Politics

As reported previously, in a sternly worded address to the nation, Spain's King Felipe VI condemned organizers of Catalonia's independence referendum for having put themselves "outside the law" and said the situation in Spain was "extremely serious", calling for unity. In his address, King Felipe VI said Catalan leaders who organized the referendum showed their "disrespect to the powers of the state" adding that "they have broken the democratic principles of the rule of law.

Just relax...

As Bloomberg noted, stocks and bonds managed gains despite talk that tax reform may face insurmountable hurdles in the U.S. Senate.

Echoing the sentiment from his prime minister Mariano Rajoy, in a nationwide address on Tuesday night, Spain's King Felipe VI said that Spanish democracy is in a serious moment, and accuses Catalan separatist leaders of violating constitution.

"For some time now, certain officials in Catalonia have repeatedly, consciously and purposefully breached the constitution and their statute of autonomy"

Toeing the government line, the King said referendum plans were illegal, and that it is "irresponsible" to conduct risks economy.

Whose Bright Idea Was RussiaGate?

Paul Craig Roberts

As previewed last night, when we reported that the US government would expel as many as 60% of Cuba's Washington Embassy staff, on Tuesday morning the Trump administration announced Tuesday it will expel 15 Cuban diplomats from the U.S. in response to months of mysterious “health attacks” that have affected American personnel in Havana. The State Department said that the decision was made due to "Cuba's failure to take appropriate steps to protect our diplomats in accordance with its obligations under the Vienna Convention."