Politics

Yesterday when we reported on the dramatic plunge in the Turkish Lira, which crumbled the most since 2008 on a report that a denied AKP party convention was going to take place, we predicted that this means a resignation of PM Davutoglu, who having been caught in a bitter power struggled with president Erdogan would likely resign, we said "if the convention is confirmed, it means that Turkey is about to be swallowed in yet another bitter political crisis, which will likely result in Erdogan concentrating even more power, unless of course he is stopped which in turn would me

British Prime Minister David Cameron has declined to appear before a parliamentary committee to give evidence to its inquiry into Libya. He told the committee holding the inquiry into his 2011 Libyan campaign that he was too busy to answer questions before the panel citing diary pressures.

Ohio Governor John Kasich has dropped out of the Republican presidential race. Trump’s main rival Ted Cruz dropped out on Tuesday night after poor results in the Indiana primary. The way is now clear for Donald Trump to be the presumptive GOP nominee. RT reports: Sources from within the campaign confirmed that Kasich would announce his withdrawal on Wednesday afternoon. He is not expected to endorse Trump, CNN reported, citing campaign insiders.

Submitted by Mike "Mish" Shedlock

Another Deadlocked Election Coming Up In Spain?

After six months of failed coalition attempts, Spain’s King Felipe dissolved parliament and announced new elections. I reported on this last week, but the official document dissolving parliament was signed today. New elections are on June 26. Will the results be any different?

There are 350 seats in Spain’s parliament. Courtesy of the BBC, the 2015 election went like this (blue highlights mine).

Party Leaders

According to a recent survey, the majority of people in Germany view the news media as simply a pillar of the government and the powerfully elite. Only one third of the respondents think that the German news media is truly independent, while the majority view the government and parties as having control over particular policies, and the lobbyists and advertisers having control over the economic news.