Greece Bailout Deal: What It Means for the Country -

Greece Bailout Deal: What It Means for the Country  After nearly 17 hours of negotiations, Greece and its creditors reached a deal today that keeps the nation in the European Union — avoiding an unprecedented “Grexit,” while paving the way for a third bailout. But the Greek people are not “out of the woods” yet, economists say. It’s not clear when banks will re-open for Greeks, who have been withdrawing a maximum of 60 euros a day since June 29. In addition, there are people who believe Germany and other European nations dealt Greece a harsh hand, spurring the hashtag “#ThisIsACoup.” Brookings Institution fellow Douglas Elliott told ABC News that the deal is a “substantially better outcome” than a failure to reach one, because banks should soon re-open soon and the agreement avoids damage that would come initially if Greece dropped the euro. “However, there will be a lot of adjustment pain from the restructuring of the economy, including wage cuts and job losses until the economy improves,” Elliott said.

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Appeals Court Upholds Probation Sentence For Beanie Babies’ Creator Convicted Of Tax Evasion

Appeals Court Upholds Probation Sentence For Beanie Babies’ Creator Convicted Of Tax Evasion

(frankieleon)

Probably the only person to ever have actually gotten rich off Beanie Babies isn’t exactly relaxing on piles of money or swimming in his vault of gold coins anytime soon, but Ty Warner, the billionaire of the plush toys did get to escape jail time after a U.S. Court of Appeals upheld the probation sentence handed down to him after he was convicted of tax evasion.

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John Oliver’s Rousing Speech Rallies American Sports Fans To Stop Wasting Public Money On Stadiums

John Oliver’s Rousing Speech Rallies American Sports Fans To Stop Wasting Public Money On StadiumsIn spite of the fact that new sports venues often cost upwards of billions of dollars to construct, many American teams play in stadiums and arenas that are less than 25 years old. Heck, once the Atlanta Braves move into their new park, the Philadelphia Phillies’ Citizens Bank Park will be the most senior venue in the NL East — and that only opened in 2004. Whether it’s through municipal bonds, tax breaks, or free real estate, a lot of the money to pay for these venues ultimately comes out of taxpayers’ pockets.

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