Greek citizens rushed to withdraw money from banks as the threat of economic failure continues to grow.
Over 700 million euros were withdrawn from banks ($894 million American dollars). Greece’s president, Karolos Papoulias, revealed the information during discussions with leaders of rival political groups.
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A former Taliban minister who had been a go-between in potential peace talks was assassinated as he headed toward a meeting with the government about reconciliation.
Mullah Arsaia Rahmani had been living in Kabul under protection from the Afghan Intelligence Service. He died when a gunman approached his car and opened fire. The assassin escaped according to another member of the Council.
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Two people were killed in a terrorist attack on Columbia’s former Interior Minister.
The former minister, Fernando Londono, was injured in the attack. His bodyguard and his driver were killed in the assault. Londono remains in a Bogota hospital in stable condition.
In addition to the deaths, around 40 people were injured in the attack.
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California’s budget deficit has swollen to $16 billion after legislators ignored Governor Jerry Brown’s calls for cost cuts.
Governor Brown had estimated in January that the budget would be short by $9.2 billion dollars. The federal government stepped in to block budget cutting measures and tax revenue was $2 billion under projections which led to the increase in the deficit. Continue reading →
Washington state health officials have declared an epidemic and are fearful of higher spikes in occurrences of whooping cough.
Washington has already had 10 times the cases reported in 2011 as has Wisconsin who has yet to declare an epidemic.
The state is providing free vaccinations against the disease and Governor Chris Gregoire announced $90,000 for a public awareness campaign about the disease. State health Secretary, Mary Selecky, said it’s the first declaration of an epidemic she’s made in 13 years on the job.
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JPMorgan Chase, the largest bank in the United States, has shocked the financial community by reporting a two billion dollar loss on investments made by the bank’s traders.
Officials with the bank blamed “errors, sloppiness and bad judgment” for the losses and stated that it was possible another billion dollars could be lost because of the strategy that has been in place for investors.
The bank’s chief investment office will lose an estimated 800 million dollars in the second quarter of the year even when accounting for gains in other investment areas.
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Sylvania, Alabama government officials are vowing to fight the anti-Christian organization Freedom From Religion Foundation over their threats to sue over town signs that quote Scripture.
“We as Christians have got to stand up regardless of what the world might say about us,” acting Sylvania mayor Max Turner told Fox News.