China warns U.S. debt-default idea is “playing with fire”

Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday.

The idea of a technical default — essentially delaying interest payments for a few days — has gained backing from a growing number of mainstream Republicans who see it as a price worth paying if it forces the White House to slash spending, Reuters reported on Tuesday.

But any form of default could destabilize the global economy and sour already tense relations with big U.S. creditors such as China, government officials and investors warn.

Li Daokui, an adviser to the People’s Bank of China, said…… Full Story Here

SINGAPORE (Reuters) –
By Emily Kaiser Emily Kaiser – Wed Jun 8, 8:41 pm ET

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The Last Nail – Floor Speech May 25 2011

Ron Paul has a few things to say about the expansion of Presidential powers.

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How Tampa Bay Lightning fan outwitted petty HOA over playoff sign

Steven Paul, 28, is a Tampa Bay Lightning season ticket holder who’s justifiably excited with his team in the Eastern Conference finals, eight wins away from the Stanley Cup.
Like many other Bolts supporters, he flaunted that enthusiasm within his community. That is, until his Home Owner’s Association crushed his freedom of expression like an over-reactive parent.
But Steven Paul is a hockey fan, which means he’s both incredibly cynical and incredibly stubborn about his passions. So he got a little creative in his battle with the draconian rules of his neighborhood HOA — and appears to have won.
Back in April, before the Lightning defeated the Pittsburgh Penguins and Washington Capitals in the Eastern Conference playoffs, Paul decided he wanted to make his neighbors aware of his fervor for the team.
When the Lightning clinched a playoff spot, they gave fans a playoff preparation package that included a T-shirt, stickers and a sign made for display on one’s front yard, like a political placard.
Paul placed his white “GO BOLTS” sign on his lawn on a Saturday.
On Wednesday of the following week, he received this from his HOA:
“Whoever it is that has too much time on their hands took a picture on Monday, turned it in and then I got the letter that said, ‘No signs allowed except for security signs,'” said Paul, who shared the story and the letter with the Reddit hockey community, where he’s an active member.
His HOA limits lawn signs to ones that provide free advertising for alert others that the house is protected by some kind of alarm system or security service.
“I was pissed. I was infuriated,” recalled Paul, “and then I was like, ‘OK, fine. If we can only have security signs, then I’ll make it a security sign. Full Story Here

by Greg Wyshynski

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