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May 2, 2010

The Wall Street Journal: News Alert: Greece SealsBailout Deal With EU, IMF. May 2nd, 2010

The Wall Street Journal

News Alert
from The Wall Street Journal


Greece reached a historic deal with other euro-zone countries and the International Monetary Fund for a huge bailout, as the country’s prime minister Sunday exhorted his nation to bear the harsh sacrifices needed to mend broken public finances.

“We have no other choices and no time, so accessing the bailout is inevitable,” Prime Minister George Papandreou said in a televised speech at an extraordinary cabinet meeting.

The deal comes as Greece detailed even worse projections for its battered public finances. The country now expects it will take until 2014 to get its government deficit under the EU’s limit of 3% of gross domestic product. It had previously said that could be done by 2012. The deficit was 13.6% of GDP last year.

The EU has prepared a package of direct loans from euro-zone countries—the largest share will come from Germany—and the IMF will also lend under its programs for rescuing troubled countries. The deal is expected to total more than 100 billion euros ($133.14 billion) over three years, though only the EU has set out its figure—30 billion euros, for the first year.

Euro-zone finance ministers are meeting in Brussels Sunday to discuss the aid package and are expected to announce new details.

http://online.wsj.com/article/SB10001424052748704608104575219430378257618.html?
mod=djemalertNEWS

The Washington Post: Today's Highlights: April May 2nd, 2010


TODAY'S HIGHLIGHTS
NYC mayor: Vehicle contained explosive device
NEW YORK -- New York Mayor Michael Bloomberg says a suspicious vehicle in Times Square "did indeed contain an explosive device."
(By TOM HAYS and CRISTIAN SALAZAR, AP)

On the Gulf Coast, on edge
Slick threatens struggling region's fishing, tourism and shipping industries
(By David A. Fahrenthold and Steven Mufson, The Washington Post)

Physician group draws line on lethal injection
(By Rob Stein, The Washington Post)

A potential blow to two-party rule
(By Anthony Faiola and Dan Balz, The Washington Post)

Mexico's drug gangs go on the offensive against authorities
Criminals increasingly target police officials and government figures, changing the dynamics of violence in a deadly new phase of the narcotics fight
(By William Booth, The Washington Post)

More Today's Highlights
POLITICS
Obama makes fiery plea for civility
ANN ARBOR, MICH. -- Reflecting on 15 months as the leader of a polarized nation, President Obama delivered a spirited defense of government Saturday and issued a call for civility in a direct rebuttal to Republicans and "tea party" activists who have attacked his politics and priorities.
(By Peter Slevin, The Washington Post)

On the Gulf Coast, on edge
Slick threatens struggling region's fishing, tourism and shipping industries
(By David A. Fahrenthold and Steven Mufson, The Washington Post)

Can Republicans learn from the Tories?
(By Dan Balz, The Washington Post)

Talk shows
(The Washington Post)


Analysis: Immigration plan shows a shift to the right
(By Spencer S. Hsu, The Washington Post)

More Politics

NATION
On the Gulf Coast, on edge
PASS CHRISTIAN, MISS. -- In this Gulf Coast fishing town, they spent Saturday awaiting, and dreading, the oil.
(By David A. Fahrenthold and Steven Mufson, The Washington Post)

J& J division recalls 43 medicines for kids
(By Lyndsey Layton, The Washington Post)

Obama makes fiery plea for civility
In commencement speech, president blasts anti-government forces
(By Peter Slevin, The Washington Post)


Analysis: Immigration plan shows a shift to the right
(By Spencer S. Hsu, The Washington Post)

Times Square is shut down
Police investigate apparent car bomb in New York City
(By Reuters, The Washington Post)

More Nation

WORLD
A potential blow to two-party rule
LONDON -- British voters appear set to usher in the most divided parliament in generations, potentially ending the two-party dominance that has defined modern Britain and challenging the ability of the next government to tackle a financial hole that rivals the one in Greece.
(By Anthony Faiola and Dan Balz, The Washington Post)

Blasts kill at least 30 in Somalia's capital
Officials say bombings at mosque resemble attacks by al-Qaeda
(By Sudarsan Raghavan, The Washington Post)

Brazilian rancher found guilty in killing of nun
(By Bradley Brooks, The Washington Post)

Mexico's drug gangs go on the offensive against authorities
Criminals increasingly target police officials and government figures, changing the dynamics of violence in a deadly new phase of the narcotics fight
(By William Booth, The Washington Post)

Nation Digest
(The Washington Post)

More World

METRO
Mystery defies relentless scrutiny in D.C. principal's slaying
Less than two hours before police believe he was shot to death, beloved D.C. principal Brian Betts called his sister. It was almost 11 p.m. April 14, and he was worried about her.
(By Dan Morse, The Washington Post)

Area forecast is reminiscent of summer
(By Martin Weil, The Washington Post)

Rhee shifts blame when time to judge own performance
(By Robert McCartney, The Washington Post)

Pretty prom dresses for the perfect price
Gown giveaway gives high school families a financial break
(By Lori Aratani, The Washington Post)

O'Malley off to an unconventional start
Md. governor skips policy and talks about progress
(By Aaron C. Davis, The Washington Post)

More Metro

BUSINESS
On the Gulf Coast, on edge
PASS CHRISTIAN, MISS. -- In this Gulf Coast fishing town, they spent Saturday awaiting, and dreading, the oil.
(By David A. Fahrenthold and Steven Mufson, The Washington Post)

Debunking the myth of the 'sophisticated investor'
(By Heidi Moore, The Washington Post)

All is fair in love and reform
(By Ezra Klein, The Washington Post)

Worried how big the deficit grows? Mind the $1 trillion in tax breaks.
(By Edmund L. Andrews and Lori Montgomery, The Washington Post)

J& J division recalls 43 medicines for kids
(By Lyndsey Layton, The Washington Post)

More Business

TECHNOLOGY
The Android phone market's Incredible addition
It's an exciting time to shop for a new smartphone. Which is to say, it's a confusing and maybe frightening time to buy a smartphone.
(By Rob Pegoraro, The Washington Post)

The money that gets away
Strapped states go online -- hoping to reap sales tax revenue
(By Ylan Q. Mui, The Washington Post)

Help File: Facebook's changing privacy-settings pages; tuning into Comcast digital cable
(The Washington Post)

More Technology

SPORTS
Hoyas top Rutgers but wait to celebrate
The Georgetown men's lacrosse team celebrated senior night in its 14-9 victory over Rutgers at the Multi-Sport Field. But the real celebration was put on hold for at least a week.
(By Christian Swezey, The Washington Post)

James delivers again for Cavs
(By Michael Lee, The Washington Post)

Orioles flex muscles and beat the Red Sox
(By Baltimore Sun, The Washington Post)

Nationals look like old selves for night
Poor pitching, sloppy fielding undermine Washington in 7-1 loss to Florida
(By Adam Kilgore, The Washington Post)

Players face new deadline for decision on NBA draft
Early entrants given less time by NCAA to test the waters
(By Mark Viera, The Washington Post)

More Sports

STYLE
Is this a look at the era of hope and change to get animated about? Meh.
"The Boondocks" is back for a third season, either far too late and half-hearted or perhaps right on time, given that the Obama afterglow has faded.
(By Hank Stuever, The Washington Post)

'Oh, you should just marry my son'
Marin Graney and Daniel Correa
(By Ellen McCarthy, The Washington Post)

Family, fearlessness and a sense of adventure
(By Kathleen Hom, The Washington Post)

When the spark is gone: A therapist offers some tips
(The Washington Post)

'House of the Americas' remains an elegant and confident Washington power player
(By Philip Kennicott, The Washington Post)

More Style


A wager on Sudan
TO NO ONE'S surprise, Omar Hassan al-Bashir was proclaimed the winner of Sudan's presidential election on Monday, 21 years after his authoritarian government came to power and 14 months after the International Criminal Court ordered his arrest for war crimes. The election was widely acknowledged to...
(The Washington Post)

Ms. Rhee makes the honor roll
There's no doubt about what she has done for D.C. schools. So why would anyone want her to go?
(The Washington Post)

Disclosing evidence
The Justice Department must learn to share.
(The Washington Post)