Michael Lewis, The Big Short, And Boomerang

The author then noted the positive ways the Internet has influenced his life. yet, when he states, “But that boon comes at a price,” his tone immediately changes from appreciative to concerned. This change in tone shows that Carr is beginning to dive deeper into his topic. Additionally, his positive section acts as a counterargument.

He is a Canadian American who published a sociological work concerning the internet in 2011. His article that was published in the New Yorker was titled “The Information: How the Internet Gets Inside Us” where he explains the influences the internet has had on modern society. He tackles the issue of how the mass of information has altered the way people interact with each other. In this manner he has proposed 3 kinds of people who view the new digital age: Never-Better who believe we are closer to a utopia, Better-Nevers who believe that the digital age was a mistake, and the Ever-Waser who believe that the debate is what makes the digital age so good. In this vein he recounts how this is similar to when books and other printed media first became accessible to the masses. This new printed media for the people was hailed as the new great thing to uplift people from the heap. But recounts that just as reformations could come from print, then so could counter reformations. Counter to the benefits Gopnik recounts articles where the new digital age is robbing us of our creativity, focus, and connection. But again Gopnik counters this claim by suggesting that others have foretold the downfall of society from whatever technological advancement was made and yet society still exists. As such the internet’s alterations and feelings are in the little bits of us that usually go unnoticed

In his essay “The Net Is a Waste of Time,” novelist William Gibson analyzes the hidden potentials of the Internet in both its vastness and affect on society. He writes this piece at the dawn of the Internet, and during this undeveloped phase, he discusses its multitude of facts as is and will be. As hinted in the title of his essay, Gibson takes the stance that the Internet at its early stages is a waste of time -- an impressively large and complex waste of time -- but a waste of time nonetheless. He is ultimately concerned with how we are choosing to procrastinate through the Internet, and that our growing attachment and dependence on the Internet reveals a “fatal naïveté” (697) about us. Gibson also brings up the true enormity of the Web even at its premature standing, detailing how “the content of the Web aspires the absolute variety. One might find anything there. It is like rummaging in the forefront of the collective global mind” (697). Despite his concerns on what the Web might become, Gibson realizes that at the time of his writing, the Web was at a stage much like the larval stage of a butterfly’s life -- seems unassuming, but as he himself puts it, “The Web is new, and our response to it has not yet hardened” (697), and that there are “big changes afoot” (696).

The outbreak and spread of the financial crisis of 2007-2008 have caused the most of countries into severe economic difficulties and also created an adverse impact on the global economy. The beginning of the financial crisis is defaults in the subprime mortgage market in the USA. Although the global economy seems to recover since 2009, the impacts of the crisis still affect many countries until now. This essay focuses on the background and impacts of financial crisis, and the learning from the movie The Big Short.

When we think of the internet and technology we usually think of all the benefits and innovations that make up our generation. We have all the information we need right on our phones. We can also be connected with anyone or with everyone at anytime of the day, but is being connected with everyone a good thing? “The Loneliness Of The Interconnected” by Charles Seife explores this idea and shines a light on the negative effects that being connected with everyone might have. Seife’s exploration of online extremism challenge Schmidt and Cohen’s optimistic portrayal of technology by analyzing how having a voice in the ocean of the internet and being connected with everyone isn’t always positive.

There are few places on this Earth, if any, where the possibilities are truly endless. However, if you detach yourself from the physical world and emerge into the “online” world, you find that this just might actually be accurate in this realm. The World Wide Web has had so much to offer to us since the early 1990s, but with this comes controversy. Unleashed onto a plane of seemingly immeasurable freedom of anonymity, was the world ready for such responsibility? Since those early days when new emerging technology changed our lives immensely, have we at all become a better place, or have we bitten off more than we can chew, and doomed our human relations forever? Exploring these concepts are three in-depth articles, including: “Growing Up Tethered” by Sherry Turkle, “The Loneliness of the Interconnected” by Charles Seife, and “Cybersexism” by Laurie Penny. Although it is thought that the Internet brings the world together, it actually does not help us politically, culturally, and economically like one would believe, as it makes us unable to be independent, isolates us from different points of view, and encourages real-world violence against women and other minority groups.

The Internet has proven itself to be helpful, but it can also be a scary place. When the Internet first emerged, it was difficult to gauge its full potential. The Internet was actually created as a “military communications network in the 1960s” (Campbell et al., 2016, p. 41). However, the Internet became a more integral part of society around the 21st century when it transformed into a hub of information and entertainment. The film, The Net, features the early years of the Internet and the dangers that came with it. This film took a radical stance about how the Internet can damage a person’s life. The film remains relevant today since it inspires paranoia regarding the fragile safety

Taylor discusses in chapter 4; Unequal Uptake, her take on the inequalities and realities of web 2.0, and that while the web is a great tool to be used and it does provide connectedness, we have yet to achieve true cultural democracy. With this, she takes into account of what the media boosters think about the accessibility of the internet and how it empowers those who take the time to use it. They would argue that now with the internet we are all hyper-connected and this makes us hyper-empowered, and should we thrive in using this new system become hyper-democratic. However, it is a problem to say the internet has inequalities because it is very ambiguous in terms of the web and the amount of inequalities and factors playing are quite expansive. One of the clearer issues that Taylor points out is the monetary division among internet users, where the rich can afford what is described as the super highway of web, high speed, and the secondary class of internet, wireless, is left to the financially challenged. In the participation of the rich and large monopoly companies like Amazon, Google, and so forth is what creates the difficulty for niche cultures and late bloomers to flourish using the web. But this lack of openness is not the only problem as when the web evolves it is becoming harder to maintain diversity because it is turning into a much more personalized entity, meaning the exposure to difference may be decreasing as our ‘filter bubbles’ become more apparent. She illustrates that the big difference in the real world as opposed to the virtual is that we are focused on the wrong things, things that please us, that may make us famous, etc. but we should be finding new ways to confront opportunity in order for the digital democracy to come to

A Colossal Failure of Common Sense was one of many books to be published in the aftermath of the Financial Crisis of 2007. After seeing the global economy stall in the face of massive losses in word financial markets, many Americans sought to better understand the crisis and its causes. This book, written from the perspective of a financial market insider, provides a glimpse into the world of global finance and also seeks to explain how the players in this world were involved in the crisis. In the words of the author Lawrence McDonald, “My objective in writing A Colossal Failure of Common Sense was twofold. First, to provide … a close-up, inside view of how markets really work…..And, second, to give… as crystal clear an explanation as possible about the real reasons why the legendary Lehman Brothers met with such a swift end”1. By writing about his personal experience at Lehman Brothers and recounting stories from within the famous investment banking firm, Mr. McDonald largely succeeds at his first goal. However, the elements of personal biography and the chronological order of the book make it difficult for the reader to fully appreciate all of the varied causes of the financial crash. I believe that the main value of reading this book is in understanding these causes, with Lehman Brothers acting as a microcosm of the greater financial universe. As such, in this review I have isolated elements from Mr. McDonald’s book which highlight how the crisis

Many people today would consider the 2008, United States financial crisis a simple “malfunction” or “mistake”, but it was nothing close to that. Contrary to what many believe, renowned economists and financial advisors regarded the financial crisis of 2007 and 2008 to be the most devastating crisis since the Great Depression of the 1930’s. To make matters worse, the decline in the economy expanded nationwide, resulting in the recession of 2007 to 2009 (Brue). David Einhorn, CEO of GreenHorn Capital, even goes as far as to say "What strikes me the most about the recent credit market crisis is how fast the world is trying to go back to business as usual. In my view, the crisis wasn't an accident. We didn't get unlucky. The crisis came

Michael Lewis, The Big Short, film strategically provided three separate but parallel stories of the U.S mortgage housing of 2008. The movie demonstrated how Wall Street, in a desperate search for profits, lunched “bonds” products with riskier mortgages. As a result, lenders were no longer interested in if a borrower could pay them back. In disbelieved, I noticed deceitful tactics that lenders used, throughout the movie, to convince Americans to take out mortgages they could not afford. Chronologically, Americans’ saving levels dropped while countries ' savings tripled. Once the Recession was in full effect, the US government rescued Wall Street, passing an unimaginably large bill, the bill we are still paying off. To most Americans’ surprise, nearly all of the rescue money went into Wall Street executives’ pockets.

Politics in The United States has been reinforced with the usage of Mass Media since the 1780s. Mass media became one of the most reliable news sources in the world because it gives people the ability to communicate each other and be knowledgeable of the latest news worldwide. Indeed, mass media has changed how the world communicate through written, visual and audible tools that are known as, newspapers, television, radio and social media. Nowadays, the Internet has become one of the most important mass media influence because of the impact it has on persuading and transmitting fast information to people around the world. Younger people not only are dependent of the internet but, politicians, businesses, adults and kids are influenced by this

According to Brian Williams, news anchor for NBC Nightly News and author of “Enough About You,” Americans have become oblivious to events and news going on that they aren’t particularly interested in, and social media only adds fuel to the fire. Even though the news is still concurrently viewed by millions of people, it’s nothing like it used to be. Regardless of the decline in viewers, Williams states that “we work every bit as hard as our television-news forebears did at gathering, writing and presenting the days news to a smaller audience” (473). Social media is integral part of everyday life that will not vanish for quite some time. While social media has its upsides, I feel that the downfalls are far

In the end, while Lyon and Hafner give us an entertaining story regarding how the Internet was discovered, we are still left wondering about what effect the Internet is actually having. True, we see all of the hard work that occurred behind the scenes in the making of the Internet in this book, but now the question must be asked: where does the Internet take us? This is a very important question in the context of where technology takes our culture, and takes humanity in general. Indeed, every piece of technology has an effect on the people within the culture. There is, after all, certain political and social consequences to the progress in technology. In his essay "Do

The Big Short: Inside the Doomsday Machine by Michael Lewis is a non-fiction New York Times #1 bestseller. This text is published by W.W. Norton & Company and contains 320 pages. This is a book that focuses in on the 2008 financial crisis and the build up of the housing and credit bubble during the 2000’s. The author channels in on the persons who saw the crisis coming that wanted to protect their investments or did not want to speak of the issue.