Book review: “The End of Wall Street” by Roger Lowenstein

I just finished my latest library book, The End of Wall Street, by Roger Lowenstein. I would describe this book as a good medium-level description of the economic factors that led to the financial crisis of 2008. The author does a good job of not getting bogged down in the boring mathematical details (it’s short—only 358 pages, after all), while steering away from becoming such a high-level description that it’s inaccurate or un-informative. The focus is on the motivations of the major actors, and the policies that brought about the crisis of 2008.

While the author criticizes the laissez-faire policies and regulatory practices that brought about 2008, it’s pretty balanced, based in evidence and well-cited facts, and he never becomes preachy. He’s critical, but then, given what happened, it would be difficult (and probably inaccurate) to be otherwise while writing about this material.

If you’re like me, you’ll need to keep a sticky note handy where you can write the meanings of acronyms you come across. (Wait, what’s a CDO again?) The book is fairly quick-paced, and even though I don’t have any formal training economics, I was glad to have read it.

This happens every single time I write a blog post on WordPress

Has this happened to anyone else? I swear, it happens every single time I try to write a blog post on WordPress.

  1. Type most of a paragraph
  2. Try to switch to another tab by pressing command-2 or another number
  3. The WordPress text editor interprets that to mean, “Convert this paragraph to a level-2 heading”
  4. I press command-Z to undo the accidental formatting
  5. The WordPress text editor interprets that to mean, “Undo the accidental formatting as well as the last 30 seconds of typing”
  6. I try pushing command-shift-Z to redo it
  7. Command-shift-Z does nothing
  8. Angrily re-type what I already typed, 30 seconds ago

It’s pretty standard across browsers that the keyboard shortcut command-[1–9] selects the [1-9]th open tab in that browser window. This is a bug, not a feature.

How doing your taxes is like a singularity

One of the main projects of the natural sciences is to try to formalise complex physical systems in such a way that they can be used to make predictions about the future. For example, if you apply a force of x N to an object of mass y kg on a frictionless surface in a vacuum, the object in question will achieve a certain acceleration (x/y), and this will happen with predictable regularity. The discovery of such laws is one of the great aims of science, and some of the highest triumphs of the scientific age can be expressed in these terms.

In the natural sciences, the word “singularity” is used to refer to a point in a physical system after which the behaviour of the system cannot possibly be predicted. Stephen Hawking describes a singularity like a point in space-time where what follows “will not depend on anything that may have happened before.”

I feel like this accurately describes certain bureaucratic experiences I have encountered. Let’s take doing one’s taxes as an example. I feel like every year at tax time, something surprising and terrible happens, and I can never predict what. A year ago, I went in to get my taxes done by someone, and I figured I would get a generous amount of money back, as I did the year before. My personal financial situation didn’t change very drastically, I was still a student, and so I figured that at the least I would break even.

That didn’t turn out to be the case. I had to go to my financial institution and send a hefty cheque to the government. The explanation offered by the person doing my taxes was something along the lines of, “Well, you made a bit more money in the year previous, which triggered a whole lot of tax benefits, which resulted in a refund.”

I accepted that explanation, even though it doesn’t make too much sense on the surface. I would have thought that people who make more money would have to pay more tax, but that might just be me being naïve. These days, I’m convinced that there really is no way to predict beforehand what will happen, come tax-time. I’m pretty sure that even if you were to somehow produce a micro-physical duplicate of myself, with an identical financial history, we would both come out of the accountant’s office with a different result on our taxes.

So this year, I’m going into it entirely agnostic about what the outcome will be. If anyone asks if I’m expecting a big tax refund, I will explain to them that no one can know what will happen on the other side of the singularity that is doing one’s taxes.

Here are some other things that also constitute bureaucratic singularities:

Can you think of any other ones?

Super creepy Ananas

Creepy Ananas
Creepy Ananas

Since my sister’s move to Montréal, she watched a lot of Téléfrançais. In an effort to keep up with her level of French, I have been watching it as well. Téléfrançais is an educational TV show designed to teach French to elementary school students. It stars a talking pineapple named “Ananas.”

Inspired by Téléfrançais, I have been working on a digitally remastered version of Ananas in Blender. Tonight I did a little camera tracking test and put Ananas on the kitchen table with my sister and boyfriend. It turned out okay. Click the thumbnail of the image attached to this post to see an animated GIF of Ananas waving at you creepily.

I feel like this creepiness is definitely in keeping with the spirit of Téléfrançais. Next up, time to do some writing. I’m not planning a feature-length film, but perhaps a (series of) short film(s)?

New house

Sesame Street Colour Collection
Sesame Street Colour Collection

In December of 2012, Alain and I became home-owners for the first time ever. Montreal is one of the few big cities left with reasonably affordable housing.

The house has everything we wanted, and even a few things we didn’t know that we would want. It has a garage, which is great for snowy Montréal winters. It also has a big beautiful back yard with gardens all around. The house is 4 minutes by foot from the métro, and it’s sort of near the Olympic Stadium.

There are two things that we really plan to change about the house: The tile floors in the front hallway and the kitchen need to go, and we’d like to renovate the bathroom. It’s fine, but it isn’t beautiful. Also, the bathtub is kinda shallow.

Cookie Monster paint colours
Cookie Monster paint colours

The previous owner of the house had made some questionable decorating choices, and so when we moved in, painting was in order. When we went to the hardware store to find books of paint samples, one in particular caught our eye: The Sesame Street Colour Collection (see the first image attached to this post). My little sister wanted her room to be coloured “Cookie Monster,” so we painted her room a nice calm light blue with a cream-coloured stripe along the middle. She has darker blue curtains for her window, and we plan to find some pots to paint dark blue and put googly eyes on.

Ernie and Bert paint colours
Ernie and Bert paint colours

As for me and Alain, we really didn’t have a choice when we saw that there was a “Bert and Ernie” theme. This turned out to be a lot of work, although the official story is that the whole paint-job took 20 minutes. When it was half-way done, I was a little worried about how it would look when it was finished, but then by the end, it  turned out much better than I had anticipated. The doors to the bedroom have orange translucent glass panels in them, which happened to work with the orange lines in the paint—not by design, but purely by accident. You can see in the video below the way that the paint looked when the green masking tape was still on the walls.

Catch-22 in mental health: An open letter to Andrew Williams, CEO of Stratford General Hospital and Randy Pettapiece, MPP

Dear Andrew Williams and Randy Pettapiece,

Recently, my father was hospitalised for schizophrenia in the psychiatric ward at the Stratford General Hospital. This was good news. It was a welcome change after months of increasingly abusive and dangerous behaviour on his part that affected the entire family. Not only was he suffering from disordered thoughts and paranoid delusions, he lost his impulse control with regard to money (and some other things as well). Due to his condition he lacks the ability to deal with his own finances. He was admitted to the Stratford General Hospital and shortly thereafter, a medical tribunal determined that he was not competent to make his own medical decisions. My mother was assigned to be his medical decision-maker and power of attorney.

Yesterday, we found out that some unscrupulous lawyer visited the Stratford General Hospital to arrange the papers so that my dad could transfer his medical decision-making and power of attorney away from my mother, and give it to another patient on the psychiatric ward. As far as we know, this other patient is just some guy that my dad met less than two weeks ago when he was admitted. The name sounds made-up, though, so for all we know, it’s not his real name. This “other patient” could even be a delusion of my dad’s.

Needless to say, we were upset.

We contacted the lawyer to ask him what he thought he was doing. He said he didn’t do anything—that it was my dad who made it happen, and that he had training to determine when someone was competent to make such decisions. We will be inquiring about what legal options we have against this individual.

When we told our own lawyer about the problem, his administrative assistant broke out laughing, because it was such a ridiculous turn of affairs. He advised us to get a letter from dad’s psychiatrist, and on the basis of such a letter, it would be possible to have this transfer of power of attorney reversed. This seemed reasonable. On contacting the doctor, we were told that he could not release such a letter, since my dad has requested that his medical information not be shared with us (one of his paranoid delusions is that we’re out to get him), and my mother no longer had her status as his medical decision-maker and power of attorney.

In the face of this Catch-22, we’re not sure what to do next. As of today, the doctors at the Stratford General are still refusing to provide a letter indicating my dad’s condition, because they are afraid of being sued.

I’d like to emphasise at this point that the unscrupulous lawyer got paid for what he did. Paid with money. He came in to the locked ward of the Stratford General and walked out substantially richer, thanks to money he took from a person who was determined by a medical tribunal to be incapable of making his own medical decisions.

If someone walked into a hospital and found an old woman with dementia and exploited her condition for his own financial gain and gave her nothing in return, that conduct would be reprehensible, but it still wouldn’t be as bad as what this lawyer did to my dad yesterday. Not only did he take money from someone whose mental condition renders him incompetent to handle his own financial affairs, but he made it a thousand times harder for us to get my dad back on his meds to stop the paranoia and abuse.

So, Andrew Williams: When do your doctors plan on doing the right thing for their patient and his family?

Yours angrily,

Benjamin Carlisle

(Edit 21h00—the original version had more cursing, but as my friend advised, “Try not to swear so that your interlocutor doesn’t have an excuse to dismiss you.”)

McGill wins the Canada Cup again—surprise ending this time

For the second year in a row, McGill University left the Canada Cup as the national champions in the sport of quidditch. For the record, there have only ever been 2 Canada Cups. There were some really intense and close games—ones that were too close to call until the final snitch grab—which made them very exciting to watch.

I went to the Cup this year as one of the golden snitches. This tournament was remarkable for a couple reasons. First off, it was very well organised. I can honestly say that I haven’t been to any tournament that was better-run than this one. The weather was ideal: brisk and sunny. The grounds were perfect for off-field snitching: a million places to hide. It was great. Also, there were about a million snitches, too. Almost every quidditch tournament I’ve been to has been lacking in snitches, and this one had an overabundance.

This was why I felt so honoured to be able to snitch for the consolation match (the match to determine 3rd and 4th place). I didn’t want to snitch the finals, since McGill was playing, and I just don’t want questions like, “did you let the McGill seeker catch you?”

The consolation match ended up going later than the final match, and I enlisted some of my McGill snitch friends to engage in some on-field mischief.

When I came back to the field, the score was 30-0, which meant that the snitch-catch tied the game. It’s sometimes said in quidditch that the only player who’s guaranteed to lose every match is the golden snitch. Tonight I made history, because the only possible exception is that of a tied game: When a game is tied, it goes into overtime in which the snitch does not leave the field, and at the end, the team with the most points wins. Overtime ends after a period of 5 minutes or by a snitch-catch. The five-minutes of overtime came and went, and by the end of it, I hadn’t been caught.

Carleton, the team that won, hoisted me up on their shoulders. I won the game! As the golden snitch! This almost never happens. It was the perfect conclusion to a fantastic tournament: my team won (congrats McGill!) and I won too!

Borrowing e-books from the library

I’m currently reading The Handmaid’s Tale by Margaret Atwood. I borrowed the e-book from the Québec National Library. Just the process of borrowing an e-book has been fascinating. When an e-book is borrowed from the library, it is no longer available for other users to borrow, because the library uses a particular kind of DRM software.

This is interesting to me because traditional borrowing of library books had the “scarcity” of the books (and thus the protection of the author/publisher’s rights) built-in to the “hardware” itself. That is to say, by the nature of the physical book itself, two people could not be borrowing it from the library at the same time.

This is manifestly not true of digital materials. Much to the chagrin of publishers of all types, it’s difficult to stop people from sharing media if it’s digital, and in fact it takes a good deal of effort to stop people from doing so, while still allowing for legitimate uses of the media in question.

I’m 67% of the way through, and I’ve come across a couple typos. Nothing major—nothing that changes the content of the book, or even makes it much more difficult to read. I don’t know why, but I can’t resist keeping a record of when I find typos.

  • “It isn’t the sort ofthing you ask questions about …” p. 29
  • “I press my hands against the sides of my thighs, breath in, set out along the hall …” p. 142

Maybe I’m reading too much between the lines here, but when I saw these typos, I started thinking about maps. Stay with me, here. I don’t know if it’s actually true, but it used to be said that map-makers would put fake streets—small ones that no one would notice—into their maps, so that if someone copied their work, they would know that it was copied.

I’m sure it’s possible to find software that will strip an e-book of its DRM, and so I wonder if these typos are like that—little “fake streets” that the publisher has inserted into the e-book, so that if it’s copied, they’ll know. If they were sophisticated about it, they could probably even make up a way of encoding which library and even which user stripped the DRM by inserting particular “typos” into the borrowed e-book.

So here’s my question for all you Margaret Atwood fans out there: Does anyone have a physical copy of The Handmaid’s Tale? If you do, can you tell me if the typos are there in your copy? Also, does anyone else feel like borrowing the e-book from the library to see if the typos are there (or in the same place)?

Side-note: How long before we drop the hyphen from “e-book” and “e-reader” the way we dropped the hyphen from e-mail?

Review of the Kobo Touch e-reader

I recently bought a Kobo Touch, which is not a new piece of technology. Here, I review it anyway, since it’s new to me. I’ll start with the negative and work my way to the positive.

For the non-initiates out there, a Kobo is an “e-reader.” That means it’s a handheld piece of electronics for consuming media—mostly books/magazines/things that would have otherwise been print media. A Kindle is also an e-reader, but made by a different company. I refuse to get a Kindle because of the sorts of things that Amazon does to customers who own Kindles. You could also put the iPad into this category, but it’s more of a tablet than an e-reader, I think. Anyway, a Kobo is a kind of e-reader that doesn’t have a back-lit display.

Things that the Kobo doesn’t do well

  • PDF documents—if the PDF wasn’t formatted for a Kobo or something, you’ll have to zoom and scroll all over, which will get really annoying really fast.
  • Apps—if you want to play games, don’t get a Kobo. You will be disappointed. It doesn’t do apps at all. There’s sort of an app where you can draw with your finger, but it is terrible.
  • Web browsing—there is a browser. No, don’t try it. You’ll be happy you didn’t.
  • Social integration—it keeps trying to post things to my Facebook. I really don’t like Facebook all that much. I would actually be okay if it offered to tweet things, but there’s no Twitter integration on the Kobo.
  • Annotations—entering text using the touch keyboard on a Kobo is slow, inaccurate and frustrating. Highlighting text is similarly difficult, but not as bad as annotating. Selecting text takes a while, and it sometimes can’t figure out where your finger is on the screen.
  • Discoverability of features—it took me a long time to figure out that I can bookmark a page by just tapping the top-right corner of a page. I’m still not sure if there’s a way to know how many pages in a book on my Kobo.
  • Buying books from the Kobo store sucks. It sucks pretty bad. It’s hard to browse for books on the Kobo e-reader, so I tried finding a book on the website and adding it to my “wishlist” so I could buy it. But it turns out that my wishlist doesn’t sync between my Kobo e-reader, the Kobo web store and the Kobo desktop app. Not only that, but it’s hard to get things onto your wishlist from the desktop app in the first place. This is something I hope they figure out soon, because it’s a fairly essential part of their business model—getting people to pay for their content.

Things that the Kobo does really well

  • It’s excellent for reading in direct sunlight. Due to the nature of the e-ink screen, the Kobo is perfect for reading outdoors. I have tested this extensively in the park near my house this summer. It’s wonderful, and it’s something that you can’t really do with an iPad.
  • Further, the Kobo doesn’t cause much eye strain. first off, the Kobo formats EPUB books so that the text is a nice size for reading. Also, the e-ink screen has no back-light, so it’s way easier on the eyes. Reading from a Kobo screen is really no more tiring than reading from a book.
  • There are lots of free books. this is not exclusive to the Kobo. Come to think of it, I always had access to these free books through Project Gutenberg, which you should check out if you haven’t yet. There are thousands of free books to be downloaded. These are largely classic works of literature whose copyright has expired, putting them in the Public Domain. But really, I never read these books before I had an e-reader, because it sucks to sit in front of a computer screen and read, even a laptop.
  • It’s “tossable.” I feel like I can throw it across the room, shove it in my bag, etc. There’s no glass screen, and it’s not very heavy. I feel like if I dropped it, it’s not heavy enough to break itself when it hits the floor.
  • Last thing is battery life, which I regard to be one of the biggest assets of the Kobo. I charged my Kobo for the first time on Tuesday July 24, 2012. Since then, I had the wifi turned off, except on three occasions during which I downloaded new books. It has now been just over four weeks since the last charge, and the battery indicator is around the one-quarter mark.
    To give you an idea of how much use I made of the Kobo during that time, I used it at least twice a day, every day, having taken up the habit of reading while using the stationary bicycle at the gym, and reading before bed each night. And because it was something new and shiny, I used it much more than that, just out of novelty, at the beginning of its life.

Overall assessment

All in all, I’m pretty happy with the thing. It was a fraction of the price of an iPad, and for reading books, at least, I think it does a better job. I’m enjoying it thoroughly and I’ve got about a million books I plan to read on it. Well, no more than 1 GB at a time, anyway.

Semantic video indexing app

The newest version of Mac OS, called “Mountain Lion,” includes “Dictation,” which is a piece of system software that takes speech and converts it to text. This is nothing new, of course. I remember that I had a piece of dictation software for my old Windows 98 PC. You had to “train” the software to understand what you said, and even then it was wildly inaccurate, but in principle, this sort of software has existed for a long time. Dictation on Mac OS is much better than the one I had back in 1998, but of course it is not perfect.

That particular piece of software I had on my PC was not built in to the operating system. I had to pay for it. Not only that, but because it didn’t work very well, I never got another dictation programme again. But now that this one is built into the OS, I think I’m going to try an experiment.

Here’s my inspiration: In Star Trek, every character keeps a “log,” and because it’s the future, it’s an audio log. In The Next Generation, they were often shown as video (b)logs. Sometimes, in order to advance the plot, a character would be shown searching through his own (or another person’s) logs. What was interesting was that the search would usually be a semantic keyword search. Something like, “Computer, show me all log entries relating to the warp core” (or whatever they were interested in at the time). With dictation software now a standard feature in OS X, we’re at a point where we could write an app that does exactly what the computer did in Star Trek.

The workflow will be as follows: Take a video (or a set of videos) that you’re interested in, and extract the audio. Divide the one big audio file into hundreds of smaller (say, ten-second-long), overlapping audio files that are annotated with their start time in the original video. For each of these smaller files, pass them through the dictation software and generate a text file that includes the text that has been generated by the system’s text-to-speech dictation software. And voilà, you have generated a time-encoded text index for your video—just like the one on YouTube, but you wouldn’t have to upload the file.

Wrap this all up in a shiny OS X app wrapping and put it on the App Store. Sell it for $0.99.

Then, if you had a bunch of videos—say, seasons 5–6 of Doctor Who, and you wanted to find all references to “the Silence,” you could install the app, have it index your iTunes library, and then do a search through your videos for certain keywords or phrases.

Actually, this might work. If anyone wants to collaborate with me on this one, hit me up in the comments.

Edit: I take it back. A quick experiment with Dictation indicates that we are nowhere near having the technology to be able to do this.