Forget Eyjafjallajokull, Mt. Katla Is Now Getting Ready To Rumble
The ground is now literally shaking around Iceland's Mt. Katla. If that blows, look for Bund spreads to promptly catch up with Greek ones

The Pentagon's Fantasy Numbers on Afghan Civilian Deaths
“The American public is conditionally tolerant of [military] casualties and consistently indifferent to collateral damage” Dr. Karl P. Mueller, School of Advanced Airpower Studies, Maxwell Air Force Base

Labour must prepare to boot Brown
If voters return a hung parliament, Labour must bite the bullet and get rid of Gordon Brown or face staying out of power

Calls to bar bank from government work
Goldman Sachs should be suspended from working for the Government until the outcome of a fraud case brought against the investment bank is known, opposition politicians said yesterday.

US forces kill 4, injure dozen Afghans
US military forces have opened fire on a vehicle killing four and wounding more than a dozen civilians in Afghanistan's eastern province of Khost

Turkey backs Iran, restates diplomacy
Turkey says that it has always supported Iran's stance on its nuclear issue and has reemphasized that any coercive measure against Tehran would prove ineffective.

Pressure on interest rates after suprise inflation jump
Inflation surged by more than expected last month, raising fears that the Bank of England may be forced to raise the interest rate sooner than expected