The Greatest Story Ever Sold – BONUS POST

The Bonus Book of the Week is “The Greatest Story Ever Sold, The Decline and Fall of the Truth from 9/11 to Katrina” by Frank Rich, published in 2006. Rich was right when he said, “…the very idea of truth is an afterthought and an irrelevancy in a culture where the best story wins.” There have been so many “great” stories in history, but Rich obviously thought this one was the greatest.

The author argued that the George W. Bush administration was one big, taxpayer-paid-for propaganda monster that used clever timing to minimize all adverse occurrences, to paper over the greed, incompetence and evilness of its leadership. The administration used insidious strategies, including secrecy, restricting of access to information, and even censorship to muffle opponents. Sounds familiar… Unfortunately, the reason history repeats itself so often is that human nature doesn’t change.

In October 2001, American troops in Afghanistan weren’t made available to journalists– war information came from a press pool. Only Al Jazeera, an Arab network based in Qatar (not viewed in the U.S.), was allowed to show (horrific) images of the war. An organization, the Office of Strategic Influence was specially created to spread fake war-news. The New York Times blew its cover in February 2002.

Next, a year later, the administration aired an ABC-TV reality show (!) about the war in Afghanistan. Too bad it got poor ratings. In order to increase security abroad, Attorney General John Ashcroft ordered plenty of wild goose chases, arresting people left and right. No one was ever proven to be a terrorist. But numerous suspects were denied due process in military tribunals– the proceedings, legal and illegal, were all kept secret, including the torture.

One would have thought America was winning the wars in Afghanistan, Iraq and on terror– but only because the American government engaged in extensive efforts to report on only war heroes and battle victories, and smear as “unpatriotic” everyone with any negative utterances (even true ones!) about the troops, the wars, war coverage (or forced lack thereof), etc.

In May 2003, Bush proclaimed, “… major combat operations in Iraq have ended.” Tell that to all the members of the American military who were redeployed immediately after their “last” tour and those who died, journalists of all nationalities who died, and Iraqis of all stripes who died in 2004, 2005, 2006…

By 2004, needless deaths numbered in the hundreds. That was before the propaganda blitz helped Bush to beat John Kerry in his re-election bid. A litany of liars from the Bush campaign screamed louder and longer, and apparently more convincingly than Kerry’s.

Another example of how effective repetition can be: Question: How is it known that six million Jews died in the Holocaust? Answer: The Jews have been screaming that figure louder and longer than anyone for the last seventy years.

If, for instance, the Democrats were to scream for the next two years (not that they should, but if they did) that Donald Trump declared business bankruptcy six times (!!!!!!) during his business career, such repetition might influence voters. Not that the Holocaust is comparable to financial ruin.

But a few media outlets would have viewers believe that the current presidency’s recent political scandals have ruined numerous lives and caused permanent ruptures in the fabric of the universe. If any recent presidency has done that, it was the George Bush administration.

Sadly, there wasn’t room enough in the book to mention the numerous other ways the president’s henchmen employed thought-control on the American populace during the Bush/Kerry election. However, one was a viral, comedic, animated/cgi music video created by the Spiridellis brothers, “This Land!”– a parody of the folk song “This Land is Your Land, This Land Is My Land.” It helped to give the impression that Kerry was big on bragging about his three purple hearts he received fighting in the Vietnam War while Bush was macho. Arguably, the video favored Bush.

Other memorable messages the media spewed against Kerry was that he was “un-presidential” and his wife displayed behavior unbecoming a potential first lady.

Read the book to learn why the author thought that Bush was worse than the late former president Richard Nixon; and how much taxpayers shelled out for the scripted, repulsive, libelous, slanderous reality-show featuring a morally bankrupt cast of characters that was the George W. Bush administration.

A Memoir According to Kathy Griffin – BONUS POST

The Bonus Book of the Week is “A Memoir According to Kathy Griffin” by Kathy Griffin, published in 2009.

This memoir described the comedian whose shtick consisted of telling humorous, embarrassing stories about members of the entertainment industry. Or, as she characterized herself: “… someone who gets fired, stirs up trouble, and gets debated about on CNN for saying bad things on award shows.” Kudos to her for being an honest, amusing attention whore. She must have brought in sufficient profits for the entertainment industry to tolerate her behavior.

Born in November 1960 in Forest Park, Illinois, the youngest of five children, Griffin grew up in Oak Park, Illinois. At eighteen years old, she moved to Santa Monica, California to be an actress. She apparently had the talent, drive and creativity to get famous.

In the early 2000’s, Griffin performed sufficiently well at the Laugh Factory in Los Angeles to double the length of her show to two hours. This allowed the cocktail waitresses to make sufficient money to pay their rent, “Plus they loved serving the gays, because they were well-dressed, respectful and tipped well.”

Griffin didn’t talk about Anna Nicole Smith right after she died out of respect. As Greg Giraldo would have said, “Too soon, too soon.” Griffin revealed deeply personal information– both of her parents were functional alcoholics, and her oldest brother was a pedophile and substance abuser.

Griffin tried to raise the alarm about her brother, but, as she joked– her parents thought “denial” was a river in Egypt. She admitted to two major errors in her life– poor judgment in both her marriage and in having liposuction. Read the book to learn the details of this and other episodes.

SERIOUS ENDNOTE: Griffin had no qualms about making political statements unrelated to the awards shows she attended. It is therefore not inappropriate to make a political statement unrelated to Griffin’s book, below.

This nation seems to be in denial about the amount of debt load currently carried by not only individuals and businesses, but by the federal government and local governments. It appears that bankruptcies of government entities is the next financial crisis in the offing; the reason why, will be explained shortly.

Within the last thirty or so years alone, the United States has seen greed fests and then busts with regard to junk bonds, savings and loan associations, derivatives, tech stocks, and subprime mortgages, just to name a few. Mortgage-backed securities used to be one of the lowest-risk investments around. Tax-free municipal bonds are presumably still one of the lowest-risk investments around.

BUT one small bond brokerage (and possibly others, too) whose website says it “specialize[s] in tax-free municipal bonds. That’s all we do.” recently changed the language on its customers’ monthly statements. It is forcing them to accept the words, “trading & speculation” (!) for their “Investment objective/Risk tolerance” or else they won’t be able to purchase bonds. It makes itself sound like a penny-stock broker-dealer of the 1980’s that churns accounts. Or a currency broker.

The brokerage is so phobic about covering itself legally that there must be bond issuers who are going to go belly up AFTER THE CURRENT PRESIDENT HAS BEEN REELECTED or has left office, whenever that is. (It might be recalled that Detroit took the plunge in July 2013, after Obama was reelected.) Or its brokers are getting greedy and unscrupulous. Or both. Good luck with that, all.

Shoe Dog

The Book of the Week is “Shoe Dog, A Memoir by the Creator of Nike” by Phil Knight, published in 2016.

Born in 1938 in Portland Oregon, Knight showed irrepressible passion and optimism through years and years of financial losses. He got seed money from his father, and moral support from his mother.

By his mid-twenties, Knight possessed a quality education but still needed to find himself. He did some international traveling with a friend. He learned that Japan made running shoes he could import and sell in the U.S. So in 1964, he partnered with his college track coach– a legend in his social circle- to start a business. At that time, “running wasn’t even a sport.”

Even though he was a pioneer in an evolving industry, he returned to school to become a Certified Public Accountant, just in case the sneaker gig didn’t pan out. He was working around the clock at a full-time accounting job, and nurturing his shoe business. He and later, his employees, personally drove to track meets of schools in western states to meet and sell sneakers to scores of people– coaches, runners, fans.

Banks lending money to businesses at the time did not provide revolving credit facilities– they expected to see solvency. Knight believed in reinvesting every penny of profit into the business– thus generating an endless debt cycle.

He would borrow to purchase more sneakers, sell them, then repeat the process. He had to have competitive sales prices for his products; else they wouldn’t sell against Puma and Adidas. But they were selling like hotcakes. Starting in the mid-1960’s, before he rented a warehouse, he stored the shoes, floor to ceiling, in his bachelor pad. The business was initially named Blue Ribbon and the first shoe model was named Tiger.

At the 1972 Olympics in Munich, eleven Israelis were killed in a terrorist attack. The nation was again mourning yet more deaths, in addition to those of previous years– the Kennedys, Martin Luther King Jr., the Kent State University students, and of course, the tens of thousands in Vietnam. “Ours was a difficult, death-drenched age, and at least once every day you were forced to ask yourself: What’s the point?”

By 1976, Knight had changed his business’s name to Nike Inc. and had factories in New England, Puerto Rico and Taiwan. Unsurprisingly, his family life took a backseat to his workaholic lifestyle.

Read the book to learn of Knight’s interactions with his business partners and their personalities, and the million worries he faced every day in running his business, including products, manufacturing, warehousing, distribution, advertising, retailing, and dealing with lenders, employees, counterfeit goods, etc., etc. etc.; plus, what prompted him to take the company public.

Mistaken Identity – BONUS POST

The Bonus Book of the Week is “Mistaken Identity” by Don & Susie Van Ryn and Newell, Colleen & Whitney Cerak, with Mark Tabb, published in 2008. This is a long, true story of a cluster-screw-up of honest ineptitude whose negative consequences were mitigated by the virtuous nature of the people involved.

The families of the victims described in this book weren’t vengeful and didn’t look for someone to blame or sue, pursuant to the tragedy. They were forgiving, and saw the positive consequences of it– they widened their social circle and became a good example for others of civil and mature behavior.

In late April 2006, two female Taylor College students from Michigan who shared an employer happened to be riding home in the same van in Fort Wayne, Indiana. They didn’t know each other. However, their appearance, build and facial features happened to be largely similar. The van was involved in a tragic accident. Along with other passengers, one of them died, and the other lived but had serious injuries.

In the aftermath, the one who lived remarked, “A lot of what was written in different magazines was wrong, and I think it gave me a different perspective on people and the media that I never had before.”

Read this book (not media stories) to get an accurate picture of what happened to the two families of the accident victims.