Original shot was made with Pentax MG manual camera, kodak 400tx
Even apart from the "complementary" provision, Gramm quietly added another time bomb to the law, a grandfather clause, which said that any company that became a bank holding company after the passage of Gramm-Leach-Bliley in 1999 could engage in (or control shares of a company engaged in) commodities trading – but only if it was already doing so before a seemingly arbitrary date in September 1997. This was nuts. It was a little like passing a law that ordered you to leave the Army if you were gay in November 1999 – but if you were a heterosexual soldier as of September 1997 and then somehow became gay after 1999, you could stay in the Army. For nearly a decade, this obscure provision of Gramm-Leach-Bliley effectively applied to nobody. Then, in the third week of September 2008, while the economy was imploding after the collapses of Lehman and AIG, two of America's biggest investment banks, Goldman Sachs and Morgan Stanley, found themselves in desperate need of emergency financing. So late on a Sunday night, on September 21st, to be exact, the two banks announced they had applied to the Federal Reserve to become bank holding companies, which would give them lifesaving access to emergency cash from the Fed's discount window. The Fed granted the requests overnight. The move saved the bacon of both firms, and it had one additional benefit: It made Goldman and Morgan Stanley, which both had significant commodity-trading operations prior to 1997, the first and last two companies to qualify for the grandfather exemption of the Gramm-Leach-Bliley Act. "Kind of convenient, isn't it?" says one congressional aide. "It's almost like the law was written specifically for them." The irony was incredible. After fucking up so badly that the government had to give them federal bank charters and bottomless wells of free cash to save their necks, the feds gave Goldman Sachs and Morgan Stanley hall passes to become cross-species monopolistic powers with almost limitless reach into any sectors of the economy.
Matt Taibbi 'The Vampire Squid Strikes Again'
One of the big dangers, one of the big problems with technology. It develops much faster than human society and human morality, and this creates a lot of tension. Once you really solve a problem like direct brain-computer interface ... when brains and computers can interact directly, to take just one example, that's it, that's the end of history, that's the end of biology as we know it. Nobody has a clue what will happen once you solve this. If life can basically break out of the organic realm into the vastness of the inorganic realm, you cannot even begin to imagine what the consequences will be, because your imagination at present is organic. We're basically learning to produce bodies and minds. And if there is a gap between those that know how to produce bodies and minds and those that do not, then this is far greater than anything we saw before in history. And this time, if you're not fast enough to become part of the revolution, then you'll probably become extinct. ... You look at Japan today, and Japan is maybe 20 years ahead of the world in everything. And you see these new social phenomena of people having relationships with virtual spouses. And you have people who never leave the house and just live through computers. And I don't know, maybe it's the future, maybe it isn't, but for me, the amazing thing is that you'd have thought, given the biological background of humankind, that this is impossible, yet we see that it is possible. Apparently, Homo Sapiens is even more malleable than we tend to think. Nobody would doubt that all the new technologies will enhance again the collective power of humankind, but the question we should be asking ourselves is what's happening on the individual level. We have enough evidence from history that you can have a very big step forward, in terms of collective power, coupled with a step backwards in terms of individual happiness, individual suffering.
Yuval Noah Harari Edge.org, 'Death is Optional'
There are three opponents in wrestling — the self, the other wrestler, and time. In wrestling, you are judged for your activity. How aggressively are you seeking out your opponent? How much time are you spending in a submissive position? Are you trying to get out of that position? In poetry, simply scribbling does not move the score. Eyeing the subject, circling about it, and getting ready to surge forward will not put the poem in your grasp. Busyness doesn't move the judge. Simply scribbling, biding your time, reading, is seen as idleness to the non-writer. To the writer, it is a flurry of activity. The trouble, then, is that writing a long poem suffuses idleness and activity over a sustained period. Nothing happens. Everything happens
Oliver de la Paz Six Minutes and Onward: Wrestling, Long Poems, and Time
I wonder, when you decide to voice your questions, when you send off your impressions, when you speak or write or type, out of the blue, to your unsuspecting peers, is it done with an obstinate hope that you will receive at the very least any kind of response? A measured reply, despite the overwhelming standard of there seeming to be so few who would not only appreciate the question, but would consider an answer at all.
In a manner that is self-deprecating, I think, I have been hunting for forms of connection that are more opportune for people who would rather not engage in anything so "aggressive" if "cute" without first throwing their daily habits into disarray. For whom such randomly expressed vexations of admittedly pretentious proportions pose as minor amusements, surprising puzzles, forms of performance art, and above all, a craving for approval–the latter, undoubtedly, many of my hurriedly scribbled down remarks are, but more, I suppose, a form of reassurance to myself that it is fine if I cannot help myself. Rather that than a kind of validation that is supposed to instill in me, over and over again, my sense of self-identity and worth. That would be very silly, don't you think? But it is to be expected that more often than not we will seem silly regardless, and are loved despite of it, than seem as we want to be, and are loved because of it. So herein then, ought we not to give free reign to the expectations of others, and to our own, and tailor our contentment accordingly?
From there has emerged, I reckon, the infamous, “Nevermind that,” for which I am chastised here and there alike. Yet it occurs to me that I do not dismiss so much myself, but what I see as the toil and burden for you to bear if I did not do so.
I have never thought of it like this before, or thought of any of it for the longest time, if only in passing sneer in relation to my own expectations of people. Suppose I have dismissed thinking about it entirely, but wouldn't that truly be considered as “settling”, after all?
Take your clairvoyance and apply it to your life in the physical, Presumptuous half-hearted homunculus, Self-destruction is the power without knowing what the function is.
Felipe Andres Coronel
KAWAI Gyokudō(川合玉堂 Japanese, 1873-1957)
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Now I am quietly waiting for the catastrophe of my personality to seem beautiful again, and interesting, and modern.
Frank O’Hara, Mayakovsky (via naranzarian)