Hard hitting global and local news
Continued here: German Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?
Finance minister (Mr. Varoufakis) said today that an IMF report showed the debt was unsustainable from the start and that financials wouldn’t get better even by 2030. I don’t know if the changes your friend proposes will be done
Anyone recall Roosevelt’s Executive Order 6102 outlawing gold? Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States"
Instead, Greece Heads for Decisive No Vote . With 85 per cent of votes counted, the No camp had won 61.5 per cent and was leading in every region of the country, a remarkable political exploit by Greek prime minister Alexis Tsipras. But it is also likely to plunge Greece deeper into turmoil as it tries to prevent the collapse of a financial system that is rapidly running out of cash.“As of tomorrow, with this brave ‘No’ vote, we will call on our partners to find common ground,†said Yannis Varoufakis, Greek finance minister
Link: Knife-Edge Greek Referendum; Voting Booths Closed; Four Polls Show ‘No’ in Slight Lead; Schäuble Campaigned For ‘No’
The Wall Street Journal reports Fed Signals Rate Hikes at a Gradual Pace The Federal Reserve signaled it was moving toward interest-rate increases later this year now that signs of a slowdown in economic activity are waning, but the path of rate increases could be less steep than officials anticipated. The last time the Fed made such projections, its consensus appeared to be building around two rate increases this year
Today we also learned the Syriza Left Demands ‘Icelandic’ Default as Defiance Stiffens .
The SCOTUS Blog assessed the odds in plain English on March 4, in Will concern for states’ rights win out in subsidies battle? The key point involving a death spiral.
Originally posted here: At Least Two More Illinois Cities Poised for Bankruptcy
