Ring Them Bells

Ring them bells, ye heathen
From the city that dreams,
Ring them bells from the sanctuaries
Cross the valleys and streams,
For they're deep and they're wide
And the world's on its side
And time is running backwards
And so is the bride.

Ring them bells St. Peter
Where the four winds blow,
Ring them bells with an iron hand
So the people will know.
Oh it's rush hour now
On the wheel and the plow
And the sun is going down
Upon the sacred cow.

Ring them bells Sweet Martha,
For the poor man's son,
Ring them bells so the world will know
That God is one.
Oh the shepherd is asleep
Where the willows weep
And the mountains are filled
With lost sheep.

Ring them bells for the blind and the deaf,
Ring them bells for all of us who are left,
Ring them bells for the chosen few
Who will judge the many when the game is through.
Ring them bells, for the time that flies,
For the child that cries
When innocence dies.

Ring them bells St. Catherine
From the top of the room,
Ring them from the fortress
For the lilies that bloom.
Oh the lines are long
And the fighting is strong
And they're breaking down the distance
Between right and wrong.

-Bob Dylan, "Ring Them Bells"

Here's a link to a slightly embarrassing version of this song, performed live in 1994 at something called the Great Music Experience. Don't click if grand orchestrations make you cringe. In that case, just look at those last two lines. It was hard to find something that matched this mood of happiness toward the world, but that last couplet comes close to expressing it. Not there yet. Hardly. But some kind of process of shrinking that distance, however temporary and fragile, and perhaps ultimately futile, has begun. For the moment, though, that even a gesture toward this reconciliation has occurred is somewhat hard to believe. It's enough to just express it right now.

Happiness and Redemption:

"There is happiness--such as could arouse envy in us--only in the air we have breathed, among people we could have talked to, women who could have given themselves to us. In other words, the idea of happiness is indissolubly bound up with the idea of redemption. The same applies to the idea of the past, which is the concern of history. The past carries with it a secret index by which it is referred to redemption. Doesn't a breath of the air that pervaded earlier days caress us as well? In the voices we hear, isn't there an echo of silent ones? Don't the women we court have sisters they no longer recognize? If so, then there is a secret agreement between past generations and the present one. Then our coming was expected on earth. Then, like every generation that preceded us, we have been endowed with a weak messianic power, a power on which the past has a claim. Such a claim cannot be settled cheaply. The historical materialist is aware of this."

-Walter Benjamin, "On the Concept of History"

Everything is Better Now

Good job, America!

grody

From the Weekly Review, by Harper's:

a 27-year-old woman was arrested for shoplifting from a Walgreens in Florida and for brandishing, according to the arrest affidavit, “a well-used and bloody female sanitary napkin.” “I delivered a firm, lawful command to the suspect to drop the object,” stated one of the officers, “and told her it was gross.”

Carrie Brownstein: Funny

Inspired by the news that The Beegees'"Staying Alive" has the perfect beat for CPR, the multi-talented Ms. Brownstein offers some other songs that can save your life in certain situations:

2. Cougar or Bear Attack

When confronted by a bear or cougar while hiking, camping or mountain-biking, don't leave your survival up to chance. We all know that freezing, making yourself look bigger, maintaining eye contact and backing away slowly are the correct survival methods in this situation. But most people decide, wrongly, to run. However, many survivors of bear and cougar attacks have one thing in common: They all reported humming the tune "Suite: Judy Blues Eyes" by Crosby, Stills & Nash. It helps to hum the tune out loud, but only the end. (Yes, the "do do do do do DO DO do do do do" part.) When the bear or cougar retreats in response to this life-affirming melody, Crosby, Stills, Nash & You have won.

She also explains what songs to sing/hum/listen to in the event of choking ("War"), fire ("A Horse with No Name"), shuttlecock-retrieval-related falling ("Baby Got Back"), and joke-performance asphyxiation in a dry-cleaning bag ("A Case of You").

Cassidy on Soros on the Economic Meltdown

John Cassidy's review of George Soros's new book, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means, is one of the most lucid and illuminating accounts of these nearly incomprehensible times. Cassidy not only explains the origin of all the things you've been hearing about in the news, he explains the very basic foundations of the modern financial system in a way that someone who garnered D's in math and can't balance a checkbook can understand. It's long, but it's worth it.

He mainly argues that George Soros understands, and explains in his book, that markets can behave irrationally. They do not always operate according to strict theories or rationality imposed upon them by economists who use computer models to make predictions.

Financial markets perform two essential roles in the economy: (1) they take money from those with no immediate use for it, such as people saving for retirement and the hereditary rich, and put it into the hands of firms and entrepreneurial individuals with productive investment ideas but a shortage of cash to finance them; (2) they allow individuals and institutions to reapportion risk to those more willing to bear it. If Wall Street didn't exist, another method of allocating savings and risks would have to be found. One alternative is diktat, but the history of the Soviet Union and other Communist countries amply demonstrated the difficulties involved in centralizing economic decisions.

The great advantage of a market system is that it draws on information from throughout the economy and translates it into public signals—prices—that investors and firms can react to. Earlier this year, investors woke up to the fact that Detroit had ignored the threat of dwindling oil stocks and had bet its future on gas-guzzling SUVs: the stock prices of American car companies plummeted, making it much more expensive for them to sell equity in their corporations. Toyota and Honda, which had invested heavily in smaller, more fuel-efficient vehicles, have seen their stocks hold up much better, enabling them to raise funds cheaply. Nobody planned it, but in this instance the market rewarded foresight and innovation.

For financial markets to allocate resources to their most productive uses on an ongoing basis, the price signals they send must be the right ones day after day after day. Is this a realistic goal? A typical investor following the Dow's gyrations on CNBC or Yahoo Finance might be tempted to say no, but then the typical investor doesn't have the benefit of an economics Ph.D. from the University of Chicago.

Soros's theory of "reflexivity" is especially interesting and Cassidy even made up a helpful little diagram, but this isn't, unfortunately, in the online version of the article.

Reason, Farewell

The cold, gnawing emptiness inside gets a little worse:

In the latest instance of inflammatory outbursts at McCain-Palin rallies, a crowd member screamed "treason!" during an event on Tuesday after Sarah Palin accused Barack Obama of criticizing U.S. troops.

"[Obama] said, too, that our troops in Afghanistan are 'air raiding villages and killing civilians,'" Palin said, mischaracterizing a 2007 remark by Obama. "I hope Americans know that is not what our brave men and women in uniform are doing in Afghanistan. The U.S. military is fighting terrorism and protecting us and protecting our freedom."

Shortly afterward, a male member of the crowd in Jacksonville, Florida, yelled "treason!" loudly enough to be picked up by television microphones.

(via AS)