Today has been tense and holds much promise for more tension as the days go by. Worth remembering that even when one view looks like the apocalypse might be bearing right down on top of you while you’re in your bathing suit in paradise…. …it might just be that you’re looking in the wrong direction. [...]
U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will slump after rallying within 1.4 percent of a three-year high, as failure to raise the federal debt limit intensified concern of a default. S&P 500 futures expiring in September declined 0.9 percent to 1,329.20 at 7:31 a.m. in Tokyo. Dow Jones Industrial Average [...]
Andrew Sullivan sums it up thus: The Republican refusal to countenance any way to raise revenues to tackle the massive debt incurred largely on their watch and from a recession which started under Obama’s predecessor makes one thing clear. They are not a political party in government; they are a radical faction that refuses to [...]