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Experts warn "domino effect" if U.S. Congress does not raise debt ceiling

Negotiations to increase the debt ceiling U.S. have dominated the political agenda in Washington, and 15 days that the country can be forced to declare a moratorium on payments, experts today warned of the implications for economic power and politician.

According to James Lindsay, an analyst at the nonpartisan Council on Foreign Relations, while it is easy or comfortable to minimize the risk facing the U.S., a default could trigger events that the country would regret for a long time and could not reverse.

"In short, a default would cause significant damage to U.S. power. It would create more pressure to cut defense spending, difficult negotiations with other capitals, and erode their influence" on his blog summed up Lindsay.

The U.S. reached last May the debt limit of 14.29 billion dollars and the White House has made clear that Congress must increase the debt ceiling for August 2 or the government would run out of funds pay their bills.

If not get on the debt ceiling, the Treasury Department would have no choice but to protect some federal programs and select to pay only the most urgent bills, something that is unprecedented in the history of the country and has led to pressures, both the business and the public, increase.

According to experts consulted by Efe, a failure in negotiations between Republicans, who hold the majority in the House of Representatives, and the White House create a destabilization of financial markets and put the U.S. economy on the brink of a severe recession.

While the Bipartisan Policy Center (BPC) estimates today that, without increasing the debt ceiling, the government should only in August at 306,000 million dollars and only receive income from 172 000 million.

The government said the study center would be in the delicate position of giving priority to costs and eliminate other equally necessary to protect the most vulnerable groups such as children, the poor, elderly and disabled.

The situation would also lead to an increase in interest rates for home purchases or for higher education and state and local governments would face greater budget pressures.

The "domino effect" would not stop there: would lie the dollar in the world which, in turn, increase the cost of all imported products, including oil.

So far, USA has been considered a safe haven for global capital flows during periods of crisis, but if Congress does not act soon, would help to undermine the flexibility of foreign policy, he said, for his part, Lindsay.

The crisis over the debt "is so frightening (..) and its impact so extensive that we can not fail to reach an agreement," said Howard Baker, Tennessee Republican former senator.

According to the Committee for a Responsible Federal Budget, hope to avert this crisis lies in a new plan being negotiated by the leaders of the majority Democrats and minority Republicans in the Senate, Harry Reid and Mitch McConnell, respectively, which would authorize a gradual increase in the ceiling debt.

The Republican majority in the House of Representatives, announced today that they would submit the plan to a vote tomorrow "Cut, limit and balance", which determines the rise in the debt ceiling to better control public spending and requires a constitutional amendment to ensure balanced budgets.

A national survey released today by the consulting firm Zogby, 52% of likely voters in 2012 believe that Congress should increase the debt ceiling, while 70% believe that increasing the cap would have serious consequences.

And although 80% of respondents want an eventual agreement includes measures to reduce the deficit, 52% believe that budget cuts "excessive" and could also harm the slow economic recovery in the United States.

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Giordani Jaua and assume some of the functions of Chavez

Venezuela's vice president, Elias Jaua, and Minister of Planning and Finance and third vice president, Jorge Giordani, on Tuesday officially have taken some of the functions of President Hugo Chavez - who last weekend traveled to Cuba to undergo sessions Chemotherapy - following the publication in the Official Gazette of the decree signed by the president.

During the absence of head of state may order Jaua forced expropriations and acquisitions, naming authorities, correct expenditures and budgets of the nation, representing the Socialist leader in cabinet meetings, approve or reject proposals ministries, among other powers.

Meanwhile, Giordani has the function of state budget shortfalls and exemptions, where necessary, of the Value Added Tax (VAT) and Income Tax (Income Tax), requires the official text.

Jaua who will take the brunt of the work because Chavez will represent the official events and meetings with members of the cabinet.

Before traveling to Cuba, Chavez announced a Cabinet that Giordiani Jaua and take over part of his duties during his absence. In doing so, made clear that only "delegate" certain powers and is not a "handover" of power, "as they want some sectors of the opposition."

Venezuela Chavez will be out of time yet to be fulfilled with several sessions of chemotherapy for cancer that was diagnosed last month in Havana, after undergoing two operations.

The secrecy around the disease that the socialist leader has unleashed a wave of rumors and speculation about his political future. Representatives of the ruling United Socialist Party of Venezuela (PSUV) have insisted that Chavez will continue to lead the Government and that will run in the elections of 2012, which will seek re-election.

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Murdoch's newspapers strengthen their security after attack

The group of British newspapers of Rupert Murdoch asked his staff to change their passwords and security increased after pirates attacked the website of his tabloid The Sun, according to sources said Tuesday.

On Monday, hackers redirected to readers of The Sun online to a fake page that reported that Murdoch had been found dead in his garden. Members of the group of pirates LulzSec, who had recently announced its dissolution, claimed responsibility for the attack in a message on Twitter and said they were preparing more attacks online.

They also wrote jokes and insults against Murdoch and his media empire, wrapped in a wiretapping scandal that has rocked British society has reached the Prime Minister David Cameron. "Within 20 minutes, the pages are overloaded, things will crash! We are working on a way to penetrate the defenses right now. Remain aware," said LulzSec a message on Twitter.

"We are glad we have fun, we crushed the Sun Murdoch," said another message.

Two sources at the headquarters of Murdoch's newspapers in London said that the staff of the Murdoch newspapers, including The Sunday Times, he was asked to change their passwords.

A spokesman for News International, parent company of The Sun, The Times and The Sunday Times, declined to comment on security measures.

"We are aware of attempted hacking sun.co.uk last night and our pages are now being reinforced. We have nothing more to add for now."

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Forensics confirm that Salvador Allende took his own life

The expertise of the remains of former President Salvador Allende Chilean confirm that the president took his life on September 11, 1973, during the military coup that led Pinochet to overthrow his government.

So said the senator told reporters socialist Isabel Allende, daughter of Chilean exmandatario after being informed at the Medical Legal Service (SML) of Santiago of the results of surveys conducted by his father's body, exhumed for this purpose on 23 May.

"The conclusion is that the Allende family had. That is, President Allende, on September 11, 1973, to the extreme circumstances he lived, he decided to kill himself before being humiliated or live any other situation" said the senator told reporters.

Tests confirm that he was "just a shot" which took the life of Salvador Allende, for his part said the director of SML, Patricio Bustos.

Isabel Allende declared grateful for the work of experts and said that the conclusion will bring peace to the family, who always believed in the version of the doctors saw that Allende was alone in his office at the time of his death and that no There was third party intervention.

The investigation into the death of Allende, which leads the judge Mario Chariot, the Court of Appeals of Santiago, is part of the presentation of 726 cases of complaints of human rights violations that had never before been investigated by the Justice.

Faced with the suicide hypothesis also emerged suggesting that Allende could be killed by the military coup who stormed La Moneda (government headquarters) after bombs and fire, or failed to attempt suicide and had to be topped by one of his collaborators closer.

After his death, Allende's body underwent an autopsy before her remains were moved to the coastal city of Viña del Mar, but in 1990, with the restoration of democracy, the corpse was exhumed and taken back to the capital, at which time he underwent a second forensic examination.

After the new exhumation of the body, on 23 May, an international team of experts as Bustos, came to the unanimous conclusion of suicide.

The team consisted of the Spanish Thanatologists Etxeverría Francisco, Dr. Mary Luz Morales Colombian, U.S. Douglas Ubelaker, the ballistic expert David Pryor British and Argentine forensic anthropologist Luis Fondebrider.

Bustos said the expert work had four phases: verification of the identity of the exhumed body, the cause of death (bullet wound), form (suicide) and circumstance (military coup).

As established, Allende sat in a chair in his office, said the AK-47 rifle between his knees and pulled the trigger, triggering two bullets, one entered his chin and exited through the back of the skull, causing the death and another was found later embedded in a wall of the room.

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Rupert Murdoch: "The fault lies with the people you trust"

"It's the day I feel more humble in my life," said the octogenarian billionaire at the hearing with his son in the Media Committee of the House of Commons by a scandal that has sent shock waves the United Kingdom. The hearing was interrupted when a young man was attacked with a plate full of shaving foam on Rupert Murdoch.

"It's not an excuse, but News of the World 'is a 1% of my business," said the magnate to the first question put to him, "53,000 people work for me." In this same line has answered a question which he described as endemic ills of his corporation News Corporation: "That's a very broad word, do not generalize."

The tycoon has tried, unsuccessfully, to be his son, who answered some questions for him. James has carried the weight of the internvención. The line of defense of the Murdoch was the lightweight of the late tabloid in his business empire and the delegation of responsibilities.
Father Murdoch said he was "shocked, ashamed and appalled" when he heard, said two weeks ago that among the phone tapping of a girl was killed. Both have denied knowledge of the legal details and say they have not been informed of the decisions made in NotW.

That "shame" was what led Murdoch to close a week ago when he was Periods NotW best selling UK with 2.7 million copies. When asked if he feels responsible for this fiasco, Rupert Murdoch has responded with a terse "No". At the insistence of the Committee has delegated the blame Murdoch to "the people you trust." "I worked with Les Hinton for 52 years, I had trusted my life."
Visitors to Downing Street

The Committee has questioned Murdoch on the grounds that his entry into Downing Street to visit David Cameron after his victory in the British general was not for the back door, to which he replied that only what he demanded from the computer the prime minister.

In relation to their means to support different candidates for British Prime Minister has asked the Committee to explain whether its holder favors entailed by the future premier. Murdoch father replied that his support has never guaranteed to anyone.

Prior to Murdoch has appeared former police chief of Londo, Paul Stephenson, who has insisted that David Cameron wanted to engage with his resignation in the case NotW. The body had hired Neil Wallis, deputy director of the tabloid between 2003 and 2007. In this period there were eavesdropping and was director Andy Coulson, who later became press secretary of Prime Minister.

"Who is responsible?" Have been questioned Labour's Alan Keen. James has answered what many think, "That's a good question." "Have you thought of resigning?". Rupert has responded negatively. "Why?". "I think I'm the best person to clean this house."

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