Davutoglu departure a blow for Merkel and plan to stem flow of refugees into Greece
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| READ THE ORIGINAL POST AT www.ft.com |
How the world sees Greece
Thursday, May 5, 2016
The GREEK coast guard says 78 refugees have been rescued at sea from crippled smugglers' boats ...
More than 1 million refugees and other migrants have reached the GREEK islands ... A total of 87 people reached the GREEK islands on Wednesday.
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| READ THE ORIGINAL POST AT www.therepublic.com |
Committee Sets Timeline for GREEK Life Recommendations
In November 2015, evaluators from the Fraternity and Sorority Coalition (FSC) came to Dickinson to perform an external review of GREEK Life.
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| READ THE ORIGINAL POST AT thedickinsonian.com |
78 migrants rescued from stricken smugglers' boats off GREEK islands
GREEK officials confirmed 78 refugees have been rescued from crippled smugglers' boats in two separate incidents in the eastern Aegean Sea.
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| READ THE ORIGINAL POST AT www.belfasttelegraph.co.uk |
Rochester Historical Society to exhibit 19th-century baseball game
The Rochester Baseball Historical Society host the first of its three 19th-century baseball exhibition games at 1 p.m. May 14 at the GREECE Historical ...
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| READ THE ORIGINAL POST AT www.greecepost.com |
Greek Labor Unions Announce 48-Hour General Strike Against Planned Pension and Tax Reforms
GSEE and ADEDY labor unions have announced that they will proceed with a 48-hour strike on Friday and Saturday, responding to the voting of the ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Tarpon Springs nonprofit hopes to make dreams a reality for Olympic hopeful from GREECE
It seemed no matter how fast he ran, GREECE'S deteriorating economy slowed him down. But now, with the help of a Tarpon Springs nonprofit, the ...
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| READ THE ORIGINAL POST AT www.tampabay.com |
The two sides of going Greek
… controversies in the news, going Greek has become "the quintessential … behavior and dishonorable habits of Greek life members. In Schlissel… the most acknowledged advantages of Greek life involvement is entering college …
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| READ THE ORIGINAL POST AT world.einnews.com |
Unions Call 3-Day Strike Over Austerity
ATHENS— Unions in Greece have called a three-day general strike to protest against new bailout austerity measures, in a sign of growing discontent with Prime Minister Alexis Tsipras’ left-wing government. State-run, municipal and many private services, from garbage collection to television news programs, will be cancelled or disrupted starting Friday and through the weekend. Ferries […]
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
The Latest: 78 refugees rescued off Greece in 2 incidents
[German Chancellor Angela Merkel prepares to leave at the end of a joint press conference after a meeting with Italian Premier Matteo Renzi, in Rome, Thursday, May 5, 2016. (AP Photo/Andrew Medichini)]ROME (AP) — The Latest on Europe's response to the wave of migration from the Middle East and elsewhere (all times local):
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Remembering when… Brilliant Botka claimed crucial GREEK glory
For Dávid Botka, this week's SEAJETS Acropolis Rally will rekindle memories of his best FIA European Rally Championship result to-date.
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| READ THE ORIGINAL POST AT asia.eurosport.com |
GREEK Week's canned food drive 'Canstruction' raises more than a thousand cans
“We decided to have the theme of GREEK Week as countries this year so that our GREEK students could learn about other cultures and showcase them ...
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| READ THE ORIGINAL POST AT www.vsuspectator.com |
GREEK unions call 48-hour strike over pension, tax reforms
GREEK trade unions have called for a 48-hour strike starting tomorrow to protest controversial government plans to overhaul pensions and increase ...
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| READ THE ORIGINAL POST AT www.business-standard.com |
GREEK workers to strike for 48 hours in battle against EU's pension cuts
Workers across Greece are set to walk out on a 48 hour general strike starting tomorrow, Friday, called at the last minute today. The government has ...
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| READ THE ORIGINAL POST AT socialistworker.co.uk |
SETE: Delays in the Program Evaluation Harm GREECE'S Tourist Season
SETE says that as long as the program evaluation is being delayed and extended, the sentiment that GREECE cannot provide stability and security is ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Here's your complete preview of Friday's jobs report (SPY, SPX, USD, TLT, TLO, DXY, GLD, GLX, SLV)
[american flag sitting hat]Reuters/Jim Young The Bureau of Labor Statistics will release the April jobs report on Friday. Here's what Wall Street is expecting, via Bloomberg: * Nonfarm payrolls:+200,000 * Unemployment rate: 4.9% * Average hourly earnings month-on-month: +0.3% * Average hourly earnings year-on-year: +2.4% * Average weekly hours worked: 34.5 The forecast for headline job gains is right where economists obsessed about just a few months ago. Anything below 200,000 was troubling. "As we approach full employment, the monthly job growth of 200,000 may not be sustained," Marc Chandler, global head of currency strategy at Brown Brothers Harriman, told Business Insider. "But this isn't a problem." To put things in perspective, we haven't seen negative employment growth for 65 straight months. And for April, indications of another robust month of job gains can be found in the second-straight rise of the ISM's non-manufacturing employment index, and the fact that initial jobless claims fell to the lowest level since 1973. So rather than obsess over the headline, economists have recently turned their attention to other things. [fredgraph (1) copy]Reuters/Jim YoungThe labor-force participation rate has unexpectedly crept higher since late last year. It's been driven by demographics and the availability of jobs. People born in the 1940s — so-called baby boomers — have hit their prime retirement age. Additionally, the near-record level of job openings is "pulling back into the labor force some workers who are right on the edge," said Glassdoor chief economist Andrew Chamberlain. But he's seeing a yellow warning light on the tech sector, which was volatile in April after a slew of weak earnings. Even before that, there had been uncertainty in Silicon Valley that prompted some companies to reconsider their hiring plans. Economy-wide, discouraged workers would change their minds faster if wages start to grow. Slow wage growth has been one of the biggest laggards of the labor-market's recovery, and wage growth is the one thing everyone, from the average consumer to the Federal Reserve, needs right now. Chamberlain forecasts that average hourly earnings grew 2.6% year-on-year, which is more than the consensus. He said it's puzzling that wage growth has been so slow, although it has trended upwards since early last year. Torsten Sløk, Deutsche Bank's chief international economist, pointed out a calendar quirk that could push the wage-growth data higher for April. [image001 (6)]Reuters/Jim YoungThe Bureau of Labor Statistics surveys for the jobs report during the week of the 12th of every month. Payday for is on the 15th for those paid bi-weekly. So when, like April, the 12th is early in the week and not at the end, more employers are likely to include the bi-weekly pay in the survey. Calendar effect or not, higher wages are something the Federal Reserve would welcome. It would give them more confidence in their 2% inflation target, and suggest that consumer spending will continue to drive economic growth. And for Marc Chandler, this is about the only thing that matters to the Fed right now in the labor market. The strong pace of job gains and the drop in the unemployment rate have not moved the needle on raising interest rates. "Another 200k increase in nonfarm payrolls is not a game-changer" for the Fed, Chandler wrote in a note. "The issue is not jobs or income; it is consumption and investment." NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Some of the world's most influential investors got together and their outlook was incredibly grim
[protestor grim reaper world capitalism globe]Peter Macdiarmid/Getty Images The biggest investors in the market got together on Wednesday, and judging from their investment ideas they're pretty bearish. About everything. The dour outlooks all came at the Ira Sohn Investment Conference on Wednesday. The conference itself is a forum for big-time investors, mostly hedge fund managers, to pitch bold ideas. Thing is, this year nearly all of the ideas sounded grim for the world economy. The conference's two macro-level investors — Stanley Druckenmiller of Duquesne Capital and Jeff Gundlach of DoubleLine Capital — both forecasted serious storm clouds on the horizon. Druckenmiller decried central bank's "myopia" of low interest rates and said it is fueling a debt bubble at the corporate and government level. He then said the bull market is "exhausting itself" and that investors should go "significantly overweight" one safe asset: gold. Gundlach took a hatchet to nearly everything in his presentation. He called negative interest rates an "optical illusion", said the Fed's desire to raise rates makes no sense and is hurting growth, and went after every major presidential candidate (regardless of whether they are still in the race) for their poor policies. Both Druckenmiller and Gundlach's presentations focused on the mismanagement of large, influential organizations — whether it be the Fed, the US government or the Chinese government. These mistakes have allowed companies and investors to give into their worst impulses, thus distorting the world economy and putting it in peril. Some of the more micro-focused presenters at Sohn also had worrying outlooks for the economy. David Einhorn of Greenlight Capital introduced a short of heavy equipment-maker Caterpillar, saying that the world is at the end of a commodity supercycle. Many emerging markets are commodity dependent and Caterpillar is known as a bellwether of the manufacturing sector. Thus, Einhorn saying that the company's shares are going to collapse 50% in two years is not an encouraging sign for either of those two groups. [david einhorn]Peter Macdiarmid/Getty Images Adam Fisher of Commonwealth Capital talked about European and Japanese bonds, and didn't sound too bullish on either economy rebounding to strong growth. Zach Schreiber, CEO of PointState Capital, called Saudi Arabia's economy "unsustainable" due to lower oil prices in the long-term and increasing needs for social spending. Schreiber even pointed to social unrest in the country in his thesis on why to short the Saudi currency. So you've got lower oil prices for longer, Middle East instability, a continued manufacturing downturn, and a prolonged European and Japanese slowdown. There isn't much to get excited about. To be sure, many of these investors are presenting shorts, so they're going to be negative. But the breadth of the dour views was startling. There were some positive views, but even in those presentations they were hedged. Larry Robbins of Glenview Capital Management said that hedge funds and their investors would hit their long-term goals, but acknowledged that serious "waves" in the economy and markets have been disrupting returns in the near-term. All in all, the mood from the presenters inside the conference was much like the weather outside in New York City on Wednesday: depressing and miserable. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Companies are playing it safe, and it’s killing the economy
[bubble wrap safe safety]Will Burgess/Reuters Companies are taking less risks, and that's making the economy perilous for every one. According to Luke Hickmore, co-manager of Aberdeen Asset Management's Strategic Bond Fund, a monumental shift in investing behavior is beginning to weigh on the managements of companies, impacting the way they think about building their firms. In turn, a more cautious approach to investing is holding back the global economy from achieving higher growth. The shift in investing is something we've highlighted before. As traditionally "safer" investors move from relatively stable assets like government debt to corporate debt and dividend-paying equities, they are taking on more risk in order to get the same return. Hickmore said that this long-term distortion of investor behavior is now seeping into boardrooms. "These investors that are used to returns through bonds are looking for that yield and in some cases getting into equities," Hickmore told Business Insider. "They want these companies to reward them like a bond, but also be safe like one as well." The symptoms are showing up in how companies allocate capital. Instead of investing in long-term capital expenditures, companies are instead raising dividend payouts and buybacks in order to reward yield-starved investors. On the one hand there is a push effect towards buybacks and dividends. "If I'm a company manager and I go on a roadshow or to a shareholder meeting, it's more likely that I'm going to hear a desire for more of these shareholder-friendly moves," said Hickmore. "These people, the shareholders, are quite literally the owners of my business, why would you not listen to their demands?" On the other hand, there is a pull effect. When companies announce buybacks and increased dividends, there is typically a solid stock prices response. In turn, companies could notice this and attempt to do more. This in turn only creates returns for shareholders instead of more jobs or capital that can drive long-term growth and demand. While pressure from return-focused investors isn't the only reason for the shift, according to Hickmore, he said that cheap financing for debt among other factors have played a role as well. This rabble rousing, however, has certainly contributed. This sort of allocation, however, isn't just hurting the broad economy said Hickmore, but also making it more dangerous for those in the C-Suite. "With lower growth rates from companies but leverage still high (often to pay for those higher equity payments) the risks of a management misstep are likely to be magnified with the very real potential of rising equity market volatility," said Hickmore in a recent note. "This will only act to ensure the tourists insist on even more conservative management of their companies and again lower growth." So the vicious cycle of conservatism and instability goes round and round. Hickmore's suggestion for solving it? Get bond yields up through higher interest rates and these bond investors back to their usual ground. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Italy, Germany agree on immigration policy, but not on financing
[Italian Prime Minister Renzi talks with German Chancellor Merkel as they arrive for a news conference at Chigi Palace in Rome]By Crispian Balmer ROME (Reuters) - Italy and Germany agree on how Europe should tackle the migrant crisis and oppose any move to fence off borders, but they are at odds over how to fund proposed initiatives, the leaders of the two countries said on Thursday. German Chancellor Angela Merkel and Italian Prime Minister Matteo Renzi warned that unless the European Union found a common migration stance, old nationalist ghosts would reawaken. "This is not a challenge for Greece, Germany or Italy, but these are challenges that have to do with the future of Europe." Immigration issues dominated talks between the two leaders, with both agreeing that more needed to be done to help African states stem migrant flows across the Mediterranean Sea.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Tension in Idomeni as refugees & migrants staged an action at the border fence to FYROM
One hundred refugees and migrants from the camp in Idomeni attempted to set up a tent at the border fence between Greece and FYROM on Thursday. Greek riot police intervened to stop the action, and some protesters started to hurl stones at the policemen and chant “Open borders!”. Eventually the […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
What It's Like to Volunteer with Refugees in Greece
A "lifejacket graveyard" on Lesvos, Greece. Photo credit: Josh Webb. For the last five months Josh Webb has been volunteering at Moria refugee camp in Greece. New Zealand-born, Josh relocated to New York City in 2007, landing a job as Director of ...
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Gang-gang: New book recalls heyday of GREEK milk bars, mechanical cow mascots
The photograph is from the book GREEK Cafes & Milk Bars Of Australia that on 18 May is to be launched in Canberra, on the appropriate premises of ...
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| READ THE ORIGINAL POST AT www.canberratimes.com.au |
GREEK labor unions to go on strike over fresh austerity cuts
GREEK labor unions are set to take a three-day general industrial action to vent their anger at a new round of austerity measures demanded by ...
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| READ THE ORIGINAL POST AT www.presstv.ir |
ECB lowers emergency funding cap for Greek bank to 69.1bn euros
… Greece said on Thursday. The move reflected improving liquidity conditions in Greece … deposit flows, the Greek central bank said. Greek banks have relied on … funding from the Bank of Greece fell by 2.6 percent …
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| READ THE ORIGINAL POST AT world.einnews.com |
Watch this Greek league basketball player chuck a ball out of bounds for no reason
Panathinaikos' Miroslav Raduljica had a bit of a brain fart during this free throw. An opposing player missed the shot, and Raduljica rebounded. But Raduljica assumed the ball was going in, so he threw it out of bounds to a ref to inbound. It's a foolish ...
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| READ THE ORIGINAL POST AT www.sbnation.com |
Bulgaria Signs Protocol on EU’s Readmission Agreement with Turkey
Bulgaria has become the first EU Member State to sign a protocol for implementing an agreement for readmission of irregular migrants by Turkey, Turkish Interior Minister Efkan Ala has said. The protocol was signed in Turkey by Efkan Ala and his Bulgarian counterpart Rumyana Bachvarova, the interior ministry in Sofia said in a statement on Thursday. Leaders of EU member States and Turkey reached an agreement in March, which provides for the return of irregular migrants from Europe to Turkey, with Turkish authoritiessending a Syrian refugee from camps on their territory to the EU for each irregular migrant they receive. The protocol is extremely important for future work and the implementation of mechanisms for effective interaction, Efkan Ala said, according to the statement. Rumyana Bachvarova expressed confidence that the protocol will yield results that will be in the interest of both countries as it provides for a practical framework for action and detailed operational procedures. Bachvarova also highlighted steps taken in recent months to enhance partnership between Bulgaria and Turkey, including the signing of an agreement to set up a point of contact on Bulgarian territory for police and customs authorities from Bulgaria, Greece and Turkey. The contact centre at Kapitan Andreevo crossing, on Bulgaria’s border with Turkey, will provide for the sharing of information among the police and customs authorities of the three neighbouring countries in order to achieve an adequate and timely response to combating illegal migration and people smuggling. Bachvarova also pointed to operational interaction between Bulgarian Border Police and Turkish Coast Guard in protecting the common border as another example of successful cooperation in tackling the issue of illegal migration.
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| READ THE ORIGINAL POST AT www.novinite.com |
Donald Trump says he'd probably replace Fed chair Janet Yellen
Presumptive presidential nominee says he’s ‘most likely’ to pick a new Fed chair when Yellen’s time is up * Trump: Yellen’s very capable but not a Republican * US layoffs jumped in April * ....and jobless claims rose last week * Britain’s service sector suffers slowdown * Could Bank of England cut rates again? 4.39pm BST Markets are struggling to make any headway ahead of Friday’s US non-farm payroll numbers. Chris Beauchamp, senior market analyst at IG, says: While markets have stabilised after days of losses, there seems little that can revive bullish sentiment as the day heads to its close. Despite an early attempt at a rally, indices remain under pressure, and it looks as if sellers will continue to dominate as the week enters its final session. ...Stocks remain under pressure, and with non-farm payrolls tomorrow the outlook remains resolutely grim. Further US dollar strength provides the reason for why there is little hope for indices at the present time. After weeks of weakness the impetus to buy the dollar appears too strong to hold back, which would provide a cogent reason for why indices have little ability to move higher. Ahead of non-farm payrolls, the market waits to see if the figure can best the number produced by ADP figures on Wednesday. 4.17pm BST Meanwhile Greece’s unions have called a general strike for Friday and Saturday to protest against the tax and pension reforms due to be debated in parliament over the weekend, Reuters is reporting. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
China National Rail’s debt over $600 bn, twice the size of Greece’s obligations
China’s state-owned rail corporation is more than $600 billion in debt, reports said, almost twice the size of Greece’s obligations. The China Railway Corporation (CRC) operates the country’s trains, including an already world-beating 19,000 ...
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| READ THE ORIGINAL POST AT www.financialexpress.com |
World Press View: Greece’s Creditors Amp Up The Crisis
Greek Prime Minister Alexis Tsipras still hopes he'll get debt relief from the country's international creditors but they're putting the hurt on him.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
A Woman’s Fight for Greece’s Stray Cats
Xristiana Karathanasi's extraordinary compassion and energy have helped drive her to make a difference in the lives of countless stray cats in Thessaloniki.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Visa wars
WHEN Macedonia was granted visa-free access to the European Union’s Schengen area in 2009, its citizens popped champagne corks in the streets. Last week, as Turkey passed a last-minute flurry of laws to win the same prize, MPs brawled in the National Assembly. Now, as the European Commission proposes waiving visas for Turkey in a deal to send back migrants from the Greek islands, it stands accused of rewarding a serial human-rights violator and undermining its own values. The decline tells a story. Over the years the EU has run out of tools to influence its neighbours. The most powerful was the promise of enlargement, but that has run out of steam; the club has struggled just to digest its eastward expansions in 2004 and 2007. Creating regional associations short of membership made elites happy, but often did little for ordinary citizens. That left the prospect of visa-free travel as the last card in the deck, and for those Balkan countries that won it a few years ago, it succeeded. Laws improved and bureaucracies were streamlined. There were hiccups: last year Balkan Roma seeking a few months of benefits surged into rich countries...
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| READ THE ORIGINAL POST AT www.economist.com |
Cram with GREEK life
Concerned about the library being packed for finals week? Join The University of Akron's Interfraternity and Panhellenic Council for Cram Jam, which ...
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| READ THE ORIGINAL POST AT buchtelite.com |
Boost Store Bought Hummus With a Dollop of GREEK Yogurt
A tub of store bought hummus, along with some pita and veggies, makes a great, no-fuss snack—but the stuff can be a little lackluster. Try stirring in a ...
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| READ THE ORIGINAL POST AT skillet.lifehacker.com |
To the Editor: 'White vs Black GREEK Life' response
“Traditionally, white organizations in GREEK Life don't show a strong brotherhood [or] sisterhood like NPHC organizations do,” he said. “They also ...
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| READ THE ORIGINAL POST AT www.studentprintz.com |
GREECE Athena Middle School students recognized for positive behavior
GREECE Athena Middle School recently announced the students nominated by teachers for following the school's core values of respect, responsibility ...
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| READ THE ORIGINAL POST AT www.greecepost.com |
Eurozone in CRISIS: GREECE set to default AGAIN and Italy panics over £270BN of bad loans
DEFIANT GREECE has again turned down creditor demands, taking the country a step closer to another default crisis and subsequently crashing out of ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
Flamini on his way to GREECE?
When he's not solving the world's energy problems, Mathieu Flamini dabbles in playing football. He doesn't dabble all that well, mind you, but he does ...
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| READ THE ORIGINAL POST AT theshortfuse.sbnation.com |
An island resort with a dive center and private beach can be yours for $49 - but there's one catch
[Kosrae resort]Sunny River/YouTube A tropical island resort with a 16-room hotel, dive centre, and private beach is up for sale and individuals can purchase it for as little as £34 ($49). Located on the Micronesian island of Kosrae in the western Pacific, Kosrae Nautilus Resort is being sold by its owners through an online lottery, which requires entrants to buy tickets at £34 ($49) apiece for a chance to win, Travel + Leisure reports. As well as hotel accommodation, the resort comes with a four-bedroom home, two apartments for guests, and a 32-foot-long fresh water pool. The winner will also get access to $10,000 (£6,897) in the business bank account, a restaurant with $5,000 (£3,448) worth of food supplies, five rental cars, two dive boats, two vans, and a pick-up truck. 16 staff members are employed there as well. There's a big catch, though: The owners will only hand over the resort if they sell 50,000 tickets or more. If fewer than 50,000 tickets are purchased, the resort won't be up for grabs, but the winner will still receive half of the ticket proceeds, according to Travel + Leisure. [Kosrae resort]Sunny River/YouTube The resort owners, Doug and Sally, who have been running Kosrae Nautilus Resort for the last 21 years, are selling it to move closer to their grandchildren. "We’ve had our time in the sun and enjoyed a career most people would never even dare dream about, but our current goal now is to become professional grandparents," Doug explains on the contest website. "We feel like a new chapter in our lives is beginning, and we’re ready to pass the baton to someone else." Entrants can buy tickets in "packages" of one, three, five, and 10, which come with the same number of images taken underwater by the photographer Matt Shepherd. Of course, the more tickets you buy, the greater chance you have of winning the property. The winning ticket number will be selected at the resort using the random number service Random.org on July 26 and announced via YouTube or Facebook Live (this will be decided nearer the time), and published on the competition website. NOW WATCH: This longevity-linked simple salad helps people on a Greek island live past 100
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| READ THE ORIGINAL POST AT www.businessinsider.com |
BANK OF AMERICA: Long robots, short humans
We're screwed. Or so says Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, who in a note out Wednesday lays out a future case for the US and global economy that, well, is depressing. If, that is, you're a wage-seeking worker and not a rent-seeking financier. Our post-crisis sociopolitical environment has really been defined by one big trend: increasing income inequality. But Hartnett argues that this income inequality has been exasperated by increasing automation and increased support for financial market from central banks. Which, on the face of it, seem like unrelated sources of stress for the average worker. But in Hartnett's view, these two dynamics ultimately give us a world where you, the worker, are worth less. Simply put, capital has been valued over labor. And Hartnett expects this to continue. Here's Hartnett: Tech disruption is negative for workers: attempts to address inequality via higher minimum wages is likely to accelerate automation in the labor force (note the sharp increase in the use of industrial robots this decade and the stagnant level of manufacturing employment – chart 3); the increased use of robots & AI may also be reducing wage expectations, thus helping to explain why household savings continue to rise. [Screen Shot 2016 05 05 at 9.35.32 AM]Bank of America Merrill Lynch Increased central bank liquidity — things like quantitative easing, which have benefited the existing holders of financial assets — has in Hartnett's view put our post-crisis economic gains in the hands of a few. From here, Hartnett thinks things go two ways: * World governments reach a collective deal that involves coordinated fiscal stimulus to boost corporate profits and job creation. * Or, everyone hunkers down and we see capital controls, protectionism, and increased regulation. (Along with government-mandated, labor-protective measures like higher taxes for higher earners and increased minimum wages.) Hartnett thinks the latter is more likely, as politically it's much easier to defend whatever status you think you currently have — "Make America Great Again" is not really about the past or the future but is grounded in a worldview that America is, right now, pretty great and will be again if only we do all the stuff we used to: like tax rich people and pay workers more and welcome immigrants — than advance a message that you can create a better, but unknown, future. For investors, the answer is buy municipal bonds: they are tax exempt. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Bulgaria PM urges Eastern Europe to end resistance to migrant quotas
[A man adjusts his tent at a makeshift camp for migrants and refugees near the village of Idomeni not far from the Greek-Macedonian border on May 4, 2016]Eastern European countries opposing new refugee quotas should show more solidarity, Bulgarian Prime Minister Boyko Borisov said Thursday, assuring Sofia would accept its share of people fleeing war and persecution to Europe.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
EXCLUSIVE: 'Do NOT let Mrs. Kennedy cross paths with Aristotle Onassis!' How jealous President Kennedy ordered Secret Service agent to keep Jackie away from womanizing shipping ...
President John F Kennedy ordered one of his top Secret Service agents to make sure that his wife did not meet Aristotle Onassis on a trip she took to Greece in 1961. The President summoned Clint Hill to the Oval Office in front of his brother Bobby ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
GREEK islands hope to gain from EU-Turkey visa deal
GREEK islands expect Turkish tourists to increase substantially if the visa-free deal between EU and Turkey comes through, GREEK chamber and ...
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| READ THE ORIGINAL POST AT aa.com.tr |
GREECE Has New Independent Media-If You Want It
An employee stands at the reception hall in the Greek state television ERT headquarters in Athens on June 14, 2013. (Reuters / John Kolesidis).
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| READ THE ORIGINAL POST AT www.thenation.com |
Greek government rushes to legislate on Pensions & Tax Reform before the Eurogroup on Monday
Greek government is determined to reach an agreement at the Eurogroup meeting on upcoming Monday. In order to demonstrate eagerness to implement the 5.4 billion euro measures demanded by the European lenders, SYRIZA-Independent Greeks coalition rushes to legislate on Pensions Reform and New Taxation System Bills that are expected to […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Greece to paralyze with 48h strike of public & private sector, May 6-7/2016 – Seamen on Strike for 4 days
Greece’s powerful unions of public and private sector -ADEDY and GSEE – were quick to respond to the plans of Greek government to have the Pensions Reform and the new Taxation system voted in the Parliament on Sunday: they declared a 48-hour strike on Friday and Saturday, May 6-7, 2016. […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Unions in Greece have called for a three-day strike to protest a parliamentary vote on a new round of bailout austerity measures
ATHENS, Greece — Unions in Greece have a three-day general strike to protest a parliamentary vote on a new round of bailout austerity measures. Starting Friday, state-run and municipal services, including garbage collection, will be disrupted for three days.
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| READ THE ORIGINAL POST AT www.therepublic.com |
Greek parliament to vote on tax, pension reforms before Eurogroup meeting
[A Greek national flag flutters atop the parliament building in Athens]By Renee Maltezou ATHENS (Reuters) - Greek lawmakers are expected on Sunday to vote on a raft of unpopular tax and pension reforms that Greece hopes will help it convince creditors to approve the release of badly-needed bailout cash. Parliament is due to vote on the bill before euro zone finance ministers meet on Monday to try to unblock the review which has stalled mainly due to a rift among its international creditors on Greece's fiscal progress. A parliamentary committee was on Thursday reviewing provisions of the bill which aims to boost tax revenues and slash pension spending from its current level of 17 percent of GDP annually.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Hollande Pushes Greek Reform Deal
Greece's Premier is getting backing again from French President Francois Hollande who said Greece should get a fast reform deal from its international creditors.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Fears Grow Over Turkish Incursions
Repeated Turkish violations of Greek air and sea space is creating the "serious danger" of a military incident, a retired Greek Commander has warned.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Blocked Rail Line Losses Mount
Refugees obstructing railway lines in northern Greece on the closed border with FYROM have cost Greek businesses at least four million euros so far.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |