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Monday, June 24, 2013

Could New 'Greek Yogurt' Products Do More Harm Than Good?


Could New 'Greek Yogurt' Products Do More Harm Than Good?
CBS Local
BOSTON (CBS) – The virtues of Greek yogurt quickly became well known, and grocery stores are having a hard time keeping it in stock. Now Greek yogurt is being added to a whole range of products, like cereals and dips. The problem is these products ...


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Greek PM reshuffles cabinet to overcome government crisis


Yahoo! News

Greek PM reshuffles cabinet to overcome government crisis
Reuters
ATHENS (Reuters) - Greek Prime Minister Antonis Samaras reshuffled his cabinet on Monday, aiming to bolster his government days after the smallest party in the ruling coalition quit over the closure of state TV, leaving him with a tiny majority in ...
Greek PM reshuffles cabinet, finance minister Stournaras keeps jobYahoo! News
Greek coalition splits over state network shutdown National broadcaster ERT ...Southeast European Times
Samaras Revamps Greek Coalition Cabinet to Restore ConfidenceBusinessweek
Neos Kosmos -Laredo Sun
all 42 news articles »

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Vermont Town Loses Restaurateur Zontanos

ESSEX JUNCTION, Vt. - Nicholas J. Zontanos, 78, of Essex Junction, passed away peacefully on June 18, 2013, surrounded by family. He was born in Greece on Nov. 15, 1934. Encouraged by his uncle, Papa Nick Zontanos, for whom the restaurant in Hinesburg is named, Nick emigrated from Greece to the United States in 1966. He landed in Essex Junction and started his 40-year journey in the restaurant ...

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Samaras Venizelos Plan Their New Cabinet

Greek Prime Minister Antonis Samaras (L) and his partner, PASOK Socialist leader Evangelos Venizelos are putting their heads together to form a new Cabinet on the aftermath of the closing of state broadcaster ERT and back to the economy. ATHENS - Confident he has put behind him the flap over the closing of the national broadcaster ERT - which remains off the air despite a court order to restore ...

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The Samaras Shuffle Under Way

Greek Prime Minister Antonis Samaras (L) with his new ally and former rival, PASOK leader Evangelos Venizels Prime Minister Antonis Samaras and PASOK’s Evangelos Venizelos were to meet on June 24 to discuss a shakeup in the Cabinet that will dump some of the Premier’s ministers and replace them with Socialists to reward Venizelos for backing his decision to shut down the national ...

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Greeces deputy development minister in Qatar on offical visit

Deputy Development Minister Notis Mitarakis (photo) met on Monday in Doha with the managing director of Qatar Holdings, Ahmad Mohamed Al-Sayed, as part of an offical visit to the gulf ...

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Police in Pieria arrest man 81 following fatal road accident

Police on Sunday arrested an 81-year-old man suspected of running over a 76-year-old man in Pieria, northern Greece, late on Saturday.The driver abandoned the victim, who later died from his injuries, but later turned himself in to police.He was scheduled to face a ...

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Former finance minister to testify on Thursday over Lagarde list

Former Finance Minister Giorgos Papaconstantinou is set to appear on Thursday before a parliamentary committee investigating the so-called Lagarde list of possible tax cheats.The former Socialist heavyweight is accused of tampering with the list of Greek depositors in Switzerland.The proceedings of the panel, made up of MPs, are scheduled to wrap up on July 4 before the case is passed on to the ...

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ND-PASOK gov?t may be more flexible

By Dimitris Kontogiannis The recent political developments in Greece show how fragile any governing coalition can become when faced with the task of overhauling the public sector. They also demonstrate why one should not have high expectations regarding policies aimed at rationalizing the main source of the ...

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Greece: Socialists handed key posts in new cabinet, finance minister unchanged

ATHENS, Greece - Members of Greece's minority Socialist party were handed key posts in a cabinet reshuffle Monday, following a political crisis over the decision by Prime Minister Antonis Samaras to shut state broadcaster ERT.

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Fairfax shifts attention to Greece as experts say worst is over


Fairfax shifts attention to Greece as experts say worst is over
Irish Independent
FAIRFAX Financial Holdings, which has seen its 2011 investment in Bank of Ireland rise about 50pc, is now focusing on Greece, betting that the worst has passed for the recession-battered nation.

and more »

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Greece: Socialists handed key posts in new cabinet

ATHENS, Greece (AP) — Members of Greece's minority Socialist party have been handed key posts in a cabinet reshuffle following a political crisis over the decision by Prime Minister Antonis Samaras to shut state broadcaster ERT.

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Greek bailout to cost Malta ?11 million

Malta will be paying 10.7 million over 30 in interest rates to service the loan granted to Greece in 2010, finance minister Edward Scicluna said.

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Greek Key Restaurant Ribbon Cutting

There's a new Greek Restaurant in Endicott. Town of Union and Village officials helped cut the ribbon on the Greek Key Restaurant at 113 Nanticoke Avenue. They also presented Greek Key with a business appreciation plaque. The restaurant and bar offers traditional Greek food, along with American dishes. The owners renovated the building and say they are excited to offer Greek food to the ...

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Greek PM reshuffles cabinet, finance minister Stournaras keeps job

ATHENS (Reuters) - Greek Prime Minister Antonis Samaras reshuffled his cabinet on Monday, two days after the smallest party in his ruling coalition quit the government in protest at the abrupt closure of the country's state broadcaster. Finance Minister Yannis Stournaras kept his job in the cabinet reshuffle which was announced by government spokesman Simos Kedikoglou. The head of the Socialist ...

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'Pippin' Tony winner Andrea Martin talks trapeze, 'Greek Wedding'


Newsday

'Pippin' Tony winner Andrea Martin talks trapeze, 'Greek Wedding'
Newsday
When Andrea Martin accepted her Tony Award for "Pippin" earlier this month, she bounded to the stage with all the excitement of a kid who was just told she could go to the circus. An entirely appropriate response considering that, as Pippin's grandma ...


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QA: John Stamos talks Greek yogurt, 'General Hospital,' and getting old


QA: John Stamos talks Greek yogurt, 'General Hospital,' and getting old
Fox News
TV favorite John Stamos is coming to the rescue of USA's 'Necessary Roughness' which he joined this season as Conor McClane, the mysterious founder of V3, a global sports and entertainment company. The former 'Full House' star spoke to FOX411 about ...


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N.Y. Pols Stop Olive Oil Tax Hike

WASHINGTON, D.C. -- Buy American olive oil? Fuhgeddaboudit! New York lawmakers banded together to knock off a provision of a federal farm bill that would have subjected Italian and Greek olive oil to new fees and testing -- a measure that gave their constituents a bad case of indigestion. Rep. Michael Grimm (R-SI) helped engineer a lopsided vote on the House floor to strip the proposal last week ...

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Anxious Anastasiades Blasts Bailout Deal Again

(AP Photo/Petros Karadjias) People sit at a coffee shop as on a wall reading in Greek "The people in Cyprus make revolution with frappe (coffee) in their hands," in the old city of capital Nicosia, as official decided to lift capital controls on 16 foreign banks - but not for Cypriots limited to 300 euros ($390) per day withdrawals during a lingering banking crisis. After ...

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Police in Greece searching for five fugitives

NAFPAKTOS, Greece, June 24 (UPI) -- Authorities in Greece are searching for five fugitives, three of whom escaped from a prison during a violent attack, officials said.

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YARDENI: The Interest Rate Spike Is Forcing A Correction In Stock Market Valuation Multiples

yardeni valuation

That’s quite a worry list that piled up last week. It’s remarkable that the S&P 500 didn’t fall more than 2.1% last week. And so far, it is down just 4.6% from its May 21 record high. This decline is attributable to the drop in the S&P 500’s forward P/E from 14.4 on May 21 to 13.6 on Friday. S&P 500 forward earnings is actually at a record high.

How much more downside might there be in the valuation multiple? It depends on how much higher the bond yield might go. My assessment is that it could rise up to 3%, which would probably attract lots of buyers. If so, then the P/E might retest and find support at the 13 level, which would knock another 4.4% off the stock index from Friday's close. That would make for a 9.0% correction in the market from May 21.

Today's Morning Briefing: From Pain to Gain? (1) Litany of woes. (2) Another “endgame” correction followed by another relief rally? (3) Fed follies. (4) A world of troubles in China, Greece, Brazil, Turkey, and Syria. (5) Another global credit crunch? (6) Bond yields are getting interesting. (7) Retesting P/E of 13? (8) NZIRP will outlast QE. (9) Are central banks trapped? (10) Of mice and men. (11) Fed intent on taking air out of bubbles? (12) The long good buy. (13) This time, defensive stocks underperforming. (14) No place like home. (15) “Man of Steel” (+). (More for subscribers.)

valuations

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Classical Greek Statues Revamped As GIFs


Classical Greek Statues Revamped As GIFs
PSFK
Portland-based digital artist Zach Dougherty's tumblr Hateplow features innovative animated GIFs including a recent series of ancient Greek statues, which he transforms to bring them up to date. Classical Greek Statues Revamped As GIFs. The classical ...


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Trip north for nothernmost ever Greek team in Europe


Kathimerini

Trip north for nothernmost ever Greek team in Europe
Kathimerini
Skoda Xanthi FC, that has made the Europa League qualifiers through the back door after PAS Giannina and Panathinaikos were rejected by UEFA from European competitions, will face one of Fuglafjordur from the Faroe Islands and Linfield from Northern ...


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Illegal Migrants Boat Burns off Crete

A boat carrying illegal migrants to Greece caught fire off the southern Aegean Sea island of Crete on June 23, resulting in the injury of eight persons, according to Greek Coast Guard officials. The small vessel was spotted by Coast Guard speedboats, while sailing at about 12 nautical miles off the city of Ierapetra. For yet unclear reasons, fire had broken out in its engine. According to early ...

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Manhunt continues for Trikala fugitives

Police in the prefecture of Fokida in western Greece, together with special forces and officers dispatched from other parts of the country, were on Monday continuing their search for five men believed to be armed and dangerous and who are suspected of hiding in the mountains of Nafpaktos.Three of the five suspects are fugitives from a prison in Trikala, central Greece, and the other two are ...

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Gorgeous Pictures Of Supermoon 2013

Supermoon

On Sunday, June 23, a supermoon lit up the night sky. 

A supermoon occurs when a full moon gets closest to the Earth during its orbit. 

There are several supermoons each year, but the latest supermoon is the biggest and brightest of 2013. It marks the closest encounter between the Earth and moon until August 2014.

The June supermoon was 14% larger and 30% brighter than a typical full moon is, says NASA.

Here's what the giant, glowing moon looked like in pictures from around the world. 

If you snapped photos of the supermoon, send them to dspector@businessinsider.com and we'll share them here. 

The supermoon rises over the temple of Poseidon, the ancient Greek god of the seas, in Cape Sounion, Greece.



The supermoon seen over the temple of Poseidon later after sunset.



Here's an even closer view of the supermoon seen over the temple of Poseidon.



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