"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Thursday, April 28, 2011

World News

  • Israel, in an effort to prevent a Palestinian campaign to win UN recognition of statehood, has dismissed the reconciliation between Hamas and Fatah as "a fatal mistake that will prevent the establishment of a Palestinian state and will sabotage chances of peace and stability in the region."  The Palestinians disagree, saying that Hamas is part of Palestine and needs to be included.
  • This is probably not a surprise, but Japanese factory output fell by 15.3% in March, the largest single-month decline in their history.  On the heels of the report came the announcement from the Bank of Japan that they would leave interest rates unchanged at a target rate of 0% to 0.1%.
United States
  • Professor Ognjen Milatovic was arrested ay and removed from a US Airways flight after fellow passengers reported that he had a "suspicious package".  The package?  Keys, a bagel with cream cheese, and a hat.

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