United States 2, Jamaica 0
Actually, the United States Has Defaulted Before
A maximum duration up to September 1, 1949 with either the Jewish or Arab state able, during that time, to ask for independence if it prove fulfillment of the conditions laid down by the UN. 2. Administration by the UN of Palestine during the transition period by means of a three-man body elected by the General Assembly from nationals of member states excluding the Big Five. 3. Establishment of an international military police force composed of military contingents of member states other than the Big Five, preferably to be volunteers but, until this is possible, to be chosen by the member states from their regular forces. 4. Fixing of the size and composition of the International Police Corps by the administering delegates after consultation with military and political experts provided by the UN Secretariat. 5. Payment of the expenses of the Police Corps, both of maintenance and for needed armaments and equipment, by the Big Five in proportion to their yearly contributions to the UN. 6. Measures by the member states of the UN against either Arabs or Jews should they try to disturb the peace, and also against any state or states that from this day commit any type of aggression against either of the peoples of Palestine. BRITISH DELEGATION ASKS U.N. ASSEMBLY TO ACT ON REFUGEE PROBLEM Each member of the United Nations adopt measures for resettling a fair share of displaced persons and refugees in its country and inform the Secretary General without delay of the results of the consideration it has given, in implementation of the General Assembly resolution (of 1946), in conformity with the principles of the IRO and of its fair share of non-repatriable persons, and join with other nations through the IRO or its preparatory commission in the development of overall plans to accomplish this end. The British resolution, in a prelude to its recommendations, acknowledged that re-establishment of Jewish and non-Jewish DPs in their present camps and areas would be inequitable or impractical. It recalled UNSCOPs emphasis on the extreme urgency of alleviating the plight of DPs and of the Palestine problem.
Soccer Federation) Video from the U.S. national teams 2-0 victory over Jamaica in the Americans penultimate World Cup qualifier at Sporting Park in Kansas City, Kan.: Graham Zusis goal USA: Zusi (Bedoya), 77th minute. USA: Altidore (Castillo), 81st minute. USA LINEUP Howard; Evans, Cameron, Besler, Beasley (Castillo 66th); Bedoya, Diskerud, Jones, Donovan (Zusi 46th); Johannsson (Kljestan 72nd), Altidore. Subs: Guzan,Castillo, Orozco, Boyd, Kljestan, Zusi, Beckerman. Not in uniform: Rimando, Goodson, Wondolowski, Davis. CONCACAF STANDINGS United States 6-2-1, 19 points +6 Costa Rica 4-2-3, 15 points +5 Honduras 4-3-2, 14 points +1 Mexico 2-2-5, 11 points -1 Panama 1-3-5, 8 points -3 Jamaica 0-5-4, 4 points -8 *USA and Costa Rica have clinched. Honduras is on the verge. Mexico appears headed for next months two-leg playoff against Oceania champion New Zealand. Tuesdays finales Mexico at Costa Rica, 8 p.m. ET (Telemundo) Honduras at Jamaica, 9:30 p.m. (beIN Sport Spanish) USA at Panama, 9:30 p.m. (beIN Sport) Looking ahead: The USSF confirmed a Nov. 19 friendly against Austria in Vienna four days after a meeting with Scotland in Glasgow.
One that helps bolster the argument that default should not be an option in Washington s latest debt limit showdown. Theres just one teensy problem: it isnt exactly true. The United States defaulted on some Treasury bills in 1979 (ht: Jason Zweig ). And it paid a steep price for stiffing bondholders. Terry Zivney and Richard Marcus describe the default in The Financial Review (sorry, I cant find an ungated version): Investors in T-bills maturing April 26, 1979 were told that the U.S. Treasury could not make its payments on maturing securities to individual investors. The Treasury was also late in redeeming T-bills which become due on May 3 and May 10, 1979. The Treasury blamed this delay on an unprecedented volume of participation by small investors, on failure of Congress to act in a timely fashion on the debt ceiling legislation in April, and on an unanticipated failure of word processing equipment used to prepare check schedules. The United States thus defaulted because Treasurys back office was on the fritz in the wake of a debt limit showdown. This default was temporary. Treasury did pay these T-bills after a short delay. But it balked at paying additional interest to cover the period of delay. According to Zivney and Marcus, it required both legal arm twisting and new legislation before Treasury made all investors whole for that additional interest. The United States thus did default once.