Friday, May 3, 2013

And I let these crooks keep my money?

From:

JPMorgan Caught in Swirl of Regulatory Woes



"Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath.

The findings appear in a confidential government document, reviewed by The New York Times, that was sent to the bank in March, warning of a potential crackdown by the regulator of the nation’s energy markets.

The possible action comes amid showdowns with other agencies. One of the bank’s chief regulators, the Office of the Comptroller of the Currency, is weighing new enforcement actions against JPMorgan over the way the bank collected credit card debt and its possible failure to alert authorities to suspicions about Bernard L. Madoff, according to people who were not authorized to discuss the cases publicly."

Check out the entire article

A sign that they're not taking care of their own.

From:

Suicide Rates Rise Sharply in U.S.



"Suicide rates among middle-aged Americans have risen sharply in the past decade, prompting concern that a generation of baby boomers who have faced years of economic worry and easy access to prescription painkillers may be particularly vulnerable to self-inflicted harm.

More people now die of suicide than in car accidents, according to the Centers for Disease Control and Prevention, which published the findings in Friday’s issue of its Morbidity and Mortality Weekly Report. In 2010 there were 33,687 deaths from motor vehicle crashes and 38,364 suicides.

Suicide has typically been viewed as a problem of teenagers and the elderly, and the surge in suicide rates among middle-aged Americans is surprising.

From 1999 to 2010, the suicide rate among Americans ages 35 to 64 rose by nearly 30 percent, to 17.6 deaths per 100,000 people, up from 13.7. Although suicide rates are growing among both middle-aged men and women, far more men take their own lives. The suicide rate for middle-aged men was 27.3 deaths per 100,000, while for women it was 8.1 deaths per 100,000.

The most pronounced increases were seen among men in their 50s, a group in which suicide rates jumped by nearly 50 percent, to about 30 per 100,000. For women, the largest increase was seen in those ages 60 to 64, among whom rates increased by nearly 60 percent, to 7.0 per 100,000...

The rise in suicides may also stem from the economic downturn over the past decade. Historically, suicide rates rise during times of financial stress and economic setbacks. “The increase does coincide with a decrease in financial standing for a lot of families over the same time period,” Dr. Arias said...

Dr. Arias noted that the higher suicide rates might be due to a series of life and financial circumstances that are unique to the baby boomer generation. Men and women in that age group are often coping with the stress of caring for aging parents while still providing financial and emotional support to adult children...

Preliminary research at Rutgers suggests that the risk for suicide is unlikely to abate for future generations. Changes in marriage, social isolation and family roles mean many of the pressures faced by baby boomers will continue in the next generation, Dr. Phillips said.
“The boomers had great expectations for what their life might look like, but I think perhaps it hasn’t panned out that way,” she said. “All these conditions the boomers are facing, future cohorts are going to be facing many of these conditions as well.”"

Check out the entire article.

"...of the opinion that there is no direct correlation between an artist's shyness and the quality of his or her work."

From The Dramatist-Jan/Feb 2012:

from the desk of Roland Tec/Department of Membership

on shyness

"One of my many obsessions is shyness. I suffer from it terribly, though you wouldn't necessarily know it if you've attended any event where I'm the moderator. With a specific job to do, I am somewhat able to let the task and all the focus it demands eclipse my own fears and awkwardness. But plunk me down into a cocktail party with no agenda other than to "mix and mingle" and I suddenly turn into the eight-year-old boy who ate lunch by himself every day of summer camp for fear of being rejected. At most social gatherings, I hover by the food or the exit or both and I calculate how long I have to endure this torture before my departure can be made without raising eyebrows.

If you doubt me on this, just ask Marsha Norman how long I'd been working at the Guild before I got up the nerve to even say "hello" to her, much less engage her in conversation.

As Director of Membership at the Guild, my own shyness has influenced the ways I've approached most of the programming initiatives I've undertaken. For example, I choose to conduct all of our various Exchanges a bit like an extended talk show, beginning with mini interviews of every person in the room before the entire group rather than simply relying on everyone to adequately introduce themselves. I do this quite consciously with the shy folks in mind.

Why go to all this trouble, you ask? Well, call me crazy, but I am of the opinion that there is no direct correlation between an artist's shyness and the quality of his or her work.

In my own work outside the Guild, as a film director, I have occasionally caught myself hiring the more quiet, reserved candidate for a position, the one whose interview may have been less fun, a bit more labored. I have noticed myself doing this on more than one occasion. Depending on the job I was filling, there may have been other more important qualities than charming one's way through a 25-min. cappuccino. Maybe I was seeking an eye and a sensitivity to the detail of character in a cinematographer or an intuitive feel for the nuances of narrative in an editor. Of course some jobs require natural people skills. Directing comes to mind. And producing. But writing? I don't think so.

Time and again, however, I am reminded of just how much depends on our not being shy in this business. There simply are too many people writing scripts of all varieties. So much so that without a little push, a little moxie, chances are pretty good that even the most glorious writing talent will go unnoticed.

So what's a shy person to do?

On a recent trip to Cleveland, after a half day of workshops, a young man rather sheepishly approached me to ask if I had any theatre plans for the evening. His name was Tom. The woman he was with, Liz, scolded him for being pushy. But I was curious to hear more despite the fact that my own fatigue was nudging me ever closer to a night in front of the hotel DVR.

"Well, there's this evening of monologues being done in another part of town and the writers and actors are all really pretty good."

I smiled. But my smile was hardly convincing.

Liz handed me her card and offered-quite generously, I thought-to pick me up at thehotel and give me a lift to and from the show if I decided I'd like to go.

"I have a hunch you might like it," she added.

"Do you both have work in the show," I asked, 90% certain of the answer.

"No, we don't. But a couple of the writers are friends."

In retrospect I have to admit that's probably what made the difference for me and I'm ashamed to admit that. These two were not simply pushing their own show onto me, and as such, instead of begging a favor, they were inviting me to an opportunity.

Odd psychology, eh? When something is being offered to us by the author, we are naturally more suspect. Doesn't seem fair, really. Does it?

But I digress. To my delight and surprise, the work was compelling and for the most part pretty sharply performed. I laughed my ass off, as did the other 40-odd folks gathered in the unmarked storefront gallery in a part of town I could not name.

So, unless and until we all make friends with the likes of generous souls Tom and Liz, what are we to do? How can we hope to sell ourselves to the world without coming across as pushy, self-promoting or just plain obnoxious?

My friend, the actress Judith Barcroft, is fond of saying that to be shy is essentially to be selfish because as such, the "shy" person is only really thinking of him or herself. Put another way, "If somebody doesn't make the first move, nobody would ever dance. We'd have a world full of wallflowers."

I'm quite taken with this view of things but I must admit I still have a long wy to go before I actually believe, with all my heart, that when I enter a crowded room it really is filled with people eager and hungry for whatever I may have to offer.

I don't know if I'll ever fully feel that. But I'm certainly willing to try.

Shall we dance?"



Something Sam Shepard said in relation to BURIED CHILD

From American Theatre/April 2013/Between The Lines:

September 1996
BURIED CHILD by Sam Shepard
Interviewed by Stephanie Coen

"The problem of identity has always interested me. Who in fact are we? Nobody will say we don't know who we are, because that seems like an adolescent question-we've passed beyond existentialism, let's talk about really important things, like the fucking budget! Give me a break! There are things at stage here-things of the soul and of the heart-and we talk about the budget!" -Sam Shepard

Wednesday, May 1, 2013

Richard Foreman is still going with Old-Fashioned Prostitutes (A True Romance)

Saw Old-Fashioned Prostitutes (A True Romance) by Richard Foreman at The Public Theater last night, and loved it!

 
 


Here's an interesting Times article about Foreman:


Check out what Richard Foreman does on Sundays.

Sunday, April 28, 2013

"Loans Borrowed Against Pensions Squeeze Retirees"

From:

A Vulnerable Age

Loans Borrowed Against Pensions Squeeze Retirees

"To retirees, the offers can sound like the answer to every money worry: convert tomorrow’s pension checks into today’s hard cash.

But these offers, known as pension advances, are having devastating financial consequences for a growing number of older Americans, threatening their retirement savings and plunging them further into debt. The advances, federal and state authorities say, are not advances at all, but carefully disguised loans that require borrowers to sign over all or part of their monthly pension checks. They carry interest rates that are often many times higher than those on credit cards."

Check out the entire article. 

"The Middle Class is in a funk, its view of the future growing dim as fear rolls in like a storm."

From:

Op-Ed Columnist

The Morose Middle Class


"The Middle Class is in a funk, its view of the future growing dim as fear rolls in like a storm.

An Allstate/National Journal Heartland Monitor poll released Thursday found that while most Americans (56 percent) hold out hope that they‘ll be in a higher class at some point, even more Americans (59 percent) are worried about falling out of their current class over the next few years. In fact, more than eight in 10 Americans believe that more people have fallen out of the middle class than moved into it in the past few years.

The poll paints a picture of a group that is scared to death about its station in life."