Big news that did not make the front page:
The Federal Reserve warned on Thursday that a growing congressional threat to curtail its independence would destabilise markets and raise the cost of servicing US debt for “current and future generations”.
Ron Paul, the Texas Republican, has gathered the support of a majority of the House of Representatives for a bill that would audit the Fed’s monetary policy decisions. He told a Congressional hearing he wanted the power to prevent the Fed being "secret and clandestine and serving special interests”.
More on the proponent of this bill:
http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/
MET OFFICE OBSESSED BY CLIMATE ALARMISM
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Matt Ridley has written an excellent article on this in the Telegraph (4th
July) He points out that the Met Office make alarmist predictions based on
an...
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