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0707 - Waniand

Our ever-informative Forgotten English Calendar provides the title for today. To be "In the waniand" is to be in the time of the waning moon, which is unlucky. We are sorry to inform Readers that the U.S. Administration as well as the U.S. financial markets are clearly in the waniand. A copy of that fine English magazine The Economist arrived yesterday, and once again every page castigated the Administration for incompetence and stubbornness. That's not unusual (it's what Time and Newsweek say a lot), but it was, well, cast in surprisingly blunt and insulting terms. The pitiable U.S. Attorney General gave pitifully unconvincing testimony to the Senate and was called a perjurer – and if he isn't he gave a good imitation. Then, the generals in Iraq started talking about a two, four, or eight year residency in Iraq, which didn't go over well. And to top it off, the stock markets took fright at the rather, well, sloppy mortgage lending practices, several hedge funds collapsed (one cost the Harvard endowment over $300 million – Harvard!), and a mortgage bank went down. We have summoned our expert Staff to assist uneasy Readers.

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