Thursday, October 27, 2011

Newsdome: Europe bails out Greece, but Italy could be next

Posted By on Thu, Oct 27, 2011 at 10:47 AM

German Chancellor Angela Merkel
>> As agreed upon this morning in Brussels, European banks will take a 50 percent loss on Greece's debt, hopefully reducing it to 120 percent of its GDP in the next decade. And that's a good thing. Responsibility fell on Germany, which doubled the size of the Eurozone emergency bailout fund to $1.4 trillion—though who knows where that money is coming from. Now with one major economic crisis somewhat averted, the EU is focusing on Italy, which could be next in a financial meltdown. I smell #OccupyBerlin. (the New York Times)

>> Nearly 2,000 Occupy Oakland protesters gathered last night to demand the resignation of the mayor after Iraq war veteran Scott Olsen was critically injured by a tear-gas canister at the demonstration on Tuesday night. Even Egyptians are upset that a former American soldier stationed in the Arab world was hurt. (the Guardian, Twitter)

>> A new 5.2-magnitude earthquake hit south of Sunday's 7.2-magnitude quake in Turkey, rising the death toll to 523 today. One-hundred and five people have been rescued, and 1,650 were reported as injured. Here's how you can help. (CNN)

>> Mississippi is the only state voting on a life-at-fertilization amendment this fall, though Ohio and Florida may be next. The "personhood" initiative would make abortion, in vitro fertilization and some forms of birth control the legal equivalent of murder. Is there anyway to stop these ignorant rednecks from reproducing? (CBS News, the New York Times)

>> And finally, something Rick Perry and I can agree on: Perry had previously defended the public display of the Confederate flag but now opposes a new Texas license plate with the symbol, saying, "We don't need to be opening old wounds." Then he went shooting here. (Politico, Political Wire)

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