2014/06/28

Crimson ProjeKCt @ The Hi-Fi - Sydney 27/Jun/2014

21st Century Touring Band

King Crimson have had so many member changes there have even been off-shoot bands that play King Crimson material but in a different vernacular such as the Crimson Jazz Trio. It shouldn't be surprising to see Adrian Belew fronting a band that features Tony Levin and Pat Mastelotto playing King Crimson numbers. Rumour has it that founding patriarch Robert Fripp never wants to tour Australia so this is about as close to seeing King Crimson live in Australia we're ever going to get. The other 3 members Julie Slick, Tobias Ralph and Markus Reuter round out the formidable sextet and the rest is prog rock, loud and raw. Beware the dinosaurs.

This is the first time I know of that some incarnation of King Crimson are playing their numbers in Australia. I have waited for this for over 30years. Kind of goes to show Australia is still a cultural backwater.

What's Good About It

King Crimson have so many different phases to match the number of personnel who have come and gone. This band does not feature any of the members from the the pre-1974 bust up that prompted Robert Fripp to leave the business for 2 years and then move to New York, and yet their renditions of the 70s classic numbers such as 'Larks Tongues in Aspic Part I' and 'Red' are played immaculately. The post 90s double-trio numbers get a good working out as well, but the real meat and potatoes of the King Crimson material lies in the tricolour albums 'Discipline', 'Beat' and 'Three of a Perfect Pair'. Having missed all of King Crimson's live phases and career,  this is about as good as it gets, and it's pretty damn good fare.

What's amazing about this incarnation of Crimson and its repertoire is that they play it with such gusto and for something like 3 hours, you certainly get your money's worth. You come to realise that the recorded version of the music is just a shadow of this roaring red-blooded rock act. The music played live is far less mannered and much more rudely energetic and in your face. The performance bristles with energy.

The jaw dropping chops, the astounding array of sound and technology, the astonishing artistic choices, the tight control that gives way to sonic abandon, the abstraction, the integration of arrangements, is all entirely mesmerising. You sure don't notice the three hours fly by.

What's Bad About It

Musically, nothing.

The venue lighting guys were terrible. They didn't light the front of the stage properly so we watched Adrian Belew in silhouette, back lit from the stage lights above and back, all night long. It was ridiculous. It was like some high school revue effort and I'm pretty sure there are some high school revues that are lit better than that.

What's Interesting About It

The twin drumming by Pat Mastelotto and Toby Ralph was a revelation. It made me wonder what it might have been like with the B'boom era double trio setup with Bill Bruford, but in most part Mr. Bruford wasn't missed. The polyrhythms, the syncopation, the dialogic interaction, the experimentation with sounds and extended spaces all built to a tremendous sonic punch. You don't see bands with two drummers often but when you do, it changes the perception of rock music. It's a testament to their musical nous and intelligence that the drum interactions come over so well.

The night had a few surprising moments. Tony Levin and the Stick Men half of the double trio played 'Breathless' off Robert Fripp's solo album 'Exposure' (a touch stone for gonzo guitar as well as punk metal, musique concrete and Frippertronics). Amazingly, it sounded very much like the recorded version. Tony Levin was doing the Robert Fripp bits on the Stick and Markus Reuter was doing the Tony Levin bits from the album. Pat Mastelotto was doing a great interpretation of Jerry Marotta.

The encore decidedly wasn't '21st Century Schizoid Man'. The band opted to go with 'Elephant Talk', and 'Thela Hun Ginjeet'.

Adrian Belew - Guitar Rhinoceros, Twang-bar King

I had the exquisite pleasure of standing right in front of Adrian Belew all night long, so I got a close quarter look at how he goes about doing his thing. The most extraordinary thing - amongst many extraordinary things - is how well his guitar keeps tune because he rides the whammy bar hard. He rides it with his palm, he taps it with his ring finger and pinky, he gently shimmies with it and dives right down so the knob hits the neck pickup. It's like what you imagine Hendrix to have been like with the whammy, but it's more. More of everything, all rolled into his musical expression and style. He elicits overtones and harmonics from very different places to where other more conventional players elicit them and he bangs and whallops and bends the body and to get the whole guitar to resonate. It's avant-garde guitar. It's what Pete Townshend probably wanted to do but couldn't so he opted to smash his guitars instead.

It's not just the whammy bar thing. It's the loops, the effects, the abstracted shards of noise, the piano sounds off the guitar synth, the brutal distortion tone that comes and goes with a tap of his foot, the seemingly infinite array of tones coming from the Parker Fly, and then there's the actual playing technique that has to be seen to be believed. It's like he's the jester in the Court of the Crimson King as he foot taps and finger taps and twiddle knobs in between playing complicated phrases, all with gusto and panache. He's one of those people who just invent things and it's perfect. It's like how only John McEnroe plays tennis like John McEnroe. Only Adrian Belew plays guitar like this. I've seen Andy Summers at equally close quarters and Adrian left Andy for dead.

...and he sounds just like on the records. People use the word 'awesome' way too lightly to the point it has lost deeper meaning, and that's a shame. Adrian Belew live on stage is the proper true definition of 'awesome'.

Tony Levin - Stick Monster

I have a personal pantheon of bass heroes. A lot of them are prog rock guys from England that I natter on and on about - Squire, Entwistle, Wetton, Karn... The big exception is Tony Levin who is just about dead centre in my pantheon but I don't talk about him much because I can't begin to emulate what he does. I can come at the other guys because they play bass guitar as a lower register extension of guitars. Tony Levin plays the Chapman Stick - tapping away furiously - and when he plays a normal(-ish) bass, he plays the strings with percussive extensions on his index and middle fingers. I'm not sure what those extensions are made of, and how he goes about getting that tone he gets, but it's a monster tone.

Seeing him live is a revelation. Especially because I've been reading his name on my fave album covers for most of my listening-collecting life starting at 'Double Fantasy' by John Lennon. Yes, he's the bass player there. He's on Peter Gabriel's solo albums; Pink Floyd's 'Momentary Lapse of Reason';  and he's even on 'Anderson Wakeman Bruford Howe' - if you can't wrangle Chris Squire, you get Tony Levin! - not to mention the 1980 onwards King Crimson albums; and he sounds different every time out on all those records. There is no particular Tony Levin sound you can nail him to (unlike say Chris Squire who can be honed in on with a Rickenbacker 4001 bass) or a Tony Levin style except the aesthetic surprise you get when you hear his sound. And all the while, you can sort of play his bass lines on a normal bass guitar to a point but it's just not like anything anybody else does. It's completely original and unique.

So yeah, I finally got to see Tony Levin live, got totally blown away, and walked away with very few hints on how to do that stuff.

The Adrian Belew Power Trio

Which brings me to Julie Slick on bass over on stage right; She seems to know exactly what to do to emulate Tony Levin. At one point Tony got his Stick caught in his belt and so he sort of stopped playing and adjusted his belt mid-song while Julie Slick kept the bottom end engine room going. It was seamless.

Adrian Belew's half of the double trio played a few non-Crimson numbers and were wild.  They are ecstatic players. But if you can play like that you'd be ecstatic too.

Random Thoughts

Adrian Belew is a gentleman. They say "never meet your heroes", but every gonzo guitar player should have the joy and pleasure of meeting Adrian Belew.

Tony Levin looks like Walter White. Just much nicer and more approachable.

Julie Slick wore these really funky shoes with one foot blue and the other yellow, adorned by dogs.  They were cool.

No Robert Fripp? No Problem. Markus Reuter had those chops down. He even looked a little like Robert Fripp with the glasses.

Pat Mastelotto looked a lot more imposing in person than in photos. He has a lot of power.

2014/06/26

Today's WTF Moment

The Clive Palmer & Al Gore Double Act (Is-This-Even-Allowed?-Edition)

Man, this is really weird. Al Gore, he of the uncomfortable truth, is in Canberra, standing should to shoulder with none other than windbag millionaire Clive Palmer selling an ETS. Clive Palmer's pitch is pretty whacked out and boils down to 2 things: PUP will voe to repeal the carbon tax if the energy producers are mandated to return that money to households. PUP will then want an ETS in place to replace the carbon price, and this ETS should be contingent upon other nations namely America and China undertaking a version of their own.

It's creepy because  Clive Palmer is essentially using Al Gore's post-VP star to cast his repealing in a climate-friendly direction. It's very odd because I can't imagine the flipside scenario where say, Paul Keating would stand shoulder to shoulder with Nancy Pelosi in the US Congress, talking about things in the US polity. Doesn't this sort of break a bunch of diplomatic protocols? How do we know the CIA isn't trying to influence Clive (or that they already haven't) who we know is given to conspiracy theories that feature the CIA? You also sort of wonder where Al Gore's head is at, making this appearance. Since when is he a friend of the crackpot wing of Australian politics?

Pardon me while I try to wrap my head around this bizarre spectacle.

The PUP leader said the government's Direct Action policy was "a waste of money, at a time when families, pensioners, young Australians, stay at home mums and single parents and indigenous communities are facing unfair measures in the budget, to increase excise and indexation is not the answer".



Climate change was a global problem, he said, and Australia had to play its part.


He said the Palmer United senators would move, while supporting the repeal of the carbon tax, to establish an emissions trading scheme.



The scheme would only come into effect when Australia's major trading partners established similar schemes.


"This measure cannot be defined as a financial measure, it will have a carbon price [of] zero,'' he said.



A price on carbon would then be introduced down the track.


Mr Gore said Mr Palmer's announcement was an "extraordinary moment in which Australia, the US and the rest of the world is finally beginning to confront the climate crisis in a meaningful way".



He cited President Barack Obama's recent moves to reduce emissions in the US and pilot programs of cap and trade schemes in China as evidence the world was moving to tackle climate change.



"All of these developments add up to the world moving to solve the climate crisis and that is why it is so significant that Clive Palmer has announced that his party will support the continuation of the renewable energy target, and the continuation of the Clean Energy Finance Corporation," he said.



"While I will be disappointed if the immediate price on carbon is removed because it is a policy which I believe to be ultimately critical to solving the climate crisis, I am extremely hopeful that Australia will continue to play a global leadership role on this most pressing issue."


The event comes ahead of Mr Palmer's meeting with the Prime Minister on Thursday morning.



Well, that's pretty nutty, but a good kind of nutty. Like a Marvel comic book movie moment when two unlikely characters turn to one another and work for the common good. The villain in all this is now Tony Abbott, he of the abysmal popular support. He can't possibly be enjoying this turn of events. 1st of July is going to bring in a bunch of people who are going to toe this Palmer United Party line, endorsed by Al Gore. If Tony Abbott's going to get to keep his promise of 'repealing the Carbon Tax' (just typing that makes my eyes hurt), it's going to cost him a pound of flesh from inside his skull. He can no longer count on the conspiracy-nut Palmer to play along with the climate change sceptic script. It turns out Palmer is a conservative nutbar, but clearly not the same brand of conservative nutbar as those in the Coalition government.

What worries me is how the SMH editor (yes, that fool) is busily talking up the Palmer United position. It can't be that good if it impresses that little mind.

These Guys Can't Do Diplomacy Either

That sucking, gurgler sound you're hearing from Canberra, that would be the Abbott government just sucking up the joint.

A few weeks ago, The Abbott government started disputing the terminology 'occupied' in reference to East Jerusalem. It's hard to fathom why the Australian Government would want to break ranks with the rest of the world and come down hard in favour of Israel and against the Palestinians, but that's what they did. And the world heard about it - especially the Arab speaking world - and took notice.

Pleiades gave me a heads up and it seems Bob Ellis seems to think that the jailing of the Australian Journalist Peter Greste was a reprisal for this moving of the terms by Australia. No wonder our pleas to have Greste released ave fallen on deaf ears- and our government is too stupid to understand just what has happened.

What's amazing is that just as with the budget, this government has kicked an own goal in the diplomacy stakes; and the joke is on us because they weren't even asked to offer up an opinion. They just blurted out something that has ended up boomeranging right back.

2014/06/24

Equal Opportunity Rhetoric Is A Bit Rich

 Anything To Make Themselves Look Good To Thesmelves

One of the more illogical things from this Abbott Government - and there are many illogical things about this government, but bear with me a little - is this notion that it wants equal opportunity but it's not interested in equal outcomes. The apparent reasoning goes equal opportunity is good because everybody is different and everybody is talented to different levels so if the opportunity is equal then the outcome would be different in proportion to the talents and efforts of the participants. This in turn justifies the notion that outcomes from equal opportunity may still be unequal, but that's okay because the government delivered the front end of the process. If there's a bit of inequality around, that's because some are more hard-working than others and some are more talented than others and so the rhetoric goes.

Equal outcomes on the other hand are evil because it takes the incentive away from the talented or hardworking or the talented-and-hardworking (often they insert their narcissistic self-image here) and holds them back to put them at the same outcome as the lazy dole-bludging scumbucket commie youth (and this is where they insert a an old image of the Paxton brothers). This rhetorical flourish has been going on for some time now and nobody in the ALP ranks has actually gotten up to say "if you want equal opportunity by that account, there should be 100% death duties" because that would be the ultimate in a level playing field.

Or they should abolish Private Schools. Or they should abolish family trusts. All these things would bring things much closer to equal opportunity. As it is, the rich get to have so many ways to make opportunities unequal, and the Coalition is in favour of all those things. Yet, there's no logical way this coalition government can truly be standing by its own rhetoric covering equal opportunity. Furthermore, because nobody on either side of politics is willing to pursue the reductio ad absurdum of creching all the children born in our society like say, the ancient Spartans did,  we can safely say that the Coalition don't (and won't and can't) even believe in equal opportunity the way they describe it, any more than the ALP is pushing communism. That is to say equality of anything is not really on the agenda for the Coalition. Everything they say about equality is a flat out lie to cover up what they want to do which is to entrench privilege. Let's not forget George Orwell called this rhetorical double-cross Doublespeak.

Inequality in our society is rising quickly partly because we keep going back to these same tired, illogical rhetorical cliches about equality in our society. If John Hewson is willing to say the gap is too big to be papered over by the rhetoric of equality of opportunity and not outcomes, then we can safely say there's something pretty unequal going on.

But the former Treasury economist, IMF adviser and investment banker does find the Abbott government guilty of serious unfairness: “They raised expectations that the budget would be fair, but it it’s very inequitable. They said everyone would share the burden, but they clearly didn’t except for the cosmetic 2 per cent levy” on people earning more than $180,000 a year.


“That’s 1 per cent of the income for a higher earner, but they’ve made sizeable cuts of 10 per cent to 15 per cent for people on low incomes” through welfare changes. “It’s a significant hit to people on low incomes,'' he says.


About two-thirds of the adult population agrees with Hewson’s charge of unfairness, according to the polls. But what of Joe Hockey’s rejoinder to the complaint that the budget is unfair? He’s said that government isn’t supposed to deliver equality of outcomes, but should aim for fairness of opportunities.


“There’s too big a gap between equality of opportunity and equality of outcomes,” replies Hewson.



 It's a weird moment in history when you find yourself agreeing with John Hewson, having vehemently voted against him back in 1993.

 

2014/06/21

Politics As Quackery

Moneyball This, Mr. Beane

Politics in Australia is detestable. It's pretty detestable in many parts of the world so even wasting one's breath about it is nauseating, but the problem with politics is that it is the problem that won't go away. The rise of the political class makes you wonder if we're even going about it the right way. After all, if the point of politics is a career, much like a profession like Medicine or Law, then it's already anti-democratic. It means not anybody can run for office and get in. Of course we find the system is rigged so most anybody can't gate crash the important discussions that set policy.

It takes years and years of toiling in the system and inching one's way up the greasy pole. That's how all of them get there, and woe betide the blowfly who does manage to stumble into the room.

The reason I mention this is because Ricky Muir - he of the roo poo throwing - gets a really bad press. There's no way Ricky Muir is going to get good press because just as Pauline Hanson before him, he is an unpolished media performer with nary an education worth squat. His opinions (and yes he's entitled to have them even in office) are ill-informed and ill-formed by most standards. But the problem is, what exactly are these standards? They're standards created by the expectation of media performance. The media would say it's the standard we as the people demand, but on some level I'm very sceptical about this. For the most part,  I would be interested in Mr.Muir's opinions should he care to express them coherently.

What makes it worse is that our basis for comparison is the long list of politicians we see every day. On ay given week during rating season we're shown the idiotic media spin competition that is 'Q&A' where political hacks take a swing at gently lobbed questions from a neutered audience. We make bad infotainment out of these things and we think proper discussion has taken place. The fact of the matter is months upon months of episodes of 'Q&A' failed uncover what exactly the Coalition had in mind when it came to power, prior to the election. This would suggest we should really disabuse ourselves of this idiotic notion that the media is here to contribute to our democracy when in fact we can point at season upon season of 'Q&A' as vivid proof it does no such thing.

Truth of the matter is, we don't have any way of assessing how 'good'/effective these politicians are at doing their jobs. We have no basis for comparison, no tangible way of measuring efficacy, no way of knowing anything. It is like we're watching actors in an improvised avant garde play with no discernible script or direction - but we think we know what a good performance or a bad performance is on the basis of having watched lots of these performances by other actors. What passes for talent might be no different from things that get actresses cast on the basis of their 'fuckability'. Hence, Ricky Muir presents us with an unique opportunity to find out just what is the replacement level politician. The day Ricky Muir starts looking polished we'll know one thing for sure, anybody can be in politics, and what these politicians do is no great shakes at all.

I'm not writing this to defend Mr. Muir - who sounds just stupid enough to vote with Palmer United to repeal the Carbon Tax and the Mining Tax, but to point out just how abstracted our expectations have become for politicians. We're displeased by the blowfly who got into to parliament because he's no better than the yobbo down at the shopping mall. But we're equally displeased with the politicians who give good media performances as they dismantle what is important to us in our democracy. It seems to me that we'd better start getting our priorities straight.

Kevin Rudd was a polished media performer but he turned out to be a chaotic Prime Minister who lost support from his own party within a term. Julia Gillard was nowhere near as good a media performer, and somehow let the single-minded fatuous Tony Abbott beat her about the head with broken promises. We put it down to the ALP not being able to communicate their message, but maybe there was something even deeper wrong with us, the electorate. After all, we voted in Tony Abbott and his  ideologically unhinged Coalition. Clearly there's something deeply wrong with the way we're picking our politicians. Otherwise we wouldn't be beset with the feeling that we're not being given real choices when we stand in the ballot booth at every election.

Lobbyists Are Frontrunners

Imagine you could listen to the legislation passing before anybody and talk to people passing the legislation before anybody, and could tell them you represent a block of the economy that is x% of the economy and you could wield influence. Then you have ordinary citizen Joe and Josephine Blogs with their one vote and the ability to go visit their MP and have whinge about the $5 fluctuation in some Centrelink payment. realistically speaking, who do you think is going to influence the course of democracy more? Now imagine a whole bunch of these lobbyists traveling in packs and invading Parliament House to pitch their positions. It wouldn't be long before what they're asking for passes for policy - because we certainly know that Liberal Party can't seem to formulate ideas on their own - and ends up hurting the majority to help the few.

The Lobbyists aren't only corporate lobbies. The ACTU and the trade union movement that funds and backs the ALP is essentially a lobby as well - ad Julia Gillard's great loyalty to them saw to it that they had special access to the highest elected office in the land. When some of these union bosses turn out to be like the people who ran the Health Services Union (like Craig Thomson), it's hard to take the line that the Labor Party is somehow here for the greater good. The credibility gap essentially killed Gillard's tenure as Prime Minister; and by the same token, the closeness of Tony Abbott to his corporate supporters essentially sinks Abbott's credibility.

Still, it has been going on for many a year and it will go on for many a year more, so we probably should just get used to it, but all the same, one of the most anti-democratic forces in this country are the lobbyists. It's just amazing to see a government that gleefully gives in to the lobbyists at every turn.

 

2014/06/19

What The MP Writes To Us

Craig Laundy, Federal Member Of Reid

The Federal budget has been such bad politics, the MPs have been asked to go stump for it in their electorates, trying to explain the extraordinary political stink bomb let off by Tony Abbott and Joe Hockey.

Laundy LetterIn the cover letter, Laundy insists that there is a budget emergency. He cites in his letter that Australia's debt - Federal government debt - is 200billion for which we are putting ourselves further into debt at the rate of 1billion more to pay the interest rate on the 200billion. Just looking at the numbers, it seems he is saying we're paying 12billion a year on 200billion which is about 6%.p.a. This can't possibly be right because the RBA has its rate at 2.5% - the lowest in the history of the RBA - so even the numbers don't stack up in first glance. Australian Treasury Two-year note yield rose significantly today and was 3.74% today. So either Laundy can't do the maths or the people who ghost wrote the letter for him can't do maths.

It's almost as if these people want to cut the budget because not only do they know they're no good at maths, but also that they want to do away with complicated compound interest rate calculations from budgets forever, and that's the only reason a surplus looks so-o-o-o attractive to these munchkins. It's not for their mendacity (which they are mendacious, but we'll let that slide for a moment) but their willful stupidity and fearlessness in admitting it, that they even mount their position in this way.

Debt - bad. Surplus - good. D'uh. Complicated compound interest calculations - bad. Surplus - good. D'uh and double D'uh. The worrying thing is that just because they insist it's 6% doesn't make it 6%.

And you worry about people who want to shortchange you 2.26% even in a hypothetical discussion. That's a 60.43% inflation in the interest rate right  there. Leaving the total dodginess of the sums aside, economists have determined that running a budget surplus is going to be a 1% drag on the GDP growth, so the assumption that surpluses are good for economic growth is completely stupid.

Laundy then argues that the people who argue that there is no emergency are "engaging in political spin". It's a firm assertion, but most sensible people would see it the other way around - that it is Mr. Laundy and the Coalition who are busily "engaging in political spin" to somehow force-feed us the unpalatable budget they have concocted. After all, if it weren't such a shitty budget, why would they have to come up with a super glossy A3 brochure as well as this cruddy letter?

The sentence which follows is even more strained:
What use is having the lowest mortgage in your street if you not only can't afford the repayments, but have to ask the bank to borrow more money to pay the interest on your loan?

In a way, perhaps yes, it's interesting they picked that as a metaphor. First of all, likening government debt to being underwater with a mortgage is deeply suspect. We're not all working to pay off Parliament House - we're paying taxes so the government can do things. That's not a small difference. That's a big difference. You worry about people who conflate their arguments - especially straight after they've tried to con you out of 60.43% of the interest rate return. After which he insists for the third time "be in no doubt this is a budget emergency and it is clearly unsustainable."

I understand that the Abbott government is doing its best to overstate the dramatic need for cutbacks but coming up with stupid metaphors isn't exactly persuasive. The letter says "something has to be done". Well, even if that were true, the case certainly hasn't been made that something should be what the Coalition is proposing in its budget.

Glossy But Crappy

Glossy Brochure Of Slogans

The chinless wonder with the gerbil charm in the bottom left is our local honorable Federal Member for Reid. Enough to make your knees weak with the fear that a rodent may be gaffer taped and inserted into one of your orifices by this man.

The Coalition never really sent out what their exact policies were, prior to the September election. They were going to stop the boats and repeal "the Mining Tax" and "the Carbon Tax". They repeatedly told us there would be no cuts to health or education. So what does the glossy brochure tell us?
1 We've secured Australia's borders

2. We're fixing Labor's debt and deficit mess

3. We're laying down a strong foundation to grow the economy and create more jobs

Well. I. Never. Would've - in my wildest dreams - thought they would do such things. Not only did they not have policies worth writing about - they had handy slogans instead - they've lied about what they would do. They've raised taxes, cut health and education and they've gone bananas in trying to shut down science and technology development in this country, not to mention done their best to shut down agencies dealing with climate change. That bit was predictable.

What was not predictable was that they would then send out a glossy brochure that hurls even more slogans off the page.

The problem with democracy is that we are always held hostage by the lowest common denominator of intellect. The dumb-and-ignorant, amassed in numbers will always beat the individual thinkers with their puny one vote each. And thus sloganeering has replaced proper discussions of policy. It's as it is with Gresham's law where bad currency rids us of good currency, bad ideas have rid us of good ideas and bad thinkers have rid us of good thinkers. What's remaining is the media spectacle that is the Abbott government and their flunky right wing nutjob media commentators. You never would have thought Australia would sink this low, but ... it has. Let the gerbil-baiting begin!

 

 

 

 

2014/06/18

Where QE Has Taken Us

The Central Bank Conundrum

In the past week, Mario Draghi put through the policy of negative interest rates. He said the idea was to push savings out and into investment. This has had scribes scribbling around the world as to exactly what it means, but parsing through the writing it appears the most dreaded thing for central banks is asset deflation. It appears that we've hit a point in history where we just can't let asset prices fall because too many things are tied into the prices as they stand, even if they are bubble prices. In other words, the whole Zero Interest - and now Negative Interest policy has been a desperate attempt to keep everything in their leveraged positions.

To this end, central banks around the world have been running what amounts to a price-keeping-operation, partly through printing money, partly through bluff, but also by buying equities. It turns out central banks have bought 29trillion in equities around the globe. 'Abenomics' in Japan has been running a gambit where pension funds have been buying equities at the behest of the government. 29 trillion is a lot of money when you consider the size of the US economy is 17trillion. No wonder investors around the world have looked at prices of shares and said a bust is due. Yet amazingly share prices of blue chips have kept soaring. Well,they would if Central Banks are buying them with printed money.

Now I'm not one of those people that bangs on about the failing of the fiat currency but any way you look at that situation and you have to ask, should equities be a one-way bet? But the Central Banks do this because they need share prices to stay high.

Zero Interest rates have been in place for many countries and the effect of that has been to amplify the carry trade where the US Dollar has surged out to 'emerging economies' in search of yield as well as re-inflate the property bubble in places like California and London. Once again, asset prices are getting supported over just about any other consideration. So much so that a hypothetical interest rate rise of 0.5%would jeopardise US$13trillion worth of derivative products. Again, we're not talking chump change here.

The problems of falling asset prices would be the banks being unable to cover all the positions. Take Deutsche Bank, which has  200trillion dollars worth of exposure to derivatives as an example. If asset prices deflate even a little, there will be massive movements in those derivatives and would easily wipe out Deutsche Bank. And if Deutsche Bank should fail, the fallout form that would be a whole bunch of banks going down with it.

And so we're stuck with Central Banks busily trying to re-inflate asset prices whether they be shares or property or bonds. They're printing money to do it, which means inflation is going on pretty hard out there somewhere. The proper analytical explanation of inflation is going to be too much money chasing around too few things. If you print enough money there are too few things by definition. If the printed money is then used to buy the share market, it seems the inflationary effect will be amplified. Similarly if money is  printed to buy the bad debt derivatives from the subprime loans crisis, there will be too much money chasing around too few proper investment vehicles. What happens i the things that are affected the most are not houses and fancy commodities but things like grain and foodstuff? Doesn't that sort of destroy the purchasing power of people living in the third world? Won't this bring massive social stability around the globe? And still the Central Bankers are trying to re-inflate the asset bubbles.

It's not the speculation that is the problem; it's the process of simultaneously destroying value while preserving prices.

When the GFC came about, there was much discussion about moral hazard and the US TARP bill which was an emergency loan to banks to shore up their bottom lines. We threw precaution to the wind and supported TARP because without it, our banking and our  superannuation accounts would have been shot. Since then banks have received the mos support from Central Banks in order to set their books straight. The bankers even drew up  Basel II and Basel III agreements so that banks could be held to a standard to lessen systemic risk - or so the argument went. And yet the net effect of all this has bee the destruction of the middle class in America (with the possibility looming for Australia yet), with the super-rich getting ever richer. The guy on Main Street got taught a lesson moral hazard at his own expense, after having his life savings taken hostage. The guy on Wall Street simply got a green light to continue doing the stupid things that got all of us into such a sticky strait.

So 6years-going-on-7, I think it's a good time as any to ask just how well all of this is working out. The debt of the world combined sits at 720trillion dollars. The world economy combined is somewhere around 70trillion. We're not easily going to pay off that mountain any time soon. That being the case you wonder how long the whole charade is going to go on. We might have kicked the can down the road nicely back in 2008, but we're running out of road.

Discounting Inflation

One of the more pernicious things that has happened since sometime in the 1970s is that governments have changed the way they measure inflation. The net result of doing so has been to under-measure the real inflation out in the market place and claim inflation has been tamed. Again, this was particularly true in Clintonian America of the 1990s, where they invented some strange practices, which have since been adopted by the rest of the world as a 'standard'. The basket of goods used to measure CPI has changed so much since the 1970s that it really bears no relationship to the figures that have come before. It's been made to look more palatable by adding in luxury goods as well as items imported from overseas instead of items produced in the first world, which of course means we're importing the deflationary pressure from the third world.

Obviously it works out much better for Central Banks and governments if they can turn around and point at lower inflation figures. The problem is that we are printing money in an awful hurry in many parts of the world, and at the same time China is running out of cheap labour which meas there won't be a whole lot more deflationary force to be imported from China, the world's second largest economy. In fact the Australian Financial Review had a headline in the last week saying just that; that the RBA has erred on the side of too low an official interest rate.

This is of course kind of ironic because on the one hand central banks the world over are fighting to have more inflation and no deflation on asset prices. If they simply went back to measuring the CPI the old way, they can probably see just how much inflation there exist sin the current system. Also, by under-measuring inflation, they're setting themselves up for lower interest rates and thus looser monetary policy which of course does lead to more inflation. The longer the low interest rate regime runs, in a sense we're making real a greater inflation without having the means to measure it. We're already way too comfortable with the low interest rates. Even without the discussion on moral hazards, you'd think the central banks have got to figure they have one on their hands.

2014/06/17

'X-Men: Days Of Future Past'

1.7 Gigawatts And It's Back to ...1973!

The X-men franchise is getting on a bit. It's always been pretty good,what with the original crew headed up by Hugh Jackman bearing the standard. Some of the entries across the 7 or so films have been less interesting than the others, but overall, the X-men movies are the movies that keep delivering for Fox.

Spoiler alert. Don't proceed if spoilers would ruin it for you.

What's Good About It

1973. Come on, you thought I wouldn't say so? It's a little bit like 'X-men does American Hustle'. It even features Jennifer Lawrence who was quite convincing as a denizen of the 1970s in 'American Hustle'. The scenes of a very hairy Wolverine and Charles Xavier driving around in a Cadillac and wearing brown leather jackets, sporting sideburns was quite fitting. The mimesis of the film is Part 'French Connection', part 'Twelve Monkeys', part 'Dick', but also part ret-conning the 'X-men First Class' movie on to the older X-men movies, this one has some interesting moments of character interplay. And really, it helps a comic book movie greatly if the characters give you something more than just smashing through stuff.

What's Bad About It

I'm not sure the movie makes sense by its own logic. There's something of the story that leaves you a bit miffed when at the climax the bad future fades and disappears. Only Wolverine and Charles Xavier know what happened but there's no real objective evidence for it having happened. In that sense it shares the problems of "it was all a bad dream" ending.

What's Interesting About It

I undersold this movie in the introduction above. It's actually a great sentimental movie, pulsing with the love for these characters. It's downright melodrama, but there's enough of an edge to it to let you forget how melodramatic the story is. The best bits of the film are things like the scene where Wolverine makes the young Charles promise he will put together the X-men and find Jane Gray, Scott and Storm. If we didn't know how important that was - having seen the  earlier films - then how could we ever weigh up the importance of Wolverine's plea?

Some people won't like the sentimentalism of this nature, but after 6 other X-men movies it seems acceptable to have one rendition where everybody is being brought together for great stakes, and for once we get to see past the comic book superhero facade. It's interesting that after 5 films and 1 cameo, Hugh Jackman is exerting such moral authority with his Wolverine character. It's interesting when the young and old Charles Xavier talk. It's interesting when Magneto takes matters into his own hands twice, once as an old man and once as a young man and each time he fails.

The Suffering Of Magneto

Magneto is actually the emblematic character in the X-men movies. The whole cycle of movies started way back when with a beginning rooted in Auschwitz, where we first saw the mutant powers of a Jewish boy who could magnetically manipulate metals, remotely. Having survived the Holocaust, Magneto is hyper-motivated not to suffer the same fate of being on the end of an extermination campaign just because he is a mutant.

Effectively he is facing a pogrom for the second time in his life when the film starts, so in some ways his determination to fight for his cause is far more understandable. As villains go, Magneto's motivation is possibly the most sympathetic. The irony is that he himself is some kind of Nietstzchean superman, so when he decides to take matters into his own hands, he has essentially given in to the inner fascist implanted into him in his childhood. It's totally tragic, because it's almost the moral mirror image of 'Schindler's List' - to survive, he thinks he has to put together a list of people who have to die.

As with all the installments, it is Charles Xavier who has to appeal to his compassion and sense of justness to rein in the runaway fury, but no matter how many times I go back to these X-men movies I can't but help think that may be Charles is fundamentally wrong about the universe he inhabits. If there were mutants with such powers, there may well be a struggle for survival and Magneto would be entirely justified in being as radical as he is. It's a scary thought that puts me in the shoes of Peter Dinklage's character Bolivar Trask. It's actually quite uncomfortable to watch at times.

Tolerance And Takei

On a tangential note, the film has had mixed press about its racial politics. The film kicks off with a multi-cultural, multi-racial bunch of mutants in the future, but they give way to the same old heroic white people in the middle where it counts. I get the criticism for this sort of critique but on another level, it's not like it's the only film that's guilty of populating the important story arc with heroic white people. It's probably some progress Hollywood wants to do things this way than not at all.

Importantly, the film references the original series of Star Trek, which must have been the grand-daddy of all tolerance texts in the history of American screen culture. We see Captain Kirk babbling on about a time travel scenario, and it cuts to George Takei as Mr. Sulu. Mr. Sulu and Lt. Uhura broke huge ground for non-white actors, and consequently the position on tolerance in American society itself. Not only has George Takei stood up for the Asian community, he's been a vocal activist for the LGBT cause, so it's very evocative to see the 'Star Trek' cuts in this film, and reflect on the distance traveled since 1973.

"Dickie's Such An Asshole"

Inevitably, the film features a fictional Richard Nixon. This portrayal of Nixon doesn't have the punch of other portrayals; he's barely there. The gag of the tape recorder in the drawer getting turned off was funny, but otherwise it was a very odd portrait of Nixon, largely untainted by Watergate. I guess we need to be tolerant of a President in history full of interesting foibles too.

The more interesting aspect of going back to 1973 probably is the fact that the last years of the Nixon administration were the years in which faith in the American government was destroyed. not only did America lose the Vietnam war - which is of course touched upon in the story of this film, Nixon ending the gold standard essentially cut the world's currencies adrift, and with it unleashed a multitude of valuation and therefore moral relativism. Part of the reason why the 70s hangs so heavy over this film as well as 'Captain America: Winter Soldier' has its roots in the disintegrating trust in the public institutions that ensued.

The end of the monolithic government started with Richard Nixon and Watergate and really has culminated with Wikileaks and Snowden-in-exile. Is this all Nixon's fault? Most definitely not, but it is an interesting thing to see both Captain America and X-men round in on the Nixon administration as a cornerstone of its re-tellings of history. In that sense, it has a great deal in common with 'The Watchmen' where the reign of Nixon's Presidency does not end and goes into the 1980s. On one level, it arguably did.

 

2014/06/06

Screw Malcolm Turnbull

Just Wanted To Share This Quickly
Helen Razer's writing behind the pay wall for Crikey but had an awesome column today. I just want to copy out a couple of paragraphs and share it with you all.
On Monday, Crikey's Bernard Keane analysed recent findings of the Essential Report on preferred political leaders. If we don't count the very popular "someone else" choice as prime minister, Malcolm Turnbull is the resolute fan favourite. He's really not a bogan.

The man who likely gainsaid his own green credentials in a Solomon Islands logging deal and put an end to the great infrastructure build of the NBN is beloved by Green and ALP voters. In an era of "check your privilege," it seems that the dapper Turnbull is far too well-groomed to be required to check his. While it is true that he chooses to accessorise with a few neutral items from a progressive grab-bag like the Republic and same-sex marriage, it is not true that he is a minister who gives half an apparent shit for making his portfolio work in the lives of non-corporate Australians. Let's set aside for the moment the sheer financial irresponsibility of a man whose policies will doom us to the expensive maintenance of copper wire and prevent a nation in industrial freefall from learning from the South Korean national program, and just think about the NBN in the most basic progressive terms. This guy wants you to pay for a good road to your door.

Somehow, though, the silver fox is largely seen by progressives as a viable alternative to Abbott. This is despite the fact that he can claim no real ideological distinction and, in fact, should really -- given that he "invented" the internet in Australia -- should and does know better about the economic and social value of the abandoned NBN.
What Greens voters are thinking is largely beyond me. As a progressive voter, I would certainly nominate Senator Cory Bernardi as my preferred Coalition leader. That guy, in advertising the contents of the stinking box, makes the buggers far less electable. But, in the eagerness progressive voters have to distance themselves from the "bogan", they are happy to embrace the ruling class.

She's quite right. the progressives are kidding themselves if they think Malcolm Turnbull is somehow going to save the day. It would be much wiser to proceed on the assumption that he won't be much help at all. In fact, he's already out there quite vocally saying he supports Tony, he doesn't have any ambition to destablise Abbott, and that he wants to help sell this crappy-piece-of-shit (my adjective) budget. And so it should be repeated quite loudly - support for Malcolm Turnbull is giving into one's own snobbery. So screw that thought with a big stick and get on with the real project of ousting the CONservatives.

2014/06/04

We Live In Messy Times

The Mess Age

Years ago, when I was in a band called... okay I'll just call them 'Mess Age' for now. In Mess Age was the lead singer who was a long-suffering person with LSD - Lead Singer Disease of the Ego - and during the 196 election he quipped that if he ever won the election he'd nationalise everything and bunker up in Parliament, surrounded by the army. When I pressed him on why he thought nationalising everything would be a goo idea, he said he didn't really know but it was the sort of thing Hitler might have done. When I asked him if he aspired to being like Hitler, he said, "not the killing Jews bit, but nationalising everything would make society equally unfair."

Now, I'm not a communist nor a Stalinist, but I found it interesting that he thought true equality entailed being equally unfair on everybody. And the ramification was that people would hate him and so he would probably have to go to Martial Law and bunker up in Parliament House. It's a peculiar vision from a peculiar person, but I'm sharing it with you now because it seems oddly relevant.

If you come to power and forcefully enact a raft of policies that are deeply unpopular, you can expect the peasants to revolt, so you may even have to mobilise the army for Martial Law. Tony Abbott isn't exactly nationalising everything, but he's ripping whole planks of our social contract to shreds. He can legitimately look forward to people coming together forming unlikely alliances to confront him. In the same sense, if it should go to a Dismissal, he may actually be the sort of person lacking in common sense that would mobilise the army against its own citizenry.

The Price Is Wrong

I know I write about education a lot but with each passing day I have yet another reason why the current budget is wronger than wrongness itself when it comes to education. The Coalition is trying to put in a $7 co-payment for every GP visit. This is a deliberate plan to put in a disincentive for people going to the doctor. If $7 is supposed to deter you form the doctor, then presumably $20,000 is supposed to deter you from your education. It strikes me that a government that could do with more knowledge workers want to put in even bigger disincentives for education than already exists. The world is only going to get even more technologically demanding, be more in need of scientific rigour, in need of wider understanding of our humanities; none of these demands upon people is going to be less in the future. Why in God's name would you be erecting serious barriers for getting an education?

The downside of such policies beyond the evils of inequality and locking in privileges for the rich is that through the lack of mobility in such a society, our academies will genuinely wilt in quality and output. For all this talk of competition, it is in fact diminishing genuine competition for the best minds. I'm certainly no friend of the sandstone monstrosities we love to hold up as our glorious universities, but I have to say our lives and future would be much worse if their doors narrowed so that only the rich can get in. Unless we want to be like a third world nation, it's really not an option that should be countenanced by a major party - even a seemingly brain dead conservative one.

But Who Can Take Over?
Yes, that is the question as Dear Leader Tony Abbott continues in his unsustainably unpopular ways; it's almost like a bad parody of Julia Gillard's time as  Prime Minister. At approval ratings of 30%, L'Abbottoir is hitting the same kind of nadir as Julia Gillard. Naturally we must ask ourselves whether this is Malcolm Turnbull's Kev-Return moment. If one were a tea-leaves reading prognosticator, one might be persuaded that there was a game afoot, but seeing that these are conservatives, it is against their very nature to rock the boat in government. It was certainly the case with Peter Costello who mumbled complaints about not getting a go as PM, all the way to a quick retirement from Federal politics. These conservatives just don't do spills with the exhibitionistic fancy-pizazz of the ALP or an award night for porn stars.

The other candidates that might or could replace Tony Abbott are actually not that inspiring. You can count Joe Hockey out for he too is tainted by this lousy budget. Julie Bishop inspires no hope (which makes her hope-less by definition). Morrison, Pyne and Hunt simply won't do because they're the faces fronting for divisive policies, while Kevin Andrews is too inane. So that leaves Malcolm Turnbull once again but you can sort of see the right wing hard cases squirming in their seats at the thought of the member for Wentworth lording it all over them again. In other words, they're talentless as well as gormless.

Thus we may yet be stuck with Tony Abbott thanks to a spineless clueless Liberal Party room. They may therefore stick with this lousy excuse for a budget, much of which likely won't pass this Senate or the next, thanks to its enduring intrinsic lousiness. They might find themselves backed into a double dissolution even without Governor General Peter Cosgrove having to sack Tony Abbott (although that remains a fat juicy fantasy shared by many bloody-minded observers). We can only hope and dream.

 

 

2014/06/02

Things I've Been Watching

There's So Much TV To Watch

One doesn't really want to go into a situation where one ends up waiting for the next episode. But once one goes down the alley of 'Game of Thrones', one must then confront the reality that one must wait an awfully long time for this story to unfold so in the mean time one had better get used to it by filling the intervening time with other TV content. besides which, one can be advised most frequently on any number of splendid shows one must ought watch to keep up with the one's discourses with one's friends and family.

So, one must necessarily watch this stuff. And one is amused.

Newsroom

Aaron Sorkin is at once the lauded TV creator and the much reviled target of envy in the world of TV productions. Was 'West Wing' so good? I have friends who thought that was just the pinnacle of political fiction on TV. I guess in the years of GW Bush, people would want to see a liberal riposte to the sorts of challenges GW Bush was bungling. So it's with great interest that Newsroom presents itself as a show about a bustling newsroom that tackles current events and the limits of news media on television.

It's a nice show, with nice characters and if you can get used to the incessant ping pong dialogue of way too many words filling the air, it has its witty and well-observed moments. Jeff Daniels's Will McAvoy is a varied, interesting character around whom they have built the show, and it's nice that he bears watching. On the other hand, his comic foibles place him as a close contender with Will Ferrell's marvelous creation, Ron Burgandy.

You can do worse than spend time watching these characters. They all seem like really nice people that you might like to have as friends. Maybe it's the one show that doesn't lean on personality disorder as a crutch to tell exciting stories.

House Of Cards - US Version Season 1 & 2

In stark contrast to the nice people inhabiting 'Newsroom', the US version of 'House of Cards' is pretty intense and misanthropic. I think the creative team were probably aiming for Machiavellian but end up more in the psycho ward. This show is filled with personality disorder and psychopaths. It's essentially "Kevin Spacey and Robin Wright do some crazy spooky wicked things to get to the top" kind of story.

It's sort of a picaresque, and draws greatly on the device where the character addresses the audience. Kevin Spacey has likened it to playing Richard III. The story of a party whip taking control doesn't play so well in the American context because the American two party system is in some ways more diffuse thanks to the geographic enormity of America itself. All the same, the logic of how things tumble and fall, giving rise to interesting scenarios is eminently watchable.

Having watched two season and seen how it ends up, I'm not so sure there's a whole lot more to this story that it could go beyond Season 3. You hope they finish this thing properly rather than let it bleed and hang on for many a dead season. One of the mercifully great things about 'Breaking Bad' was how decisively they were able to end it.

House of Cards - UK Version

Having watched everything that's available for the US version,it seemed logical to go hunt up and watch the old BBC version. Of course, the machinations of a chief whip makes much more sense in the British Westminster system. Knocking off a Prime Minister who crosses the path of Francis Urquhart is much more feasible in its native context.

It's enough to make me wonder what this might look like in the Australian parliamentary context. I have a hunch we might find out in the coming weeks, what with the dreadful polls for Tony Abbott. Can the Tory pollies really stand not to be loved?

It's a good bloody question. :)

2014/05/30

Quick Shot - 29/May/2014

Shooting The Messenger Involves Shooting

I don't have much to say about the gender-politic cries of misogyny pertaining to the mentally ill Elliot Rodgers who went on a spree-killing, and has made the headlines for the usual wrong reasons. I'm always bemused-but-incensed by the people who want to point fingers at computer games or books or music or films or TV shows for the reason a crazy person decides to go and shoot people. It's like all the boring people on the planet want to make the planet boring down to their level of boring-ness when in fact life is pretty complicated and interesting when it involves the arts.

I collect media. I'm not a manic collector, but accrue them out of love, labour and legacy; and I have done so for decades with enduring respect and joy. I haven't gone on a spree killing rampage at all. I do have my dark moods, and some pretty fucked up depressive thoughts that fucked up depressives get when the black dog comes barking. The crucial thing might not be the media I own so much as the fact that I don't have guns. The most evil movies I own, the most radically obnoxious sounds I own, the most nasty books I own have combined to make me kill zero people. And this is true of 999 out of 1000 people. It might even be 999,999 out of 1,000,000. People who own media products, does not correlate with spree kills anywhere near as much as people who own guns.

People who go on a spree kill might have all  kinds of media experiences but it's not what really enables them to do it. In the case of Americans going on a spree kill, we can safely say it's the lax gun laws - and how could it be anything else, really. He had a gun in his hand. Not a DVD of Season 2 of 'Dexter'. If the 'guns don't kill people, people kill people' argument holds any water, then surely nobody ever died from a fatal playing of 'Cop Killer'.

I understand the impulse to blame something that seems like it's related in some way, but the focus people give on media products after spree killings is ridiculous. Wade Frankum who went on the Strathfield massacre possessed both 'American Psycho' and 'Crime and Punishment'. After the incident the media went to town on his possession of 'American Psycho' demanding it be banned - most likely because they couldn't realistically mount any argument to ban a literary classic like 'Crime and Punishment'. It's amazing that the very same people say they can't imagine what goes through the minds of spree killers. This lack of imagination might be alleviated if they bothered to read 'American Psycho' and 'Crime and Punishment', watched a season of 'Dexter' and played a bit of 'Grand Theft Auto'. Contrary to this banal, asinine media construction, quality media products have gone a considerable way as to enlighten us exactly how these things go.

Seriously, it's time America looked at gun law reforms.

That's Not Misogyny, That's Just Insanity

Oh why the heck not. I do have this much to say.

The other word that's getting bandied about in the wake of the Elliot Rodger shooting is 'misogyny'. It's true, he hated women by the looks of his 'manifesto'. He hated women for being women, so he probably was a misogynist. But once again there are plenty of people who go about their daily lives and don't necessarily go spree killing. Seeing that we are using the word that got so famously re-defined by former Prime Minister Julia Gillard, it has to be said that even Tony Abbott - who is the walking-and-talking billboard example of a misogynist - most likely won't go on a killing spree. I don't know; it's just a hunch. You can come shoot me if it proves to be wrong.

As with the media products that get faulted so much, I would have to say the misogyny of the man had less to do with the killings than the readily available guns. Once again, it seems unlikely that he killed the 2 women out of his 6 victims with the lustful hatred for women, he used his weapons instead.

If this seems really obtuse, I should direct you to this well argued piece by Helen Razer.

2014/05/25

'47 Ronin'

As You've Never Experienced Before

Every few years the Japanese film industry fishes up a new rendition of the Forty-seven Ronin story. They do it because it sells. The most performed Kabuki is 'Chuhshungura', based on the Forty-seen Ronin and their revenge upon Kohzukenosuke Kira. I think I've watched upwards of 5 iterations of this story across movies TV series and even listened to a radio play. I may have even played a role on a school play where I was one of the guys holding back Lord Asano who tried to cut down the insolent Kira in the The Great Corridor of Pines of Edo Castle.

So not only is this story steeped in history, the fictional representation is steeped in its own history. Because we know the facts so well, we know who the 47 were, how they came to be the members of the revenge party, what they said when they committed ritual harakiri and where they are buried. I've even made my little pilgrimage to Sengakuji where their tombstones line up, and there's even a museum there of the equipment they used on the night of the  revenge.

This movie allegedly draws inspiration from those events, but you sure coulda' fooled me!

What's Good About It

Maybe it' a good thing that even a garbled version of this story gets out to the west. Rinko Kikuchi makes for a very fetching dragon.

The usual gripes aside, it's nice to see that the cast of Japanese people are played by Japanese people. Even with the heavy accents, at least they get the mannerisms and body language and manners right. This is in stark contrast to 'Memoirs of a Geisha' which had all the production design down but the main actors were natively Chinese, and so there was a massive dissonance with the body language and mannerism that made it really hard to watch. This film is the opposite. Surrounding the actors being convincingly Japanese is a production designed sword-and-sorcery Japan that is completely  bizzarro-world. Forget Keanu Reeves and his character, the 'Japan' in this film is completely out of this world.

What's Bad About It

It's pretty mind-warping, so it took about 20minutes for me to get used to the mimesis and vernacular of this film. The obvious difficulty of inserting a character Keanu Reeves can play into the ranks of the 47 presents the script with an inordinate amount of credibility issues. Call it the dances-with-wolves problem where you can't sell a story about an exotic culture unless the main character is  white dude and he's really good at what the other non-white dudes do because he's either super-talented or he's the chosen one.

Yeah, I know it's a marketing problem.

Yeah, if people really wanted to know the original story they can watch one of the many historically accurate renditions with subtitles, straight from Japan. This is meant to be a sword-and-sorcery, dungeons-and-dragons sort of take on the story.

But it's just *bad* BAD bad. B-a-a-a-a-a-ad to the bone.

What's Interesting About It

It's amazing what you can do if you don't give two hoots about historic or geographical or cultural accuracy. Amazing!

It gives me immense insight into how Greeks must feel when they watch 'Clash of the Titans', 'Wrath of the Titans', 'Troy'; or how Jewish people might feel when a hyper-Nordic Jesus goes around doing his Jesus thing in your average Hollywood film. There's odd, there's wrong, and then there's Hollywood, which is odd and wrong in a league of its own.

Yeah, I knew I'd feel that going in, but still, it never hurts to spell out the things that bother you, and what exactly this all means.

Playing Oishi

In the tradition of Kabuki, the guy who plays Yoshio Kuranosuke Oishi has got the leading role. It's the role where the star gets to do his thing; it's the guy audiences have always flocked to see. So casting Hiroyuki Sanada for Oishi is actually quite classy. Of course, the Oishi in this film is given to rigid formulaic observances, indecision and prevarication, doubts and despair, living down to the stereotypes of a dutiful samurai held by Hollywood, and necessarily possesses an irrational faith in Keanu Reeves as if he knows that Keanu Reeves must be the chosen one to lead his sad lot to glory. Hamlet never suffers this badly.

This is indeed a different Oishi to the one we've come to love. The traditional Oishi is wise, patient, subtle, clever with the subterfuge, formidable with his resolve, never lost faith in his mission, carefully figured out who amongst the 200 or so Ronin from Ako, actually had the fortitude to go through with the deed and was meticulous in his planning. Instead, this Oishi is bumbling from moment to moment, making up his plans as he goes along, very much a victim of circumstance and hardly a navigator of his destiny.

It did remind me of the line, "our deeds will echo through time" from 'Gladiator'. It's true enough for Oishi and his cohorts - but sometimes the echo chamber is broken and the signal you get is really distorted. I wondered how Sanada kept a straight face through the entire venture (ordeal?). I guess it's what you call professionalism. Sanada is an interesting actor. He's invoking the name of Yukimura Sanada with his stage name.

What Are They Wearing?

I know I'm repeating myself but... what the hell was the wardrobe design doing in this film?

Lost in Asia

Keanu Reeves is in a strange career limbo where he is marketed heavily to Asia than he is back in the west. it is as if the Matrix persona of Neo has propelled him into a latter day Chuck Norris who may one day recover his standing in the west. He was in 'The Man of Taichi' playing a martial arts nut and evil head honcho in his directorial debut. Combined with this fiasco of a film, he seems he's totally on the outer. The post-Matrix years have not been great for Keanu. I liked his crooked cop in 'Street Kings' and his turn in 'Constantine' was sort of interesting but not quite. But then it's a rare script that can turn his wooden brand of acting into a credible characteriation. He may be lost in Asia for many more years to come. Or maybe this movie has completely sunk him as an action lead actor who can carry a film. He really should consider appearing in a Woody Allen movie.

 

There's Even More Not To Like

Future Brain Drain

Last night I went out to dinner with Walk-off HBP and his family and eventually the conversation turned to the politics of this budget. His daughter's finishing up high school this year, so tertiary education and its cost became a hot topic for conversation. Fortunately (and I use this word loosely), Mrs. HBP is from Denmark, so up for consideration was the possibility that the younger HBP might be better off claiming her heritage and citizenship, and heading to Denmark where tertiary education is free. It occurred to me that there might be a lot of this sort of thing going on.

The logical ramification is that Australia might be about to witness  great brain drain in the not too distant future, as well as an acceleration of the aging population issues. Consider for the moment the number of people who could devise a way back to the countries of their heritage to get a less expensive tertiary education. Places like Ireland and Scandinavian countries are not the only places that offer up these option. Then think of the likelihoods they meet their spouses and setup families elsewhere on the planet and not Australia. It's like Australia is willing to give up its younger, smarter population when in fact they're the people that are going to be needed to support the aging baby Boomers and eventually Gen-X.

In the mean time our universities will be filled with stupid rich kids who will be there only because they can afford to be there, so this notion of more competitive universities seems like a pipedream on the part of the Coalition. Walk-off HBP thinks it's more of a smokescreen to entrench privilege in such a way that only the Liberal voting types get to go to University.

I've already covered the problems of carrying a 100k student debt into a professional career - you're worse off than not going to university and getting a tradie's job. We may actually be looking at a future where the ranks of varsity graduate professionals will be much lower in quality than today. I don't know about you, but I don't think these rich types are going to enjoy going to doctors and lawyers pulled from the third best minds of their generation.

Nepotism As A Way Of Life

One of Tony Abbott's daughters got a 60k scholarship. The people who gave her the scholarship claimed it was purely on merit. Another one of Tony Abbott's daughters has a plum job working fro DFAT in Geneva. A lot of people have pointed out how unqualified she is for the job, but no, her boss is an old Liberal Party member who has told us that Tony Abbott's daughter got the jobon her own merits.

In each instance the insistence on the merits of Abbott's brood seems to stretch the definition of the word 'merit'. It' a really bad look when your government is about to make tertiary education more expensive to then have a daughter get a freebie. It's a really bad look to have your daughter get a plum job in DFAT over other genuine candidates of actual merit, when your government is about to cut off 16,000 public sector jobs. Both instances speak volumes to the absence of character in his daughters, which, by extension reflect badly on the parents, who in this instance happens to be the Prime Minister. These are big favours being handed to his family.

When you consider that there is a Royal Commission into Julia Gillard's conduct as an IR lawyer and claims of $7000 for renovations of her house coming from a union slush fund; and how Abbott himself hounded Craig Thomson and Peter Slipper relentlessly through digging up dirt; not to mention the fact that all it took was for a $3000 bottle of Grange Hermitage to bring down Barry O'Farrell, it seems abundantly obvious that Tony Abbott should quit. $60,000 worth of scholarship dollars and a plum job at DFAT seems far in excess of what normal people would consider a favour for a mate.

Really, Tony Abbott should quit on this alone.

But he won't quit. Which means he's an unabashed crook. now he's saying he wants family kept out of it. I think it's a bit much that a man who would go after Julia Gillard with a Royal Commission, and hounded Craig Thomson and Peter Slipper in the manner that he did, to want his family kept out of it by the media.

No, no, no Mr. Abbott, it's much too late for that. You lowered the bar forcefully - you can try doing your limbo dance under it.

2014/05/23

Fools On The Hill

Day After Day...

I kid you not, everyday brings news of something so illogical and founded on imagined notions to make you wince, getting enacted into policy by this Federal government. If they're not putting something into policy, they're telling us how they think it ought to be.

Take this cretin here.

[caption id="" align="aligncenter" width="497"] Another Angry Fat Man of the right-wing nutjob persuasion. Well fed and full of hate.[/caption]

 
George Christensen, the LNP member for the Queensland electorate of Dawson, has sparked outrage on twitter after he posted a photo of an impoverished child and called for a reality check from Australians and their first world problems.
“Aussies should do a tour of Asia & live like locals to put these 1st world complaints re budget in perspective,” he wrote.

The tweet prompted an immediate backlash with one user tweeting “Translation: Aussie battlers should take a glimpse at LNP model for Australia's future”.
Mr Christensen did not taken kindly to the criticism, and replied that Australians concerned about tough budget measures needed to realise how “minuscule” their complaints were on a global scale.

He followed up his original tweet with: "Try getting any serious form of welfare in Thailand or other SE Asian nations."

Just look at that guy. Well fed and brimming with excess calories, he thinks Australians ought to be grateful they're getting the budget from hell because the alternative is an impoverished Asian country. Forget for the moment that another wing of this mean-spirited government is busily sending asylum seekers to Cambodia a country which fits such a description.

What we can discern from this is that the Liberals and Nationals set a very low bar for themselves and their governing endeavors. It's a government of people who want to invent their own facts, right from the top down. Both Tony Abbott and Joe Hockey concocted a budget emergency and part of that plank was that produtivity was stagnating in Australia. The big surprise today is that productivity is actually rocketing upwards.
The good news is that labour is already performing. The counting of that is yet to catch up to the performance, but it is happening.

Well, I think it's good news. Given the government's narrative preferring doom and misery, maybe that isn't good news for the current leadership - it doesn't support their usual story of Labor's labour reforms destroying the economy.

In other words, Hockeynomics can go take a hike. There are other things the Coalition government are doing that would make you shake your head. Especially the bits to do with climate change. They keep scrapping and sacking things to and people to do with dealing with Global Warming and here we sit in a record-breaking month in Sydney where we've had the most days above 20degrees on record. Global Warming is clearly going on in plain sight for all to see and the fools who run the country are busily trying to expunge it from reality by sacking and retrenching people. The effects of this is that this expertise we've been investing in will scatter to the globe. It's a braindrain facilitated by a government of fools.

I lambast them daily and really, this makes no difference because so many idiots decided to vote this bunch in, so the only pleasure I can take from this is the Schadenfreude of saying, "told you so!"

Pleiades says he's sickened by what Australia has become. It worries me that Australia voted in this mob. I keep thinking just where it was that things went wrong, but it's hard to say. I used to think it was a tragedy that Tony Abbott got up over Joe Hockey and Malcolm Turnbull by one vote; except the way Joe Hockey has gone about this budget shows that he might not have been too different had he won that day and became opposition leader. We'd still be looking at this crazy budget and insane government; just differently nuanced through Joe Hockey's boofy persona instead of Abbott's lip-licking-lizard persona.

Had Julia Gillard not been in such a rush to pull down Kevin Rudd, or if Kevin Rudd had stuck to his guns over the ETS... Maybe it was the moment Rudd put too much stock in the outcome of the Copenhagen talks. But at lest he did what he thought was best and worked hard. Abbott essentially rocked up into the top job without really doing any coherent policy work.

These are exactly the kind of hypothetical questions that teachers of history warn us against. What we have are facts - and the facts are these: Australia voted in a grossly deficient, mostly unintelligent bunch into office simply because they hated the infighting of the ALP. The chief of the idiots is running this country like he has a huge mandate when in fact there's no factual support for such a view. As a result this country is going to hell in a basket. It's really not much fun.

 

2014/05/22

The End Of Enlightenment

The Dark Ages Beckon Once More

I've been thinking that maybe one of the things the Abbott government wants the Federal government to do is get out of education; And as with such ideas, it always is worth asking what one might mean by 'out' and 'education'. The growing trend in Australian society since the reintroduction of fees in the early 1990s has been to measure the value of a course against the earning capacity of the graduates. Then, trying to figure out "if it is worth doing the course." Unsurprisingly, a great many courses cease to commend themselves once you apply the Return-On-Investment line of thinking and if one is truly driven by money alone, it is easy to suggest arts courses are not worthwhile. Why would somebody do Fine Arts if it were about earning capacity? How many jobs can there be, in something like curating for a gallery?

There are any number of courses for which graduates would find an inordinate amount of difficulty in placing themselves in employment in that field. Like, graduates in music or archaeology or theatre or literature or philosophy. In fact there is a vast shortage of jobs that specifically require arts education and pay well enough. The dirty secret of the stat that approximately 90% of graduates do not work in the area of their tertiary study is that the jobs simply were not there to absorb those graduates.

The great irony is that in trying to put a value on education, we've managed to destroy the worth of education. It didn't exactly start with Tony Abbott's current horror budget. It started when we started conflating vocational training with getting an education - and for that we can lay the blame at John Dawkins and his reforms where they started to hand out bachelors  degrees for test-tube washing. With the Dawkins reforms came the vast delusion of mass professionalism in the workforce when really, the politicians just wanted to keep Gen-X off the unemployment statistics.

The legacy of it is the expansion of tertiary places accompanied by the devisement of fees to off-set the expense. While it might have been the smart move at the time it commodified the education into a grand vision for vocational training for everybody. It was 'Educating Rita" on a grand scale as part of that bargain. And with it came the unfortunate other irony that you can put a price on the education through projected future earnings. It was a crock - but for some reason we all bought it. Maybe we didn't choose to look too closely lest it reveal the fundamental asymmetry that the education you get has very little to do with the money you end up making.

The thing that really stands out with this notion of  deregulating the universities so they can charge whatever they like, is that it squarely places education out of reach from people. The only way in which you can successfully assess the worthiness of a course hinges on it vocational merits. And if our society were to commit to that vision of education, then we may as well kiss the enlightenment goodbye. Of course, this would suit the fear mongers and hate mongers of the Murdoch press; They keep baying for this kind of vision that locks in inequality.

IPA Stands For 'Ideological Propaganda Agency'

If you watch 'the Drum' like I do occasionally, you'll notice they always aim to get some commentator to explain just what is good about the so-called *thinking* of the Liberal Party. They usually get some right-wing toad from this 'Think Tank' (and you would have to use the term 'think' very loosely when it comes to these people) called the Institute for Public Affairs to parrot the official line. It's often unapologetic Thatcherite pap that it makes you scream at the television set the way Sophie Mirabella used to make us scream whenever she was on TV.

The IPA is full of terrible suggestions and explanations it makes you wonder if they actually grew up on the same planet as the rest of humanity, let alone in this country. Just how crazy are these people? You should look at a sample. Walk-Off HBP was kind enough to send this link today and well... it's pretty self explanatory.

Top of their list is abolishing the 'Carbon Tax', followed by abolishing the Department of Climate Change and the Clean Energy Fund. Clearly they're climate change deniers. What other possible explanation could there be? And this is an important point. Climate Change deniers have no science to back them up except for those soul-less sell-outs in the employ of the oil lobby who cherry pick stats to make it look like the world is cooling. It's not a scientific position. So it really makes me wonder why 'The Drum' has to invite such intellectually deficient cretins to argue this kind of insane oppositional view just to make it look balanced. Especially when the same said cretins are calling for funding cuts and breaking up the ABC. Why give this bunch of Morlocks any airtime at all? Would the ABC give a Holocaust denialist or KKK member 'equal time'?

No.

Then why this mob? The only thing that makes them respectable enough to talk to is the fact that they haven't hurt anybody - yet. But if they had their way, they would hurt a whole bunch of people. If we were to follow their pan-Galactically stupid recipe, it would cause so much damage to our society we may never recover. I don't know why the rest of Australia is being made to take this cretinous collective seriously.

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