Keep the Blackberry Charged for August Vacation: Matthew Lynn Put your feet up. We're in the dog days of August. And even in turbulent times, we can be sure of one thing: Nothing of any importance happens during this month.

Russian Assault in Georgia Threatens New Cold War: Matthew Lynn After sending tanks, troops and warplanes into Georgia last week, Russian President Dmitry Medvedev yesterday ordered a halt to the ground offensive.

Business Moguls at Orgies Deserve Their Privacy: Matthew Lynn Max Mosley makes an unlikely standard bearer of individual rights. The head of Formula One car racing's ruling body is probably better known as the son of Oswald Mosley, who led the British Union of Fascists in the 1930s.

Oil Price at $90 Is Enough to Save Global Economy: Matthew Lynn There is nothing harder to distinguish than a bull market pause and a turning point. It is only in hindsight that you can tell one from the other.

Obama's Plans Must Be Louder Than Europe's Cheers: Matthew Lynn The Brandenburg Gate would have been the perfect backdrop for Barack Obama to give his first major speech on trans-Atlantic relations tomorrow.

Britain Is in No Shape to Cope With a Recession: Matthew Lynn There is no longer much dispute that the U.K. is heading for a recession later this year. The economic news gets gloomier by the day, and with prices still rising fast, there is little prospect of the Bank of England heading off the coming storm with reductions in interest rates.

Trade Embargoes for Zimbabwe Won't Fix Anything: Matthew Lynn Everyone is shocked by the chaos that has befallen Zimbabwe. President Robert Mugabe has brutally suppressed opposition to his regime, overturning an election in which he was clearly defeated. Once a prosperous African country, it has been reduced to bankruptcy.

Buyouts for Banks, Avoid Property, Lunch With Buffett: Timshel As the credit crunch unfolds, banks appear to accept that they need to change the way they do business. They should fix pay structures so that employees take a long-term interest in the company. They need closer relationships with clients. And the horizons on which they operate have to be a lot longer than the end of next week.

Lloyds and Dresdner, Wigley's Task, Ronaldo's Bubble: Timshel We all know that business, much like warfare, favors the brave. Still, there must be a point where valor morphs into stupidity. Many investors will have suspected that point had been reached on the news that Britain's Lloyds TSB Group Plc may buy Germany's Dresdner Bank AG.

King, Darling, Brown Can Hang Together Separately: Matthew Lynn ``Dear Chancellor, there is an old saying that you can hang together, or hang separately. Although central bankers usually set great store by traditional wisdom, in the present circumstances I think it preferable that we hang separately. Yours sincerely, Mervyn King.''