There’s no question about it, the middle class must pay more taxes to control the national debt, says Doug Elmendorf, director of the Congressional Budget Office (CBO).
“Putting the debt on a sustainable path will ultimately require increases in taxes or cuts in government benefits or services for people who consider themselves to be in the middle class,” Elmendorf said in a speech at Harvard University.
The CBO director, CNNMoney notes, had [...]
The same storm that brought heavy snow to Denver and Cheyenne Wednesday has the potential to bring a swath of heavy, wet snow from eastern Nebraska to northwestern Wisconsin and the western Upper Peninsula of Michigan through Thursday.
The storm, like many in recent weeks, seems to be ignoring the date and, if all the right pieces were to fall into place, could bring 6 inches to a foot of snow [...]
Congress is preparing to take action on a bipartisan proposal to raise taxes on flu vaccines. This is not a tax on the wealthy, but rather on a broad swath of Americans, or at least those who choose to be immunized against the flu.
In February, identical bills were introduced in the House and Senate to add seasonal flu vaccines to the IRS code as taxable. The legislation would exact a 75¢ per [...]
*FIVE SAID KILLED IN WEST FERTILIZER EXPLOSION: KWTX.COM
*SECOND TANK AT WEST FERTILIZER PLANT MAY EXPLODE: CNN
UPDATE: Entire town (within a mile radius) to be evacuated – toxic fumes may be spreadingUPDATE: Hospital told to anticipate 100 people with injuries, Hospital CEO tells CNNUPDATE: 70 people confirmed dead, incl 5 firefighters, 1 police officer. Hundreds more injured
City of West being evacuated
A large explosion rocked the town of West, Texas, 19 miles north of Waco, on Wednesday evening.
A source tells News 8 that a large swath of the small town with a population of 2,800 has been leveled.
According to initial reports, the blast was at the West Fertilizer plant at 1471 Jerry Mashek Drive, about a half-mile east of Interstate 35.
(Excerpt) Read more at wfaa.com …
France, the former slave power of west Africa, has poured into Mali with a vengeance in a military attack launched on January 11. French warplanes are bombing towns and cities across the vast swath of northern Mali, a territory measuring some one thousand kilometers from south to north and east to west. French soldiers in armoured columns have launched a ground offensive, beginning with towns in the south of the [...]
“And a double kudos to a certain outgoing Congressman from Florida who when asked if they could count on his vote for Boehner’s Plan B said, “Tell Speaker Boehner he can go to hell. I won’t vote for anything he sends my way unless it’s a vote to impeach Barack Obama or his own resignation as Speaker. Preferably both.””
- from WH Insider
Rep. Allen West, a true American patriot and hero, was [...]
Much of Harvard slipped into darkness for nearly two hours Thursday afternoon, resulting in the cancellation of classes and events, disruption of internet access, and the relocation of hundreds of students to the Science Center and the Quad, where power remained on.
The outage impacted a large swath of Cambridge, including most of Harvard Yard, the River Houses, and graduate student housing, according to Harvard Vice President for Campus Services Lisa [...]
Secretary of State Hillary Rodham Clinton indicated for the first time on Wednesday that there was an explicit link between the Qaeda franchise in North Africa and the attack at the American diplomatic mission in Libya that killed four Americans, including the ambassador, J. Christopher Stevens.
She also said American intelligence and law enforcement agencies were working not only with Libya but also with other nations in the region to investigate the attack in [...]
KEY WEST, Fla. (AP) — Tropical Storm Isaac targeted a broad swath of the Gulf Coast on Monday and had New Orleans in its crosshairs, bearing down just ahead of the seventh anniversary of Hurricane Katrina.
In the article titled, “China’s gift to the U.S. Homeowners”
For a housing market just starting its recovery, foreign investment in U.S. residential real estate has been a bright spot, and there’s no sign of the trend letting up. According to data released last month by the National Association of Realtors, non-U.S. buyers accounted for $82.5 billion in residential property sales in the 12 months ended March 2012. Chinese purchasers made up 11 percent [...]
All over America the corn is dying. If drought conditions persist in the middle part of the country, wheat and soybeans will be next. Weeks of intense heat combined with extraordinarily dry conditions have brought many U.S. corn farmers to the brink of total disaster. If there is not significant rainfall soon, many farmers will be financially ruined. This period of time is particularly important for corn because this [...]
I have been 5 days without power because they restored the upper class and low income housing along with ALL businesses first. Once again the middle class who pays for their free housing and their utilities is the last to be taken care of.
Instead of working to restore my power the AEP workers were delivering food to the low income housing project because they told them NO ONE HAS TAKEN [...]
(Reuters) – More than 1 million homes and businesses in a swath from Indiana to Virginia remained without power early on Wednesday, five days after deadly storms tore through the region.
The outage meant no July 4 holiday for thousands of utility workers who scrambled to restore power across the region.
Much of the afflicted areas faced yet another day of scorching heat, with the National Weather Service forecasting temperatures from 90 [...]
Intense Storms Called A “Derecho” Slam 700 Miles Of The US
Power knocked out for millions yesterday, and 13 deaths – from wind storms across a swath of the country…
Intense Storms Called a “Derecho” Slam 700 Miles of the US (June 30, 2012)
“A ‘super derecho’ of violent thunderstorms left a more than 700-mile trail of destruction across the Midwest and mid-Atlantic on Friday, cutting power to millions and killing thirteen people.”
Got your bug-out bag [...]
From Cape Hatteras, N.C., to just north of Boston, sea levels are rising much faster than they are around the globe, putting one of the world’s most costly coasts in danger of flooding, government researchers report.
U.S. Geological Survey scientists call the 600-mile swath a ‘hot spot’ for climbing sea levels caused by global warming. Along the region, the Atlantic Ocean is rising at an annual rate three times to four [...]
Microsoft and Yahoo are selling political campaigns the ability to target voters online with tailored ads using names, Zip codes and other registration information that users provide when they sign up for free email and other services.
The Web giants provide users no notification that their information is being used for political targeting.
In one sense, campaigns are doing a more sophisticated version of what they’ve always done through the post office [...]
George Lucas’ rich neighbors don’t want him building a movie studio in their backyard. His response is the best thing he’s done in years.
According to the San Francisco Chronicle, for four decades Lucas has owned a large swath of land in Marin County in the North San Francisco Bay and has spent the past few years trying to transform the ranch on it into a massive, nearly 300,000 square foot, state-of-the-art movie [...]
We’re used to reading apocalyptic warnings and rants about gold from the boys from SocGen (Dylan Grice and Albert Edwards) so the latest note out from Grice is a true pleasure.
The title is: Why we overpay for excitement (and the secret pleasure of being boring), and it’s all about the appeal of high-quality, low-beta stocks.
The basic idea is: Investors systematically overpay for high-volatility, high-beta stocks because they like the thrill (kind of [...]
That inequality is a major social problem was once a niche belief on the left. From time to time, a small cadre of anti-inequality intellectuals would rail about the false consciousness of the public.
Why, they would ask, is the American public so accepting, even unaware, of the spectacular takeoff in economic inequality? When would middle-class voters—inside of Kansas and out—finally open their eyes, acknowledge the problem, and stop backing the [...]
BOSTON (WHDH) — About 13,000 people remained without power Wednesday morning after a 3-alarm fire broke out in a Back Bay utility building where a transformer exploded.
About 21,000 customers were without electricity at the height of the outage, but NStar reported that 8,000 of those had been brought back on line Wednesday.
The Boston Fire Department reported via Twitter that a 115,000-volt transformer caught fire at around 6:30 p.m. The utility building is located next to the [...]
Land Destroyer Report
March 11, 2012
Featured here is Cecil Rhodes who helped the British Empire literally conquer a massive swath of Africa from the north all the way to the south, the portion over which Rhodes is spanning in the illustration. In memory of his megalomania, the British would name what is now modern day Zimbabwe after him, calling it “Rhodesia.”
Today, US Africa Command, known as AFRICOM, is spreading across Africa [...]
Posted: 02/ 9/2012 12:01 am
Are you young and looking for work? You’re in good company.
Just 54 percent of Americans ages 18 to 24 currently have jobs, according to a study released Thursday by the Pew Research Center. That’s the lowest employment rate for this age group since the government began keeping track in 1948. And it’s a sharp drop from the 62 percent who had jobs in 2007 — suggesting [...]
Dr. Adam B. Lowther
January 09, 2012
Iran would likely be a far more formidable adversary than any the United States has faced in decades. The U.S. should be very wary about launching military strikes.
With U.S. President Barack Obama and Defense Secretary Leon Panetta announcing that major cuts are coming to the Defense Department, hawks seeking to stop nuclear weapons development by Iran by any means necessary will soon have less [...]
WASHINGTON (AP) — NASA’s dead six-ton satellite fell to Earth early Saturday morning, starting its fiery death plunge somewhere over the vast Pacific Ocean.
Details were still sketchy, but the U.S. Air Force’s Joint Space Operations Center and NASA say that the bus-sized satellite first penetrated Earth’s atmosphere somewhere over the Pacific Ocean. That doesn’t necessarily mean it all fell into [...]
President Obama is in Fantasyland or in some alternate universe. He wants to strengthen the housing market provided
The plan helps a broad swath of homeowner
The plan stimulates the economy
The plan costs next to nothing
So says the New York Times in U.S. May Back Refinance Plan for Mortgages
The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad [...]
Our projected path map below continues to paint an ominous picture by pointing Hurricane Irene right in the direction of the East Coast this weekend. The latest computer model guidance confirms this threat and the first hurricane watches have been issued for the United States.
The potential is real for the strongest hurricane hit on the Northeast in at least a couple decades this weekend!
Northeast threat from Hurricane Irene | See [...]
The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing.
President Obama’s administration is weighing proposals to strengthen the housing market.
One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, [...]
Lemonade stands are supposed to come with lessons — about camaraderie, teamwork, entrepreneurship.
Or, if you are in an elegant swath of Montgomery County, outside the gates of Congressional Country Club and the U.S. Open, the all-American rite of passage might instead become a master class in government overreach and how officials can score some truly atrocious press.
But is there any extra credit for the complete backpedal?
Mo Senator Roy Blunt tours Joplin (Photo/Blunt staff)
ST. LOUIS–(KMOX)–Missouri Senator Roy Blunt says he’s asking the federal government to reimburse 100 percent of the cost to local governments dealing with the Joplin tornado aftermath.
Blunt, who had an office in Joplin for 14 years, says he toured the town earlier this week and found it almost “unrecognizable” with a six-mile long swath wiped almost clean and lacking familiar [...]
As vaguely rumored earlier, and largely anticipated, the CME instituted another margin hike, presumably for a broad swath of commodities but apparently focusing on one particularly: silver, this time 10%. This is on top of the 9% margin hike from Monday. If anyone was wondering the reason for silver’s swoon earlier (and subsequent jump) was, now it’s clear. By now it is becoming rather clear that all the CME does [...]
TOKYO — News signs emerged on Friday that parts of the crippled Fukushima Daiichi nuclear plant are so damaged and contaminated that it will be harder to bring the plant under control soon.
At the same time, Japanese officials began encouraging people to evacuate a larger swath of territory around the complex.
Speaking to a national audience at a news conference Friday night two weeks after the [...]
by Philip Taylor
Hereâ€™s a tip. Wall Street is in big trouble and it is NOT JUST Raj!Â This is about far more than ONE hedge-fundÂster in the $2 TRILLION INDUSTRY.Â It is more about trading onmaterial, nonpublic insider informatioÂn commonly passed around by the clubby elitists, so-called expert networks, of the financial world.Â Regulators are supposedly drawing a new line in the sand on acceptable practice on Wall Street.