Kippreport investigates if oil prices aren’t the only cause for the market slumpAugust 27, 2015 12:00
A visualization of US debt; UAE Central bank sees U.S. debt compromise; Inside the World’s Most Humane Prison;Colbert Report: Norwegian Muslish Gunman’s Islam-Esque Atrocity
A visualization of US debt; UAE Central bank sees U.S. debt compromise; Inside the World's Most Humane Prison;Colbert Report: Norwegian Muslish Gunman's Islam-Esque Atrocity
July 29, 2011 2:03 by Eva Fernandes
As rumours and worries that the US will default on its deficit emerge, Kipp found this visualization of the US debt very captivating. If they say a picture paints a thousand words, than this visualization of the US 14.3 trillion deficit is beyond instructive.
And if you find yourself a little in the dark over the current debate over the US debt, Kipp found this commentary from the Guardian quite helpful. As the article points out, though the current debt ceiling is around $14.3 trillion, President Obama has threatened to veto plans that makes only a short-term increase in the debt ceiling.
Of course, the current debate has sparked a reaction from the UAE central bank who has said it is confident there will be a compromise to avert a U.S. debt default by an Aug. 2 deadline, adding that it holds no U.S. Treasury bonds or U.S. financial instruments. Read more about it on Kipp.
Anders Behring Breivik, the man accused of the July 22 killing spree and bomb attack, could be sentenced to time at Halden; a Norwegian high security prison. If you find yourself thinking, about right, have you seen what Norwegian prisons looks like? With private ensuite bathrooms and flat screen TVs, the prison is, as one journalist so wisely put it, ‘a mix between a college dorm and a hotel.” Have a look at what the prison looks like:
Speaking of the Norwegian tragedy, did you notice how quickly Western media were to jump the gun and point the blame at an Islamic extremist? Well, if you did, then you are not alone. Kipp found this rant by comedian Stephen Colbert rather hilarious, have a look and tell us what you think.