Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo People waited outside an A.T.M. in Athens on Sunday to withdraw money. Credit Alkis Konstantinidis/Reuters ATHENS — Greece will keep its banks closed on Monday and place restrictions on the withdrawal and transfer of money, Prime Minister Alexis Tsipras said in a televised address on Sunday night, as Athens tries to avert a financial…
With Greece disintegrating before our very eyes, here are some recent blasts from the recent and not so recent past, showing just how clueless some of the most and least respected, strategists, bureucrats, drama majors, and former Goldman employees have been when it comes to Greece. First, here is Tom Lee, best known for predicting…
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6. GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28 GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS GREEK GOVT…
Despite all the ‘smartest men in the room’ proclaiming that Greece doesn’t matter, and Greek risks are “contained”, Japanese stocks are tumbling led by bank stocks. Topix Banks Index has plunged the most since Feb 2014 (and 2nd most since the Taper Tantrum in 2013). “Contained”… Japanese banks down 3.5% – the most in 18…
Just a few hours ago Greek PM Tsipras addressed his nation imploring then to “remain calm” and reassuring them that their “deposits were safe.” It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until…
AddThis Button Begin NEW YORK (CBSNewYork/AP) — Aiming to curb gender bias and harassment in New York City, officials are readying a plan that would require businesses to convert one-person restrooms into gender-neutral facilities. Legislation is being introduced that would require publicly available, single-occupancy restrooms in both public and private buildings to be designated as…
Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe. Greece is due to make a €1.6bn (£1.1bn) payment to the International Monetary Fund…
Fox News host Bill O’Reilly is fed up with people discussing racism in the wake of the Charleston church shooting.On Wednesday night’s broadcast of The O’Reilly Factor, he denied that there was “an epidemic of racism” in the U.S. and suggested that liberal “race baiters” were making it up.The self-proclaimed white supremacist who admitted to killing nine African-Americans in…
[Rendering via VisualHouse.] There are a lot of really, really expensive apartments poised to enter the market in the next few years (we’re lookin’ at you, 220 Central Park South and Nordstrom Tower) that will join the ranks of the city’s already-inundated luxury market. A few questions have been floating around for a while: when’s…
The greatest threat to world security is currently bed bugs, which reportedly stormed the United Nations this week. UN spokesperson confirms that BED BUGS have been found in the Secretariat. June 24, 2015 It’s a bedbug’s world and we’re just livin’ in it and tryin’ to negotiate peace through diplomacy in it. Advertisement But they…