ft,22.8.2011

merkel sticks 2 the eu national model, bout of m nationalism 2 increase competitiveness. politicians look distanced from real dangers of crisis, in a bubble like gaddafi. politics wont follow markets. 2 quote Kant : Da un legno storto come’è quello di cui l’uomo è fatto non può uscire nulla di interamente diritto” Out of the crooked timber of humanity, no straight thing was ever made.
Idea for a General History with a Cosmopolitan Purpose (1784), Proposition 6
Variant translations: Out of timber so crooked as that from which man is made nothing entirely straight can be built.
Fiscal Union, difficult to get there and yet is the only viable solution

obama, members of his economic team have left, lack of authoritative skills 4 new policy proposals?lack of clear plans and boldness, he did not presen5t6 any plan, he left 4 holydays and bus tour, hee looks pale. mortimer zuckermann, business has lost confidence in admin. diamond jpm decliend to succeed geithner.
one of the problems of the current crisis is to use conventional economic tactics. see merkel declarations, crporatist state, rigidity, statu quo may prevail also w/ obama,
vito tanzi review by samuel brittain, 70k usa tax code pages, outcome of state cature lobbying process
viktor veksleberg and skolkovo program
banks shift unwanted assets into pension funds to fill deficit gap
uk insureres over scr tripleB ( solvcency capital requirment) may pay div idends 2 investors
article on ftmanagement, no 2 a higher frequency flash crash