"There are no silver bullets. My sense is 18 to 24 months of a very tough economic environment," Maria Ramos, chief executive of Transnet, South Africa's rail and logistics company, told Reuters.
"Forty percent of the world's wealth was destroyed in the last five quarters. It is an almost incomprehensible number," said Stephen Schwarzman, chairman of the leading private equity company Blackstone Group. "Business will be very different."
Yet none dare call this a depression. Do we have to get to 51% for that?
Iain Dale calls up a report that says the UK may go broke, and offers a surly Icelandic t-shirt image.
Tina Brown may have been onto something launching The Daily Beast, titled the newspaper in Evelyn Waugh's depression-era farce, Scoop (look it up, ya wankers) . Today she features a royal gossip-hound on Prince Harry getting dumped by his gal.
God hath spake to lunatic Congresswoman Michelle Bachman, and sayeth, "Put up a blog and be the House Democrats' hall monitor."
SC Senator Jim DeMint and his sidekick in uplifting the moral tone of government, David Vitter, has voted against everything the new admniistration has sent up so far.
Drudge is upset there's a big item for STD prevention ni the stimulus package. When you look at the swath AIDS has cut through the working age population of Africa, it makes sense. As an alleged big old closet case , though, the Hatted One has to oppose it.
The New York Observer says Andrea Mitchell is a gay icon. GMAFB, she's Alan Greenspan's wife and looks like Doris Kearns Goodwin's mother.
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