Saturday Morning Links

• Imagine that every day you wake up in your left-bank apartment, and the city has meaningfully morphed into some magically strange variant of Paris. On Tuesday, the streets and boulevards no longer meet at their old familiar intersections. On Wednesday, the Louvre moves to another arrondissement. The Arc de Triumphe turns upside-down on Thursday and floats in the sky on Friday. Now we’re talking. Now that is more like parenting. To be a parent is to be a permanent tourist in a constantly evolving foreign city, which also happens to be your home. The baby you bring home from the hospital is not the baby you rock to sleep at two weeks, and the baby at three months is a complete stranger to both. In a phenomenological sense, parenting a newborn is not at all like parenting “a” singular newborn, but rather like parenting hundreds of babies, each one replacing the previous week’s child, yet retaining her basic facial structure. “Parenthood abruptly catapults us into a permanent relationship with a stranger,” Andrew Solomon wrote in Far From the Tree. Almost. Parenthood catapults us into a permanent relationship with strangers, plural to the extreme. When you become a parent, you meet your child. And then you meet your child again. And again, every day after that. You will never stop meeting your child. That is one reason to become a parent: To have a child is to fall in love with a thousand beautiful strangers. [Derek Thompson]
• Douglas maintained that he could assume judicial senior status on the Court and attempted to continue serving in that capacity, according to authors Bob Woodward and Scott Armstrong. He refused to accept his retirement and tried to participate in the Court's cases well into 1976, after John Paul Stevens had taken his former seat. Douglas reacted with outrage when, returning to his old chambers, he discovered that his clerks had been reassigned to Stevens and when he tried to file opinions for cases in which he had heard arguments before his retirement, Chief Justice Warren E. Burger ordered all justices, clerks, and other staff members to refuse help to Douglas in those efforts. When Douglas tried in March 1976 to hear arguments in a capital-punishment case, Gregg v. Georgia, the nine sitting justices signed a formal letter informing him that his retirement had ended his official duties on the Court. It was only then that Douglas withdrew from Supreme Court business. [William O Douglas]
• Esoteric reading, being very difficult, requires one to slow down and spend much more time with a book than one may be used to. One must read it very slowly, and as a whole, and over and over again. It will probably be necessary to adjust downward your whole idea of how many books you can expect to read in your lifetime. [Mr. and Mrs. Psmith’s Bookshelf] 
• The true burden of debt is not the size of our national debt, but the cost of servicing that debt as a percent of our national income. Today that burden is significantly less than it was during the 1980s, mainly because interest rates are far lower than they were back then. If Congress exercises even modest restraint and the Fed doesn't have to raise interest rates (which they won't have to if inflation remains under control), then we can gradually reduce our deficits and the burden of our debt. [Scott Grannis]
• If I insisted upon elbowing my way into the metropole — so that I could pay dearly for the very comforting feeling of being only 30+ subway stops from where the Real Action Happens — I’d be broke, overworked, and essentially unable to write for a living. And so it is that by virtue of my incorrigibly low station in this world, I must confine myself to wherever’s dirt cheap — and that, my friends, is the hinterlands. It comes at a cost, of course. The isolation is extreme; it’s distressing that 100% of my intellectual life has to happen online. The winters are brutal. Pollen season is a nightmare. The summers are sweaty. My neighbors watch me — they’ll never really accept me even though I grew up just two counties away. We are a long way from Santa Barbara here. But what makes Santa Barbara, Santa Barbara? What makes a Manhattan? And why will there never be a hub of elite culture in Guymon, Oklahoma? I suppose I am a bit of a “hard geographical determinist.” It seems to me that, so far as we are speaking broadly and with an eye toward recognizing patterns, there are only a handful of “place genres” out there, and each is generally produced by geography above all. [Hickman's Hinterlands]
• But, beginning in 2000 – and perhaps because of Buffett’s age – Berkshire regrettably abandoned that discipline. It has since invested hundreds of billions of its hard-won cash into many businesses that no one can handicap. Worse, it has repeatedly bought whole businesses with very average economics, even when partial stakes of excellent businesses were readily available on the public markets, perhaps because of a mistaken belief that the resulting tax efficiency would prove more valuable than simply buying the better business. (Analysis to follow.) Berkshire has now become what Buffett mocked for decades: a conglomerate built for the ego of its management team, not for the benefit of its shareholders. [Porter & Co.] 
• South Bow Corp. says it is in the “early stages” of gauging customer interest in capacity on a cross-border pipeline linking Alberta’s Hardisty oil terminal to U.S. oil markets in Oklahoma and along the Gulf Coast — a project it is dubbing the “Prairie Connector.” The company said Friday it has commenced an open season — industry parlance for inviting potential customers to reserve capacity on a proposed project — using existing infrastructure and Canadian federal permits that are believed to have been originally issued for the cancelled Keystone XL project. [Financial Post]