Month November 2007

Global warming will be his first priority

Kevin Rudd, the man predicted to become Australia’s leader [in the election this Saturday], has declared the fight against global warming to be his main priority. The Labour Party leader said that he would immediately sign the Kyoto Protocol on…

Busfare: $1.6 million

That’s the current price in Zimbabwe, where inflation is 14,840% a year. The corrupt, braindead Mugabe government continues to make things worse by increasing price controls and even refusing to print money with more zeros on it because that would…

Today’s gloomy economic news

The European Interbank Covered Bond Council has halted trading until at least Monday, and possibly until the new year, citing instability, widening spreads, and illiquidity. “Covered bonds are debt securities backed by cashflows from mortgages or public sector loans” but…