Is he in a position to issue warnings? Athens finally submitted a reform proposal to creditors today, but Prime Minister Alexis Tsipras has reportedly warned that if Greece is pushed from the bloc, Spain and Italy could soon follow, which could lead to the currency’s demise. “Markets will immediately look for the next victim,” he said, reiterating his refusal to make pension cuts and noting that eurozone officials must face the fact that “austerity has failed.” French and German leaders will meet with Tsipras tomorrow in another bid to secure a compromise.
The Presidential Daily Brief
They’re banking on change. The British financial giant plans to cut around 50,000 jobs in the next two years, aiming to trim $5 billion in annual costs. This includes plans to sell operations in Turkey and Brazil, which will account for half of the outgoing workforce. The rest will be lost through restructuring measures like consolidation and automation. But the bank wants to loosen its belt in Asia, expanding asset management and insurance operations in the region where it generates more than half of its earnings.
They were clued in by the words “You’ve been hacked.” Cyber attackers have targeted the Army’s public website, posting messages criticizing the U.S. training of Syrian rebels. The Syrian Electronic Army, supporters of President Bashar Assad, tweeted to claim responsibility. The attack didn’t involve stolen data, but coming just days after news of a federal data breach that compromised millions of government workers, the U.S. military has taken the site temporarily offline and will be looking to shore up its cyber defenses.
Journalist Bob Woodward says Donald Rumsfeld is contradicting himself when he claims he was skeptical of the U.S. campaign to bring democracy to Iraq. In a published interview with The Times of London, the 82-year old former U.S. Defense Secretary said he was concerned when the word “democracy” was brought up because it was an “unrealistic” outcome. Bob Woodward says his conversations with Rumsfeld tell the opposite story: that he was one of the main architects of the war and that statements to the contrary are an attempt to absolve himself of responsibility.
His actions were “indefensible.” That’s how McKinney, Tex., police chief Greg Conley put it when announcing Eric Casebolt’s resignation from the force. Casebolt was put on administrative leave after video surfaced of him responding to a complaint about a noisy pool party, in which he subdued a 14-year-old bikini-clad teenager by pushing her face into the ground and sitting on her. Police are still investigating the incident, which rallied protesting crowds to McKinney, to determine whether Casebolt’s conduct was racially motivated.
Cleveland community leaders plan to invoke an unusual state statute in a bid to obtain murder charges against the police involved in the fatal November shooting of 12-year-old Tamir Rice. The law allows them to bypass prosecutors and ask a judge for an arrest, but it’s rarely used except for frivolous complaints, admitted a lawyer for Rice’s family. Activists nationwide will be paying close attention after officers implicated in the deaths of black men under controversial circumstances in Ferguson, Mo., Madison, Wis., and New York City were spared prosecution.
They do appreciate art after all. Known for destroying ancient relics as idolatrous, the extremists wreaking havoc in Iraq and Syria aren’t smashing them all: Many are being sold to line the jihadists’ pockets. According to Iraqi officials, the group is expanding its trade in archaeological artifacts, making stolen antiquities their second biggest source of income after oil sales. “What they can’t sell, they destroy,” said an Iraqi minister of heritage. Experts worry that as airstrikes damage ISIS-controlled oil refineries, the jihadists will loot even more ancient treasures.
Judge orders Louisiana inmate be freed after 43 years in solitary. (USA Today)
Manhunt continues as N.Y. prison employee questioned. (CNN)
FIFA scandal-tainted Argentine executive turns himself in (WSJ)
Apple launches streaming music service. (The Telegraph)
Chrysler pulls out all the stops to woo GM into merger. (WSJ) sub
Lock up your heavy machinery. A 48-year-old man in a town north of Sydney allegedly stole a bulldozer from a nearby mine to settle a few scores. After chasing one man and flattening several cars, he completely demolished a house while a woman and her two teenage daughters inside ran to safety. Police said the driver was known to the women but didn’t elaborate, though one of the 11 charges against him — which include attempted murder — is violating a restraining order.
He wanted to leave an impression. John Chambers, the tech giant’s outgoing chief of 20 years, gave his last keynote speech yesterday, telling 25,000 attendees at a Cisco Live conference that he wanted to make them sweat. “Forty percent of businesses in this room, unfortunately, will not exist in a meaningful way in 10 years,” he said, predicting failed attempts to survive in the digital age. The gloomy outlook follows Cisco’s own reorganization and layoffs in recent years, and could signal that incoming CEO Chuck Robbins has more trimming to do.
It could be a shattering discovery. NASA’s Mars Reconnaissance Orbiter has found the Red Planet’s first-ever deposits of glass, likely the result of meteorites hitting the surface forcefully enough to melt rocks, which cooled and turned into impact glass. Scientists hope to find organic material fused into the deposits — as they’ve done in recent years on Earth — possibly revealing whether the fourth planet once hosted life. They might get their chance soon: The 2020 Mars rover may land near the glass-bearing Hargraves crater.
From Meet the Press to press the meat. Former White House Press Secretary Robert Gibbs has taken a job with the fast food giant to serve as its global spokesman. The move may raise eyebrows considering he once promised to hold corporations accountable and First Lady Michelle Obama’s ongoing efforts to improve dietary choices with U.S. consumers. Still, the veteran of the president’s initial Hope and Change campaign may be the perfect fit for a brand in the middle of a major transition toward healthier menu options.
Will they shoot him down? Unconfirmed reports indicate that NBC probably won’t fire the 56-year-old journalist, but it would have a hard time allowing him back into the Nightly News anchor chair after an investigation into tall tales, like his helicopter taking fire in Iraq. Instead, there’s talk of his replacement, Lester Holt, keeping the seat while Williams assumes another role. The suspension ends in August, so the clock is ticking on a decision — one that NBC hopes won’t leave viewers aiming for a rival network.
The No. 2-ranked Yanks needed a bit of Hope … Solo. The 33-year-old goalkeeper made two giant saves to keep opening-game butterflies and an early onslaught by the 10th-ranked Aussies in check. An hour into the game, forward Christen Press finally broke a long-running 1-1 deadlock, and midfielder Megan Rapinoe scored her second goal to seal the deal. A draw between Nigeria and Sweden puts the U.S. at the top of the Group of Death, so despite the jittery opener, hope remains.