There is no mechanism to kick Greece out of the euro, and the two leading candidates say they have no intention of taking Greece out voluntarily. Greece could be forced to fend for itself if the European Central Bank decides that it is a fool’s errand to keep replenishing Greek banks that have no collateral or credibility. But the bank’s job is to protect the euro, and it has repeatedly argued that contagion from an exit by Greece could outweigh the costs of keeping it afloat.Historically speaking, inflating its way out of fiscal jams has been Greece's go-to solution, but it doesn't have direct control over the Euro, which leaves that option a non-starter unless they bow out of the union for good and return to the Drachma. In the end, it's up to the European Central Bank, or more pointedly, the Germans, to decide if and how to resolve the financial crisis without putting the rest of the European Union in hock.
- When was the last time you saw a white guy get randomly frisked in Manhattan? Never? So it's understandable that people are a bit miffed over approximately 630,000 black and Hispanic men being stopped and about half that number being given the once-over. Yesterday, Al Sharpton held a 200+ gathering ahead of a planned Father's Day rally against "Stop and Frisk." A similar rally was held days ago by the Staten Island NAACP.
"Stop and Frisk" is a flawed policy that does little to prevent crime but a lot to not only antagonize the community, but also to perpetuate unfounded beliefs about black and Hispanics in regards to criminal activity.
Here's a lovely comment from "jimbo-2648066":
If the good reverend is on one side of an issue, I am automatically on the other.
I bet he'd make a great NYPD officer </sarc>.
- Mitt Romney predicts he will end the Democratic Pennsylvania winning streak. Good luck with that. Although with Tom Corbin at his side, there'd probably be enough Dem. voters kicked off the rolls and enough machines rigged or "malfunctioning" to make that happen. Meanwhile, Ron Paul struggles to show that he's very much still in the game.
- The President has put the brakes on deporting illegal immigrants who were brought to the U.S. as children:
Under the new policy, people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from deportation, Homeland Security Secretary Janet Napolitano said.A two-year deferral, and yet Republicans are crying about "unconstitutional overreach" and how this sets the stage for a general amnesty. Yes, let us ignore how the previous president also proposed sweeping changes in how immigration policy was handled.
Remember, today is Father's Day. Try giving your dad something a bit more substantive than a cheap tie and a box of cologne. Ladies, today isn't a good day to press your "baby daddy" about that back child support, either.