Putin warns on arms for rebels

Weapons sent to Syrian rebels may end up in the hands of the sort of extremists who killed Drummer Lee Rigby, Vladimir Putin warned as the G8 summit ended with a degree of international accord over the crisis.

standard.co.uk (10 minutes ago)

Illinois Delays Pension Vote Amid Deadlock

The Illinois legislature won't vote this week to address the state's continuing pension crisis as leaders remain deadlocked over competing plans.

wsj.com (26 minutes ago)

Russ Feingold appointed special envoy to Africa’s Great Lakes

Secretary of State John Kerry announced on Tuesday that he has chosen former Sen. Russ Feingold as the new U.S. special representative for the Great Lakes region of Africa and the ongoing crisis in the Congo.    

nydailynews.com (27 minutes ago)

Matthew Dietrich: Daley takes on L. Madigan, Quinn

MEET THE PRESS Gubernatorial candidate Bill Daley ripped his two probable competitors Monday for their failures in the state's crippling pension crisis. Gov. Pat Quinn, in his repeated failures to get action from the legislature, has led the state through a pension version of the movie "Groundhog Day." And Attorney...

huffingtonpost.com (30 minutes ago)

Tax avoidance clampdown wins support of G8 leaders

He swam in the lough. He poured praise on his G8 partners. And at a closing blustery press conference by the side of the lake, he sold Northern Ireland as if it were one of the seven tourist wonders of the world. If summit hosts can be marked for effort, Cameron deserves an A*. Though tax campaigners accused the...

guardian.co.uk (39 minutes ago)

Guest Post: The Real Story Of The Cyprus Debt Crisis (Part 2)

Perfectly timed given the Cypriot President's call for better terms, we look at what really went on to crush this tiny island nation... Submitted by Charles Hugh-Smith of OfTwoMinds blog, Not only is the bail-in a direct theft of depositors' money, the entire bailout of Cyprus is essentially a wholesale theft of...

zerohedge.com (1 hour ago)

Obama hints Ben Bernanke’s time is up as Fed chairman

Joseph Lawler President Obama hinted Monday night that Ben Bernanke will not be reappointed to a third term as Federal Reserve chairman when his current term ends in January. Bernanke has “already stayed” at the Fed “a lot longer than he wanted or he was supposed to,” Obama told PBS’ Charlie Rose at the end of a...

washingtonexaminer.com (1 hour ago)

Syria crisis: World leaders appeal to allies of Bashar al-Assad to force the Syrian President to...

World leaders appealed to allies of Bashar al-Assad to force the Syrian President to surrender power at the close of their two-day summit in Northern Ireland.

independent.co.uk (2 hours ago)

China Joins The Broken "Keynesian Multipler" Club

A week ago we showed a chart from Charles Gave which does a better job at explaining why the modern economic "science", in conjunction with the Fed's negative rate environment, have failed at their ultimate state growth, to stimulate growth. The reason: the Keynesian multiplier, which has tracked the nominal US GDP...

zerohedge.com (2 hours ago)

Quinn, lawmakers plan pension talks into July

SPRINGFIELD (AP) - Unable to overcome a stalemate on the state's $97 billion pension crisis, Illinois Gov. Pat Quinn and legislative leaders are working on a new plan that involves forming a bipartisan committee this week and reconvening the Legislature for an additional session in July.

nwherald.com (2 hours ago)

Quinn, lawmakers plan Illinois pension talks into July

Gov. Pat Quinn and lawmakers are working on a new plan to solve the state’s $97 billion pension crisis that involves forming a bipartisan committee and reconvening the Legislature again in July.

thonline.com (3 hours ago)

Quinn, lawmakers plan another pension session for July

Gov. Pat Quinn and lawmakers are working on a new plan to solve the state's $97 billion pension crisis that involves forming a bipartisan committee and reconvening the Legislature again in July. Lawmakers will meet in Springfield Wednesday for a special session called by Quinn to deal with pensions. But the...

sj-r.com (3 hours ago)

Why Hollywood Hates Wall Street

At long last, it appears that Martin Scorsese's "The Wolf of Wall Street" is hitting the big screen. I say "at long last" because I first started writing about this movie way back in March 2007. In the six years since then, lots have happened-including a massive financial crisis. The trailer makes the movie look...

businessinsider.com (3 hours ago)

Quinn, lawmakers plan pension talks into July

Gov. Pat Quinn and lawmakers are working on a new plan to solve the state's $97 billion pension crisis that involves forming a bipartisan committee and reconvening the Legislature again…Click to Continue »

bnd.com (3 hours ago)

Russ Feingold named special envoy to Africa’s Great Lakes

Secretary of State John Kerry announced on Tuesday that he has chosen former Sen. Russ Feingold as the new U.S. special representative for the Great Lakes region of Africa and the ongoing crisis in the Congo.    

nydailynews.com (3 hours ago)

Turkey PM claims victory after protest crackdown

Turkish Prime Minister Recep Tayyip Erdogan on Tuesday claimed victory over anti-government protesters after a heavy crackdown, as police raided homes and arrested dozens of demonstrators in a bid to stamp out nearly three weeks of unrest. After a weekend of clashes sparked by the eviction of protesters from...

foxnews.com (3 hours ago)

G8 leaders agree on seven objectives for Syria

Prime Minister David Cameron admits "there were very different views around the G8 table", with regards to the crisis in Syria, but outlines seven key objectives that the leaders all agreed to work together on.    

telegraph.co.uk (3 hours ago)

Officials: Kerry taps ex-senator for Africa post

WASHINGTON - Secretary of State John Kerry announced on Tuesday that he has chosen former Sen. Russ Feingold as the new U.S. special representative for the Great Lakes region of Africa and the ongoing crisis in the Congo. Congo's government and rebels, known as the M23, have been negotiating in Uganda since December...

bostonherald.com (3 hours ago)

Syria crisis: G8 nations agree to revive peace talks but Vladimir Putin dashes hopes of immediate...

World leaders appealed to allies of Bashar al-Assad to force the Syrian President to stand down at the close of their two-day summit in Northern Ireland.

independent.co.uk (4 hours ago)

Syria crisis: G8 nations agree revive peace talks but Vladimir Putin dashes hopes of immediate...

World leaders appealed to allies of Bashar al-Assad to force the Syrian President to stand down at the close of their two-day summit in Northern Ireland.

independent.co.uk (4 hours ago)

Is the local foreclosure crisis over?

modbee.com (4 hours ago)

The Solution to America’s Fiscal Crisis – Returning Power and Taxing Decisions to the States

Where do you want the focus of government power to reside – in Augusta, ME or Washington DC? From the price of fuel to the type of light bulbs we can use to how we run our local schools, the federal government’s presence in our day-to-day lives is as pervasive as ...

bangordailynews.com (4 hours ago)

Syria crisis: G8 summit promise of aid and talks barely paper over cracks | Ian Black

In the context of the war in Syria, the G8's support for peace talks in Geneva and a pledge of $1.5bn (£960m) in humanitarian aid are the diplomatic equivalent of motherhood and apple pie – a comforting reaffirmation of the decent and unobjectionable. But neither will do much to end the crisis any time soon....

guardian.co.uk (4 hours ago)

Obama on Bernanke: Thanks for Coming. Now it’s Time to Go!

President Barack Obama stated yesterday that Federal Reserve Chairman Ben Bernanke has stayed in his position “longer than he [Bernanke] wanted”. Some will be probably agreeing with Bernanke (and Obama) more than he might have expected after having said that. Although he should have stopped short of adding (for fear...

zerohedge.com (5 hours ago)

European car sales hit 20-year low in May

European car sales and registrations are down as region deals with its debt crisis.

usatoday.com (5 hours ago)

Ed Koch Tombstone Engraved With Wrong Birth Date

NEW YORK -- Former New York City Mayor Ed Koch meticulously planned his own funeral, but his tombstone has the wrong birth date. NBC 4 New York (http://bit.ly/11kapIO) reported Monday that the headstone lists his birth year as 1942 instead of 1924. The engraver, Tommy Flynn, of Flynn Funeral and Cremation Memorial...

huffingtonpost.com (5 hours ago)

Who is feeling the squeeze? Financial crisis and age

Last week saw the release of statistics on households below average income - in other words, poverty data. This provides critical information about who are the most economically vulnerable, but it fails to capture who feels the most economically vulnerable in British society. Those feelings don't just affect mental...

guardian.co.uk (5 hours ago)

Crisis of faith in government

It is reassuring that in the midst of so much government dysfunction, the IRS has resolved the question of when and whether to tax tanning beds under the Affordable Care Act. Do not be concerned about that giddiness you feel. You are not having a nervous breakdown but are suffering ...

bangordailynews.com (5 hours ago)

Guest Post: Rumors Of OPEC's Demise Exaggerated

Submitted by Daniel J. Graeber of OilPrice.com, A mixed picture is starting to emerge from the Middle East in terms of oil production. Several members of the 12-member OPEC oil cartel are embroiled in turmoil or struggling to ensure post-war political gains. Oil production from the Middle East declined by 1.5...

zerohedge.com (5 hours ago)

NYT: No Talk Of Shared Pain In Detroit

When New York City threatened to declare bankruptcy in 1975, the idea so terrified everyone that it forced the city, its workers and its recalcitrant bankers to sit down and find ways to share the pain. Now another large city, Detroit, appears to be on the brink of filing for bankruptcy, but there is little talk...

huffingtonpost.com (5 hours ago)