Sunday, June 8, 2008
Law: Supreme Federal Court of Brazil
I took away the suspense by revealing what this was in the title, but take a look at this magnificent building. I'd love to work in a place like that, and I haven't even seen its interior!
Here is a direct link to the Brazilian Supreme Court's website (in Portuguese):
http://www.stf.gov.br/portal/principal/principal.asp
From what I gather from other sources, it appears the Brazilian Supreme Court allows videos in its chambers so the public can view its proceedings. The U.S. Supreme Court, on the other hand, is more private--Justice Souter once remarked, "The day you see a camera come into our courtroom, it's going to roll over my dead body...The judiciary is not a political institution, nor is it part of the entertainment industry."
The populist in me is disgusted with Justice Souter, but he may have a point--if the media took a Justice's statements and questions out of context, it may effectively silence rigorous debate. Still, it is possible to get written transcripts of hearings afterwards, so perhaps the visual aspect of television cameras bothers Justice Souter more than his concern for free speech.
One important note about the law--if judges want to rule a certain way, there is always some way to arrive at the end result based on personal preferences. Here, you can't really tell if Justice Souter just wants to avoid publicity if he says something incorrect, or if he really does believe that his speech would be curtailed. As a government branch, a court's independence should be tempered with transparency, and allowing cameras does not interfere with a judge's freedom of speech--especially when he or she has a secure lifetime appointment. Also, when Justice Souter says that the Court is not a political branch, he is correct--but it is still a government branch, and the Founders of this country demanded transparency in government.
George Mason, a lesser-known Founder, warned us that a "corrupt oppressive Aristocracy" might result after the Constitution was adopted, which expanded government powers. One way to see whether judges are following the right path is to see what our Founders would have thought about a particular course of action. Federalist #81 contradicts Justice Souter, because it shows the Founders were concerned more with state, not federal, courts losing their independence: "State judges, holding their offices during pleasure, or from year to year [not with lifetime appointments like in federal courts], will be too little independent to be relied upon for an inflexible execution of the national laws."
Thus, when Justice Kennedy, a federal Supreme Court judge, says that it is acceptable to have cameras in trial courts--most of which are state courts--rather than the U.S. Supreme Court, he seems to have the opposite view of the Founders. The Founders believed that we should be more concerned with the "lower" courts lacking independence, because state court judges don't have lifetime appointments and might be swayed more by the political climate of their day or media pressure. The simple counter-argument to Justice Souter is that he is a federal judge with a lifetime appointment and is therefore effectively insulated against any criticism or pressure. A thin skin should not impede the public's right to see what goes on in their government--lest we lapse into George Mason's worst nightmare.
Some of Thomas Jefferson's thoughts on the judiciary may also be relevant here:
To consider the judges as the ultimate arbiters of all constitutional questions [is] a very dangerous doctrine indeed, and one which would place us under the despotism of an oligarchy. Our judges are as honest as other men and not more so. They have with others the same passions for party, for power, and the privilege of their corps. Their maxim is boni judicis est ampliare jurisdictionem [good justice is broad jurisdiction], and their power the more dangerous as they are in office for life and not responsible, as the other functionaries are, to the elective control. The Constitution has erected no such single tribunal, knowing that to whatever hands confided, with the corruptions of time and party, its members would become despots. It has more wisely made all the departments co-equal and co-sovereign within themselves. --Thomas Jefferson to William C. Jarvis, 1820. ME 15:277
Now, this is especially interesting, because in Federalist 78, Alexander Hamilton states that the judiciary "will always be the least dangerous to the political rights of the Constitution; because it will be least in a capacity to annoy or injure them...The judiciary...has no influence over either the sword or the purse...It may truly be said to have neither FORCE nor WILL but merely judgment; and must ultimately depend upon the aid of the executive arm even for the efficacy of its judgments." In other words, while Hamilton sees the judiciary as the least powerful of the three branches, Jefferson sees it as the most likely to lapse into corruption because of its unaccountability to the public.
You can see why Jefferson and Hamilton disliked each other. Hamilton's words form a velvet glove against Jefferson's appeal to the slippery slope of judiciary power, but Jefferson's fears were well-founded. Many judges, by allowing frivolous cases to continue after it is obvious that such cases lack damages or merit, unwittingly expand their authority at the expense of private citizens' property rights. In a blow to Jefferson's logic, part of this inability to dismiss frivolous cases--thus costing everyone more tax dollars and the parties more attorneys' fees--is because judges need more power to dismiss cases. But expanding a government official's power is almost never the best course of action, which is why the judiciary and court systems present unique problems.
Above all, the judiciary--which draws its members more from government careerists than small business and the dismal science--lacks the basic understanding that judges and lawyers create nothing tangible and should therefore be more circumspect when it comes to transferring property and wealth in their civil courts. Rather than view the lawyers--both plaintiffs' and defense--who appear before them as net losses on society, lawyers are most often treated with respect despite having meritless cases and unreasonable clients. For example, I recently had a state court judge give a 60 days' extension to two other lawyers to serve a defendant that they'd known about for over a year but recently added to the case. Despite my strenuous objections to the judge (I actually did say, "I strenuously object"), the judge granted the extension. As I predicted, the lawyers did not serve the defendant. The lawyer requesting the extension has been around for decades, and therefore gets instant respect from the judges (to be fair, the lawyer had just entered into the case and was acting on advice of the in-house counsel, who was the one who probably knew the defendant couldn't be served).
Why does any of this matter? It matters because this one example demonstrates that the judge, despite being told that the other side had known about a defendant for over a year and failed to add or serve them, still granted an extension--thereby expanding his jurisdiction, exactly as Jefferson had feared. Also, the additional 60 days delayed getting to trial, and my clients had to pay me more money for other motions that would not have been possible without the extension.
So ultimately, it's not the judiciary that is the sole problem--it's lawyers, who are essentially quasi-governmental agents who create nothing and yet have the power to take property from private citizens by action or inaction. As you can see, this judge was really just deferring to a very experienced lawyer, and in doing so, expanded the court's jurisdiction (in terms of receiving more motions and more legal issues to resolve). But his intent was not to expand the court's jurisdiction--it was to help out a lawyer trying to do her job.
If it's not the judge's fault, then what is the root cause of the problems of expansive jurisdiction and costly delays in litigation? Part of the problem is lawyers asking for unreasonable extensions or making unreasonable demands, which result in more attorneys' fees being paid to them. Lawyers are rewarded for pushing and extending cases rather than resolving them--a backwards incentive if there ever was one. As a result of this perverse scheme, an unreasonable lawyer makes more money than a reasonable lawyer because the earlier a case settles, the less money the lawyer makes. And since there's really no way to restrict lawyers from behaving unreasonably except to expand judicial power to dismiss cases, we go back to the fear Jefferson had--that by expanding power, we invite despots, even ones acting unconsciously so (no despot ever thinks he is a despot).
What's the solution? Pass fewer laws. Each law should have a rigorous cost-benefit analysis to determine whether it will harm small businesses and ultimately the economy by reducing innovation. Unfortunately, those considerations are not usually the starting point for legal analysis. Many laws are passed in response to fear (The Patriot Act) or media-magnified problems (Enron, Worldcom--out of the thousands of companies, two companies made it difficult for every else to do business). So it's not the judiciary that's to blame--it's your Senators and your legislature, who can't seem to get along well enough to look out for all of us, not just their lobbyists. But we're not done yet, mon ami. Do you remember who elects your Senators and Representatives, both state and federal? Perhaps there's a glimmer of recognition there. Yes, you are correct--at the end of the day, it's you and me.
So the next time you vote for a law or Proposition or Measure without reading the actual law to determine how ambiguous it is (the more undefined terms, the more power a judge has) and without considering a cost-benefit analysis, remember John Donne's famous words: "send not to know / For whom the bell tolls, / It tolls for thee."
Saturday, June 7, 2008
J.K. Rowling on Poverty
From J.K. Rowling's June 2008 commencement speech at Harvard:
Poverty entails fear, and stress, and sometimes depression; it means a thousand petty humiliations and hardships. Climbing out of poverty by your own efforts, that is indeed something on which to pride yourself, but poverty itself is romanticized only by fools.
http://www.news.harvard.edu/gazette/2008/06.05/
99-rowlingspeech.html
Or, in the words of Chaim Topol, "You made many, many poor people. I realize, of course, it's no shame to be poor, but it's no great honor, either."
Poverty entails fear, and stress, and sometimes depression; it means a thousand petty humiliations and hardships. Climbing out of poverty by your own efforts, that is indeed something on which to pride yourself, but poverty itself is romanticized only by fools.
http://www.news.harvard.edu/gazette/2008/06.05/
99-rowlingspeech.html
Or, in the words of Chaim Topol, "You made many, many poor people. I realize, of course, it's no shame to be poor, but it's no great honor, either."
Friday, June 6, 2008
Stocks Update
For some reason, I have always tried to highlight the bad news rather than the good. I suppose it keeps me humble, but really, I do it to ensure a sufficient amount of fear. Mark Cuban, owner of the Mavs, was once asked why, after making billions, he kept going. His answer: "Fear." In that vein, I am going to provide a "stocks update" on a day when the Dow and Nasdaq went down over 3%:
Open Positions
CNB = 0
EQ = 0
EWM = (slightly negative; 150 shares)
GE = 0 (slightly negative; 179 shares)
IF = -2.1
PFE = -6.4
PPS = +0.1
WYE = -2.6
Total: losing/negative 2.75%
I am not worried. Except for IF, these are all good dividend plays (meaning, they have enough cash flow or cash to pay their dividend over the next year). Even if Pfizer (PFE) has to "repatriate" (bring some money to its U.S. operations from abroad, thereby taking a tax hit) some cash to pay its dividend, I am guessing it will still do whatever it takes to pay the dividend.
Here is what my friend, who is a tax lawyer, said about repatriation--and it sounds like good news, rather than the bad news the general media is making about the possibility of repatriation:
I took international tax in law school but I am fuzzy on the subject not having reviewed it in awhile. The only thing I remember about repatriation is that foreign earnings of controlled foreign corporations were not subject to tax until they were brought back into the U.S. When the funds were brought back to the U.S., or repatriated, a corporation could then file some sort of election to exclude up to 80 - 90 percent of the repatriated funds from income.
I would guess that PFE would try and take advantage of that generous tax break on repatriated earnings if they did not want to risk cutting their dividend to U.S. shareholders.
If the tax hit is only 10 to 20%, that isn't so terrible. My hunch is that Pfizer's board sees its stock as a "widows and orphans" stock and won't cut the dividend for another year a half at least.
(Today, I bought 100 GE @ 30 and change; also, on June 9, I bought 29 more shares of GE at around 30.)
Overall, I am down about 1400 dollars since I sold off almost all of my holdings earlier. Most of the 1400 dollar loss is because of my recent large buy of Pfizer. My prediction last month or so was correct; i.e., that the market would suffer a large hit. For the most part, I heeded my own advice; otherwise, the damage would have been more severe.
Closed Positions:
Daytrades: PFE (0.5%)
MMM (0.5%), MRK (0.1%), SCUR (15%) (held less than seven days; record in this category is a 5.2% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
Open Positions
CNB = 0
EQ = 0
EWM = (slightly negative; 150 shares)
GE = 0 (slightly negative; 179 shares)
IF = -2.1
PFE = -6.4
PPS = +0.1
WYE = -2.6
Total: losing/negative 2.75%
I am not worried. Except for IF, these are all good dividend plays (meaning, they have enough cash flow or cash to pay their dividend over the next year). Even if Pfizer (PFE) has to "repatriate" (bring some money to its U.S. operations from abroad, thereby taking a tax hit) some cash to pay its dividend, I am guessing it will still do whatever it takes to pay the dividend.
Here is what my friend, who is a tax lawyer, said about repatriation--and it sounds like good news, rather than the bad news the general media is making about the possibility of repatriation:
I took international tax in law school but I am fuzzy on the subject not having reviewed it in awhile. The only thing I remember about repatriation is that foreign earnings of controlled foreign corporations were not subject to tax until they were brought back into the U.S. When the funds were brought back to the U.S., or repatriated, a corporation could then file some sort of election to exclude up to 80 - 90 percent of the repatriated funds from income.
I would guess that PFE would try and take advantage of that generous tax break on repatriated earnings if they did not want to risk cutting their dividend to U.S. shareholders.
If the tax hit is only 10 to 20%, that isn't so terrible. My hunch is that Pfizer's board sees its stock as a "widows and orphans" stock and won't cut the dividend for another year a half at least.
(Today, I bought 100 GE @ 30 and change; also, on June 9, I bought 29 more shares of GE at around 30.)
Overall, I am down about 1400 dollars since I sold off almost all of my holdings earlier. Most of the 1400 dollar loss is because of my recent large buy of Pfizer. My prediction last month or so was correct; i.e., that the market would suffer a large hit. For the most part, I heeded my own advice; otherwise, the damage would have been more severe.
Closed Positions:
Daytrades: PFE (0.5%)
MMM (0.5%), MRK (0.1%), SCUR (15%) (held less than seven days; record in this category is a 5.2% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
Thursday, June 5, 2008
Stocks Update
Today, I sold my 100 shares of MRK @ 38.57. Including the fact that a dividend will be paid, I am slightly ahead, but only by a few dollars. That lowers my averages in my closed positions.
In other news, Goldman Sachs cut Pfizer (PFE) to "neutral," with a price target of 22, causing PFE to go to 18.50 a share. I am not worried--if anything, this means the bad news is finally out of the way (and being cut by Goldman is definitely bad news). Now, value investors will enter as disenchanted stock holders exit. Plus, I only need PFE to go to 20-ish before making a decent short-term profit on the trades. I figure PFE will hit 20-ish in about a month or two, if not sooner.
I bought and sold a large position of PFE in about an hour today: bought 2000 PFE @ 18.49 and then sold at 18.57--made 200 bucks. Now, if I had held the shares for another 30 minutes, I would have made another 200 dollars in an hour and a half (400 dollars total). That's the issue with day-trading--if you blink at the wrong time, it costs you. As long as I am in the black, however, a few hundred here and there is inconsequential. Rule #1: don't be greedy. Or, as Cramer likes to say, "Bulls make money, bears make money, pigs get slaughtered." 'Tis true.
I bought some shares of PPS today at 34.37 as well. Pure value play and potential buyout target.
I bought 500 shares of CNB at $5.00/share, a little-known bank in Alabama (or, as they like to say down South, 'Bama). This one is a value and dividend play. Just two months ago or so, CNB sold 350 million dollars' worth of its stock for 8 dollars a share. I like the shares at 5 dollars, but don't ask me what I'll do if it hits $6.50.
I also bought 15 shares of YHOO so I could attend their shareholder meeting on August 1, 2008. For purposes of this blog, however, I will not report on trades consisting of positions with a cost basis (money spent to buy a company's shares) below 1,000 dollars.
Closed Positions:
Daytrades: PFE (0.5%)
MMM (0.5%), MRK (0.1%), SCUR (15%) (held less than seven days; record in this category is a 5.2% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
In other news, Goldman Sachs cut Pfizer (PFE) to "neutral," with a price target of 22, causing PFE to go to 18.50 a share. I am not worried--if anything, this means the bad news is finally out of the way (and being cut by Goldman is definitely bad news). Now, value investors will enter as disenchanted stock holders exit. Plus, I only need PFE to go to 20-ish before making a decent short-term profit on the trades. I figure PFE will hit 20-ish in about a month or two, if not sooner.
I bought and sold a large position of PFE in about an hour today: bought 2000 PFE @ 18.49 and then sold at 18.57--made 200 bucks. Now, if I had held the shares for another 30 minutes, I would have made another 200 dollars in an hour and a half (400 dollars total). That's the issue with day-trading--if you blink at the wrong time, it costs you. As long as I am in the black, however, a few hundred here and there is inconsequential. Rule #1: don't be greedy. Or, as Cramer likes to say, "Bulls make money, bears make money, pigs get slaughtered." 'Tis true.
I bought some shares of PPS today at 34.37 as well. Pure value play and potential buyout target.
I bought 500 shares of CNB at $5.00/share, a little-known bank in Alabama (or, as they like to say down South, 'Bama). This one is a value and dividend play. Just two months ago or so, CNB sold 350 million dollars' worth of its stock for 8 dollars a share. I like the shares at 5 dollars, but don't ask me what I'll do if it hits $6.50.
I also bought 15 shares of YHOO so I could attend their shareholder meeting on August 1, 2008. For purposes of this blog, however, I will not report on trades consisting of positions with a cost basis (money spent to buy a company's shares) below 1,000 dollars.
Closed Positions:
Daytrades: PFE (0.5%)
MMM (0.5%), MRK (0.1%), SCUR (15%) (held less than seven days; record in this category is a 5.2% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
Wednesday, June 4, 2008
And now, for something completely different...
Once in a while, I will post something that is completely unrelated to anything and everything. Below is a poem I wrote today:
Shimmering with sweat,
Eyes shut,
Heavy with the day’s labour,
She nestles her face in the womb of your arm.
You see a faint glow in the small room,
A room too small for this, you think,
And you see it comes from her.
A soft light reflects on her skin,
Not quite sorrel, not quite copper,
Vestiges of a trip to Utah,
A mark where an insect had its fill days ago.
She lies on the floor,
Ethereal.
A round face, quiet with sleep,
Minutes ago was not quite like that.
I rise, but remain close to the ground,
Like the insect who had its fill.
Shimmering with sweat,
Eyes shut,
Heavy with the day’s labour,
She nestles her face in the womb of your arm.
You see a faint glow in the small room,
A room too small for this, you think,
And you see it comes from her.
A soft light reflects on her skin,
Not quite sorrel, not quite copper,
Vestiges of a trip to Utah,
A mark where an insect had its fill days ago.
She lies on the floor,
Ethereal.
A round face, quiet with sleep,
Minutes ago was not quite like that.
I rise, but remain close to the ground,
Like the insect who had its fill.
Stocks Update
Today, I bought 600 shares of PFE at 18.92; 150 shares of EWM at 11.07; and 50 shares of EQ at 47.32; and 150 of WYE at 43.83. PFE has gone down too far, which makes no sense. A WSJ article actually said that the stock might go down to 10 to 12 dollars without the high dividend (the entire article was pablum, as far as I'm concerned). Sometime soon, there will be a day when most pharma goes up 3% on an analyst's upgrade of the sector. Personally, I just want to sell before November 2008, so I have plenty of time. I bought EWM for more international diversification. Also, being close to Singapore should help Malaysia's economy stay vibrant, even if only due to a spillover effect from foreign investments and deposits. Malaysia's "Second Home" program--basically allowing foreigners to buy a long term visitor visas in exchange for making a large deposit of funds in the country--is a very astute idea as well. And finally, I bought EQ solely for its dividend.
I might be able to sell all the pharma stocks by this Friday at a profit. MRK is already ex-dividend, and PFE just paid out its dividend.
Here is my record with respect to the stocks I bought after I started the first "Stocks Update" entry on May 23, 2008:
Open Positions
761 of PFE; losing 2.4% (bought at various times, but major purchase of 600 shares bought on June 4, 2007)
150 of EWM; losing 0.4% (bought on June 4, 2007)
100 of IF; losing 3% (bought on May 23, 2008; indicated long-term hold at time of purchase)
100 of MRK; losing 0.6% (bought on May 30, 2008)
250 of WYE; losing 0.7% (bought on May 30, 2008 and June 4, 2008)
50 of EQ; even (bought on June 4, 2008)
Record in open positions: negative/losing 1.42%
Closed Positions:
MMM and SCUR (held less than seven days; record in this category is a 7.75% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
I might be able to sell all the pharma stocks by this Friday at a profit. MRK is already ex-dividend, and PFE just paid out its dividend.
Here is my record with respect to the stocks I bought after I started the first "Stocks Update" entry on May 23, 2008:
Open Positions
761 of PFE; losing 2.4% (bought at various times, but major purchase of 600 shares bought on June 4, 2007)
150 of EWM; losing 0.4% (bought on June 4, 2007)
100 of IF; losing 3% (bought on May 23, 2008; indicated long-term hold at time of purchase)
100 of MRK; losing 0.6% (bought on May 30, 2008)
250 of WYE; losing 0.7% (bought on May 30, 2008 and June 4, 2008)
50 of EQ; even (bought on June 4, 2008)
Record in open positions: negative/losing 1.42%
Closed Positions:
MMM and SCUR (held less than seven days; record in this category is a 7.75% average gain)
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.
Tuesday, June 3, 2008
100th Post: "Magical Realism"
For my 100th post, I thought I'd do something different. I will share with you one of my favorite poems by a little-known Kashmiri poet, Agha Shahid Ali. The poem--which contains incredible imagery--is introduced by the simple, unassuming title, "Snowmen." Enjoy after clicking either one of the following two links:
http://www.salemstate.edu/sextant/v4n2/keyes_poems.htm
http://www.poetryfoundation.org/archive/poem.html?id=181394
Here is the last stanza:
No, they won't let me out of winter,
and I've promised myself,
even if I'm the last snowman,
that I'll ride into spring
on their melting shoulders.
After reading the full poem, take a moment to enjoy the images--a woman frozen by a man's embrace, a "snowman" riding into the future Spring--and then check out this link, which explains the poem a bit more:
From the above link:
I approached the poem “Snowmen”, from which these lines are taken as an immediate sensuous apprehension. It was later that I thought of its feminist implications. There are two things hidden in that poem. One is a poem by Wallace Stevens called “The Snowmen”. If you read it you won’t see the connection but it is there for me. The other is a scene that has haunted me for a long time from Wuthering Heights. The narrator is staying at Heathcliff’s house because there has been a terrible storm and the ghost of Katherine knocks on the window. She says, “I’m cold. Let me in”. He opens the window and the glass breaks somehow. He takes the hand of the ghost and rubs it against the glass and there is blood. It’s an amazing scene. Talk about magical realism. People think about that novel and they want neat answers. [Bronte’s] whole enterprise is that there are no neat answers. But to provide you with a neat answer: I’m thinking about my ancestry and the lost women in this ancestry who we never hear about. I know everything about my father, his father, his father’s father and so on for nine generations. But I know nothing before my grandmother. So I’m trying to find these lost women. These are difficult questions, there are no neat answers. You can have a feminist construct when you read that poem.
I love how Agha Shahid describes "Snowmen," but his explanation strikes me as too opaque. I would have never independently arrived at his "feminist" interpretation. After all, much of the poem focuses on male imagery, such as "his skeleton," "his breath," "a man of Himalayan snow," and of course, the title itself, "Snowmen." Shahid seems to be playing all sides by saying there are no neat answers, providing one, and then reminding us that there are no neat answers. For me, "Snowmen" means something different. It represents the immigrant experience and persevering through difficulty to ensure that previous generations--both male and female--did not toil in vain. That's how I interpret the poem, especially the last stanza, which is my favorite.
http://www.poetryfoundation.org/archive/poem.html?id=181394
Here is the last stanza:
No, they won't let me out of winter,
and I've promised myself,
even if I'm the last snowman,
that I'll ride into spring
on their melting shoulders.
After reading the full poem, take a moment to enjoy the images--a woman frozen by a man's embrace, a "snowman" riding into the future Spring--and then check out this link, which explains the poem a bit more:
[FYI: link no longer works] http://www.himalmag.com/2002/february/passing_1.htm
From the above link:
I approached the poem “Snowmen”, from which these lines are taken as an immediate sensuous apprehension. It was later that I thought of its feminist implications. There are two things hidden in that poem. One is a poem by Wallace Stevens called “The Snowmen”. If you read it you won’t see the connection but it is there for me. The other is a scene that has haunted me for a long time from Wuthering Heights. The narrator is staying at Heathcliff’s house because there has been a terrible storm and the ghost of Katherine knocks on the window. She says, “I’m cold. Let me in”. He opens the window and the glass breaks somehow. He takes the hand of the ghost and rubs it against the glass and there is blood. It’s an amazing scene. Talk about magical realism. People think about that novel and they want neat answers. [Bronte’s] whole enterprise is that there are no neat answers. But to provide you with a neat answer: I’m thinking about my ancestry and the lost women in this ancestry who we never hear about. I know everything about my father, his father, his father’s father and so on for nine generations. But I know nothing before my grandmother. So I’m trying to find these lost women. These are difficult questions, there are no neat answers. You can have a feminist construct when you read that poem.
I love how Agha Shahid describes "Snowmen," but his explanation strikes me as too opaque. I would have never independently arrived at his "feminist" interpretation. After all, much of the poem focuses on male imagery, such as "his skeleton," "his breath," "a man of Himalayan snow," and of course, the title itself, "Snowmen." Shahid seems to be playing all sides by saying there are no neat answers, providing one, and then reminding us that there are no neat answers. For me, "Snowmen" means something different. It represents the immigrant experience and persevering through difficulty to ensure that previous generations--both male and female--did not toil in vain. That's how I interpret the poem, especially the last stanza, which is my favorite.
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