Butterfly in the Rain

The Book of the Week is “Butterfly in the Rain, The 1927 Abduction and Murder of Marion Parker” by James L. Neibaur, published in 2016. This short ebook recounts a gruesome crime and the aftermath, that occurred in late 1927 in Los Angeles, California.

The fame of this sensational case was comparable to that of O.J. Simpson’s. However, the newspaper, rather than television, was the medium through which the nation was riveted by the unfolding story. The case involved a child and plenty of controversy. Read the book to learn the details.

Digital Gold

The Book of the Week is “Digital Gold– Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money” by Nathaniel Popper, published in 2015.

This ebook is about Bitcoin, a bookkeeping system used on various websites that distributes, records and stores the value of units called Bitcoins.

The system was created in 2009 by a computer geek who called himself Satoshi Nakamoto. His vision was to create a worldwide means-of-exchange to be used online that would be:

  • a decentralized network of users so that no one central authority has the majority of power over the system– unlike the current situations in the world; in other words, place power in the hands of the users, rather than the economic royalists. (Nevertheless, the irony is that Bitcoin has largely stayed in the realm of the wealthy computer geeks- so there has basically been redistribution of wealth among the wealthy);
  • created and maintained by users of the system on a consensus basis rather than by the powers-that-be, whose political campaigns are funded by financial institutions, and who stay in power by doing their will;
  • anonymous (like cash– no third parties acquire the information of buyers and sellers);
  • secure (no one point of failure would mean vulnerability for the whole system, plus have protections against identity theft, malware, counterfeiting etc.); and
  • offered at a lesser cost than the current system (avoiding financial institutions with their fees).

However, no utopian vision is perfect. Various tech-startups around the world have been created to store and exchange Bitcoins. That is all well and good. In the last seven years or so, a “remarkably engaged online community” has sprung up to discuss the ideology and all the different issues attendant to the new system. Even the major American financial institutions, fearing competition, have begun to rethink the security of their online dealings, and so have assembled task forces to research how to harness Bitcoin’s loss-prevention technology.

Bitcoins are acquired by computer users who log on to a specific site on the Internet. The users get the virtual “coins” for free, but might have to pay to store them elsewhere to keep them secure.

Bitcoins are more like a security than a means of exchange like cash because:

  • The system distributing Bitcoins is like a combination slot machine and a financial market where instruments are bought and sold, and the value of Bitcoins fluctuates.
  • There’s an inherent unfairness in the system in that– technologically astute users of the system have banded together to create devices that mine Bitcoins at a significantly faster rate than individual users.
  • People can acquire a national currency such as the American dollar in many more ways than they can Bitcoins, most of them honestly– earning, borrowing, begging or stealing.

Anyway, the purpose of Bitcoins as a means of exchange has yet to catch on among mainstream consumers of industrialized countries. There is no sufficiently compelling reason for consumers to start to buy things online with Bitcoins rather than credit cards. “Why should they trust a digital code that had nothing backing it but the computers of some libertarian nerds?”

Argentina is one country where Bitcoins have been useful. The super-speedy inflation of the peso there has meant people must spend their Argentinian money the minute they acquire it or risk the inability to buy anything because they wouldn’t be able to afford it– even food. In China, Bitcoin is popular because the government regulates the yuan exchange rate in order to stem “capital flight” and sell more of its own goods to the world.

As with all human-created systems that rely on the honor system, ALL users must act ethically. One American Bitcoin-processor in particular created a drug-distribution entity called Silk Road that was deemed illegal according to U.S. law.

Another bad actor hacked into a company called Mt. Gox in Japan. All users of that service suffered. “Bitcoin users eventually went to government authorities that Bitcoin had been designed, at least partly, to obviate.”

Besides, the Treasury Department’s Financial Crimes Enforcement Network has been examining the legal aspects of Bitcoin as a virtual currency. Homeland Security is concerned about the fact that Bitcoins could be anonymously sent to terrorist cells overseas.

Read the book to learn much more about the good and bad consequences of the creation of Bitcoin.

High

The Book of the Week is “High” by Brian O’Dea, published in 2006. This book describes the adventures of an international drug-smuggling participant and addict between the 1970’s and the very early 1990’s.

O’Dea was the son of a brewery owner in Newfoundland, Canada. In the mid-1970’s, he and his smuggling partners secreted cocaine “… in false-bottomed suitcases at the factory in Bogota (Colombia) and muled to Kingston (Jamaica) via Lufthansa…” and unloaded the drug at Montego Bay. Other partners “… would be getting strapped up with the product on their thighs and stomachs and backs. Each person would carry between two and four kilos, worth between $100,000 and $200,000.”

Read the book to learn of the author’s Jamaica trials and tribulations with airplane mishaps, romantic subplots, prison and addiction experiences, his role in an elaborate three-continent marijuana distribution concern, and what finally became of him.

The Rabbi and the Hitman

The Book of the Week is “The Rabbi and the Hitman” by Arthur J. Magida, published in 2003. This is the true story of a murder that occurred in Cherry Hill (southern) New Jersey in autumn 1994.

What made the case tabloid fodder is that the crime scene’s neighborhood is a posh suburb, the chief suspect was a prominent rabbi in the community, and the victim was his wife– who had standing in her own right as a small business owner.

The Reformed rabbi, Fred Neulander, co-founded the large temple where he conducted services and taught classes. It is typical for rabbis to experience burnout about twenty years into their careers, and the suspect was no exception. However, Neulander’s hubris syndrome led him to behave in ways that made him the world’s biggest hypocrite. Read the book to learn what transpired when his double life was revealed, and whether the mystery of his wife’s murder was solved.

Skyway

The Book of the Week is “Skyway” by Bill DeYoung, published in 2013. This volume describes the Sunshine Skyway disaster that occurred in May 1980. The Skyway (whose name has since been changed) is a bridge across Tampa Bay that links Pinellas and Manatee counties in Florida.

A large boat was buffeted about by unexpected stormy weather on the fateful day, and the boat’s pilot was unable to negotiate a safe passage to a shipping lane under the bridge.

Read the book to learn exactly what happened, and whose lives were changed forever by the tragedy.

Simon Says

The Book of the Week is “Simon Says” by Kathryn Eastburn, published in 2007. This is the true story of a triple murder that occurred in the small town of Guffey in Colorado in early 2001.

The mastermind behind the criminal act was a teenager, Simon Sue, who convinced others that he was part of an anti-governmental group in Guyana. He and his father collected guns for their investment value. They had a humongous collection. The younger Sue believed that theft of firearms from other households in the neighborhood was acceptable if their owners were racist or dealt illegal drugs.

Sue ran a terrorist training camp of sorts for three other high schoolers he had befriended. Read the book to learn the details of the heinous atrocities committed by them, how they got caught, and their fates.