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28 Jun 2011 10:23

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World: Greeks protest austerity vote; police officers are ready for them

  • 5,000 police officers deployed to deal with mayhem source
  • » 48-hour general strike called: With Greece facing a difficult austerity vote today, protesters have shown up by the thousands outside of the country’s parliament. The strike has shut down most public services, including transit. Airports and hospitals have also suffered the deep effects of the strikes. The passage of the measures, however, is key — a large loan from the European Union and the International Monetary Fund rests on their passage. If they don’t get it, they risk going into default, which would be very bad.
Posted by Ernie Smith • 0 Comments • Permalink

13 Jun 2011 16:38

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Biz, World: Standard and Poor’s downgrades Greece’s credit rating again

  • Greece’s S&P credit rating now world’s lowest: Standard and Poor’s, the international credit rating agency, has slashed Greece’s rating by three levels, from B down to CCC — their lowest rated nation. They also warned that a potential debt restructuring would likely be viewed as a default, which would cause them to cut Greece further down to SD (selective default) for their credit rating, and D for the nation’s debt instruments. So, on top of this bad news, it seems almost assured to get worse before it gets any better. source
Posted by Chris Tognotti • 0 Comments • Permalink

01 Apr 2011 15:26

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World: Earthquake in Greece sends tremors across the region

  • greece The earthquake in Crete today is much more severe than usual, but Greece is a seismic hot-bed; they have thousands of small quakes per year.
  • turkey Reports from Anatolia, a Turkish news outlet, indicate that the earthquake was felt all the way to the Turkish resort towns of Bodrom, Mamaris and Fethiye.
  • egyptThe earthquake also caused shakes all the way to Cairo, as its been reported that some buildings within the Egyptian capitol were rattled by tremors. source
Posted by Chris Tognotti • 0 Comments • Permalink

31 Jan 2011 10:20

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World: The U.S. starts evacuating American citizens out of Egypt

  • 2,400 Americans on the waiting list (so far) source
  • » Only around 219 have left so far: With 52,000 Americans situated in Egypt at the moment, getting them all out, or even a good portion, might be quite the ordeal. And it’s not a cheap one for the evacuees, either. The U.S. is having the evacuees sign a clause promising to pay the government back for the trip elsewhere. The “elsewhere” varies – one flight headed to Cyprus while another headed to Athens.
Posted by Ernie Smith • 0 Comments • Permalink

03 Jan 2011 21:57

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World: Archeologists in Greece discover that cavemen used boats

  • The results of the survey not only provide evidence of sea voyages in the Mediterranean tens of thousands of years earlier than we were aware of so far, but also change our understanding of early hominids’ cognitive abilities.
  • The Greek Culture Ministry • Regarding some primitive tools found recently on the island of Crete. Scientists date the tools as being at least 130,000 years old, implying that our ancestors developed the ability to migrate by sea way earlier than we’d thought. “Up to now we had no proof of Early Stone Age presence on Crete,” one official said. They’re currently performing more tests to determine which continent the tools came from.  source
Posted by Seth Millstein • 0 Comments • Permalink

03 Nov 2010 21:10

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World: Greece stops overseas air mail ’cause THEY KEEP MAILING BOMBS

  • 48 hours until they consider mailing another package overseas
  • bad Two Greek dudes were arrested earlier this week for trying to send a parcel bomb to French president Nicolas Sarkozy. Yikes.
  • worse A package addressed to Italian president Silvio Berlusconi blew up at an Italian airport. Yeah, you guessed it –the package came from Greece.
  • worst Another mail bomb showed up AT THE OFFICE of German chancellor Angela Merkel. Also from Greece. Crap. source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2010 20:56

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World: Three things Britain’s new coalition government wants to do

  • More consistent votes Create a more consistent schedule of leadership change by setting elections for parliament for every five years. The legislature can do it sooner if 55 percent of parliament votes to do so.
  • Austerity measures Like much of Europe, the coalition government plans to do something about the large amount of debt it’s built up. It won’t be quite as insane as Greece, but expect some things to get cut out of the budget.
  • Creating jobs 2.5 million Britons are unemployed, a number that might affect the strength of the coalition if they don’t do something about it. Expect Clegg’s people and Cameron’s people to be on it. source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 May 2010 11:20

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Offbeat: Turtles not exactly the fastest form of canine transportation

  • After the Greek debt crisis leaves us all broke and without means to support ourselves, we won’t find the humor in videos of dogs riding turtles. So we might as well take advantage of it now before the world ends. So, without further ado, a dog riding a turtle.
Posted by Ernie Smith • 0 Comments • Permalink

10 May 2010 10:08

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Biz: As expected, the market loved Europe’s response to the debt crisis

  • 3% the worldwide stock increase after Europe put its full financial might behind the debt crisis
  • 2% the amount the Euro gained on the dollar; in recent days, it had been floundering source
Posted by Ernie Smith • 0 Comments • Permalink

09 May 2010 21:28

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Biz: The European Union throws a ton of money at debt crisis

  • €720B
     could get loaned to European countries greatly affected by the debt crisis
  • €440B
     the amount European countries will make available; the EU will loan €60 billion
  • €220B more could come from the Greece-helping International Monetary Fund source
Posted by Ernie Smith • 0 Comments • Permalink
 
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