Greece
facing 'financial strangulation,' PM Tsipras says - (www.ap.org) Greece's
prime minister warned Monday that the cash-strapped country is in a state of
"financial strangulation" amid worries that Athens may only have a
couple of weeks before going bankrupt. Alexis Tsipras said Greece has tabled
detailed proposals for a "viable" deal with creditors that will allow
disbursement of a 7.2 billion euro ($8 billion) cash injection — the final
payment due from the country's 240 billion-euro bailout program. For almost
four months, Greece has been haggling with its creditors from the 19-country
eurozone and International Monetary Fund over what economic reforms it must
make to secure the money. Greece has relied on bailout funds for the last five
years after its public finances spiraled out of control and it was locked out
of international bond markets. Over the past few weeks, it has survived —
paying debts as well as day-to-day commitments on things like wages and
pensions — by scraping together cash from reserve accounts. However, it admits
it is running out of options as further debt repayments come due next month. If
no deal is agreed, the Greek government may be faced with a choice of what to
pay, imposing capital controls and even leaving the euro. "Although we are
in a situation of financial strangulation, we have honored all our external
obligations," Tsipras said. "The lack of liquidity is neither the
choice nor the responsibility of the Greek government. It is a tough
negotiating tactic of our partners, and I do not know whether everybody in
Europe feels proud of it." Government spokesman Gabriel Sakellaridis said
that to honor its debt obligations this summer, Greece needs more financial
assistance. As a result, Sakellaridis expects a deal with creditors "by
the end of May."
Russia accuses West of trying to destabilize
Macedonia - (www.reuters.com) Russia accused "Western organizers" on
Saturday of trying to foment a "color revolution" in the troubled
former Yugoslav republic of Macedonia, where political tensions are building
ahead of an opposition rally on Sunday. "Color revolution" is a term
often used to describe popular uprisings in the former Soviet Union, including Ukraine,
where Moscow also accuses the West of deliberately meddling in local politics
to further its interests. In a statement on the Macedonian crisis, Russia's
foreign ministry cited Serbian media reports about the arrest of a citizen of
Montenegro accused of helping what Moscow called "Albanian
extremists" operating in Macedonia.
Woman
living in tent on her property receives eviction notice - (www.wect.com) Is
it possible to be evicted from your own property? For Ingrid Larsen the answer
is yes. She's been living in a tent on her property in Southport for the past
four months. Larsen's 3 bedroom, 2 bathroom home was destroyed ten years ago when more than 10,000 gallons of raw
sewage flooded into her home. The Brunswick County Sanitation District has
since agreed to settle with Larsen out of court, paying her $119,000. Larsen
loves her property and wishes to rebuild, but in order to do so she has to
agree to tie back into the same sewer line that destroyed her first home. Larsen
refuses to take the risk, even though the Sanitation District said they have
identified the initial issue. Brunswick County Code Enforcement handed Larsen
her final eviction notice Tuesday. "I am prepared to deal with whatever
comes," Larsen said. "If I have to go to court or even if I have to
go to jail because this is my land, this is my home."
America's Premier Rail Superhighway is Slowly
Falling Apart - (www.ap.org) The trains that link global centers of
learning, finance and power on the East Coast lumber through tunnels dug just
after the Civil War, and cross century-old bridges that sometimes jam when they
swing open to let tugboats pass. Hundreds of miles of overhead wires that
deliver power to locomotives were hung during the Great Depression. The rails
of the Northeast Corridor are decaying, increasingly strained - and moving more
people than ever around the nation's most densely populated region. The
railroad's importance became all the more apparent after Amtrak Train 188
derailed Tuesday as it sped around a curve in Philadelphia, killing eight
passengers and injuring more than 200.
So,
You're Being Investigated For Mortgage Fraud? - (www.mfi-miami.com) As
MFI-Miami ventures into the area of defending amateur real estate investors and
homeowners from bogus charges of bank fraud, mortgage fraud and short-sale
fraud, clients tell us they didn’t know they were committing a crime. In most
cases, mortgage fraud suspects are usually right. The fraud is in the
imagination of the prosecutor or U.S. Attorney with political ambitions looking
to get their name splashed all over the media and in most cases prosecutors
tend to target amateur real estate investors and homeowners they know can’t
afford high end lawyers like Gerry Spence in order to get a quick conviction
and fine from the individual. Federal and state prosecutors tend to prefer
going after these types of individuals because its a numbers game. Prosecutors
can convict or extract fines out of 10 homeowners or amateur investors faster
and more cheaply than it would cost going after one deep pocketed Wall Street
executive like Angelo Mozilo, who ran the now defunct Countrywide Financial.
Tsipras Says He Won’t Cross Red Lines in Talks With Creditors - (www.bloomberg.com)
German Bonds’ Worst Run Since 2012 Makes Inflation Data Critical - (www.bloomberg.com)
For the Highest-Paid C.E.O.s, the Party Goes On - (www.nytimes.com)
U.S., China clash over disputed South China Sea - (www.reuters.com)
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