Extra, Extra!

This is not a picture of me, but rather one of the most generic images to be found on the Interweb. However, it is a visual representation of what I will be up to for the next four months. That’s right. I’m a journalist! Temporarily, at this point, but hopefully that doesn’t detract from my ace reporting, a recent example of which, came out today. Read here!

Keep yrself tuned to the San Francisco Bay Guardian (and politics blog) for more, and soon.

Roll Over Beethoven

I’ve been thinking about how to move YrDoingAGreatJob away from the whole blog as just re-posted smorgasbord of cool stuff you think your (invariably tiny) group of readers will dig; but dadgummit, along comes this monumentally astute knowledge bomb from Matt Bai over at the New York Times Magazine.

In light of yesterday’s “shocking” defeat of Democrat Martha Coakey by Republican Scott Brown for Teddy Kennedy’s Senate seat, Bai discusses the increasingly antiquated notion of partisan political alignment. Now, if that term sounds unfamiliar, you’re probably young and it might as well remain unfamiliar. But basically, it’s the idea that because one year ago voters ushered in the Liberal Jesus Barack Obama and technical Democratic majorities in both chambers of Congress, the nation’s voters would stop watching crappy cable news and listening to even crappier talk radio and go back to work and forget about guns and butter and trust the Democratic Party they just elected and keep voting them back into power each time because, well, Washington and politics and especially, reform, move at about the pace of a garden slug.

Of course, all that is about as relevant now as a rotary phone. Here’s Matt (worth quoting at length):

On a deeper level, the fading dream of realignment reflects our attitudes about permanence in a society that judges its digital TVs by their “refresh rates” — that is, the number of times per second that the pixels on the screen rearrange themselves to create a more eye-popping picture than the one that just existed. In an accelerated culture, our loyalties toward just about everything — laundry detergents, celebrities, even churches and spouses — transfer more readily than our grandparents could have imagined. Now we dispose of phone carriers and cash-back credit cards from one month to the next, forever in search of some better deal. Forget the staying power of an institution like Johnny Carson; when Jay Leno starts to feels a little stale, he is shifted to prime time, then shifted back to late night…

It isn’t only majority parties that will have to recalibrate their ideas of longevity in this new environment. It’s the individual politicians, too. Only in Washington, where changing social attitudes from the rest of the country generally arrive with all the speed of a Pilgrim vessel, is protracted incumbency still considered some kind of ace-in-the-hole selling point. Americans who rotate through a series of jobs or even careers every decade are far less likely to want to pull the lever for the same graying senator — or the same graying party — for the duration of their natural lives, which means the politician-as-local-institution is probably headed for the history books. It doesn’t seem likely that Scott Brown, the newest Massachusetts senator, or any of the energetic and unwrinkled senators who have recently arrived in Washington will ever be memorialized the way Ted Kennedy was, or have the chance to treat the Senate as a kind of surrogate nursing home, in the manner of a Strom Thurmond or a Robert Byrd.

Conrad Ruiz’s “Cold, Wet, and Hard”

Just look at that face. That, my friends, is the face of painter! Conrad Ruiz, specifically, and he’s one hot cookie here in the Bay Area. And if you’ll indulge me, head on over to Art Practical to read my review of his current solo show “Cold, Wet, and Hard” at Silverman Gallery.

Something Wicked This Way Comes

In light of renewed calls to give the Federal Reserve more regulatory powers, a new report by Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program (TARP, or the taxpayer-financed financial bailout) lays out some startling, if not altogether unsurprising, curiosities. From the Times:

The Fed, under Mr. Geithner’s direction, caved in to A.I.G.’s counterparties, giving them 100 cents on the dollar for positions that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices. On the question of whether this payout was what the report describes as a “backdoor bailout” of A.I.G.’s counterparties, Mr. Barofsky concluded: “The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.’s counterparties.” The report noted that this was money the banks might not otherwise have received had A.I.G. gone belly-up.

Goldman Sachs, we all should know, was led from 1998 to 2006 by none other than the Bush administration’s Secretary of the Treasury, Henry Paulson, who had actually worked for the company in some capacity since 1974. Now, you don’t devote over thirty years to a company and then forget who your friends are. Especially when your compensation package in 2005 was upwards of $37 million. Noting the above, what Barofsky terms a “backdoor bailout,” I am more inclined to call a multi-billion dollar “reach around.”

I have not yet read the entirety of the report, but I plan to (as you should too). It can be found here.

How Much Art Can You Take?

Art Practical, or The-Website-Formerly-Known-As-Shotgun-Review, has debuted. Yay! So if you live in the Bay Area, enjoy contemporary art(s), and at least pretend to keep yr melon out of the sand, better get this RSS’d to the hilt, cause they’re already at Issue Two. Entitled “Nomads & Residents,” you’ll find an openings calendar, two on-going features, and six in-depth reviews of exhibitions going on around town, including one starring my homie from Charleston, Lena Daly. Also: Jess Brier, Headlands extraordinaire, wrote a fine essay on Futurist NOISE at YBCA, and I—full disclosure—even penned a piece myself which you can find here.  Now ENJOY!