Today

Search

ALS, Alexander Language Schools Franchise


Aug 23, 2011

GREECE News, Aug 23, 2011


Greek Banks To Detail Debt Swap Position By Sept 9 - Report
Wall Street Journal
9, financial daily Imerisia reports Tuesday. The Greek daily added that the government expects to complete the overall exchange by mid-October. Specifically, the newspaper says that within the next three weeks, Greece's lenders must inform the ...
See all stories on this topic »
Finland Open to New Collateral Model After Austrian Rebuke, Katainen Says
Bloomberg
Finland's arrangement highlights divisions in the euro area, Moody's Investors Service said in areport yesterday. Bilateral agreements would be credit negative for Greece and other countries nowreceiving, or in line for, bailouts, ...
See all stories on this topic »
Greek financial officials move to prop up failing bank
Catholic Online
By Catholic Online (NEWS CONSORTIUM) Having been the chief catalyst for Europe's economic crisis, the nation of Greece is now scrambling to aid its top four money lenders - National Bank ofGreece, Alpha Bank, EFG Eurobank and Piraeus Bank - that now ...
See all stories on this topic »
Greek Finance Minister Expects Recession To Deepen
Business Insider
Image: AP Greece's finance minister Evangelos Venizelos has said the country's economy is set to shrink more than expected in 2011. The government now expects the economy to shrink by between 4.5% - 5.3%, rather than the 3.9% previously estimated. ...
See all stories on this topic »

Business Insider
Greek Bias Against Gays Compounds Tourism Gap
Bloomberg
The group's report is being studied now and the government aims to introduce legislation allowing the registration of gay relationships, a ministry official said by telephone on Aug. 19, speaking on condition of anonymity in keeping with policy. ...
See all stories on this topic »
Greek Cuts Erode Livelihoods
Wall Street Journal
One in four retailers in central Athens has closed, according to the National Confederation of Greek Commerce, a retailer group. Similar closure rates are hittingGreece's other urban areas. The Athens Chamber of Commerce and Industry reportsthat some ...
See all stories on this topic »

Wall Street Journal
The US Treasury will auction a $35.0B 2-year note today
FXstreet.com
The Greek and Portuguese spreads underperformed, especially on the shorter maturities. Fears that the second Greek bailout deal might be off/delayed (see above) caused the extra market pressure on Greece and the Greek/German 2-year spread (3700 bps) is ...
See all stories on this topic »

FXstreet.com
John travels to Greece to help Rovers move
Lancashire Telegraph
By Andy Cryer » Blackburn Rovers reporter GEORGE John has flown to Greece to move his dream Premier League switch a step forward after Blackburn Rovers had a bid in principle accepted by American side FC Dallas. The Greek-American centre back has been ...
See all stories on this topic »
Greek Tourism Workers Stage Strike, Protest Over Cutbacks
Wall Street Journal
Greece's government, which is struggling to rein in its budget deficit as part of a EUR110 billion bailout it received last year, wants to cut early retirement benefits that tourism workers now receive. The cutbacks, which will also affect dozens of ...
See all stories on this topic »
Weekly Market Forecast: Next-Leg-Down Edition
Seeking Alpha
The European debt crisis continues to intensify with Greece moving to save one of its smaller banks (Proton) from failure. The Greek bank system does not have FDIC-style insurance, so a bank failure there means that the possibility of losing all of ...
See all stories on this topic »
Tick Tock
National Review Online (blog)
By Andrew Stuttaford Now the Bundesbank (the German central bank) weighs in with its latestthoughts on the absolutely final Greek bailout (July edition). This is the key passage (from the bank's monthly report for August): The recent resolutions ...
See all stories on this topic »
Why capitalism is choosing Plan B
The Guardian
That was in the face of the latest government figures showing US consumer price inflation now running at 3.5-4% per year. The contracts that state employees accepted in New York and Connecticut give them 0% wage increases in the first two years and...
See all stories on this topic »

The Guardian
Ex-Jayhawk Brady Morningstar headed to Greece
Lawrence Journal World
The 6-foot-4 Lawrence native announced Sunday that he'd reached agreement on a one-year contract with AGO Rethymno, which plays in Greece's top league. Terms were not disclosed. Morningstar's new team reached the finals of the Greek Cup in 2006-07. ...
See all stories on this topic »
Trains Helped Kill the Greek Economy – They'll Kill Hawaii's Too
Hawaii Reporter
In 2009 the Greek railways collected $250 million in fares and posted a net loss of $1.4 Billion. A Billion wasted here, and a Billion wasted there … the rest is history for the Greek economy. Greeceis now in a debt crisis. In 2000 a Greek colleague ...
See all stories on this topic »
Greeks look to revive identity on Gökçeada
Hurriyet Daily News
According to Hristoforidis, the feast of the Assumption of Mary is part of the revival ofGreek culture on the island and demonstrates the different experience of the Gökçeada Greeks, who were not subject to the 1923 population exchange between Greece ...
See all stories on this topic »

Hurriyet Daily News
Expert: Greece in better pipeline position
UPI.com
Alexandros Petersen, an adviser to the European Energy Security Initiative at the Woodrow Wilson International Center for Scholars in Washington, wrote Saturday in the Athens daily I Kathimerini that, until now, Greece, though its state-owned gas ...
See all stories on this topic »
Libyans overrun Bosnia, Greece embassies
News24
They also unfurled the Libya independence banner, the flag originally used by the country before Gaddafi's rise to power in 1969. There were no reports of injuries in the incident. Greek media reported that the Libyan ambassador was not present. ...
See all stories on this topic »
Model Call: Ros Georgiou
Women's Wear Daily
“My mother's Dutch and my father's Greek,” says the shy newbie, who, when not modeling, is a high school student in Athens, Greece. “I think that's why I have such a different look.” Her singularity is paying off — after signing with Marilyn last ...
See all stories on this topic »
Ankara acts unilaterally in gas issue, says Greek defense minister
Hurriyet Daily News
“Essential matters regarding defense cooperation [with Greek Cyprus] concern us,” said Beglitis, adding that the defense of Cyprus is within the core framework of Greece's national strategy. “We will try to continue our cooperation in defense and ...
See all stories on this topic »
Fanning the financial crisis: Has regulation gone wrong?
INSEAD Knowledge
European taxpayers are asked to bail out Greece and other southern European countries to avoid a financial meltdown. The logic is that most Greek and other government debt are held by banks, so if we let these countries default the banks will default, ...
See all stories on this topic »

INSEAD Knowledge
Lincoln Square's Greek Community Hangs On, Despite Changes
Center Square Journal
The changing demographic and burgeoning multiculturalism of the area is reflected by Ziad Ihmoud, the owner of Barba Yianni Greek Tavern, 4761 N. Lincoln Ave. As a non-Greek, Ihmoud reflects on the changing environment. “It's international now,” he ...
See all stories on this topic »

Center Square Journal
Cyprus eyes new austerity as borrowing cost spikes
Reuters
Preliminary estimates now suggest the economy, one of the smallest in the euro zone, will remain stagnant this year from earlier estimates of 1.5 percent growth. The island's banks are sitting on an estimated 5 billion euros in Greek sovereign debt and ...
See all stories on this topic »
S&P's Beers warns of a default
Kathimerini
Beers had also estimated last month that a Greek default will eventually be inevitable, as will the exit of Greece from the eurozone. S&P brought Greece's credit rating down to CC, from CCC, after the eurozone decision on July 21.
See all stories on this topic »
As Ramadan Draws to an End – A look at its Origins and a Greek Woman who Chose ...
Greek Reporter
She now shares her life with her husband Naim Elghandour, President of the Muslims Association in Greece (MAG) and her children, in Ilioupolis. Anna, has studied Finance and Business Administration though she was and still is professionally occupied ...
See all stories on this topic »

Greek Reporter
The Temporary Vegetarian: Tomato, Oregano and Feta Risotto
New York Times (blog)
Now the column ends with a lovely risotto that calls for ripe and deeply flavored, juicy tomatoes, which are at the markets now. The dish is Greek by way of Italy. “It's a contemporary Greek dish inspired by something I tasted in a restaurant along the ...
See all stories on this topic »

New York Times (blog)
Louis Cruises unveils new A La Carte Dining option aboard the Louis Majesty ...
Travel Daily News International
Guests sailing onboard the Louis Majesty and Louis Cristal can now more fully experience the sights, sounds and tastes of Greece and the picturesque Greek islands on their next Mediterranean journey with Louis Cruises.
See all stories on this topic »
European and US Working Class Politics: Right, Left and Neutered
Center for Research on Globalization
In Europe, especially among the Mediterranean countries ( Greece , Spain , Portugal and Italy ) unemployed youth, workers and lower middle class public employees have organized a series of general strikes, occupations of public plazas and other forms ...
See all stories on this topic »

Center for Research on Globalization
Turkey: Bartholomew visits the ruins of Christian sites on the Black sea
Spero News
And like last year, hundreds of Orthodox Christians flocked to the site from Greece, Russia and Georgia, many of them the descendants of the people who fled these lands. Even though they speak the same Greek dialect and have the same customs of the ...
See all stories on this topic »
Remember 'No New Taxes'?
American Thinker
If you want to understand the Greek meltdown, writes Takis Michas of the Greek national daily Eleftherotypia, you need to know that Greeks have had a large state and a weak civil society ever since the 1800s. Since the 1930s, political patronage has ...
See all stories on this topic »
Updated Market Commentary from Ron Mulhenkamp
GuruFocus.com
That positive development was offset by renewed concerns about European banks' ability to borrow, along with doubts about the approval of the Greek bailout as Finland and other countries look for collateral to secure their loans to Greece. ...
See all stories on this topic »
Mixed fortunes
Mortgage Strategy
There are so many potential flashpoints from Europe, whether it's Greek debt or regulatory changes it is hard to know where to begin. At the macro level there is the sea of debt from Greece to Ireland that is a cause of economic uncertainty and puts ...
See all stories on this topic »

Mortgage Strategy
Greece expects recession to deepen
Arab News
After living above its means for years until punishing interest rates forced it out of bond markets,Greece is now only kept solvent by a double rescue loan deal worth 220 billion euros ($317 billion) from its European partners and the International ...
See all stories on this topic »
Allways Theatre's 'La Sirena' sings better still
Examiner.com
There is also a subplot involving Persephone (Frances Rabalais) and Hades (Josh Katz), which attempts to link the mythical Greek underworld to the "hell" Marina is undergoing after her delayed transformation in Act II into one of Dr. Crane's surgically ...
See all stories on this topic »
The Gold Standard and Fiat Currency: Metalism vs. Nominalism, Part One
Credit Writedowns
The first coins were created thousands of years later, in the greater Greek region (so far as we know, in Lydia in the 7th century BC). And in spite of all that has been written about coins, they have rarely been more than a very small proportion of ...
See all stories on this topic »
Tourism Workers Stage Strike, Protest Over Cutbacks | Greece ...
By Apostolos Papapostolou
Greece's government, which is struggling to rein in its budget deficit as part of a EUR110 billion bailout it received last year, wants to cut early retirement benefits that tourism workers now receive. The cutbacks, which will also affect ... Both the strike and the protest, coming at the peak ofGreece's all-important summer tourist season, are seen as further tarnishing Greece's image with visitors abroad. (source: Dow Jones). Latest; People; Events; Tags; Subscribe ...
Greece.GreekReporter.com Latest...

BUSINESS News, Aug 23, 2011


Standard & Poor's President to Step Down
New York Times
Meanwhile, the activist investors pushing for change at McGraw-Hill have recommended that Standard & Poor’s ratings business appoint a “well-known independent oversight figure†to handle government relations. But people briefed on the matter ...
See all stories on this topic »
Gold Tops $1900 for First Time on Concern Global Economy May Weaken More
Bloomberg
Federal Reserve Chairman Ben S. Bernanke may signal additional measures to stimulate the economy at a meeting of central bankers in Jackson Hole, Wyoming this week, potentially weakening the dollar. Yields on US Treasuries touched record lows this ...
See all stories on this topic »
Gap Inc. Expands in Asia Pacific with First Stores in Vietnam and Guam
MarketWatch (press release)
More about Gap Inc.'s global runway can be downloaded from gapinc.com. Gap Inc. has signed a new franchise agreement with Imex Pan Pacific (IPP), one of the largest conglomerates in Vietnam, to open its first Gap and Banana Republic stores in the ...
See all stories on this topic »
Some Travel Problems In Need of Solutions
New York Times
By JOE SHARKEY “SOLUTIONS” seems to be the buzzword here at the annual convention of the Global Business Travel Association. People are talking about new technological solutions to problems like rising prices for business travel and the complications ...
See all stories on this topic »

New York Times
Nickel futures up over 1 pc on firm global cues
MSN India
At the Multi Commodity Exchange, nickel for delivery in August shot up by Rs 10, or 1.04 per cent, to Rs 963.60 per kg, with a business turnover of 7078 lots. Similarly, the metal for delivery in September moved up by Rs 9, or 0.94 per cent, ...
See all stories on this topic »
Gap Inc. Details Global Commitments to Sustainability and Supply Chain
MarketWatch (press release)
Introduction of a Human Rights Policy that strengthens our existing global Codes of Vendor andBusiness Conduct to help ensure that the more than one million workers in over 1200 factories that manufacture our branded products are treated fairly and ...
See all stories on this topic »
Owner's woes stagger mill
TheChronicleHerald.ca
By JOHN DEMONT Business Reporter SHUTTERING NEWPAGE CORP.'S Point Tupper paper mill will send shock waves throughout Nova Scotia. But the cruel reality of the corporate world is that the Ohio management of the beleaguered American papermaker has more ...
See all stories on this topic »
Global business leaders to attend Forbes Global Conference 2011 in Kuala Lumpur
The Borneo Post
KUALA LUMPUR: Some 400 global business and thought leaders are set to gather in Kuala Lumpur for the 11th Annual Forbes Global CEO Conference from this September 12 to 14. IDEAL DESTINATION: Mustapa says Malaysia is an ideal destination for identifying ...
See all stories on this topic »
Singapore braces for economic downswing
Asia Times Online
The stock market, meanwhile, has tumbled in response to the bad global economic and financial news, including worries of sovereign defaults in the US and the euro zone. Between August 1 and 10, some S$105 billion (US$86.5 billion) was wiped off the ...
See all stories on this topic »
Libya weighs on oil prices
gulfnews.com
Global oil prices have been facing downward pressure in recent weeks as slowing economic growth in the US and Europe continued to undermine global oil demand. In London, Brent crude for October delivery was down $3.22 per barrel to $105.40 in early...
See all stories on this topic »

gulfnews.com
'Innovation will drive Infy over next 5 yrs'
Times of India
The changes in the global economy have suddenly reduced the positivity around IT. Competitors like TCS and Cognizant are breathing down your neck. What do you think are the biggest challenges that Infosys faces right now? The transition within Infosys ...
See all stories on this topic »
Forex Technical and Fundamental Analysis for the Week of August 22, 2011
Business Insider
S.and EU fueled more fears regarding the global recovery outlook. Investors increased demand for safer assets as risk aversion controls the market, where the Japanese yen was the first target for investors which ignored the fact that the yen is already ...
See all stories on this topic »
10-Q: GLOBAL GOLD CORP
Middle East North Africa Financial Network
This means that our auditors believe that there is doubt that we can continue as an on-goingbusiness for the next twelve months unless we raise additional capital to pay our bills. This is because the Company has not generated any substantial revenues ...
See all stories on this topic »
In Anticipation of Commercialization of Technologies, Global Holdings, Inc ...
MarketWatch (press release)
Global Holdings Inc. (GOHG) Global Holdings, Inc.'s objective is to acquire, partner with and promote advanced technologies through management coaching, effective intellectual property deployment, business networking and intelligent financial solutions ...
See all stories on this topic »
The social network(s)
The Express Tribune
On average, the global consumer spends about one in every four-and-a-half minutes online on blogs or social networking sites, reports research giant AC Nielson. Explaining the evolution of social networking, Salma Jafri — owner of WordPL.net and...
See all stories on this topic »

The Express Tribune
Investors Call for 4-Way Breakup of McGraw-Hill
New York Times
Jana and the Ontario Teachers fund have recommended that S.&P.'s ratings businessappoint a “well-known independent oversight figure” to handle government relations, especially in light of the unit's downgrading the United States's credit rating to AA+ ...
See all stories on this topic »

New York Times
Specialty Chemicals - A Global Market Overview
Sacramento Bee
The statistical tables represent the data for the global market by geographic region and functional/application areas of Specialty Chemicals. The brief business profiles of 118 key globalplayers and 141 major players across North America – 43; ...
See all stories on this topic »
The Case for Intelligent Industrial Policy
strategy+business
He sat down with strategy+business at the Manufacturing Executives Forum, which Booz & Company conducted in Chicago in May 2011. S+B: How did you come to realize the significance of manufacturing to economic vitality? PRESTOWITZ: I grew up in a ...
See all stories on this topic »
New York Times Company, North Bay Business Journal Runs Cover Story About GDT ...
PR Newswire (press release)
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc. GDT Tek, Inc.'swebsite is www.gdtTek.com, which is in the process of being ...
See all stories on this topic »
Boulder's Encision names Fred Perner new CEO
Daily Camera
Prior to his position at the perioperative nurse association, Perner served as GE Healthcare's globaleducation leader and solutions leader for two years; served as HealthStream Inc.'s senior vice president and chief compliance officer for six years; ...
See all stories on this topic »
Sprint's Florida and South Carolina Networks Prepared for Hurricane Irene
MarketWatch (press release)
MIAMI & CHARLESTON, SC, Aug 22, 2011 (BUSINESS WIRE) -- As Hurricane Irene approaches Florida and the coast of South Carolina, Sprint /quotes/zigman/240259/quotes/nls/s S -4.68% is actively using experienced network engineers, backup generators and ...
See all stories on this topic »
CryoPort Appoints Cold Chain Shipping Expert Rafik Bishara to its Advisory Board
MarketWatch (press release)
CryoPort ( www.cryoport.com ) has developed a leading edge, proprietary, technology-driven transport and packaging system focused on providing a solution that replaces dry ice for the frozen shipping market in the growing global life science industry. ...
See all stories on this topic »
¿Succesful online Business?, let´s talk about SEO and Online Marketing
Prfire (press release)
Private companies and brands, public services and non government organizations have trusted inGlobal Multedia for optimal results in their Internet projects. • Creating active communities on Social Media like Facebook. Our methodology for succesful ...
See all stories on this topic »
Bank Danamon sets rights issue price at Rp4,300 per share
FinanceAsia
The share price has held up relatively well since the indicative terms were announced on July 25 despite the collapse in global equity markets in recent weeks, and the discount versus Friday's close (the price was announced yesterday morning) is 17.3%. ...
See all stories on this topic »
ProconGPS, Inc. Files Suit Against Sky Patrol, Star Sensor and Others for ...
PR Newswire (press release)
ProconGPS, Inc.'s mission is to provide innovative, low cost GPS tracking solutions to its businesscustomers on a one-stop-shopping basis. ProconGPS, Inc. has expertise in integrating products, content, communication networks, map databases, ...
See all stories on this topic »
JAPAN SPORTS CENTURY: Dentsu pivotal in birth of sports marketing
Asahi Shimbun
"It makes me wonder what FIFA's going to do with all that money it makes," says Hiroyuki Hamaguchi, 63, head of Dentsu Inc.'s Football Business Sport Division, which has long been engaged in the marketing of soccer. Last year's FIFA World Cup finals in ...
See all stories on this topic »
Best's Review Online Global Webinar Style Town Meeting to Examine New ...
Insurance News Net (press release)
's award-winning monthly publication (www.bestreview.com), covers the global insurance industry. For information about advertising in Best's Review or webinar sponsorship opportunities, call (908) 439-2200 ext. ...
See all stories on this topic »
P2b R & D center at UP-Ayala Land Technohub unveiled
Manila Standard Today
The Center which will be part of the global R & D operations of NSN that aim to develop the future of communications technology and connect the next billion people. NSN and NetworkLabs executives also graced the launching namely Paul Tyler, ...
See all stories on this topic »
Motorola, Syngenta, Amazon, Rapidshare: Intellectual Property
Bloomberg
By Victoria Slind-Flor - Tue Aug 23 04:01:01 GMT 2011 Among Motorola Mobility Holdings Inc.'smore than 17000 patents, a group of 18 may prove most useful in Google Inc. (GOOG)'s effort to fend off litigation targeting the Android mobile platform. ...
See all stories on this topic »
Wedge Announces Reverse Takeover by UTMI
Marketwire (press release)
The acquisition will be effected by court-approved plan of arrangement under the BusinessCorporations Act (British Columbia) among UTMI, the Company and the Company shareholders. Prior to completing the arrangement, the Company will submit to its ...
See all stories on this topic »
Franc monster is strangling Switzerland's economy
The Guardian
Looking at "normal" Swiss businesses- that rely on simple home activity and understandable profit origins... you can see that most of them are either a limping disaster: see Swiss Airline(s) or a global, finance-driven, expansionist monster - see...
See all stories on this topic »

The Guardian
Poor Economy Increases Investments in Gold
KFYR-TV
Customers say there`s money to be made. "Mostly, I like gold for the worst case scenario: Insurance, you know, just in case everything would really go to the dogs," said a customer. With theglobal economy in limbo, experts say many people are looking ...
See all stories on this topic »
Korean gov't talks too much, foreign companies say
동아일보
Dong-A`s business news desk visited Thursday the offices of four foreign financial institutions in the Gwanghwamun district of downtown Seoul, along with Lee Jeong-ho, spokesman of the Financial Services Commission, when the shock of the global ...
See all stories on this topic »
Ruud Lighting brands will remain following merger
Milwaukee Small Business Times
In addition, Rajendra will be responsible for the Lochinvar global boiler business, once the acquisition of that company is complete. He also will oversee AO Smith's global technology centers focused on research, development, and product engineering, ...
See all stories on this topic »
SELCO Community Credit Union Selects VSoft's Check Processing Solutions ...
SYS-CON Media (press release)
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Eugene, Oregon-based SELCO Community Credit Union selected its check processing solutions, ...
See all stories on this topic »
VeriFone CEO Bergeron May Deploy $1 Billion Annually for Acquisitions
Bloomberg
While Europe is VeriFone's fastest-growing region, the company is expanding elsewhere to help add share in the global mobile-payments market, which Juniper Research says may reach $670 billion by 2015. Retailers worldwide will buy 77 million ...
See all stories on this topic »
Columbia Management Launches Emerging Market and European Funds
MarketWatch (press release)
"Many smaller European companies enjoy dominant global positions in highly profitable niche markets. This fund will seek out these and other exciting opportunities," said Zach Egan, also director of international research for Columbia Wanger. ...
See all stories on this topic »
HP's WebOS licensing ship has sailed, blogs say
ITWorld Canada (blog)
s promise that WebOS will continue to live on, industry bloggers argue the mobile OS will find no buyers among handset makers. Shortly after pulling the plug on its WebOS smart phones and tablets, HP's WebOS chief, Steven DeWitt, assured staff that the ...
See all stories on this topic »
Click photo to enlarge
Silver City Sun News
Silver City Small Business Development Center at WNMU will hold a How Social Networking Can Help Your Business workshop from 3 to 5 pm Wednesday at the Global Resource Center, West 12th and Kentucky streets. Learn how to communicate with your customers ...
See all stories on this topic »
Global recession fears - China Business News
By CBN
Global recession fears: Gold hits record high near $1900.
China business news
Stocks fall sharply on pr Occupations global « Breaking News ...
a breaking news, weather, busýness, health, entertainment, sports, politics, ... Business · Go back to home page. 13 Punto 15 Punto 17 Punto 19 Punto ... ology as much as five percent after s worries about Europe and the global economy ...
abreakingnews.com/stocks-fall-sharply-on-pr-occupations-glo...