Sunday, November 22, 2015

Quote of the day

McArdle:
Glass-Steagall’s major appeal is not that it would work, but that it can be explained in under a minute to someone who doesn’t know anything about financial markets. Try doing that with the Basel III capital requirements.

FLG's responses to the calls for Glass-Steagall's reinstatement have varied over the last, oh seven years, between scratching his head in confusion and apoplectic rage.   Rather than recapping all that, FLG'll just post this other quote...

On the Glass-Steagall, I’ve really thought about that because No. 1, nonbank banking was already a major part of American life at that time. Letting banks take investment positions I don’t think had much to do with this meltdown. And the more diversified institutions in general were better able to handle what happened.
...by Bill Clinton

Friday, November 20, 2015

Couple of Interesting Points

...from this article about Menswear.

Interesting point 1:
In an interview with the [fashion] school’s student-run Web site and magazine, Banderas explained that he wanted to start his own menswear line; his particular ambition was to bring back the cape. Capes for men, he said, have “incredible possibilities”
If there is one thing FLG learned at Georgetown, it's that whenever one says something is interesting he must follow up with precisely why it is interesting because saying something is interesting conveys no meaning.

So, FLG agrees capes have incredible possibilities -- winter capes, bulletproof capes, travel capes with lots of pockets that are easy to take on an off, and of course invisibility capes.


Interesting point 2:
It seems as though, having searched for an authentic way of dressing “like a man,” the men of menswear have discovered that nothing along those lines exists. It’s costumesall the way down: trad, woodsman, cowboy, sailor, biker, banker, goth ninja. 

This echoes a point FLG has been making for a while.   The search for authenticity is a fool's errand bred by a disappointment in the person's own cultural milieu.   Ultimately, what seems authentic is merely interaction with the new or novel whether that be foreign cultures or ages past.   Upon further inspection, however, there's nothing authentic about them either. 
 
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