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Let’s put it to a vote. Tsipras announces referendum on creditors’ proposals

In a surprise move, Prime Minister Alexis Tsipras announced early on Saturday that his government intends to hold a referendum on whether Greece should accept the proposals put forward by lenders.

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The vote to be put to the people can be summed up as…

  1. accept the proposal made by creditors, which means the certain death of Greece as a sovereign state, but keep the euro or…
  2. tell the Troika to bugger off, default, go through financial hell, but remain free and sovereign.

The Greek parliament will meet on Saturday and a referendum will be called as early as next week.

Via Zerohedge…

Greek PM Alexis Tsipras has announced a referendum in a televised speech to the nation after another day of fractious negotiations with creditors closed without a deal.

The dramatic move comes after Athens rejected a proposal from the troika aimed at delivering some €16 billion in aid to Greece as part of an extension of the country’s second bailout program.

Whether this is simply a last minute attempt to put pressure on EU finance ministers ahead of Saturday’s Eurogroup meeting remains to be seen, but one thing is for sure: Tsipras is playing a dangerous game with the ECB ahead of a difficult week that could very well see the imposition of capital controls.

EU finance ministers will convene in Brussels tomorrow and it appears as though Tsipras is set to turn the tables by threatening to effectively put euro membership to a popular vote.

  • GREECE’S TSIPRAS SAYS CREDITORS POSED ULTIMATUM TO GOVT
  • GREECE’S TSIPRAS SAYS CREDITORS PROPOSALS ARE AGAINST EU RULES
  • TSIPRAS SAYS CREDITORS AIM TO HUMILIATE GREEK PEOPLE
  • TSIPRAS SAYS WILL CALL REFERENDUM ON GREEK DEAL WITH CREDITORS
  • TSIPRAS GREEK REFERENDUM WILL BE HELD ON JULY 5
  • TSIPRAS SAYS HE NOTIFIED MERKEL, DRAGHI ON REFERENDUM PLAN
  • TSIPRAS SAYS GREECE IS, AND WILL STAY PART OF EUROPE
  • TSIPRAS SAYS GREECE NEEDS TO SEND DEMOCRATIC RESPONSE TO EU

Via Ekathimerini….

Tsipras made it clear that he is against accepting the terms offered by creditors but said that he would accept the outcome of any vote.

The prime minister said he would go to Parliament on Saturday to get approval from MPs to hold the referendum on Sunday, July 5.

“After five months of tough negotiations, our partners unfortunately resorted to a proposal-ultimatum to the Greek people,” Tsipras said. “I call on the Greek people to rule on the blackmailing ultimatum asking us to accept a strict and humiliating austerity without end and without prospect.”

The surprise development throws into turmoil planned talks Saturday among euro-area finance ministers on their latest proposal, which would unlock 15.5 billion euros and extend Greece’s program through November, in return for a commitment to pension cuts and higher taxes that Tsipras opposes.

Greek Prime Minister Alexis Tsipras spoke with European Central Bank chief Mario Draghi on Saturday, who showed “understanding and sensitivity” over a decision to hold a referendum on July 5, the government spokesman said.

Greek banks rely on emergency infusions from the European Central Bank to stay afloat and the liquidity lifeline has been reviewed frequently in recent weeks as Greek savers pulled out money on fears of capital controls.

“We are sure – which was proven also during the phone call – that Mr. Draghi has the best of intentions on the decision of the Greek government to hold a referendum,” Gabriel Sakellaridis told Greek television.

Greeece’s Deputy Prime Minister Yannis Dragasakis and Deputy Foreign Minister Euclid Tsakalotos will meet Saturday with European Central Bank President Mario Draghi, a government statement said. Tsipras spoke with Draghi on the phone before announcing his decision to hold a referendum to explain the government’s view, Tsakalotos said in a phone interview.

References:

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_27/06/2015_551569

http://www.zerohedge.com/news/2015-06-26/tsipras-announce-referendum-live-feed

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Lori Loughlin’s daughter was aboard USC official’s yacht in Bahamas when mom was charged

Lori Loughlin’s daughter was on the yacht of USC’s Board of Trustees when her mom was accused in scheme.

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Via Fox News


Lori Loughlin’s daughter Olivia Jade Giannulli was spending spring break on a University of Southern California official’s yacht when her mother was accused Tuesday of involvement in a college admissions scheme, reports said.

Giannulli, 19, was on Rick Caruso’s luxury yacht Invictus in the Bahamas, a report said. Caruso is chairman of USC’s Board of Trustees.

Giannulli, who currently attends USC, was with Caruso’s daughter Gianna and several other friends, the outlet reported.

“My daughter and a group of students left for spring break prior to the government’s announcement yesterday,” Caruso told TMZ. “Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.”

Loughlin’s daughter has since returned to Los Angeles to face the allegations that could result in her getting expelled from USC.

USC’s Board of Trustees will not decide the status of Giannulli and the other students involved in the case, but rather, the university’s president will make the decisions, according to TMZ.

Business deals in jeopardy?

Giannulli is a YouTube beauty vlogger and social media star, but in the midst of her mother’s charges, she may lose the lucrative brand-sponsorship deals she has landed over the years, Variety reported.

HP, having cut ties with Giannulli, said in a statement, “HP worked with Lori Loughlin and Olivia Jade in 2017 for a one-time product campaign. HP has removed the content from its properties.”

Giannulli also cut brand deals with partners including Amazon, Dolce & Gabbana, Lulus, Marc Jacobs Beauty, Sephora, Smashbox Beauty Cosmetics, Smile Direct Club, Too Faced Cosmetics, Boohoo, and Unilever’s TRESemmé, the report said.

Giannulli’s rep declined to comment, Variety reported. Estée Lauder Companies, which owns Smashbox and Too Faced, also declined to comment, while the other brands or companies the magazine reached out to did not immediately respond to their requests for comment.

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$250M Lawsuit Against CNN Imminent; Covington High MAGA Student Suffered “Direct Attacks”

CNN will be the second MSM outlet sued over their reporting of the incident, after Sandmann launched a $250 million lawsuit against the Washington Post in late February. 

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Via Zerohedge


CNN is about to be sued for more than $250 million for spreading fake news about 16-year-old Covington High School student Nicholas Sandmann.

Sandmann was viciously attacked by left-leaning news outlets over a deceptively edited video clip from the January March for Life rally at the Lincoln Memorial, in which the MAGA-hat-wearing teenager appeared to be mocking a Native American man beating a drum. Around a day later, a longer version of the video revealed that Sandmann did absolutely nothing wrong – after the media had played judge, jury and executioner of Sandmann’s reputation.

CNN will be the second MSM outlet sued over their reporting of the incident, after Sandmann launched a $250 million lawsuit against the Washington Post in late February.

Speaking with Fox News host Mark Levin in an interview set to air Sunday, Sandmann’s attorney, L. Lin Wood, said “CNN was probably more vicious in its direct attacks on Nicholas than The Washington Post. And CNN goes into millions of individuals’ homes. It’s broadcast into their homes.”

They really went after Nicholas with the idea that he was part of a mob that was attacking the Black Hebrew Israelites, yelling racist slurs at the Black Hebrew Israelites,” continued Wood. “Totally false. Saying things like that Nicholas was part of a group that was threatening the Black Hebrew Israelites, that they thought it was going to be a lynching.”

Why didn’t they stop and just take an hour and look through the internet and find the truth and then report it?” Wood asked. “Maybe do that before you report the lies. They didn’t do it. They were vicious. It was false. CNN will be sued next week, and the dollar figure in the CNN case may be higher than it was [against] The Washington Post.”

Watch: 

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Rand Paul refuses to support emergency declaration, deepening problem

Rand Paul gives a principled reason for his refusal, and he cannot be faulted for that, but it leaves the borders open and unsafe.

Seraphim Hanisch

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Senator Rand Paul indicated he will vote to terminate President Trump’s National Emergency Declaration on Sunday. This continues a story that seems to want no resolution.

Weeks ago, the seed to this news piece started this way:

One 35-day partial government shutdown and almost three weeks later, the debate over a statistically tiny amount of money in the US budget for the building of a border wall drags on with no solution. On February 15th, if there is no agreement that is to President Trump’s satisfaction, the government will once again descend into a partial shutdown.

And on February 15th, the President signed a continuing resolution to keep the government open through the rest of the fiscal year. This CR gave sharply limited authority of funds with regards to the border wall. This prompted the President to take it a step farther and declare a National Emergency.

This is because very few people in the US government actually desire a solution to close and secure the American-Mexican border. In fact, what we see is a government that is largely aligned against the will of its citizens.

President Trump has made repeated statements and speeches in which he outlines a fair array of facts concerning the problems experienced in the US by illegal border crossings of both people and controlled substances.

However, the issue of border security remains something that Congress only supports with words. We saw this in action both last week and the week before with the Democrat led House of Representatives voting 245-182 to terminate the National Emergency declaration. While this was to be expected in the House, on March 3rd, libertarian Senator Rand Paul, a known strong supporter of President Trump, nonetheless penned an Op-Ed piece on Fox News in which he said he planned to also vote against the National Emergency in the Republican-led Senate (emphasis added):

In September of 2014,  I had these words to say: “The president acts like he’s a king. He ignores the Constitution.  He arrogantly says, ‘If Congress will not act, then I must.’

Donald J. Trump agreed with me when he said in November 2014 that President Barack Obama couldn’t make a deal on immigration so “now he has to use executive action, and this is a very, very dangerous thing that should be overridden easily by the Supreme Court.”

I support President Trump. I supported his fight to get funding for the wall from Republicans and Democrats alike, and I share his view that we need more and better border security.

However, I cannot support the use of emergency powers to get more funding, so I will be voting to disapprove of his declaration when it comes before the Senate.

Every single Republican I know decried President Obama’s use of executive power to legislate. We were right then. But the only way to be an honest officeholder is to stand up for the same principles no matter who is in power…

There are really two questions involved in the decision about emergency funding:

  • First, does statutory law allow for the president’s emergency orders,
  • and, second, does the Constitution permit these emergency orders?

As far as the statute goes, the answer is maybe — although no president has previously used emergency powers to spend money denied by Congress, and it was clearly not intended to do that.

But there is a much larger question: the question of whether or not this power and therefore this action are constitutional. With regard to the Constitution, the Supreme Court made it very clear in Youngstown Steel in 1952, in a case that is being closely reexamined in the discussion of executive power.  In Youngstown, the Court ruled that there are three kinds of executive order: orders that carry out an expressly voiced congressional position, orders where Congress’ will is unclear, and, finally, orders clearly opposed to the will of Congress.

To my mind, like it or not, we had this conversation.  In fact, the government was shut down in a public battle over how much money would be spent on the wall and border security.  It ended with a deal that Congress passed and the president signed into law, thus determining the amount.

Congress clearly expressed its will not to spend more than $1.3 billion and to restrict how much of that money could go to barriers.  Therefore, President Trump’s emergency order is clearly in opposition to the will of Congress.

Moreover, the broad principle of separation of powers in the Constitution delegates the power of the purse to Congress.  This turns that principle on its head.

Some are attempting to say that there isn’t a good analogy between President Obama’s orders or the Youngstown case. I disagree. Not only are the issues similar, but I think Youngstown Steel implications are even more profound in the case of emergency appropriations. We spent the last two months debating how much money should be spent on a wall, and Congress came to a clear conclusion: $1.3 billion. Without question, the president’s order for more wall money contradicts the will of Congress and will, in all likelihood, be struck down by the Supreme Court.

In fact, I think the president’s own picks to the Supreme Court may rebuke him on this.

Regardless, I must vote how my principles dictate. My oath is to the Constitution, not to any man or political party. I stand with the president often, and I do so with a loud voice. Today, I think he’s wrong, not on policy, but in seeking to expand the powers of the presidency beyond their constitutional limits. I understand his frustration. Dealing with Congress can be pretty difficult sometimes. But Congress appropriates money, and his only constitutional recourse, if he does not like the amount they appropriate, is to veto the bill.

This statement by Rand Paul is extremely – and painfully – fair. It marks not the actions of a liberal but of someone who is trying to do things truly “by the book.” He cannot be faulted for this.

But his “Nay” is very poorly placed because it comes in the context of a Congress that is full of people far less committed to the vision of America and its sovereignty than he or the President are. One of the reasons stated for lax border security is that cutting off illegal immigration also cuts off very cheap labor for several industries. Some of those industry leaders donate lavishly to political campaigns, ergo, corruption.

Rand Paul, in trying to fight for what is right by the letter of the law, may be correct, but in the short term it appears to exacerbate the problem of the porous US-Mexico border.

President Trump is trying to do the right thing in the company of a Congress who does not want this, for various reasons. Some of it is because some Congressmen and women are petty, Nancy Pelosi and Charles Schumer being the crabby National Grandparents in this aspect. But add to the “resist Trump because he is Trump” lobby those people who gain from illegal immigration in the short term, and those like the new socialist crop of Congressional members who are ready to change the very nature of the United States into something like their cannabis-induced dream of Sweden (which didn’t even work in Sweden!) and we see that border security is every bit the uphill climb that President Trump has shown it to be.

The government shutdown did one very good thing: It got the American focus on the border and some opinions on the matter moved – at least among the American people.

But since when did our representatives and senators really represent us, the American people?

It has been a long, long time.

 

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