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Right Now Officials In Brussels Are Threatening To Cross A Line That Will Set Off Panic Bruce Krasting, My Take On Financial Events Nov. 19, 2011, 10:10 AM Image: flickr/ mariocutroneo There are some folks in America who will wake up this morning and read that Jefferies has been sued for its role in a bond deal with MF Global and they will vote with their feet (Zero hedge Link). They will close their accounts with JEF and move to a safer address. That’s an example of capital flight. There are people all over the globe who have looked at...

Former President Bill Clinton's top political strategists, who had a front-row seat for the Republicans' 1994 electoral successes, said Wednesday that the GOP today is peaking too early and is unlikely to see a repeat performance this November. Pollster Stan Greenberg said a "change election," as political scientists call major shifts in electoral preferences, already happened when Republican Scott Brown's surprise victory for Sen. Edward M. Kennedy's Senate seat, and between then and November, Democrats will have gained back ground. "When we look back on this, we're going to say Massachusetts is when 1994 happened," Mr. Greenberg said.

I'm with David Frum on this from yesterday: But Obama? McCain’s attack on him is the equivalent of the William McKinley campaign attacking William Jennings Bryan for having kept company with Nathan Bedford Forrest decades after the Civil War. Yes, the old rebel was an unrepentant traitor. Mostly though, he was all washed up. Republicans have been fighting this second American civil war for eleven election cycles now. It’s been a good run! But just as 19th-Century Republicans eventually ran out of Union generals from Ohio, so the modern Republican Party has bumped up against the statute of limitations on...

Biden quoted as saying that Israel will have to reconcile itself to a nuclear Iran Democratic vice-presidential candidate Joe Biden was quoted Monday as telling senior Israeli officials behind closed doors that the Jewish state will have to reconcile itself to a nuclear Iran. In the unsourced report, Army Radio also quoted Biden as saying that he opposed "opening a additional military and diplomatic front."

CHATTANOOGA, TENN. -- Mike Huckabee accused Mitt Romney of dirty politicking at a morning rally today, suggesting that Romney is telling voters that a vote for Huckabee is a vote against Romney. On Fox News Channel's "Hannity & Colmes" last Thursday, Romney said: "I think most people recognize that a vote for Mike Huckabee is a vote for John McCain, and if they want John McCain as their nominee, why, that's exactly what that vote would do." Today, Huckabee responded: "I know Mr. Romney has been trying to do a little voter suppression by telling people a vote for me...

WASHINGTON - A defiant Democratic-controlled Senate passed legislation Thursday that would require the start of troop withdrawals from Iraq by Oct. 1, propelling Congress toward a historic veto showdown with President Bush on the war. The 51-46 vote was largely along party lines, and like House passage of the same bill a day earlier, fell far short of the two-thirds margin needed to overturn the president's threatened veto. Neverthe less, the legislation is the first binding challenge on the war that Democrats have managed to send to Bush since they reclaimed control of both houses of Congress in January.

BEIJING - North Korea agreed in principle Thursday to take initial steps toward dismantling its nuclear programs at the start of international talks seeking the first concrete progress on disarming Pyongyang. The main U.S. negotiator said talks resumed on a positive note, and that sides were hoping to achieve an agreement on the first steps for the North's disarmament. "We had a good first day today," Assistant Secretary of State Christopher Hill told reporters. "We hope we can achieve some kind of joint statement here." Unlike the last round of six-nation talks in December, Hill said the countries "were able...

The latest Keystone Poll finds incumbent Republican Congressman Jim Gerlach locked in a tight battle for re-election with challenger Democrat Lois Murphy. The poll of 431-registered voters conducted by the Center for Opinion Research at Franklin & Marshall College finds Gerlach with a 45-to-38 percent edge. When narrowed to likely voters, Gerlach's advantage is down to 44-to-41 percent. Gerlach scored a two point win over Murphy in 2004. Poll respondents list the war in Iraq, the war on terror and healthcare as the top issues. The sixth district covers portions of Berks, Montgomery and Chester counties.

An online petition to keep the Lee High School band playing "Dixie" has garnered more than 1,268 signatures.   The site was put up by Odessan Jason Moore, head of a group called Citizen Watchdogs, which keeps an eye on tax rates and taxpayer issues, two or three weeks ago. He posted it after hearing about concerns voiced by the mother of a former Lee Freshman High School student about the name of the freshman yearbook -- The Confederate. That led to a discussion at the August school board meeting about doing away with "Dixie" as one of the...

TEHRAN, Iran - Iran said Tuesday it was ready for "serious negotiations" on its nuclear program, but a semi-official news agency said the government was unwilling to abandon nuclear enrichment — the key U.S. demand. Top nuclear negotiator Ali Larijani delivered a written response to ambassadors of Britain, China, Russia, France, Germany and Switzerland to a package of incentives aimed at persuading Iran to roll back on its nuclear program. Larijani refused to disclose whether the response included an offer to suspend uranium enrichment, and no details of Iran's response were released. The state-run television quoted Larijani as telling the...

I wouldn't have joined last weekend's demonstration in Tel Aviv against Israel's war in Lebanon, because I think this war was forced on us. If Hizbullah had been allowed to kidnap two IDF soldiers and kill eight others without being made to pay a wholly "disproportionate" price, if the IDF had settled for a tit-for-tat response, then Hizbullah would feel free to attack again anytime, and the security and well-being of northern Israel would be at Hassan Nasrallah's mercy. But if Israel is still fighting in Lebanon after another week, then I'm going to be looking for an antiwar protest...

WASHINGTON, July 7, 2006 – North Korean leader Kim Jong Il has the power to set his country on a more productive course by giving up its nuclear and ballistic missile ambitions, President Bush said today during a news conference at Chicago's Museum of Science and Industry. "There's a choice for him to make," Bush said. "He can verifiably get rid of his weapons programs and stop testing rockets, and there's a way forward to help his people. The choice is his to make." North Korea, officially known as the Democratic People's Republic of Korea, is an isolated, repressive...

Casey Files: Government Debt – Termites in the HouseAs I write, gold has rebounded handsomely over the $600 mark, perhaps putting a stake through the heart of the recent steep correction. Or, perhaps not.After all, it isn’t the fundamentals, per se, that are currently causing gold to spike. It’s largely just the chattering of the trading community based on their reading of the tea leaves revealed in the Fed’s latest press release.In order to make any real sense of where gold should be trading, and will be trading soon enough, you have to look deeper, much deeper, into the...

Hundreds of London Underground drivers could refuse to work if there are more attacks on the rail network, a union official warned on Friday. Bobby Law, spokesman for the Rail, Maritime and Transport union told Sky news: “We have had drivers that had been refusing to work yesterday because they had concerns about their own safety. “Hundreds yesterday were saying they were going to refuse work should a situation arise like it did yesterday.” ...

BATON ROUGE, La. (AP) - A state senator said he plans to try again this year to get lawmakers to give up the free tickets to sporting and cultural events they get from lobbyists - only weeks after a few complained the limit on the amount lobbyists can spend on those tickets was too low. Sen. Jay Dardenne, R-Baton Rouge, said he has drafted and is ready to file a bill for the upcoming regular legislative session to do away with the freebies. He's filed similar legislation in prvious years that has failed, and it's unclear if Dardenne will get...

TEHRAN/WASHINGTON (Reuters) - Iran, in a renewed challenge to U.S. and European efforts to prevent it from acquiring a nuclear bomb, vowed on Wednesday it would never give up its nuclear program. President Mohammad Khatami (news - web sites) also warned of "massive" consequences if it was treated unfairly over its nuclear program which Iran says is for peaceful purposes only and Washington believes is a cover for producing a bomb. "We give our guarantee that we will not produce nuclear weapons because we're against them and do not believe they are a source of power," Khatami told foreign ambassadors...

SACRAMENTO (AP) - Leaders of the Legislature's Democratic majority said Tuesday they are setting aside a long-standing call for tax increases to close the state's $8.6 billion deficit next year and instead will concentrate on closing tax loopholes and chasing more federal support. Calling the new budget plan from Gov. Arnold Schwarzenegger a Republican document, Democrats criticized the administration's plans to close the gap using billions in borrowing and taking heavily from schools and public health programs. But lacking their own budget plan and wary about a politically charged special election looming on the horizon, Democrats also said they are...

US Democrat John Kerry is asking county elections officials to allow his witnesses to inspect the 92,000 ballots cast in Ohio in which no vote for president was recorded, a Kerry lawyer said. The request is one of 11 the Kerry campaign made in a letter sent over the weekend to Ohio's 88 county boards of election, which will begin recounting presidential ballots this week. "We're trying to increase the transparency of the election process," Donald McTigue, the lawyer handling the recount for the Kerry campaign, said last night. But he said that several requests - such as using independent...

Ok folks, many on FR have pointed out the absurditiy of someo of my posts. I am new on here, so im learning really quickly what I can and cant do, but I just love the ability to communicate with fellow conservatives around the country, and a lot of times i just want to put up a post that is likely to get some kind of response.

Though Election Day was almost one month ago and Sen. John Kerry conceded the presidential race, his campaign is still not giving up in Ohio, the state which gave President Bush enough electoral votes for re-election. Kerry's campaign is looking to join a legal battle over the state's impending recount, and has asked an Ohio judge for permission to join two third-party candidates in the process.

Sometimes you'll hear things that are so out of left field, so unexpected, or so troubling that you don't register them at first. Only later, be it seconds or days, do you recall the words with a flicker of surprised recognition. Such was my reaction to yesterday's interview between John Kerry, John Edwards, and NPR's Steve Inskeep. (Realaudio stream here; no official transcript, so all mistakes below are mine.) It's worth going through this piece by piece, not in the spirit of "fisking," which tends to promote shoddy writing and thinking in equal measure, but with the intent to parse....

French authorities rushed thousands of tourists out of the Eiffel Tower after receiving a warning that a plane was about to crash into the famous Paris landmark, police and the tower's management said. Around 4,000 people were evacuated from the 324-metre (1,070-foot) structure, which was closed for two hours before police ascertained that the threat was a hoax and it was re-opened. The company managing the tower, SNTE, said in a statement it had received "an anonymous message" which triggered the alert. It refused to elaborate on the threat, but a police source said a caller had spoken of a...

<p>BUCKEYE - The female corrections officer who was held hostage for 15 days was released Sunday night when two violent felons released her peacefully.</p> <p>The inmates are also in custody after surrendering.</p> <p>"She will be reunited with her fmaily," said Cam Hunter, a spokeswoman for the Arizona Department of Corrections.</p>

We can disarm and contain Saddam Hussein. There are a number of effective alternatives to war. Supporting the current UN disarmament mission in Iraq is critical. The U.S. initiative to win UN support for tougher weapons inspections is succeeding, and has created an ongoing monitoring system that increases the transparency of Iraq’s weapons complex. The presence of UN weapons inspectors serves as a deterrent to Iraq’s development or use of weapons of mass destruction. If Iraq does not volunteer all the documentation required by the UN, coercive pressure can be maintained through non-military means. We can improve the current containment...

AP World Politics Chirac expresses condolences over loss of space shuttle Columbia Sat Feb 1, 3:18 PM ET PARIS - President Jacques Chirac on Saturday expressed his "profound emotion" over the loss of the space shuttle Columbia, saying France felt solidarity with Americans and Israelis over the disaster. Chirac, in a letter to U.S. President George W. Bush (news - web sites), said the shuttle's loss was a "terrible tragedy," and he asked Bush to pass on his condolences to the victims' families. Columbia broke apart in flames 60,000 meters (200,000 feet) over Texas, killing all seven astronauts aboard minutes...

French astronaut says Columbia should no longer have been used PARIS (AFP) Feb 01, 2003 A French astronaut who took part in an earlier US shuttle mission and has criticised current space programmes said Saturday the shuttle Columbia which disintegrated should have been out of use long ago. Patrick Baudry said on French television he was "up in arms" over the disaster. "I think the shuttle should have been taken out of use long ago," Baudry said: "It's a magnificent machine that the Americans developed. But extremely dangerous." The Frenchman charged that the Columbia was limited in its capacity, and...

Californians have an interesting question to ponder following last week's elections: Why have Republicans taken total control in Washington at the very moment Democrats have total power in Sacramento? California, despite what others might think, is not just one more state. We have 12.1 percent of the U.S. population, 14 million more people than the next largest state, Texas. Our gross domestic product is, by some measures, ahead of that of France. A regional state – Connecticut, say, or Iowa or Louisiana – out of step with national trends is merely a curiosity, but California is no regional state. We...