Sense on Cents

It’s a mad, mad, mad, mad world.

While Bloomberg offers, Obama Urges New Efforts to Cut World’s Nuclear Arms,  

Kim Jong-Il responds: The leader of North Korea Launches Rocket, Prompting Condemnation. 

Meanwhile the Financial Times reports, U.S. May Cede to Iran’s Nuclear Ambitions.  Accessing the Financial Times online is a subscription service, so just in case you can’t get to it I have included the article here in its entirety:

US officials are considering whether to accept Iran’s pursuit of uranium enrichment, which has been outlawed by the United Nations and remains at the heart of fears that Iran is seeking nuclear weapons capability.

As part of a policy review commissioned by President Barack Obama, diplomats are discussing whether the US will eventually have to accept Iran’s insistence on carrying out the process, which can produce both nuclear fuel and weapons- grade material.

“There’s a fundamental impasse between the western demand for no enrichment and the Iranian dem and to continue enrichment,” says Mark Fitzpat rick, a former state depart – ment expert now at the International Institute for Strategic Studies. “There’s no obvious compromise bet­ween those two positions.” (more…)