Actually, The United States Has Defaulted Before

But desomorphine is eight to 10 times as potent as morphine, and its effects come and go more quickly, which may be why the new drug proved even more addictive than the one it was intended to replace. The body metabolizes desomorphine quickly, which makes it difficult for doctors to know for sure whether someone has used krokodil. While the recent cases in Arizona are officially unconfirmed, the patients told physicians that they had taken the drug, according to a doctor at the Banner Poison Control and Drug Information Center in Phoenix. Desomorphine, however, is not why krokodil is so dangerous. About 10 years ago, Russians apparently discovered how to synthesize desomorphine at home using commercially available ingredients including red phosphorus, which they reportedly glean from the sides of matchboxes, and codeine, which until last year was available over the counter in Russia. The resulting substance contains several caustic byproducts. When you use the krokodil . . . really what youre doing is injecting red phosphorus and solvents into your body, said Matt Zuckerman, a toxicologist at the University of Massachusetts Medical School. With regular use, those toxins can rot flesh, causing abscesses and gangrene. A recent U.N.

And rates spiked and fell in October 1979 when Paul Volcker announced that the Fed would target monetary aggregates rather than interest rates (the Saturday night special). The fourth big move was the day of the first default, when T-bill rates rose almost 0.6 percentage points (i.e., 60 basis points).Theres no indication this increase reversed in the days that followed (the vertical line on the chart is just a marker for the day of default). Indeed, using more sophisticated means, including comparing T-bill rates to interest on commercial paper, the authors conclude that default led to a persistent increase in T-bill rates and, therefore, higher borrowing costs for the federal government. The financial world has changed dramatically in the intervening decades. T-bill rates hover near zero compared to the 9-10 percent range of the late 1970s; that means a temporary delay in payments would be less costly for creditors. Treasurys IT systems are, one hopes, more reliable that 1970s vintage word processors. And one should take care not to make too much of a single data point. But its the only data point we have on a U.S. default. Not surprisingly it shows that even small, temporary default is a bad idea. Our leaders shouldnt come close to risking it. P.S. Some observers believe the United States also defaulted in 1933 when it abrogated the gold clause. The United States made its payments on time in dollars, but eliminated the option to take payment in gold.

United States to Warn Arab States Against Palestine Invasion; Will Support Partition

Ad Hoc Committee on Palestine, when he outlines the views of the American Government on the UNSCOP recommendations. It is understood that he will empahsize that the American delegation feels that the General Assembly must recommend a final solution of the Palestine problem at this session.The U.S. delegation, the JTA is informed reliably, will declare its support of the UNSCOP majority plan, which urges the partitioning of Palestine into Jewish and Arab states. However, it will ask for some geographic modifications and for guaranteed access to ports and water and power facilities for Jews and Arabs equally in the whole of Palestine. WILL AID FORMATION OF INTERNATIONAL POLICE FORCE TO IMPLEMENT U.N. DECISION The attitude of the American Government with regard to implementation of the U.N. decision on Palestine will be outlined so as to leave no doubt that the United States is not only willing to participate in a U.N. program to meet economic and financial problems during the transition period, but also to assist in the formation of any international force which the U.N. may recruit on a volunteer basis to {SPAN}##{/SPAN} of any international force which the U.N. may recruit on a volunteer basis to maintain order in Palestine until the Jewish and the Arab states are established. The Chinese delegation, which is also expected to submit its statement to the Ad Hoc Committee tomorrow, will oppose partition and favor Arab claims to Palestine the grounds of history, law and equity. It will express doubt as to the validity of the Jewish title to Palestine, and will urge U.N. action for a speedy solution of the problem of the displaced Jews. The delegation will emphasize that only after the U.N. gives due recognition to the special position of the Arabs in Palestine, and after it has contributed to the solution of the Jewish refugee problem, will the General Assembly be in a position to request the Arabs to cooperate with the United Nations and with the Jewish Agency in fostering a national home for Jews in Palestine. China has no particular preference as to the form that national home should take, the delegation will point out.

The United States is still getting rid of its chemical weapons

This fact was highlighted out during Fridays ceremony awarding the 2013 Nobel Peace Prize to the Organisation for the Prohibition of Chemical Weapons, which is helping to eliminate the Syrian armys stockpiles of poison gas. Certain states have not observed the deadline, which was April 2012, for destroying their chemical weapons, the Nobel committee noted in its official announcement of the coveted peace prize. This applies especially to the USA and Russia. The United States estimates it will be at least another decade before it completes destruction of the remaining 10% of its chemical weapons, estimated at more than 3,100 tons. Russia has much more. While its unclear exactly how many chemical weapons Syria has, U.S. intelligence and other estimates put its chemical weapons stockpile at about 1,000 tons stored in dozens of sites. The United Nations has given Syria until mid-2014 to destroy that arsenal and U.N. weapons inspectors have expressed optimism that this deadline can be reached, despite having to dart in and out of battle zones amid Syrias bloody civil war. Wade Mathews, who once worked on the U.S. project to destroy its chemical stockpile, isnt so sure that Syria can meet that deadline. He said the U.S. effort took billions of dollars, the cooperation of many levels of government including the military and a safe environment to make sure the destruction was done safely. We had a coordinated effort, we had a government that insisted that it be done safely and that the community was protected, said Mathews, who now works with the Tooele County emergency management team, which makes sure the Utah community is aware of the project.