Archive for January, 2009

Tamerlane Phillips Presents: Hilt!

Thursday, January 29th, 2009

This week’s guest: Miss Emily Jerome

Emily Jerome is a New Yorker-born and raised. She hates it when people react to that fact like native New Yorkers are a mythical species of miniature wooly mammoth. She is intent on reminding those people who ask in shock “Really? You are a New Yorker? Born and raised? Never met one a those” that there is a large public and private school system in New York City which reveals that native New Yorkers do, in fact, exist in rather vast abundance. She likes hearing Frank Zappa say “Communism doesn’t work cause people like to own stuff,” reading the John Updike line, “America is a vast conspiracy to make you happy,” and the latest Gary Wagner uttered when watching a mediocre play performed by out of work actors, “I am embarrassed to be human right now.”

Emily is a twenty-four-year-old journalist slash “more to come individual” whose current interests include Communist Cuba, information technology and its impact on democracy and free speech, Kingston, Jamaica, propaganda, Dries Van Noten’s shell and cork, day-glo jacket, the sex appeal of Robbie Robertson, the fact that Salem Bin Laden hired Syd Meade to design the Al-Saud’s private jet, wearing minks at vegan restaurants, FARC defectors, free dinners at Mr. Chow’s, and the “Happy Birthday Jesus!” sign that is up year round on that big church on the George W. Bush turnpike in Dallas, Texas. Emily seems naturally avoidant of stereotypes- having brought multi-media stories on Cuban Punk Rock music to The Economist, and sometimes freaking friends out by rattling off Mandarin to a Chinese taxi driver.

Tam: So, what do you think of Obama’s election?

Emily: In a way, I’m almost thankful that this country endured the contemptible Bush administration. Ultimately, it seems to have reinvigorated politics in this country. People in America seem to respond well to an enemy. More importantly, and as many people say, I don’t think Obama could have won without the Internet. It’s the re-birth of Populism in the computer age. It’s really incredible and unprecedented. What is most inspiring is that Obama has revealed a basic goodness in people.

Tam: How do you see the phenomenon of Obama’s election relating to the work you did in Cuba this past summer? You were focusing specifically on the impact information technology has on censorship?

Emily: I remember reading some years ago about an incident in southern China in which a collection of townships wished to protest the Chinese government against building a toxic power plant near their homes. As public protests are problematic there, a viral protest spread via text messaging. Over a million text messages were sent in one day contesting the issue, and the power plant was never built. I was always fascinated by this story and became interested in how the miniaturization and globalization of information technologies has allowed for a new kind of transmission of information and free speech, especially in countries where censorship remains the status-quo. In Cuba, I met a famous punk rock musician named Gorki Aguila whose music is scathingly anti-Castro. He was incarcerated in 2002 for nearly four years on account of his beliefs, and he is almost always prevented from performing in public. Instead he uses his home as a concert venue and makeshift recording studio sound-proofed with eggshell cartons. His fame and music, however, has spread through the underground dissemination of digital files, mainly transferred on flash drives. This past summer, he was incarcerated once again on charges of “social dangerousness” as his new album focused on Castro’s aging inner-circle and clearly struck a nerve among the Cuban politburo. International news agencies, human rights forums on the Internet, and his local fan base virulently protested his arrest. Thank God, Aguila was released. If this had been the 1960’s ? In the era of Cuba in which it was illegal to chew gum, have long hair, and there was no such thing as flash drives? Well, Aguila would have most likely died in jail, his voice unheard. Maybe his eyes would’ve been gauged out and sent to his family in a box. Technology hopefully makes free speech a whole different ballgame.

Tam: Do you think there are any pluses to the current global financial crisis?

Emily: Um, well, it certainly is terrible in the vast majority of ways, but I do think the US was undergoing this sort of insidious golden age, late Roman Empire phase. Everything from golden parachutes, to crane-riddled skylines, to inflated and oversaturated contemporary art markets, even to the Paris Hilton phenomenon, something was out of whack. Like unsustainable derivative trades, it seems extreme decadence has no alternative but to correct itself eventually.

Tam: What is the best meal that you’ve ever had?

Emily: This chicken, tofu and vegetable stew that I had at the artist Ai Wei Wei’s restaurant in Beijing. I love northern Beijingnese food. It’s really out of control. I have never ever found it in the states. People in the US really have no idea what any Chinese food is besides Szechuan.

Tam: What is the grossest meal you have ever had abroad?

Emily: Probably sheep’s stomach at a Berber’s house in the Moroccan desert. Woof.

Tam: What bands/songwriters/musicians are you really into right now?

Emily: America, Pure Prairie League, J.D. Souther, Neil Young, Michael Murphy, Lindsay Buckingham and Mick Fleetwood.

Tam: Who is your favorite photographer right now?

Emily: Marc Riboud for his subject-matter, maybe Daido Moriyama for his style and technique. Gursky is always incredible. There are a lot of cool photographers though, and I’m always learning. I do think documentary photography is grossly undervalued in our society.

Tam: Who is one of your favorite actors?

Emily: Richard E. Grant.

Tam: Which journalists do you really respect?

Emily: For documentary? Christiane Amanpour. For print? Tom Friedman, Steve Coll, and Oriana Fallaci.

Tam: Who do you think is the chicest woman?

Emily: Oriana Fallci.

Tam: What is your ideal living situation?

Emily: To be with the best husband ever, a bunch of snuggly kids and dogs, in a spa-like house hanging over an ocean cliff.

The Pre-Recession Glamwire News Team

Thursday, January 29th, 2009

The incredibly gifted and elegant Zach Soreff, with Glamwire’s spiritual leader, Malan Bretton, and Barbara “Rispah” Lowe. Rispah incidentally is one of the best harp players in the world. I mean, that’s actually true. I mean, like, holy moly. Wouldn’t you know it? As we head into NY Fall 09, we hope to just work with Rispah this time around. Surprised, eh? She’s already inside the tents (we hope…she’s a blogger from Dallas and this may be some sort of pre recession pipe dream…we are getting to the bottom of this in the Glamwire Newsroom right now) she’s supertalented and beautiful, and that’s where we’re at for now. We’d be honored to work with Zach and Malan again, but Glamwire’s free espresso budget has left the building, n’ces pas? Fair warning.

Wall Street Chic

Thursday, January 29th, 2009

What to wear when doing an intense valuation of a medium sized closely held family run manufacturing business based in the midwest? It’s all about Cashmere this season…but Glamwire Financial Style Editor Josh Persky takes Cashmere to a new level with the following installment of Wall Street Chic!

THE HISTORY OF MARK TO MARKET ACCOUNTING…BY JOSH PERSKY

Prior to the development of mandatory accounting standards following the Great Depression, companies had significant latitude in selecting their own accounting practices and policies. There is evidence that the use of “current values” or “appraised values” for assets, and the recording of upward asset revaluations, were common in the early-twentieth century in the period prior to the Depression. During this period, balance sheets often included upward revaluations of long-term assets such as property, plant, equipment, and intangible assets.

For example, a survey of 208 large industrial firms between 1925 and 1934 revealed that 75% of the sample firms recorded upward or downward asset revaluations during this period, including 70 write-ups of property, plant, and equipment, seven write-ups of intangibles, and 43 write-ups of investments.

Further, prior to 1938, banking organizations were required for supervisory purposes to use market value accounting for their investment securities portfolios. Serious concerns on the part of the U.S. Treasury and the bank regulators over how this affected the banks’ financial performance and investment decisions led the agencies to abandon in that year the use of this accounting concept for supervisory purposes.

NEXT WEEK….PART TWO….AND HOW TO WEAR A CHIFFON ORGANZA TULLED ZAC POSEN BALL GOWN TO A LATE NIGHT CORPORATE RESTRUCTURING MEETING AT THE LIPSTICK BUILDING. ESSENTIAL TIPS FOR THE CHIC ACCOUNTING PROFESSIONAL ONLY RIGHT HERE….ON GLAMWIRE.

Mondays in Minneapolis Without Morrie: <BR>The O’Franken Factor

Monday, January 26th, 2009

It’s been two months since the U.S. Senate election that pitted Democrat Al Franken against incumbent Republican Norm Coleman, but it’s still impossible to say who actually won.

Entertainer Al Franken may be getting closer to one of the most hotly contested Senate seats in the U.S., potentially beating out Norm Coleman.

Their contest enters a new phase Monday when a panel of three judges begins hearing Coleman’s lawsuit over a recount that left him out in the cold. Coleman argues that ballot irregularities and improperly rejected absentees are the reasons Franken holds a narrow lead.

But legal experts say it is Coleman who faces the bigger challenge.

That’s because Franken is sitting on a state-declared 225-vote lead, giving Coleman two hills to climb.

First, his lawyers have to produce proof of the irregularities and inconsistencies that they’re alleging riddled the vote tally with fatal flaws.

Then, if they meet that burden of proof, Coleman must make up enough votes to overtake Franken. But even Coleman’s lawyers acknowledge that if the alleged mistakes are corrected Franken also would gain some votes.

President Obama’s Weekly Glamwire Message

Sunday, January 25th, 2009

An EXCLUSIVE Glamwire blog by President Obama every week….right here, only on Glamwire. This week the President indicates that citizens can track government spending on line at www.recovery.gov. Check it out. Um, the times may be a changing.

Bek is back (Le Re-entre du Beki Pina Collada Thomas)

Friday, January 23rd, 2009

The Pina Coladaster celebrates the New Adminstration the old fashioned way, with a mate an a few bloody Pina Coladas. Beki’s incredible Holiday travel musings will be served up shortly with a cherry, a bloody paper umbrella, a splash of 151 on top and a fierce Oz-like accent, mate. Yeah.

Zac is Back (Again)

Wednesday, January 21st, 2009

Elegant and Dapper Glamwire reporter Zach Soreff whoops it up with Michelle Obama on January 18, 2009, at a dinner for a few fahsion journalists and top advertising folk at Blair House, where the Obama’s lived until last night.

President Barack Obama

Tuesday, January 20th, 2009

Barack Hussein Obama became the 44th President of The United States at Noon Eastern Standard Time. Michelle Obama wore a three piece ensemble by by New York’s own Isabelle Toledo. More from our crack Glamwire correspondents in the field to follow.

Glamwire Fall 08-1

Thursday, January 15th, 2009

Shot last February in NYC, the Glamwire Fall 08 collection by Cal Rhodes featured a selection of the work of New York designers cast against a backdrop of images taken from the political conventions of 08.

A look back: Glamwire’s Spring ‘08 Season

Thursday, January 15th, 2009