You Can't Beat "News" for Compelling "Information"

[myturn@xxxxxxxx (John Gelles)]

	Waiting for capital to take a hit -- if only a small
	one compared to the fate of labor these last two
	decades -- has taken our minds off all theory
	about if or when it might happen.  It seemed for
	an hour or so it might be happening now.  The
	news became important.  It became information
	at last. Something that might confirm or deny
	our picture of reality.

	It may have been silly to wish for anything that
	fast.  The system is prepared to stop critical
	financial losses and even prolonged ones of the
	type that might bring on right wing reaction.

	That is why many fear inflation most of all.  We
	don't know how to stop it -- without considerably
	greater political risk.

	     John Gelles