Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Wednesday, December 11, 2013
Family Adds Greek Government to Lawsuit Over Missing U.S. Marine's Heart
China's Terracotta Army was inspired by ancient GREEK art, claims expert
Greece resumes talks with creditors
Most stocks in Greek bourse have gone into hibernation
New IFC president aims to unite Greek community
The Surprisingly Stressful Life of a Greek Presidential Guard
Greece's 2014 budget lays out more social attacks
Greece to carry on Lithuanian EU presidency goals of fiscal stability and ...
The 58 Initiative Turns Center Left
Unhappy with the fractured Greek left, a new moderate movement dubbed The 58 Initiative because it was begun by 58 academics, intellectuals and others disenchanted with the political system, has begun – with squabbling over whether to become a party or just stand on the sidelines in opposition. Some of its members want The 58 […]
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Property Prices Plummet On Cyprus
Cyprus’s economic crisis is taking its toll on property values on the island as banks aren’t lending and people aren’t buying. The prices fell up to 20 percent on an annual basis between July and September, a survey showed, illustrating how difficult it will be for the government to get the economy again. Property values […]
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Parents Say Greece Stole Son’s Heart
PHILADELPHIA, PA – Craig and Beverly LaLoup have accused Greece of stealing the heart of their son, Marine Sergeant Brian LaLoup, 21, who committed suicide on August 22, 2012 while stationed at the U.S. Embassy in Athens. The LaLoups filed a lawsuit against the United States, the Department of Defense, and the Navy, in Federal […]
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Greece Plans Underwater Diving Parks
Looking for ways to increase tourism – from golf to history and other ideas – Greece is going to give divers access to underwater archaeological sites near Pylos in the southwestern Peloponnese with two underwater parks that allow visitors to explore ancient shipwrecks and underwater archaeology. Wanderlust magazine said among the sites are the remains […]
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Chobani Plans Super Bowl Splash
Chobani says it will air its first Super Bowl ad this February, a move intended to make the Greek yogurt company more of a household name. The debut on advertising’s biggest stage comes as Greek yogurt continues to surge in popularity. Known for its thick texture and tart taste, Greek yogurt now accounts for more […]
The post Chobani Plans Super Bowl Splash appeared first on The National Herald.
Greece Defensive Over Defense Industries
ATHENS – After taking break when negotiations stalled over how to close a 2014 budget gap and delayed reforms, Greece and its international lenders are talking again and one of the stumbling blocks preventing release of a one billion euro ($1.37 billion) installment is the government’s reluctance to sell off or close down its money-bleeding […]
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I Kind Of Think Greek Yogurt Can Cure Anything
Greek yogurt 'opened up the market' for healthy dairy: Chr Hansen
Marine's family sues Greek entities for lost heart
Teen charged in Greece crash
Uncontrolled immigration is fuelling Greece's violent street politics. The EU needs to sit up and take notice
Greek drug pricing amendment expected to make over USD600 mil. in annual savings
Photos: With new renovations, Greek Peak’s owners are focusing on winter
Cyprus president warns resumption of talks to reunify ethnically-split country in jeopardy
Jajabelle's Greek Bakery Coming Soon to Main Street
Concerns about Greek EU Presidency Delays
International auditors return to Greece to debate reforms
10 Things You Need To Know Before The Opening Bell (QQQ, SPY, DIA, COST)
Good morning. Here's what you need to know.
Asian markets were all down in overnight trading. Japan's Nikkei fell 0.62%; Hong Kong's Hang Seng, 1.71%; and the Shanghai, 1.49%. Europe, on the other hand, was slightly up, but U.S. futures were pointing lower. In a rare moment of bipartisanship, Democrats and Republicans agreed on a budget last night, preventing a repeat of October's government shutdown with weeks to spare. The deal — reached by Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) — was immediately hailed by both President Obama and Speaker Boehner. The Bipartisan Budget Act of 2013 "sets discretionary spending levels a little above $1 trillion for the next two years, while repealing and replacing some cuts of sequestration," our Brett LoGiurato explains. "In fiscal year 2014, spending is set at $1.012 trillion, which sits about halfway between the proposed levels of the House and Senate budgets. Current law under sequestration calls for caps of $967 billion." The deal still has to pass both chambers by January 15. It seems we have Obamacare to thank for saving the U.S. economy. As our Joe Weisenthal writes, "Because Obamacare has rolled out terribly, Obama's approval ratings are in the toilet. This is a very welcome turn of events for the Republican party, which just over a month ago was in the toilet itself approval-wise. Republicans now have a good hand to play going into next November, and the only way they could obviously screw it up is by doing something stupid like shutting down the government again. So it appears that Republicans are content now to just not rock the boat and get to the next election which they hope will be a big one for them thanks to Obamacare." This budget deal was timely, because at 2:00 p.m. ET the U.S. government will make its monthly budget statement. Economists expect the Treasury to report a budget deficit of $140 billion. Of course, a quiet trend this year has been that the deficit has been shrinking. German consumer price index (CPI) came in at 0.2% month-over-month and 1.3% year-over-year, meeting analyst expectations. The German economy has continued to outperform its European neighbors. Earlier this month, the country's manufacturing sector saw its strongest month since the summer of 2011. On the opposite end of the European spectrum, Greece reported an unemployment rate of 27.4%, up from 27.3% the previous two months. That rate is more than double the Eurozone average. A lucrative Bitcoin arbitrage opportunity in China has all but disappeared in recent days. "Traders could earn profits by buying bitcoins using dollars on a foreign exchange such as Mt. Gox, reselling them for yuan at the higher price on BTC China, the main local exchange, and finally converting the yuan back to dollars," reports Reuters' Gabriel Wildau. "In recent days, however, the spread between bitcoins as priced in yuan and those priced in dollars has disappeared" after the Chinese government released a statement forbidding local banks from dealing with the digital currency. Italian Prime Minister Enrico Letta asked parliament to support his government and back a spate of reforms he said would boost the country out of the economic doldrums. "He promised to rein in the deficit, cut Italy's towering public debt, the second highest in the euro zone as a proportion of the overall economy, lower taxes on families and companies, reduce unemployment and boost public investment," Reuters' James Mackenzie reported. "Privatizations would continue and the government would consider allowing employees to buy shares in the post office and other public companies, he said." Costco will report earnings earnings today. Market analysts expect the company to post an EPS of $1.02, up from $0.95 a year ago, and revenue of $25.34 billion on the quarter. Last fiscal year, Costco netted .3 billion on membership fees, making up about 75% of its operating income. That huge figure allows the retailer to charge less and tempt customers looking to save money. Government regulators approved the Volcker rule yesterday, a long-in-the-making measure that limits trading activity — specifically proprietary trading activity — at U.S. banks. Standard & Poor's estimates that the rule could shave off $10 billion in yearly pretax profit from the eight largest banks. At 953 pages, "Sure a lot of the Volcker rule is highly over-engineered checklists and admonitions that boil down to 'don't be dumb,' and sure there are good theoretical arguments against that sort of regulation, but I don't know, come on. You shouldn't be dumb," wrote Bloomberg's Matt Levine. "You could do a lot worse than a rule that requires you to think about what you're doing."Join the conversation about this story »
Greek unemployment 'stabilizing' despite Sept rise
Probe Shows Golden Dawn Talked Overthrow
Lagarde: IMF’s Admission of Error on Fiscal Multipliers for Greece “A Matter of Honour”
The 58 Can’t Decide What They Want
Greek jobless rate stubbornly high in September
Has Greece's economy finally turned a corner?
Ancient Greece
Greek Unemployment Rate Rises To 27.4% In September
EOPYY doctors to be given stay-or-go choice
Athens awaits troika response on EAS talks with troika resume
Competition Commission focuses on beer, gas markets
Onex proposes partnership with Hellenic Aerospace
Exports in October post biggest decline in four years
Nanotechnology in Greece: Market Report
Even a Greek Crisis Is a Terrible Thing to Waste
Greek goodies abound at bazaar, in cookbook
Suit: Marine's body sent home to Pa. without heart
PHILADELPHIA (AP) — The parents of a Marine sergeant who died while stationed in Greece say that they discovered weeks after his funeral that his body had been sent home without a heart — and that the Department of Defense later gave them somebody else's heart in its place.