-Caveat Lector-

from:
http://www.aci.net/kalliste/
<A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A>
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Today's Lesson From A Modern Myth of Things Seen in the Sky

by Carl Jung


As we know from ancient Egyptian history, there are symptoms of psychic
changes that always appear at the end of one Platonic month and at the
beginning of another. They are, it seems, changes in the constellation
of psychic dominants, of the archetypes, or "gods" as they used to be
called, which bring about, or accompany, long-lasting transformations of
the collective psyche. This transformation started within the historical
tradition and left traces behind it, first in the transition from the
age to Taurus to that of Ares, and then from Ares to Pisces, whose
beginning coincides with the rise of Christianity. We are now nearing
that great change which may be expected when the spring-point enters
Aquarius. . . .

. . . a story that is told all over the world, but differs from an
ordinary rumour in that it is expressed in the form of visions, or
perhaps owed its existence to them in the first place and is now kept
alive by them. I would call this comparatively rare variation a
visionary rumour. It is closely akin to the collective visions of, say,
the crusaders during the siege of Jerusalem, the troops at Mons in the
first World War, the faithful followers of the Pope at Fatima, Portugal,
etc. . . .

The first requisite for a visionary rumour, as distinct from an ordinary
rumour, for whose dissemination nothing more is needed than popular
curiosity and sensation-mongering, is always an unusual emotion. Its
intensification into a vision and delusion of the senses, however,
springs from a stronger excitation and therefore from a deeper source.
=====

Fin-de-siecle

I Mean, Totally

Outbursts of lunacy around the world

AUTOROUTE DE NORMANDIE, France - Precisely one earth's turn before the
moon's shadow darkens this patch of ground, the first waves of
coastbound eclipse-bound traffic came to a full stop Tuesday in the
Normandy countryside near milepost 66.
For a long while, three ribbons of vehicles nudged forward barely at
all: an accident far ahead. After 10 minutes, forward movement became
intermittent.

Suddenly out of one sorry-looking old Citroen AX jumped the driver, a
wild-eyed young man in shorts and boots. He ran around the back and
began pushing the little car with its cargo of two friends squeezed
among sleeping bags, tarps, slickers and coolers for a night of waiting.


The man panted, he grunted, he pushed the car down the highway as his
friends mercilessly laughed inside. A driver in the other lane finally
called out to offer help. The breathless man stopped pushing, threw up
his hands.

''It's a joke! It's a joke! This is not a breakdown,'' he shouted, then
jumped back behind the wheel of his car, stage-weeping into his hands,
and let his girlfriend steer.

Merry pranksters are breaking out all over as the last solar eclipse of
the millennium prepares to march across the skies, still forecast to be
cloudy during the midday eclipse in this part of the world.

What the man on the autoroute said could be said of the eclipse itself:
It's a false emergency, only a cosmic joke implying no real breakdown in
the heavens.

Its mockery of heavenly clockwork and earthly predictability gives it
its appeal, and encourages antic behavior like the car-pusher's. A solar
eclipse is a kind of one-off Halloween, a wild if very short night on
the town.

There's almost no creature on earth that doesn't know what nighttime is
like. But one well-advertised ripple in the schedule sends everyone into
paroxysms of anxiety and exhilaration and brutalizing traffic.

Selected manifestations from a waiting world:

-

In the forest of Candor, in France's belt of maximum darkness, 20 people
(including an astrophysicist) are spending the night in a tent 18 meters
(60 feet) high in a tree - for a better view and a closer look at how
feathered tree-dwellers experience the eclipse.

-

In Britain, a workshop that employees mentally handicapped people is
working overtime to produce expensive, custom-made protective glasses
for dogs who might not know about the extreme hazards to eyesight from
directly viewing the eclipse.

The glasses are paw-proof. ''The dogs don't always understand what's
good for them,'' the project coordinator, Alison James-Hart, told Agence
France-Presse.

-

The Dalai Lama, perhaps pulling a leg, recommended at a Geneva news
conference that eclipse watchers pay close attention not to their eyes
but to their nostrils. He explained that once he had felt his breathing
change during the night, and later learned a lunar eclipse had happened.
''So let us try to experiment,'' the spiritual leader said, by keeping
the mouth closed and senses attuned to the nostrils.

-

Apocalyptic visions of the eclipse ended in tragedy in Cali, Colombia,
when a man decided to kill his wife, and then himself, rather than face
the end of the world Wednesday. No part of the eclipse will be visible
in Colombia.

-

In Naples, hundreds of people flocked to buy lottery tickets using the
numbers one, six and 71. According to centuries-old codes of numerology,
one stands for the sun, six for the moon and 71 for the earth. Eight
represents darkening and 27 means eclipse.

-

Communists in Bulgaria are planning a march during the eclipse because
they believe the phenomenon heralds the collapse of capitalism.

''The world will be covered with darkness and then the sun will rise
again - to bring back to life the idea of communism, the most human
system,'' the Bulgarian Communist Party leader, Vladimir Spasov, told
Reuters.

-

In Germany, the concerns aren't about what's in the sky, but what's on
the road. Across this car-obsessed country, debates have been raging
about whether to turn streetlights on during the eclipse to avoid
possible accidents and insurance liability - or turn them off so
observers can see the full effect of day turning into night.

In cities across Germany many officials say they plan to turn all the
traffic lights to red so no one can drive, The Associated Press
reported.

-

Tens of millions of cardboard glasses need not go to waste. The charity
Glasses for Africa and other humanitarian groups are collecting them for
distribution to Africans, who will witness the first solar eclipse of
the new millennium in Madagascar, Mozambique and Angola on June 21,
2001.

International Herald Tribune, August 11, 1999


Japanese Economy

Japanese Bank Lending Continues to Contract

A depression without end


Japanese bank lending has recorded its largest decline ever, indicating
that demand for funds from Japanese corporations remains weak in spite
of government efforts to boost the economy.


Outstanding loans by Japanese banks fell 6.1 per cent year-on-year in
July, according to figures released by the Bank of Japan. It was the
19th consecutive month of declining bank lending, highlighting the still
fragile state of Japan's economy.


The fall in bank lending comes in spite of the government's decision
earlier this year to inject public funds into banks in part to prevent a
credit crunch from stifling the Japanese economy.


"Business investment continues to collapse," said Robert Feldman, chief
economist at Morgan Stanley in Tokyo. While there had been recent signs
of improvement in the Japanese economy, Japanese corporations, which
were stepping up their restructuring measures, were refraining from new
investment, he said.


Until Japanese corporations eliminated excess capacity, business demand
for funds was unlikely to return sufficiently in order to bring about a
self-sustaining recovery. That would be "a very long and difficult
process," he said.


A Bank of Japan official said Japanese banks might have become more
sensitive to credit risk but weak demand for funds on the capital
markets indicated the lending fall was more likely to have been caused
by weak corporate demand for funds.


Other data released yesterday showed that manufacturers expect private
sector machinery orders to rise 4 per cent in the third quarter compared
with the April to June period, when machinery orders registered a 6.9
per cent decline.


The figures, in a survey by the Economic Planning Agency (EPA), helped
sustain the benchmark Nikkei 225, which closed yesterday up 11.6 points
at 17,202.09. But the EPA emphasised that the overall trend was
negative.


"Despite the June figure and the July-September forecast, core machinery
orders are basically still on a declining trend. Manufacturers still
have excess capacity and that blocks capital spending," an EPA official
said.


Analysts said the numbers reflected an uneven recovery limited to
certain sectors. "The forecast seems to be computer-related," said Brain
Rose, economist at Warburg Dillon Read, noting that demand for
information technology and communications products had bottomed out in
recent months. "Machinery orders are still very weak."


The Financial Times, August 11, 1999


Aluminium Market

Three Firms Merge to Create Rival to Alcoa

Can Canada's Alcan, France's Pechiney, and Switzerland's Algroup work
together?


Alcan Aluminium of Canada, Pechiney of France and Algroup of Switzerland
will today announce a three-way intercontinental merger creating an
aluminium company to rival Alcoa, the world's biggest producer.


If it goes ahead, the merger would advance consolidation in an industry
that has long suffered from overcapacity and low prices. Last year Alcoa
acquired Alumax, another large US group, and Algroup attempted
unsuccessfully to merge its Alusuisse aluminium interests with Viag of
Germany.


The merger would be accomplished through agreed all-share offers by
Alcan for Pechiney and Algroup. The deal would give Alcan shareholders
44 per cent of the new company, with 29 per cent for Pechiney and 27 per
cent for Algroup.


The merged group - to be known temporarily as Alcan-Pechiney-Algroup
(APA) - will be headed by Jacques Bougie, Alcan chief executive, with
Pechiney chief executive Jean-Pierre Rodier as chief operating officer.


The partners will tell a London press conference that the group will
have its primary stock exchange listing in New York, with subsidiary
listings in Canada, France, Switzerland and possibly London.


The group's headquarters will be in Montreal, with a regional
headquarters in Europe, and it will use Canadian accounting standards.
However, it will report in US dollars, and Mr Bougie's office will be in
New York.


The merged group would have a market capitalisation of E18.2bn ($19.5bn)
based on last night's closing prices - compared with Alcoa's E22.2bn.


APA's notional market capitalisation also includes the speciality
chemicals operations of Algroup, thought to be worth E1.5bn to E2bn,
which will be spun off tax free to shareholders.


Analysts said APA would have aluminium smelting capacity of about 3.2m
tonnes a year after taking account of plant that is idle or under
construction, compared with 3.1m tonnes for Alcoa.


Alcan and Algroup are understood to have entered a definitive two-way
agreement. The three-way deal is contingent on approval by Pechiney's
board, which was meeting last night, and its workers' council.


The merged group would need regulatory approval in Canada, Switzerland,
France and the European Union, and possibly also in the US. The partners
met European Commission officials last week, and some indications of
likely approval are thought to have been given.


The companies will say they are not planning to close capacity, but
about 5 per cent of their total workforce of about 95,000 will lose
their jobs as part of a cost-saving programme expected to generate
$600m.


The partners had combined sales and operating revenues of $21.6bn in
1998, of which about $17.4bn was accounted for by aluminium sales.

The Financial Times, August 11, 1999
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
Omnia Bona Bonis,
All My Relations.
Adieu, Adios, Aloha.
Amen.
Roads End
Kris

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