-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 Letter to Felice (November 1, 1912)

by Franz Kafka


My life consists, and basically always has consisted, of attempts at
writing, mostly unsuccessful. But when I didn't write, I was at once
flat on the floor, fit for the dustbin. My energies have always been
pitifully weak; even though I don't quite realize it, it soon became
evident that I had to spare myself on all sides, renounce a little
everywhere, in order to retain just enough strength for what seemed to
me my main purpose. When I didn't do so (oh God, even on a holiday such
as this, when I am acting as duty officer, there is no peace, just
visitor after visitor, like a little hell let loose) but tried to reach
beyond my strength, I was automatically forced back, wounded, humbled,
forever weakened; yet this very fact which made me temporarily unhappy
is precisely what gave me confidence in the long run, and I began to
think that somewhere, however difficult to find, there must be a lucky
star under which it would be possible to go on living. I once drew up a
detailed list of the things I have sacrificed to writing, as well as the
things that were taken from me for the sake of writing, or rather whose
loss was only made bearable by this explanation.
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Russian Follies

Another Tough-Talking Russian Temp

Today's fill-in from Rent-a-Prime-Minister calls for "calm and order".

VLADIMIR PUTIN, the man named by President Yeltsin as his preferred
successor, made a grim appeal for more discipline yesterday as he was
confirmed as Russia's new prime minister.
His speech during the parliamentary debate on his approval was tough on
law and order, but revealed little about the dour former KGB spy who is
being promoted by the Kremlin as the next president. State Duma deputies
voted by a margin of 233 to 84 to confirm him as prime minister - a post
that would wield considerable power were it not for Mr Yeltsin's habit
of sacking those who hold it.

Mr Putin, Russia's fifth head of government in 17 months, said: "No
tasks can be completed without introducing elementary discipline in the
country." He also called for "calm and order" and inveighed against the
shadow economy. He asked to be judged by results, saying that only his
government's achievements would grant him "the moral right to lay claim
to the post of president".

Duma debates on new premiers used to be showdowns between the president
and the communist-dominated parliament. But there have been so many
recently that the ritual has become surreal and the opposition no longer
puts up a fight.

Mr Putin, 46, succeeds Sergei Stepashin, whom Mr Yeltsin sacked a week
ago after only 82 days in office, without explaining what he had done
wrong. The new premier, who has a reputation as a shrewd bureaucrat, is
seen as a tougher defender of Kremlin interests in the run-up to
parliamentary and presidential elections.

His appointment is widely regarded as a mark of the Kremlin's panic
about the succession and as evidence of the fears of Mr Yeltsin's
closest associates that they could face criminal investigation when he
retires. Turning Mr Putin into a realistic candidate for president will
be a major challenge, as his charisma-free performance in the Duma
yesterday made only too obvious. For much of the session, he sat in the
government box, unsmiling and alone. As deputies voted, he looked close
to tears.

Kremlin strategists have been trying to market Mr Putin as a latter-day
Yuri Andropov, the late Soviet leader and KGB chief who masterminded a
campaign for more discipline during a brief spell as Soviet leader.
However, voters choosing a new president next year may prefer Yevgeny
Primakov, another former intelligence chief and prime minister.

Mr Primakov, 69, has called a press conference for today at which he is
expected to announce his intention to lead a Centrist alliance in
December's parliamentary elections. The spectacle of Mr Primakov teaming
up with Yuri Luzhkov, the ambitious mayor of Moscow, in an electoral
bloc will strike fear into the hearts of some Yeltsin aides. One
well-informed Kremlin-watcher said: "The Kremlin hates Luzhkov - but it
is afraid of Primakov."

While outwardly loyal to Mr Yeltsin, Mr Primakov is thought to be bitter
about his dismissal as premier in May, and is too close to the
Communists for the Kremlin's liking. A decision to stand for parliament
would be a strong hint that he is also considering a run for president.

The London Telegraph, August 17, 1999


Wool Market

Global Slump in Wool Continues

Another basic commodity in oversupply


Global wool production in 1998-99 fell to its lowest level for 40 years
and is forecast to slide further over the next two years.


This is a result of falling demand for wool, high world stocks and poor
profitability because of low wool prices, according to The Woolmark
Company, the promotional body funded by Australia's sheep farmers.


After falling to 1,376m kilogrammes (clean) in 1998-99, the Woolmark
Company expects a further 2 per cent decline in 1999-2000 and another
slight fall in wool production in 2000-2001.


But this should be the bottom of the production slump because of modest
improvements in global raw wool demand and prices, said The Woolmark
Company in its study World Wool Supply to 2005.


The global raw wool stock overhang, especially Australia's 122m kg
official stockpile - the legacy of attempted price control during the
1980s by sheep farmers - is forecast to be reduced by the end of
2002-2003, according to The Woolmark Company.


Even so, recovery in the wool industry is forecast to be modest, with
global wool production in 2004-2005 to be just 2 per cent higher than in
1998-99 and real wool prices, as measured by the Eastern Market
Indicator price, to edge marginally higher as the global stock overhang
is run down.


Australia and the countries of the former Soviet Union are expected to
experience the sharpest production declines in the next two years.


Wool production in Australia is already at a 17-year low of 444m kg
clean. Australia, however, remains the largest wool producing country in
the world, accounting for 32 per cent of global wool production.


Australian wool production is expected to continue to fall to 422m kg in
2000-2001 with sheep numbers down to 112m, their lowest since 1950.


At the moment there are early signs of recovery in the wool market, says
Chris Wilcox, manager of information and trade policy at The Woolmark
Company.


"There is clearly a recovery under way in Asia. In Japan, South Korea
and Thailand, activity at the combing level is estimated to be 20 per
cent higher for the September quarter year-on-year and raw wool, yarn
and fabric stocks are well under control," he said.


And in the US over the past five years there has been a 50 per cent
increase in final wool consumption, said Mr Wilcox.


In western Europe however, wool stocks remain above normal levels and
activity levels in the September quarter appear to be down again by
about 18 per cent year-on-year, said Mr Wilcox.


Others are not so confident. "The wool market hasn't a lot of upside
over the next 1-2 years," said Bob Richardson, former chief executive of
Wool International, now WoolStock Australia, the body charged with
liquidating Australia's official wool stockpile.


The commodities that have rallied so far are those that have had
production slashed; such as crude oil, nickel and copper. But wool
production, while seemingly down in Australia by more than 40 per cent
since 1989-90, is down from levels that were artificially buoyed by
massive price support.


Long-term production trend growth would put current Australian wool
supply at about 750m kg greasy. With potential stock liquidation, that
is cur-rently about where Australian supply stands, said Mr Richardson.


And on the demand side, wool continues to face structural changes. The
move away from formal woollen suits and slacks towards more casual
non-wool clothing continues in western Europe and Japan.


"I don't see wool regaining those markets," said Mr Richardson.


Price is telling this story. The Australian dollar wool price almost
halved from June 1997 (when Asia began to unwind) to October last year.


In US dollars it fell to just $3/kg (A$4.65/kg), its lowest nominal
price for 25 years. Since then it has recovered, but just. It is
currently trading (measured by Eastern Market Indicator price) at about
A$5.50/kg.

The Financial Times, August 17, 1999
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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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