Greece’s prime minister abandoned his explosive plan to put a European rescue deal to popular vote Thursday, keeping his government alive â€” but passionate squabbling in Athens left the country’s solvency in doubt and the eurozone in turmoil.
Papandreou sparked a global crisis Monday when he announced he would put the latest European deal to cut Greece’s massive debts â€” a hard-fought accord that took months of negotiations â€” to a referendum. The idea horrified other EU nations, Greece’s creditors and financial markets as investors fretted over the prospect of Greece being forced into a disorderly default.
Reminds me of our twice over TARP vote. So much for democracy, the moneyed interests win again, maybe..
The political troubles of Greek Prime Minister George Papandreou mounted on Thursday after his finance minister publicly opposed a plan to tie a referendum to the nationâ€™s membership in the euro zone.
â€œGreeceâ€™s position within the euro area is a historic conquest of the country that cannot be put in doubt … [and this] cannot depend on a referendum,â€œ said Evangelos Venizelos, Greek finance minister and deputy prime minister, in an early-morning statement issued following his return to Athens from Cannes, France.
Analysts at Danske Bank noted that Papandreou is rapidly losing support, which may open the door for a unity government.
â€œA unity government passing the austerity package as well as general elections seem plausible outcomes,â€ they said. â€Both scenarios imply that no referendum will take place.â€
Shouldn’t the people of Greece have a say in this? Apparently not, according to some.
As the Obama administration announced plans for hundreds of billions of dollars more in domestic budget cuts, it late last week solicited bids for the construction of a massive new prison in Bagram, Afghanistan. Posted on the aptly named FedBizOps.Gov website which it uses to announce new privatized spending projects, the administration unveiled plans for “the construction of Detention Facility in Parwan (DFIP), Bagram, Afghanistan” which includes “detainee housing capability for approximately 2000 detainees.” It will also feature “guard towers, administrative facility and Vehicle/Personnel Access Control Gates, security surveillance and restricted access systems.” The announcement provided: “the estimated cost of the project is between $25,000,000 to $100,000,000.”
“Power is such a profoundly ugly thing. I sincerely hope every anti-war demonstrator-turned Obama voter gets Clinton’s quote tattooed on their forehead.”
Start by opening a window, turn off your air conditioning, and leave the room for at least fifteen minutes.
The National Heart, Lung, and Blood Institute (NHLBI) of the National Institutes of Health has stopped a clinical trial studying a blood lipid treatment 18 months earlier than planned. The trial found that adding high dose, extended-release niacin to statin treatment in people with heart and vascular disease, did not reduce the risk of cardiovascular events, including heart attacks and stroke.
The DSMB also noted a small and unexplained increase in ischemic stroke rates in the high dose, extended-release niacin group. This contributed to the NHLBI acting director’s decision to stop the trial before its planned conclusion.
The Incandescent Light Bulb Freedom Act, which unanimously passed South Carolinaâ€™s Senate panel, would allow South Carolina manufacturers to continue to sell incandescent bulbs so long as they have â€œMade in South Carolinaâ€ on them and are sold only within the state.
There are certain things about southern, conservative states you just have to love. Of course there’s no guarantee legislation like this will keep the old incandescent around for you to enjoy, but you can stock up now while they are still legal. (Did I really just type that? In the freedom, individual rights loving U.S. of A.? Yeah, I did.) Hardware stores regularly have overstock sales on Amazon where they sell off incandescents in bulk, usually by the box which contain anywhere between 24-48 bulbs per, usually in 2 or 4-pack cartridges. Depending on the deal you find, the cost per pack can average between 50 cents to around $1.50. (The smaller, lower wattage bulbs tend to be more expensive.) It’s really not that expensive when you total it up as the number of bulbs you’ll need is actually pretty small.
I started a light bulb burn-out survey a couple of years ago and from that calculated generally how many bulbs I’d need to supply my house for 1.5 times my life expectancy. First I took a survey of every light bulb in my house, plopped that into Excel, then tracked how often each burned out. From that I was able to calculate an average life expectancy for each wattage. (Note, lights that turn on and off again burn out in about six to twelve months, those that don’t last around two to three years. The average for your house per wattage is what you want to know.) Then I started shopping. The total cost after purchasing a full 1.5 life expectancy supply? About $900.00. It took about six months to buy a complete set since finding the best deals took time. My personal choices for bulbs were the GE Long Life or GE Double Long Life bulbs. (I’m also planning on adding to my horde in case I decide to move.) After all this, I’m happy to say I’ll never have to buy another expensive light bulb off a store shelf and the feds will not be allowed to destroy the lighting quality in my house. Win, and Big Win!
If you plan to do this, make sure and buy the right thing, bulbs have an id that identifies the wattage and base size –
A19 Std 100W (standard)
A19 Std 75W
A19 Std 60W
A19 Std 40W
A19 Std 25W
A15 Short 15W (bathroom fixture)
Also, remember that not all bulbs will be illegalized by the federal government at the same time, the more common bulbs will go first, the smaller wattages will go later. The Wikipedia article has the details. Happy shopping!
â€œWhy were you in China?â€ asked the passport control officer, a woman with the appearance and disposition of a prison matron.
â€œNone of your business,â€ I said.
Her eyes widened in disbelief.