Hard hitting global and local news
On the good news front, an excellent post from David Roberts on the amount of emissions the US has cut in recent years. Go read
Read the original post: Ten Major Italian Cities On Verge of Financial Collapse
El Pais reports Full Spanish Bailout Increasingly Likely "The financial credibility of Spain is close to zero. Fiscal credibility is zero. The political credibility is zero.
According to Der Spiegel, the IMF Wants to Stop Aid to Greece as soon as the ESM is up and running in September. At that time Greece would become bankrupt. This is a Mish-modified translation from German: The patience of the International Monetary Fund (IMF) with Greece comes to an end: According to to information obtained by SPIEGEL, senior IMF officials told EU leaders in Brussels that the IMF was no longer willing to provide additional funds for Greece
At long last, everyone is willing to wave the white flag on a Greece exit from the eurozone. Please consider German Vice Chancellor ‘Very Skeptical’ Greece Can Be Rescued . German Vice Chancellor Philipp Roesler said he’s “very skeptical” that European leaders will be able to rescue Greece and the prospect of the country’s exit from the euro had “lost its terror.” Roesler, who is Germany’s economy minister, told broadcaster ARD that Greece was unlikely to be able to meet its obligations under a euro-area bailout program as its international creditors hold talks this week in Athens.
Eli, as some have noted, is an ancient professor, an academic if you will. He has followed the collapse of governance at Penn State with the interest of a bunny watching a disaster unveiled, and recently saw much back and forth about the NCAA (the folks who profit from and do the pompous on intercollegiate athletics in the US) imposing the death penalty on football at PSU. Folks, that ain’t the death penalty Penn State has to worry about. Accreditation at US institutions of higher learning runs through cooperative associations of colleges and universities, who certify to the US Department of Education. That ain’t whiffle ball because all federal funding, student loans, research grants and more depend on that certification
Tom Curtis at 07:30 AM on 20 July, 2012 That claim is simply absurd.
Sunday, July 22, 2012 US Prepares For Direct Intervention in Syria As FSA proxies fail and psychological operations falter, US prepares more direct (and desperate) approach for long-sought regime change. by Tony Cartalucci July 22, 2012 – As it becomes increasingly clear that last week’s "surge" by NATO-backed so-called "Free Syrian Army" terrorists was a failed psychological operation, coordinated with meticulously timed assassinations the day of the UN Security Council vote designed to stampede the Syrian government out of power, the FSA’s foreign sponsors are preparing the public for a more direct intervention while desperately attempting to maintain the illusion of chaos and the imminent collapse of Syria’s government. Video : Thierry Meyssan in Damascus, Syria.