Presidents Cup 2013: Biggest Takeaways from the United States’ Victory
But there might not be enough money for the payments due on the 24th or the 31st. – How would default affect the economy? It would sink like a stone. Once default began, the government would have to slash its spending overnight by about a third. The fiscal drag, if it lasted a full year, would be the equivalent of up to 4.2 percent of national economic output, according to calculations by Goldman Sachs. That doesn’t take into account the potential for a financial crisis. If investors lost their cool, stock markets could tumble, hitting pension funds and leading consumers to spend less of their money. Credit markets could freeze up because investors around the world might reassess the value of U.S. debt, which serves as collateral for trillions of dollars in loans and other financial transactions. The Treasury has warned a default could trigger the worst recession since the Great Depression. – Is there an easy way out of this? Washington’s army of policy wonks have floated all sorts of ideas that could in theory resolve a debt ceiling crisis. Treasury could mint a $1 trillion dollar coin and deposit it at the Federal Reserve, magically topping up government coffers. The Obama administration could unilaterally raise the debt ceiling by invoking the 14th Amendment of the U.S.
The body metabolizes desomorphine quickly, which makes it difficult for doctors to know for sure whether someone has used krokodil. While the recent cases in Arizona are officially unconfirmed, the patients told physicians that they had taken the drug, according to a doctor at the Banner Poison Control and Drug Information Center in Phoenix. Desomorphine, however, is not why krokodil is so dangerous. About 10 years ago, Russians apparently discovered how to synthesize desomorphine at home using commercially available ingredients including red phosphorus, which they reportedly glean from the sides of matchboxes, and codeine, which until last year was available over the counter in Russia. The resulting substance contains several caustic byproducts. When you use the krokodil . . . really what youre doing is injecting red phosphorus and solvents into your body, said Matt Zuckerman, a toxicologist at the University of Massachusetts Medical School. With regular use, those toxins can rot flesh, causing abscesses and gangrene. A recent U.N. report attributed krokodils emergence to a heroin shortage in Russia. The countrys head drug official has said that a ban on over-the-counter sales of codeine has reduced krokodil use. Zuckerman suggested that krokodil is unlikely to become popular in the United States.
Factbox: When could the debt ceiling put the United States in default?
Coupled with NBC putting Sunday’s action in tape delayyes, that still exists in 2013 for some god-awful reasonthe event ended with a shrug rather than a Tiger-esque roar. Luckily, in today’s information age, we have the ability enjoy things the way we want. Those who cared knew the United States had clinched the event hours before the delayed coverage told them, and those fans know that it wasn’t always as locked in as it seemed. With that in mind, let’s look back on the event that was and give a couple of the biggest takeaways from the 2013 Presidents Cup. So…What’s the Deal With This Presidents Cup/Ryder Cup Dichotomy? David Cannon/Getty Images As established in the introduction, the United States has won five straight Presidents Cup events. The last time the United Stateslost a Presidents Cup was during the Clinton administration. The last non-win for the U.S. was a draw in 2003, and the 2013 host country has an overall record of 8-1-1 in the event since its inception. It’s worth noting here that the Presidents Cup has only been around since 1994. Why, you ask, is that worth mentioning? Well, because the United States has nearly been as putrid in the Ryder Cup as it has been excellent in the Presidents Cup. The Europeans have won five of the past six Ryder Cup championships, and hold a 7-2 record since that arbitrary cut-off. While the United States holds a massive advantage over the course of Ryder Cup history and had to collapse this year Usually, I’d say this is arbitrary and relatively meaningless. But there is one key difference between the two events that I think bodes well for the United States in Presidents Cup play: the number of matches.