Europe

Hungary’s Prime Minister Viktor Orban has officially banned ‘Islamisation’ from Hungary in order to protect the country’s culture and language.  Orban said the government opposes mass migration because it dilutes the principles of the Hungary constitution. Metro.co.uk reports: These comments follow the country’s decision to build a razor-wire fence last year to stop migrants from entering its borders. Orban said in order to be able to protect the citizens of Hungary they must know who wants to come in and why.

A few paces west of the public beach in Yorktown, Virginia, is a little cave looking out toward the water. We all know Yorktown from history class. This is where, in October 1781, the British army commanded by Lord Cornwallis surrendered to the Americans under General George Washington and the French under the Comte de Rochambeau.

By now it is a well-known fact that corporations have no real way of generating organic growth in this economy, so they are relying on two things to boost share prices: multiple expansion (courtesy of central banks) and debt-funded buybacks (courtesy of central banks), the latter of which requires the firm to generate excess incremental cash. Incidentally, as SocGen showed last year, all the newly created debt in the 20th century has gone for just one thing: to fund stock buybacks.

Submitted by Giulio Meotti via The Gatestone Institute,

• The West has capitulated on freedom of expression. Nobody in the West launched the motto "Je Suis Avijit Roy," the name of the first of the several bloggers butchered, flogged or jailed last year for criticizing Islam.

Relations between Iran and Saudi Arabia, which supposed had thawed as part of Obama's landmark 2015 nuclear deal which also allowed Iran to resume exporting its oil, are once again on the fence following a statement by Iran's Supreme Leader, Ayatollah Ali Khamenei, which accused the United States of scaring businesses away from Tehran and undermining a deal to lift international sanctions.