“safeguarding The Debt Is Of Vital Importance,” China Fm. “this Is The United States’ Responsibility”

This is the United States Responsibility The United States finally has a function . Acting as Chinas reserve currency . China, the biggest foreign creditor of the United States, has waded into the American budget crisis, warning Congress that it must resolve the political impasse over the debt ceiling without further delay. The Chinese Vice Foreign Minister, Zhu Guangyao, told Americas deadlocked politicians on Monday that the clock is ticking and called on them to approve an extension of the national borrowing limit before the federal government is projected to run out of cash on 17 October. We ask that the United States earnestly takes steps to resolve in a timely way the political issues around the debt ceiling and prevent a US debt default to ensure the safety of Chinese investments in the United States, Mr Zhu told reporters in Beijing. This is the United States responsibility, he added. The US is clearly aware of Chinas concerns about the financial stalemate and Chinas request for the US to ensure the safety of Chinese investments, he said yesterday. China held $1.28tn in US Treasuries in July 2013, according to US Treasury data, although the true figure could well be higher than this as China also invests through intermediaries. The U.S. is the worlds biggest economy and a major country issuing reserve currency. Safeguarding the debt is of vital importance to the economy of the U.S. and the world, Chinas Vice Minister of Finance Zhu Guangyao told a press briefing held by the Chinese Foreign Ministry. This is the United States responsibility, he said. Under the current situation, Zhu advised the U.S. Treasury Department to take the first step to ensure the interest payments of the government bonds and then pay the principles through the replacement of old debt by new.

The United States of (Non)Reading: The End of Civilization or a New Era?

– The United States defaults when the money runs out, right? It depends how you define default. Historically, default is when a country misses a payment to a creditor. The Obama administration says default would include any missed payment, such as payments for public health insurance. The first really big bill due after hitting the debt ceiling is a $12 billion Social Security payment on October 23. – When would financial markets melt down? Markets would be alarmed if it looked like bondholders would go unpaid for an extended period, and might even panic if any government checks were delayed. Many analysts think the administration would at least try to prioritize payments on the national debt, but Treasury officials say picking and choosing which bills to pay would be impossible. The first debt payments due after hitting the debt ceiling are on October 17, 24 and 31. The first of those shouldn’t be a problem, according the CBO analysis. But there might not be enough money for the payments due on the 24th or the 31st.

Presidents Cup 2013: Analyzing United States’ Triumph over International Team

This perception builds on public conversations about the lack of reading. In 2007 a National Endowment for the Arts study concluded that adults’ reading habits were in severe decline. Only 57 percent of adults read a book voluntarily in 2002, down from 61 percent in 1992. This was supposed to have all sorts of terrible consequences : educational, of course, but also economic, social, moral, you name it. Reversing the cup-half-empty conclusion, a 2013 study showed that more than half read books for pleasure — just not what the NEA defines (or would if the government were functioning) as “literature.” And the Pew interpretation was that if reading for work and school is added to “voluntary reading,” then almost all people read “books” at some point during the year: 79 percent of 18-24 year-olds, and 90 percent of 16-17 year-olds. It is undeniable that people are reading (looking at) writing all the time. It may not be in physical books, however. And just this week, USA Today argued that digital devices increase book reading (on the devices). David Carr wrote in 2008 about the decline in attention–not only in our students. Attention spans, focus, mindfulness…all these are shrinking. Technology plays a role in this, as many of us spend much of our lives looking at short items. The Onion, the humor website, puts most of its efforts into its headlines. Blogs should be at most one thousand words, but three hundred is better. (This one is too long.) So if students are sipping text constantly on their devices, and suddenly they are asked to consume what sounds like an insurmountable mountain of pages in some other form — and for what!? — they are likely to avoid it entirely.

Factbox: When could the debt ceiling put the United States in default?

Ernie Els,Jason Day,Graham DeLaetand Adam Scott all ripped off wins in the early afternoon, keeping the International team’s comeback hopes alive.Hunter Mahan, Jason Dufner and Zach Johnson had each gotten wins, leaving the red, white and blue just one halving away from another triumph. But much like a year ago, the Internationals had pilfered momentum by mid-afternoon as the final matches of the day started revving up. The visiting side held leads or were within one stroke late in each of the final singles matches of the day, leaving Yahoo! Sports’ Shane Bacon to awaken (you see, that rhymes) the slumbering golf public by telling them to start following the action: Gregory Shamus/Getty Images This comeback would prove futile, however, thanks to a man whose performance in these events has often drawn criticism. Woods certainly didn’t play his best round on Sundayhis round translated to even par on Sundaybut he took advantage of Sterne’s mistakes. The world’s top-ranked player twice won holes where his opponent hit balls into the water (No. 9 and No. 12) and captured a critical win on No. 16 when Sterne sent his approach flying over the green. That win culminated a sensational week for Woods, who has been battling a nagging back injury throughout the fall. He was responsible for four of the United States’ 18.5 points, with three of his wins playing alongside Kuchar. The duo was dominant, scoring three wins as partners and reminding fans that, once upon a time, Tiger Woods actually enjoyed playing golf. Throughout the weekend, one of the most amusing stories was Woods and Kuchar insisting on awkwardly recreating the handshake from theFresh Prince of Bel Air. One could use the victory as a pulpit to push any number of narratives. That Tiger Woods somehow suddenly “enjoys” golf again after years of personal and professional turmoil. That Woods could use his Presidents Cup triumph as a confidence buoy heading into the next PGA Tour season, which begins in all of about 17 minutes, by the way. Blech. Not only should we know better than to ascribe our own favorite narrative to Tiger at this point, but it would also ignore the accomplishments of his teammates in Ohio.