Archive for August, 2012

The United States’ Foreign Debt Hits Record High

Recently, the United States’ foreign-held debt reached a record high of ~$5.29 trillion.  This debt reflects a 72.3% overall debt increase to foreign entities under the current administration’s term and includes ~$1.16 trillion owed to America’s largest foreign creditor, China, who owns approximately 22% of the total foreign debt.  In the status of foreign creditors, […]

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NYPD Officers Wound 9 Bystanders with Gunfire

Early Friday morning a New York man, Jeffrey Johnson, confronted his former boss at a fashion design company, Steve Ercolino, and shot and killed him on the sidewalk in front of the Empire State Building.  Apparently, Johnson had a long history of animosity with his former employer and presumably had grown increasingly resentful of being […]

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