Hard hitting global and local news
IMF chief Christine Lagarde Under Formal Investigation in French fraud case.
Original post: Ukraine Seeks Ceasefire Following ‘Very Tough and Complex" Talks With Putin
More: Jane’s Defense vs. Colonel Cassad: Someone Seriously Wrong
Condensed, emphasis is mine. The Fighting in the Coastal Area Even recently, it might have seemed laughable, but today the fighting has begun in the area of Novoazovsk, where a powerful anti-aircraft defense node and a hodgepodge of different units of questionable combat capability have been stationed since April to cover the border with Russia
The Financial Times reports Insurrection Forces François Hollande to Act . François Hollande, a politician renowned for his caution, acted with uncharacteristic speed on Monday to shake up his Socialist government after a weekend of provocative insurrection by Arnaud Montebourg, his most voluble leftwing minister. The Elysée Palace denied French media reports that Manuel Valls, the uncompromising prime minister appointed only five months ago, had delivered a “him or me†ultimatum to the president, forcing Mr Hollande’s hand
Follow this link: Spain Dips 37% Into Social Security "Piggy Bank", Fund Depletion in 4 Years at Current Rate; What,…
Read the article: Japan PMI "Strongest Since March": Does That Mean "Strong"?
With that backdrop it will be easier to understand today’s Bloomberg report Argentina’s Bonds Decline on Plan to Offer Local-Law Swap . Argentina’s bonds sank to a two-month low after the government said it plans to pay foreign-currency notes locally to sidestep a U.S. court ruling that blocked payments and caused its second default in 13 years.
The laugh of the day is Mitt Romeny Claims Obama Worse Than Even I Expected . It’s easy enough to cite failures of Obama