The Greek government has announced that Greek banks and the Athens stock market will be closed on Monday, 29 June. The move is designed to prevent a run on the banks and a collapse of the stock market since most people believe that any reconciliation before 30 June between the Greek government and the troika is impossible. Amid the uncertainty of what this all means, there is incredible nervousness in global markets. The Shanghai stock market has experienced record drops over the last few weeks, the euro dropped 1.7% over the weekend, and, as I am writing this post (8:22 pm on the 28th) the Dow Jones futures are down 245 points. I suspect the US stock market will recover by tomorrow morning since it is probably the only real safe haven in such uncharted waters. Tomorrow should be an interesting day.
Recent research has found that eight to 11 of 37 major world aquifers are being drained faster than they are being replenished. This underground fresh water resource is essential to the food production that nearly 2 billion people in the world rely upon. The danger is that once these aquifers are exhausted, they are not quickly renewed. We have only recently developed the tools to measure underground aquifers, and there is only a patchwork of laws that regulate the use of this collective good.
World Politics News 
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