Postcards from the Bleeding Edge
Sunday, October 26, 2008

  Moral Hazard

And now the Bailout feeding frenzy begins!

Far from being contained in America, the meltdown has wrecked the ruble, frozen Iceland, the Australian dollar has dropped 37% since july, South Africa's currency is down even more, and let's not talk about Zimbabwe!

Is it any wonder that China agitates for a new world monetary standard?

The yen showed the biggest gain, now at 94 to a dollar. After over a decade of stagnation, a country of small savers finally wins a little.

Ah, well, there's always the koln concert - a compelling case for over-the-ear headphones and and time to reflect.

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Comments:
I've got ninety thousand pounds in my pajamas
I've got forty thousand french francs in my fridge.
I've got lots of lovely lire
Now the Deutschemark's getting dearer
And my dollar bills would buy the Brooklyn Bridge.

There is nothing quite as wonderful as money
There is nothing quite as beautiful as cash.
Some people say it's folly
But I'd rather have the lolly
With money you can make a splash.

There is nothing quite wonderful as money
(money, money, money, money)
There is nothing like a newly minted pound
(money, money, money, money)
Everyone must hanker for the butchness of a banker
It's accountancy that makes the world go round, round, round, round.
You can keep your Marxist ways
For it's only just a phase
For it's money, money, money makes the world go round.

(Apologies to Monty Python)
 
Keith Jarrett would prefer you not listen to his concert anymore:

http://online.wsj.com/article/SB122367103134923957.html
 
I saw the Koln concert, performed from the transcription, a few years ago in Kuumbwa in Santa Cruz. I can't remember who it was... but it was almost as magical as the original. I was astonished to be able to hear where the performer stumbled and recovered. This is music I know *that well*, and yet those stumbles, and rooting for the performer to fully channel Keith, made the act of living through this recreated concert live one of the most amazing nights of live music I have ever experienced.

I understand Jarrett's reasoning for not wanting people to focus so on this particular concert.

I must have 10+ albums of his, several of which I find more interesting (Scalzi in particular)... but...

It is to a very few pieces in this world that I return to when I want to close my eyes and let the music flood over me. I think the Koln concert is the only solo piano record in my collection that stirs nearly paraplegic listening on the order of what happens to me on Shostakovitch's fifth.

I will argue that the prevalence of the middle register is key to the enduring popularity of Koln as most stereo systems fail miserably (particularly in the age of earbuds) at reproducing the entire range of a good piano.
 
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