Back To Work

The day of reckoning is here. Sonnet out the door to work at 8AM while I bike to my office shortly later, newspapers in hand, kids sound asleep.  Unlike yester-year, sans email, I am never that far behind so the catch-up not too bad - mostly it is getting used to, well, talking to people again.  That and reading the Financial Times.

Meanwhile the French celebrate summer's end by disbanding government. Prime Minister Manuel Valls says the new cabinet will be "consistent with the direction [the president] has set for the country." Consistency ? The country lurched from cook-the-rich in 2012 to a pro business in 2013 yet growth is flat and public spending now 56% GDP.

In the 1970s President Valery Giscard d'Estaing's tough love in reaction to the oil shocks rejected for Mitterrand's dreams of socialism and expansion. The chickens are coming home to roost.