Category: Big Business

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Made it!

Maybe (?) it’s dweebish to take pride in being able to help put on a good pharmaceutical outsourcing conference, but it’s an awfully good feeling when an event works out as well this one has.

The first day of the event is the more stressful one: We had 130 companies at the one-day tabletop exhibition and more than 300 attendees in the house for the conference sessions (between sessions, we had events in the exhibit hall, so the attendees could learn about the exhibitors and do business). It’s basically a four-person operation, with some day-of-show help from some of our office staff.

The buildup is pretty harrowing for us, knowing that more than 500 people are on site because of the strength of the brand 0f our magazine. But the big day was a rousing success. The exhibitors were ecstatic with the quality of the leads they were getting from the attendees, while the attendees loved the presentations we put together (I take a little more pride in that part, since this was the first year I was largely responsible for organizing the presenters and topics).

Anyway, I know this is coming off as a rah-rah horn-self-tooting, but I feel awfully good about how well it all turned out. Exhibitors were seeking us out at the cocktail reception after the show, to tell us they wanted to sign up for next year’s event now. It takes months of preparation that still leaves plenty of last-minute stress, and it’s a great feeling when everyone else is happy with the results.

Now, on to Paris, for a conference about 9 bazillion times bigger than this one.

(I’ll try to post some Unrequired Reading this afternoon, when I’m home.)

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Unrequired Reading: party like it’s 5767

Happy Jewish New Year, dear readers! In honor of Rosh Hashanah, this week’s Unrequired Reading features a bunch of Jewish-connected links and others that have nothing to do with Judaism.

First, we have Michael Totten’s interview with Yaacov Lozowick, author of Right To Exist: A Moral Defense of Israel’s Wars. He thinks neither of the Lebanon wars is defensible, and provides some good insights into the shifting emotional landscape of Israelis during the most recent war.

If the story about Israel’s use of cluster bombs in the war’s last days proves true, that oughtta get categorized as “really REALLY indefensible.”

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Johnny Knoxville isn’t Jewish , but he gets to celebrate our new year with his new movie’s debut. Here’s an interview with him and Jeff Tremaine, the director of Jackass Number Two.

On Howard Stern this week, Knoxville admitted that he got the idea for getting gored by a bull (watch the trailer) from watching a Tom & Jerry cartoon. We’ll probably see the movie tomorrow, along with a shopping expedition to the new Century 21 store in Paramus, and a White Manna run. Because we’re all about the gracious living.

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For its first season or two, The State was one of the funniest television shows ever (I seem to recall the last season completely melting down in attempts at absurdism that went nowhere, as it its wont). Even though every other series in the world has gone DVD, The State languishes in MTV vaults. Good news: the first season is getting released on iTunes’ video store!

I can legitimately tie this into this week’s Jewy theme because of the great skit in which the cast members were all asked to introduce themselves and make a personal confession, as a way of becoming closer to the audience: “I’m Michael Ian Black. My real name is Schwartz, but I changed it because I’m ashamed of being Jewish.”

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My buddy Ian’s not Jewish, but he IS a chief petty officer! Congrats! Check out the pix from the ceremony!

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Cory Maye’s not Jewish either, but there are probably Jews at the law firm that helped get him off death row, pending a new sentencing hearing. Here’s hoping it’s the first step to springing Maye from prison!

Oh, and the “informant” whose tip led to the botched raid that landed Maye on death row probably doesn’t like Jews. He sure doesn’t like black people.

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Rich people don’t always stay rich. Larry Ellison is Jewish, and he spent a ton of money, but he managed to stay rich:

A raft of e-mail messages and financial documents introduced in a lawsuit that disgruntled shareholders filed against Mr. Ellison and other Oracle executives in 2001, give witness to some of Mr. Ellison’s budgeting practices. (The suit was settled last November and the judge in the matter subsequently unsealed financial documents submitted as exhibits in the case). The documents, first reported by The San Francisco Chronicle earlier this year, also show how far Philip E. Simon, an adviser who described himself as Mr. Ellison’s “financial servant,” went in trying to persuade his boss to pay off about $1.2 billion in loans. (Neither Mr. Ellison nor Mr. Simon responded to interview requests for this article).

Mr. Ellison’s ledger around the end of 2000 included annual “lifestyle” spending of about $20 million, the purchase of a Japanese villa for $25 million, a proposed underwater archeology project earmarked for $12 million and his new yacht, budgeted at $194 million (news reports later said that the yacht’s final cost approached $300 million).

“I know you view me as a pessimist,” Mr. Simon wrote Mr. Ellison in an e-mail message in 2002, several months after banks began sounding alarms about Mr. Ellison’s debt. “Maybe you’re right, though I would disagree. Nonetheless, I think it’s imperative that we start to budget and plan. New purchases should be kept to a minimum. We need to establish and execute on a diversification plan to eliminate (yes, eliminate) all debt and build up a significant, conservatively structured, liquid investment portfolio.

“I know you don’t like to discuss this,” Mr. Simon added. “I know this e-mail may/will depress you. View this as a call to arms.”

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During my previous visit to Paris in 2002, I visited some of the monuments and shrines that commemorated the Jews that France shipped out for the camps. There’s plenty of other stuff for us to do this time around, as this BW slideshow sez.

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Sven Nykvist wasn’t Jewish, but he was the cinematographer on several Woody Allen flicks, including one of my favorite movies: Another Woman. (Also, he had an affair with Mia Farrow pre-Woody, which makes their subsequent collaborations just plain weird. On the other hand, Amy & I had exes perform the readings at our wedding, so hey.) He died last week after a long illness.

A few weeks ago, Amy was looking through our Netflix queue, and asked, “What is Light Keeps Me Company and why is it in our queue?”

Yes, she married someone who’s interested in seeing a documentary about a cinematographer. All I can say is, like Rembrandt, Nykvist’s work taught me new ways of seeing light. Rest in peace.

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Tiki culture: something that could bring all the world’s faiths together. Except the ones that prohibit drinking, I guess.

Yo-ho-ho and l’shana tova!

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Unrequited reading

Sorry to be writing less frequently, dear readers. I’m in the midst of a work-crunch of monumental proportions. Gotta finish a giant issue of the magazine by next Wednesday, then help put on our annual conference & exhibition Thursday and Friday, then get on a plane Saturday for a chemical ingredient conference. On the doubleplusgood side, said ingredient conference is in Paris, and my wife’s coming along for the trip.

On the down side, the book I just started, Witold Rybczynski’s City Life, is boring me silly, so I may have to drop it. I enjoy WR’s architecture articles on Slate, but the first 50 pages of this book have been pretty dull and pedantic, especially the second chapter’s extended take on how population size does not say much about the importance of a city. Again and again.

Fortunately, Amazon is about to deliver my copy of Shakespeare Wars, the new book from Ron Rosenbaum. Unfortunately, I don’t want to carry a 640-page hardcover with me overseas. So why don’t you suggest a book for me to read, already?

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Unrequired Reading

I’ve decided to make Unrequired Reading a regular post on Friday mornings. It’ll consist of the same stuff I was posting at random in the past few weeks. Which is to say, thanks to the miracle of RSS feeds, VM goofs around online so you don’t have to.

As my friend Mitch put it, “You know you’ve bottomed out when Bobby Brown says you’re an unfit mother to his children.”

(It’s Mother’s Day, not All Everybody Day!)

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Here’s a slideshow about Jonathan Ive, the design guru at Apple.

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10 Highly Pretentious Musical Instruments

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You stay classy, Cleveland.

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You are your Netflix Queue.

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Visiting Kandor?

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Firing tons of people — even Japanese people — does not automatically make you a success. I can’t stress this enough. Restructuring by “cutting fat” is fine, but it doesn’t necessarily put a company in the position to succeed in the future. Carlos Ghosn is trying to stay ahead of the game by allying with an American automaker and firing a ton of people.

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A wide-ranging (by my lights) interview with U of Penn Architecture Department Chair Detlef Mertins, author of a book on Mies van der Rohe.

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Paul Wolfowitz is running into trouble as president of the World Bank, due to his policy of not lending money to corrupt regimes.

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Will on Wal

George Will on the Democrats’ strategy of attacking Wal-Mart:

Liberals think their campaign against Wal-Mart is a way of introducing the subject of class into America’s political argument, and they are more correct than they understand. Their campaign is liberalism as condescension. It is a philosophic repugnance toward markets, because consumer sovereignty results in the masses making messes. Liberals, aghast, see the choices Americans make with their dollars and their ballots and announce — yes, announce — that Americans are sorely in need of more supervision by . . . liberals.

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This week in Unrequired Reading

Stories that have been sitting in my RSS feed this week:

Tim Cavanaugh of Reason magazine muses on the 40th anniversary of Star Trek:

And finally, [Star Trek is] a story of a powerful belief in what the franchise represents: the right of individuals, through machinery, weaponry, or barehanded intelligence, to live, be free, and pursue happiness, no matter how horrific the results (and we can all agree that Robert Wise’s Star Trek: The Motion Picture was as slow and agonizing as any torture devised on that evil Enterprise from the “Mirror, Mirror” episode in which Spock has a beard). Put all these ingredients together and it’s clear: Star Trek is the story of America.

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Mary Worth and Nothingness

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Tom Spurgeon interviews Sammy Harkham, the only “young” cartoonist whose work I’ve started to follow. I have an unfinished post from earlier this summer, about the MoCCA comics festival in NYC. The post was all about my realization that I’ve become a boring old fart, because I couldn’t think of any cartoonists whose work I discovered in the last five to eight years. Fortunately, I picked up one of Sammy’s comics then, and found a small book of his a few weeks later that impressed me.

Sammy edits an anthology called Kramer’s Ergot, and the interview discusses the process of putting the most recent edition together. As ever, I find this stuff fascinating, but you may not.

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George Will reviews a 9/11 novel that doesn’t sound very interesting to me, but that’s because the 9/11 novel I published tanked:

Messud’s Manhattan story revolves around two women and a gay man who met as classmates at Brown University and who, as they turn 30 in 2001, vaguely yearn to do something “important” and “serious.” Vagueness — lack of definition — is their defining characteristic. Which may be because — or perhaps why — all three are in the media. All are earnest auditors and aspiring improvers of the nation’s sensibility.

Uh, yeah.

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BLDGBLOG interviews author Jeff VanderMeer about the intersection of architecture and the novel.

As a novelist who is uninterested in replicating “reality” but who is interested in plausibility and verisimilitude, I look for the organizing principles of real cities and for the kinds of bizarre juxtapositions that occur within them. Then I take what I need to be consistent with whatever fantastical city I’m creating. For example, there is a layering effect in many great cities. You don’t just see one style or period of architecture. You might also see planning in one section of a city and utter chaos in another. The lesson behind seeing a modern skyscraper next to a 17th-century cathedral is one that many fabulists do not internalize and, as a result, their settings are too homogenous.

Of course, that kind of layering will work for some readers — and other readers will want continuity. Even if they live in a place like that — a baroque, layered, very busy, confused place — even if, say, they’re holding the novel as they walk down the street in London [laughter] — they just don’t get it.

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Times UK restaurant reviewer Giles Coren visited Croatia for a column:

The language is called Croatian these days, except in Serbia, where it is called Serbian, and it hasn’t got any easier. Chapter two of my Teach Yourself Croatian book was about counting to ten, and gently explained as follows: “The number one behaves like an adjective and its ending changes according to the word which follows. The number two has different forms when it refers to masculine and neuter nouns than when it refers to feminine nouns, and is followed always by words in the genitive singular, as are the words for ‘three’ and ‘four’. The numbers 5-20, however, are followed by words in the genitive plural. . .”

This is why you never see Croatians in groups of more than one or less than five in a bar. Because it isn’t actually possible to order the right number of beers.

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Official VM buddy Jecca reviews the second issue of Martha Stewart’s Blueprint (which, as I type it, sounds like something she came up with while she was in the joint, a la that Prison Break show).

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Gorgeous pictures of the world’s greatest libraries. There’s a book about it.

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What’s an interweb?

Big off-site sales meeting today, to discuss online sales strategies for the company. I’m not in sales, but they brought me in (along with our VP/editorial director) to give some perspective on how the editors can contribute good web-based content.

It was a critical meeting, in which we hammered out much of the plans for how we’re going to move this publishing company into the 21st century. People gave presentations on our digitial editions, webinars, and push e-mail systems, while discussing how to integrate online and print advertising packages. Thanks to the strategies we developed today, our salespeople are ready to go out and increase our online revenue fivefold in 2007.

Except maybe this guy:

Besides this moment, my favorite part of the meeting was when the sales consultant asked us, “How many of you go to YouTube.com?”

I raised my hand, as did our IT guy and our e-mail manager. That was it. I blurted out, “What the heck do you people do online all day?!”

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Unrequired Reading

Stuff I meant to post about in the past week:

Writing about restaurants in New Orleans (with a go-to mention of Finis Shelnutt):

“When people are still mucking out their houses, chefs are living in FEMA trailers, and others are finding out they are going to get screwed by their insurance company, I don’t want to be the guy who is writing about how the foie gras is not quite up to snuff,” he said.

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Why bashing Wal-Mart is not a good strategy for the Dems:

By restraining inflation, intense competition of the sort that Wal-Mart provides eases pressure on the Federal Reserve to do the job with higher interest rates. Note the paradox: At one level, intense competition destroys jobs, as some companies can’t compete, but the larger effect is to increase total job creation by fostering favorable economic conditions.

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Get your picture taken with Jesus.

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NO,LA: It’s the civil engineering, stupid!

Why didn’t the Corps design a consistent, redundant system? In large part, the reason was foot dragging — or worse — by pols on the state, local, and federal levels. In some cases, political opposition prevented the Corps from seizing land to build sturdier foundations. Plus, Louisiana’s local levee boards were lousy stewards. Levee officials were political animals, not engineering experts, and sometimes proved more interested in running ancillary “economic development” projects than working with the Corps to make sure the levees were up to their task. (It’s not because New Orleans is poor and black: the levees protect New Orleans’s richer, whiter suburbs too.) In addition, the Corps warned that many of New Orleans’s manmade canals, obsolete for years, should be closed or at least gated -— to no avail. Moreover, when the Corps, along with state officials, came to understand that wetlands restoration is a vital part of the flood protection system, not a tree-hugger’s afterthought, Congress balked at spending the required $14 billion over several decades for coastal restoration.

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The Chinese village of Dafen is like the opposite of William Gaddis’ The Recognitions:

In just a few years, Dafen has become the leading production center for cheap oil paintings. An estimated 60 percent of the world’s cheap oil paintings are produced within Dafen’s four square kilometers (1.5 square miles). Last year, the local art factories exported paintings worth €28 million ($36 million). Foreign art dealers travel to the factory in the south of the communist country from as far away as Europe and the United States, ordering copies of famous paintings by the container. [. . .]

Some five million oil paintings are produced in Dafen every year. Between 8,000 and 10,000 painters toil in the workshops. The numbers are estimates: No one knows the exact figure, which increases by about 100 new painters every year. But it’s not just professional copy painters who are drawn to Dafen — graduates of China’s most renowned art academy also come here. They complete only a small number of paintings a month and earn as much as €1,000 ($1,282).

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A guy used the graphics engine of the computer game Half Life to make a video tour of Frank Lloyd Wright’s Fallingwater house.

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Go see Little Miss Sunshine when you get the chance. We caught it yesterday. So did a couple of children sitting in the row behind us. They were less than 10 years old, and I’m sorta wondering if their mom noticed the “R” rating on the movie, or just thought it would be a fun flick about children’s beauty pageants, with that guy from The Daily Show. She may’ve been a little surprised when Alan Arkin was snorting heroin in one of the opening scenes. Anyway, it was a really wonderful flick, with a punchline that almost had us crying with laughter.

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And have a good holiday.

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Housing ka-boom

LONG article about how a popular type of mortgage, the option ARM, does not actually provide money for free, and is about to annihilate a lot of homeowners’ finances:

After prolonging the boom, [option ARM] mortgages could worsen the bust. They also betray such a lack of due diligence on the part of lenders and borrowers that it raises questions of what other problems may be lurking. And most of the pain will be borne by ordinary people, not the lenders, brokers, or financiers who created the problem.

Gordon Burger is among the first wave of option ARM casualties. The 42-year-old police officer from a suburb of Sacramento, Calif., is stuck in a new mortgage that’s making him poorer by the month. Burger, a solid earner with clean credit, has bought and sold several houses in the past. In February he got a flyer from a broker advertising an interest rate of 2.2%. It was an unbeatable opportunity, he thought. If he refinanced the mortgage on his $500,000 home into an option ARM, he could save $14,000 in interest payments over three years. Burger quickly pulled the trigger, switching out of his 5.1% fixed-rate loan. “The payment schedule looked like what we talked about, so I just started signing away,” says Burger. He didn’t read the fine print.

After two months Burger noticed that the minimum payment of $1,697 was actually adding $1,000 to his balance every month. “I’m not making any ground on this house; it’s a loss every month,” he says. He says he was told by his lender, Minneapolis-based Homecoming Financial, a unit of Residential Capital, the nation’s fifth-largest mortgage shop, that he’d have to pay more than $10,000 in prepayment penalties to refinance out of the loan. If he’s unhappy, he should take it up with his broker, the bank said. “They know they’re selling crap, and they’re doing it in a way that’s very deceiving,” he says. “Unfortunately, I got sucked into it.” In a written statement, Residential said it couldn’t comment on Burger’s loan but that “each mortgage is designed to meet the specific financial needs of a consumer.”

This is one of those instances where the financial industry is at fault, but they couldn’t have pulled it off without the help of idiotic consumers. Any transaction I get into worth $500,000 is not going to involve someone who put a flyer in my mailbox.