Jan Cienski reports on the new Polish government’s dim view of the relationship with the U.S.:
Poland’s new government has shed the country’s “negro mentality” when it comes to relations with the United States, Foreign Minister Witold Waszczykowski said on Polish public television.
The ink on the Iran nuclear deal wasn’t even dry yet when Tehran tested a next generation, surface-to-surface ballistic missile with the range to hit archrival Israel.
The Emad, as the new weapon is called, expands upon Iran’s already impressive arsenal of missiles which the IRGC insists are paramount to securing the country against regional threats. The country’s missile program, Tehran says, is purely defensive in nature.
We have come to associate the term “technocrats” with the kind of unelected and non-political experts that serve in European governments, particularly those responding to the recent financial crisis that has devastated several economies there. For example, economists like Mario Monti who served as Italy’s prime minister from 2011 to 2013, leading a government of technocrats in the wake of the Italian debt crisis. Their task wasn’t to transform the economic status quo in Italy, but to use their knowledge and expertise to fix that country’s economy.
Submitted by David Stockman via Contra Corner blog,
If you want to know why we have a $19 trillion national debt and a fiscal structure that will take that already staggering figure to $35 trillion and 140% of GDP within a decade, just consider the latest campaign fracas. That is, the shrieks of disbelief in response to Donald Trump’s sensible suggestion that the Europeans pay for their own defense.
Via ConvergEx's Nick Colas,
Our latest quarterly report on the recreational marijuana business shows a vibrant and growing industry as more states legalize the drug.
We survey numerous stores in Colorado, Washington, and Oregon to track how a newly legalized market develops its cost structure and product mix. Our Colorado contacts reported steady pricing and customer traffic compared to three months ago, and brought in $576 million in retail marijuana sales last year – 84% more than in 2014.