UK Treasury = UK Banks and Greece

Guardian: Reports that the UK Treasury in effect wants to UK banks to take losses on the Greece debt. Folks, if this is the case then Greece had defaulted on its debt, any debts that are written off or reduced is a default, also it’s a game, the Greek economy has hit its Iceberg, it’s the Titanic going down, and any rescue is a drunken vision. The UK banks cant afford to take these debts write off for Greece, the banks should say NO, because folks you can count on this, the banks will go back to the Government and demand a bailout for reducing the debt of Greece, thus the tax payer will have to bailout the banks again, banks sell your debt, ditch Greece.

Summer of Discontent = Heath or Thatcher Model

Telegraph: Reports that the Coalition Government will introduce tougher Union laws should there be a summer of public sector strikes, one of the reforms would be the need for a threshold of support for strikes, from 40% to 50% of the work force. The Coalition can either go for the Edward Heath model and that is defeat to the Unions, or the Lady Thatcher model and win, the Thatcher Government broke the National Union of Mineworkers, thus finished forever the power of Unions to bring Governments down, this new clash is based on the fact that public sector unions care more about the pensions of their members than the fact that the world has changed, the pensions of public sector employers is richer than those for the private sector, the general population lives longer, thus the need to make the retirement age higher, lets be honest folks the age that you should get a pension should be around 70, that’s the way its going, it will be that figure within 30 to 40 years. Thus the Coalition Government should follow the Reagan example, President Reagan gave air traffic controllers a choice either get back to work or your fired, they thought he was bluffing, bad mistake, they got fired. If the Unions want another 1926, give it to them, ask non union members to take over those jobs that Unions don’t want, also threat to revoke the pensions of those that go on strike, break the Unions, make them hurt, make them get real.

Huhne on Tape

BBC News: Reports that the Sunday Times has been ordered to hand over a tape that has allegedly the Energy Secretary Chris Huhne discussing with his estranged wife the details of transfer of car penalty points. The Liberal Democratic leader Nick Clegg must have a smile on his face at the moment, both Huhne and the Cable have self exploded and are not a threat to his leadership, either way Clegg wins, if Huhne is cleared he has to much scandal attached to his name, if Huhne is charged then he is out of the Cabinet and Parliament, win either way, that is hard ball politics folks.

Peter Falk Dead = Goodbye Columbo

The New York Times: Reports on the death of the actor Peter Falk. Mr Falk was a fine actor, and he was Columbo, what made Columbo different was that you saw the crime and how it was done at the start and then you saw Lt. Columbo solve the case, how he was looked down on by the weekly murder. But no matter how powerful or intelligent the murder he or she was always caught. What made Columbo was the weekly guest starts, great Hollywood Stars, it was fun seeing the try to outwit Columbo when the faced with Mr Falk and never winning, the star was Peter Falk. Also the guest stars came back, thus you had Captain Kirk, the Prisoner etc coming back to try to foil Columbo and never winning, that was the fun. There was and shall always be only one Columbo, TV detection has lost a great Cop, and the arts have lost a fine actor in Peter Falk.

Obama Rebuked over Libya = Guardian

Guardian: Reports the following on the rejection by the Republican House of a Resolution that would give the green light for the War in Libya, “ It is an embarrassment for the president to have a vote go against him in time of conflict…”. Thus on one level the House has rebuked the Oval, but it’s a mild rebuke, the House did not cut off funding, the War in Libya is in No Mans Land of War, as NATO is using air power there is a limited threat for the Allies to suffer casualties, one of the good things about not having troops on the ground. But sooner or later something will go wrong, either in the air or at sea something will get hit, it’s the law of averages of folks, then it gets serious for the White House, 10 Downing Street and Paris, but so far they have been lucky, the Libya story is mentioned on the news but only if something has gone wrong with the bombing or other event. The world press just cant wait for Gaddafi to fall, thus different reporters pop up ever few days. The Coalition Government has stated that the War in Libya has cost the UK 260 million and counting, the Armed Forces are making noises that the Navy and Air Force can only do a few months before it reaches it limit. Thus the US, UK and France have to win and soon folks.

What is a Rebuke ?, Obama and Libya

The US House of Representatives has rejected a resolution that would give President Obama Congressional Approval for the War in Libya, the vote tally was 295 against approval while 123 supported the Libyan operation. It should be noted that 70 Democratic House members voted against their President. But on the other hand the House would not cut off funding for the War, the tally in this vote was 238 against cutting funding, while 180 wanted to cut funding. In this resolution 89 House Republicans voted against cutting funding. Thus a mixed message folks, it can be argued that President Obama has a few months to win this War, if Gaddafi is still in power in the New Year the House just might cut off funding, as the Democratic House cut funding for the Vietnam War in the early 1970s. Thus NATO has to win in Libya, it does not have all the time in the world folks, both the US and the UK are basically broke, even might powers when they are broke have to cut bait, after World War Two the UK gave up India, it was the right thing to do, democracy and all that, but also there was the fact that the Great Britain was broke, from Rome to the Soviet Union to the US, when the money runs out, the Armies have to come home.

Rebuking a President = Obama and Libya

The New York Times: Reports that the US House of Representatives will limit the military role of the US in the Libyan War, the article states the following on the rebuke to Obama, “.. extraordinary and potentially bipartisan rebuke of a sitting president engaged in an active conflict abroad. ”. This is down to the basic fact that President Obama has broken the War Powers Resolution Act that was passed in 1973 after Watergate to curtail military action by a President of the United States. After sixty days of military action that has not been given the green light by Congress at the start a President has to seek approval or remove the military presence. The Oval seems to think that since the UN has given approval that it does not seek the approval of the US Congress, this has miffed to say the least both the House and the Senate. The legal opinions from within the Obama Administration is also against the President, its only President Obama who thinks its legal. That ego again from Obama. But the main problem for President Obama is that the War in not popular, you either win a war or you don’t fight a war, that’s the problem with allowing Harvard lawyer to become President, he still thinks he is doing a Harvard Seminar, that you can fudge the difference, thus Libya, leading from behind, Afghanistan, going against the advice of the military. Obama is no REAGAN.