I took a vacation with the wife (sans Blackberry and everything!), expecting the news to be slow like every August, except for the Olympics. But what happens? As Jon Stewart so aptly put it: a news-plosion! Russia and Georgia go to war over South Ossetia; Russia seizes both South Ossetia and Abkhazia, and occupies Gori and Poti; the U.S. and Russia engage in a little Cold War-style brinksmanship; inflation hits a 17-year high; the Treasury Department hires Morgan Stanley to advise it on the Fannie and Freddie bailout; and oh yeah, the Beijing Olympics has been sensational. As a news junkie of the highest order, spending last week in News Purgatory was awful. I had to get all my news through—gasp!—cable TV. And our resort didn't even have Bloomberg TV! It was excruciating. Great vacation, terrible timing. Thank god I'm back.