Daily Archives: July 21, 2011

China Offers US “Advice” On Debt

China has always been a player in the American debt crisis for years vis a vis incessant American borrowing, and even they are taking notice and weighing on the ongoing fiasco. In a statement on the Chinese State Administration of Foreign Exchange’s Website, the Chinese government put in their two cents on the matter:

“We hope the U.S. government will take responsible policies and measures to boost global financial market confidence and respect and protect the interests and investors.”

What this means in the short or the long run is hard to say, specifically, but it is no small secret that America is going to have to pay back the Chinese at some point. Even more pointedly, the Chinese government:

“[...]noticed the opinion expressed by S&P and other rating companies regarding the credibility rating of the U.S. sovereign debt.”

Not only is this a somewhat embarrassing talking to, it is a reminder that this debt crisis is not domestically contained. That is, there are repercussions for foreign affairs if we are to default and see our credit rating taking a hit after a Moody’s evaluation. An American default would certainly send shock waves throughout the global economy.

Contains information from CNN.

Kim Kardashian sues Old Navy due to Look-a-Like

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Apparently Kim Kardashian sues Old Navy and its sister store the Gap Inc. for using a look a like girl for advertising their clothing. The lawsuit was put in placed on Wednesday her publicity rights with  ads that feature a woman who looks like her.

The lawsuit claims consumers may be consfused by the ads and the model’s actual endorsementts. A commercial titled, “Super C-U-T-E” began airing in February and Old Navy is still using some of the promotions.

Shes been featured on on countless tv shows including “Keeping up with the Kardashians” on E!  . She has also been known for being friends with Paris Hilson.

The lawsuit was put in placed on Wednesday. her publicity rights with  ads that feature a woman who looks like her.

Louis Callagy, a spokeswoman for San Francisco-based Gap said “the company has not yet seen the case and had no comment on the matter”. Interesting enough this sounds it makes me curious to think something funny is going on.

Contents from Yahoo.news

Debt Crisis “Self-Created,” Says Obama

As the struggle to come to a compromise on the deficit drags on, the tension across party lines and the unhappiness of the American people regarding the actions of their politicians have grown exponentially. Nobody seems to be more frustrated with the current order of the day than the Commander-in-Chief himself, who is responsible for the fate of the economy regardless of what forces or people help to put a potential decline into motion. If a deal is not reached by August 2nd, Obama will be the one to receive the brunt of the criticism despite the GOP’s role throughout this debacle.

Obama described the debt crisis as “self-created,” which he went on to explain:

“This is actually a self-created crisis in some ways. It has to do with folks who are digging into set positions rather than saying how do we solve a problem.”

Obama’s heated back and forth with John Boehner, Eric Cantor, and the GOP at large have has frustrated Americans, and rightfully so. It’s painfully obvious at this time that what America needs is problem-solvers, people with mental flexibility and no allegiances to stubborn partisan thoughts. It is also painfully obvious that America is sorely lacking in people who fit the aforementioned profile. Well, it’s that or certain people in Congress are purposely holding back progress. As a result, talk of the withholding of Social Security checks has emerged, to the chagrin of millions across the country who depend on those checks to live. The President has even gone back and forth with Cantor on that point as well, with Obama telling the House Majority Leader “not to call his bluff.” The debt crisis may not be accessible to all Americans, and the effects of the August 2nd deadline coming and going–and all the major repercussions of outcome–may not be completely understood by many Americans, but the talk about Social Security checks not being sent out is one that hits home in an undiluted and direct manner. It is a language that everybody understands; it doesn’t take Ben Bernanke to understand that not getting that check could have potentially disastrous effects for millions of Americans.

The Gang of Six proposal–a plan drawn up by 3 Democrats and 3 Republicans in an attempt at bipartisan cooperation–is a perfect example of the impossibility of compromise up to this point, and the fragile nature of any positive steps that can be made throughout the process. While the proposal gained traction on Monday, it just as quickly lost it on Tuesday in the span of a mere 24 hours.

One step forward, two steps back.

Contains information from CNN.

They Might Be Giants Releases “Join Us”

They Might Be Giants' 15th studio relase, "Join Us."

Rock band They Might Be Giants has returned to the alternative music scene with its latest release, Join Us, which dropped on Tuesday.

Join Us is the band’s 15th studio releases, containing 18 unique an enthralling tracks of musical goodness.

Join Us opens with “Can’t Keep Johnny Down,” a rhythmic and upbeat tune full of happy melodies despite its rather contradictory lyrics.

John Flansburgh of They Might Be Giants says that “Can’t Keep Jonny Down” is a “very nice bittersweet concoction of a very gloomy lyric with an incredibly sunny arrangement.”

“Old Pine Box” embodies the iconic vocals and harmonies of They Might Be Giants, complemented with off-the-wall lyrics like “Your mom thinks you’re out of your mind.”

The track “In Fact” runs rampant with disjointed melodies, blaring trumpets, off-key vocals, and drums, but somehow flows together into a Bohemian-esque anthem of epic proportions.

In its entirety, Join Us is classic Giants, full of spunky and startling lyrics, upbeat tempos, and enough funky track titles to last until the next studio release.

Join Us is available for download through Amazon.com and iTunes.

Lindsay Lohan Under Fire for Community Service

Actress Lindsay Lohan at a Hollywood event.

Notorious Hollywood bad girl Lindsay Lohan is once again under close scrutiny from the Los Angeles County Superior Court.

Lohan, 25, has been asked to speed up the progress on her court-ordered community service work and to enroll in psychological counseling within 21 days or have her probation suspended.

The actress landed herself in jail after a controversial necklace theft conviction in May.

According to judge Stephanie Sautner, Lohan must complete 480 hours of community service in one year’s time, regardless of her acting career and Hollywood obligations.

So far, Lohan has only completed 33 of these mandatory hours.

“I’m not going to give her five minutes extra,” Sautner said.  “I don’t want to hear, “Oh I couldn’t do it because I was on the set of the John Gotti movie.’”

As for the court-ordered psychological counseling sessions, Lohan has yet to take any step forward in seeking professional help.

According to Lohan’s personal attorney, Shawn Holley, the actress unable to seek counseling due to “financial issues” regarding her actor’s insurance coverage.  Many officials are skeptical of this excuse, seeing as Lohan was spotted stepping out in $1,200 heels just last week.

It is uncertain whether or not Lohan will complete her 480 service hours in one year’s time, but it is safe to say that the Los Angeles County Superior Court will be diligent with keeping tabs on the sassy starlet.

Contains content from L.A. Times

Bradley Cooper Confirms New Film

The Hollywood A-Lister, Bradley Cooper, has confirmed that he will star as Lucifer in an updated film version of John Milton’s epic poem, “Paradise Lost”.

In case you have never read “Paradise Lost”, or don’t remember much of it from your high school English Literature class days, it’s the 17th century epic poem that a blind John Milton dictated to scribes, and is all about the Fall of Man, as interpreted by Christianity. If you don’t have the time to read the 10,000 lines of poetry, you can also check out summaries all over the web.

There is not much information out there about this anticipated film, except that it will contain plenty of special effects, and will be directed by Alex Proyas. You may remember Proyas’ name from the credits of other special effects filled feature films, such as “Knowing” and “I, Robot”. Australian government officials have also confirmed that the majority of “Paradise Lost” will be filmed in Sydney, at its very own Fox Studios, and will be backed financially by the New South Wales government.

Now that we know who will play the Prince of Evil, the only important question left is who will play Adam and Eve?

Contains information from The New York Times.