Wednesday, July 20, 2011
That is what Moody's Investors Service on Tuesday said could happen if lawmakers in Washington fumble debt talks so badly the rating agency is forced to cut the U.S. rating to Aa1 from its current triple-A level.
Ten states, including Texas, Missouri and Iowa, are not heavily dependent on federal aid and therefore will keep their triple-A ratings even if the United States is downgraded a notch, the rating agency said.
However, the remaining five states rated Aaa by Moody's -- Maryland, New Mexico, South Carolina, Tennessee and Virginia -- are likely to lose their top rating as their ties to the U.S. government in terms of high federal employment levels or Medicaid exposure put them in jeopardy should the United States' rating be cut to Aa1 or lower, according to the rating agency.....read on
Press TV talks with Webster Griffin Tarpley, author, journalist and lecturer from Washington who considers the Egyptian revolution and other colored revolutions as US-sponsored events to weaken Saudi Arabia. He reveals startling information about the CIA and al-Qaeda and summarizes the 'divide and conquer' strategy of the US in the Middle East. Following is a transcript of the interview.
Sean Hoare, who was found dead, was quoted as saying that phone-hacking was widely used and even encouraged at the News of the World.
Press TV talks with Ian Williams, Foreign Policy in Focus in New York, to discuss the issue.
Geoff Candy of Mineweb discusses Gold, Silver, Carbon taxes and inflation with John Licata of Blue Phoenix......listen here
This week Max Keiser and co-host, Stacy Herbert, look at the political theatre of America's AAA rating in a land where gold is not money and shoplifting is a sign of a strong economy. In the second half of the show, Max talks to Amir Taaki, founder of BitcoinConsultancy, about the peer to peer currency, Bitcoin, and its recent trials and tribulations.