"The United States’ prized top AAA credit rating has been cut for the first time ever. Standard & Poor’s has dropped America’s ranking to AA+. The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed. S&P says that’s not enough - and falls far short of what’s needed to stabilize the government’s runaway borrowing. But the Obama administration says the analysis is way off, and will damage any recovery."
"In the past week alone 2.5 trillion dollars have been wiped off the value of global stocks.
That is why world leaders and policy makers have been scrambling over the weekend, trying to find a way out of the turmoil on the international markets caused by the debt crises in Europe and the United States."
"Conflicting and confused messages from Europe’s policy makers have raised concerns that next week may worsen the eurozone debt crisis.
Fresh worries over Europe’s bailout mechanisms this week hastened fears of another recession and saw stocks suffer their heaviest losses since 2008."
"European finance ministers have expressed confidence in the US economy, in spite of the country’s credit rating being downgraded for the first time in history.
However, China - which holds the vast majority of US debt - is far from happy.
Leaders there have criticised what they called Washington’s "addiction" to debt. "
France delivered arms to Syrian rebels, Hollande confirms 2014 08 22
President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar al-Assad “a few months ago.”
The deliveries took place “a few months ago, when the Syrian rebels had to face both the armies of the dictator Bashar al-Assad and this terrorist group Islamic State,” Hollande told reporters on a tour of the ...
Brooklyn DA exposes hidden Child Sexual Abuse in the Orthodox Jewish Community 2014 08 22
Comment: We all know that the sex abuse cases within the Catholic church have been plastered all over the media in the last 6-8 years, but when do you ever hear about the rapes, sexual molestation and child sex abuse cases within the jewish orthodox community? Is the media helping to cover it? Will they give the same treatment of ...
California’s Economic Collision Course: Immigration and Water 2014 08 22 You have heard it before: “As California goes, so goes the nation.” If that is the case, the national economy will be harmed for decades to come because of California’s misplaced priorities today. Indeed, by emphasizing high-speed rail over water and failing to deal with its debt crisis, California poses a long-term threat to our national economy and ...
ISIS offered to swap Foley for ’Lady Al Qaeda’ - neuroscientist MIT-graduate 2014 08 21 An MIT-educated neuroscientist terrorist known as ’Lady al Qaeda’ was named on a ’laundry list’ of demands from ISIS captors holding James Foley named, it was revealed today.
Petite mother-of-three Aafia Siddiqui is currently serving 86 years in a Texas jail after being arrested with plans for a ’mass casualty attack’ in the US, including infecting people with Ebola and a ...
James Foley beheaded - Financed by USA 2014 08 21
John McCain is a traitorous piece of garbage.
Last year McCain worked with the "Syrian Emergency Task Force" to help overthrow the Syrian government. Investigative work (see the detailed article below) revealed that this task force was just a front organization for AIPAC.
McCain met with known terrorists, including the infamous al-Qaeda. Yeah, the terrorist organization that was behind 9/11 received aid ...