I will kick Norman Spinrad square in the nuts

After work on Tuesday, I headed into NYC to attend my buddy Paul Di Filippo’s reading at the South Street Seaport Museum. It was the kickoff of the 19th season of the New York Review of Science Fiction’s reading series. Paul, who came down from Providence for the event, did a great job with a charming story called “iCity”. It’s about competitive urban planning, the fickleness of public taste, and the use of ‘sensate substrate’ to build just about anything.

I got to the venue about an hour early, so as to avoid traffic from the Yankees game. I meandered around the area and took a couple of pix, but it’s nowhere near as photogenic as the swathes of Toronto we saw this weekend. Talk about urban planning: I don’t really understand the Fulton St. part of the Seaport. See, it’s a quaint, nautically-themed cobblestone street . . . populated by Gap, Talbot’s and Abercrombie & Fitch stores. This stretch is riddled with tourists, which leaves me to figure out exactly why visitors who make the relatively inconvenient jaunt to this part of Manhattan would want to shop at the same stores they have in their own towns: “I can’t believe we’ve come to the famous South Street Seaport all the way from Nebraska! Now let’s get some Pizzeria Uno!”

I guess stores that sell anchors and sailor hats would hardly stay in business, but still. Here’s a picture from out on the pier:

Sailing into the financial district

Anyway, as mentioned, Paul’s story was a hoot. Amy — who took the subway over after work — concluded she needs to start reading some of Paul’s collections. We have a bunch of them on the shelves downstairs, along with a novel or two of his, so she’ll have plenty of choices.

During the intermission, we caught up with Paul and his partner Deb Newton, along with SF legend Barry Malzberg and his wife Joyce. We told Paul & Deb that we’ll definitely get up to Providence to see them sometime soon, especially now that we know Tim Horton’s has opened some locations up there.

Then the intermission ended, and our nightmare began.

The second reader for the evening was Norman Spinrad. I’d read Little Heroes, one of his novels, around the end of my high school days (1988/89), shortly before I started keeping this list. I think I learned about him from a mention in Bruce Sterling’s Mirrorshades anthology — which is also where I first read something by Paul — earlier that year.

I don’t recall what Spinrad’s reputation was at that time. I hadn’t heard his name in a bazillion years, but when I saw that he was on the bill with Paul, I was curious as to what he’s been up to. After last night, I’m now curious as to how he’s avoided being beaten to death by angry audiences.

He began by rambling through some unfunny, huckster-riffic spiel about a machine that allows people to program their own dreams. Now, I once described The Triplets of Belleville as “being inside another person’s dreams. Unfortunately, that person is very boring.” But I had no idea how bad it could get.

Spinrad spent the next 40-45 minutes reading us a “G-rated” dream. The ‘dream’ was uninteresting, overlong, rendered in utterly lifeless prose. I’m not making this up: it was about (I think) a crippled girl at a prom, who transforms into a butterfly, a hummingbird, a raven, a condor, some sorta flying bicycle person, a dragon, and sweetJesusItotallylosttrack. It was narrated in the second person, which made it sorta like Bright Lights, Big City, except even less fun and without the cocaine.

I mean, I give myself credit for sticking with it as long as I did. Virtually the entire crowd of two dozen was . . . despondent. We weren’t exactly slack-jawed with disbelief. I mean, sure, that was part of it. But the sheer length of the reading meant that we recovered from the tension that accompanies shock — even the shock of badness — and headed on into stultification. His only bit of dialogue, some rhyming by a wise old black woman, would have been offensive if we were left capable of ire.

The interminability of it all grew to the point at which an older member of the audience with some sorta Parkinsonian tremor actually stopped trembling. We assumed — okay, hoped — he’d just fallen asleep. I looked around to see if anyone was “into” the performance, but we were in the back row and all I saw were slack shoulders, and some heads hanging low. One guy was bouncing his head off the back of the chair in front of him.

We were a million miles from iCity.

But this didn’t stop our intrepid reader, who continued to relate this never-ending mess of prose. At some point in the reading, I sent a text message to Amy’s phone that read, “At least we have each other.” On the way back to the car, she likened the experience to an undergraduate creative writing class, remarking, “Just because you think your dreams are interesting, it doesn’t mean anyone else should have to suffer through them.” I pointed out that I recently blogged about dreaming of eight-dollar bills, but she thought that was funny.

When Spinrad finished/stopped, I didn’t know how to react. To applaud would signal that we knew the reading was over, but it could also give him encouragement and leave him thinking that this inane, boring ramble was somehow good. Most members of the audience began applauding, but even then the nightmare wouldn’t end.

No, the host of the evening, Jim Freund, politely commented on dreams as Spinrad walked away from the podium. This was enough to start the man pontificating about what he’s “trying to do” with this writing, exploring the “nature of dreams” or somesuch. Spinrad rambled on about lucid dreaming for a while, then headed back to the podium and said, “Can I tell a story?”

Amy quietly said, “Um, no. You proved that already.”

It was late by the time Spinrad got done explaining how an editor objected to his use of the second person. “He told me, ‘You can’t write in the second person!'”

I followed Amy’s lead and muttered, “I’m not so sure you can handle the first or third person, either.”

We had to head back to NJ, even though I would’ve liked to spend some more time with Paul & Deb. I suppose now we’ll have to get up there. Might even stay overnight, if it means we can score some of that Timmy’s coffee the next morning.

Anyway, you were a good sport for putting up with this whole darn thing. The lesson is, if you see Norman Spinrad on the bill for a reading, run in the other direction. Or kick him in the nuts.

Oh, and here’s another picture, from Water St.:

I have no idea what these numbers signify

(Note: none of this should imply that older writers are batshit coots who should be avoided. As exhibit A, I offer up one of my first-ever posts, about a mindblowing reading by William Gass at the 92nd St. Y.)

Strange Currency

Last night, early in my dream cycle, I dreamed that the U.S. had introduced the $8 bill back in 2003, but I’d done so much of my shopping online that I didn’t notice the new bill till now.

More irritatingly, in almost every dream I had for the rest of the night, people either goofed on me when I told them about this $8 dollar bill dream, or they too were using $8 bills to pay for things.

I think the presence of $2 coins here in Canada is messing with my head.

Since you put up with that, here’s another picture from Toronto.

Wait till Monday

Ahoy, ahoy, dear readers! Sorry for the lack of updates, but Amy & I have been meandering around town, taking pictures, having fancy-pants dinners, and meeting up with friends and family, so there’s been no time to write anything. But it’s Labor Day weekend, so I doubt there are a lot of people who are compulsively checking out this site to find out about my vacation. If you are one of those people, shame on you! Go out and have a nice holiday!

Meanwhile, here’s an unrepresentative photo from our trip. Well, it’s representative of how lovely the skies have been, but we haven’t spent much time by the lake.

God Moves On the Water

We still have all of Saturday and much of Sunday here (visiting my cousins today, and a college friend and her family are coming over from Buffalo to see us tomorrow), and I already have more than a hundred pix waiting to get cleaned up and posted on Flickr, so if you check back next week, I bet you’ll find a whole lot of images.

Laboriousness Day

Summer’s labor is over, dear readers! Now it’s vacation-time!

Amy & I are heading up to Toronto for a few days to visit friends and family, do some fine dining, and see the sights! We promise to take plenty of pix.

Unfortunately, I can’t convince her that we should follow Michael Cook’s footsteps and make a side-trip through the city’s drainage infrastructure.

Have a great holiday!

From the Editor: Idiot’s Alchemy

(Sorry I haven’t written much lately, dear readers. I’ve been awfully busy at work, and pretty burned-out by the time I’m home. But I’ll wrap up most of it today, and then Amy & I are off on a mini-vacation. More later! Meanwhile, here’s this issue’s From the Editor column.)

Idiots’ Alchemy

Making money out of nothing at all

In keeping with last issue’s Hollywood-themed editorial, I’ve decided to write a sequel! This month, we move from blockbusters to bombs. In Hudson Hawk, my favorite terrible movie, the archvillains plot to demolish the world banking system by flooding it with alchemically produced gold. At least, I think that’s the plot. It’s tough to follow, what with the implausible action sequences, candy-bar code-named CIA operatives (with David Caruso as Kit Kat!), a nun-as-love-interest, and musical numbers featuring Danny Aiello and Bruce Willis.

The action revolves around Darwin and Minerva Mayflower — campily played by Richard E. Grant and Sandra Bernhard — and their reconstruction of a lead-to-gold machine designed by Leonardo Da Vinci. Says Minerva, “After a couple of years of steady production, we’ll flood the market with so much gold that gold itself — the foundation of all finance — will lose its meaning.”

Of course, Nixon ended the gold standard 20 years before Hudson Hawk came out, rendering the Mayflowers’ plot moot. And yet it’s also eerily prescient. After all, gold qua gold doesn’t mean so much anymore, not as a “foundation of all finance.” Now it’s just another commodity in which to invest.

What we’re left with is money itself. Funnily enough, while we’re free of gold, we haven’t gotten over alchemy. Instead of la machina oro, we have “quant funds,” those hedge funds that employ statistical models so sophisticated that they can “find winning trade strategies,” as the Wall Street Journal puts it. From equations to money, like magic!

Turns out one of these winning trade strategies was investing in financial instruments that were based heavily on subprime mortgages (that is, the practice of giving large loans to people who have poor credit). Some of these sophisticated investing models managed to underestimate the risk of — repeat after me — giving large loans to people who have poor credit.

Finding themselves pummeled by margin calls and investor redemption requests (that is, investors trying to get their money out of these fabulous funds before it all disappeared), some funds required massive bailouts from their parent institutions. Outspoken financial personality Jim Cramer made the YouTube rounds by ranting about how the government needs to step in with an interest reduction, ostensibly to save the homes of subprime mortgage holders, but also to save the jobs of hedge fund managers.

Evaluating risk — the true foundation of finance — lost its meaning. For a while.

So how does this tie into pharma? Well, first there’s the direct impact of this credit shakeup on private equity firms. Many of these groups employ leveraging techniques to (partially) fund acquisitions of public companies. We’ve seen several contract manufacturers acquired by PE firms this year, but with money less easy to borrow, will further acquisitions be back-burnered?

But the other pharma tie-in is potentially more damaging, and that’s the bizarre talk about a new round of mega-mergers in the drug industry. First we heard rumors of Novartis’ interest in buying Bayer, and then an analyst floated the idea that Pfizer should acquire Wyeth.

Regarding the former, you can learn more with Derek Lowe’s In the Pipeline excerpt on page 40. As far as the latter? Well, I think the argument for a Pfizer/Wyeth hookup is far more flawed than that which guided Pfizer’s Warner-Lambert and Pharmacia buys earlier this decade. In those instances, Pfizer could point to its co-marketing agreements for major drugs and show how 100% control of those products would lead to greater sales. You may recall that I disagreed with those moves, not that I take any joy in how that turned out.

Now? Pfizer’s key motivation (says our analyst) is the acquisition of Wyeth’s biologics program, which she compares to AstraZeneca’s MedImmune acquisition. Which cost more than a dozen times MedImmune’s earnings. In cash.

But I’m starting to think that the point of these rumors — and there’ll be more this year — isn’t to push for those particular mergers. Rather, it’s to incite any sort of big merger activity, because the banks that took a bath this summer need to boost their financing and underwriting businesses this fall.

Let’s hope the new CFOs are smart enough to keep the industry’s recent merger history in mind. Otherwise, we could be looking more upheaval. Or, as Darwin Mayflower put it in Hudson Hawk, “History, tradition, culture: these are not concepts! These are trophies I keep in my den as paperweights! The chaos we cause the world with this machine will be our final masterpiece! Go, team, go!”

Go (not very far) ape!

Here’s a story about an escaped orangutan at the Atlanta Zoo. There are several odd aspects to this one. Which one do you think is the strangest:

a) That thee orangutan just wandered around about a 100 feet from his cage for half an hour, before being tranked and taken back to his pen,

b) that zoo officials think may have used “some sort of equipment” to get past the moats,

c) that they declared a “code brown” situation?

Yuck.

Will Rogaine put Cal Ripken on its packaging?

When a theme crops up for the third time on this blog, it’s time for me to create a new category for it. In that spirit, I now offer up “Adventures in Wheaties,” which is a perfect compliment to my “Adventures in Gin” category. I’ll use this category to chronicle my love/hate relationship with America’s favorite breakfast cereal.

So what could possibly have driven me to write about Wheaties yet again? After all, I’ve already discussed my A-Rod boycott and my aversion to buying a WNBA-branded box of the stuff. Now I’m convinced that the boys at General Mills are just messing with me.

After all, how do you follow up this box:

Skinny runner Hunter Kemper

with this one?

Fat baseball player Tony Gwynn

With all due respect to Tony Gwynn, a class act and a legendary ballplayer, I don’t think Wheaties is doing itself any favors when it displays one of the guys whom people cite when they make their “baseball players aren’t athletes like football and basketball players” argument. I understand the Hall of Fame reasoning in putting him on the box, and it’s not like they’re putting Sidney Ponson on, too, but it’s still not exactly hyping a fit lifestyle.

In the writeup about him on the back of the box, we find that Gwynn

was truly a thinking man’s ballplayer, a perfect blend of art and science. Known best for his artistry with a bat, he also pioneered the extensive use of videotape analysis studying his own game relentlessly, never resting on his success. His work ethic was legendary as he spent countless hours refining his stroke in the batting cage and at the hitting tee.

The writeup goes on to mention that a Wheaties breakfast “can help jumpstart metabolism.” Note that this doesn’t say, “will help jumpstart metabolism,” considering it’s juxtaposed with another picture that doesn’t even employ the slimming effects of a pinstripe uniform.

If I was Hunter Kemper, I’d give up and start eating Krispy Kremes.