I’m back on air now, after my longest time in some years out of Internet contact, in upstate New York, where I’ve been visiting my friend and colleague Bob Chambers by the shores of beautiful Lake Skaneateles. We spent a few days tossing ideas for new papers around, and generally getting away from day-to-day pressures. I’m now back in DC (Maryland actually) and glad to be turning homeward, though, as usual, I’ve had a very pleasant stay here.
I can see that I’ve missed more news than usual over such a period, and it will take me a bit of time to absorb it all. I’ll start by expressing my best wishes to the people of New Orleans and other areas affected by Hurricane Katrina. I lived in cyclone-prone areas for quite a few years, but never experienced anything worse than a category 3, which was scary enough for me.
I’ll try to post soon on the economic consequences of all this. Most notable is the fact that a local disruption like this could push the price of oil over $US70/barrel. The guys who predicted $100/barrel not long ago must be feeling pleased with themselves.
As for the Australian political news, it’s startling, but I’ll wait until I’m better-informed before I say anything about it. Feel free to jump in with your own interpretations.