Link of the Week (as opposed to the Weakest Link):
From American Raj, a new book by Eric Margolis: Abdullah Azzam “ran a dingy little rooming house next to his office for Muslim mujahedin headed for Afghanistan that came to be known as ‘the base’ or ‘the centre,’ and in Arabic, ‘al-Qaida.’ Rarely in history has an international revolutionary movement sprung from such modest origins.” From humble beginnings, a little acorn grows.
From “Reversal of Fortune” by Joseph Stiglitz at Vanity Fair: “We learned from the Depression that markets are not self-adjusting — at least, not in a time frame that matters to living people.” There’s only so long you can put off your retirement because of a down market. Full story »
