United States (6do encyclopedia)230512



The United States of America is a federal constitutional republic located primarily in North America. It is bordered by Canada to the north, Mexico to the south, the Atlantic and Pacific Oceans to the east and west respectively, and the Gulf of Mexico to the south. The country consists of 50 states, a federal district (Washington, D.C.), and several other territories.

History:
The United States traces its roots to the European colonization of the Americas, which began in the late 16th and early 17th centuries. The first successful English settlement was the Virginia Colony in 1607, followed by the Plymouth Colony in 1620. The American Revolution, fought between 1775 and 1783, resulted in the independence of the 13 British colonies, which formed a new nation, the United States of America.

Over the centuries, the country has grown and evolved, experiencing significant developments in politics, economics, social issues, and culture. It has become a leading world power, and today, it is the third-largest country by land area and population.

Government:
The United States is a federal constitutional republic, which means that power is shared between the central government and individual states. The central government is divided into three branches: the executive, legislative, and judicial branches. The president is the head of the executive branch, while the Congress, composed of the House of Representatives and the Senate, is responsible for making laws. The Supreme Court is the highest court in the land and is responsible for interpreting the law.

The Constitution of the United States is the supreme law of the land and outlines the framework for the country’s government. It was ratified in 1788 and has been amended several times since. The First Amendment provides for the protection of free speech, religion, and the press, among other things.

Economy:
The United States has the world’s largest economy, with a gross domestic product (GDP) of over $20 trillion. It is a mixed economy, characterized by a blend of capitalist and socialist systems. The country has a well-developed infrastructure, abundant natural resources, and an educated and skilled workforce.

The country’s economy is based on a wide range of industries, including finance, healthcare, technology, manufacturing, and services. The United States is home to several major corporations, such as Apple, Microsoft, and Amazon.

Culture:
American culture is diverse and influenced by various factors, including ethnicity, religion, and history. It is characterized by a strong emphasis on individualism, freedom, and creativity. The country is a melting pot of different cultures, with a rich heritage of art, music, literature, and cuisine.

Sports play a significant role in American culture, with baseball, football, basketball, and hockey being among the most popular. The country also has a rich history of Hollywood movies and television shows, which have had a significant impact on popular culture worldwide.

Education:
The United States has a highly developed education system, with a combination of public and private schools. The country has a strong commitment to education, and many of its universities are considered among the best in the world.

The education system is divided into three levels: elementary, secondary, and tertiary. Elementary education usually covers grades K-5, while secondary education includes grades 6-12. Tertiary education is provided by universities and colleges and comprises undergraduate and graduate programs.

Conclusion:
The United States is a rich and diverse country with a long and complex history. It has made significant contributions to science, technology, arts, and culture, and it remains a world leader in several fields.

Despite its challenges, the country has demonstrated resilience and remains committed to its democratic and constitutional values. The United States continues to be a land of opportunity, attracting people from all over the world who seek to make a better life for themselves and their families.


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Still some uncertainty about when U.S. Treasury will run out of cash, Yellen says

The Globe and Mail

23-05-12 11:05


Janet Yellen, US Treasurer, said that Congress and Wall Street needed to be kept informed of the exact date when US Treasury would run out of money to pay governement debts, which could be as early as June 1st. She said that creditors, including China, did not understand the intricacies of the US debt limit debates, and agencies should frontload advice to protect the market. Yellen warned failure to increase the limit would bring economic and financial catastrophe, but offered no solution if Treasury breached it.

https://www.theglobeandmail.com/business/international-business/us-business/article-still-some-uncertainty-about-when-us-treasury-will-run-out-of-cash/
A free press needs the free market

The Globe and Mail

23-05-12 11:00


At its convention in Ottawa last week, Canada's Liberal party passed a resolution advocating increased measures to hold online information services accountable for the "veracity of material published on their platforms" and "limiting publication only to material whose sources can be traced". The resolution, which was passed without debate, represents "dreadful and dangerous" posturing from a party that should be committed to a free press, a Globe and Mail op-ed has claimed. It came in the same week that the Canadian government enacted the Online Streaming Act, which plans to increase Canadian content requirements on sites such as Netflix and Spotify.

https://www.theglobeandmail.com/opinion/editorials/article-a-free-press-needs-the-free-market/
Germany hopes for 'grown-up' US debt ceiling decision

Deutsche Welle

23-05-12 10:54


Christian Lindner, Germany's Finance Minister, warned that there will be a risk to the global economy if the US fails to raise its federal debt ceiling. Speaking from at the G7 summit in Japan, Mr Lindner said even a technical default would be catastrophic and hoped an "adult decision" would be reached on government finances and associated effects. The US Treasury Department expects to exhaust its borrowing capacity and run out of cash to pay off debt by the end of the summer, while the Republican-led lower house of Congress has so far refused to approve the borrowing.

https://www.dw.com/en/germany-hopes-for-grown-up-us-debt-ceiling-decision/a-65600532
Oil prices head for fourth weekly drop as demand fears weigh

The Globe and Mail

23-05-12 10:46


Concerns about fuel demand growth in the world’s top two oil consumers, the US and China, has led to oil prices declining for a fourth week in a row. Both Brent crude futures and West Texas Intermediate crude futures fell, with Brent crude slipping to $74.55 a barrel and WTI US crude futures dropping to $70.54. The fall of more than 1% marks the longest period of weekly declines since November 2021. Economic concern in the US was aggravated by concerns over a new regional banking crisis and talks about the country’s government debt ceiling being postponed. Meanwhile, weaker economic data in China led to refocused doubts about its recovery from COVID-19 restrictions. The decline was, however, limited by a signal from US energy secretary Jennifer Granholm that the country could repurchase oil for the Strategic Petroleum Reserve after the completion of congressionally mandated sale next month.

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-head-for-fourth-weekly-drop-as-demand-fears-weigh/
China, ever so tentatively, signals willingness to talk to U.S. again

Washington Post

23-05-12 10:36


Analysts speculate that China may be open to restarting dialogue with the United States after previously rebuffing Biden's attempts to meet with Chinese President Xi Jinping. This week, senior-level talks were arranged for the first time in months, with US National Security Adviser Jake Sullivan and China’s top diplomat Wang Yi meeting candidly and constructively over two days in Vienna. Meanwhile, Chinese Commerce Minister Wang Wentao, U.S. Ambassador Nicholas Burns, and Chinese Foreign Minister Qin Gang have also had discussions this week. Diplomatic measures have influenced US policy toward China, according to Beijing’s Taihe Institute.

https://www.washingtonpost.com/world/2023/05/12/us-china-relations-restart-balloon/