November 12, 2012 |
Stocks edged higher Monday ahead of big meetings in the U.S. and Europe over continued crises: the so-called fiscal cliff and heavily indebted Greece. The Dow Jones industrial average added 15 points, or 0.1%, to 12,830 shortly after the opening bell. The Dow took a beating last week, dropping more than 300 points following election day as investors signaled they expect more gridlock in Washington. Quiz: Test your knowledge of business news The broader Standard & Poor's 500 index rose 3 points, or 0.2%, to 1,383.
November 8, 2012 |
ATHENS - As tens of thousands of protesters shouting "Resist!" swarmed the streets outside, Greece's Parliament on Wednesday narrowly approved its toughest batch of spending cuts yet in order to secure vital bailout funding from its European peers. The legislation, including a controversial slate of fiscal and structural measures intended to save the state about $17 billion and ward off a messy financial collapse, was backed by 153 lawmakers of the 300-seat Parliament. Voting no were 128 lawmakers, including three from the conservative and leftist parties supporting the ruling coalition government.
October 11, 2012 |
Maybe it was the soaring unemployment, or possibly the deep debt crisis. But as Greece struggles with its myriad troubles, its largest company, Coca-Cola Hellenic, is jumping ship to more stable ground. The company, one of the world's largest Coke bottlers, is the biggest Greece-based company by market value, at $7.6 billion. But on Thursday, the company said it is switching its main stock listing from Athens to London and relocating its corporate headquarters to Switzerland as it looks to "enhance liquidity" for shareholders.
October 9, 2012 |
Did you see that German Chancellor Angela Merkel took a nice trip south Tuesday to Greece? Went really well; 30,000 or so Greeks turned out to greet her. OK, well, "greet" might not be the right word. The Greeks can be fun-loving and laid back, but not when it comes to the leader whom, as The Times reported , “they blame for pushing Greece down the road to economic ruin through her relentless emphasis on austerity in exchange for emergency aid.” So it was kind of like President Obama going to a tea party rally.
October 6, 2012 |
ATHENS - With a new batch of budget cuts looming, Greek officials have made it clear that they must target the state's nearly 1-million-strong army of civil servants, shaving salaries, benefits and bonuses for the third time in three years. "We're doomed," says social worker Dmitra, 44, who asked that her last name not be printed for fear of reprisals. "Whoever said we were privileged and protected?" And yet, many Greeks emphatically contend that government workers are protected.
September 30, 2012 |
The National Football League referees are back on the field, replacing their replacements from the Lingerie League. But the lockout strategy lives on. A number of towns and institutions across the country - indeed, the globe - are using the NFL owners as their guide, convinced that the bottom line is the bottom line. Here is a selection of lockout dispatches from hither and yon. Replacement children On the eve of the new school year, the parents of Encino declared a lockout of their children.
September 22, 2012 |
HYDRA, Greece - With its whitewashed walls and brightly blooming bougainvillea, Hydra hardly conjures up scenes of confrontation, and certainly not the revolutionary spirit of the Boston Tea Party. Yet not too long ago, a spontaneous exercise of civil disobedience reminiscent of that by enraged Bostonians, ripped through the harbor of this jagged Greek island, laying claim to anti-tax and libertarian principles and awakening a recession-weary public to an autumn of anger. In late August, a team of newly recruited tax marshals - three men and two women - moved to arrest the 54-year-old owner of Hydra's iconic tavern Psaropoula.
August 22, 2012 |
ATHENS - During Greece's three-year financial drama,Jean-Claude Juncker, the prime minister of Luxembourg, has proffered a sympathetic ear to the near-bankrupt nation as it seeks to fix its broken economy. But on a vital visit to Athens on Wednesday, the usually mild-mannered policymaker, who also chairs the meetings of the 17-nation Eurozone's finance ministers, sounded a stern warning. "I am totally opposed to a Greek exit from the euro," Juncker said after two hours of talks with Greek Prime Minister Antonis Samaras and members of his precarious coalition.
July 11, 2012 |
Stillness is a powerful teacher. I'm a bad student. I just can't seem to sit still. Travel, especially immersive experiences, is where I find much of the magic of this world. Today latimes.com/travel and I begin a video series called "Ultimate Daycation . " In it, I take viewers on a whirlwind tour of the Greek island of Mykonos, a beautiful, charming place with plenty of nightlife (besides the day life). I spend 24 hours experiencing everything under the scorching Greek sun. OK, maybe not everything, but lots. You can see the introduction to this adventure above, and the first episode in the video player below the Travel Blog.