Wednesday, November 2, 2011

Morning Brief: WikiLeaks co-founder Julian Assange loses extradition appeal;

Two judges at the High Court in London ruled against Julian Assange in the WikiLeaks co-founder's appeal of his extradition to Sweden. Assange now has two weeks to appeal to the U.K. highest court.

World markets are still digesting the news that Greek Prime Minister George Papandreou said he would hold a referendum on the latest Greek debt bailout deal. Today Papandreou tried to be optimistic, stating that the vote will provide him a mandate for the bailout and a confirmation that Greece will stay in the Eurozone.

“The referendum will be a clear mandate and strong message within and outside Greece on our European course and our participation in the euro,” Papandreou told his ministers in Athens early today, according to a Bloomberg report.

But all this might talk could prove irrelevant if the prime minister can not win a confidence vote in the Greek Parliament later this week. Today Papandreou flies to Cannes, France where he is scheduled to meet with German Chancellor Angela Merkel, French President Nicolas Sarkozy and European Central Bank President Mario Draghi, among others, to discuss the bailout and Papandreou's referendum announcement.

The Dodgers are for sale.

The once storied franchise in now in the hands of The Blackstone Group who will supervise the sale of the team and its Chavez Ravine stadium after Major League Baseball reached a deal with owner Frank McCourt.

McCourt had filed for bankruptcy protection in the summer after MLB rejected his giant TV deal with Fox. Like many rushed sales, all this grew out of McCourt's ugly divorce to his wife Jamie. During those proceedings it was alleged that McCourt had used the Dodgers franchise as his own personal credit card, taking more than $180 million in revenues from the club for personal use.