Friday, November 17, 2017

Piketty: Harvest And Holy Grail of Riches


After alerting the Western world to the alarming rise of inequality, ThomasPiketty has turned his attention to Russia. To someone who has lived ...

Eric A. Kades (William & Mary), Of Piketty and Perpetuities:

For the first time since independence, in a nation founded in large part on the rejection of a fixed nobility determined by birth and perpetuated by inheritance, America is paving the way for the creation of dynastic family wealth. Abolition or evisceration of the Rule Against Perpetuities in over half the states along with the likely repeal of the federal estate tax mean that there soon will be no obstacles to creating large pools of wealth that will insure lavish incomes to lucky heirs for generations without end.

The timing of these legal changes could hardly be worse. Marshaling innovative economic data extending back centuries, Thomas Picketty convincingly argues that the relatively egalitarian incomes enjoyed in developed economies from the end of World War II until around 1980 were an aberration and that we are in the process of returning to the historical norm of much greater income and wealth inequality. The driving force is the return to a world in which the rate of return to capital (r) exceeds the growth rate of national income (g) — another historical norm temporarily abrogated during the 20th century. The wealthy hold an extremely high fraction of national wealth, and when returns to that wealth exceed the growth rate of national income, their relative economic power (and all that goes with that) increases proportionally.

Table 1

The Richest Media Dragons Duel Over Salvator Mundi - Christ Saviour of The World

Simplicity is the ultimate sophistication.

When once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return.

Salvator Mundi (Leonardo) - Wikipedia

It was an eye-watering amount that not even the experts had predicted. As the hammer fell at Christie’s New York on Wednesday night, it marked the first time that $400m (£304m) was paid for a single painting at auction.

How did Leonardo da Vinci’s Salvator Mundi, a masterpiece rediscovered less than a decade ago, sell for more than triple the amount most dealers and experts had predicted?

Thomas Campbell, former director of the Metropolitan Musuem of Art, told the Guardian that while the price was “eye-popping, it should come as no surprise in a market where speculation, marketing and branding have displaced connoisseurship as the metrics of value”.

Perusing MEdia Dragon never exhausts the mind...

A MEdia Dragon takes a photo of Salvator Mundi by Leonardo da Vinci at Christie’s New York auction house before the sale. Photograph: Drew Angerer/Getty Images

After 19 minutes of dueling, with four bidders on the telephone and one in the room, Leonardo da Vinci's “Salvator Mundi” sold on Wednesday night for $450.3 million ...

Leonardo da Vinci's Salvator Mundi: the extraordinary journey from artist's studio to the auction house - The Telegraph

Thursday, November 16, 2017


If you learn to laugh at yourself
You will never run out of material ...  To boot, especially if you share the material with Da Vinci's World 🙏🏼

As in order to be unique and irreplacable one must always be different.

The wisest people
We know
Are those
Who have known defeat
Known suffering
Known struggle
Known loss

and have found their way
out of the depths

Wise and Beautiful people do not just happen ...

Wisdom quote

What is the difference Between “I like you” and “I love you”?
When you LIKE a flower, you just pluck it.
But when you LOVE a flower,  you water daily.
One who understands this, understands life…

Wednesday, November 15, 2017

Antipodean versus Hot Blooded Latinos

AUSTRALIA’S World Cup fate will be decided tonight as the Socceroos host Honduras in the second leg of their home-and-away qualifying matches in Sydney.
Ange Postecoglou’s men returned from Central America with the advantage of an away 0-0 draw and need only to win on home soil to book their ticket to Russia 2018. Croatian Catholic Michael "Mile"  John aka Jan Jednak pronounced as Jana Wendt Yednak
With Foot and Ball to Russia: Socceroos Final Dream

Jedinak hat-trick sends Australia to World Cup soccer

Australia beat Honduras 3-1 to qualify for World Cup soccer

Mile Jedinak
Australian footballer

Michael John "Mile" Jedinak is an Australian professional footballer who plays as a defensive midfielder for Aston Villa and the Australia national team, of which he is the captain. Wikipedia
Media Dragon Height1.88 m
SpouseNatalie Peacock (m. 2010)
SYDNEY (Reuters) - Australia beat Honduras 3-1 in the second leg of their intercontinental playoff on Wednesday

Italy's Soccer Apocalypse Mario to wear Yellow Jersey

Book of Dust: “How to Effectively Ensure Power is Not Abused?”

D.C. Circuit Review – Reviewed: “How to Effectively Ensure Power is Not Abused?”

Tuesday, November 14, 2017

Bob Dylan milks Nobel lecture for cash

       Bob Dylan milks Nobel lecture for cash 

       Every Nobel laureate gives the copyright to their Nobel lecture to the Nobel Foundation, and they in turn allow any newspaper to publish it in full, as well as overseeing other publications of it; see, for example, the copyright-notice for Svetlana Alexievich's 2015 Nobel lecture. I've never heard of any laureate keeping the copyright -- J.M.Coetzee was apparently reluctant to give up his, but even he ultimately went along with it --, but in their kowtowing desperation and complete mismanagement of the awarding of the 2016 prize -- infamously and ridiculously awarded to Bob Dylan -- the Swedish Academy somehow, incredibly, didn't manage to secure the copyright to his lecture for the foundation (as Inoted at the time); see the very different copyright notice for his Nobel lecture. 
       Nobel lectures do get published in book form, individually and in collections. So, for example, there's J.M.Coetzee's, which Penguin published -- get your copy at --, and there's the Melbourne University Press 1986-2006 collection, published in a US edition by The New Press -- get your copy at But in all cases, it's the Nobel Fundation that holds the copyright -- and hence control (and, presumably, most of the cash). 
       Dylan, on the other hand, has gone totally solo -- and now stands to cash in, big time, all by himself. As John Williams now reports in The New York Times -- disappointingly, without mentioning the copyright-issue --, in Bob Dylan's Nobel Lecture Signed, Sealed and Delivered:
Simon & Schuster today released a special edition of Mr. Dylan’s Nobel lecture, which runs to 23 pages. One hundred individually signed and numbered hardcover copies in slipcases are available for $2,500 each. (Next-day shipping is included.)
       Yes, that works out to more than US$100 per page. (But then it's not about the pages, is it ?) 
       There's even a special site where you can order this 'deluxe' version -- 
       The Nobel Prize in Literature is to be awarded to someone producing 'the most outstanding work in an ideal direction'; whatever Alfred Nobel might have meant with those words (and there's been lots of debate and confusion about that), one wonders whether anyone considers or hopes this is the 'ideal direction' he imagined ..... (Hey, who knows ? Maybe Dylan has the profits earmarked for his favorite charity, right ? Maybe he thinks he can do good better with it than the Nobel Foundation would .....) 
       The Swedish Academy has, in an almost admirable way, stood by their ridiculous choice, but I'm sure even they had hoped the embarrassments were over -- but, no, Dylan is the Nobel-disaster that keeps giving. They must be really proud and pleased to see: '' (!) and him flogging US$2,500-copies ("plus applicable taxes") of his lecture. 
       For those who are unwilling to spend quite so much, or who don't care about their texts being signed and numbered, Simon & Schuster also offers an edition that looks to be identical, except it doesn't include the protective slipcase or the Dylan-signature, that can be yours for US$16.99 (or less -- that's the list price -- at -- where it is, as I write this, the: "#1 Best Seller in Literary Speeches"). 
       [Updated: I have to admit I'm kind of surprised they didn't add a bit more to the 'deluxe' version -- if they can provide a slipcase, surely they could also have included a CD of the audio. But it's not about the lecture, is it ? They're not selling a book or a text, they're selling an object, it's ostensible value found entirely in the fact that Dylan-touched-and-left-his-mark-on-it.] 
       I remind you also that you can always read (and/or listen to !) it for free (and print it out/download it for your own use) at the Nobel site itself -- here. 

       By and large, I'm all for artists (and translators !) keeping the copyright to their work, but in the Nobel lecture-case there's something to be said for institutional control, allowing them to publish nice series of all the lectures, etc. etc. The Dylan-exception complicates things. 
       On the other hand ... there's something to be said to being able to exclude him from the Nobel canon, as he conveniently sets and holds himself apart ... hmmm, maybe this will work out well after all ..... 

       I almost admire Dylan's completely shameless cashing-in -- why be satisfied with the almost one million dollar Nobel payday when you can make another quarter million off of a limited edition of a lecture everybody else gives up for free ? The Swedish Academy wanted to honor the rebellious songwriter -- they presumably just didn't realize that his rebelliousness against institutions, like them and the Nobel Foundation, was so true-blue, all-American -- i.e. it's all just about the money. 
       Part of me hopes Kazuo Ishiguro goes against type and tries to top Dylan's prima donna act when he goes to pick up his Nobel next month -- but, no, he seems to be too nice and decent a guy, and I'm afraid he'll play along and do everything that's expected of him. But maybe we haven't heard the last from Dylan -- he could still ... melt down his Nobel medal ? auction off his Nobel diploma ? Stay tuned ! 

Monday, November 13, 2017

How to escape the crowds in Byron Bay

Vicki Brooke: “Gretel Farm is hosting a collaboration with Muses Trio – violin, cello and piano – a group of musicians .


Gretel Farm at Eureka specializes in bringing unique events to the Byron Shire, and the beginning of their 2016 programme is no exception with a truly outstanding concert 

Says Vicki Brooke: “Gretel Farm is hosting a collaboration with Muses Trio – violin, cello and piano – a group of women of exceptional calibre and verve performing works by women to celebrate the week of International Women’s Day.  During the afternoon local artist, food writer and creative director of ArtPiece Gallery, Nadine Abensur, will be in discussion with the musicians and Nadine has curated an exciting pop up exhibition of celebrated local artists as part of the programme.”

How to escape the crowds in Byron Bay
The Australian Financial Review

Story image for byron bay from Northern StarByron Bay, my how you've changed
Northern Star