July 4, 2015

Weekend Roundup

This week, while the U.S. celebrates its independence, the world watches a modern Greek tragedy unfold as Greece votes on austere bailout terms imposed by the country's creditors. However the vote goes, one thing is clear: The austerity that came with the two previous bailouts has utterly broken the Greek economy. GDP has gone down nearly 30 percent. A quarter of the country is unemployed, including half of its young people. Pensions have been slashed. The health budget has been cut by 40 percent. Suicides are up 36 percent since 2008. The Troika has authored a new Greek myth -- that you can cut your way to growth. And now they're back, demanding more of what's already shattered the economy. The question is will they shatter the spirit of the Greek people? Just as we value our independence, so do the Greeks, who, after all, invented democracy. No matter the outcome of the vote, feeling some measure of control will help keep Greece's spirit alive.

Why $335 Billion In Bailouts Failed To Save Greece

Greece Referendum
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Iran Sanctions Relief Tentatively Agreed On In Nuke Deal

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To Forgive Or Not To Forgive The Charleston Shooting Suspect

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Federal Leaders Attend Stampede With Election In Mind

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When A Judge Recognizes The Accused As A Former Classmate

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How To Make A Classic Margarita

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Home Of Canucks' Daniel Sedin Hits The Market For $5.9 Million

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The Best And Worst Dressed Celebs This Week

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Rob Lowe Air Canada
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