The credit crisis. The lurching stock market. The housing bust. The diving dollar. The Freddie and Fannie turmoil. How to make sense of it all?

Our advice: Go read a book.

I liked this recommendation:

'So Big' is a fascinating story that contrasts the aspirations and values of a mother -- who grew up in economic hardship -- with that of her son who, through his mother's hard work, was given a secure, happy childhood and a quality education.

"After struggling to give her son opportunities to pursue his dreams, Selina must watch as he sets them aside in the empty pursuit of wealth. While Selina builds a thriving vegetable farm and derives contentment through her 'beautiful cabbages' and other produce, her son finds only frustration and lack of fulfillment when he forgoes a career as an architect for the pursuit of money and a sumptuous lifestyle.

"The shift in values from mother to son can also be viewed as allegory for our own nation's continuing cultural shift. We have moved away from the values of thrift and financial security held by our Depression-era parents to that of overuse of credit to fund lifestyles we cannot afford, that have not always brought happiness, and -- in the case of the foreclosure crisis -- that have caused dislocation and despair."

Recommended Reading for Our Times

In one chapter, set at a bordello hotel called Business Center Bukovina, Hemon constructs a delicate, beautifully rendered fable of ugliness, desolation and heartlessness: “The room smelled of my grandfather’s death — a malodorous concoction of urine, vermin and mental decomposition.” They pass a mangy dog as they enter. The window looks out on a huge garbage bin “brimming with glass bottles,” their sparkle providing a brief moment of pleasure: “I always like to see a full garbage container, because I relish the thought of emptying it, the complete unburdening implicit in it.” At the end of the chapter, Brik hears a drunken couple shouting, then laughter, a dog howling and the shattering of glass. “The man and woman had thrown the dog in the garbage container full of bottles and then must have watched it writhing, shredding and slicing itself, trying to escape.”

Raising the Dead

Anyone who has ever tried to digest The Da Vinci Code, for example, or the Left Behind series, will know that bad writing, aimed at a subliterate audience, is actually much more difficult to read than anything by Borges or Kundera. But a certain populism, perhaps, inhibits critics from saying so.

Christopher Hitchens, on the collected works of Edmund Wilson recently published by the Library of America.

Literary Companion | The Atlantic Online | September 2007

We both, Vasili Ivanovich and I, have always been impressed by the anonymity of all the parts of a landscape, so dangerous for the soul, the impossibility of ever finding out where that path you see leads — and look, what a tempting thicket! It happened that on a distant slope or in a gap in the trees there would appear and, as it were, stop for an instant, like air retained in the lungs, a spot so enchanting — a lawn, a terrace — such perfect expression of tender, well-meaning beauty — that it seemed that if one could stop the train and go thither, forever, to you, my love ... But a thousand beech trunks were already madly leaping by, whirling in a sizzling sun pool, and again the chance for happiness was gone.

This short story appears in The American Idea.

Cloud, Castle, Lake | Vladimir Nabokov | June 1941 | The Atlantic

Gold Star.

Last night Doris Lessing, aged 88, was awarded the Nobel Prize for Literature. In her acceptance speech she recalls her childhood in Africa and laments that children in Zimbabwe are starving for knowledge, while those in more privileged countries shun reading for the 'inanities' of the internet.

All done. I could take the rest of the month off now, to read.

Doris Lessing's acceptance speech for her Nobel Prize for Literature

Imagine a library that collected all the world's information about all the world's books and made it available for everyone to view and update. We're building that library.

The Open Library (Open Library)

“You gave your life to become the person you are right now. Was it worth it?”

This is the tale of the failed love affair in the heart of many who have embraced America and felt horrified by its post-9/11 transformation.

Booklist gave it a starred review:

Presented in the form of a monologue, which is a difficult technique to manage in a novel because the author has to ensure plausibility while guarding against monotony, Hamid's second novel succeeds so well it begs the question--what other narrative format than a sustained monologue could have been as appropriate? Generally, this is a 9/11 novel or, rather, a post-9/11 one. But to see it on its own terms, which, because of its distinctive scenario, is impossible not to do, it eludes categorization. A young Pakistani man, educated at Princeton and employed in a highly prestigious financial-analysis firm in New York, was about to start a brilliant career and had fallen for a young woman whose commitment to him, it must be admitted, was partial and elusive when the terrorist attacks occurred. Answering to his own conscience, he could not remain in the U.S. By the pull of his true personal identity, he must return to Pakistan, despite his reluctance to leave the enigmatic but beguiling young woman behind. From the perspective of a few years later, the young man relates his American experiences to an American man he meets in a cafe, whose visit to Lahore may or may not have to do with the young man's recent anti-American activities. This novel's firm, steady, even beautiful voice proclaims the completeness of the soul when personal and global issues are conjoined.

It is recently reviewed in Tehelka, "India's leading weekly independent newspaper":

Pakistani writer Mohsin Hamid’s provocative new novel, The Reluctant Fundamentalist, is as much about America as it is about Islam. It makes one rethink the meaning of fundamentalism, writes Salil Tripathi.

The Reluctant Fundamentalist, by Mohsin Hamid

Ideas are abstract. They become books only when they are clothed with people and narrative.
--V.S. Naipaul

Compare with the Louis Kahn quote from yesterday.

The long way round | V.S. Naipaul

The word “scrotum” does not often appear in polite conversation. Or children’s literature, for that matter. Yet there it is on the first page of “The Higher Power of Lucky,” by Susan Patron, this year’s winner of the Newbery Medal, the most prestigious award in children’s literature.

Sammy told of the day when he had drunk half a gallon of rum listening to Johnny Cash all morning in his parked '62 Cadillac, then fallen out of the car when he saw a rattlesnake on the passenger seat biting his dog, Roy, on the scrotum.

I am reminded of Manohla Dargis's review of 'The Polar Express':

Tots surely won't recognize that Santa's big entrance in front of the throngs of frenzied elves and awe-struck children directly evokes, however unconsciously, one of Hitler's Nuremberg rally entrances in Leni Riefenstahl's "Triumph of the Will." But their parents may marvel that when Santa's big red sack of toys is hoisted from factory floor to sleigh it resembles nothing so much as an airborne scrotum.

In the preface to "Style: Toward Clarity and Grace" [2], Joseph Williams writes:

Whether we are readers or writers, teachers or editors, all of us in professional communities must understand three things about complex writing:

* it may precisely reflect complex ideas,
* it may gratuitously complicate complex ideas,
* it may gratuitously complicate simple ideas.

...

Here is an example of the third kind of complexity:

The absence from this dictionary of the a handful of old, well-known vulgate terms for sexual and excretory organs and functions is not due to a lack of citations for these words from current literature. On the contrary, the profusion of such citations in recent years would suggest that the terms in question are so well known as to require no explanation. The decision to eliminate them as part of the extensive culling process that is the inevitable task fo the lexicographer was made on the practical grounds that there is still objection in many quarters to the appearance of these terms in print and that to risk keeping this dictionary out of the hands of some students by introducing several terms that require little if any elucidation would be unwise.
-- From the foreword, Webster's New World Dictionary of the American Language

This means,

We excluded vulgar words for sex and excretion not because we could not find them. We excluded them because many people object to seeing them. Had we included them, some teachers and schoolboards would have refused to let this dictionary be used by their students, who in any event already know what these words mean.

You'll also find the above excerpt discussed in American Lexicography, 1945-1973, an article by Clarence Barnhart, published in American Speech in the summer of 1978. (Subscription required for access to full text.)

With One Word, Children’s Book Sets Off Uproar