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

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Wednesday, July 6, 2011

World News!

  • The German parliament, despite having a standing policy of not selling arms to repressive states, is debating whether or not to sell 200 tanks to Saudi Arabia.
  • The Japanese government has approved a second emergecy budget, this one for 2 trillion yen (about $24.7 billion)), which will be used to help fund new housing for the tens of thousands displaced by the earthquake/tsunami/nuclear meltdown, and to support businesses hurt by the disaster.  The budget will be presented to parliament for approval later this month.
  • Japan is getting ready to conduct safety tests on all 54 of it's nuclear reactors (only 19 of which are currently still operating).

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