Hard hitting global and local news
Even diehard supporter of the eurozone now see it cannot work. For example, please see Eurointelligence Founder Wolfgang Münchau, Once a Staunch Euro Supporter, Now Welcomes the Anti-Euro Party "Alternative for Germany"
Tweet Many Americans are bewildered by the mixed reception that Baroness Thatcher’s death has received in the United Kingdom. Having lived in England for a year or so during her time as Prime Minister, Eli will refrain from commenting on her political career, but there was something he wrote over at the Curry Shack that is worth repeating .  Curry posted remarks from Michael Kelly of the Oxburgh panel During Mrs Thatcher’s period as Prime Minister, UK science was squeezed hard, and I would argue came out of it better, leaner and fitter. Like dieting, it is not a healthy permanent state, but its absence is definitely unhealthy. In times of plenty, one ‘lets a thousand flowers bloom’ and in tough times, one redoubles the effort to exploit the stock of recently acquired new knowledge, rather than generate more new knowledge and leave it unexploited.
See the article here: Eurointelligence Founder Wolfgang Münchau, Once a Staunch Euro Supporter, Now Welcomes the Anti-Euro Party "Alternative for…
UPDATES GALORE BELOW 🙂 Eli has lost his jump, and pretty much ain’t got much these days (wait until tomorrow) but there are a couple of things the bunnies might be amused by First, a number of FAQ like objects about Marcott et al., nothing really new but short summaries to send to your uncle rabetts who always send you stuff from Chris Monckton or Rush Limbaugh (btw, Chris seems to be waking up to the fact that his grift is not paying well anymore ).
With a rare exception or two, I’ve been blissfully ignoring Roger Pielke Jr’s recent stuff for the last year or so as he slid into irrelevance. As long as I didn’t read his stuff, I could keep open the possibility that he was doing something useful.
In another interview from the Wine Country Conference, Chris Martenson says S&P 500 May Fall More Than 40% By Fall . Even though the S&P 500 and Dow Jones Industrial Average are hovering at all-time highs, Chris Martenson, author of PeakProsperity.com and the “Crash Course” Series, is forecasting a major market correction
Whether out of complete stupidity or pressure from the IMF or Brussels (I suspect all three) Cyprus to sell around 400 mln euros worth of gold to partially fund its bailout. Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.
Slovenia Rules Out Bailout; Translation: "Slovenia Bailout Coming Right Up" An official denial is in: Slovenia Rules Out Bailout . Here is my interpretation: "A bailout is already in the works, only the date of the announcement is uncertain".
Yahoo! Finance presents another video interview from the Wine Country Conference. This one is an interview of John Hussman by Lauren Lyster: U.S.
Euro-Skepticism was Thatcher’s Most Relevant Legacy; Had Europe Only Listened Margaret Thatcher, former UK prime minister died on Monday.