Billion Dollar Bash
Merrill Lynch officially joins Morgan Stanley, Bear Stearns, Goldman Sachs and
Lehman Brothers in reporting spectacular fourth-quarter losses. Their number:
$9.8 billion. The optimistic reaction captured by Bloomberg is that this is the
"kitchen sink" number, meaning, "we hope it's all written
down and they've thrown in [everything including the] the kitchen sink." Oh, and the Dow’s down 300. Have a nice day.
So Insiders Like Change, Too?
A bit of a rough day for Senator Clinton’s camp: their lawsuit challenging
voting in casinos was thrown out. Meanwhile, Politico reported that Senator
Leahy endorsed Senator Obama and that there is division within the Congressional Black
Caucus over whom to support. And over at The New Republic, Leon Wieseltier takes a moment to flaunt the conventional
wisdom on the Hillary vs. Obama primary.
Yale and Yoo
Emily Bazelon, at Slate, says that the issues raised in the Padilla vs. Yoo
lawsuit are ones that ought to be decided by the judiciary. Yoo, in his own
defense, responds to his critics who are celebrating
the lawsuit.
School Choice
If you thought season four of The Wire was pessimistic about the future of
American education, just wait until you see how one of the last bastions of
hope regarding educational reform is considering their cause. It's adrift because they realize that vouchers may
drive the system to market based efficiencies, but it won't
address specific pedagogical failures.
Keep Despair Alive
"Ay, in the very temple of Delight/Veil'd Melancholy has her sovran shrine"
Muscular Dialogues
New York Magazine interviews David Mamet about his new play. During the Clinton years he contributed Wag the Dog to our political
lexicon, and now he’s back to politics with November. Obviously, given his
latest book (Bambi vs. Godzilla) and this play, he talks about art, commerce and
politics. Ian McEwan discusses Saul Bellow, the adaptation of Atonement, that excruciating sex scene in On
Chesil Beach and more.
Here’s Hoping Some People Do Burn In Hell
The New Yorker covers the story that even
stunned
Jezebel into bona fide moral outrage.
I'm Quietly Judging You
Defamer shows that the whole Tom subplot in Magnolia was just a dry run for these
ten unbearable minutes of smug bullshit. It sure was a lot more poetic when P.T. Anderson was
writing your lines, right Tom? And, don’t you dare laugh at this. They’ll sue you.
Do They Speak English in "What?!"
The L.A. Weekly expresses shock and anger at the decision by the Academy Awards
to not choose 4 Months, 3 Weeks, 2 Days or Persepolis as candidates for Best Foreign Film. The Criterion Collection publishes a fun essay on the problem of creating
cover art for the Weimar-era hell that is Berlin Alexanderplatz. And RUN FOR YOUR LIVES !!! Yes, Cloverfield is, indeed, a 9/11 allegory. I’m shocked.