Argentina’s credit rating was cut by Fitch Ratings, which said a default is probable after a U.S. judge ruled the country can’t make payments on its restructured bonds unless it pays holders of defaulted debt by Dec. 15. The rating on Argentina’s international law bonds was lowered to CC, eight levels below investment grade, from B, Fitch said today in an e-mailed statement. It cut the rating on bonds sold under Argentine law to B- from B. U.S. District Judge Thomas Griesa ruled on Nov. 21 Argentina must deposit $1.33 billion for creditors
Is Vladimir Putin a paleoconservative? In the culture war for mankind´s future, is he one of us? While such a question may be blasphemous in Western circles, consider the content of the Russian president´s state of the nation address. With America clearly in mind, Putin declared, "In many countries today, moral and ethical norms are being reconsidered." "They´re now requiring not only the proper acknowledgment of freedom of conscience, political views and private life, but also the mandatory acknowledgment of the equality of good and evil." Translation: While privacy and freedom of thought, religion and speech are cherished rights, to
The rumors are true: George Zimmerman is a painter now. And his first creation, which was listed on EBay this week, has sparked a bidding war that has pushed its price up from a starting point of $0.99 to almost $100,000 as of Tuesday morning. It´s a blue American flag featuring part of the Pledge of Allegiance. "Everyone has been asking what I have been doing with myself," the EBay posting from user therealgeorgez reads. "I found a creative, way to express myself, my emotions and the symbols that represent my experiences. My art work allows me to reflect, providing
The problem with ObamaCare is not that it is poorly designed or sloppily implemented. The problem is in the nature of things: The Patient Protection and Affordable Care Act, as it has been envisaged, is inherently impossible. To see this, forget ObamaCare for the moment. Think health care in general. Health care can be many things for many people: It can be universal (extended to all people) or selective (available to some people). It can be comprehensive (covers all conditions and cures at any age) or rationed. It can be affordable or prohibitively expensive. But there is one thing that a health care system
Leftism: Chile has long been a global model of free-market economics. But on Sunday, it elected socialist Michelle Bachelet, who ran on a platform of tax hikes and "free" education. What drives a country to reject success? Bachelet took an astonishing 62% of the vote against her more conservative rival, Evelyn Matthei, who drew just 38%. It wasn´t entirely surprising: Bachelet projected a cheery, confident, maternal demeanor and made few gaffes, quite unlike the less polished Matthei. She also had a good record: As president from 2006 to 2010, she left office with a phenomenal 84% popularity rating — in part, because she
MSNBC anchor Thomas Roberts examined the notion on Monday that President Barack Obama faces an uphill battle to safeguard the rights of gays and lesbians abroad who face repression in their home countries who are less tolerant of alternative lifestyles. Roberts asked if Obama has credibility with repressive government given that so many see him as America’s “first gay president.” Given the many areas in which the U.S. has encoutnred friction with Russia, a country that has cracked down on the rights of same-sex individuals recently, Roberts asked a human rights advocate on Monday whether the president has any credibility
The fake sign language interpreter at Nelson Mandela’s memorial service last week was among a group of people accused of assaulting two men found with a stolen television and burning them to death, according to his friends. The interpreter, who sparked outrage when it was revealed that he was using fake sign language during the event, joined others in allegedly setting fire to tires and placing them around the two men’s necks, one of the interpreter’s cousins and three of his friends told the Associated Press. Thamsanqa Jantijie was never tried for the 2003 killings because authorities determined he was not
The newly installed tapestry of President Obama casts a warm smile over guests at an event @USAinUK last night. 8:02 AM - 13 Dec 2013 Bask in the warmth, Twitchy readers. Just bask. Creepy RT @USAinUK: newly installed tapestry of Obama casts a warm smile over guests at an event @USAinUK last night. President Selfie fits right in, huh?
Sure, he likely didn’t mean anything overtly sexual by it. But Vice President Joe Biden is a folksy kind of guy who has officially entered dirty old man territory and done something sure to elicit laughs within the White House Press Corps. Look how he’s manhandling The Hill‘s White House Correspondent Aime Parnes for this photograph taken at a recent holiday party that she posted on her Facebook page. For most people’s tastes he’s grazing way too close to the vicinity of her abdomen. And watch her reaction. Is it shock, awe, utter disbelief? Whatever the expression, she appeared to
Michelle Obama has once again stepped out in her $6,800 J Mendel jacket, despite fielding a backlash last time she wore the pricey garment. [Snip] But the last time she wore the embellished garment, in July 2012 at a Buckingham Palace reception in London, political commentators took issue with the fact that she had spent so much on fashion while so many in the U.S. are suffering financially. A post on the Gateway Pundit blog remarked that the design ´cost more than the average American family makes in a month ($4,284)´. ´She does this as Americans continue to suffer through a
Reportage of last week´s Nelson Mandela funeral reveals clearly enough that President Obama has reached the point in his tenure where everything ceases to go right -- when even the most serious and determined efforts deteriorate into a hash, or worse, a joke. This happens to everyone in public life eventually, politicians above all. The original attraction wears thin, flaws appear more prominently, styles and opinions change. There is little the individual can do to avoid this.(snip)The Mandela funeral shows that Obama is deep into this phase of his career, and has landed on his head.
The universe is a hologram and everything you can see - including this article and the device you are reading it on - is a mere projection. This is according to a controversial model proposed in 1997 by theoretical physicist Juan Maldacena. Until now the bizarre theory had never been tested, but recent mathematical models suggest that the mind-boggling principle could be true. According to the theory, gravity in the universe comes from thin, vibrating strings. These strings are holograms of events that take place in a simpler, flatter cosmos. Professor Maldacena´s model suggests that the universe exists in nine
London – Large tapestry portraits of President Barack Obama were unveiled for guests at the U.S. Embassy in London over the weekend. The recently-installed, large-scale tapestry portraits were created by National Medal of Arts winner and renowned American painter, photographer Chuck Close. Close created the portraits by compiling and interweaving Polaroids of the president from an hour-long photo shoot done the summer before, the Washington Post reports. The portraits are nearly 8 feet tall and more than 6 feet wide, with the final piece looking like photos but feeling like textiles. Close used one photo of Obama smiling and another
On Monday, Variety reported that Fox News had once again dominated all comers I the annual ratings, not merely blowing out CNN, MSNBC and HLN, but drawing more viewers than the combined averages of the three other networks. Fox News averaged 1.774 million viewers in primetime; the other three averaged a combined 1.626 million viewers in primetime. Fox finished sixth among all basic cable companies. The addition of Megyn Kelly to primetime has been a boon for Roger Ailes and company, with Kelly up 23% in total viewers in the timeslot. No wonder CNN, which is struggling to outpace Headline
In 2000, shortly after Hillary Clinton was elected to represent New York in the Senate, I was honored when she called seeking my advice.(snip)Hillary is a patriot who loves her country completely. Her deep commitment to public service and progressive causes runs through her veins. At the State Department, she proved to be an outstanding diplomat. She rolled up her sleeves and went to work repairing relationships with heads of state around the world. From the evolving conflicts in Afghanistan and Iraq to the turbulent Arab Spring, Hillary was always a steady hand on the foreign policy rudder. Over the years, Hillary and