9-18-08

9-18-08—But now American legal influence is waning. Even as a debate continues in the [US Supreme] court over whether its decisions should ever cite foreign law, a diminishing number of foreign courts seem to pay attention to the writings of American justices. NYT A1

--“We have the irony of a free-market administration doing things that the most liberal Democratic administration would never have been doing in its wildest dreams.” –Ron Chernow NYT C1

--[President] Bush sought to reassure the public Monday, but his comments appeared to have little effect on markets. WSJ A3

--..European states have regularly come to the rescue of their distressed companies.—WSJ A4