"There is a crack in everything, that's how the light gets in"
(Leonard Cohen)
"Ignore all proffered rules and create your own, suitable for what you want to say"
(Michael Moorcock)
"Look for your own. Do not do what someone else could do as well as you. Do not say, do not write what someone else could say, could write as well as you. Care for nothing in yourself but what you feel exists nowhere else. And, out of yourself create, impatiently or patiently, the most irreplaceable of beings."
(Andre Gide)
"I want my place, my own place, my true place in the world, my proper sphere, my thing which Nature intended me to perform when she fashioned me thus awry, and which I have vainly sought all my life-time."
(Nathaniel Hawthorne)
“A book must be the axe for the frozen sea within us.”
(Franz Kafka)
"All mankind is of one author, and is one volume; when one man dies, one chapter is not torn out of the book, but translated into a better language; and every chapter must be so translated"
(John Donne)
“Never attribute to malice that which is adequately explained by stupidity.”
(Robert J. Hanlon)
"Life is beautiful, but the world is hell"
(Harold Pinter)

Thursday, September 08, 2011

Capital's Busted Flush

EXTRACT: No wonder alarm bells are ringing - something has to be done. In particular, more voices are being raised doubting the wisdom of pushing ahead with all the various austerity programmes, which look more and more like an act of collective economic suicide. Hence the president of the World Bank, Robert Zoellick, warned that the drive to cut national deficits across Europe could “sink” the region’s economic recovery - as the hope that perhaps we can somehow “muddle through” by a magical emergence of “financing and liquidity” rapidly fades away. More stridently still, Christine Lagarde, the IMF’s managing director, starkly declared that the global economy faced a “threatening downward spiral” if it did not abandon fiscal austerity and instead switch to “growth-intensive measures”. More concretely, Lagarde said it was essential to recapitalise banks so as to “avert contagion” and “withstand the risks linked to the debt crisis and weak growth”. In other words, do an about-turn before it is too late.

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