Rick Santelli's Chicago Tea Party |
- Wall Street Employees Expect Smaller Bonuses
- Top Republican sees possible compromise on corporate taxes
- Computer Virus Hits U.S. Drone Fleet
- New CA law lets 12-year-olds consent to preventive care for STDs
- Tea party turns attention to congressional races
- 51% Don’t Want Second Term For President Obama
- California bans use of tanning beds by minors
| Wall Street Employees Expect Smaller Bonuses Posted: 10 Oct 2011 08:17 AM PDT
More Wall Street finance professionals expect bonuses to fall than rise over the next three years, according to an eFinancialCareers.com survey. About 80 percent of the 1,098 people who responded to the e-mailed query in the U.S. said they don't expect bigger bonuses for the industry over the next three years, with 46 percent expecting them to shrink, the job-search website said in a statement today. About 41 percent said their own bonus will climb this year, while 30 percent expect less, the survey found. About half of respondents from hedge funds and boutique banks expected a bigger bonus than last year, while 36 percent of their counterparts at commercial and so-called bulge-bracket banks expected an increase, compared with 38 percent anticipating a smaller package. Analysts including Rochdale Securities LLC's Richard Bove have predicted lower pay at the biggest U.S. lenders as trading revenue is estimated to have fallen for the second straight quarter. "Even amid an atmosphere of slower recruitment activity and targeted layoffs, Wall Street will continue to be a pay-for- performance culture," Constance Melrose, managing director of eFinancialCareers North America, said in the statement. "Firms need to be resolute in taking care of their best-in-class employees, as they will always have opportunities to make a career move if they feel disenchanted." To read more, visit: http://www.bloomberg.com/news/2011-10-10/wall-street-employees-expect-bonuses-will-shrink-survey-shows.html |
| Top Republican sees possible compromise on corporate taxes Posted: 10 Oct 2011 08:13 AM PDT
WASHINGTON — A leading Republican on fiscal and economic issues said Sunday that, in the midst of rampant disagreement in Washington about how best to turn around the faltering economy, he thinks the White House, Democrats, and his party may be able to reach a compromise on corporate tax rates. Appearing on NBC’s “Meet the Press,” House Budget Chairman Paul Ryan, R-Wisconsin, noted that in a recent speech President Obama spotlighted business tax reform and passage of trade agreements as two areas where agreement might be reached and legislative action could be taken soon. “Great,” he said. “We agree with those. Let’s do those. We’re bringing these trade agreements up next week in the House. I think we’ll pass these things.” “What about business tax reform?” Ryan said. “I don’t think the president seems to be willing to work with us on individual tax reform but on business tax reform.” Ryan added that he believes an agreement on lowering the corporate tax rate is possible and that the work on the bipartisan debt “super committee” presents an avenue for an agreement to be reached. “I think the super committee should do that. I think they have the wherewithal to do that. And I really do believe that that will help us create jobs,” the Republican lawmaker said. Ryan added that the United States has higher corporate tax rates than other countries. “And we’re losing as a result of it,” he said. To read more, visit: http://www.cnn.com/2011/10/09/politics/economy-compromise/ |
| Computer Virus Hits U.S. Drone Fleet Posted: 10 Oct 2011 08:07 AM PDT By Noah Shachtman, Wired.com A computer virus has infected the cockpits of America's Predator and Reaper drones, logging pilots' every keystroke as they remotely fly missions over Afghanistan and other warzones. The virus, first detected nearly two weeks ago by the military's Host-Based Security System, has not prevented pilots at Creech Air Force Base in Nevada from flying their missions overseas. Nor have there been any confirmed incidents of classified information being lost or sent to an outside source. But the virus has resisted multiple efforts to remove it from Creech's computers, network security specialists say. And the infection underscores the ongoing security risks in what has become the U.S. military's most important weapons system. "We keep wiping it off, and it keeps coming back," says a source familiar with the network infection, one of three that told Danger Room about the virus. "We think it's benign. But we just don't know." Military network security specialists aren't sure whether the virus and its so-called "keylogger" payload were introduced intentionally or by accident; it may be a common piece of malware that just happened to make its way into these sensitive networks. The specialists don't know exactly how far the virus has spread. But they're sure that the infection has hit both classified and unclassified machines at Creech. That raises the possibility, at least, that secret data may have been captured by the keylogger, and then transmitted over the public internet to someone outside the military chain of command. To read more, visit: http://www.wired.com/dangerroom/2011/10/virus-hits-drone-fleet/ |
| New CA law lets 12-year-olds consent to preventive care for STDs Posted: 10 Oct 2011 08:04 AM PDT
California Gov. Jerry Brown stepped into the middle of a debate over parental rights Sunday by signing legislation giving children 12 or older the power to consent to medical care involving the prevention of sexually transmitted disease. Asssemblywoman Toni Atkins (D-San Diego) sponsored AB 499 with the aim of providing young people with timely preventative treatment, including the human papillomavirus [HPV] vaccine that proponents say can reduce the risk of certain cancers, precancerous cervical cell changes and genital warts. The measure was backed by groups including the California STD Controllers Assn., the Health Officers Assn. of California, ACT for Women and Girls and the American Civil Liberties Union. To read more, visit: http://latimesblogs.latimes.com/california-politics/2011/10/gov-the-governor-also-signed-a-measure-allowing-minors-who-are-12-years-of-age-or-older-to-consent-without-their-parents-kn.html |
| Tea party turns attention to congressional races Posted: 10 Oct 2011 08:00 AM PDT
WASHINGTON — With their favored candidates for the 2012 Republican presidential nomination lagging or out of the race, many tea party activists are shifting focus to the struggle for control of the U.S. Senate. The fizz has gone out of the presidential contest for some supporters of the fiscally conservative movement after former Alaska Gov. Sarah Palin’s announcement that she is not running and Minnesota Rep. Michele Bachmann’s trouble in the polls. “No one is going to get perfection in a general election candidate. That is why we think the Senate is a better place to focus,” said Matt Kibbe, president and chief executive of FreedomWorks, a tea party group. In the 2010 midterm elections, tea party opposition to President Barack Obama’s policies played a big role in slashing the Democrats’ majority in the 100-member Senate to six seats and eliminating their majority in the House of Representatives. With 23 of the 33 Senate seats up for grabs next year now held by Democrats and a wave of dissatisfaction with incumbents, tea party activists said they expect more Republican gains in 2012. “We’ll maintain the House without a problem. We absolutely have to take back the Senate and focus on that and not let presidential politics consume all of our time and energy,” said Amy Kremer, chairwoman of the California-based Tea Party Express political action committee. To read more, visit: http://www.chicagotribune.com/site/newspaper/news/sc-nw-1010-tea-party-20111010,0,4646090.story |
| 51% Don’t Want Second Term For President Obama Posted: 10 Oct 2011 07:52 AM PDT By ED CARSON, INVESTOR’S BUSINESS DAILY A majority of Americans now oppose giving President Obama a second term, reflecting the country’s continued weak economic performance, according to the latest IBD/TIPP survey released Monday. By 51%-41%, respondents in October picked “someone new deserves a chance” over Obama “deserves to be re-elected.” Among independents, it was 54%-36%. Back in September, the readings were 50%-44% and 53%-38%, respectively. Americans are frustrated over the continued sluggish economy, says Raghavan Mayur, president of TechnoMetrica Market Intelligence, which conducted the poll. As Vice President Joe Biden recently admitted, after nearly three years in power, the Obama administration owns the economy. The U.S. added 103,000 jobs last month, the Labor Department reported Friday. That was far better than expected, but not enough to keep pace with population growth. Excluding the impact of a short-lived Verizon (VZ) strike, the U.S. added just 58,000 jobs. To read more, visit: http://www.investors.com/NewsAndAnalysis/Article/587521/201110100805/51-Dont-Want-Second-Term-For-President-Obama.htm |
| California bans use of tanning beds by minors Posted: 10 Oct 2011 07:48 AM PDT By Reuters Minors in the state of California will no longer be allowed to use tanning beds after Governor Jerry Brown signed a bill on Sunday prohibiting anyone under the age of 18 from using ultraviolet tanning devices. California is the first state in the nation to ban minors from using tanning beds, legislators said. Previously, California had banned minors under the age of 14 from using tanning beds, but allowed those between 14 and 18 years of age to use tanning beds with parental consent. The bill was part of a cluster of legislation signed on Sunday designed to “improve the health and well-being of Calfornians,” according to a statement from the Governor’s office. “I praise Gov. Brown for his courage in taking this much-needed step to protect some of California’s most vulnerable residents — our kids — from what the ‘House of Medicine’ has conclusively shown is lethally dangerous: ultraviolet-emitting radiation from tanning beds,” the bill’s sponsor, state Senator Ted Lieu, said in a statement. To read more, visit: http://www.reuters.com/article/2011/10/09/us-california-tanning-idUSTRE7982DJ20111009 |
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