1) No baseball was played over the weekend. None.
2) Notwithstanding Cassidy’s excellent post regarding the importance of blinders when reporting on the Olympics in China, I feel it’s important to note that the host nation is becoming a Giant Fortress for the Olympics. I find the crackdown interesting not because of the human rights concerns (which may be valid), but because this sort of crackdown may become the reality going forward for events such as the Olympics in an environment when an attack by dissident/terrorist groups would have the greatest impact.
3) In the most disappointing political concession Obama has made since his granting immunity to companies that allowed the government to execute warrant-less wiretaps, he may now Back Off-Shore Drilling. It’s a sad day when a candidate adopts a policy that you know both he and his legion of economists know is a bad policy and yet he is forced to move towards it because of the political convenience of catering to the lowest common denominator.
4) Stagflation? Economy weak, while Inflation Rises Most Since 1981. Dun dun DUN.
5) Those of you who remember reading One Day in the Life of Ivan Denisovich will be saddened to find out that its author, Aleksandr Solzhenitsyn died at 89.