Socceroos striker Apostolos Giannou said he would have no trouble celebrating if he scores against GREECE at ANZ Stadium tomorrow night, despite ...
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How the world sees Greece
Thursday, June 2, 2016
GREECE no longer word as Aussie is one that he wants
Billionaire Steve Schwarzman just went off on the Dodd-Frank Act
[Stephen A. Schwarzman, Chairman and Chief Executive Officer of The Blackstone Group in New York February 27, 2014. REUTERS/Brendan McDermid ]Billionaire Steve Schwarzman can't stop hammering the Dodd-Frank Act. At the Bernstein Thirty-Second Annual Strategic Decisions Conference 2016, the Blackstone Group chairman and CEO& discussed issues ranging from Brazil's economic growth to distressed energy companies in the US. Among his biggest concerns was the impact of regulations. Here's Schwarzman (emphasis ours): What's happening during that period is the junk bond market just went on sabbatical when illiquid. SO, FOR ALL OF YOU DODD-FRANK LOVERS, HERE'S WHAT HAPPENS WHEN YOU HAVE A COMMITMENT TO REGULATION AND REFORM, AND YOU DON'T QUITE UNDERSTAND ALL OF THE IMPLICATIONS. So, when they passed the Volcker rule, there were 25 firms making markets in junk bonds. Guess how many there are now. Five. That's 25 to 5. Triumph? You decide. Okay. So, what happens when things get difficult, that market now just locks up. That is not healthy for the capital markets. And this is happening all over. It's when you get almost all the market makers out of doing market making, right? So, it affects the treasury market. It affects all markets, and liquidity is coming down because we mandated that to make the world safer. THIS DOES NOT MAKE THE WORLD SAFER BY THE WAY. THIS IS NOT ENCOURAGING THE WORLD TO BE SAFE BECAUSE WHEN PEOPLE NEED TO SELL, AND THERE ISN'T LIQUIDITY, WHAT HAPPENS? THEY SELL SOMETHING ANYHOW, AND SO YOU DEVELOP THESE ODD OUTCOMES, RIGHT? In 2010, Congress passed the Dodd-Frank legislation intended to discourage risky behavior and avoid another financial crisis. Part of the law — the "Volcker rule" — restricts banks' abilities to speculate in markets and invest in private equity funds. Some blame the new regulations for killing market liquidity, as higher capital requirements limit Wall Street's ability to step in to buy securities as prices drop. We've seen some arguments about this phenomenon in the bond market. The regulation also required private equity firms with more than $150 million in assets, such as Blackstone, to register as investment advisors, which are subject to annual examinations. Last October, the firm paid a $39 million fine after the SEC found that Blackstone charged excessive "monitoring" fees, which are paid annually by the companies owned by the private equity firm. "We're so overregulated as a country that we just crushed our productivity," Schwarzman said. "That's temporary because it's reversible if anybody politically chooses to reverse it. If they wanna accelerate it, good luck." This isn't the first time Schwarzman has thrown a fist at government regulations. In an op-ed article for The Wall Street Journal published last June, Schwarzman argued that Dodd-Frank and other regulations like the Volcker Rule are setting us up for the next financial crisis. SEE ALSO: BILLIONAIRE HOWARD MARKS JUST SKEWERED US POLITICIANS CLAIMING THEY'LL 'BRING BACK THE JOBS' Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted
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| READ THE ORIGINAL POST AT www.businessinsider.com |
The Latest: 6 injured in migrant clashes on Greek island
Greek police say clashes have broken out between rival ethnic groups of refugees and other migrants at a detention camp on the eastern Aegean Sea island of Samos. Police say six people have been injured and 25 detained. About 1,100 people are held in the ...
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| READ THE ORIGINAL POST AT www.kswo.com |
Cyprus: cultural rights are not ‘bargaining chip,’ UN expert warns
The political division between Greek and Turkish communities in Cyprus creates many obstacles to the exercise of cultural rights, which should not be considered as a bargaining chip, a United Nations human rights expert said today at the end of her first fact-finding mission to the island nation.
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U.S. ranks 28th in world 'quality' index, behind GREECE, Poland
The United States ranks a mediocre 28th in a new world quality index, way behind winner Germany and even below Poland and ...
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| READ THE ORIGINAL POST AT www.washingtonexaminer.com |
Turkey wants to end NATO’s refugee mission in the Aegean
It seems that despite positive political rhetoric at governmental levels and deepening bilateral relations on all fronts, Greece and Turkey have not yet reached the level of maturity that can enable the two to overcome their differences over the Aegean and engage in maritime cooperation in the seaway that separates the two countries
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| READ THE ORIGINAL POST AT www.hurriyetdailynews.com |
The Latest: Migration crisis with Europe for 'a generation'
ATHENS, Greece (AP) -- The Latest on Europe's migration crisis (all times local): 9:10 p.m. A senior EU official says the migration crisis will be with Europe "for at least a generation." EU Commissioner Frans Timmermans says it will be visible in "the ...
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| READ THE ORIGINAL POST AT ap.stripes.com |
GREEK bond yields climb
GREEK government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap ...
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Demo finalists: Opa! Get your GREEK food on
The GREEK Food Festival only happens once a year, but never fear – there are plenty of gyros and spanakopita to go around. Demo voters spoken up ...
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Fish Plaki
Fish Plaki is a traditional Greek recipe for oven-baked fish. This flavorful recipe is light and relatively quick to prepare and cook. Prepping the vegetables will probably be the most time-consuming part of the cooking process. Use you favorite whole fish or fish fillets and enjoy. Fish Plaki 1/4 cup Greek extra virgin olive oil
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Migrant men in GREECE are selling sex to survive
Stranded migrants from Afghanistan and other countries crowded into Athens' Victoria Square in March. This and other sites around the city are also ...
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| READ THE ORIGINAL POST AT www.pri.org |
Greek restaurant to open on Chester's Watergate Row next month
… Annes, promises to offer modern Greek fare for up to 164 … Tree Brasserie specialises in modern Greek food Heralding the opening of … making Greek dining easier to find. “My plans to make modern Greek …
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| READ THE ORIGINAL POST AT world.einnews.com |
10th Annual Los Angeles Greek Film Festival to Feature Coverage by Host & Media Personality Katerina Cozias
… with Antenna Television in Athens, Greece, making her the ideal choice … Greek news portal for Greeks in Greece and abroad, Katerina is fluent in Greek … festivals showcasing new films from Greece & Cyprus. The festival will …
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The Big Idea: Kelley Grant
Source: whatever.scalzi.com - Thursday, June 02, 2016 Sometimes the Big Ideas of a book series can grow, and the author is left wondering, great, now, how do I make this work? With The World Weavers , author Kelley Grant considered the overall concept of the trilogy she’d written, and how to make the expansive big idea of it come to a satisfying conclusion. KELLEY GRANT: While watching the local news one night I began considering the likelihood that we’d created God in our image, because if he’d created us in his image and this was how he acted, we were doomed. It made me think of the Greek gods and goddesses, their very human flaws and how difficult they made life for mere mortals. My brain started clicking. What if there were truly a greater being, but not in our form? And it created humans, but found we couldn’t govern ourselves. That One being might create some deities in our image so they could understand us, to take care of us. But, if they were human-like deities with great power, what creature would protect humans from the deities’ envy and greed and selfishness? My dog put his head on my lap, but he was too loyal, too kind. My cat lounged on my brand new sweater, depositing fur and claw holes and gazed upon me with contempt and ownership. That seemed like a concept to write about – a land ruled by dangerous, capricious deities who were held mostly in check by great cats loyal to the One-being who created all. Throw in some rebellious humans and that idea served as the basis All Related
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True villain of this Greek tragedy should be the EU: QUENTIN LETTS first night review of Sunset At The Villa Thalia
The Royal National Theatre, heavily funded by our Government, has come up with a new play about the displacement of Greeks in their own country. Sunset at the Villa Thalia conjures romantic notions of nationalism. Playwright Alexi Kaye Campbell is ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Mario Draghi: No ECB decision on Greek waiver yet, program Review first
Much awaited, nothing happened… The waiver keeps waving form far away. President Mario Draghi said today that the European Central Bank board of directors did not switch green light ON in order to accept Greek bonds as collateral. At a press conference in Vienna, Draghi said: “Once the prior actions […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
GREEK Lawmakers Approve Changes Needed for Next Bailout Funding
“A long and difficult circle [for the GREEK economy] is formally completed today,” Prime Minister Alexis Tsipras said in a televised address at a cabinet ...
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| READ THE ORIGINAL POST AT www.wsj.com |
Group of 113 Afghan migrants land of Greek island of Crete
It is the island's first big arrival on the island since the migrant crisis began over a year ago. Crete, Greece's southernmost island, lies north of Libya and Egypt. Migrants hurt after vicious brawl at detention camp in Greek island... The 113 migrants ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
Greek parliament approves tweaks to latest austerity package
ATHENS, Greece — Greece's parliament has approved a new batch of tweaks to its creditor-mandated austerity program, which it hopes will unlock a promised, vital loan installment. The amendments, which include adjustments to some civil service salaries ...
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EU's Juncker Says GREECE Has Potential to Turn the Corner
GREECE has been “anchored” in the euro “and I believe GREECE now has the potential to turn the corner,” Juncker said at a conference in Brussels on ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
How Greece lost Giannou to Socceroos
He’s the striker Greece came within a whisker of stealing from Australia, and Socceroo Apostolos Giannou admits it’ll be a bit surreal facing his country of birth. It was only six months ago that Giannou played for Greece, coming off the bench for 20 ...
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| READ THE ORIGINAL POST AT www.theroar.com.au |
Greek parliament approves reforms for bailout funds
ATHENS (Reuters) - Greek lawmakers approved on Thursday a set of extra measures demanded by international lenders for the country to receive further bailout funds and cheap bank funding from the European Central Bank. Athens and its creditors - the ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
ECB holds back on ultra-cheap loans for Greece
No waiver yet on using Athens bonds as bank collateral
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| READ THE ORIGINAL POST AT www.ft.com |
The Latest: Hungary, Slovakia Break up Human Smuggling Ring
Police in Hungary and Slovakia say they have broken up a network of 19 human smugglers taking migrants from Greece through Serbia to Hungary and then onto western Europe
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| READ THE ORIGINAL POST AT abcnews.go.com |
Yale band plays in GREEK migrant camp
Yale, who like to be first, are claiming that their Concert Band's performance for Afghan and Syrian migrants yesterday at the Eleonas Refugee Camp ...
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| READ THE ORIGINAL POST AT slippedisc.com |
Tsipras Celebrates Greek ‘Success Story’ at Cabinet Meeting
Prime Minister Alexis Tsipras addressed a meeting of the cabinet on Thursday. He expressed the expectation that the European Central Bank (ECB) will decide on a waiver to allow it to accept Greek bonds as collateral after the review of the Greek program is ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
ECB raises 2016 euro area growth, inflation forecasts
The European Central Bank said on Thursday it would wait for GREECE to implement its agreed reforms before welcoming it back into the fold of ...
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| READ THE ORIGINAL POST AT www.channelnewsasia.com |
France's Valls in GREECE for Talks on Economic Cooperation
Manuel Valls is due to meet GREECE'S figurehead president, Procopis Pavlopoulos, later Thursday. On Friday, he will hold talks with left-wing Prime ...
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| READ THE ORIGINAL POST AT abcnews.go.com |
Tarpon Springs Elementary hopes to form bond with students in GREECE
Tarpon Springs Elementary students got to hang out and chat with some new friends in GREECE last week — and they never had to leave the library.
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| READ THE ORIGINAL POST AT www.tampabay.com |
Greece expects ECB to reinstate waiver after lenders' approval of reforms
ATHENS, June 2 Greece expects the European Central Bank … a 'waiver' allowing Greek banks access to cheap funding … .Tsipras also said he hoped Greece could take part in the …
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| READ THE ORIGINAL POST AT world.einnews.com |
Refugees In Greece Relegated To 'Derelict Warehouses' After Idomeni Camp Closure
ATHENS -- International aid organizations are troubled by the conditions inside Greek government-run refugee centers after authorities hastily evacuated the makeshift refugee camp in Idomeni at the Greece-Macedonia border last week. Approximately 4,000 ...
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Greek Festival returns to Holy Trinity Greek Orthodox Church
Celebrate Greek culture with food, music and family-friendly activities at the 32nd annual Greek Festival in Egg Harbor Township, beginning on Thursday, June 2 and continuing through Sunday, June 5. Hosted by Holy Trinity Greek Orthodox Church since 1984 ...
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| READ THE ORIGINAL POST AT www.atlanticcityweekly.com |
Last journey: The migrant who lost everything
The migrant who lost everything trying to reach Greece
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| READ THE ORIGINAL POST AT www.bbc.com |
Opa! Our guide to Wilmington's GREEK Festival
Wilmington turns GREEK June 7 to June 11 with the 41st annual Holy Trinity GREEK Festival, Delaware's only GREEK festival by its only GREEK Orthodox ...
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| READ THE ORIGINAL POST AT www.delawareonline.com |
Who'll start for Caltex Socceroos v GREECE?
Keeper: Mat Ryan: The Caltex Socceroos first choice keeper when fit, Ryan will be looking to put in a strong performance to impress new Valencia ...
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| READ THE ORIGINAL POST AT www.footballaustralia.com.au |
The philosophy, goals and operation of KKR in GREECE
US private equity firm KKR is promising Greek companies that become eligible for restructuring under a new deal signed last month with with Greek ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
GREECE, Brexit in focus at ECB meeting in Vienna
VIENNA: The European Central Bank said on Thursday (Jun 2) it would wait for GREECE to implement its agreed reforms before welcoming it back into ...
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| READ THE ORIGINAL POST AT www.channelnewsasia.com |
German authorities arrested three men accused of planning an attack in Dusseldorf for IS
[ISIS]Ali Hashisho/Reuters BERLIN (AP) — German authorities on Thursday arrested three Syrian men suspected of planning an attack in Duesseldorf for the Islamic State group, prosecutors said. They said the plot was thwarted by a fourth suspect, who went to French authorities with details earlier this year. The three men were arrested in three different German states, federal prosecutors said in a statement. The plan called for two suicide attackers to blow themselves up in central Duesseldorf and then for further assailants to kill as many people as possible using firearms and explosives, prosecutors said. However, they said there were no indications that they had started with concrete preparations. The three men arrested in Germany were identified as Hamza C., 27; Mahood B., 25; and Abd Arahman A. K., 31. The suspect in custody in France was identified as Saleh A., 25, also from Syria. Their full names weren't released in keeping with German privacy rules. Prosecutors said that Saleh A. and Hamza C. joined IS in Syria in 2014 and got instructions from the group's leadership to carry out an attack in Duesseldorf. The two traveled to Turkey in May 2014 with IS approval, they added. In March and July 2015, they traveled separately via Greece to Germany. The pair convinced Mahood B. to join the plot at some point before January this year, prosecutors said. Also in January, Saleh A. contacted Abd Arahman A. K., who had traveled to Germany in October 2014 with instructions from IS to take part in the attack. According to prosecutors, Abd Arahman A. K. — who previously made suicide vests and grenades for the extremist Nusra Front group in Syria — was supposed to make the suicide vests. The plot was thwarted when Saleh A. went to prosecutors in Paris Feb. 1 with details of the plan. He has been in custody in France since. Prosecutors said that they will seek his extradition. Prosecutors stressed that the arrests are not related to soccer's European Championship, which kicks off in France next week. Germany so far has been spared mass-casualty attacks by Islamic extremists of the type seen in France and Belgium over recent months. NOW WATCH: Adam Savage reveals why he and 'MythBusters' cohost Jamie Hyneman won't be working together anymore
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| READ THE ORIGINAL POST AT www.businessinsider.com |
France to take in 30,000 refugees stranded in Greece by 2018
France has said it will accept 400 refugees per month from Greece, with 30,000 to enter the country in the next two years. The move is part of a relocation deal EU members signed in 2015, but few have actually executed.
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| READ THE ORIGINAL POST AT www.dw.com |
Oliver Curtis: guilty verdict ends 'GREEK tragedy' as jail awaits
It's the end of a story that Curtis's barrister described as a “GREEK tragedy”. Hartman, the key witness for the prosecution, was Curtis's best friend.
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| READ THE ORIGINAL POST AT www.theaustralian.com.au |
ECB Dashes GREEK Hopes on Lifting 'Waiver' on GREEK Bonds
Great expectations resulted in disappointment regarding Greece with the central bank holding back from allowing GREEK banks to resume access to ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Apo Giannou to take on his former GREECE teammates
The 26-year-old, who was born in GREECE but moved to Melbourne with his family as a child, doesn't expect any niggle from his former teammates.
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| READ THE ORIGINAL POST AT www.theaustralian.com.au |
Valls visits GREECE to back Tsipras on austerity, migrants
Some 10.3 billion euros were unblocked in an agreement between GREECE and its creditors last week and European finance ministers agreed to debt ...
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| READ THE ORIGINAL POST AT en.rfi.fr |
Where Do Greek-Americans Weigh in On the 2016 Elections? Take Our Survey
Election season is in full swing as the citizens of the United States of America and the world anxiously await the results of each and every primary and the 2016 Presidential elections. With numerous platforms being discussed and debated, how do Greek ...
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| READ THE ORIGINAL POST AT usa.greekreporter.com |
How San Francisco’s Greek Mayor Saved An Old Greek Wrestler
In 1975, former San Francisco Mayor George Christopher, of Greek descent, rescued from misery Nick Reckas, a former wrestler.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Procal Awarded Highest Scoring Greek-Style Yogurt in Australia
All around the world Greek-style yogurt is trending like never before. Known for its velvety texture, creamy taste and nutritional value, it’s no wonder that last week Procal’s Authentic Greek Yoghurt was awarded the Highest Scoring Greek-Style ...
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| READ THE ORIGINAL POST AT au.greekreporter.com |
Cyprus leaders to reconvene peace talks next week
… leader Mustafa Akinci stand with Greek and Turkish Cypriots children, inside … leader Mustafa Akinci stand with Greek and Turkish Cypriots children, inside … coup aimed at union with Greece split Cyprus. Only Turkey recognizes …
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STOXX Monthly Index News: Investors Welcome Eurogroup Agreement On Greece
… billions in bailout money for Greece pushed worldwide markets, while the …
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ECB keeps key interest rates on hold as policymakers offer no respite for Greece
… , but made no announcement about Greece. Its governing council voted to … re-instate a waiver on the Greece's junk-rated bonds for …
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| READ THE ORIGINAL POST AT world.einnews.com |
8 Great Happenings: Richmond Greek Festival, performing arts and strawberries
… : FRIDAY Richmond Greek Festival The 41st annual Richmond Greek Festival is back … . Where: Saints Constantine and Helen Greek Orthodox Cathedral ; 30 Malvern Avenue …
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