Category Archives: Foreign
Ships in the Night
The UN condemned Israel for it’s raid on the blockade running “Peace Flotilla”, sponsored in part in Turkey. Netanyahu remained defiant, claiming the craft was not the “Loveboat”. Krauthammer thinks the blockade is more than justified. Peter Beinart says it must go. Beinart’s old boss at the New Republic, Marty Peretz, had the bad manners to bring up the Armenian Genocide.
Presidents Without Borders
Obama pronounced us not defined by our borders and promptly joined Mexican President Felipe Calderon in trashing Arizona for its immigration law. Senator Arlen Specter, now spurned by both democrats and republicans, doesn’t find himself bound by much of anything. At the end of Clinton’s impeachment trial in 1999, Specter relied on Scottish Law to vote “not proved”
E.U. Time to Shine
Yesterday Germany outlawed naked shortselling. I looked it up, it has nothing to do with day trading at home in your underwear. In most short selling you have to borrow the security you are shorting and then return it at the hoped for lower price. With a naked short you don’t even borrow the the security. The euro responded to the new rule by falling to a 4 year low. The E.U. is on the hook for a trillion dollar bailout and Paul Volker says a breakup is possible.
E.U. Chain of Custody
Greek Bail Out
Unfortunately, the real Greek Chorus, public union workers in the streets of Athens, sang a different tune – Burn Down The Banks! To that end they sacrificed 3 lives. A small price to pay to preserve a way of life that includes a 2 month pay bonus every year and a full salary pension pension at 60. Go here for more Greek geek from David Ignatius.
