Ethics violations at home
SC Lt. Governor Ken Ard resigns. One of his numerous violations:
Ard also spent more than $3,000 worth of campaign money at Best Buy for what he told the ethics agency was computer equipment and was “for campaign and office-related purposes.” It turned out he had really bought a Playstation 3, a flat-screen TV, an iPod Touch 8G, and two 3G iPads.
Unfortunate state of affairs in SC.
Nigel Farage takes on “Puppet Papademos”.
He’s not even a democratically elected prime minister. He’s been appointed by you guys. Greece is not run through democracy now, it is run through a Troika. Three foreign officials that fly into Athens airport and tell the Greeks what they can and cannot do.
The violence and destruction that you saw on Sunday is being caused directly because people are having their democratic rights taken from them. What else can they do?
The latest Greek debt freak out. Will Papandreou’s highly anticipated speech tomorrow make any difference? In the grand scheme of Greece’s problems, I think not.
GGGB10YR is an index comprised of generic EUR Greek government bonds. As investors become more worried that the government may default on or restructure their debt, yields on government bonds (the cost of borrowing for the Greek government) rise.