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..There's a little Samuel Pepys in all of us..

Wednesday, September 10, 2008

Now, while it may well be pointed out that some of the opinions stated here have not proven correct, yet..
It should not be much of a surprise to have confirmation from the European Commission. Official definition would have 'recession' as defined by negative economic growth for three successive quarters.. and that would indicate that France, Spain, and dear old Britain will officially slide down the economic ladder.. lose a gear..

It's odd.. and perhaps somewhat indicative of 'blue-collar' sentiment.. that the annual Conference of the TUC would spend literally hours this evening, praising their adoption of a plan to petition government for the relaxation of trade embargo's presently in place against Cuba..
One had no idea that so many members of the TUC executive were so well versed in Cuban history.. well, history of a sort..
From the utter corruption of Batista to the unwavering and indefatigable Socialist fight for the common man over the past 50 years.. it was all paraded out..
Of course.. the nationalisation of private lands, and the repressive policies which followed the actual revolution for decades after it's victory.. The thousands who flee the country still on a monthly basis to try and make it the 45 miles or so to Florida, were not mentioned..
But then.. is 'Democracy' any less a spurious label for that which the rest of us embrace, than the 'Socialism' endorsed by the TUC..

And let's not ignore the fallibility of those who venture to predict.. Brent is back below the £100AM per barrel level, and even with OPEC announcing a cut in oil production, the price of crude could well remain around the hundred level for a while. But while we smile at that, remember that's still a 35% increase over this time, last year. And the situation is still as volatile as it ever has been.
It's as though the markets are starting to inhale for the holding of breath that will start around the beginning of November..

Ahh.. and reports are becoming public now, about the international wrangling over the rights to the Arctic..
Russia is claiming the bulk of the area..citing the fact they sent a group to the North Pole and planted a flag..
Yes. The fact that flag has long ago floated away for lack of any ice to stick in, is apparently irrelevant..
Canada has the strongest claim, with Nunavut reaching far north of Baffin Island..
But the US is in there too, with it's Alaska claiming it's share of the top of the world..
Yet another reason to keep an eye on Steven Harper. A Western Canadian facing off with an old school Russian Communist.. Harper, or Steven perhaps.. has called the country to the polls the middle of October.
Should be fun..

And while the slagging picks up in the American hustings.. idiotic statements being made by both sides and tempests brewed teapots.. one is still looking for some concrete commitments from either side to bring the American economy into line, or to maintain it's position on the world stage..
A sad and lacking affair, this particular campaign, and this could be the worst case scenario for the rest of us..
One thanks what gods there may be for not being an American at this point, for either choice is going to lead to hardship, and one choice in particular could lead to the drastic reduction of the United States as a viable world power.
But, in what may well be his last major decision as Commander in Chief, George announced the deployment of another 8 thousand American troops to Afghanistan..
One has to wonder though, why so little attention is being paid to Pakistan of late.. A major change in power,, Musharaff away.. a Bhutto back in power.. that countries historic ties to Taliban..
"By the pricking of my thumbs..", to borrow a phrase..

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