The Age of Memory

Historians of an early generation liked to contrast the Age of Faith with the Age of Reason, and despite the many flaws in these categories they do have their point. Now the Enlightenment belief in the omnipotence of human reason is straining to the breaking point as three hundred years of industrial expansion begin to unravel in the wake of peak oil. Is the Age of Reason ending, and if so, what comes next?

The shape of the recovery

An article on the Bloomberg website today suggests that Asia will have a “V-shape” recovery from the current economic crisis, rebounding in 2010. This is opposed to a “U-shape” recovery, which would presumably take a little longer. May I suggest another alphabetic possibility? What if the “recovery,” not just in Asia, but globally, is shaped more like a big capital L?