Embracing the real

Inflation in Brazil reached an astonishing 2,000 percent in 1993.  Prices for everything were increasing overnight, literally.  It’s a phenomenon known as hyperinflation.  Paychecks were immediately cashed and spent, since they would be worth significantly less the next day.  Planning for the future was impossible.

Sofa

Sofa

Word this week from Rio de Janeiro was that an Olympic kayaker capsized in Guanabara Bay, the venue for open-water events at this year’s Games.  He supposedly hit a submerged sofa.  Not an alligator.  Not a tree root.  A sofa.