Richmond Writing

Metaphor of the Month! Moral Hazard

I try to sneak in words from the world of business here, and today’s metaphor comes just in time, as two banks associated with the Tech Sector have collapsed, or come so close that their assets got seized by the Federal Government.

Today, on my way in to work, I heard the term “moral hazard” associated with banking. I’d more likely consider it a term for a lost weekend in Las Vegas or New Orleans.

Investopedia provides a succinct definition for our metaphor that maps well onto what has happened recently, namely the “risk that a party has not entered into a contract in good faith or has provided misleading information about its assets, liabilities, or credit capacity. In addition, moral hazard also may mean a party has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles.”

The entry continues to discuss the lack of consequences faced by the party who breaks faith and, let’s be honest, betrays the others involved. In the cases of our banks, they appear to have either taken on risky investments or engaged in other practices that put depositors’ money at risk.

It’s reprehensible to me, but then my financial advisor ranks me as a moderately conservative investor. I try to keep risks low, at least long-term ones.

So to me, playing with others’ money is immoral. The OED provides an 1875 date of first year, and it emphasizes an outcome rather than initial behavior. The entry cites the insurance industry, where “the effect of insurance on the likelihood of the insured event occurring; the lack of incentive to avoid risk,” which reminds me of the FDIC’s coverage, in theory, of only the first $250,000 in an account. The entry cites a recent example of usage, “Ted Galen Carpenter of the Cato Institute, a free market think tank, argues that a big financial bail-out would risk creating perverse economic incentives or moral hazard.”

Will unlimited bail-outs of wealthy investors’ deposits create incentives for more risk-taking by new banks? Perhaps.

I’m not Cato-Institute material. I’d prefer we regulate banks tightly and punish more bankers with felony time, not punish the depositors (however wealthy). To me, these courses of action guarantee a moral outcome. Only one banker was jailed after the 2008 financial crisis. Fining banks did not stop what we are seeing today.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image courtesy of Nick Papakyriazis at Flickr.

Word of the Week! Dungeon

“All those years of Dungeons and Dragons taught me…” begins a hilarious moment of wisdom from the old and often wonderful series The X-Files. Still, what is a dungeon?

The game envisions a dangerous place full of monsters where one can get lost forever. Or in the case of the image above, history teaches of a dreadful below-ground prison where people get put and forgotten. That wretch of a manakin was being gnawed on by a stuffed rat, at Bolton Castle in Yorkshire, when I visited in 2009. The history was horrible but the effect? Monty-Python and Far Side cartoons.I began to wonder about dungeons this week when I asked our Registrar’s office to get me the heck out of a ground-floor classroom with terrible lighting, a loud air-handler that will not stop running, and two tiny windows to natural light that vanish as soon as our overhead-projector screen lowers.

At 9am, such a setting does not bode well for teaching undergrads. We discussed the term in our new room today, and a few students recalled donjon from French. The origin appears (according to the OED entry) Anglo-Norman and first recorded use in the 1300s. Later senses moved the dungeon from a fortified tower (think of the Tower of London) underground, as at Bolton Castle.

In case your mind dove into the gutter, only in our strange current times has the term acquired a sexual connotation. First use in the OED’s reckoning? 1969.

D&D’s dungeons? 1974.

There you have it, dungeon-crawlers (a D&D term for a party of adventurers who descend into the inky, horror-filled depths).

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Word of the Week! Embedded

I recently discovered this word, associated with “embedded journalists” during the Afghan and Iraqi wars, used for writing centers. No, we are not battlefields except for ideas and stylistic choices. Yet when we assign a Writing Consultant to a specific class, that employee gets called, at some other centers, “an embedded tutor.”

Seeking clarity for the first use of “embedded” in this sense, I tried The OED, but the dictionary only describes an item fixed inside another, with usage going back to the early 19th Century. Our final arbiter of definitions remains silent about the word, as modern metaphor.

Oxford Reference helps with etymology, giving a date of 2002 for a Pentagon strategy regarding reporters in war zones. Ostensibly the use of reporters attached to a military unit could have protected the non-combatants, yet as Oxford Reference’s entry notes, seconding what I have read in other accounts, at times the act of embedding resulted in journalistic bias, favoring the military or a particular operation.

As this blog does not directly concern itself with journalistic ethics or military affairs, I leave it for the reader to decide. Yet when we make a person part of a team, in an academic sense, can we likewise expect a completely unbiased result? I suspect that reasoning underlies the ex officio status of senior administrators on many academic committees. They step into discussions only when needed.

Where have you encountered our word?

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image courtesy of Craig Duas at Flickr

Word of the Week! Gobsmacked

Any readers from the UK may know this wonderful adjective that first appeared in a 1937 reference, according to the OED. It’s slang, not academic language, but such a colorful term for the more formal “astonished” or “astounded” that I would never correct a writer for employing it.

The gob in question is a mouth. It’s of Scottish origin. If you recall the Monty Python “Argument Clinic” sketch, where a customer accidentally walks into the room for verbal abuse you’ll hear “shut your festering gob” used as one of many insults hurled around. That was my first encounter. Since then, I have heard “gobsmacked” many times in England and Scotland, not so much in Wales (which could be accidental).

Though it suffers from low frequency of use (2 of 8 at the OED) it appeared more in recent trips to the UK. Perhaps it’s simply too colorful to die out, as it expresses the sort of horror you’d experience from a slap to the mouth, delivered out of the blue.

Don’t leave me gobsmacked by telling me this word is bound to die. We need more fun slang like this on both sides of The Atlantic.

Special thanks to Dr. Kate Cassada, UR’s Department of Education, for nominating this word.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image courtesy of Wikipedia.

Metaphor of the Month! Gordian Knot

Do you think that Alexander the Great cheated when he cut apart a knot that no one else could untie? Or used a different shortcut? Two versions of the story exist. You can read a history of this legend here, but I am more concerned with how an ancient event became a wonderful, if underused, metaphor today.

I encountered Gordian Knot to represent an intractable problem, only later learning it can imply a clever solution as soon soon as the right person shows up.

Remember Rubik’s Cube? It never went away, but at first no one could solve the problem. We had them all around our dorm rooms in the early 80s. Now in contests the cube can be solved in a few seconds. There’s a trick to that, Alexander might say.

Metaphorically, our term has been applied to geopolitics in areas ranging from Afghanistan to Zimbabwe. The US National Debt (and its ever-rising limit) have been called Gordian Knots, as has human-driven climate change. Some knots got cut (the Soviet/US nuclear-arms standoff) only to be retied recently.

Students will encounter this metaphor in academic work; it hearkens back to a time when Classical metaphors abounded. I came on the scene in the twilight of that era and enjoy classics to this day. Have a look when you can, because these metaphors linger in modern academic prose.

image of work by Jean-Simon Berthélemy courtesy of Wikipedia.

Word of the Week! Volition

This word has a great deal of relevance when we discuss Open AI’s ChatGPT software. That program elicits responses that range from unreasoned panic to pedagogical curiosity among colleagues locally and globally.

We fear, in short, that a machine will replace us.

Yet the AI has no volition. The OED entry defines our word as “An act of willing or resolving; a decision or choice made after due consideration or deliberation; a resolution or determination.” It comes from Latin volo, “I wish” or “I will.”

I decided to ask the AI about this. It replied “No, I am a machine learning model and do not possess volition or consciousness. I can only respond based on the patterns and information in my training data.”

If Strong AI ever develops, it will be able to ask us questions by itself, taking our answers to improve its own code. No developers needed to tweak its 1s and 0s.

Let that give you some comfort, as you are readers endowed with volition, curiosity, and the ability to change the contents of your mind by applying those two marvels. Consider this question put to the AI:

Beatles or Rolling Stones?

The Rolling Stones is a legendary British rock band that formed in 1962. They are considered one of the most influential bands in the history of rock music, and have produced many iconic songs such as “Satisfaction,” “Brown Sugar,” “Start Me Up,” and “Jumpin’ Jack Flash.”

On the other hand, I’m not aware of any specific references to “Lumpels” as a band, so I can’t make a comparison. Based on this context, I can say that The Rolling Stones is a more well-known and influential band compared to “Lumpels”.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image of Cylon Centurions courtesy of Dr. Gaius Baltar.

Word of the Week! Solvent

I build plastic models as a hobby, and for much of the work, among the adhesives I employ a glue that works as a solvent. It dissolves things, making parts stick by making polystyrene soft.

Our word has, in business, nearly a contrary meaning. One who is not bankrupt and can pay debts is also called “solvent.” Instead of taking away something, solvency here adds solidity. Or perhaps solvents that work as adhesives add strength by temporarily weakening?

Yet that cannot be the case: if you have worked with strong enough solvents, you know that they dissolve completely the substance called a solute, resulting in a solution. Yes, I got a C in college chemistry.

It amazes me that both senses of our word, the two most commonly heard nowadays, date to about the same time, if one studies the OED entry.

Incidentally, we often speak of the bankrupt as “insolvent,” a sense not used with chemicals (as far as I know).

This post will remain a mystery to me. Why did such different meanings emerge from the same Latin roots? That’s one of the things I most enjoy about looking at familiar-seeming words. “Solvent” has a frequency band of 6 (of 8) at the OED. it’s a daily word.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image of solvents courtesy of Wikipedia.

Word of the Week! Marcescence

My wife Nancy gets credit for this post, when she pointed out how the Beech trees in our woods hold their leaves all winter. Oaks do for a while, too, after the first cold snap. Nan informed me that this quality of some plants is called marcesence.

I’m a tree lover, not a scientist, so this quality of some plants appealed to me when their marcescent leaves rattle in the wind. The OED entry gives that adjective a “Band 2” in usage, meaning it keeps company with “words which occur fewer than 0.01 times per million words in typical modern English usage.” As lexical items go, in English it’s a newcomer, dating to scientific usage in the 18th Century, with (as we can hear when we say it) a Latin progenitor meaning to wither.

I’m certain any faculty who teach botany use our word more frequently. The quality of marcescence may, as the Wikipedia entry notes, protect the plant from large browsing herbivores who otherwise would much on twigs and smaller branches.

No offense to them and their work, but it’s a word we Humanists should steal. It has an onomatopoeic sound, like the murmuring of dry Beech leaves. Our word is rife with metaphor, particularly at the start of a new semester.

Do you have any old leaves you need to shed? Or ones to hold onto that may protect you until Spring?

As Tennyson says in one of the poems that can be found his Arthurian epic Idylls of the King, “the new leaf ever pushes off the old.” Soon we and those trees clinging to their leaves won’t have a choice.

Hello, January.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image of partially marcescent Beech courtesy of Wikipedia.

Word of the Week! Truculent

Not long ago I covered insolent, a label that teachers affixed to me in grade school. I was also labeled with our current word of the week. It too has Latin roots. Maybe my label came from the many fights I got in, usually getting pummeled but always coming back for more.

The OED entry gives us barbarous, savage, fierce, and other words I love. Yes, that was grade-school me.

I have not been truculent lately, though the word came up in a fine article by Ian Bogost in The Atlantic, where the scholar of online culture and gaming logged on to Open AI’s ChatGPT and “asked for a set of diagnostic criteria for an invented psychological condition I named ‘Inherited Truculence.’ ”

The AI, by the way, has led many in academia to declare without much evidence but much truculence that the written essay is dead. Not so fast, I’ll shout, with my own pronounced truculence. I find the AI’s answers to one of my course prompts worthy of an F, as it cited no sources despite the prompt’s requirement.

More on Open AI here soon. Have a non-truculent holiday with your family and friends and if you get truculent thinking of snow, tough. I’m truculent with those who prefer summer to winter. Bring that snow in mountains, please.

See you in January but you can still nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image from Judy Baxter at Flickr. An image search for “truculent” turned up this stag. I once had one charge me in the Madrid Zoo, so there you go. Truculent!

Word of the Week! Umbrage

Old Well House

I had no idea that this word, usually employed with the verb “take,” and meaning “to show displeasure,” has cast a long and complex shadow. Shadows grow lengthy this time of year, so let’s step into them for a moment.

Several obsolete meanings shown in The OED’s entry give us a sense of how, over centuries, definitions change. The word itself stretches its long shadow back through Old French to Latin, with a first-recorded use in English from the early 1400s.

At first, our word signified a shadow cast by a tree’s foliage or an object, even by a King or other grandee. Later it came to mean a feeling of suspicion; the modern “the shadow of a doubt” and “cast doubt upon” preserve some of that earlier umbrage.

I like this very old word, but The OED provides no examples later than 1900. Currently it enjoys a “usage frequency” of 4 out of 8 in The OED editors’ estimation. I bet the frequency will drop, as this week’s word falls ever more into the umbrage of time. Time leaves us all in the shade, eventually. Let’s not take umbrage about that ineluctable fact.

Nominate a word students need to learn by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below.

See all of our Metaphors of the Month here and Words of the Week here.

Image of a well-house roof and its umbrage by the author.