The Greece Debt Situation Is Taking A Toll On Wall Street

Wall Street Prices Drop Because Greece Might Leave The European Union

Greece has been going through a financial crisis for a few years. The European Union saved them from going bankrupt once, but the chances of giving them another lifeline looks doubtful unless the Greek government makes some radical changes. The European Central Bank is not supporting Greek banks anymore, and that means more financial problems for Greek citizens.

Folks at Boraie Development (njbiz) know that the immediate problem is Greece can’t make its 2.6 billion euro loan payment to the International Monetary Fund. That payment is due immediately unless Greek negotiators pull a last minute rabbit out their Phrygian hats. Meanwhile, stocks around the globe are feeling the effects of the Greek debacle. Some Americans don’t realize the severity of a Greek default. If Greece does default, the aftershock will be felt in financial institutions around the world.

Greece is not the only country experiencing debt issues. The Commonwealth of Puerto Rico recently said it cannot make its loan payment, and the Chinese stock market is taking a beating, but it will recover at some point. The meltdown of 2008 is still fresh in everyone’s mind. A meltdown in Europe could spread around the world if all the financial ingredients are in place to make that happen.

The European Union Threatens To Expel Greece Over Austerity Measures

Thousands of Greek citizens gathered outside of the countries parliament on Monday night to march against a Yes vote on new austerity measures. Those gathered included government ministers. The measures are part of a plan in which the European Union (EU) would lend the Greek government the money to pay off current debts if they accept the new austerity measures.

Brad Reifler said that the Greek people claim that they have been victims of austerity measures for the past five years. They point out they have lost homes and jobs while suicides are up. They fear these new rules will make the problem even worse. Prime Minister Alexis Tsipras has called for a no vote. Many of the protesters were supporters of the far-left Syzria ruling party. They give differing opinions on why they want a no vote, but all seem to be against austerity measures being inflicted by outside groups.Click here for more information.

The EU is being portrayed as a heartless bureaucracy that is unconcerned about the difficulties of the average Greek citizen. For its part, the EU states that if the measures are not accepted they will be forced to remove Greece from its union. The effects of the plan are already being felt as ATMs ran out of money on Monday in a move by the government to stop people from removing money from the country.

The bump is showing.

Obama’s rise in the polls has not been a recent event. He regularly polls slightly below the 50 percent threshold in most credible polls and aggregation of polls since last year. However, in none of these polls has he been above the 50 percent marker in the same time period. Additionally, before the incline began, he was polling very low. This prompted pundits and republicans to affix the lame duck tag and begin exit exaltations. However, with the freedom that Obama has been given with the acquisition of his second and final term, he began to engage in efforts that had previously been deemed taboo by the administration.

This willingness to engage came to a head with the recent eulogy that he performed in the wake of some recent tragedies in America stated Kevin Seawright. The rest of the bump was hand-gifted from republicans in the form of Supreme Court decisions that were rendered in his favor in dramatic fashion. These lawsuits were frivolous, and the only hope for republicans to upend Obamacare would be for all the conservative justices to simply make a partisan decision and further erode the respect of a Supreme Court that has no illusion of impartiality remaining. Marriage equality had very little to do with Obama, but he has greatly benefited from the ruling because he changed his position soon enough to be credible with that community.

President Working to Expand Overtime Pay

Monday, President Obama proposed a plan to make 5 million more salaried workers eligible for overtime pay.

In a Huffington Post editorial, Obama said he wants to double the maximum wage a worker can make and still be eligible for overtime. As it stands, under certain circumstances, salaried employees who make more than $23,600 yearly can be disqualified from overtime pay. His proposal would raise that limit to $50,440.

The President believes the change is necessary because the exemption was meant to only affect high-paid workers, but Tabar indicates it’s actually hurting the middle class. “We’ve got to keep making sure hard work is rewarded,” he wrote. “Right now, too many Americans are working long days for less pay than they deserve.”

Obama does not need Congressional approval to make this change because the current regulation is a Department of Labor rule. When the proposal is published there will be a comment period. Business groups are likely to feel that the new rule will kill jobs and that it won’t help workers earn more money.

Obama is set to discuss more details later this week in Wisconsin. U.S. Labor Secretary Thomas Perez will hold a press conference on the proposal today.

Bernie, Bernie, Bernie

Senator Bernie Sanders of Vermont, an independent running for the Democratic nomination for President, has boldlypredicted that the will win the nomination and be elected President next year. Amazingly enough, he sounds totally serious when he says it.

Clearly, there is a core group in the U.S. with whom Sanders’ populist message resonates. Sanders’ poll numbers have been going up. He may well give Hillary Clinton a good run in early caucuses and primaries. Although he enjoys very low support among minorities, Sanders is convinced that his message of closing the income disparity gap will bring African-American and Hispanic voters into his camp.

The fact that Senator Sanders is making this prediction at this time or at all shows that, despite his many years of public service, he remains naïve about the political process, perhaps one of his most endearing qualities. But a feel-good message from a white guy in his 70’s is not going to ultimately draw the people into Sanders’ camp that he would need to win the nomination said Zeca Oliveira.

Senator Sanders is, by all accounts, an excellent Senator, representing the State of Vermont well. But running for Senate in Vermont and running for the Democratic nomination nationwide against Hillary Clinton are totally different exercises. For Senator Sanders, the second will dissolve into an exercise in futility—it’s just a matter of time.

Venture Capitalist Mark Sparks Makes Dreams Come True For Entrepreneurs

With the global economy stagnant, organizations seeking to start up are, in essence, caught between a rock and a hard place. Lacking the significant capital to further advance the agenda of the start-up, organizations are turning got venture capitalists, as a source of financial support. There are a few select individuals that can fund a start-up, free of outside investment, but in many instances, there will be a need for an adequate source of capital, to maintain sustained development of the intended entity.

Venture capitalists, such as Mark Sparks, founder and CEO of Timber Creek Capital, LP, which is a private equity firm, that seeks the visions of aspiring entrepreneurs and transforms them into vast streams of revenue. Venture capitalists do not operate under the same radar as financial institutions might, as venture capitalists are more adept to scrutinizing every facet of the start-up venture, with a magnifying glass, and fine tooth comb. Factors that Mark Sparks takes into consideration when doling out funding for start-up ventures include the uniqueness and proprietary state of products that are being produced. To fund just another product, that is mass produced, in the marketplace, doesn’t seem viable, but to finance a product, that is unique in its own right, and can capture a significant portion of market share makes sense.

Entities that are established in the marketplace, and seeking to expand, due to consumer demand must substantiate current and future demand, have to employ data mining, to produce data, that serves as bona fide proof that customers crave for a specific product or service. Speculation and historical data don’t carry the impact as they once did. In a world of on-demand, real-time data, venture capitalists want information on sales, current inventory, and consumer demand, at the snap of a finger, as global occurrences can change demand virtually overnight.

It is essential that a well drawn, strategic initiative, is set in place. When spending other people’s money, venture capitalists will mandate a full accounting, prior to, and afterwards, of how funding was allocated to various sectors of the venture. This is extremely critical when making the pitch for funding, and is equally important as the venture becomes fully operational.

“Through my years of experiences I understand challenges and devastating circumstances entrepreneurship can bring. My passion is to help entrepreneurs build their dream and companies to critical mass through my experience,” Marc Sparks said.

Pakistan Suffering from Massive Heatwave

The country of Pakistan is currently experiencing a heatwave that is so intense that it is leaving hundreds of citizens dead. The Sindh province is the most affected area of the country where the death toll has reached up to over 800 people. In the city of Karachi, the temperatures have been recorded as up to as high as 113 degrees fahrenheit. Hospitals in the area are becoming overwhelmed with patients that are coming in who are suffering from heat related issues such as dehydration and heatstroke.

Not only is the area suffering from the oppressive heat, but they are also experiencing massive power outages for the last few weeks stated Handy. Many citizens have been protesting against the government as well as the local power company, K-Electric, for not doing more to get the power on and staying on. If these people had power to their homes than they may have been able to avoid the huge death toll that is still climbing.

Weather experts expect the temperatures to start cooling down next week in the area however it is only June. The temperatures are only going to climb as the summer months wear on. Hopefully the power company and the government can work together to bring some sort of relief to those who are suffering through it.

For the full story, check it out on BuzzFeed.com.

Nigerian President Buhari Sets Election Model

Many countries in africa have taken notice that democracy seemed to have worked very well in the most recent Nigerian elections. The newly seated Nigerian President Buhari was the first opposition candidate to win an election in Nigeria. What is of note is that the election went off without any major bloodshed and the transition of power was seamless much like the American election model. New Nigerian President Sets Example for African Leaders

Buhari’s election to the presidency was also remarkable in that Buhari has a previous leader of the country as a result of a coup that he lead over twenty years ago. Buhari showed his political rivals as well as his political base that he could present a moderate persona as well as an inclusive political platform. Sam Tabar tells us that Buhari has built a reputation of being incorruptible and had pledge to weed out corruption in the Nigerian government. He also embraced social media and built a grass root election base that helped spread his message before the polls open.

Using modern campaign techniques, Buhari made himself available to the electorial base in ways that no previous African leader has done. Many are hoping to see if Buhari’s administration is just as progressive as his campaign and whether he will try to reduce the poverty level that has gripped more than 40% of the Nigerian population. With one of the world’s largest economy behind him the President has the power to do a lot of progressive initiatives.

Bernando Chua Expands to Turkey

SOURCE: PR NEWSWIRE

CEO of Organo Gold, Bernando Chua, expands his coffee empire to the country of Turkey. Expansion into Turkey, will be Chua’s 39th country to add the Organo Gold coffee brand to it’s palate. Organo Gold is a gourmet coffee company with coffee that is derived from the Ganoderma mushroom. This mushroom is known as a leading ranked herb by Chinese Medicine. It is said that the health benefits associated with the Ganoderma mushroom are that of a long and healthy life, if taken on a regular basis.

The company was founded in 2008, in Vancouver, BC. Chua’s decision to expand to Turkey is a progressive choice. He explained that Turkey was the original founder of the “coffee house” concept. Turkey is a country that values the quality of their coffee, therefore, Organo Gold, is a perfect fit with it’s gourmet and health promotional qualities. The country also promotes the importance of a healthy and active lifestyle. They have a strong enthusiasm for health products and quality food.

The Organo Gold product line to be introduced into Turkey will be under the direction of appointed Regional Vice President of Europe, Paul Jarvis. The line will consist of Organo Gold’s Gourmet Mocha, Latte, Black Coffee and Hot Chocolate. Also, their King of Coffee, Espresso UNO, Espresso DUE and Espresso, will be included in the list.

Chua focuses his product goals on reaching individuals with active lifestyles. He also focuses on the importance of having cost effective distribution. This idea has paid off as is seen through the companies immense success. Chua has won a gold medal for the Napoleon Hill Foundation based on his accomplishments. He is also known as bringing forth a high amount of success to market-level industries. Chua is active on social media venues such as Twitter, and LinkedIn.

Organo Gold’s company revenue reached $35 million in 2010, $150 million in 2011, $300 million in 2012, and is projected to reach $800 million in 2015. The brand continues to grow at a rapid pace. The idea is that the coffee not only tastes great but it makes people feel great as well. The base of the coffee being, Certified Organic Ganoderma Lucidium, health is really the main focus. The company also supplies various products such as teas and personal care products, all infused with the Ganoderma. The company truly values and promotes powerful visions for the future and the distribution of first class products.

Euro Run on Greek Banks Continue

Greek and Euro officials are closely monitoring the status of Greek banks. As negotiations between the two sides continue to deteriorate, depositors have begun a run on Greek banks withdrawing as many of their Euros on deposit as possible. Many fear that Greece and the European Union will fail to reach an accord on the EU bail out plan and that Greek will default on its next payment to the International Monetary Fund. Greek officials have been frustrated with terms being dictated by European Zone members, such as Germany, which has the largest financial stake in the bail out program. Fear of Greek Exit Continues

Members of the Eurozone countries are equally frustrated with Greece and call Greece to stop their “sabre rattling” and negotiate in earnest the issues that would proceed the bailout of the Greek economy. Privately, many are concerned that a Greek exit would be sen as a failure of the solidarity of the European Union and that if Greece where to leave the Union, the Euro would suffer. Economist with a more extreme view believe that a Greek exit could cause a domino effect and trigger not only a collapse of the Greek economy and the Euro but a major tremor effect, if not a total collapse of the global economy.

Talks between Greece and the European Union continue and after reading their Wiki, Sam Tabar says he hopes that a deal can be reached before the default deadline for the next IMF payment later this month.