Headlines for June 20 2012 - Daily Hudson Valley News

Headlines for June 20 2012

Jun 20th, 2012 | By | Category: Headlines Off The WALL

SERIOUS DEBT PROBLEMS FACED BY THE GOVERNMENT OF GREECE KEEP THREATENING TO BRING DOWN THEIR ECONOMY AND DO DAMAGE TO THE EURO ZONE BESIDES. THE CONSERVATIVE NEW DEMOCRACY PARTY, WINNER OF SUNDAY’S GREEK ELECTIONS ARE COMING TOGETHER WITH GREEK SOCIALISTS AND THE DEMOCRATIC LEFT PARTY TO FORM A VIABLE COALITION GOVERNMENT WITH A DAUNTING TASK AHEAD. A PARLIAMENTARY MAJORITY IN ATHENS MUST BARGAIN WITH THEIR PARTNERS IN THE EURO ZONE TO TRY AND TO LIFT GREECE OUT OF A PERSISTENT ECONOMIC CRISIS. ANOTHER RESULT OF THE GREEK ELECTION RESULTS IS THAT ATHENS WILL CHOOSE TO REMAIN FIRMLY IN THE EURO ZONE FOR THE FORESEEABLE FUTURE.

THE VOTE TALLIES FROM ANOTHER ELECTION THAT ALSO HAPPENED LAST WEEKEND ACROSS THE MEDITERRANEAN IN EGYPT ARE NOT YET OFFICIAL. THAT FACT HAS NOT KEPT MUSLIM BROTHERHOOD STANDARD BEARER MOHAMMED MORSI FROM CLAIMING VICTORY WHICH HE DID ON MONDAY. BUT THERE’S STILL A FORMAL VOTE COUNT TO CONTEND WITH PLUS A CHALLENGE BY AHMED SHAFTIK, A PRIME MINISTER WHO SERVED UNDER FORMER PRESIDENT HOSNI MUBARAK: SHAFTIK CAME IN A VERY CLOSE SECOND IN BALLOTING BY EGYPTIANS. AS FOR MUBARAK, THE MAN WHO HELD POWER AS LEADER IN EGYPT FOR THIRTY YEARS IS AILING AND AT LAST WORD WAS IN A COMA AT A HOSPITAL IN THE CAPITOL OF CAIRO. EARLIER ACCOUNTS OF MUBARAK HAVING DIED HAD SURFACED RECENTLY, BUT WHILE THE 84-YEAR-OLD EX-DICTATOR CLINGS TO LIFE IN A STATE OF UNCONSCIOUSNESS, HIS VITAL ORGANS WERE ALL FUNCTIONING.

THE CONCLUSION OF THE LEADERS GATHERING AT THE G20 SUMMIT IN MEXICO IS THAT THEY’RE BEHIND EFFORTS BY THE EUROPEAN ECONOMIC COMMUNITY TO OVERHAUL AND INTEGRATE ITS BANKING SYSTEM. PRESIDENT OBAMA REMARKED THAT THE EURO LEADERS HAVE RECOGNIZED THE URGENCY OF DEBT CRISES AND ARE AWARE OF WHAT IS NEEDED TO “BREAK THE FEVER” OF THE CURRENT CRISIS BEING FACED BY THE EURO ZONE ECONOMIES, MR. OBAMA ADDING THAT THE E-U WAS MOVING TOWARD INTEGRATION RATHER THAN BREAKING UP, UNDERSCORING THE RESULTS OF SUNDAY’S ELECTIONS IN GREECE.

DOMESTIC STOCKS WERE UP IN TUESDAY TRADING, BUT FUTURES ARE MIXED THIS MORNING AHEAD OF WEDNESDAY’S OPENING BELL ON WALL STREET. INVESTORS ARE DOUBTLESS WAITING ON A REPORT BY THE FEDERAL RESERVE THAT WILL COME OUT LATER IN THE DAY.

THE INVESTIGATION BY A PANEL OF ORANGE COUNTY LAWMAKERS INTO THE FINANCIAL STATUS OF THE VALLEY VIEW NURSING HOME HAS BEGUN. AT THE SAME TIME, THE LEGISLATURE’S HEALTH AND MENTAL HEALTH COMMITTEE HAS APPROVED A REQUEST FOR AN ADDITIONAL 3 (M) MILLION DOLLARS THAT WILL KEEP VALLEY VIEW RUNNING BEYOND THE END OF THIS MONTH AS BOTH THE INVESTIGATION AND THE PENDING SALE OF THE NURSING HOME MOVE FORWARD. THAT 3 (M) MILLION WILL PRESERVE THE STATUS QUO OF THE NURSING HOME’S OPERATIONS FOR ABOUT THREE MORE MONTHS AS MORE TIME WILL BE NEEDED FOR THE PANEL OF TWO DEMOCRATS AND TWO REPUBLICANS FROM THE LEGISLATURE TO DO THEIR JOB AND FOR A CHOICE TO BE MADE FROM THE FOUR PROSPECTIVE BUYERS OF VALLEY VIEW. THE INVESTIGATION WILL LOOK INTO CLAIMS MADE BY THE EXECUTIVE OVER FINANCIAL STRAINS IN OPERATING THE 360-BED FACILITY, WHICH WERE USED AS THE CHIEF REASONING IN MOVING TO SELL IT TO PRIVATE ENTERPRISE.

THE STATE LABOR DEPARTMENT IN ALBANY IS OUT WITH SOME DISTRESSING STATISTICS ON UNEMPLOYMENT, BOTH STATEWIDE AND IN THE HUDSON VALLEY REGION. ACROSS THE STATE, MAY JOBLESS NUMBERS ROSE EIGHT TENTHS OF ONE PERCENT FROM ONE YEAR AGO, TO EIGHT POINT SIX PERCENT LAST MONTH. THAT RUNS COUNTER TO NATIONWIDE TRENDS WITH THE RATE OF UNEMPLOYMENT ACTUALLY GOING DOWN BY THAT SAME AMOUNT OVER THE PAST YEAR, FROM EIGHT-POINT-SEVEN TO SEVEN-POINT-NINE PERCENT. ORANGE COUNTY’S JOBLESS RATE ALSO CLIMB BY EIGHT-TENTHS OF ONE PERCENT FROM MAY 2011, REGISTERING AT EIGHT-POINT-THREE PERCENT. IN NEIGHBORING SULLIVAN AND ULSTER COUNTIES, THE INCREASE FROM MAY OF LAST YEAR AMOUNTS TO A FULL PERCENTAGE POINT, SULLIVAN CROWDING DOUBLE-DIGIT TERRITORY WITH NINE-POINT-SEVEN PERCENT UNEMPLOYMENT LAST MONTH.

A BATTLE OVER HOW MUCH ACCESS SHOULD BE MADE AVAILABLE TO PARENTS ABOUT TEACHER EVALUATIONS IN NEW YORK STATE WILL LIKELY HAVE TO BE DEFERRED UNTIL THE NEXT SESSION OF THE LEGISLATURE. AS FAR AS GOVERNOR CUOMO IS CONCERNED, THE ISSUE IS NOT GOING ANYWHERE FOR THE MOMENT ONE DAY BEFORE THE CURRENT SESSION OF THE SENATE AND ASSEMBLY ENDS FOR ITS SUMMER RECESS TOMORROW THURSDAY. THE ASSEMBLY HAS INTRODUCED A MEASURE WITH THE GOVERNOR’S SUPPORT THAT WOULD PERMIT PARENTS AND LEGAL GUARDIANS TO VIEW THE EVALUATIONS OF THEIR CHILD’S TEACHERS; THE SENATE IS MULLING THAT OVER, BUT WON’T HAVE MUCH TIME REMAINING IN THE CURRENT SESSION TO DO SO.

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Headlines provided by Bob Schaeffer for WALL Radio 1340 AM
Mark West in the Morning with Bob Schaeffer and Chris Mitchell

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