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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Tuesday, May 24, 2016

Forensic Expert: Human Remains In EgyptAir Crash Have Burns, Suggesting Possible Explosion On Plane

Source: newyork.cbslocal.com - Tuesday, May 24, 2016 CAIRO (CBSNewYork/AP) — A senior Egyptian forensics official says human remains recovered from the crash site of EgyptAir Flight 804 have burns on them and are “very tiny,” which suggests an explosion may have taken place in midair on board the aircraft. The official is on the Egyptian forensic team and has personally examined the remains, kept at a Cairo morgue. He spoke to The Associated Press on Tuesday on condition of anonymity because he wasn’t authorized to release the information. He says the body parts are “so tiny” and that at least one piece of a human arm has signs of burns, an indication it might have “belonged to a passenger sitting next to the explosion.” All 66 people on board the flight from Paris to Cairo were killed in crash, which still remains a mystery. The plane crashed after it disappeared from radar early Thursday morning. The head of Egypt’s state-run provider of air navigation services says that EgyptAir Flight 804 did not swerve or lose altitude before it disappeared off radar, challenging an earlier account by Greece ’s defense minister. Ehab Azmy, head of the National Air Navigation Services Company, told The Associated Press on Monday that in the minutes before the plane disappeared it was flying at its normal altitude of 37,000 feet, according to the radar reading. He said “that fact degrades what the Greeks are saying about aircraft suddenly losing altitude before it vanished from radar.” According All Related


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The EU Has Trust Issues, and It's Taking Down GREECE'S Economy

One needs to look to GREECE to find the answer. Complete lack of investments, large decreases in consumption and a large increase in unemployment ...


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GREECE is a laggard in IT and communications

GREECE ranks 27th among 28 countries in Internet connection via cell phones, ahead of Bulgaria only. Landlines remain the most important connection ...


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DSW slashed its outlook for the year because retail is really hard right now (DSW)

[dsw shoes] DSW shares fell 8% in pre-market trading Tuesday after the company cut its forecast for profits this year amid "a challenging retail environment." In its first-quarter earnings report, the footwear retailer said it now expects adjusted earnings per share (EPS) of $1.32 to $1.42, down from a prior range of $1.54 to $1.64. The higher end of its new forecast trails analysts' estimate of $1.58, according to Bloomberg. DSW also lowered its revenue expectations, and now sees 6% growth, down from an earlier forecast of 8% to 10%. "This is the prudent action to take so that inventory, expenses and capital investments are aligned to maximize profitability and positioned to expand earnings as our trend improves," said CEO Roger Rawlins in the statement.  Several other department stores including Macy's and Gap have reported slowing sales, as more consumers shop from online retailers instead. As for the most recent quarter, DSW reported sales and revenues that were also below expectations. Adjusted EPS was $0.40 ($0.46 expected) and net sales totaled $681.3 million (698.8 million expected). Same-store sales, a key metric for retailers that only measures stores that have operated for at least a year, fell 1.6%, missing the forecast for 0.6% growth. The company's shares have fallen 37% over the last year through Monday's close.  Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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New York Stock Exchange legend Art Cashin is worried about the rise of robots

[art cashin] Art Cashin is worried about robots. Cashin, a managing director at UBS and director of floor operations at the New York Stock Exchange, has been a stalwart on the NYSE floor for 50 years. During Cashin's tenure at the NYSE, the stock-exchange floor has morphed from a chaotic mess, with orders written by hand and called in via phone while traders and clerks scurried frantically from post to post executing trades, into a largely symbolic representation of American financial ingenuity and a backdrop for CNBC telecasts. And the bulk of actual stock trading today happens among computers housed in electronic exchanges. The robots have come to Wall Street, and they have won. In his morning note on Tuesday, Cashin highlights the following passage from Bill Gross' most recent investment commentary, which argues not only that robots will make many of our jobs obsolete but also that as a replacement for work-related income we will be forced to institute a universal basic income to help citizens make ends meet. Cashin notes that Gross' commentary has made the rounds among the investment luminaries he talks to, such as David Kotok and Barry Ritholtz, and has many concerned about the future of not just the financial industry but the entire American and global workforces. Here's Gross (emphasis mine): No one in 2016 is really addressing the future as we are likely to experience it, and while that future has significant structural headwinds influenced by too much debt and an aging demographic, another heavy gust merits little attention on the political stump. I speak in this Outlook to information technology and the robotization of our future global economy. VIRTUALLY EVERY INDUSTRY IN EXISTENCE IS LIKELY TO BECOME LESS LABOR-INTENSIVE IN FUTURE YEARS AS NEW TECHNOLOGY IS ASSIMILATED INTO EXISTING BUSINESS MODELS. Transportation is a visible example as computer driven vehicles soon will displace many truckers and bus/taxi drivers. MILLIONS OF JOBS WILL BE LOST OVER THE NEXT 10-15 YEARS. BUT MEDICINE, MANUFACTURING AND EVEN SERVICE INTENSIVE JOBS ARE AT RISK. INVESTMENT MANAGERS TOO! NOT ONLY BLUE COLLAR BUT NOW WHITE COLLAR PROFESSIONALS ARE BEING THREATENED BY TECHNOLOGICAL CHANGE. Nobel Prize winning economist Michael Spence wrote in 2014 that "should the digital revolution continue…The structure of the modern economy and the role of work itself may need to be rethought." The role of work? Sounds like code for fewer jobs to me. And if so, as author Andy Stern writes in _Raising the Floor_, a policymaker — a future President or Prime Minister — must recognize that existing government policies have "built a whole social infrastructure based on the concept of a job, and that concept does not work anymore." And again, Cashin has seen this change on the floor firsthand. Technological change is real, and the job losses that result are painful as well. If we don't work for a living in a future in which robots are doing most of the jobs, at least in Gross' world we would get paid just, well, to exist. The future of what work means is all a bit complicated and uncertain. But Cashin, always the humble arbiter of the investment world's conventional wisdom, concludes, "At any rate, this is a topic that is a growing concern to some very bright people." "We all need to watch this carefully," he said, "very carefully." SEE ALSO: SOON WE'LL GIVE PEOPLE MONEY TO DO NOTHING, WHETHER BILL GROSS LIKES IT OR NOT Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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Herbalife is surging after a report that the company has settled its FTC investigation (HLF)

[herbalife] Herbalife shares jumped by as much as 8% in trading Tuesday following a report that the company has reached a settlement agreement with the Federal Trade Commission.  The New York Post reported, citing someone familiar with the matter, that Herbalife reached an agreement in principle to settle an investigation into whether it is an alleged pyramid scheme.  An announcement of a deal could come later Tuesday although nothing is final yet, the Post reported, adding that Herbalife has agreed to a hefty fine.  The FTC opened a probe into the company after hedge fund manager Bill Ackman alleged that Herbalife operated like a pyramid scheme. The company sells weight-management products through a network of independent distributors who earn sales commissions.  Herbalife said in a regulatory filing in February that it was in talks to potentially resolve the probe.  CNBC's Scott Wapner and Fox Business News' Charles Gasparino said, citing sources, that the report of a settlement is untrue.  Herbalife was not immediately available for comment.  Here's a chart showing the spike in trading:[Screen Shot 2016 05 24 at 11.57.16 AM] Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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The British pound is on fire - here's what's happening in FX

[Screen Shot 2016 05 24 at 12.03.37 PM] Good afternoon! The BRITISH POUND is stronger by 1.0% at 1.4622 against the dollar at 12:03 p.m. ET. This follows a new poll conducted by the ORB for the Daily Telegraph, which suggests that "Remain" is building a big lead in the Brexit vote. 55% of respondents said they back staying in the EU, compared to just 42% who said they want to leave. The referendum will take place on June 23. As for the rest of the world, here's the scoreboard: * The US DOLLAR INDEX is stronger by 0.3% at 95.56. Notably, the greenback may have more room to advance this year and next, as investors factor in a more active Federal Reserve and better-performing economy. "We believe we have seen the lows for the year," a Deutsche Bank team wrote last week. "We still see the Fed as an important market driver and do not believe the dollar up-cycle is over. We remain dollar bulls, particularly against Asia and China FX." * The EURO is weaker by 0.7% at 1.1143 against the dollar after "Euro-area finance ministers signaled a willingness to compromise with the International Monetary Fund’s hard line on Greek debt relief," according to Bloomberg News. Separately, Germany's economic sentiment fell in May. The country's ZEW survey sank to 6.4 from April's 11.2 print, missing expectations of an increase to 12.1. * The TURKISH LIRA is stronger by 1.7% at 2.9437 after Turkey's central bank lowered its overnight lending rate by 50 basis points to 9.5%. This decision "provides further evidence that political pressure to loosen monetary policy is outweighing concerns about the currency in the MPC's decision making," argued Capital Economics' William Jackson. * The JAPANESE YEN is weaker by 0.7% at 110.00 per dollar. "The greenback held above JPY109 and bounced to recoup 38.2% of its decline since the pre-weekend high near JPY110.60," wrote March Chandler, the global head of currency strategy at Brown Brothers Harriman, in a note to clients. "A move above this retracement (~JPY109.70) may yield minor gains, as it is likely to struggle to sustain gains above JPY110." Join the conversation about this story » NOW WATCH: Japan has built a massive ice wall around Fukushima


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Millennials are more likely to live at home than any other young adults in American history

[Millennial] Millennials are staying at home. According to a new study by the Pew Research Center, millennial men are more likely to live with their parents than with a spouse or partner, with 35% staying with mom and dad and just 28% living with a significant other. Millennial women are less likely to live at home than with a partner, but not by much. Thirty-five percent live with a significant other, while 29% live with their parents. This is the smallest gap for young-adult women ever recorded by Pew. In fact, more millennials (ages 18 to 34 as defined by Pew) are living at home than in any other living arrangement. This is the first time a plurality of young adults in that age bracket have lived with their parents, rather than on their own or with a partner or roommates, in American history, according to the Pew analysis. A grand total of 32.1% of millennials are living at home. [ST_2016.05.24_young adults living 02]There could be a few reasons for this shift, according to Richard Fry at Pew, but chief among them is that young people just aren't settling down the way they used to. "This turn of events is fueled primarily by the dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35," Fry said in a post on the study. "Dating back to 1880, the most common living arrangement among young adults has been living with a romantic partner, whether a spouse or a significant other. This type of arrangement peaked around 1960, when 62% of the nation's 18- to 34-year-olds were living with a spouse or partner in their own household, and only one-in-five were living with their parents." Fry also noted that some of the difference between men and women may be driven in part by changes in economic status. On the one hand, the percentage of young men employed in the workforce has dropped from its all-time high in 1960, and wages for the cohort have declined. On the other hand, young women have steadily been increasing their employment since that time. So much of the divergence, Fry said, comes from women delaying cohabitating with a partner because of improved job prospects for them and declining prospects for men. Underlying these trends could be a variety of economic factors including student debt, the high cost of first-time homes, and slower-than-expected wage growth over the past few years. Add those all up and there are more than a few economic deterrents from getting out of the childhood bedroom. The study also notes that educational attainment and ethnic or racial background can influence living situations. For example, those with bachelor's degrees were much more likely to not live at home than those with less education. Whatever the reasons, it's clear that more and more young adults are crashing with mom and dad. CHECK OUT THE FULL STUDY ON PEW» SEE ALSO: GOOD NEWS IS COMING FOR AMERICA'S LOW-WAGE WORKERS DON'T MISS: AMERICAN COMPANIES ARE 'MASKING' A $6.6 TRILLION MOUNTAIN OF DEBT Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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HERE IT IS: One brutal chart shows death is imminent for America's department stores

Old-school retail has been getting walloped lately. Earnings for such venerable institutions as Macy's, Nordstrom, and Kohl's all came in weak. Plus the recent retail sales report didn't look too good for brick-and-mortar stores. Torsten Sløk, chief international economist at Deutsche Bank, has one chart in his monthly chartbook that lays out a pretty straightforward the reason for the decline. In the chart, Sløk presents the startling decrease in the amount of income Americans spend on clothing. Since 1980, the share of consumers' money going to clothing has been sliced nearly in half: [Screen Shot 2016 05 24 at 2.40.57 PM] Part of this has been the shift to online shopping, which not only yanks consumers away from brick-and-mortar stores but crushes margins for those traditional retailers. As Sløk points out, the fortunes of online retailers and department stores have slowly been diverging as more shoppers are flocking online. So not only are shoppers spending more on non-clothes items, but they are increasingly looking for other sources of goods. Another chart from Sløk shows that overall spending at nonstore retailers (mostly online retailers) has been increasing for the last several years, while department store spending has been flat or declining: [Screen Shot 2016 05 24 at 2.56.39 PM]   So there you have it, the autopsy report for department stores in chart form. SEE ALSO: ONE PARAGRAPH NAILS EVERYTHING WRONG WITH BIG-BOX RETAILERS LIKE GAP AND MACY'S Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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STOCKS RALLY: Here's what you need to know (XHB, TOL, DIA, SPX, SPY, QQQ, TLT, IWM, DSW, BBY, GS, MON)

[stock traders confetti celebration] Stocks rallied on Tuesday after doing nothing on Monday and sending the S&P 500 back to within about 50 points of a record high.  First, the scoreboard: * Dow: 17,713, +220, (+1.3%) * S&P 500: 2,076, +28.8, (+1.4%) * Nasdaq: 4,862, +96, (+2%) * WTI crude oil: $48.80, +1.6% * 10-year Treasury: 1.865% HOUSING The housing market is a bit of a conundrum right now. On Tuesday, the April report on new home sales showed sales rose 16.6% over the prior month to an annualized rate of 619,000 homes, the fastest pace since January 2008. Ian Shepherdson, an economist at Pantheon Macroeconomics, said in a note Tuesday that this number tends to be quite volatile, but said this figure is, overall, consistent with increasing mortgage demand. Tuesday's report showed the biggest gains came from the South, where new home sales rose to an annualized rate of 352,000. The current supply of new homes also tightened dramatically to 4.7 months of inventory at the current pace of sales to 5.5 months. Broadly, this report jibes with earnings out of luxury homebuilder Toll Brothers released Tuesday morning that showed increasing demand for new homes with secular tailwinds working in favor of the company. "We continue to believe the drivers are in place to sustain the current housing market's slow but steady growth," the company said in a release. "Interest rates remain low, the job picture continues to improve, HOME EQUITY VALUES ARE RISING, SUPPLY REMAINS CONSTRAINED AND THE INDUSTRY IS STILL NOT BUILDING ENOUGH HOMES TO MEET THE DEMAND THAT CURRENT DEMOGRAPHICS IMPLY ARE NEEDED." So, if you can afford a more expensive home — Toll's average selling price in the quarter rose 19% to $855,500 a home — then things are looking up: Toll Brothers is building for you. Also, the tight supply we're seeing in the new home sales data is bullish for a homebuilder. The market's tight supply is Toll's future demand. But on the other side, as we've written in recent months, the new "housing crisis" is, most simply, a lack of supply of starter homes. These are homes for younger families looking to move either out of their parents' homes or from more expensive metro areas into a more affordable settings. The accelerating pace of new home sales, however, indicates that not only are things likely to continue up and to the right for companies like Toll, the lower-end of the market might continue to get squeezed, either delaying homeownership or continuing to push rents higher. Or both. RETAIL More retail earnings, more bad news. On Tuesday morning, both footwear retailer DSW and electronics retailer Best Buy delivered disappointing earnings reports and the price of both stocks tumbled. Best Buy shares fell about 7% on Tuesday while DSW was off more than 11%.  But following these disappointing earnings was a chart from Torsten Sløk, chief international economist at Deutsche Bank, who outlined the real problem for malls and mall-style retailers that have traditionally depended on consumers buying clothes. This one is brutal. [Screen Shot 2016 05 24 at 2.40.57 PM] OIL Over the last couple years, the biggest story in markets has been the price of oil.  After sitting near $100 a barrel for years and seemingly having reached something like a permanently high plateau, prices crashed about 70% and, despite a recovery in the last couple months, are still about 50% from those highs.  And now as prices have been well off expected levels for some time, the pain is beginning to be felt in the oil industry, most clearly seen by an increase in default rates among high-yield bond issuers in the energy space. The default rate has hit about 20% for these companies while the overall default rate for high-yield issuers is closer to 3.5%.  On the one hand, you might think this means credit market stresses are confined to energy companies. But Deutsche Bank's Oleg Melentyev thinks this argument would be flawed, wrong even, noting that the last two credit down-cycles have first seen stresses appear in limited parts of the market — telecom in 2000, banks in 2008 — before broader impacts appeared.  Enter the auto market.  On Tuesday the New York Fed's latest report on US household debt was released and it showed an increase in auto loan delinquency rates in oil-producing regions. And so as oil prices have crashed many producers have been forced to re-trench, leading to layoffs and, eventually, folks falling behind on their car payment.  Auto sales, we'd note, have been one of the strongest pockets of consumer spending over the last few years with these sales stoked by widely available credit for borrowers.  And while, again, you might say these delinquency rates — which could lead to eventual defaults — are confined to states where the impact from lower oil prices is more direct, the circle of life here is:  an increase in delinquencies in one region leads to broadly tighter credit standards; which could lead to fewer overall auto sales which could impact consumption; this might hurt economic growth, which might to layoffs and thus more borrowers falling behind on loans and so on.  This is all a ways off if it even materializes. But credit cycles (and economic cycles, business cycles, etc.) are called "cycles" because the whole thing, ultimately, is connected.  ADDITIONALLY NYSE legend Art Cashin is worried about the rise of robots.  Goldman Sachs estimates Obama's new rule on overtime pay could add 100,000 jobs to the economy. The biggest tech IPO of the year could make its filing with the SEC as soon as next week. Monsanto rejects Bayer's $62 billion takeover offer.  Nasdaq just dealt a huge blow to the cannabis industry.  SEE ALSO: MILLENNIALS ARE MORE LIKELY TO LIVE AT HOME THAN ANY GENERATION OF YOUNG ADULTS IN HISTORY Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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Greek, Egyptian authorities disagree on what happened to EgyptAir Flight 804

… , challenging an earlier account by Greece's defence minister. Azmy … explain the discrepancy between the Greek and Egyptian accounts of the … planes from Britain, Cyprus, France, Greece and the United States are …


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Greek police help evacuate more than 1,000 refugees from camp

… new refugee camps in northern Greece, police said, while earth-moving machinery … been trapped in financially struggling Greece since countries further north shut … . Anastassios Saxpelidis, a spokesman for Greek transport companies, said the 66-day …


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Hundreds of migrants relocated from squalid Greek border camp

… to northern Europe. On Monday, Greece's migration spokesman Yiorgos … viable than debt-hit Greece. The leftist government of Greek Prime Minister Alexis … 54,000 migrants stranded in Greece, according to government estimates. So …


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Greece evacuates a thousand people from Idomeni refugee camp with an estimated 700 police

IDOMENI, Greece — Greek authorities sent hundreds of police … new refugee camps in northern Greece, police said, while earth-moving machinery … been trapped in financially struggling Greece since countries further north shut …


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Greek cops evacuate hundreds from Idomeni re...

IDOMENI (Greece): Greek authorities sent hundreds of police … new refugee camps in northern Greece, police said, while earth-moving machinery … been trapped in financially struggling Greece since countries further north shut …


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Will Greece get next bailout payment?

Will Greece get next bailout payment? Arkadelphia … at 3:34 PM Will Greece get next bailout payment? Arkadelphia …


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No ‘haircut’ for Greece as Eurogroup hold bailout talks

… latest round of negotiations over Greece. They are expected to confirm … immediate generous debt restructuring for Greece – often talked about as a … some of those problems.” The Greek debt is currently € 321 bn …


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Alternate FM Xydakis’ intervention at a meeting of the EU General Affairs Council (Brussels, 24 ...

In his intervention at today’s meeting of the EU General Affairs Council (GAC), in Brussels, the Alternate Foreign Minister for European Affairs, Nikos Xydakis, noted that “at the last meeting of the European Council, my country took what is generally admitted to be a disproportionate burden for the EU as a whole, receiving the theoretical assurances of its partners that ‘it will not be left on its own’ in dealing with the issue. Greece met its obligations in a direct and complete manner, receiving little help from its partners. We see that the solidarity of our partners is waning at...


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More Dutch opt to holiday at home; Greece and Turkey hard hit

While 75% of families in the Netherlands are planning a foreign holiday this year, there has been a rise in...


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2,000 migrants moved from Greek border camp

[Greek authorities predict it will take 10 days to clear all the 8,400 refugees and migrants from a makeshift camp on the Greek-Macedonian border near Idomeni, on May 24, 2016]Greek police on Tuesday transferred over two thousand migrants out of the overcrowded camp of Idomeni, launching a major operation to clear up the squalid tent city where thousands fleeing war and poverty have lived for months.


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Thousands of migrants saved in 23 rescue operations off Libya

[Migrants disembark from the Italian coastguard vessel Peluso in the Sicilian harbour of Augusta]Some 3,000 migrants were saved off the Libyan coast on Tuesday in 23 separate rescue missions, the Italian coastguard said in a statement. The coastguard said this meant more than 5,600 migrants had been rescued from various boats and dinghies in the southern Mediterranean in just two days, with every ship in the area being called on to help with the complex operation. Humanitarian organisations say the sea route between Libya and Italy is now the main route for asylum seekers heading for Europe, after a European Union deal on migrants with Turkey dramatically slowed the flow of people reaching Greece.


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Anastasiades outburst jeopardizes Cyprus talks

Greek Cypriot President Nicos Anastasiades’ decision to cancel peace talks scheduled for May 27 after cutting short a trip to Turkey for the World Humanitarian Summit (WHS) due to anger over a perceived protocol breach has put the United Nations-brokered Cyprus peace talks into jeopardy


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Prince Andrew's latest torment is not the only pointer to royals' future

Perhaps when the time comes we should pare down the monarchy to ‘core business’, setting the royal family - and us - free Oh dear, the Duke of York is in trouble again, this time over allegations that he used his contacts book to help facilitate a questionable trade deal in central Asia in the hope of earning a £4m commission to keep him afloat. The deal, which involved a Greek-Swiss infrastructure contract in Kazakhstan, fell through, but the palace failed to prevent publication. That’s not as serious as the Spanish royal family’s corruption problems – now in the courts – nor as terminal as those of earlier dukes of York, as seen in the BBC’s recent Shakespeare history season where, by my count, three end up dead. But it’s bad enough. Continue reading...


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Blue Plate® Introduces Category First: Mayonnaise Made with Greek Yogurt

NEW ORLEANS, May 24, 2016 /PRNewswire/ -- Blue Plate ® Mayonnaise, one of the country's oldest and most beloved condiment brands, is shaking up the mayonnaise aisle with the industry's first mayonnaise made with Greek yogurt. Blue Plate Light Mayonnaise ...


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Greek journalists draft ethics code to fight racist coverage of refugees

This statement was originally published on europeanjournalists.org on 12 May 2016. The European Federation of Journalists (EFJ) is strongly supporting the initiative of its affiliate in Greece the Journalists' Union of Macedonia and Thrace Daily Newspapers ...


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The Greek Fiction

The eurozone has reached the point where it can have a Greek crisis without Athens even participating. Witness the argument among creditors about Greek debt relief. Ahead of Tuesday’s summit of eurozone finance ministers, the International Monetary Fund ...


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Greece to start key data handover on EgyptAir crash Wednesday

Greece will start dispatching key information on the EgyptAir crash to Egyptian authorities on Wednesday, including data from the airliner as it flew through Greek airspace moments before disappearing, a source close to the probe said on Tuesday. Greek Defence Minister Panos Kammenos last week said the aircraft took a sudden 90 degree turn, before flipping 360 degrees in the opposite direction and plunging from a cruising altitude of 37,000 feet to 15,000 feet, then vanishing.


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How Turkey is learning to provide for urban Syrian refugees

From the heart of this sprawling megacity to its overflowing distant suburbs, Syrians are finding lifelines in hole-in-the-wall service centers as they seek a way to Europe – or are forced to stop, exhausted often out of cash and out of hope. Turkey has largely kept an open-door policy during the 5-year Syrian war, hosting 2.7 million Syrian refugees so far, and a handful of Turkish nongovernmental organizations have stepped in to help as the influx has grown. Syrians constituted the bulk of the million refugees who made it to Europe last year by sea, risking their lives in perilous boat crossings from Turkey to Greek islands.


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Buses and Bulldozers: Refugees are removed from Greek camp

[Greek police secure the passage of a bus carrying migrants evacuated from the makeshift camp in Idomeni, Greece, Tuesday, May 24, 2016. Greek authorities sent hundreds of police into the country's largest informal refugee camp Tuesday to support the gradual of evacuation of the Idomeni site on the Macedonian border. (AP Photo/Darko Bandic)]IDOMENI, Greece (AP) — It grew to the size of a small town, becoming a symbol of Europe's closed border policy for migrants and refugees. On Tuesday, Greek authorities began to dismantle it.


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HIGHLIGHTS-Euro zone ministers meet to discuss GREEK debt

ON GREEK REFORMS. "We will have a decision. I am confident we will get an agreement in substance today, with technical, detailed work afterwards.


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Euro Area Signals IMF Concessions on GREEK Debt as Talks Begin

Euro-area finance ministers signaled a willingness to compromise with the International Monetary Fund's hard line on GREEK debt relief as they ...


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Noonan expects ministers to sign off on GREEK funds

Officials declined to comment on reports that Greece's European lenders, who hold the vast majority of GREEK debt, could “buy out” the IMF's ...


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GREEK police begin relocating refugees from makeshift border camp

GREEK police begin relocating refugees from makeshift border camp. Policemen stand next to tents during a police operation at a makeshift refugee ...


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Eurogroup chief sees no GREEK debt deal without IMF

The IMF believes that GREEK public debt at the current level of about 180 percent of gross domestic product (GDP) is unsustainable and must be ...


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KouZina GREEK Street Food to open Ann Arbor location next week

ANN ARBOR, MI -- After nearly a year of renovation and reconstruction efforts, KouZina GREEK Street Food opens its doors to customers next week.


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GREEK Authorities Begin Clearing Thousands from Idomeni Refugee Camp

GREEK authorities have begun clearing thousands of stranded refugees from a makeshift camp along the border with Macedonia. At least 8,400 people ...


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Euro zone to unblock new GREEK loans, but debt relief still distant

The IMF, which has yet to sign up to the current GREEK bailout, insists that Athens needs substantial debt relief and that binding decisions have to be ...


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Is the IMF under-counting the GREEK government's financial assets?

According to the International Monetary Fund, the GREEK government's financial assets were worth around €3bn in 2015, or less than 2 per cent of ...


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Stranded Refugees Evacuated from GREEK Border Camp

Stranded Refugees Evacuated from GREEK Border Camp. Refugees and migrants living in a squalid, makeshift in Idomeni, Greece, are being ...


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GREEK crisis talks return as negotiators face off over debt relief demands

Debt relief should be looked at because the GREEK burden “is very high and there will be some problems in the future”, the Dutch finance minister said, ...


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GREEK police are moving thousands of refugees out of the Idomeni camp

“We understand why the GREEK authorities want to move people into more formal camps, because the conditions in Idomeni have been miserable,” ...


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IMF Proposes Tough Task for ESM as GREECE Seeks Sustainable Debt

As European finance ministers meet in Brussels to decide on the next bailout payment to GREECE, the International Monetary Fund has come up with a ...


READ THE ORIGINAL POST AT www.bloomberg.com

SENSATIONAL CLAIM: GREECE'S economic collapse is BRITAIN'S fault and our banks should pay

On the eve of the decision to give GREECE £9billion in emergency loans, the charity's director Sarah-Jayne Clifton said even an even bigger bailout ...


READ THE ORIGINAL POST AT www.express.co.uk

Fraport GREECE Moving Forward in 14 Regional Airports, Welcomes Ratification of Contracts

“We are convinced that our engagement in GREECE will act as a catalyst for the growth of the country's vital tourism sector,” said Alexander Zinell, ...


READ THE ORIGINAL POST AT greece.greekreporter.com

PHOTOS: GREECE Begins Evacuating Thousands Of Asylum-Seekers From Camp

Greek authorities have started to move migrants and refugees out of the makeshift Idomeni camp, near the border with Macedonia. The camp houses ...


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IMF Insists GREECE Needs Unconditional Debt Relief

The IMF is still fighting the good fight about economic reality over the Greek debt crisis. They are stating, as they should be, that the debt is simply too ...


READ THE ORIGINAL POST AT www.forbes.com

Idomeni: GREECE says operation to clear camp going smoothly

Despite terrible living conditions, many of the migrants and refugees in the camp had previously resisted attempts by GREECE'S government to get them ...


READ THE ORIGINAL POST AT www.euronews.com

Eurozone officials hope to give GREECE next tranche of bailout

European officials have voiced optimism that GREECE could unlock the next ... GREECE is in line for an €11bn (£8.4bn) tranche of bailout funds, the ...


READ THE ORIGINAL POST AT www.theguardian.com

The Abhorrent and Detestable International Treatment of GREECE

Modern GREECE is not a model of virtue. No country is. But to understand the current Greek tragedy brought about largely by the European Union and ...


READ THE ORIGINAL POST AT www.huffingtonpost.com

Brussels Briefing: Greek debt in charts

Welcome to Monday’s edition of our daily Brussels Briefing. To receive it every morning in your email in-box, sign up here.


READ THE ORIGINAL POST AT blogs.ft.com