The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.Blogger Tips and Tricks
This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Wednesday, August 3, 2011

Russia, the Strategy 31 Meeting...[ 2371 ]

Dozens of Arrests Made at Strategy 31 Meeting


The St. Petersburg Times/: August 3, 2011
By Sergey Chernov,


 

A participant in the Strategy 31 meeting is detained by police on Nevsky Prospekt on Sunday. 
Alexander Belenky / The St. Petersburg Times

Around 70 were detained as the police shut down a peaceful rally in defense of the right of assembly on Nevsky Prospekt, St. Petersburg’s main street, on Sunday, the organizers said. The police admitted to “around 50” arrests during the demo which drew from 500 to 700 people.

The detained were charged with violation of the regulations on holding public events and failure to obey police officers’ orders.

Five people were released later on the same day after being brought to a court that agreed to move their cases’ hearing to their local courts, but most were left at four police precincts overnight. Two women were hospitalized after they fell ill in police precincts, according to the organizers.

Court hearings continued on Monday.

Apart from dispersing the rally, the authorities made preventive arrests, a practice they have not used since the Strategy 31 campaign was launched in St. Petersburg in January 2010.

Olga Kurnosova, the local chair of the United Civil Front and one of the rally’s organizers, said she was detained by plainclothes men, who refused to introduce themselves, near her home as she was heading to the demo. She said she was held in the car for around three hours.

“They were trying to brainwash me telling me that it’s time to stop demonstrating on the 31st day of the month, that I had better think about my children and nonsense like that,” Kurnosova said by phone Monday.

Three activists of the Other Russia political party were detained before they reached the site near Gostiny Dvor, where the event was held.

The police have frequently shown unnecessary cruelty. The St. Petersburg Times witnessed two women being dragged by their wrists, with their backs dragging across the ground. One of them, Alexandra Kachko, had her wrist broken by an unidentified policeman during the May 31 demo.

A passing Navy veteran, celebrating Navy Day which also fell on July 31, was evidently shocked by how Kachko was treated and tried to speak out on her behalf to a police officer. He was also seized and put in the bus, where the detained were held.

The police officers also were seen twisting arms and feet of the detained as they made arrests and pushing people around. Although they tended to arrest people who identified themselves as demonstrators by sitting on the ground or shouting slogans such as “Russia Will Be Free,” a number of the arrested were passers-by and onlookers.

The police claimed that one demonstrator kicked an officer in the jaw, but did not give the name. They said a criminal case would be filed against the alleged offender.

Author Nina Katerli, who came to the demo for the first time with a homemade poster to support a bill introduced by U.S. Senator Ben Cardin into Congress in May to freeze assets and block visas of individuals who commit gross human-rights violations against whistleblowers and activists in the Russian Federation, only just managed to escape arrest.

Katerli, 77, who walks with a stick because of a broken leg, said she wanted to make a speech to urge U.S. sanctions against Russian officials connected to the persecution of imprisoned businessmen Mikhail Khodorkovsky and Platon Lebedev.

“But I failed, because, first, I had no microphone or anything, and, secondly, as soon as I came I was seized and dragged towards the police bus,” she said by phone Monday.

Katerli said she was won back by people around who were indignant at the sight of her being dragged and that they prevented the police from detaining her until a senior officer arrived and ordered that she be left.

She described the arrests of the activists as “illegal” and a “violation of the constitution.” “Before Putin, you didn’t need any sanctions to hold a demo, it’s outrageous that Putin introduced them,” Katerli said.

Kurnosova said that the participation of Katerli was important. “It’s crucial that people have started to come with their own agendas,” she said.

“Even if they arrest the leaders, people will be coming to the demo on their own; the authorities have to understand that this tactic doesn’t work. The fact that people come to the rally is perhaps the campaign’s main result in the long run.”

The Other Russia local chair Andrei Dmitriyev said that the St. Petersburg authorities showed more intolerance to the demonstrators than the Moscow authorities.

“If in Moscow, they let people sit for two hours and only began arresting people when there was an attempted march, in St. Petersburg they shut down the demo as soon as people sat down on the ground,”

US Economy : threats of future downgrades remain....[ 2370 ]

U.S. rating maintained by Moody's, Fitch

A view of Capitol Hill in Washington August 1, 2011. REUTERS/Joshua Roberts
NEW YORK | Wed Aug 3, 2011 1:45am EDT

(Reuters) - The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.
Moody's Investors Service and Fitch Ratings maintained U.S. ratings for now, but said additional deficit-reduction measures are needed for the government to put its finances in order and retain the coveted rating.
-
Underscoring that threat, Moody's assigned a negative outlook to the Aaa rating, which means a downgrade is possible in the next 12 to 18 months.
Fitch promised to conclude a more thorough review of the United States by the end of the month and did not rule out slapping a negative outlook on the rating.
Now investors await Standard & Poor's. The agency has been tougher than its rivals, threatening to downgrade U.S. ratings by mid-October if lawmakers did not come up with a plan to meaningfully cut the budget deficit.
-
The actual plan approved in Washington called for budget savings of $2.1 trillion in the next 10 years, nearly half the amount S&P has said would be enough to support the AAA rating.
"If they stick to what they said, they would downgrade (the United States). But I suspect they are under tremendous pressure not to do so," said Mohamed El-Erian, co-chief investment officer at PIMCO.
On Wednesday, S&P's director of Asian sovereign ratings Takahira Ogawa told Reuters in Singapore that global markets have "to some extent already discounted" the potential risk of a U.S. downgrade. Ogawa, who was not commenting on S&P's U.S. rating, said that most Asian sovereign ratings were on the uptrend.
Also in Singapore, a senior executive of BlackRock Inc, the world's largest money manager with $3.6 trillion in assets, said he sees far less probability of a downgrade of U.S. ratings.
Scott Thiel, BlackRock's deputy chief investment officer for fixed income, fundamental portfolios and head of its European and non-U.S. fixed income group, said the weakening of the U.S. economy is a bigger issue than raising of the debt ceiling.
"Obviously the probability of being downgraded is obviously a lot less now than it was before, having said that it is still not zero," Thiel said.
Lingering anxiety about a possible U.S. downgrade contributed to the poor performance of U.S. stocks on Tuesday, adding to worries about the economy. The S&P 500 turned negative for the year after closing in the red for a seventh day. In Tokyo, the Nikkei average fell more than 2 percent.
-
ECONOMIC CONCERNS
Both Moody's and Fitch have expressed heightened concern about the performance of the U.S. economy, which is crucial for the efforts of stabilizing the country's debt ratios.
The U.S. economy stumbled badly in the first half of 2011, coming close to contraction in the first quarter. It expanded just 0.4 percent in the first quarter, a sharp downward revision from the previously reported 1.9 percent gain, and rose 1.3 percent in the second quarter.
"The downward revisions of the GDP were bigger than we expected and a source of concern," David Riley, Fitch's top analyst for the United States, told Reuters in an interview.
For Moody's, that economic performance may be just an adjustment period, or may be a sign that the financial crisis permanently damaged the growth potential of the United States.
"We would expect that growth would accelerate in 2012 from the first half of the year," Steven Hess, Moody's top analyst for the United States, said.
"But if it doesn't, that means that the whole process of fiscal consolidation and the plans to achieve lower deficits and lower debt ratios will be made all the more difficult."
Another issue that will be closely monitored by Moody's is the evolution of U.S. borrowing costs in the next few years.
The agency would see it as normal if yields paid on U.S. 10-year Treasury notes rise from the currently "abnormal level" of around 2.6 percent to near 4 percent by 2012 and almost 5 percent by 2016, Hess said, referring to the economic assumptions of the Congressional Budget Office.
-
DEFICIT REDUCTION
The main difference between Standard & Poor's and its rivals is that S&P has said a meaningful deficit reduction deal, if not agreed now, would be even more difficult in 2012, when presidential elections are likely to increase political divisions in Washington.
Moody's and Fitch seem to be more flexible with that time horizon and willing to give the lawmakers the benefit of the doubt.
The plan just approved in Washington includes initial savings of $917 billion and another $1.5 billion by the end of the year, based on recommendations of a bipartisan joint House and Senate committee. Automatic across-the-board spending cuts would kick in if this mechanism fails.
However, Moody's stressed the new framework is "untested."
"Attempts at fiscal rules in the past have not always stood the test of time," the ratings agency said in a statement. "Therefore, should the new mechanism put in place by the Budget Control Act prove ineffective, this could affect the rating negatively."
-
(Additional reporting by Raju Gopalakrishnan, Kevin Lim, Saeed Azhar and Harry Suhartono in Singapore; Editing by Richard Borsuk

Just another video...[ 2369 ]

A Video provided by a visitor of this blog

Provided by [NEWSY], MULTISOURSE VIDEO NEWS ANALYSIS

 Augyst 1 ,2011



Multisource political news, world news, and entertainment news analysis by Newsy.com

  Enjoy


Tuesday, August 2, 2011

Putin: U.S. is a 'Parasite' Over Its Debt ...[ 2368 ]

Putin Calls U.S. a 'Parasite' Over Its Debt


MOSCOW—Russian Prime Minister Vladimir Putin called the U.S. "a parasite" because of its huge debt load, evoking a term used by Soviet leaders to demonize people who didn't work, study or serve the Communist state.
 -
In a speech Monday, Mr. Putin said Russia and other countries should seek new reserve currencies to hedge against "a systemic malfunction" in the U.S.
 -
Both Russia and China in the past have questioned the dollar's pre-eminence as a reserve currency and its role in international trade and investment.

Russia keeps almost half its reserves in dollar assets.
"The country is living in debt," Mr. ..
------
more in Markets Main »

NASA Image of 'Snowman' Craters..[ 2367 ]

Image of the of 'Snowman' Craters

 Close-up view of 'Snowman' craters