Friday, September 30, 2011

The Fed's "Operation Twist"

The Federal Reserve Bank recently launched "Operation Twist," a scheme apparently intended to keep the world safe for money. According to the Financial Times, the Fed's initiative plans to lower interest rates through buying and selling nearly $44 billion in US Treasuries. The idea is to "twist" the relationship between short and long-term interest rates, so that borrowing costs (especially for home mortgages) are lowered.

We'll see. In the meantime, if you're experiencing some heartburn over the cost of money, I suggest taking your troubles off your mind. Try a 60s approach to relaxation via the great Chubby Checker singing and doin' the real Twist. Here's a YouTube video of Chubby singing the famous tune on the Dick Clark Show. The clip is great fun: black & white, lip synched, and has screaming fans clapping in time with the music.

I once worked in a resort hotel kitchen where Checker was the main act. By that time, he lived in a very large house on the Main Line outside his native city of Philadelphia. Chubby walked through the kitchen and insisted that everyone working the line was to be treated well. I've always appreciated that moment, and I've kept an original LP of "The Twist" in my vinyl collection (yes, I have one).

The image shows the cover of the "Twister" game that the toy maker Hasbro produced a half-century ago. Somehow, the notion of "Twister" doesn't seem the best way to straighten out an economy that's tied up in knots.

Wednesday, September 28, 2011

Ukraine May Join Euro-Bankruptcy Conga Line

Ukraine, whose dodgy economy has lead to a sovereign debt crisis, may be facing bankruptcy. The blog Zero Hedge reported that the former Soviet nation might not be able to make its next major loan repayment. When one adds Ukraine to a "we're broke" club that includes Greece, Portugal, Ireland, Belarus, Spain and probably Italy, you've got trouble my friends, right here in River City.

Tuesday, September 27, 2011

Sly Stone Living in a Van in Los Angeles

The one and only Sly Stone, the man who wants to take you higher, is living these days in LA. If the story stopped there, you might assume he would have a Beverly Hills address. Unfortunately, the story continues. Two New York Post contributors recently caught up with Sly at his current residence: a van. He parks the vehicle in a South Central neighborhood and that's where he lives. Sly gets one meal per day, and the opportunity to shower, thanks to a retired couple who own a home there. (Their son works as Sly's driver and assistant.)

The story, which provides a summary of the musician's highs and lows, is tough stuff. For fans of Stone's vital, funky music, it's necessary reading.

Monday, September 26, 2011

The TV Show "Pan Am," "Stew Zoos," and the Golden Age of Passenger Jet Travel

Last night, my wife wanted to watch the new TV series Pan Am. I admit I did, too. My reason was simple and straightforward: I wanted to see the stewardesses. Well, I have to say they looked pretty damn good in HD. They looked just like Playboy bunnies, except the uniforms gave them an aura of bourgeois sanction.

Pan Am did provide a sense of how the period imbued jet travel with glamor and formality. That effect, including the upscale accommodations the crew enjoyed in London, was spot on. The premiere episode didn't go into the nuances of the first class cabin service, which in its day really tried to deliver a deluxe travel experience. That way of flying has largely vanished in the decades following the 1960s, when Pan Am is set.

I have some perspective on that time. When my family moved to New York, we lived in an apartment building known as a "stew zoo." In those days, flight attendants were female and were known as "stewardesses." Outside of presumed sexual availability, there was little that was "liberated" or "liberating" about being a "stew." My mom knew some stewardesses who lived next door to us. She became quite friendly with one who eventually became the survivor among her roommates. The stewardess's background fit the profile of her roommates, and from what we later learned, most stews.

My mom's friend, Judy, came from a small town. If she had attended college, it wasn't for long. She joined the airline (not Pan Am, by the way) so she could see the world and have adventures. She accomplished both goals, and eventually happily married a New York accountant whose client list included a high-profile name. However, the day-in, day-out stew life was a harsh grind, even for a very determined, very game Judy. She routinely had 4:00 am wake-up calls. She had to log eighty hours of flight time per month. Now, if you were on the glam Pan Am international routes, that schedule was manageable and even pleasant. If you were working domestic flights, it was a real drag. You worked hard, and you discovered very quickly that two hours and fifteen minutes in the air could be the longest two-fifteen in your life. And there's nowhere to hide at 33,000 feet.

Those conditions broke all of Judy's three roommates. Within six months, two of the roommates quit; the third didn't last much longer. That meant Judy was stuck paying the rent for an apartment which the original four stews could barely swing together. There were some grim days, including Judy living on (one) potato soup. My mom found out and fed her; Judy was proud, but also grateful for my mother's gesture. (For a time, Judy was like the daughter my mother never had.) My mom also looked in on Judy when she was sick. Illness was a stew's nightmare, as she would lose time and pay when she didn't work the cabins in the sky.

Judy gave us an insider's look at "glamorous" flying. We also had a passenger's perspective on it, courtesy of my father. My parents and I moved to New York, because my dad got a job with a petroleum company that involved extensive international travel. My father flew a lot, and he enjoyed it. My dad smoked in those days, and he would bring home monogrammed matches the airline gave him. (Those were the days when a first class ticket entitled the passenger to far more than today's free baggage allowances and inferior food.) Ironically, two of the better international airlines in that era were Pan Am and TWA. Both have been kaput for years -- except in the fantasyland known as the Fall 2011 television season.

Sunday, September 25, 2011

"The Life and Death of Buildings" Photography Exhibit

Zhang Dali, Demolition, World Financial Center, Beijing. 1998
What is a building's "life"? What is the context of its "death"? "The Life and Death of Buildings," a splendid photography show at the Princeton University Art Museum, usefully and interestingly explores these and other themes. The exhibit generally avoids dense, wordy specialist schemes and projects its inquiry in plain English. The ideas presented consequently mesh nicely with the excellent selection of images. Some photographers in the show, such as Berenice Abbott and Aaron Siskind, are well known. Others, including Danny Lyon, have far less notoriety with general audiences.

One aspect of the show I liked was how it offered credit to master printer Chuck Kelton. He's well known and appreciated in the photography world for his wonderful darkroom wizardry. Some of Danny Lyon's work at Princeton included Kelton's touch.

The museum's website provides an excellent overview of the show, links to some of the photographers, and links to "related" work from artists not included in the exhibit proper.

If you live in the New York-Philadelphia axis, "The Life and Death of Buildings" is definitely worth the trip. (The show closes on November 6th.) Best of all, the museum, including its exquisite collection of antique art and Asian art, is free.

Saturday, September 24, 2011

$3.6 Million Florida Marlins Pitcher Used False Name, Rigged Documentation For Years

What's in a name? For Juan Carlos Oviedo, this was no mere philosophical question. At the time, the 16-year-old Dominican baseball prospect had the right stuff, except one essential qualification. He was a year outside the big contract money. So, as with many resourceful or desperate wannabe peloteros, Oviedo did the practical thing. Probably through his trainer,  he obtained a fraudulent birth certificate and a new name. And just like that, the former Juan Carlos Oviedo became Leo Nunez.

It turned out Nunez had a 3.6 million dollar arm. His most recent team, the Florida Marlins, spoke highly of his character. The team also discovered that Nunez was really Oviedo. There was another issue that finally forced Oviedo out into the open: funerals.

According to the Miami Herald, the Dominican consul general noted that the player "told human stories of family members who had died and he could not go to the funeral under the name Juan Carlos Oviedo, because everyone in the Dominican Republic knows him as Leo Nunez..."He couldn't just show up at the wake as the relative of some Oviedo. That would be a problem."

Yes, a problem. The story, not exactly unusual in Major League Baseball, is a good one. Here's the link to it.

Friday, September 23, 2011

Goodbye to Forest Hills

My aunt Mary Farrell passed away earlier this week. I don't know her exact age; she was in her early 90s when she died. As my mother's last surviving sibling, Aunt Mary's passing was the end of a generation, and everyone attending last night's wake for her knew it.

The wake took place in Forest Hills, not far from the house where Aunt Mary lived virtually her entire life. My aunt was completely and totally a New Yorker. It was a spirit that I loved. Her warm, easy sense of humor melted me. I adored my aunt's roast beef dinners, Sunday meals with two kinds of potatoes, and festive holiday table. Her soft spot for domestic animals generated a number of stories good for laughs at the family dinner table. At one point, Aunt Mary had a massive St. Bernard, two dark cats named Abbott and Costello, and a parakeet living under the same roof. The dog and the cats got along, but the bird had some ultimately terminal issues with one of the felines.

These and many other memories of my aunt are ones I treasure and will keep with me. However, for Forest Hills itself, the "goodbye" was permanent. I had lived in Forest Hills during my pre-teen and teen years.  Once I went to college, I rarely returned there. Last night, I took one last look at the neighborhood's atmospheric, charming Tudor-style homes and said "goodbye," fully understanding I would never go back there.

The photo shows the Long Island Railroad station platform in Forest Hills, with the former Forest Hills Inn behind it.

Wednesday, September 21, 2011

3D Coming to a YouTube Near You

An LA Times report today noted that YouTube is testing 3D technology for its service. The story noted that "consumers" will need 3D glasses to view anything. Now, if you happen to have a 3D camera at home....

Tuesday, September 20, 2011

Redheads Frozen Out of World's Largest Sperm Bank

A proudly redheaded Julianne Moore
Redheads just don't get enough respect. The situation has reached the point of a possible genetic crisis. The world's largest sperm bank, according to a story in the UK newspaper The Telegraph,  has effectively shut its doors to redheads. The Danish bank's owner cited a lack of demand for carrot tops and other varieties of red hair. The exception is Ireland, which apparently welcomes the otherwise pariah sperm.

Meanwhile, business is apparently brisk at the sperm bank: its filled to the brim with "donations," to the tune of 70 litres of potential humanity.

PS. Thanks to redhead Janice D'Arcy, who blogged about this today in her On Parenting blog in the Washington Post.