About howard

Wine, Physics and Song is my blog. Roughly speaking, I'm a quantum physicist, working mostly in the foundations of quantum theory, and in quantum computation and quantum information processing. My main focus recently has been understanding the nature of quantum theory by understanding how the possibilities it gives us for processing information compare to what might have been, by studying information processing in abstract mathematical frameworks, using tools like ordered linear spaces and category theory, in which not only quantum and classical theories, but all sorts of "foil" theories that don't seem to be realized in our physical world, but are illuminating to contrast with quantum theory, can be formulated. Sometimes I like to call this pursuit "mathematical science fiction".

Wines for the 99% from South America via Trader Joe's: Panilonco 2009 Carmenère, La Finca 2010 Malbec

I have to hand it to Trader Joe's for the generally very high quality to price ratio in their wine section.  I recently reviewed several cheap or reasonably priced wines from TJ's, and here are a couple more.

The 2010 La Finca Malbec, Oak Aged, from Mendoza, Argentina, is another recommended bargain from TJ's at $3.99.  It has that typical Malbec fruitiness, reminiscent of blackberries and also of some of the old-time Italian-American wines from California, but it is not syrupy or overripe, or overconcentrated, and it has a nice bit of tannin to add backbone to the fruit.  Very quaffable with pizza and such.  On a par in quality  with the 2010 La Finca Cabernet I reviewed earlier.

The 2009 Panilonco Carmenère, D.O. Colchagua Valley, Chile, is also a typical expression of the grape, and another fantastic bargain at TJ's for $4.99.  It has the ripe, somewhat sappy, open mouthfeel of the Panilonco Cabernet-Malbec I reviewed earlier, but plummy flavors with a hint of spice (cloves or allspice?), and some dark complexity, perhaps leafiness.  It definitely resembles some Italian Carmenères I've had from Friuli-Venezia-Giulia, but is a bit less tightly structured and softer, though not excessively alcoholic or syrupy.  It also bears some resemblance to a good, softer-styled Bordeaux, even though the latter are made from different grapes.

These are both just plain well-made, tasty wines, not spoiled by overreaching.  Each of them is a clear expression of typical flavors of their respective grapes.  If you've never tried these grapes, this is a good chance to find out what kind of wine they make for very little money.  The Carmenère is perhaps a bit more complex, but they're both interesting and enjoyable wines---and fabulous deals at TJ's price.   You'd be hard pressed to find a better red than either of these for under $10, and even spending more is certainly no guarantee of something you'll enjoy drinking more than these bottles.

Latest European finance agreement

The "voluntary" agreement by holders of Greek bonds to accept a 50% loss is better news than I expected for Europe. See this story from BloombergTim Duy's worries (found via Mark Thoma's excellent blog yesterday, before the current agreement was announced) still have some force for me, though.   However, "a signal from leaders that the European Central Bank will maintain bond purchases in the secondary market" (Bloomberg) sounds interesting.   In more detail:

Leaders tiptoed around the politically independent ECB’s broader role in keeping the euro sound, making no mention of its bond-purchase program in a 15-page statement. The Frankfurt- based central bank has bought 169.5 billion euros in bonds so far, starting with Greece, Ireland and Portugal last year, then extending the coverage to Italy and Spain in August.

While Trichet didn’t mention the controversial purchases either, his successor, Mario Draghi of Italy, indicated that the policy will continue. Speaking in Rome yesterday, Draghi said the ECB remains “determined to avoid a poor functioning of monetary and financial markets.”

This, from Duy yesterday, may explain the tiptoeing:

The German contingent has effectively shut down the ECB. From the Wall Street Journal:

Lawmakers also pressed Ms. Merkel to push banks considered systemically relevant to raise core capital to 9% by a deadline of June 30, 2012 and urged her to insist on an end to the European Central Bank's program of purchasing euro-zone bonds on the open market to prop up weakened euro-zone members as soon as the EFSF is launched. German lawmakers also called for a clear European commitment to the ECB's independence.

The Germans fear the inflationary consequences if the ECB essentially monetizes the debt of the periphery. But the lack of a credible lender of last resort is crippling rescues efforts, and will continue to do so.

I agree with Duy (and Paul Krugman) that it's ultimately crucial for the ECB to provide this credibility, backing Spanish and Italian bonds, for instance, against a speculative run. Just possibly, Draghi's statement is an attempt to indicate that, pace the German parliament, they will.

Duy: "The whole issue of leverage looks to be little more than a smoke and mirrors effort to make the real firepower of the fund appear to be much greater than reality." In Wolfgang Munchau's even more pointed words": "to disguise a lack of money".

Or possibly, it is smoke and mirrors to disguise a role for the ECB . Perhaps this is wishful thinking. One would really like to know what is in Mario Draghi's mind right now. But at least EU leaders have been decisive about one of the needed actions (the 50% haircut). ECB backing of European bonds is another, about which there is clearly more uncertainty than one would like, but some hope.  It would be far better to remove that uncertainty---doing so sooner rather than later lowers the ultimate cost to EU economies and finances.  It is expectations---confidence that the bank will if necessary back those EU governments whose money is leveraged in the EFSF rescue fund---that are crucial.  Ideally, too, the ECB would concomitantly pursue a looser overall monetary policy, stimulating the EU's economies and thus reducing the cyclical component of their deficits (increasing the tax base, and reducing the need for unemployment-insurance payouts and other äutomatic" cyclical social safety-net spending).   Optimally, the bank would not counteract the tendency of looser money to depreciate the Euro ("sterilize" it, in the jargon), as the high Euro is hurting exports from the European countries whose economies are in the worst shape.  Here Duy is probably right that talks with China to provide funds point in the wrong direction.  Chinese purchases of Euro-denominated assets strengthen (increase the value of) the Euro.

New Album: Only in Dreams (Dum Dum Girls)

New album "Only in Dreams" by the Dum Dum Girls is out on Sub Pop records. The quick summary? Doo-wop with fuzz guitars. Worthwhile.  Check it out.

Dum Dum Girls - Only in Dreams by subpop

Choice bits include the driving Always Looking (whose grungish main strain is followed by some even more retro stylings); the garage-fuzz-meets-50s Bedroom Eyes; the snappy, poppy In My Head; Heartbeat with its doowopish verse; Wasting Away; and the slow guitar anthem Comin' Down (with a sound, and chord changes, reminiscent of Knocking on Heaven's Door).  But really, it's all pretty choice.

Wine at Trader Joe's I: Cheap and good. (Wingman 2009 Shiraz, Trader Joe's Petit Reserve 2009 Tempranillo, Panilonco 2010 Merlot-Malbec, La Finca 2010 Cabernet, Trader Joe's 2009 Reserve Cabernet Mendocino)

Many of you have probably discovered that Trader Joe's is a great place to get wine.  I wasn't impressed the few times I sampled their famed "two-buck Chuck" wines  under their Charles Shaw label (now three or four bucks), and that probably slowed my adoption of TJ's as a wine source, but about a year ago I gave their other wines a try and discovered that they are a great source of quality, excellent-value-for-money wines.  You won't find the most high-end, handcrafted, and often expensive wines here, but if you're planning on spending $4 to $20 for a wine, you'll probably do better at TJ's than most places.  I believe that they can use their volume buying capability, and long-term contracting capability, to grab large lots of wine or grapes that are pretty good but not quite what some pretty good winery wants in its expensive blend; or to buy the excess production of a good winery that can't sell all its production at premium prices, or perhaps even to work directly with both winemakers who don't grow, and growers, to get what they want made for them.  They are privately held by a German family business, which I speculate (quite baselessly) may give them some special connections with or insight into medium and low priced Bordeaux of quality, since Germany seems to traditionally have good reasonably priced Bordeaux available, that you don't see in the states.  (More on TJ's Bordeaux in a later post.)

Some recent finds in the super-value department:

2009 Trader Joe's Petit Reserve Tempranillo, California.   Don't precisely recall the price, probably in the $4-6 range.  Rather velvety mouthfeel, with some nice but not overbearing mouthcoating tannins, a little bit of hotness or roughness but not too much.  Good strong berry fruit flavors, not overdone, though not an especially dry wine.  Veering a little toward candy but not too much.  And, late in the meal, some dark, toasty, minerally, really surprising complex tastes emerging that remind me of nothing so much as the excellent (and far more expensive) Syrahs and Grenaches made by Jaffurs in the Santa Barbara area.  Definitely has California forwardness compared to most Spanish Tempranillos, but a really good wine for the money.  If the dark complexity holds up or develops upon finishing the bottle over the next few days, this could be not just a very good, but a stunning, value.  I plan to buy more if it's still available (this may have been purchased several months, perhaps even six months, back).

2009 "The Wingman" California Shiraz (90%) / Viognier (10%), County Fair Wines (Sebastopol, CA).  $6.99.  On first opening, this has a classic Cotes-du-Rhone-like nose and mouth, with some autumn-leaf and slightly spicy components, dark berry fruits and very slight hints of mineral or tar.  The mouthfeel is smoother and fuller than a generic Cotes-du-Rhone, and slightly glyceriny, probably due in part to the Viognier, which may be responsible for a bit of a floral, aromatic note (the label mentions tropical fruits).  There's also more blueberry, a typical feature in some Syrahs (notably some Aussies, and Cornas).    Reasonably well balanced, perhaps a little bit elegant though not velvety, with some relatively coarse tannin that feels loosely held in a fairly "watery" (not a criticism, and doesn't imply lightness) wine.  Holds up well over a few days, too...mostly losing the leafy and floral elements, though, and some of the fresher berry elements.    My son thought the label was "awesome"...it features a male harpy with a turn-of-the-century (1900ish) moustachioed face, cutaway revealing skeletal and visceral components, armor or stocking-clad human legs, wings of course...and various diagrams and quill-pen writing in a 19th century European calligraphic style.  Quite weird and slightly pretentious...I would probably not normally buy a wine with this label, but a TJ's staffer recommended it, and rightly so.  I bought two more bottles on a return visit.  This wine is an excellent value, and a fairly unusual wine.  Closest comparison is probably certain mid-range ($20ish) Australian Shirazes, but this is a bit less alcoholic and tannic, which may be good thing for current drinking.

2010 "Panilonco" Merlot-Malbec, Colchagua Valley, Chile. $4.99.  Produced by Vinedos Errazuriz Ovalle.  This is a great deal on a hearty but very drinkable red.  It seems to me to have delicious ripe-tomato flavors in addition to a decent amount of berry fruit and somewhat chewy tannins, along with a teeny bit of darker, more complex flavor.  I like it much better than the "Trader Joe's Coastal" Cabernets and Zins I've tried at the same price which have a similar overall profile, but are less balanced and have some foxy (Concord-grape-like) flavors and sometimes a slighlty offputting amount of vegetality.  Again, I could use another bottle or two.

2010 La Finca Cabernet, Argentina. $3.99.  This was great with burgers,  both veggie and beef, at a Democratic Party barbeque.  (It would probably be just as good at a Republican party barbeque.)   I seriously doubt you will find a better red for $3.99 anywhere, although TJ's Epicuro Salice Salentino is in the same price range, and as good (but different).  Very drinkable, combines some blackberry and other dark fruit flavors with little tea and tarriness, medium body supported by a  modicum of somewhat chewy tannin, a relatively loose structure but reasonably good balance.  Most importantly, a wine you just want to drink more of, not a tiring overalcoholic or overbearing-with-fruit wine, but not wimpy either.  Kind of like a good example of a less vegetal Bordeaux Superieur, but more enjoyable to drink than most Bordeaux superieurs I've ruin across even in the $10-18 range, as the latter often have the flaw (possibly due in part to poor conditions during transport from Europe to the US) of being relatively full-bodied, strongly flavored, and decently tannic, but with something a bit bitter and austere, a slightly excessive hit of vegetality and olives on occasion, and more importantly, somewhat closed or unexpressive.  I went back to get more and the labels were still on the shelves but all the La Finca wines, save five or six bottles of Chardonnay, were gone from the shelves.  (They also make a Merlot and a Malbec, and I think also another white, like a Pinot Grigio or Sauvignon blanc.)  That tends to happen at TJ's---people identify the best bargains, and load up.

2009 Trader Joe's Reserve Cabernet, Mendocino, California. $9.99.  Vinted and bottled by DNA Wines, Ukiah, CA.  Made from organic grapes.  This wine is softer and more elegant than any of the above.  On the other hand, at $10 it doesn't really qualify as "cheap".  I have had good luck with all the TJ's Reserve wines I've tried (besides this, two vintages of Dry Creek Reserve Cabernet (2008 and 2009) and a Dry Creek Reserve Zinfandel).   This one indeed has plummy flavors as claimed on the label... I think of the dark purple-black-skinned plums with reddish-orange to pale-orange flesh.  Add to that some clovish elements, dark berry fruit, hints of complexity, fine tannins in moderation, and you have a really nice wine, quite different from the Dry Creek cabernets, and I fancy showing some typically Mendocino characteristics and flavors.  Ready to drink now, or age a few years; perhaps slightly low in acid and loose in structure for long aging, but it might be worth a try.  Excellent value, distinctive, flavorful, and easy to drink Cabernet.  Again, I plan to get two or three more bottles.

Another reason I shoulda voted for Hillary? Read Brad DeLong's review of Ron Suskind's "Confidence Men"

From Ron Suskind's "Confidence Men", via Brad DeLong's Grasping Reality:

[Elizabeth] Warren was caught off guard by Romer's intensity, and her thoughtfulness.... Question after question, the two engaged in an intellectual thrust-and-parry, until finally... Romer broke her stride. "Why is it always the women?" Romer said. "Why are we the only ones with balls around here?"

Hmm, maybe I shoulda voted for Hillary in the 2008 Democratic primaries... Except back then, I feared she had a lot of the centrist, believe-what-all-the-Serious People are saying, don't-fight-the-consensus tendencies that have turned out so badly for Obama, as witness e.g. her position before the Iraq war.

Maybe Elizabeth Warren should be running for something bigger than Senate...

Do read Brad's critical review of the book... very enlightening about the book and about administration policy.  (Also available at Brad's blog.)

Song: Venus Bogardus at the AHA festival, Santa Fe Railyard

At the free  AHA festival at the Santa Fe Railyard last Sunday, I discovered that Santa Fe has a first-rate post-punk rock band, Venus Bogardus, originally formed in Bath, England in 2005.  The band includes James Reich, guitar and vocals, and Hannah Levbarg, bass and vocals.   They seem to usually play in a trio, with different drummers over the years...the current drummer seems to be Luke Carr.  They played with an excellent taped drum track on the stage at El Museo Cultural, a very tight, energetic but not overbearing (and not too loud!)  set with plenty of excellent songwriting---e.g. their opener, Research---in evidence.   Their sound and songs reminded me at times of Sonic Youth and the Minutemen---and it turns out they opened for Mike Watt and the Missingmen in 2009.  They have several albums out, but they played quite a few new songs.  Hard for me to see why a band this good hasn't made it bigger yet---their songs, while definitely punk-influenced, are often very catchy, and have plenty of interesting structure and variety.  Perhaps the lyrics are a bit arty, abstruse, and/or political for mainstream popularity.   One of the recently written songs' chorus goes "We got the politics, we got the politics, we got the gender politics".     One of their shoutier, more repetitive songs (I think it has basically two sections, a verse and a chorus, each of which is rather simple, just a few repeated measures), but still catchy.  Then again, I guess I rarely  (to a first approximation, never) hear even the catchiest stuff from Sonic Youth or the Minutemen on the radio....but Sonic Youth and Mike Watt both appear to be able to keep going.  So hopefully there's a way for a band this good to survive without the blessing of Clearchannel et. al.

Unfortunately no-one in the audience of 40 or 50 at the Museo was dancing, though there was plenty of room up on stage and about eight young fans were sitting or standing there nodding lightly to the music.  It really begs for some dancing, or at least more vigorous head-nodding.  Pogo, anyone?

Venusbogardus.com has lots of info and (on the homepage blog) free downloads of three live "bootleg" tracks from a Santa Fe Brewing Company performance, of which my favorite is Permanent Notice.   For more listening (and more up to date concert info) you need to visit their Myspace page, where you can listen to five tracks, including the excellent Spitting at the Glass and Judy Davis Lips from their latest CD, Spitting at the Glass.

Here's a player (from their page at Bandcamp.com) with all the tracks from the CD:

Judy Davis Lips shows the Sonic Youth similarities clearly go a lot further than "post punk band with a female bassist"... the intro, with its chiming, oddly-tuned guitars sounds like classic SY, rhythmically too, and the song itself definitely resembles SY's catchier, poppier aspect, though you could perhaps hear some Dead Kennedys in the verse.  But you can't tell me the voiceover starting at 2'20 was not inspired by Kim Gordon.  The modulation, relaxing into a cushion of harmony, into the chorus is exemplifies their songwriting skill.  But chasing influences isn't the main point---whatever their influences, they have their own sound, and do their own thing very well---as the quirky but very catchy song Spitting at the Glass illustrates.

For more music, you can listen to (and purchase) three of their albums at bandcamp.com.

If you don't mind really bad fidelity, this gives an idea what they're currently like live:

Venus Bogardus, "Jacques Rigaut", live at the Atomic Cantina, Albuquerque

Eats: Hanne på Høyden, Bergen, Norway

Bergen, Norway

Bergen

Was recently in Bergen Norway as part of the FQXi conference Setting Time Aright.  (I didn't know it had gone awry...).  Since Norway seems to be one of the world's most expensive travel destinations, I figured I would take full advantage of the hotel breakfast, skip lunch, and have dinner at a really good restaurant---most restaurants in town are nearly as expensive as a really good one anyway.

Hanne på Høyden, Bergen, Norway

Hanne på Høyden, Bergen, Norway

Hanne på Høyden turned out to be one of the best places I have ever eaten.  They tend toward Norwegian, and local, ingredients where possible.  Nice, casually elegant location in the former Brun bakery.  (Frederick Brun is gone, but his business now has branches in various parts of Bergen---just not the original building.  Prices deterred me from sampling.)  A large, high-ceilinged room with plenty of windows on the street holds most of the diners; a half-level higher, but open to the main room, is a small bar with counter looking toward the kitchen, and a couple of high tables, and also a cool, semiprivate room, with photos of Brun and the building in its old incarnation as bakery, on the walls.  I ate at one of the high tables in the bar area (probably lucky to get the chance without a reservation).

The complimentary amuse-bouche was a mousse of creme fraiche and crabmeat topped with a little herring roe.  Light and airy and flavorful, the herring roe a perfect intensely flavored salty complement to the crabmeat.  Perfection.  Rye bread with local butter was a perfect accompaniment to this and the rest of the meal.  The house-made wheat beer was slightly floral, not as sweet or alcoholic as some wheat beers can be--very refreshing and tasty.

Starter was a cold tomato and raspberry soup, described by the waitress as like a gazpacho.  Which indeed it was---a light, somewhat foamy gazpacho, very intensely flavored, with some herbs that looked like very tiny and tender parsley, shavings of parmesan, and ripe raspberries and half cherry tomatoes sprinkled on top.   Raspberry and perfectly ripe, sweet tomato turn out to be an inspired pairing.  The soup tasted like there was an intense olive oil swirled in, but also something minty that perfected the flavor combination---it turned out to be not olive oil, but birch oil.  This was as good a dish as I've eaten anywhere.

The main course was "Fjordfe med grønnkål og ramsløksaus", which I  understood to translate as "Fjord beef"---a relatively rare kind of cattle raised in pastures by the fjords of Norway's west coast---with green kale and wild fennel sauce.  I think it is "Fjordfe" in Norwegian.  It was superb---cooked medium rare, just as I asked, it did not have a red-meaty taste at all, but was rather mild and nutty, sliced into pieces in a delicious sauce of cream, wild fennel, and "Viking garlic", which I take to be some local wild tuber.  I'd ordered a glass of Tuscan Sangiovese to go with the beef, but it turned out the wheat beer was a perfect pairing---without the red-meaty taste, red wine was unnecessary (although it was a tasty enough glass).  The roasted small potatoes accompanying the dish were superb, though perhaps the salt encrusting them was a bit much.  Another great dish.

Dessert was "Sesongens bær på fløtepudding", a half-inch layer of a pudding (somewhat like a thick, smooth creme anglaise) generously studded with seasonal berries: blueberries, raspberries, fat, ripe gooseberries, red and black currants, possibly some melon if my memory isn't confusing me, all perfectly ripe and tasty.  Simple but perfect---a fabulous end to a fabulous meal.   Well, not quite the end---a glass of intense house-made raspberry liqueur was the finishing touch.

Not cheap but worth it---a truly memorable meal, one of the best restaurant meals I've ever had.  Michelin doesn't seem to have paid much attention to Norway (I think there are five restaurants it has starred, all in Oslo)---but Hanne på Høyden is obviously the kind of restaurant that deserves a star--or two.

Soros on the Euro

George Soros on Europe's troubles and how to avert a crisis.

I don't think his solution of a new treaty creating a unified European Treasury, is going to happen before the European situation gets much worse.  I'm not sure a unified Treasury is required to deal with the current crisis, but I'm not confident Europe will be decisive enough in recognizing the fact that Greece will default, protecting and strengthening (taking over when necessary) affected banks, helping out Spain and Italy, avoiding counterproductive austerity and tight monetary policy, and so on.   Things look pretty bleak for the world and US economies over the next year.

From AP (11:30 AM Sept. 16)

U.S. Treasury chief Timothy Geithner is meeting with European finance ministers in Poland, which may suggest that the U.S. is growing more concerned about Europe's direction.

The U.S. is now pushing for a more decisive solution. On Friday, European leaders pushed back, saying they want to postpone a decision on more Greek payouts until October.

Perhaps the fact that the US is pushing Europe on this should be considered positive, but it also underlines the seriousness of the situation.

Latvian Austerity

Interesting post by Ed Hugh at Fistful of Euros on austerity in Latvia... goes somewhat beyond the usual point that the "success" of austerity in the Baltic republics (in the sense that they are not considered to be in imminent danger of defaulting on their debt, and in the sense that GDP is again growing) has come at the cost of enormous drops in GDP (which the current growth in GDP has still not made up).  Krugman is also good on this, but Hugh's post goes into a lot of detail and argues that even in terms being able to pay their debt, things may not look so good in a few years.

What's basically been going on is "internal devaluation", i.e. massive wage and price deflation, in order to reverse the decline in competitiveness that followed Latvia's pegging its currency to the Euro.  This has been accomplished in part by austerity that has been extremely contractionary, and has resulted in a massive shift toward exporting by the Latvian economy, earning it foreign exchange with which to pay euro-denominated debt.   But the huge cost in macroeconomic contraction might have been partially avoided by devaluing instead of maintaining the peg (although massive devaluation, while macroeconomically stimulative through the export demand channel, may in some circumstances cause macro problems as well...).