Greece Outside In: 08/06/15

Thursday, August 6, 2015

Greek bank stocks soar 17.78 percent

Bank stocks led a much-needed Greek bourse rebound on Thursday, making up some of the ground lost in the first three sessions since the market ...

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European Commission Says Greek Deal Possible Before Aug 20

“What President Juncker himself said yesterday in an interview remains valid that the negotiations with the Greek authorities are 'progressing in a ...

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Greece paid interests due today to the IMF

FXStreet (Córdoba) - The International Monetary Fund said Greece paid interest payments that were due to IMF today, Bloomberg reports.

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Viewpoint: Keep New Mexico from being the Greece of North America

Despite (or perhaps because of) the latest bailout, Greece remains deeply-troubled. The crisis has manifested itself due to Europe's single currency, ...

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In the Shadow of Netanyahu's Residence, Women Fast for Peace

Jewish and Palestinian women have begun a joint series of twenty-five-hour and fifty-hour to persuade political leaders to find a nonviolent solution to the Israeli-Palestinian conflict. Citing Liberia and Lysistrata, the organizers of WomenWagePeace.org.il reached a breaking point during last summer's war in Gaza. The murder of three American teens at the hands of Palestinians, along with a retributory killing by Israeli Jews of a Palestinian boy, set in motion Operation Protective Edge, which led to thousands of deaths. They call their mission Operation Protective Fast, a sly rebuttal to the military operation of the previous summer. "What we want first and foremost is an end to the process of killing and being killed," Noa Vos, a psychologist working in the low income Bat Yam neighborhood of Tel Aviv, said. "Everything else follows from that. The first thing we want to do is stop the killings." The women have been gathering in an open-air tent outside the Jerusalem residence of Israeli Prime Minister Binyamin Netanyahu, inviting motorists and passersby to sit in their circle and talk about waging peace. "We know the prime minister has seen us," said Dorothy Kertesz, a member of the group who lives nearby and hosts fasting women from outside Jerusalem. "We've seen him go by in his car in the mornings, but he hasn't stopped to talk with us." Many in Israel doubt the effectiveness of a group of women seeking a peace accord where men have failed for decades. All it takes, they say, is an extremist on either side to destroy any hope for peace. Nevertheless, the women of Women Wage Peace point to history, both recent and ancient, to bolster their cause. "In Liberia fifteen years ago," another woman said, "there was a war in which adolescents were killing and raping. "One woman from one of the tribes reached out to a woman in the opposing tribe. Their talking led to a larger and larger group of women taking part in discussions, and eventually a peace settlement was achieved. "If they can do that in Liberia, surely we can do the same thing here." The women also cite the ancient Greek comedy Lysistrata, in which women on opposing sides of a similarly never-ending war committed to stop having sex with their men until they agreed to stop fighting. Their Priapistic agony made for great entertainment back in the day of Aristophanes, although they haven't yet tried this tactic, the leaders say. A visitor last week to the tent was Dr. Izzeldin Abuelaish, a Harvard-trained Egyptian doctor who was born in a Gaza refugee camp and who lost three daughters, with a fourth suffering serious injury, during the recent Gaza war. Doctor Abuelaish offered the women his support and spoke very encouragingly of their efforts to create a new model of negotiation, which would actually include the voices of women and not just male politicians who have been dominating war counsels for decades. Currently, with the focus on the proposed Iran accord, there are no Israeli-Palestinian peace talks taking place. Instead, politicians and journalists today discuss the concept of "containing the conflict." In the absence of the true statesmanship required to resolve matters, the best that can be hoped for, under this model, is limiting the eventual flare-ups that lead to war. For the women who wage peace, containment is inadequate. "This is not why we worked so hard to create a Jewish state," said another woman. "You have no idea what it's like to be a mother in this country. If the men can't establish peace, then we should be at the table. It's time our voices were heard." -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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Through Your Lens: 10 Rainbows From Around The World To Bring A Smile To Your Week

The WorldPost's "Through Your Lens" series brings you mesmerizing photos taken by social media users in different countries around the world every week. Rainbows have long evoked a sense of mystery and wonder in popular culture. An Irish legend holds that the rainbow's end is where leprechauns hide their pot of gold. In Armenian mythology, it is considered the belt of the god Tir. The rainbow has also been the symbol of hope and social change -- both the LGBT movement and post-apartheid democratic South Africa use rainbow flags. And, after seeing these gorgeous photos, we can see why. From Switzerland to Myanmar to Costa Rica, anyone and everyone can enjoy nature's gift of color, no matter what climate or hemisphere they may be in. A photo posted by Hannah Coe (@coe_face) on Aug 4, 2015 at 10:15am PDT Nafplio, Greece A photo posted by Denmark (@catchmeif.u.can) on Jul 30, 2015 at 10:50am PDT Maligne Lake, Jasper, Alberta, Canada A photo posted by @hauswalserberge on Aug 4, 2015 at 10:40am PDT Mittelberg, Austria A photo posted by Emma Anglesea (@fraggleroxx) on Aug 5, 2015 at 6:11am PDT Mansfield, Victoria, Australia A photo posted by P. Fabrizio (@fbazzoni79) on Aug 4, 2015 at 10:40am PDT St. Moritz, Switzerland A photo posted by Thant Sin (@thant_sin) on Aug 5, 2015 at 6:19am PDT Yangon, Myanmar A photo posted by Mary Hill Amason (@mhamason) on Aug 4, 2015 at 10:15am PDT Moteverde, Costa Rica A photo posted by Mirjana Puhalo (@mspuhalo) on Aug 4, 2015 at 9:33am PDT Njivice, Montenegro A photo posted by Leather Heart (@lorelei_leather) on Aug 5, 2015 at 8:37am PDT Russia A photo posted by Vaughan Yabsley (@vyabsley) on Aug 1, 2015 at 4:02am PDT Belfast, Ireland Check out the WorldPost on Instagram for more vibrant photography and tag your Twitter and Instagram photos with #WorldPostGram so we can feature them in our next post. Related on HuffPost: -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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Western Sanctions

Co-authored by William Witenberg a contemporary artist focused on abstract painting Russia's transition, in the first half of 2015, to pronounced stagflation - a combination of economic downturn and ultra-high inflation is a result of a lower ruble and declining oil prices. In the first quarter of this year, the economic downturn in Russia amounted to 2.2% year over year, industrial production fell by 5.5% . Retail trade turnover at the end of May decreased by 9.2%, export decreased by 33.9%, imports decreased by 40.8%, and real wages declined by 7.3%. The total number of unemployed in May of this year was 13.5% higher than in May of 2014. This May consumer prices were 15.8% higher than last year. As of June 22, inflation since the beginning of the year was a disturbing 8.5%. In the fight against drastically high inflation the government resorted to tight monetary policy. This makes it difficult to service the debt of banks in the country. After my recent visit to Russia I came back with a feeling that the country is going back to pre-industrial revolution primarily as a result of highly unpredictable currency rate. Since the ruble is so volatile long-term contracts cannot be sustained, and people cannot be assured they are paid adequately for the work they do. Hence, a lot of firms pay their employees with the goods produced, which in turn are being distributed and exchanged between peers. The barter of goods and services is also going on between businesses. Russia, with deep stagflation in the first half of the year has justified the worst expectations of foreign investors concerned about the prospects of developing countries. In September 2013, Morgan Stanley came up with the concept of "Fragile Five" developing countries, which includes Brazil, India, Indonesia, South Africa and Turkey. It was understood that a combination of high inflation and current account deficits resulted in these countries exports becoming too expensive, and currencies evaluating. In Indonesia, South Africa, Brazil and Turkey by the end of 2014 the exchange rate actually fell by about 5%; in India, on the contrary, increased by 10%. However, the leader of the fall was not the member of the "Five" - Russia, which just has a current account surplus. Brazil, India, Indonesia, South Africa, Turkey and Russia combined unusually high by Western standards inflation, and budget deficits. However, all these countries, unlike the industrialized countries have quite high economic growth, apart from Brazil and Russia. In the eyes of foreign investors, Brazil and Russia looked in early 2015 worse than the others. Price of the real, and the ruble reached historic lows. Both countries suffered from the fall in world oil prices, especially Russia, the world's second largest exporter. During the first six months of 2015 the dollar versus the Russian currency market has decreased by 0.8%, the euro was down 9.8%. In the second quarter the dollar fell by 3%, the euro rose by 0.5%. In the second half of the year the ruble will suffer from relatively low oil prices, the nervousness of the global foreign exchange market in connection with the events in Greece, the expectations that the US Federal Reserve will raise interest rate, and potential oil exports from Iran which will lower oil prices even further. With regard to all these circumstances the dollar in the second half of the year will be higher than 50 rubles. In the second half of 2015 inflation has shown some signs of stabilization, but already almost two times higher than last year, so that prices since the beginning of the year will be likely to grow by more than 11%. All of these factors assure that the second half of 2015 will be continue being a difficult period of stagflation in Russia. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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America's biggest companies can't stop worrying about these 9 things

There are lot of things to worry about right now: Greece, China, plunging oil — the list goes on. But not all of those concerns weigh equally for major companies. In order to determine which were the most pressing issues, FactSet analysts searched the Q2 conference call transcripts of nearly 90% of the S&P 500 companies to see how many companies discussed all of these factors. The most cited term this time around was "currency," which was mentioned by 56% of the firms examined. In second place was "Europe," at 53% of the companies, followed in third by "China" at 44%. But although these were the most often cited this time around, that's not the whole story. Several factors saw incredible increases compared to last year, even though they didn't make it into the top three. "[I]t is interesting to note that the term that recorded the largest percentage increase in citations compared to last year (of the specific terms searched) was 'Greece' at 388% (39 versus 8)," writes FactSet's John Butters. "The term that saw the second largest percentage increase in citations compared to last year was 'oil' at 48%." Check out what everyone's worried about this quarter below: SEE ALSO: US courts are cracking down on the 'OPEC of Potatoes' and other food conglomerates Join the conversation about this story »

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Acropolis Visitors Get Wi-Fi Access

The ancient Athenian site just got an important contemporary update to its environment. Professors, researchers and students of educational institutions around the world will now have access to the internet upon their visits to the Acropolis. The new option is available thanks to a global roaming access service for members of educational institutions called Eduroam. The Greek Research and Technology

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Tsipras and Hollande want bailout agreed after August 15

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Thursday that a new bailout for Greece could and should be agreed soon after August 15. The two men were speaking in Egypt on the sidelines of a ceremony to inaugurate the New Suez Canal, the Greek prime minister's office in Athens said.

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Egypt Impressively Inaugurates Suez Canal Expansion- Greek PM Present at Ceremony

The Suez Canal expansion was inaugurated with a lavish ceremony and the presence of various world leaders. Dressed in a military uniform, Egyptian President Abdel Fattah el-Sisi sailed in the El-Mahorusa, the same yacht that the then French Empress Eugenie, Napoleon Bonaparte’s wife, sailed in to inaugurate the first Suez Canal back in 1869. Among those present was Greek Prime Minister Alexis Tsipras,

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Large Wildfire Breaks Out on Greek Island of Corfu

A large wildfire broke out on the Greek island of Corfu around noon, near Myrtiotissa beach and the operation to extinguish the fire is still underway. According to local media, the Corfu Fire Department chief stated that authorities have not yet identified what caused the fire to break out and spread so quickly around central

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Greek unemployment drops to 25 percent in May

Greece's jobless rate fell to 25 percent in May from 25.6 percent rate in the previous month, statistics agency ELSTAT said on Thursday. The reading in ...

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IMF Will Not Participate in Greece's Bailout Until Autumn

TSIPRAS-BOULH04-06JUNE2015 The International Monetary Fund is in favor of the idea of participating in Greece's bailout, however the decision ...

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Stocks in Greece Rebound From 2012 Low as Selloff in Banks Stops

National Bank of Greece SA jumped 27 percent, following a 62 percent tumble in three days. Attica Bank SA and Eurobank Ergasias SA climbed more ...

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Greek unemployment rate inches lower in May

Greek unemployment inched marginally lower in May, retreating for a second straight month, but remaining at record highs under the weight of the ...

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Bail-out hopes send Greece's battered markets back in the green

Greece's beleaguered stock markets … , with the National Bank of Greece enjoying a 27pc jump. The …

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Greek Aid Accord Is Possible Before Aug. 20 Deadline, EU Says

Progress in reaching a deal has been made in areas including tax reform, public administration, how Greek authorities work with the creditor ...

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Greek stock market reopens to huge losses after five-week shutdown, hopes to recover with ...

Eurozone leaders have reportedly made an 'agreement' on the Greek debt crisis in Brussels. After lengthy talks EU President Donald Tusk tweeted ...

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Wolfgang Schauble: Adored and hated (pics+vids)

Schauble: Germans adore him, Greeks hate him

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Refugees cheer, pray, embrace strangers as they reach Greece

LESBOS, Greece (Reuters) - The man in a red and white checked shirt gingerly waded through the water holding an infant. Seconds after shrugging ...

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Greek bank shares bounce back after three days of heavy losses

Greece's banking stocks have rebounded after a three-day rout that wiped 63% from their market value. The banking index was 17.8% higher with all of its constituent stocks closing with gains. They were led by a 27.4% jump in National Bank, Greece's largest ...

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How Greece can prosper

#economy

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Here's what companies are stressing over

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BlackRock betting big data can help revive its active equity funds

By Jessica ToonkelNEW YORK (Reuters) - BlackRock Inc CEO Larry Fink is betting that a trillion points of data can help revive his firm's ailing stock-picking business.Even though BlackRock replaced many of its fundamental active equity managers over the past few years, a number of the firm's stock-picking funds are underperforming. Investors have pulled $7.5 billion from the funds over the past year, according to Morningstar.To address this, the world's largest asset manager is taking the secret data sauce of its team of quantitative managers, academics and data engineers and feeding it to all of its portfolio managers, including its fundamental active equity team.The goal: to arm its portfolio managers with data to give them an analytical advantage. The information ranges from satellite images of cars in retailer parking lots to shipping trends to word search analytics in company earnings calls.While big data has long been the domain of quants and hedge fund managers, it is unusual for fundamental stock-pickers - who tend to use analyst reports, earnings figures and their own research - to rely on such wide ranging data.If BlackRock succeeds, it could enable its stock-pickers to see market opportunities ahead of the competition. The challenge will be in getting these managers to understand what all the data means, said Ken Kam, CEO and founder of Marketocracy, a data-dependent online investment advisor."It will be a steep learning curve for them," Kam said. "That is not to say there isn't an opportunity, but it's a whole other ball game."Fink, for one, is optimistic."We believe that if we can get insight through data, it will give us a differentiated advantage," Fink told Reuters in an interview in July.While performance has improved over the past year, only 22 percent of the group's fundamental active equity mutual funds returned among the top quartile of their peers for the 12 months, up from 8 percent for the past five years, according to Morningstar.By its own account, BlackRock stock-picking funds have already started to turn around.Seventy-eight percent of its portfolios, including institutional accounts, have outperformed their peers or benchmarks over the past year, while 61 percent have over the past five years, according to the firm. Institutional performance isn't publicly reported.The push to share big data with these managers is intended to give these funds an additional boost, a spokesman said.To be sure, BlackRock could flood its managers with data and still not win assets in an era when investors increasingly choose the indexed investing that BlackRock is most known for. Nor is there a guarantee that more data will boost performance, said Jason Kephart, an analyst at Morningstar.For example, BlackRock's own Emerging Markets Long Short Equity Fund , run by the scientific active equity team, struggled in the first half of 2014 partially because it had short positions in Brazilian stocks when the country's market rallied after the presidential elections.The fund underperformed its benchmark, the Bank of America Merrill Lynch U.S Treasury Bill 3 Month Index, by 1.2 percent, in the first half of 2014, according to Morningstar.Still, with fixed income investments likely to lose favor with investors in coming months if the Federal Reserve, as expected, raises interest rates, it is increasingly important for bond-heavy BlackRock's active equity funds to shine, analysts say.That's particularly true because the firm's active equity business has the potential to generate bigger profits for the firm. Currently, it makes up about 6 percent of the firm's assets under management, but it delivered 15 percent of its revenue in the second quarter.Last quarter, the average fee BlackRock charged institutional clients for its active equity strategies is 0.60 percent, compared to 0.05 percent for the passive strategies for which it is better known, according to Mac Sykes, an analyst at Gabelli.For analysts, the fundamental active equity performance is the only thing holding back BlackRock's stock from going even higher. The stock trades at about $335 a share."For me the next big leg up in their stock is if they can improve active equity," said Luke Montgomery, a Sanford Bernstein analyst. "They have industry leading flows, but the story so far has been about their ETFs and fixed income business."NOWCASTINGOne goal within the next 12 months for BlackRock is "nowcasting" - using data and satellite imagery that could show how real-time forces are affecting portfolios, such as how many cars are in the parking lots of Wal-Mart Stores across the country.While a quant manager might look at that piece of data to determine how much U.S. consumers are spending, a stock-picker could use it to grill Wal-Mart executives about sales, said Ken Kroner, head of multi-asset strategies and head and chief investment officer of the scientific active equity group.The difficulty is determining what data is relevant and what is noise, Kam said. "It's going to be a little like drinking water out of a fire hose," he said.ACTIVE 2.0BlackRock has assembled a working group of portfolio managers drawn from its quantitative scientific active group, its fundamental stock-pickers and its fixed income managers, to figure out how "big data" can help managers across the firm, Kroner said.Its first project is an internal Web site where BlackRock's portfolio managers can search a word, company name or phrase and receive thousands of data bits, including earnings calls; analyst reports; word search analytics, video and audio clips.For instance, by combing through BlackRock's data hub, managers discovered that the number of times that executives mentioned the word "Greece" in their earnings calls last quarter was the lowest since 2012.That data allowed BlackRock managers to discount the potential risk of Greece leaving the European Union while other investors were selling shares on daily worries about a possible "Grexit," Kroner said.Data like this adds another layer to traditional stockpicking, creating an approach that some say could be "Active 2.0."Kroner knows the push into big data is not a panacea for active equity."Active management will always be at its core about the understanding of fundamentals, earnings growth rates and the like," Kroner said. "But big data does sure give us an edge over our competitors."(Reporting By Jessica Toonkel; editing by David Gaffen, Linda Stern and John Pickering)Join the conversation about this story »

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Strict order

EVERY summer, southern Europe’s tourist spots look forward to the arrival of planeloads of Germans on holiday. But this year encounters between Germans and their hosts have become loaded. In Knossos, in Crete, Giorgios Papadopoulos, a tour guide, interrupts his explanation of Minoan matriarchy to ask a visitor from Berlin about the relationship between Germany’s finance minister and its chancellor: "What’s up between Schäuble and Merkel?” Like many Europeans after July’s bitter bail-out negotiations over Greece, he has become intrigued by the internal workings of a country he sees as trying to “dominate” the European Union. To Germans such outside fascination with their domestic politics is new, and it makes them uncomfortable. America, as a superpower, may be used to foreign scrutiny. But the rise of “Berlinology” frightens Germans. They have no appetite for becoming Europe’s “leader” (the German word is Führer). Given their past, Germans do not want to seem domineering. Yet they often do. The anxiety stems from a summit on July 13th, when Germany led euro-zone countries in forcing Greece to accept tougher...

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Learning from the Jungle

Crashing Britain’s gates A TINY African girl breaks into a jig as an Arabic pop song gives way to the cheerful soul of Pharrell Williams’s “Happy”, scourge of parents everywhere. It is an incongruous sound for the Jungle, a squalid migrant camp on the outskirts of Calais. But the Jungle is an incongruous place: a shanty-town of thousands of the earth’s wretched, assembled with the tacit approval of local authorities in one of the richest parts of the planet. “You’re telling me this is Europe?” says a frustrated Syrian teenager, gesturing at the filth before him. Along with most of the Jungle’s inhabitants, he has his eyes on Britain, across the English Channel. A recent spike in the number of migrants in Calais attempting to clamber onto trains or lorries bound for Britain has spooked politicians on both sides of the water. Fences have been erected and extra police dispatched. A dozen migrants have died attempting to make the crossing since June. For some, Calais is a microcosm of the migration crisis that has erupted across Europe this year, from Greek islands to Hungary’s border with Serbia. (In the latest disaster,...

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European ADRs Trading Marginally Lower Despite Surge in National Bank of Greece Shares

Gainers in Continental Europe were led by National Bank of Greece (NBG), up 13.9% four days after the Greek Stock Exchange re-opened following a ...

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Catholic Church Pitches In to Relieve Families in Cash-Strapped Greece

ATHENS, Greece — As Greece's financial and political situation reaches a fever pitch in complexity, Caritas has stepped up and is offering help to the ...

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Greek stockmarket re-opens – and crashes

The Greek stockmarket, closed when the latest crisis came to a head in late June, re-opened last Monday – and promptly plunged. It closed 16% down ...

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Greece's tax revenues collapse as debt crisis continues

As talks continue over proposed €86bn third bailout, Greek treasury says tax revenues fell 8.5% in a year, and public spending fell 12.3%Fresh evidence of the dramatic impact of the Greek debt crisis on the health of the country’s finances has emerged with official figures showing tax revenues collapsing.As talks continued over a proposed €86bn third bailout of the stricken state, the Greek treasury said tax revenues were 8.5% lower in the first six months of 2015 than the same period a year earlier. The bank shutdown that brought much economic activity to a halt began on 28 June. Related: After the Greek crisis, it's time for a new deal on debt Continue reading...

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UPDATE: Greeks Live from the White House

WASHINGTON, DC – On Thursday, Aug. 6, senior officials of the Obama Administration invited Diaspora leaders to meet at the White House to discuss the crisis in Greece. TNH Senior Writer Dean Sirigos reported live from the scene: All the participants were looking forward to what the Obama Admnistration was going to say. The National […] The post UPDATE: Greeks Live from the White House appeared first on The National Herald.

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Greek banks snap three day losing streak

… .4% jump in National Bank, Greece's largest lender. The … performance by its foreign operations. Greece's banks need to … a haircut on large depositors, Greece's finance minister said …

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Alexis Tsipras attends the inauguration of the new Suez Canal

Athens, August 6, 2015/ Independent Balkan News Agency By Spiros Sideris Greek Prime Minister Alexis Tsipras attended the inauguration of the new Suez Canal, at the invitation of Egyptian President General Abdel Fattah al-Sisi during the tripartite meeting of Greece Cyprus Egypt in Nicosia, last April. The new Canal has a length of 45 nautical […]

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Greek Government Denies Greek PM Interview to German Newspaper

Tsipras On Thursday afternoon, the Greek government said that a supposed interview that Greek Prime Minister Alexis Tsipras gave to German ...

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Greek unemployment in May was the lowest it's been in nearly three years

Greek unemployment hit 25% in May, according to the Hellenic Statistics Authority (pdf). As hard as it might be to believe, that qualified as a bit of good ...

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New York Times: Shame on Europe for not helping Greece on refugee crisis

Britain fears a mere 3,000 immigrants tossing the Channel

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Greece hit as Russian tourists stay at home

Greece is one country that will likely feel the pinch, as it is a favourite holiday destination for Russian travelers, travel analyst at Euromonitor, Wouter ...

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Over 280000 people apply for EU-backed food aid in Greece

More than 280,000 people have applied for assistance through the Fund for European Aid to the Most Deprived (FEAD) in Greece, the state-run ...

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What's Next for Greece?

There is no respite for Greece. July was a most dramatic month: Greeks rejected the terms of a new bailout, then the government signed off on a new ...

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Greek shares stabilize as unemployment drops

Greek stocks have made a tentative comeback after a three-day rout that especially saw the country's ailing banks lose more than half their value.

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Greek creditors see progress in bailout talks, say deal is possible by Aug 20

The European Union's executive Commission says talks with Greece for a new bailout deal are making "satisfactory progress," with a deal possible in the next two weeks.

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Greek Marathon Suffers Heavy Blow Due to Crisis

Greece’s financial crisis has led to several cuts in various sectors. Now, the country’s financial turmoil has delivered another heavy blow, this time affecting the famous November Marathon run, an ancient Greek tradition that takes place in Athens every year. On Tuesday, August 4, the Athens Marathon organizers announced that the event would not be

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Facebook Campaign for Censure Motion Against Greek House Speaker Konstantopoulou

Parliament President Zoe Konstantopoulou has often been ridiculed in social media for her pompous talk and authoritarian behavior, inside and outside the House. However, her stance to go against Prime Minister Alexis Tsipras in signing Greece’s bailout agreement and her insistence that the country should default has received severe criticism, even from several cabinet members.

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Thursday, August 6, 2015