Matthew Yglesias in Vox:

Emily has written at length about private equity’s role in recent bankruptcies of major retailers and about Elizabeth Warren’s plan to reform and re-regulate the industry. Those are great long reads if you want to go deep, and, of course, the episode itself is chock-full of details.

But here are seven main takeaways:

• The private equity business model doesn’t have a technical or legal definition, but it normally refers to leveraged buyouts — a private equity firm offers to buy a business with cash that’s mostly borrowed and the debt that accrues to the books of the acquired company rather than the private equity firm itself.
• Because companies bought through the LBO process are now indebted, the business inherently becomes riskier and more fragile than it was before the acquisition — a small downturn might make them unable to cover interest costs and force them into bankruptcy.
• At its best, private equity provides a new infusion of energy, money, and outside expertise that can help improve a company’s operational performance and set the stage for expansion.
• At other times, the debt burden induced by the LBO simply makes it harder to raise capital for needed investments, making it even more difficult for the acquired company to survive and thrive in a changing business environment.

More here.

Gene Seymour in Book Forum:

ANY OPPORTUNITY TO READ A GREAT WRITER’S MAIL should be embraced in these days when a serial Instagram feed is about as ambitious as correspondence gets. Granted, at roughly a thousand pages, The Selected Letters of Ralph Ellison may be asking a lot, at the outset, of even the most committed scholar of twentieth-century American literature, to say nothing of the waves of readers who continue to come away from Invisible Man convinced that it’s the Great American Novel.

But these letters, as assembled by John F. Callahan and Marc C. Conner, come to us a quarter of a century after Ellison’s death as more than just another corpus for further academic study. In heft and breadth, the missives here make up the Big Book of Life that Invisible Man’s triumph augured, and that we’ve been awaiting (not always patiently) for all these years. After his first book’s publication in 1952, Ellison doggedly, painstakingly, and at times dolefully toiled at completing a second novel, which remained unfinished at the author’s death in 1994. More than either posthumous version of that book, the densely compacted Juneteenth and forbiddingly gargantuan Three Days Before the Shooting . . . (both curated by Callahan, Ellison’s executor), Ellison’s letters vibrate with striking imagery, flinty repartee, shrewd literary insight, and bountiful reverie. One can’t help thinking while wandering through this capacious volume that if only this mercurial and meticulous man could have somehow sustained the high-spirited, polychromatic flow of his correspondence and carried it into his regular routine, there could have been two, three, even four more novels bearing his name. Or so you’d like to imagine.

The story told by this Ellison opus, as in Invisible Man, concerns a black American’s progress toward self-realization in a world that insists on misunderstanding him. Ellison was correct to insist, especially to interviewers in the immediate wake of its publication, that his novel was not autobiographical, although the author, like the book’s anonymous protagonist, rose from modest beginnings (in Oklahoma City) to attend a historically black university (Alabama’s Tuskegee Institute).

More here. (Note: Throughout February, at least one post will honor The Black History Month. This year’s theme is “African Americans and the Vote.” Readers are encouraged to send in their suggestions)

Jordan and Egan in The New York Times:

Plunk yourself in an armchair and lose yourself in a tale of love, whether it’s a family saga, “12-hanky weeper” or timeworn classic.

New York

Truman Capote, “Breakfast at Tiffany’s”

Before Audrey Hepburn shimmied into that iconic black dress and dangled her cigarette holder between two fingers, the story of Holly Golightly existed only between the covers of Truman Capote’s beloved novella. Way back in 1958, our reviewer summed it up in words that hold true to this day: “‘Breakfast at Tiffany’s’ is a valentine of love, fashioned by way of reminiscence, to one Holly Golightly … a wild thing searching for something to belong to.”

Washington

David Guterson, “Snow Falling on Cedars”

On an island in Puget Sound in 1954, the body of a fisherman is pulled out of the sea, trapped in his own net. ​A Japanese-American man is charged with his murder, and the ensuing trial leads the town’s newspaper editor to reflect on his long repressed love for the accused man’s wife. The novel, which became a best seller and was adapted into a 1999 feature film, explores the sometimes porous line between unrequited love and resentment, and how deep-seated animosity and fear can erode a community.

More here.

This synod is convinced that the forces of the Allies are being used of God to vindicate the rights of the weak and to maintain the moral order of the world.   —Anglican Synod, Melbourne, 1916.

Christ at Gallipoli

Bit weird at first,
That starey look in the eyes,
The hair down past his shoulders,
But after a go with the ship’s barber,
A sea-water shower and the old slouch hat
Across his ears, he started to look the part.
Took him a while to get the way
A bayonet fits the old Lee-Enfield,
But going in on the boats
He looked calmer than any of us,
Just gazing in over the swell
Where the cliffs looked black against the sky.
When we hit he fairly raced in through the waves,
Then up the beach, swerving like a full-back at the end
When the Turks’d really got on to us.
Time we all caught up,
He was off like a flash, up the cliffs,
After his first machine gun.
He’d done for three Turks when we got there,
The fourth was a gibbering mess.
Seeing him wave that blood-red bayonet,
I reckoned we were glad
To have him on the side.

by Geoff Page
from Small Town Memorials
University of Picaro Press, 1975

Laura Marsh in The New Republic:

A young woman—observant, self-conscious, harboring literary aspirations, though not quite sure where she wants to end up—meets an older novelist, and they start dating. He is as famous as it’s possible for a contemporary writer to be. He is obsessed with his privacy: She is not to draw any attention, occupying a hidden corner of his life. In fact, he sets all the terms of their relationship; the age gap benefits him. While there’s plenty of desire, it’s tinged with condescension (even spite), which contributes more than it should to their sexual tension.

In return, he allows her to soak up some of his brilliance, as if by osmosis. Of course, she will have to leave him if she wants to be the star of her own life. The experience is only worth having if it is the precursor to something bigger.

This is, loosely, the arc of Adrienne Miller’s new memoir, In the Land of Men. The book is a recollection of her career as an editor at glossy men’s magazines from the 1990s to the mid-2000s, and of the sexism she encountered on the job. A large part of that story is dominated by David Foster Wallace, the writer she met when she was 26 and he was 36; she published a long and difficult short story of his in Esquire in 1998, and soon after they began an affair.

More here.

Merrit Kennedy at NPR:

About 50,000 years ago, ancient humans in what is now West Africa apparently procreated with another group of ancient humans that scientists didn’t know existed.

There aren’t any bones or ancient DNA to prove it, but researchers say the evidence is in the genes of modern West Africans. They analyzed genetic material from hundreds of people from Nigeria and Sierra Leone and found signals of what they call “ghost” DNA from an unknown ancestor.

Our own species — Homo sapiens — lived alongside other groups that split off from the same genetic family tree at different times. And there’s plenty of evidence from other parts of the world that early humans had sex with other hominins, like Neanderthals.

That’s why Neanderthal genes are present in humans today, in people of European and Asian descent. Homo sapiens also mated with another group, the Denisovans, and those genes are found in people from Oceania.

The findings on ghost DNA, published in the journal Science Advances, further complicate the picture of how Homo sapiens — or modern humans — evolved away from other human relatives.

More here.

Alex Trembath in National Review:

For the first time in a long time, Republicans seem engaged on climate change. As concern over the issue surges among younger Republicans and sweeping Democratic proposals demand an answer from the right, GOP lawmakers have come forward with bills of their own to address the problem. The top Republican in the House, Kevin McCarthy, recently sat down with Axios’s Amy Harder to outline the biggest goals of a Republican climate-change agenda, namely:

• Carbon capture, with a focus on natural solutions such as more trees and improved soil-management (what President Trump called the “trillion trees initiative” in his State of the Union Address);

• Clean-energy innovation; and

• Conservation and recycling, with a focus on plastic waste.

The first thing to say here is that Republican lawmakers’ now-explicit interest in climate-change policy is unequivocally good. Policy and legislation are better served by competing visions of action, not the permanent partisan stalemate that has characterized the debate to date. But Republicans might be missing an opportunity here all the same. So-called “natural” climate solutions such as planting trees and improving soil-management have uncertain long-term benefits to the climate. Likewise, as I’ve written elsewhere, plastic bags and plastic straws are highly visible forms of waste that don’t actually have huge impacts on climate change.

More here.

John Semley at The Walrus:

Tackiness gets a bad rap because it makes us feel like suckers. It offends our belief that we deserve better. We are allowed to marvel at top-shelf wax statues of celebrities or modern movie blockbusters because they meet some implicit standard of verisimilitude, because they look “real”: it’s okay to be crassly entertained so long as that entertainment passes some bar of acceptability. Anything that fails that standard is generally held to be tawdry or kitschy or cheesy—to be, in other words, beneath our esteem.

But tackiness of the kind you’ll find—or used to find—on Clifton Hill proves memorable, even affecting, not just because of some knowing irony. It’s because, I think, it feels so lovingly and painstakingly handmade.

more here.

Natasha Stagg and Elizabeth Wurtzel at n+1:

I had to fight for Prozac Nation because everyone wanted it to be a novel. They really thought that I should write a novelized version of my life. The whole thing was: “Who are you? Why would anybody care about your life? If you’re talented, you can write a novel, because you can invent something.” It’s not like I couldn’t do that. It’s not like it couldn’t have been a novel. But I don’t want to write novels. It’s terrible that men make the rules, and that men have decided that novels are somehow more valuable. It’s really, really, really hard to write about yourself. Women who have written about their own lives should be getting the Nobel Prize. Those are the only people who should be getting the Nobel Prize from now on because it’s really hard to do. It’s not that hard to write about politics. Read a book and you can do it. It’s not that hard to write about Donald Trump, or for that matter Afghanistan. It is really hard to figure out the stuff that scares people. I’m not doing this because I need to figure myself out. I have myself figured out. I’m doing it because other people need to figure themselves out. I’m not writing about myself. I’m writing about other people. It’s a really cheap thing to think that all I’m doing is writing about my life, as if that’s some easy thing.

more here.

James Purdon at Literary Review:

‘Not all hotels are created equal,’ observes McBride’s narrator; yet ‘once distilled all hotel rooms are essentially alike, if not exactly the same’. She should know: Strange Hotel records an exhausting fictional itinerary of nights spent in, by my count, more than 170 cities, from Dublin to Delhi and further afield. For the most part, these stopovers appear in the simple form of lists, an occasional cryptic ‘x’ denoting, we eventually infer, those occasions when the narrator chooses to forgo her solitude, if not her loneliness, in favour of a casual sexual hook-up. Five rooms, though, come into sharper focus in the novel’s main narrative sections, set in Avignon, Prague, Oslo, Auckland and Austin. Or, more precisely, set in the small and temporarily hospitable space of a hotel room in each city, ‘a place built for people living in a time out of time’.

more here.

Smriti Mallapty in Nature:

The world’s species and natural ecosystems are in crisis. When nearly 200 countries gather in ten days’ time to thrash out a major plan to stem the precipitous decline, China is expected to take a prominent role. The high-stakes negotiations will set the stage for a major biodiversity summit in October, which the country will also host — marking the first time the nation will lead global talks on the environment. That role as host, together with the China’s growing global influence — including its vast Belt and Road Initiative to build international infrastructure — has thrown a spotlight on its own impact on, and efforts to preserve, biodiversity. “We are familiar with China being part of the problem of the global environmental emergency. For the sake of nature and the people living on this planet, there is a need to turn China into part of the solution,” says Li Shuo, a policy adviser at Greenpeace China in Beijing.

…Ecosystems are vanishing rapidly, and close to one million plant and animal species face extinction. If this trend continues, it could have devastating consequences for people and food production, says van Havre. Countries have failed to meet the current goals partly because the targets were vague and difficult to implement, and progress hard to track, he says.

More here.

Julian Lucas in The New Yorker:

A gunshot echoed over starlit forest near the town of Marine on St. Croix, Minnesota. It was late October, already frigid, and chasers had pushed our group of ten fugitives to the edge of a lake. For a moment, we’d hesitated, shouts drawing closer as the black water winked, but the shot drove us all straight in. My legs went numb; Elyse, a high-school sophomore, exclaimed, “My God! ” Submerged to the waist, I waded through marsh grass and lamplight toward our conductor, who silently indicated the opposite bank. The Drinking Gourd shone overhead with exaggerated clarity. This was my third Underground Railroad Reënactment.

An hour had elapsed by the time we crossed the lake: seven teens, two elementary-school teachers, one “abolitionist,” and me. I had no idea where we were, only that it was about two hundred miles from Canada, where Justin Trudeau had just won reëlection after a blackface scandal, and forty from the waters of Lake Minnetonka, in which Prince orders Apollonia to “purify” herself in “Purple Rain.” As we stepped ashore, I thought of my enslaved forebears, wondering what they might make of our strange tribute. “That’s what you’re concerned about, your ChapStick?” Elyse chided Max, a blond boy in a blue hat and checkered Vans. His lip balm was ruined—as was my notebook—but the baby doll he’d sworn to carry North was dry. (Elyse dubbed him Mother Max.) The whispers stopped with the arrival of our conductor, who led us on a rough path uphill. I was still smarting from a branch to the forehead when he stopped to deliver the night’s sixth lecture: “My name is Henry David Thoreau. This is Walden Pond.”

More here. (Note: Throughout February, at least one post will honor The Black History Month. This year’s theme is “African Americans and the Vote.” Readers are encouraged to send in their suggestions)

You

There you are again at the far end of the empty beach,
scrambling over rocks beneath the abandoned nunnery

painted ice-cream green. Fleet as a greyhound,
tiny as a mote floating in the outer corner of my eye,

matted hair a billowing ghost of rain as the day
folds back into its rookery of clouds.

I’ve caught a glimpse of you before:
a shadow on the wall of empty streets

where silence sounds like noise. Barely noticed,
you stand among stagnant puddles

by the graffiti-etched door in a patina of winter light.
You bear a name you never ask for,

trace the history of longing in your veins,
your lost passions in the March wind.

At night you are both salt and ash.
A low scream in the mirror of the moon.

by Sue Hubbard
From Ink Sweat and Tears

Anne Fausto-Sterling in the Boston Review:

On the eve of the new year, my Twitter feed and an academic listserv I frequent lit up with arguments about biology and society. Some people had a lot to say about scientific matters—birth sex, assigned sex, genes and chromosomes—while others appealed to social ones: employment rights, free speech, and gender diversity. I could tell that transgender rights lay at the heart of the matter, but why were the people who tagged me on Twitter raging at one another about biological truth? And why were the professionals on my listserv raising disturbing questions about free speech and material reality while also trying to relitigate the meanings of sex and gender?

This essay is for the reader who feels as buffeted and perplexed by the arguments as I sometimes do. The first thing to say is that these disputes have real consequences. I fully support the rights of transgender people to live free from the fear of violence, to use public facilities as they wish, to participate in competitive sports, and to enjoy fair and equal education and employment opportunities. At this historical moment, however, these rights often remain aspirational. Resistance to their achievement is widespread. If, as a society, we want to make progress, it is important to sort through the charged appeals to abstract notions such as scientific truth, material reality, and freedom of speech.

More here.

Emily Toomey in Smithsonian Magazine:

This spring, ten tons of liquid xenon will be pumped into a tank nestled nearly a mile underground at the heart of a former gold mine in South Dakota. With this giant vat of chemicals, scientists hope to detect the historically undetectable, a mysterious substance that makes up more than 85 percent of all mass in our universe: dark matter. “One of the annoying features of dark matter is we have really no idea [what it is],” says Murdock Gilchriese, project director of this experiment, known as LUX-ZEPLIN (LZ). “We know it exists, but as a particle and what its mass is, there’s a huge range.”

LZ is one of three major experiments funded by the DOE and NSF that aim to directly detect dark matter, a goal that has tantalized scientists for over thirty years. While past experiments such as LUX, the predecessor to LZ, came up short, this next generation of projects hopes to tackle the challenge using systems with unprecedented scale and sensitivity.

“You could say we’re the world’s best at finding nothing. I mean, people have said that and so far, it’s actually true,” Gilchriese says. “It very well may be that people spend ten years plus and we find absolutely nothing.”

More here.

Santiago Zabala at Al Jazeera:

This year more than 60 countries will hold elections, and all will be facing a similar threat: populist parties and movements that use data analytics firms to help them amplify their message, connect directly with the populace and widen their support base.

In recent years, right-wing populists have taken power in several countries, from Brazil to Hungary and the Philippines. Coinciding with the rise of populism, data analytics firms, such as Cambridge Analytica, Aggregate IQ and others, have been perfecting techniques to quantify the behaviour of voters to influence their votes. 

While the expansion of the reach of right-wing populism through the work of such firms is undoubtedly worrying for the future of democracy and human rights, there is another form of populism that is even more dangerous, as it pretends to be above the political categories of left and right all together: digital populism.

More here.

Nandini Pandey at Marginalia:

What a joy it is to journey back into the Aeneid with Quint as our Sibyl. The latter warns Aeneas that in Italy he will wage wars as cruel as Troy’s, again over a stolen bride, but with aid from a Greek city. She thus articulates from within the poem its famous division into two halves, the second a repetition and reversal of the Iliad. No less inspired, but far more meticulously detailed, is Quint’s structural pronouncement: that chiasmus shapes the Aeneid’s architecture on a fractal scale, from its microscopic details to the thousand-year sweep of its plot. Expanding on this figure’s normative definition as an A-B-B-A arrangement of words, Quint elucidates a range of intertextual symmetries and reversals by which, in his argument, Vergil “double-crosses” his own epic. This grand unified theory seeks to interlink and explain the poem’s meaning, structure, and notorious “ambivalence”: the self-questioning tendencies that have prevented easy interpretation, and divided the poem’s readers, since its publication.

more here.

Michael D. Gordin at the LARB:

A few themes in particular resonate through this tour of quantum mechanics. The first is that people matter. That might sound obvious — you can’t have any physics if you don’t have physicists — but the point is subtler. The specific personalities matter, and they matter to specific cohorts, making them different from all other cohorts. Even when Kaiser tours the most rarefied and abstract corridors of theoretical physics, he never finds a solitary theorist mooning over a blackboard. All physics happens in conversation, whether it is Einstein and Ehrenfest joking at a physics meeting, or Schrödinger working out his famous thought experiment about a cat — killed (or not) probabilistically with a dose of poison gas — in correspondence with Einstein and other quantum dissidents. As Kaiser points out, it is no accident that, as Europe descended into fascist chaos and warmongering, “Schrödinger’s thoughts turned to poison, death, and destruction.” Even the main character of the first chapter, Paul Dirac, notorious as the weirdest weirdo to ever do theoretical physics, is presented as enmeshed in the communities that found him so inscrutable.

more here.