Wasnt good enough to post this before I got all the red ink off my hands curse it

February 8, 2013 § Leave a comment

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Today, Royal Bank of Scotland chief executive Stephen Hester used a speech at the London School of Economics to call for a new “compact” between banks and society. With his industry engulfed in scandal and widely despised by customers and the general public, Hester said “the current level of negative feeling is, in my view, particularly unhealthy. We need to reach a new compact with society where banks are better at balancing the interests of everyone who depends upon them.”

We certainly do. But if this is Hester’s goal, he has a decidedly odd way of going about it. Under his leadership RBS has been shifting billions of pounds of commercial property assets from its banking book into its vast commercial property repository, West Register. In the process the bank has been destroying the livelihoods of many of its borrowers.

The juggling act suits the bank, which also owns NatWest, as it enables it to avoid crystallising losses on loans that can be decreed to have gone bad and to transform liabilities into assets. The commercial real-estate hustle is central to Hester’s recovery program, enabling him to massage the RBS balance sheet and ultimately to flog off customer assets for much-needed cash.

The practicalities of the strategy are distasteful, though. They include reneging on lending agreements, arbitrarily changing lending agreements, persuading friendly chartered surveyors (and in-house surveyors) to concoct fantasy valuations designed to help the bank, for example by putting customers in breach of loan-to-value agreements, bully-boy tactics, and other nefariousness and skulduggery.

The goal is to manufacture defaults in order that customer assets can be transferred into the bank’s repository for “distressed assets”, variously known as Specialised Lending Services, Global Restructuring Group (GRG) and West Register. Once they are there, they are seen as fair game by the Edinburgh-based bank. Both personal and business assets can be asset-stripped with impunity (see also my earlier blog: A short history of RBS’s Global Restructuring Group).  read more

STILL: Markus Vater

Strange woods half sodden, and new brighter stuff

February 7, 2013 § 1 Comment

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Unsound was a magazine published in San Francisco by William Davenport of the band Problemist. There were about eight issues published between 1983-86. Unsound is one of the earlier US based publications with any longevity that covered the industrial/noise/punk/experimental underground.”

The issues include interviews with Blixa Bargeld of Einsturzende Neubauten, Negativland, Boyd Rice, Sonic Youth, Remko Scha, Michael Gira/Swans, Genesis P-Orridge/Psychic TV, John Balance & Peter Christopherson/Coil, articles on Whitehouse, Art Radio, Soft Cell, Kronos Quartet, an overview of the Los Angeles experimental electronic scene of the time, and much more.  download

PHOTOGRAPH: Egor Shapovalov

I’ve noted a definite added swagger to the back-garden cats since that report came out about their global killing figures

February 6, 2013 § Leave a comment

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A political funding scandal in Germany started in November, 1999, when the district court of Augsburg ordered the arrest of former CDU (conservative, centre-right) treasurer Walter Leisler Kiep in connection with alleged dealings with lobbyist, fundraiser, arms dealer and businessman Karlheinz Schreiber, fugitive at the time.

Kiep admitted to receiving an illegal donation in 1991 on behalf of the CDU, headed at the time by former chancellor Helmut Kohl.

Kohl denied any knowledge; while his protégé, Angela Merkel (“mein Mädchen”, “my girl”, Kohl affectionately called her) demanded a quick and sweeping investigation…

February 4, 2013: German bankers’ money at stake, chancellor Merkel provides her moral support to Spanish PM Mariano Rajoy, who has been accused of corruption in his own country in a modern day public financing scandal reminiscent of the old German scandal:

Germany had “great respect and great admiration” for Madrid’s economic reforms, Merkel said. Strict austerity measures and the nationalizations of several of Spain’s largest banks had helped put the debt-stricken country back on track. These steps would have a positive effect on Spain’s future, she added.

We have a trustworthy relationship”, Merkel said, pledging further support to the eurozone partner.

No calls for quick and sweeping investigations.  read more

PHOTOGRAPH: Matthew Hindley

I am rough now, and new, and will have no tailor

February 5, 2013 § Leave a comment

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In the world of Glamour – a world in which hot straight guys are constantly “telling all” and gay best friends are there to mop up your tears whenever you misread straight guy “signals” – my partner doesn’t fit in. Nor do most men I know. It’s not to do with being gay, straight or bi. I think it’s to do with being a real, live person. Or am I being simplistic?

The author of the Glamour piece notes how she and her partner “run with a pretty arty crowd” (I’m taking that to mean they don’t hail from Cumbria). Her husband is “a performance artist, eccentric and has – true to stereotype – better style than me”:

And if I’m like, “Wow, Mike is super-hot”, he doesn’t stare blankly but says, “Totally. Because of the way he plays guitar, right?”

I have no idea who Mike is, by the way. All the same, I find it slightly depressing that in order for a man to see attractiveness in another man – or at least admit to it – it’s presumed he has to be gay or bi. Are these the rules in Glamourland? The author also claims that going out with a bi guy is extra-flattering:

I came to look at it this way: If he was choosing to be with me, then he was choosing me over all men and women everywhere.

Without wishing to burst the author’s bubble, I’d suggest this isn’t quite true. I, for one, have not yet consented to a hypothetical adulterous relationship with her man (if she sends me a picture, I’ll think about it).

It seems to me that in Glamourland, however enlightened one is trying to be, people who are “different”  – in this case, not straight – are reduced to the status of objects who define the “normal” people, with the latter being seen as more real. It’s clear the author of the piece has an authentic, honest relationship with her husband, yet when something like this is translated into Glamour-speak it can’t quite hold together. As soon as you plonk a story such as this right in the middle of a whole range of glossy gender stereotypes, it feels demeaning. And yes, I’m not the one with a bisexual partner on my arm, so perhaps I don’t know what I’m talking about. It just seems to me that “bi guy” is on a par with the latest handbag or pair of shoes: a possession which defines how urban and trendy you are, rather than an actual human being (so maybe I’m just jealous because you can’t buy them on Net-a-porter).  read more

ART: Montserrat Guidol

CLOV: Do you believe in the life to come? HAMM: Mine was always that

February 4, 2013 § Leave a comment

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All the water you drank today was sewage in the recent past and very possibly excreted by the person sat next to you right now.

Their output made your coffee possible. That and the stewed cowpats in which the coffee grew.

Still thirsty?

Water operates in a cycle, and therefore starting at any point on that cycle is as valid as any other point. But the emotional impact is vastly different.

The standard water cycle always starts with evaporation. Even the pre-treatment of water to make it drinkable is barely mentioned, and we certainly don’t go into the mechanics of what happens after you flush.

But wind that cycle back a stage and you can immediately generate a severe disgust reaction. So much so that even in areas with a severe shortage of water any attempt to use our advanced technological knowhow to short-circuit the evaporation/precipitation part of the cycle gets a label: “toilet to tap”.

And that tends to stop any rational debate on the subject stone dead.

Precisely the same trick is used with government spending. Government spending is just like the pre-treatment of water. It is an artificial intervention into the natural system that stops people and businesses dying unnecessarily. It is why we have an advanced economy rather than all of us having to stew our own cowpat juice.

And, like water, any spending in a credit economy creates a form of effluent that has to be dealt with by an active intervention. These are the excess saving desires of the non-government sector. They have to be sorted out or everything starts to go very smelly very quickly.  read more

PHOTOGRAPH: Jessica Tremp

Ghoulish, but not now, no, I have the man’s voice still, the shake in it that was not there before, the sippings, the pauses, long sighs, I remember so clearly, have played it enough times, his voice, or the last vestiges of it, it’s not that clear, a new slur, too, but his voice, his voice I still have, yes, and what he said, what he was

February 1, 2013 § Leave a comment

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Remember when my students broke Shakespeare? If you recall, during a class session in special collections, my students broke off the front board of the binding of our most important Shakespeare book, a copy of the Second Folio (1632), a moment which I reveled in, since it allowed me to teach a few valuable lessons about the Shakespeare folio — which is commonly called the most important book ever in the history of the English language ever and even the most important book ever in the whole entire history of the world ever. (Except maybe the bible; and I’m not exaggerating as much as you might think). That moment of minor vandalism took the folio down a few notches, at least for my students, for a few reasons: 1) it’s not even a copy of the First Folio, it’s “just” a Second Folio; 2) part of the preliminary matter, including the title-page, are later facsimiles inserted to make up a complete copy; and 3) it showed, with great immediacy, that a folio — any Shakespeare folio, and by extension any important symbol of literary or cultural value — is a material object made up of many different physical elements, a fact which calls into question not only its status as a literary icon, but as an actual bounded and complete book. That is, it asks two central questions: what is (our idea of) Shakespeare? And what, exactly, is a book?  read more

ART: miximoto

Aujord’hui, rien

January 31, 2013 § Leave a comment

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As one recent commentator on contemporary art has put it, it is certainly hard not to suspect, given the increasing ‘historical loss of distinctions of place’, that ‘the ideological function of site-specific work’ is ‘now to manufacture such distinctions artificially, in order to compensate and cover over the loss’…

Explicitly resistant, then, as his work may well be to the contemporary construction of literature’s latest ideological role as an effective branch of the heritage industry — fetishising the quirky and mildly exotic signs of ‘local colour’ for a global market — the marks of such a problematic complicity with the forces of investment capital cannot be entirely erased from Sinclair’s own works, as he is clearly aware. Indeed it is an alertness to the danger of such complicity which is increasingly, even obsessively, self-reflexively enunciated, in a familiar narratorial conceit, throughout the pages of a novel like Downriver. ‘Would it be ethical to make our discovery public?’, the narrator asks at one point. ‘To endanger this time-warped reservation?’. For to ‘make public’ is always to risk feeding those who need ‘a mythology to underwrite property values’; the ‘standard pre-development scenario’:

When artists walk through a wilderness in epiphanous ‘bliss-out’, fiddling with polaroids, grim estate agents dog their footsteps…The visionary reclaims the ground of his nightmares only to present it, framed in Perspex, to the Docklands Development Board…

What might be at stake in this for the politics of contemporary literature, more generally, is something that I want to consider here through the staging of a ‘confrontation’ between the very different — in some sense, opposed — manifestations of the contemporary novel’s spatial and formal possibilities to be found within the oeuvres of Sinclair and of J.G. Ballard. Such a confrontation is not one that is imposed from the outside. It is, crucially, internal to Sinclair’s writings of the last five years, and, I want to claim, serves, in part, to mediate their developing relations both to the history of the novel form and to the contemporary problematics of place and non-place, of spaces of places and spaces of flows. Yet, as such, this textual presence of Ballard is a rather more disturbing presence within Sinclair’s writing than are the familiar allusions to Blake, Dickens, Conrad, et al. For Ballard’s own style and concerns, in their tension with Sinclair’s, mark something like an introjected point of resistance (which cannot simply be digested or overcome) to the poetics of place upon which the latter continues to insist.

In London Orbital, Sinclair records an actual meeting with Ballard at his home in Shepperton — an act of ‘homage’, he suggests — but we find the first explicit staging of this confrontation a few years earlier in the short book on Crash, written for the BFI Modern Classics series, in which Sinclair addresses, at some length, his particular interest in Ballard’s definitive ‘fascination with a frozen aesthetic of motorways, business parks, airport hotels … A present tense world of swift, sharp sentences’. This is a fiction that ‘grows out of [an] undisclosed, over-familiar urban landscape. Ballard’s trick [is] to forge a poetic out of that which contains least poetry’ (Crash 77). In this way, Sinclair argues, Ballard’s writing conforms, in its own idiosyncratic manner, to a poetics of place. Like the areas of London that, in Lights Out For The Territory, Sinclair parcels out to the likes of Angela Carter, Allen Fisher and Aidan Dun, this fiction can be sited, insofar as it is a particular place, Sinclair claims—’the transitional landscape of gravel pits, reservoirs and slip-roads that surround Heathrow’ — that activates Ballard the poet. The ‘psychogeographical field’ of Crash ‘was posited entirely on the London perimeter, the Heathrow pentagram that Ballard knew so well’.

Yet it is worth noting that there is — by contrast to Fisher or Dun, who fully subscribe to their own versions of an Olsonian poetics of place — a rather deliberate elision of certain key aspects of Ballard’s own self-understanding apparent in such a reading; an elision which is, for example, revealed in discussion with Sinclair’s sometime collaborator Chris Petit. As Sinclair relates the latter’s conversations with Ballard around the possibility of making a film of Crash, he recounts that a major problem for Petit concerned his difficulty in imagining it ‘being set anywhere except the isthmus between the Westway, Heathrow and Shepperton’. The implicit basis for such a view is re-iterated in Sinclair’s own judgement on the David Cronenberg film that was eventually made, where, he writes, ‘the strange particulars of London that Ballard pressed into a Blakean mapping of his own…dissolve into the netherworld of … Toronto’. Yet, as Sinclair is also compelled to acknowledge here, such disappointment was emphatically not shared by Ballard himself. Indeed Ballard would love Cronenberg’s film.

Now, the dissensus at this point can, perhaps, precisely be conceptualised in terms of the dialectic of space and place at work, respectively, in Ballard’s novel and in Sinclair’s reading — or, rather, creative mis-reading — of it. As Petit relates, Ballard himself saw ‘Crash as much a Tokyo novel or a Toronto novel as a London novel’; the reasoning for which is made quite evident in Sinclair’s own interview with the writer:

The areas peripheral to great airports are identical all over the world. You can land at any airport these days and for the first twenty minutes, as you take your cab, you go through a landscape that is identical…  read more

PHOTOGRAPH: Jen Gotch

“Nay,” said I, “I come not from heaven, but from Essex.”

January 30, 2013 § Leave a comment

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So the first question is this: when everyone is continuously looking for ways to secure their data, to make it more reliable, authoritative, to reduce noise & spam, why would I want to introduce less reliability and additional noise? Because I want to be the one that determines how reliable or unreliable my information is. And because much of the information about us out there festering in databases is unreliable – I want to manage my unreliability. (And yes I understand this is mostly impossible, like controlling the weather, but read on)…

A loose analogy is one of adding audio effects to an audio track, a vocal track for example. You can add equalization, reverb, pitch correction, and so on. The source sound is non destructively altered and the effects can be automated and changed as needed. Similarly, for data, I’d like to be able to add controls that allow my information to change over time. I want bugs in my own information.

These data effects would allow information to decay, to be fallible, like memory. It would allow some control over how data lives in the network over time, frustrating efforts of those who would use it for commercial purposes, for example. So instead of my information becoming some else’s market intelligence, it becomes market disinformation. I become: just not worth it.  read more

PHOTOGRAPH: Chris Berthelsen

Like all these long low squat houses, it had been built not for but against. They were built against the forest, against the sea, against the elements, against the world. They had roof-beams and walls and doors and hatred

January 29, 2013 § Leave a comment

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In a time span of less than a week, more than 90% of Iceland’s banking system, on the scale of assets, went down the drain.

Most of the rest followed in the coming months but was, contrary to the folklore outside Iceland, bailed out by the Government. SpKef and Byr, two savings banks, are cases in point. There, the Icelandic bankers’ gluttony was not lesser than in the case of the big banks. Nevertheless, the government gave them some cash, casting a terrible shadow on Iceland’s image as a country which does not bail out banks. Good thing nobody noticed. SpKef was later assimilated into New Landsbanki (a state owned bank) but Byr ended up in Islandsbanki (New Glitnir).

It is very important to realise one thing: the governments, both the “conservative” one prior, during and after the October crash, and the “left wing” one, which took over after the 2009 general elections, did everything they could – absolutely everything – to try and keep the banks afloat. And of course, the banks themselves tried what they could to save their faces by buying up their own stocks and thereby maintain their price (which, in their case, was quite close to being a market abuse). The savings banks that went off the cliff after the Big Three had closed down their shops were small enough to be rescued by the government but the Big Three in October 2008 were simply too large to be saved. That did not stop the government from trying everything it could do to throw out the safety net, including practically emptying the foreign reserves of the Central Bank when it tried to keep Glitnir afloat.

It was Iceland’s “fool’s luck” not to be able to rescue the banks in October 2008. I don’t want to even consider the cost of rescuing the banks today, it would have been horrible! The 31%-of-GDP public deficit in Ireland in 2011 would have been a laughing stock compared to the gargantuan cost the Icelandic public coffers would have suffered if the banks had been saved.

The jails in Iceland are not full of “banksters”
So the first lore on Iceland – that it intentionally let the banks to bankrupt – is not according to reality. The reality is that the government tried to save them but could not. The one about all the jailed banksters is, well, not entirely true either.  read more

PHOTOGRAPH: Katrin Backes

Chocolate, as everybody knows… (let the reader imagine here a description of its making)

January 28, 2013 § Leave a comment

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Dwayne showed up again and we headed back upstairs for further roof sex. Yay, roof sex!

I was enjoying the view from my doggy style position when it all went tits up. Metaphorically.

Trevor showed up on the roof. My initial reaction was “feck off, we’re busy!”. Dwayne asked if I minded, and – rather distracted by the penis inside me – I shrugged it off, saying “yeah, sure”, because I don’t mind random people watching me fuck so long as they don’t actually cheer.

Except then he came round in front of me and got his penis out, evidently wanting me to suck it off.

Um. No. That’s not the way it works. I’m not a fecking magnet. Just because you flap your bits around in front of me does not mean I’m going to automatically attach myself to them. And this guy, I didn’t fancy him, I’d never had a proper conversation with him – this was not a penis I wanted to be involved in.

“No, I don’t want to.”

Except the penis didn’t go away.

“Don’t want to.”

The penis didn’t go away.

I stopped moving, propped myself up on my hands instead of my elbows, looked Trevor straight in the eye.

“I don’t want to do anything to you. Put your cock away.”

That worked, but I decided right then that I was going to leave as soon as possible. I should never have to ask three times to not be eiffel towered. Never.

I allowed the sex I was currently involved in to end, then told Dwayne it was getting late and I needed to go home. I think Dwayne got unhappy vibes from me; he was quiet and withdrawn as he walked me to the subway. I kissed him bye and reminded him that I was flying home in two days, then walked home and went to sleep in my own bed.

I’m angry. I think that kind of treatment is completely inappropriate. Firstly, I’d informed Trevor just 30 minutes ago that I didn’t want to play with him. Secondly, I shouldn’t be asked to take part in any kind of deviant sexual behaviour without prior negotiation. Look, I hang out in fetish clubs. I’m used to people I don’t know asking for all kinds of weird shit, but that’s the point: they ask. They don’t just get their bits out without any prior negotiation. Thirdly, even if you decide to ignore the first two, “no” should be a cast-iron line in the sand. If someone says “no”, you back off. Instantly, without questioning the other person’s decision or trying to persuade them to change their mind.

It makes me wonder how those people view women, or more precisely, women who enjoy casual sex. When it comes to sex, making assumptions based on someone’s prior behaviour is dangerous. “She slept with me once, so she’ll do it again”; “she slept with my friend so she’ll sleep with me”; etc. That is not necessarily true and believing it is means that you end up with the kind of situation described above. A more insecure girl, someone who has problems saying no, would probably have gone ahead and done it even if she didn’t really want to. If you think that kind of thing is okay, you need to reconsider how you view sex and sexual partners. I guess that in some ways I’m lucky that I have the lady-balls to turn people down; I’ve only had sex with one person I didn’t really want to (in a kind of didn’t know how I was going to get home, sort of said I didn’t want to but he seemed so disappointed and upset I consented regardless type of way) and I learnt my lesson from how shit I felt the next day. Never again will I be guilted or intimidated or be forced into having any kind of sexual contact that I don’t want to have.

To be honest, two guys at once, from both sides of me, is a fantasy of mine. If Trevor had taken the time to ask me before I got naked if I was okay with that, I might well have said yes, and then this would have been a “yay threesome!” type post. But he didn’t. So fuck him.  read more

PHOTOGRAPH: Michael Sippey