Reducing America’s Debt Holdings

China reduced the amount of debt it held by $11.2 billion to $1.27 trillion after the U.S. threat of default and government shutdown. Japan increased its holding by $13.7 billion to $1.15 trillion. China has also signed several new currency deals ushering an end to the U.S. Dollar as the world reserve currency.  Advertisements

Should the U.S. Abolish the Debt Ceiling?

The debt ceiling is the legal amount of money the United States Department of the Treasury may borrow in order to pay the bills already appropriated by congress, and signed into law by the president. It has existed since World War I, the Kingdom of Denmark is the only other country to impose a debt…

Cyprus moves to protect LGBTQ.

In a move announced by the government of Cyprus, the nation will update its penal code in order to protect its citizens from physical and or psychological violence based on a persons sexual orientation. The existing legal framework has already¬†criminalized acts of public incitement to violence or hatred against people on other grounds, such as…

Views on U.S. Government Shutdown.

As the world knows on 1st, October, 2013. The government of the United States partially shutdown due to a budgetary impasse that has continued to consume congress. The ideological principles of the right wing republican party have come to dominate the House of Representatives since the landslide victory in 2010. While I agree that the…