Friday, February 27, 2009

Atlas' Second Coming, and the Shrugs

THE FINANCIAL MELTDOWN MIGHT HAVE MADE THE ATLAS TICKLE, or so it may have seemed if one takes the metaphor literally. But Atlas, in spite of shrugs, is going strong on its part.

Interestingly, Audacity of Hope by President Obama was overtaken by Atlas Shrugged on the sales charts for a while just before the presidency change. This is the second coming of Ayn Rand that started in 2007. Honestly though, I never got this book right. There was always something ultra-right about the acceptance and success of her (cold-war incubated) concepts of having a platonic state of a democracy (where one would be expected to demonstrate as much dexterity with the left hand as the right. Over the past ten years or so I must have gifted her books, selectively and carefully, to at least three people of my immediate reckoning -all of whom fell out of touch. Not so carefully, after all!).

Ayn Rand's rendition of the perfect world —much more vividly worded in her previous notoriety, The Fountainhead— could only be realised by finding the means of fitting the world within mathematical formulas (or vice versa), something refuted at its very basis most recently by professor and mathematician Stephen Hawking through his commentaries on quantum mechanics (also, try here). There is no room for spirit in Rand's 'predictable world', nor for an experience of it (except perhaps in nakedness, which is to be perceived without sensitivity: ask Mr. Wynand, who, according to a female friend, is the real hero of the story for her). Even though they claimed to keep the torch burning when the oil ran out.

The storyline of The Fountainhead, as well as the fiction of Atlas Shrugged are nonetheless entertaining provided one can handle a thousand pages each.

The Economist argues today that the current financial crisis, and various bail-out announcements, have a direct correlation with unit sales figures and sales rank of Atlas Shrugged (see chart. source: ecomonist.com). The author attributes the pattern to mass social media -- such as Facebook, and certain user groups aiming at personifying the storytelling as if "Atlas Shrugged is happening in real life" (try here). Above all, it is believed that Alan Greenspan is a fan of Rand's work, and thus his every recent move was like a stimuli to the book's gift-wrapping counters at Amazon.com.

However, it is to take it too far to compare Rearden's (one of the book's characters who invents a unique metal) visit to the senators in Washington DC with that of the Banking CEO's meeting with the US congress these past weeks.

I am at a loss of expectations from the movie based of Rand's works which is in the making for a 2011 release. I can only shrug for the moment. As a fan of Rand's work, however, it actually makes sense, for it largely belongs to the fairyland.

Let's wait and see who is John Galt?

Update: Have you read "The Driver" (try here) by Garet Garrett? Arguably, Rand lifted a few key concepts and phrases from this rather obscured 1922 work. His first work in 1911 was titled "Where the Money Grows and Anatomy of the Bubble".
  • See also:
  • Go here for WSJ.com jumping in the bandwagon with "'Atlas Shrugged': From Fiction to Fact in 52 Years".
  • Go here for Amazon.com bestselling list among Classics where four out of top 10, including the first three, are Rand's books as of this week (Feb 28, 2009).

Saturday, February 21, 2009

Geek post: How to use Google Search APIs on your blog

HOW CAN YOU MAKE GOOGLE SERVE YOU BETTER? Customizing Google search to suit one's needs in a more controlled manner has been a fairly less exploited area - at least by the end-users. Perhaps because there are enough 3rd party widgets available to assist a normal tusker with her Blog to do this work. This post, though a diversion from the normal theme of discussion here, is about getting a little hands-on with Google Search API to put a professional looking search-box on your blog - all the while utilizing existing components available on (what's called) the Google OS.


With a little tweak, this method also works with TypePad. Now, if you have means of posting CSS and JavaScript on your WordPress hosted blog, you can use Step-1 through Step-11 to create your customised Google Search Engine and plug it into your personal blog.

All the best!
  • Seel also:
  • Go here for documentation of the Google Search API.
  • Go here for (official) Google Ajax API's Blog
  • Go here for Ajax Search API Playground for some ready made code if you are ok with that black template (the blog is dead through).

Friday, February 13, 2009

Taleb and (guru) Mandelbrot together on Credit Crunch

THIS ACTUALLY TOOK PLACE AT PBS STUDIOS some five months ago when the $700bn bail-out package aka Troubled Asset Relief Program (TARP) was announced at the U.S. Senate. Nassim Taleb features here with his Guru Benoit Mandelbrot in this joint interview by Paul Solomon titled 'Experts Examine Future of Credit Crunch'.

For anyone new to Mandelbrot and Taleb or the subjects of Chaos theory and randomness that they deal with, this shall provide a good introduction (and a starting point to what could become a very interesting journey. I have been meaning to post these for a few months now. Finally, the cat is out of the draft.).

Below are two excerpts from the talk, followed by the direct PBS podcast:
The increased concentration among banks seems to have the effect of making financial crises less likely. But when they happen, they are more global in scale and hit us very hard. True, we now have fewer failures, but, when they occur, I shiver at the thought. -- Nassim Taleb in his book The Black Swan

Mandelbrot, after talking about the Butterfly-effect, elaborates that:
[The Butterfly-effect creates turbulences] The word "turbulence" is one which actually is common to physics and to social scientists, to economics. Everything which involves turbulence is enormously more complicated --not just a little bit more complicated, not just one year more schooling-- just enormously more complicated. [...] That is not well-understood. In fact, that is misunderstood for which tools have been developed which assume that changes are always very small. If one of them comes, nothing bad happens. If several of them come together, very bad things have happened...
And, so it goes.


  • See also:
  • Go here for the podcast download, and here for the full transcript of the interview.
  • Go here for the video of the show. I didn't embed it directly for I found it rather ominous for an introduction to show Taleb laughing over a grim topic.

Saturday, February 07, 2009

Language, Commerce, and Google Translate

WILL DURANT CHRONICLED IN HIS HISTORICAL COMPILATIONS THAT ancient trade provided the necessity for the invention of the alphabets. A theory contested by many, but not rejected in its entirety.

In this guest post, my friend and Language Technology researcher Jason M. Adams discusses the mutual history of language and commerce by looking at some of the ways that each has been changed by the other and how they will continue to shape each other going forward.
* * *

Commerce is a human convention deeply entwined with language. Economic motivations were among the many reasons ancient (and modern) empires conquered other lands, spreading their languages beyond their natural range. Traders would travel to distant lands, encountering speakers of exotic languages. Recent study of the immediate commerce and trade (focusing mainly around the era of last 500 years of European Maritime expansion) describes the exchange of languages at trade as follows: In cases where bilingual speakers were few to none, Pidgin languages –with simplified grammar and vocabulary– developed, which come about as a means of communication solely for the purpose of trade. When flourishing trade routes last long enough, and at the hubs trading travelers start settling down locally, a Pidgin starts being spoken widely enough. The children of such a community start growing up learning a Pidgin as a first language. This is when a Pidgin language changes into a Creole language (having many fascinating characteristics of its own). Contrary to simple trade relationships, when a conquering or dominating group of people bring their own languages, it either supplants the native language or influences it heavily, and later goes for linguistic homogenization. Pidgins, on the other hand, develop because speakers are motivated to communicate in order to trade.

[Above: "The Lydian Lion", arguably the oldest surviving coins, representing organized trade and the associated language it bore which gave it its "value".]

Commerce is one of the many factors that drive linguistic homogenization. In the modern era of the internet and mass media, attention is the scarce resource. Choosing a language of commerce (e.g. English being adopted as a language of business by other European and former Russian communities) helps to maximize one's reach in business. On the personal aspect, the attention economy of modern mass media is highly language dependant as well.

On the other hand, the same internet proliferation and mass media has provided us with what is called "Machine translation services", such as Google Translate. As the quality of these services improve, it becomes less and less necessary to publish exclusively in commerce languages. Linguistic homogenization may not be the inexorable force it appears to be today. Will the quality of machine translation improve fast enough, and will the business case for them be strong enough to turn the tide of linguistic homogenization? Certainly those betting on machine translation services hope so. But there is a dueling problem here: Tackling human languages using machines requires a significant investment. However, at the same time, in order for machine translation to truly counteract linguistic homogenization, it has to be freely available as a ridiculously cheap service.

While the future progress of commerce and language may be uncertain, what is certain is that they will continue to heavily influence each other. And there's nothing new about that.
  • See also:
  • Go here for articles related to the current economic crisis.
  • Go here for Jason Adams' blog website.
  • Go here for further discussion on "attention is the scarce resource".