Showing posts with label Entertainment. Show all posts
Showing posts with label Entertainment. Show all posts

(Disappearing) American Mall, the Video Game

♠ Posted by Emmanuel in at 2/18/2018 01:48:00 PM

Like (I hope) the IPE Zone blog itself, there's an amusingly droll American Mall video game developed by, of all people, Bloomberg. With consumer spending constituting the lion's share of economic output in most countries, the fate of the shopping mall format is of considerable political-economic interest. The anchor department store...the food court...the originators of these retail concepts are American through and through. Having created it, the Americans are now at the cutting edge of retail evolution in moving away from the mall in a big way. What will it hold for retail in other countries?

It's hard to tell what will happen elsewhere. Among other things, there's less of a glut of retail floor space in other countries as well as the emergence of the mall as something more than a "shopping" destination. For instance, in the highly Catholic Philippines, its largest mall features regular church services.

At any rate, enjoy the video game. It's even developed something of a following online:
Average gamers are playing about 4 minutes per session, though it’s topped one hour for some. And, for now, this is the only game in town for Bloomberg.com, but it is its most ambitious storytelling to date. (The site built The Trading Game, about picking stocks, two years ago.) The highest scorers are those who keep the mall open the longest, as of this writing more than 2,000 days. 

How Trump the Vulgar Boosted the Hallmark Channel

♠ Posted by Emmanuel in at 8/23/2017 03:06:00 PM
The Hallmark Channel is everything Trump's America is not: civil, polite, and uplifting.
Despite his improbable appeal to certain segments of the American electorate--you'll have to point them out to me since I can't find any sensible reason why--I'll bet they would agree that Donald Trump is a walking obscenity. Insulting anyone and everyone--people of color, people of other faiths, foreigners, white people who don't agree with him and so on--he arguably sets new lows for public discourse. His exceedingly crass manner has dragged American public discourse and the rest of the world's views of the United States into the gutter.

However, there is a bright side. Sort of. Given the putrid state of American life, wouldn't it be nice to go to a place of civility, kindness, and people lifting each other up instead of tearing them down? Well, there is such a place. It's called "The Hallmark Channel." Personally, I do not watch it because the story lines are exactly the opposite of what Trump sees. Instead of American Carnage, it's American Fluff. Neither is quite an accurate portrayal of North American reality, but hey, when you have too much of the former, I guess people pine for the latter. That is, a bygone era that's largely conjured suits more and more people:
It’s been called feel-good fluff by both critics and viewers alike, but the fact of the matter is Hallmark Channel, with its sugary sweet TV movies and shows, is currently one of the highest-rated TV channels in the United States.  Shows like Chesapeake Shores (starring Jesse Metcalfe) and saccharinely titled movies like A Dash of Love and Love at First Bark provide the mindless, wholesome entertainment people are turning to in Donald Trump’s America[...]
So what’s the deal here? Why are people flocking so heavily to Hallmark?

“It makes sense that in an era of war and political conflict, people turn to their TVs for feel-good escapism,” said Amber Dowling, TV critic and former president of the Television Critics Association. “Historically that’s been true over the years, and has usually led to an increase in production on family comedies and stories. Hallmark churns this type of programming out, so they’re able to easily fit that current appetite.”

Indeed, it’s true: Hallmark shows and movies, for the most part, are squeaky clean. No swears, no sex, closed-mouth kisses, and enforced “family values” can go a long way when the rest of TV is a melange of excessive violence and sex. Many contemporary TV shows try to go the other way, towards whatever forbidden button needs pushing. Hallmark and channels like it are salves, oases away from the chaos of network and cable TV. It’s no surprise its tagline is “The heart of TV.”

Trump's America is not a happy place, and people need to escape somewhere:


“The environment is undeniably contentious,” said Bill Abbott, chief executive of Crown Media, which owns Hallmark. “We are a place you can go and feel good. We intentionally branded ourselves as the happy place.” While Hallmark’s ratings have been going up consistently over the last few years, it’s gotten a noticeable bump since late 2015, when the latest presidential election cycle started. 
 I'll bet you the owners of this channel are secretly wishing for the continued reign of Trump. Just as cable news channels keep blasting him but wish he remains in office to get more viewers, so do the owners of the feelgood, happy ending channel wish for the endless torrent of misery that is the Trump administration. 

Heaven help us all.

Today's PRC Pt III: Building a Creative Economy

♠ Posted by Emmanuel in , at 5/03/2016 06:49:00 PM
Yes, Kung Fu Panda 3 qualifies as a PRC production.
The current Chinese leadership's plans to make a transition from a manufacturing- and export-oriented economy to a services- and domestic-oriented one are well-known by now. Encouragingly, the so-called "creative economy" may be coming online just when the old-style economy appears to be faltering. So the creative economy's scale is nowhere near that of manufacture-for-export yet, but China does have to start from somewhere:
The new engines of China’s economy are humming as social media, movie theaters, karaoke bars and art galleries shrug off the nation’s slowdown, according to a new report from the nation’s statistics authority.

First-quarter revenue from cultural industry companies rose 8.6 percent in the from a year earlier to 1.67 trillion yuan ($258 billion), the National Bureau of Statistics said Friday. The report based on surveys of 47,000 companies is the first such quarterly tally and comes as the agency strives to improve coverage of the "new economy."

Revenue from "cultural information transmission services," which include Internet companies and some satellite and telecommunication providers, surged 27.8 percent from the first quarter of 2015. Firms in "cultural, leisure and entertainment services" including travel agencies, parks and karaoke bars, saw sales jump 25 percent.
In some ways, the contributions from marketing culture are still understated in China. Remember, China ranks fourth worldwide in the number of tourists it attracts. It is also mentioned in the article above that the Kung Fu Panda 3 movie became the highest-grossing film in China recently. This outcome is likely due to the extensive partnership its producer had with PRC-based firms:
The record is an important milestone for [Jeffrey] Katzenberg and DreamWorks Animation. Kung Fu Panda 3 is the first film from the studio's burgeoning Shanghai-based venture, Oriental DreamWorks, which was established in 2012 in partnership with two state-backed Chinese companies with a combined investment of $350 million in cash and intellectual capital.
If it helps with China's transition, then I don't see any harm in it.

Miss Universe and US Hegemony in Beauty Pageants

♠ Posted by Emmanuel in at 12/25/2015 05:18:00 PM
"Yay, the Americans declared me winner of an 'international' event!"
Given my nationality, I suppose I shouldn't complain too much about the outcome of the 2015 Miss Universe pageant. Still, one thing that struck me is that, despite the obviously commercial nature of these pageants--to paraphrase Robert Cox, they wouldn't be held if they didn't make money for someone--American hegemony is all too apparent for what is ostensibly an "international" competition. For a long time, the franchise was owned by real-estate, er, impresario Donald Trump. Then, late this year, it was sold together with the Miss USA property as legal settlement after the the broadcaster NBC had a falling out with Trump in the aftermath of calling Mexicans "rapists" and offending the entire Latin America.

The interesting thing is that alike Mr. Trump, the new owner--events organizer IMG (sports, media, and fashion), is very much an American organization. If Miss Universe were truly an "international" event, then its participation would be truly representative. Yes, the contestants represent several countries the world over which do not mind young women parading in skimpy outfits. But no, the judges are actually...very, very Amerocentric. The global headline-grabbing gaffe of an American host declaring the runner-up as winner brought this to light as far as I'm concerned:
The panel of judges included [celebrity blogger Perez] Hilton, Miss Universe 2012 Olivia Culpo, comedian Niecy Nash, and former football star Emmitt Smith.
Come to think of it, it's all too frequent that finals judges are American for a supposedly "universal" event. Call it another example of American hegemony that has gone unnoticed. By virtue of the event's organizers being American, so too are the judges of "global" beauty standards. In other words, the winner must invariably cater to what Americans would consider as attractive. 

Oh well, I suppose it's better to sort out hiring a host who has no problems reading cue cards first. And it's still better than having Mike Tyson as one of the celebrities promoting a beauty pageant. Speaking of whom, maybe Manny Pacquiao can be invited to judge again.

What is the selection criteria for being a judge for one of these things anyway? It seems that professionalization has not yet reached the ranks of beauty contest judges.

Whew! TPP Won't Kill Off Cosplay

♠ Posted by Emmanuel in ,, at 10/18/2015 06:15:00 PM
TPP preserves your rights to dress like a cartoon character...to an extent.
I have always enjoyed featuring fringe stories from the world of international economic relations, and this one should fill the bill for this month. There is a very large, globe-spanning community that enjoys dressing up as famous cartoon/comic/video game characters known as the "cosplay" crowd. As you would expect, they dress in their, er, finest for conventions of the aforementioned media.

While elder Japanese were probably fretting about agricultural and automobile imports during the TPP negotiations, younger Japanese cosplay fans in Japan worried about their freedom of expression. That is, would the likes of Bandai Namco and Nintendo strictly enforce intellectual property rights against those dressing up as their characters? Thankfully, the Japanese government may have actually listened to the cosplay folks and inserted some provisions that will preserve their freedom to dress as silly as they please:
Negotiators from the 12 nations participating in the Trans-Pacific Partnership were surely relieved to finally seal a deal. The arrangement also took a load off the minds of Japanese otaku, as the nation's legions of anime and comic fans are known. The free trade pact, hashed out over more than five years, is to strengthen the protection of intellectual property -- to a degree that drawing or dressing up as a character from, say, "Dragon Ball" could lead to criminal charges. The original copyright holder would not even have to file a complaint; a third party could do so.

A summary of the pact released by the Japanese government on Monday confirms that copyright violations will be prosecutable even if the owner does not press charges. To the relief of otaku, though, the paragraph does not end there. It goes on to say that cases that do not affect the profitability of rights holders will be considered exceptions [my emphasis]. The summary sparked a flurry of celebratory Internet comments by the otaku-inclined. "The Japanese government cares about our culture," one individual wrote. "They gave us full consideration."
Actually, a big text will come at the next big event in Japan. The thinking goes that for as long as the IP use is not massive--or massively profitable--then cosplay outfitting will be allowed. That is, homemade is fine but large-scale commercialization of others' IP may not be:
"Selling small volumes of doujinshi or doing cosplay should be safe," said Ken Akamatsu, author of the "Love Hina" and "Negima! Magister Negi Magi" manga series. But the legality of "massively profitable doujinshi and posting edited anime videos remains unclear."

 Otaku will have to wait to see how domestic laws take shape after the TPP comes into effect. In some countries, such as the U.S and South Korea, copyright violations are already punishable without a complaint from an owner. But the law books also allow for "fair use" -- limited exceptions for copying protected materials. This doctrine provides a shield for fan-driven events like Comic Con in San Diego and Anime Expo in Los Angeles.
It seems a fair trade-off  to me.

The Utter Unlikeliness of Call of Duty: Singapore [?!]

♠ Posted by Emmanuel in , at 9/30/2015 04:12:00 PM
Call of Duty: Singapore is a really dumb idea. I look forward to Call of Duty: Kirby's Apartment.
If you were going to set a fictional video game franchise concerning a terrorist attack somewhere, the very last place yours truly would think of is Singapore. It is a highly antiseptic society that has banned chewing gum. More seriously, Singapore is a country that, to its credit, I can honestly say has truly tried to be accommodating of all races and faiths. Yes, migrants are sometimes discriminated against...but by Singaporeans of all races and faiths who've had the privilege of getting there first instead of being of certain colors or creeds. Terrorism isn't usually spawned by such grievances.

So it was of some surprise to me that the latest installment of the Call of Duty franchise--concerning a terrorist attack--was set it Singapore 2065. Even more puzzling, they've used live blogging to promote the game, leading some impressionable netizens to believe the "attack" was real:
A "terror attack" has taken place in Singapore - all part of a controversial web campaign to launch the newest title from the popular Call of Duty video game franchise. Set in Singapore during the year 2065, Call of Duty: Black Ops III begins with a mission where players must investigate the "mysterious disappearance" of a CIA station.

Ahead of its worldwide release on 6 November, US-based games maker Activision launched a series of tweets, setting up the opening scene for a fictional attack in Singapore. While the tweets aimed to tease fans and also introduced new characters to the game, many social media users were unimpressed at the way things were playing out on Twitter, saying the scenario was in bad taste. 
Local media (read: government-friendly) are, unsurprisingly, blasting the PR stunt. See the Straits Times and Today Online. My complaint is not that the tweets were in bad taste. Rather, the scenario is rather implausible.

What's next, Call of Duty: Zurich?

China Buying America: From Tech to Flicks

♠ Posted by Emmanuel in , at 7/27/2015 01:30:00 AM
China funding Hollywood...what's the deal?
Two new articles in the WSJ illustrate China's ambitions in terms of acquiring Western technology--we've always known about this, but they've frequently been frustrated over trumped-up national security concerns--and bankrolling entertainment. Let's start with a new venture capital firm formed by technology entrepreneurs in China with blessings from the Communist Party:
The quest by Chinese firms to acquire global technology is about to get $5 billion boost.
Chinese venture-capital firm GSR Ventures is raising a $5 billion fund to buy overseas assets, according to people familiar with the situation. The fund, which is expected to be announced Monday, will target deals to acquire companies in technology, Internet, and biotechnology industries for which the Chinese market is key to growth prospects, they said.

GSR Ventures, a firm set up by Chinese tech entrepreneurs in 2004, raised its profile outside the country in March when it joined U.S. venture-capital firm Oak Investment Partners in the purchase of 80% of Philips NV’s lighting components and automotive-lighting operations in a $2.8 billion deal.
GSR Ventures’ latest fundraising comes as Chinese firms, encouraged by policy makers in Beijing, are pushing abroad to snap up technologies that China imports from abroad. Many of these, such as semiconductors and advanced automotive technology, are markets in which China is the world’s largest consumer of the end products, for example mobile phones and cars.
From this perspective, acquisitions of Western concerns would make sense since China is becoming the largest consumer market for electronics. That said, those so-called security concerns always rear their ugly head:
In the most ambitious of those efforts so far, China’s state-owned Tsinghua Unigroup Ltd. made a $23 billion approach to chip maker Micron Technology Inc. this month. Tsinghua Unigroup, an arm of the country’s top science university, faces hurdles in bringing Micron to the negotiating table given the potential scrutiny such a deal would bring from the U.S. government.  
If tech is the stronghold of Northern California (NorCal), entertainment is that of Southern California (SoCal). As it so happens, the Chinese are also keen on acquiring the expertise of those in Hollywood by helping raise money for various productions:
The boxing drama “Southpaw” released over the weekend has a seemingly unlikely partner in its corner: Chinese conglomerate Dalian Wanda Corp. Wanda financed the approximately $30 million production budget for the Jake Gyllenhaal movie. It was produced and is being released by Weinstein Co., which is paying for about $35 million of marketing expenses. The two companies will split any profits.

“They were on the set and involved in production, postproduction, marketing, everything,” said Weinstein President David Glasser. “They wanted to learn how we do what we do.” In exchange, Weinstein is hoping Wanda will help the movie gain a favorable distribution arrangement in China, which the government grants to just 34 foreign films a year. “Southpaw” represents one of several ways Chinese companies lately have been trying to tap Hollywood moviemaking know-how.
As with Chinese buying foreign tech, the goal in financing films is partly to acquire knowledge--both hard and tacit--useful for industrial purposes.
Four former heads of major studios and studio divisions have in the past year launched or taken jobs atop startups backed by Chinese investors. Together, the four new companies have commitments of more than $660 million from China.

They are launching amid a wave of Chinese investment in the entertainment business, technology and other U.S. industries. The Chinese companies aren't only looking to make money, people involved in the moves say, but to gain expertise in areas where they are currently not global leaders. “China is the fastest-growing movie marketplace in the world and the source of a tremendous amount of capital,” said Sheri Jeffrey, a partner at law firm Hogan Lovells who focuses on entertainment finance. “That’s why these are such perfect partnerships.”
Right...so what are the Chinese interested in again?
China gets its own benefit from the deals: the advice of some of Hollywood’s most experienced hands at a time when its government is pushing entertainment as a source of “soft power.” Though it has become the world’s second-largest movie market, China has yet to produce a globally popular movie of the type regularly churned out by Hollywood. Allying with former studio chiefs is seen as a tool to change that.
Can China acquire foreign expertise by buying US tech and bankrolling US entertainment? They can surely try, but there are residual concerns over American protectionism over purchasing tech masquerading as "national security." Moreover, can US film production techniques be directly applied to "Made in China" storylines? Somehow, I doubt it.

Eurovision, Migration, Romanian Kids & Workaway Parents

♠ Posted by Emmanuel in ,, at 5/20/2015 01:30:00 AM
Cherishing those rare time mum is home in Romania.
It's that time of the year again when that quintessential display of European unity (really) and sheer weirdness comes around. Yes, it is time for Eurovision 2015.  In recent years, winners have included Finnish Klingons in Lordi and a bearded Austrian transgender, er, performer in Conchita Wurst. Like most entertainment, it is larger than life and over the top--but not always. This year, we have performers tackling the rather more serious but quite common issue of transnational families within the European Union separated by economic migration.

Given that the Romanian economy has never really taken off in quite the same way as, say, Poland, outmigration continues apace. Hence, the phenomenon of transnational families where the parent(s) work abroad and the children stay at home has become a prevalent social issue. As it so happens, Romania's entry tackles just this issue since there are some 3 million Romanians working elsewhere out of  a population of 20 million. That's a lot of economic migrants:
With just days to go before they perform at the Eurovision song contest, the Romanian pop-rock group Voltaj are rehearsing their hearts out. For them, the competition is not just about representing their country but also about giving voice to thousands of children who grow up alone in Romania, with parents forced to go West to find work. The five-member band is well established in the ex-communist state, now the European Union's second-poorest after Bulgaria, and home to some 20 million people.
They are hoping their performance will touch viewers elsewhere in Europe--including countries of destination:
Their ballad "All Over Again" draws attention to an oft-ignored flipside of European migration -- the youngsters left behind. The problem affects "whole generations of children" who face "severe, long-term trauma" because they are forced to make it through their formative years without parents' support, Voltaj singer Calin Goia told AFP. "I've been asked whether I think the subject matter will interest a foreign audience. And I think it will, because the topic of child-parent relationships is universal," he said.
Transnational families are actually a fairly widespread phenomenon in new EU member states like Romania and Bulgaria:
Some 350,000 Romanian children -- almost 10 percent of the country's total child population -- have at least one parent living abroad, according to Save the Children and Alternative Sociale, another NGO. The government puts the figure much lower at 82,339. In neighbouring Bulgaria, 267,000 children share their lot, according to a recent study by the Partners Bulgaria foundation. The children are cared for by grandparents or aunts and uncles, though some live in state-run households as they wait for their parents to return.
The performance by Voltaj is quite good, actually, but you have to wonder if a rather less flamboyant, smaller-gestured song can win at a competition where the incredibly oddball have higher visibility. Maybe if they performed the song as cross-gendered, bearded Klingon women they'd have a better chance if winning? At any rate, I wish Voltaj the best in bringing to light social issues faced in the former Eastern Europe partly resulting from regional integration.

'Furious 7' Box Office Success Banks on US Diversity

♠ Posted by Emmanuel in ,, at 4/09/2015 01:30:00 AM
New box office formula: fewer gringo actors = more moviegoers.
I am not much of a follower of the US film industry, but this story caught my interest for a number of reasons. To be honest, I haven't watched much of the Fast and Furious film franchise which now stretches to seven films. Still, they wouldn't be producing so many sequels  if there's no one to watch, right? Earlier on, there were doubts as to whether the latest installment would produce box office gold. First, it does not feature the late Paul Walker who has become synonymous with the franchise after his untimely early death in--unfortunately apropos--a car accident. Second, satiety was bound to set in sooner or later. How much can you do with the same formula of cars, speed and a dollop of criminality?

So many were surprised when the tally of Furious 7 was very impressive. Do people ever get tired of same old, same old? As it turns out, the correct answer is that the folks watching may be different from the ones before. In an increasingly diverse America where projections are for a white minority by mid-century, the producers of this film (Universal Studios) correctly bet on having a diverse cast to appeal to non-white American audiences. The end result is that 75% of viewers were non-whites. From the Hollywood Reporter:
An ethnically diverse cast is paying off in a big way for Furious 7. The Universal movie opened to a franchise-best $384 million over the weekend at the global box office, including $143.6 million domestically — the biggest debut since The Hunger Games: Catching Fire in November 2013 ($158 million). More impressive, its global bow was the fourth-best of all time.

According to Universal, 75 percent of the audience in North America was non-Caucasian, generally in line with previous installments. Hispanics, the most frequent moviegoers in the U.S., made up the majority of ticket buyers (37 percent), followed by Caucasians (25 percent), African-Americans (24 percent), Asians (10 percent) and other (4 percent).
The importance of on-screen diversity matching that off-screen cannot be understated:
"The importance of diversity of the ensemble cast in the Fast and Furious franchise has been an integral part of the success of the brand," said Rentrak box office analyst Paul Dergarabedian. "There is literally someone within the cast that is relatable on some level to nearly every moviegoer around the world, and this has paid big dividends at the box office and also in terms of how casting decisions will be made in the future for these types of large-scale action epics."

Dergarabedian and other box office pundits are hard-pressed to think of another franchise that is as ethnically diverse, even as Hollywood in general is criticized for a lack of diversity both behind and in front of the camera.

Furious 7's ensemble cast includes Vin Diesel, Michelle Rodriguez, Tyrese Gibson, Jason Statham, Dwayne Johnson and, of course, the late Paul Walker. Christopher "Ludacris" Bridges, martial artist Tony Jaa and Djimon Hounsou also star. "Someone that I admire quite a lot recently said this is a franchise that really looks like America, and there are characters that everyone can relate to. I think that's a big plus," said Universal president of domestic distribution Nicholas Carpou.
Quite possibly, the same electorate that chose Obama twice on the trot is also powering Furious 7 at the box office. Hollywood has not exactly been a paragon of diversity, so this phenomenon is a welcome one even if this movie genre isn't quite to my liking.

Sands' Sheldon Anderson 1, Online Gambling Stateside 0

♠ Posted by Emmanuel in , at 1/09/2015 01:30:00 AM
The US nanny state and a casino mogul combine to frustrate online gambling Stateside.
For a long time, I have covered attempts to regulate Internet gaming Stateside and its effects on offshore service providers like the microstate of Antigua & Barbuda. It's a long story, but ancient, pre-Internet laws prohibiting interstate gambling have been invoked by those concerned about "morals" to not only stop foreign gaming sites but also those operating across borders of US states. Perhaps unsurprisingly, operators of bricks-and-mortar casinos have also lobbied against further liberalization of gaming laws to allow interstate online gaming. Step forward Sheldon Anderson of the Sands. The end result is that we are back to a kind of Stone Age situation in which people are not allowed to do as they please with their own money over dubious "security" concerns--unless you physically visit the Sands, of course:
Efforts to allow internet gambling across the US have stalled, after a campaign backed by casino owners pushed back against industry efforts to allow more widespread wagering on laptops and smartphones. New Jersey, Delaware and Nevada became the first states to liberalise online betting in 2013, prompting industry executives to predict that longstanding prohibitions on the practice would soon crumble as others followed their example. 
How bad is it? Those operating the aforementioned real-life casinos have poured much effort into stopping the online juggernaut to apparent success. Earlier predictions that in-state gambling operations would result in considerable revenues have not materialized as a result:
Instead, 12 months later, revenues from the three states have failed to come close to lofty expectations, and quarrelling within the industry has shelved hopes for further expansion...[C]asino mogul Sheldon Adelson used his presence on the AGA [American Gaming Association] board to persuade the group to withdraw its support for online betting. Mr Adelson, the billionaire chairman of Las Vegas Sands, pledged to spend "whatever it takes" to stop internet gaming.

The reversal dismayed other AGA members, such as Caesars and MGM Resorts, which had been vigorously pushing for a federal framework for internet gambling. Mr Adelson and his allies then helped derail attempts to legalise online play in California and Pennsylvania, although they were unsuccessful in pushing for a provision in a Congressional spending bill to restore a blanket federal ban.

The 1961 Wire Act prohibited wagering via electronic transmissions, but in late 2011 the Justice Department reversed its interpretation of the law to allow individual states to establish their own internet betting schemes.
To be sure, part of the reason why online gaming has not really taken off is residual concern from financial services providers about the unsettled legal situation:
New Jersey, by far the largest market of the three to do so in 2013, registered just $111.8m in revenues over its first 12 months — well shy of the $1bn projections offered by analysts and state officials at the outset. Some attribute the poor performance to a miscalculation of consumer demand and technical glitches, while others point out that banks have been reluctant to clear online gambling transactions — a problem that has caused similar headaches for the emerging legal marijuana industry.

 The 2006 Unlawful Internet Gambling Enforcement Act, which the Justice Department used to go after offshore poker operators in 2011, has been an important obstacle. "Under [UIGEA], failing to block restricted transactions could result in liability. But there is no liability for over-blocking or refusing to honour Internet gambling-related transactions. This was a carefully considered provision designed to make it much more difficult for internet casinos to operate," said Michael Borden, an attorney with Sidley Austin and former congressional aide who helped draft the law.
In effect, many financial services providers have decided to err on the side of caution in overzealously restricting the use of depositor accounts for gambling purposes.  Absent a new law to replace the 1961 Wire Act (and UIGEA) by extension, we will still be stuck in this Flintstones-era situation.

Let my people do what they with their money. It's theirs to gamble with. 

Political Barriers for Game Console Makers in China

♠ Posted by Emmanuel in , at 1/06/2015 01:30:00 AM
A game console bonanza in China? Not yet so far.
The irony for video game console makers in China is that while some components are made there, the likes of Microsoft, Nintendo and Sony have not been able to sell console makers in the mainland--at least until January of 2014 when the ban on selling consoles was lifted. Starting in 2000, there had been a ban due to supposed concerns about video game consoles engendering moral decay from pervasive violence. No Witcher 3 for you. buddy. However, console makers are not home-free yet by a long shot: There being no such thing as a free lunch, they have to establish operations in China's newfangled Shanghai SEZ and obtain local partners besides if they wish to sell these things in the PRC. From the Nikkei Asian Review:
The ban, which was put in place in 2000, was lifted in January for companies that build operational bases in the China (Shanghai) Pilot Free Trade Zone. Foreign console makers also have to partner with Chinese companies. To meet this requirement, Sony in May agreed to set up joint ventures with Shanghai Oriental Pearl Culture Development, a government-affiliated media company.
What are the barriers to entry? Let us count the ways. First off, note that consoles are not totally unavailable since there has been an active grey market for these devices:
China’s ban didn’t totally eliminate consoles there — a grey market of smuggled and home-grown consoles has long existed there. But analysts say the rule caused China’s gaming market to be dominated by PC and mobile games. That means Sony and Microsoft now have to convince Chinese gamers they should buy a console, too.
Why, then, should Chinese consumers buy consoles when there are PC and smart device games aplenty? Note, too, that the censors will have a crack at approving titles as well--not something they necessarily do with PC or smartphone games. Speaking of which, PRC regulators are (surprise!) much more willing to cut local developers slack, hence the drive to obtain local partners' existing content which can be ported immediately without passing through the electro-nannies again:
But while China is letting foreign consoles through the front door, whether or not they can bring along Call of Duty or Titanfall is another question. Each game sold in the country has to win the hard-to-earn approval of China’s Ministry of Culture, which prohibits everything from blood to touchy political topics...

The key for Sony and Microsoft, analysts say, is for them to build partnerships with Chinese game makers, who enjoy pre-existing relationships with regulators and whose games have already passed the lengthy approval process. For now, Sony and Microsoft can entice Chinese developers to port their pre-approved games to the Xbox and PlayStation. If consoles take off with Chinese gamers, local developers are likely to start making dedicated games for them.
With an entrenched based on PC and smartphone users, the Johnny-come-lately console makers don't have it easy. For instance, Microsoft Xbox One sales have been limited thus far:
Microsoft has not done nearly as well. In China, only around 100,000 Xbox Ones have been sold in the three months or so that the console has been in stores. The low number comes despite spirited promotions. Working with the Lenovo Group and Chinese consumer electronics retailers, Microsoft has set up 4,000 locations in 37 cities where consumers can try their hand at console gaming.

Microsoft is also promoting the Xbox as an educational tool. In late November, it launched an online English language course for 2- through 8-year-olds. Yusuf Mehdi, a Microsoft corporate vice president, stresses the Xbox's ability to play movies and music, and to be used for educational and health care purposes.
While it's great to portray game consoles as multi-purpose devices, don't smartphones, tables and PCs do those things better already? Like I said, it's going to be an uphill battle given commercial challenges on top of sundry regulatory ones imposed by the Chinese government.

Cuba Stories: Venezuelan Oil, Buena Vista Social Club

♠ Posted by Emmanuel in , at 12/19/2014 01:30:00 AM
Some Buena Vista Music Club musicians are gone but not forgotten.
I actually watched Obama's announcement that the United States has entered a process of normalizing relations with Cuba. As something I've been wishing for a long time, I'm glad it's finally come. Let's face it: at a time when the United States has long since normalized relations with the likes of China and Vietnam, it seems odd that it has held out on doing the same with "Communist" Cuba--especially since it's so much closer to the US. The Cold War's long since been finished, mates, and it's time that both sides realized this.

Now, there are two interesting side stories to the (eventual) lifting of sanctions against Cuba by the United States. First is the notion that the self-destruction of Venezuela amidst sinking oil prices has much to do with Cuba's decision to work with the US. Just as Cuba lost a major benefactor with the fall of the Soviet Union, so is it reportedly working with the Yanquis in the expectation that Venezuelan aid in the form of oil shipments in exchange for doctors and other in-kind items will soon end. That is, Venezuela is going broke and won't be willing to supply any sort of bartered goods. After Venezuela folds, there wasn't any sign of anyone else stepping up to the plate:
With Venezuelan President Nicolas Maduro unable to contain the world’s fastest inflation and the country’s bonds trading at default levels, Cuban President Raul Castro has been working to diversify the Communist country’s economy away from Venezuela, which provides about 100,000 barrels of oil a day in exchange for medical personnel.

“You only need to look at the economic disaster that is Venezuela and clearly it’s a bad bet to have all your chips in one basket,” Christopher Sabatini, policy director at Council of the Americas, said in phone interview from New York. “That 100,000 barrels per day gift of oil is going to end very soon.”

Cuba’s leaders are well aware of the risks of dependency after the economy collapsed in the early 1990s when the Soviet Union collapsed. Since early 2013, Castro has eased travel restrictions, increased incentives for foreign investment and tried to reduce public payrolls. That hasn’t boosted the economy, which is poised to expand 0.8 percent this year, according to Moody’s Investors Service, less than the 2.2 percent forecast by the government at the start of 2014. 
For those following the entertainment scene, you should be familiar with the American rock/crossover artist Ry Cooder who brought the talents of Cuban musicians to the world. After decades of isolation, the Buena Vista Social Club album (which I promptly bought upon release) brought forth dozens of succeeding albums from veteran artists who regularly got together to play their timeless brand of Cuban entertainment. (You may have seen the documentary, too.) As it so happens, TIME recently contacted Ry Cooder, who was unsurprisingly pleased with recent developments:
The embargo is no use. It only brought suffering to men, women and children, like embargoes always do. You ask yourself what venal, grasping, backward looking so and so’s—we could name a few—who benefit? Follow the money, as the man says. We are the only country that did this—and the whole thing was insane. Just stupid.
It may be cliche, but consider the bridging power of music:
Our leading export is this myth of democracy we have. That’s the leading edge of our export efforts. So how can we say to the American people, You can’t do it? The people will go when they want to go! A lot of people went [to Cuba]. It’s a trend, a tendency, something that can’t be stopped. The more people want to join up with other people—Pete Seeger suggested that music was a bridge between classes. He used folk music as a bridge because it’s common to people and it’s easy to learn. He could have people singing together within five minutes. And I’ve seen that happen many times, but never so graphically as within this Buena Vista thing. You may be afraid of Cuba. Are you afraid of Rubén González when he plays the piano? No? Well that’s one less thing you’re afraid of.
Ry Cooder is among the sharpest observers of American life, so it's good to hear that he's actually happy about something his government has done.

And Now for Hugo Chavez, the Ballet

♠ Posted by Emmanuel in , at 12/02/2014 01:30:00 AM
Wasn't the real Hugo Chavez a homely, pudgy bloke?
For those with a taste for entertainment with a political bent, there is no shortage: Evita, Les Miserables, Imelda...the list goes on and on. However, for the truly outre in contemporary entertainment, you will have to leave the confines of London and Broadway. Make that off, Off, OFF Broadway: book your flight--and make sure it's a round trip ticket lest you get stuck in a socialist hellhole--for Caracas. Sure you can have reheated boilerplate socialist propaganda from North Korea, but why settle for that when you can combine agitprop with Latin brio?

Ladies and gentlemen, welcome to the retelling of Hugo Chavez, the ballet:
The piece, From Spider-Seller to Liberator, is roughly based on a series of personal reminiscences culled from the late president’s speeches and his weekly TV show Aló Presidente. A team of Cuban journalists combed through thousands of hours, selecting the folksy childhood anecdotes which he would drop in among state decrees and political announcements.
My Venezuelan friends inform me "Alo Presidente" was a snoozefest of Hugo Chavez rambling and ranting eccentrically about all the evils that afflict his country--especially those visited upon it by Los Estados Unidos. To go through hours and hours of such dreck in order to construct a propaganda number is, at the very least, heroic. We continue...
According to the advance publicity, the show takes the viewer from President Chávez’s humble origins in the state of Barinas to his transformation into “the guide of the fights of the Venezuelan people’s struggles”. The work’s name is drawn from the spider-web sweets which Chávez sold on the streets as a boy. A previous staging of the state-sponsored piece earlier this year saw more than 40 artists on stage, combining live music with video art and circus-like antics.


The work begins with a recording of Chávez’s voice saying: “I was like a seed which fell on hard ground,” before a female character representing the mother country takes to the stage; she later dances a pas de deux with the male dancer portraying Chávez. Throughout the work, Chávez’s voice can be heard overhead while footage of key moments from Venezuelan history and the president’s life are projected behind the dancer.

“People won’t go to see a ballet performance. They want to see their leader’s life set on stage,” said the critic Marcy Alejandra Rangel, who reviewed the piece’s debut performance. “It was both weird and emotional. On one hand you were watching Chávez as a military or a baseball player pirouetting on stage, and on the other hand you were seeing an audience rally around the memory of their late leader,” Marcy said.
So it's not the Nutcracker Suite. The statement that there is no accounting for taste holds true here, but hey, who am I to say that it's not entertaining in a highly perverse way? Given the radical devaluation of Venezuela's currency, ticket prices are appropriately dirt cheap in foreign exchange terms. How about seeing it for less than a dollar?
Tickets for Saturday’s one-off show will cost $16-$44 at the official currency rate, or $0.80-$2.30 on the black market for dollars. 

Dr. Dre's $70M USC Innovation School, Gangstas & Race

♠ Posted by Emmanuel in ,, at 11/08/2014 01:30:00 AM
Dig USC President Max Nikias trying to get down with Dre.
This is an interesting idea for innovation in higher education: is gangsta rap impresario Dr. Dre your idea of a college benefactor? He doesn't have a doctorate as his name would suggest or even a college degree, but then again, nor do Steve Jobs, Bill Gates and Mark Zuckerberg--who nonetheless gained ideas for their companies from attending college. As pop music listeners of a certain age know, the mean streets of Compton, CA were his university of life. Nor is he politically correct since he helped establish the template for gangsta rap which glorifies ostentatious displays of wealth obtained by means fair and foul, maltreatment of women, violence towards police, gang violence, drive-by shootings and the copious consumption of hallucinogenics. What sort of "higher education" does gangsta rap impart, exactly?

And so it was with great interest that I came across a WSJ article discussing the $70 million "Jimmy Iovine and and Andre Young Academy for Arts, Technology and the Business of Innovation," funded by the sale of the Dr. Dre Beats headphone brand to Apple. How gangsta rap culture has moved into the mainstream is an interesting phenomenon. Together with legendary pop producer Jimmy Iovine, they claim to reinvent innovation studies:
Iovine and Dre know about changing the game. For two and a half decades, Iovine, 61, was the head of Interscope Records (later Interscope Geffen A&M), where he helped oversee the careers of U2, Lady Gaga, Gwen Stefani and the Black Eyed Peas. Dr. Dre, 49, is a legendary producer with six Grammys and hundreds of millions in sales to his name, who has helped guide proteges such as Snoop Dogg, 50 Cent and Eminem. Together, they launched their company, Beats Electronics, in 2008, building it from a start-up headphone manufacturer with cool celebrity endorsements into a technology brand so lucrative that Apple recently paid $3 billion for it. Now Dre and Iovine are using $70 million to fund their school.

As Iovine explains it, the school is as much an investment in their own future as it is philanthropy. “We wanted to build a school that we feel is what the entertainment industry needs right now,” he says. “There’s a new kid in town, and he’s brought up on an iPad from one and a half years old. But the problem with some of the companies up north [in Silicon Valley] is that they really are culturally inept. I’ve been shocked at the different species in Northern and Southern California—we don’t even speak the same language. The kid who’s going to have an advantage in the entertainment industry today is the kid who speaks both languages: technology and liberal arts. That’s what this school is about.

“The problem with the school system is that a lot of it’s cookie-cutter,” he adds, “so what we’re trying to do is disrupt it a bit.” In other words: They’ve revolutionized hip-hop. They’ve revolutionized headphones. Now can they revolutionize college?
I. In a celebrity-obsessed age, I doubt that being a gangsta rap star is a useful credential for teaching "innovation." After all, what is so innovative about being misanthropic and misogynistic? Such attitudes have been around since the time of the cavemen. Then there are Dr. Dre Beats headphones themselves. While their bottom-heavy sound is popular with the rap crowd, they are strictly speaking not "high fidelity" electronics that advance the state of consumer electronics but marketing-heavy gimmicks. They are exactly like those boomy subwoofers on annoying cars that go to 120 dB. They are certainly L-O-U-D but quite inaccurate. If Dr. Dre is "innovative" because of something you and I can easily do by turning the "bass" knob all the way, what's next, Justin Bieber teaching marriage and family therapy at USC? He has even better credentials since he has more Twitter followers and has pics with Floyd Mayweather Jr. in them, right?

II. There is also the thorny matter of the host institution itself, the University of Southern California. The neighborhood of USC is a rough-and-tumble sort which has gained recent attention for the fatal beating of a Chinese student. (Compton is also nearby.) In response, the USC campus is being highly securitized to guard against precisely the sorts of downtrodden gangstas Dre used to rap about before "going legit." It's one thing to act white, but it's another thing to give millions to those who represent an establishment more interested in isolating USC from gangstas instead of promoting community outreach. After all, Dre's bio proudly proclaims on this school's website:
Born Andre Young in Compton, Calif., artist, producer and entrepreneur Dr. Dre began his career as a member of the World Class Wreckin’ Cru. In 1986, he co-founded N.W.A. [Niggaz Wit Attitude] and won critical and commercial acclaim with the group’s 1988 landmark rap album Straight Outta Compton. In 1992, Dre released his solo debut, the G-Funk masterpiece The Chronic, which Rolling Stone hailed as one of the greatest albums ever made. In 1993, Dre produced the solo debut of rapper Snoop Dogg, which spawned the worldwide hip-hop hit, “Gin and Juice.”
How things change when the guy who co-penned "F--k the Police" about shooting cops is now helping fund the same cops who do their best to keep brothers from the 'hood away from the USC campus. If rapping about killing law enforcers is a laudable item on the CV, why is he showering money on USC of all places which symbolizes racial divides in Los Angeles?
The questions become even more poignant in light of complaints from USC students about racial profiling occurring on campus.   During a recent campus party, the LAPD sent nearly 80 police officers in riot gear with a helicopter to break up an event that was full of African Americans.  The police were responding to noise complaints and are not known to have ever responded with this much force to a white party on campus.  Even the white students at a similar party across the street were stunned to see their fellow students in handcuffs.
The African-American community did not receive this news so well, either. What sort of precedent Dr. Dre sets is unclear. Despite his faults, Barack Obama set a positive role model in staying away from drugs and crime while working and studying hard to reach the pinnacle of American society. Dr. Dre, on the other hand, glorifies black-on-black crime, the murder of police, physical abuse of women, drug use and so forth. By taking so much of Dre's money, does USC condone the actions Dre raps about? Conversely, has Dr. Dre "sold out" to the white establishment? Having come from an academic institution that has had its name sullied by money taken from dubious sources, all I can say is that they've both been warned. As one of the rapper's most popular numbers went:

A young nigga on the warpath
And when I'm finished, it's gonna be a bloodbath
Of cops dying in LA
Yo Dre I got something to say

BTW: those interested in accurate-sounding music playback do not take Dr. Dre Beats with their boompa-boompa sound any more seriously than gangsta rap lyrics.

Watch Out, Evita: Imelda Marcos, the Musical

♠ Posted by Emmanuel in ,, at 10/20/2014 01:30:00 AM
Sometimes 2000 shoes just ain't enough.
David Byrne should be familiar to 80s music fans as the Talking Heads frontman of "Burning Down the House" fame. Together with Fatboy Slim, they have turned their 2010 double concept album Here Lies Love loosely based on the life story of Imelda Marcos into a London musical. (I've listened to the album and it's far from an audio biography of the Imeldific one's life story.) Never far away from the headlines, Mrs. Marcos recently returned to the limelight when the Philippine government seized artworks allegedly by Picasso, Gaugin and others. (She recently denied they were purchased using money looted from government coffers.)

Fortunately, the musical makes itself clear on being about Imelda Marcos by adding a number of biographical details which plot her rise from obscurity to global icon and the downfall which came. To be sure, some details do not quite ring true as you'd expect from two rich white guys envisioning what happens in a poor country, but they're close enough. I've been following the development of this musical for some time, including the casting call in Manila for additional actors. Even musicals, however, are subject to innovation: Melding Mrs. Marcos' love for disco dancing and Filipinos' penchant for Catholic religiosity was bound to have interesting consequences, and the musical seems to deliver on this front. Imagine, then, Philippine history as dancefloor extravaganza:
It takes Imelda and Ferdinand Marcos – for a while, the Asian Kennedys, then more akin to the Ceaucescus in their tyrannic corruption – from Imelda's 1950s rise from the humiliatingly poor side of a family of consequence through to the moment in 1986 when – after 14 years of Martial Law and a short entirely peaceful People Power Revolution – the couple were airlifted out of the country by US marines.  The rescue is realised here in a juddering frenzy of white light: Close Encounters crossed with a berserk parody of Pentecost. Imelda's epic partiality to shoes was only discovered subsequently (1060 is the attested number found) and it's typical of the strange, admirable rigour of the piece that its makers have forborne to make capital of the phenomenon.  
As for the political economy of it all, how does Here Lies Love compare to the benchmark for these things, Andrew Lloyd Webber's Evita? At this point there is no real standout number like "Don't Cry for Me Argentina," but the newer production may benefit from being more attuned to historical circumstance and observation of power dynamics in the rise and fall of Imelda. (Perhaps "Rose of Tacloban" gains resonance after the devastation wrought on Imelda's hometown during Typhoon Haiyan.)
The inescapable comparison is with Evita.  Here Lies Love is, to my mind, politically cannier and sharper about the queasy, telling  overlap between manipulative-diva worship on the musical and on the political stage.

And it moves to its devastating conclusion through the artfully deployed metaphor of disco – one of Imelda's passions in her spendthrift sojourns in the Big Apple.  Overhung by a vast glitterball (she had one in her New York townhouse), the Dorfman [Theatre] has been transformed into a churning, thumping miniature Studio 54.

The packed punters on the ground level are chivvied and manouevred by a live DJ and his helpers around adaptable acting areas: among them, a squatly cruciform central platform, handy for preening photo-ops
I've attended a fair number of musicals. In none of them have they asked you to, well, get up and dance. As a production in a capitalist economy, audiences are in constant need of novelty. Why not be part of a live disco act about Imelda Marcos replete with DJs in full Studio 54-style pomp? It's an intriguing concept that may herald more musicals eliciting more active audience participation.

Interesting stuff. When Mrs Marcos' days on earth come to and end, her tombstone will read, "Here Lies Love."

The Only Part of Disney Losing Money - Euro Disney

♠ Posted by Emmanuel in , at 10/07/2014 01:30:00 AM
Mona Lisas and Mad Hatters, sons of bankers, sons of lawyers.
I visited Euro Disney in 1994, two years after it opened. After informing our Parisian cab driver that we wanted to go to the new theme park, he nodded quietly, started the meter, and sped off. While a colleague checked on his current destination on the walkie-talkie, our driver chuckled while saying "Euro-disne." The cultural disdain the Frenchman had for this American affront (and the dumb tourists heading there, it must be said) was clearly palpable.

I suppose that this memory stays with me insofar as Euro Disney has been unprofitable for much of its existence. For what reason I have not really understood since it is virtually indistinguishable from any other Disney theme park in the world as far as I can tell. If they do well, then why can't Euro Disney? My memory aside, the fact is that for all the French snootiness about cultural preservation when faced with the onslaught of Americanization-as-globalization, the second-largest market for McDonalds worldwide is France. So, it cannot be a purely cultural phenomenon going on here as Walt's company engages in a debt-for-equity swap:
Walt Disney Company will inject cash into Euro Disney as part of a recapitalization plan worth about 1 billion euros, or about $1.25 billion, in hopes of improving the troubled theme park operator’s financial position. Disney, the California media and entertainment giant, will inject €420 million in cash in exchange for shares. Euro Disney’s debt will be reduced as the parent company converts about €600 million in debt into shares. Disney, which owns 40 percent of Euro Disney, will also defer certain loan payments until 2024.
For another thing, Euro Disney is hardly dependent on the French market. Remember that France is by far the world's most popular tourist destination. Partly chalk this down to a generalized European downturn, then, as bringing the family to the outskirts of Paris is one of the first things to go on the to-do list:
Euro Disney, which opened outside Paris in 1992, has struggled over the years with financial issues, mainly tied to its debt. The French company last turned an annual profit in 2008 ahead of the financial crisis, when it had an occupancy rate of over 90 percent at its resort hotels and more than 15 million visitors. Euro Disney earned €1.7 billion that year. 

It has posted an annual loss every year since then, topping €78 million for the fiscal year ending on Sept. 30, 2013. The company also has seen a severe decline in visitors in the past two years after surpassing 16 million in 2012. That year, Disney agreed to refinance €1.3 billion in debt for Euro Disney. The French company has suffered declining attendance this year, which has cut into its revenue forecasts. Euro Disney had 14.9 million visitors in 2013 but expects to have only 14.1 million to 14.2 million visitors this year.
They make business cases out of Euro Disney since its financial performance remains enigmatic until now. Meanwhile, the parent company is hardly strapped for cash so it's riding in to the rescue as it has so many times before. You have to wonder though if it may throw in the towel sometime after spending good money after bad time and again.

Jeff Koons & Hokum as America's Defining Characteristic

♠ Posted by Emmanuel in ,, at 9/23/2014 01:30:00 AM
To understand America, explain why "Orange Balloon Dog" is worth $58.4 million.
At best, Americanism is a good-natured kind of hucksterism that does not take itself too seriously and invites us to be part of an inside joke of grand proportions. ("Can you believe our largest media conglomerate was built on the image of a common household pest?") At worst, Americanism is an ill-natured kind of hypocrisy that takes itself too seriously in attempting to tell the rest of us how superior the United States is despite its patently obvious contradictions.

The above paragraph sounds pretty good as a summation of America to those not drinking USA#1 Kool-Aid, doesn't it? Once again reinforcing my idea that nobody has a monopoly on insight or understanding of American preponderance at the beginning of the 21st century, I simply paraphrased  critic Howard Halle discussing a retrospective exhibition by artist Jeff Koons. (I came across this article while thinking about buying an accompanying book on his work before ultimately deciding against doing so. It was, alas, overpriced and undersized IMHO.) Unless you've been hiding under a rock, Koons is among the most famous pop artists of recent years, sort of a son-of-Warhol if the backlash wasn't so great.

In many ways, Koons embodies the contradiction which is the United States as it attempts to balance culture and commerce, art and artifice:
If I had to sum up American history in a word, I wouldn’t use racism, though obviously that’s a biggie. I’d pick hokum. I put it right up there with liberty, as in “life, liberty and the pursuit of happiness,” a passage which itself could be taken for hokum, written as it was by a man who owned slaves [Thomas Jefferson].

However, I don’t mean the term as it’s generally construed, i.e. bullshit. I refer to this definition: “A device used (as by showmen) to evoke a desired audience response.” As embodied by the oratorical sleight of hand that has sold Americans on everything from snake oil to unprovoked war in Iraq, hokum provides the filling for our proverbial apple pie, baked into such rhetoric as “manifest destiny,” “the lost cause” and “morning in America.” Hokum is also why I think Jeff Koons is the quintessential American artist: His work is a concrete expression of the idea.
But wait, it gets better...
Koons in now the subject of an exercise in overkill that trots out nearly his entire career: The vacuum cleaners entombed in fluorescently lit Plexiglas cases; the basketballs eerily submerged in fish tanks; the inflatable toys, tchotchkes, Hummel-style figurines and copies of antiquities, minted in bright reflective steel or carved in wood and granite; the insipid pop-mélange paintings; and most oddly of all, the depictions of himself in flagrante with his former wife, Ilona Staller, the adult film star known as Ciccolina.

The pieces display an undeniable genius for grabbing your attention (and given the narcissistic appeal of so many mirrored surfaces, how could they not?) but never for very long. Especially with the more recent stuff, your gaze flits from one piece of eye candy to another without much sinking in. Seeing the work en masse only exposes the void at the center of his enterprise, as well as his pretense to populism.
His larger point is that Americans aren't really trying tp put one over you as many (like myself) routinely suspect. Rather, they have literally drunk the Kool-Aid in buying into the very same shtick they want to sell to the rest of us:
But the exhibit does reveal something much more interesting: Koons isn’t a charlatan as some would have it; rather, he transforms charlatanism into high art.  [What a fantastic point if you apply the same idea to America itself.]

Collapsing the distance between innocence and guile, Koons is both the grifter and the mark, the stage illusionist and the person in the front row. His output could be read as an unpacking of how conviction is fabricated—a process best summed up by George’s Talmudic advice to Jerry for foiling the polygraph in Seinfeld: “Just remember, it’s not a lie if you believe it.”
Ultimately Halle gives Koons' exhibit 2/5 stars. When Pax Americana has well and truly bitten the dust, I suspect future civilizations will give it a mark somewhere in the same ballpark as far as its contributions to humanity are concerned. You take the good with the bad; be thankful for the former and try to minimize the latter:
I describe Koons above as the quintessential American artist, but it should be noted that American in his case pertains to a particular version of the country, one on which the sun is clearly setting, yet one also struggling—violently at times—to stay in charge. Koons’s aesthetic dovetails neatly with this reactionary climate, much like the 19th-century academic painters before modernism swept their reputations out to sea. It would require a revolution on the same order to consign Koons and his art to a similar fate. But that change seems a long way off.

Singapore and the Demoncracy [sic] of Political Freedom

♠ Posted by Emmanuel in ,, at 8/04/2014 01:30:00 AM
Ah, independent Singapore: a Lee-controlled city-state with a brief Goh Chok Tong intermission. I call it the "Medvedevian Interlude." Harry Lee Kuan Yew is famous for his "Asian Values" argument that the natural mode of governance in Asian countries is authoritarianism due to cultural factors unique to the region. Confucianism and all that. This argument has been endlessly debated--see, for instance, Amartya Sen's criticism of the whole idea.

While visiting Singapore on a recent trip, a former student of mine with something of an authoritarian streak took a photo of an advertising hoarding (the British term for a billboard) that to me best sums up the Lee family line on democracy if they had a sense of humor: "DEMONCRACY NOW: The region's most TERRIFYING event is back." Adding to the hilarity, if you go to the website listed in the hoarding, it further advises us that this Universal Studios attraction features "The Ministry of Evil." Aaaigh...elections [!]...real opposition parties [!!]...that actually win elections in heavily gerrymandered Singapore [!!!] The sheer horror is too much to contemplate.

I guess in tightly-controlled Singapore where Lee the Elder and latterly Lee the Younger have sued any and all media outlets who have dared criticize them with defamation suits, your digs have to be subtle ;-) While I would appreciate the notoriety of being sued by the Lees, I'm afraid I've said nothing remotely defamatory here. Universal Studios may be hearing from the Lees, soon, however.


Shakira, the Yoko Ono of Spanish Football

♠ Posted by Emmanuel in ,, at 6/21/2014 02:00:00 AM
Shakira killed Gerard Pique and Spain's double fantasy for a World Cup repeat.
[Apologies for this post not concerning IPE all that much, but it is definitely international and affects the reputation of the greatest footballing nation in recent times. Besides, it's the weekend.] Following its 5-1 drubbing at the hands of the Netherlands, Spain lost its second game 2-0 to a hungry and inspired Chilean side. Now, the reasons for Spain's decline have been endlessly rehearsed over the past few days and they all can't be ignored: Barcelona FC's decline mirrors Spain's decline. The Spanish team is now too old. Spanish tactics are by now predictable and the lack of surprise fools nobody. And so on and so forth.

This being the World Cup, though, I have another, more entertainingly plausible hypothesis about Spain's unprecedented two losses in a row at the start of a defending campaign: it's the fault of Colombian megastar Shakira. Sure she sang the catchy 2010 World Cup song, but let's just say that her other sporting involvements have not been as profitable. When Barcelona FC and Spanish national team center back Gerard Pique famously paired with her, it was all downhill for his career as he became fat, dumb and happy--like the Americans he grew increasingly fond of being around:
Pique's problems began in Pep Guardiola's final season at Barcelona. PG and GP enjoyed an excellent relationship initially, but the coach grew frustrated at his player's attitude towards training and conditioning. As the defender's relationship with Shakira grew, so too did his waistline: Pique fell in love with one of the world's most glamorous singers - and fell out of love with the beautiful game.

Guardiola tried everything to get Pique back on board, but was increasingly irked by the player's irresponsibility off the pitch: Gerard and Shakira posted pictures of them white-water rafting - an activity strictly forbidden in the player's contract at Camp Nou. That was in the summer of 2011, and during the winter break, the two shared some snaps of them jet-skiing in Miami. That, too, was supposed to be off-limits.
Barcelona FC famously sicced private investigators on Guardiola's behalf to monitor their wayward center back as he wanted to live the glamorous life:
Pep, although a media-friendly coach, hoped his players would shun the spotlight and was concerned at Pique's priorities - especially as the defender was flouting the rules on his holidays. Gerard also incurred the wrath of his boss by leaving his car parked in a bus lane in central Barcelona with the door open ahead of a crucial Champions League trip to Bayer Leverkusen. On and off the pitch, he was becoming far too distracted.

It has since emerged that Guardiola hired private detectives to spy on the defender in a desperate attempt to learn the full extent of his off-field behaviour and, in that final season under Pep, Pique played just 22 times in La Liga and only five games in the Champions League.
Never the quickest center back in an increasingly high-tempo game, Pique looked totally out of sorts in the Netherlands game and was dropped to the bench for the Chile game. Not that it did much to help Spain's prospects, but it's kind of shameful to be washed up at the age of 27. Without a reliable central defender, Sergio Ramos notwithstanding, Spain's prospects went the way of the dodo.

Yoko Ono is famously known as the woman who allegedly broke up the Beatles, the greatest rock group of them all. In the same manner, Shakira probably cannot escape blame as the woman who destroyed Spanish footballing dominance, incredibly having won the 2008 and 2012 European championships and the 2010 World Cup to boot.

Nowadays, I guess the only thing underneath Pique's clothes is...a big gut.

Bet on Asia? How Macau Stomps Puny Las Vegas

♠ Posted by Emmanuel in , at 1/29/2014 02:00:00 PM
I did not fully appreciate how well and truly Las Vegas has been eclipsed by Macau. 2006 was the year Macau overtook Las Vegas in gambling revenues. Perhaps reflecting the dour, sour mood of a has-been nation experiencing the overwhelming misery wrought by the BushBama years, Las Vegas has gone nowhere since. However, Macau is going from strength to strength. From crackdowns on free-spending PRC officials siphoning government funds to gamble in Macau to an induced slowdown in growth on the mainland, it doesn't matter. Indeed, the worry is not about Macau losing paying customers, but not having enough facilities to welcome them:
Analysts expect Macau, the only place in China where casino gambling is legal, to widen its lead this year on the Las Vegas Strip, whose revenue was likely only about one-seventh of Macau's in 2013. Deutsche Bank analyst Karen Tang forecasts the territory's gambling revenue will grow by 20% in 2014. Aaron Fischer, an analyst at brokerage CLSA, predicts it will hit $77 billion by 2017. That compares with 360.7 billion patacas ($45.2 billion) in 2013. December's revenue totaled 33.46 billion patacas, also up 19% year to year, according to data from Macau's Gaming Inspection and Coordination Bureau.

In 2012, Macau's gambling revenue rose 14%. Investors in Macau casino stocks have profited handsomely thanks to the tremendous growth. Over the past year, top performers included Nasdaq-listed Melco Crown Entertainment Ltd. as well as Hong Kong-listed MGM China Holdings Ltd. and Galaxy Entertainment Group Ltd. , whose share prices all more than doubled. Each of those companies, along with Las Vegas Sands Corp. and Wynn Resorts Ltd. of the U.S. and SJM Holdings Ltd. of Hong Kong, is investing billions more in expansion projects in Macau, betting that the phenomenal growth over the past decade or so won't fizzle.

Many analysts remain bullish on the sector, which has been among the region's best performers for years, but investment concerns include issues such as Macau's limited hotel-room growth in the near term, delays on major infrastructure projects, and labor shortages amid a building boom, says Morgan Stanley analyst Praveen Choudhary.
In terms of gambling revenue, there is simply no contest as Las Vegas is a pipsqueak in comparison. To make a tennis comparison prior to the 2014 Australian Open (the sport is popular with gamblers), it's a Rafael Nadal versus Stanislas Wawrinka story. Las Vegas revenues were a puny 1/7th of Macau's. I thought it was a typo, but no. The big spenders are in the Orient; small fry go to Vegas. It's a microcosm of their nation's respective trajectories:
Las Vegas has been struggling to recover since the financial crisis, which left the vaunted Las Vegas Strip littered with abandoned, multibillion-dollar casino projects. For example, the Fontainebleau resort, which was supposed to have 4,000 rooms, halted construction and sold off all its furniture after falling into bankruptcy protection in 2009 as the economy sank. For 2013, analysts expect the Strip's revenue edged up 3% to $6.4 billion from $6.2 billion. Las Vegas represents about 10% of the U.S. gambling market, according to a 2011 report by PriceWaterhouseCoopers.
What's more, octogenarian billionaire Lui Che-Woo momentarily eclipsed Hong Kong's Li Ka-Shing as Asia's wealthiest person on the back of Macau's booming economy--it places either as first or second fastest-growing (after Mongolia) worldwide:
Lui Che-Woo, founder of casino operator Galaxy Entertainment Group Ltd., remained Asia’s second-richest person yesterday, trailing only Hong Kong real estate investor Li Ka-Shing, according to the Bloomberg Billionaires Index. The gambling mogul’s net worth had risen $2.9 billion this year to $23.7 billion as of 5:30 p.m. yesterday in New York. Li has a $29.5 billion fortune and has been the richest in the region since April 9, 2012, when he passed Indian billionaire Mukesh Ambani.

Lui’s wealth is anchored by his family’s 51 percent stake in Galaxy, Asia’s third-largest casino operator by revenue. The company’s shares rose 129 percent last year as gaming revenue in Macau, the only city in China where casinos are legal, climbed 18.6 percent to $45.2 billion. Gamblers converged on the island’s biggest plot of land in Cotai, Asia’s version of the Las Vegas Strip and home of Lui’s biggest casino, Galaxy Macau.
Of course, all the Strip's bigwigs have set up shop in greener pastures--Sheldon Anderson, Steve Wynn, you name it. What sort of idiot would bet on America circa 2014? Not Steve Wynn. To paraphrase the old tagline, what economic misery happens Stateside stays in Vegas. The irony is not lost that Las Vegas' revenues are flatlining just as it has become the United States' fastest-growing city population-wise. That so many Yanquis are flocking to this faded gambling destination speaks volumes about how it's even more miserable elsewhere in America.  Fortunately, there are much more happenin' places elsewhere in the globe.