Markets are falling across the board. US futures are down modestly. Europe is down (Italy off 1%, Germany down 0.2%, Spain down 0.6%, France down 0.3%). This all follows a brutal session in Japan where the Nikkei...

Stephenson Clarke, the British shipping company, has been around since 1730 when George II was king. Sadly, they are now in liquidation and shutting down for good. Here’s part of their statement via Reuters: “While previous economic...