GREECE - There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank — approved secretly by the European Central Bank in Frankfurt.
USA - Jamie Dimon, CEO of JPMorgan Chase & Co is a serving member of the board of the Federal Reserve Bank. Dimon was given his seat on the Fed’s board in 2007. He has enjoyed his position throughout the financial crisis that his and several other mega-banks have caused through irresponsible behavior on the global stock market.
USA - The conspiracy theory that Barack Obama was born in Africa and is therefore ineligible to be US president has been revived by Republicans seeking to defeat him in crucial battleground states in November's election.
JERUSALEM, ISRAEL - "Israel without Jerusalem is like a body with a weak heart. Ceding religious sites will lead to religious war." At a ceremony honoring the reunification of Jerusalem in the Six Day War, Prime Minister Binyamin Netanyahu made some of his strongest statements to date regarding the right of the Jewish nation to sovereignty over its ancient capital of Jerusalem.
EUROPE - During an appearance on Meet The Press on Sunday, Jim Cramer of CNBC boldly predicted that "financial anarchy" is coming to Europe and that there will be "bank runs" in Spain and Italy in the next few weeks.
SYRIA - Syria's ongoing unrest spilled over into Beirut on Monday as UN officials wring their hands over the most entrenched and bloody Arab Spring revolution today.
EUROPE - Eurozone leaders have come under fire for failing to deal with the political divisions and crippled banks that pose as big a risk to the single currency as Greece.
EUROPE - The eurozone's 'Latin Bloc' is in full revolt. The trio of French, Italian, and Spanish leaders - backed by world powers - are to push for a radical shift in Europe's economic strategy at crucial summit on Wednesday.
EUROPE - German Finance Minister Wolfgang Schäuble wants to become the head of the Euro Group, but this prospect is being met with ample skepticism. In Berlin he is seen as too European, while in Brussels he is considered too German. Critics say taking on the second job would cause a conflict of interest.
USA - The US military is developing software that will let it secretly manipulate social media sites by using fake online personas to influence internet conversations and spread pro-American propaganda.
USA/VATICAN - The battle line has been drawn between the Obama administration and the Roman Catholic Church over birth control. Church-affiliated institutions, including universities, schools and clinics are plaintiffs in a lawsuit against a requirement to include birth control coverage in most of their employee health insurance plans.
UK - Homeowners and buyers can expect big rises in their mortgage rates sparked by the eurozone crisis, experts warned last night. The ongoing financial catastrophe that is coming to a head in Greece will mean more expensive mortgage deals as lenders have to pay more for their borrowing.
USA - Losses at JPMorgan Chase's embattled London trading operation could be as much as £4.4 billion, more than double what it had forecast. The new estimate of the cost of the catastrophic trading blunder announced two weeks ago threatens to make it one of the biggest financial disasters in City history.
UK - David Cameron has been calling on those of our European partners who have the misfortune to have the euro to do what it takes to establish a ‘stable, successful eurozone’ – warning that otherwise ‘we are in uncharted territory which carries huge risks for everybody’.
UK - A wave of “extremism and xenophobia” will sweep across Europe unless political leaders take urgent action to deal with the debt crisis, Nick Clegg has warned. The Deputy Prime Minister predicted that arguments in Britain about whether to pull out of the European Union would be “like a small side show compared to the rise of political extremism” in the next few years.