Tuesday 16th March 2010 08:24:41 PM

mediaspace_09 > an online curator discussion

 Mediaspace




For the first time Wand 5 e.V. was announcing an open competition to select the media-space 09 curatorteam. There were no limitations on the means of implementation. The purpose of this open competition was to establish a new experimental space - an >open space< in which artists can perform. (>> more)

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Next Phase: Asymptote 3.0

Building Momentum

Damien Hirst: Beautiful Inside My Bank Account Forever...

Damien Hirst X Levis Fall 2008 Spin Denim Auction

Rolexes fly off the shelves as Icelanders seek safe investments

Sign of the Times: National Debt Clock Runs Out of Digits

Burak Arikan - Back to Materiality

Barrick Gold

Algorithmic trading

This Federal Bailout Proposal is a Disaster

Rolexes fly off the shelves as Icelanders seek safe investments

Sign of the Times: National Debt Clock Runs Out of Digits

Show Me The Money: The Map of the Market

Back to Materiality.

smart money / map of market

Today is the day !!!!

see for mediaspace_09 details >>>>> Mediaspace WIKI

see general Filmwinter Program >>>>> 22. Stuttgarter Filmwinter

see mediaspace_09 Program >>>>> mediaspace_09

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Call: Securitisation, Risk and Governance: Understanding Uncertainty in the Age of Finance

First Workshop

Securitisation, Risk and Governance: Understanding Uncertainty in the Age of Finance

City University London, 6-7 May 2009

Confirmed participants: Anastasia Nesvetailova (City), Michael Dillon (Lancaster), Peter Burgess (PRIO), Urs Stäheli (Basel), Marieke de Goede (Amsterdam), Oliver Kessler (Bielefeld), Luis Lobo-Guerrero (Keele), Leonard Seabrooke (Copenhagen), Johnna Montgomerie (Manchester), Samuel Knafo (Sussex) TBC: Michael Pettis (Peking), Paul Langley (Northumbria), Rob Aitken (Alberta), Karel Williams (Manchester)

The global financial crisis of 2007-2008 - the first crisis of the securitisation era - has shown a new face of contemporary finance. While financial securitisation has been heralded by orthodox economists as a celebrated model of risk optimisation, the spectacular turn from risk absorber to risk amplifier in the global crisis raises significant questions about financial innovation, practices of risk-trading and existing modes of regulation and governance.

The mere scope and impact of the global financial crisis exemplifies the need for a new interdisciplinary understanding of securitisation. This workshop aims to stimulate a fruitful dialogue to explore the relationship of finance and security. It is the first of three, to be held at City University London, the University of Amsterdam and the International Peace Research Institute, Oslo (PRIO) during 2009-2010. Contributions are welcome from the fields of (Critical) Security Studies/ International Relations, International Political Economy, International Law, Financial Economics, Accounting, Human Geography, Social Studies of Finance/ Economic Sociology and Literature.

Some of the questions the workshop seeks to address include: How do existing theories of securitisation conceptualise risk and uncertainty? What is ‘security’ in the context of the financial system? How do financial and other conceptualisations of security interact? What is the role of securitisation as provider of (in)security? What effect does securitisation have on financial risk-taking?

We invite submissions that address the above questions, and the following sub-themes:

- Financial security, risk and uncertainty
- The role of credit derivatives and leverage
- Systemic security and liquidity
- Financial calculation and security
- Performative/ governmental analyses of financial security
- Trust, reflexivity and governance

Abstracts of 200-300 words should be sent to Nina Boy (nina@prio.no) by 22 February 2009. We will select contributions by 8 March 2009. Paper drafts should be submitted by 12 April 2009. Work in progress is welcome.

Not A Black Swan

Quoting from Nassim Taleb’s ‘The Black Swan‘:

Globalization creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words it creates devastating Black Swans. We have never lived before under the threat of a global collapse. Financial Institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks – when one fails, they all fall. The increased concentration among banks seems to have the effect of making financial crises less likely, but when they happen they are more global in scale and hit us very hard. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur ….I shiver at the thought.

The author is commenting on his own website: “Nassim Nicholas Taleb: The Black Swan: The Impact of the Highly Improbable (April 2007)

For the last 12 years, I have been telling anyone who would listen to me that we are taking huge risks and massive exposure to rare events. I isolated some areas in which people make bogus claims –epistemologically unsound. The Black Swan is a philosophy book (epistemology, philosophy of history & philosophy of science), but I used banks as a particularly worrisome case of epistemic arrogance –and the use of “science” to measure the risk of rare events, making society dependent on very spurious measurements. To me a banking crisis –worse than what we have ever seen — was unavoidable and NOT A BLACK SWAN, just as a drunk and incompetent pilot would eventually crash the plane.”

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Selection Media-Space Art-Space

For our exhibition during the 22nd Stuttgart Filmwinter we finished our selection and invited several artists. Have a look at the selection page.

Cultural Codes

via Brian Holmes blog an excerpt from THE AFFECTIVIST MANIFESTO / aka / Artistic Critique in the 21st Century:

“…. Artistic activism is affectivism, it opens up expanding territories. These territories are occupied by the sharing of a double difference: a split from the private self in which each person was formerly enclosed, and from the social order which imposed that particular type of privacy or privation.

 

When a territory of possibility emerges it changes the social map, like a landslide, a flood or a volcano do in nature. The easiest way for society to protect its existing form is simple denial, pretending the change never happened: and that actually works in the landscape of mentalities. An affective territory disappears if it isn’t elaborated, constructed, modulated, differentiated, prolonged by new breakthroughs and conjunctions. There is no use defending such territories, and even believing in them is only the barest beginning. What they urgently need is to be developed, with forms, rhythms, inventions, discourses, practices, styles, technologies - in short, with cultural codes. An emergent territory is only as good as the codes that sustain it. Every social movement, every shift in the geography of the heart and revolution in the balance of the senses needs its aesthetics, its grammar, its science and its legalisms. Which means that every new territory needs artists, technicians, intellectuals, universities. But the problem is, the expert bodies that already exist are fortresses defending themselves against other fortresses.

 

Activism has to confront real obstacles: war, poverty, class and racial oppression, creeping fascism, venomous neoliberalism. Yet what we face is not only soldiers with guns but above all cognitive capital: the knowledge society, an excruciatingly complex order….”

Postcapital

This announcement for an upcoming exhibition in the Stuttgart Kunstverein, which will end just a few days before media space 09 will hopefully start, just caught my attention. Thus its focus seems slightly different, it still sounds interesting and related to our thematic choice.

(May be someone of the Stuttgarters can visit and report a bit?? ; ) … )

“Postcapital” revolves around the far-reaching changes having evolved worldwide in social, political, economic, and cultural realms over the last two decades, their watershed moments emblematized in the 1989 fall of the Berlin Wall and the attacks on September 11, 2001.
 
[…..] Emerging here is the question as to what extent capitalist societies have changed in absence of their erstwhile counterparts and which new walls have been erected through the global politics following events of 1989 and 2001.
 
The triumphal course of capitalism and of the Western democracies has by no means proved to guarantee peace, security, and stability, as the conflicts in former Yugoslavia, the war in Iraq, or, even more recently, the slumps in the U.S. financial markets have demonstrated. “Postcapital” is an attempt at reading the complex and divergent realities of the twenty-first century by virtue of their forms of representation: the review of an age whose prelude has been pinpointed by Andújar as localized between 1989 and 2001.
 
The English term “postcapital” references financial capital as well as capital cities. As such, the project explores both the transformations of capitalist societies and the shifting of their urban loci of power.
 
In 1989, the first cornerstones were laid at the Genevan research institute CERN for the World Wide Web, the significance of which for the transition from industrial to knowledge society has been sufficiently noted. “Postcapital” therefore alludes less to the utopias of a vanquished capitalism than to those upheavals affecting all areas of life that are both spawned and exacted by the networked age of information. In view of contemporary information and storage media, knowledge is, according to the artist’s theory, no longer acquired by visiting archives but rather through life in the networked archives. Thus, an essential role is inherent in the interpretation of information….

(read on)

global accident?

Just as it fits so much to today’s actuality I like to post some excerpt of Arthur and Marilouise Kroker’s City of Transformation / Paul Virilio in Obama’s America article, which I came across on networked_performance.

It also hints to the fact that politics and financial issues are knowingly that much intertwined .. so will stockmarkets rise with the win of Obama? .. if he wins. Or will subconscious fear stand in the way of a substancial change which would effect the world globally? And which signal will it send out to the world when the country that stands so generally for ‘the western mind’ can overcome such deep preconceptions?

Are we beyond Speed and Politics? What characterizes contemporary politics is the unstable mixture of speed information and slow movements. Like the slow implosion of the manufacturing economy, the slow rise of evangelical visions of catastrophe, the slow ascent — the slow ubiquity — of the speed of technology, the slow descent of culture into the cold state of surveillance under the sign of bio-governance. You can see it everywhere. In the world economy, the speed of mortgage backed securities, credit swap debt offerings, and complex derivatives always seeks to move at the speed of light. Iceland is the world’s first country actually liquidated by hyperreality with debts amassed at light-speeds now constituting 10 times its national wealth. Like Michel Serres’ the perfect parasite, the Wall Street financial elite has worked a perfect number on the host of the world economies — implanting unknown levels of toxic debt everywhere in the circulatory system of finance capital, from China and Japan to the European community. Waking up to the danger of hot debt moving at light-speed when it is definitely too late, Japanese bankers suddenly declaim that “It is beyond panic.” Wall Street types say it is “panic with a capital P.”
[…]
In 1996 Virilio may have originally predicted a “global accident” that would occur simultaneously to the world as a whole. Only twelve years later in the last autumn days of 2008 — exactly 40 years after the tumultuous political events of 1968 — is it possible that Virilio’s “global accident” has itself been accidented? Slowly, inexorably, one resistor at a time, one mobilization, one march, one individual dissent, one collective “no” at a time, with what Antonio Gramsci called the dynamism of the popular will, the global accident flips into a global political transformation. Signs of this at first political, and then technological, recircuiting of the popular will are everywhere. Entire empires have suddenly vanished, global social movements are everywhere on the rise, imperialisms have been checkmated, and the first tangible hints of a truly transformational politics is in the air.
[……] >>> read entire article

mediaspace blog

Hello, everyone ..

finally the mediaspace blog appears on the www. It is still a bit rudimentary due to some problems which occurred in the installation, but it is still worked on and will improve over the next few days. Which should not stop anybody to bring in their on ideas/improvements …. gadgets/widgets … so forth.

But most important:
With this post the platform is open now and your contributions highly appreciated !!!!

For those, who wonder that we have currently an elder wordpress version installed - it is because of the database version on the homeserver, which will be renewed in the next time period. So this will hopefully be updated during the next 2 or 3 weeks. .. also a tagcloud eventually, a better calender focusing on events, etc….

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  • Global Downturn ‘Is an Earthquake, not a Tremor’
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