

By Richard W. Rahn
Budget fantasy won't help us cope with coming fiscal disaster
Independent voices from the TWT Communities

Greece faces further hurdles and delays before it can receive a second $171 billion bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.

Investors shook off their worries about Greece on Monday and got back to their routine of little-by-little gains.

Greece faces further hurdles and delays before it can receive a second, 130-billion-euro ($171 billion) bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.
ENERGY

Given a supremely tough draw in the 2012 Davis Cup, the United States is off to an exhilarating start.

An Islamic extremist who killed two U.S. airmen bound for Afghanistan at Frankfurt airport last year and injured two others was convicted of murder and sentenced to life in prison on Friday.

A leading Jewish organization and others outraged by a photo showing Marine snipers in Afghanistan posing with a logo resembling a notorious Nazi symbol are demanding President Obama order an investigation and hold the troops accountable.

Anyone who has paid heed to Russia in the two decades since the collapse of communism and the Soviet Union has come to realize that things have not worked out all that well. Those desiring better lives, seeking the freedoms enjoyed by other peoples of the world, threw off the shackles of an authoritarian state that routinely persecuted, imprisoned and murdered its citizens by the millions.

Jules Stewart, a former Reuters journalist who has written several histories of Afghanistan, timed his short biography of Prince Albert (1819-1861) for release in December 2011 to coincide with the 150th anniversary of the prince's death.

Top-seeded Maria Sharapova was ousted from the quarterfinals of Open GDF Suez on Friday, beaten by Angelique Kerber of Germany 6-4, 6-4.

Enlisted personnel and civilian military employees are donating more to presidential campaigns than in previous elections, and they overwhelmingly prefer two candidates: Ron Paul, the long-shot Republican presidential contender opposed to using U.S. forces as the "world's police," and President Obama.
Lenovo Group Ltd., the world's second biggest personal computer maker, said Thursday that quarterly profit grew by more than half but warned hard drive costs would remain high amid a global shortage.

Between blasts of rockets and mortar fire, Syrians used loudspeakers to call for blood donations and medical supplies Thursday in the stricken city of Homs, where a weeklong government offensive has created a deepening humanitarian crisis.

Greece has reached a tentative agreement on new austerity cuts demanded by creditors to release a 130-billion-euro ($173 billion) bailout, hours before a crucial meeting of finance ministers in Brussels, Prime Minister Lucas Papademos' office said Thursday.
The 20 richest soccer clubs based on revenue for the year ending June 30, 2011, as listed by accountancy firm Deloitte in its annual report released Thursday (2010 positions in parentheses):

By Ben Wolfgang - The Washington Times
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