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Culture Shock

Culture Shock

An artist climbs a chimney during The Ag

Those Dirty Rings! Corruption-Prone IOC Always Goes for the Gold

In the glare of the Opening Night Ceremony for the 2012 Olympiad, NBC’s custodians of sporting goodwill would occasionally suggest that the spectacle unfolding beneath their gaze would prove a boon to cash-strapped East London.

The event’s own labored narrative arc told a different story: If the receding industrial prosperity of the East End would ever return, it would only be in the tightly scripted precincts of imagineered spectacle. As a retinue of factory workers poured like so many Orcs out of the Glastonberry Tor erected at one corner of the facility, they hastened to a makeshift foundry to pretend-forge one of the Olympic rings. To Matt Lauer, this tableau was not merely a visual triumph, but an olfactory one: “Not only are you watching this ring being forged actually on the field, you’re now smelling it. They’ve found a way to pump that sulfur smell, that factory smell, out to 65,000 people.” Read More

Culture Shock

Diamond of Barclays.

Too Big to Care: When Bad-Faith Behavior Behooves a Banker

From outside the elite preserves of the financial industry, Britain’s LIBOR scandal follows a wearily familiar narrative arc: Yes, a leading investment bank has confessed to gaming a central borrowing index—the so-called London Interbank Offered Rate, which establishes how much banks charge each other to borrow money. And yes, that bank—Barclays of London—has coughed up 290 million pounds in fines to stave off the prospect of a criminal prosecution. But jaded consumers of financial news can be forgiven for thinking that this all amounts to the perennial status quo for the investment class, in the city and on Wall Street alike. Haven’t these characters always sought to live by their own self-seeking code—and haven’t fund managers long been little more than glorified corruptionists? If we systemically prosecute this sort of behavior, are we just futilely attempting to issue a restraining order against human nature?

In reality, the LIBOR dustup is a very big deal—and largely because of its very routine profile. Read More

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newsroom02

Anchors Away! Sorkin’s Newsroom Is a Smug Symphony of Self-Regard

One thing is even more certain in Aaron Sorkin’s social world than the beloved screenwriter’s trademark walking-and-talking professional banter: the rote designation of his characters—in their own dialogue—as “smart.” Indeed, their intellectual self-regard is so overweening that they are compelled to disclaim it mid-tantrum. Early on in the over-amped professional intrigue of Newsroom, Mr. Sorkin’s summer HBO study in high-minded newsgathering, Don, the disgruntled senior producer for evening news anchor Will McAvoy (Jeff Daniels) dresses him down thusly: “You are a smart, talented guy who’s not very nice.” A few beats later, we get McAvoy’s own compulsively admiring rejoinder: “You’re jumping from a sinking ship. You were always the smartest guy around here.” Read More

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Wisconsin Gov. Walker Holds Recall Election Night Gathering

Walker’s Win Highlights Obama’s Abandonment of Labor

After America’s Dairyland rallied in impressive numbers to retain the services of its union-busting, austerity-besotted Gov. Scott Walker, the nation’s pundits clamored to declare Wisconsin’s June recall vote a stinging setback to the re-election plans of Barack Obama. Major-party operatives on both sides dubbed the Walker ballot the “second-most important election in the country this year,” the Washington Post’s Dan Balz reported. By rolling up a margin of support even greater than he amassed in his initial 2010 election campaign, Governor Walker was supplying nothing less than a “template,” Mr. Balz observed, for the national GOP as it seeks to fine-tune a winning 2012 presidential strategy: “big money, powerful organization and enormous enthusiasm among [the] base.” Read More

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Romney. (Getty)

Romney’s Gaffe: Candidate Says Something Sensible About Economy!

It’s rare that the soulless machinery of the presidential campaign system emits a telltale creak, exposing the terrifying vacuity that lurks just beneath all the overheated  microprocessors on the motherboard. Yet on the eve of the holiday weekend, we were witness to just such a spectacle, in an interview that presumptive GOP nominee Mitt Romney granted to Time magazine’s politics correspondent Mark Halperin.

Early on in the proceedings, Mr. Halperin lobbed a simple procedural question Mr. Romney’s way: Why should a Romney administration tarry in its appointed mission to roll back the spending excesses of the Obama age? Why not, he wondered, “go all the way and propose the kind of budget with spending restraints that you’d like to see after four years in office? Why not do it more quickly?” Read More

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Sarah Phillips (Courtesy Deadspin)

How the Social Media Gold Rush Enabled ESPN Scammer Sarah Phillips

The self-obsessed world of online journalism came close to a singularity moment early this month, when an up-and-coming young sports columnist was exposed as a garden-variety con artist. Over at the Gawker sports site Deadspin, John Koblin reconstructed the luridly fascinating saga of ESPN.com writer Sarah Phillips, who had landed a plum perch in the enormous, vastly profitable industry of sports journalism without benefit of a single in-person job interview. Read More

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Photo by Ricardo Barros

Read It and Whine! Writers Don’t Need Prizes, They Need Ideas

Woe betide our republic of letters! The shadowy culture arbiters who serve on the Pulitzer Prize board have withheld their favor from the field of American novels published in 2011. Booksellers, writers and critics have been up in arms ever since news of the non-award broke in mid-April. In a cri de coeur published in the New York Times’s op-ed pages, novelist Ann Patchett—who also runs an independent bookstore in Nashville—decried the committee’s abstention as a cause for “indignation” and, indeed, “rage.”

“I can’t imagine there was ever a year when we were so in need of the excitement the [fiction Pulitzer] creates in readers,” Ms. Patchett wrote.

It’s easy to miss, amid Ms. Patchett’s vehemence, the patent condescension that prize-dependent marketing visits upon American readers. In her distinctly arid account of readerly engagement, news of a prestigious laurel is what’s needed to generate “the buzz,” as she puts it, “that is so often lacking.” But the question is far better turned on its head: If an entire industry must rely on aloof prize boards to gin up sustained interest, then the trouble would seem to be the industry itself, rather than the prize boards or the consumers. Read More

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PeterArkle_LehmannIllo

Quisling Like Me: Imagining Life as Dealb%k’s Kevin Roose Imagining Life as a Billionaire

I’m a financial reporter for a certain paper of record, tasked with monitoring the daily mood swings and professional machinations of the Wall Street overclass. Yet I must periodically affect an air of professional puzzlement—about the masters of the universe who make up my beat, about the larger, destructive drift of the speculative paper economy, and about the best way to justify my glorified courtiership. And like all practiced petty cynics, I need to blunt any chance that my ruminations might create any real moral or cognitive dissonance with an exculpatory mood of ironic detachment.

So on a lark—duly approved by my editors, and subsidized by the discreet providers of luxe personal services, who ache to have their carriage trade identified with the .01 percent—I’ve donned all the fripperies and acquired all the emollients of the ultrarich for a day, as part of my paper’s stupendously tone-deaf and section-long celebration of wealth for wealth’s sake. Read More

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Remembering Trayvon Martin. (Getty)

Trayvon Martin and the Real-Life Hunger Games

As the adult world continues stoking the senseless battle royale of the presidential primary season, the youth-entertainment complex has briefly overtaken the news cycle. Everyone not living in their own life-or-death competitive isolation dome knows by now that this past weekend ushered in the blockbuster movie adaptation of the first installment of The Hunger Games, Suzanne Collins’ dystopian teen scifi trilogy about children compelled to destroy each other for the amusement of the jaded, power-mad political leaders of the future. The basic plot of the Collins franchise is by now well-known: In the authoritarian North America of the third millennium—rechristened Panem—this ritual sacrifice of the young serves to tamp down any impulses of mass rebellion, and the games’ sole surviving winner is bought off with a life of ease, fame, and prestige.

But no sooner had the great Hunger Games colossus alighted at the multiplex—with a box-office take of $155 million over its first weekend—than a sober retinue of adults began clambering to impose their own agendas on the strange new teen spectacle unspooling in their midst. Read More