I have been completely sucked into the Sarbanes-Oxley nightmare. Argggggh! It is the most useless piece of regulatory nonsense ever enacted in the history of mankind. I have no time for anything else this week ....

On the way to a client office in New York this morning, the taxi got stuck in a huge throng of people very near Times Square. The cops had stopped everything on the road. There were all sorts of people - cops TV cameramen, onlookers wielding cameras, girls waving banners .... It was some sort of a NASCAR car rally about to begin. A number of interesting looking sports cars that you get to see only in TV eventually drove by on our next lane. The cab driver was hopping up and down with excitement. He seemed to know the name of every race driver on the rally. Most of them looked rather young.

I felt quite ignorant. I also had a sneaking suspicion that it was not by accident that we had managed to land right in the middle of a rally.