He has launched a web site and a 300-word presentation backing his view, but it seems like after digesting it the market is not very impressed.

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The channel was pierced in after hours trading and it exploded into the 36 area before backing off.

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Popular says Banco Bilbao made a failed bid for it (Popular won't say when), backing off after being rebuffed.

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My thought was to help that momentum, by backing and then announcing that backing right after the end of my Kick-a-thon segment to tie it all together.

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It was a year after the dollar had been detached from its gold backing and, as Leo Melamed, the Merc's then chairman, was quick to see, a floating dollar meant multiple uncertainties that businessmen would want to hedge.

ECONOMIST: Well, up to a point

He said she would be most remembered for two events: publishing the Pentagon Papers in 1971 even after the New York Times was told it couldn't, and for hiring Bradlee and backing him up during the Watergate scandal.

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However, the governors themselves are now coming under attack, after it emerged that they did not examine the veracity of Mr Gilligan's report before backing him, but merely whether general reporting guidelines had been followed.

ECONOMIST: The battles back home | The