May, 2011

The five decade-long United States embargo against Cuba could finally be lifted after the discovery of an enormous oil field in Cuban waters. Thus reports London’s Daily Telegraph. … the discovery of between five and 20 billion barrels of oil in the deep waters off Cuba’s north coast, only 60 miles away from Florida, has [...]

Australian politicians are generally a pretty bland lot. Yes we have had a pedophile or two and adultery occasionally gets a run but nothing to compare to the panache of Georges Tron, 52, junior minister for public affairs in the French Government who has has resigned over claims his “foot fetish” led him to sexually [...]

It’s amazing what a few upgrades and membership of a chairman’s lounge can achieve. Qantas has got away with murder of ordinary consumers for years because of its ability to influence the chosen few. Politicians and senior public servants getting their freebies have cost everyone else plenty over the years. And now we have a [...]

I suppose we could call it courage but foolhardiness might be a better word. The Labor Party government has made itself hostage to Malaysian jailers by insisting that boat people sent from Christmas Island will not end up being punished with a big stick. Given the reports from international organisations like Amnesty International that is [...]

Maverick Liberal Democrat MP John Hemming has released a statement on why he joined tens of thousands of people on Twitter and a Scottish newspaper in naming Ryan Giggs as the soccer player at the centre of the superinjunction storm that blew up in the British media over the last week: Answering questions as to [...]

Yields on Greek government bonds hit new highs this morning (tonight Australian time) with the interest rate on 10 year bonds at just a tick under 17% and 26.16% on the two year variety. Clearly the market has lost confidence that the joint European Union and International Monetary Fund bailout will be enough to prevent [...]