It is art that makes life, makes interest, makes importance and I know of no substitute whatever for the force and beauty of its process.
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to resc