BREXIT Begins

With the clock ticking on the United Kingdom’s exit from the European Union, negotiators from both sides officially started Brexit talks almost three months after the British government formally gave notice of its intention to leave the European bloc. The March 29 date of that announcement officially started the two-year period of negotiations over the terms of the divorce.

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David Davis, the British Cabinet secretary in charge of the United Kingdom’s exit, and EU chief negotiator Michel Barnier met for a working lunch on Monday. Other working groups and top negotiators were to hold meetings during the day, and a news conference was scheduled for the evening. The first days of negotiations are not expected to be particularly dramatic and could mostly focus on setting the agenda and agreeing to the logistical and practical elements of the talks.

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Hillary Clinton’s former campaign chief John Podesta attacked the First Amendment rights resulting in alleged retribution

Hillary Clinton’s former campaign chief John Podesta attacked the First Amendment rights of the free press as he continued to spin his conspiracy theory of Russia allegedly colluding with conservative American news websites to damage Democrats.

Reuters
During a conversation with the Washington Post’s Karen Tumulty, <https://www.washingtonpost.com/video/postlive/the-daily-202-live-with-karen-tumulty-and-john-podesta/2017/05/23/20aa4738-3fc4-11e7-b29f-f40ffced2ddb_video.html> he cited the “participation and the support of the alt-right media,” naming “guys like Sean Hannity” and “disgusting” Newt Gingrich for helping spread “fake news” to hurt Democrats. He specifically criticized Hannity and Gingrich for asking questions about DNC staffer Seth Rich’s murder and whether or not it had a connection with Wikileaks. WaPo News

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Italy: The ongoing banking crisis back front & centre again

Two small Italian banks, Popolare di Vicenza and Veneto Banca, recently reported their 2016 fiscal positions that showed losses of 1.9 billion euros ($2 billion) and 1.5 billion euros ($1.65 billion), respectively. Both banks have slipped below the EU mandated requirements for managing bad debt leading to erosion of their capital reserves. Though these two banks are small they are the ‘canaries in the fiscal coal mine’ when it comes to assessing the current overall financial problems besetting Italy. There is currently a total 360 billion euros of non-performing loans in the Italian banking system, making the sector extremely fragile.

Monte dei Paschi

Precedence setting mini-banks like Popolare di Vicenza and Veneto Banca, have a outsized influence on setting the rules underpinning the setting of controls and limits on the largest banks in Italy. Precedence setting on how the European Central Bank treats Italy’s large banks are administered, based on such weak guidelines is causing investors across the sector to re-evaluate their investments.

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On the brink of Article 50’s implementation: BREXIT HAPPENED FOR A REASON: EU MEMBERS LIKE POLAND OUGHT TO REASSESS

Polish Prime Minister Beata Szydło wrote a curiously desperate letter of last resort to the European Union to prevent the re-election of her Eurocrat predecessor, Donald Tusk. She appealed to democracy and national sovereignty. This must have sounded like a joke to the Eurocratic team that decided whom to choose. But all was in vain. Poland alone cast the dissenting vote. Representatives of twenty-seven other EU countries voted for the reelection of Tusk.

Polish Prime Minister Beata Szydło

 

Poland’s former liberal prime minister Donald Tusk of the Civic Platform (PO) party has just been reelected as the president of the European Council (EC). The election has occurred against the explicit wishes of Poland’s current populist government of the Law and Justice Party (PiS). On the one hand, Tusk’s victory has triggered much gloating in the Europhoric, globalist, and German circles. On the other hand, it has prompted confused fury and embarrassment in the Polish ruling circles.

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More nonsense doom and gloom from the always politically predictable ‘warmists’

Climate Change is more real, and dangerous, and worrying than ever before because lots of bad weather has happened around the world.
Now that I have handily summarised the World Meteorological Organization’s (WMO) latest report — WMO Statement on the State of Global Climate in 2016  <http://reliefweb.int/sites/reliefweb.int/files/resources/1189_Statement2016_EN.pdf> — you have no need to read it.

NOAA

That’s because the report’s only intended function is as a propaganda device to prop up the global climate alarmist narrative.

You can tell this because of certain key phrases that have been embedded in the “Executive Summary.”

Phrases like:


Warming continued in 2016, setting a new temperature record of approximately 1.1 °C above the pre-industrial period…

…against a background of long-term climate change….

Severe droughts affected agriculture and yield production in many parts of the world, particularly in southern and eastern Africa and parts of Central America, where several million people experienced food insecurity and hundreds of thousands were displaced internally…

Detection and attribution studies have demonstrated that human influence on the climate has been a main driver behind the unequivocal warming of the global climate system…

Human influence has also led to significant regional temperature increases at the continental and subcontinental levels. Shifts of the temperature distribution to warmer regimes are expected to bring about increases in the frequency and intensity of extremely warm events.


But most of this stuff just comes from the IPCC’s Fifth Assessment Report, which was published in 2014. What, exactly, is its relevance to a new report on last year’s weather?

Short answer: none — but this was never the point.

 

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