Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Monday, December 2, 2013
Greek Universities at a Stalemate
A Child of 1989
Fitch affirms Greek credit rating, confirms growth prospects
Troika Softens On Foreclosure Ban Lifting
Prosecution states its case in Greece triple murder trial
Protecting Greece's Ottoman monuments
Greece Takes Budget Battle to Brussels
Woman Dies in Severe Storm in Greece
Thessaloniki: 13-year-old Girl Dies from Brazier Fumes
Cypriot Student Found Dead in Greece
Researchers earn WRDS Best Paper Award and the attention of Greek ...
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Vanderbilt Faculty Senate task force review of Greek Life underway
Perilous Reversal Stock: National Bank Of Greece (NBG)
Fitch Affirms Greece at 'B-'; Outlook Stable
Heater fumes kill 13yo girl in Greece
Flash flood in Greece kills woman in basement apartment
Greek deputy PM says lenders 'footdragging' on bailout review
Thousands Of Companies All Around The World Are Revealing The State Of The Economy
Each month, we take the temperature of the global economy through the purchasing managers indices (PMI) for countries' manufacturing sectors. Anything above 50 is seen as healthy.
Today, we get manufacturing PMI data from around the world for November.
The latest issue on everyone's minds is geopolitical risk, especially in the Pacific. Here's how a new note from Société Générale puts it:
NEW GEOPLITICAL RISKS? HOPEFULLY NO.
China’s new airspace defence zone established last week proved the source of renewed tension in the region. US Vice-President Biden kicked off a week-long visit to Asia on Sunday and hope is that this will help alleviate some of the tension. Our concern as economists is that a new round of geopolitical tension in the region could have ramifications on trade at a time where momentum is already slowing in emerging economies.
Meanwhile in Europe, everyone is now wondering whether the region has begun backsliding, SocGens says:
Our euro area growth outlook for 2014 at 0.6% remains below the consensus of 1.0%. Marketing our new Global Economic Outlook released last week, we were asked several times how much push back our euro area view is receiving. The answer is significantly less now than back in September, when fiscal drift helped boost GDP data and hope was that financial fragmentation would see fast track repair. Rather, we sense concerns shifting again to the downside and what the ECB could do more. As we discussed in last week’s edition, the ECB has several tools left, but short of a renewed crisis we do not expect to see a big bazooka delivered. Rather, it is likely to be a succession of small and rather less impressive easing 5 steps. The real potential for a game changer lies with governments; but the political process remains too slow to make a real difference near-term.
Here's the scorecard so far (all times U.S. Eastern Standard Time):
Monday, Nov. 28
5:15 p.m. Japan: Markit/JMMA Manufacturing PMI — 55.1, up from 54.2 in October.
Monday, Dec. 2
7 p.m. South Korea: HSBC Manufacturing PMI — 50.4, up from 50.2 in October.
8:45 p.m. China: HSBC Manufacturing PMI — 50.8, down from 50.9 in October.
9 p.m. Taiwan: HSBC Manufacturing PMI — 53.4, up from 53.0 in October.
9 p.m. Vietnam: HSBC Manufacturing PMI — 50.3, down from 51.5 in October.
10 p.m. Indonesia: HSBC Manufacturing PMI — 50.3, down from 50.9 in October.
12 a.m. India: HSBC Manufacturing PMI — 51.3, up from 49.6 in October.
12 a.m. Russia: HSBC Manufacturing PMI — 49.4, down from 51.8 in October.
1 a.m. Ireland: Investec Manufacturing PMI — 52.4, down from 54.9 in October.
3 a.m. Netherlands: NEVI Manufacturing PMI — 56.8, up from 54.4 in October.
3 a.m. Poland: HSBC Manufacturing PMI — 54.4, up from 53.4 in October.
3 a.m. Turkey: HSBC Manufacturing PMI — 55.0, up from 53.3 in October.
3:15 a.m. Spain: Markit Manufacturing PMI — 48.6, down from 50.9 in October.
3:30 a.m. Czech Republic: HSBC Manufacturing PMI — 55.4, up from 54.5 in October.
3:45 a.m. Italy: Markit/ADACI Manufacturing PMI — 51.4, up from 50.7 in October.
3:50 a.m. France: Markit Manufacturing PMI — 48.4, down from 49.1 in October.
3:55 a.m. Germany: Markit/BME Manufacturing PMI — 52.7, up from 51.7 in October.
4 a.m. Eurozone: Markit Manufacturing PMI — 51.6, up from a flash estimate of 51.5.
4 a.m. Greece: Markit Manufacturing PMI — 49.2, up from 47.3 in October.
4:30 a.m. United Kingdom: Markit/CIPS Manufacturing PMI — 58.5, up from 56.4 in October.
5 a.m. Australia: Ai Group PMI — 47.7, down from 53.1 in October.
7 a.m. Brazil: HSBC Manufacturing PMI — 49.7, down from 50.2 in October.
9 a.m. U.S.A.: Markit Manufacturing PMI — 54.7, up from 51.8 in October.
9:30 a.m. Canada: RBC Manufacturing PMI — 55.3, down from 55.6 in October.
10:30 a.m. Mexico: HSBC Manufacturing PMI
11 a.m. Global: JP Morgan Manufacturing PMI
SEE ALSO: Nouriel Roubini Is Seeing Housing Market Bubbles Everywhere
Join the conversation about this story »
Mobious Likes Greece…Sort Of
How Switzerland joined the World Cup seeded elite as a team few want to avoid in Friday's draw
GENEVA (AP) — There is one certainty among many possibilities offered by the World Cup on Friday: Most teams want to be in Switzerland's group.
The unheralded Swiss team's rise up the FIFA rankings has been rewarded with a guarantee of avoiding each other in the group stage.
Only Switzerland's status demands a little explanation for fans who don't recall that it hosted the 1954 World Cup.
The land-locked Alpine nation of 8 million people has arguably over-achieved in 21st century sports, but mostly thanks to Roger Federer, an America's Cup-winning sailing team and, naturally, an array of skiers.
In football's biggest tournaments, Switzerland has been a regular though low-key guest who typically leaves the party early.
At the 2014 World Cup, expectations come with having seeded status alongside host and five-time winner Brazil, Spain, Germany, Argentina, Uruguay and the fashionable teams from qualifying, Belgium and Colombia.
Switzerland's rise to claim the eighth and final seeded spot above Italy, the Netherlands and Portugal is the true surprise.
Those three European powers are among 23 of the 32 teams awaiting their draw fate who could land in the Swiss group — though protocol will prevent many from stating publicly how much they wish for it.
"Let us not waste time nor energy for discussions like that," Swiss Football Association president Peter Gillieron said in a statement to The Associated Press. "We have learned that no truth is to be found in such discussions. It is the pitch where you find the truth about football."
There is the field and there is also FIFA's always-quirky rankings system — and both factored into Switzerland's rise during a 14-match unbeaten run that began on the eve of qualifying.
Like many of Switzerland's young players, veteran coach Ottmar Hitzfeld was born elsewhere but is serving his adopted country on the international stage.
The German is best known for leading Borussia Dortmund and Bayern Munich to Champions League titles, yet played most of his career as a prolific scorer in the often-unheralded Swiss league, and coached three clubs there before ever occupying a Bundesliga dugout.
Switzerland has welcomed job-seekers and displaced people, and Balkans turmoil of recent years is reflected in Hitzfeld's selections. Next June, his lineup will likely have more players counting Albanian as their family's native tongue than French, one of the four official national languages.
Attacking midfielders Xherdan Shaqiri and Granit Xhaka were born in Kosovo, but soon moved to Switzerland. Both were nurtured by FC Basel, which dominates the top league, and quickly left for Bayern Munich and Borussia Moenchengladbach, respectively.
This Swiss team does not conform to cliche, and the heart of its midfield — captain Gokhan Inler, Valon Behrami and Blerim Dzemaili — have Turkish and Albanian family roots and left the Swiss league at least six years ago.
At least Basel center back Fabian Schaer worked in a bank before turning professional and representing the nation of high finance, chocolate and luxury watches.
Actually, Switzerland's surge to No. 7 in the FIFA rankings in October, for one month only and the only month that determined World Cup seedings, was a model of precision timing. (Seventh was the cut-off point because, as Brazil was exempt from qualifying, its ranking has consistently been lower while playing friendly matches which score fewer points in FIFA calculations).
Switzerland was unbeaten in its group — seven wins and three draws — so was sure to rank highly as more weight is given to recent results in the four-year formula.
Still, Italy and the Netherlands were also unbeaten and enjoyed recent tournament success. Italy reached the European Championship final last year and the Confederations Cup semifinals in June, while the Swiss missed both events.
How could Switzerland rise above Italy?
The simple answer is that Italy, its ticket to Brazil already punched, was punished for drawing its final qualifier against Armenia.
But the Italian football federation perhaps missed a trick by not harvesting ranking points in friendlies, where its fixture list was more difficult than it needed to be. Teams score zero for losses, and Italy was beaten by France, England and Argentina since Euro 2012.
Switzerland, however, beat Brazil in August and scored upset wins last year against Germany and Croatia.
When Hitzfeld saw his team beaten in South Korea last month, the No. 7 rank and World Cup seeding was already bagged.
About that qualifying group: In July 2011 when the draw was made in Rio de Janeiro, Switzerland's No. 30 ranking left it in the pot of third-seeded teams with potential to land with Spain and France.
Instead, Switzerland lucked into a group where the top-seeded team was Norway — then No. 11; today ranked 54th — and Slovenia came from the second-seeded pot.
The debate about Switzerland's true standing in world football will continue.
In February, UEFA will make the Euro 2016 qualifying group draw with seeding based on its own system which ranks only competitive matches, not friendlies.
Switzerland currently sits No. 15 in Europe — albeit above Belgium — and will look up to nine top teams which include the Italians, Dutch and Portuguese. But also World Cup-bound Greece, Russia and Bosnia-Herzegovina, who trail the Swiss in FIFA's much-maligned formula.
Still, the idea of Switzerland being an established top-10 football nation might not seem strange one year from now.
Like Belgium, the Swiss see a potential generation for the ages, headed by Shaqiri and several of the 2009 Under-17 World Cup winning team.
"What counts for Switzerland is that we keep qualifying for the big tournaments," Gillieron said. "Having done so in the most recent past quite regularly we shall stick to both our philosophy and our concepts."
Of course, if the lavish World Cup draw ceremony puts Switzerland and Italy in the same group then seeding will have counted for little after all.
But if the Italians land with Brazil or Argentina, Spain or Germany, coach Cesare Prandelli might rue how the Azzurri played their hand.
And reflect that Switzerland — who could get a group with Greece, Algeria and Costa Rica — played by the rules, and played well.
News Topics: Sports, Men's sports, FIFA World Cup, 2014 FIFA World Cup, Men's soccer, International soccer, Professional soccer, Events, SoccerPeople, Places and Companies: Its Group, Xherdan Shaqiri, Granit Xhaka, Gokhan Inler, Valon Behrami, Blerim Dzemaili, Switzerland, Italy, Germany, Spain, Brazil, Belgium, Europe, Argentina, Western Europe, South America, Latin America and Caribbean
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Bob Geroulanos: Plato’s Benefactor
On October 28 (the anniversary of the Greek National Holiday), Bob and Niki Geroulanos presented a check in the amount of $1 million to the Greek School of Plato, at a ceremony attended by the chairperson and members of the school board, teachers, students, and parents. The donation was the largest in the Plato School’s […]
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Tax Fight! Mitsotakis vs. Stournaras
ATHENS – Breaking ranks from Greek Prime Minister Antonis Samaras’ coalition government’s unity in support of austerity measures, Administrative Reform Minister Kyriakos Mitsotakis said Finance Minister Yannis Stournaras was out of order when he said Greeks buried under pay cuts, tax hikes, slashed pensions and working firings should be taxed even more. Stournaras, a technocrat […]
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Saint Paraskevi Honors George Tsunis
GREENLAWN, NY – The Saint Paraskevi Greek Orthodox Shrine Church hosted a luncheon in honor of George J. Tsunis, who has been nominated to be the United States Ambassador to Norway. Tsunis expressed his gratitude to Senior Pastor Fr. Dimitrios G. Moraitis, to the Parish Council and his fellow parish members and friends. He made a moving […]
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Power Cut, Girl, 13, Dies From Fumes
THESSALONIKI – The death of a 13-year-old girl authorities said was due to carbon monoxide poisoning from a makeshift stove her mother set up because their electricity was turned off for non-payment of overdue bills has raised new fears about the effect of austerity measures on the poor. With winter setting in, many Greeks can’t […]
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