A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.
Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.
With a not guilty verdict on one count and the jury deadlocked on five others, it appears John Edwards' federal trial on campaign-finance charges ended with a whimper, certainly from the Justice Department's point of view.
At first blush, it can be argued that how the trial of the former U.S. senator from North Carolina ended may do little to deter politicians. They'll still be able to go forward and rake in money from supporters and, with some sleight of hand, spend that cash on practically anything.
In Texas recently there was a grand opening for what is now the largest refinery in the U.S. Shell and Saudi Arabia's national oil company, Saudi Aramco, have more than doubled the capacity of their Port Arthur refinery.
The refinery business has been going through a tough period in recent years. Americans are buying less gasoline and other petroleum products — about 10 percent less than in 2005, according to the U.S. Energy Information Administration.
Republican presidential candidate Mitt Romney picked up two big endorsements this week from GOP foreign policy luminaries: former Secretaries of State Condoleezza Rice and George Shultz.
At this point in the presidential race, endorsements are pretty routine. But these particular endorsements are important, since Romney has encountered some skepticism from foreign policy experts in his party.
Some Republicans expected the long, bloody wars in Iraq and Afghanistan to alter their party's traditional interventionist view. Those Republicans are disappointed in Romney.