In Shocking Development, ECB Demands Impairment For Senior Spanish Bondholders; Eurocrats Resist

In a landmark shift in its bank “impairment” stance, the WSJ reports that “in a sharp turnaround” the ECB has advocated the imposition of losses on senior bondholders at the most “damaged” Spanish savings banks, “though finance ministers have for now rejected the approach, according to people familiar with discussions.” The WSJ continues: “The ECB’s new position was made clear by its president, Mario Draghi, to a meeting of euro-zone finance ministers [...]

Cloned horses may compete in the 2012 London Olympics, while anti-doping testing for humans becomes more sophisticated

Simon Victor
Natural News
July 14, 2012

(NaturalNews) While performance enhancement drugs and techniques may be banned for humans, the gate has been opened for genetically modified horses to compete in the Olympic games.

In a surprising but not shocking development, the Federation Equestre Internationale has decided to overturn a ban previously placed on cloned equines.

According to The Chronicle of the Horse at their recently held sports forum it was said, “The FEI will not forbid participation of [...]

More outrageous details emerge on the White House’s shameful “Fast and Furious” scandal

From Truth is Treason:

In a shocking development in the Operation Fast and Furious investigation, documents show Bureau of Alcohol, Tobacco, Firearms, and Explosives agents allowed grenade parts to walk into Mexico in addition to guns.

The e-mails also show Obama administration officials acknowledging that they may lose track of grenades but would still be able to accomplish their original objective even if the grenades explode.

“Even in a post blast, as long [...]

In a shocking development in the Operation Fast and Furious investigation, documents show Bureau of Alcohol, Tobacco, Firearms and Explosives agents allowed grenade parts to walk in addition to guns.

Matthew Boyle 
The Daily Caller
Thursday, April 26, 2012

In a shocking development in the Operation Fast and Furious investigation, documents show Bureau of Alcohol, Tobacco, Firearms and Explosives agents allowed grenade parts to walk in addition to guns.

The emails also show Obama administration officials acknowledging that they may lose track of grenades but would still be able to accomplish their original objective even if the grenades explode.

According to an internal email that was provided [...]

Sandusky’s Second Mile foundation may have been pimping out young boys to wealthy Penn State donors

Back in April, Pittsburgh radio host Mark Madden wrote a story about Penn State and the coverup of Jerry Sandusky’s alleged child molestation. Back then, Madden’s article seemed a bit less than exciting so, no one paid much attention to it. Now, it looks like what he said was incredibly accurate, and if it is really accurate, then it could be really bad.

So far, what Madden said is still not [...]

NEW SHOCK CHARGES IN HAPPY VALLEY

In April, Pittsburgh radio host Mark Madden wrote a story revealing Penn State for much of the cover-up ofJerry Sandusky‘s alleged child rape that has been exposed in the past week. While it didn’t raise many eyebrows back then, six months later it looks to be incredibly accurate.

On Thursday morning, just hours after legendary head coach Joe Paterno and university president Graham Spanier were fired by the school’s board of [...]

Harry Reid triggers ‘nuclear option’ to change senate rules, prohibit filibusters

From The Hill:

In a shocking development Thursday evening, Senate Majority Leader Harry Reid (D-Nev.) triggered a rarely used procedural option informally called the “nuclear option” to change the Senate rules.

The Democratic leader had become fed up with Republican demands for votes on motions to suspend the rules after the Senate had voted to end a filibuster.

 

Reid said these motions, which do not need unanimous consent, [...]

The all or nothing market

Regular readers of this site are now familiar with the term ‘all or nothing days.’  We consider ‘all or nothing’ days in the market to be days where the net daily A/D reading in the S&P 500 exceeds plus or minus 400.  With today’s A/D reading of -470, there have now been 42 ‘all or nothing’ days for the S&P 500.  At this rate, 2011 is now [...]

Fresh On The Dinner Table – Walker Wins the Prank Call Skirmish

The big story in the Wisconsin Budget Battle yesterday was the “prank call” perpetrated on Governor Scott Walker by a leftist blogger purporting to be conservative activist and billionaire David Koch.

The left has been hyperventilating about the Walker – Koch relationship since the before the elections of 2010, and pointing out that Koch and his family donated heavily to the Walker campaign.  Factually, the donation references are accurate, but the [...]