'Drachma' in Greece; Run on Greek Banks?

As deposit holders withdrew nearly $1 billion from Greek banks on Monday, concerns mounted across Europe and around the world that Greece might withdraw from the Euro and return to its previous currency, the drachma. While Greek officials disputed reports that there was a "run" on the country's banks, Greek consumers, who withdrew billions in a 2010 panic, are determined to hold cash assets in the Euro rather than in a devalued drachma.
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'Drachma' in Greece; Run on Greek Banks?

As deposit holders withdrew nearly $1 billion from Greek banks on Monday, concerns mounted across Europe and around the world that Greece might withdraw from the Euro and return to its previous currency, the drachma. While Greek officials disputed reports that there was a "run" on the country's banks, Greek consumers, who withdrew billions in a 2010 panic, are determined to hold cash assets in the Euro rather than in a devalued drachma. 2 hours ago

'No way' of changing Greek bailout deal: Barroso

The head of the European Commission said Wednesday there was "no way" of changing the terms of a 130-billion-euro bailout agreed with Greece, as Athens prepares to return to the polls. 4 hours ago

Israeli group wins terror suit against Syria, Iran

An Israeli advocacy group won a $323 million judgment in a U.S. court against Iran and Syria for supporting Palestinian militants that killed an American teenager and ten others in a 2006 bombing, the group's director said Tuesday. 17 hours ago

NATO Conference Includes Pakistan, Excludes Israel

When the NATO Summit takes place in Chicago on May 20-21, the president of Pakistan will be there because he was invited. But no Israeli representative will be there because the Islamists in NATO, especially Turkey, said “no way.” 19 hours ago

Tehran Celebrates Success in Nuclear Talks; Ross Calls Talks 'Not Serious'

President Barack Obama's policy of "tough diplomacy" continues to fail, as the Iranian regime celebrates its gains at the negotiating table, which cross previous red lines set down by the U.S. and the international community. As even the New York Times is forced to admit, "Iran has in effect forced the West to accept a program it insists is for peaceful purposes." 1 day ago

Anti-Israel Students Refuse Debate

It is typical of anti-Israel protest--especially on college campuses--that the demonstrators refuse to debate their pro-Israel classmates. They don't have facts, or right, on their side; what they do have is an elaborate fantasy in which Palestinians are innocent victims and Israelis are evil oppressors. They abuse the academic freedom of others while refusing to exercise their own. The latest video evidence from Portland State University is a fine example of the phenomenon. 1 day ago

Asia safe from Europe's woes, says Fitch

Asian economies are better shielded from Europe's financial woes than other regions and China is unlikely to undergo a "hard landing" despite recent gloomy data, credit watchdog Fitch said Monday. 2 days ago

Iran in fresh talks with UN nuclear watchdog

Iran and the UN nuclear agency on Monday went into two days of talks, their first since two failed visits three months ago aimed at clarifying suspicions Tehran had done nuclear weapons research. 2 days ago

François Hollande, the One Percent Socialist

French voters are learning that their newly-elected Socialist president, François Hollande owns three homes on the French Riviera, according to the Daily Mail. Not surprisingly, the Agence France-Press news agency describes Hollande's assets as "modest." 2 days ago

Spain raises nearly $3.8 billion in debt auction

Spain managed to raise (EURO)2.9 billion ($3.8 billion) in a short-term bond auction on Monday, but concerns over the future of the euro currency union pushed investors to demand higher interest rates to lend the money and caused the Madrid stock market to plummet. 2 days ago

Nervous Democrats Brace for Romney Slam Dunk on Israel

Democrats are bracing for the political impact of a likely visit by Republican presidential contender Mitt Romney to the State of Israel, which would highlight the fact that President Barack Obama has not visited Israel once during his term in office. Romney, who has visited Israel several times and enjoys a long-standing personal relationship with Prime Minister Benjamin Netanyahu, may attract pro-Israel Democrats who are disappointed in Obama's often hostile approach to America's closest ally. 2 days ago

Syrians raid village, violence bleeds into Lebanon

Syrian forces killed at least five people when they raided a Sunni farming village on Sunday, torching homes and looting shops in what activists said is a sign of worsening relations among the country's religious groups. Tensions stemming from the 14-month-old uprising against President Bashar Assad also touched off clashes across the border in Lebanon as the revolt threatened to morph into a broader conflict. 2 days ago

Official: 49 headless bodies left on Mexico highway

Forty-nine decapitated and mutilated bodies were found Sunday dumped on a highway connecting the northern Mexican metropolis of Monterrey to the U.S. border in what appears to be the latest blow in an escalating war of intimidation among drug gangs. 2 days ago

Google Shuts Down Another Conservative Blog: KSM Trial Edition

I made two telephone calls to Google to protest and demand a reason for the deletion of my blog. The Google representatives told me that Google does not provide “live support” for Google Blogger, meaning you cannot speak with anyone at all about the deletion. The representatives directed me to the Google Blogger website, where the company extols its commitment to free speech and its great reluctance to censor its bloggers. 2 days ago

John Kerry Endorses NATO Airstrikes in Syria

As politicians line up to get on the right side of history, and the Obama administration bides it’s time hoping Kofi Annan can, as Senator Kerry put it, pull a rabbit out of his hat, it should be recognized that this conflict is likely to have regional and global implications. American involvement intending to avert a local humanitarian crisis could end up creating an international one, as did our involvement in Libya. 3 days ago

World View: China Denies Preparing for War with Philippines

This morning's key headlines from GenerationalDynamics.com: China blames Philippines for escalating tensions and endangering Chinese nationals, China denies preparing for war with the Philippines, China repudiates international arbitration, 'strategic pivot' to Asia brings America and Philippines closer, and China increasingly resembles late 1930s Nazi Germany. 3 days ago

Calling War on Terror Vets: National Memorial Day Parade Tribute

Since the conclusion of Operation Iraqi Freedom in December of last year, there have been many calls to honor OIF veterans with a “welcome home” parade either in Washington, D.C. or New York City. The administration along with the Pentagon decided to hold off on such an event, citing the fact that troops are still deployed in Afghanistan. Rather, they encouraged folks to hold local events in their hometowns across the country. President Obama also held a black-tie dinner at the White House for a few hundred veterans in late February. 3 days ago

Daughter: Raul Castro backs gay rights

Traditionally stigmatized in Cuba, homosexuality was fiercely repressed for many years by the regime, which interned homosexuals in work camps in the 1960s and ostracized them in the 1970s under the rule of Fidel Castro. 3 days ago

Chavez: Mission Accomplished vs. Cancer

Venezuelan President Hugo Chavez returned home from Havana late Friday, declaring success in his fight against cancer after a week in which he received what was supposed to be his last session of radiation therapy. 4 days ago

Iraq's Kurds deny hosting Mossad

The government of Iraq's Kurdish region fired back on Saturday over allegations by Iranian diplomats and officials that Kurdistan was playing host to Israeli intelligence. 4 days ago

Afghan roadside bomb kills four police

A roadside bomb killed four Afghan policemen when it ripped through their patrol vehicle in western Afghanistan, a provincial government official says. 4 days ago

Greek president in last-ditch coalition effort

Greek President Karolos Papoulias called for the leaders of Greece's political parties to meet on Sunday, in a last-ditch effort to broker a deal for a coalition government and avoid another general election. 4 days ago

Burn-out threatens Spain's bid for history

Spain head to Euro 2012 looking to make history but their bid for a third consecutive major tournament triumph could be hit by fatigue, with top players feeling the effects of several years competing at the highest level. 4 days ago

Around world, Obama's presidency a disappointment

In a world weary of war and economic crises, and concerned about global climate change, the consensus is that Obama has not lived up to the lofty expectations that surrounded his 2008 election and Nobel Peace Prize a year later. Many in Asia, Africa, the Middle East and Latin America were also taken aback by his support for gay marriage, a taboo subject among religious conservatives. 4 days ago

Philippine fruit impounded amid China sea spat

China has impounded Philippine fruit exports alleged to carry pests, squeezing a key industry amid a tense stand-off between the two countries over disputed territory, a Philippine official said. 4 days ago

S. Korea opens expo with fireworks, laser show

South Korea's president on Friday opened an international expo at a glittering hi-tech venue with a huge seafront display of fireworks and lasers. After four years of preparation and $10 billion investment, a 2,000-strong crowd -- including foreign delegates -- cheered as the sky lit up above the southern city of Yeosu. 4 days ago

Rising German Political Party Criticized for Holocaust Denial

The German Pirate Party, which also seems to have a keen focus on the Internet, experienced something of a breakthrough in Germany's recent elections as protest party. However, concerns have arisen regarding the possibility of Holocaust denial among their ranks. Individuals from Israel's embassy in Berlin met with officials from the party. 4 days ago

Attacker in Afghan uniform kills US service member

A man wearing an Afghan army uniform shot dead a U.S. service member in the east of the country, one of two NATO troops killed on Friday, military officials said. The Taliban took credit for the attack. 4 days ago

World View: US Special Forces Ready to Cross into Syria

Today's key headlines from GenerationalDynamics.com: two suicide car bombs explode in Damascus Syria, killing 55, Syria suicide bombs may be linked to al-Qaeda's 'al-Nusra Battlefront,' 12,000 troops mass near Syria's border in 'Eager Lion 2012,' U.S. special forces ready to cross into Syria, China threatens Philippines with military action, and relations worsen between America and Pakistan. 4 days ago

Khaleid Sheikh Mohammed Hijacks Trial: 'Jihad in a Courtroom'

From all reports available, the arraignment of 9/11 mastermind Khalid Sheikh Mohammad and his four co-defendants last Saturday was nothing less than an insult to the families of 9/11 victims. A mockery of justice itself, the five men “refused to acknowledge the judge” while their attorneys “repeatedly challenged the legitimacy of the court.” In other words, they hoped to shift the focus of the trial to our system of justice rather than the savagery of KSM and his cohorts. 5 days ago

Eurozone fights for its future on all fronts

The eurozone was fighting on four fronts on Friday, with deficits clouding growth, Greek membership at risk, Spanish banks in trouble, and the outlook hanging on talks between paymaster Germany and a new French president. 5 days ago

Greek euro exit no longer unthinkable

There have been two and a half years of bailouts and broken promises by Greece to reform. The result: a fifth year of recession and, this week, political chaos. Voters on Sunday favored parties that either oppose the country's international bailout or want to renegotiate it. If it cannot get more rescue loans, Greece will go bankrupt and likely have to leave the eurozone, the currency union of 17 countries. 5 days ago

Anti-Austerity Hollande: Sarkozy Underplayed Budget Woes

(AP) PARIS -- French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems and wants a new audit of France's books. 5 days ago

Israel vs. Iran: 'Any Given Moment'

Israel's channel 10 is reporting that U.S. officials are working frantically to prevent a pre-emptive Israeli attack on Iran, which the new unity government could carry out at "any given moment," according to Israel National News. 5 days ago

Horst Faas, AP combat photographer, dies at 79

As chief of photo operations for The Associated Press in Saigon for a decade beginning in 1962, Horst Faas didn't just cover the fighting; he also recruited and trained new talent from among foreign and Vietnamese freelancers. 5 days ago

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