"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. "
Israel’s Military Censors Demand ’Prior Review’ of NYT’s Gaza Reporting 2014 08 01 Following its reporting of the latest events in the Gaza Strip on Friday, including available details about an IDF soldier captured by Hamas soldiers early in the day, the New York Times was contacted by Israel’s military censor and told that future reporting related to the capture would need to be run through its office before publication.
The Times updated their ...
Wrong time, altered images: Moscow slams Kiev’s MH17 satellite data 2014 08 01
Satellite images Kiev published as ‘proof’ it didn’t deploy anti-aircraft batteries around the MH17 crash site carry altered time-stamps and are from days after the MH17 tragedy, the Russian Defense Ministry has revealed.
The images, which Kiev claims were taken by its satellites at the same time as those taken by Russian satellites, are neither Ukrainian nor authentic, according to Moscow’s ...
World’s First Man-Made Leaves Breathe Oxygen 2014 08 01 A graduate student in innovation design engineering at the UK’s Royal College of Art has created a synthetic leaf that mimics the functions of its real counterpart.
"I have the first photosynthetic material that is working and breathing as a leaf does," said Julian Melchiorri.
The synthetic leaf uses photosynthesis to produce oxygen, by absorbing light, water and carbon dioxide. The artificial ...
The £11 billion Government plan to put ’Smart meters’ in every British home 2014 08 01
The UK government plans to put smart meters into British homes, and the costs of this program will naturally be passed on to reluctant customers. Critics of the plan suggest that this would make homes and the national grid vulnerable to terrorists, but as it’s been confirmed that government agents are most often involved in terror plots, it’s not the ...
Race to be scrapped from Swedish legislation 2014 08 01
The Swedish government announced that it plans to remove all mentions of race from Swedish legislation, saying that race is a social construct which should not be encouraged in law.
"We know that different human races actually do not exist," Swedish Integration Minister Erik Ullenhag told Sveriges Television (SVT).
"We also know that the fundamental grounds of racism are ...