George Saunders wins Booker prize for 'Lincoln in the Bardo'

Agencies
October 18, 2017

London, Oct 18: American author George Saunders won the prestigious Man Booker Prize for fiction on Tuesday for Lincoln in the Bardo, a polyphonic symphony of a novel about restless souls adrift in the afterlife.

It is the second year in a row an American has won the £50,000 ($66,000) prize, which was opened to U.S. authors in 2014.

“I feel kind of numb,” said Saunders, who said disbelief and gratitude were his principal emotions on winning.

The book is based on a real visit President Abraham Lincoln made in 1862 to the body of his 11-year-old son Willie at a Washington cemetery. By turns witty, bawdy, poetic and unsettling, Lincoln in the Bardo juxtaposes events from Lincoln’s life and the U.S. Civil War through passages from historians both real and fictional with a chorus of otherworldly characters who are dead, but unwilling or unable to let go of life.

In Tibetan Buddhism, the bardo is the transition state between death and rebirth.

Baroness Lola Young, who chaired the Booker judging panel, said the novel “stood out because of its innovation, its very different styling, the way in which it paradoxically brought to life these almost-dead souls.”

Saunders was awarded the prize by Prince Charles’ wife, Camilla, Duchess of Cornwall, during a ceremony at London’s medieval Guildhall.

Accepting his trophy, Saunders said the book’s style may be complex, but the question posed at its heart is simple - Do we respond to uncertain times with fear and division, “or do we take that ancient great leap of faith and try to respond with love?”

The author said he resisted telling the story of Lincoln, an American icon, for 20 years. But the novel, which took four years to write, turned out to be pointedly timely in a divided United States.

Saunders said Lincoln had “a quiet, confident generosity of spirit.”

“He underwent I think a kind of spiritual growth spurt that we don’t see very often,” outgrowing the “lazy, racist attitudes” he was raised with, the author told reporters.

“His compassion and his heart kept growing out even as his own life was becoming more and more difficult,” Saunders said.

“Contrast that with the current administration that seems intent on shrinking the commonwealth of compassion until we can only care about people who are exactly like us. It’s a complete eradication of the American ideal.”

Lincoln in the Bardo is the first novel by the 58-year-old Saunders, an acclaimed short story writer who won the Folio Prize in 2014 for his darkly funny story collection Tenth of December.

A former oil industry engineer who teaches creative writing at Syracuse University in New York state, Saunders is probably best known outside literary circles for a commencement speech he gave in 2013 with the key message “Try to be kinder.” It went viral on the Internet, became an animated cartoon and was published as a book.

Saunders beat five other finalists- New Yorker Paul Auster’s quadruple coming-of-age story 4321; U.S. writer Emily Fridlund’s story of a Midwest teenager, History of Wolves; Scottish author Ali Smith’s Brexit-themed Autumn; British-Pakistani novelist Mohsin Hamid’s migration story Exit West; and British writer Fiona Mozley’s debut novel Elmet about a fiercely independent family under threat.

Saunders is the second American in a row to win the prize, founded in 1969 and until 2013 limited to writers from Britain, Ireland and the Commonwealth. The 2016 winner was Paul Beatty’s The Sellout.

The move to admit all English-language writers spurred fears among some British writers and publishers that Americans would come to dominate a prize whose previous winners include Salman Rushdie, Ben Okri, Margaret Atwood and Hilary Mantel.

Young said the judges “don’t look at the nationality of the writer. I can say that hand on heart it’s not an issue for us. The sole concern is the book.”

Prize organizers said 30 percent of the 144 books submitted by publishers for consideration this year were American, a figure slightly down from last year.

Young said the five jurors met for almost five hours Tuesday to choose the winner, finally agreeing unanimously on Saunders.

“I’m not going to pretend it was easy,” she said.

“We didn’t have any major meltdowns at all. But we did have quite fierce debates.”

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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