Para os mais interessados, eis aqui o depoimento do Presidente do Banco Central do Brasil sobre a crise financeira!
Archive for 22 outubro, 2008
President of the Brazilian Central Bank speaks about financial crisis (Pronunciamento do Presidente do Banco Central do Brasil sobre a crise financeira)outubro 22, 2008
Um editorial tranquilizador da revista Slate sobre a resposta que a economia internacional está dando depois de uma concertada intervenção dos governos de vários países!
Posted Tuesday, Oct. 21, 2008, at 5:57 AM ET
The New York Times leads with a look at how the credit markets gave encouraging signs yesterday as the crunch appeared to ease somewhat and money began to tentatively flow through the financial system. Wall Street cheered at the positive signs and the Dow Jones industrial average soared 4.7 percent. The Washington Post mentions the developments in the credit markets in its lead story but focuses on Federal Reserve Chairman Ben Bernanke’s endorsement of plans for a new stimulus package, which was also partly responsible for the increase in the stock markets. Bernanke told lawmakers that because the economy is “likely to be weak for several quarters” and there’s “some risk of a protracted slowdown,” a new stimulus package “seems appropriate.” The Wall Street Journal leads its world-wide newsbox with Barack Obama’s rallies in Florida that coincided with the beginning of early voting in that state. By the middle of this week, voters in 18 states will be able to head to the polls, and Democrats are eager to mobilize supporters as early as possible to capitalize on Obama’s current lead in the polls. The Democratic candidate announced he’ll be canceling campaign events Thursday and Friday to visit his gravely ill grandmother in Hawaii.
The encouraging signs from the credit markets seem to suggest that the unprecedented global effort to tackle the financial crisis is making a difference. One critical measure of the borrowing rate between banks, known as LIBOR, dropped yesterday by the largest amount in nine months, which is “an indication of growing confidence in the financial system,” notes the NYT. The VIX index, which measures volatility in the market, fell 25 percent from Friday, and interest rates on commercial paper “fell to a four-month low.” While no one thinks we’re out of the woods yet, these were all seen as signs that fear is receding and that the credit markets are inching toward normalcy. In a piece inside, the WSJ also notes these positive developments but says it could still “be weeks or months before the markets return to normal.”
Eis aqui um interessante depoimento de um renomado jornalista sobre as suas razões para acreditar nesta nova forma de comunicar, que é o ato de “bloguear” (produzir um blog)! A matéria foi editada na revista americana The Atlantic, para sua edição de novembro.
The word blog is a conflation of two words: Web and log. It contains in its four letters a concise and accurate self-description: it is a log of thoughts and writing posted publicly on the World Wide Web. In the monosyllabic vernacular of the Internet, Web log soon became the word blog.
This form of instant and global self-publishing, made possible by technology widely available only for the past decade or so, allows for no retroactive editing (apart from fixing minor typos or small glitches) and removes from the act of writing any considered or lengthy review. It is the spontaneous expression of instant thought—impermanent beyond even the ephemera of daily journalism. It is accountable in immediate and unavoidable ways to readers and other bloggers, and linked via hypertext to continuously multiplying references and sources. Unlike any single piece of print journalism, its borders are extremely porous and its truth inherently transitory. The consequences of this for the act of writing are still sinking in.
A ship’s log owes its name to a small wooden board, often weighted with lead, that was for centuries attached to a line and thrown over the stern. The weight of the log would keep it in the same place in the water, like a provisional anchor, while the ship moved away. By measuring the length of line used up in a set period of time, mariners could calculate the speed of their journey (the rope itself was marked by equidistant “knots” for easy measurement). As a ship’s voyage progressed, the course came to be marked down in a book that was called a log.
In journeys at sea that took place before radio or radar or satellites or sonar, these logs were an indispensable source for recording what actually happened. They helped navigators surmise where they were and how far they had traveled and how much longer they had to stay at sea. They provided accountability to a ship’s owners and traders. They were designed to be as immune to faking as possible. Away from land, there was usually no reliable corroboration of events apart from the crew’s own account in the middle of an expanse of blue and gray and green; and in long journeys, memories always blur and facts disperse. A log provided as accurate an account as could be gleaned in real time.
As you read a log, you have the curious sense of moving backward in time as you move forward in pages—the opposite of a book. As you piece together a narrative that was never intended as one, it seems—and is—more truthful. Logs, in this sense, were a form of human self-correction. They amended for hindsight, for the ways in which human beings order and tidy and construct the story of their lives as they look back on them. Logs require a letting-go of narrative because they do not allow for a knowledge of the ending. So they have plot as well as dramatic irony—the reader will know the ending before the writer did.
Anyone who has blogged his thoughts for an extended time will recognize this world. We bloggers have scant opportunity to collect our thoughts, to wait until events have settled and a clear pattern emerges. We blog now—as news reaches us, as facts emerge. This is partly true for all journalism, which is, as its etymology suggests, daily writing, always subject to subsequent revision. And a good columnist will adjust position and judgment and even political loyalty over time, depending on events. But a blog is not so much daily writing as hourly writing. And with that level of timeliness, the provisionality of every word is even more pressing—and the risk of error or the thrill of prescience that much greater.
No columnist or reporter or novelist will have his minute shifts or constant small contradictions exposed as mercilessly as a blogger’s are. A columnist can ignore or duck a subject less noticeably than a blogger committing thoughts to pixels several times a day. A reporter can wait—must wait—until every source has confirmed. A novelist can spend months or years before committing words to the world. For bloggers, the deadline is always now. Blogging is therefore to writing what extreme sports are to athletics: more free-form, more accident-prone, less formal, more alive. It is, in many ways, writing out loud.
You end up writing about yourself, since you are a relatively fixed point in this constant interaction with the ideas and facts of the exterior world. And in this sense, the historic form closest to blogs is the diary. But with this difference: a diary is almost always a private matter. Its raw honesty, its dedication to marking life as it happens and remembering life as it was, makes it a terrestrial log. A few diaries are meant to be read by others, of course, just as correspondence could be—but usually posthumously, or as a way to compile facts for a more considered autobiographical rendering. But a blog, unlike a diary, is instantly public. It transforms this most personal and retrospective of forms into a painfully public and immediate one. It combines the confessional genre with the log form and exposes the author in a manner no author has ever been exposed before.
I remember first grappling with what to put on my blog. It was the spring of 2000 and, like many a freelance writer at the time, I had some vague notion that I needed to have a presence “online.” I had no clear idea of what to do, but a friend who ran a Web-design company offered to create a site for me, and, since I was technologically clueless, he also agreed to post various essays and columns as I wrote them. Before too long, this became a chore for him, and he called me one day to say he’d found an online platform that was so simple I could henceforth post all my writing myself. The platform was called Blogger.
As I used it to post columns or links to books or old essays, it occurred to me that I could also post new writing—writing that could even be exclusive to the blog. But what? Like any new form, blogging did not start from nothing. It evolved from various journalistic traditions. In my case, I drew on my mainstream-media experience to navigate the virgin sea. I had a few early inspirations: the old Notebook section of The New Republic, a magazine that, under the editorial guidance of Michael Kinsley, had introduced a more English style of crisp, short commentary into what had been a more high-minded genre of American opinion writing. The New Republic had also pioneered a Diarist feature on the last page, which was designed to be a more personal, essayistic, first-person form of journalism. Mixing the two genres, I did what I had been trained to do—and improvised.
I’d previously written online as well, contributing to a listserv for gay writers and helping Kinsley initiate a more discursive form of online writing for Slate, the first magazine published exclusively on the Web. As soon as I began writing this way, I realized that the online form rewarded a colloquial, unfinished tone. In one of my early Kinsley-guided experiments, he urged me not to think too hard before writing. So I wrote as I’d write an e-mail—with only a mite more circumspection. This is hazardous, of course, as anyone who has ever clicked Send in a fit of anger or hurt will testify. But blogging requires an embrace of such hazards, a willingness to fall off the trapeze rather than fail to make the leap.
From the first few days of using the form, I was hooked. The simple experience of being able to directly broadcast my own words to readers was an exhilarating literary liberation. Unlike the current generation of writers, who have only ever blogged, I knew firsthand what the alternative meant. I’d edited a weekly print magazine, The New Republic, for five years, and written countless columns and essays for a variety of traditional outlets. And in all this, I’d often chafed, as most writers do, at the endless delays, revisions, office politics, editorial fights, and last-minute cuts for space that dead-tree publishing entails. Blogging—even to an audience of a few hundred in the early days—was intoxicatingly free in comparison. Like taking a narcotic.
It was obvious from the start that it was revolutionary. Every writer since the printing press has longed for a means to publish himself and reach—instantly—any reader on Earth. Every professional writer has paid some dues waiting for an editor’s nod, or enduring a publisher’s incompetence, or being ground to literary dust by a legion of fact-checkers and copy editors. If you added up the time a writer once had to spend finding an outlet, impressing editors, sucking up to proprietors, and proofreading edits, you’d find another lifetime buried in the interstices. But with one click of the Publish Now button, all these troubles evaporated.
Alas, as I soon discovered, this sudden freedom from above was immediately replaced by insurrection from below. Within minutes of my posting something, even in the earliest days, readers responded. E-mail seemed to unleash their inner beast. They were more brutal than any editor, more persnickety than any copy editor, and more emotionally unstable than any colleague.
Again, it’s hard to overrate how different this is. Writers can be sensitive, vain souls, requiring gentle nurturing from editors, and oddly susceptible to the blows delivered by reviewers. They survive, for the most part, but the thinness of their skins is legendary. Moreover, before the blogosphere, reporters and columnists were largely shielded from this kind of direct hazing. Yes, letters to the editor would arrive in due course and subscriptions would be canceled. But reporters and columnists tended to operate in a relative sanctuary, answerable mainly to their editors, not readers. For a long time, columns were essentially monologues published to applause, muffled murmurs, silence, or a distant heckle. I’d gotten blowback from pieces before—but in an amorphous, time-delayed, distant way. Now the feedback was instant, personal, and brutal.
And so blogging found its own answer to the defensive counterblast from the journalistic establishment. To the charges of inaccuracy and unprofessionalism, bloggers could point to the fierce, immediate scrutiny of their readers. Unlike newspapers, which would eventually publish corrections in a box of printed spinach far from the original error, bloggers had to walk the walk of self-correction in the same space and in the same format as the original screwup. The form was more accountable, not less, because there is nothing more conducive to professionalism than being publicly humiliated for sloppiness. Of course, a blogger could ignore an error or simply refuse to acknowledge mistakes. But if he persisted, he would be razzed by competitors and assailed by commenters and abandoned by readers. In an era when the traditional media found itself beset by scandals as disparate as Stephen Glass, Jayson Blair, and Dan Rather, bloggers survived the first assault on their worth. In time, in fact, the high standards expected of well-trafficked bloggers spilled over into greater accountability, transparency, and punctiliousness among the media powers that were. Even New York Times columnists were forced to admit when they had been wrong.
The blog remained a superficial medium, of course. By superficial, I mean simply that blogging rewards brevity and immediacy. No one wants to read a 9,000-word treatise online. On the Web, one-sentence links are as legitimate as thousand-word diatribes—in fact, they are often valued more. And, as Matt Drudge told me when I sought advice from the master in 2001, the key to understanding a blog is to realize that it’s a broadcast, not a publication. If it stops moving, it dies. If it stops paddling, it sinks.
But the superficiality masked considerable depth—greater depth, from one perspective, than the traditional media could offer. The reason was a single technological innovation: the hyperlink. An old-school columnist can write 800 brilliant words analyzing or commenting on, say, a new think-tank report or scientific survey. But in reading it on paper, you have to take the columnist’s presentation of the material on faith, or be convinced by a brief quotation (which can always be misleading out of context). Online, a hyperlink to the original source transforms the experience. Yes, a few sentences of bloggy spin may not be as satisfying as a full column, but the ability to read the primary material instantly—in as careful or shallow a fashion as you choose—can add much greater context than anything on paper. Even a blogger’s chosen pull quote, unlike a columnist’s, can be effortlessly checked against the original. Now this innovation, pre-dating blogs but popularized by them, is increasingly central to mainstream journalism.
A blog, therefore, bobs on the surface of the ocean but has its anchorage in waters deeper than those print media is technologically able to exploit. It disempowers the writer to that extent, of course. The blogger can get away with less and afford fewer pretensions of authority. He is—more than any writer of the past—a node among other nodes, connected but unfinished without the links and the comments and the track-backs that make the blogosphere, at its best, a conversation, rather than a production.
A writer fully aware of and at ease with the provisionality of his own work is nothing new. For centuries, writers have experimented with forms that suggest the imperfection of human thought, the inconstancy of human affairs, and the humbling, chastening passage of time. If you compare the meandering, questioning, unresolved dialogues of Plato with the definitive, logical treatises of Aristotle, you see the difference between a skeptic’s spirit translated into writing and a spirit that seeks to bring some finality to the argument. Perhaps the greatest single piece of Christian apologetics, Pascal’s Pensées, is a series of meandering, short, and incomplete stabs at arguments, observations, insights. Their lack of finish is what makes them so compelling—arguably more compelling than a polished treatise by Aquinas.
Or take the brilliant polemics of Karl Kraus, the publisher of and main writer for Die Fackel, who delighted in constantly twitting authority with slashing aphorisms and rapid-fire bursts of invective. Kraus had something rare in his day: the financial wherewithal to self-publish. It gave him a fearlessness that is now available to anyone who can afford a computer and an Internet connection.
But perhaps the quintessential blogger avant la lettre was Montaigne. His essays were published in three major editions, each one longer and more complex than the previous. A passionate skeptic, Montaigne amended, added to, and amplified the essays for each edition, making them three-dimensional through time. In the best modern translations, each essay is annotated, sentence by sentence, paragraph by paragraph, by small letters (A, B, and C) for each major edition, helping the reader see how each rewrite added to or subverted, emphasized or ironized, the version before. Montaigne was living his skepticism, daring to show how a writer evolves, changes his mind, learns new things, shifts perspectives, grows older—and that this, far from being something that needs to be hidden behind a veneer of unchanging authority, can become a virtue, a new way of looking at the pretensions of authorship and text and truth. Montaigne, for good measure, also peppered his essays with myriads of what bloggers would call external links. His own thoughts are strewn with and complicated by the aphorisms and anecdotes of others. Scholars of the sources note that many of these “money quotes” were deliberately taken out of context, adding layers of irony to writing that was already saturated in empirical doubt.
To blog is therefore to let go of your writing in a way, to hold it at arm’s length, open it to scrutiny, allow it to float in the ether for a while, and to let others, as Montaigne did, pivot you toward relative truth. A blogger will notice this almost immediately upon starting. Some e-mailers, unsurprisingly, know more about a subject than the blogger does. They will send links, stories, and facts, challenging the blogger’s view of the world, sometimes outright refuting it, but more frequently adding context and nuance and complexity to an idea. The role of a blogger is not to defend against this but to embrace it. He is similar in this way to the host of a dinner party. He can provoke discussion or take a position, even passionately, but he also must create an atmosphere in which others want to participate.
That atmosphere will inevitably be formed by the blogger’s personality. The blogosphere may, in fact, be the least veiled of any forum in which a writer dares to express himself. Even the most careful and self-aware blogger will reveal more about himself than he wants to in a few unguarded sentences and publish them before he has the sense to hit Delete. The wise panic that can paralyze a writer—the fear that he will be exposed, undone, humiliated—is not available to a blogger. You can’t have blogger’s block. You have to express yourself now, while your emotions roil, while your temper flares, while your humor lasts. You can try to hide yourself from real scrutiny, and the exposure it demands, but it’s hard. And that’s what makes blogging as a form stand out: it is rich in personality. The faux intimacy of the Web experience, the closeness of the e-mail and the instant message, seeps through. You feel as if you know bloggers as they go through their lives, experience the same things you are experiencing, and share the moment. When readers of my blog bump into me in person, they invariably address me as Andrew. Print readers don’t do that. It’s Mr. Sullivan to them.
On my blog, my readers and I experienced 9/11 together, in real time. I can look back and see not just how I responded to the event, but how I responded to it at 3:47 that afternoon. And at 9:46 that night. There is a vividness to this immediacy that cannot be rivaled by print. The same goes for the 2000 recount, the Iraq War, the revelations of Abu Ghraib, the death of John Paul II, or any of the other history-making events of the past decade. There is simply no way to write about them in real time without revealing a huge amount about yourself. And the intimate bond this creates with readers is unlike the bond that the The Times, say, develops with its readers through the same events. Alone in front of a computer, at any moment, are two people: a blogger and a reader. The proximity is palpable, the moment human—whatever authority a blogger has is derived not from the institution he works for but from the humanness he conveys. This is writing with emotion not just under but always breaking through the surface. It renders a writer and a reader not just connected but linked in a visceral, personal way. The only term that really describes this is friendship. And it is a relatively new thing to write for thousands and thousands of friends.
These friends, moreover, are an integral part of the blog itself—sources of solace, company, provocation, hurt, and correction. If I were to do an inventory of the material that appears on my blog, I’d estimate that a good third of it is reader-generated, and a good third of my time is spent absorbing readers’ views, comments, and tips. Readers tell me of breaking stories, new perspectives, and counterarguments to prevailing assumptions. And this is what blogging, in turn, does to reporting. The traditional method involves a journalist searching for key sources, nurturing them, and sequestering them from his rivals. A blogger splashes gamely into a subject and dares the sources to come to him.
Some of this material—e-mails from soldiers on the front lines, from scientists explaining new research, from dissident Washington writers too scared to say what they think in their own partisan redoubts—might never have seen the light of day before the blogosphere. And some of it, of course, is dubious stuff. Bloggers can be spun and misled as easily as traditional writers—and the rigorous source assessment that good reporters do can’t be done by e-mail. But you’d be surprised by what comes unsolicited into the in-box, and how helpful it often is.
Not all of it is mere information. Much of it is also opinion and scholarship, a knowledge base that exceeds the research department of any newspaper. A good blog is your own private Wikipedia. Indeed, the most pleasant surprise of blogging has been the number of people working in law or government or academia or rearing kids at home who have real literary talent and real knowledge, and who had no outlet—until now. There is a distinction here, of course, between the edited use of e-mailed sources by a careful blogger and the often mercurial cacophony on an unmediated comments section. But the truth is out there—and the miracle of e-mail allows it to come to you.
Fellow bloggers are always expanding this knowledge base. Eight years ago, the blogosphere felt like a handful of individual cranks fighting with one another. Today, it feels like a universe of cranks, with vast, pulsating readerships, fighting with one another. To the neophyte reader, or blogger, it can seem overwhelming. But there is a connection between the intimacy of the early years and the industry it has become today. And the connection is human individuality.
The pioneers of online journalism—Slate and Salon—are still very popular, and successful. But the more memorable stars of the Internet—even within those two sites—are all personally branded. Daily Kos, for example, is written by hundreds of bloggers, and amended by thousands of commenters. But it is named after Markos Moulitsas, who started it, and his own prose still provides a backbone to the front-page blog. The biggest news-aggregator site in the world, the Drudge Report, is named after its founder, Matt Drudge, who somehow conveys a unified sensibility through his selection of links, images, and stories. The vast, expanding universe of The Huffington Post still finds some semblance of coherence in the Cambridge-Greek twang of Arianna; the entire world of online celebrity gossip circles the drain of Perez Hilton; and the investigative journalism, reviewing, and commentary of Talking Points Memo is still tied together by the tone of Josh Marshall. Even Slate is unimaginable without Mickey Kaus’s voice.
What endures is a human brand. Readers have encountered this phenomenon before—I.F. Stone’s Weekly comes to mind—but not to this extent. It stems, I think, from the conversational style that blogging rewards. What you want in a conversationalist is as much character as authority. And if you think of blogging as more like talk radio or cable news than opinion magazines or daily newspapers, then this personalized emphasis is less surprising. People have a voice for radio and a face for television. For blogging, they have a sensibility.
But writing in this new form is a collective enterprise as much as it is an individual one—and the connections between bloggers are as important as the content on the blogs. The links not only drive conversation, they drive readers. The more you link, the more others will link to you, and the more traffic and readers you will get. The zero-sum game of old media—in which Time benefits from Newsweek’s decline and vice versa—becomes win-win. It’s great for Time to be linked to by Newsweek and the other way round. One of the most prized statistics in the blogosphere is therefore not the total number of readers or page views, but the “authority” you get by being linked to by other blogs. It’s an indication of how central you are to the online conversation of humankind.
The reason this open-source market of thinking and writing has such potential is that the always adjusting and evolving collective mind can rapidly filter out bad arguments and bad ideas. The flip side, of course, is that bloggers are also human beings. Reason is not the only fuel in the tank. In a world where no distinction is made between good traffic and bad traffic, and where emotion often rules, some will always raise their voice to dominate the conversation; others will pander shamelessly to their readers’ prejudices; others will start online brawls for the fun of it. Sensationalism, dirt, and the ease of formulaic talking points always beckon. You can disappear into the partisan blogosphere and never stumble onto a site you disagree with.
But linkage mitigates this. A Democratic blog will, for example, be forced to link to Republican ones, if only to attack and mock. And it’s in the interests of both camps to generate shared traffic. This encourages polarized slugfests. But online, at least you see both sides. Reading The Nation or National Review before the Internet existed allowed for more cocooning than the wide-open online sluice gates do now. If there’s more incivility, there’s also more fluidity. Rudeness, in any case, isn’t the worst thing that can happen to a blogger. Being ignored is. Perhaps the nastiest thing one can do to a fellow blogger is to rip him apart and fail to provide a link.
A successful blog therefore has to balance itself between a writer’s own take on the world and others. Some bloggers collect, or “aggregate,” other bloggers’ posts with dozens of quick links and minimalist opinion topspin: Glenn Reynolds at Instapundit does this for the right-of-center; Duncan Black at Eschaton does it for the left. Others are more eclectic, or aggregate links in a particular niche, or cater to a settled and knowledgeable reader base. A “blogroll” is an indicator of whom you respect enough to keep in your galaxy. For many years, I kept my reading and linking habits to a relatively small coterie of fellow political bloggers. In today’s blogosphere, to do this is to embrace marginality. I’ve since added links to religious blogs and literary ones and scientific ones and just plain weird ones. As the blogosphere has expanded beyond anyone’s capacity to absorb it, I’ve needed an assistant and interns to scour the Web for links and stories and photographs to respond to and think about. It’s a difficult balance, between your own interests and obsessions, and the knowledge, insight, and wit of others—but an immensely rich one. There are times, in fact, when a blogger feels less like a writer than an online disc jockey, mixing samples of tunes and generating new melodies through mashups while also making his own music. He is both artist and producer—and the beat always goes on.
If all this sounds postmodern, that’s because it is. And blogging suffers from the same flaws as postmodernism: a failure to provide stable truth or a permanent perspective. A traditional writer is valued by readers precisely because they trust him to have thought long and hard about a subject, given it time to evolve in his head, and composed a piece of writing that is worth their time to read at length and to ponder. Bloggers don’t do this and cannot do this—and that limits them far more than it does traditional long-form writing.
A blogger will air a variety of thoughts or facts on any subject in no particular order other than that dictated by the passing of time. A writer will instead use time, synthesizing these thoughts, ordering them, weighing which points count more than others, seeing how his views evolved in the writing process itself, and responding to an editor’s perusal of a draft or two. The result is almost always more measured, more satisfying, and more enduring than a blizzard of posts. The triumphalist notion that blogging should somehow replace traditional writing is as foolish as it is pernicious. In some ways, blogging’s gifts to our discourse make the skills of a good traditional writer much more valuable, not less. The torrent of blogospheric insights, ideas, and arguments places a greater premium on the person who can finally make sense of it all, turning it into something more solid, and lasting, and rewarding.
The points of this essay, for example, have appeared in shards and fragments on my blog for years. But being forced to order them in my head and think about them for a longer stretch has helped me understand them better, and perhaps express them more clearly. Each week, after a few hundred posts, I also write an actual newspaper column. It invariably turns out to be more considered, balanced, and evenhanded than the blog. But the blog will always inform and enrich the column, and often serve as a kind of free-form, free-associative research. And an essay like this will spawn discussion best handled on a blog. The conversation, in other words, is the point, and the different idioms used by the conversationalists all contribute something of value to it. And so, if the defenders of the old media once viscerally regarded blogging as some kind of threat, they are starting to see it more as a portal, and a spur.
There is, after all, something simply irreplaceable about reading a piece of writing at length on paper, in a chair or on a couch or in bed. To use an obvious analogy, jazz entered our civilization much later than composed, formal music. But it hasn’t replaced it; and no jazz musician would ever claim that it could. Jazz merely demands a different way of playing and listening, just as blogging requires a different mode of writing and reading. Jazz and blogging are intimate, improvisational, and individual—but also inherently collective. And the audience talks over both.
The reason they talk while listening, and comment or link while reading, is that they understand that this is a kind of music that needs to be engaged rather than merely absorbed. To listen to jazz as one would listen to an aria is to miss the point. Reading at a monitor, at a desk, or on an iPhone provokes a querulous, impatient, distracted attitude, a demand for instant, usable information, that is simply not conducive to opening a novel or a favorite magazine on the couch. Reading on paper evokes a more relaxed and meditative response. The message dictates the medium. And each medium has its place—as long as one is not mistaken for the other.
In fact, for all the intense gloom surrounding the news-paper and magazine business, this is actually a golden era for journalism. The blogosphere has added a whole new idiom to the act of writing and has introduced an entirely new generation to nonfiction. It has enabled writers to write out loud in ways never seen or understood before. And yet it has exposed a hunger and need for traditional writing that, in the age of television’s dominance, had seemed on the wane.
Words, of all sorts, have never seemed so now.