Sunday, June 15, 2008

weekend update, June 14/15

June 15, 2008—The fears my parents had for me, and that I had had for myself, had both come to pass, and by every usual standard, I was the biggest failure I knew. Why do I talk about the benefits of failure? Simply because failure meant a stripping away of the inessential. I stopped pretending to myself that I was anything other than what I was.. J<>

June 15, 2008—The word “elite” is not a pejorative comment [in France]; it’s a compliment ... In Old Europe, they’ve moved on, assuming that the American president has done all the damage that he can do. The blazing hostility toward W. has faded to indifference and a sort of fatigued perplexity about les imbeciles de regime cowboy got into office, and how America could have put the world through all this craziness. – Dowd, NYT WK 12

June 14/15, 2008—Some investors believe that the renewed focus among US policy makers on stabilizing the dollar isn’t only aimed at taming broader inflation but also has a specific goal: namely, to knockdown sky-high oil prices. WSJ B1

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