rss

Category: Psychology Cognition

1
By Erich Vieth on November 18th, 2009

When do the prosecutions begin?

In the St. Louis alternative newspaper, The Riverfront Times, James Lieber sizes up the prosecutions now underway for the economic collapse. Oh, wait. There aren’t any prosecutions:

As it stands now, there is only one federal prosecution related to the credit crash and bailout cycle, and it was begun by the Bush administration’s Justice Department in June 2008.

Not that there aren’t culprits. Bernie Madoff and other accused Ponzi schemers like Allen Stanford are mere pickpockets compared with Wall Street’s institutional buccaneers, who so far have carted off up to $12.7 trillion — that’s nearly equal to the entire gross domestic product. They’ve multiplied their booty with billions in subsidies and a flood of derivatives — some of them merely old soured wine in new bottles. Today’s pirates are sailing away from the light regulatory scrutiny that apparently will continue in our benighted, weakened, financially top-heavy and bubble-addicted economy. [Former regulator William] Black says Obama’s current efforts are doomed to fail — and, in a twist, it’s for lack of trying. “There is not a single successful regulator giving him advice,” Black notes.

I’ve posted about William Black previously. Lieber describes him as follows: “a Ph.D. criminologist and lead lawyer at the Office of Thrift Supervision, who helped steer the brilliant federal effort that cleaned up the S&L industry and won more than 1,000 felony convictions of senior insiders while recovering millions of their ill-gotten dollars.” Black is someone to whom Obama should be listening. He states that there are two reasons why there aren’t vigorous ongoing prosecutions resulting from this collapse

1) “It’s difficult to prosecute others for securities fraud if you condoned the deals to begin with,” and

2) Obama administration lacks the will. Obama was the candidate most preferred by Wall Street and he has surrounded himself with lackeys for big finance, including not only Lawrence Summers and Tim Geithner, but also Attorney General Eric Holder, who has made it clear that white collar crime is something which he’d rather not prosecute.

Keep in mind that “Wall Street’s institutional buccaneers [have] so far have carted off up to $12.7 trillion, and that in 2008, In 2008 American households lost 18 percent of their wealth. Why aren’t there more prosecutions? There’s no good reason. This is an excellent in-depth article. The title: “No Justice: We’ve bailed out the banks. When do we go after the crooks behind our financial collapse?”

Economy • Featured • Politics • Psychology Cognition
Full Story
0
Hungry Ghosts
By Lisa Rokusek on November 14th, 2009

Hungry Ghosts

I recently came out of an emotional bad spell - emerging from it felt a lot like hitting the surface after you’ve been underwater just a little too long. This spell of anxiety/fear/depression/whatever it was taught me more than usual because it happened smack dab after I had a really awesome year business wise. I was on a high. Things were so good I had to go buy a suit so I could go to Las Vegas and get an award for being so awesome. That is important to note not because getting an award is important (but it is kind of cool, right?) but because of what happened after the award.

Intellectually I knew that all the activity I had in the funnel would end, and I’d be back in building mode. I knew it and even tried to prepare myself for the letdown. My business is cyclical - I know that. And I like building mode. Building mode is how one gets to closing mode. I just had a run of especially good fortune and my building mode was a distant memory, which I knew was not such a great thing for me. In the midst of my crazy happy frenetic good luck mode, I tried to prepare for what would come after the constant activity of balancing all the stuff in the hopper died down. I know how I can be - I get squirrley sometimes, so I tried to prepare.

There is a saying: “Trying lets us fail with honor.” I failed. I’m not sure I had any honor, either.

“I woke up one morning and I was scared. Not just a little scared, either. I was in full-on panic mode. I remember thinking, “Dammit, Lisa, this is exactly what you worked to prevent.” Yep it sure was. In my defense, I had a crazy end of September/October. We had family in from out of town (stressful), my Mom had spine surgery (surprisingly stressful), the foster greyhound we rescued need to be carried up and down our stairs in order to go outside (it takes both of us - constantly coordinating schedules is stressful), I bought a car (consumerism is, for me, fraught with drama, tension and guilt - stressful, but I sure like the car) and Ginger decided to feng shui our bedroom. Not only was I going through something hard, I had to do it with our bed facing a new and opposite wall. Things like that do bad things to me. I spent an entire sleepless night focused on whether the bed facing the other direction was symbolic of me never closing another deal. During that mental wrestling match I started doubting my employ-ability (I only have one suit!!) and by morning I had tearfully decided my only option was to make this thing work or I’d end up living in a paper box. I went to bed scared, I woke up panicked and I think Ginger wanted to throttle me (I wanted to throttle me).

[more . . . ]

American Culture • Meaning of Life • Neuroscience • Psychology Cognition • Quality of Life • Science
Full Story
0
By Erich Vieth on November 12th, 2009

What does this say about the government we support in Iraq?

Yes, Blackwater paid a million bucks to bribe Iraqi officials to placate those officials and thus allow Blackwater to continue garnering a huge paycheck in Iraq. Lots of people are rightfully pissed at Blackwater. But what does this say about the Iraqi government that more than 3,000 U.S. soldiers died to establish?

Imagine this in 2003: Dick Cheney tells the public that we’re going to spend one trillion dollars and allow 3,000 U.S. soldiers to die in order to establish a corrupt Iraqi government when we don’t actually know whether Iraq has any plans to attack the United States. How much support would there have been for that kind of needless military adventure?

Corruption • Iraq • Politics • Psychology Cognition
Full Story
3
Fans, Freedom, and Frustration
By Mark Tiedemann on November 03rd, 2009

Fans, Freedom, and Frustration

Over on her blog, Kelley Eskridge has a video of a “Bono Moment” in which you see two distinct types of fans interacting with U2’s lead singer. Check it out and come back here.

Okay, the guy in the t-shirt obviously is carrying on a conversation. he may be being a fan, but he hasn’t lost his mind. The female is being…a groupie, I guess. Though the groupies I’ve met in my time have been a bit more specific about what they wanted and had a better plan on how to get it. In any event, the questions Kelley raises are interesting and relate on so many levels to so many different things. The fan reaction—mindless adulation bordering on deification—looks to me, has always looked to me, like exactly the same kind of nonsense people put into religion. Mindless, utterly uncritical adoration of an image and the set of emotions with which that image is connected in the mind of the adulant. You can see the same thing in politics. To a lesser degree with less public personalities—writers, painters, photographers (I never knew anyone who elevated a photographer to the level of sex god, but I have known people who got off on sleeping with painters, and of course there’s a kind of Nabokovian/Bellow/DeLillo-esque subculture of writer groupies…) and other creative types—but actors and musicians seem to get all the dedicated obsessives.

I’ve never had this happen to me. I’m not sure if I’m grateful or resentful—having somebody want to associate themselves with you in a mindless swoon because your work has made them, I don’t know, climax maybe is on a certain level appealing. But it’s appealing the same way porn is—something most people, if they’re at all sane and grounded, kind of grow out of and get over. I know I would not find it very attractive now. When I was twenty-five? You betcha. Bring ‘em on.

But if I’d had that then I think I’m fairly sure I would have wearied of it very quickly. I long ago realized that sex, to me, involved the other person—emphasis on Person—and the best sex I ever had included the good conversations before and, especially, after. (There is a point, of course, where you realize that sex is a conversation, of a very particular sort, and takes on a whole new dimension, which one-night-stands, no matter how good they might be, just can’t provide.)

But the real problem with all this is that art is more than just any one thing and the artist is not the art. The two are inextricably linked. Here is a video discussing the question of artist-in-relation-to-muse which I find illuminating. The notion that the talent “arrives” and you act as conduit through which creativity happens is not, as the speaker suggests, a new one, and it’s not one I’m particularly in sympathy with—it all happens in my brain, it’s definitely mine—but I certainly find her analysis of the psychology of following through intriguing and true. Once the muse is finished with you on a given project, you do not continue to exist as though in the grip of the work. There is a person there that pre-figures the work and who will be there after it’s done that has all the needs and wants and sensibilities of a normal human being. To be treated as some kind of transcendence generating machine by people is in some ways disenfranchising. For a writer, if the well from which inspiration and material are drawn is the honesty of human interaction, then the gushing idiot fan robs the writer, for a few minutes at least, of exactly that.

But it also sets the artist up to become a prisoner. A prisoner of other people’s expectations. Those expectations always play a part in anyone’s life, but certain aspects—the most artificial ones—get exaggerated in the instance of fan adoration.

Watch Bono shift from one stance to another when he finally acknowledges the female. No, he doesn’t stop being Bono, but it’s almost as if he says “Oh, it’s time to do this sort of thing now” as he first recognizes her presence and then automatically poses for the camera, with this not-quite-disingenuous smirk. Because he also recognizes that, however silly this person is being, what she’s feeling right then is her’s and to claim it is artificial is wrong. Maybe an artificial set of expectations led her to this point, but now that she’s In The Moment, the emotions are real. If he’d ignored her or told her something snarky in an attempt to snap her out of it, all that would have resulted would have been an ugly moment, a bit of cruelty, and a lot of confusion on the fan’s part.

[more . . . ]

Addictions • American Culture • Art • Communication • Community • Consumerism • Culture • Education • Featured • Meaning of Life • Media • Politics • Psychology Cognition • Religion • Science • Writing • music
Full Story
8
By Erich Vieth on November 03rd, 2009

Court reporters and multitasking

If you are one of those people who finds it difficult to multitask (I am one of those), you might appreciate this story involving court reporters. I work as a lawyer during the day, and quite often I need to take depositions, which are reported in real time by court reporters who use a special keyboard to take down every word of the deposition. The best court reporters are truly incredible to watch. To be a court reporter, you need to take down at least 200 words per minute without mistakes. You would think that trying to take down every word spoken by everyone in a room would completely occupy your working memory, but good court reporters can do their work proficiently with mental processing capacity to spare.

Last week I spent an entire day taking depositions. After the depositions were finished, I asked the court reporter what she was daydreaming about. She smiled, because she knows that experienced court reporters are perfectly capable of daydreaming about such things as grocery shopping or going to the beach at the same time that they are taking down every syllable of every word spoken in the room.

I asked this particular court reporter how often she has to go back and look at her transcript to see what was being said, because she was thinking about something else at the time she was taking down the testimony. She told me that she was once working for a judge who was going to sentence a man convicted of murder. The big question that day was whether the man would be put to death or whether he would get a life sentence. This court reporter was assigned to preserve all of the court proceedings regarding this momentous sentencing. After she was done taking down the testimony, and after she left the courtroom, someone asked her whether the judge sentenced the accused to death. This woman hesitated before replying that she did not know, even though she was a court reporter. To find out, she went back to her tape (the strip of paper on which the court reporter’s keyboard prints out the testimony), and looked for the critical part. She found out that the judge had actually sentenced the man to death, but she had no memory of this.

I asked her whether she is ever asked to read back testimony during a court proceeding or deposition at a time where she became nervous that she might not have been accurately taking down the testimony. She stated that this never happens, and that she is always confident that she’s taking down the testimony accurately. If something starts going wrong, her full consciousness kicks in and she deals with the unusual situation fully aware. She has never been caught not taking down the testimony accurately.

I find it pretty amazing that someone could have their working memory so thoroughly occupied in the linguistic sense, and yet be able to think about other things. It’s even more amazing that when the court reporters daydream or think, they are often doubly-employing their linguistic abilities. It just seems like this would be impossible, but it’s commonplace.

Most of the court reporters today use a special stenographic keyboard, but there are a few who speak into something that looks like a muzzle. They hear the testimony in the courtroom with their own ears and simultaneously speak those words into this muzzle-device which is recorded by a tape recorder. In short, they “shadow” the testimony with their own voice. Later, someone types out that the court reporter’s words into a transcript. I’ve spoken to some of these muzzle-device court reporters over the years, and they to tell me that they are able to think about other things were daydream while they are taking down the testimony.

If you are wondering why we even have court reporters, that would be a good question. The main advantage is that when you have a court reporter, you have a person who is in a position to swear to the accuracy of the transcript, indicating who said exactly what. A tape recorder would simply record the sounds, and might not accurately pick up the exact words that were being spoken (for instance, because someone is mumbling or gesturing). When these sorts of things happen at a deposition, human court reporters ask the witness to speak up or to state their testimony in words rather than gesturing. This makes for a more accurate and more readable transcript. That said, some courtrooms are now employing tape recorders in lieu of court reporters.

Communication • Featured • Language • Law • Psychology Cognition
Full Story
1
By Erich Vieth on November 02nd, 2009

Dylan Ratigan asks why Tim Geithner still has a job

In a succinct and powerful video, Dylan Ratigan wonders why Tim Geithner still is our Treasury Secretary. Senator Maria Cantwell, who makes an appearance on this video, wonders this too, calling Geithner’s job performance “appalling.” I agree. It’s time for Obama to start fresh while we are not in crisis mode. He can do this without starting a panic by saying something like, “We thank Mr. Geithner for his service getting us through this crisis.” But then, by all means, throw the bum out and let’s pick an honest outsider (not another Goldman Sachs alum) to lead the way. Am I being harsh when I say “bum”? Nope . . . I’m being restrained. Geithner should be taking the time to use the mass media to teach common people what went wrong, how we can avoid it happening again, and explaining exactly where our public tax dollars have gone. Because he refuses to do any of this, and he refuses to be an powerful advocate for taxpayers, he should step aside. It is clear that he doesn’t understand who he is supposed to represent.

If I were to speak more bluntly, I would say that Tim Geithner is committing a fraud on the U.S. public. Here are the words of Robert Johnson, former economist at the Senate Banking Committee and the Senate Budget Committee

[Geithner] speaks as though they’re doing very comprehensive reform. Unfortunately, in the United States, one of the reasons we had the bubble and the crisis was because we have a broken political system, where campaign money, lobbying influence of the financial sector is enormous, and it created bad regulations, bad laws. I’m going back into the Reagan period, Bush the senior, particularly the Clinton era. We’ve made a mess, and now we come back from a crisis where the population knows darn well what a mess we’ve made. But the problem is, at this point, the people in power, the moneyed interests are still in power. And a large portion of these reforms are either cosmetic or designed by the industry and quite ineffective. . .

Ground Zero, the San Andreas Fault of our financial system, where it blew up last time, was in the intersection between “too big to fail” firms and over-the-counter derivatives and that these derivatives need to be put on exchanges, because they’re too complex, and when they’re combined with the “too big to fail” firms, which have a 95 percent market share in OTC derivatives, five banks, that it can create a situation, like we were talking about moments ago, where Citibank could not be restructured. The spider web of positions in derivatives is so complex and so entangled that it deters policy officials from being able to put them through restructuring, because they’re afraid of what kind of spin-offs and consequences will happen. I spoke about the credit default swap market and the illusion of safety that those credit default swap contracts created when they’re unregulated, because everybody thought AIG was going to be able to pay the bill, but they weren’t, and then the taxpayer got to provide that capital.

It’s also time for Cantwell and her Senate colleagues to quit blaming Treasury for failing to lead the way. Congress has the power to make laws; it should should pass the necessary laws to close the “loopholes” she finds so appalling.

Economy • Featured • Politics • Psychology Cognition
Full Story
4
By Erich Vieth on November 02nd, 2009

Thinking through global warming

Greg Craven argues that we should “choose columns” rather than “guess rows” when thinking through global climate change:

This lecture seems to amount to a “Pascal’s Wager” of GCC.

Politics • Psychology Cognition • global warming
Full Story
2
Halloween: Whence the pursuit of horror?
By Erich Vieth on October 27th, 2009

Halloween: Whence the pursuit of horror?

Some of the neighborhoods near my house in St. Louis have already celebrated Halloween. For instance, my street celebrates Halloween on the Sunday afternoon prior to Halloween. Celebrating in the daylight makes it easier for us to visit with little neighborhood children and their parents. The nearby Compton Heights neighborhood celebrates Halloween on the Saturday night prior to Halloween. Our family was invited to venture over to Compton Heights a few nights ago, and we weren’t disappointed. head

Amidst all of the traditional candy-giving, we stumbled upon one particular house where the family had put together its own haunted house. The family owns a big old house, but also owns a separate large two-story carriage house in the back. They hired an electrician to wire up the carriage house with sophisticated lighting and they assembled a team of 20 friends and family to pose as various types of dead people inside the house. Not typical dead people, mind you. Dead people who stand still in the dim lighting and come alive just when you are convinced that they are mannequins (and there were quite a few mannequins too, some of them dismembered). When selected dead people came alive, they yelped, or they screamed; some of them reached out and grabbed you. There were ghouls and ghosts, a vampire, a mummy, floating bones, a guy with a “chainsaw,” and a beheaded guy who suddenly moaned, all of this horror looking rather real and all of these characters lurking carefully amidst the dim lighting as we toured this incredible house.

front-of-haunted-houseEach of the photos in this post is from this house. Note that it’s not always easy to take photos in a darkly lit haunted house. While I was taking a photo of a decapitated head on a table, for instance, a dead man reached out and tugged on my sleeve, smudging the long exposure.

How good was it? I stood outside for 30 minutes after I toured the haunted house, and every ten minutes or so, I saw a panicky grown child running from the haunted house crying. Bravo! I then learned that the haunted house family has been putting on this magnificent show, for free, for 15 years. Double Bravo!

But as I walked away from the haunted house, I wondered two things.

American Culture • Communication • Culture • Featured • Media • Psychology Cognition • Religion • Science
Full Story
4
By Erich Vieth on October 25th, 2009

The uncoolness of planning and Lucky Harry Potter

Today I watched the third Harry Potter movie with my family. I’ve seen all six of the Harry Potter movies now. These Harry Potter movies offer outstanding entertainment. Their characters are endearing and the special effects are seamlessly woven into the enchanting stories.

As entertaining as these Harry Potter movies are, it has become abundantly clear to me that Harry is extremely lucky. Yes, Harry is also brave and smart and he has a pure heart, but there is no reason for expect that he should have survived most of the life-threatening challenges he faces. You see, dark powerful magic abounds, so much so that Harry should have died several times in each of his movies, but doesn’t die because he is extremely lucky.

Harry usually survives only because of something that has nothing to do with planning. Instead, a good powerful magic person shows up to save him (or a magic animal), or the evil attacker inexplicably allows him to survive, or a solution that involves a magic object becomes apparent at the last possible moment. This tendency violates one of the rules traditional screenplay writing: the solution to the major conflict should have been made available to the audience throughout the movie (in the form of clues sprinkled about). Magic animals are fun, of course, but plots shouldn’t depend so heavily on them.

Harry is only one in a long line of heroes who survives a long roller-coaster of adventures without ever sitting down to map out any sort of detailed plan of action. There might be a few times when our heroes pause to think of what to do next, but it’s only for a minute or two, and then someone yells “Let’s go,” and our heroes are off again.

I wrote about our dearth of “planning heroes” several years ago. In America, we love adventure without planning. We simply expect to survive without planning; we’ll figure out the details later, if ever. Now it’s time for action/movement/adventure. We don’t have time for planning; we scoff at planning. It’s undignified.

Featured • Films and Videos • Politics • Psychology Cognition
Full Story
8
By Erich Vieth on October 18th, 2009

Elizabeth Warren: Nothing much has changed

Elizabeth Warren has lots of bad news, the “stabilized” economy and the huge Wall Street bonuses notwithstanding. Warren is the Chair of the Congressional TARP Oversight Panel.

Good for her, hammering on Henry Paulson’s enormous bait and switch. Most of that TARP money was supposed to be used for loans for small businesses, not more gambling and bonuses, which is where it appears to have gone. Yet, according to Warren, there will “never” be a meaningful accounting of that money.

Economy • Politics • Psychology Cognition
Full Story
7
By Erich Vieth on October 16th, 2009

Internet porn and sexual irresponsibility

Remember the old argument that porn encourages rape? I’ve always been suspicious. It would seem that men who relieve their sexual frustrations in private would be less likely to harass real life women. I’ve sometimes wondered, then, whether sexual assaults have decreased since Internet porn has become more readily available.

Here are some rather startling statistics, and they suggest that many measures of sexual irresponsibility have decreased with the increased availability of Internet porn. This includes a decrease in sexually transmitted infections, teen sex, divorce, and rape (since 1995, rape has decreased by 44 percent). This article at Psychology Today concludes: “If Internet porn affects society, oddly enough, it looks beneficial. Perhaps mental health professionals should encourage men to view it.”

Communication • Featured • Psychology Cognition • Sex
Full Story
0
By Erich Vieth on October 09th, 2009

The bankers continue their stranglehold over Washington.

Bill Moyers interviewed economist Simon Johnson and U.S. Representative Marcie Kaptur of Ohio about the Wall Street/Washington connection and the picture isn’t pretty. In fact, it’s terrifying. I highly recommend that you make yourself watch this 30-minute segment. It’s a massive problem with no hint of a solution. Here’s an excerpt:

BILL MOYERS: Why have we not had the reform that we all knew was being was needed and being demanded a year ago?

SIMON JOHNSON: I think the opportunity the short term opportunity was missed. There was an opportunity that the Obama Administration had. President Obama campaigned on a message of change. I voted for him. I supported him. And I believed in this message. And I thought that the time for change, for the financial sector, was absolutely upon us. This was abundantly apparent by the inauguration in January of this year. . . . And Rahm Emanuel, the President’s Chief of Staff has a saying. He’s widely known for saying, ‘Never let a good crisis go to waste’. Well, the crisis is over, Bill. The crisis in the financial sector, not for people who own homes, but the crisis for the big banks is substantially over. And it was completely wasted. The Administration refused to break the power of the big banks, when they had the opportunity, earlier this year. And the regulatory reforms they are now pursuing will turn out to be, in my opinion, and I do follow this day to day, you know. These reforms will turn out to be essentially meaningless.

MARCY KAPTUR: When Lincoln ran into trouble, during the Civil War, he got new generals. He brought in Grant. I hope that President Obama will bring in some new generals on the financial front.

BILL MOYERS: Should Geithner be fired? And Summers be fired?

MARCY KAPTUR: I don’t think that any individuals who had their hands on creating this mess should be in charge of cleaning it up. I honestly don’t think they’re capable of it.

BILL MOYERS: Let me show you an excerpt from the speech President Obama made on Wall Street last month, September. Here is the challenge he laid down to the bankers.

PRESIDENT OBAMA: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses. Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.

BILL MOYERS: A reality check. Not one CEO of a Wall Street bank was there to hear the President. What do you make of that?

SIMON JOHNSON: Arrogance. Because they have no fear for the government anymore. They have no respect for the President, which I find absolutely extraordinary and shocking. All right? And I think they have no not an ounce of gratitude to the American people, who saved them, their jobs, and the way they run the world.

Economy • Politics • Psychology Cognition
Full Story
0
By Erich Vieth on October 09th, 2009

Alan Grayson still not apologizing

Grayson is a fresh voice I enjoy hearing.

I especially agree with Grayson’s point that we need to do something about 120 needless deaths every day. If 120 people died in a plane crash each day for a week, we’d take action and revamp the aviation system. So why do we allow 120 people die each day due to lack of health insurance?

I’m not suggesting that I’m happy with the proposals that I’ve heard so far. I don’t want a system that shovels lots of tax dollars to for-profit health insurance companies to insure a relatively small number of new people. And I’m frustrated that we aren’t talking clearly in terms of how much reform would cost, who would pay it and how much coverage it would provide. We can’t afford heart transplants for everyone, right? So what level of health coverage should we guarantee and how are we going to pay for it? In plain English, please. Without all of the backroom deals. And not passed 12 hours after the public release of a 2,000 page bill loaded with special favors. Let’s talk out in the open like adults. Or is that not possible anymore?

Health • Health Care Reform • Politics • Psychology Cognition • Social justice
Full Story
Older Entries