news seems like live history but history is simply the part slow-motioned enough to be ratified and minted. the rest accumulates in continuous saturation and evanescence in words and repeated words like in basquiat’s paintings. a stream of the world’s consciousness rather than its memory. saturation and evanescence are two different ideas, somehow conflictual. but as w/ music, “news exceeds reality” (thomas bernhard) and, simultaneously, fades in the next spumous moment. non-stop.
Engaged In Mutilating
Cemetery Rapist (First album: Your Daughter’s Twat Filled With My Cock.)
Fecalized Rectal Sperm Spewage
Sublime Cadaveric Decomposition
Methadone Abortion Clinic
Weapons Of Mass DeFunktion
Magically Delicious Smoking Skunk Monkey
The Kind Of Jazz Music That Kills
Three Stoned Men (Song titles: “Stoned,” “Too Stoned,” “Too Lazy To Pee,” “Fog Bank.”)
Post Mortem Bong Hit
Wicked Pussy From The Wild West
Gestapo Pussy Ranch
Diarrhea Till You Die
3 Piston Ass Hammer
Lasers And Fast And Shit
Phallus In Chains
Menage A Twang
Oh Shit! A Geyser
I like to think about making it again instead of making it new.
Normality is the next ‘special effect’
gursky appears for the first time in a self-portrait (big deal):
gursky at the opening:
aloha drinking free white wine:
I went to vote at 830 this morning before heading to work, with kim (who spent the WE doing obama canvasing uptown). We didn’t know where our polling place was (there’s 2 different ones for our building block). So we went to the closest polling bureau, the school on baxter street (it was that or a place on avenue of the americas…).
Kim was registered, but my situation was confusing (it’s the first time i’m voting in the us)…
Me: My name is Imp Kerr, can you check if i’m on the list?
lady: i dont see you on the list.
Then she stopped paying attention to me, literally, then she went like:
lady: do you want to do a paper ballot?
me: sure. that’d be great.
lady: go over there and fill one out.
OK. So i filled in little squiggles and that was it (i didn’t use the weird machine with the lever). Isn’t it weird that they didn’t even ask me for ID?
A 15-year-old girl is accused of distributing nude photos of herself to other minors, and one state legislator is questioning whether she should be labeled a sex offender.
The Licking Valley High School student was arrested Friday after school officials discovered the materials and brought in the school’s resource officer for a police investigation.
By now, everyone in the world is aware of how bad the subprime mortgage business was. But now it is time to get ready to hear the same tale, told again, about Alt-A mortgages. These are mortgages made to borrowers with better credit scores than subprime borrowers, but who could not or decided not to document their income. One estimate is that 70% of Alt-A borrowers may have exaggerated their incomes. More than half of those were people who exaggerated their incomes by 50% or more!
How much are we talking about? Around 3 million US borrowers have Alt-A mortgages totaling $1 trillion, compared with $855 billion of subprime loans outstanding. $400 billion of that was sold in 2006. Almost 16% of securitized Alt-A loans issued since January 2006 are at least 60 days late. Many of these loans (around $270 billion) were interest-only or with a low teaser rate, and the resets were at 3- and 5-year lengths. These are called Option ARMs. That means starting next year we are going to see a wave of mortgages resetting to new rates. And it is no modest increase. Rates can jump 4-8% or more from teaser rates. Some Option ARMs are resetting at 12.25%. That can double a payment.
Wachovia and Washington Mutual were big sellers of Alt-A loans, and had $122 billion and $53 billion, respectively, on their books at the end of the second quarter.
Lehman Brothers succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. … Lehman owes its 10 largest unsecured creditors more than $157 billion… Barclays, which emerged as a leading candidate to acquire Lehman, pulled out first yesterday, saying it couldn’t obtain guarantees from the government or other Wall Street firms to protect against losses on Lehman’s assets. Bank of America withdrew about three hours later, before saying it would acquire Merrill Lynch.
The government is looking for an agreement that would not involve public money. … Fed leaders do not want to provide financial backing for an acquisition of Lehman, as the Fed did for Bear Stearns.