Juggling Dynamite

Nouriel Roubini, chairman of Roubini Global Economics, told CNBC, ECB bond buying will only buy time because the recession in the euro zone is getting deeper and how you stabilize the banking system and restore economic growth is still a very open question. Here is a direct link.

“The Koch brothers are spending $6 million on a new anti-Obama ad; an ad featuring a Canadian woman from Ontario.

Shona Holmes claims our medicare system blocked her from getting the immediate treatment she needed to prevent her from dying from a brain tumour. She mortgaged her home to buy life saving treatment at a Mayo Clinic in the US.

Except she never had a brain tumour. She had a benign cyst on her pituitary gland. Very serious, but not life threatening and treatable in the time period planned in Ontario…”

Read the whole article about the author’s personal experience in the US and Canadian health system here: The Koch brothers lie about Canadian healthcare.

U.S. Senate candidate Elizabeth Warren, in a high-profile speech at the Democratic National Convention, intensified her criticism of Wall Street, saying CEOs who wrecked the U.S. economy with risky bets “still strut around Congress” and demand favors from lawmakers.Here is a direct link. I wish I shared her faith in Mr. Obama. I do agree with her criticism of the Republicans.