Login
. Make a new account
. Reset password

User pages for Ted Welch:

Saorge/VE Day - celebrate life

by Ted Welch
Fri May 23rd, 2008 at 08:51:26 AM EST

a-saorge-60807

Saorge is a very beautiful medieval village perched along a narrow rock spur that juts out into the Vallée de la Roya, high above the river. Saorge is classed as one of the "40 most beautiful villages of France".

http://www.beyond.fr/villages/saorge.html

A visit to this village included a monastery, and a coincidence of dates led to reflections on how the Catholic Church treated Galileo and Giordano Bruno. Another coincidence of timing allowed us to witness a VE Day commemoration ceremony in a nearby village and an article about the WW2 experience of an American's father echoed our feeling that we ought to celebrate life.

Promoted by Migeru. Fold moved here for the FP. -- Jérôme

Read more... (9 comments, 1808 words in story)

LQD - Privatisation - some facts

by Ted Welch
Tue May 6th, 2008 at 02:51:07 PM EST

Opening up the postal market to private sector competition has provided no significant benefit for consumers or smaller businesses but represents a "substantial threat" to the future of the Royal Mail, an independent report commissioned by the government warned today.

A major shake-up is needed in the way the industry is regulated if Britain is to benefit from a strong, competitive and cost-effective postal services, according to the interim review produced for business secretary John Hutton.

Large companies have benefited from the full liberalisation of the postal market since 2006 with more choice, lower prices and better quality products, but "there have been no significant benefits for smaller businesses and domestic consumers," said the report. It found these customers were largely happy with the value for money now provided to them by the state-owned Royal Mail but said the current situation endangered the future of the universal service which could guarantee one price and next day delivery throughout the country.

"There is now a substantial threat to Royal Mail's financial stability and, therefore, the universal service. We have come to the conclusion, based on evidence submitted so far, that the status quo is not tenable. It will not deliver our shared vision for the postal sector," it concluded.

The panel which carried out the review, led by former Ofcom deputy chairman Richard Hooper, said in its initial findings that there was now a "strong case" for taking action to make sure the Royal Mail has a sustainable future.

http://www.guardian.co.uk/business/2008/may/06/post.consumeraffairs

Cf .:

The move is part of Government plans to release cash from the country's £337billion worth of assets. Last May it began investigating selling off British Waterways to make up to £1billion. It has also sold off a 25 per cent share in British Energy for £2billion.

But the NHS [National Health Service] was never intended to act as a sinking fund to be plundered when times were lean. Rather, it represents an investment in the health of the nation, both now and for future generations.

And we know that in the past, hasty, ill-conceived attempts to cash in investments have cost us dearly: Gordon Brown, after disregarding advice from the Bank of England, lost £2?billion when he sold half of the country's gold reserves at the bottom of the market.

The sale of NHS property would entail a process known as "sale and leaseback", whereby sites are sold to developers, then leased back by the NHS. The Government likes it because of the large cash-windfall it receives, but ignores the fact that it ties NHS trusts into long, expensive contracts which cause costs to rise in the long term.

The trusts also have limited bargaining power in this situation because it's not as if they can simply decamp and rent a vacant hospital round the corner.

Selling off hospitals and NHS property will have repercussions for generations to come. It's a painfully short-sighted solution which will have lasting detrimental effects on the health of our nation.
Take MRSA, for example. At present there is a vogue among ministers and NHS officials to reduce the total number of beds in hospitals, preferring to focus on higher bed-occupancy rates and speedy discharges to make the hospital more "efficient".

This is even more common in hospitals already run by private companies under the Private Finance Initiative, where there are around 30 per cent fewer beds than in other hospitals. But research - funded by the Government, in fact - now suggests that bed occupancy rate is the single biggest factor in the rise of MRSA and hospital-acquired infections.

When bed occupancy is higher than 90 per cent, infection rates are 40 per cent higher than when 85 per cent of beds are occupied. Many hospitals are already running at near 100 per cent. This is only one example of how important it is that we retain ownership and control of NHS resources so we can respond when evidence like this comes to light, and we can reverse decisions and policy when necessary.

You don't invest in the NHS by selling it off. It may provide a temporary alleviation for a cash-strapped government, but the legacy means that future generations will have no room to manoeuvre or use the resources as needed because the NHS will no longer be ours.

*  'Trust Me, I'm a Junior Doctor' by Max Pemberton (Hodder) is available from Telegraph Books for £11.99 + £1.25 p&p. Call 0870 428 4112.

[Credit where it's due - that was in the Daily Telegraph - a right-wing paper.]

http://www.telegraph.co.uk/health/main.jhtml?xml=/health/2008/05/05/hmax105.xml

Comments >> (10 comments)

Arrogant power: Rome and the US

by Ted Welch
Tue May 6th, 2008 at 09:03:53 AM EST

Recently, exploring the area NE of Nice, we ended up at La Turbie, high above Monaco. Later exploration of the background to a famous monument there once again led to some surprising links with present-day politics.

monaco-la-turbie-60425

As we walked through the village, we had to pass through a group of mourners in a street outside a church - nobody was taking photos and neither did I. It was a lovely day, which somebody couldn't enjoy any longer. La Turbie's main claim to fame is a grander reminder of mortality - La Tropheé des Alpes - its ruins  dominating the village

turbie-village2

 http://www.beyond.fr/villphotos2/turbieP01.html

The Trophée des Alpes, or Trophy of Augustus, was a 50 m high monument to the power of Rome and the glory of Augustus. Now only 35 m high and half in ruin, it's still an imposing monument, over 2000 years after it was built.

http://www.beyond.fr/sites/trophee.html

One might have thought we might have learned some lessons in all that time, but exploring the background to this monument reveals remarkable parallels with today, and that some politicians go on making some of the same mistakes, due to similar arrogance and ignorance.

Promoted by Migeru

Read more... (21 comments, 2019 words in story)

Philosophy - "It's good for getting girlfriends."

by Ted Welch
Fri Apr 25th, 2008 at 07:33:26 PM EST

Another of those intruiging little coincidences; the other night I read this anecdote about Sarte's excitement on hearing about how you could apply phenomenology even to things like apricot cocktails. (It was in "Twentieth-Century French Philosophy", Alan D. Schrift, but this is from a different source to save me typing it):

s-b-1929

Sartre and De Beauvoir at university in 1929

Simone de Beauvoir ... recounts Sartre's first encounter with phenomenology. Out with Raymond Aron, a student of Husserl, in Paris in 1932, apricot cocktails were ordered. According to de Beauvoir, Aron said to Sartre, `You see, my little comrade, if you are a phenomenologist, you can talk about this cocktail, and that is philosophy.'
...
Sartre grew pale with excitement, or nearly so. This was precisely what he had wished for years: to talk of the things as he touched them and that was philosophy. Aron convinced him that this was exactly what fitted his preoccupations: to transcend the opposition of idealism and realism, to affirm at the same time the sovereignty of consciousness and the presence of the world as given to us.

cambridge.org [pdf!]

The next day I read this in the NYT, in a report on the recent, growing popularity of philosophy in US universities:

"Max Bialek, 22, was majoring in math until his senior year, when he discovered philosophy. He decided to stay an extra year to complete the major (his parents needed reassurance, he said, but were supportive).

I thought: Why weren't all my other classes like that one?" he said, explaining that philosophy had taught him a way of studying that could be applied to any subject and enriched his life in unexpected ways. "You can talk about almost anything as long as you do it well."

New York Times

Philosophy! Uh, yeah, what is it good for? - Promoted by Migeru

HTML, what is it good for? Lazy linking corrected; all diarists, please don't be lazy! DoDo

Read more... (28 comments, 1605 words in story)

Eco of Bologna - Fellini's Rimini - and Ferrara

by Ted Welch
Sun Mar 30th, 2008 at 04:01:50 PM EST

March 2008

Having "done" Venice - http://homepage.mac.com/tedwelch/venice  and Florence - http://www.eurotrib.com/story/2008/1/24/20310/9033 , this time we went to Bologna, Ferrara and Rimini.

06-montse-magg-bologna-60042

M in Piazza Maggiore, Bologna.

"La rossa"

I'd been to Bologna a couple of times already and I like it that it's not for us, i.e. tourists. The city is quite prosperous and was run by communists for many years, who focused on the needs of the citizens.  Collective attitudes and values permeated the culture; I remember visiting a photo exhibition there and, instead of the usual displays of individualism, it was a group project on aspects of the city - solidarity comrades.

Read more... (7 comments, 2249 words in story)

LQD: "Exxon suxx. McCain duxx."

by Ted Welch
Sat Mar 1st, 2008 at 10:25:28 AM EST

More great journalism from Greg Palast, no confusing objectivity with impartiality for him; instead he states the damning facts - without the "on the other hand - Exxon denies it all" of so much mainstream journalism. He also connects the dots. I strongly recommend reading the whole article:

Nineteen goddamn years is enough. I'm sorry if you don't like my language, but when I think about what they did to Paul Kompkoff, I'm in no mood to nicey-nice words.

Next month marks 19 years since the Exxon Valdez dumped its load of crude oil across the Prince William Sound, Alaska.
...
While cameras rolled, Exxon executives promised they'd compensate everyone. Today, before the US Supreme Court, the big oil company's lawyers argued that they shouldn't have to pay Paul or other fishermen the damages ordered by the courts.

They can't pay Paul anyway. He's dead.

That was part of Exxon's plan. They told me that. In 1990 and 1991, I worked for the Chenega and Chugach Natives of Alaska on trying to get Exxon to pay up to save the remote villages of the Sound. Exxon's response was, "We can hold out in court until you're all dead."

Nice guys. But, hell, they were right, weren't they?

Read more... (3 comments, 708 words in story)

Florence - the power and the gore

by Ted Welch
Tue Jan 29th, 2008 at 09:49:11 AM EST

We were asked for more European diaries - here's one about our trip to Florence, about the beginnings of the financial system which has got us in such a mess today, the brutal politics which we also still see today - oh - and art.

I read Tim Parks' excellent "Medici Money" after our visit and it illuminated much of what we'd seen and showed its links to our world today:

 The attempt throughout will be to suggest how much their story has to tell us about the way we experience the relationship between high culture and credit cards today, how far it informs our continuing suspicions with regard to international finance and its dealings with religion and politics.
...
together with the effects of usury, which dislodged a man from his station in life, something else quite unnatural was happening: A person's wealth was no longer tied to the local community. The actual coinage paid into the bank in Rome by members of Pope Martin V's family might be quickly paid out in the same place against letters of credit, or tributes collected abroad."

p.25

Cf.:



Alain Crouzat, portfolio manager at Montsegur Finance, said: "We get the feeling that the markets have become a big casino which has lost control. It seems incredible that the Société Générale can lose €5bn through one operator."

It's also a reminder about what things are like when people who take religion seriously get into power. Of course many used religion for political purposes, but religion helped them get and hold power and the imposition of religious views as such led to much horrible suffering and death.

Diary rescue by afew

Read more... (11 comments, 3019 words in story)

Atheism - the lighter side

by Ted Welch
Tue Jan 15th, 2008 at 05:03:31 PM EST

Here are some attacks on religion by comedians, well worth half an hour. Please don't tell me that they won't persuade the religious to change their minds - they KNOW and THEY DON'T CARE. Because they so obviously don't care and are so rude on TV, they encourage the non-religious to be similarly disrespectful about absurdities and to stand up for their own views, as Dawkins and Hitchens do in their own ways. This is particularly worth encouraging in the bizarrely religious US and can help the recent growth in the numbers of the non-religious there (still a long way to go).

But anyway - I hope you find it amusing.

Read more... (16 comments, 745 words in story)

A LQD on smoking

by Ted Welch
Fri Jan 11th, 2008 at 05:56:00 PM EST

a Lazy quick diary on smoking.

Oh joy, I just did a tour of cafes/bars in Nice - and what do you know - the French ARE respecting the ban. You can go into a bar, sample wines, if that's your thing, and NOT have some smoking cretin beside you ruin the experience.

Read more... (7 comments, 455 words in story)

On misunderstanding Dawkins

by Ted Welch
Wed Jan 9th, 2008 at 08:00:29 AM EST

(to put it politely), or why I lost patience with those so impatient with Dawkins that they can't even be bothered to consider seriously what he actually writes and says.

Here, especially for Twank, is a brief summary:

Dawkins is not the "strident" "asshole" he's sometimes made out to be; actually he is, as "someone" said, reasonable and amusing. He doesn't expect to change the minds of very committed Christians so he doesn't need the "faith (sic)" attributed to him by TBG, rather he has the quite reasonable aims of helping some people to clarify their ideas, and others to be more ready to speak up for the atheist views they actually hold. The feedback to him during book tours and to his site suggests that he's been successful in this with many people. What he's opposing isn't primarily well-meaning, non-dogmatic Christians, but the very powerful, more fundamentalist representatives of Christianity (particularly in the US), Islam and other religions. However, he argues, and it's a reasonable point of view, that moderate Christians lend credibility to even the more extreme forms - it's all a matter of faith. Dawkins, Hitchens, et al continue a noble tradition of outspoken atheism, necessary at a time when religions like Islam and Christianity have dangerous fanatical elements, in the US the latter has gained a lot of political power. We should applaud those who stand up and deplore this dangerous superstition - as Nietzsche did in his time.

Read more... (150 comments, 5511 words in story)

IT'S ALIVE ! - even in the NYT

by Ted Welch
Wed Dec 26th, 2007 at 02:24:01 PM EST

Criticism of US journalism does not just come from the Left, of course; many in the US see the mainstream media as too Leftist - bizarre as that probably seems to most Eurotribbers.

lestor-NYT

Diary rescue by Migeru

Read more... (53 comments, 3481 words in story)

QED - Films galore !

by Ted Welch
Mon Dec 24th, 2007 at 10:14:21 AM EST


Quick enthusiastic diary - films galore!

After the proposal to have a film blog on Eurotrib I went to the local Fnac (which sells TVs, cameras, software, books, DVDs, etc.) - and was amazed at what seemed to be the suddenly much greater the range of DVDs on offer. Of course it's just before xmas, so companies want to get more stuff on the shelves - but what variety there is now !What a period to be a film student, if a reasonably solvent one - but, for the price of an evening's drinks (for a Brit), one can buy a film masterpiece with a making-of documentary and the director's commentary. Companies are realising what saleable goods they have in their archives and now all sorts of collections are on offer, films of certain stars : John Wayne (and let's not sneer, he's been in some John Ford classics, e.g. The Searchers), directors, Hitchcock, Bergman, etc.

An example of this new availability is Ridley Scott's Blade Runner.

Read more... (35 comments, 1427 words in story)

What is it?

by Ted Welch
Mon Dec 10th, 2007 at 05:47:04 AM EST

On Friday at about lunch-time I wandered into Nice's old town and came across this scene:

crowd-event-nice-40918

It reminded me of the "What is it?" subject sometimes used in the Friday photo-blog - I had no idea what this was all about.

Interesting collage - diary rescue by Migeru

Read more... (9 comments, 1892 words in story)

An Inconvenient Truth

by Ted Welch
Wed Dec 5th, 2007 at 07:27:30 PM EST

inconvenient-truth-sWarning: Another long piece :-) - but the issue merits it - and, like Gore, I have adopted a "kaizen" approach (see below), and given the bits on design, I've tried to include lots of relevant images - so it's taken a long time. I hope you get to the end - and that, in the end, we all survive!

We went to see "An Inconvenient Truth" at the Mercury Cinema (echoes of Orson Welles?) in Nice, which was followed by a discussion organised by a Cafe Cine group.

In the title of my diary on Stone's film "Wall Street" I said that greed was glamourous and deadly. In this case we come to the truly deadly consequences of greed.

Diary rescue by Migeru

[editor's note, by Migeru] Picture resized and moved to the margin and fold inserted here for the front page.

Read more... (49 comments, 4570 words in story)

Greed is glamourous - and deadly

by Ted Welch
Mon Nov 19th, 2007 at 06:43:30 PM EST

 
A while ago I thought the streets I lived in were telling me something ( my "Haunted by Philosophers" diary), now it seems as if I'm getting messages from the media. Don't worry - I think I'm OK. :-)  Recently I bought the DVD of Oliver Stone's "Wall Street" and showed it to Montserrat, who was mildly interested. I still found it quite powerful. I thought I might write about it, linking it to the current crisis brought on by the "greed is good" credo. A few days later "Wall Street" was shown on French TV - surely it's a sign! :-) Then the media were full of stories about Merrill Lynch's problems, a current film review spoke about the dangers of glamourising villains -  finally I'm writing it, before the gods punish me for ignoring their encouragement.

wall-street-douglas2

The script by Stone and Stanley Wieser is excellent and Gekko is given a lot of good lines. As one critic put it:

If it's possible to have dialogue that's too stunning for the film's own good, that's the case with "Wall Street."

Whenever Oliver Stone's drama about powermongering in the stock market starts to sink into a theme, out pounces Michael Douglas with another audacious line to sock you sideways.

As Gordon Gekko, a reptilian fiend with an Empire State Building-sized chip on his Versace shoulder pads, Douglas leads a hostile takeover of your attention in a role that won him a best-actor Oscar. So alive is his character, you half expect him to jump out of the film and bite you.

Part of what makes Douglas so great in the film is ...

"You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place."

Dang, I lost my train of thought. That's how it works in the film. Whenever you think you know the score, Gekko spits out another dose of venom. He's more than a match for his co-lead, fledgling stockbroker Bud Fox (Charlie Sheen), who seeks out Gekko's tutelage in order to make a better . . .

"Lunch is for wimps."

There he goes again.

http://www.azstarnet.com/accent/171697


Wall Street trailer:

The "greed is good" slogan was an improvement on Ivan Boesky's "Greed is all right, by the way."

Ivan Frederick Boesky (born March 6, 1937, in Detroit) was notable for his prominent role in a Wall Street insider trading scandal that occurred in the United States in the mid-1980s.
...
By 1986, Ivan Boesky had become an arbitrageur who had amassed a fortune of about US$200 million by betting on corporate takeovers. He was investigated by the U.S. Securities and Exchange Commission for making investments based on tips received from corporate insiders. These stock acquisitions were sometimes brazen, with massive purchases occurring only a few days before a corporation announced a takeover.
...
The character of Gordon Gekko in the 1987 movie Wall Street is based at least in part on Boesky, especially regarding a famous speech he delivered on the positive aspects of greed at the University of California, Berkeley in 1986, where he said in part "I think greed is healthy. You can be greedy and still feel good about yourself".

http://en.wikipedia.org/wiki/Ivan_Boesky

One of the things I especially like about DVDs is the fact that you can get so many extras with them; documentaries on the making of the film, and the commentaries, especially by the director - often a little film school in itself. In the "Wall Street" commentary, Stone is at pains to explain that all they took from Boesky, in the "greed is good" speech  was his "greed is all right". All the rest was original.

Despite this some critics, who make it clear that they have listened to Stones's subsequent DVD commentary (or so they say) repeat the allegation which irritates him, e.g.:

(Parts of Gekko's famous "Greed is good" speech are freely paraphrased from comments Boesky made in 1985.)

http://www.slate.com/id/2174672

 Stone also points out that the speech is more complex than it's often taken to be, and that he agrees with much of it.

He was objecting to criticism like this, by Rita Kempley:

Stone has an agenda that's all too easily read. And yet, it was his political ambiguity that proved the strength of "Platoon," a universality that let us all live through the Vietnam war.

But Stone puts us above it all in "Wall Street." Though we are meant to descend with the camera as it dives from the skyscrapers, we sit with Stone in judgment, castigating the one-dimensional money-grubbers ...

Washington Post

In fact there is ambivalence throughout the film; while Stone is clearly rather appalled by people like Gekko, he is also clearly fascinated by him, and it's no surprise that this glamourous villain earned Michael Douglas a best actor Oscar. Stone is on the side of Martin Sheen, who plays the union leader and father to Bud,  played by Martin Sheen's real-life son, Charlie. But Gekko gets most of the best lines.

bud-gekko2

However Stone wasn't too happy with the way Douglas was delivering them at the beginning of shooting and had a few hard words with him. He also made him do many retakes until he got angry, which clearly had the desired effect - Douglas got his Oscar. But, in becoming more dynamic and charismatic, Douglas/Gekko adds complexity and ambivalence to the general moral thrust of the film.

The glamour of bad guys is a constant problem for film-makers who are supposed to be condemning them, cf. this review of current release "American Gangster":

Like many moviemakers (and watchers), Mr. Scott loves his bad guy too much. And by turning Lucas into a figure who seduces instead of repels, an object of directorial fetishism and a token of black resistance, however hollow, he encourages us to submit as well. Part of this is structural and economic: blood and nihilism are always better sells than misery and hopelessness.

http://movies.nytimes.com/2007/11/02/movies/02gang.html

 Stone did not want it to be a simple condemnation of Wall Street, after all his father had worked on Wall Street for decades. But that was another era and Stone says that while there was some corruption, there were still some principles involved and it was more of a gentlemen's club. The mentor to Bud, Lou Mannheim, played by Hal Holbrook, was based on Stone's father. Stone recorded the commentary years after making the film (in 1987), and, understandably, he used the opportunity to answer some of his critics. Thus some had complained that the Holbrook character spoke in an unrealistically aphoristic way, e.g.:

cheap-money2

"Stick to the fundamentals, that's how IBM and Hilton were built...good things sometimes take time."

"The main thing about money, Bud, is that it makes you do things you don't want to do."

http://www.imsdb.com/scripts/Wall-Street.html

 However, (apart from the fact that this is fiction not journalism) Stone maintains that this was the way his father used to speak. In fact his father used to write a newsletter about Wall Street which was translated into many languages. Sadly Stone's father died while the film was being made and Stone dedicated it to his memory. Bud, like the character played by Charlie Sheen in Stone's earlier film "Platoon", is torn between two father figures, in this case his own (in the film and real life) and Gekko.

Ironically Gekko has become a hero for young Wall Street traders as depicted in the more recent film "The Boiler Room":

boileroom-poster

"Greed is good... greed works," Gekko intones famously in Wall Street, and it was meant to be a shocking pronouncement at the time. That's the attitude that feels old-fashioned now. That greed is good is a given today, when suburban ladies' investment clubs are pulling down 20 percent returns and dotcom IPOs make twenty-somethings millionaires overnight, and heroes for it. Even Boiler Room's hero starts with that assumption, and isn't punished for it. Gekko himself feels like a charming antique compared to Boiler Room's snakes. Though J.T. Marlin's brokers idolize Gekko - in one scene, they watch Wall Street and recite Gekko's dialogue like a prayer - they haven't a clue how to emulate his sense of style.

... Boiler Room may show us the fruits of what the likes of Gekko wrought, but Bud, back there in the 80s, still has a chance to escape.

... Greed, Wall Street wants us to know in the end, isn't good. Boiler Room, on the other hand, accepts the reality of greed with resignation and assigns it a neutral value - it's what we do with our sense of greed that makes it good or bad.

http://www.flickfilosopher.com/blog/2000/02/boiler_room_and_wall_street_re.html


"Boiler Room" trailer:

 

Again this over-simplifies "Wall Street" somewhat, as Stone wouldn't really disagree with that conclusion.

Even more recently British City traders have been the subject of a study by a young artist and again there are very conscious echoes of "Wall Street":

The Hogarth of hedge funds offers a glimpse into a hidden world

Artist spends six months documenting the mysterious lives of the wizards of finance

Charlotte Higgins, arts correspondent, Saturday November 3, 2007, The Guardian

... Adam Dant was commissioned, appropriately enough, by Spear's Wealth Management Survey (a quarterly magazine aimed at that special breed of humans known as high-net-worths) to document the professional lives of the mysterious creatures who, behind closed doors in Mayfair and St James's, engage in abstruse activities such as short-selling and leverage.

... He saw the hedgies disport themselves at Annabel's nightclub and private gambling establishments such as Crockford's in Curzon Street and the nearby Aspinall's, founded by John Aspinall, perhaps most famous as a chum of Lord Lucan. He saw them quaff cocktails at Harry's Bar on Mount Street, and buy up art at Sotheby's, Christie's and the best contemporary art galleries.

... The walls are adorned with samurai swords and a shark's head. "It's always very aggressive, male stuff," said Dant. "And they really do regard the Art of War as their bible." He is referring to the 2,500-year-old Chinese manual on military strategy by Sun Tzu. [Quoted in "Wall Street"]
...
Over the fire is a bust of Michael Douglas as Gordon Gekko, from the 1987 film Wall Street.

http://arts.guardian.co.uk/art/visualart/story/0,,2204641,00.html

Cf.:

... one of the unexpected side effects of Wall Street: the cult of personality attached to Gordon Gekko. Douglas says he's still stunned by the number of people who tell him that his Oscar-winning role was the reason they went to work on Wall Street. "It's so depressing and sad," Douglas says.

... "I recall looking at that film and saying, 'That's what I want to be,' " recounts the late hedge-fund manager Seth Tobias in one of the Wall Street DVD featurettes. Somehow, an oleaginous villain meant to embody the worst excesses of his era became a folk hero and highly persuasive career counselor.

http://www.slate.com/id/2174672/pagenum/2/

But now we are seeing once again the results of the "greed is good" ideology, with no redeeming principles to channel it and when there is inadequate regulation, and they are quite frightening:

On the way home, I sat with a very engaging and smart retired Austrian arts dealer who told me he believes that the economic system is on the edge of collapse but says he wonders why Americans are in denial about these problems. He thinks there is a lag between the news reports we are reading now and when most Americans will be inpacted by the crisis. He says the most Americans will face the reality in 2008 - which, of course, just happens to be an election year.

... The Financial Times published in London, went further in editorial titled "CREDIT SQUEEZE-THE DISASTER MOVIE."
...
NEW YORK (MarketWatch)  Merrill Lynch, the nation's largest broker, on Tuesday reported its first loss in about six years, saying bad judgment and weak risk management strategies forced it to write down almost $8 billion of mortgage and related assets, well above its own previous estimate.

Merrill shares fell almost 8% to a near two-year low of $62" . Note: Merrill did another write down a week later of $4.5 billion. The Financial Times commented: "The sense that valuation is still matter of 'pick a number and divide by the chief trader's golf handicap' seems to be pervasive." Can you believe this? Even Hollywood couldn't make up something as flip as that.

News Dissector

But even when they screw up, the greedy make obscene amounts:

Mr. O'Neal [CEO of Merrill Lynch] would be entitled to a payout worth more than $274 million if he left after a deal, according to a pay analysis by James F. Reda & Associates, a compensation consulting firm, using yesterday's closing price.
... Just last year, the board paid Mr. O'Neal $48 million, making him one of Wall Street's highest paid chief executives.

http://www.nytimes.com/2007/10/27/business/27merrill.html

But then it's not hard to achieve that if you choose the people who decide how much you get:

Like the Morgan Stanley board, Mr. O'Neal's board is largely handpicked. He has recruited people like John D. Finnegan, the chief executive of Chubb and a friend for more than 20 years. The two men worked together in the General Motors treasury department. Mr. O'Neal is also close to another director, Alberto Cribiore, a private equity executive who runs his own firm, Brera Capital.

Ibid.

As Stone emphasised, there was much he agreed with in Gekko's "Greed is good" speech, e.g. Gekko condemned this kind of rapacious cronyism:

You own Teldar Paper, the stockholders, and you are being royally screwed over by these bureaucrats with their steak lunches, golf and hunting trips, corporate jets, and golden parachutes! Teldar Paper has 33 different vice presidents each earning over $200,000 a year. I spent two months analyzing what these guys did and I still can't figure it out.

http://www.imsdb.com/scripts/Wall-Street.html

Gekko also pointed out the general economic problems facing the US - which have got worse since the 80s and after Bush's disastrous regime:

...well ladies and gentlemen, we're not here to indulge in fantasies, but in political and economic reality. America has become a second rate power. Our trade deficit and fiscal deficit are at nightmare proportions.

Ibid

fortune-greed2

There are plans to do an update, but without Stone as director:

... Douglas's Gekko is the brand in his own right - and one that is likely to sell more these days with business enjoying a wider audience than 20 years ago. Schiff says: "The first film was a moderate hit at the time [it took about $60m at the box office and cost $16m], but Gekko became a household name."

Pressman [producer of "Wall Street"] denies that Money Never Sleeps [another of Gekko's lines] is an attempt to cash in, but the marketing potential is impossible to ignore. "It will be fun to do a film about this and it is an area certainly worth exploring," he says.

Pressman and Schiff talk convincingly about their determination to maintain the standards of the original and not just churn out an imitation to clean up at the box office, probably in 2009.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/28/cngekko128.xml

But with the current dire warnings about the global economy, perhaps this will not be the time to bring out another film glorifying greed.

Seven years ago, the bursting of the dot-com bubble triggered a collapse in business capital spending that took the US and global economy into a mild recession. This time, post-bubble adjustments seem likely to hit US consumption, which at 72% of GDP, is more than five times the share the capital spending sector was seven years ago. This is a much bigger problem - one that could have grave consequences for the US and the rest of the world.

http://www.fxstreet.com/futures/market-review/outside-the-box/2007-10-23.html

As the hero of another recent film would say: "Good night, and good luck."

Comments >> (23 comments)

"Because the corporations are dicks" - Hollywood writers' strike

by Ted Welch
Sat Nov 10th, 2007 at 04:21:47 PM EST

Why write a diary when you can use striking writers to do it ? :-) I have added some bits from the links supplied on their site.

Heard on the Picket Line

Let's lead with this lovely report from Peter Leftcourt:

"This morning, I picketed with an 86 year writer, who wrote for 'Mr. Ed.' He said, 'It pisses me off that that fucking horse wound up speaking Italian, Polish and Rumanian, and I never made more than a nickel.'"

PARAMOUNT 2: This Guy Gets It, Why Can't the AMPTP?

On Wednesday this man [with "Jesus saves" banner] was holding his own, rather loud, protest. Then, he stopped shouting and asked what we picketers were protesting about. After hearing about the strike, he started a new chant: "Moses was a writer! Moses was a writer!"

from Mike Colton

CHELSEA PIERS, NYC: All Jacked Up

"One guy from our group got hassled by some stockbroker-looking dude who was screaming 'Get back to work! I don't want 24 to be cancelled!' He was serious."

-Dyna Moe

...

UNIVERSAL: Well, in a Nutshell...

"Every day after picketing, I come home and work on my long, elegant essay articulating why we're on strike. It's meant for the general public and attempts to summarize the issues. But today, I overheard something that took care of my essay in one fell swoop.

Guy (into cell phone): The writers are on strike out here.

[PAUSE]

Guy (into cell phone): Because the corporations are dicks.

I don't need to finish my essay. Instead, I can rest up for picketing tomorrow.

-Irving Belateche

Posted by John Aboud

Links

This is only a small sampling of what you've been emailing to us. Keep it coming. We'll figure out a way to read it all.

- Greg Daniels, showrunner of "The Office," makes our case on E! Online.

Anyway, The Office is in a very interesting and poignant position in this Writers Guild fight. We chatted up executive producer Greg Daniels to get the reason why, plus scoop on storylines and why he shut the show down earlier than most others...

Where does The Office stand in regard to the strike?

The Office is a perfect example of a show that has a vested interest in the issues on the table. We're one of the highest downloads on iTunes. We made a lot of money there, and the creative people didn't see any of it. And this is the future of the television business. People are going to sit in front of a box that has computer guts inside and watch their shows, and just because it's not called a TV, it doesn't apply to our contract. All we're saying is that it's the same thing. We're watching the same show from our couch or from our chair on a screen, and just 'cause it's delivered through the Internet, we're not [being compensated for it].

Today, we're surrounded by the people that run the shows and the majority of them are doing very fine, and it's not about money for us. It's about middle-class writers and actors--our staffs are made up of those people, and they should get [what they're due].

So, if the strike lasts for 22 weeks or however long, you're not going to be worrying about paying your mortgage and your livelihood?

Well, I think what I'm most worried about is the next 20 years, when all the stuff that I've done goes on the Internet, whether or not my writers and I will get any money from that. That is what I'm more worried about. I think the writers have been kicking themselves for 20 years that we only get four cents for every $20 DVD that's sold.

eonline

- An op-ed by The Daily Show's Steve Bodow in the NY Daily News.

'Daily Show' writer: Why I went from punch lines to the picket line

By STEVE BODOW

Thursday, November 8th 2007, 4:48 PM

As you may have heard, Hollywood writers (including about 2,400 of us in New York) are on strike. Yep, all of us: the serious ones, the funny ones, the soap opera ones with whose help Todd Manning discovered that not only had his biological son survived, but he was living as Marcie and Michael McBain's adopted boy Tommy.

We've stopped working because our contract with the big studios ended last week, and though we've been negotiating in good faith with them, we're having a pretty fundamental disagreement about how we should make our livings in the years ahead.

It's all about the Internet. Maybe you've heard of it. We think we should get paid for when our work appears or is sold online - just like we do when it's on the tube or in theaters. We're up against conglomerates such as CBS, Disney and Fox, which have, after much searching in their souls (sic), determined they'd prefer not to pay us.

... Is it absurd to see writers picketing? Perhaps. We realize things could be worse. We could be lawyers, and this could be Pakistan, and then we'd have to get dressed up in those black suits and throw rocks. But picketing writers are less absurd than writers not getting a cent for their work.

We create something people value. It is our livelihood. We take it seriously. It's being threatened. And we're going to fight until we get what we need.
Normally I'd end with a joke, but sorry - I'm on strike.

Bodow is head writer for "The Daily Show with Jon Stewart.

Bodrow

- GREAT coverage of the action up at the Disney picket by Stephen Falk on his blog, Plaintive Wail.

 http://www.plaintivewail.com/

- MySpace.com/support_the_writers

  http://www.myspace.com/support_the_writers

http://unitedhollywood.blogspot.com/


Comments >> (27 comments)

Your perfect day ?

by Ted Welch
Sun Sep 9th, 2007 at 05:42:19 PM EST

An almost perfect day

It helps if you start your day in Nice - blue skies yet again and the September sun is getting less fierce and more friendly.

art-de-vie-w-30920

L'art de bien vivre

Healthy !

But not even a coffee to start the day - I was to have another medical check-up. The specialist was a big, jovial guy and we got talking about beer and wine and putting on weight when you stay in Normandy with rain for most of two weeks. Everything OK, he said - a good start. I went with Montserrat to do some shopping and then for a coffee on a terrasse, very pleasant - the weather in Nice now down to comfortable warmth for me. After 45 mins we went back to get the images and report. All very efficient, easy to arrange and reasonable - but I don't have to pay anyway (well a very reasonable top-up insurance).  

Sicko

sicko

By coincidence M had noticed that Michael Moore's Sicko had just opened at the Rialto in VO, i.e. English for me and French sub-titles for her - and it was on this afternoon at about 2pm. So we had time to stroll back in the sun, have a lunch in the apartment, and then walk over to the Rialto for the film. It was almost a private showing - there was ONE guy when we arrived !  (I'm sure they get better audiences in the evenings). It's not that I'm a misanthrope (really ) but I usually seem to get loud munchers or seat pushers near me.

What a film ! I'll write a review of it - but it WILL have you laughing and crying - outraged, informed.and amused. It should be shown on major TV channels in the US every week; the making of profits from keeping people ill and killing them through denial of treatment is an outrageous scandal - some very rich people should be locked up for a very long time.

We laughed at the Guantanomo bit, and were tearful over the treatment of those who worked at the 9/11 site in a Cuban hospital. As the lights came up we both wiped our eyes - and smiled. What an experience - if only more people made films like this. Of course one can nit-pick and the US right have done their best to discredit it.- but there is no denying the main and shocking facts. Even the credits are laced with humourous touches and at the end there's "Do something". He's certainly shown what a difference one determined individual can make, now aided by quite a team. It demonstrates powerfully what's wrong with the US version of capitalism and its terrible effects on so many Americans. Moore's Canadian cousins wouldn't even risk one day in the US without medical insurance.

Serendipity on the beach

We emerged into the sunshine and strolled the few meters to the Promenade des Anglais, SO glad to live in France - which gets very favourable treatment in the film. Then down to the nearest beach cafe - the Neptune - sun for M and some shade for me - with a view of the very blue sea.

beach-cafe

While M was away with her makeup bag, a couple passed by and sat at the other end of the cafe, almost facing me. Could it be ...  surely not; it must be just some other guy who looks like him. M. returned and I asked her - yes, she confirmed,  it WAS - my latest hero, the philosopher Michel Onfray !

onfray

The son of a manual agricultural laborer and a cleaning woman, Onfray was a professor of philosophy for two decades, until he resigned from the national education system in 2002 to establish a tuition-free Université Populaire (People's University) at Caen, at which Onfray and a handful of dedicated colleagues teach philosophy and other weighty subjects to working-class and ghetto youth who are not supposed to be interested in such intellectual refinements.

http://www.wpunj.edu/newpol/issue40/Ireland40.htm

 In an earlier coincidence, it turned out that M's sister lives near Caen, not far away from Agentan where Onfray lives and we had stayed in her house for a couple of weeks recently. I had spoken to M about trying to arrange to see him while we were there, but never got around to doing anything about it. Now here he was, not just in Nice, but (to paraphrase Bogart in Casablanca) of all the beach cafes in the world, he walks into this one.

It was too good an opportunity to miss, his female companion had also left for a while, and M. urged me to do it. So I went over, and, in my stumbling French, confirmed that he really was Onfray, explained that I too had studied philosophy, had been a lecturer and was left-wing. I said I had read his his encounter with Sarkozy and his commentary on it in his blog. I apologised when the woman returned for disturbing them, but she waved it away. I asked if it would be possible to talk some more another time, but they were leaving that day. I explained that M's sister had a place not far from him and that maybe if we visited her we could meet. He said yes and gave me his mobile phone number.

 I returned to M. who was very pleased for me, to hear that it had gone well, that I had been able to say what I wanted to and that I felt more motivated to improve my French. A while later they left, but he stepped over to say goodbye and hello to M. She told him I was a great fan and I added that so was she - though she's now a bit to the right of us. He patted me on the shoulder, smiled and left. I was in a happy daze and ordered another glass of champagne for M and another beer for me - despite our intention to cut down - this was already a very special day.

Champagne socialist - L'Effervescence

M. thought we might start walking back home, but I said we spent many evenings at home and who knows what the rest of the evening had in store for us - perhaps  Chomsky was taking a vacation for once :-) We walked east, the warm, late afternoon sun on our backs and headed for the old town. I had heard about a new champagne bar - just the thing for M - I remembered the location and found it easily.

bar-efferves-w-30984

We looked at the prices and thought it a bit expensive, 3 euros a glass more for the cheapest than the price in a beach cafe. But the young proprietor  came out and started talking to us, so we decided to give it a try. The bar wasn't very inviting, small and rather bare, but he led us donstairs - another world, with a curved ceiling and rough walls and very low, red lights.

M immediately gained his respect by clearly knowing about champagne (luckily, since a visit to England last year, she prefers beer most days) and has a relative who produces it. He explained that he had only started up a few months ago and did just about everything, serving, cooking, and said that with the drinks (I had a glass of red wine) we'd get some tapas-type amuse-bouche. I expected to be ejected when M let it be known that I tend to prefer Australian reds - but he told us that his brother lived in Australia and that he appreciated Australian wines, though he thought they were less complex in structure than French wines - ah yes, my thoughts exactly :-)  

He had worked in restaurants in New York for two years. I told him that we had just seen Sicko and urged him to see it if he had an afternoon free (well, Moore said, "Do something" - and I'm recommending you Eurotribbbers to see it too, and if you have already, go again and take some friends who haven't seen it). The little appetizers were delicious, even M was impressed and he was gratified by our praise and offered some more - so I ordered another round of drinks. We  now have a new friend, Julien, the patron.

 For any single young guys visiting Nice, this would seem to be the place to go, there were two groups of young women and no guys. Perhaps, even for French guys, champagne bars aren't their thing. Also, a delight for me, as it's a basement there's no smoking, so the first group of three young French women, who were, of course, all smokers, left their bags and went upstairs for some cancer sticks.

We thanked Julien and said we'd be back, then ambled down to Cours Saleya, the long open area packed with restaurants and sat outside in a temperature that was just OK for M with a cardigan on. Again I remarked on what a great day it had been. Sadly the day then rapidly fell from perfection into an argument - but I'm not Barbara, so I'll skip that and stay positive :-) We got over it.  

But it was very close to perfect: good news about my health, a great film with no irritations in the cinema, an amazingly coincidental  and cordial encounter with someone I admire and had really wanted to meet, drinks by the Med under the usual intense blue sky with the lovely M, a new bar discovery, a meal in the open at night in the old town - what more could you ask of one day ?

So, have YOU had a perfect/almost perfect day recently - what made it so for you ? If not, what would be your perfect day ?

Comments >> (11 comments)

Fete Medievale/cult of sport/macho finance

by Ted Welch
Sun Aug 19th, 2007 at 03:05:25 PM EST

Recently we took a trip back in time, we went to the Fete Medievale in Cagnes sur Mer. In the afternoon there was a tournament, with jousting and hand-to-hand fights:  

red-knight-30595

The kids in the audience loved it - was this encouraging aggression and sadism? Oh well, I played cowboys and Indians as a kid and I hate wars. However, this bit of escapism, into the era of chivalry and rescued damsels, has unfortunate connections with the current disaster in Iraq:

Medieval militarism and European expansionism

Chivalric orders first appeared with military activities against non-Christian states. During the Middle Ages, Western Europe aggressively sought to expand its area of control. The first orders of chivalry were very similar to the monastic orders of the era. Both sought the sanctification of their members through combat against "infidels"..."

http://www.medieval-life.net/chivalry.htm

knights-30589

knights-fight-30590

knights-fight-30592

After the tournament we strolled round the site which had examples of medieval crafts and products for sale -but also a fight school for kids, of both sexes:

fight-school-30616

They were instructed to stay down once "killed", but some couldn't resist peeking as the last two standing battled it out:

fight-school-dead-30617

Some of the people strolling around were themselves in medieval costume, ready for the feast at Haut Cagnes, the medieval village above Cagnes sur Mer later:

craft-30613

girl-y-rose-30620

But of course the crafts included making weapons:

bsmith-sword-2-30610

Then it was time to catch the bus up to Haut Cagnes (while giving a young French woman a lesson in queuing etiquette, approved by a French guy) for the feast:

meal-castle-30644

It had period entertainment - at least this could be enjoyed without too many unfortunate associations:

band-meal-30659

mosos-meal-30664

This is fun:

a-ted-meal-30661

mont-meal-30657

Fire dance:

fire-30675

fire-30673

But later, as I explored some medieval connections on the internet, I discover that re-enacting medieval fighting involves a million people around the world, many of them are Americans - who do it in what one might call a "shock and awe" style - or "full force" as they describe it.

The Belegarth Medieval Combat Society is a sport where participants fight with foam padded safety equipment made to reflect medieval weaponry. The sport's combat is hard hitting and fast-paced, requiring a level of skill and aggression that challenges its participants to be physically fit.

Belegarth.com is a social networking website for people interested in Belegarth and medieval combat. Belegarth.com has existed as a location for our local sports organizations to communicate and discuss combat and other activities surrounding the sport of Belegarth and medieval combat since 2001.

http://belegarth.com/

This photo isn't the making of a Hollywood film, these American guys are about to attack each oher - just for the fun of it:

us-fight2

Here is a short video of a "battle" - "full force":

http://www.jubilex.com/movies/pennsic31/hadrian-1.mpg

One of the things I enjoy doing is historical middle ages fighting with a group called the SCA (society for creative anachronism).

This group is approx a million strong with members everywhere from New York to New Guinea. our goal is to recreate historical middle ages life through education, study , and practice. No there are no wizards or elves or any fantasy things.

The fighting is full force , I have a real set of steel armor, and of course we use UNPADDED wood. If we used steel I would not be alive to tell you of the group. it can be dangerous of course, people have been seriously hurt doing this, but it is a extremely rare situation that something does happen because everyone is really a brother even if they are your enemy.

We practice how we know/think that soldiers trained and learned back in the middle ages.

http://forums.darkfallonline.com/showthread.php?t=15826

The Iraq connection made explicit:

 The group I belong to is run by a bunch of marines, our leader is actually over in Iraq right now unfortunently.

a-med-american

Notice the all-American sporting background.

Ibid.

It's no surprise that such "full-force" fighting should be popular in the US; there is a lot of money to be made from encouraging an obsession with competitive sports, and some die on the sports field because of it:

So powerful is the culture of sports in America that young men eagerly, even fanatically, mortgage their physical futures for a moment's football success. The payments are high.

"Players are much bigger than ever, much more muscular," Curry says. "It's year-around conditioning with no rest for the body. Some players are enormous, and they'll do anything to gain or lose weight. What's the cumulative effect of all that? We don't have the slightest idea."
...
Two weeks ago, the Broncos' defensive back celebrated over the body [he wasn't killed - luckily] of Antonio Freeman, a Packers receiver. Brown had rendered Freeman unconscious. He did it with a helmet-to-face-mask hit as the sprinting Freeman stretched up toward a thrown football.

For the illegal hit, Brown was suspended a game and fined a week's pay, almost $25,000.

After the sort of violent assault that has paralyzed defenseless men, Eric Brown danced around the fallen body, laughing, hopping, his own body made electric with savage thrill.

It made no sense.

"But it does make sense," Bill Curry says. "It's what all of us in the business want. Listen to us. `Headhunters,' `kill shots,' `blind shots, `clothesline.' We have to look at our whole culture, even the game's language."

Words reveal who we are. When Jerry Glanville coached the Falcons, he so loved one linebacker's attitude that he thought to praise the young man. So he called him "a borderline trained assassin." Heaven help us.

http://findarticles.com/p/articles/mi_m1208/is_38_225/ai_78790066

Cf.:

ant-freeman

The hit on Antonio Freeman

[Eric Brown]"You've got to play with emotion. You get a chance to make a hit, you can't think about how you're going to hit him. You've got to go out and hit him. There are consequences afterward, I guess." [!]

Freeman has taken his share of vicious blows in the past, including one from former Minnesota Vikings cornerback Corey Fuller in the 1996 finale at Lambeau Field in front of the Green Bay bench. He missed four games with a broken arm in 1996 and one game in 1998 with a broken jaw.

http://www2.jsonline.com/packer/rev/aug01/packnot21s2082101.asp

Macho Finance

a-traders

It's not surprising that this powerful "culture of sports" affects other areas of society:

Women have long been underrepresented in financial services, where a macho culture and long hours meant women faced prejudice and the need to sacrifice the time they could spend with children.

... "When you really look at the people working in hedge funds, it is almost like the extreme sport of the financial industry,"
...
Gur's research using magnetic resonance imagery found that in women, the size of the orbital frontal lobe, the part of the brain that assesses the context of risk, is larger in proportion to the amygdala, the primitive animal brain that responds to threats, than it is in men. For example, Gur said, at a party, "when someone says something nasty, the amygdala reacts and says, 'Kill him.' By contrast, when the stimulus is sent to the front of the brain, it may say: 'He is a drunken fool; don't bother with him.' "

To Sargent, their heightened capacity to evaluate context means that women "are more methodical, better at weighing all sides, and they often ask: 'What is my downside?' "

http://mobile.iht.com/articles/mmidas.4.7080752.xhtml

Of course it's not just a question of biology, certain abilties or tendencies can be encouraged or discouraged in a culture. Thus, though it may have been quite macho for some time, the culture of financial services like hedge funds has changed recently to become even more macho:

In his recent book "Hedgehogging," Barton Biggs, a longtime Morgan Stanley investment strategist who started up his own fund, writes of a hedge fund manager who complains that "our nice old game is being played at faster and faster speeds by bigger and rougher guys, so it's getting tougher and more dangerous all the time. Everybody is on steroids. The violence level is soaring. It's like the NFL [National Football League]."

Ibid

We have just seen the latest example of the results of such a culture in the current financial crisis, where people were encouraged to take absurd risks in a highly competitive context. We need to move to a culture where people ask not only: "What's MY downside?" But also: "What's our collective downside - of this sort of culture/ideology?" After Iraq, New Orleans, the Minneapolis bridge and the financial crisis, perhaps even sports-crazed Americans weilding medieval maces for a fun weekend are going to demand more attention to the downside and provision for a better upside.


Comments >> (14 comments)

A Nice lawyer - European business model

by Ted Welch
Fri Aug 3rd, 2007 at 06:25:18 PM EST

The French, and especially their fonctionnaires, are often unfairly criticized. It's another one of those cultural myths, unfortunate memes. In general I have found that, surprise, surprise, they are quite reasonable and often pleasant and helpful - and so are some in business - even a lawyer! :-).

Yesterday we visited the dept which deals with international applicants for inclusion in the French health system. Fortunately M is organising this and so, instead of going to an office about three streets away - but where my documents would only be sent on to this specialised office some time later - we went up into the hills behind Nice to deliver the documents in person. It was a long way up, and a very nice, quiet environment.

m-mat-c-park-30527

We were received very cordially by the woman in the office. Actually I think she might well have been happy to have visitors for a change (they usually just do admin rather than deal directly with people and I can't imagine many foreigners finding their way out to there). She quickly checked the documents, consulted a colleague in another office, carefully explained the process involved, and said that I'd be issued with a temporary number within a few days, entitling me to reclaim some medical expenses. Very helpful and reassuring.

Unfortunately the more exasperating side of the French was on display as we left the building - about half a dozen young people were smoking - outside this L'assurance maladie building !

ass-mal-cez-30524

I still find it hard to believe just how prevalent smoking is here. But, then again, these bureaucratic buildings  had names, not any old names but: Cezanne, Chagall, Cheret, Matisse, Picasso !

cez-pic-parking-30522

map-cpam-30530

The French do appreciate culture and celebrate it in all kinds of ways. One area of Nice is known as Musiciens , the streets named after Berloiz, Paganini, Verdi, etc.

A few years ago I got to know a French estate agent (yes, we know their reputation - especially in the UK) who turned out to be a very friendly guy, even after he realised that I would be unlikely to buy anything soon. He even insisted on paying for a meal. He'd actually told a guy who was quite ready to pay the asking price for a house that it was over-valued and he shouldn't pay that much ! When I met him a couple of years later, he was changing jobs and was doing up houses, something which he enjoyed a lot more, including some of the physical work. He had mentioned a local agency which was American-owned and didn't approve at all of the way it was run - they weren't even allowed enough time for a proper French lunch ! :-)

A Nice lawyer

Even more impressive was our recent visit to a lawyer here in Nice. They don't have a very good reputation, especially in the US, from where these jokes emanate:

What do lawyers and sperm have in common?
One in 50,000,000 has a chance of becoming a human being.

Why does the American Bar Association prohibit sex between attorneys and their clients?
To prevent the client for being billed twice for what is essentially the same service.

Why do they bury lawyers 27 feet under?
'Cuz deep, deep down, they're good people!

What's the difference between a Catfish and a lawyer?
One is a scum sucking bottom dweller, and the other is a fish.

Why does California have the most lawyers and New Jersey the most toxic waste dumps?
New Jersey had first pick.

How can you tell when a lawyer is lying?
Their lips move.

What's the difference between a lawyer and a duck?
Occasionally a duck will stick its bill up its ass.

http://www.gigaflop.demon.co.uk/humour/lawyer.htm

 How very different this lawyer was from the usual stereotype. We wanted advice on two issues, which she gave us, very fully, in French at a speed I could just about keep up with. But in addition to that we got the story of her life (she is half Italian,and fitted that stereotype, warm, expressive, etc .), some medical advice, her views about male/female differences in parental attitudes, etc., etc. She also typed out for me a form letter, indicating what I needed to include and telling me what was irrelevant. Then she refused any payment for this almost overwhelming torrent of advice and wisdom - AND told us that we didn't really need any further help from a notaire!

So later I wrote her a note, my French corrected by M, and bought her a plant. I thanked her for all her help and wrote that one of the things I really like about French culture is that even in professional affairs there is still room for a humanity now often lacking in the Anglo-Saxon business world. I read somewhere about a French woman working in a bank who used to get a lot of satisfaction from her job, feeling that she had given customers good advice. But then it had been taken over by a company run in a more Anglo-Saxon way; targets for sales of their products were set and there were unpleasant interviews with managers if one didn't meet these targets.

Let's hope that model doesn't take over in France. Arguably it would be better, even in a business sense (but not only that), if it didn't:

European business model

Which economic system will be more successful over the long-term - European diversity or the US world power approach?

Dutch author Donald Kalff expresses a clear opinion.

When Donald Kalff talks about the business world, it's not possible to overlook his vast experience. Kalff was a top manager at several international companies. These included companies such as Royal Dutch/Shell and the Dutch Airline KLM, where he served on the management board. It's therefore somewhat surprising when the former executive and professor at Leiden University proclaims that "the American shareholder value approach is flawed."

The concept has been basically misappropriated by investors and shareholders, managing without any foresight. Instead, they are more interested in squeezing the greatest possible amount of profit out of a company in the shortest amount of time.
...
Successful European companies are geared toward long-term value. They believe that value is found in people and their cooperation, not technical or financial resources...

The author provides new visions on the strengths of Europe's economy. He addresses the possibility of creating a sustainable form of capitalism with a distinct European character.

Donald Kalff is CEO of the Immpact biotech company. He is associated with Roland Berger Strategy Consultants and Guest Professor at Leiden University School of Management. His book, "An UnAmerican Business: The Rise of the New European Enterprise Model," is published by Kogan Page, ISBN: 0749444908.

Best of European business


Comments >> (37 comments)

Fox attacks bloggers - who fight back

by Ted Welch
Mon Jul 30th, 2007 at 05:22:29 AM EST

Maybe this has been referred to here already - anyway:

Fox Attacks Bloggers! You Can Fight Back

By MediaChannel.

Don't miss this youtube vid:

Comment on the vid:

Oh it just figures... They don't say anything about the Right Wing Blogosphere. I guess since they are in "lock-step" with the daily dictates of Fox Noise then they are exonerated from all accusations of being dishonest or mean spirited or hateful. But mostly, what I notice is that because there is a media that is in fact watch-dogging what Republicans and Conservatives are doing then that must be torn apart as soon and as badly as possible.

I also noticed that quotes taken from DailyKos were grossly de-contextualized and either O'Reilly is as stupid as we think, or he's not really a Catholic because yes, in fact, the Pope has been called the Primate off an on for centuries. But then, big surprise, O'Reily misquoted someone for his own purposes.

Bloggers fight back

"First they ignore you..." - afew

Read more... (82 comments, 1453 words in story)

Next 20 >>
Recommended Diaries
The Real Jesse Helms: An LTE
by Drew J Jones - Jul 19
6 comments

The Political Mind by George Lakoff
by ARGeezer - Jul 19
11 comments

Stealing a Mile : A possible Bellydance Ancestry
by Helen - Jul 20
3 comments

Finnish Tango
by Sven Triloqvist - Jul 20
11 comments

A Rorschach Test
by Migeru - Jul 20
66 comments

Obama in Berlin
by jandsm - Jul 18
29 comments

The July 18 in Spain
by PerCLupi - Jul 18
3 comments

Can the US/EU be Self-Sufficient?
by rdf - Jul 18
17 comments

Debates
Campaigns
Occasional Series
Germany
by DoDo - Jul 20

Anglo Disease
by Migeru - Jul 17

Most Commented threads ever
by Migeru - Jul 8
10 comments

Agriculture
by afew - Jul 7

Countdown to $200 oil
by Migeru - Jul 2

Wind power
by Jerome a Paris - Jul 2
1 comment

Train Blogging
by DoDo - Jul 1

TOC: Socratic Economics
by Migeru - Jun 26