Thursday, 10 April 2025

people were getting yippy (12. 380)

Though the markets reacted with a rally that restored some of the trillions in wealth evaporated in the chaos of the past few days, nothing is fixed by this pause for bespoke tariffs—the universal tax of ten percent is being levied on exports from essentially every country on Earth and for Chinese goods, at the time of writing, facing a 125% duty. This is America’s Brexit moment: the multi-front trade war may have been polarised between Washington and Beijing but this negotiation period of three months is highly unlikely to net any real progress—especially through the lens of the UK’s departure from the EU and the drawn out complexity of leaving and reintegrating with continental partners as a bloc that is still fraught with challenges and damaged trade relations. China’s refusal to withdraw its retaliatory measures and to go toe-to-toe with Trump will only escalate matters. And while stocks may have pivoted in response to this less worse news, the credibility is squandered not only by this abrupt turn-about, that the US flinched, but moreover there’s no guarantee that negotiators could keep their end of a bargain and it unclear what if any concessions would be offered in return for relocating manufacturing or loosening regulations on environmental and safety standards. For a brief time it seemed that Trump would not be cowed by the markets—and from his telling, it was always part of genius plan—it seems that he was not wholly untethered to economic forces and nearly as one can surmise, the threat to the bond exchange (investors, foreign and domestic, generally retreating to buying and holding US debt as a safe haven in times of broader turmoil) with the usual flock not materialising this time was sufficient to spook his advisors and convince him to change course. With little investor appetite for government securities, the US would need to offer higher interest to finance their debts, whose rates determine all others and could very quickly make borrowing for anyone very difficult and lead to a panic. China and Trump are both willing to gamble with the economic future, though the former is positioned to gain in the long-term by standing fast in this trial if it is able to shift its focus from exports toward consumption whereas for the latter, the market is very much saturated. Unfortunately countries uncoupled from doing business together are generally disengaged from working together on tackling bigger problems, like foreign policy and the environment, as well.

life is much more successfully looked at from a single window, after all (12. 379)

First published by Charles Scribner’s Sons on this day in 1925, the Jazz Age novel by writer F Scott Fitzgerald, although well-received initially by critics, many felt it fell short of his earlier works, This Side of Paradise and The Beautiful and the Damned and was commercially a disappointment, and the fact it is one of the most widely-read texts by American high school students and that there was occasion to mark the anniversary would have elicited surprise for the author, whom also considered considered his literary career to be a failure. Reevaluation over the ensuing decades count it among the masterpieces of the early twentieth century, attracting scholarly attention over his questions of social class, environmental conservation, gender, race and disillusionment with the American Dream, aspirations and refinements that speak across the years. The story about careless people is in part based on lived experience with Fitzgerald’s infatuation with a socialite out of his league, raucous parties and a sensationalised true crime story involving a love-triangle in New Jersey. Completing the manuscript whilst staying in the French Riviera, Fitzgerald shopped around for publishers, reworking the draft several times and with working-titles Among Ash-Heaps and Millionaires, On the Road to West Egg, Under the Red, White and Blue and The Gold-Hatted Gatsby before reluctantly settling on the alliterative one in deference to Alai-Fournier’s singular tragic character Le Grand Meaulnes (often rendered for English readers as The Wanderer). The dust jacket artwork for the first edition is Spanish painter Francisco Cugat’s Celestial Eyes, an abstract representation of a flapper suspended above a fun-fair evoking New York’s Coney Island, the commission being presented to Fitzgerald before the novel was finished and becoming a motif in the story, prompting him to finalise the book before it went to another author’s work, maintaining an unusual correspondence between artist and author, whose original painting was rediscovered in the bin of the publishing house’s archives decades later like so many unsold volumes of The Great Gatsby’s first run.

synchronoptica

one year ago: Dune: The Musical (with synchronoptica)

seven years ago: spirit animals and animal spirits, double-storey letters, floating dorms in Denmark plus assorted links to enjoy

eight years ago: sacrificial soda plus disinformation mills

nine years ago: a Canadian foothold in the Caribbean plus money laundering and the Panama Papers

ten years ago: more links to revisit plus an appreciation of Designing Women

Wednesday, 9 April 2025

jump cut (12. 378)

A rather aesthetically balanced jumble, we enjoyed this music video for the Montreal band Corridor’s new single. Incorporating collage, cut-up techniques and vintage archival footage, it is a statement on the frenetic nature of contemporary life and the constant vying for attention (see also). The effect is really quite disorienting but rollicking at the same time. See the full video and more from the collaborators at Colossal at the link up top.


all-hands (12. 377)

Not in attendance myself so I can’t exactly vouch for the veracity, but according to someone present at a virtual US Department of the Interior virtual townhall, the dire wolf has become a political animal. Though I had seen this deextinction pilot circulating regarding the sabre-toothed creature, I was skeptical regarding the claims that the offspring were anything more than a hybrid, like as one commenter put it, breeding a featherless chicken and calling it a dinosaur, and there’s been quite some hype and promise to bring back other megafauna from the Pleistocene for some time. Apparently the lauded accomplishment, taken at face-value, was offered as a reason why the Endangered Species Act and the bureau tasked with enforcing it was obsolete, the department secretary giving a wide-ranging talk on AI, law-enforcement and Jurassic Park. This logic and misplace optimism echoes another cabinet member says that laidoff (read: illegally terminated) government employees could take jobs at all the factories Trump’s tariffs will bring.

maga maoism (12. 376)

Though government officials, members of the armed services and civil servants are not yet subject to an explicit loyalty oath, pledging fealty to Trump, we learn—via Boing Boing—that there’s been an unsubtle change in dress-code on the Hill and in the Cabinet in the form a garish oversized golden lapel pin, replacing the usual flags and other charges, of a bust of the president. As China is adopting America’s own tactics when it comes too punishing tariffs that disrupt the global economic order (after relenting for most other nations, which is a positive sign but the vacillation runs counter to any of the stated aims of attracting foreign factories when such longterm commitments betray a capacious time horizon with the real objective seemingly to create a fire-sale on commodities by crashing the market), the US has reached back to the days of Chairman Mao and the Cultural Revolution for a show of allegiance and blind faith as regressive policies, urging unwarranted patience for a big gamble that is certain to fail spectacularly. The latest escalation was in part prompted by JD Vance referring to the Chinese workforce as peasants, which is not only insulting but a deflection of the US’s own feudalism and indenturedness, beholden to Trump’s ruinous ego and incompetence.

synchronoptica

one year ago: the opposite of Schadenfreude (with synchronoptica) plus assorted links worth revisiting

seven years ago: Trump and the Saudis plus the toads are spawning

eight years ago: Russia and LiveJournal

nine years ago: swanky office attire plus Jedi stew

ten years ago: a trip to the US, from whale oil to petroleum plus a monopoly on sainthood

Tuesday, 8 April 2025

a-story, b-story (12. 375)


During a recent episode of The Simpsons (S: 36, E: 783), Homer pressures Bart to pursue a career as a celebrity disc-jockey, but the ensuing noise and chaos of the abortive effort lead to an irreconcilable rift with their neighbours the Flanders, Bart incorporating a sample of Ned’s complaint into the mix. The gang from The Hood Internet were behind the DJ’ing and also the end credits mashing up memorable Simpsons musical numbers including Do the Bartman, Dr Zaius, Mr Plow and the Monorail Song.

minotaure (12. 374)

The French Surrealist-oriented magazine in print from 1933 to 1939 was originally intended to be a general review of the plastic arts: poetry, architecture, theatre, ethnography, mythology and psychoanalytic studies but the publisher’s association with Andrรฉ Breton and others in the movement, ensuring a steady supply of contributions, shifted the focus. Illustrators and writers included Pablo Picasso, Joan Mirรณ, Max Ernst, Dalรญ, Renรฉ Magritte, Yves Tanguy and Frida Kahlo (see above—the pictured cover is by Diego Rivera for the Mexican supplement) and the publication’s high quality and high standards attracted the patronage of several sustaining sponsors. The title character was very much en vogue at the time with Picasso already having established several studies on the theme with the metaphor of the labyrinth representing the mind and the marauding Minotaur analogous to the irrational impulses with vanquishing Theseus a symbol for the greater self-knowledge of the Surrealist and psychoanalysis movement.

synchronoptica

one year ago: invasive species (with synchronoptica), a rare 1995 hybrid eclipse plus making US election day a holiday

seven years ago: Swedish house gymnastics, tokusatsu gifs plus giving a banana a passport

eight years ago: a cradle that mimics a car ride plus the first pizza delivery

nine years ago: Julia Child’s home in Provence, an ode to a departed feline friend plus quotes paired with fine art

ten years ago: a Nazi summer camp, assorted links to revisit plus the first petroleum company

Monday, 7 April 2025

orange monday (12. 373)

Dismissing the idea floated a ninety-day pause on imposing blanket tariffs worldwide to allow targeted exporters time for negotiation as “fake news” and digging into his posture of havoc and disruption, threatening China with an additional fifty percent duty on top of those already levied in response to reciprocal imports coming in from the US, investor uncertainty is pushing world stock markets into bear territory—the term derived from traders who engaged in short-selling assets with a commodity to back it up, the “bear-skin jobbers” selling pelts (the stock) before the bear was caught and marks a period of fear and pessimism. Faced with a rate exceeding one hundred percent, China vowed further retaliation and ready for a war of attrition. The above talk of a period of temporary stoppage from a bogus tweet picked up by several outlets out of hope and desperation caused multi-trillion dollar swings before the reprieve proved false. Though Europe and the UK seem to be better placed to weather the shock, repercussions won’t necessarily be contained by the US economy with inflation, job-cuts and slowed growth all around. The spillover effects of a wider, protracted conflict of protectionism will have lasting implications and may signal a change in international trade and economic integration.