"(Tom Oatley, who writes on foreign ownership of US government debt) focuses on 'moral suasion,' but there's also a national-interest motive for many U.S. debtholders. Most of the official holders of U.S. debt have a strong incentive for a) the value of their holdings not to plummet; and b) the United States economy to continue to snap up other their exports. If China, for example, is buying up U.S. debt to sustain its own growth, then neither a technical default nor a ratings downgrade should deter China or other export engines from continuing to buy U.S. debt even if there's a spot of trouble. So it appears that complex interdependence will force America's rivals to continue to hold U.S. debt even after the debtpocalypse!! The United States in the clear, right? Not so fast. Here are five 'known unknowns' I can think of that might complicate Oatley's analysis .." (ForeignPolicy)
"Turning 35 I was amazed that I still felt like a kid, an adolescent, Maybe fourteen. All those years leading up to that number I which I had always thought of as 'old' -- as in mature, settled. I didn’t bother me to realize that it wasn’t true. Feeling like a kid gave me license that I would use. A couple years later I decided that my life could only work for me if I were a writer. I had been in business at the time, and fairly prosperous. Ironically it was that prosperity which motivated me to move on. I sold my business (in Connecticut), got rid of most of my belongings except my typewriter and my books, and with a dog and five cats, and I moved to Los Angeles to start a new life. Which thirty-odd years later is this life." (NYSocialDiary)
"(Lucian Freud) fathered many children and was beastly to most of them, but that is not my point. His various ugly women and children are not my concern. His art is. It’s ugly and it’s bad, as he used much too much paint to cover his lack of talent—although, unlike most of his contemporaries, Freud knew how to draw. The hucksters who control the art world pushed his ghastly works to unheard-of amounts, and the hacks who write about the art world decided he was England’s greatest living painter. Well, no more. The grotesque person whose name was Lucian Freud has done us the favor and left this world, although he left it much too late—88 years too late, to be exact." (Taki)
"Denise (Richards) said that night before she was on Howard (Stern's) show was the craziest night of her life. She said that she had never seen anything like that. Denise said she went out to dinner with Charlie (Sheen) and some friends and they had a great day that day. She said that she heard that some of his friends would meet with them later. He had a private room and there were 4 guys and 4 women. She didn't know any of them. Denise said that she sat down and this woman Capri asked to take a picture with her. She said sure to her because she didn't know who she was at the time. She said she had no idea what was going on. Howard said that Charlie was going nuts spending money and spending like $25,000 on a bottle of champagne. She said they were like $6,000 a bottle. She laughed and said 'Just six...''" (Marksfriggin)
"The jet set has crash-landed on the Riviera to party the summer away at lavish bashes complete with caged tigers and crates of Cristal. Wealthy Frenchman Thomas Leclercq threw a party in St. Tropez Saturday for more than 500, with two tigers that were supposed to roam freely through the crowd. But 'The tigers were very agitated and looked like they may eat some of the polished guests, so were kept in their cages,' a source said. Partygoers purring at the big cats included society queen Denise Rich, Ivana Trump and investor Nicolas Berggruen. The biggest spender, Brazilian businessman Wilson Borges, splashed out more than a million euros over three nights at Club VIP on bottles including 1990 Cristal Methuselah, the world's most expensive Champagne. Newly married Miami Heat star Chris Bosh and wife Adrienne stopped on nightlife impresario Noah Tepperberg's yacht. New York socialite Dori Cooperman threw her 40th birthday party at a mansion Monday with pals Alex von Furstenberg, producer Lawrence Bender, Elizabeth Hurley's ex Arun Nayar, and Jason Pomeranc. She then moved onto Barry Diller's yacht, Eos, with von Furstenberg and fiancée Ali Kay." (PageSix)
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