Four members of the Oxford University Conservative Association have resigned over anti-Semitism and snobbery.

The four senior members said they were quitting the assocation after members sang a song with a Nazi theme during an evening meeting billed as “port and policy,” the Telegraph reported.

Student members of the club are facing disciplinary action by the university and the Conservative Party. Both have launched investigations into the incident, according to the newspaper.

Two prime ministers and 13 Cabinet ministers are among the club’s alumni.

The members reportedly sang a song that begins with the line “Dashing through the Reich … killing lots of kike.”

The club has faced accusations of racism in the past. In 2000, four members were expelled for making Nazi salutes.

(Source: JTA)

After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.

That may foreshadow a gloomy holiday season in markets, especially if wary investors opt to reduce risk in their portfolios and take refuge in U.S. Treasuries and the dollar.

Just weeks after it seemed leaders had drafted a master plan to solve the crisis, doubts rose about whether Greece would back a 130 billion-euro bailout.

Disaster may have been averted when Greece, under fierce EU pressure, agreed over the weekend to form a new government that would approve the deal and stave off bankruptcy.

But that did little to calm investors, who were already looking ahead to the next problem: Italy. Italian bond yields hit a euro-era high of 6.4 percent Friday, raising fears the country may soon need a Greece-style emergency bailout.

The Greek agreement “may spark a brief relief rally,” said Alan Ruskin, head of global G10 currency strategy at Deutsche Bank. “But it won’t last and we will soon go back to focusing on Italy.”

“At the end of the day, it does seem like a grand plan is elusive at best,” said David Ader, head of government bond strategy at CRT Capital Group in Stamford, Connecticut.

“We’ve seen one European bank and one U.S. brokerage fail. We know there are strains for French banks. We’re wondering how long it will be before Greek default worries spread to Italy and Spain,” he said. “In a situation like that, money managers are going to decide to simply take their risk down.”

(Source: Reuters vis Yahoo!)

The first official recall petition against Wisconsin Gov. Scott Walker was filed Friday, kicking off a period of unlimited campaign fundraising that was originally expected to begin Nov. 15.

According to the Milwaukee-Wisconsin Journal Sentinel, David Brandt — a supporter of Walker — filed the petition in order to give the governor an extra week and a half to raise unlimited campaign contributions. Walker’s ability to raise funds without the binds of the state’s $10,000 donation limit for individuals comes thanks to a loophole in Wisconsin election law that lifts the limit for targets of recall elections.

Brandt — who along with Bettie Brandt has given Walker a total of $238 since September 2010, according to the Wisconsin State Journal –  filed the petition with the state’s Government Accountability Board under the committee name “Close Friends to Recall Walker.” Brandt wrote in the petition that he was registering the recall committee to “fulfill my friend’s last request,” and noted that he would not raise or spend more than $1,000 in his recall effort.

The official recall petition complicates matters for those leading the more serious recall effort against Walker. Organizers of the effort will have 60 days starting Nov. 15 to gather, on a separate petition, the more than 540,000 signatures required to bring on a recall election. Until an election is authorized, Walker may continue to fundraise without limits.

While the official recall campaign is just beginning, anti-Walker sentiment has been present in Wisconsin since he took office in January 2011. His controversial anti-union law, which stripped public employees of their collective bargaining rights, sparked a wave of recall elections in which six Republican state senators were challenged and two lost their seats.

Most recently, Walker was targeted by protesters involved with the Occupy Wall Street movement. Chicago protesters crashed a breakfast event where Walker was speaking on public policy, chanting “union busting, it’s disgusting” and “we are the 99 percent” during his remarks.

(Source: Huff Post)

A young woman referred to as “Ashley” by Occupy protesters died on Saturday of a reported heroin overdose in a tent at Occupy Vancouver, only three days after a young man overdosed at the site.

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