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Fears of default by the Greek government–and increasingly violent anarchist protests against the European Union-imposed austerity regime in Athens–have sent global markets into turmoil, erasing the gains of the last week and threatening to further delay America’s economic recovery:

Greek fears intensified after euro-zone officials failed to make progress on discussions about Greek aid and protests against austerity measures turned violent in Athens. Greek bonds were pummeled, sending yields to their highest levels since the inception of the euro.

Greek Prime Minister George Papandreou, meanwhile, was trying to form a national unity government with opposition parties in an effort to build a consensus for austerity measures and other economic reforms. [Wall Street Journal]

 

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Deputy Assistant Attorney General Pamela Karlan

Reprinted with permission from AlterNet

The Arizona Senate is ditching its controversial measure to knock on doors and ask Arizona residents about their voting history. According to AZCentral, Senate President Karen Fann (R) on Friday penned a letter U.S. Department of Justice detailing the decision.

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