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Cut $4 trillion over the next dozen years? President Barack Obama today proposed chopping $4 trillion from future spending to lessen the deficit red ink. This proposal is pie in the sky economics and reaches a full six years beyond the end of a potential second Obama term and makes assumptions that are so unlikely to be realized that the…
A terrible fire ravaged the museum ship “ Cutty Sark ”, a 19th century clipper in dry dock in Greenwich, on the outskirts of London, where it has been a tourist attraction since 1954. The upper deck in particular was completely destroyed by the flames, but the lower part of the ship seems to have been partially preserved. The Cutty Sark , on display…
After the announcement of the new president, numerous riots broke out in the big cities of France and in the suburbs. More than 360 cars were set on fire, 270 people were arrested Monday after clashes caused by the victory of Nicolas Sarkozy . Numerous clashes between demonstrators and the police took place, results: 28 police officers injured. 10,000 people demonstrated across France against…