Virtual Geography: Living with Global Media Events
"The author's capacity to grasp and interpret these [world media] events is astounding, and her ability to provide insights into a world where unbounded information is circling the earth with the speed of light is startling." -- Choice
"... a wide-ranging, quirky and dextrous mix of description, theory and analysis, that documents the perils of the global telecommunications network... " -- Times Literary Supplement
"... this is a stimulating, even moving, book, dense with ideas and with many quotable lines." -- The New Statesman
"Wark is one of the most original and interesting cultural critics writing today." -- Lawrence Grossberg
McKenzie Wark writes about the experience of everyday life under the impact of increasingly global media vectors. We no longer have roots, we have aerials. We no longer have origins, we have terminals.
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No single event , but a swarm of converging causes - among them the treasury
secretary James Baker threatening to beat down the dollar if the Germans raised
interest rates – provoked the panic , ” in the judgment of Fortune . The Financial ...
If the interest rates are high , the money is to be made short - term in the money
markets and long - term on bonds . So the crash would result in a busy time for
the MoCoys . Stock markets always live in the shadow of the big central banks
They find it harder to borrow money : the value of their assets is falling and
interest rates are rising . Interest rates are up because the government is selling
bonds to attract Japanese and German money , and this money is being used to