I’ve followed this story with some delight. Apparently Michael Lewis, who wrote The Big Short, has been trailing FTX guy Sam Bankman-Fried around, so we’ll certainly get a kick-ass film out of it someday. Among many, many remarkable facets to the tale is that the crypto market has supposedly lost $2 trillion of valuation this year… and Wall Street has barely flinched.
When Sequoia Capital – allegedly the most intelligent venture capital firm – invested $210 million in FTX last year, it asked to see financial reports and instead was told “we’ll send you a few bullet points.” It’s traditional when investing that much into a firm to have someone on the board, but Bankman-Fried wouldn’t let anyone on the board of directors, which was him, an attorney, and an FTX employee.
For a company “worth” $32 billion at one point.
Zero oversight! What could go wrong?
I’ve followed developing news with Patrick Redford of Defector, who is typically hilarious. But there are several excellent reporters and twitter feeds. Ed Zitron on Twitter is great.
Here, a professor of finance at King’s College splains it to us. He keeps showing photos of Phil Spector for Sam Bankman-Fried, so gotta respect his game:
This video is only concerned with the artists who contributed to Mad in it’s first two decades – even if some of them carried on for longer. I’ve got nothing against those who came later but I’m selfishly only dealing with the ones who inspired and influenced me as I grew up. They taught me more than 4 years of college ever did. Apparently in the early Kurtzman comic years Mad was printed in colour, although all the examples I found were black and white only, and according to a particularly grumpy viewer Dave Berg didn’t die until 2002. Mea culpa.
If Pistol, Danny Boyle’s recent TV series, was the story of a rock band, then this collection is the story of an idea: a collaborative multimedia art project in which Reid and McLaren, who met at Croydon art school, were at least as significant as Johnny Rotten and Sid Vicious. “They all brought their own unique visions and the Sex Pistols was the pot that everyone threw everything into,” Stolper says. Many of the images, ostensibly created to promote gigs and records, hold up as artworks in their own right. You could see them without having heard a note of the Sex Pistols’ music and know that they represented a radically significant moment in British youth culture. “This is all at the service of something else,” Wilson says, “and working out what that something else is is the intriguing part of it.”
I was reminded of this today and felt it needed a reposting. As the story goes, I first saw this issue of MAD at my friend Geoff’s house when we were in the third grade. I was a sensitive, sheltered kid, and remember feeling nauseated after reading MAD’s “Punk Rock Group” of the Year. Punching fans! Vomiting and urinating onstage! Self-mutilation!
But a few years later, when I actually got into punk in middle school, I spent an inordinate amount of time looking for it at Memphis Comics and Records. (I never had any success, mostly because I only had a rough timeframe for when that issue would have been published, and no Internet to assist me.)
I did, however, finally find it when my in-laws gave me every issue of MAD on CD one Christmas. These days, I’m positively obnoxious about reposting it.
BONUS: Here’s an interview with artist Harry North.
I’m only about a third of the way through but I’m digging it so far. Man, I miss record stores …
Everyone thinks they know what killed Tower Records: The Internet. But that’s not the story. “All Things Must Pass” examines this iconic company’s explosive trajectory, tragic demise, and legacy forged by its rebellious founder Russ Solomon.
I found a first pressing at Shangri-La and forgot how great this album is! The lineup for this release is Jack (Oblivian) Yarber, Scott Bomar, Subteen John Bonds, and John Whittemore. Released on Sympathy for the Record Industry in the year of our Lord 2000.