Government waste in action.

An article at The Adam Smith Institute blog has an excellent example of one of the kind of things that the new coalition government can take their spending axe to : As it currently stands, anyone entering full-time higher education can receive financial support from...

Weekend Eurowatch.

From Zerohedge, something to watch out for this weekend after last weeks $1 trillion Euroland bailout non-event : Full profit taking in everything. Now even gold is plunging, but it is likely an LBMA "intervention." EURUSD just broke through 1.23 and has no further...

Quote of the day

There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. - Richard Feynman