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Europe

Will There Always Be England?

In his op-ed in the Washington Post, Chris Grayling, leader of the House of Commons, made the case for British withdrawal from the European Union—in terms Americans can understand.

Would you accept, Grayling asks, an American Union of North and South America, its parliament sitting in Panama, with power to impose laws on the United States, and a high court whose decisions overruled those of the U.S. Supreme Court?

Switzerland's Gotthard Base Tunnel: Swiss Engineered, Foreign Made

Switzerland's Gotthard Base Tunnel: Swiss Engineered, Foreign Made

Earlier we introduced the Gotthard Base Tunnel, the longest and deepest tunnel in the world. The 35 mile long tunnel which cuts underneath the Alps helps remove natural barriers to trade and tourism, and is undoubtedly a testament to Swiss precision engineering.

Interestingly, as Bloomberg reports, the tunnel that was 17 years in the making and had workers on three shifts working around the clock to build, was built primarily by foreigners.

"An Unusual Number Of Known Unknowns" - These Are The Key Event Risks In June

"An Unusual Number Of Known Unknowns" - These Are The Key Event Risks In June

One of the recurring concerns voiced by Bank of America's Michael Hartnett is that with May now in the rearview mirror, we are entering "the event risk month" of June (incidentally, over the weekend, the credit strategist presented several ideas how to trade said event risk, either bullish or bearish). Now it is UBS' turn to reiterate the warning that June may see a spike in volatility due to "an unusual number of known unknowns."

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