Through the Ministry of Foreign Affairs Turkey protests against the ongoing military exercise between Greece and Egypt which takes place in the maritime region and on Rhodes is
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| READ THE ORIGINAL POST AT balkaneu.com |
How the world sees Greece
Thursday, November 2, 2017
Severe protest from Turkey about Greek-Egyptian military exercise in Rhodes
Town: Someone stole food donations from Greece Town Hall
Someone stole food donations intended for a food pantry from the Greece Town Hall, writes town supervisor Bill Reilich. In a Facebook post, Reilich says Thursday morning someone took donations from a box set up in the atrium and walked out of the town hall.
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| READ THE ORIGINAL POST AT www.whec.com |
Adoptions plummeting, ELSTAT data show
Adoptions in GREECE fell to a decade low in 2016, figures by the Hellenic Statistical Authority show, with 221 adoptions taking place over the entire ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
GREECE: Refugees Demand Transfer, Begin Hunger Strike
GREECE'S government is considering emergency measures to house migrants and refugees confined to Greek islands over the winter months following ...
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| READ THE ORIGINAL POST AT newburghgazette.com |
Labor market continues to suffer
GREECE still has the highest unemployment rate among OECD member-countries, as well as low salaries and therefore a large share of employees ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
GREECE, China sign deals for economic cooperation
"The basis of this cooperation we believe is that GREECE'S growth strategy meets China's Belt and Road Initiative and the benefits are mutual," Xinhua ...
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| READ THE ORIGINAL POST AT www.business-standard.com |
The first “One and Only” resort of the E.U. will be in Greece!
Another huge tourist investment in Greece
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| READ THE ORIGINAL POST AT en.protothema.gr |
Stomp the Hall to showcase talents in UGC
Stomp the Hall is a showcase that will highlight the talents of fraternities and sororities within the United GREEK Council (UGC) on Nov. 2 in the Main ...
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| READ THE ORIGINAL POST AT www.thesetonian.com |
GREEK Glendi Returns to Oakleigh
The annual GREEK Glendi in Oakleigh returns this year on Saturday and Sunday, November 4-5, aiming to beat last year's attendance of 20,000.
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| READ THE ORIGINAL POST AT au.greekreporter.com |
GREEK Banks Take II
There have now been three rounds of recapitalization where tens of billions of Euros have been tossed into the black-hole known as the GREEK ...
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| READ THE ORIGINAL POST AT www.valuewalk.com |
Nobel Peace Prize Nominees, Emilia Kamvisi and Efstratios Valamios, receive Athenagoras Human Rights Award
His Eminence Archbishop Demetrios, Geron of America, Exarch of the Ecumenical Patriarchate, together with National Commander Dr. Anthony J. Limberakis presented the Athenagoras Human Rights Award to Efstratios Valamios and Emilia Kamvisi. This year’s Honorees are completely unique among recipients of the Award; a Greek fisherman and grandmother from the island of Lesbos. The duo […] The post Nobel Peace Prize Nominees, Emilia Kamvisi and Efstratios Valamios, receive Athenagoras Human Rights Award appeared first on Hellenic News of America.
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| READ THE ORIGINAL POST AT hellenicnews.com |
Greek and Chinese Companies Sign Four Collaboration Agreements
Greek and Chinese companies signed four collaboration agreements in Athens on Thursday, before the completion of the second Greece-China Action Plan work group meetings. Action Plan 2017-2019 aims to promote economic cooperation between the two countries ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Texas Lawmakers Press for Justice for US Teenager Killed in GREECE
Bakari Henderson's family held a candlelight vigil on the night of Friday, Oct. 27 in the courtyard of McClelland Hall at the University of Arizona.
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| READ THE ORIGINAL POST AT usa.greekreporter.com |
AEK, Milan Fans Clash Ahead of Athens Game
ATHENS (AP) — Greek police say about 100 AEK Athens and AC Milan fans have clashed in Athens hours before the teams’ Europa League game. […] The post AEK, Milan Fans Clash Ahead of Athens Game appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Geek vs. Greek: NFL Picks, Week 9
… (72-47) and Greek (71-48) are no exception. Mike ‘Greek’ Raptis went 10-3 … Orleans pre-season. Pick: Saints The Greek says: The Saints are peaking … the Eagles. Pick: Eagles The Greek says: The Eagles’ dynamic offence …
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| READ THE ORIGINAL POST AT world.einnews.com |
One&Only Kéa Island Resort Coming to In Greece
Kerzner International Holdings Limited has entered into a partnership agreement with Dolphin Capital Partners and Dolphin Capital Investors, for the development of One&Only Kéa Island resort in Greece, inclusive of long-term management. Situated in a 65 ...
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| READ THE ORIGINAL POST AT www.hotelnewsresource.com |
GREEK antiquity and 'εmotions' at Acropolis Museum, Athens
“εmotions” look at love, desire, lust, hatred, sadness, and anger all from the perspective of GREEK antiquity and highlights the role they play in fostering ...
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| READ THE ORIGINAL POST AT www.blouinartinfo.com |
The Killing Of A Sacred Deer review: A GREEK tragedy transplanted into the modern world
GREEK tragedy is successfully transplanted into the modern world in the creepy, stylish and decidedly odd The Killing Of A Sacred Deer. By Allan ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
GREEK Navy frigate KANARIS aground, Saronic Gulf
GREEK Navy frigate KANARIS (F 464) ran aground at around 0600 LT Nov 2 in the Saronic Gulf near the site where tanker AGIA ZONI II sank.
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| READ THE ORIGINAL POST AT maritimebulletin.net |
GBR report: Tour operators dominate GREEK international brand landscape
Data on GREEK Hospitality Industry Performance during Q3 2017 also indicate that up to September 2017 arrivals increased by 4.9% y-o-y. Traffic from ...
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| READ THE ORIGINAL POST AT www.tornosnews.gr |
Obesity on the rise among GREEK children
The most recent scientific data on global obesity rates have proved disappointing, as the World Obesity Federation has warned that if current trends ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece: Athens Looks to Say Goodbye to Its Creditors
In Stratfor's 2017 Annual Forecast, we wrote that the GREEK government would insist on debt relief and reduced austerity measures but that progress ...
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| READ THE ORIGINAL POST AT worldview.stratfor.com |
Yiro Yiro in Roxborough serves traditional GREEK food in modern setting
ROXBOROUGH >> Offering a new approach to traditional recipes, Yiro Yiro in Roxborough is a fast-casual take on GREEK food. The restaurant was ...
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| READ THE ORIGINAL POST AT www.montgomerynews.com |
GREEK State Seizes All Properties of Former Defense Minister Akis Tsochatzopoulos
The Five-Member Court of Cassation, has decided on the confiscation of all properties and bank accounts of former defense minister Akis ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Albanian Suspect Confesses to Greek Lawyer’s Murder
A 32-year old Albanian arrested in connection to the October 12 murder of lawyer Michalis Zafiropoulos, has confessed to the killing. Lavdimir Ibrahim gave a brief account of his actions to an investigating magistrate, in which he reportedly admitted to ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
WHO: Greece Has the Highest Obesity Rate in Europe for Boys
A new study by the World Health Organisation (WHO) about the global obesity “epidemic” includes some disturbing data for Greece. A staggering 16.7% of the Greek population is comprised by obese boys between the ages of 5 and 19, mainly due to food ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Prime Minister Alexis Tsipras talks economics and geopolitics at Brookings
Wessel opened the discussion by recalling the prime minister’s visit to Brookings as opposition leader in 2013. Noting the considerable shifts in global politics since then and the prime minister’s past reputation as a radical leftist, Wessel began ...
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| READ THE ORIGINAL POST AT www.brookings.edu |
ECB: Greek Banks Stress Tests Results Due in May
The European Central Bank‘s stress test of Greek banks is still expected to be completed in May despite a delay in a pan-European check. The Greek stress test, aimed at uncovering any shortage of capital before Greece leaves its 86 billion-euro ($100 ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Texas lawmakers press State Dept. to seek justice for Bakari Henderson
At least two suspects have fled GREECE for their native country of Serbia, ... The Austin native was in GREECE hoping to launch a fashion line after ...
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| READ THE ORIGINAL POST AT www.mystatesman.com |
France's Total leads hydrocarbon exploration offshore GREECE
(L-R) Edison's Vice-President of Exploration and Production Maurizio Coratella, GREECE'S Environment and Energy Minister George Stathakis, Total's ...
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| READ THE ORIGINAL POST AT www.neweurope.eu |
22-year-old Louisville man accused of soliciting child porn from GREECE
A three-month investigation starting more than 5,000 miles away in GREECE led to the arrest of a Louisville man accused of possessing child ...
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| READ THE ORIGINAL POST AT www.courier-journal.com |
Spotlight on GREECE'S Jewish history
Norman Seligman and Dr Stavros Kyrimis throwing plates at the launch of the Jews of GREECE exhibition at the Sydney Jewish Museum on October 24.
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| READ THE ORIGINAL POST AT www.jewishnews.net.au |
GREECE, Turkey and long-term interests
Recep Tayyip Erdogan will be visiting GREECE in a few weeks. As the Turkish president plans his trip across the Aegean with his aides and his ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Israel: Strategic choice to boost and expand ties with GREECE and Cyprus
One particularly noteworthy figure in ever-expanding Greek-Israeli trade ties is the fact that nearly half a million Israeli citizens now elect GREECE for ...
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| READ THE ORIGINAL POST AT www.tornosnews.gr |
Featured holiday of the month: Choose your own odyssey in GREECE
GREECE is a country of timeless beauty, where shimmering sands wrap the coastline and towering columns cast shadows in the dazzling sunshine.
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| READ THE ORIGINAL POST AT www.aol.co.uk |
Migrants need to be listened to and tell their stories
In 2015 alone, GREECE saw an influx of more than one million migrants. In 2016, tighter border restrictions and the agreement between the European ...
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| READ THE ORIGINAL POST AT reliefweb.int |
Cyprus, Greece and Israel Seek Stronger Ties
The governments of Greece, Cyprus and Israel “have built bridges and laid the foundations for more important cooperation,” stated Greek Parliament President Nikos Voutsis on Thursday, addressing the Trilateral Meeting of the parliaments of the three ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Yanis Varoufakis, the Renegade Finance Minister of Greece, Has a Warning for Trump
Yanis Varoufakis, former finance minister of Greece and author of Adults in the Room, discusses his abysmal first salary, negotiating with the IMF, and what he would say to Donald Trump. Money was always very scarce in my household because Greece was a ...
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| READ THE ORIGINAL POST AT www.esquire.com |
JFK Assassination’s Greek Connection
Politico recently reported that some of the official documents pertaining to the assassination of president Kennedy were missing, and in doing so mentioned the name […] The post JFK Assassination’s Greek Connection appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Greek-Italian Actress Flavia Sgoifo in The Spyglass Seven
NEW YORK – The Spyglass Seven by Michael Seebold draws on the life of Edgar Allan Poe and the women who figured prominently in his […] The post Greek-Italian Actress Flavia Sgoifo in The Spyglass Seven appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Taverne Kostas in Weiden serves good Greek food and drink
Traditional German food is hearty, filling and sometimes a bit bland. Thankfully there are plenty of Greek restaurants that provide an excellent alternative with some Mediterranean flavor. Taverne Kostas, just 15 minutes from the U.S. Army’s Grafenwoehr ...
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| READ THE ORIGINAL POST AT www.stripes.com |
A Visit to Heaven and Hell: Mapping Planet Earth
[Author Eduardo Galeano. (Photo: Rafael Holanda Barroso)]Author Eduardo Galeano. (Photo: Rafael Holanda Barroso) _The following passages are excerpted from _Hunter of Stories_, the last book by Eduardo Galeano, who died in 2015. Thanks for its use go to his literary agent, Susan Bergholz, and Nation Books, which is publishing it next week._ FREE By day, the sun guides them. By night, the stars. Paying no fare, they travel without passports and without forms for customs or immigration. Birds are the only free beings in this world inhabited by prisoners. They fly from pole to pole, powered by food alone, on the route they choose and at the hour they wish, without ever asking permission of officials who believe they own the heavens. SHIPWRECKED The world is on the move. On board are more shipwrecked souls than successful seafarers. Thousands of desperate people die en route, before they can complete the crossing to the promised land, where even the poor are rich and everyone lives in Hollywood. The illusions of any who manage to arrive do not last long. MONSTER WANTED Saint Columba was rowing across Loch Ness when an immense serpent with a gaping mouth attacked his boat. Saint Columba, who had no desire to be eaten, chased it off by making the sign of the cross. Fourteen centuries later, the monster was seen again by someone living nearby, who happened to have a camera around his neck, and pictures of it and of curious footprints came out in the Glasgow and London papers. The creature turned out to be a toy, the footprints made by baby hippopotamus feet, which are sold as ashtrays. The revelation did nothing to discourage the tourists. The market for fear feeds on the steady demand for monsters. FOREIGNER In a community newspaper in Barcelona's Raval neighborhood, an anonymous hand wrote: _Your god is Jewish, your music is African, your car is Japanese, your pizza is Italian, your gas is Algerian, your coffee is Brazilian, your democracy is Greek, your numbers are Arabic, your letters are Latin._ _I am your neighbor. And you call me a foreigner?_ THE TERRORIZER Back in the years 1975 and 1976, before and after the coup d'état that imposed the most savage of Argentina's many military dictatorships, death threats flew fast and furious and anyone suspected of the crime of thinking simply disappeared. Orlando Rojas, a Paraguayan exile, answered his telephone in Buenos Aires. Every day a voice repeated the same thing: "I'm calling to tell you you're going to die." "So you aren't?" Orlando asked. The terrorizer would hang up. A VISIT TO HELL Some years ago, during one of my deaths, I paid a visit to hell. I had heard that in the underworld you can get your favorite wine and any delicacy you want, lovers for all tastes, dancing music, endless pleasure... Once again, I was able to corroborate the fact that advertising lies. Hell promises a great life, but all I found were people waiting in line. In that endless queue, snaking out of sight along narrow smoky passages, were women and men of all epochs, from cavemen to astronauts. All were condemned to wait. To wait for eternity. That's what I discovered: hell is waiting. PROPHECIES Who was it that a century ago best described today's global power structure? Not a philosopher, not a sociologist, not a political scientist either. It was a child named Little Nemo, whose adventures were published in the _New York Herald _way back in 1905, as drawn by Winsor McCay. Little Nemo dreamed about the future. In one of his most unerring dreams, he traveled to Mars. That unfortunate planet was in the hands of a businessman who had crushed his competitors and exercised an absolute monopoly. The Martians seemed stupid, because they said little and breathed little. Little Nemo knew why: the boss of Mars had seized ownership of words and the air. They were the keys to life, the sources of power. VERY BRIEF SYNTHESIS OF CONTEMPORARY HISTORY For several centuries subjects have donned the garb of citizens, and monarchies have preferred to call themselves republics. Local dictatorships, claiming to be democracies, open their doors to the steamroller of the global market. In this kingdom of the free, we are all united as one. But are we one, or are we no one? Buyers or bought? Sellers or sold? Spies or spied upon? We live imprisoned behind invisible bars, betrayed by machines that feign obedience but spread lies with cybernetic impunity. Machines rule in homes, factories, offices, farms, and mines, and also on city streets, where we pedestrians are but a nuisance. Machines also rule in wars, where they do as much of the killing as warriors in uniform, or more. THE RIGHT TO PLUNDER In the year 2003, a veteran Iraqi journalist named Samir visited several museums in Europe. He found marvelous texts in Babylonian, heroes and gods sculpted in the hills of Nineveh, winged lions that had flown in Assyria... Someone approached him, offered to help: "Shall I call a doctor?" Squatting, Samir buried his face in his hands and swallowed his tears. He mumbled, "No, please. I'm all right." Later on, he explained: "It hurts to see how much they have stolen and to know how much they will steal." Two months later, US troops launched their invasion. The National Museum in Baghdad was sacked. One hundred seventy thousand works were reported lost. STORIES TELL THE TALE I wrote _Soccer in Sun and Shadow _to convert the pagans. I wanted to help fans of reading lose their fear of soccer, and fans of soccer lose their fear of books. I never imagined anything else. But according to VÃctor Quintana, a congressman in Mexico, the book saved his life. In the middle of 1997, he was kidnapped by professional assassins, hired to punish him for exposing dirty deals. They had him tied up, face down on the ground, and were kicking him to death, when there was a pause before the final bullet. The murderers got caught up in an argument about soccer. That was when VÃctor, more dead than alive, put in his two cents. He began telling stories from my book, trading minutes of life for every story from those pages, the way Scheherazade traded a story for every one of her thousand-and-one nights. Hours and stories slowly unfolded. At last the murderers left him, tied up and trampled, but alive. They said, "You're a good guy," and they took their bullets elsewhere. *** Quite a few years ago now, during my time in exile on the coast of Catalonia, I got an encouraging nudge from a girl eight or nine years old, who, unless I'm remembering wrong, was named Soledad. I was having a few drinks with her parents, also exiles, when she called me over and asked, "So, what do you do?" "Me? I write books." "You write books?" "Well... yes." "I don't like books," she declared. And since she had me against the ropes, she hit me again: "Books sit still. I like songs because songs fly." Ever since my encounter with that angel sent by God, I have attempted to sing. It's never worked, not even in the shower. Every time, the neighbors scream, "Get that dog to stop barking!" *** My granddaughter Catalina was ten. We were walking along a street in Buenos Aires when someone came up and asked me to sign a book. I can't remember which one. We continued on, the two of us, quietly arm in arm, until Catalina shook her head and offered this encouraging remark: "I don't know why they make such a fuss. Not even I read you." In times of great injustice, independent media is crucial to fighting back against misinformation. Support grassroots journalism: Make a donation to Truthout.
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Parents of American killed in Greece on hearing son's voice
… attack outside a bar in Greece. Bakari was in the country …
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| READ THE ORIGINAL POST AT world.einnews.com |
These holiday resorts prove why Greece is the ideal holiday destination for all
Wherever you go in Greece you'll find beautiful beaches, azure seas, history, nature and great food. Some islands have more of these Greek treasures than others. Whether you're a couple or a family, a sun-worshipper, thrill seeker, history buff, gourmet or ...
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| READ THE ORIGINAL POST AT www.aol.co.uk |
Democrats are rolling out an old and flimsy argument against tax cuts
[RTS1E3PN]Kevin Lamarque/Reuters * DEMOCRATS ARE OPPOSING REPUBLICAN TAX CUTS PARTLY ON THE BASIS THAT THEY WILL EXPAND THE DEFICIT. * THAT'S THE WRONG ARGUMENT TO MAKE — NOT JUST NOW, BUT IN ANY LOW-INFLATION ENVIRONMENT. * THE RIGHT ARGUMENT AGAINST THE PLAN IS THAT IT'S SKEWED TOWARD THE WEALTHY AND INCLUDES REFORMS THAT WON'T BENEFIT THE ECONOMY. * "There are better ways to invest in our economy," says Stephanie Kelton, a former chief economist for the Senate Budget Committee Democratic staff. "Investing in our nation’s infrastructure, education and R&D would do more to boost future productivity than trickle-down tax cuts for the rich." ------------------------- There are a few lines you can take to argue against tax cuts are mostly going to benefit huge companies or rich Americans. Here's the wrong one: In the weeks leading up to today's reveal of the Republican tax plan, Democrats been harping on about higher budget deficits and a resulting "entitlement crisis" as a key justification for opposing Trump’s tax plan. It's enough that Ylan Mui of CNBC has taken to calling them the "new deficit hawks." But for the Democrats to take this line against the tax cuts is a mistake for three reasons. FIRST, its hard for voters to understand, even when it's dumbed down into the old trope of "you wouldn't run your household like this." SECOND, it's bad economics. Unlike households, government's _can_ run big deficits, and should especially be doing so when inflation is this low. Doing so can help spur economic growth, and the Democrats know this because it was a key lesson of the post-financial-crisis recovery. Economists can and should argue over the best uses of that deficit — spending that boosts the economy versus tax cuts that line the pockets of the rich — but that's a tangential argument for those not currently in power. THIRD, there are much better objections to focus on — about the harm that this tax plan could cause by leading to greater inequality and more struggles for the middle class, or the false promises (like that this will lead to higher wages) that it's being pitched with. "The deficit is an abstraction that is pretty much meaningless to anyone other than an economist or budget wonk," says Dean Baker, economist, and co-director of the liberal Center for Economic and Policy Research in Washington. "To my view, the issue is that the Republicans are looking to take money from programs people care about and need, like Medicare and Medicaid and use it to give tax breaks to rich people. This is concrete and people can understand it. "The deficit is not. And of course as an economic matter, it is not clear that a larger deficit would be a bad thing — although I do have to say, we are likely getting close to full employment, so we probably don't want too much larger of a deficit." 'IT WOULD EXPLODE' THE DEFICIT Here's the kind of thing Democrats have been saying. "The longer we wait to address the debt in a serious manner, the more the safety net frays, and the harder this crisis will be to address," said Senator Ron Wyden last month. Chuck Schumer, Senate Minority Leader, wrote in a recent op-ed that the proposal "helps the rich at the expense of the middle class, it would explode the deficit, and it hasn’t gone through a thorough, bipartisan process." At least he got two out of three right. Stephanie Kelton, a former chief economist for the Senate Budget Committee Democratic staff, laid out the case against these arguments nicely in a recent New York Times op-ed: "Are the proposed tax cuts a huge giveaway to the rich? Most definitely," wrote Kelton, professor of public policy and economics at Stony Brook University."Will they, as advertised, create a booming economy with benefits that trickle down to everyone else? I don’t think so. Trump’s plan will widen the country’s already dangerous wealth and income gaps, and because the gains go mostly to those at the very top, the tax cuts won’t do much to promote broad-based consumer spending or overall job growth." That should enough to reject the plan, says Kelton. [Donald Trump signs an executive order in the Oval Office]Getty Images "But it would be unwise to oppose tax cuts, or any other federal legislation, simply because they add to the deficit," she warns. Kelton and other economists of wide-ranging political stripes explain that the biggest mistake politicians make is comparing government spending and budgets to those of households. The analogy appears sound, but it’s really apples and oranges. Unlike families, who may lack sufficient funds to pay their bills, governments that control their own currencies can always print money to meet their obligations. Therefore a default is technically impossible. The only risk is inflation, if too excessive bond issuance leads to rising prices. But the US economy has been suffering chronically from the opposite problem — and inflation rate that has consistently fallen short of the Federal Reserve’s 2% target for five years, pointing to an economy that is still operating below potential and reflecting stagnant wage growth for much of the population. SOCIAL SECURITY CAN NEVER RUN OUT OF MONEY — REALLY I asked Kelton why, given her counterintuitive argument that deficits don’t really matter, Americans should take her word for it. Her reply: Don’t. Instead, listen to what prominent Republican, a purported deficit hawk, and ex-Federal Reserve Chairman Alan Greenspan had to say on the matter. In March 2005, he was pressed by a young Congressman named Paul Ryan about the need for privatizing Social Security because of the prospect of a looming "entitlements crisis." Greenspan replied rather bitingly that there was no such thing or even a remote possibility. "I wouldn’t say that the pay as you go benefits are insecure in the sense that there’s nothing to prevent the federal government to create as much money as it wants and pays it to somebody," Greenspan told an incredulous Ryan. "The question is how do you set up a system that assures that the real assets are created which those benefits are employed to purchase. So it’s not a question of security it's a question of the structure of the financial system." That’s what Democrats should be saying, rather than regurgitating the old Republican rouse — which they themselves are willing to abandon when it's convenient — about a looming government debt crisis that never comes. REPUBLICAN TALKING POINTS "Instead of repeating talking points that reinforce the idea that Social Security is somehow financially unsustainable, Democrats should play Greenspan’s remarks on a loop. They should call attention to what Greenspan said —under oath — about the program’s long-term sustainability,” Kelton said. "Instead of accepting the premise that Social Security is in trouble, Democrats should accept Greenspan's challenge —put forward an agenda that will do more to promote future growth than anything the Republicans are offering." The financial crisis was instructive on this count. Many critics of both the federal government’s fiscal stimulus and the Federal Reserve’s bond purchases worried that the country was getting so deep into debt that one of two things was bound to happen — a crisis in the Treasury market or a bout of runaway inflation. Nine years into the recovery, Treasury yields remain near historic lows and inflation is not only contained but remains worryingly low. That last point is key: It’s not that folks like Kelton and Baker believe there is no risk to government spending at all. They simply argue that the only risks are the misallocation of resources and inflation, not some amorphous "debt crisis" or default of the sort some politicians and market analysts have shouted about. Unlike Greece, which actually did default on its debt due to lack of control over its own currency, the United States could only default by choice. Trump flirted with that choice once as a candidate — but quickly backed away from the threat after he realized the catastrophic market and economic consequences such a debacle would have. LISTEN TO THE ORACLE In August 2011, after the United States credit rating was downgraded for the fist time ever following a prolonged impasse over the US debt ceiling, Greenspan was asked during a Meet the Press interview about the issue of "unfunded liabilities" and "entitlements." His response again spoke volumes: "The United States can pay any debt it has because it can always print money to do that, so there is zero probability of default." [Alan Greenspan]REUTERSSo what should be Democrats be focused on if deficits are not it? On that count, Trump actually has the right idea: they should be focused on boosting economic growth. Unlike Trump, however, Democrats need to be concerned about other matters like distribution, wage growth and the quality of social services necessary to underpin a sustainable economy. That includes everything from the wider availability of high-quality education and health, childcare, elderly care and other key services that are neglected by a government more focused on external conflict than domestic strife. "What if we choose policies that will help us to build a more productive economy? If we were having the right debate, we would be laser-focused on this challenge," said Kelton. "I doubt very much that Trump’s tax cuts —which are heavily skewed in favor of the very rich —would come out on top. There are better ways to invest in our economy. Investing in our nation’s infrastructure, education and R&D would do more to boost future productivity than trickle-down tax cuts for the rich." NOW WATCH: 6 airline industry secrets that will help you fly like a pro
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ESM chief: We'll see in August 2018, if Greece needs more debt relief
NICOSIA (Reuters) - Greece’s official lenders will be able to determine if Athens needs further debt relief only in the summer of next year, the head of Europe’s rescue fund (ESM) said on Thursday. Klaus Regling said that Greece “has received more ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Kalavryta: Judge sets free driver who dragged his dog behind his truck over several kilometers
A video showing a small truck dragging a dog on a road in Peloponnese outraged animal lovers in Greece. The truck owner keeps driving, while the body of the poor animal tied on the truck is being dragged on the rough asphalt of the land road. The dog dies a torture death. The video was … The post Kalavryta: Judge sets free driver who dragged his dog behind his truck over several kilometers appeared first on Keep Talking Greece.
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Gov’t spokesman rules out possibility of a 4th bailout program for Greece
State Minister and government spokesman Dimitris Tzanakopoulos on Thursday ruled out the possibility of a fourth programme for Greece, when the current programme comes to an end in August 2018. “The possibility of a fourth programme is totally ruled out by all sides, nobody wants it,” he said in an interview with 247 radio station. … The post Gov’t spokesman rules out possibility of a 4th bailout program for Greece appeared first on Keep Talking Greece.
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Recipe: Greek inspired grilled steak with tzatziki sauce
Cut the cucumber in half lengthwise and use a small spoon to scoop out the seeds. Use a box grater on the smaller side and grate the cucumber. Place the grated cucumber in a fine mesh strainer set over a bowl and use the back of a spoon to press out as ...
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| READ THE ORIGINAL POST AT globalnews.ca |
A Greek Tragedy That Still Resonates
Presenting a production of Sophocles’ Oedipus might sound like good training for the FSU/Asolo Conservatory’s second-year MFA students, and it is. But it’s also a reminder for audiences of just how relevant this seminal myth can be, 2,500 years later.
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