Turkey s Erdogan stages mass rally in show of strength after coup attempt

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This leaves out the buyers with an option to buy apartments in Athens, which are easier to locate in the Greece property since the 2004 Olympic games ended here. At the same time, people can buy luxurious villas in the resort towns as an investment option or to have extended holidays there. Buyers eye the hectic profits these days, when deciding to invest in the villas or farm lands across the Greek countryside.

Both events proved crucial in helping out the Greek tourism and its real estate market to resurrect themselves in the eyes of the global community. A whole lot of new construction was undertaken during the Olympics campaign, which subsequently became the selling ground for the Greek real estate. From what we understand about today's Grecian real estate, it is hard to buy a low-cost single family house in Athens, where the demand to supply ratio for such units is much higher compared to the other regions of the country.

Retail sector employment increased by 14,700 jobs and payrolls in the leisure and hospitality sector rose by 45,000. Professional and business services, a high wage sector, added a strong 70,000 jobs last month, the most since last October.

Provided the strength in jobs is confirmed with other economic data, the Fed will have sufficient reason to hike (rates) this year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York. "The July jobs report was everything you could have asked for and more.

In earlier down cycles, while collar workers were
immune to layoffs as companies trimmed blue-collar manufacturing jobs. The
laid-off white collar workers became consultants and worked from home. The early-to-mid 1980s saw corporations laying off while collar
workers for the first time. Suddenly the home enterprise was legitimate. Running a company from your
spare bedroom no longer meant you spent your day holding Mary Kay and
Tupperware parties. We can thank the last major down cycle for taking the stigma out of home
enterprises.

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central bank raised interest rates for the first rise in nearly a decade last December, but since then has held rates steady amid concerns over persistently low U. inflation and a global economic growth slowdown.

Amid the cooling of ties with the West, Erdogan is due to meet Russian President Vladimir Putin on Tuesday in St Petersburg for talks intended to end a period of tension after Turkey downed a Russian fighter jet near the Syrian border last November.

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Construction payrolls rose 14,000 following three consecutive months of declines. Manufacturing sector employment increased by 9,000 jobs in July after adding 15,000 positions in June. Mining shed a further 7,000 jobs in July.

"Erdogan has been brutal and unfair to us in the past, but I believe he has now understood the real importance of the republic's values," said Ilhan Girit, 44, a musician and CHP supporter, carrying a flag of Mustafa Kemal Ataturk, founder of the modern secular republic.

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