This tropical Irish Channel Greek revival has seen a series of price cuts since it hit the market in June. It was listed at $579,900, and after at third price ...
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| READ THE ORIGINAL POST AT nola.curbed.com |
How the world sees Greece
Tuesday, August 25, 2015
Irish Channel Greek Revival Asking $519.9K After 3rd Price Cut
Events for August full moon throughout Greece
Acropolis and Cape Sounion again at the forefront of what's turned into an annual rite
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The single most important risk to stock market investors
It may sound obvious. But when you invest in stocks, you're at risk of getting wiped out. That really is the single most important risk to investors. Even when you think you're well-diversified, you could see the value of your investments quickly plunge or perhaps slowly bleed 90% of its value over years as the Greek stock market did during the eurozone crisis. Citi's Jonathan Stubbs addresses this in a recent research note about asset allocation. He included a chart highlighting some of the ugliest maximum drawdowns of in the global stock market. "Figure 45 shows various markets and industries which have suffered severe losses in relatively short order in recent decades, e.g., the UK (1972-74), the Nasdaq (2000-03), Greece (2008-12) and Mining (2008-09)," he writes. "Hence, buyer beware." Because many of these stocks are of companies that don't go bankrupt, the losses are just paper losses that you don't realize until you sell. If you have a long investment time horizon, you might think it wise to wait for the value to come back. However, an investor must be willing to be extraordinarily patient if he hopes to recoup his losses. "It can sometimes take many years for investors to make their money back after suffering big losses," Stubbs writes. "For example, US equities only made it back to the peak 1929 total return levels in 1945, more than 15 years after the Great Crash. Kenji Abe, Citi’s Japanese strategist, highlights that Japanese equities are still a long way short of end-1989 peak levels." These are all things investors need to consider very carefully before they commit their life savings to the stock market.SEE ALSO: This Crazy Chart Perfectly Illustrates Why You Should Never Expect 'Average' Returns Join the conversation about this story » NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Migrant Voyage through Greece Now Reaches Hungary
UBOTICA, SERBIA — Thousands of migrants, many from Syria, poured into Hungary on Tuesday as soldiers frantically tried to finish a border fence to keep them out — the latest flashpoint as Europe struggles to handle a torrent of asylum seekers. The rush over the border by migrants fleeing war and poverty in the Middle […] The post Migrant Voyage through Greece Now Reaches Hungary appeared first on The National Herald.
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Tropical blue waters, traditional Greek culture and delicious local cuisine: top 10 reasons to visit ...
Located in the heart of the Greek region of Messinia, in the southwest Peloponnese, lies the stunning Costa Navarino. Jam-packed with local traditions ...
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| READ THE ORIGINAL POST AT www.hellomagazine.com |
6 Things You Didn’t Know About Bees in Greece
… in Greece. “Honey Is Offered To All Gods” Apiculture in Greece dates … liquid flows in abundance in Greece. All Greek honey is, by default … trees across the nation, from Crete to Rhodes to Attica and …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek Artist Demolishes His Own Work to Avoid Bizarre Government Fine
A statue of a mermaid by Greek artist Dionysis Karipidis, which was created in 1997 on the Portokali beach in Chalkidiki, Greece, has been destroyed ...
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| READ THE ORIGINAL POST AT news.artnet.com |
Archaeologists unearth ancient Greek palace near Sparta
Athens (AFP) - Archaeologists in Greece have discovered the ruins of an ancient palace with important archaic inscriptions dating back to the ...
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The End of SYRIZA As We Know It
There is a 1962 Cold War film called “The Manchurian Candidate” in which a former Korean War POW is brainwashed by Communists into becoming a political assassin. The Alexis Tsipras who came back from Brussels on July 13 after signing Greece’s third, and most harsh, bailout agreement bears a big resemblance to the film’s brainwashed character. Because
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Greek Farmers to Begin Demonstrations in Mid-September
With Greece’s third bailout deal officially in effect, Greek farmers are planning to express their grief on taxation and social security changes, starting on September 16. The members of the Panhellenic Coordinating Committee of Farmers, which is an umbrella organization of various farming associations and includes approximately 20,000 people, intend to publicly demonstrate their frustration on September 16. “From September 16 onward, everyone from
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Social Security Funds Take Loans to Meet Obligations
While the third Greek bailout is now law of the land in Greece, the country’s social security funds seem to be struggling to stay afloat. Greece’s Social Security Institute (IKA) had made a request for a 180-million-euro loan to the Generational Solidarity Insurance Fund (AKAGE). In August, IKA received a 110-million-euro loan. 70 million will be used by IKA’s Social
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Economic Prosecutor Seeks to Strip Immunity of Greek Parliament VP
Greek Parliament Vice President Alexis Mitropoulos is being accused of money laundering and tax evasion. On Tuesday, Greek Economic Prosecutor Ioannis Dragatsis formally asked Greece’s Supreme Court to submit a request to the parliament asking that Mitropoulos be stripped of his parliamentary immunity so that he can be formally charged with the crimes. Mitropoulos, who is a lawyer, is being accused
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Germany Made €100 Billion Profit on Greek crisis Says German Economic Think Tank in Report
Greece's biggest creditor Germany has made a huge profit on the country's debt crisis over the last 5 years as it saved through lower interest payments ...
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Glorious Greece: Historians' Fascination and Lord Byron's Obsession
Byron's life began in England in 1788 and ended in his beloved Greece in 1824. His span was short – but he crammed many lifetimes into it and, ...
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Greek main opposition leader calls for meeting of political leaders
#politics
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Prosecutor seeks probe into Greek deputy parliamentary speaker's finances
#politics
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Glimpse of the future
Two migrant children peer between police officers at the Macedonian-Greek border near the town of Gevgelija on Tuesday. More than 1,500 mostly Syrian refugees, trapped in a no-man’s land for three days, entered Macedonia from Greece, after police allowed them to pass despite earlier trying to hold back the crowd using stun grenades. Photo: AFP
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Syriza plans programme to ease 'negative' impact of Greek bailout
Greece's ruling radical left Syriza party is preparing a "parallel" programme to help ease the "negative consequences" of the tough austerity reforms that were required to obtain its latest international bailout, the government said Tuesday.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Negotiations in Cyprus resume after summer break
Nicosia, August 25, 2015/ Independent Balkan News Agency By Kyriacos Kyriacou The negotiators of the Greek Cypriot and the Turkish Cypriot sides, Andreas Mavroyiannis and Ozdil Nami respectively, resumed Tuesday their meetings, following a short summer break. The negotiators, will have contacts on a daily basis until Monday for a number of issues in order […]
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| READ THE ORIGINAL POST AT www.balkaneu.com |
European stocks are flashing a 'full house buy signal' for the first time since 2009
After a terrible day on Monday, with stocks going through the floor, there's something far better on the horizon for European equities, at least according to some analysts. Morgan Stanley's Graham Secker and Matthew Garman say that their market timing indicators are flashing a "full-house buy signal" for European equities for the first time since 2009, and only the 6th time in the last 25 years. That's a solid sign to them that markets will be higher in three months' time. This is their explanation: We do not believe that the ongoing economic weakness in EM and China will significantly drag down the European economy. Consequently, we feel that the current volatility in equity markets is likely to be temporary rather than the start of a long and painful bear market. While markets may stay volatile in the short-term, we believe that MSCI Europe will be higher in 3m time and recommend investors ultimately use this opportunity to add exposure to European equities. Here's how it looks: There are five elements that Morgan Stanley uses to decide when something is a "full-house," as they explain in their note: Three of our Market Timing Indicators (CMTI, Risk and Fundamentals) had been giving a buy signal since the height of Greek worries in early July, but given that last week Europe was down over 6%, both our Composite Valuation Indicator and our Capitulation Indicators (which measures price momentum and market breadth), both moved below their traditional buy thresholds. This meant that as of Friday all five of our Market Timing Indicators fell into buy territory at the same time, a so called “Full-House Buy Signal”. That means that even during the major rally in European equities earlier this year, the market timing didn't look this good. What's more, the only previous buy signal that hasn't taken place during a recession or bear market was in 1998 — in that case stocks were higher 3, 6 and 12 months after the signal was recorded.Join the conversation about this story » NOW WATCH: The rich and powerful are going crazy over these luxury SUVs with bathrooms and cable TV
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German firms not worried about China and Greece, survey shows
German companies shrugged off concerns about China's economy and turmoil in Greece, a key survey showed. The result, however, likely did not yet ...
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| READ THE ORIGINAL POST AT www.scmp.com |
UNICEF Sets up Support Area for Migrant Children in Macedonia
The United Nations Children's Fund (UNICEF) said on Tuesday it has established a child-friendly space with a mobile team near the Macedonian town of Geveglija to provide support to migrant women and children transiting the country. The child-friendly space, which can support about 50 children at one time, has been established within the compounds of the migrant rest area created by UNHCR at the town, which lies at Macedonia’s southern border with Greece, UNICEF said in a news release. Over the last month the daily rate of migrants transiting through Macedonia has increased to 1,500-2,000, of which about a third are women and children, UNICEF said. The migrants, most of them refugees fleeing war in Syria, arrive from from Greece and transit Macedonia en route to Serbia and Hungary. “At greatest risk are migrant children travelling alone without parents or adult family members,” the UN Children’s Fund said. Up to 3,000 migrants are expected to cross into Macedonia every day in the coming months, the United Nations refugee agency, UNHCR, said on Tuesday.
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A Look at Balkan Land Routes Migrants Use to Reach Rich EU
From Greece to Hungary; A look at the Balkan land routes migrants use to reach northern EU
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| READ THE ORIGINAL POST AT abcnews.go.com |
New Record for Greek Tourism: Around 26M Arrivals in 2015
greek-tourism The difficult economic situation in Greece, the instability of the political system and the imposition of capital controls do not appear to ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
IMF: Greece Needs “Significant Debt Relief”
With the global economy in shambles, IMF's Ms. Christine Lagarde's statement on Greece is particularly revealing: To read Ms. Lagarde's statement, ...
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| READ THE ORIGINAL POST AT www.globalresearch.ca |
Kos For Concern: Migrants Spread Across Greek Islands
Warnings that the Greek islands were struggling to cope with the influx of refugees were issued two months ago by Amnesty International, which now ...
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| READ THE ORIGINAL POST AT sputniknews.com |
Wealthy debtors don’t pay for electricity, but the “little Greeks” can live in the dark for several months
An unidentified number of Greeks seem to suffer from heavy deficiency of “collective consciousness“. They absolutely refuse to share common beliefs and moral attitudes which usually operate as a unifying force within a society, especially in times of a crisis, and it is often expressed in form of solidarity. I […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
The bullfighter activist was a woman breaking up a male fantasy
A female protester who jumped into a bullring to comfort a dying animal was an intruder into the masculine world of blood lust and glorified violenceShe bends down to comfort the dying bull. She holds its horns in a loving and tender farewell to a creature slaughtered for sport. As the matador in his finery looks on helplessly at his moment of triumph being spoiled, officials try to pull animal rights activist Virginia Ruiz away from the beast to whom she brings solidarity and compassion. Did the beast know? Did this moment of mercy make a difference to it? And how long can Spain keep using bulls as sacrificial victims in archaic sports and festivals?This dramatic protest in the bullring was one more incident during a summer of no fewer than 10 fatalities in the bull-running events that are popular in many Spanish towns. Bulls have been mythified in many cultures since the stone age. They appear in cave paintings as potent, supernatural horned beings. During the Minoan civilisation in Crete, young men leaped over bulls as part of a game that may also have been a religious ritual. This Minoan obsession with bulls is remembered in the Greek myth of the Minotaur, the half-bull, half-human monster that lived beneath the royal palace. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Germany suspends 'Dublin rules' for Syrians
Berlin has confirmed that it will stop returning Syrian asylum seekers to their first port of entry in the EU. Move has been hailed as "European solidarity" that will relieve pressure on Hungary and Greece.
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| READ THE ORIGINAL POST AT www.dw.com |
Greece illegally pushes back migrant boats out to sea, says Amnesty International
When the Greek coastguard was recently "accused of sinking a boat with…
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| READ THE ORIGINAL POST AT www.euronews.com |
Greek elections set for September 20th
Greek Prime Minister Alexis Tsipras reacts as he attends a discusision at the parliament, in Athens, Greece, 14 August 2015. A vote expected early 14 ...
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| READ THE ORIGINAL POST AT www.neurope.eu |
Greece's push back of asylum boats puts lives at risk, says Amnesty
But the human rights body says refugees trying to reach the EU via Greece are being routinely and unlawfully pushed back to Turkey by Greek coast ...
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| READ THE ORIGINAL POST AT www.euronews.com |
Greece: elections; Syriza's secretary Koronakis resigns
(ANSAmed) - ATHENS, AUGUST 25 - Monday's political secretariat meeting was rather difficult for Syriza and Alexis Tsipras, as party secretary Tasos ...
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| READ THE ORIGINAL POST AT www.ansamed.info |
Romania, Slovakia, Spain, Cyprus and Greece under pressure to recognize Kosovo
Serbian Foreign Minister Ivica Dacic has confirmed that Romania, Slovakia, Spain, Cyprus and Greece are under great pressure to change their ...
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| READ THE ORIGINAL POST AT inserbia.info |
Unlikely coalition sets scene for Greek polls
"We will use this mandate to show that the only thing that is in the interest of the Greek people is a new antibail-out parliament and government.".
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| READ THE ORIGINAL POST AT www.bdlive.co.za |
Groupon Pulls Out of Greece and Turkey
The U.S. based global e-commerce company, Groupon, announced on Tuesday that it has pulled the plug on its operations in Greece and Turkey.
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| READ THE ORIGINAL POST AT europe.newsweek.com |
Greek Island of Rhodes Making Luxury Market Comeback
Georg Petras, partner at Engel & Völkers on Rhodes says, "The financial crisis has had a weaker impact on the price structure of the luxury second ...
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| READ THE ORIGINAL POST AT www.worldpropertyjournal.com |
Vodafone Greece sees summer mobile data traffic double
Vodafone Greece said that data traffic on … , driven by visiting tourists to Greece. Data usage grew strongest in … percent, in Santorini 82 percent, Corfu 80 percent, Rhodes 76 percent …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek President calls on Europe to take measures on migration
#politics
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| READ THE ORIGINAL POST AT en.enikos.gr |
3,573 migrants perish in Mediterranean crossings over last 365 days: IOM
The International Organization for Migration (IOM) indicated on Tuesday that 3,573 migrants have lost their lives while attempting to reach Italy, Greece and Spain since last August.
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| READ THE ORIGINAL POST AT www.globaltimes.cn |
Greece overwhelmed by 160000 fleeing Syrians
They went through Macedonia after the country lifted the blockade of its border with Greece following scuffles with police and the other migrants.
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| READ THE ORIGINAL POST AT www.express.co.uk |
Greece's Alexis Tsipras bets on early polls to boost reform mandate
Rebels opposed to Greece's global bailout walked out of the leftist Syriza party on Friday, formalising a split after its leader Alexis Tsipras resigned as ...
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| READ THE ORIGINAL POST AT www.tjcnewspaper.com |
Harrow School student dies in Greek party resort after celebrating A level results
He is understood to have been holidaying with friends in Sissi, four miles from the notorious party town on the Greek island of Crete, as he celebrated ...
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| READ THE ORIGINAL POST AT www.getwestlondon.co.uk |
Eurozone agrees third bailout for Greece
Greece will receive up to 86 billion euros ($95 billion) in loans over the next three years, in return for tax rises and spending cuts, BBC reported.
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| READ THE ORIGINAL POST AT www.dispatchtimes.com |
Greece's parliament approves third bailout
Eurozone ministers said the first main 26-billion tranche of the bailout will include an “immediate” payment of 10 billion euros to Greece's banks, which ...
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| READ THE ORIGINAL POST AT www.dispatchtimes.com |
Forget global crash: Latest Greek far-left party plans to nationalize banks, default on debt
UK-based economist Lapavitsas says euro not a 'safe harbor'
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| READ THE ORIGINAL POST AT en.protothema.gr |
Jamie Dimon's bank is earning comparisons to the best player in the NBA (JPM)
One is the picture of offensive prowess and defensive aggression, wrapped up into an All-Star package that some think is the best in the game. The other is LeBron James. CSLA analyst Mike Mayo has issued a bullish report upgrading JPMorgan to a buy and comparing chief executive Jamie Dimon to four-time National Basketball Association Most Valuable Player LeBron James. Mayo's note, published Tuesday August 25, puts a $78 price target on JPMorgan, a jump above the current share price of around $63. Mayo told Business Insider: "This is certainly the first time we’ve had an all-out buy on a Jamie Dimon bank in one, if not two, decades." He added: "This is a big deal, right? This is a big upgrade. They are the number one kind of global, universal bank, right? They are the Lebron James of global universal banks." The call is based on strong defence in addition to powerful offense, according to Mayo, who highlighted JPMorgan's dividend yield. It is 2.9% this year and expected to jump to 3.4% in 2017. Mayo told Business Insider: "Lebron has been named to the all-NBA team for defense. So we wanted some defensive characteristics and JPMorgan has perhaps the most resilient balance sheet that it’s had under Jamie Dimon." Not to mention higher capital, good credit quality, and the strong dividend yield. Then there is the offense. Mayo said: "JP Morgan has offense with their strong market positions, and also with the tailwind from expense savings of $4.8 billion over a couple years. And don’t forget that they try to win when others lose, so if there is some sort of dislocation in Asia, this is the opportunity for JPMorgan to gain market share in Asia." Banks' stocks have taken a beating with the broader market over the last few days. Most Wall Street firms — JPMorgan included — saw their stocks go negative on the year in trading Monday August 24. JPMorgan saw shares rise about 4% in trading early Tuesday August 25. Mayo notes the company is trading at 1.3 times its tangible book value, compared to a 1.6X-multiple historically. Mayo's comparisons between James and JPMorgan come, curiously enough, one day after reports that the NBA star's family foundation is partnering with Dimon's bank to better track the academic progress of the students it supports.SEE ALSO: This is what a day in the life of a JPMorgan intern is like Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy
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| READ THE ORIGINAL POST AT uk.businessinsider.com |
There are 2 big problems with blaming China for the stock market sell-off (DIA, SPX, SPY, QQQ, TLT, IWM)
There's been chaos in global markets. Stocks fell more than 3% in the US on Monday, a decline that followed a 3% sell-off to end last week. But on Tuesday morning, stocks were ripping higher, a move being largely attributed to the People's Bank of China's decision to cut rates. And so while the consensus is sort of coalescing around the idea that the latest moves in the stock market — both up and down — have to do with China, Deutsche Bank's Torsten Sløk circulated an email on Tuesday morning questioning the logic behind this reason. "I have two problems with the ongoing global stock market sell-off," Sløk wrote. Sløk added: 1) Betting against China has been a losing proposition for decades, why should now be different? 2) Despite this being a client conversation for several months, I still haven't seen a smoking gun chart showing why a slowdown in China will have a significant impact on the US expansion. If you have one then please send it along. Sløk included the following chart, showing spikes in the VVIX — which measures volatility of the VIX index, which measures expected volatility in the stock market — during the Lehman event of 2008 and the Greece crisis of 2011, among other big events. Is this really the same sort of problem? Not to Sløk, who writes: "As a result, I conclude the following: When uncertainty about corporate America reaches an all-time high – see chart below – because of "something in China" then it looks like a buying opportunity to me; wait for your 5-day moving average to stabilize and it will likely be a good entry point." SEE ALSO: Here's what Goldman told its big money clients about the big sell off Join the conversation about this story » NOW WATCH: How to invest like Warren Buffett
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US stock market rally after China cuts interest rates
Latest: Dow Jones jumps 300+ pointsSummary: Welcome to Turnaround TuesdayPeople’s Bank of China finally takes actionExperts: China tries to calm the crashShanghai Composite index shed another 7.6% todayChina’s Black Monday – as it happened 3.44pm BST The Athens stock market went on a tear today, finishing up almost 10%.Athens finishes surging session at +9.4%. FTSE Banks +26.9%. #ASE #Greece | Not clear why investors bought banking stock. No news re recap. 3.43pm BST Stock markets are dropping back from their earlier highs, but are still comfortably higher.As we head into the close we’re already seeing today’s rally start to lose some of its early steam, pulling back from the intraday highs, which is a bit of a worry given the strength of the recent declines.With that in mind we’re probably going to need a few more days like today before we can be confident that we’ve seen the lows. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Death boats, cuts, tear gas mark path for migrants to Europe
By Marton Dunai ROSZKE, Hungary (Reuters) - Hassan, a 30-year old IT engineer from Syria, was still shaken from having been forced by smugglers to drive an overloaded boat full of fellow migrants to Greece from Turkey. Standing in a queue for a bus inside Hungary, he had his young nephew on his back, the boy's head bandaged after being cut by razor wire as he and his family tried to cross into the visa-free part of the European Union from Serbia. The three-year-old had stood up as they crawled through a triple-cylinder razor wire erected by Hungary on its southern border to try to keep out the streams of migrants trying to reach western Europe.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |