Mediocrity

“Mediocrity knows nothing higher than itself, but talent instantly recognizes genius.”

Sir Arthur Conan Doyle

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Shitload of Wasps

“The basic idea of the Iraq war is that when you got stung by a wasp, the best thing to do it is to search for the wasp nest and hit it really really hard with a stick.”

Paraphrasing from Terrifying Times by John Oliver.

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Club / NYC / 2008

It has been a while since I was in a club in NYC. I mean a real club: electronic music, danceable, with the right crowd and the right place at the right time of the night. The club scene in NYC has been hit pretty hard, first by Giuliani, who put raves and clubs in the same basket with crack and vandalism. And then came the bank boom and the need for newly rich hipster bankers to spend their money in public, leading a lot of club owners to shift from dancing to representing (aka $500 table charges to listen to crappy pop and the infamous bottle service). Add the rise of pop hip hop and the general decline of electronic here in the US and you have a declining club scene. (For all German speakers, very nice described here). The Time Out New York used to have 20 pages of club events a week, now it’s hardly more than 3 or 4. Most of the good stuff seems to now be in deep Brooklyn, Connecticut or up in Canada, at least that’s what I’ve heard.

Myself, I haven’t been clubbing lately either. Most of my friends here are either not interested in the “European kind of clubbing” (the German techno fan is a common cliche) or think it’s too expensive (which it can be, depending on location). Most people here are associate clubs with places you go to pick up girls/guys and any music will do for that. In short, I was missing the social crowd to club regularly, plus there aren’t a lot of options for it either.

Luckily last weekend it worked out. I was in the Sullivan Room with Basic NYC. Usually I tried to avoid anything near Bleecker St, as the tourist and college crowd can get pretty annoying. But I haven’t been in the room in such a long time (years?), it just had to happen. I actually forgot where the room was and had to run up and down the street a couple of times (a simple metal door is easy to overlook!). The club was less crowded than I remember it, but we were pretty early (11pm) and it filled up quite well towards the end, never packed though. Music was first class. The crowded was mixed, some Europeans, some of the pickup crowd and some of the real fans. So the club scene is not actually dead. I kind of felt the same way as I remember my nights years ago. So there is still hope for Manhattan after all! Also Club Shelter might or might not be re-opening. Thumbs crossed.

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Obama

Obama became President last week, which is of course a good thing, considering I supported him. šŸ˜‰ It took me a while to get there, though. A short history …

I actually didn’t get what people had with him in the early primaries. He seemed to come out of nowhere. Suddenly a serious opponent to Hillary Clinton, the sure candidate to win the primaries since around 2006. I really didn’t get it: How did he get in this position? Why are all my neighbors going crazy about him? And that was besides him being a guy of my style: well-educated, intellectual and well-traveled. But his lack of experience struck me. Normally not such a big problem, but my argument during the primaries was that the US elected an inexperienced president in 2000 and that was a disaster for 8 years. Wouldn’t somebody more experience be a better choice after Bush? Another problem was the idealism. After all, Bush was also an idealist in his specific ways (e.g. religious topics). Another 8 years of polarized, dogmatic politics, just this time from the other side? Plus, the opponent was Hillary Clinton. I really wanted a Clinton back in the White House. As my friend Adam was saying, I’m old enough to remember the early 90s, that’s why I want a Clinton back. That feeling was obviously not shared with several younger people I talked to during the primaries. One even said that the 90s was such an easy time to govern, everybody could have done it. So much for history I guess. šŸ˜‰

And the primaries were harsh. My apartment building had serious arguments between Clinton and Obama fans. People were throwing nasty stuff at each other all over the country. Every primary was watched, analyzed intensively and debated. At the end Obama won, but barely. I was slightly disappointed. Obama was still a blank for me. No program, no clearcut ideas, no real picture about his personality.

Over the course of 2008 that changed dramatically. First came an article in the New Yorker about Obama’s year in Chicago. The summary of the article would be roughly this: He is a hardcore pragmatic who excelled in working the Chicago political machine. Idealist? Not really. That warmed me up a lot to him. An undogmatic pragmatist would not only be the Anti-Bush, but also a perfect alternative to the Republican politics in general.

The second change was of course in McCain. He changed. A Lot. He became an anti-abortionist. He wanted to intensify Bush’s tax cut. He denounced his own immigration reform. And then came Palin. I mean serious, what was he thinking? Jon Stewart called her the She-Bush once. Very much to the point: Dogmatic, anti-intellectual, unworldly. By then I was already for Obama. And I had to witness how the Republican campaign disintegrated into anti-intellectualism (Drill, Baby, Drill), name-calling (Obama as a socialist/communistic/terrorist) and just plain stupidity (Joe, the Plumber). At the end I was ready to leave the country if McCain wins. I don’t think I have been more surprised by a politician then by Obama and more disappointed than by McCain.

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Desert

Hedgy: Hey man, what’s up?
Investy: Not much, what are you up to?
Hedgy: I wanna ask you a favour, actually. Do you see Sue Prime over there?
Investy: Yeah, don’t really know her, though.
Hedgy: You don’t have to really. But how about you help her out with some water?
Investy: She doesn’t have enough water? We are in the desert!
Hedgy: No, I think she is ok for now. But you know, it’s the desert. You can never have enough water. Come on man, you donā€™t trust me? We know each other for such a long time, man!
Investy: Actually we just met last week.
Hedgy: Ah come one, don’t worry! If she can’t give it back, I will get you some water. Promise!
Investy: Alright, Alright. Do you have enough water in case something goes wrong?
Hedgy: Of course, no worries! On a completely separate note, I need to borrow some water, you get double back ā€¦

Following Week

Investy: Hey, whatā€™s up with the water you borrowed? I need the bottles back, kind of running dry a bit over here.
Hedgy: Um, oh, Iā€™m kinda, sorta, totally out, too, man. So is Sue by the way.
Investy: What? Where is all the stuff?
Hedgy: Guess it was pretty stupid to give water to Sue and her friends. Or to those friendly looking guys I met yesterday. You canā€™t trust people these days!
Investy: What about the stuff you had saved in case the deal with Sue goes bad?
Hedgy: Oh, man, that is a simple misunderstanding. When I said ā€œsavedā€, I actually meant ā€œwill borrow from you laterā€. Just bad communication, you know, happens all the time.
Investy: Are you crazy? We both have no water? We are in the desert!
Hedgy: Shit mean, donā€™t you have any reserves?
Investy: Uh, oh ā€¦

To be continued ā€¦

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The four cherished biases of Otto Normalverbraucher

Four important opinions of average voters that differ from the views of the trained economist.
The average voter …

  1. Does not understand or appreciates the way markets work (and thus favors regulation and is suspicious of the profit motive)
  2. Prefers local over foreign (and thus tends to be protectionist)
  3. Equates prosperity with employment rather than with production (and thus overvalues the preservation of exiting jobs)
  4. Usually thinks economic conditions are getting worse (and thus favors government intervention in the economy)

From a discussion in the New Yorker about Bryan Caplan’s book “The Myth of the Rational Voter”.

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the US in one sentence

“The big problem in this country is weā€™re hedonistic in our behavior and moralistic in our attitudes.”

Michael Weinstein, the president of the AIDS Healthcare Foundation.

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Producing Jobs

An economist visits China during the time of Mao.
Party officials show him a new dam being build by
thousands of workers with shovels.
Being an economist he asks: “Why don’t you use machines to do the job?”
One of the officials responds proudly: “But that would destroy jobs!”
“Oh, I thought you were building a dam. If it is jobs that you want,
why don’t you take the shovels away and give them spoons?”, the economist concludes.

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So true …

“The secret of being a bore is to tell everything.”

Voltaire

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G8 ist hier

Ein sehr guter Artikel in der Zeit zum Thema Globalisierung.

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