floating capital

The excellent house blog of San Francisco’s storied DNA Lounge, JWZ, asks us to consider the meaning and message of one of the least popular emojis, the so described as man in business suit levitating (🕴)—an enigma but not in the sense of Avicenna’s thought experiment of the Floating Man or Magritte’s Son of Man, but rather what sort of capitalist, privileged elation that this symbol can be used to express. Click through for a selection of literary tropes for which this shorthand for rapture, stock-photo, narcissist or sociopath—whereas the real backstory involving a webdings exclamation mark and a Ska band is equally intriguing if not more circuitous.

regimental colours

Via the lens of heraldic conventions developed over centuries of colonisation and exploitation, we are afforded a glimpse into the complex history and socio-economic relations of the traditional companies of warriors of the Akan culture—called Asafo—of Ghana and the Ivory Coast (see previously) that pledge to defend the land through resistance to assimilation and care for their community, like ward custodians. Reminiscent of latter day Afghan war rugs (an example pictured here), learn more about the flags’ history and legacy at the link up top.

7x7

event horizon: unlike planets or stars, the size of black holes are not limited by physical constraints  

peg and pulley: a compelling argument to revive the cross-building washing line—via Pasa Bon!  

alien dreams: uncannily creative art from AIs—via Waxy 

bertilak de hautdesert: a highly recommended retelling of Sir Gawain and the Green Knight—see previously 

the greater fool theory: also called survivor investing, on the origins of value, margin calls and fiat currency—see previously  

thirteen things: a truly outstanding round-up from a fellow internet caretaker, including an indoor-outdoor bath tub on rails, pineapple cheese and a chameleon tape-measure 

intercluster medium: a galaxy-sized cloud of gas out floating in splendid isolation

the velocity of money

In the unfolding of the worst case of hyperinflation (previously here, here and here) and devaluation in history, the Hungarian pengő (an onomatopoetic word for the ringing of silver struck, the clinking of coins), itself a replacement currency for the Austro-Hungarian korona, liquidated under the terms of the Peace of Saint-Germain that dissolved the joint bank of the monarchy, battered and bashed by the ensuing Great Depression and a second world war, was pegged to the reintroduced forint (in use prior to the imperial union in 1892 and named for city of Florence) at an exchange rate on this day in 1946 of one Ft for four hundred octillion pengők, shedding twenty-nine zeros and starting over, notes in the millions and billions reused and reissued marked with exponentially higher values.

A last ditch effort to rescue the collapsing economy in January brought in a parallel currency that would hold its value called the adópengő for tax and postal payments—sort of like those forever stamps that aren’t subject to rate hikes or the specie of old pennies with high copper content, starting at parity with what was then in circulation but eight months later each was worth two sextillion. The largest denominated bank note issued was the one hundred quintillion (ten to the twentieth power, one million billion and worth about two US dimes) featuring an anonymous Hungarian woman wearing scarf on her head who back in March appeared one the one hundred million pengő bill.

stamina potion

Directed towards an engrossing economics side-quest to ponder from NRP’s Planet Money, we learn how a cadre of rather ingenious individuals, to stave of the worst effect of a collapsing national currency and exponential inflation which strips money of one of its defining pillars as a store of value, to farming for computer game gold, since collecting and trading those virtual coins for primarily euro or US dollars was at a far better rate of exchange than the bolívar soberano and paid a better wage. Choosing the MMORPG (massively multiplayer on-line role-playing game) platform of Old School RuneScape because of its low bar to access, straightforward and relatively easy to play (especially for repetitive, income-generating tasks) and would run on older computers and not be too data intensive, their activity (not allowed according to house rules, selling to third-parties, but can’t really be stopped) has drawn supporters sympathetic to their real world plight and detractors complaining of encroachment and how it skews the in-game economy.

zwischenstopp: fladungen

Much like with our last entry about the anchor town of Mellrichstadt to the southeast, we realise that we hadn’t made the time lately to take in the sites of another larger town to the northwest that defines the region’s character in the eigthth century settlement called Fladungen (see previously here, here and here) that from the fourteenth century until modern times was the primary marketplace of the Franconian Rhön. As with many other smaller ducal holdings, with the 1814 Treaty of Paris, Fladungen was absorbed into the Kingdom of Bavaria. The central Altstadt is well preserved and dominated the parish church of Sankt Kilian plus an ensemble of administrative buildings. Along the former border, Fladungen was made a virtual exclave of West Germany, deprived much of its hinterland for agricultural purposes but since reunification, traditional industry has returned. 

saut de seconde

Introduced for the first time on this day in 1972 and originally delegated to the Bureau International de l’Heure (BIH, the International Time Bureau at the Paris Observatory) to schedule their addition or subtraction, leap seconds (see also) are a way to adjust Universal Coordinated Time and synchronise the invariable atomic clocks that informs most civilian timekeeping with observed solar time, the Earth’s rotation prone to go off-kilter a bit due to geological, climatic changes or meteor impacts. Though implemented as a means to ensure accuracy and uniformity in an increasing interconnected and networked world and announced six months in advance, the irregularity of leap seconds can also reveal flaws in underlying programming, the pictured time-stamp causing Linux-based systems to crash back on that date.

le pont de trinquetaille

Seeing that on this day in 1987, a Van Gogh (previously here and here) of a bridge scene in Arles fetched a then record twenty million dollars at auction made me reflect on a recent podcast episode about the individual responsible for the artist’s posthumous and compelling fame promoted out of necessity and circumstance, Johanna van Gogh-Bonger (*1862 - †1925), widow of theretofore Van Gogh’s greatest champion, his brother Theo, and sister-in-law who had acquired a great deal of the then worthless works and against the advice of friends and family brought them back to their native Holland from Paris after losing her husband. In order to provide for herself and her child, Van Gogh-Bonger collected and edited an epistolary exchange and between the brothers and family biography, helping to establish her brother-in-law’s fame and reputation, as well as arranging exhibitions, helping to define not only Vincent as a celebrity but the attendant marketplace of the art world as well.

8x8

here fishy, fishy, fishy: a tale of a talking fishing lure and sixty counts of mail fraud  

goldenrod: behind-the-scenes footage of droids C3PO and R2-D2 trying on their costumes  

plastic tracker: monitor the likely course of one’s discarded waste to the seas—see also—via Maps Mania 

discothek: a commercial photographer captured the golden age of nightclubs with all their eccentricities and exuberance  

juneteenth: America gets a new federal holiday to commemorate the end of chattel enslavement in the United States  

downfall: dégringolade n. a rapidly deterioration of circumstance or position, from the French to take a sudden tumble 

foreign exchange: a beautiful animated short of grains of sand and fiat currency explores the tenuous, specious agreements that underpin capitalism and the global economy  

the most compact, neatest, cheapest, and durable reel on the market: advertising niche that distresses and antiques modern sundries

g7 action figures - limited edition

 

fulfilment-by-amazon

Examining the anti-trust lawsuit filed against the e-commerce giant and the inextricably integrated logistics that makes marketplace and membership one in the same, it’s noteworthy how anti-competitive incentives are introduced by shoehorning French regulations into the conversation—the country has not only been the first one to boldly reform its tax regime to make digital overlords pay more of their fair share (see previously here and here) and very early on a prohibition against social media privelging and the invitation to follow on Facebook but rather “search the internet” for French businesses—with the ban on free-shipping to protect physical retail stores as well as other online boutiques. Amazon—with its captive patrons—has built the most robust and inescapable walled-garden, though it is arguable that anyone sets out with such intentions.

noordzee

The always intriguing and enlightening Maps Mania refers us to a suite of tools and tracers to help us visualise the huge among of marine traffic that passes in and out of the North Sea bordered by the Low Countries and Scandinavia, the waters off Belgium far exceeding the throughput of either of the shipping industry’s great corridors and potential bottlenecks, the Panama and Suez canals. Especially interesting is the data-driven scrollytelling from the financial daily De Tidj (pictured) which shows the activity and congestion of navigable routes along with the dredgers that keep the trade routes open to traffic.

zones of immaterial pictorial sensibility

Via Super Punch and vis-à-vis the enthrallment and repulsion that the markets are experiencing for tokens—fungible or otherwise—we really enjoyed learning about these performative pieces from Nouveau réalisme artist and judo master Yves Klein (*1928 - †1962) called Zone de Sensibilité Picturale Immatérielle, who wanted his patrons to experience the void, offering vacant spaces in exchange for gold. The buyer received a certificate of ownership. Eight such invisible works were sold, some with elaborate rituals including throwing the gold in the Seine and burning the bill-of-sale.

rpow

Nearly a year and a half after the minting of the first blocks of the chain and demonstration that block chain was viable in code as a reusable proof-of-work system (a cryptographic transfer wherein one party shows to another that an established amount of computational effort has been expended with no other disclosure between the two sides), the first known cryptocurrency commercial transaction (see also) occurred between a programmer and a pizza chain, the later exchanging ten thousand bitcoin for two pies on this day in 2010. At the time of publication, this figure is valued at over three-hundred thirteen million euro.

generational brokering

Via Kottke, we are referred to this data visualisation of the past century of American generations represented as stacked, staggered bar chart which while reinforcing the reality that all ages come into being and pass and no one’s scheme for immortality has yet worked out and we’re not the first to think ourselves on the cusp of change or bemoaned our own cohort, or those past and future cadres and the factors that limn them. Questions of intergenerational equity aside and the real and perceived firewall that tips the scale in favour of lingering demographics—important as those questions maybe—these stair-step histograms also reveal, with a certain kind of elegant immediacy (see also) is the progress made in terms of life expectancy and quality of life. More at the links above.

nighty-nite

Via Boing Boing, we are referred to a simple, self-coordinating, synchronising programme conceived by Masamichi Souzou, a company championing happiness and well-being, that allows one to put to bed their website—according to the visitors’ time-zones, the kanji top-level domain suffix, みんな, being everyone—like a physical store or business branch with workers who need rest and recuperation and signal the importance of adequate sleep and highlight the forces and diversions that make us indebted in terms of something so fundamental as adequate shut-eye.

europawoche

Celebrated today on the anniversary of the 1950 Schuman Declaration which proposed the pooling of French and Wester German coal and steel industries and the first European Community, Europe Day was introduced in 1985 by the EU predecessor organisation the European Communities. The Council of Europe marked its own Europe Day earlier in the week with the anniversary on the fifth marking the council’s founding in 1949, both observances commemorating pan-European identity and integration.

flash crash

Triggered by a combination of human error—so called fat-finger trades that if not invalidated within thirty minutes after execution are considered legitimate—automated trading protocols set on edge by the sovereign debt crisis in Greece, over the course of thirty-six minutes of the trading on this day in 2010, US stock indices collapsed, loosing over a trillion dollars in wealth. The markets for the most part recovered quickly and additional regulatory safeguards were put in place to prevent the same thing from happening again. It held the record for the most volatile day for American stocks with the largest intraday change in valuation until August of 2015 when global markets faltered over concerns about the viability of the Chinese economy, but both events were pushed way down in the rankings by the crashes of 2020 caused by the pandemic.

9x9

why are you still here: our houses get sick of us never leaving too—via Nag on the Lake’s Sunday Links (lots more to see here)  

fake id: the unfortunately inevitable rise of counterfeit vaccination credentials  

disaster girl: meme as NFT (previously) nets a half-million dollars at auction 

comically overwrought: an oral history of the Crying Dawson gif  

resident evil village: games company produced a musical, gory puppet show to promote its latest instalment  

sunshine state: Florida will make it illegal for social media to deplatform politicians, with a especial carve-out for Disney—via Slashdot  

euphonium: found poetry in the history of acoustic waves  

web curios: Waxy lets us know that the fine and well-connected newsletter returns after a sabbatical of nine months with the folding of Imperia   

windows on the world: artwork by Liam Cobb that fills one with Wanderlust—via the morning news

origin story

Rather pleased with this new knowledge, we garnered a bit of insight into the etymology of company names and brand identities (see also) and learned that the first web mail, e-mail accessible via the internet from any computer with one’s log-on credentials, was called Hotmail for its inclusion of the initialism for Hypertext Mark-up Language and originally stylised as HoTMaiL. Acquired by Microsoft, those domain addresses are now supported by Outlook servers. The graphics card manufacturer NVIDIA comes from the Roman concept of invidia, envy in the sense of “looking upon” with the evil eye and feeling objectified and offending. There are aspirational, folk etymologies attached to legacy brands as well, like with MG Cars, from Morris Garages, now under new ownership that tout the label as “Modern Gentlemen.”