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ATHENS, Greece – Hundreds of youths rioted in Athens on Saturday, throwing Molotov cocktails and stones at police who responded with tear gas at a May Day rally against austerity measures being enacted by the cash-strapped government to secure foreign loans to stave off bankruptcy. The center-left government is set to announce more sweeping spending cuts through 2012 to win support for an international loan package worth euro45 billion ($60 billion) this year alone. The Cabinet meets Sunday morning to finalize the measures, with Finance Minister George Papaconstantinou expected to announce them at noon and then immediately fly to Brussels for an emergency meeting of euro-zone finance ministers.
The International Monetary Fund has said it will provide the money over three years, along with Greece's partners in the euro zone. IMF and EU negotiators began talks in Athens on April 21 and continued through Friday.
French Finance Minister Christine Lagarde said Saturday after a meeting of French government officials that she was confident euro-zone finance ministers would approve the package by the end of the weekend. Governments are discussing a package of up to euro120 billion ($159 billion) over three years, she said.
In March, Athens announced belt-tightening measures aimed to save some euro4.8 billion this year through cuts in civil service pay, higher indirect taxes and a crackdown on widespread tax evasion. But these proved insufficient, and additional austerity measures will likely include further hikes in consumer taxes, and deeper cuts in pensions and public service pay. Unions are furious.
"These measures are death. How people are going to live tomorrow, how they're going to survive, I do not understand," said Nikos Diamantopoulos, who was participating in a rally organized by pro-Communist unions.
Greece spent freely for years and ran up debt equal to 115 percent of gross domestic product. It has been effectively shut out of bond markets to refinance its debt pile because investors fear default and are demanding high rates of interest the government says it cannot pay.
Signs that the help will soon be approved have calmed markets, which previously pushed Greece's cost of borrowing to untenably high levels high as EU and German officials showed little urgency in addressing the problem.
On Friday the interest rate gap, or spread, between Greek 10-year bonds and their benchmark German equivalent narrowed to 6.20 percentage points, from a staggering 10 points Wednesday.
But Athens was in for more bad news as credit agency Moody's Investor Services downgraded the debt rating of nine Greek banks: National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, Emporiki Bank of Greece, Agricultural Bank of Greece, General Bank of Greece, Marfin Egnatia Bank and Attica Bank.
Moody's said the banks' might face further downgrades — a move that would come alongside Moody's ongoing review of the country's sovereign debt rating.
On Thursday, the agency confirmed that it is awaiting to see details of an EU-IMF rescue package before a possible revision of Greece's credit rating, but that a "multi-notch downgrade" remained likely.
Greece spent freely for years and ran up debt equal to 115 percent of gross domestic product.
WHEN we fall under the spell of a charismatic figure, areas of the brain responsible for scepticism and vigilance become less active. That's the finding of a study which looked at people's response to prayers spoken by someone purportedly possessing divine healing powers.
To identify the brain processes underlying the influence of charismatic individuals, Uffe Schjødt of Aarhus University in Denmark and colleagues turned to Pentecostal Christians, who believe that some people have divinely inspired powers of healing, wisdom and prophecy.
Using functional magnetic resonance imaging (fMRI), Schjødt and his colleagues scanned the brains of 20 Pentecostalists and 20 non-believers while playing them recorded prayers. The volunteers were told that six of the prayers were read by a non-Christian, six by an ordinary Christian and six by a healer. In fact, all were read by ordinary Christians.
Only in the devout volunteers did the brain activity monitored by the researchers change in response to the prayers. Parts of the prefrontal and anterior cingulate cortices, which play key roles in vigilance and scepticism when judging the truth and importance of what people say, were deactivated when the subjects listened to a supposed healer. Activity diminished to a lesser extent when the speaker was supposedly a normal Christian (Social Cognitive and Affective Neuroscience, DOI: 10.1093/scan/nsq023).
Schjødt says that this explains why certain individuals can gain influence over others, and concludes that their ability to do so depends heavily on preconceived notions of their authority and trustworthiness.
It's not clear whether the results extend beyond religious leaders, but Schjødt speculates that brain regions may be deactivated in a similar way in response to doctors, parents and politicians.
A group of Chinese and Turkish evangelical explorers said on Monday they believe they may have found Noah's Ark - 4000m up a mountain in Turkey.
The team say they recovered wooden specimens from a structure on Mount Ararat in eastern Turkey that carbon dating proved was 4800 years old, around the same time the ark is said to have been afloat.
"It's not 100 per cent that it is Noah's Ark but we think it is 99.9 per cent that this is it," said Yeung Wing-cheung, a Hong Kong documentary filmmaker and member of the 15-strong team from Noah's Ark Ministries International.
The structure had several compartments, some with wooden beams, which were believed to house animals, he said.
The group of evangelical archaeologists ruled out an established human settlement on the grounds that one had never been found above 3500m in the vicinity, Yeung said.
Local Turkish officials will ask the central government in Ankara to apply for UNESCO World Heritage status so the site can be protected while a major archaeological dig is conducted, Yeung added.
The biblical story says God decided to flood the earth after seeing how corrupt it had become, and told Noah to build an ark and fill it with two of every animal species.
After the flood waters receded, the Bible says, the ark came to rest on a mountain. Many believe that Mount Ararat, the highest point in the region, is where the ark and her inhabitants came aground.
“If the disclosures at these hearings are not the final nail that persuades the American people to demand this be done now, I don’t know what would be,” said Senator Byron Dorgan, Democrat of North Dakota. “To bet against your clients, to bet against your country, all for the sake of big profits. The timing is serendipitous but it should increase the pressure on Republicans.”
“Republicans will have more opportunities to show whose side they are truly on."
"Oh yeah baby! Suck it. That's right.
Maybe daddy will give you a twenty.
You can go out & get your dad's meds.
Heh!
Heh! Heh!"
Chicago Police Supt. Jody Weis today spoke out against a request for the Illinois National Guard to be to deployed on Chicago’s streets to help tackle gun violence.
Stopping just short of outright rejecting the request from state lawmakers Rep. John Fritchey and Rep. LaShawn Ford, Weis said “I don't think the National Guard is the solution.”
At a press conference earlier Sunday, Fritchey and Ford had called on Gov. Quinn and Mayor Daley to deploy troops. The action, in coordination with Weis, should be taken as soon as possible to help get guns and criminals off the street, they said.
The two Chicago Democrats noted National Guard members are now working side-by-side with U.S. troops to fight wars in Iraq and Afghanistan, while another deadly war is taking place in Chicago neighborhoods.
“Is calling for National Guard deployment a drastic action? Of course it is,” said Fritchey. “Is it warranted under these circumstances? Without question. If we can bring (the National Guard) in to help fill sandbags for flooding... to deal with tornado debris, we can bring them in to save lives.”
So far this year, 113 people have been killed across Chicago — precisely the same number as the number of U.S. troops killed in Iraq and Afghanistan combined during the same time period, the legislators noted.
"U.S. troops have been winning the hearts and minds (of people) in Iraq," Ford said. “They’ve stabilized those communities. They made those communities much better. Now those communities are safe. That’s what we want right here in Illinois, for the National Guard to come in and stabilize these communities.”
Fritchey and Ford noted the National Guard has been deployed in other states to prevent violence related to specific events and protests, but added that they were unaware of guardsmen and women being deployed to assist with general urban unrest.
They stressed a call for National Guard help here should not be equated with marshal law.
“We’re not talking about rolling tanks down the street,” Fritchey said. “We’re not talking about armed presence on every corner. We’re talking about individuals, men and woman that have been specifically trained to assist law enforcement and, assist with civil unrest. This is what the National Guard in part is trained to do.”
But Weis cautioned against “comparing apples and oranges.”
Referring to the Kent State shootings in 1970, when National Guardsmen fatally shot four student protesters at a campus demonstration, Weis said that “when you mix military functions with law enforcement functions, there is sometimes a disconnect.”
Noting that the military does not operate under the same constitutional constraints as the police, he questioned how Chicago residents would react to soldiers raiding homes without warrants, and said that in his 25 years of law enforcement experience, he had never seen an example of military personnel working under local civilian command.
“The National Guard is very useful if we had a big earthquake or huge flood or a catastrophe like that, where we simply had to control folks,” he said, “But the problems we’re facing are illegal weapons, narcotics and gangs. And while I will always look out for as much help as we can, I don't think the National Guard is the solution.”
The lawmakers could better help by passing tougher gun control laws, he said, also calling on communities affected by violence to “break the code of silence” against identifying criminals.
Quinn spokesman Bob Reed declined comment.
Fritchey and Ford noted that 80 percent of city homicide victims are black. Ford represents constituents in the West side communities of Austin, Lawndale and West Garfield, that have been hard hit by homicides and other crime. Fritchey represents constituents in the lower-crime North side communities of Bucktown, DePaul, Lincoln Park, Roscoe Village and Ravenswood.
The legislators said while they believe more should be done to deal with the violence, their views shouldn’t be seen as criticism of local law enforcement, whose resources are stretched thin.
They added Weis recently pointed out most violent crime in Chicago happens on just 9 percent of the city's blocks. To target these “hot spots,” Weis has said he was seeking 100 officers to volunteer for a summer-long “strategic response team.”
Deploying the Guard is a better option, Fritchey and Ford contend.
While Weis came out against the suggestion Sunday, he did add that he had yet to discuss it with the mayor and that is something he was willing to “explore.”
“I’d have to see what the mayor’s position on this is,” he said. “If he’s open to it, you know, of course, I’d be open to it. I have certain concerns, based on my time in law enforcement and the United States military.”