Our Global Elites and Third Century Rome

June 7th, 2018

Borepatch has a nice essay up about how our liberal global elites are like Roman Emperors in the third century:

The Global Elites are feeling threatened all over, just like the Roman Emperors did in 250 AD. The elections of Donald Trump, Brexit, and populist revolts across western Europe show that the “glue” holding together the current Western Progressive Empire is breaking down. The diverse populations that once accepted the rule of the Global Elite are now restive, and questioning the legitimacy of that elite.

And so the people must sacrifice to the Emperor or pay the consequences.

That means publicly mouthing the required platitudes about globalism, progressivism, diversity, and the rest of the pantheon of Imperial propaganda – this is to demonstrate the citizen’s allegiance to the anointed rulers.

And those who don’t – who, say, have a popular TV show that showcases conservative or libertarian or populist ideas running counter to that propaganda? They have to go. The elites must make an example of them, to influence weaker minds that might be wavering from full public support of the official Imperial propaganda.

It won’t work, of course, any more than it worked for Decian or his successors. What it did then was to harden the resolve of the persecuted Christians and build support for them among their non-Christian neighbors who were revolted at the senseless cruelty of the persecutions. It is doing this today, as the legitimacy of the global elite and its imperial propaganda is rejected by a growing number of Deplorables, world wide. We know this because we see the persecutions, which are a result, not a cause.

Read the whole thing.

Virginia APC Chase Ends Without Injury (UPDATED)

June 6th, 2018

“A soldier stole an armored personnel carrier from a National Guard base in Virginia on Tuesday and took the vehicle on a two-hour drive that ended in a police chase through downtown Richmond, the state capital, state police said.”

Some video:

That’s an M577, manufactured by BAE Systems, which is a variant of the M113 APC. The M577 is the command variant and generally unarmed. (News reports referring to this as a “tank” are from lazy, shiftless journalists who don’t care and should be shunned by polite society.)

As for the SUPERgenius who decided it was a swell idea to take it for a joy ride:

Update:

“Police have identified the soldier accused of stealing an armored vehicle from a military base and leading police on a wild chase through Central Virginia Tuesday night.

Police say 29-year-old Joshua Philip Yabut of Richmond took the M577 armored personnel carrier an from Fort Pickett in Nottoway County, near Blackstone, and led police on a pursuit up I-95 before surrendering in downtown Richmond.”

In a release, the Virginia National Guard said Yabut is a first lieutenant assigned as the commander of the Petersburg-based Headquarters Company, 276th Engineer Battalion, with more than 11 years of service. He deployed to Afghanistan from 2008 to 2009 with the Illinois National Guard.

Snip.

“State police say Yabut has been charged with Driving Under the Influence of Drugs, one felony count of eluding police and one felony count of unauthorized use of a vehicle.”

And there’s your motive. Drugs are bad, mmmkay? I think Mr. Yabut’s military career just came to an end.

(Hat tip: J. R. Salzman.)

Update 2: This is supposedly his Twitter feed. With retweets of Bernie Sanders, President Donald Trump and Popehat.

Including what appears to be a few seconds footage from inside the YPC:

Freedom of Religion 1, Social Justice Warriors 0

June 5th, 2018

In a broadly-shared 7-2 opinion on narrow technical grounds, the Supreme Court ruled in favor of the christian baker in the Masterpiece Cakeshop “gay wedding cake” case.

Let’s look at the text of the decision itself:

That consideration was compromised, however, by the Commission’s treatment of Phillips’ case, which showed elements of a clear and impermissible hostility toward the sincere religious beliefs motivating his objection. As the record shows, some of the commissioners at the Commission’s formal, public hearings endorsed the view that religious beliefs cannot legitimately be carried into the public sphere or commercial domain, disparaged Phillips’ faith as despicable and characterized it as merely rhetorical, and compared his invocation of his sincerely held religious beliefs to defenses of slavery and the Holocaust. No commissioners objected to the comments. Nor were they mentioned in the later state-court ruling or disavowed in the briefs filed here. The comments thus cast doubt on the fairness and impartiality of the Commission’s adjudication of Phillips’ case.

Snip.

For these reasons, the Commission’s treatment of Phillips’ case violated the State’s duty under the First Amendment not to base laws or regulations on hostility to a religion or religious viewpoint. The government, consistent with the Constitution’s guarantee of free exercise, cannot impose regulations that are hostile to the religious beliefs of affected citizens and cannot act in a manner that passes judgment upon or presupposes the illegitimacy of religious beliefs and practices. Church of Lukumi Babalu Aye, Inc. v. Hialeah, 508 U. S. 520. Factors relevant to the assessment of governmental neutrality include “the historical background of the decision under challenge, the specific series of events leading to the enactment or official policy in question, and the legislative or administrative history, including contemporaneous statements made by members of the decisionmaking body.” Id., at 540. In view of these factors, the record here demonstrates that the Commission’s consideration of Phillips’ case was neither tolerant nor respectful of his religious beliefs. The Commission gave “every appearance,” id., at 545, of adjudicating his religious objection based on a negative normative “evaluation of the particular justification” for his objection and the religious grounds for it, id., at 537, but government has no role in expressing or even suggesting whether the religious ground for Phillips’ conscience-based objection is legitimate or illegitimate. The inference here is thus that Phillips’ religious objection was not considered with the neutrality required by the Free Exercise Clause. The State’s interest could have been weighed against Phillips’ sincere religious objections in a way consistent with the requisite religious neutrality that must be strictly observed. But the official expressions of hostility to religion in some of the commissioners’ comments were inconsistent with that requirement, and the Commission’s disparate consideration of Phillips’ case compared to the cases of the other bakers suggests the same.

In short, liberals might have eked out a win in this case if only they hadn’t displayed their usual naked contempt for Christian believers.

It’s also gratifying to see that constitutionally enumerated rights can still, at this late date, trump those “unenumerated rights” (read Obergefell) plucked from the thin air of penumbras and emanations that are so near and dear to left-wing legal theorist’s hearts.

Ann Althouse also points out Justice Thomas’ opinion concurring in part and concurring in the judgment:

The Colorado Court of Appeals was wrong to conclude that Phillips’ conduct was not expressive because a rea­sonable observer would think he is merely complying with Colorado’s public-accommodations law. This argument would justify any law that compelled protected speech. And, this Court has never accepted it. From the beginning, this Court’s compelled-speech precedents have re­jected arguments that “would resolve every issue of power in favor of those in authority.” Barnette, 319 U. S., at 636…

States cannot punish protected speech because some group finds it offensive, hurtful, stigmatic, unreasonable, or undignified. “If there is a bedrock principle underlying the First Amendment, it is that the government may not prohibit the expression of an idea simply because society finds the idea itself offensive or disagreeable.”

And that, of course, is the entire point of the law. Tolerance is not enough. Liberals demand sanction and wish to criminalize dissent to their demands. You will be forced to approve of our lifestyle. You will be made to care. The law exists entirely to force Christians to bow to will of anti-Christian liberals.

Every knee must bend.

New York Governor Andrew Cuomo Brings His Magic Touch To Film

June 4th, 2018

Add “movie-making” to the long list of things that New York Governor Andrew Cuomo has brought his magic touch to:

A $15 million state-built film studio outside Syracuse, which promised to produce hundreds of jobs and bring Hollywood’s glitter to Central New York, hit an inglorious milestone on Friday with its sale to a new corporation set up by Onondaga County to manage it.

The price? $1.

The flop of the Central New York Film Hub, built by frequent and generous donors to Gov. Andrew M. Cuomo who are facing federal corruption charges, had been presaged almost since its announcement in 2014, when the governor wondered aloud the miracle of the concept.

“Who would have ever figured: Hollywood comes to Onondaga, right?” Mr. Cuomo said. “You would have never guessed. But it has.”

It actually never did.

Mr. Cuomo, a Democrat facing re-election in the fall, had promised that the project would create “at least 350 new high-tech jobs” and would be “a hot spot” for cutting-edge filmmaking techniques. But beyond temporary construction jobs, sporadic shoots and a lucrative contract for its builder, COR Development, the film hub has been anything but a success. It sat rarely used and became the subject of lawsuits by COR, which said the state owed it back rent.

The lawsuits were not the film hub’s only brush with scandal: In 2016, two executives with COR, Steven Aiello and Joseph Gerardi, were charged in a federal bid-rigging case along with Alain E. Kaloyeros, the former president of the State University of New York Polytechnic Institute.

All three men have pleaded not guilty, as has a fourth co-defendant, Louis Ciminelli, another developer who has given money to Mr. Cuomo.

Mr. Aiello was found guilty of conspiracy in March during a separate corruption trial that also saw the conviction of Joseph Percoco, once one of the governor’s closest aides and friends. Mr. Percoco was found guilty of three corruption-related counts, including conspiracy and solicitation of bribes.

Mr. Cuomo, 60, has not been accused of any wrongdoing, but the taint of corrupt associates has become an issue in his re-election campaign, used by both his Democratic challenger, the actress Cynthia Nixon, and his Republican opponent, Marcus Molinaro.

A 2016 investigation of the film hub by The New York Times found that the producers chosen to anchor the project by the Cuomo administration were entangled an array of lawsuits, tax liens and legal judgments. Their company, FilmHouseNY, used a misleading website to suggest it had offices in Albany and the Los Angeles area; it had neither. (The website listed its New York headquarters as “Suite 263,” the number of the company’s mailbox at a U.P.S. Store in a suburb outside Albany.) And despite the governor’s promises of jobs, the film hub had only two employees.

Spending $15 million and getting $1 in return is emblematic of not only Cuomo’s own corrupt regime, but of New York Democrats in general, from Eric Schneiderman to former New York State Assembly Speaker Sheldon Silver, Democrat-run New York is a cesspit of corruption and failure.

(Hat tip: Charlie Martin.)

Greg Gutfeld on California

June 3rd, 2018

Here’s Greg Gutfeld on the current state of the Not So Golden State:

“A new study ranks California dead last of all the states for quality of life, making it toxic.”

Daniel Ortega Is STILL A Brutal Communist Scumbag

June 2nd, 2018

Back in the 1980s, when the Soviet Union was still a going concern, communism held sway over a significant fraction of the globe. In addition to those countries forcibly incorporated into the USSR itself, and its vassal Warsaw Pact states in eastern Europe, communism also had many “franchises for totalitarianism” scattered throughout the world, with client states in Vietnam, Mozambique, etc. One of the closest to America was in Nicaragua, where the Sandinistas went about rapidly communizing the country, killing thousands, censoring the press, suppressing the Catholic Church, ushering in hyperinflation (P.J. O’Rourke: “We exchanged $480 for 4,080,000 Cordobas, which filled an Adidas gym bag…You probably have to take economics at Moscow U. two or three times to make cash worth this little.”), and committing ethnic cleansing against the Miskito, Suma and Rama indians. Running the entire show was Comandante Daniel Ortega, until pressure from the Reagan-doctrine backed “Contras” and the Organization of American States, forced the Sandinistas into holding a fair election in which they were promptly kicked out of power.

Out of office for 17 years, Ortega’s Sandinistas managed to regain power in 2007, and since then they’re gotten up to their old tricks, albeit in a lower-key, “we’re no longer backed by Soviet money” way.

Lately, however, the mask has slipped, and the Sandinistas are killing protesters against their regime:

The protest on Wednesday capped six weeks of what has been described as a national rebellion against the government of President Daniel Ortega. The government has denied responsibility for any of the deaths and insists that it is the victim of a vast conspiracy….

“The demonstration was peaceful,” said Juan Sebastián Chamorro, a negotiator on the national dialogue committee. “There were children there. It was a peaceful manifestation that ended up with people shot in the head and killed deliberately by snipers.”

Guillermina Zapata, 63, said protesters had told her that the bullet that hit her son, Francisco Javier Reyes Zapata, 34, came from a sharpshooter perched on the top of the national baseball stadium. Mr. Reyes was struck in the eye and died, she said.

“They have to go,” Ms. Zapata said of the president [Ortega] and his wife, Rosario Murillo, who is also the vice president. “He is a murderer, and a murderer cannot continue to govern Nicaragua. They have to leave. I believe that dialogue is no longer an option. That’s sitting down to talk with the devil, who is killing the people.”

And, of course, the classic socialist mismanagement of the economy. “David Zywieck, the Bishop of Siuna, a mining town in northeast Nicaragua, said pharmacies are short on medicine, building materials like tools and cement are in short supply and people are running out of sugar, flour, milk and cooking oil. Gasoline has also become scarce and more expensive.” (Hat tip: Instapundit.)

A half-million protestors showed up in the streets of Managua to protest the Sandinista regime, a staggering amount for a country of six million people.

Here’s a brief video recap of the situation:

All that time out of office evidently didn’t quench Ortega’s thirst for absolute power. Once a brutal communist scumbag, always a brutal communist scumbag…

LinkSwarm for June 1, 2018

June 1st, 2018

We told liberals they wouldn’t like the new rules being applied to them, but they didn’t listen. Liberals get Roseanne Barr fired, conervatives get Samantha Bee’s sponsors to pull out. (Disclaimer: I didn’t watch either of their shows.)

  • How #NeverTrump came to be a lifestyle choice: “These people aren’t operating from principle. The are operating from pique. Trump’s mere presence offends them because they just know they are his social and intellectual superiors.”
  • President Donald Trump has stopped apologizing and started innovating:

    Indeed, how many of these widely accepted (sometimes downright cherished) assumptions can one man challenge (disrupt) in such a brief period of time? The answer is plenty. He does it by questioning what often goes unquestioned in Washington, D.C. He simply asks “Why?” Why help fund a Shiite crescent in the Middle East? Why send tax dollars to a terrorist-friendly PLO? Why support anti-American programs at the U.N.? Why a “One China” policy? Why placate deadbeat NATO partners? Why pay premium prices for the F-35 and a new Air Force One? Why force nuns to provide birth-control coverage? Why tolerate sanctuary cities and a porous border?

  • British man goes to jail for telling the truth about Muslim rape gangs.
  • What it’s like to live on the border with Mexico:

    Five years ago, my husband and I bought a house in the emptiest county in America. We went there because the night sky is so dark, you can walk in the high desert by starlight and cast a shadow, so dark you can see distant galaxies and the zodiacal light. There are three types of people in our rural area: amateur astronomers, ranchers, and illegal aliens.

    If you climb the mountains behind our house and look south, you look into Mexico. If you climb those mountains to the top, you are on one of the major drug trafficking routes into America. If you stay in the desert at the foot of the mountains, you are in rattlesnake country—the greatest biodiversity of rattlers in America, and the night path of illegal aliens.

    It is not even a secret that the 60 miles between the border and Interstate 10 are treated as a no man’s land. We live and vote and pay taxes in America, but the government acts as if we are beyond the defensible perimeter of the country. Border Patrol is everywhere, but even with President Trump, they are just going through the circular motions of catch and release.

    They have high tech listening stations in the mountains, trucks equipped with radar on the back roads. They know when drugs are moving through, know regular drop-offs, are adept at finding caches. But if they can’t secure the border, they can’t keep the families that live here safe—and they don’t even try.

    We are the deplorables. All of my rancher neighbors have guns. Most are Evangelicals. To Democrats and open-borders Republicans, we are throwaway people. The Other. Disposable.

    The reason I am not naming names, even place names, is that these are my neighbors’ stories, not mine, and my neighbors—farmers, cowboys, and ranching families, strong, resourceful, tough people—my neighbors are wary and they are weary. They fear retribution by the drug runners and coyotes who bring the illegals across, because they have seen it happen.

    All of my neighbors have had encounters with illegals. Every single family. Everyone knows dozens of families whose homes have been broken into and worse—loved ones tied up, kidnapped, threatened, shot, permanently crippled by a hit and run attack, when they made too much of a fuss to authorities.

    (Hat tip: Director Blue.)

  • Get woke, go broke, college edition:

    Evergreen State College is eliminating dozens of staff positions as it struggles to cope with plummeting enrollment in the wake of the protests that engulfed campus last year.

    John Carmichael, the chief of staff and secretary to the Evergreen State College Board of Trustees, announced in a memo to staff and faculty members on Tuesday that the school has already cut 24 faculty lines and eliminated 19 vacant staff positions, and warned that up to 20 additional staff members could soon be laid off.

    “Over the past several days, 20 staff members have been notified that they are at risk for layoff,” Carmichael wrote. “These layoffs, although necessary to stabilize the college’s budget, represent a profound loss felt by many.”

    The staffing cuts, which include not renewing contracts for several adjunct faculty members, come shortly after the college revealed that it would be cutting $5.9 million from the budget in anticipation of a shortfall in applications of up to 20 percent.

  • Republicans have been using the Congressional Review Act to kill some of the worst regulations from the final days of the Obama Administration.
  • Came to Iraqi to join the Islamic State? Iraqi courts have no sympathy for you. Even if you’re a woman.
  • You may think you’re rich, but how much money does it take before an investment banker thinks you’re rich? Short answer: $25 million.

    Twenty-five million dollars in investable wealth. The kind of money you could afford to see dip into the red for a quarter or three, maybe even a year or two, without breaking a sweat. With $25 million, maybe, just maybe, you’re starting to be rich.

    Because in this era of hyper-wealth and hyper-inequality, that is simply where rich begins—a ticket, in truth, to the first, lowly rung of rich. For most of the planet, $25 million represents unfathomable wealth. For elite private bankers, it buys their basic service.

    Call it economy-class rich. Business class? That’s $100 million. First class? $200 million. Private-jet rich? Try $1 billion.

    I grew up thinking that rich was owning a two-story house, so I’ve got it made. Top of the world, ma! (Hat tip: Director Blue.)

  • Texas Supreme Court strikes down short-term rental rule. The only surprise this time is that it was San Antonio rather than Austin making the stupid law.
  • A small pro-life victory.
  • A-10s to get new wings. Good. (Hat tip: Stephen Green at Instapundit.)
  • Did Tranny Traitor Bradley Manning just threaten to off himself?
  • WisCon gonna WisCon. (Previously.)
  • Solo underperforms. I’m not sure there are any larger lessons to be drawn. For what it’s worth, I saw Deadpool 2 last Saturday, and recommend it to anyone who enjoyed the original Deadpool.
  • Related: Fans call for Common sense Star Wars control.
  • Hey, Did You Notice That Israel/Hamas War?

    May 31st, 2018

    I know CNN may not have had time to cover it, what with having to interview Stormy Daniels lawyer so many times, but did you notice that Israel and Hamas fought a short war a few days ago?

    Israel struck dozens of targets in the Gaza Strip on Tuesday after coming under a heavy barrage of mortar and rocket fire by Palestinian militants.

    The Israeli military said it carried out over 35 airstrikes on seven sites across Gaza, including a cross-border tunnel controlled by Hamas and Islamic Jihad — the two primary militant groups in the Palestinian enclave — The Associated Press reported.

    Beginning early Tuesday morning and continuing past nightfall, Palestinian militants launched roughly 70 projectiles toward southern Israel, according to the Israel Defense Forces. One mortar shell landed near a kindergarten just before it opened, and three IDF troops were injured in the bombardment.

    The Daily Caller was even kind enough to embed this IDF tweeted infographic:

    That Hamas happy kidnap tunnel Israel blew up was 1.2 miles long and extended into both Egypt and Israel.

    Did you notice that this dustup barely rated a blip from our mainstream media?

    It used to be that military action by Israel would dominate headlines for days, with Democrats rushing to cameras to sonorously demand the President personally intervene with Israel (always with Israel, never with the Scumbag Terrorist Enemy of the Week) to impose a unilateral ceasefire so as not to wreck the endless “Middle East Peace Process.”

    Mark that down as another thing killed by the Age of Trump. It’s gone from “If It Bleeds, It Leads” to “Print It If It Hurts Trump.” (Never mind that this endless molehill mongering has only strengthened Trump.) “Car bomb explodes in Beirut” was front-page news back in the 1980s, but today there are multiple concurrent wars going on in the Middle East that won’t make the news for weeks at a time. (When’s the last time you saw a top-of-the-fold story on the war in Yemen?)

    An end to the MSM’s fixation on Israel to the exlusion of every other country in the Middle East is probably all to the better. Now if only the MSM could be convinced to cover the violence committed against Americans in Democrat-run cities like Chicago and Baltimore with the same fervor they used to cover random dead Palestinians…

    Twitter Suspends GayPatriot For Pointing Out Bradley Manning is A Traitor

    May 30th, 2018

    It seems that noted Tweeter GayPatriot, who has 70,000+ Twitter followers, has been suspended for stating the obvious: That Bradley Manning is a traitor.

    Reminder: Bradley Manning is still a traitor and still a man:

    It seems a little odd that right in the midst of this apocalyptic hand wringing over WikiLeaks, the president would choose to commute the sentence of a guy who went into a war zone, stole reams of classified files, and gave them to WikiLeaks. Bradley Manning didn’t merely release email correspondences between DNC officials where they complain about Bernie Sanders and talk about spirit cooking. These weren’t embarrassing revelations about a political party. These were hundreds of thousands of secret documents relating to national security, appropriated during a time of war, and “leaked” indiscriminately with no regard to how it would undermine our war efforts and even less regard for the lives it put at risk. The Democrats apparently want us to believe that humiliating Hillary Clinton is a far worse crime than jeopardizing the safety of our troops, intelligence officers, and allies. The word “outrageous” does not even begin to describe what’s going on here.

    Snip.

    Bradley Manning, a traitor to the United States who gave assistance to the enemy, a convicted spy who would have been put in front of a firing squad not too long ago, will now be a free and celebrated man for one single reason: he pretends he’s not a man. Because Manning “came out” as “transgender” after committing his act of treachery, he became a hero to the Left. A trans hero, specifically, which is the most heroic kind of hero. That’s why he will be getting out of prison. For that reason and no other.

    The Left admitted upfront that it wants Manning out of prison solely because he cross dresses. Before his commutation was announced, the media wrote story after story describing the “bleak life” of a “woman” in a men’s prison. They insisted that it’s an injustice to force a woman to remain incarcerated with men. And they’re right, that would be an injustice; but no such injustice had actually occurred. Bradley Manning was a man when he entered prison. He’s a man now. He’ll be a man when he leaves. He’ll be a man until he dies and even still afterwards. Complaining that a “transgender woman” wasn’t transferred to a women’s prison is like complaining that a lunatic who thinks he’s a polar bear won’t be transferred to the local zoo.

    It seems that Twitter’s social justice warrior contingent isn’t satisfied with just targeting conservatives: they’re at war with reality itself.

    And speaking of the Tranny Traitor, he’s running for the Senate from Maryland. In fact, Bradley’s doing so badly that he’s declared “voting isn’t working.” Well, I guess it isn’t “working” when voters hate you… (Hat tip: Instapundit.)

    Eurocrats 1, Italian Voters 0

    May 29th, 2018

    Remember the Eurozone crisis? It’s back!

    Or, to be more accurate, it never went away.

    Today’s locus of instability is Italy, where two Euroskeptic parties, one left (Five Star Movement) and one right (the League, AKA the Northern League), were prevented from forming a coalition government by the country’s Europhilic President Sergio Mattarella, who vetoed their pick of Paolo Savona for finance minister because he advocates leaving the Euro. Like Spain, Italy found out that if they went too strongly against the EU’s wishes, they’d simply be required to keep voting until they got it “right.”

    The current reckoning has been a long time coming:

    Accepting Italy as one of the eurozone’s founding members was a decision only made possible by ignoring common sense, by twisting statistics, and by making a mockery of the rules. But it was a Pyrrhic victory: Italy was allowed to trick its way onto a voyage that damned it. The euro simply did not fit the realities of Italy’s economy or its politics. By dramatically cutting the country’s financing costs (borrowing lire would have carried a significantly higher nominal cost) adopting the single currency allowed Rome to avoid tackling the country’s high debt load, a debt load that was made all the more dangerous now that it was all denominated in a ‘foreign’ currency. Italy could no longer print lire to pay off its creditors.

    When the eurozone crisis hit, Italy was one of the victims, and so, in some respects was its democracy. In something that came uncomfortably close to a coup, the eurozone leadership essentially used Italy’s financial fragility as a lever to secure the replacement in 2011 of Prime Minister Berlusconi by a Brussels man, Mario Monti, a pliable, unelected proconsul. Next time you hear Brussels lecturing Eastern Europeans on democracy remember that.

    Italy weathered the crisis in a ‘just a flesh wound’ sort of way. Its problems became chronic, rather than acute, if that’s the correct adjective to describe the consequences of staying stuck in the euro’s deflationary trap: High rates of unemployment and anemic economic growth.

    The Independent:

    Per capita GDP in Italy is still more than 8 per cent lower than it was when Lehman Brothers went bust in 2008. Quite incredibly, it is even lower than it was when the country joined the eurozone back at the turn of the millennium. Unemployment stands at 11 per cent, down from a peak of 13.1 per cent in 2014, but still double the 5.8 per cent low seen in 2007.

    As the largest of the PIIGS and the third largest economy in the Eurozone, Italy’s participation in the Euro is a lot more vital than Greece’s, which is why the EU has actively been trying to crush any hint of (pick your neologism) Quitaly or Italeave.

    Never mind the fact that, as in Spain, Italian voters want to have their cake and eat it too, advocating polices (in the form of “rolling back pension reforms and government subsidies to the unemployed”) that would only pile on further debt in a country that already has a national debt running at over 130% of GDP, secondly only to Greece in the Eurozone. That doesn’t change the fact that Italy has “ceded its sovereignty to the European Union and international financial markets.”

    Naturally, traders have responded to the crisis by selling off Italian stocks and bonds.

    Stay tuned…