Morning News; August 4th, 2008

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.

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2 responses to “Morning News; August 4th, 2008

  1. polisciafterparty

    absolutely no bseball was played over the weekend…except for the yanks taking the last 2 of their 4 game series with the Angels, or the LAAOA…and i’m sure the mets played as well, i just can’t find one mets fan who will tell me what happened…interesting…

    DC convention in T-minus 3 days and counting…

    -trader

  2. polisciafterparty

    Denial is the first step to redemption.

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