How the world sees Greece
Dae han min guk! That must be what South Koreans were shouting when Parasite won the ultimate Academy Award - Best Picture - on Feb 9. It's a rousing chant they use, most notably at sports events and ...
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Combined 70 years of pharmaceutical sales, distribution and product development expertise Athens, Greece--(Newsfile Corp. - February 22, 2020) - Cannsun Medhel Group PLC ("Cannsun" or the "Company"), ...
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| READ THE ORIGINAL POST AT www.finanznachrichten.de |
ATHENS – Prominent Greek poet Kiki Dimoula died on Saturday afternoon after being hospitalized for several weeks in a private hospital in Athens. She was […] The post Prominent Greek Poet Kiki Dimoula Died appeared first on The National Herald.
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One hundred thousands unique straws made of wheat. The first large quantity of eco-friendly straws, “staramaki” has been produced in the last few days by a Social Cooperative Enterprise (Koinsep) in Kilkis, northern Greece. Producers have exploited the by-product of the wheat crop that is largely cultivated in the area and created a product to … The post Staramaki: Straws made of wheat, innovation made in Greece appeared first on Keep Talking Greece.
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Great Greek poet, Kiki Dimoula, passed away on Saturday afternoon, following days in intensive care unit of a private hospital in Athens. According to a statement issued by the hospital she died of a heart failure following suffering from chronic obstructive pulmonary disease (COPD). In one of her speeches about poetry, Dimoula had said: In … The post Great Greek poet, Kiki Dimoula, passed away at 89 appeared first on Keep Talking Greece.
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Building closed hotspots on islets “is not a government plan,” Alternate Migration and Asylum Minister Giorgos Koumoutsakos said on Saturday, a day after local authorities on the island of Lesvos proposed the new migration center to be build on the uninhabited islet Tokmakia 5 nautical miles of the island. He admitted that there were some … The post “Hotspots on islets not in gov’t plan,” says Deputy Migration Minister appeared first on Keep Talking Greece.
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MELBOURNE – President of the Hellenic Republic Prokopios Pavlopoulos congratulated Greek gymnast Lefteris Petrounias for winning gold in 2020 World Cup Gymnastics in Melbourne, and […] The post Greek President Congratulates Petrounias for Gold in Melbourne World Cup appeared first on The National Herald.
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MIDDLETOWN, NY – Hudson Odysseus Chapter 545 in Middletown, NY hosted their annual vasilopita cutting and supported the Greek School Glendi. For the third consecutive […] The post AHEPA Middletown Lifts Hellenism appeared first on The National Herald.
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ATHENS – A ring of alcoholic beverages and ethyl alcohol importers from Bulgaria was dismantled by the Financial Police in Greece. The 14 members – […] The post Police Dismantle Ring of Alcohol Smugglers with Network in Greece and Bulgaria appeared first on The National Herald.
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AGIOS NIKOLAOS, Greece – A corpse found on the Almiros beach, in Agios Nikolaos of the Lassithi prefecture on Crete, this morning belongs to a […] The post Corpse Found on Cretan Beach Belongs to Young Pakistani Man appeared first on The National Herald.
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HELSINKI — The Finnish government says it has agreed to take in up to 175 asylum-seekers from camps in Cyprus, Greece, Italy and Malta “to […] The post Finland Says to Take in Max 175 Asylum-Seekers from Cyprus, Greece appeared first on The National Herald.
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NASSAU, Bahamas – Annunciation Greek Orthodox Church in the Bahamas, together with the Greek Orthodox Archdiocese of America, hosted Feb. 20, the Executive Committee of […] The post Ecumenical Gathering with the NCC USA at Annunciation Greek Orthodox Church in Bahamas appeared first on The National Herald.
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WASHINGTON – Now that times have changed and Britain is leaving the European Union, it’s time to reconsider Greece’s claim for the return of the […] The post Washington Post: Greece Should Be the Keeper of the Parthenon Marbles appeared first on The National Herald.
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The Finnish government says it has agreed to take in up to 175 asylum-seekers from camps in Cyprus, Greece, Italy and Malta "to alleviate the humanitarian situation" experienced by refugees in the Mediterranean members of the European Union
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| READ THE ORIGINAL POST AT abcnews.go.com |
Two Greek nationals, passengers on cruise ship “Diamond Princess,” were repatriated on Saturday morning and transferred to a hospital in Athens where they will remain in preventive quarantine for 14 days. The two Greeks were ‘trapped’ in the cruise ship since early February. The ship initially carried 3,700 passengers and crew members from 56 countries and … The post Two Greeks in quarantine after repatriated from “Diamond Princess” appeared first on Keep Talking Greece.
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Winter mood with snow on the mountains, temperature drop and ice-cold wind blowing from the North. On the mountain of Parnitha in Attica it started to snow since early Saturday morning. The video from Bafi refuge at an altitude of 1,161 meters, shows an idyllic white landscape, with the mellow snow falling. While there is … The post Winter mood: Snow on Parnitha Mt in North Attica – Weather forecast Greece appeared first on Keep Talking Greece.
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[worried trader] * John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — says market participants should think twice if they believe the Federal Reserve will save them from a market crash. * By his calculations, if valuations revert to their historical norm, investors can expect a negative annual return of 5.18% over the next decade. * Hussman says it's likely that this cycle will end with "market losses on the order of two-thirds of value of the S&P 500." * Click here for more BI Prime stories. The bull market that started back in March 2009 has shrugged its proverbial shoulders at just about anything that was thrown at it: a polarizing US election, a Greek bailout, the prospects of nuclear war, an impeachment, a trade war, Brexit, declining earnings — you name it. But if there's one person that thinks a market crash of epic proportions is long overdue, it's John Hussman, the former economics professor who is now president of the Hussman Investment Trust. "The more glorious this bubble becomes in hindsight, the more dismal future investment returns become in foresight," he penned in a recent client note. "At the market open of Friday, January 24, our estimate of likely 12-year nominal total returns for a conventional passive investment portfolio (60% S&P 500, 30% Treasury bonds, 10% Treasury bills) fell to just 0.04% annually, below even the previous record of 0.34% set in August 1929." The chart below shows his proprietary estimated 12-year annual total return for a conventional portfolio (60% stocks, 30% bonds, 10% cash — blue line) compared against the actual subsequent 12-year returns for that portfolio (red line). [Hussman] According to Hussman, market valuations are churning about three times higher than their historical norm. If they stay at this permanently high level forever, he says that investors can expect a 5.6% S&P 500 return annually over the next ten years. If valuations move to double their historical norm, it gets worse. He says the implied return investors should expect is 1.48% annually. But what if valuations revert to their historical averages? Allow him to explain: "More likely, assuming that market valuations simply touch their run-of-the-mill historical norms in the future, passive investors should be braced for zero or negative total returns both in the S&P 500 and in a conventional 60/30/10 asset mix over the coming 10-12 year horizon," he said. The way Hussman sees it, a negative 5.18% return annually over the next 10 years is "more likely." Market optimists may look at this forecast and note that the Fed has made it explicitly clear that they will cut rates in order to prolong the economic expansion. And lower rates, all else equal, should provide a boon to equities. Hussman says no dice. To him, it all comes down to market internals — and right now, they're flashing red. "In contrast, stocks have languished or lost value in periods when market internals were unfavorable – regardless of whether the Fed was easing or tightening," he said. "Put another way, in market cycles across history, including the most recent one, the dominant consideration for stocks has been condition of market internals themselves, not the condition of monetary policy per se." He continued: "Presently, we observe the combination of hypervaluation and negative market internals, which I view as a 'trap door' situation." Below is Hussman's proprietary measure of market internals (red line) juxtaposed against the S&P 500's cumulative total return (blue line). [Hussman] "Notably, the Fed eased relentlessly throughout both the 2000-2002 and 2007-2009 market collapses," he said. "But when investors are inclined toward risk-aversion, safe liquidity is a desirable asset, not an inferior one, so creating more of the stuff doesn't encourage speculation." Hussman continued: "What concerns me is that many investors seem have drawn the 'lesson' that valuations don't matter, that the Fed is omnipotent, and that stocks are always an 'investment,' regardless of the price. That's a lesson that I suspect investors are going to re-learn the hard way over the completion of this cycle." With all of that under consideration, Hussman relays a stark prognostication for market participants moving forward. "If you want my opinion, that opinion is that current hypervalued extremes are likely to be followed by market losses on the order of two-thirds of value of the S&P 500, with negative S&P 500 nominal total returns on both a 10-year and a 12-year horizon," he concluded. HUSSMAN'S TRACK RECORD For the uninitiated, Hussman has repeatedly made headlines by predicting a stock-market decline exceeding 60% and forecasting a full decade of negative equity returns. And as the stock market has continued to grind mostly higher, he's persisted with his calls, undeterred. But before you dismiss Hussman as a wonky perma-bear, consider his track record, which he broke down in his latest blog post. Here are the arguments he lays out: Predicted in March 2000 that tech stocks would plunge 83%, then the tech-heavy Nasdaq 100 index lost an "improbably precise" 83% during a period from 2000 to 2002 * Predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did * Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009 In the end, the more evidence Hussman unearths around the stock market's unsustainable conditions, the more worried investors should get. Sure, there may still be returns to be realized in this market cycle, but at what point does the mounting risk of a crash become too unbearable? That's a question investors will have to answer themselves — and one that Hussman will clearly keep exploring in the interim. SEE ALSO: 'WE'RE DEFINITELY IN A BUBBLE': A HEDGE-FUND CHIEF OVERSEEING $2 BILLION EXPLAINS WHY HE SEES A 40-60% CRASH LOOMING — AND A LOST DECADE AHEAD FOR STOCKS Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
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Since it opened four years ago in Garden City, Go Greek has carved out a niche as a casual, quick-serve restaurant that nevertheless elevates Greek food above that of the average gyro joint. Now ...
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Greek-American musician Peter Douskalis doesn’t have to worry about having a culture crisis: that’s the name of his Extended Play recording that he performed at […] The post How Musician Douskalis Made Culture Crisis Work appeared first on The National Herald.
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Chicago is so synonymous with Greek restaurants one of Saturday Night Live’s iconic skits was set there (Cheeborger, No Coke, Pepsi) but one of their […] The post Chicago Will Get Another Greek Restaurant, No Name Yet appeared first on The National Herald.
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One of sports’ most unlikely upsets – Greece’s national team winning the 2004 European championship against all odds – is coming to the screen in […] The post King Otto Tells Tale of Greece’s Magical 2004 Euro Soccer Win appeared first on The National Herald.
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Many people struggle in life with issues that profoundly affect the way they function on a daily basis. Struggling with a serious illness like cancer, […] The post Greek-Australian Nikki Simos Calls for Co-Authors for Her Next Book appeared first on The National Herald.
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Poverty and unemployment aside, living on Forty Ninth Street during the Great Depression saw many exciting times. The building where we lived had Greek and […] The post Greek-American Stories: The Best (and the worst) of Times appeared first on The National Herald.
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ATHENS – In January 2020, the central government cash balance recorded a deficit of 1,161 million euros, compared to a deficit of 415 million euros […] The post Bank of Greece Announces Cash Balance in January 2020 appeared first on The National Herald.
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Greek and Turkish military delegations completed talks on Confidence Building Measures aiming to ease tension between the two countries. The 5-day talks took place in Athens and completed on Thursday. The talks took place amid a series of daily provocations from Turkey that included violations of Greek air space and inflammatory statements from the Turkish … The post Greek and Turkish military complete round of Confidence Building Measures appeared first on Keep Talking Greece.
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THE Philippines sees action in the reformatted Davis Cup, facing Greece in a World Group II playoff round set March 6 and 7 at the Philippine Columbian Association’s Plaza Dilao clay courts in Paco, ...
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When I told him I would be attending a Greek cooking class, he was quick to suggest that I replicate what I’d learned for him to indulge in, since he would then be following a Mediterranean Diet. His ...
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| READ THE ORIGINAL POST AT www.timeslive.co.za |
“Gender, Race, and the Classics: Modern Responses to Ancient GREEK Texts” will be the primary focus of this year's Fall semester studies. Byrd also ...
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| READ THE ORIGINAL POST AT usa.greekreporter.com |
Nicosia is doing its best to have a Cyprus=GREECE passenger ferry link operational before the summer but the case is tangled up in EU state financing ...
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| READ THE ORIGINAL POST AT www.financialmirror.com |
Flying out to Athens after their open training session on Wednesday, Arsenal arrived in GREECE purely on a business trip. Across the road from the ...
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| READ THE ORIGINAL POST AT www.football.london |
Seven months after announcing plans to team up with an unnamed Far Eastern financing house to provide loans to GREEK shipowners, Piraeus Bank ...
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| READ THE ORIGINAL POST AT www.tradewindsnews.com |
Social media influencer Amanda Trivizas showed off her incredible figure in a tight top and denim jeans on Instagram in her most recent upload.
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“Man of God” centers on St. Nektarios of Aegina, a GREEK Orthodox saint who was a priest of the common people during the 19th Century, who was ...
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COPENHAGEN – Turkey's aggressive policy threatens peace and stability in the south of the EU, GREEK Foreign Minister Nikos Dendias said on Friday ...
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Greece is a country where the annual Carnival season is closely linked to its rich and very ancient folklore tradition. Dozens of beloved local festivities ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The GREEK tourism ministry together with the GREEK National Tourism Organization (GNTO) will be moving to Omonia Square in central Athens, after ...
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| READ THE ORIGINAL POST AT news.gtp.gr |
In Nicosia, physical barriers separate the Greek and Turkish communities — but many residents don't seem to mind.
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| READ THE ORIGINAL POST AT www.atlasobscura.com |
The partnership combines Piraeus Bank's long-term relationships and knowledge of the GREEK maritime sector with ORIX's significant balance sheet ...
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| READ THE ORIGINAL POST AT www.oleantimesherald.com |
The U.N.'s refugee chief on Friday called for urgent action to address the "shocking and shameful" conditions migrants are forced to live in at reception ...
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| READ THE ORIGINAL POST AT www.dailysabah.com |
GREECE not only cannot accept, but it also condemns — as did the international community — the illegal Turkish methods in the area which continue ...
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| READ THE ORIGINAL POST AT www.hurriyetdailynews.com |
Large-scale GREEK immigration to San Francisco began after the 1906 earthquake and fire, drawn by reports that there were jobs to be had rebuilding ...
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FITCHBURG — Opa! After a successful start to their business, owners of the Bion GREEK Kitchen on Friday celebrated their triumph by unveiling a new ...
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Sacramento State University's UNIQUE Program held the Black GREEK Comedy Showcase Thursday in the University Union Ballroom. The showcase ...
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Norwegian Cruise Line will homeport its all-new Norwegian Spirit ship for the first time in Piraeus, GREECE, in April. Following an over $100 million ...
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With the construction almost complete of a new migrant centre in the area of Zervos on the Greek island of Samos, residents of nearby Mytilini town are both fearful and angry. Five years after the ...
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George Papacostas, Greece's new Ambassador to Australia, presented his credentials on Wednesday in Canberra, the capital of the country.
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BRUSSELS – Prime Minister Kyriakos Mitsotakis and President of the European Council Charles Michel held a two-hour meeting on late afternoon ...
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The European Union proved the best and most consistent customer for GREEK products last year, as the 27 fellow member-states of the bloc absorbed ...
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Countless travel trends have taken hold over the last ten years: adults-only cruises, Instagram-inspired vacations, eco- and voluntourism, and of course the rise of short-term vacation rentals.
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