As of two weeks ago, I am a Facebooking twit. With each post, each tap of the screen, each drag and click, I am becoming a different person — solitary where I was once gregarious; a content provider where I at least once imagined myself an artist; nervous and constantly updated where I once knew the world through sleepy, half-shut eyes; detail-oriented and productive where I once saw life float by like a gorgeously made documentary film. And, increasingly, irrevocably, I am a stranger to books, to the long-form text, to the pleasures of leaving myself and inhabiting the free-floating consciousness of another

Essay - Only Disconnect - NYTimes.com (via mediology)

au contraire, i am back to reading books. noir detective fiction, but still. 

(via thisisnotnewmedia via faketv)

The financial reregulation package just passed by Congress is far from a comprehensive reform of American finance. Despite the enormous threat to the world’s financial markets created by the failure of Lehman Brothers and the stunning excesses of insurance giant AIG and banking conglomerate Citigroup, the reforms are in truth modest. Neither the Obama administration nor Congress opted to cut banks down to size, and the bill is only placing mild limits on risky banking activities. The giant financial institutions, meanwhile, are as big—even bigger—than ever and bankers’ compensation is once again at stunning levels.

Jeff Madrick, Obama’s Risky Business (via nybooks)

Former FED chairman Paul Volcker’s response to the passage of the bill: “We could have done better…”

Read John Cassidy’s piece on the Volcker Rule.

(via newyorker)

Forget Brainstorming

toldorknown:

Brainstorming in a group became popular in 1953 with the publication of a business book, Applied Imagination. But it’s been proven not to work since 1958, when Yale researchers found that the technique actually reduced a team’s creative output: the same number of people generate more and better ideas separately than together.

None of us are as dumb as all of us.

(via @fritinancy)

Demons

zucherman:

I used to think the phrase “exorcise your demons” was “exercise your demons.”  Like, every once in awhile you just need to take them out for a little stroll in the park.

Me too.