Search Results for: economy

Little Government in the Big Woods

Illustration By: Katie Kosma

Mary Pilon | Longreads | July 2016 | 8 minutes (2,061 words)

 

Last May, and much to the disappointment of many “Little House on the Prairie” fans, Melissa Gilbert announced that she would be ending her bid for a congressional seat in Michigan’s 8th district.

Best known for playing Laura in the 1970s television adaptation of Laura Ingalls Wilder’s iconic series of books, Gilbert, a Democrat and former president of the Screen Actors Guild cited health problems as her reason from stepping away from the campaign.

But during her short-lived bid for elected office, many Michigan voters and fans of the “Little House” television show and books may not have realized that politics is far from anything new for the franchise. In fact, they’ve been integral since the books’ Depression-era genesis.

Given the wholesome, all-American image of “Little House,” the political history of the books may surprise some readers. Wilder, who was born in 1867 and published the first “Little House” book in 1932, was an impassioned hater of Franklin D. Roosevelt and his New Deal policies. In a letter, she once called Roosevelt a “dictator,” and like her journalist and politically-active daughter, Rose Wilder Lane, Wilder also maintained strongly anti-government views. Lane, along with Ayn Rand, is noted as one of the pioneers of the American libertarian movement. Read more…

Home Is Where the Fraud Is

Banksy. Crayon House Foreclosure, East Los Angeles. Via Occupy.com

David Dayen | Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud | The New Press | May 2016 | 26 minutes (7,150 words)

Below is an excerpt from Chain of Title, by David Dayen, the true story of how a group of ordinary Americans took on the nation’s banks at the height of the housing crisis, calling into question fraudulent foreclosure practices. This story is recommended by Longreads contributing editor Dana Snitzky

* * *

How could you not know who I am if you’re suing me?

Lisa Epstein drove down Highway A1A, along the Intracoastal Waterway, back to her old apartment in Palm Beach. At her side was her daughter Jenna, in a car seat; atop the dashboard was an envelope containing the monthly payment on her unsold co-op. Though her house was in foreclosure, Lisa always paid the mortgage on the apartment, her fallback in case of eviction.

Lisa gazed at the water out the window. She never wanted to miss mortgage payments; Chase told her to do it and promised assistance afterward, but then put her into foreclosure. The delinquency triggered late fees, penalties, and notifications to national credit bureaus. A damaged credit score affected a mortgage company’s decision to grant loan relief, which hinged on the ability to pay. Even if Lisa managed to finally sell the apartment, even if she could satisfy the debt on the house, the injury from this “advice” would stick with her for years. Chase Home Finance never mentioned the additional consequences, emphasizing only the possibility of aid. The advice was at best faulty, at worst a deliberate effort to seize the home. Lisa spent a lifetime living within her means, guarding against financial catastrophe. Now Chase Home Finance obliterated this carefully constructed reputation. She felt tricked.

America has a name for people who miss their mortgage payments: deadbeats. Responsible taxpayers who repay their debts shouldn’t have to “subsidize the losers’ mortgages,” CNBC host Rick Santelli shouted from the floor of the Chicago Board of Trade on February 19, 2009, two days after Lisa got her foreclosure papers. “This is America! How many of you people want to pay for your neighbor’s mortgage, that has an extra bathroom and can’t pay their bills, raise your hand!” The floor traders in Chicago, between buying and selling commodity futures, hooted. This rant would later be credited as the founding moment of the Tea Party. And it signified a certain posture toward delinquent homeowners, a cultural bias that equated missing the mortgage payment with failing the duties of citizenship. The indignation didn’t account for mortgage companies driving customers into default. However, lenders welcomed anything that humiliated deadbeats into blaming themselves. In most cases it worked: in the twenty-three states that required judicial sign-off for foreclosures, around 95 percent of the cases went uncontested.

But Lisa had an inquisitive mind. Before she would acquiesce, she wanted to understand the circumstances that led to this lawsuit from U.S. Bank, an entity she had never encountered before seeing it listed as the plaintiff. She had three questions: who was this bank, why did it have a relationship with her, and why was it trying to take her house? Read more…

Borges and $: The Parable of the Literary Master and the Coin

Elizabeth Hyde Stevens | Longreads | June 2016 | 31 minutes (7,830 words)

 

Nothing is less material than money. . . . Money is abstract, I repeated, money is future time. It can be an evening in the suburbs, it can be the music of Brahms, it can be maps, it can be chess, it can be coffee, it can be the words of Epictetus teaching us to despise gold. Money is a Proteus more versatile than the one on the island of Pharos.

—Jorge Luis Borges, “The Zahir”

I fell in love with Jorge Luis Borges when I was a freshman in college. That year, full of hope and confusion, I left my hometown for the manicured quads of Brown University, desperately seeking culture—art, beauty, and meaning beyond the empty narrative of wealth building that consumes our world. It is easy to look back and see why Borges spoke to me. The Argentine fabulist’s short stories were like beautiful mind-altering crystals, each one an Escheresque maze that toyed with our realities—time, space, honor, death—as mere constructs, nothing more. With the beautiful prose of a poet-translator-scholar, he could even make money seem like mere fantasy. It was precisely the narrative someone like me might want.

Yet, money is real. We live and die by the coin. Money tells us how many children we can raise and what kind of future they can afford, how many of our 78.7 years must be sold off in servitude, and what politics we will have the luxury of voicing. As a college freshman, I still knew none of this, and I had the luxury of not thinking about money. These days, it seems all but inescapable.

I am still full of hope and confusion, but at 35, practically nothing concerns me more than the coin, a metonymic symbol representing my helplessness. The coin represents this desperate need to support myself and my writing when, in the very near future, I start a family. My mind has changed; all my journal entries turn into to-do lists and career strategizing. Money, planning, and money. I think of little else. Read more…

Postwar New York: The Supreme Metropolis of the Present

Demobilized soldiers returning to New York. Via Flickr.

David Reid | The Brazen Age: New York City and the American Empire: Politics, Art, and Bohemia | Pantheon | March 2016 | 31 minutes (8,514 words)

 

The excerpt below is adapted from The Brazen Age, by David Reid, which examines the “extraordinarily rich culture and turbulent politics of New York City between the years 1945 and 1950.” This story is recommended by Longreads contributing editor Dana Snitzky

* * *

Probably I was in the war.

—NORMAN MAILER, Barbary Shore (1951)

*

A hideous, inhuman city. But I know that one changes one’s mind.

In march 1946 the young French novelist and journalist Albert Camus traveled by freighter from Le Havre to New York, arriving in the first week of spring. Le Havre, the old port city at the mouth of the Seine, had almost been destroyed in a battle between its German occupiers and a British warship during the Normandy invasion; huge ruins ringed the harbor. In his travel journal Camus writes: “My last image of France is of destroyed buildings at the very edge of a wounded earth.”

At the age of thirty-two this Algerian Frenchman, who had been supporting himself with odd jobs when the war began, was about to become very famous. By 1948, he would become an international culture hero: author of The Stranger and The Plague, two of the most famous novels to come out of France in the forties, and of the lofty and astringent essays collected in The Myth of Sisyphus.

Camus’s visit to the United States, sponsored by the French Ministry of Foreign Affairs but involving no official duties, was timed to coincide with Alfred A. Knopf’s publication of The Stranger in a translation by Stuart Gilbert, the annotator of James Joyce’s Ulysses. In the spring of 1946 France was exporting little to the United States except literature. Even most American readers with a particular interest in France knew of Camus, if at all, as a distant legend, editor of the Resistance newspaper Combat and an “existentialist.”

Reviewing The Stranger in the New Yorker, Edmund Wilson, usually omniscient, confessed that he knew absolutely nothing about existentialism except that it was enjoying a “furious vogue.” If there were rumored to be philosophical depths in this novel about the motiveless murder of an Arab on a North African beach, they frankly eluded him. For Wilson the book was nothing more than “a fairly clever feat”—the sort of thing that a skillful Hemingway imitator like James M. Cain had done as well or better in The Postman Always Rings Twice. America’s most admired literary critic also had his doubts about Franz Kafka, the writer of the moment, suspecting that the claims being made for the late Prague fabulist were exaggerated. But still, like almost everyone else, especially the young, in New York’s intellectual circles Wilson was intensely curious about what had been written and thought in occupied Europe, especially in France.

“Our generation had been brought up on the remembrance of the 1920s as the great golden age of the avant-garde, whose focal point had been Paris,” William Barrett writes in The Truants, his memoir of the New York intellectuals. “We expected history to repeat itself: as it had been after the First, so it would be after the Second World War.” The glamorous rumor of existentialism seemed to vindicate their expectations. Camus’s arrival was eagerly awaited not only by Partisan Review but also by the New Yorker, which put him in “The Talk of the Town,” and Vogue, which decided that his saturnine good looks resembled Humphrey Bogart’s. Read more…

Could You Afford a $400 Emergency? Neal Gabler Says His Financial Confession ‘Was Not an Easy One to Write’

If there are two things Americans are good at, it’s mishandling our finances, and using Twitter to judge those who are in worse shape than us.

Thus we have the perfect Atlantic cover story this week—a refreshingly honest and desparingly relatable personal essay by writer Neal Gabler about his many financial mistakes, as well as a look at why even high-earning families in the U.S. are still living paycheck to paycheck. Gabler told me the piece “wasn’t an easy one to write.” Read more…

Weed Reads: A Reading List About Marijuana

Over the weekend, Pennsylvania became the 24th state in the U.S. to legalize medical marijuana. For your April 20th, here are eight reads on cannabis, from one writer’s journey into America’s first legal pot festival in Colorado to a profile on a scientist researching safe pesticide use in Washington State.

“More Reefer Madness.” (Eric Schlosser, The Atlantic, April 1997)

“More Americans are in prison today for marijuana offenses than at any other time in our history.” In 1997, Schlosser examined the case to decriminalize marijuana. (Dive deeper in his award-winning two-part series from 1994: “Reefer Madness” and “Marijuana and the Law.”)

“The Scientist Pot Farmer.” (Brooke Borel, Undark Magazine, April 2016)

In Washington State, which legalized recreational marijuana in 2012, scientist Alan Schreiber has studied pesticides for 18 years. Working to further agricultural research, Schreiber focuses on safe pesticide use in cannabis production and provides safety workshops for pot farmers. Read more…

A Dead Superhero Is a Marvelous Corpse

Ramzi Fawaz | The New Mutants: Superheroes and the Radical Imagination of American Comics | New York University Press| January 2016 | 25 minutes (6,662 words)

 

The excerpt below is adapted from The New Mutants, by Ramzi Fawaz, which examines “the relationship between comic book fantasy and radical politics in the modern United States.” This story is recommended by Longreads contributing editor Dana Snitzky

* * *

We’ve changed! All of us! We’re more than just human!

—THE FANTASTIC FOUR #1 (November 1961)

We might try to claim that we must first know the fundamentals of the human in order to preserve and promote human life as we know it. But… have we ever yet known the human?

—JUDITH BUTLER, Undoing Gender (2004)

*

Who might legitimately represent the human race?

In November 1992 Superman died. The Man of Steel would fall at the hands of the alien villain Doomsday, a thorny-skinned colossus who single-mindedly destroys life throughout the cosmos. Arriving on Earth seeking his next conquest, Doomsday meets his match in the planet’s longtime guardian, known to few in his civilian garb as the meek journalist Clark Kent but beloved by all as the caped hero Superman. After an agonizing battle in the streets of Metropolis, Superman’s urban home, Superman and Doomsday each land a final fatal blow, their last moments of life caught on camera and broadcast to devastated viewers around the world. The fictional media firestorm surrounding Superman’s death mirrored real-world responses to DC Comics’ announcement of their decision to end the life of America’s first superhero earlier that year. Months before the story was even scripted, national print and television media hailed Superman’s death as an event of extraordinary cultural significance, propelling what initially appeared as an isolated creative decision into the realm of public debate.

Public opinion ranged widely, from those who interpreted Superman’s downfall as a righteous critique of America’s moral bankruptcy to those who recognized it as a marketing stunt to boost comic book sales. In an editorial for the Comics Buyer’s Guide years later, leading comic book retailer Chuck Rozanski claimed that upon hearing about the decision, he had called DC Comics editor Paul Levitz, pleading with him that “since Superman was such a recognized icon within America’s overall popular culture . . . DC had no more right to ‘kill’ him than Disney had the right to ‘kill’ Mickey Mouse.” According to Rozanski, by choosing to kill Superman for sensational purposes, DC would be breaking an implicit promise to the American people to preserve the hero’s legacy as a “trustee of a sacred national image.” Read more…

Technology for Problem Sleepers

Having trouble sleeping? In The New Yorker, Patricia Marx writes about the economy of slumber, offering a lively survey of current gadgets and expensive equipment designed to get you a night of rest, and she nestles it snug as a bug with a primer on the growing science of sleep. From deprivation to natural cycles to oversleep, Marx’s piece is far from zzzzzzz.

If you are hoping to excel at sleeping, you’ll need a high-performance pillow, Eugene Alletto, the C.E.O. of Bedgear, told me. (His observation that “many people have never been fitted for a pillow” was not exactly a shock to me.) You’ll also want sheets and a mattress protector made from “climate-control fabric.” Bedgear is one of several new companies that sell technologically advanced bed accessories. My friend Marshall’s Pillow ID—based on a Web questionnaire concerning his size, sleep position, and type of mattress—pegged him as a perfect candidate for the Dusk 2.0, a spongy cushion with a crimson border made from “nature’s most durable support material, derived from the frothed milk sap of natural rubber trees,” as opposed to fake rubber trees ($162). He took it to his mother’s house in the Hamptons, where the cacophony of nature tends to keep him up. After a week with Dusk 2.0, he said, “It’s the kind of pillow I like, mostly because it’s cold and firm. I also like that it is red and distinctive.”

On the other head, there is Pillo 1, a large, bouncy, latex-foam model from a company called Hall Innovations ($199). With a scooped-out hollow for your skull, the Pillo 1 would make perfect packing material for a cantaloupe. But, as a sleep aid, it disappointed my friend Penny: “I woke up that first morning with an acute pain in my neck, so I wasn’t willing to be a volunteer for this pillow anymore.” The directions indicate that, because it can take from three to four weeks to “break in” (whether it is the pillow or you that is broken in is unclear), you should use it at first for only one or two hours a night. Isn’t that like waking the patient to give her a sleeping pill?

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How Gentrification Affects Musicians

Gentrification isn’t simply the process of urban change through the rise in property values. It involves power dynamics between people in control and people at their mercy, and often between the white majority and working-class minorities. One group affected by gentrification is artists. In Radio Silence, Ian S. Port writes about the way musicians continue to get squeezed out of cities like San Francisco, Paris and New York, about how their departure changes the character and economy of the cities that benefited from their cultural contributions, and about the impermanence of bohemia. Complicating the picture is the fact that artists and bohemians are often gentrifiers themselves, moving into lower-income neighborhoods early in the cycle in order to capitalize off of low rent. Not everyone sympathizes with ousted musicians, yet many of us who listen to music benefit from their ability to create it. Port’s piece originally appeared in April, 2015. The magazine says it’s their most talked about story.

This influx of newcomers raised unsettling questions. If San Francisco was already going the way of gentrified Manhattan—as Borsook described it, “a slightly faded kosher butcher shop replaced by an Italian fusion restaurant, what was the rehearsal space for a dance troupe become a lawyer [now tech company] loft”—where would the artists go? There’s a limited supply of dense, thoroughly urban places in the United States, and only a handful of large ones west of the Mississippi. If the newfound tastes of the upper-middle class and the wealthy made it so artists couldn’t afford to dwell in those places, what then? What would happen to bohemia when artists were shunted to more sprawling and affordable cities? A spread-out burg like Los Angeles might foster its own pockets of artistic activity, but there’s a vast difference between that sort of scattered bohemia and the concentrated energy of, say, North Beach in the 1950s.

San Francisco’s dot-com boom went bust in the early 2000s, and as its wealth evaporated, the city was jolted back toward normalcy. “For Rent” signs papered the windows of apartment buildings on Geary Boulevard from the city center out to the Pacific Ocean. Some artists and musicians who had left were able to return, bolstering the bohemian community that remained. Young people still came to San Francisco to find success in creative fields. With a little searching for the right living situation, one could find a room at a price that would leave plenty of time for making art after making the rent. John Dwyer lived on Haight Street in those days, and he could be seen riding his chromed bicycle around town during the hours normal people were at work.

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Longreads Best of 2015: Under-Recognized Stories

We asked all of our contributors to Longreads Best of 2015 to tell us about a story they felt deserved more recognition in 2015. Here they are. Read more…