Irrational Exuberance
Whatsoever things are true...



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Tuesday, August 13, 2002
 

Northwestern University's football program sounded an optimistic note at a recent press meeting. I love NU football these days. In a time when the stock market is on a slow, but consistent, downward trend, the number of SUVs on the road increases regularly, and Dubya can be counted on to bash Saddam Hussein at every opportunity ... Wildcat football is a total unknown. In 2000 they were expected to finish last in the Big 10/11, and they tied for the championship. In 2001, they were picked to lead the conference, and dropped to the bottom. They're in great shape this year, with predictions of sharing the cellar with Indiana. They can hardly lose.

Go Cats!
12:15:22 PM      comment []


Paul Krugman thinks there's a lot of fixing needed in corporate America.

Now the administration is sounding the all clear -- we've passed a bill, we've arrested five people, it's all over. But the work of reconstructing corporate America has barely begun.

12:04:37 PM      comment []

I join Captain George Vancouver and many others in returning from Alaska without having found the northwest passage. I guess we have to settle for flying to Europe to get there quickly.  

I did, however, discover that globalization and capitalism are alive and well on the frozen tundra. There are gift shops inside gift shops. Huge cruise ships disgorge passengers onto the dock directly in front of cruise-line-owned gift shops (Ketchikan) and cruise-line-sponsored railways (Skagway).  

Fortunately, the bears, eagles, sea otters, and whales do not carry advertising messages and are willing to cavort for free in off-the-beaten-track waterways so that people on small ships like ours can idle away hours watching them. I tell you, seeing a bald eagle take off, wheel around, and land -- up close with binoculars -- is an awe-inspiring sight. And a big brown bear swimming between islands doesn't give a rat's butt for those insignificant little cruise ships.

And the land -- what a magnificent place. We spent most of our time in southeast Alaska, where 800-foot-deep fiords meander between peaks thousands of feet high. We heard glaciers thundering and saw seals hanging out on bergie bits. In Denali -- although The Mountain didn't grace us with a view -- we were treated to the spectacle of a wolf trotting down the road, completely ignoring our stopped tour bus. You'd think he owned the place.

To be honest, I did not sit down at the keyboard immediately upon return. We've been home for a bit more than a week, but I couldn't bring myself to reenter the world quite so soon. The only news I heard for twelve days was the announcement that Lance Armstrong had won the Tour de France. That was just fine.
9:58:57 AM      comment []



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