pimg style=float:right; src=http://static7.businessinsider.com/image/4e554d07eab8ea957000001e-399-299/icarus.jpg border=0 alt=icarus width=399 height=299 //ppemI asked frequent contributor Zeus Yiamouyiannis to comment on the coming Greek default. Here is his insightful response./emstrong/strong/p hr / pstrongGreece is the epicenter of a drama that threatens to unwind with all the intrigue and subterfuge of ancient Greek myths and tragedies./strongnbsp;As with the legend of...
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Archive for February 12th, 2012
When Greece Comes Crashing Down, Everything Comes Crashing Down
The fight begins: Obama’s budget going to Congress (AP)
AP – The new budget that President Barack Obama is sending to Congress aims to achieve $4 trillion in deficit reduction over the next decade by restraining government spending and raising taxes on the wealthy. To help a weak economy, Obama’s proposal Monday requests increases in transportation, education and other areas.
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Buildings Set Ablaze In Greece Before Debt Vote
Clashes erupted across the city center after more than 100,000 protesters marched to parliament to rally against drastic austerity cuts that will force firings in the civil service and slash the minimum wage. Prime Minister Lucas Papademos’ government was expected to carry the vote. » E-Mail This » Add to Del.icio.us
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A Greek Default Could Set Off A Catastrophic Collision With Reality
pimg style=float:right; src=http://static7.businessinsider.com/image/4e554d07eab8ea957000001e-399-299/icarus.jpg border=0 alt=icarus width=399 height=299 //ppemI asked frequent contributor Zeus Yiamouyiannis to comment on the coming Greek default. Here is his insightful response./emstrong/strong/p hr / pstrongGreece is the epicenter of a drama that threatens to unwind with all the intrigue and subterfuge of ancient Greek myths and tragedies./strongnbsp;As with the legend of...
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Obama’s budget offers short-term help for economy (AP)
AP – The president will send Congress a budget that will provide short-term help to a struggling economy while offering a long-term plan to deal with soaring deficits, the White House said Sunday. Republicans attacked the spending blueprint as offering more of the same failed solutions for the economy.
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Whitney Houston, A ‘Perfect Instrument,’ Dies
The pop diva was discovered dead in her Beverly Hills hotel room Saturday, the eve of the 54th Grammy Awards. When she burst upon the music world in 1985, there was no doubt in anyone’s mind the willowy beauty was a star. Houston’s music was stellar, but her personal life was chaotic. » E-Mail...
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Romney Edges A Victory In Maine Caucuses
GOP presidential hopeful Mitt Romney walked away without delegates in the nonbiding caucuses and tallied fewer votes in the state than he did four years ago. This time, he barely beat rival Ron Paul. » E-Mail This » Add to Del.icio.us
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(Mark Schmitt)
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It’s bailout or chaos, PM Papademos tells Greece (Reuters)
Reuters – Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote Sunday or condemn the country to uncontrolled economic chaos and social explosion.
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Music Superstar Whitney Houston Dies
Whitney Houston, who reigned as pop music’s queen until her majestic voice and regal image were ravaged by drug use, erratic behavior and a tumultuous marriage to singer Bobby Brown, has died. She was 48. Publicist Kristen Foster said Saturday that the singer had died, but the cause and the location of her death...
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