I Shall Wear Midnight is the latest Terry Pratchett juvenile featuring young witch Tiffany Aching. Good entry in this series, it's interesting to see how the character has developed. Little bit weak for grown-ups perhaps, you can get a bit bored with the Nac Mac Feegle.
Yet another ear infection which is a drag. Not sure why I keep getting them, I haven't used earbuds in ages. The doctor reckoned it might be associated with eczema, as a kind of skin infection that works its way into the ear.
The usual way you catch them is by swimming, which I don't really do. I have been rinsing out my ears in the shower after the first infection, doc says I should actually try to keep my ears as dry as possible, so I'll try that.
Saw the Treasures of Heaven exhibition at the British Museum. Not bad, a lot of nice gold reliquaries and a couple of interesting reliquaries. Didn't seem that fantastic to me though. The V&A has a lot of great gold work and religious art on display for free, this costs £12 didn't seem that much better.
Economics. Eurozone problems are solvable.
This is because the eurozone’s overall fiscal position is quite healthy... The eurozone picture is even better when its underlying fiscal position, adjusted for the cycle and excluding debt interest, is taken into account.Interview on the history of debt.
While Britain had a deficit of 5.7% of GDP last year on this basis and America 7%, the eurozone’s was just 1.1%. By next year, according to the OECD, the eurozone will have an underlying budget surplus of 0.9% of GDP, compared with deficits of 3% for Britain and 5.8% for America.
So really, rather than the standard story – first there’s barter, then money, then finally credit comes out of that – if anything its precisely the other way around. Credit and debt comes first, then coinage emerges thousands of years later and then, when you do find “I’ll give you twenty chickens for that cow” type of barter systems, it’s usually when there used to be cash markets, but for some reason – as in Russia, for example, in 1998 – the currency collapses or disappears.
Politics. More on Turkey's disturbing Ergenekon trial. One day of Mexico murders, via. UAF anti-EDL demo set for Saturday 3 September. (People seem to be over-interpreting the ban on "marches", all it means is that everybody wanders up to the demo site individually instead of marching from A to B all together). Details of the Freemen on the Land legal conspiracy theorists. Clarence Thomas. Open letter from 103 historians about David Starkey on Newsnight.
Local. London black cabs are best taxis.
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