Showing posts sorted by relevance for query Hybrid. Sort by date Show all posts
Showing posts sorted by relevance for query Hybrid. Sort by date Show all posts

Tuesday, January 24, 2023

Hybrid

Hybrid (pronounced hahy-brid)

(1) In genetics (plant biology, zoology etc), the offspring of two animals or plants of different breeds, varieties, species, or genera, especially as produced through human manipulation for specific genetic characteristics.

(2) In medical anthropology, a person or group of persons produced by the interaction or crossbreeding of two unlike cultures, traditions etc.

(3) A vehicle that combines an internal-combustion engine with one or more electric motors powered by batteries.

(4) In linguistics, composed of elements originally drawn from different languages, as a word.

(5) In the pedigree pet industry, the modern term, replacing the previous mongrel to describe offspring of mixed origin; contested in the industry.

(6) As a descriptor, anything derived from heterogeneous sources, or composed of elements of different or incongruous kinds; animal, vegetable, mineral or weightless.

(7) Any device which can fulfil two distinct purposes such as "mountain" bikes which can also be used on the road.

(8) In physics, an electromagnetic wave having components of both electric and magnetic field vectors in the direction of propagation.

(9) In golf, a club that combines the characteristics of an iron and a wood.

(10) In electronics, a circuit constructed of individual devices bonded to a substrate or PCB.

(11) In computing, a computer that is part analog computer and part digital computer (and speculatively (1) part conventional and part quantum or (2) part machine and part biological).

1601: From the Middle English hybrid (offspring of plants or animals of different variety or species), from the Latin hybrida, a variant of ibrida (mongrel), originally describing the offspring of a tame sow and wild boar, the origin of which is unknown but etymologists suggest it likely evolved under influence of the Ancient Greek ὕβρις (húbris) (outrage) and it was cognate with the Latin iber & imbrum (mule).  Hybrid was first noted in English in 1601 but use was scant outside of technical use until stimulated in the 1850s by the boom in the sciences of botany and plant breeding, the adjective attested from 1716.  The first hybrid car was the Lohner-Porsche Mixte Hybrid, released in 1901 and based on Ferdinand Porsche’s (1875-1951) earlier electric vehicle, the Electromobile although the first car actually badged as "hybrid" to indicate an "automobile powered by (1) an engine running on electricity and (2) an engine running on fossil fuel was released only in 2002.  The noun hybridity (state or condition of being hybrid) dates from 1823 while the intransitive verb hybridize (cross or inter-breed) was from 1802, the transitive sense of "cause to interbreed" emerging in 1823.  Hybrid is a noun & adjective, hybridize is a verb and hybridity, hybridism & (the awful) hybridisation are nouns; the noun plural is hybrids.

Categories of Eyelash Extensions

Classic Eyelash Extensions give a semi-permanent mascara look.  The technique is to attach what’s as close as possible to the thickness of the natural lash to each strand able to support the load.  They can be applied in different lengths, thereby emulating either the look of mascara only or something both longer and lusher.  Lifespan is two-four weeks depending on body chemistry, lifestyle and care routines.

Clusters or Party lashes are intended to be single-use, worn for no more than a day although, under good conditions, they can last several.  It’s not recommended to wear them for more than two-three days because, being much heavier than other extensions, they can cause damage.

Italian volume.  The lovely "eyelashes" on the Lamborghini P400 Miura (1966-1968) were carried over to the P400S (1968-1971) but were unfortunately not used on the P400SV (1971-1973).  Because of the fundamental design, the Miura had flaws which could to some extent be ameliorated but never wholly fixed.  Few now care because it's so achingly beautiful.    

Express lashes are the A&E of the profession.  Done in minutes, the strands are simply glued to the natural lashes and, because eyelashes grow at different rates, damage can happen if they’re worn too long.  They don’t provide a look as good as other techniques but, apart from their intended purposes of cheapness and speed, there exists in subsets of several groups, the niche market of the obviously fake.

A mix of Classic Lash Extensions and either Pre-Made or Russian Volumes, Hybrid volumes make possible some dramatically textured looks but, unless the mix is purely symmetrical, it needs a trained operator to weave a pleasing design.  The most popular contemporary interpretation usually blends strategically-placed long lengths of classic lashes, filled-in between with volume extensions.  Some operators call this look The Spiky.

Russian Volume modelled by Lindsay Lohan, 2010.  One of a series of monochrome images by photographer Tyler Shields (b 1982).

Real Russian Volume lashes are much lighter than classics and are manipulated by hand, with special tweezers, to create a fan or bouquet of lashes which is then placed onto a single natural lash.  Slow and expensive, each fan is wrapped around the natural lash, not just placed on top and that creates greater structural integrity so they tend to be longer-lasting.  Some lower-cost operators sell what they describe as Russian Volume using pre-made fans which are just placed on top.

Pre Made Volumes are fans or bouquets of lightweight lash extensions, glued or heat-bonded at the base.  They emulate the look of Russian Volume but don’t last as long; at a distance the two are indistinguishable but up-close, the pre-made fans can’t match the flow and flutter of the voluminous Russian.


Thursday, February 1, 2024

Mule

Mule (pronounced myule)

(1) The sterile offspring of a female horse and a male donkey; a generalised term for any hybrid between the donkey and the horse.

(2) In informal use, a very stubborn person.

(3) In botany, any sterile hybrid.

(4) As drug mule, slang for a person paid to carry or transport contraband, especially drugs, for a smuggler.

(5) A small locomotive used for pulling rail cars, as in a coal yard or on an industrial site, or for towing, as of ships through canal locks.

(6) As spinning mule, a machine for spinning cotton or other fibers into yarn and winding the yarn on spindles.

(7) A style of open-backed women’s shoe, historically a lounging slipper that covers the toes and instep or only the instep.

(8) In nautical use, a large triangular staysail set between two masts and having its clew set well aft.

(9) In numismatics, a hybrid coin having the obverse of one issue and the reverse of the succeeding issue, or vice versa.

(10) A cocktail in various flavors (Jamaican Mule, Kentucky Mule & Moscow Mule) based respectively on Rum, Bourbon whiskey and Vodka

(11) As mule-deer, a species native to the western United States and so-named because of its large ears.

Pre 1000: From the Middle English mule, from the Anglo-Norman mule and the Old English mūl, both from the Latin mūlus, from the primitive Indo-European mukslós.   Related were the Middle Dutch mūle, the Old French mul (mule, hinny), the Late Latin muscellus (young he-mule), the Old East Slavic мъшкъ (mŭškŭ) (mule), the Phocian Ancient Greek  μυχλός (mukhlós) (he-ass) and the German Maul, Maultier & Maulesel, again derived from Latin.  It’s thought the Latin word was influenced by the Proto-Italic musklo- which is probably (along with the Ancient Greek myklos (pack-mule) and the Albanian mushk (mule)) a loan-word from one of the languages of Asia Minor.  The noun muleteer (mule driver) dates from the 1530s and was from the French muletier, from mulet (mule), a diminutive formation which in French displaced the Old French mul as the word for "mule".  The adjective mulish (possessing the characteristics imputed to the mule) is used of people thought obstinate rather than hard working; the word was in use by 1751 and the  alternative is mulelike (or mule-like), mulesque apparently either never created or not catching on. Mule is a noun & verb, mulishness & muleteer are nouns, mulishly is an adverb and mulish & mulelike are adjectives; the noun plural is mules. 

The mule became a popular pack animal because it was aid to "combine the strength of the horse with the endurance and surefootedness of the ass" and for centuries mules extensively have been bred to select for one characteristic or the other, those working mountainous trails a different beast from those on the plains.  To be zoologically correct, a mule is properly the offspring of a he-ass and a mare; that of a she-ass and a stallion is technically a hinny while a mule born of a horse and a she-ass is a burdon, a late fourteenth century creation based on the Latin burdonem.  Ordinarily, male mules incapable of procreation and commonly the word is applied allusively of hybrids and things of mixed nature.  The phrase "test mule" entered engineering (and later product development generally) in the 1920s to describe devices built for purposes of evaluation and thus expendable, a fate suffered no doubt by many an unfortunate. 

The mule's well-deserved reputation as a stellar beast of burden appears in the odd idiomatic form but it's the other traits which accounts for most popular use and perhaps surprisingly, given "stubborn as a mule" now appears in much greater frequency than "dumb as a mule" .  The meaning “stupid person” was noted by the 1470s, that of someone "obstinate or stubborn” not emerging until the eighteenth century although the latter use has endured and "working like a mule" proved an acceptable replacement when "working like an N-word" became proscribed.  There must have been some grounds for the beast picking up its reputation for obstinacy but there seems no evidence of the origin of that but it must sufficiently have been recognized to gain currency and become a proverbial descriptor of stubbornness.  A soul with such a tendency said to be "mulish"; within the family, Winston Churchill's (1875-1965; UK prime-minister 1940-1945 & 1951-1955) daughter Sarah (1914-1982) was nicknamed “the mule” (the English upper classes do like nick-names).  It seems likely the phrase "kick like a mule" was born of bitter experience although modern use is almost exclusively figurative, stronger forms of alcoholic drink commonly attracting the label.  It was formalized as the "Moscow Mule" (a cocktail made with vodka, ginger beer, and lime juice) although in the Western intelligence community that term was used also of traitors in the pay of the Soviet Union.  That use was probably modelled on "drug mule", underworld slang for "a smuggler of narcotics" which was noted as early as 1935 and came into general use in the post-war years.  The mule-deer of the western United States picked up the name because of its strikingly large ears.  

The so-named spinning machine dates from 1793 (first known as the "mule jenny" in 1788), the name derived from it being a "hybrid" of Richard Arkwright's (1732–1792) drawing-rollers and the spinning jenny invented by the English carpenter James Hargreaves (circa 1720–1778).  In what seems to have been an imaginative flight of etymological fancy, it was in the eighteenth century suggested the name "mule" was applied because the thing without complaint did so much of the labor which would otherwise have to be undertaken by human hand but there seems no doubt the inspiration was the machine's hybrid origin.  The use to describe the loose slipper worn as footwear was drawn into English in the 1560s from the Old French mule (slipper) from the Latin mulleus calceus (literally “red high-soled shoe”), a shoe worn by Roman patricians and associated with magistrates.  This footwear is unrelated to the long tradition of the Roman Catholic Pope wearing red shoes, the association tracing back to the notion of the blood of Christ falling on his feet as he carried on his back the cross on which he was crucified on Golgotha.  They were made again famous by fashion icon Benedict XVI (1927–2022; pope 2005-2013, pope emeritus 2013-2022) although his successor, Francis (b 1936; pope since 2013), favours plain black.

The mule the clog and the slide

Lindsay Lohan in Alexander Wang Amelia mules, Mykonos, June 2019.  Note the low heel, an example of how the term “mule" is used now by manufacturers to describe just about anything with some degree of openness in the heel.

Mules, by definition are backless but may be sling-backs and can have open or closed toes.  There are many who would classify these as sandals and some manufacturers agree.  In this context "mule" was from the Ancient Roman mulleus calceus a red (or reddish-purple) shoe popular with upper-class Romans and worn as a symbol of office by the three highest magistrates although the scant historical evidence does suggest the Roman footwear looked more like modern clogs than mules and logically, one would expect footwear with thicker, tougher soles would at the time have been preferred for use outdoors.  High-heeled mules became a popular indoor style during the 1700s, influenced by the pattern, a backless overshoe of the sixteenth century, although, by early in the twentieth, mules were often derided as the "dress-wear" of the "better class of prostitutes" and it wasn’t until Marilyn Monroe (1926–1962) adopted the mule in the 1950s they again assumed some respectability.  By the 1990s, mules were among the most popular of shoes.

Chanel Mesh & Grosgrain Mule in black with 3.3 inch (85mm) heel @ US$800, Chanel part-number: G37505 Y55290 94305.

The descriptors mules, clogs and slides are sometimes used interchangeably.  The typical clog is a closed-toed wooden (or other) soled shoe with a heel no more than a couple of inches high.  Clogs are backless (although there are clog boots).  Mules, by comparison, traditionally had a higher heel although the strictness applied to that definition has weakened the emphasis seemingly now on the backlessness although there standards too are loose, slingback mules common.  The term slide derives from being applied to designs permitting the foot to slide in and may thus apply to both mules and clogs rather than being a distinct style.

Monday, September 25, 2023

Fishnet

Fishnet (pronounced fish-net)

(1) A net for catching fish.

(2) A fabric with an open mesh, resembling a fishnet.

(3) Being of an open-mesh weave.

(4) In fashion as a clipping of “fishnet stockings” & “fishnet tights”, usually in the form “fishnets”.

(5) In mathematics, geometry and mapping, as “fishnet grid”, a grid of equally-sized (usually square or rectangular) cells which can be overlaid onto another representation for various purposes.  

Pre 1000: from the Middle English, from the Old English fiscnett, the construct being fish + net.  Fish was from the Middle English fisch, from the Old English fisċ (fish), from the Proto-West Germanic fisk, from the Proto-Germanic fiskaz (fish).  It may be compared with the West Frisian fisk, the Dutch vis, the German Fisch, the Danish, Norwegian & Swedish fisk and the Icelandic fiskur, from the primitive Indo-European peys- (fish) (the equivalent form in was iasc and in Latin piscis.  Net was from the Middle English nett, from the Old English net & nett, from the Proto-West Germanic nati, from the Proto-Germanic natją, from the primitive Indo-European ned- (to turn, twist, knot).  It was cognate with the West Frisian net, the Low German Nett, the Dutch net, the German Netz, the Danish net and the Swedish nät.  Fishnet is a noun & adjective; the noun plural is fishnets.

The most obvious “fishnet grid” is of course the fishnet, used by fishers to catch fist and one of the oldest technologies still in use with its essential design unchanged although much has changed in terms of materials, scale and techniques of use.  The same design (a grid structure with equal sized cells) is used in various field including (1) concreting where the steel reinforcing for slabs is used in this form, either in pre-made sections or assembled on-site.  (2) In agriculture, the grids are used as a support structure for climbing plants like beans which grow up the grid, gaining enhanced exposure to airflow and sunlight; ultimately, the arrangements also make harvesting easier and cheaper.  Made now with slender, strong, cheap and lightweight plastic strands which don’t absorb moisture, like the nets used to harvest fish, the agricultural mesh is produced in a variety of cell sizes, the choice dictated by the crop. (3) In architecture and interior decorating, grids are common design element, sometimes integrated into structural members and sometimes merely decorative.  (4) In fashion, the most famous fishnet grids are of course those used on stockings & tights where the most frequently seen patterns are diamonds or squares displayed with points perpendicular.  When used of other garments, the orientation of the cells can vary. (5) In industrial design, fishnet grids made of durable materials like steel or synthetic fibers are widely used, providing structures which can be lighter than those made with solid materials yet, in a seeming paradox, be stronger, at least in the direction of the stresses to which they’ll be exposed.  Such constructions are often used in support structures, fencing and other barriers.

North America with the lines of latitude & longitude as traditionally depicted in maps using a fishnet grid (left) and in a form which reflects the effects of the curvature of the earth.

In cartography, the most famous fishnet grid is that made up from the lines of latitude & longitude which, east & west, north & south, encircle the globe and have for centuries been used for navigation.  However, the familiar representation of the lines of latitude and longitude as a fishnet grid is illusory because the common, rectangular map of the world is just a two-dimensional rendering of a three dimensional sphere.  For most purposes, the flat map is ideal but when lines of latitude & longitude were added, so were distortions because the lines of longitude converge at the poles, becoming progressively closer as they move away from the equator.  Never parallel on the sphere which is planet Earth, on a map the lines are exactly parallel; a perfect fishnet grid.

The politics of the Mercator Map

The Mercator projection was developed in 1568 by Flemish geographer, cosmographer & cartographer Gerardus Mercator (1512–1594) as a navigation tool with spherical planet earth depicted on a flat rectangular grid with parallel lines of latitude and longitude.  Its functionality was such that in the west, it became the standard technique of projection for nautical navigation and the de facto standard for maps and charts.  For seafarers it was invaluable; all they needed do was follow the line on the chart and, barring accidents, they would arrive where intended.  However, the Mercator map is a most imprecise representation of the precise shapes and relative sizes of land masses because the projection distorts the size of objects as the latitude increases from the Equator to the poles, where scale becomes infinite.  That’s why land-masses such as Greenland and Antarctica appear much larger than they actually are, relative to equatorial areas such as central Africa.

The Mercator map (left), the distorting effect of the Mercator projection with the real size in the darker shade (centre) and the actual geography of Earth's land masses (right).

In the twentieth century, that distortion attracted criticism on the grounds the projection tended to increase the size of the land-masses of the European colonial powers while reducing those in the colonized south.  However, neither Gerardus Mercator nor other cartographers had social or political axes to grind; the geographical distortion was an unintended consequence of what was designed as a navigational device and it's anyway impossible accurately to depict the surface of a sphere as a two-dimensional rectangle or square (the so-called "orange-segment" renditions are dimensionally most accurate but harder to read).  The Mercator map is no different from the map of the London Underground; a thing perfect for navigation and certainly indicative but not to exact scale.  Modern atlases generally no longer use the Mercator map (except for historical or artistic illustrations) but they’re still published as wall-maps.

The Tube

The classic "map" of the London underground is an ideal navigational aid but, conceptual rather than being drawn to scale, applying a fishnet grid would be both pointless and without meaning.  Professional cartographers refer to such things as "diagrams" or "mud maps", the latter a colloquial term which began life in the military and was a reference to the improvised "maps" drawn in the soil by soldiers in the field.  While not precise, to scale or a detailed representation of an area, they were a simple visual aid to assist in navigation.

Fishnet fan Lindsay Lohan: Confessions of a Teenage Drama Queen (2004), (left), Elle Style Awards, London, February 2015 (centre) and Cannes Film Festival, May 2017 (right).  

There are both fishnet tights and fishnet stockings and unless worn in a manner to permit an observer to discern which, whether it’s one or another is often known only to the wearer, the distinction blurred further by manufacturers being sometimes inclined to be a bit loose with their labeling.  While both items of leg-wear, there are technical differences in the construction, coverage and style.  Tights should be made of a thicker, more opaque material which affords complete coverage from the waist to the toes.  Although a fashion item, the historic purpose of tights was to keep the legs warm in cold weather and they were a garment of some importance when there were dress codes which denied women the right to wear trousers.  Constructed almost always in one piece, tights have an elastic waistband which has the primary purpose of keeping them in place but there are some tights which technically are “shapewear”, the midsection an expanded, all-round elastic panel which has a mild compression effect on the areas around and immediately above the hips, rendering a more trim silhouette.  Except for a handful of high-priced products, tights use relatively thick materials like nylon or spandex (sold as lycra in some markets).  There are also composite materials now available which has meant the range of thicknesses, colors and patterns offered has been expanded and the finishes range from semi-sheer to opaque, making them suitable for casual and formal occasions while still providing protection from the cold.  The essential difference between tights and leggings is the later are shorter, stopping anywhere from the ankle to the upper calf (although some specialized sports leggings extend only to somewhere above the knee).

Classically, stockings were designed to cover only the legs between the upper-thigh and the toes.  Made typically from a sheer material, they are held in place by a device called a “garter belt” or “suspender belt” which sits around the hips, two (sometimes three) elastic “suspender slings” (a marvelous name) are attached to each side at the ends of which are metal clips into which a rubber or silicone disc is inserted through the stocking material, holding it permanently in place.  Usually sheer in a color spectrum from black to white (with a solid emphasis of “skin tone” although sensitivity to the implications of that term means it now less used), patterns are also available and among the most popular is the single, emulated “seam” running vertically up the back of the leg.  Until the mid twentieth century, stockings were made almost exclusively from silk are they remain available but the majority use some form of synthetic, either nylon or a nylon-mix and are thought to impart both a more delicate and refined look and are thus associated with formal attire.  The modern hybrid which has since the 1970s captured most of the stocking market is “pantyhose” (the construct being a portmanteau of the modified clippings of panties (panty) + hosiery (hose).  Pantyhose used the design of tights and the sheer material of stockings, the obvious advantage being the convenience of not needing the belt apparatus with its alluring but fiddly “suspender slings”.  Fishnet pantyhose are available.

Wednesday, September 20, 2023

Mezzanine

Mezzanine (pronounced mez-uh-neen)

(1) In architecture, a low story between two other stories of greater height in a building, especially when the low story and the one beneath it form part of one composition; an entresol (in general use referred to as “mezzanine” or “mezzanine floor”, most historically between the ground and first levels because so many were added to take advantage of the high ceilings often found in these voids.  A mezzanine is an intermediate floor (occasionally called a “sub-storey” or “demi-storey”) which does not extend over the whole floor-space below and can thus be visualized a kind of (usually large) large balcony overlooking the floor below; many were atop “grand” staircases which were often the focal point of ground floors.

(2) By extension (and used loosely), an apartment, room, restaurant etc on such an intermediate floor.

(3) In theatre (and other performance spaces) design, the lowest balcony or forward part of such a balcony (North American use and known sometimes as the “dress circle”), the seats there usually sold either at a premium or a discount against the “orchestra” seats depending on the structure.

(4) In theatre design, a space under the stage, from which contrivances such as traps are worked (obsolete).

(5) In financial markets, an intermediate stage in a financial process, known variously as “mezzanine funding”, “mezzanine capital”, or “mezzanine debt” (“mezz” the shorthand of traders).

(6) In interior design, an additional layer of flooring, laid over a floor either to raise the height, conceal imperfections or afford protection from water penetration (the latter common in server rooms & farms).

(7) As “mezzanine window”, a a small window at the height of a mezzanine floor or an attic.

(8) In computer hardware, as mezzanine board, the gender-neutral replacement term for the earlier daughter boards (which plugged into motherboards (now the gender neutral system board)

(9) In figurative use, any intermediate or ancillary stage or device (rare except in engineering (engineering) where it’s used to describe things fulfilling an intermediate or secondary function.  Curiously, software engineers & coders seem not to use the term, possibly to avoid confusion with the hardware devices.

1705–1715: From the French mezzanine & its etymon the Italian mezzanino (a low story between two higher ones in a building), from mezzano (middle (adjective) & go-between (noun)) the construct being mezzan(o) (in either sense of “middle”), from the Latin mediānus (median; of the middle) + -ino (the diminutive suffix).  Mezzano was from the Latin adjective mediānus (central, middle), from medius (mid, middle), ultimately from a construct of the primitive Indo-European root médyos or médhyo (middle)) + -ānus (the suffix meaning “of or pertaining to”).  The word was almost exclusive to architects before the early twentieth century when it came to be used on New York’s Broadway to mean “lowest balcony in a theater”, presumably because the use of something so Italianesque might justify charging a premium for the ticket.  The Italian mediānus was an element also in words like mediator (an agent who interposes between two parties), medium (that size between big & small) and medieval (a creation of Modern English from the New Latin medium aevum (the middle age, thus pertaining to or suggestive of the Middle Ages), the construct being medi(ānus) (the middle) + aev(um) (age) + -al (the Latin adjectival suffix appended to various words (often nouns) to make an adjective).  Mezzanine is a noun & adjective and mezzanining & mezzanined are verbs; the noun plural is mezzanines.  Because mezzanine was a particular specification in architecture, historically, adjectives like mezzaninesque or mezzaninish would have been absurd but given the fertile imaginations of those engineering new financial products, they may yet come into vogue.

417 & 419 Venice Way, Venice Beach, Los Angeles, California where, during 2011, Lindsay Lohan lived (in 419 (right)).  This style of construction is sometimes called a “pigeon pair” but these two are only "semi-mirrored" because there are detail differences in the architecture.  Next door (417) lived Ms Lohan's former special friend Samantha Ronson.  Each four bedroom (3½ bathrooms) house included a floating stairway leading to a mezzanine which the property’s agent described as “ideal for a studio or office”.

419 Venice Way: Ground level showing the floating staircase to the mezzanine (left) and the mezzanine (right).

In casual use, many refer to smaller mezzanines as balconies but architects note the latter tend to be installed on a building’s exterior while a mezzanine is inherently an indoor feature.  While the motifs of ether can be used either inside or out, by convention the indoor/outdoor convention of use dictates the choice of nomenclature.  A mezzanine is an intermediate level which is built with a partial floor which doesn’t fully cover the floor and historically many were added between the ground and first levels to take advantage of the high ceilings often found in these voids, many featuring the so-called “grand staircases” which were often the focal point of ground floors.  By contrast, a balcony is an elevated platform typically attached to the upper exterior of a building to provide a space onto which people may sit or stand for a variety of purposes.

Lobby (foyer) of Stamford Plaza Brisbane, Queensland, Australia with the “grand staircase” leading to the mezzanine.  Wedding photographers are especially fond of big staircases because they provide the ideal base for the train of a bride’s dress to fall in a photogenic way.

Penta Mezzanine’s conceptual diagram of mezzanine financing.

The idea of mezzanine financing emerged in the US early in the twentieth century and is a highly variable mechanism involving a hybrid mix of debt and equity, the use of mezzanine in this context reflecting its “middle or intermediate” position between senior debt and equity in the corporate structures.  Mezzanine was a niche in US capital markets until the early post-war years when un-met demand in the gap between conventional (secured) bank loans and equity investment was identified and in the buoyant trans-Atlantic economy of the era it proved ideally suited to the increasingly popular leveraged buyouts (LBOs) and mergers & acquisitions (M&A) because of the flexibility and the acceptance of subordinated forms of capital.  By later standards the use of mezzanine instruments was on a small scale but the techniques developed lad the basis for the boom in corporate financing which flared in the newly deregulated environment of the 1980s and 1990s when the volume LBOs & M&A activity was such that some institutions were able to devote entire divisions to service the market.

Mezzanine financing is now part of financial industry in just about every developed economy and provides a source of capital combines debt and equity, almost always at a higher cost than traditional arrangements so while not regarded as a “last resort” in the way that term in used in banking, the device exists to fill the shortfall (ie the bit “in the middle”) between need and what conventional sources decide is justified by the risk.  Demanding (1) a premium interest rate to provide capital which is subordinated to other debts in the case of liquidation or bankruptcy & (2) taking an equity position are the ways the risk-reward math can be made to work for both parties and mezzanine financing continues to exists because it fulfills a need, thus ensuring there is both supply & demand to sustain the model.

Wednesday, July 31, 2024

President

President (pronounced prez-i-duhnt or preza-dint (plus many regional variations)

(1) The title of the highest executive officer of most modern republics.

(2) An official appointed or elected to preside over an organized body of persons.

(3) The chief executive (and sometimes operating) officer of a college, university, society, corporation etc.  Many corporate presidents function as something like a “char(man) of the board” rather than a CEO or COO.

(4) A person who presides.

(5) An alternative form of “precedent” (long obsolete).

1325–1375: From the Middle English, from the Old French president, from Late Latin praesidēns (presiding over; president of; leader) (accusative praesidentem) from the Classical Latin praesident (stem of praesidēns), the noun use of the present participle of praesidēre (to preside over, sit in front of).  The Latin word was the substantivized present active participle of the verb praesideō (preside over) while the construct of the verb was prae (before) + sedeō (sit).  The verb’s original sense was “to sit before” (ie presiding at a meeting) from which was derived the generalized secondary meaning “to command, to govern”, praesidēns thus meaning variously “the one who presides at a meeting”, “governor or a region”, “commander of a force” etc.  In English the construct is thus understood as preside + -ent.  Preside was from the Old French presider, from Latin praesidēre, the construct being pre- (before) + sedere (to sit).  It displaced the Old English foresittan which may have been a calque of the Latin.  The –ent suffix was from the Middle English –ent (which existed, inter alia, also as –ant & -aunt.  It was from the Old French -ent and its source, the Latin -ēns (the accusative singular was -entem), suffix of present participles of verbs in the 2nd, 3rd and 4th conjugations.  The word is used with an upper case if applied honorifically (President of Italy; President Nixon etc) but not otherwise but this is of the more widely ignored rules in English.  Modifiers (minister-president, municipal president, president-elect et al) are created as required.  The spelling præsident is archaic.  President & presidency are nouns, verb & adjective, presidentship & presidenthood are nouns, presidenting & presidented are verbs, presidential is an adjective and presiˈdentially is an adverb; the noun plural is presidents.  The feminine form presidentess dates from at least 1763 and is probably obsolete unless used in humor but that may risk one’s cancellation.

US politics in the last decade has had moments of strangeness so some things which once seemed unthinkable are now merely improbable.

In the US, “president” was used in the original documents of the constitution (1787), picking up the earlier colonial use as “officer in charge of the Continental Congress” and it had also been used in several of the colonies and that in the sense of “chosen head of a meeting or group of persons”.  During and immediately after the Revolution, the tile was adopted by the chief magistrates of several states but before long all instead settled on “governor”, emulating the colonial designation.  In the US, the most common slang shortening of president is “pres”, dating from 1892 although dictionaries note the earlier existence of “prex” which was student slang for the president of a university or college.  First recorded in 1828, as a Latin verb, it meant “a request, entreaty”.  The handy initialization POTUS (President of the United States) dates from 1879 when it was created as part of the “Phillips Code” a system devised by US journalist, telegrapher & inventor Walter Polk Phillips (1846–1920) to speed up the transmission of messages across wire services and reduce their cost (the services charging per letter).  Among those in the code was SCOTUS (Supreme Court of the United States) and later (long after the original rationale had been overtaken by technology) journalists and others started using VPOTUS (Vice-President of the United States), FLOTUS (First Lady of the United States) and NPOTUS (next President of the United States) the latter once applied to both Al Gore (b 1948; VPOTUS 1993-2001 & in 2000 the NPOTUS)) and crooked Hillary Clinton (b 1947; US secretary of state 2009-2013 & in 2016 the NPOTUS).  Word nerds, pondering nomination of the latest NPOTUS (Kamala Harris (b 1964; VPOTUS since 2021) as the likely Democrat nominee are wondering what will emerge to describe her husband should she become CMOTUS (Chief Magistrate of the United States), the options presumably FGOTUS (First Gentlemen of the United States) or FHOTUS (First Husband of the United States).  Presumably FMOTUS (First Man of the United States) won’t be used.

A full bucket of veep.

In the US during the nineteenth century there was a joke about two brothers: "One ran off to sea and the other became vice-president; neither were ever heard of again."  That was of course an exaggeration but it reflected the general view of the office which has very few formal duties and can only ever be as powerful or influential as a president allows although the incumbent is "a heartbeat from the presidency".  John Nance Garner III (1868–1967, vice president of the US 1933-1941), a reasonable judge of these things, once told Lyndon Johnson (LBJ, 1908–1973; US president 1963-1969) being VPOTUS was "not worth a bucket of warm piss" (which is polite company usually is sanitized as "warm spit").  For US vice-presidents, the slang veep (based on the phonetic V-P (pronounced vee-pee) is more commonly used.  Veep dates from 1949 and may have been influenced by the Jeep, the four wheel drive (4WD) light utility vehicle which had become famous for its service in World War II (1939-1945) with a number of allied militaries (the name said to be derived from an early army prefix GP (general purpose light vehicle)).  It was introduced to US English by Alben Barkley (1877-1956; VPOTUS 1949-1953), reputedly because his young grandchildren found “vice-president” difficult to pronounce.  In the press, the form became more popular when the 71-year-old VPOTUS took a wife more than thirty years younger; journalists decided she should be the veepess (pronounced vee-pee-ess).  Time magazine entered into the spirit of things, declaring the president should be Peep, the Secretary of State Steep, and the Secretary of Labor Sleep.  In the US, a number of VPOTUSs have become POTUS and some have worked out well although of late the record has not been encouraging, the presidencies of Lyndon Johnson (LBJ, 1908–1973; VPOTUS 1961-1963, POTUS 1963-1968), Richard Nixon (1913-1994; VPOTUS 1953-1961, POTUS 1969-1974) and Joe Biden (b 1942; VPOTUS 2008-2017, POTUS 2021-2025 (God willing)) 1963-1968 all ending badly, in despair, disgrace and decrepitude respectively.

Ayatollah Seyyed Ali Hosseini Khamenei (b 1939; supreme leader of of the Islamic Republic of Iran since 1989) hands Masoud Pezeshkian (b 1954, president of the Islamic Republic of Iran since 2024) the presidential seals of Office, Tehran, 28 July 2024.

Even in political science it’s not uncommon to see comparisons between “presidential system” and “parliamentary system” and while that verbal shorthand is well understood within the profession, it’s more accurate to speak of “presidential systems” because the constitutional arrangements vary so much.  Essentially, there are (1) “ceremonial presidencies” in which a president serves as head of state and may nominally be the head of the military but all executive functions are handled by a chancellor, premier or prime-minister (or equivalent office) and (2) “executive presidencies” where the roles of head of state & head of government are combined.  However, those structural models are theoretical and around the world there are many nuances, both on paper and in practice.  While there are many similarities and overlaps in presidential systems, probably relatively few are identical in the constitutional sense.  Sometimes too, the constitutional arrangements are less important than the practice.  In the old Soviet Union, the office of president was sometimes filled by a relatively minor figure, despite it being, on paper, a position of great authority, something replicated in the Islamic Republic of Iran where ultimate authority sits in the hand of the Supreme Leader (both of whom have been ayatollahs).  Many systems include something of a hybrid aspect.  In France, the president appoints a prime-minister and ministers who may come from the National Assembly (the legislature) but, upon appointment, they leave the chamber.  A US president appoints their cabinet from anywhere eligible candidates can be found but creates no prime-minister.  In the “ceremonial presidencies” there is also a spectrum of authority and the extent of that can be influenced more by the personality and ambition of a president than the defined powers.  One president of Ireland described the significance of the office as one of “moral authority” rather than legal power.

Some presidents who like being president.

(Vladimir Vladimirovich Putin; b 1952; president or prime minister of Russia since 1999).

Mr Putin was prime minister from 1999 to 2000, president from 2000 to 2008, and again prime minister from 2008 to 2012 before returning to the presidency.  The unusual career trajectory was a consequence of the Russian constitution forbidding the one person from serving as president for more than two consecutive terms.   Russia has an executive presidency, Mr Putin liked the job and his solution to (effectively) keeping it was to have Dmitry Anatolyevich Medvedev (b 1965; president of Russia 2008-2012 & prime minister of Russia 2012-2020) “warm the chair” while Mr Putin re-assumed the premiership.  Generously, one could style this arrangement a duumvirate but political scientists could, whatever the constitutional niceties, discern no apparent difference in the governance of Russia regardless of the plaque on Mr Putin’s door.

Recep Tayyip Erdoğan (b 1954; prime-minister or president of the Republic of Türkiye since 2003), pictured here meeting Lindsay Lohan, Presidential Palace, Ankara, Türkiye, 27 January 2017.  Palace sources say the president regards this meeting as the highlight of his time in office.

Mr Erdoğan has been president since 2014 having previously served as prime minister between 2003–2014.  As prime-minister under Turkey’s constitution with a non-executive president, he was head of government.  After becoming president, he expressed his disapproval for the system and his preference for Turkey’s adoption of an executive presidency.  On 15 July 2016, a coup d'état was staged by the military and, as coups d'état go (of which Türkiye has had a few), it was a placid and unambitious affair and the suspicion was expressed it was an event staged by the government itself although there’s little evidence to support this.  Mr Erdoğan blamed an exiled cleric, his former ally Fethullah Gülen (b 1941), for the coup attempt and promptly declared a state of emergency.  It was scheduled to last three months but the parliament extended its duration to cover a purge of critical journalists, political opponents, various malcontents and those in the military not overtly supportive of Türkiye.  In April 2017 Mr Erdoğan staged a national referendum (which the people duly approved), transforming the Republic of Türkiye into an executive presidency, the changes becoming effective after the presidential and parliamentary elections of June 2018.

Reichspräsident (Reich President) Paul von von Hindenburg (right) accepts the appointment of Adolf Hitler (left) as Reichskanzler (Reich Chancellor), Berlin, Germany, 21 March 1933 (Potsdam Day).  Standing behind Hitler is Hermann Göring (1893–1946; leading Nazi 1922-1945, Hitler's designated successor & Reichsmarschall 1940-1945).

Of course, if one has effectively “captured” the state, one can just decide to become president.  When in 1934 Adolf Hitler (1889-1945; Führer (leader) and German head of government 1933-1945 & head of state 1934-1945) was informed Generalfeldmarschall Paul von Hindenburg (1847–1934; Reichspräsident (1925-1934) of the German Weimar Republic 1918-1933) was dying, unilaterally he had replaced the constitutional procedures covering such an eventuality, the “Law Concerning the Head of State of the German Reich” (issued as a cabinet decree) stipulating that upon the president’s death the office of Reichspräsident would be abolished and its powers merged with those of the chancellor under the title of Führer und Reichskanzler (Leader and Chancellor of the Reich).  Thus, the leadership of the party, government and state (and thus the military) were merged and placed exclusively in Hitler’s hands, a situation which prevailed until his death when the office of Reichspräsident was re-created (by a legal device no more complex than a brief document Hitler called his “political testament”) as an entity separate from the chancellorship.  Interestingly though, in a manner typical of the way things were done in the Third Reich, although in 1934 there ceased to be a Reichspräsident, maintained as administrative structures were (1) the Chancellery, (2) the Presidential Chancellery and (3) what became ultimately the Party Chancellery.

Mercedes-Benz 600 Landaulets a 1966 short roof (left) and 1970 long roof ("presidential", right),  

Between 1963-1981, Mercedes-Benz built 2190 600s (W100), 428 of which were the long wheelbase (LWB) Pullman versions, 59 were configured as Landaulets with a folding roof over the passenger compartment.  Built in both six and four-door versions, the Landaulets were available with either a short or long fabric roof, the latter known informally as the "presidential" although the factory never used the designation.  Twelve of the presidentials were built, a brace of which were bought by Kim Il-sung (Kim I, 1912–1994; Great Leader of DPRK (North Korea) 1948-1994) and subsequently inherited (along with the rest of North Korea) by Kim Jong-il (Kim II, 1941-2011; Dear Leader of DPRK (North Korea) 1994-2011) and Kim Jong-un (Kim III, b 1982; Supreme Leader of DPRK (North Korea) since 2011).

The 1970 Landaulet pictured was purchased by the Romanian government and used by comrade president Nicolae Ceaușescu (1918–1989; general secretary of the Romanian Communist Party 1965-1989) until he and his wife were executed (by AK47) after a “people's tribunal” held a brief trial, the swiftness of which was aided by the court-appointed defense counsel who declared them both guilty of the genocide of which, among other crimes, they were charged.  Considering the fate of other fallen dictators, their end was less gruesome than might have been expected.  Comrade Josip Broz Tito (1892–1980; prime-minister or president of Yugoslavia 1944-1980) had a similar car (among other 600s) but he died undisturbed in his bed.  The blue SWB (short wheelbase) car to the rear is one of the few SWB models fitted with a divider between the front & rear compartments including hand-crafted timber writing tables and a refrigerated bar in the centre console.  It was delivered in 1977 to the Iranian diplomatic service and maintained for Mohammed Reza Pahlavi (1919–1980; the last Shah of Iran 1941-1979).

Crooked Richard Nixon (1913-1994; US president 1969-1974) chatting with crooked Lyndon Johnson (LBJ, 1908–1973; US president 1963-1969).  His credibility destroyed by the Watergate scandal, Nixon is the only US president to resign from office.

The term Watergate has come to encompass an array of clandestine and often illegal activities undertaken by members of the Nixon administration but the name is derived from a break-in into Democratic National Committee’s (DNC) offices at the Watergate complex in Washington, DC on 17 June 1972.  A series of revelations made it clear the White House was involved in attempts cover up Nixon’s knowledge of this and other illegal activities.  He continued to insist he had no prior knowledge of the burglary, did not break any laws, and did not learn of the cover-up until early 1973.  Also revealed was the existence of previously secret audio tapes, recorded in the White House by Nixon himself.  The legal battle over the tapes continued through early 1974, and in April Nixon announced the release of 1,200 pages of transcripts of White House conversations between him and his aides. The House Judiciary Committee opened impeachment hearings and these culminated in votes for impeachment.  By July, the US Supreme Court had ruled unanimously that the full tapes, not just selected transcripts, must be released.  One of the tapes, recorded soon after the break-in, demonstrated that Nixon had been told of the White House connection to the Watergate burglaries soon after they took place, and had approved plans to thwart the investigation.   It became known as the "Smoking Gun Tape".  With the loss of political support and the near-certainty that he would be impeached and removed, was “tapped on the shoulder” by a group of Republicans from both houses of Congress, lead by crazy old Barry Goldwater (1909–1998).  Nixon resigned the presidency on 8 August 1974.

Mr Nixon assured the country he was "not a crook" although in that he was speaking of matters unrelated to the Watergate scandal.

One thing even his most committed enemies (and there were many) conceded of Nixon was his extraordinary tenacity and Nixon fought hard to remain president and the most dramatically Shakespearian act came in what came to be called the Saturday Night Massacre, the term coined to describe the events of 20 October 1973 when Nixon ordered the sacking of independent special prosecutor Archibald Cox (1912-2004), then investigating the Watergate scandal.  In addition to Cox, that evening saw also the departure of Attorney General Elliot Richardson (1920-1999) and Deputy Attorney General William Ruckelshaus (1932-2019).  Richardson had appointed Cox in May, fulfilling an undertaking to the House Judiciary Committee that a special prosecutor would investigate the events surrounding the break-in of the DNC’s offices at the Watergate Hotel.  The appointment was made under the ex-officio authority of the attorney general who could remove the special prosecutor only for extraordinary and reprehensible conduct.  Cox soon issued a demand that Nixon hand over copies of taped conversations recorded in the Oval Office; the president refused to comply and by Friday, a stalemate existed between White House and Department of Justice and all Washington assumed there would be a break in the legal maneuvering while the town closed-down for the weekend.

Before the massacre.  Attorney-General Elliot Richardson, President Richard Nixon and FBI Director-Designate Clarence Kelly (1911-1997), The White House, 1973.

However, on Saturday, Nixon ordered Richardson to fire Cox.  Richardson refused and resigned in protest. Nixon then ordered Deputy Attorney General William Ruckelshaus to fire Cox.  Ruckelshaus also refused and resigned.  Nixon then ordered Solicitor General Robert Bork (1927-2012), as acting head of the Justice Department, to fire Cox; while both Richardson and Ruckelshaus had given personal assurances to congressional committees they would not interfere, Bork had not.  Brought to the White House in a black Cadillac limousine and sworn in as acting attorney-general, Bork wrote the letter firing Cox; thus ended the Saturday Night Massacre.  Perhaps the most memorable coda to the affair was Richardson’s memorable post-resignation address to staff at the Department of Justice, delivered the Monday morning following the “massacre”.  Richardson had often been spoken of as a potential Republican nominee for the presidency and some nineteen years later, he would tell the Washington Post: “If I had any demagogic impulse... there was a crowd... but I deliberately throttled back.” His former employees responded with “an enthusiastic and sustained ovation.  Within a week of the Saturday Night Massacre, resolutions of impeachment against the president were introduced in Congress although the House Judiciary Committee did not approve its first article of impeachment until 27 July the following year when it charged Nixon with obstruction of justice.  Mr Nixon resigned less than two weeks later, on 8 August 1974, leaving the White House the next day.

Lyndon Johnson (left) & Sam Rayburn (1882-1961, right), Washington DC, 1954.

Nixon’s predecessor also liked being president and few have assumed the office in circumstances more politically propitious, even if it was something made possible by the assassination of John Kennedy (JFK, 1917–1963; US president 1961-1963).  Johnson had for over two decades worked to achieve control of the Senate and at the peak of the success of the Johnson-Rayburn congressional era the Democrats held majorities of 64-36 in the Senate and 263-174 in the House of Representatives.  In the 1964 presidential election (facing Barry Goldwater), Johnson won a crushing victory, securing over 60% of the popular vote and taking every state except Goldwater’s home state of Arizona and a handful south of the Mason-Dixon Line.  Relatively uninterested in foreign policy, Johnson had a domestic agenda more ambitious than anything seen since the US Civil War (1861-1865) a century before and what he achieved was far-reaching and widely appreciated for its implications only decades after his death but it was the US involvement in the war in Vietnam which consumed his presidency, compelling him dramatically to announce in April 1968 “…I shall not seek, and I will not accept, the nomination of my party for another term as your president.  As a message, it was strikingly similar to that in July 2024 delivered by Joe Biden (b 1942; US president 2021-2025), something nobody seemed to think a mere coincidence.  Also compelling are similarities between the two, both spending a political lifetime plotting and scheming to become president, having no success until curious circumstances delivered them the prize with which genuinely they achieved much but were forced to watch their dream of re-election slip from their grasp.

Nicolás Maduro (b 1962; President of Venezuela since 2013, left) and Hugo Chávez (1954-2013; President of the Bolivarian Republic of Venezuela 1999-2013 (except during a few local difficulties in 2002, right)).

Donald Trump (b 1946; US president 2017-2021) of course liked being president and the events of 6 January (the so-called "capitol riot") are regarded by many (though clearly not a majority of US Supreme Court judges) as an attempted (if amateurish) insurrection, something Mr Trump denies encouraging.  To the south, in Venezuela, Mr Maduro also really likes being president and is from the comrade Stalin (1878-1953; Soviet leader 1924-1953) school of democracy: “It matters not who votes, what matters is who counts the votes”.  Accordingly, in July 2024 there was some scepticism when the National Electoral Council (the NEC, controlled by Mr Maduro’s political party) announced the president had won the 2024 presidential election with 51.2% of the vote, despite the country being in a sustained economic crisis during which it had suffered a rate of hyper-inflation at its peak so high the economists stopped calculation once it hit a million percent and seen more emigration than any country in South or Central America not actually in a state of declared war.  For a country which possesses the world’s largest known reserves of crude oil, the economic collapse has been a remarkable achievement.  Mr Maduro came to office after the death of Hugo Chávez, a genuinely charismatic figure who took advantage of a sustained high oil price to fund social programmes which benefited the poor (of which his country had a scandalous number) who, unsurprisingly voted for him; Mr Chávez won his elections fair and square.  The decrease in oil revenue triggered a chain of events which meant Mr Maduro hasn’t enjoyed the same advantages and some claim his victories in the 2013 & 2018 elections were anything but fair & square although the numbers were so murky it was hard to be definitive.  Details of the 2024 results however are not so much murky as missing and although the NEC provided aggregate numbers (in summary form), only some 30% of the “tally sheets” (with the booth voting details) were published.  Interestingly, the (admittedly historically unreliable) public opinion polls suggested Mr Maduro might secure 30-35% of the vote and the conspiracy theorists (on this occasion probably on sound ground) are suggesting the tally sheets made public might have been selected with “some care”.

In the way these things are done, the regime is sustained by being able to count on the reliability of the security forces and the conventional wisdom in political science is this can be maintained as long as (1) the members continued to be paid and (2) the percentage of the population prepared to take to the streets in violent revolt doesn’t reach and remain at a sustained critical mass (between 3-9% depending on the mechanics of the country).  So the streets are being watched with great interest but already Mr Maduro has received congratulations from the leaders of Iran, the Democratic People’s Republic of Korea (the DPRK; North Korea), Bolivia, Cuba, Honduras, and Nicaragua and Russia so there’s that.  Mr Maduro runs the country on a basis not dissimilar to being the coordinator of a number of "crime families" and on 2 August the US State Department announced they were recognizing the leader of the opposition as the "legitimate winner" of the election and thus president of the Bolivarian Republic; gestures like this have previously been extended but the regime's grip on power was strong enough to resist.  The opposition numbers are now greater and generous will be the resources devoted to ensuring a critical mass of protesters isn't achieved and Caracas doesn't see its own "capital riot".  For as long as the security forces remain willing and able to retain control of the streets and ensure the population isn't deprived of food for three days (another trigger point for revolution established by political scientists), Mr Maduro should be able to keep the job he so obviously enjoys. 

1955 Studebaker President Speedster.  As well as the styling motifs, there was a sense of exuberance in the two (and sometimes three) tone color schemes the US industry offered in the 1950s.  

Studebaker used the President name (they also offered a "Dictator" until events in Europe made that a harder sell) for their most expensive models, the first three generations a range of sedans, coupes and roadsters produced between 1926-1942.  The name was revived in 1955 and used until 1958, the range this time encompassing two and four-door sedans & station wagons and two-door coupes and hardtops.  The last of the Packards (the much derided, so-called "Packardbakers" which had a brief, unsuccessful run between 1957-1958) was based on the Studebaker President Speedster, the most admired of the range.