The downturn in the financial markets goes on unabatedly. The Asian stock markets have lost considerably again. The Indian stock exchange decided to halt trading, after the Sensex started the day with another 9.5% dip after having lost 11% yesterday.
“The Times” calculates:
The combined losses of the London, Paris and Frankfurt markets alone amounted to more than $350 billion (£180 billion) — roughly the size of the combined economies of New Zealand, Hungary and Singapore.
And that was yesterday’s losses. In a way that puts the $ 150 Billion programme of the US government into perspective. The futures on the European markets are down again, as well as the numbers for the US major indices. For economic news, see Bloomberg.
The Democratic primary campaigning is getting more heated, with Barack Obama taking on Bill Clinton. At a televised debate in Myrtle Beach S.C. the going got rough:
The race for the Democratic nomination took an ugly turn last night when Hillary Clinton and Barack Obama clashed repeatedly during a televised debate that produced the most vicious personal jibes of the campaign so far.
The third canddate at the debate, John Edwards, was left largely as a bystander. “Are there three people in this debate, not two?” he asked.
In an ABC interview Barack Obama accused Bill Clinton of lying:
“You know the former president, who I think all of us have a lot of regard for, has taken his advocacy on behalf of his wife to a level that I think is pretty troubling,” Mr Obama said in a breakfast interview with the ABC network, saying Mr Clinton had made statements “not supported by the facts”.
NATO is discussion premptive strikes. Nuclear preemptive strikes are an indispensible part of a working NATO doctrine, a new manifesto claims:
The west must be ready to resort to a pre-emptive nuclear attack to try to halt the “imminent” spread of nuclear and other weapons of mass destruction, according to a radical manifesto for a new Nato by five of the west’s most senior military officers and strategists.
“The risk of further [nuclear] proliferation is imminent and, with it, the danger that nuclear war fighting, albeit limited in scope, might become possible,” the authors argued in the 150-page blueprint for urgent reform of western military strategy and structures. “The first use of nuclear weapons must remain in the quiver of escalation as the ultimate instrument to prevent the use of weapons of mass destruction.”
Well, those five “most senior military officers and strategist” had their “most senior moment”, methinks. On the other hand, the timing and the obvious handwriting, cause more than a little concern.
And, finally the trading has started and the stock markets opened lower in Europe today with the London FTSE 100 -3.77% , the Frankfurt DAX -4.63%, the Spanish IBEX –4.83%, the Paris CAC -2.85%.
“Europeanview” wishes you all a good start into your day and remember it’s 363 days to go until someone new will get the chance to fix this mess. Unless someone else puts impeachment back on the table, double quick!