The Daily Mail’s headline: During Rose Garden press conference, Obama refuses to apologize for secretly seizing AP phone records, shifts blame to Congress for Benghazi security lapses, and dodges question about White House IRS knowledge
…is that, if in individual wishes to participate, they must have money in an account and, the powers that be could have access to it.
The situation in Cyprus demonstrates the chain of events.
First, the power entity, in this case, the EU, announced a “tax” on bank accounts.
The bloc struck a deal on Saturday to hand Cyprus rescue loans worth 10 billion euros ($13 billion), but defied warnings – including from the European Central Bank – and imposed a levy that would see those with cash in the island’s banks lose between 6.75 and 9.9 percent of their money.
Next, speculation like this from Wolfgang Münchau at the Financial Times; “Europe is risking a bank run”.
The traditional method to stop a bank run is to declare a banking “holiday”.
“Tuesday and Wednesday are bank holidays,” the source said. A decree will be released shortly from the Finance Ministry to this effect, he said.
So, when most Cypriots wake up Thursday, their bank accounts will be pilfered by close to 10%.
I was watching the big Pope show for a bit last night, on different news channels. Several times I heard that the number of Catholics in the world is over 1.1 Billion.
Does that sound right?
That would mean that 1 out of 7 humans are Catholic. I tried to think of every human I know currently and didn’t come close to that kind of ratio. To be fair, I don’t ask people their religious affiliation by habit. And, there probably are many who are Catholics that have never brought it up in conversation.
I did some looking around and, according to Wiki, that number comes from 2012 Annuario Pontificio which is like the Catholic yearbook. So, it’s their own number.
In any case,, if there is anywhere near a Billion of them you would think they could spring for something a bit more snazzy when they get a new chimney.
Another one being covered to death is the “anti-Bloomberg” bill in Mississippi which, near as I can reckon, is an effort to pass a stupid law that will make a different stupid law illegal.
That aside, every single reporter seems to take delight in reporting the Mississippi is the fattest state in the country.
Turns out that those numbers come from the CDC. Take a look…
The red states have an over 30% adult obesity rate. But, the obesity is “Self Reported”. Maybe, people in Mississippi are just more honest.