Category: Politics

  Is the Euro bubble about to burst ?

“With the world’s third largest debt after the US and Japan at €1.9 trillion (£1.18 trillion), it is big
enough to bring the global financial system to its knees. It is also in the front line of contagion as the Greek crisis metastasizes.
    Yields on 10-year Italian debt jumped 16 points to 5.86pc on Tuesday after Italy’s data agency
said the country is sliding even into deeper recession, with GDP shrinking 0.8pc in the first quarter.”


I’m not surprised , are you ?

” The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, found that public sector administration employees are responsible for more than 10
percent of fraud cases, ranking behind only financial professionals.       In 141 cases examined, the group found that a crooked employee costs taxpayers a median loss of $100,000. ”


  ” Judicial nominations ordinarily are nearly invisible as a campaign issue, yet they are among the most consequential and enduring decisions a president makes. For three reasons,the power to control those nominations is more important now than ever.
  First, federal judges are invested with lifetime tenure, the value of which has increased along with life expectancy. Ronald Reagan was last
elected nearly seven presidential terms ago —yet two of his appointees, Anthony Kennedy and
Antonin Scalia, still serve on the Court. ”



We could do a lot worse , think  Dole , Bush I , McCain .