Recently I was trapped in traffic in my car, channel surfing for news on the Egyptian revolution, and came across a Fox funny person, Glenn Beck. I should have surfed on by, but was fascinated by his off the wall comments -- which admittedly I am probably taking out of context as I only listened to him for a couple of minutes -- but if I understood the thesis correctly, Obama's secret agenda ( as a "community organizer") is to organize the youth of the world (evidence: Obama appealing to "the youth of Egypt" during the crisis) in an attempt to encourage some sort of a new Industrial Workers of the World? Did I hear that correctly? And what does Beck have against youth?
Between Beck, Sarah Palin and Rush Limbaugh (BP&R), a flood of bizarre assertions have been made about Obama's motivations, and the conservative media is drowning in their spewed sewage. It is one thing to call Obama incompetent, or having the wrong priorities (neither true for the most part, at least in my opinion), but to foster these conspiracy theories is quite another. No American president has been so reviled by conservatives and, frankly, I can't figure out why and how the conservative movement thinks it can benefit from this kind of extremism, other than selling more newspapers, books, and media time.
No doubt, there is a buck to be made by BP&R and conservative leaning media, particularly Rupert Murdoch's News Corporation which now owns Fox, the Wall Street Journal, and the book publisher HarperCollins, just to name a few. This media giant can now create persuasive circular arguments, hiring Sarah Palin as a Fox News Contributor, having HarperCollins publish "her" book, the Wall Street Journal and other media quoting the wacky output of this celebrity politician, and, then have Fox News quote the WSJ. Murdoch began turning the UK's newspaper industry into sensational tabloids at the end of the 1960s (with the kind of blaring headlines as seen here in Piccadilly Circus when we first visited London after we were married) and some of the same methodology seems to be migrating to more recent ventures.
However, to my surprise, I read Michael Medved's opinion column in yesterday's Wall Street Journal discussing this very issue of the demonization of Obama -- and a "fair and balanced" one as well (maybe I'll keep my subscription after all) -- Obama Isn't Trying to 'Weaken America'.
Of course, as a conservative commentator, Medved fears that the BP&R's fixation on Obama as an evil-doer will ultimately be the ruination of Republican chances in the 2012 election. He rightfully points out that while the history of the presidency is fraught with mistakes, essentially the office has been occupied by people of good intentions. I could argue that although Nixon's presidency might have begun there, it ended in the office's worst betrayal, but I agree with Medved that the presidency's history "makes some of the current charges about Barack Obama especially distasteful—and destructive to the conservative cause."
Tuesday, February 15, 2011
Thursday, February 10, 2011
Marina Maiden Voyage
I've been unable to post the past few weeks as we were on the maiden voyage of a beautiful new ship, Oceania's Marina, the first built by Oceania, who's current fleet is made up by the smaller ships of the Renaissance Line which ceased operations about ten years ago. Although the Marina is now Oceania's largest ship, it is still relatively small by today's mega cruise ship standards, "only" 66,000 tons, 785 feet LOA, and 105 foot beam.
No rock climbing walls, water slides, ice skating rinks, merry go rounds, etc. on the Marina. This ship was built to the exacting standards of adults who like some of the traditional touches reminiscent of what it was like to cruise in the halcyon days of trans Atlantic crossings, before jet travel almost destroyed the industry, and before Disney-like, mega ships made the cruise industry a mass market destination. (Think of the difference between Masterpiece Theater's recent Downton Abbey and the movie Rambo.) I will defer my comments on the details of the ship as they can be easily gleaned from Oceania's website.
My entry is about the voyage itself and what it meant to us. Our cruise began in Barcelona, the ship having just been delivered from an Italian shipyard, so we flew overnight from Atlanta to meet the ship. We had visited Barcelona before so decided to go directly to the ship this time, after a brief bus tour on the way, which took us past throngs of visitors to the unfinished church La Sagrada Familia by Catalan architect Anton Gaudi. They had opened the church free of charge to all that day and it seems like everyone in Barcelona was there to show their respect and express their awe.
After boarding the Marina, we quickly learned the distinction between a "maiden voyage" and an "inaugural cruise." Maiden voyage is AKA a shakedown cruise. There were dozens of subcontractors on board the ship and over breakfast one morning, one said to me, imagine you built a brand new house and just moved in. That is what a maiden voyage is like, attending to all the last minute details that, no matter how good the builder and the architect might be, are still waiting to be observed and tested.
Compound this by putting your "new house" on the ocean, and it becomes a self-contained city that must manufacture its own fresh water, handle waste, supply its own propulsion and electricity, etc, and then be able to deal with the potential vicissitudes of what the ocean might throw your way. He said that part of their presence on board was not only to help with whatever issues arose, but to educate the crew and officers. There were lectures each day being given by the subcontractors in a private boardroom. When you think about all that could go wrong, in retrospect it is adventuresome for passengers to book a maiden voyage, particularly one scheduled to cross the Atlantic, eight days of running new engines and systems 24x7.
It is also a floating hotel, new staff, new kitchens, new housekeeping facilities. We were surprised to learn that some of the new staff had never served on a ship before. A young man from South Africa admitted he had never been on water, so it was no surprise that it took him a couple of days to get his sea legs, especially as those days were so windy and rough (20 foot seas in the Med) that we were unable to dock at our first scheduled port of Malaga, so we headed back out to sea. I made it a point to regularly check with our young South African friend who was assigned to the dining room and the buffet to clear tables to see how he was getting along and as the seas calmed, he beamed more and more, especially looking forward to our ultimate destination of Miami. South Beach, here he comes!
Actually, if I had to point out one subtle aspect of the staff on board this new ship it was how they interacted with each other. Of course you expect them to be courteous and friendly to the passengers, but they also seemed to have a great esprit de corps, always smiling, helping the other. That is where the fine training of the Oceana line showed. The ship is also stately, traditionally designed, beautiful woods, and large windows to bring in the light. Nothing garish here, other than the Martini Bar, but that, too fit in with the theme.
I'll also briefly point out that the cuisine and service on board were excellent, four specialty restaurants to choose from at no additional charge. In fact, to make up for some of the minor inconveniences of the maiden voyage, Oceania served wine and cocktails at meals at no additional charge, something that was unexpected and appreciated by all.
Perhaps the worst seas were as we transited the Strait of Gibraltar, that narrow funnel connecting the Atlantic Ocean with the Mediterranean Sea, where the saltier Mediterranean works its way westward below the Atlantic's flow, the less dense and less saltier Atlantic flowing eastward. Add to that mix the 50 mile per hour winds at the time, and the seas built, with one particularly large wave that knocked everyone over who were sitting on heavy high backed stools at the piano bar (thankfully, there were no injuries). These seas gradually abated as we approached our second scheduled port (now our first), Casablanca, the economic (but not the political) capital of Morocco. Fortunately, the weather was nice for our tour of the city, although in the back of my mind was the Egyptian uprising which was then underway in Cairo, not to mention the Tunisian riots. However, the poverty in Morocco, at least what we saw, is not as oppressive as in other Arab countries. According to Matt Schumann of Morocco Board "Moroccans love stability." Everywhere, though, one can see photos and posters of the current King of Morocco, Mohammed VI.
Casablanca reminded me of parts of Istanbul, with a moderate Muslim population. One thing in common too is the beautiful Mosque in Casablanca, one of the largest in the world, the Hassan II Mosque, built to overlook the Atlantic ocean which can be seen through its huge glass floor. Between the Mosque and the courtyard it can accommodate over 100,000 worshipers. It has the tallest minaret in the world. We were allowed in part way. I was carrying around the sheet music of "As Time Goes By" hoping to play it at Rick's Cafe, which of course is merely a recreated version for silly American tourists such as myself (I think the cafe is now in its fourth iteration), the film of course having been entirely shot in a Hollywood studio, so I finally decided to defer a visit. Actually, my favorite part of the tour, other than the Mosque, was the central marketplace, where real life takes place in the heart of Casablanca.
An amusing sidelight was a quarrel between our tour guide and the bus driver as the bus approached an underpass on the busy streets of Casablanca. The bus had the option of avoiding the underpass by going up the side road, but that would have meant more traffic and he clearly wanted no part of that. The tour guide seemed to be warning the driver (in Moroccan Arabic of course) that there would not be enough clearance for the bus, so as the driver approached the underpass, he stopped the bus, got out, and eyeballed the heights of each, cars behind blaring their horns, and he made the executive decision to proceed (by that time he would have had to back out100 yards of highway with a multitude of cars behind, so it was an expedient decision). We slowly crawled forward, the bus driver's smile beaming as we proceeded without incident until the scraping and crunching of metal against cement reverberated throughout the bus. Recriminations and hysteria erupted between the two. I had visions of waiting hours for another bus, walking this exhaust-fumed filled tunnel in Casablanca. (Perhaps letting air out of the tires might help?) However, since we were able to transit part of the way in, logic had it that we might be able to back up (with a little crunching) which we did to the extent that cars behind allowed. A policeman finally showed up (lucky for us, but not for the bus driver as it turned out) and was able to halt traffic so we could make our slow backward escape and, when free, the bus was ordered to pull over so the poor driver could be cited. Not a good day for him.
Back to the ship, we disembarked for our next port, Santa Cruz de Tenerife, Spain, in the Canary Islands. Tenerife is a volcanic island, with black volcanic sand on some beaches, but also beautiful sandy beaches imported from nearby Africa's Saharan desert. Our tour took us to the Village of Taganana which is high in the Anaga mountain range, also stopping at Pico del Inglés with views of the northern part of the Anaga mountain range somewhat shrouded in mist. Here we sampled local wine, goat cheese and delicious olives which no one could stop eating. Finally, on the return to the ship we toured San Cristóbal de La Laguna, which used to be the capital of the Canary Islands in ancient times.
That evening the ship cast off her lines for the 3,500 mile trip across the southern Atlantic. Many on board were concerned that the rough seas of the past couple of days would shadow us, but this is the time of the year when that would be the exception in this part of the Atlantic and in the following days the seas calmed to the point I could have taken my old 15' Boston Whaler across without incident (other than trying to hold enough fuel!).
This was our third Atlantic crossing. The first one was in 1977 when we took the old QE2 across. I was attending the Frankfurt Book Fair but thought I'd bring Ann (and Jonathan, who had just learned to walk), first to London via the ship and then finally flying home. I was intent on making the journey once in my life just to experience this mode of transportation, taken by countless travelers for centuries before, that I thought would completely disappear, not foreseeing the days of an entirely new leisure cruise industry with numerous "repositioning" cruises across the oceans.
The QE2 cruise was interesting on the one hand and a disaster on the other. It was still in the days of classes. I remember going off to dinner, we to the second class restaurant, dressed up, but rather informally, while those in 1st Class were off to dine in their formal finery, buttoned up in their tuxedos and gowns. One of my publishing competitors was traveling that way. We respectfully nodded to each other, but of course that was the extent of it. Sort of like opposing WW I pilots saluting one another in the sky. I liked 2nd class! On the other hand, the trip was in October, with traditional fall storms forming and blowing across the Atlantic, and the stately old QE2 was not stabilized, so the ship rolled for days, to the point of everyone getting seasick. Our poor son, who had just learned to walk, had to relearn after disembarking.
Things have drastically changed in the leisure cruise industry. Oceania has tried to retain some of the niceties of cruise years gone by, such as afternoon tea, but of course, other aspects of cruising are more egalitarian (other than the size and position of one's cabin). Many cruise lines have made their ships destinations onto themselves, sort of like giant floating theme parks, definitely not for us.
So what does one do for eight days at sea? The ship provides all sorts of entertainment (at night) and activities by day. Also, as the days became warmer, the pool area became an attractive destination. One could always tell who lived in cold climates as they squeezed in as much sun time as possible. Many chose to play games, bridge being popular and now Mah Jong as well (Ann being one of the movers and shakers organizing games each day, sometimes winning as much as $2.00!) She also attended the "Bon AppĂ©tit Culinary Center" so she could learn to cook the “finest cuisine at sea” and, indeed, the food on the Marina was 5 star in every dining venue. I started each day in the well-equipped gym with a half-hour on the treadmill. I was amused that according to the calorie read out, I burned enough to justify the prior evening's dessert.
We both liked to attend the lectures given by the Oceanographer who was traveling with us, Dr. Stuart Nelson. I've heard him speak before on another Oceania cruise, but as Ann says, he could read the phone book and be interesting.
But mostly during the languid afternoons, I'd find a quiet nook, or sit on the balcony of our room, watching the Ocean gently roll by, reading my books, almost finishing four novels during that period, two of which I brought and other two from the ship's library. So my literary friends for the journey were Canin, Shreve, Walter, and Casey.
The first one I read was America America by Ethan Canin. It was recommended by a good friend whose daughter knows the author, who teaches at Iowa writer's workshop, the same one where Carver, Cheever, and Irving have taught, some of my favorite authors. Canin was a discovery for me, reminding me very much of some of my other favorite writers such as Richard Russo and Russell Banks, with upstate northeast small town and family dynamic themes. It is also a coming of age novel, with shadows of Fitzgerald's Gatsby and its American dream focus (from which the novel derives its bold title) -- glimpses into the upper classes with the reminder that behind every great fortune is a great sin. Shifts in chronology make it interesting reading as well and sometimes I felt I was reading a novel that was indeed designed by a teacher, but a VERY good one, and I look forward to the future work of Ethan Canin.
I discovered Anita Shreve's Rescue in the ship's library and as I like her writing, in particular the Weight of Water, Pilot's Wife, Sea Glass, and Body Surfing, I snapped up the copy while I was finishing America America. Rescue comes uncomfortably close to my personal life, not that I was an EMT, but married early, "rescuing" not only my first wife, but myself. It is about codependency and dysfunctional families and alcoholism, but it too is a coming of age novel, the two main characters becoming what they were meant to be in the end. It is a very sparse novel, written in typical fluid Shreve style, with a sense of immediacy. This is not a novel to be read for the plot. It's all about the characters and the writing.
So, finishing that book I calculated that I'd finish the other novel I had brought (more on that later) so I panicked as the other novels I had seen in the ship's library -- at least those that I might have been interested in reading -- I had already read, but then I came across an unexpected treasure, The Financial Lives of the Poets by Jess Walter. I'm wary reading books by the "younger generation" although I have a high regard for Jonathan Franzen's works -- who was born when I was graduating from high school. Jess Walter is even younger than Franzen, a Generation Xer, but I was intrigued by the title and the fact that Richard Russo wrote a brief testimonial which was conspicuous on the jacket. I trust Russo: "When it comes to explaining to me my own too often baffling nation, there's no one writing today whom I trust as completely as Jess Walter. His intelligence and sympathy and great wit inform every page--indeed every sentence--of his terrific new novel, The Financial Lives of the Poets.". That was enough for me to give it a try, and I am glad I did. (As I publisher, I was always dubious about the effectiveness of testimonial blurbs -- but they obviously work!)
This is a very funny but tragic book, a look at the financial debacle of the past few years and its impact on the main character, Matt Prior who had quit his job at the height of the financial boom to start a business web site that was to report news in verse, called Poetfolio.com. He had borrowed to start his business while his wife became a compulsive shopper on EBay trying to resell petty merchandise at a profit ("everyone else is doing it!") and before they knew it their family, consisting of them, their two sons and Matt's increasingly senile father who is now living in their home, become embroiled in a financial nightmare. It is told, though, with the skill of Joseph Heller's Catch 22, updated for the dot.com world. Like Rescue, it is about some poor choices, but redemption is found at the end. It is a totally imaginative novel, one that seems so natural even though it is so satiric. In addition to Ethan Canin, I will be watching out for Jess Walter's future works.
Finally, I turned to the other novel I brought with me, John Casey's Spartina. I wanted to read this before Casey's sequel, Compass Rose, and also because it was a National Book Award–winning book. I was immediately drawn in because it is about the sea, and, in particular, an area we had regularly traversed in our own boat -- the waters off of Rhode Island. And it is about a commercial fishermen, one I might have met during my boating life, and the vicissitudes they endure because of their love of the sea (the main one, just trying to make a living). Dick Pierce is not only a fisherman but he is a boat-builder as well and he is building the boat of his dreams, one that is to provide for his family but also one that he views as a work of art. Casey brings his environment to life, whether it is in the cockpit of a fishing boat, heaving off the seas of Block Island, or the back marshes of the New England coast. Casey's writing is achingly heartfelt and even though I am not yet quite finished with the novel (I have a tendency to drag out those novels I am enjoying the most), I know this one will want to bring me to Compass Rose soon after.
The other benefit of a long cruise is meeting other people, and some of the photos I posted show us with other couples, all of whom we enjoyed being with. They were from all walks of life, and I'll mention that among the men were Mike, who happens to live nearby, and who was in the publishing business so we had acquaintances in common, Jim, who was an attaché to Henry Kissinger, John, who owned a food distribution business and retired for many years to a French mill house in Bordeaux, and Aubrey, a riotous Englishman with a droll sense of humor who sold wigs for a living and whose hand shake was like a vice -- I had to actually ice my hand that evening if I ever hoped to play the piano again!
All in all, an interesting, memorable experience, topped off by the traditional water cannon salute that greets a new ship, as we entered the Port of Miami. As a lark, I thought I'd try to capture the moment using my non-video digital camera, the first time I ever used the feature. Had I known it was going to work as well as it would , I would have done a better job with composition and zooming, but, nonetheless, I posted it on YouTube (also my first).
No rock climbing walls, water slides, ice skating rinks, merry go rounds, etc. on the Marina. This ship was built to the exacting standards of adults who like some of the traditional touches reminiscent of what it was like to cruise in the halcyon days of trans Atlantic crossings, before jet travel almost destroyed the industry, and before Disney-like, mega ships made the cruise industry a mass market destination. (Think of the difference between Masterpiece Theater's recent Downton Abbey and the movie Rambo.) I will defer my comments on the details of the ship as they can be easily gleaned from Oceania's website.
My entry is about the voyage itself and what it meant to us. Our cruise began in Barcelona, the ship having just been delivered from an Italian shipyard, so we flew overnight from Atlanta to meet the ship. We had visited Barcelona before so decided to go directly to the ship this time, after a brief bus tour on the way, which took us past throngs of visitors to the unfinished church La Sagrada Familia by Catalan architect Anton Gaudi. They had opened the church free of charge to all that day and it seems like everyone in Barcelona was there to show their respect and express their awe.
After boarding the Marina, we quickly learned the distinction between a "maiden voyage" and an "inaugural cruise." Maiden voyage is AKA a shakedown cruise. There were dozens of subcontractors on board the ship and over breakfast one morning, one said to me, imagine you built a brand new house and just moved in. That is what a maiden voyage is like, attending to all the last minute details that, no matter how good the builder and the architect might be, are still waiting to be observed and tested.
Compound this by putting your "new house" on the ocean, and it becomes a self-contained city that must manufacture its own fresh water, handle waste, supply its own propulsion and electricity, etc, and then be able to deal with the potential vicissitudes of what the ocean might throw your way. He said that part of their presence on board was not only to help with whatever issues arose, but to educate the crew and officers. There were lectures each day being given by the subcontractors in a private boardroom. When you think about all that could go wrong, in retrospect it is adventuresome for passengers to book a maiden voyage, particularly one scheduled to cross the Atlantic, eight days of running new engines and systems 24x7.
It is also a floating hotel, new staff, new kitchens, new housekeeping facilities. We were surprised to learn that some of the new staff had never served on a ship before. A young man from South Africa admitted he had never been on water, so it was no surprise that it took him a couple of days to get his sea legs, especially as those days were so windy and rough (20 foot seas in the Med) that we were unable to dock at our first scheduled port of Malaga, so we headed back out to sea. I made it a point to regularly check with our young South African friend who was assigned to the dining room and the buffet to clear tables to see how he was getting along and as the seas calmed, he beamed more and more, especially looking forward to our ultimate destination of Miami. South Beach, here he comes!
Actually, if I had to point out one subtle aspect of the staff on board this new ship it was how they interacted with each other. Of course you expect them to be courteous and friendly to the passengers, but they also seemed to have a great esprit de corps, always smiling, helping the other. That is where the fine training of the Oceana line showed. The ship is also stately, traditionally designed, beautiful woods, and large windows to bring in the light. Nothing garish here, other than the Martini Bar, but that, too fit in with the theme.
I'll also briefly point out that the cuisine and service on board were excellent, four specialty restaurants to choose from at no additional charge. In fact, to make up for some of the minor inconveniences of the maiden voyage, Oceania served wine and cocktails at meals at no additional charge, something that was unexpected and appreciated by all.
Perhaps the worst seas were as we transited the Strait of Gibraltar, that narrow funnel connecting the Atlantic Ocean with the Mediterranean Sea, where the saltier Mediterranean works its way westward below the Atlantic's flow, the less dense and less saltier Atlantic flowing eastward. Add to that mix the 50 mile per hour winds at the time, and the seas built, with one particularly large wave that knocked everyone over who were sitting on heavy high backed stools at the piano bar (thankfully, there were no injuries). These seas gradually abated as we approached our second scheduled port (now our first), Casablanca, the economic (but not the political) capital of Morocco. Fortunately, the weather was nice for our tour of the city, although in the back of my mind was the Egyptian uprising which was then underway in Cairo, not to mention the Tunisian riots. However, the poverty in Morocco, at least what we saw, is not as oppressive as in other Arab countries. According to Matt Schumann of Morocco Board "Moroccans love stability." Everywhere, though, one can see photos and posters of the current King of Morocco, Mohammed VI.
Casablanca reminded me of parts of Istanbul, with a moderate Muslim population. One thing in common too is the beautiful Mosque in Casablanca, one of the largest in the world, the Hassan II Mosque, built to overlook the Atlantic ocean which can be seen through its huge glass floor. Between the Mosque and the courtyard it can accommodate over 100,000 worshipers. It has the tallest minaret in the world. We were allowed in part way. I was carrying around the sheet music of "As Time Goes By" hoping to play it at Rick's Cafe, which of course is merely a recreated version for silly American tourists such as myself (I think the cafe is now in its fourth iteration), the film of course having been entirely shot in a Hollywood studio, so I finally decided to defer a visit. Actually, my favorite part of the tour, other than the Mosque, was the central marketplace, where real life takes place in the heart of Casablanca.
An amusing sidelight was a quarrel between our tour guide and the bus driver as the bus approached an underpass on the busy streets of Casablanca. The bus had the option of avoiding the underpass by going up the side road, but that would have meant more traffic and he clearly wanted no part of that. The tour guide seemed to be warning the driver (in Moroccan Arabic of course) that there would not be enough clearance for the bus, so as the driver approached the underpass, he stopped the bus, got out, and eyeballed the heights of each, cars behind blaring their horns, and he made the executive decision to proceed (by that time he would have had to back out100 yards of highway with a multitude of cars behind, so it was an expedient decision). We slowly crawled forward, the bus driver's smile beaming as we proceeded without incident until the scraping and crunching of metal against cement reverberated throughout the bus. Recriminations and hysteria erupted between the two. I had visions of waiting hours for another bus, walking this exhaust-fumed filled tunnel in Casablanca. (Perhaps letting air out of the tires might help?) However, since we were able to transit part of the way in, logic had it that we might be able to back up (with a little crunching) which we did to the extent that cars behind allowed. A policeman finally showed up (lucky for us, but not for the bus driver as it turned out) and was able to halt traffic so we could make our slow backward escape and, when free, the bus was ordered to pull over so the poor driver could be cited. Not a good day for him.
Back to the ship, we disembarked for our next port, Santa Cruz de Tenerife, Spain, in the Canary Islands. Tenerife is a volcanic island, with black volcanic sand on some beaches, but also beautiful sandy beaches imported from nearby Africa's Saharan desert. Our tour took us to the Village of Taganana which is high in the Anaga mountain range, also stopping at Pico del Inglés with views of the northern part of the Anaga mountain range somewhat shrouded in mist. Here we sampled local wine, goat cheese and delicious olives which no one could stop eating. Finally, on the return to the ship we toured San Cristóbal de La Laguna, which used to be the capital of the Canary Islands in ancient times.
That evening the ship cast off her lines for the 3,500 mile trip across the southern Atlantic. Many on board were concerned that the rough seas of the past couple of days would shadow us, but this is the time of the year when that would be the exception in this part of the Atlantic and in the following days the seas calmed to the point I could have taken my old 15' Boston Whaler across without incident (other than trying to hold enough fuel!).
This was our third Atlantic crossing. The first one was in 1977 when we took the old QE2 across. I was attending the Frankfurt Book Fair but thought I'd bring Ann (and Jonathan, who had just learned to walk), first to London via the ship and then finally flying home. I was intent on making the journey once in my life just to experience this mode of transportation, taken by countless travelers for centuries before, that I thought would completely disappear, not foreseeing the days of an entirely new leisure cruise industry with numerous "repositioning" cruises across the oceans.
The QE2 cruise was interesting on the one hand and a disaster on the other. It was still in the days of classes. I remember going off to dinner, we to the second class restaurant, dressed up, but rather informally, while those in 1st Class were off to dine in their formal finery, buttoned up in their tuxedos and gowns. One of my publishing competitors was traveling that way. We respectfully nodded to each other, but of course that was the extent of it. Sort of like opposing WW I pilots saluting one another in the sky. I liked 2nd class! On the other hand, the trip was in October, with traditional fall storms forming and blowing across the Atlantic, and the stately old QE2 was not stabilized, so the ship rolled for days, to the point of everyone getting seasick. Our poor son, who had just learned to walk, had to relearn after disembarking.
Things have drastically changed in the leisure cruise industry. Oceania has tried to retain some of the niceties of cruise years gone by, such as afternoon tea, but of course, other aspects of cruising are more egalitarian (other than the size and position of one's cabin). Many cruise lines have made their ships destinations onto themselves, sort of like giant floating theme parks, definitely not for us.
So what does one do for eight days at sea? The ship provides all sorts of entertainment (at night) and activities by day. Also, as the days became warmer, the pool area became an attractive destination. One could always tell who lived in cold climates as they squeezed in as much sun time as possible. Many chose to play games, bridge being popular and now Mah Jong as well (Ann being one of the movers and shakers organizing games each day, sometimes winning as much as $2.00!) She also attended the "Bon AppĂ©tit Culinary Center" so she could learn to cook the “finest cuisine at sea” and, indeed, the food on the Marina was 5 star in every dining venue. I started each day in the well-equipped gym with a half-hour on the treadmill. I was amused that according to the calorie read out, I burned enough to justify the prior evening's dessert.
We both liked to attend the lectures given by the Oceanographer who was traveling with us, Dr. Stuart Nelson. I've heard him speak before on another Oceania cruise, but as Ann says, he could read the phone book and be interesting.
But mostly during the languid afternoons, I'd find a quiet nook, or sit on the balcony of our room, watching the Ocean gently roll by, reading my books, almost finishing four novels during that period, two of which I brought and other two from the ship's library. So my literary friends for the journey were Canin, Shreve, Walter, and Casey.
The first one I read was America America by Ethan Canin. It was recommended by a good friend whose daughter knows the author, who teaches at Iowa writer's workshop, the same one where Carver, Cheever, and Irving have taught, some of my favorite authors. Canin was a discovery for me, reminding me very much of some of my other favorite writers such as Richard Russo and Russell Banks, with upstate northeast small town and family dynamic themes. It is also a coming of age novel, with shadows of Fitzgerald's Gatsby and its American dream focus (from which the novel derives its bold title) -- glimpses into the upper classes with the reminder that behind every great fortune is a great sin. Shifts in chronology make it interesting reading as well and sometimes I felt I was reading a novel that was indeed designed by a teacher, but a VERY good one, and I look forward to the future work of Ethan Canin.
I discovered Anita Shreve's Rescue in the ship's library and as I like her writing, in particular the Weight of Water, Pilot's Wife, Sea Glass, and Body Surfing, I snapped up the copy while I was finishing America America. Rescue comes uncomfortably close to my personal life, not that I was an EMT, but married early, "rescuing" not only my first wife, but myself. It is about codependency and dysfunctional families and alcoholism, but it too is a coming of age novel, the two main characters becoming what they were meant to be in the end. It is a very sparse novel, written in typical fluid Shreve style, with a sense of immediacy. This is not a novel to be read for the plot. It's all about the characters and the writing.
So, finishing that book I calculated that I'd finish the other novel I had brought (more on that later) so I panicked as the other novels I had seen in the ship's library -- at least those that I might have been interested in reading -- I had already read, but then I came across an unexpected treasure, The Financial Lives of the Poets by Jess Walter. I'm wary reading books by the "younger generation" although I have a high regard for Jonathan Franzen's works -- who was born when I was graduating from high school. Jess Walter is even younger than Franzen, a Generation Xer, but I was intrigued by the title and the fact that Richard Russo wrote a brief testimonial which was conspicuous on the jacket. I trust Russo: "When it comes to explaining to me my own too often baffling nation, there's no one writing today whom I trust as completely as Jess Walter. His intelligence and sympathy and great wit inform every page--indeed every sentence--of his terrific new novel, The Financial Lives of the Poets.". That was enough for me to give it a try, and I am glad I did. (As I publisher, I was always dubious about the effectiveness of testimonial blurbs -- but they obviously work!)
This is a very funny but tragic book, a look at the financial debacle of the past few years and its impact on the main character, Matt Prior who had quit his job at the height of the financial boom to start a business web site that was to report news in verse, called Poetfolio.com. He had borrowed to start his business while his wife became a compulsive shopper on EBay trying to resell petty merchandise at a profit ("everyone else is doing it!") and before they knew it their family, consisting of them, their two sons and Matt's increasingly senile father who is now living in their home, become embroiled in a financial nightmare. It is told, though, with the skill of Joseph Heller's Catch 22, updated for the dot.com world. Like Rescue, it is about some poor choices, but redemption is found at the end. It is a totally imaginative novel, one that seems so natural even though it is so satiric. In addition to Ethan Canin, I will be watching out for Jess Walter's future works.
Finally, I turned to the other novel I brought with me, John Casey's Spartina. I wanted to read this before Casey's sequel, Compass Rose, and also because it was a National Book Award–winning book. I was immediately drawn in because it is about the sea, and, in particular, an area we had regularly traversed in our own boat -- the waters off of Rhode Island. And it is about a commercial fishermen, one I might have met during my boating life, and the vicissitudes they endure because of their love of the sea (the main one, just trying to make a living). Dick Pierce is not only a fisherman but he is a boat-builder as well and he is building the boat of his dreams, one that is to provide for his family but also one that he views as a work of art. Casey brings his environment to life, whether it is in the cockpit of a fishing boat, heaving off the seas of Block Island, or the back marshes of the New England coast. Casey's writing is achingly heartfelt and even though I am not yet quite finished with the novel (I have a tendency to drag out those novels I am enjoying the most), I know this one will want to bring me to Compass Rose soon after.
The other benefit of a long cruise is meeting other people, and some of the photos I posted show us with other couples, all of whom we enjoyed being with. They were from all walks of life, and I'll mention that among the men were Mike, who happens to live nearby, and who was in the publishing business so we had acquaintances in common, Jim, who was an attaché to Henry Kissinger, John, who owned a food distribution business and retired for many years to a French mill house in Bordeaux, and Aubrey, a riotous Englishman with a droll sense of humor who sold wigs for a living and whose hand shake was like a vice -- I had to actually ice my hand that evening if I ever hoped to play the piano again!
All in all, an interesting, memorable experience, topped off by the traditional water cannon salute that greets a new ship, as we entered the Port of Miami. As a lark, I thought I'd try to capture the moment using my non-video digital camera, the first time I ever used the feature. Had I known it was going to work as well as it would , I would have done a better job with composition and zooming, but, nonetheless, I posted it on YouTube (also my first).
Thursday, January 20, 2011
Why Do This?
When I published my 100th blog entry, less than two years ago, I wrote a piece about why I write this blog and now that I recently posted my 200th entry, I thought it might be interesting to revisit the topic.
Nothing has really changed in terms of why I spend some of my time this way. Clearly, it is for my own benefit and the fact that along the way I've had thousands of visits to my blog, is gratifying but incidental to "the mission." How do they arrive here? Some friends tell me they visit (while others pointedly say they never have as they don't "do" that sort of thing, which is ok with me too). But mainly, people land here from Google searches, some from Google Images as I frequently include photographs with my entries even though they may not be called for by the piece.
Long ago I decided not to activate a comments feature on the blog as it was not my objective to get involved in public discourse. However, there is an email address in my profile and from time to time I receive email about my pieces, particularly the more political and economic ones where I have a viewpoint and recognize that others have their own and I have always responded. My favorite email though was from the adult daughter of a friend of mine I mentioned in a blog, she saying "It's always so eye-opening to see your parents in a different light....I was extremely touched by your piece....[and] thank you for sharing that. It meant a lot to me." Even though I mostly write for myself, it is nice to know that some of what I do in these virtual pages might benefit or interest others.
Barry Ritholtz who has been blogging for more than ten years under the rubric The Big Picture, recently wrote an interesting piece on why people might blog, and I was fascinated by his observation that his own blog would be the same whether 100 people visited it or 100,000 daily. Clearly his visits would be closer to the latter and mine to the former as his blog is financially oriented and he is well-known in his field.
But, we have many of the same reasons (not all) to blog, and here are his:
1. You have something to say
2. You enjoy the craft of writing
3. You want to figure out what you think, and do so in public
4. You want to be part of a larger community of like minded individuals
5. You have a hobby or interest that you are really, really into
6. You want to maintain a presence on the Intertubes
7. You have an expertise and you want to share it
8. You have an eye for content (text, graphics and video) and you enjoy leading other people to them
9. You want to create a permanent online record of what you are reading, looking at or thinking about
10. You like engaging in debate with total strangers
The first three would be among my major reasons for doing this, although the others, except for the last, enter the equation as well. I guess I would have to add family history to the mix too.
In regard to "making an online record," I finally figured out how to get a PDF onto Google Sites so this is a link to a 1984 Publisher's Weekly article during my salad days. It is amusing (to me) to read about my vision of specialized publishing at the time and what the future might hold. It is pre-World Wide Web, so it has to be taken in that context. It was also amusing to share that particular issue with "Mr. T."
So, on to the next hundred, but for a while I am taking a break.
.
Nothing has really changed in terms of why I spend some of my time this way. Clearly, it is for my own benefit and the fact that along the way I've had thousands of visits to my blog, is gratifying but incidental to "the mission." How do they arrive here? Some friends tell me they visit (while others pointedly say they never have as they don't "do" that sort of thing, which is ok with me too). But mainly, people land here from Google searches, some from Google Images as I frequently include photographs with my entries even though they may not be called for by the piece.
Long ago I decided not to activate a comments feature on the blog as it was not my objective to get involved in public discourse. However, there is an email address in my profile and from time to time I receive email about my pieces, particularly the more political and economic ones where I have a viewpoint and recognize that others have their own and I have always responded. My favorite email though was from the adult daughter of a friend of mine I mentioned in a blog, she saying "It's always so eye-opening to see your parents in a different light....I was extremely touched by your piece....[and] thank you for sharing that. It meant a lot to me." Even though I mostly write for myself, it is nice to know that some of what I do in these virtual pages might benefit or interest others.
Barry Ritholtz who has been blogging for more than ten years under the rubric The Big Picture, recently wrote an interesting piece on why people might blog, and I was fascinated by his observation that his own blog would be the same whether 100 people visited it or 100,000 daily. Clearly his visits would be closer to the latter and mine to the former as his blog is financially oriented and he is well-known in his field.
But, we have many of the same reasons (not all) to blog, and here are his:
1. You have something to say
2. You enjoy the craft of writing
3. You want to figure out what you think, and do so in public
4. You want to be part of a larger community of like minded individuals
5. You have a hobby or interest that you are really, really into
6. You want to maintain a presence on the Intertubes
7. You have an expertise and you want to share it
8. You have an eye for content (text, graphics and video) and you enjoy leading other people to them
9. You want to create a permanent online record of what you are reading, looking at or thinking about
10. You like engaging in debate with total strangers
The first three would be among my major reasons for doing this, although the others, except for the last, enter the equation as well. I guess I would have to add family history to the mix too.
In regard to "making an online record," I finally figured out how to get a PDF onto Google Sites so this is a link to a 1984 Publisher's Weekly article during my salad days. It is amusing (to me) to read about my vision of specialized publishing at the time and what the future might hold. It is pre-World Wide Web, so it has to be taken in that context. It was also amusing to share that particular issue with "Mr. T."
So, on to the next hundred, but for a while I am taking a break.
.
Wednesday, January 19, 2011
Finishing the Hat Redux
Finished Sondheim's book Finishing the Hat but his melody lingers on.
The title of the book is a song title he wrote for Sunday in the Park With George (George Seurat, the Pointillist painter) and although that musical is after the cut off for this first volume of his "Collected Lyrics with Attendant Comments, Principles, Heresies, Grudges, Whines and Anecdotes," he says it is “the only song I’ve written which is an immediate expression of a personal internal experience.” And that experience is about what it means to create a work of art, "That, however you live, / There's a part of you always standing by, / Mapping out the sky, / Finishing a hat... / Starting on a hat../ Finishing a hat... / Look, I made a hat.../ Where there never was a hat."
Although now eighty years old, Sondheim still seems to be blazing new trails, with this book and the eagerly anticipated sequel which will cover the balance of his career and his continuing observations on Broadway colleagues and collaborators. (One of his criticisms of his mentor, Oscar Hammerstein -- and Richard Rodgers as well --- is that at a certain point in their careers, they no longer progressed, writing their musicals with a certain formula. Sondheim allows no grass to grow under his feet!) I began this "review" (on a very personal level) before completing this first published volume, unable to contain my enthusiasm.
So I now pick up with Little Night Music "suggested" by Ingmar Bergman's Smiles of a Summer Night. Sondheim says it gave him the opportunity to organize a musical around his favorite musical form, theme and variations, in which a theme is presented, and then follows various changes to that theme, either in key, harmony, orchestration or a more complicated musical variation to the theme which might even be unrecognizable, with a coda which usually repeats the theme in some way. His description of his meeting with Ingmar Bergman a year after Little Night Music opened, to discuss a possible collaboration on another project is priceless. Sondheim said to him: "...I have to know what you thought of the show, and please don't hesitate to tell me whatever you feel, as I have a very thick skin and I know our version is lightweight and doesn't begin to convey the depths of your movie....I'm sure I went babbling on a good deal longer, but he graciously cut me off. 'No, no, Mr. Sondheim, please. I enjoyed the evening very much. Your piece has nothing to do with my movies, it merely has the same story.' I thought: only someone with that understanding and generosity would realize, must less say, such a thing. and then came the kicker: 'After all, we all eat from the same cake.'"
Sondheim's most recorded song (over five hundred) is from this show, "Send in the Clowns." Paraphrasing Sondheim, it used to be the song, not the singer that made a song, but in this pop generation, it's now the singer (or song group) not the song. It was amazing to him that the song won the Grammy Award of the Song of the Year in 1975, the last song to do so from a musical. Per Sondheim, "The success of 'Send in the Clowns' is still a mystery to me."
The Frogs, with which I was completely unfamiliar, is an experimental piece he was asked to write for the Yale Repertory Theater, "one of the most deeply unpleasant professional experiences I've ever had." The producer was one of the worst kind: "the academic amateur." But he admits "it offered me a chance to harangue an audience, to use a chorus a cappella to make sound effects, to write massed choral music, and to indulge in vulgarity, adolescent humor and moral preachment, just like Aristophanes."
With his Pacific Overtures Sondheim moved to a new level in his fusion of music and lyric, using the structure of Haiku poetry in his lyrics, his dedication to the principle that "less is more." I've never seen Pacific Overtures although Ann had when it first opened on Broadway and when I asked her what she thought, she said that at the time it was so different from anything else she had seen, she didn't know what to think other than she knew it was a work of genius.
It is all part of Sondheim's quest to "finish the hat." In this musical Sondheim has the opportunity, however, to "thumb his nose" at Gilbert (of Gilbert and Sullivan) with a piece from the show "Please Hello": As he said, "I...would like to point out with suitable pride that the lyric is historically accurate as an account not only of the succession of arrivals but of the specifics of each country's demands. The music, unsurprisingly, is a series of pastiches: Sousa march, Gilbert and Sullivan patter, Dutch clog dance, Russian dirge and French can-can. In the interests of thumbing my nose at Gilbert, I summoned up a meticulous series of inner rhymes without distorting syntax, syntax distortion being a feature excused by his fans as part of his style, but something which I deplore, as I deplore it in Hart, Gershwin and Coward."
Ann & I were at a dinner party and we were talking about Sondheim's next work in the book, Sweeny Todd, and I was surprised by their unanimous abhorrence of the musical. Although I understand an aversion to some of the gruesome scenes, I think they were simply not getting it, lyrics and music perfectly synchronized, one existing for the other. Perhaps it is because unlike the classic musicals of Rodgers and Hammerstein, some Sondheim musicals do not let you merrily exit afterwards humming the melodies. But Sondheim haunts and certainly his love of suspense music, the macabre, and his less than sympathetic view of mankind (Rodgers and Hammerstein's musicals always ending on an uplifting note in spite of any darkness that might inhabit part of their musicals), comes through in Sweeny Todd, off-putting to the audience in its graphic violence, "blood" even spurting as far as the orchestra pit in some performances. How can an audience which loves an Rodgers and Hammerstein's buoyantly optimistic "There's a bright golden haze on the meadow" reconcile itself to Sondheim's bleak "There's a hole in the world / Like a great black pit / And it's filled with people / Who are filled with shit"?
Sondheim describes the work as a "dark operetta" and really a "movie set for a stage" so it is no wonder that Tim Burton's translation of the musical to screen starring Johnny Depp and Helena Bonham Carter is considered (by Sondheim) to be the most successful adaptation of one of his works for the silver screen. The movie is remarkable as neither Depp or Carter had ever sung before. Singing Sondheim is difficult enough for trained singers as his lyrics come fast and furious in many songs with few spells for breathing. In fact, the DVD edition of the movie is the perfect way to see Sweeny Todd, turning on English subtitles, sort of like reading the libretto of an opera while the performance is underway. It's the best method of fully appreciating what Sondheim accomplishes with this and his other opera-like musicals.
Finishing the Hat concludes with his Merrily We Roll Along, which reminds me a little of Company, as it is a contemporary urban piece, also about friendships, and somewhat autobiographical as it concerns a songwriter. ("In my heyday as a young songwriter, I played many requests at many parties through the short attention span of the requesters and suffered many opinions of producers and directors who felt that their credentials demanded that they have something critical to say.") Although there are memorable pieces in the musical, it closed after only a handful of performances, but with subsequent revivals, Sondheim tweaked it over the years.
The time line of the play is in reverse as our songwriter (Frank) devolves from being a rich Hollywood type to his beginnings on Broadway. It has one of my favorite Sondheim songs, "Not a Day Goes By" sung with two different meanings, first as Frank's final plea of love when his wife wants to divorce him and then in a reprise as a love song on their wedding day. Because of the reverse time line, it is the complete opposite of the usual reprise (think of Rodgers and Hammerstein's "People Will Say We're in Love" or "If I Loved You").
"Not a Day Goes By" is one of the many pieces I regularly perform by Sondheim. Although his music is best appreciated with his lyrics, that song reminds me of the other wonderfu,l frequently melodic, pieces by him that I enjoy playing as piano solos. True, there are others that do not work as solos, but I think Sondheim gets a bad rap for not being melodic. As I play mostly from "fake books" (which provide melody and chords and it is left to the pianist to improvise everything else) I have limited choices of Sondheim pieces. Still, there are many in my repertoire. Sondheim confesses a penchant for "list songs" (as do many other lyricists, think again of Rodgers and Hammerstein's "My Favorite Things" from Sound of Music which we just saw brilliantly performed at the Maltz Jupiter Theatre) and so, I am concluding with my own list, those Sondheim songs that I like to perform, all from The Ultimate Broadway Fake Book .....
Anyone Can Whistle (Anyone Can Whistle)
Being Alive (Company)
Broadway Baby (Follies)
Company (Company)
Good Thing Going (Merrily We Roll Along)
I'm Still Here (Follies)
In Buddy's Eyes (Follies)
Johanna (Sweeny Todd)
Little Night Music (Little Night Music)
The Little Things We Do Together (Company)
Losing My Mind (Follies)
Not a Day Goes By (Merrily We Roll Along)
Not While I'm Around (Sweeny Todd)
Pretty Women (Sweeny Todd)
Remember? (Little Night Music)
Send in the Clowns (Little Night Music)
Side By Side By Side (Company)
Someone is Waiting (Company)
Sorry-Grateful (Company)
Waiting for the Girls Upstairs (Follies)
Who's That Woman? (Follies)
You Could Drive A Person Crazy (Company)
Wednesday, January 12, 2011
American Dream Diminished
Owning a home was once a cornerstone of the American Dream. Go to school, work hard, get married, buy a home with a mortgage, have children, try to give them better opportunities than you had, work hard some more to pay off the mortgage, retire and do the things you couldn't do while you were working. It all sounds prosaic now, even old fashioned, but I suppose if I had to describe my life in a few words, that description would be a rough outline. Lucky for me, I loved my work so I never thought a moment about following just about the same blueprint as did my parents.
They were children of the Great Depression and after the war, the urge to own a home was overwhelming, a symbol of financial security and success. Levittown became the poster child for postwar suburbs throughout the country, and upon my father's return from WWII, they immediately bought their first house, around the corner from my grandparents' home, and blocks from my other grandparents, in Richmond Hill (borough of Queens in NYC). I think they paid less than $5,000 (this is 1946 mind you) and we lived there until I was 13 when we moved to a larger home, in a "better section" of the same community. Both homes still stand today, remarkably unchanged as these photos from Google Street Views attest. Those were the only homes they owned during their entire lifetimes.
By comparison, our home-owning has been more prolific (and equally remarkable, our past homes have been renovated to such a degree they are now nearly unrecognizable). After renting apartments in Brooklyn and the upper West Side of Manhattan, we finally ultimately moved to Connecticut where I was then working, first renting a small house in Westport, and then finally buying our first home which was almost across the street from where we were renting. It was 1971, the beginning of a steady increase in real estate prices and by 1974 we sold that first home and moved into a larger one in neighboring Weston where we lived for the next 22 years and raised our family.
The 1990s saw a moderation of real estate prices -- even a decline in some areas. It was the time of the savings and loan crisis, but with our children out on their own or off to college, our two acre home in Weston seemed unnecessary and we wanted a home in a "neighborhood" and by the water, so we sold and bought a 100 year old cape on the Norwalk River in East Norwalk. We thought that might be our home for the rest of our lives but, unexpectedly, my working life was at its end four years later and that is when we decided to move to Florida, the fourth home we've owned and, who knows, perhaps our last.
But, someplace along the way, the American Dream of home owning has become an American Nightmare. Foreclosures and the federal takeover of Fannie Mae and Freddie Mac are just ongoing symptoms of the developing crisis that has stemmed from the housing bubble of 2000-2007, mortgages being eagerly issued by banks with zero down to less than credit-worthy buyers, or to those in the "business" of flipping homes for profit, these loans condoned or even mandated by government. This activity and Wall Street's eagerness to cash in by taking inappropriate subprime loans and rolling them into exotic collateralized mortgage obligations, "rated" AAA by another accomplice in this crime against the American Dream, the rating agencies, conning investors into thinking they were getting a "guaranteed" return on a "riskless" investment, fueled the fire.
Also complicit is the Federal Reserve. By addressing the crisis with "Quantitative Easing" the Federal Reserve has postponed the day of reckoning. By Federal Reserve Chairman Ben Bernanke's own admission in a November 2010 Washington Post opinion piece, it is the "wealth effect" of past QE's that has contributed to the stock market's recovery, saying "higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending." This Fed induced bubble simply accelerates the "boom bust cycle," one that may end ugly when 'the can' can no longer be kicked down the road.
We all see the macro effects of QE, the rise in speculative investments, animal spirits being drawn out by low interest rates, a surge in commodity prices (of which there are relatively fixed amounts in relation to monetary creation out of thin air) but the gorilla in the room is our state and local governments. There has been a sudden flood of articles about their failing finances; a Google search will unleash an avalanche of them and I've written about this before as well.
In a nutshell, our state and local governments have promised too much in their pension obligations and now that the revenue tide is running against them with lower property tax revenues from falling real estate prices and foreclosures, not to mention their poor fiscal habit of financing certain projects with the assumption there will always be the opportunity to roll over debt with more debt in the future, the homeowner finds himself in the crosshairs. The cavalry of the Federal Reserve which rode to the rescue of banks and AIG has decided to leave municipalities and homeowners to their own devices, Bernanke saying "we have no expectation or intention to get involved in state and local finance. [States] should not expect loans from the Fed."
Consequently, it is now a vicious cycle, lower property values begetting a smaller pie for municipalities, which results in millage increases being levied by local taxing authorities, which in turn results in still lower property values. Being a homeowner today leaves one obligated to share in the past profligacy and poor planning of one's local government. Many would have difficulty selling their homes at any price to escape this obligation, turning the American dream of home owning into a nightmare.
They were children of the Great Depression and after the war, the urge to own a home was overwhelming, a symbol of financial security and success. Levittown became the poster child for postwar suburbs throughout the country, and upon my father's return from WWII, they immediately bought their first house, around the corner from my grandparents' home, and blocks from my other grandparents, in Richmond Hill (borough of Queens in NYC). I think they paid less than $5,000 (this is 1946 mind you) and we lived there until I was 13 when we moved to a larger home, in a "better section" of the same community. Both homes still stand today, remarkably unchanged as these photos from Google Street Views attest. Those were the only homes they owned during their entire lifetimes.
By comparison, our home-owning has been more prolific (and equally remarkable, our past homes have been renovated to such a degree they are now nearly unrecognizable). After renting apartments in Brooklyn and the upper West Side of Manhattan, we finally ultimately moved to Connecticut where I was then working, first renting a small house in Westport, and then finally buying our first home which was almost across the street from where we were renting. It was 1971, the beginning of a steady increase in real estate prices and by 1974 we sold that first home and moved into a larger one in neighboring Weston where we lived for the next 22 years and raised our family.
The 1990s saw a moderation of real estate prices -- even a decline in some areas. It was the time of the savings and loan crisis, but with our children out on their own or off to college, our two acre home in Weston seemed unnecessary and we wanted a home in a "neighborhood" and by the water, so we sold and bought a 100 year old cape on the Norwalk River in East Norwalk. We thought that might be our home for the rest of our lives but, unexpectedly, my working life was at its end four years later and that is when we decided to move to Florida, the fourth home we've owned and, who knows, perhaps our last.
But, someplace along the way, the American Dream of home owning has become an American Nightmare. Foreclosures and the federal takeover of Fannie Mae and Freddie Mac are just ongoing symptoms of the developing crisis that has stemmed from the housing bubble of 2000-2007, mortgages being eagerly issued by banks with zero down to less than credit-worthy buyers, or to those in the "business" of flipping homes for profit, these loans condoned or even mandated by government. This activity and Wall Street's eagerness to cash in by taking inappropriate subprime loans and rolling them into exotic collateralized mortgage obligations, "rated" AAA by another accomplice in this crime against the American Dream, the rating agencies, conning investors into thinking they were getting a "guaranteed" return on a "riskless" investment, fueled the fire.
Also complicit is the Federal Reserve. By addressing the crisis with "Quantitative Easing" the Federal Reserve has postponed the day of reckoning. By Federal Reserve Chairman Ben Bernanke's own admission in a November 2010 Washington Post opinion piece, it is the "wealth effect" of past QE's that has contributed to the stock market's recovery, saying "higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending." This Fed induced bubble simply accelerates the "boom bust cycle," one that may end ugly when 'the can' can no longer be kicked down the road.
We all see the macro effects of QE, the rise in speculative investments, animal spirits being drawn out by low interest rates, a surge in commodity prices (of which there are relatively fixed amounts in relation to monetary creation out of thin air) but the gorilla in the room is our state and local governments. There has been a sudden flood of articles about their failing finances; a Google search will unleash an avalanche of them and I've written about this before as well.
In a nutshell, our state and local governments have promised too much in their pension obligations and now that the revenue tide is running against them with lower property tax revenues from falling real estate prices and foreclosures, not to mention their poor fiscal habit of financing certain projects with the assumption there will always be the opportunity to roll over debt with more debt in the future, the homeowner finds himself in the crosshairs. The cavalry of the Federal Reserve which rode to the rescue of banks and AIG has decided to leave municipalities and homeowners to their own devices, Bernanke saying "we have no expectation or intention to get involved in state and local finance. [States] should not expect loans from the Fed."
Consequently, it is now a vicious cycle, lower property values begetting a smaller pie for municipalities, which results in millage increases being levied by local taxing authorities, which in turn results in still lower property values. Being a homeowner today leaves one obligated to share in the past profligacy and poor planning of one's local government. Many would have difficulty selling their homes at any price to escape this obligation, turning the American dream of home owning into a nightmare.
Monday, January 10, 2011
Pelican on a Piling
It might be the silliest and saddest looking bird we regularly see in South Florida, seen resting here on a piling of our dock this morning, but the Pelican has a certain beauty, especially when it cruises only feet above the water, suddenly climbs and then dives into the water, tucking its wings at the last moment to turn its inelegant body almost into an arrow, taking a fish into its beak.
Saturday, January 8, 2011
Dawn Rises on a Fresh Snow
As much as I generally do not miss the winters in the Northeast, there is that magical time when the snow is still pristine and the stillness of the dawn arrives, that a certain majesty of nature's creation is in evidence. Luckily, sites like WestportNow.com capture such moments in their photographs, and here is an exceptional one they posted today of Westport's Compo Beach (CT).
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