Greek Loan Would Violate IMF Charter | Swaminathan S. Anklesaria Aiyar | Cato Institute: Commentary

Greek Loan Would Violate IMF Charter | Swaminathan S. Anklesaria Aiyar | Cato Institute: Commentary: "The articles of association of the IMF state clearly its aim to provide loans for balance of payments support. Greece has a huge fiscal need but no balance of payments need. Greek importers can get all the euros they wants from Greek banks, which get euros from the European Central Bank. The IMF is by definition a monetary authority, and Greece has no monetary issues — it surrendered its monetary powers to the ECB Bank on joining the eurozone. Some eurozone countries have fiscal crises, but these are Europe's problem, not the IMF's."

Ron Johnson receives GOP backing in U.S. Senate race | Hudson Star-Observer | Hudson, Wisconsin

Ron Johnson receives GOP backing in U.S. Senate race | Hudson Star-Observer | Hudson, Wisconsin: "Ron Johnson said he went into the Republican state convention hoping that the delegates would not endorse anyone – and he’s surprised they endorsed him for the U.S. Senate.

Johnson got 64 percent of the final vote Sunday over Madison developer Terrence Wall and Watertown businessman Dave Westlake.

Former state Commerce Secretary Dick Leinenkugel withdrew, saying a bitter primary would result in the re-election of incumbent Democrat Russ Feingold."

Certainly surprising!