Tag: Italy

Italian Court Jails Scientists for Failure to Predict Earthquake

Rarely since a Catholic inquisition in Rome condemned Galileo Galilei to spend the remainder of his days under house arrest for the heresy of teaching that the Earth revolves around the sun, has an Italian court been so wrong about science.

Today, a court in the central Italian city of L’Aquila, 380 years after that miscarriage of justice, sentenced six scientists and a government bureaucrat to six years in jail on manslaughter charges for their failure to predict a 2009 earthquake that left more than 300 people dead.

via CSMonitor.com.

Al Gore is soooo pissed right now.  He’s so wishing that the U.S. had tried those evil scientists who claimed global warming was a hoax.

No better way to silence your opposition than place them in jail.

European Markets Tank

European markets took a big hit today, obliterating any hope generated by yesterday’s rally. Contagion is back, baby!  …

Italy and Spain led the downward trend, with the latter index briefly down over 4 percent.  Yields on Spanish government bonds continued to push 6 percent, but did not exceed that benchmark level.

via Business Insider.

The wheels are falling of the bus.  Italy and Spain will soon be Greece, Ireland is not far behind.  The Germans cannot afford to bail-out all of the Eurozone.  They too will fall if pushed much further.

Our own demise is not much farther away.  The debt is staking up with no end in site.  Investors have to make the choice of holding Europe’s bad paper or the U.S.’s bad paper.  They’ll choose to hold neither.

Good time to get into the long term commodity market.