Posts Tagged ‘Trent Reznor’

Numberscruncher: Perfectly Imperfect Information

19990607-750-0[1]Eugene Fama is the Susan Lucci of the Nobel Prize world. He not only developed the Efficient Markets Hypothesis, which sits beneath almost every theory in finance, but he also is on faculty at the University of Chicago, a Nobel factory. Still, Fama has not received the early-morning call from Sweden. That’s too bad. The Efficient Markets Hypothesis says that market prices are accurate because everyone has the information needed to make rational investment decisions. In the real world, markets are not perfectly efficient, but they are close. The Efficient Markets Hypothesis assumption helps people try to figure out where the flaws are. (It goes without saying that those people who believe that markets are always efficient do not see the flaws and make mistakes. Fama, by the way, does not think markets are perfectly efficient.)

The Efficient Markets Hypothesis doesn’t assume that everyone involved is wise, but that there are more people with good information than bad information. The signal-to-noise ratio is high enough that the irrational and uninformed traders cancel each other out. Over the long run, this seems to be true, but there can be enormous deviations from efficiency in the short term as traders figure out who has the right information. (more…)

Bootleg City: Material Issue in Cleveland, May ‘91

Back in 1992, my girlfriend received a 16th-birthday mix tape from a friend of ours named Tai. There were no artists or song titles listed on the cassette label, making the tape something of a mystery gift. My girlfriend and I listened to it while driving (because when you’re 16 you just drive, regardless of whether or not there’s a Point B), and later I borrowed the tape so I could dub the songs I liked onto a cassette of my own.

Since I didn’t know the titles of the songs I was adding to my collection, I made up my own: the Stone Roses’ “Elephant Stone” was listed as “In My Dreams”; the Hummingbirds’ “Everything You Said” became “Your Picture”; the Blue Hearts’ “Train-Train” turned into a single “Train”; Blake Babies’ “Out There” was rechristened “I Know It’s Stupid”; and Morrissey’s “Mute Witness” morphed into “That She Saw” (yes, I know I was reaching with that one). One track I did manage to name correctly was “Valerie Loves Me,” by Chicago power-pop trio Material Issue. I could’ve sworn they were British all those years ago, probably because of lead singer Jim Ellison’s English-accent affectations, as all power pop seems to lead back to the words and music of Lennon and McCartney, even though you couldn’t hear their accents when they sang.

This week’s bootleg is a radio broadcast of Material Issue playing at the Empire Concert Club in Cleveland, Ohio, on May 9, 1991. Back then they were promoting their debut album, International Pop Overthrow, whose title has since been borrowed for an annual traveling power-pop festival: the 2009 edition arrived in Chicago on April 16 and leaves town on Sunday, then starts back up in Milwaukee next Thursday. The bootleg is brought to you by Addicted to Vinyl’s Matt Wardlaw, a friend of Popdose and a heck of a nice guy. Here’s what he has to say about the venue and the concerts it hosted that aired on local radio:

“The Empire Concert Club was a great though short-lived club here in Cleveland that was only open for a couple of years at the beginning of the ’90s. In that time they did close to 100 live concert broadcasts with legendary rock station WMMS. Some of the more memorable broadcasts included shows from Cracker, King’s X, Sarah McLachlan (her first show in Cleveland), Rik Emmett, Matthew Sweet, and this show from Material Issue. Personally, I enjoyed the broadcasts because they featured a lot of artists like Material Issue who had new and fresh sounds for music fans to latch onto at a time when you could still hear that kind of thing on the radio; these live broadcasts captured many of the artists as they were about to explode on a national level. Great club, great bands — so how did it end? The Empire got nailed for filling the venue beyond capacity during a Buddy Guy concert — not their first offense — and they were penalized by having their capacity reduced by half, which led to an eventual shuttering of the club. Empire co-owner Tony Ciulla resurfaced a short time later as part of the management team for Trent Reznor’s Nothing Records.”

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Live Music: Nine Inch Nails @ DCU Center, 11/9/08

NIN ArmyIt would go against the trail-blazing spirit of Trent Reznor to use him as any sort of guideline, but it must be said that any arena rock band should turn to Reznor’s live show for inspiration. Every aspect of Sunday night’s show at the DCU Center in Worcester, Massachusetts, was flawlessly executed, a well-conceived blend of the wants of both Reznor and his audience.

Dubbed the Lights in the Sky Tour, after a track on his recent release, The Slip, Reznor took the name and applied the basic translation in a complex presentation. Combining his innovative tendencies, his fondness for the highly conceptual, and his costly production spending habits, Reznor turned to Moment Factory, for a visually stunning, interactive design. The Montreal-based new media and entertainment company has an impressive list of unconventional clients that includes Cirque du Soleil.

Primarily centered around three screens that could be raised and lowered, the lighting effects for the current Nine Inch Nails tour respond to either physical movement (a gap in television-like static that followed Reznor’s path along the stage in “Only”), or sonic movement, like giant versions of the iTunes Visualizer. During more tranquil moments, like the block of songs from the ambient, instrumental Ghosts I-IV, the display engages the imagination, transporting the audience through picturesque scenery of swamps and deserts, pulled from the graphics that accompanied the release. (more…)

An Open Letter to Trent Reznor

Okay, let me just say right off the top that I’ve always had a bit of a problem with Trent Reznor. This was purely from an artistic POV. As a huge fan of Ministry’s early industrial output (the landmark records Twitch and The Land of Rape and Honey), I saw Trent’s Pretty Hate Machine as a homogenized version of the Ministry aesthetic. It was as if someone had sawed off all the harsh, jagged edges of a Ministry record. No, let me rephrase that. It was as if someone had taken a basic rock record…you know, verse/chorus/verse stuff…and added a little industrial window dressing.

That the suburbs, malls, and amusement parks were soon littered with suburban kids with NIN logos on their chests and backs was proof positive that Trent Reznor had succeeded in making industrial music palatable for the suburbs. After all, suburban kids wanted to feel “bad-ass” too, but those Ministry records were some scary shit. NIN, on the other hand, was no more frightening than watching The Crow for the hundredth time.

So, yeah, I thought Reznor was a poseur.

That opinion did not change when I saw him have a mini-meltdown at Lollapalooza when his pre-programmed keyboards wouldn’t work. Seriously, Diana Ross, Liza Minnelli, and the rest of their ilk have nothing on this guy.Of course, along the way, the guy actually managed to write “Hurt,” which I heartily believe is a fucking great song, but doing so only made me expect more from the guy. If he was capable of that, then why did we keep getting albums that were, by and large, huge steaming piles of unfulfilled promise?

Because his fans accepted those albums as symbols of musical brilliance, that’s why. (more…)