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Violence in Athens (photos)

It should be clear to everyone that our economic future is tied with the fortunes of Europe. This is a result of more than 20 years of deregulation and “opening up markets.” Capital flows freely because those on Wall Street have been pushing for the free flow of capital for more than three decades. A significant amount of our GDP, therefore, depends on Europe’s ability to buy our goods. Last night, the Greek Parliament agreed to bend over and take the beating that some in the financial community believe they deserve. Many of the Greek people, on the other hand, are not ready to take their beating.

From Reuters news agency

Rioter being kicked by police

photo by Reuters

Molotov cocktail engulfs police

From NYT:

After violent protests left dozens of buildings aflame in Athens, the Greek Parliament voted early on Monday to approve a package of harsh austerity measures demanded by the country’s foreign lenders in exchange for new loans to keep Greece from defaulting on its debt.

Though it came after days of intense debate and the resignation of several ministers in protest, in the end the vote on the austerity measures was not close: 199 in favor and 74 opposed, with 27 abstentions or blank ballots. The Parliament also gave the government the authority to sign a new loan agreement with the foreign lenders and approve a broader arrangement to reduce the amount Greece must repay to its bondholders.

The new austerity measures include, among others, a 22 percent cut in the benchmark minimum wage and 150,000 government layoffs by 2015 — a bitter prospect in a country ravaged by five years of recession and with unemployment at 21 percent and rising.

By |2012-02-13T10:39:12-04:00February 13th, 2012|Economy, Foreign Affairs|Comments Off on Violence in Athens (photos)

Election Updates

Some election updates —

California is expected to have over 80% of their electorate turn out and vote.  This is amazing, considering that most Americansin the past, haven’t voted.  Hopefully, we are seeing a trend towards more citizen participation in our government.

Birmingham, Alabama is hopeful.

Fairfax, Virginia is having some problems with their voting machines. There is some sort of memory card problem. It has been reported that new memory cards have been sent out to these machines. One would figure that the machines would have been tested days before the election so that they are ready to go on the day of the election. Interestingly, people began to line up at 4:30 am to vote (polls didn’t open till 6 am).

Chesapeake, Virginia is also having some voter machine problems. It is raining and the scanner is having trouble reading wet ballots.

CNN

Dixville Notch, New Hampshire has voted. Barack Obama has secured 15 of the 21 total votes cast. The last Democrat that this small enclave chose for president was Hubert Humphrey.

By |2008-11-04T12:36:31-04:00November 4th, 2008|Election 2008|Comments Off on Election Updates

What's going on – Evening News Roundup

Saturday Evening News Roundup

  • 100,000 people showed up to see Barack Obama in St. Louis today. That’s a staggering number of people, yet daily tracking polls show the race narrowing over the last few days. This ain’t over until the fat lady has counted all of the ballots.
  • The McCain campaign continues its relentless assault on Barack Obama and the community activist group ACORN. Despite the fact it has been proven that ACORN did not commit voter fraud and that there are virtually no links to the Obama campaign. Let’s face it. Reality has never stopped John McCain and Sarah Palin before. There is a nice, thoughtful editorial in the New York Times covering ACORN.
  • The New York Times has a series of five or six articles titled “The Reckoning”. These articles try to describe how we got in his financial meltdown. As I’ve said before, there is no one culprit. Both Republicans and Democrats can be blamed for being asleep at the wheel. In this latest installment, Peter Goodman takes another look at the Alan Greenspan legacy. Specifically, Goodman examines Alan Greenspan and derivatives. I don’t understand much about derivatives, but when George Soros and Warren Buffett both avoid this investment tool I believe that says something.
  • John McCain mentioned in the last debate that he was proud of his connection with G. Gordon Liddy. Really? Wasn’t Liddy the one who tried to circumvent the Constitution and destroy our government? Wasn’t he, in truth, planning an assassination?
  • Michele Bachmann (a Republican from MN) said some pretty remarkably racist things (crazy) on “Hardball” yesterday…
  • Scrutiny Hooligans, a fabulous local blog, has done the legwork and put together a voter’s guide for Progressives.
  • If you are looking to get involved in the final days of the campaign here in Asheville, North Carolina, there’s no better organization to assist than the Buncombe County Democrats.
  • Barack Obama picked up another major newspaper endorsement today — the Miami Herald.
  • Real Plumbers seem to be backing Barack Obama.
By |2008-10-18T21:16:49-04:00October 18th, 2008|Domestic Issues, Election 2008|Comments Off on What's going on – Evening News Roundup
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