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By Pete Moore On June 29th, 2016 at 7:21 pm

HAVE a look at the Labour Party.

I actually can’t keep up with it, and I’m a newshound with a native’s instinctive knowledge of his country’s politics. Every hour brings new resignations, new walkouts, new fights and new demos in support of Comrade Corbyn.

In short, Corbyn (a hard Left Trot) was elected by the party membership (and three quid Tories who joined the party just to vote for him – thanks Miliband). Labour’s MPs never wanted him, but were lumped with him. His shadow cabinet has been resigning since the weekend, I think 95 so far, including one who walked out two days after promotion.

A confidence vote by Labour MPs on Monday saw Corbyn lose 174 – 40. Everyone with two brain cells in the party wants him to resign, but he won’t go. The union paymasters, some party members and a Socialist Workers Party faction want him to stay. The Guardian and The Indy, both left-leaning papers, report today that anti-Corbyn MPs are considering splitting away.

This is back to the 1980s, when far-Left militants made the party unelectable and almost broke it. In fact it’s even worse than that. Foot and Kinnock never presided over such a shambles, and that was a proper shambles. What’s happening is that Labour MPs want a return to politics and elections while Corbyn wants to lead a social movement with no regard for power. It’s tearing Labour, the party of Ramsay McDonald, Atlee, Hugh Gaitskell, Wilson and Blair, apart. Which is absolutely hilarious.

And by the time you read this, something else will have happened.


By Pete Moore On June 29th, 2016 at 6:28 pm

The FTSE 100 closes tonight above where it was on Independence Day, hitting a two month high.


That was your recession, carry on now. Sterling’s back up as well after the immediate sell-off, as vast bets against Brexit unwound. Some good would come from it staying at a lower level.

There will be recessions in future. In or out of the EU, there will be recessions (or “market corrections”). It won’t have have anything to do with Brexit, although Brexit will get the blame. It may even spark off great realignments, as capital is reallocated in accordance with new facts. And all along, as always, there’ll be market turbulence. It’s business as usual as markets adjust, and adjust they always do. For now, central banks are still in printing mode, still concerned with liquidity and keeping interest rates low.

Should be your next PM

By The Troll On June 29th, 2016 at 3:25 pm

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Turks Reopen Istanbul Airport Chop Chop

By Phantom On June 29th, 2016 at 2:39 pm


Yesterday, there was an atrocity at Ataturk Airport, one of the busiest in the world. It was likely committed by ISIS.

Less than 24 hours after the crime, travelers were sipping coffee at airport cafes, waiting for their flights. The airport was actually open for service.

The Turks and the Israelis apparently use the same playbook – after an incident, they don’t give the terrorists the satisfaction at any sustained disruption. They reopen at lightning speed.

A tip of the hat to the Turks here.


By Pete Moore On June 28th, 2016 at 7:59 pm

IT looks like there’s a new game in town.

President Obama has backed up the bus from his warnings and blah blah of a few weeks ago. Back of the queue? Oh, ignore all that pre-Brexit stuff. That was just hysteria, he reckons. Yes, we knew that. Just as well some of us stayed sane, eh? In this new word, it seems that some Washington lawmakers are interested in discussing trade with the UK. Talk seems to be of a three-way trade deal with Canada. A common language, a common law, it wouldn’t take long. But hark, what is this?

Prime Minister Malcolm Turnbull has announced Australia will team up with New Zealand in a bid to negotiate new trade and immigration deals in the wake of the Brexit vote in the UK.

The old habits of Empire didn’t didn’t really go away, and the ANZACS are always good company. The Anglosphere was broken apart in 1972, but like a vast new planet forming, the pieces are coming back together. But hang on, what are these foreign Johnnies saying?

EFTA trade alliance open to letting UK back in

Woah everyone, calm down. We’re back on the map and open for trade (as long as the Tories don’t stuff it up). Everyone wants us all of a sudden. So much for turning our back on the world. By the time we’re actually done and dusted with the EU the old place will be booming like never before.


By Pete Moore On June 28th, 2016 at 7:21 pm

HERE’S an intriguing breakdown of Brexit polling by Ashcroft Polls. One question asks: “Please can you rank the following in order of how important they were in your decision?” We see that the primary motivation for Brexiteers is democracy, and that the primary motivation is the economy –


In short then, we Brexiteers are moved by fellow feeling, our social conscience, the feeling that we all count and that we all have a valid contribution. Remainers are motivated by Mammon, greed, and the worship of wealth.


By Pete Moore On June 28th, 2016 at 6:17 pm

A tumultuous summer brings forth a beautiful image. While England tears itself apart, yet again, over another calamitous tournament exit, all nationalists had a victory last night.


Last Call at Raccoon Lodge

By Phantom On June 28th, 2016 at 5:22 am


The mythical Raccoon Lodge was a salon that the bard of Chauncey Street, Ralph Kramden was a member in good standing of .

The Raccoon Lodge, on 59 Warren Street, north of the Trade Center and south of Chambers Street, was named in its honor. It was a great dive bar in a city with a bunch of them. It has a pool table, a good juke box, a long enough bar, and great barmaids well acquainted in the ancient art of the buyback. A place where bikers, construction workers, office workers all feel equally at home, until 4am sharp. That ends this week.

It has been on borrowed time for some months. The building, and others on the block are coming down, some well financed new place is going up. This Thursday, or to be the pedant, this Friday, at 4am, time’s up.

I will make one last visit on Wednesday, to lift a glass to the great Raccoon Lodge.

England Leaves Europe For Second Time in One Week.

By Mahons On June 27th, 2016 at 10:42 pm

That wasn’t Nice, though it happened there.  England beaten by…Iceland.  Iceland.  Ice Ice Baby.  Hodgson had no choice but to resign.  Good grief.

Proof that Lifetime Government appointments lead to Brain Disease

By The Troll On June 27th, 2016 at 10:23 pm

A Judge appointed by Reagan had this to say about the Law and the Constitution. He has served 35 years on the Bench and he has totally lost his mind. When you can only lose your job through your own death there is no check on your power and the old adage rings true Power Corrupts.

And on another note about academia and practical law, I see absolutely no value to a judge of spending decades, years, months, weeks, day, hours, minutes, or seconds studying the Constitution, the history of its enactment, its amendments, and its implementation (across the centuries—well, just a little more than two centuries, and of course less for many of the amendments). Eighteenth-century guys, however smart, could not foresee the culture, technology, etc., of the 21st century. Which means that the original Constitution, the Bill of Rights, and the post–Civil War amendments (including the 14th), do not speak to today. David Strauss is right: The Supreme Court treats the Constitution like it is authorizing the court to create a common law of constitutional law, based on current concerns, not what those 18th-century guys were worrying about.

In short, let’s not let the dead bury the living.

He writes this nonsense along with what would be sheer black political comedy if it wasn’t for the Fact this Idiot is a Federal Judge.