Tag Archives: tank

Greece debt deal still important to all of us

It is hard to overemphasize how important Greece and Europe are to our eventual economic recovery. Whether we like it or not our fortunes are tied to Europe. We do a ton of trade with Europe. If they fall in the tank, they’re not going to buy US exports and that will cause a significant slowing of our economy. No matter how much we’d like to think that we are strong and independent, we are tied to the world economy, especially to Europe.

From WSJ (may need a subscription):

Greece and its private sector creditors said Saturday they were on the verge of a deal to write off €100 billion ($132 billion) worth of the country’s debt, pending the outcome of separate talks on a new, multi-billion euro bailout for Athens.

In separate statements, Greece and the creditors both noted significant progress in the talks and said a final deal would be announced next week in tandem with the new loan program.

Effectively, the focus now shifts to a European summit in Brussels Monday where the continent’s leaders will sanctify — or not — the terms of the debt restructuring and the new loan. But complicating those discussions are concerns that Greece’s funding needs might be bigger than originally thought, while Europe appears divided over how to cover the gap.

Jerry Jones promises changes

After the ridiculous loss to Jacksonville, Dallas Cowboy owner, Jerry Jones said, “Let me be real clear… There’s no way the result and the way we played tonight, there is no way I can rest, sleep, eat well, with a diet of that right there. There is no way.

“If you look at what we’re about, our team, our stadium, the pride I have in this franchise, you know it doesn’t digest. It doesn’t go down. We’ve got to do something that changes this on the field.”

I think that it is nice that the owner of the Cowboys thinks that things need to change. The team is 1-6. The Buffalo Bills are the only team worse than the Cowboys and Jones thinks that something should change. Sweet. This is like General Custer announcing that being surrounded by Indians is probably bad.

The problem with the Cowboys is the owner, Jerry Jones. Jones is not the coach, but he tries to be. The players know that the buck doesn’t stop at Wade Phillips. It stops at Jerry. Hence, the problem. This is Jerry’s team. He drafted the majority of the players without the aid of Bill Parcells. It was Jones who brought in Zach Thomas. It was only after the Cowboys got gashed for two fourth quarter runs of more than 60 yards by the Ravens that Jerry understood that Zach had no more gas in the tank. So, Jerry went and got Keith Brooking. That seemed to be a great thing last year. Not so much this year. Let’s not forget the coaching round robin Dallas fans had to endure from Chan Gailey to Dave Campo. Remember the quarterbacks after Troy Aikman? Folks like Quincy Carter and Chad Henning? Didn’t we trade away Emmitt Smith so that Troy Hambrick could start? Give me a break. Who is the GM? …oh, yeah, that is Jerry Jones also.

My suggestion is either find a coach who Jerry will listen to (not going to happen) or fire Jerry Jones. So, my conclusion is that Jerry Jones is the main problem with the Cowboys.

The Errington Thompson Show 6-21-08

Brian Katulis from the Center for American Progress is my guest. We discuss his new book, Afghanistan, his recent trip to Pakistan and, of course, Iraq. We also begin our $75 give away. We figure that it is expensive out there with food and gas prices. We want to help, at least a little bit. We will give away $75 each week for the next 4 weeks. For most cars, $75 should get you a tank of gas and a soft drink. Enjoy!!