Looking back at the city from the Church of Scotland.
From the gardens of Gethsemane.
Between the Zion and Jaffa gates.

Frustrated by the dearth of holiday movies for ferret lovers, Alison Parker, a Vancouver-based filmmaker, directed “Santa’s Little Ferrets,” which she plans to start shopping to television networks early next year. “If you’re a dog or cat person, you’re covered when it comes to holiday movies,” says Ms. Parker. “There’s nothing out there for people who have ferrets.”Most of the article addresses the compulsion to dress up our animals in seasonal themes, which I understand very well. My smallest dog always acts like she's cold, snuggling under blankets if the house falls below 72 degrees. It seemed a perfect excuse to buy her an adorable little snowflake-patterned sweater this Christmas. I can't quite decide if she likes it. She certainly objects to being put into it, but is the look she gives me afterward one of grateful warmth, mute anguish, or just her usual inscrutable googly-eyed stare? My niece reports that her chihuahua loves being dressed and rolls over in anticipation. This is not my experience.
“Treating a pet like a family member makes you feel really happy,” [pet stylist Dara Foster] says. “If people could put a Christmas sweater on a fish, they would.”Oh, don't count us out yet. But I think my dogs would prefer finding some Christmas ferrets under the tree. I'll never forget, some thirty years ago, watching a housemate's cat run up the trunk of a fully decorated Christmas tree, pursued by a single-minded visiting dog.

Every Scylding in Heorot liked mead a lot,It's a funny poem, but that structure suggests that we have a lot of real-life Grendels in the world these days. Fortunately, we know what the answer to that problem looks like.
But Grendel the beast, roaring outside did not.
Grendel hated Scyldings, the whole Danish clan.
Can I say why? I don’t think I can.
He spied on the Scyldings, he fumed and he wailed.
He watched as in Heorot they drank mead and drank ale.
“How can I hurt them, the king and his thanes?”
Alone in his barrow, it drove him insane.
Then he got an idea! An awful idea!
Grendel got a horrible, awful idea!
That fiendish old monster was up to no good.
He decided to kill them and gorge on their blood....
First of all, your jury, while quite under your best level of playing at present, did show some big improvements in important areas, especially more natural use of your body and in overall musicality of approach. Of course, I knew as you were playing that you were very uncomfortable internally and that the mistakes were getting you rattled. However, contrary to what you said, your sound was not bad except for some harshness at the beginning . . . .
Internal feelings not withstanding, your jury was from an expressive point of view quite decent and ALL of the faculty noted a fine improvement in overall artistry over their previous impressions of your playing. . . . These people are all good musicians, [name redacted], and I don’t think they would lie to you; you can read the jury sheets and they are all very complimentary. . . .
You are right in having high standards, wanting only the best level for yourself. You are also partially right in being disappointed with your showing today and in knowing that you cannot claim a professional level of public performance with these kinds of mistakes. You must keep in mind, though, where you are pianistically at the moment and also that the players in the school who are consistently free of errors slave away at the instrument six hours a day or more at present and have done so for many years prior to coming into the school. You have not focused so single-mindedly on the piano, although you have cultivated other areas in compensation--intellect, general musical knowledge and artistic creativity. There is plenty of good stuff to build upon. . . . There will be successes such as your first master class performance and disappointments too. Expect a bumpy ride as a matter of course. It will take a tremendous amount of will for you to succeed at this. The important thing is to stay centered--treat both success and failure as the impostors that they really are. . . .
Your email is very soul searching and thoughtful, but I think there is a simpler explanation to what happened today. It is not so much that you played the wrong repertoire or are on the wrong path (although mindless practicing is obviously bad and more mental practicing indeed is an important piece of the puzzle for you). My feeling at present is that you simply need more experience performing to get used to nervous pressure. Just get up and do it. Your hyper-active mind can be your enemy--I would advise you not to overanalyze situations like this. And of course, we will roll up our sleeves and figure out what repertoire and technique you must do now to make you a stronger player.
. . . Above all, don’t let any one uncomfortable performance stop you. It is only one performance. If you played this same jury again tomorrow, there would be a good chance that you would ace it. You know what your real level is at present and more experience will narrow the gap between intention and result.I admire this teacher's balance between encouragement and discipline. He's not likely to let his sensitive but driven young charge fall into either discouragement or complacency.
Are you tired of large corporate law firms making the same cookie cutter litigation? Do you fondly remember a time when quality mattered in law suits, when there was art and craftsmanship in every court motion filed, when company records were drafted using the traditional methods and tools? If you have become dissatisfied with mass-produced legal representation, stop by my scriveners shop; for I am an artisanal attorney.
* * *
How is an artisanal attorney different from any other attorney? Like other artisans, I pay close attention to my ingredients and process; I am intimately involved in all stages of creation. Other attorneys print their documents on paper they buy in mass-produced boxes, tens of thousands of sheets at a time, using ink that mechanically jets onto the page. I make my own paper by hand, using the traditional methods of 14th-century book publishers, who printed their works on linen and vellum. The flax for the linen grows along the sides of a nearby swimming hole, and the plants’ growth is influenced by the laughter of children in the summer, when I pick it by hand. . . .And all the law is imported from Portugal.
The original legislation required major banks to “push out” some of their swaps business — for example, hedging the risk in their securities trading book for market making on behalf of clients — into “non-bank” subsidiaries which do not take deposits and are not insured or covered by the deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). The idea was that a failure of one of these “push out” subsidiaries would have no call on the FDIC and “taxpayer bailouts”. Most more-or-less conventional hedging activity such as interest rate swaps, which mitigate risk in the banks’ loan books, was allowed to remain in the bank subsidiaries anyway. Hedging on equity securities and commodities would be forced into a non-bank subsidiary by the “push-out” rule. While relatively modest in volume terms for the banks, they are more profitable and likely have more strategic value for the banks’ clients (especially commodities hedging).
The revision would loosen this requirement of Dodd-Frank and permit much of the “push-out” swap activity to remain in the FDIC-insured bank subsidiaries of the large bank holding companies–mainly Citicorp, Bank of America, JPMorgan Chase and Wells Fargo. (Morgan Stanley and Goldman Sachs already conduct their swaps and derivatives activity in non-bank subsidiaries.) There are efficiency, cost and operational benefits for these institutions to retain all swaps activity done for hedging purposes in the bank subsidiaries, as explained by Fitch Ratings. Regional banks are interested in the change to Dodd-Frank as well since they do not typically have securities (non-bank) subsidiaries and conduct their swaps activities as a commercial banking service within their FDIC bank. But, admittedly, this is of interest to no more than about two dozen institutions, so politically could be viewed as narrow interest legislation.
However, there is no reason to think that the “push-out” provision of Dodd-Frank has lessened the “too big to fail” risk of major financial institutions at all! The recent analysis of the effects on “too big to fail”, i.e., “taxpayer” “bailouts” by the House Financial Services Committee, detailed the several mechanisms by which Dodd-Frank itself provides bailouts irrespective of whether an institution is an FDIC bank. Quite simply, if the concern is the risk in regulated FDIC backed banks, hedging of risks with swaps and other derivatives would seem beneficial. Indeed, both the former Federal Reserve Bank Chairman and FDIC Chairman, neither an ideologue and the latter a Democrat, support the change because to move this risk management hedging activity out of tightly regulated banks may actually increase systemic risk, as well as cost, for little discernible benefit.
So why oppose it? The counterargument is that all these activities simply cannot be controlled within the banks and inevitably will lead to future “bailouts”. In particular, I suspect that an exemption for high quality hedges on structured securities, i.e., bundles of underlying loans, has raised concerns among the Dems. But why a Credit Default Swap is a “risky bet,” but loans with the same borrower are not “risky bets,” has never been explained.Eh. What difference, at this point, does it make? It has to do with big banks, and it's arcane, and journalists are as inclined as their reading public to equate "derivatives" with the collapse of the American banking system. So it's a good way to explain why attacking this budget deal and risking a government shutdown has suddenly become a principled Progressive stand in favor of middle-class America, instead of the terroristic right-wing tactic of only a couple of years ago.