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… They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades…
- ACT I. What would Greece’s exit look like? In the worst case, it starts off messy.
- ACT II. Here’s where things get scary.
- ACT III. A full-blown crisis would cross the Atlantic through the dense web of contracts, loans and other financial transactions that tie European banks to those in the U.S., experts say...via News from The Associated Press
” The days of medical masks at airports and widespread panic may be coming back—that’s because at least 12 humans are believed to have been infected with a new strain of swine flu that’s not covered by this season’s vaccine.The new swine flu strain, H3N2v, has shown at least some potential for human-to-human transmission in those 12 individuals, which makes it especially dangerous… The 12 people with the new swine flu strain live in Indiana, Iowa, Maine, Pennsylvania, and West Virginia…” via 12 Infected With New Swine Flu Strain – US News and World Report.