A very unsettling article from the British newspaper, The Guardian. It cites a recent report from the International Energy Agency that suggests that in about five years the world will pass a point of no return with respect to climate change.
The Russians apparently do not wish to increase the sanctions on Iran. As the pressure on Iran grows from the recent report from the IAEA, the options available to vent those pressures diminish for the US. We should hope that the pressures do not increase quickly.
The news about Italy rattled the stock markets around the world. They should stabilize if information about Berlusconi’s resignation becomes more solid and reliable. If Berlusconi equivocates, then we can expect further declines. Confidence is in very short supply right now.
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