ONE disadvantage of being 60 is that you have to get up in the middle of the night, often more than once. But a big advantage of advancing age is that you get to recognize news media silliness when it happens.
This comes to mind in terms of the economic relationship between the United States and China. Partly because a company affiliated with the Chinese government has made a bid to buy Unocal, a large American oil company, there is a lot of talk in the news media about how powerful China has become and how weak and pitiful the United States has become. There is talk of Chinese dominance over the world economy, and, from what I can gather, a general fear that soon we will be in peonage to the Chinese.