"The United Statesí prized top AAA credit rating has been cut for the first time ever. Standard & Poorís has dropped Americaís 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 thatís not enough - and falls far short of whatís needed to stabilize the governmentís 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 Europeís policy makers have raised concerns that next week may worsen the eurozone debt crisis.
Fresh worries over Europeís 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 countryís 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 Washingtonís "addiction" to debt. "
Professor: Reason Itself Is A White Male Construct 2015-07-04 3:55
A philosophy and religion professor at Syracuse University gave an interview to The New York Times Thursday in which he critiqued the notion of pure reason as simply being a “white male Euro-Christian construction.”
Prof. John Caputo was being interviewed by fellow philosophy professor George Yancy for the 13th installment of an interview series Yancy conducts with philosophers regarding racial topics.
Given its emphasis on first principles ...
The Broken Window Fallacy 2015-07-04 3:48
Youtube description: This short video explains one of the most persistent economic fallacies of our day.
Jenji Kohan and the Jewish Hyper-Sexualization of Western Culture 2015-07-04 3:33
As detailed in The Culture of Critique, Freud and his followers regarded anti-Semitism was a universal pathology which had its roots in sexual repression. The theoretical basis for this can be found in Freud’s Three Essays on the Theory of Sexuality where he linked aggression to the frustration of human drives — especially the sex drive. Kevin MacDonald notes that: ...
Confederate History - Dispelling the Myths 2015-07-03 3:28
History books, the media, the school systems, etc abound in falsehoods and inaccuracies of Confederate and Southern history. This fact sheet will help to clarify and dispell some of these rampant inaccuracies.
MYTH - The War of 1861 - 1865 was fought over slavery.
FACT - Terribly untrue. The North fought the war over money. Plain ...
Gays Rights May Open Door for Pedophile Rights 2015-07-03 3:31
Democrats have attempted to normalize pedophilia as a sexual orientation.
A recent Supreme Court ruling on same-sex marriage may soon allow pedophiles to argue they are suffering discrimination.
‚ÄúUsing the same tactics used by ‚Äėgay‚Äô rights activists, pedophiles have begun to seek similar status arguing their desire for children is a sexual orientation no different than heterosexual or homosexuals,‚ÄĚ writes Jack Minor ...