Brexit hits Italian banks, already painted into a corner by EU regulations to make them more secure, but blocking all means to such security. Catch-22. Ambrose has the rundown.
Britain lost it's last AAA credit rating, and the credit-default-swap "insurance" rates on British bonds just jumped by about half. It's expensive to hedge that risk.
In a statement, Mr Corbyn said: “I was democratically elected leader of our party for a new kind of politics by 60% of Labour members and supporters, and I will not betray them by resigning. Today’s vote by MPs has no constitutional legitimacy.
“If anyone wants to change the Labour leadership, they must do it openly and democratically through an election, not through resignations and pointless posturing. If there has to be such an election, Jeremy Corbyn’s supporters throughout the movement will be ready for it.”
A mutiny by Blair-ites, aiming for maximum media complicity, fails to unseat the directly elected Labour Party leader, Jeremy Corbin. (What a nightmare for neoliberal city-dwellers if the bicycle-commuting Corbin should come to power later this year, with Tory politicians so disgraced, clueless and disorganized!)
Here is more on the meme of Europeans, especially Germany, renegotiating peace and trade with Russia, against the will of American overlords.
Angela Merkel declares that Ukrainian integration into EU is off the table.
The US can't really declare "victory" in Ukraine, and sure can't confess defeat, after a decade of very expensive destabilization, high profile false-flag attacks, and now stalemated civil-war. Another option is the Christian equivalent of turning Irish Catholics and Protestants against each other in Ulster. The Saker explains.
Renewable Energy: Excellent update on the strides made in wind and solar, and the very high costs of storing peak production electrons for peak demand. Pumping water uphill is by far the best, but very expensive to implement, and that uphill water really stores very little energy. And that's the best for price and long term durability. Lithium for all those batteries might run out by 2050. Find ways to use when the sun shines and conserve when it doesn't. This is a chapter from Heinberg's new book.
Aspartame, 200 times sweeter than sugar (and causes more weight gain, too, and worsens diabetes) gets to go back into Diet Pepsi, which should never be given to any living organism.
In case you missed that story about aspartame worsening diabetes, here's a link. I assume you know about the rat studies and weight gain already.
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