The 5% Factor in Finance  

I had a conversation with my former financial advisor when the markets were crashing back in ‘08. I asked him to give me an estimate, his best, ostensibly educated guess when the market might turn around or at least stabilize. He assured me it would be soon. The credit default scandal had already been exposed. Real estate foreclosures had been assessed and the projected losses factored in to financial projections. The fact is, he offered with conviction, in any industry one had to account for a certain amount of corruption. Maybe 5% of the people in any given field were evil. The evil had now been weeded out and the markets would bounce back to its mean of 8 to 10% growth or better annually very soon.

Turns out, evil abounds in the financial industry. From Bernie Madoff to AIG to JP Morgan Chase and their corporate cronies with 7, 8 figure bonuses; to banks and mortgage brokers hording stimulus funds, my advisor had to be grossly low on his 5% estimate of evil in finance.

According to forensic psychologist and author Robert Hare, it is possible, even likely, that the percentage of evil is greater in the financial industry than most any other field. Money attracts greedy people. Those who choose a career pursuing money, instead of building, inventing, engineering, teaching, are generally looking for what they can get from society instead of what they can give to it. In Snakes in Suits, Mr. Hare claims at least 10% of all those in finance are psychopaths.

The 5% (or more) who callously exploit the rest of us is what makes the free-market system they purport a myth. That 5% evil controls 95% of the financial markets of the world. The enormous scale of capital they play with has proven to collapse economies, robbing millions of their life savings, their jobs, their homes.

Most of us put our earnings in the bank or the market and hope our savings will go up. We depend on those in charge of most everyone’s money to know what they’re doing and manage the money we entrust to them wisely. Most of us don’t have the time or inclination for in-depth study and monitoring of the markets. Even if we did, it is rarely possible to get an intimate and transparent view inside most corporations. We rely on our government to monitor the SEC and avoid financial catastrophes. The Bush administration is an example of what happens when they don’t.

A ‘free-market’ system strives to maintain very few restrictions, touting supply and demand will regulate economics. And though this is a lovely idea, like communism, it doesn’t work in the real world. The economy collapses when demand is only from the [wealthy] 1% of the population that can afford anything. Public companies with no limits on growth, minimal regulations, limited liability and lack of transparency virtually inviteexploitation by the small, but none the less formidable percentage of evil. Our ‘free-market’ invariably becomes controlled by a small minority who represent only their own interests. This corrupts the entire society by shifting the balance of power to a handful of narcissists, if not out and out psychopaths, as Robert Hare claims.

Republicans and conservatives threaten socialism if the government regulates the markets beyond ‘protection of property and against force or fraud.’ But everyone pays the price for the 5% that continually redefine the term ‘fraud.’ The 5% evil at AIG, and more recently JP Morgan Chase that took ridiculous risks for excessive short term yields to line their pockets continue to send shock waves throughout our financial industry and beyond. And the fact is, it IS socialism when taxpayers are forced to bail out banks and brokers who were, and are still indifferent to the suffering they cause—the very definition of ‘Psychopath.’

We will never be able to ‘weed out’ evil from humanity. A certain percentage of our population will always be narcissists, care exclusively about their own welfare over the society in which they live. Regulations on our financial industry must be imposed and upheld to keep evil in-check, and limit the damage the 5% factor will surely cause again and again. We are more than willing to put sanctions on countries that support terrorism. If we are truly ‘by the people, of the people and for the people‘ of this nation, we must sanction the evil in our system as well.

A True Email Tale

This morning I came into my office and there was an email from my husband. It was title, “The terminator is coming…” No joke. That was the exact SUBJECT LINE of his email.

I don’t care that another Terminator movie is coming out. I liked only the first and second Terminator movies, and thought the rest (and Arnold Schwarzenegger) were crap.

I didn’t open his email. I trashed it. I didn’t see the link he had inside it, but even if I did, I wouldn’t have paid attention it with his email subject line.

As I reviewed my emails, I watched the news, as I do every morning. The segment was on Boston Dynamics, a well-known robotics firm. They were showing off the agility their Atlas robot, doing a back flip! I was so blown away, it looked so real, like a person, I sent the video clip to my husband and kids. My subject line: “Totally cool robot moves!”

My husband sent me back an email, “I sent this video to you this morning.”

Hmm…he did? I didn’t see it.

“It was in the email about the terminator coming,” he wrote. “I guess I gave my email a bad title.”

No shit.

WORDS MATTER! Marketing/Copywriting must choose the RIGHT WORDS for the right audience to get response.

Inside Out. Or Flat Out Crazy

REVERBI’m participating in one of the creepiest, weirdest, most…surreal experiences I’ve ever had.

Greg Tremblay is a voice actor currently producing the audiobook for my novel Reverb. We met through ACX, Amazon’s audiobook portal which hooks up authors with actors/producers for creating audiobooks to sell exclusively through Amazon and their channel partners. I hadn’t consider Reverb as an audiobook until several readers inquired if I had one available. I’d never heard an audiobook before. Every time I try to listen to one my mind drifts, generally first to whatever is in front of me, then it begins a-wanderin, drowning out all sound to the muse in my head. It does with TV too. Can’t help it. Not much holds my attention the way my imagination does.

I’m currently reviewing the chapters of Reverb that Greg has recorded to date. A practiced professional, he’s ‘playing’ all characters true to their voice and nature. It’s bizarre, at best, giving voice to the people I’d only heard in my head, but he’s particularly nailed James, the protagonist in the novel, with his cultivated British accent, the rich tenor of his voice. And it’s creeping me out. I get anxious, breathless, listening. The story, in parts “brutally raw,” is hard enough to read, yet alone hear, and the intensity of Greg’s deliver is so palpable it feels real.

James had been inside my head since I was a kid. Made him up when I felt afraid. Started when I was little, pretending to be a guy because men were supposed to be stronger than women, and when I felt scared I sought strength. I found it in James. He was brilliant, what I always wished to be, and insular, like most men seemed to me.

As I grew, James took on a life of his own, with a complex history. Through my teens I ran scenes in my head of how James would respond to mean family members, or bullying by contemporaries. Traveling around the world on my own in my 20s, I summoned James often. In the middle-east when I was stopped by soldiers, I cloaked James, stood tall, looked them in the eye, addressed them aggressively, like a man. In times of black loneliness, I’ve worn James, delved into writing, drawing, creating, as he did with music, shrouding himself from his own feelings with his career, as so many men do.

While I never lost the reality that James was fiction, someone I made up to serve me, there were times I felt his presence projecting from me so powerfully, the line between reality and fiction blurred. It scared me. Absorbing myself with myself every time I felt scared or lonely was not leading to the intimacy I wanted to share. By my 30s, it was clear I was distancing myself from the relationship I sought as a woman, when I took on James, and projected a man.

In an effort to distance myself from James, to shed him from me completely, I felt compelled to write about him. In giving him his own ground, perhaps I too could find some, learn to handle fear on my own.

It took a year to write the novel, and another year editing it to leached James out of me and onto the page. For quite some time after finishing the novel, I stopped thinking about him. He simply didn’t come to mind. Fear is still choking, often, but now I deal with it instead of cloaking James. He’s merely a character in a novel, after all.

Until now. Greg’s audio narration of Reverb has given James a voice. He’s been actualized, made real. And having James out there now, playing out his life story as I write this blog, is on the extreme end of surreal.

The most exquisitely bizarre bit—I can’t wait for the next chapter Greg delivers to hear James again, be with him, in the same room, the same space, camera pov, a fly on the wall—listening, seeing him in my mind’s eye. “Addicting read,” several reviewers have called Reverb. I get that now, and other reviews like, “frantically turning the pages to see what happens next.” I can’t wait to hear the rest of his story, like I didn’t write it. Someone else who knows James did.

I’m bemused where other authors get inspiration for their characters, and wonder if my feelings, this surreal experience is typical for other writers who’ve had their work actualized into voice or film. I’m grateful I’ve endeavored down this audiobook path. After I completed Reverb, I thought James and I were done. Through Greg’s interpretation, I’m now getting to know James outside of my head, as an individual. And while I’ll always feel affection for him, having helped me through all those moments of fear, our separation is now complete.

Writer’s Block

…or The War Inside My Head

fhji

I have time to write the 2nd draft of PT. Or, at least, I can make time. But I’m NOT WRITING it.

Why? WHAT IS THE FUCKING PROBLEM?

I CAN’T THINK OF STORY. HELL, I CAN’T THINK other than about my fucked up sitch, in the REAL WORLD, outside of fiction!!

So, what to do with that. I’m thinking enough to write this, right?

Yes.

Then write something else.

Like what?

PT.

Fuck off. Are you NOT hearing me?

Yes. I hear you. OK…so you can’t write PT. Can you write something else in fiction? Non? A blog?

I don’t want to write a blog. I want to write PT, but I can’t THINK!

Hmm, we went over that. You’re thinking right now. Just not about the right thing. So, lets break the problem down. You say you need story for PT. OK. Make some up.

But that IS the problem. I CAN’T THINK OF ANY. Are you deaf, can’t hear me screaming at you? Stupid? What’s your deal?

You. You’re giving yourself no out, no way to hear your muse, let alone create with her. You’re back in algebra, the gates of your brain shutting down, like the steel doors on the Get Smart opening.

Thanks, for stating obvious. You’re not really helping me here.

OK. so, you want ideas for PT.

Yes. Please. Now would be good.

Hmm…dystopian, right?

Yeah, but on the verge. Just a bit forward.

Pitch of important points, in order: Predictive modeling gone wrong; Absolute power corrupts absolutely.

Yup. But I got that bit. And that’s not story. It’s exposition.

OK. OK. Chill! Jeez. Give me a minute…

40 years later.

If you don’t shut up, it will be.

So, what happens next…

Republicans, Religion and What’s Right

The Tea Party rally was just breaking up when I picked up my daughter from her day camp at Central Park. A woman standing at the fringe of the crowd held a big poster that read: “Gay Marriage is a SIN! God said NO on Prop. 8! God says preserve DOMA!” On the poster was a huge cross. My nine year old daughter asked me what her sign meant. I told her it was against human rights and the woman was a nutcase.

DOMA, the Defense of Marriage Act, was signed into federal law by Pres. Bill Clinton in 1997. It basically said that legally valid marriage is limited to opposite sex couples, absolving individual states from extending the financial benefits and tax credits to which only heterosexual couples are now privy. And who supported this unconstitutional Act denying civil rights?

–Republicans for Family Values
–The Tea Party (Republicans)
–Focus on Family  (Republicans)
–Proposition 8 [banning gay marriage] supporters (And who were they? Proposition 8 got on the ballot backed by millions from the Roman Catholic Church, and the Mormon Church, and the Union of Orthodox Jewish Congregations, and, well, you get the picture.)

The foundation of this nation is based on a separation between church and state. The Establishment Clause of the First Amendment of our Bill of Rights prohibits the establishment of a national religion by the Congress or the preference of one religion over another, non-religion over religion, or religion over non-religion.

Our civil rights should not, MUST NOT be a determined by the church, or be beholden to any religious sect or organization/s. I am an atheist. I don’t recognize the Bible, Old or New Testament as truth, and as an American citizen it is my federal civil right NOT to believe according to our constitution. Christian morality doesn’t apply to me, or the many gay people who wish to marry. It should be in their civil right to do so. Yet senators, congressmen, presidents still choose religious ideology over constitutional laws that guarantees every U.S. citizen equal rights and protections.

Regardless of their religious persuasion, our elected officials have sworn to uphold our constitution, including The Establishment Clause of the First Amendment, and have no right to push their religion’s morality onto every American. Millions of our tax dollars have gone and will go to lawyers and court time over DOMA, absurdly prejudicial and preferential legislation originally meant to limit states financial liability, without understanding, maybe even acknowledging the cost to civil rights. Right-wing extremists like the Tea Party and Focus on Family have adopted DOMA as a monicker, preaching biblical text that says homosexuality is a sin and it should never be recognized as legitimate. But I don’t believe in the bible. And I don’t think being gay is a sin. Sin is a religious construct meant to control followers. I believe indifference to suffering and willful ignorance are the greatest evils.

DOMA was repealed, as unconstitutional, in 2013 under President Obama and a Democratic congress. The Republican Reich fought it out in court after court, appeal after appeal, blowing many more billions in tax dollars over a law that should never have been written, yet alone endorsed and enacted. If the right-wing had its way, DOMA would have stayed the law, limiting marriage and the benefits that come with the union to only heterosexual couples.

Who cares? You’re not gay. Doesn’t really effect you? Not your fight? There are bigger issues out there of import…

Watch out! Yesterday, it was denying gay rights, and today, it’s banning transgender from military service. Tomorrow our Republican government may outlaw a woman’s right to choose what to do with her body, or interracial marriage, or maybe Jews again, or Muslims this time, or… You and your ideology may be next on the chopping block of the religious Republican Reich.

On Suicide

I think about suicide constantly. It used to be my out— if life got too…much, I’d leave. Feeling nothing must be better than feeling bad all the time— my rejoinder.

My life hasn’t been very hard, not like the kids in Oakland hard. I grew up in a middle-class suburban neighborhood, when it was still safe to walk to elementary school. Never wanted for food, always had a bed, felt safe in the home of my parents. And, however abstracted, I got that they loved me.

What’s been so damn hard, always in my way, is…me. Born 2, or 200 yrs too early, I don’t seem to fit here. I’ve been on the outside looking in at this world for as long as I can remember. First hit me when I was around 5 yrs old. My mom would often laud accolades of my father in the store or the car on the way home from school—what a good artist he was, or how “smart,” and “passionate.” But at home, I saw him put his fist through the wood cabinet an inch from her face in a heated argument over politics. I’d seen him make her cower multiple times, listened to him demean her time and again with statements proclaiming her ignorance, or jumping down her throat when she dared disagree with him. The cognitive dissonance between what she said and what I saw put a glass wall between us, instilled mistrust. Perhaps I was delusional, or she was, but either way it took away my ground.

My mother came to visit many years after I’m moved from my parents’ home, and told me she wanted to divorce my dad. Though she never followed through, I know she was unhappy with him. After our divorce discussion, she never again professed her admiration of him, though they were together for another 10+ years before her death. She spewed hateful word at me about her husband of 47 years on her deathbed. What I observed at 5, and forward, gave me the real picture of my parents’ relationship, regardless of what my mother said. A glass brick in the wall of my emerging psyche. I’ve plugged into the difference between what people say and what we do ever since, much to my chagrin.

No, it’s not my parents’ fault I’ve spent a lifetime on the outside looking in. They tried to instill in me religion, be a part of the grand delusions the rest of the world apparently slavishly subscribes. But I’ve never been able to believe in a vengeful, rather ugly solipsist telling me what is right and wrong, acceptable and not, whom I’m supposed to believe in without question, or even speculation. Never been any good at blind faith. Suicide is not a sin. But it is all too often the indifferent choice.

It’s true, I still think about suicide often. I hear about Robin Williams, or Aaron Swartz, now Chester Bennington, and cycle on what they felt like right before killing themselves. Black, I imagine. And I practically live there. Have, as long as I can remember. But both Williams and Bennington had kids. And Aaron Swartz had thousand of followers who believed in and supported his fight for net-neutrality, me among them. And I feel mad at them, that they left. Then I imagine how it feels for their kids, how much they must miss their dads, and I’m overwhelmed almost to tears missing my mom. I imagine Aaron’s parents, having to live the rest of their lives with the death of their 26 year old son. And, as a parent of two teens, I stop breathing with the image and feel like I might throw up.

I brought life into physicality to experience living. And the experience of living— is feeling. The full range— happy, sad, mad, glad…whatever. No matter how hard things feel, no matter how black, if I take my own life I will invalidate the very reason I gave life. To feel. Dead, I will be robbing my children my love, the most intense, fantastic, and cherished of all feelings. And as much as I want to check out sometimes, there’s that cognitive dissonance again, followed by anger, and unfathomable loss. With, or even without kids, most people have family and friends who love them.

Feelings are dynamic. They change with time. Black morphs to gray, then violet, then sky blue some sunny days. I wish I could go back in time to the moment of choice for the aforementioned suicides, and the 40,000 annually across the U.S. alone, and remind each of the sunny days that will surely come again, especially when embracing and sharing love.

Obesity is a PRE-EXISTING CONDITION

A POLITICAL JOKE

A woman in a hot air balloon realizes she is lost. She
lowers her altitude and spots a man fishing from a
boat below.

She shouts to him, ‘Excuse me, can you help me? I
promised a friend I would meet him an hour ago, but I
don’t know where I am.’

The man consults his portable GPS and replies, ‘You’re
in a hot air balloon, approximately 30 feet above a
ground elevation of 2346 feet above sea level. You are
at 31 degrees, 14.97 minutes north latitude and 100
degrees, 49.09 minutes west longitude.

She rolls her eyes and says, ‘You must be a
Democrat!’

‘I am,’ replies the man. ‘How did you know?’

‘Well,’ answers the balloonist, ‘everything you tell
me is technically correct, but I have no idea what to
do with your information, and I’m still lost. Frankly,
you’re not much help to me.’

The man smiles and responds, ‘You must be a Republican.’

‘I am,’ replies the balloonist. ‘How did you know?’

‘Well,’ says the man, ‘You don’t know where you are or
where you’re going. You’ve risen to where you are, due
to a large quantity of hot air. You made a promise
that you have no idea how to keep, and now you expect
me to solve your problem. You’re in exactly the same
position you were in before we met, but, somehow,
now it’s my fault.