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kottke.org posts about michaelnovogratz

NYer Conference, other day one notables

British architect David Adjaye observed that not only are public buildings built for “the public” but they also create “the public” by establishing a space for it to exist. I guess by the same token, buildings built for private citizens also create private citizens…hence, eventually, gated communities and the like.

Adjaye also described his native Africa as layered combination of its different eras: colonialism + nation building + European + Islam + urban/capitalist.

The chefs panel, with Bill Buford interviewing Daniel Humm, Marc Taxiera, and David Chang, was the most entertaining of the day. Right at the end, David Chang told a short anecdote about a customer who complained to him about the amount of fat in the Momofuku pork bun…pork as in pork belly and pork belly as in mostly fat. Chang told him that’s the way it came and that he wasn’t getting a replacement. Shrugging, he told the audience he had a different idea about hospitality than most restaurateurs…”the customer is not always right”.

Michael Novogratz, the 317th richest American, explained the current financial crisis. Goes something like this. The fall of the Berlin Wall and the opening up of China and India for both trade and labor laid the groundwork for globalization. Lots and lots of cheap labor available made for cheap goods and low inflation. Between early 2003 and late 2007, globalization kicked into high gear and people thought, this is it, this is the end of inflation forever. But the workers in Eastern Europe, India, and China gradually became consumers. They bought TVs and cars and better food and whaddya know, inflation is back. The bubble burst.

Amy Smith challenges her students to try living on $2 a day for a week…that includes food, transportation, and entertainment. This video of a talk that Smith did at TED in 2006 covers much of what she talked about today at the New Yorker Conference. The NY Times covered her clever inventions back in 2003.