Away from all the fallout of the phone hacking scandal and the political games of tennis that have degenerated to the level of 'my Dad's bigger than your Dad' style of argument, real news has been happening.
The debt crisis in America has now reached the stage where the U.S credit rating faces the possibility of being downgraded this week. Finance in the States is getting harder for individuals and businesses and the uncertainty over how the debt ceiling is to be addressed is such that there is a belief that come August 2nd the U.S could default on its debts and the country will fall back into recession.
7 comments:
I can certainly confirm this having just got back from the good ol' US of A (about an hour ago!)
That and the euro bank crisi and you'd think people were ignoring the news! ;-)
You don't often you hardly hear a whisper of dissent when you hear POTUS say there WILL BE big taxes increases.
P.S. No I'm not drunk but reading that last paragraph you'd be forgiven for thinking it.
Welcome back! Read a good article online, which I will try and find, from a blog in the States asking why is it that Greece can get credit but an inidvidual with no history of poor credit in the States can't?
USA and Japan...could be a football post. Japan finished 2nd to England in the groups but went on to win.
I was keen to hear the result tonight as in The US they were following closely their teams progress; an anecdote: had to laugh at one comment when they beat Brazil on penalties, the first US spot-kick had to be retaken and a guy was telling his crowd that they get two opportunities to score!
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