Now the legislature wants to waste $100 million for a Barack Obama Library.
In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing".
If the separatists are acting on their own, then unless Russia or someone else can convince the separatists to lay down their arms, the accord will break down.
The biggest things Spain needs to do are cut public spending and public employment, and lower taxes. Instead, it is raising taxes on those with real jobs.
Yesterday, the government of Ukraine moved with force against the separatists, evoking a Specter of Civil War.
There is no sign of tension easing in the Ukraine today. Russia promises to protect the protesters from violence as the Separatists Defy Ukraine Deadline.
In response to the violence and threats of further violence Russia Seeks UN Meeting
Expect Putin to quickly change his mind about shutting the pipeline if Ukraine does indeed refuse to pay. He will have a legitimate reason.
Bridgewater Associates did an analysis of pension funds recently and concluded 85% of them will fail if returns average 4%. Bridgewater notes that public pensions have just $3 trillion in assets to invest to cover future retirement payments of $10 trillion over the next many decades.
The Los Angeles 2020 Commission studied amongst other things the sorry state of LA's pension mess. In a case of can-kicking extraordinaire, its recommendation was to appoint another commission to further study the problem.
One by one the bears and the rational thinkers throw in the towel. Economist Robert Shiller is the latest to drink the Kool-Aid.
Today, another fistfight between pro-Russia separatists and loyalists broke out in parliament. On Sunday Pro-Russian protesters seized state buildings in three east Ukrainian cities. The Ukrainian government says separatists rigged a building in Luhansk with explosives, a claim the separatists deny.
Further compounding president Francois Hollande's problem with the European Commission Rejection of France's Proposal for Deficit Target Leniency, the socialists are in open revolt against new Prime Minister Manuel Valls.
It will be amusing to see what sleight of hand magic Hollande proposes in its next budget proposal to Brussels.
Is there any central bank governor anywhere that can spot speculative bubbles before they burst? Apparently not.
Thanks to Fed printing presses coupled with an extreme case of irrational exuberance, those over 40 years old have recovered losses from the great financial collapse. However, Millennials Remain Mired in Wealth Gap, as Others Recover...
It's a mixed bag in Asia, but all things considered an overall weak one. Let's take a look at the data to see what bulls and bears have to cheer about.
The bloom is about to come off the High Frequency Trading bloom, but only after billions and billions of dollars were skimmed off trades.
France's overall tax burden is 46% among the highest in Europe, and yet debt is still 93.5% of GDP. France is collecting money, but what is it doing with it? The answer of course is wasting it on socialist dreams.
In the wake of a 60-Minutes report on High Frequency Trading, numerous people have sent dozens of links. Is it criminal, or a consequence of free markets?
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 17th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom