I've written about the Reverend Billy before. He is a former actor who figured out that he can effectively spread his word in the guise of a preacher. to many it seems like he's a bit crazy . . . but I think he's crazy like a fox. In this recent video, you'll see the Reverend telling the faithful about those guys in those corner offices up in the sky.
The U.K. Guardian asked readers to consider who should receive the Nobel Peace Prize this year. The winner, with 40% of the vote is Bradley Manning, edging out #2 vote-getting Julian Assange.
A couple months ago, I took the time to shoot, edit and publish a Youtube video on a protest of the Bank of America in St. Louis. I was surprised that the traffic was relatively modest (less than 1,000 views). I had designated the video to be Creative Commons - Attribution. Now I find out that my video has gone wild on the Internet--almost 100,000 views, but it's because at least two individuals have taken my video, chopped off the information where I identify it as my work, and failed to give me any credit for my work on their Youtube uploads (I'm not going to share their links because, frankly I'm not happy about this). Instead, here is my post, and here is my upload, the only one out there where you can see the entire video, including the credits. Yes, I'm honored that my video has taken off, and I'm glad that it has become part of the national dialogue. I wasn't trying to make any money off of this video (in fact, there is no advertising at Dangerous Intersection--I decided six month ago to fund all hosting fees--any ad you see on my site will be a donation by me to that cause). Yet I'm sorely disappointed that multiple people are willing to chop my name off of my video and present my work as their own.
I read an interesting article today by Salon contributor Paul Lafarge on Why the book’s future never happened. Lafarge was referring to hypertext fiction, a non-linear “literature” that apparently was ahead of its time. When technology caught up, the genre was OBE (overcome by events ) and made obsolete like a four track tape (my father had a player and about 15 tape…superseded almost immediately by the eight track) by the Internet. Or maybe not. Read the article and decide for yourself. I investigated a little hypertext fiction and found it to be quite irritating. Perhaps it was only the non-linearity … when I read fiction, I like it to flow (do not confuse “flow” with “stream of consciousness”). But I don't think so. The links in the examples I saw seemed to be only links for the sake of linking…adding no value to the story, no continuation of the context. Bizarre plot devices are usually not received well anyway, so my annoyance with the hypertext genre of fiction is not surprising. I did find some of the comments to Lafarge’s article informative, so I encourage you to drill down. I don’t know if hypertext is the future of fiction, but electronic books seem to be. I love printed books – clearly, as I/we own more than 5500 of them. But I recently (late to the game as always) inherited my wife’s iPad after she bought an iPad 2 and have discovered the convenience of electronic books. I read a few on my iPhone, but the seven or so page flicks to read a single page of printed text tends to tedium. A few folks I know have Kindles or Nooks that they like (my wife uses the Kindle app on her iPad), but I’m pleased to have an ebook reader and the other features of the tablet. I can take a few moments at any point of the day to read a couple of pages or sit down and read an entire book without having to carry the hard copy…unless I want to. I miss Borders, and hope other chains don’t die, but I’m liking the technological alternative. I find one feature of the ebook reader I've settled on particularly useful. When I read a book to learn something, I like to make notes but too often never go back to them, as I’m reading new books and making more notes. With the electronic version, I can highlight the text or drop a bookmark and the reader keeps track of them for me. I’ve reloaded a couple of books I deleted after reading when I discovered that…embarrassing, as I’m usually pretty savvy with those things, but it hadn’t occurred to me that I could use the technology to even more of my advantage. So, I’m not going to call myself a convert because I will always treasure the feel of paper in hand, but I foresee continuing to enjoy the benefits of electronic versions of books. I just wish my various apps I like to use could each see the others’ books. I like the some of the features of one, some of another, but iTunes and the brilliance (snort) of the iOS folks forces me to load multiple copies of a book to each app if I want to read it in more than one. Not the only flaw that annoys me, but one that pertains to this post… Happy reading. However you manage it.
Thought we bailed them out, Wall Street banks continue with much of their destructive behavior. Exhibit A: They hold 95% of Derivatives. How can we stop the madness? Large U.S. bank speculation in derivatives, the very thing which caused the economic crisis of 2008, is going on more than ever. JP Morgan Chase, Citigroup, Bank of America and Goldman Sachs have some 95% of such exotic investments, with only a small percentage being held by the tens of thousands of other banks in the US. Each of the current large bank holders of derivatives were recipients of bailout funds under the TARP. The federal law (Glass-Steagall) which had prevented banks from involving themselves in such ultra-risky transactions was repealed in 1996, and its replacement was a hard fought losing battle to pass the Dodd-Frank financial reform legislation. The proposed CFTC regulations to limit the type and numbers of such positions taken by commercial banks on such financial investments are being challenged even before they are made final. One of the new items proposed to be regulated is the type, number and amounts of positions taken on West Texas Light Crude oil which is a benchmark for the international price per barrel of oil. Previously, the WTLC market was regulated in Dubai and the UK and not in the US, so speculators could do as they pleased with those oil prices and not be subject to US regulation or even US scrutiny. It is commonly agreed that speculators add as much as 40% more to the price of a barrel of oil. The proposed CFTC regulations anger large speculative investors and they have threatened lawsuits even before the regulations go into effect. One method of suppressing speculation is a financial transaction tax. Some experts say that a broad series of financial transaction taxes will provide additional revenues to countries and also serve to prevent the kind of wholesale speculation in derivatives and other such exotica which gave us the world economic crisis in 2008. Taxing authorities could also provide regulators real-time information on the positions of various investors to monitor and avoid abuses. The European Community is about to impose such a tax on financial transactions to deter speculators and to raise revenues. Perhaps we in the US may do likewise.