Nerves of Steel

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The Book of the Week is “Nerves of Steel, How I Followed My Dreams, Earned My Wings, and Faced My Greatest Challenge” by Tammie Jo Shults, published in 2019.

The author, born at the dawn of the 1960’s, grew up in New Mexico and Colorado. For two years, military men in the recruitment offices of the Air Force and Navy told her she wasn’t allowed to become a pilot in their services because she was female. That was a lie. In March 1985, she was (finally!) inducted into the Navy, due to her chance meetings with honest men. She graduated near the top of her training class. Of course.

Shults was passionate about and good at, piloting aircraft, but she had to endure numerous indignities and conditions perpetrated by her bosses that were even more life-threatening than they should have been, because she was female. She was cool under fire, and her Christian faith saw her through those stressful and traumatic times of her life. Strangely, a religious quote in her book indicated she believed her God is a male!

Anyway, after her Navy service, she transferred her super flying skills to a job fighting wildfires in California. In the mid-1990’s, she learned to fly a piston-engine plane (different from the military aircraft she had been flying). She engaged in surveillance missions to alert firefighters and others on the ground to situations that were more dangerous than usual; dispensed red mud to put out the fires; and spread fertilizer so as to facilitate the growth of new vegetation.

The third leg of the author’s piloting career involved getting a job at a commercial airline. The GI Bill paid for her training in a 737 jet. Compensation and benefits for women in the military and pilots’ union are equivalent to the mens’, but in some quarters, women are still treated as second-class citizens by men who don’t like “girls” to invade their fraternity.

Infuriatingly for American women, Congress is still one such place where there are a bunch of powerful men, so even if a female were to be elected president, those men would automatically smear her, and vote against everything she did.

As is well known, presidents have had to make serious compromises in civil-rights legislation in order to further their own mandates. Attitudes are very, very difficult to change, as almost every facet of American life began with a bunch of white alpha males:

  • the Founding Fathers;
  • Wall Street;
  • the military and law enforcement;
  • professional sports;
  • science and technology;
  • business and industry;
  • most of the licensed professions, etc.,

except for areas involving family, household chores and jobs in the arts and entertainment.

So it should not have been surprising that the author encountered yet more gender discrimination with her new employer– in the late 1990’s. Read the book to learn much, much more about Shults’ ordeals and triumphs that show that America is making slow, slow progress in workplace gender equality. Unfortunately, not fast enough for politics. Not yet.

As is well known, in the 1960’s, there were impatient civil-rights activists who believed that resorting to violence would facilitate the enactment of equality-legislation. After the American Civil War to date, white males have threatened and resorted to violence in order to hinder the enactment of equality-legislation.

Not to worry. There is still plenty of time for progressive historical events this election season. Currently, it’s like the start of the fourth quarter of football games, but fans, like voters, need only check the last five minutes of the games to see the winners. Turning off the idiot box for the next month will prevent a lot of emotional trouble. There’s no need to despair, as there might just be a quarterback such as Tom Brady who will step in late in the game. Thank goodness for the last minute. If it weren’t for the last minute, nothing would ever get done.

The Trading Game

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The Book of the Week is “The Trading Game, A Confession” by Gary Stevenson, published in 2024. This blogger highly encourages the reader to peruse the entire “Wall Street” and Economics categories of this blog in order to gain a better understanding of financial matters and economics.

In March 2007, the 1987-born author began working on the Fixed Income Trading Floor at the Short Term Interest Rates Trading Desk in the Foreign Exchange section of Citibank in its London branch. He had grown up in a tough, poor neighborhood in East London. He beat the odds for someone of his demographic group, considering the fierce competition in both getting accepted to a prestigious university and getting a job in currency trading.

Stevenson nurtured an aspiration to make lots of money. Fortunately, his talent and hard work in mathematics allowed him to score high on standardized exams. He attended the London School of Economics where he rubbed shoulders with mostly male, wealthy elitists whose fathers gave them a leg up in life, and whose futures were almost guaranteed to be bright. At school, when he won a game involving hypothetical securities trading, Stevenson’s life turned around. For, he won an internship which turned into a career.

After a few lucky breaks and bold moves on his part, the author was just hitting his stride in work-experience when he happened to be at the right place at the right time to earn extremely large financial gains from a triple-whammy disaster. In March of 2011, about twenty thousand people died in Japan due to an earthquake, tsunami and nuclear meltdown of three power plants. Amidst the resulting financial turmoil and previous turmoil of the 2008 worldwide financial crises, Stevenson made a percentage of the millions upon millions of dollars he earned in currency trading for Citibank.

Stevenson alone in his department had been correct in gaming the situation. Everyone else had been wrong and they lost money. Nevertheless, he was still emotionally troubled. He bore two major similarities with Alan Turing– another genius: social dysfunctionality, and indifference to how he looked and what he wore.

Stevenson was one of the proverbial three kinds of people (geniuses in the minority)– the kind who knew what was happening and made things happen. The vast majority account for the other two kinds of people– brainwashed, unwashed masses who watched what was happening, and then still wondered what happened.

In the early 2010’s, the author came to the realization that there would NEVER be economic recovery of any financially-struggling countries in the European Union while the Swiss National Bank kept interest rates at or below zero. The other traders in his department optimistically kept repeating that interest rates HAD to rise sooner or later, because they had bet wrong.

But, the tiny percentage of the super-wealthy, super-powerful people of the world sought to maintain the then-status quo, because it made THEM even richer, and the poor, poorer, as the cliche goes. The income inequality of the world would eventually result in a slave-based economy (as existed in ancient times) all over again.

Read the book to learn much more of Stevenson’s personal and professional life, and his times. As is well known, the United States is one of the major economic superpowers of the world, and its politics are part and parcel of that. Here’s a little ditty on its momentary political situation.

LET THE BEST TEAM WIN

sung to the tune of “Let the River Run” with apologies to Carly Simon, BMG Gold Songs C’est Music and Tcf Music Pub Inc.

[Spoken: We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.]

Let the best team win.
Let’s all peaceFULly watch the changes.
Come the new, new Washington.

Brilliant ideas rise.
The media lies, about, and smears them.
And celebs get themselves in your face.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Through the hate and all.
It’s who we are:
Place a trail of desire
on the White House lawn.

It’s asking for the taking.
Just hold on now.
Democratic convention will be a show
you’ve never even seen in political history.

Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Let the best team win.
Let’s all peaceFULly watch the changes [watch the changes]
Come the new, new Washington.

Cable News Confidential

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Foreword

Hannah Arendt, in an essay on Socrates, wrote that a statesman of high caliber listens— meaning, attempts to understand another speaker’s views. Charles Lindbergh and Joseph P. Kennedy obviously failed to listen to signals from their own countrymen; for, they hitched their star to Hitler. They figured if he won the war, they’d reap the spoils. Strangely, in 1968, even Arthur Schlesinger, Jr. was fooled by the “new Nixon” who was actually the same old vicious, wily, power-hungry criminal. It pays to listen to the other side to see historical behavioral patterns that aren’t going to change.

Post

The Book of the Week is “Cable News Confidential, My Misadventures in Corporate Media” by Jeff Cohen published in 2006. The author was born in the 1950’s in the Detroit area. He detailed the now-expected, and standard: hypocrisy, shenanigans, unfairness and imbalance he encountered while appearing as a political commentator at three different cable channels into 2004.

Beginning in 1997, the author appeared as a Left-wing panelist on the TV show, Fox News Watch. Also present were a Right-winger and a Centrist. On Fox, Cohen was allowed to bite the hand that fed him– criticizing the media for its biases, profiteering, smears and lies, etc. during his five-minute appearances on political shows. He believed that the commentary was actually politically balanced for about a year. Thereafter, Right-wingers became the majority.

In the summer of 1999, George W. Bush’s cousin John Ellis wrote in a Boston Globe column that his covering the 2000 presidential-voting results on election night in November would be a conflict of interest. Nevertheless, Ellis was doing exactly that, on Fox News, wrongly announcing, at 2:16am Wednesday, the day after election day, that Bush was the winner in Florida and therefore, Bush had won the presidency. Unsurprisingly, Cohen personally witnessed Ellis’ kind of unethical behavior over and over again.

From January to August 1998, MSNBC covered Bill Clinton’s sex life with Monica Lewinsky. Too bad, Lewinsky missed a valuable opportunity to become a political activist. Instead of allowing the media to shame her, she could have engaged in a public relations coup with the right messaging.

Anyway, in May 2001, Chandra Levy– a female intern– went missing, at which time the major cable “news” stations put her boss Democrat Congressman Gary Condit under the microscope nonstop until September 10, 2001. Other “news” stories the idiot box could have covered instead included:

  • On September 9, 2001, secretary of defense Donald Rumsfeld was demanding billions of dollars to fund the creation of weaponry to defend against America’s enemies’ ballistic missiles. But, contrarily, he was saying that the president was opposing the U.S. Senate’s proposal that would shift the funding of said weaponry to fund counter-terror measures.
  • On September 10, 2001, U.S. intelligence agents heard al-Qaeda members utter the phrases, “the match begins now” and “tomorrow is zero hour.” But, contrarily, head of the Justice Department, John Ashcroft opposed the FBI’s request to add tens of millions of dollars to its budget to hire additional personnel to counter terror threats.

Cohen was constantly backing up his arguments with facts, such as when Chris Matthews basically denied that the United States did not send its military into other countries willy-nilly– that Iraq in 2003 was an exception. Cohen countered with occasions after 1945 during which America was an aggressor, that included 21 different territories into the single-digit 2000’s.

Read the book to learn much more about the author’s dismay with his employers’ practices that included much, much more Right-wing commentary than Left, and lack of fact-checking.

Endnote

By agreeing to debate and softening his rhetoric, Donald Trump is showing he has reached the bargaining stage of grief, in the death of his political career. DO NOT BE FOOLED BY HIS “NEW NIXON” ACT.

The Longest Race

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The Book of the Week is “The Longest Race, Inside the Secret World of Abuse, Doping, and Deception on Nike’s Elite Running Team” by Kara Goucher with Mary Pilon, published in 2023.

Born in 1978, the author grew up in New Jersey and the Duluth, Minnesota area. Goucher became a professional runner. Like many of her fellow athletes, the author– who experienced an early childhood trauma– found at a young age that competing in footraces is cathartic.

Goucher focused on her training and reaching the finish-line first, rather than getting all worked up about the numerous stressful situations she endured in everyday living. However, she rationalized away some of the wrongs committed against her, because speaking out against them would ruin her career, her marriage, her friendships, etc.

In the United States, the way runners go professional is to convince a corporate, non-governmental sponsor to pay them to race. Goucher and her husband both signed contracts with Nike, the monster-sized corporation best known for making athletic shoes. The company provided her and her fellow runners in her working group with the best, cutting-edge scientifically and technologically advanced resources for winning races.

However, the Gouchers’ status with Nike was as independent contractors, so they had less legal recourse than that of employees with regard to any illegal goings-on in their field of work. Their coach and immediate boss was the celebrity runner Alberto Salazar. In the single-digit 2000’s, he led the “Oregon Project” which was an attempt to help Americans win races again around the world; their victories had been woefully plummeting for years.

Salazar did boost Kara’s confidence and helped her perform better than she thought she could. But, his behavior and many of his training practices were inappropriate and illegal. He and his colleagues (an alleged psychotherapist and medical doctor) wielded a lot of power over the Gouchers, who owed their careers to their sponsor. Salazar’s underlings hewed to his training methods through fear and force. “He [Salazar] got testy when called out for having a third drink. I could only guess how he would react to being called out about sexual harassment.”

As a female, Kara had to deal with Nike’s double standard of suspending her pay when she ran an insufficient number of races in a specified time period pursuant to her contract. Male runners were punished this way when they got caught in doping scandals or had injuries. She was subject to those same conditions, but she couldn’t race because she was pregnant. In connection with exploring her career options, Kara wrote, “… I found myself again and again in rooms of male executives explaining women’s running to me. There seemed to be more interest in how I would look on a poster than in how the sport could evolve.”

Fighting “City Hall” in so many different areas of life is difficult. Anyone who attempted to do so in professional running in the single-digit 2000’s would have to deal with Nike. It held a near-monopoly with overwhelming power and influence over regulators. Whistleblowers would suffer doxing and death threats.

BUT, it is an age-old truism that when more and more courageous people come forward with firsthand information about wrongdoing by an institution or a particularly powerful individual– the less the harm that will be done in the future because the collective mood of the community will shift against the wrongdoer. Eventually.

Read the book to learn lots of additional details of the Gouchers’ experiences in their professional running careers– their trials, tribulations and triumphs.

Behind the Candelabra

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The Book of the Week is “Behind the Candelabra, My Life With Liberace” by Scott Thorson with Alex Thorleifson, published in 1988.

Born in Milwaukee, Wisconsin in May 1919, the pianist who became known as Liberace (he used his family’s last name as his stage name) had three younger siblings. The father abandoned the family when he was an adolescent. However, Liberace was his mother’s favorite. Upon seeing that he had piano-playing talent, she had him practicing all the time, instead of socializing with his peers. She also practiced spousification. He began to get paid for his musicianship at fourteen, playing with a band in saloons.

Piano concerts were only the setting for Liberace’s performances. His witty verbal jousts, audience participation, makeup, ten or more changes of glittery costumes, jewelry galore, and flamboyant props and sets– were par for the course.

According to the book (which appeared to be credible although it lacked an extensive list of detailed sources, and an index), Liberace was very emotionally needy. Once he became rich and developed Peter Pan syndrome, he felt the need to flaunt his high-on-the-hog lifestyle. As an adult, he became a father figure to a series of young males one at a time (but also had an army of servants), sharing his wealth and material possessions with them. However, he was the controller of the relationships, and would break up with them when they expressed too much desire for independence.

At the dawn of his twenties, Scott Thorson met Liberace and became his personal assistant in the summer of 1977. Thorson had suffered through a difficult childhood in a series of foster homes. He soon became Liberace’s surrogate son, and learned of the pianist’s excesses. He enjoyed his new role at first, as his interests meshed with his boss’s. They cared for pet dogs and horses, shopped for and wore elaborate clothing, ate sumptuous meals, met other celebrities, and traveled in style to go on tour.

Their first Christmas together, Thorson was tasked with purchasing holiday merchandise. He wrote, “That year, we had eighteen huge Christmas trees [in Liberace’s mansions in Las Vegas and Palm Springs CA, at a cost of $25,000], more than 350 red and white poinsettias, table decorations, greenery, wreaths– enough candles, lights, and tinsel to stock a department store.”

Read the book to learn of Thorson’s fate: when Liberace asked him to make a serious physical sacrifice; and how Thorson handled the responsibilities and stresses of living with a celebrity such as Liberace– with its many kinds of orgies, including those of litigation in the end.