Sticks and Stones Will Break My Bones, But Names Will Never Hurt Me

Recently the philosopher and psychoanalyst Slavoj Žižek contributed an essay to the website of In These Times, a lefty-progressive publication. The title: "Why Cynics Are Wrong."

I'm not sure just which "cynics" Žižek has in mind. He begins by saying that he agrees with Noam Chomsky that "From a pragmatic-realistic perspective, it is quite possible that Obama will just do some minor face-lifting improvements, turning out to be 'Bush with a human face.' He will pursue the same basic politics in a more attractive mode and thus effectively even strengthen U.S. hegemony, which has been severely damaged by the catastrophe of the Bush years." But then he draws back from the abyss and begins to scold. Obama's election, Žižek tells us, has, like, another dimension, y'know? "[I]t is a sign in which the memory of the long past of slavery and the struggle for its abolition reverberates; an event which now demonstrates a change; a hope for future achievements."
This is why a good, American friend of mine, a hardened Leftist with no illusions, cried for hours when the news came of Obama’s victory. Whatever our doubts, fears and compromises, in that moment of enthusiasm, each of us was free and participating in the universal freedom of humanity.
To which I think the only proper response is, "What do you mean 'we', paleface?"

In the end it appears that Žižek's cynics are those, whoever they were, who thought that as wonderful as it would be if Obama were elected, he totally couldn't be elected: "All the skepticism displayed behind closed doors even by many worried progressives (what if, in the privacy of the voting booth, publicly disavowed racism reemerges?) was proven wrong. ... In some sense, the unthinkable did happen, something that we really didn’t believe could happen." This is a marvelously blinkered picture of the discussion that surrounded Obama's candidacy on the left. (Some of us never thought that Obama was particularly dreamy to begin with.)

Maybe Obama's blackness was all Professor Žižek could see from his perch at the Institute for Advanced Study of the Humanities in Essen, Germany. As he says with charming unselfconsciousness, "The position of the cynic is that he alone holds some piece of terrible, unvarnished wisdom." But then there's this other bit which for me undermines all his gleaming, lofty historical pontification:
Arguably the most sublime moment of the French Revolution occurred when the delegation from Haiti, led by Toussaint l’Ouverture, visited Paris and was enthusiastically received at the Popular Assembly as equals among equals.
As far as I can tell, Toussaint l'Ouverture never set foot in the Popular Assembly. He spent the whole period of the Haitian Revolution in Haiti. He only went to France when Napoleon, having overthrown the French Republic, sent a force across the Atlantic that ultimately captured Toussaint through trickery, deported him and his family to France, and imprisoned him. He died in his cell a few months later, and although Haiti gained its independence, it remains under assault from Europe and the US to this day. (I've begun Peter Hallward's Damming the Flood: Haiti, Aristide, and the politics of containment [Verso, 2007], but can only read it for short periods before I become too infuriated to continue. It's a long book, so finishing it is going to take a while.)

So I don't take Žižek's historical and philosophical hectoring seriously. Who knows what else he's gotten wrong? Certainly he has no sense of the criticisms that have been and still are being directed at Obama from the left. If it makes me a cynic to take those criticisms seriously, I can live with that; I've been called worse.

Sticks and Stones Will Break My Bones, But Names Will Never Hurt Me

Recently the philosopher and psychoanalyst Slavoj Žižek contributed an essay to the website of In These Times, a lefty-progressive publication. The title: "Why Cynics Are Wrong."

I'm not sure just which "cynics" Žižek has in mind. He begins by saying that he agrees with Noam Chomsky that "From a pragmatic-realistic perspective, it is quite possible that Obama will just do some minor face-lifting improvements, turning out to be 'Bush with a human face.' He will pursue the same basic politics in a more attractive mode and thus effectively even strengthen U.S. hegemony, which has been severely damaged by the catastrophe of the Bush years." But then he draws back from the abyss and begins to scold. Obama's election, Žižek tells us, has, like, another dimension, y'know? "[I]t is a sign in which the memory of the long past of slavery and the struggle for its abolition reverberates; an event which now demonstrates a change; a hope for future achievements."
This is why a good, American friend of mine, a hardened Leftist with no illusions, cried for hours when the news came of Obama’s victory. Whatever our doubts, fears and compromises, in that moment of enthusiasm, each of us was free and participating in the universal freedom of humanity.
To which I think the only proper response is, "What do you mean 'we', paleface?"

In the end it appears that Žižek's cynics are those, whoever they were, who thought that as wonderful as it would be if Obama were elected, he totally couldn't be elected: "All the skepticism displayed behind closed doors even by many worried progressives (what if, in the privacy of the voting booth, publicly disavowed racism reemerges?) was proven wrong. ... In some sense, the unthinkable did happen, something that we really didn’t believe could happen." This is a marvelously blinkered picture of the discussion that surrounded Obama's candidacy on the left. (Some of us never thought that Obama was particularly dreamy to begin with.)

Maybe Obama's blackness was all Professor Žižek could see from his perch at the Institute for Advanced Study of the Humanities in Essen, Germany. As he says with charming unselfconsciousness, "The position of the cynic is that he alone holds some piece of terrible, unvarnished wisdom." But then there's this other bit which for me undermines all his gleaming, lofty historical pontification:
Arguably the most sublime moment of the French Revolution occurred when the delegation from Haiti, led by Toussaint l’Ouverture, visited Paris and was enthusiastically received at the Popular Assembly as equals among equals.
As far as I can tell, Toussaint l'Ouverture never set foot in the Popular Assembly. He spent the whole period of the Haitian Revolution in Haiti. He only went to France when Napoleon, having overthrown the French Republic, sent a force across the Atlantic that ultimately captured Toussaint through trickery, deported him and his family to France, and imprisoned him. He died in his cell a few months later, and although Haiti gained its independence, it remains under assault from Europe and the US to this day. (I've begun Peter Hallward's Damming the Flood: Haiti, Aristide, and the politics of containment [Verso, 2007], but can only read it for short periods before I become too infuriated to continue. It's a long book, so finishing it is going to take a while.)

So I don't take Žižek's historical and philosophical hectoring seriously. Who knows what else he's gotten wrong? Certainly he has no sense of the criticisms that have been and still are being directed at Obama from the left. If it makes me a cynic to take those criticisms seriously, I can live with that; I've been called worse.

Day 425 Thanksgiving weekend, some progress

The dog on the rug is my son's dog, Mickey. They were visiting over the holiday. Bob and his girlfriend, Amanda, live in NYC. It was great to see them. Since I was showing off the rug it was a good time to take a picture.It has been over a month since my last post. I thought I would be able to show you a finished center after just one full week. I was only able to squeeze out a few days so

Solidarity Forever

Last night I finally watched Salt of the Earth, a 1953 (or 1954?) movie about a miners’ strike made by blacklisted Hollywood filmmakers against fierce resistance. (And I do mean fierce: Howard Hughes blocked development of the negative, and the lead actress, Rosaura Revueltas, was deported to Mexico, where she shot her remaining scenes illegally for insertion into the finished film.) I’d stumbled on the DVD at the public library a couple of years ago, and, always interested in political art, had checked it out. But the credit sequence turned me off with its overdone marching music over gritty footage of a poor woman working around her family’s shack, and I hadn’t been able to steel myself for another try.

Then I read a discussion with Noam Chomsky in which he praised the film:

CHOMSKY: Salt of the Earth. It came out at the same time as On the Waterfront, which is a rotten movie. And On the Waterfront became a huge hit -- because it was anti-union. See, On the Waterfront was part of a big campaign to destroy unions while pretending to be for, you know, Joe Sixpack. So On the Waterfront is about this Marlon Brando or somebody who stands up for the poor working man against the corrupt union boss. Okay, things like that exist, but that's not unions -- I mean, sure, there are plenty of union bosses who are crooked, but nowhere near as many as C.E.O.s who are crooked, or what have you. But since On the Waterfront combined that anti-union message with "standing up for the poor working man," it became a huge hit. On the other hand, Salt of the Earth, which was an authentic and I thought very well-done story about a strike and the people involved in it, that was just flat killed, I don't even think it was shown anywhere. I mean, you could see it at an art theater, I guess, but that was about it. I don't know what those of you who know something about film would think of it, but I thought it was a really outstanding film.

While I respect and admire Chomsky, he’s not known for his artistic sensitivity. Still, I agreed with his take on Hollywood’s treatment of labor issues, so I decided I should give Salt of the Earth another try.

Getting through the opening credits was still a trial. The bombastic music, by Sol Kaplan, was played by a full orchestra and was very Boy Meets Girl Meets Tractor if you know what I mean. Worse, it was very Hollywood: one thing that makes ‘classic’ Hollywood films difficult for me to watch is the music, which lays on emotion with a trowel and gets in the way of the films’ moving me honestly. (John Williams, the antichrist of today’s Hollywood soundtrack, is a well-known exponent of this approach to movie music.)

After the opening credits, though, the film was quite watchable. Based on an actual strike and using a mixture of professional and non-professional actors, including mineworkers and union organizers, Salt of the Earth tells how a mining community in New Mexico brought the mineowners to the bargaining table through solidarity and inventive tactics. What makes it startlingly fresh even today is that, first, the main protagonists are Mexican Americans, and they are played by Mexican Americans; and second, the miners’ wives insist on playing an equal role in the strike, with demands of their own. (Indoor plumbing and hot water, for example – radical!) I began to wonder if that obnoxious opening music might not have been meant ironically after all, the self-importance of machismo against the day-to-day labor of housewives and mothers, but I don't think the filmmakers were that self-aware.

Is Salt of the Earth preachy and didactic? Sure, but so were many Hollywood classics, from Mr. Smith Goes to Washington to It’s a Wonderful Life, from The Wizard of Oz to Gone With the Wind. After watching Salt of the Earth I looked up some online reviews through IMDB, and found that several of them complained about the film’s agenda and its division of the characters into good guys and bad guys. I particularly recall one writer who complained that Esperanza (Revueltas’ character, the wife of a miner and union leader) is always right, and her husband Ramón (played by Juan Chacón, one of the nonprofessionals) is always wrong. That’s not quite true – Ramón is right in the areas where he’s used to having competence, but not when he faces change as his wife and the other women start breaking out of the roles he expects; and Esperanza takes time to find her voice and the courage to use it. But again, the characters are no more two-dimensional than most Hollywood characters, then or now.

The acting also came in for slighting comments, especially that of the nonprofessionals – big surprise! I thought that the nonprofessionals were pretty good, and was surprised to learn in the closing credits (which identified the status of each cast member) that some of the characters, such as the Anglo union organizer, were not played by pros. Juan Chacón is a bit wooden, true, but no more so in my opinion than Humphrey Bogart, whom he resembles. Classic Hollywood acting isn’t known for its subtlety or its fluidity anyhow, and the director Herbert J. Biberman evidently managed to make his amateurs comfortable in front of the cameras.

There was also some sniping at the film’s shaky production values. But it should hardly be news anymore that expensive production isn’t necessary for a good movie. I wonder how many people who dismiss Salt of the Earth as cheap and shoddy, can still enjoy (say) low-budget slasher films, to say nothing of the Italian neo-realists. I suspect that the film’s politics are a stumbling block for many people, but since I share those politics, down to its feminism and antiracism, I found it refreshing.

There are probably other American feature films that have dealt well with political issues, but aside from Norma Rae and maybe Bulworth, I can’t think of many. Usually I look to foreign films for intelligent handling of politics, especially those of South Korean directors like Park Kwang-su or Lee Chang-dong. Salt of the Earth turned out to be much better than I expected, and I’m not surprised that it was suppressed in the US.

Solidarity Forever

Last night I finally watched Salt of the Earth, a 1953 (or 1954?) movie about a miners’ strike made by blacklisted Hollywood filmmakers against fierce resistance. (And I do mean fierce: Howard Hughes blocked development of the negative, and the lead actress, Rosaura Revueltas, was deported to Mexico, where she shot her remaining scenes illegally for insertion into the finished film.) I’d stumbled on the DVD at the public library a couple of years ago, and, always interested in political art, had checked it out. But the credit sequence turned me off with its overdone marching music over gritty footage of a poor woman working around her family’s shack, and I hadn’t been able to steel myself for another try.

Then I read a discussion with Noam Chomsky in which he praised the film:

CHOMSKY: Salt of the Earth. It came out at the same time as On the Waterfront, which is a rotten movie. And On the Waterfront became a huge hit -- because it was anti-union. See, On the Waterfront was part of a big campaign to destroy unions while pretending to be for, you know, Joe Sixpack. So On the Waterfront is about this Marlon Brando or somebody who stands up for the poor working man against the corrupt union boss. Okay, things like that exist, but that's not unions -- I mean, sure, there are plenty of union bosses who are crooked, but nowhere near as many as C.E.O.s who are crooked, or what have you. But since On the Waterfront combined that anti-union message with "standing up for the poor working man," it became a huge hit. On the other hand, Salt of the Earth, which was an authentic and I thought very well-done story about a strike and the people involved in it, that was just flat killed, I don't even think it was shown anywhere. I mean, you could see it at an art theater, I guess, but that was about it. I don't know what those of you who know something about film would think of it, but I thought it was a really outstanding film.

While I respect and admire Chomsky, he’s not known for his artistic sensitivity. Still, I agreed with his take on Hollywood’s treatment of labor issues, so I decided I should give Salt of the Earth another try.

Getting through the opening credits was still a trial. The bombastic music, by Sol Kaplan, was played by a full orchestra and was very Boy Meets Girl Meets Tractor if you know what I mean. Worse, it was very Hollywood: one thing that makes ‘classic’ Hollywood films difficult for me to watch is the music, which lays on emotion with a trowel and gets in the way of the films’ moving me honestly. (John Williams, the antichrist of today’s Hollywood soundtrack, is a well-known exponent of this approach to movie music.)

After the opening credits, though, the film was quite watchable. Based on an actual strike and using a mixture of professional and non-professional actors, including mineworkers and union organizers, Salt of the Earth tells how a mining community in New Mexico brought the mineowners to the bargaining table through solidarity and inventive tactics. What makes it startlingly fresh even today is that, first, the main protagonists are Mexican Americans, and they are played by Mexican Americans; and second, the miners’ wives insist on playing an equal role in the strike, with demands of their own. (Indoor plumbing and hot water, for example – radical!) I began to wonder if that obnoxious opening music might not have been meant ironically after all, the self-importance of machismo against the day-to-day labor of housewives and mothers, but I don't think the filmmakers were that self-aware.

Is Salt of the Earth preachy and didactic? Sure, but so were many Hollywood classics, from Mr. Smith Goes to Washington to It’s a Wonderful Life, from The Wizard of Oz to Gone With the Wind. After watching Salt of the Earth I looked up some online reviews through IMDB, and found that several of them complained about the film’s agenda and its division of the characters into good guys and bad guys. I particularly recall one writer who complained that Esperanza (Revueltas’ character, the wife of a miner and union leader) is always right, and her husband Ramón (played by Juan Chacón, one of the nonprofessionals) is always wrong. That’s not quite true – Ramón is right in the areas where he’s used to having competence, but not when he faces change as his wife and the other women start breaking out of the roles he expects; and Esperanza takes time to find her voice and the courage to use it. But again, the characters are no more two-dimensional than most Hollywood characters, then or now.

The acting also came in for slighting comments, especially that of the nonprofessionals – big surprise! I thought that the nonprofessionals were pretty good, and was surprised to learn in the closing credits (which identified the status of each cast member) that some of the characters, such as the Anglo union organizer, were not played by pros. Juan Chacón is a bit wooden, true, but no more so in my opinion than Humphrey Bogart, whom he resembles. Classic Hollywood acting isn’t known for its subtlety or its fluidity anyhow, and the director Herbert J. Biberman evidently managed to make his amateurs comfortable in front of the cameras.

There was also some sniping at the film’s shaky production values. But it should hardly be news anymore that expensive production isn’t necessary for a good movie. I wonder how many people who dismiss Salt of the Earth as cheap and shoddy, can still enjoy (say) low-budget slasher films, to say nothing of the Italian neo-realists. I suspect that the film’s politics are a stumbling block for many people, but since I share those politics, down to its feminism and antiracism, I found it refreshing.

There are probably other American feature films that have dealt well with political issues, but aside from Norma Rae and maybe Bulworth, I can’t think of many. Usually I look to foreign films for intelligent handling of politics, especially those of South Korean directors like Park Kwang-su or Lee Chang-dong. Salt of the Earth turned out to be much better than I expected, and I’m not surprised that it was suppressed in the US.

Unsustainable fear dissipating


Santa Claus rally dead ahead. The fall panic is over and a tradable rally into the spring has begun. Yes, it will be choppy, but the trend is your friend and for stocks and commodities, the trend is up. If you hold a bunch of stocks in your 401k/403b/IRA, you should stay put and you'll get some of your money back. Remember, though, that come March or so, it will be time to sell ALL OF YOUR GENERAL STOCKS! No excuses.

Also remember that by March or so, everyone will be saying that things are going to be OK, our government is so smart, Obama and Bernanke have fixed everything, blah, blah, blah. It will all be bullshit and completely incorrect. This is an expected technical bear market rally, nothing else.

Panic is a quantifiable item in general equities thanks to the $VIX or volatility index. High volatility = high fear = markets going down and/or uncertainity is in the air. Looking at an 18 year chart of the volatility index, it is clear to see that this fall's panic was one for the history books and that the fear won't last:



Now, the shorter term picture for the $VIX:



Everyone panics, the world is coming to an end, everyone sells, and then the funniest thing happens: the markets stop going down and actually go up. Nothing has changed, our economy is still heading for its worst recession in 50-80 years, yet we're going to go higher into the spring. As the fundamentals get worse, stocks will temporarily go up. Why is this? Sentiment or feelings/attitudes/emotions. Forget the rational market hypothesis crap. What a joke! The S&P was worth 1500 one year ago and last week it was only worth 750 based on rational investor analysis? I call bullshit when I see it and that's complete bullshit.

Though longer term the market is fairly rational, short term it absolutely is not. We just had a classic fall "panic," which means, ummmmmmmm, people panic! One of the worst legs of this bear market is over. I'm not sure if it will be the worst leg down, but it wouldn't surprise me. The long term trend is down. However, because markets are not rational short term, good money can be made by going long here despite knowing that general stocks are in a nasty bear market.

Freeport McMoran - a current play


Freeport McMoran (stock ticker: FCX) is a large multinational blue chip mining company that focuses on copper, gold, molybdenum and silver. It often leads the mining sector on the way up. Like most mining stocks this fall, it got absolutely taken to the woodshed and beaten to a bloody pulp. Because it has a large copper component, I don't like it for a long-term play, but it is a current trade of mine to play the bear market bounce and it has a margin of safety fundamentally because it also mines gold.

UYM, the ticker for an ETF in the basic materials sector, is a more diversified way to play this bounce and gives you 2:1 leverage while trading like a stock. However, FCX has fairly liquid (i.e. heavily traded) options, which give more like a 3:1 or 4:1 leverage, so I am using options on this stock as a trading vehicle. There is a decent precedent for the current bounce in FCX that I am using as a road map to help make trading decisions. Following are my thought processes related to this FCX trade.

First, the current chart:



What I think will happen next, based on the prior "crash" in the stock in 1997:



Again, what makes the current opportunity so exciting is that it should only take a few months to make over a 100% return (200-300% with options) from the current levels. Due to impatience and my love of the game, I actually plan to sell my options when we reach the 50 day moving average, then buy new ones all over again two weeks later on the pull back. Again, this is a trade, not a buy and hold stock, as the copper component means this company won't do as well as "pure" gold stocks and copper stocks generally do quite poorly during recessions.

Remember that some of the greatest short-term opportunities to go long occur during bear markets, not bull markets. Traders love bear markets because of the ability to play the wild swings back and forth and make money both short and long. One need only look at the 2000-2003 bear market in the S&P 500 for a classic example of this phenomenon, where monthly swings gave gains and losses that looked more like annual returns for an unstable emerging market:



Even if you traded poorly during the prior bear market shown in the chart above and only caught half of each swing in each direction, you would have made 80% in 2 years time (assuming no leverage) instead of losing 50% of your money by buying and holding and gritting your teeth and waiting for the market to come back "like it always does" (eventually, anyway).

Poetry Friday - An Electric Blanket Is Not the Same as a Lover

An Electric Blanket Is Not the Same as a Lover

An electric blanket is not the same as a lover.
Oh you can wrap yourself up in it and pretend the gentle pressure
is the cradling arms and a cushiony belly and two loving legs,
and you can close your eyes and wet your lips
and imagine that the saliva belongs to someone else.
You can even put your hand under the pillow
and it will seem a little like the beautiful weight of another's head,
but wishing won't make it so, not in a year of lonely nights
(which are ten times as long as any other kind).

For an electric blanket is not the same as a lover.
It will keep you warm but no matter how high you turn the control
it will never be ardent or tender with you.
And when you wake in the morning, the lover you imagined your blanket was
will be gone, and you will have been abandoned.
It may not really matter whether you whisper your thoughts
into the warm pink conch of an ear
or the cold white weave of your pillowcase,
but those tiny threads will never whisper anything back to you,
not in a year of lonely nights,
which are ten times as long as any other kind.

--
Again, no date for this one, but it was probably written in late 1971 or in 1972.

Poetry Friday - An Electric Blanket Is Not the Same as a Lover

An Electric Blanket Is Not the Same as a Lover

An electric blanket is not the same as a lover.
Oh you can wrap yourself up in it and pretend the gentle pressure
is the cradling arms and a cushiony belly and two loving legs,
and you can close your eyes and wet your lips
and imagine that the saliva belongs to someone else.
You can even put your hand under the pillow
and it will seem a little like the beautiful weight of another's head,
but wishing won't make it so, not in a year of lonely nights
(which are ten times as long as any other kind).

For an electric blanket is not the same as a lover.
It will keep you warm but no matter how high you turn the control
it will never be ardent or tender with you.
And when you wake in the morning, the lover you imagined your blanket was
will be gone, and you will have been abandoned.
It may not really matter whether you whisper your thoughts
into the warm pink conch of an ear
or the cold white weave of your pillowcase,
but those tiny threads will never whisper anything back to you,
not in a year of lonely nights,
which are ten times as long as any other kind.

--
Again, no date for this one, but it was probably written in late 1971 or in 1972.

Another fractal encouragement


Fractals are repeating patterns that can be predictive at times. Take a look at the charts below of Newmont Mining (NEM), an old blue chip gold mining company on every institutional investor's radar.

Then (in 2000, notice the months on the chart):



Now (notice the months on the chart):



If you believe, like I do, that the fundamentals are solid and a general equity bear market condition exists that is similar to 2000, then there is no reason to think a similar pattern can't repeat and this often happens in markets. See my previous post for a fractal example that made me a lot of money in the recent past.

If the current chart pattern "rhymes" with the previous one (since they're rarely perfect matches), we might could make some money by anticipating this. By the way, did you notice the lower MACD indicator on the two charts above for some more uncanny similarity? Anyhoo, this is what happened next back in the old days of 2000-2001:



By the way, if you're more patient than I and you're an actual investor, here is what happened next in good ol' 2000 for someone with a 3 year time horizon on Newmont (NEM):



Me, I'm in for the ride. Gold stocks are the GO TO SECTOR FOR THE NEXT FEW YEARS. Embrace this. Enjoy this. Buy low now so you can sell high later. Buy! Comprar! Buy! Acheter!

S&P 500 bear - the pause that refreshes


The bear market is not over by a long shot. I believe we have begun the bear market rally or "bounce" that will take us into the spring and then we will have another wicked leg down. This is not "just another recession." You don't crash the entire world banking system with a routine recession. Housing bubbles are notorious for causing protracted, long recessions when they pop. Just ask Japan. Why is this so?

The banks get heavily leveraged when real estate is involved, even when people are willing to put 20 or 30% of the purchase price down in cash. The current bubble had people literally taking a check from the bank to move into a house with 103%, 105% and in some cases up to 110% loan to property loan value. The banks are screwed and they're still not admitting to half the losses they will need to take before this mess is over.

The S&P 500 chart also gives some clues that this bear market is not over:



I believe the bottom is in, but it's only a temporary or intermediate-term bottom. We still need to go through at least one more significant leg down to complete a 5th wave in Elliott wave terms (a charting technique) and set up a momentum divergence before we can have a year or longer cyclical bull market rally occur. When momentum goes this far (using the MACD and RSI indicators on the chart above), a second reaction back to test these levels is likely and the momentum indicators will probably not reach these same momentum lows the next time they "try", though the price should set a lower low. This will set up a price and momentum divergence on the chart and get we tea leaf readers ready to go long for more than a few weeks or months. The bear market is not over but it won't last forever.

The chart below compares the Nikkei Japanese stock bubble of the 1980s (in red) with the Nasdaq stocks bubble of the 1990s (in black). Gives you an idea of what to expect ahead. History doesn't repeat exactly, but it sho' do rhyme.



So, it's opportunistic transient bull for now, but the bear market is alive and well. If you're playing the markets long it should only be for a short time (i.e. 2-4 months), as the real money to be made is when this bear market rally is over and it is time to go short again.

GOLD ON GOLD.


The Neon Gold team will be spending the holidays in London this year, taking some much needed time off, kicking it with our respective families and friends and taking in some seriously rad shows around town. The big news across the pond has been the descent of mysterious NYC wonders The Golden Filter on the Big Smoke, where they've been playing their first ever live gigs and showcasing their winning brand of shit-hot electro all around town. This week sees them jumping on some unreal line-ups, Thursday with Late of the Pier, Metronomy and Erol Alkan at Heaven and then Friday opening for the inimitable Hercules & Love Affair at new Fabric-owned megaclub Matter out at The O2. With an elite team already set up around them, an incredible remix of Cut Copy's "Far Away" out this week and such incredible UK support slots as the aforementioned, look for this to be the jumping off point for a huge year for the secretive duo in 2009.

"Solid Gold" will serve as their statement of intent when it drops early next year as their debut single and the first-ever release on Dummy Records, an offspring of the lauded magazine of the same name. Decisively establishing the duo's churning synth style and razor-sharp production touch and backed by an elite crop of remixes from the likes of Russ Chimes and more, look for "Solid Gold" to be one of the premier debuts of '09.

MP3: "Solid Gold" - The Golden Filter

Elsewhere, the kind gentlemen of Transparent have gone ahead and dropped their essential tracks of 2008 list, with Passion Pit's "Sleepyhead" sitting triumphantly atop the rest of the crop. We'd like to thank them for their ongoing support and kind words and also direct you to check out their other picks, as these kids know their shit better than anyone else around. And yeah we nicked their header image.

Florida Gay Adoption Ban On Its Way Out

This is a big win. Yes, it’s only a trial court judge. Yes, it will be appealed. But this is the case that I suspect will finally end Florida’s ban on adoption by gay men and lesbians, once and for all. Miami-Dade Circuit Judge Cindy Lederman has declared the ban unconstitutional. Here's the full ruling.

Earlier this fall a judge in Key West ruled the ban unconstitutional and granted an adoption, but the state did not appeal that ruling. The child in that case was not being adopted out of the state’s foster care system, and so the state bowed out. In this case, Frank Gill has been the foster parent of two brothers, 4 and 8 years old, for the last four years. The state expected the placement to be brief, thinking the children would be returned to their parents or taken in by their grandmother. Neither of those things happened, and the children thrived with Gill and his partner. State child welfare workers would have supported Gill’s adoption petition had it not been prohibited by state law.

If you think you’ve heard about court challenges to Florida’s adoption ban before, it’s because you have. The most famous case, Lofton, went to the 11th US Circuit Court of Appeals, where the ban was upheld by a sharply divided court.

So why would this case come out differently? Well, the ACLU, which litigated both cases, decided in Lofton to argue that the state should have to come forward with evidence to support the gay adoption ban. So the ACLU in that case didn’t offer its own experts to testify about the wisdom – or lack thereof – of denying children the opportunity to be raised by loving parents who happened to be gay. In this case, they made a different choice. They offered experts with unassailable credentials, and the trial court judge accepted their testimony and used it as the basis for her ruling. Every mainstream child welfare organization opposes restrictions on adoption by lesbians and gay men.

The state of Florida offered experts too. But their experts were thoroughly discredited. George Rekers testified that gay people should be disallowed from adopting because of their higher rates of depression and suicide. When confronted with evidence of other groups with higher rates of depression and suicide, such a lower income people and Native Americans, he testified that more groups should be banned from adopting children! Rekers also admitted that he had written that women who work outside the home have functionally deserted their children and that he had condemned social science that does not adhere to “the moral laws of God.” The other supposed expert testified that social science could be used to spread God’s word. It’s a testament to the utter travesty that is this ban that Florida could do no better than this in defending a policy that is truly without any rational defense.

ACLU lawyers Matt Coles and Leslie Cooper deserve our highest praise for their years of work on behalf of lesbian and gay adoptive and foster parents. A 2005 case ended Arkansas's ban on gay and lesbian foster parenting. This year an initiative in Arkansas instituted a ban on adoption and foster parenting by anyone living with an unmarried partner. Expect the ACLU to challenge this as well.

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Just to get back to its 50 day moving average, a reasonable target for a bear market bounce after a vicious sell-off, implies at least a 100% gain from current levels and it should only take a few weeks to a few months to get there. Should be a quick and easy way to double your money and this instrument can be bought and sold in any account that is able to buy and sell stocks. Any takers?

Tradition!

I do wish I could see this, but it will close on December 27, and I can't return to Korea until next summer. According to the Korea Times review from which the photo comes, "the Korean rendition, the latest revival of the original work, focuses on the relationships in the show and not Judaism", but I think there would be points of contact between two patriarchal societies facing change and oppression that make such an adaptation appropriate and interesting. (1905, when Fiddler on the Roof takes place, was also the year that Korea was forced to become a Japanese protectorate, leading ultimately to attempts to eradicate Korean culture.)

Things are looking fairly bleak in South Korea right now, though there was a momentary blip in stock prices Monday (US time) following a similar jump in the US stock market. But the won, the Korean currency, is at its lowest level compared to the dollar in eleven years, and the IMF has nlowered its predictio of Korean economic growth by almost half, from 3.5 percent to 2 percent. The Korean government still forecasts 4 percent growth, but the IMF has a way of trumping mere governments. According to The Hankyoreh, the source of the above photo, food banks are struggling as more people need food and donations shrink.

But hey, the Christmas shopping season has begun, in Korea as here! Santa Claus was at the mall last weekend, even before Thanksgiving; like American presidential campaigns, the shopping season (the Reason for the Season) starts a little earlier each time around. Notice the traditional Korean Santa Claus outfit in this photo from the Korea Times.

Tradition!

I do wish I could see this, but it will close on December 27, and I can't return to Korea until next summer. According to the Korea Times review from which the photo comes, "the Korean rendition, the latest revival of the original work, focuses on the relationships in the show and not Judaism", but I think there would be points of contact between two patriarchal societies facing change and oppression that make such an adaptation appropriate and interesting. (1905, when Fiddler on the Roof takes place, was also the year that Korea was forced to become a Japanese protectorate, leading ultimately to attempts to eradicate Korean culture.)

Things are looking fairly bleak in South Korea right now, though there was a momentary blip in stock prices Monday (US time) following a similar jump in the US stock market. But the won, the Korean currency, is at its lowest level compared to the dollar in eleven years, and the IMF has nlowered its predictio of Korean economic growth by almost half, from 3.5 percent to 2 percent. The Korean government still forecasts 4 percent growth, but the IMF has a way of trumping mere governments. According to The Hankyoreh, the source of the above photo, food banks are struggling as more people need food and donations shrink.

But hey, the Christmas shopping season has begun, in Korea as here! Santa Claus was at the mall last weekend, even before Thanksgiving; like American presidential campaigns, the shopping season (the Reason for the Season) starts a little earlier each time around. Notice the traditional Korean Santa Claus outfit in this photo from the Korea Times.

Stokin' Rage

David Ehrenstein is, like, totally pissed off, and I don't blame him. (Photo above ripped off from his Fablog post, I don't know where he got it.) That doesn't mean I don't have some disagreements with him, of course.

At this point I'm not even sure how substantial my disagreements are. So let's have a look; like some writer (Saul Bellow?) once said, I won't know how I feel about it until I write about it.

Ehrenstein is pissed off about the passage of California's Proposition 8. I've been mildly surprised by how un-pissed off I am by it. The enshrinement of discrimination based on sexual orientation in a state constitution is a disturbing development, after all. Maybe it's because I didn't choose this battle, and for years I've been listening to respectability-minded Homo-Americans yammer that we shouldn't do things that upset straights, like having Gays Gone Wild Pride Marches with half-nekkid people simulating intercourse in public and stuff like that. The thing is, the issue of same-sex marriage upsets straight people too. If we should be modest in public because of Teh Str8, then maybe we shouldn't try to get married either, because of Teh Str8. But when it gets down to it, advocates of marriage don't really care about upsetting straights -- they care about being upset themselves. Many gay people also object, for public-relations purposes at least, to public displays of buttcheek or mammary gland, on their own account.

But having written that, I must qualify it, since I know perfectly well that not all gay proponents of same-sex marriage want respectability -- many just want the legal perks that go with a civil marriage. They themselves may get down and dirty in Pride Parades, or at least know that it is possible to blow drunken kisses from a float and still want to file a joint tax return or share Social Security benefits. For such people, the issue is one of equal rights, though as I've said before, it's really one of equal access to special rights given to couples who register with the State, which I'm not sure I want to support, let alone advocate, since it turns singles or unmarried couples into second-class citizens.

What comes closest to bothering me seriously about the success of Proposition 8, aside from the aforementioned enshrinement of discrimination in the California State Constitution, is the ineffectual campaign waged against it, which apparently was run by the usual bunch of human-services professionals and diversity managers who've sunk gay-rights causes before. One problem with these professionals is that they are evidently most comfortable in a corporate environment, where people have few if any rights and where they can be coerced into going along with a diversity agenda. Anyone who's worked in such an environment will know the drill: posters, videos, employee training sessions, etc., with disciplinary action as backup. That's not an approach that's going to work very well to persuade voters in the voting booth. (It doesn't even work very well in GLBT corporate environments like large urban community centers, as Jane Ward shows in her book Respectably queer: diversity culture in LGBT activist organizations [Vanderbilt, 2008].)

Anyway, back to David E. First he tears into the openly gay director Bill Condon (Gods and Monsters, Kinsey) for saying in the L. A. Times:
“If you’re asking, ‘Do we take discrimination against gays as seriously as bigotry against African Americans and Jews?’ . . . the answer is, ‘Of course we do.’ But we also believe that some people, including Rich, saw Prop. 8 not as a civil rights issue but a religious one. That is their right. And it is not, in and of itself, proof of bigotry.”
As Ehrenstein says, "we" (it's unclear who "we" are) don't take antigay bigotry as seriously as bigotry against African Americans and Jews. (Hell, racism is still alive and well in white America, including white gays.) But then Ehrenstein goes on to say,
To speak of their hatred as a “right” is unacceptable. More imp[o]rtant you would do well to keep in mind that all homophobia is premised on the perception of our being weak and powerless and therefore neither willing or able to fight back.
I've already had some things to say about "hate." Both Condon and Ehrenstein are wrong. Bigotry is not "hatred," contrary to Ehrenstein, but even hatred is a "right." (Our Christian opponents claim that they love us while hating our sin; gay Christians don't even seem to go that far, though they also love to wave the word "love" around.) According to the principles of free speech and press, people aren't obliged to say or write or do only loving things -- indeed, these freedoms guarantee our right to be outraged and offended -- or else Ehrenstein's expression of fury would itself be endangered. Or "themselves" -- his blog often vents his rage at various targets, often quite hatefully, which is fine with me. But he feels, as do his opponents on the Right, that his expression of wrath and condemnation is just and righteous: it's okay when he does it, because he's the Good Guy; but it's not okay when they do it, because they're the Bad Guys. It's very dangerous to let the state decide whose righteous wrath is proper, and whose improper. I myself don't have any faith that it would decide in my favor.

But Condon is also wrong. The word "bigot" first was used in contexts of religious disagreement, centuries ago, and most liberal Americans nowadays, at least, would agree that it would be bigotry to disenfranchise Roman Catholics or Presbyterians or Quakers or any other religious group because their beliefs or practices violated the religious standards of the majority. Yet in the past, such persecution was considered not only proper, but an obligation. And because of the respectability of religion, and the feeling that many believers have that religion should rule all aspects of their lives, racial and other forms of bigotry have been justified by religion. American white supremacists of the 1950s and 1960s had Biblical arguments to support their opposition to racial integration. (Those arguments were dubious, selective and self-serving, of course, but so are everybody's Biblical arguments. Believers don't base their positions in scripture: they pick and choose from scripture to support the positions they already hold for other reasons. [That's a slight oversimplification too -- sometimes people are struck by a scriptural passage that contradicts their prejudices, but I'd bet that on some level they were already ambivalent about their positions, which are based in real-world experience as much as in theology.]) Hence the racially-segregated Christian "academies" established in large areas of the US to evade school desegregation. Would a nice liberal like Bill Condon care to claim that these white racists saw Brown v. Board of Education and the 1964 Civil Rights Bill "not as a civil rights issue, but a religious one"? I rather doubt it. But they did. As was their right. It was also their right to build their segregated Christian schools, but not to demand to be subsidized with tax exemptions. They just did not have the right to impose their views on others, or to demand that their views be respected.

The occasion for Ehrenstein's tirade was the resignation, under pressure, of the director of a nonprofit music theatre in Sacramento, who had donated (as an individual, not officially) a chunk of money to the Yes on 8 campaign; and the calls for the removal of the Mormon head of the Los Angeles Film Festival, who'd also donated to the campaign. Condon was being critical of these developments, but as I have explained, his arguments don't work. Even if their support for Proposition 8 was based solely in their religious beliefs, it is still bigotry when it attacks the rights of other people (assuming for the sake of argument that marriage is a right). The real question, then, is whether people should lose their jobs because of their religious beliefs, no matter how loathsome those beliefs are.

The answer is probably no, and I'd guess that both of these men would have a case under civil rights law that they were discriminated against for their religious beliefs. (The Civil Rights Act prohibits discrimination in employment because of an "individual's race, color, religion, sex, or national origin".) Boycotting Cinemark Theaters because its CEO donated to Yes on 8, whatever his reasons, is okay, just as it would be okay to boycott the LA Film Festival because it's run by a bigot. (Back to the corporate environment, though: if a corporation fires an officer because his or her religious beliefs caused the corporation to lose money through boycotts, that is probably legal under the strict letter of the law -- as would firing an officer who took any other public stand that hurt profits, like supporting gay rights.)

"We’ve taken names and we’re kicking ass", Ehrenstein crows in boldface. I've seen that tone of type before. It's about power (or not being "powerless", as Ehrenstein says), not about right or wrong. Whether I like it or not, disputes like this often come down to who wields the power -- but as the passage of Prop 8 showed, it's not obvious that gays do wield the power in California. And both sides can play that game, as "The Vote Yes Crowd Turns to Judicial Intimidation" and opponents of same-sex marriage take names and prepare to kick judicial ass, "threatening to lead a statewide recall against any and all justices on the CA Supreme Court that vote to overturn the outcome of the referendum (and thus re-legalize same-sex marriage in California)." Joe Moag, the writer of that piece, blusters and fusses about "hate" and other usual suspects, but that's how it goes in politics, and I'm not nearly as sure as Moag that the recall efforts would fail.

Next, Ehrenstein reprimands producer Christine Vachon for saying that she "can’t quite stomach the notion that you fire somebody because of what they believe. It doesn’t feel right to me." Ehrenstein ripostes,

Well being attacked by those who claim a Big Invisible Bi-Polar Daddy-Who-Lives-in-The-Sky is the ultimate moral authority and has condemned me to death, doesn’t feel right to me and a great many others. What also doesn’t feel right, Christine, is when you say

“Many straight people really don’t understand it’s a civil rights issue. . . We didn’t do our job well enough. We need to do it better.”

Honey I’m 61 years old and have been talking to straight people all my life. If they don’t understand by now they can go fuck themselves.

It’s really just that simple.

Hm, I knew I'd seen that tone of type before -- it's typical of right-wing, especially Christian right-wing tract writers, from the use of boldface down to the sloppy punctuation and the onward-Christian-soldiers braggadocio. You know, David, I largely agree with you. But many of the opponents of Prop 8 also believe in a Big Invisible Bi-Polar Daddy Who Lives in the Sky; just look at that one sign in your photo, "Would Jesus Spend Tax Free Dollars to Spread Hate and Injustice?" No one knows what Jesus would do, and anyone who claims to know is a liar, whether they're Yes on 8 or No on 8. I feel fairly sure that a sign like that isn't going to sway a voter in favor of same-sex marriage, any more than celebrity talking-heads in commercials or outspending the opposition is going to do it by itself. Christine Vachon is right. I'm almost as old as you are, David, and I know how frustrating it is that straights haven't understood yet, just as it's frustrating that after an even longer time, men don't understand and whites don't understand. And getting people fired for their beliefs isn't going to work -- it hasn't worked on the gay movement, after all. It only creates martyrs. It may make you feel better for a few minutes, but the bigots will find other jobs and the California Constitution will still be amended to make queers into second-class citizens.

It may be that what doesn't feel right to Christine Vachon and what doesn't feel right to you cancel each other out. Your fury seems to have blinded you to that. (Oh dear, someone stop me before I say that two wrongs don't make a right.) This has nothing to do with religion -- many atheists are just as obsessed with getting even as Christians. ("Forgive your enemies" has hardly won much lip service among Christians, let alone observance, but then the gospels' Jesus looked forward to casting his enemies into Hell anyway, so they haven't had a good example to go by.) It's sheer practical politics to bring about change by grass-roots face-to-face work. That's why the radical gay movement that inspired both of us rejected professionalism and expertise in favor of coming out, not just to other gays but to straights. And you're complaining because we haven't won in 40 years? Not to mention that most gays are still closeted and would rather hire other queers to do the work for them from above, at a safe distance. There's still a lot of work to be done.

Stokin' Rage

David Ehrenstein is, like, totally pissed off, and I don't blame him. (Photo above ripped off from his Fablog post, I don't know where he got it.) That doesn't mean I don't have some disagreements with him, of course.

At this point I'm not even sure how substantial my disagreements are. So let's have a look; like some writer (Saul Bellow?) once said, I won't know how I feel about it until I write about it.

Ehrenstein is pissed off about the passage of California's Proposition 8. I've been mildly surprised by how un-pissed off I am by it. The enshrinement of discrimination based on sexual orientation in a state constitution is a disturbing development, after all. Maybe it's because I didn't choose this battle, and for years I've been listening to respectability-minded Homo-Americans yammer that we shouldn't do things that upset straights, like having Gays Gone Wild Pride Marches with half-nekkid people simulating intercourse in public and stuff like that. The thing is, the issue of same-sex marriage upsets straight people too. If we should be modest in public because of Teh Str8, then maybe we shouldn't try to get married either, because of Teh Str8. But when it gets down to it, advocates of marriage don't really care about upsetting straights -- they care about being upset themselves. Many gay people also object, for public-relations purposes at least, to public displays of buttcheek or mammary gland, on their own account.

But having written that, I must qualify it, since I know perfectly well that not all gay proponents of same-sex marriage want respectability -- many just want the legal perks that go with a civil marriage. They themselves may get down and dirty in Pride Parades, or at least know that it is possible to blow drunken kisses from a float and still want to file a joint tax return or share Social Security benefits. For such people, the issue is one of equal rights, though as I've said before, it's really one of equal access to special rights given to couples who register with the State, which I'm not sure I want to support, let alone advocate, since it turns singles or unmarried couples into second-class citizens.

What comes closest to bothering me seriously about the success of Proposition 8, aside from the aforementioned enshrinement of discrimination in the California State Constitution, is the ineffectual campaign waged against it, which apparently was run by the usual bunch of human-services professionals and diversity managers who've sunk gay-rights causes before. One problem with these professionals is that they are evidently most comfortable in a corporate environment, where people have few if any rights and where they can be coerced into going along with a diversity agenda. Anyone who's worked in such an environment will know the drill: posters, videos, employee training sessions, etc., with disciplinary action as backup. That's not an approach that's going to work very well to persuade voters in the voting booth. (It doesn't even work very well in GLBT corporate environments like large urban community centers, as Jane Ward shows in her book Respectably queer: diversity culture in LGBT activist organizations [Vanderbilt, 2008].)

Anyway, back to David E. First he tears into the openly gay director Bill Condon (Gods and Monsters, Kinsey) for saying in the L. A. Times:
“If you’re asking, ‘Do we take discrimination against gays as seriously as bigotry against African Americans and Jews?’ . . . the answer is, ‘Of course we do.’ But we also believe that some people, including Rich, saw Prop. 8 not as a civil rights issue but a religious one. That is their right. And it is not, in and of itself, proof of bigotry.”
As Ehrenstein says, "we" (it's unclear who "we" are) don't take antigay bigotry as seriously as bigotry against African Americans and Jews. (Hell, racism is still alive and well in white America, including white gays.) But then Ehrenstein goes on to say,
To speak of their hatred as a “right” is unacceptable. More imp[o]rtant you would do well to keep in mind that all homophobia is premised on the perception of our being weak and powerless and therefore neither willing or able to fight back.
I've already had some things to say about "hate." Both Condon and Ehrenstein are wrong. Bigotry is not "hatred," contrary to Ehrenstein, but even hatred is a "right." (Our Christian opponents claim that they love us while hating our sin; gay Christians don't even seem to go that far, though they also love to wave the word "love" around.) According to the principles of free speech and press, people aren't obliged to say or write or do only loving things -- indeed, these freedoms guarantee our right to be outraged and offended -- or else Ehrenstein's expression of fury would itself be endangered. Or "themselves" -- his blog often vents his rage at various targets, often quite hatefully, which is fine with me. But he feels, as do his opponents on the Right, that his expression of wrath and condemnation is just and righteous: it's okay when he does it, because he's the Good Guy; but it's not okay when they do it, because they're the Bad Guys. It's very dangerous to let the state decide whose righteous wrath is proper, and whose improper. I myself don't have any faith that it would decide in my favor.

But Condon is also wrong. The word "bigot" first was used in contexts of religious disagreement, centuries ago, and most liberal Americans nowadays, at least, would agree that it would be bigotry to disenfranchise Roman Catholics or Presbyterians or Quakers or any other religious group because their beliefs or practices violated the religious standards of the majority. Yet in the past, such persecution was considered not only proper, but an obligation. And because of the respectability of religion, and the feeling that many believers have that religion should rule all aspects of their lives, racial and other forms of bigotry have been justified by religion. American white supremacists of the 1950s and 1960s had Biblical arguments to support their opposition to racial integration. (Those arguments were dubious, selective and self-serving, of course, but so are everybody's Biblical arguments. Believers don't base their positions in scripture: they pick and choose from scripture to support the positions they already hold for other reasons. [That's a slight oversimplification too -- sometimes people are struck by a scriptural passage that contradicts their prejudices, but I'd bet that on some level they were already ambivalent about their positions, which are based in real-world experience as much as in theology.]) Hence the racially-segregated Christian "academies" established in large areas of the US to evade school desegregation. Would a nice liberal like Bill Condon care to claim that these white racists saw Brown v. Board of Education and the 1964 Civil Rights Bill "not as a civil rights issue, but a religious one"? I rather doubt it. But they did. As was their right. It was also their right to build their segregated Christian schools, but not to demand to be subsidized with tax exemptions. They just did not have the right to impose their views on others, or to demand that their views be respected.

The occasion for Ehrenstein's tirade was the resignation, under pressure, of the director of a nonprofit music theatre in Sacramento, who had donated (as an individual, not officially) a chunk of money to the Yes on 8 campaign; and the calls for the removal of the Mormon head of the Los Angeles Film Festival, who'd also donated to the campaign. Condon was being critical of these developments, but as I have explained, his arguments don't work. Even if their support for Proposition 8 was based solely in their religious beliefs, it is still bigotry when it attacks the rights of other people (assuming for the sake of argument that marriage is a right). The real question, then, is whether people should lose their jobs because of their religious beliefs, no matter how loathsome those beliefs are.

The answer is probably no, and I'd guess that both of these men would have a case under civil rights law that they were discriminated against for their religious beliefs. (The Civil Rights Act prohibits discrimination in employment because of an "individual's race, color, religion, sex, or national origin".) Boycotting Cinemark Theaters because its CEO donated to Yes on 8, whatever his reasons, is okay, just as it would be okay to boycott the LA Film Festival because it's run by a bigot. (Back to the corporate environment, though: if a corporation fires an officer because his or her religious beliefs caused the corporation to lose money through boycotts, that is probably legal under the strict letter of the law -- as would firing an officer who took any other public stand that hurt profits, like supporting gay rights.)

"We’ve taken names and we’re kicking ass", Ehrenstein crows in boldface. I've seen that tone of type before. It's about power (or not being "powerless", as Ehrenstein says), not about right or wrong. Whether I like it or not, disputes like this often come down to who wields the power -- but as the passage of Prop 8 showed, it's not obvious that gays do wield the power in California. And both sides can play that game, as "The Vote Yes Crowd Turns to Judicial Intimidation" and opponents of same-sex marriage take names and prepare to kick judicial ass, "threatening to lead a statewide recall against any and all justices on the CA Supreme Court that vote to overturn the outcome of the referendum (and thus re-legalize same-sex marriage in California)." Joe Moag, the writer of that piece, blusters and fusses about "hate" and other usual suspects, but that's how it goes in politics, and I'm not nearly as sure as Moag that the recall efforts would fail.

Next, Ehrenstein reprimands producer Christine Vachon for saying that she "can’t quite stomach the notion that you fire somebody because of what they believe. It doesn’t feel right to me." Ehrenstein ripostes,

Well being attacked by those who claim a Big Invisible Bi-Polar Daddy-Who-Lives-in-The-Sky is the ultimate moral authority and has condemned me to death, doesn’t feel right to me and a great many others. What also doesn’t feel right, Christine, is when you say

“Many straight people really don’t understand it’s a civil rights issue. . . We didn’t do our job well enough. We need to do it better.”

Honey I’m 61 years old and have been talking to straight people all my life. If they don’t understand by now they can go fuck themselves.

It’s really just that simple.

Hm, I knew I'd seen that tone of type before -- it's typical of right-wing, especially Christian right-wing tract writers, from the use of boldface down to the sloppy punctuation and the onward-Christian-soldiers braggadocio. You know, David, I largely agree with you. But many of the opponents of Prop 8 also believe in a Big Invisible Bi-Polar Daddy Who Lives in the Sky; just look at that one sign in your photo, "Would Jesus Spend Tax Free Dollars to Spread Hate and Injustice?" No one knows what Jesus would do, and anyone who claims to know is a liar, whether they're Yes on 8 or No on 8. I feel fairly sure that a sign like that isn't going to sway a voter in favor of same-sex marriage, any more than celebrity talking-heads in commercials or outspending the opposition is going to do it by itself. Christine Vachon is right. I'm almost as old as you are, David, and I know how frustrating it is that straights haven't understood yet, just as it's frustrating that after an even longer time, men don't understand and whites don't understand. And getting people fired for their beliefs isn't going to work -- it hasn't worked on the gay movement, after all. It only creates martyrs. It may make you feel better for a few minutes, but the bigots will find other jobs and the California Constitution will still be amended to make queers into second-class citizens.

It may be that what doesn't feel right to Christine Vachon and what doesn't feel right to you cancel each other out. Your fury seems to have blinded you to that. (Oh dear, someone stop me before I say that two wrongs don't make a right.) This has nothing to do with religion -- many atheists are just as obsessed with getting even as Christians. ("Forgive your enemies" has hardly won much lip service among Christians, let alone observance, but then the gospels' Jesus looked forward to casting his enemies into Hell anyway, so they haven't had a good example to go by.) It's sheer practical politics to bring about change by grass-roots face-to-face work. That's why the radical gay movement that inspired both of us rejected professionalism and expertise in favor of coming out, not just to other gays but to straights. And you're complaining because we haven't won in 40 years? Not to mention that most gays are still closeted and would rather hire other queers to do the work for them from above, at a safe distance. There's still a lot of work to be done.

Counterparty risk - what?!


None of us want to believe that the government or corporations will fail to deliver on the promises they have made, yet we know it has happened many times before.

From the U.S. government's gold seizure from its citizens in the 1930s, to the U.S. government defaulting on its international gold obligation in the early 1970s, to Enron, MCI, Bear Stearns, and Circuit City - counter party risk is real. It's a low-likelihood event, but if/when it happens, it can be really expensive.

Physical gold is an insurance policy against counter party risk as long as you hold it in your possession or store it via an appropriate custodial relationship. The GLD ticker ETF as trustworthy as any random bank promise and is not the same as holding physical gold. We are entering a time in our history when promises will be broken at an accelerating pace. The government cannot possibly afford the promises it has already made and it is soon to make even more to please the sheeple.

Physical gold is portable, universal, and not subject to debasement by incompetent bureaucrats. Trust is in a bear market, which means gold and cold, hard cash are more valuable than promises and projected future streams of revenue based on hope. The U.S. Dollar is king for now, but the torch will be passed to gold soon. Will you be ready? If your 401k doesn't offer the chance to buy gold, does that mean it is appropriate to ignore your obligation to look out for #1 and avoid stepping in #2? I wonder if most E*trade customers know about their counter party risk.

Hold at least 5-10% of your wealth in physical gold outside of the system. It's no longer appropriate to pretend everything is going to be OK. It's no longer appropriate to pretend Obama can and/or will change anything and ignore your own obligation to prepare for an economic crisis. Gold has survived every recorded crisis over the past 3000 years and is now in a strong bull market compared with stocks, corporate bonds, real estate and especially corporate and government promises.