
Giants Giants Giants!
To my far flung correspondent, Tom S., to Amie, to all LI NYC readers - have fun at the parade!
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads
Now before he was taken by the lawless Jews, who also were governed by (had their law from) the lawless serpent, he gathered all of us together and said: Before I am delivered up unto them let us sing an hymn to the Father, and so go forth to that which lieth before us. He bade us therefore make as it were a ring, holding one another's hands, and himself standing in the midst he said: Answer Amen unto me. He began, then, to sing an hymn and to say:
Glory be to thee, Father.
And we, going about in a ring, answered him: Amen.
Glory be to thee, Word: Glory be to thee, Grace. Amen.
Glory be to thee, Spirit: Glory be to thee, Holy One:
Glory be to thy glory. Amen.
We praise thee, O Father; we give thanks to thee, O Light, wherein darkness
dwelleth not. Amen.
95 Now whereas (or wherefore) we give thanks, I say:
I would be saved, and I would save. Amen.
I would be loosed, and I would loose. Amen.
I would be wounded, and I would wound. Amen.
I would be born, and I would bear. Amen.
I would eat, and I would be eaten. Amen.
I would hear, and I would be heard. Amen.
I would be thought, being wholly thought. Amen.
I would be washed, and I would wash. Amen.
Grace danceth. I would pipe; dance ye all. Amen.
I would mourn: lament ye all. Amen.
The number Eight (lit. one ogdoad) singeth praise with us. Amen.
The number Twelve danceth on high. Amen.
The Whole on high hath part in our dancing. Amen.
Whoso danceth not, knoweth not what cometh to pass. Amen.
I would flee, and I would stay. Amen.
I would adorn, and I would be adorned. Amen.
I would be united, and I would unite. Amen.
A house I have not, and I have houses. Amen.
A place I have not, and I have places. Amen.
A temple I have not, and I have temples. Amen.
A lamp am I to thee that beholdest me. Amen.
A mirror am I to thee that perceivest me. Amen.
A door am I to thee that knockest at me. Amen.
A way am I to thee a wayfarer. [amen].

“Sometimes, however, a mark is not quite prepared to accept his loss as a gain in experience and to say and do nothing about his venture. He may feel moved to complain to the police or to chase after the operators. In the terminology of the trade, the mark may squawk, beef, or come through. From the operators' point of view, this kind of behavior is bad for business. It gives the members of the mob a bad reputation with such police as have not. yet been fixed and with marks who have not yet been taken. In order to avoid this adverse publicity, an additional phase is sometimes added at the end of the play. It is called cooling the mark out After the blowoff has occurred, one of the operators stays with the mark and makes an effort to keep the anger of the mark within manageable and sensible proportions. The operator stays behind his teammates in the capacity of what might be called a cooler and exercises upon the mark the art of consolation. An attempt is made to define the situation for the mark in a way that makes it easy for him to accept the inevitable and quietly go home. The mark is given instruction in the philosophy of taking a loss.”
“In many cases, especially in America, the mark's image of himself is built up on the belief that he is a pretty shrewd person when it comes to making deals and that he is not the sort of person who is taken in by any thing. The mark’s readiness to participate in a sure thing is based on more than avarice; it is based on a feeling that he will now be able to prove to himself that he is the sort of person who can "turn afast buck." For many, this capacity for high finance comes near to being a sign of masculinity and a test of fulfilling the male role.”
“A mark's participation in a play, and his investment in it, clearly commit him in his own eyes to the proposition that he is a smart man. The process by which he comes to believe that he cannot lose is also the process by which he drops the defences and compensations that previously protected him from defeats. When the blowoff comes, the mark finds that he has no defence for not being a shrewd man. He has defined himself as a shrewd man and must face the fact that he is only another easy mark. He has defined himself as possessing a certain set of qualities and then proven to himself that he is miser ably lacking in them. This is a process of selfdestruction of the self. It is no wonder that the mark needs to be cooled out and that it is good business policy for one of the operators to stay with the mark in order to talk him into a point of view from which it is possible to accept a loss.”
“For the mark, cooling represents a process of adjustment to an impossible situation - situation arising from having defined himself in a way which the social facts come to contradict. The mark must therefore be supplied with a new set of apologies for himself, a new framework in which to see himself and judge himself. A process of redefining the self along defensible lines must be instigated and carried along; since the mark himself is frequently in too weakened a condition to do this, the cooler must initially do it for him.
One general way of handling the problem of cooling the mark out is to give the task to someone whose status relative to the mark will serve to ease the situation in some way. In formal organizations, frequently, someone who is two or three levels above the mark in line of command will do the hatchet work, on the assumption that words of consolation and redirection will have a greater power to convince if they come from high places.”
Last night, CBS' "60 Minutes" took a look at the "subprime loan crisis." You can find the full transcript here, but the following exchange between "60 Minutes" correspondent Steve Kroft and homeowner Stephanie Valdez is a highlight worth examining a bit closer; it's significant both from an economic and, more importantly, a socionomic point of view.
STEPHANIE VALDEZ: Why pay a $3,200 payment on a 1200-square-foot home? It makes no sense.
STEVE KROFT: That's what you agreed to do when you bought the house.
STEPHANIE VALDEZ: Fine. If the value is going up. But we're not going anywhere. The price or the value is going down. It makes no sense because we will never be able to refinance and get a lower payment. There's no way.
STEVE KROFT: You're saying, essentially, that you're going to stop making payments on it? You're just gonna let it go into foreclosure?
STEPHANIE VALDEZ: You know, that's the only advice we've gotten so far is walk away from the home. We don't want to do that to our credit. Why can't our mortgage company work with us?
Kevin Depew:
The issue Kroft is alluding to here is what one might call "the morality of contractual obligation." Without saying it explicitly, Kroft implies ("That's what you agreed to do when you bought the house,") that Valdez and her husband, by walking away from the house, are engaging in some vaguely immoral behavior. It's a promise. They are breaking their promise. Left dangling for the viewer to arrive at is the conclusion that people who break promises are immoral.

“What a time the worker has of it, too, inside the factory! Here the employer is absolute law-giver; he makes regulations at will, changes and adds to his codex at pleasure, and even, if he inserts the craziest stuff, the courts say to the working-man:
"You were your own master, no one forced you to agree to such a contract if you did not wish to; but now, when you have freely entered into it, you must be bound by it."
And so the working-man only gets into the bargain the mockery of the Justice of the Peace who is a bourgeois himself, and of the law which is made by the bourgeoisie. Such decisions have been given often enough. In October, 1844, the operatives of Kennedy’s mill, in Manchester, struck. Kennedy prosecuted them on the strength of a regulation placarded in the mill, that at no time more than two operatives in one room may quit work at once. And the court decided in his favour, giving the working-men the explanation cited above. And such rules as these usually are! For instance: 1. The doors are closed ten minutes after work begins, and thereafter no one is admitted until the breakfast hour; whoever is absent during this time forfeits 3d. per loom. 2. Every power-loom weaver detected absenting himself at another time, while the machinery is in motion, forfeits for each hour and each loom, 3d. Every person who leaves the room during working- hours, without obtaining permission from the overlooker, forfeits 3d. 5. Weavers who fail to supply themselves with scissors forfeit, per day, 1d. 4. All broken shuttles, brushes, oil-cans, wheels, window-panes, etc., must be paid for by the weaver. 5. No weaver to stop work without giving a week’s notice. The manufacturer may dismiss any employee without notice for bad work or improper behaviour. 6. Every operative detected speaking to another, singing or whistling, will be fined 6d.; for leaving his place during working-hours, 6d.”
“Even when Lincoln was advocating free labor, it was a nostalgic idea. As early as 1866, 60 percent of people worked for other people. Now, it’s 90-something percent. Then, of course, they worked in small units; it wasn’t the full-blown factory. But sure, Lincoln’s vision was at variance with the imperatives of the economy and with the necessities of the industrializing elites who came to power after the war. And then there was the railroad—and that changed everything….
…
Still, the free-labor ideal survives in farming as propaganda. Preserving the tiny number of "family farms" is a justification put forward by the farm lobby. The Homestead Act was put forth by the Republicans as a supposed cure for the class structure congealed by industrialism. The idea was that the eastern factory laborer would leave the factory behind for free land in the west. But that’s not the way it worked out. Why? Because the land was not free—$1,500 was the minimum needed to set up a farm as early as the 1840s. And that was three years pay for the skilled factory worker of 1900! Small farms weren't economically viable. So it wasn’t the factory laborer who went to the farm, but the factory itself. Women’s labor, child labor, seasonal labor—all the aspects of wage labor that the farm was supposed to cure became a part of farm life. That was a bitter social turn. There was no escape from industrial capitalism.”
Q: Now that the mills are gone, do you think Carnegie has a lasting local influence other than the libraries and museums?
A: I did not get into a cab or have a conversation at a hotel when I didn't get a response -- a lively response -- after telling people why I was in town. Everybody had a story about Carnegie, and very few stories put him in a good light. He moved to New York in the 1870s and died in 1919. But his presence still seems to haunt the city.
Is that because of the famous 1892 Homestead Strike? Carnegie blamed that on his business partner, H.C. Frick.
Well, reading the local papers on microfilm, I discovered that while the rest of the world might have been surprised by Homestead, Pittsburghers weren't. This wasn't the first time he'd brought in the Pinkertons -- he'd done the same damn thing at [Braddock's] Edgar Thomson works. Homestead followed a script he'd already written.
Still, Carnegie had written articles about respecting the working man. And previously, he'd been way out in front negotiating with unions. So workers weren't just angry when he brought in the Pinkertons: They felt betrayed.”
I like a poem that, at some point, I can say to myself. That moment of saying the poem to oneself is not all a poem is about, but without ...