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Friday, April 12, 2002
Two things to watch, if you have the chance to: Michael Glawogger's Megacities and Foreign Objects by Ken Finkleman.

Summer, maybe. The new and good, if you turn off the sound, Ali G video reminds me once again how far away those days at Round Hill are. Don't be put off by vanity and celebrity, it's one of the most relaxed place to spend some time in the sun.

Natty surely could use some Schweinsbraten and Semmelknoedel. Damn, i sound like Wallpaper.

Another important proposal: Let Countries Go Bankrupt, by Kunibert Raffer: "Economists know that protracted maneuvering does not make unpayable debts paid but increases the debt overhang. So-called phantom debts accumulate, which are economically non-existent as they cannot be recovered, but which make things difficult for everyone. History proves that the impossibility of collecting them has to be faced eventually. The choice is between further delays with damaging effects on debtor economies and an orderly, fair, and quick procedure to cancel unpayable debts, bringing debt service in line with the ability to pay. " Excellent and profound paper. Similar: Debt Relief for Low Income Countries: Arbitration as the Alternative to Present Unsuccessful Debt Strategies (.pdf).
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