News Now
- Greece: No! / Finance minister resigns
- Euro leaders’ reax: Cautious
- Greece: 3 impacts on the U.S.
- USA wins women’s World Cup in romp & rout: 5-2
- World Cup: Pearl Harbor Twitter row
- Trump/Mexico: GOP 2016 candidates respond
- Immigration: Obama admin shifts enforcement
- South Carolina debates Confederate flag
- Kerry warns Iran: “Hard choices”
- Congress: Time to get to work
- 2016ers: July the Fourth fun
Greece: No! / Finance Minister Resigns (BBC, TRNS, me)
• Eurozone finance ministers expect new proposals from Greece on Tuesday, according to a Eurogroup statement. Meanwhile, a German govt spox says conditions for talks with Greece are not yet met, and they’re waiting for proposals from Greece’s side – breaking today
• Greece’s PM Alexis Tsipras has said Greeks made a “brave choice” in voting to reject the terms of an international bailout in Sunday’s referendum. Thousands celebrated in the streets (massive hangovers today – lesson: never drink Metaxa brandy) after hearing the final result was 61.3% “no” against 38.7% “yes”
• But European officials warned that it could see the country ejected from the eurozone and the euro fell across the board in Asian markets today. Greece’s finance minister Yanis Varoufakis has resigned. He wrote on his blog that he had been “made aware of a certain preference by some eurogroup participants and assorted ‘partners’ for my… ‘absence’ from its meetings.”
• The PM had judged this to be “potentially helpful to him in reaching an agreement.” “I shall wear the creditors’ loathing with pride,” Varoufakis wrote. Greece’s governing Syriza party had campaigned for a “no,” saying that the bailout terms were humiliating. Tsipras said late Sunday: “I am aware that the mandate you gave me is not a mandate for rupture.”
• He said that Greece would go back to the negotiating table today, adding that an IMF assessment published this week confirmed that restructuring Greek debt was necessary. But some European officials had already warned that creditors could take a “no” vote to mean that Greeks had rejected further talks
• Chinese stocks closed higher today after Beijing unleashed an unprecedented series of support measures over the weekend to stave off the prospect of a full-blown crash that was threatening to destabilize the world’s second-biggest economy (Reuters)
European Leaders’ Reax: Cautious (BBC, me)
• Germany’s Deputy Chancellor, Sigmar Gabriel, told local media that renewed negotiations with Greece were “difficult to imagine” and that Tsipras had “torn down the bridges” between Greece and Europe. Italian and Belgian ministers were more conciliatory, with Belgium’s FM saying that the door remained open to restart talks “literally within hours”
• Jeroen Dijsselbloem, who heads the eurozone’s group of finance ministers, said the referendum result was “very regrettable” for the future of Greece. Martin Schultz, president of the European Parliament, warned that Europe was entering “a very difficult and even dramatic time” unless the Greek govt made “meaningful” proposals in coming hours
• Greece had been locked in negotiations for months with its creditors when the Greek govt unexpectedly called a referendum on the terms it was being offered. Greek banks are desperately in need of a lender of last resort to save them, and the Greek economy. Banks, shut since last Monday, are supposed to open Tuesday
• French President Francois Hollande and German Chancellor Angela Merkel are scheduled to meet in Paris today. A summit of eurozone heads of state has been arranged for Tuesday
• The European Commission – one of the troika of creditors along with the IMF and the ECB – wanted Athens to raise taxes and slash welfare to meet its debt obligations. Greece’s Syriza-led govt, elected in January on an anti-austerity platform, said creditors had tried to use fear to put pressure on Greeks
• Vid: How did Greece go from economic stardom to financial ruin? Al Jazeera’s Kamahl Santamaria lays it out in 1:39
Greece: 3 Impacts on the U.S. (WaPo, me)
• Your 401(k) could get scary, but don’t panic: The U.S. has little direct exposure to the Greek debt crisis, and central banks have done a lot to set up firewalls against a broader panic (we’re told). Only if the crisis spread badly to other countries such as Portugal and Italy would there be true reason for concern (have to factor wobbly emotions of traders into this)
• Your vacation could get cheaper: The instability in Europe and the massive stimulus program by the region’s central bank have sent the euro plunging against the U.S. dollar. So every dollar you’ve saved for a European vacation will go further – and summer is peak tourist season in Greece. They’re taking great pains to assure people that they’re open for business
• Mortgage rates could stay really low: If the European Central Bank has to provide even more stimulus to Europe to offset a Greek tragedy, and if that causes another spike in the dollar, and if that takes another bite out of exports, the Fed might hesitate to raise rates while the U.S. economy is fragile. And that would mean low mortgage rates would hang around for a bit
• David Sweat, the surviving escapee from a prison break and three-week manhunt will spend 23 hours a day in a maximum security cell at Five Points Correctional Facility in Romulus NY, much more confined than he and fellow convict Richard Matt were before they broke out. (might cramp his style) Sweat will also be put on suicide watch (AP)
USA Wins Women’s World Cup in Romp & Rout: 5-2 (BBC, me)
• Carli Lloyd scored an incredible 13-minute hat trick as the U.S. thrashed Japan to win their third Women’s World Cup title. In a repeat of the 2011 football final, which Japan won on penalties, the Nadeshiko couldn’t live with their stronger and quicker opponents who went 4-0 up when Lloyd scored an astonishing third from the halfway line
• The American midfielder put the 1991 and 1999 champions two goals up within five minutes in a stunning start to the match. Lauren Holiday volleyed in after Azusa Iwashimizu’s woeful header and Lloyd then caused pandemonium among the huge contingent of U.S. supporters inside BC Place when she lobbed Japan goalkeeper Ayumi Kaihori
• The 2011 winners retaliated thanks to a Yuki Ogimi strike and a Julie Johnston own goal, but Tobin Heath made it 5-2 before 60 minutes had elapsed and despite further pressure, English coach Jill Ellis’s USA side held on
• The majority of the 53,341 fans inside BC Place erupted in joyous celebration at the final whistle before Confederation of African football president Issa Hayatou, standing in for FIFA president Seth Blatter, presented the World Cup trophy to former captain Christie Rampone and veteran striker Abby Wambach (boos for FIFA in the stadium)
• Chants of “U-S-A” reverberated around the ground when they lifted the trophy. The pulsating finale was the highest scoring in the tournament’s history. Japan were outclassed from the start. But they also suffered from a familiar foe as Lloyd added to the two goals she scored against Japan in the 2012 Olympic final between the two teams
• President Obama tweeted: “What a win for Team USA! Great game @CarliLloyd! Your country is so proud of all of you. Come visit the White House with the World Cup soon.” VP Joe Biden was at the match
Pearl Harbor Twitter Row (BBC, me)
• Victory for the U.S. in the Women’s World Cup turned into a Twitter row today after some fans began to relate the win to Japan’s 1941 attack on the U.S. Navy’s Pearl Harbor base. Pearl Harbor became one of the top trends among Twitter users in the U.S. early this morning
• “Hey Japan, that one was for Pearl Harbor,” said Cloyd Rivers, in a tweet which drew more than 8.500 retweets and was favorited more than 11,000 times. “They destroyed Pearl Harbor, we destroyed their dreams,” said user Sean Garcia
• Others referenced the U.S. atomic bombing of Nagasaki and Hiroshima, with one user remarking: “Someone forgot to tell our US women’s team that we already avenged Pearl Harbor.” (why do we feel the need to do this? why do we like to bully when we win?)
• But many Twitter users expressed disbelief towards the racist reaction after the win. “Pearl Harbor isn’t funny. Hiroshima isn’t funny. Nagasaki isn’t funny. This isn’t WW2. This is a women’s soccer match in 2015,” said Twitter user Taylor Perry. “You’re not funny. You’re awful human beings,” said Twitter user Ginge
• Appearing on ABC on Sunday, former Gov Rick Perry (R-Texas) said: “Donald Trump does not represent the Republican party,” as he responded to Trump’s comments about Mexico and immigrants. Perry said Trump was “going to have to defend those remarks. I never will. I will stand up and say that those remarks were offensive.” (eventually)
• Trump made his original comments at his NY campaign launch, when he said, “They’re sending people who have a lot of problems. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.”
• Responses included condemnation by the govts of Mexico and Venezuela as well as Hispanic leaders in the U.S., and a succession of terminations of business relationships with Trump, including actions by Univision, NBC, Macy’s and NASCAR
• Trump has protested that he “loves Mexico” while repeating and varying his charges. Friday, he told Fox News that the fatal shooting of a 32-year-old woman by an illegal immigrant with an extensive arrest warrant in San Francisco was “an absolutely disgraceful situation and I am the only one that can fix it. Nobody else has the guts to even talk about it.” (#megalomaniacmuch?)
Cruz: I Salute Him
• Sen Ted Cruz (R-Texas) said on NBC Sunday, “I salute Donald Trump for focusing on the need to address illegal immigration. I like Donald Trump. He is bold, he is brash. He has a colorful way of speaking, and it’s not my way of speaking but I salute him.” (I agree, in other words)
• Former Gov Mike Huckabee (R-Ark) seemed a bit jealous. He neither supported nor condemned Trump, but said on CNN: “Donald Trump needs no help from Mike Huckabee to get publicity. He’s doing a really good job of that.” (wish I’d thought of it… – should have put it in my book…)
• Former Gov Jeb Bush (R-Fla) said on Saturday that Trump’s “not a stupid guy. Don’t think he thinks every Mexican crossing the border is a rapist. He’s doing this to inflame and incite and to draw attention, which seems to be his organizing principle of his campaign.” (smart)
• Trump struck back at Bush in a statement: “Just like the simple question asked of Jeb on Iraq – where it took him five days and multiple answers to get right – he doesn’t understand anything about the border or border security. In fact, Jeb believes illegal immigrants who break our laws when they cross our border come ‘out of love.'” (not what Bush said #magalomaniacmuch?)
Immigration: Obama Admin Shifts Enforcement (WaPo)
• In recent months, the Homeland Security Dept has taken steps to ensure that the majority of the U.S.’ 11.3 million undocumented immigrants can stay in this country, with agents narrowing enforcement efforts to three groups of illegal migrants: convicted criminals, terrorism threats or those who recently crossed the border – this story’s been virtually ignored
• While public attention has been focused on the court fight over President Obama’s highly publicized executive action on immigration, DHS has with little fanfare been training thousands of immigration agents nationwide to carry out new policies on everyday enforcement
• The new policies direct agents to focus on the three priority groups and leave virtually everyone else alone. Demographic data shows that the typical undocumented immigrant has lived in the U.S. for a decade or more and has established strong community ties. The new policies don’t grant illegal immigrants a path to citizenship
• Deportations are dropping. The Obama admin is on pace to remove 229,000 people from the country this year, a 27% fall from last year. Fewer people are also in the pipeline for deportation. The number of occupied beds at immigration detention facilities, which house people arrested for immigration violations, has dropped nearly 20% this year
• And on DHS Sec Jeh Johnson’s orders, officials are reviewing the entire immigrant detainee population – and each of the 400,000 cases in the nation’s clogged immigration courts – to weed out those who don’t meet the new priorities. (this is a major policy shift – yet the story hasn’t been picked up – why not?)
• ISIS on Saturday released a grisly video showing 25 Syrian govt soldiers being executed with pistols by boys as young as 12 in the ancient amphitheater in the city of Palmyra, as a crowd, including small children, watched (HuffPo)
• South Carolina lawmakers will begin debating today whether to remove the Confederate flag from outside govt buildings to the state’s military museum, an action that was initiated by Gov Nikki Haley (R), following the racially charged shooting of nine black people at a Charleston church. Observers expect an emotional debate, particularly in the House
• “I don’t think that this
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