Viva Henrietta Yurchenco (1916 – 2007)

Henrietta Yurchenco

Ahora estamos lejos de aquel valle de dolor
pero su memoria nunca olvidaremos;
Así que antes de que continuemos esta reunión
pongámonos en pie por nuestros gloriosos muertos.

One of my first, and one of my favorite, memories of living in Manhattan was the beautiful four-hand piano music (Schubert?) that came pouring out of our neighbor’s apartment. Already in her mid-eighties, spirit undimmed, Henrietta was full of music and life.

She was one of those characters — a real character — that seem larger than life, although in her case I don’t think she was much over five foot even. Part of the original folk scene in NYC in the early sixies, she knew everyone from Leadbelly to Woody Guthrie and Pete Seeger. She wrote Woody’s authorized biography, A Mighty Hard Road. Supposedly, I learned from her NY Times obit, Pete wrote “Kisses Sweeter than Wine” in her bathroom. Still when we knew her she was politically active and I think — although I may be conflating imagination with reality here — we sang “We Shall Overcome” in her apartment together once. She loved the fact that my grandparents were Spanish Republicans in NYC in the 1930’s — she, too, had protested fascism before WWII and afterwards had spent time in Spain and North Africa chronicling the music of Sephardic women. Oh, the stories. She had also spent years doing field recordings, again of women’s songs, in Mexico and Central America, and was on a first name basis with both of the Lomaxes, father and son. She had a long-running radio show in NYC and had interviewed a young Bob Dylan in the early sixties, although she still didn’t like the idea of him going electric. Seriously! How cool is that?

Her corner apartment, stuffed full of mementos from her adventurous life, had been a regular party stop all those forty years ago and still, when we lived next door, radiated light and song.

You know all those million dollar houses?

How could anyone afford them?  Well, it turns out, they couldn’t.  That emperor, like so many others, didn’t have any clothes.  But the ‘sub-prime’ mortgage mess, which has spread to a credit mess may have already metastasized throughout the banking system.  (See a previous post for a related dynamic in quant hedge funds last August.)

Paul Krugman writes in the New York Times, “What we are witnessing,” says Bill Gross of the bond manager Pimco, “is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August.”

To reinterate: Bill Gross says that our banking system is breaking down and it’s so complicated that no one, including Ben Bernanke understands it.

Hunger, data visualization, and the value of clean hands

From Radar O’Reilly:

Another couple of webcasts from our hero, Prof. Hans Rosling of Sweden’s Karolinska Institute and Gapminder (acquired, inevitably, by Google.)

In the first webcast, Rosling using his Trendalyzer visualization tool to describe economic and social change in Sweden over the past three hundred years. If he doesn’t convince you to wash your hands, no one will.

Recently, both the United Nations and OECD (announcment here) have committed to opening up their statistical databases free of charge. In his second webcast, Rosling points out, all of the country-level statistical data — in the whole world, ever — is a smaller download than “Lord of the Rings.”

As before, both are well worth watching, not only for the content of what you learn, but how Rosling delivers the message; it’s a miracle of data visualization and a heartening message about the possibilities of the future.

(Previous post about Rosling here.)