Rick Santelli's Chicago Tea Party |
- Vatican calls for global authority on economy, raps “idolatry of the market”
- What’s A Flat Tax?
- Adobe Fixes Flash Privacy Panel so Hackers Can’t Check You Out
- Corn Industry: ‘Corn Sugar’ Suit Stifles Speech
- Tea Party Nation poll shows 52 percent will vote for Romney if he is GOP nominee
- Tea party airs TV ad in Northern Virginia targeting Senate Democrats
- Does Sex Ed Undermine Parental Rights?
- Merrill Lynch Warns of Another U.S. Debt Downgrade
| Vatican calls for global authority on economy, raps “idolatry of the market” Posted: 24 Oct 2011 02:43 PM PDT By Philip Pullella, Reuters.com The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican's Justice and Peace department should please the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn. "Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority," was at times very specific, calling, for example, for taxation measures on financial transactions. "The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence," it said. It condemned what it called "the idolatry of the market" as well as a "neo-liberal thinking" that it said looked exclusively at technical solutions to economic problems. "In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale," it said, adding that world economics needed an "ethic of solidarity" among rich and poor nations. "If no solutions are found to the various forms of injustice, the negative effects that will follow on the social, political and economic level will be destined to create a climate of growing hostility and even violence, and ultimately undermine the very foundations of democratic institutions, even the ones considered most solid," it said. It called for the establishment of "a supranational authority" with worldwide scope and "universal jurisdiction" to guide economic policies and decisions. Asked at a news conference if the document could become a manifesto for the movement of the "indignant ones", who have criticised global economic policies, Cardinal Peter Turkson, head of the Vatican's Justice and Peace department, said: "The people on Wall Street need to sit down and go through a process of discernment and see whether their role managing the finances of the world is actually serving the interests of humanity and the common good. "We are calling for all these bodies and organisations to sit down and do a little bit of re-thinking." To read more, visit: http://www.reuters.com/article/2011/10/24/idUS264245887020111024 |
| Posted: 24 Oct 2011 02:39 PM PDT By: Jeanne Sahadi, ClickOnDetroit.com NEW YORK (CNNMoney) — Step aside 9-9-9. A new flat tax proposal is coming to town. On Tuesday, Republican presidential candidate Rick Perry will propose an economic growth package that includes a flat tax. “It starts with scrapping the three million words of the current tax code, and starting over with something much simpler: a flat tax,” Perry said last week. Perry’s not alone. In an email to supporters on Sunday another GOP presidential hopeful — Newt Gingrich — said he would propose an “optional flat tax.” So what’s a flat tax exactly? Typically it’s proposed as a replacement for the income tax. One tax rate: What makes a flat-tax system “flat” is that there is only one tax rate, whereas today’s system has a series of rates. To read more, visit: http://www.clickondetroit.com/money/29569955/detail.html |
| Adobe Fixes Flash Privacy Panel so Hackers Can’t Check You Out Posted: 24 Oct 2011 02:34 PM PDT By Sean Gallagher, WebMonkey.com Adobe has made changes to a page on an Adobe website that controls Flash user's security settings—or more specifically, to the Flash .SWF file embedded in the page that opens the Flash website privacy settings panel. The changes are intended to prevent a clickjacking attack that uses the file to activate and access users' webcams and microphones to spy on them. The change comes a few days after a Stanford student revealed the vulnerability on his website. Feross Aboukhadijeh posted the exploit, along with a demo and a video demonstration, on October 18. He said in a blog post that he had notified Adobe weeks earlier of the problem, reporting the vulnerability to Adobe through the Stanford Security lab. Through a series of clicks, the exploit was able to clear the privacy settings for Flash's web camera controls and then authorize a new site to activate and access the camera video.The changes did not prompt any pop-ups or other user notifications. While my test of the exploit still added feross.com to my list of sites in the privacy panel, it was only successfully added with an "always ask" setting for establishing a video link. To read more, visit: http://www.webmonkey.com/2011/10/adobe-fixes-flash-privacy-panel-so-hackers-cant-check-you-out/ |
| Corn Industry: ‘Corn Sugar’ Suit Stifles Speech Posted: 24 Oct 2011 02:29 PM PDT From: FOXNews.com Sugar makers should compete in the marketplace instead of the courtroom over the use of the term “corn sugar,” a representative for the corn industry said Sunday. A federal judge ruled Friday that a lawsuit can go forward as the sugar industry seeks to stop the use of the term “corn sugar” for high fructose corn syrup. Audrae Erickson, president of the Corn Refiners Association, accused sugar makers of “attempting to shut down free speech.” Erickson praised the judge for granting a defense motion to drop individual corn companies as defendants, leaving only the trade association, and dismissing a part of the lawsuit claiming that the corn industry violated California law in addition to federal regulations. Adam Fox, a sugar industry lawyer who brought the suit, said the judge’s decision was “very encouraging to us.” U.S. District Judge Consuelo B. Marshall issued the ruling Friday in Los Angeles, allowing the false advertising suit brought by plaintiffs that include the Western Sugar Cooperative against the CRA to go forward. To read more, visit: http://www.foxnews.com/health/2011/10/24/corn-industry-corn-sugar-suit-stifles-speech/ |
| Tea Party Nation poll shows 52 percent will vote for Romney if he is GOP nominee Posted: 24 Oct 2011 02:24 PM PDT By Alicia M. Cohn, TheHill.com Most self-affiliated members of Tea Party Nation, one of the largest national organizations for the grassroots conservative movement, would vote for Mitt Romney as president if confronted with a choice between him or President Obama, according to a poll of members released to The Hill on Friday. The group surveyed its members this week in an informal poll posted at the group's website. The question asked was: If Romney is the GOP nominee, what will you do in the general election? Fifty-two percent of about 1,150 respondents said they would "hold their nose" and vote for Romney if he becomes the GOP nominee, while 23 percent said they would vote for an unspecified third-party candidate. Twelve percent said they would not vote in the presidential election at all if the choice is between Romney and Obama. Twelve percent of those polled said they would "vote enthusiastically" for Romney. The unscientific results underscore a general lack of enthusiasm for Romney from the conservative wing of the Republican party, but also contrast with a poll taken by the same group in August. In that survey, 45 percent of 1,700 members answered ‘no’ when asked, “If Romney is the nominee, will you vote for him in the General Election?” "Romney has a huge problem and this flies straight into the face of the idea that he is the most electable candidate," said Tea Party Nation founder Judson Phillips. "If he is nominated, he will face the same situation [Arizona Sen. John] McCain did in 2008 where conservatives are going to stay home." To read more, visit: http://thehill.com/blogs/blog-briefing-room/news/189117-tea-party-nation-poll-52-percent-will-vote-for-romney-if-he-is-gop-nominee |
| Tea party airs TV ad in Northern Virginia targeting Senate Democrats Posted: 24 Oct 2011 02:19 PM PDT By Anita Kumar, WashingtonPost.com The Virginia Tea Party Alliance's political action committee will begin airing a TV ad Monday targeting Senate Democratic candidates in vote-rich Northern Virginia. The ad ties seven Democrats to President Barack Obama, accusing them of supporting "Obamacare," "in-state tuition for illegals" and more programs, regulations and taxes. "Say no to Obama. Say no to the Virginia Obama Democrats,'' the narrator says. It praises tea party favorite Attorney General Ken Cuccinelli (R) of standing up to Obama's "radical leftist agenda" and singles out six Democratic senators — Sen. George Barker (Fairfax), Toddy Puller (Fairfax), Mark Herring (Loudoun), Chap Petersen (Fairfax), Charles Colgan (Prince William) — and two candidates — Barbara Favola in Arlington County and Shawn Mitchell in Prince William and Loudoun counties. "Each of these candidates has promoted and endorsed President Obama's policies in the Virginia state Senate," said Karen Miner Hurd, executive director for the alliance. "The implementation of programs like Obamacare would be devastating to Virginia's budget and our economy. They need to be held accountable for their support of the president's destructive policies like Obamacare and extreme environmental regulation by the EPA." It is the tea party's first TV buy in Virginia, though it has run radio ads in three senate districts — those held by Democratic Sens. Ralph Northam (Norfolk), Roscoe Reynold (Franklin) and Phillip Puckett (Russell). In September, the alliance announced it would target seven "left-wing" Democrats as the group hopes to help Republicans take back control of the Senate. To read more, visit: http://www.washingtonpost.com/blogs/virginia-politics/post/tea-party-airs-tv-ad-in-northern-virginia-targeting-senate-democrats/2011/10/23/gIQAuoUNCM_blog.html |
| Does Sex Ed Undermine Parental Rights? Posted: 24 Oct 2011 02:13 PM PDT By ROBERT P. GEORGE and MELISSA MOSCHELLA, NYTimes.com IMAGINE you have a 10- or 11-year-old child, just entering a public middle school. How would you feel if, as part of a class ostensibly about the risk of sexually transmitted diseases, he and his classmates were given "risk cards" that graphically named a variety of solitary and mutual sex acts? Or if, in another lesson, he was encouraged to disregard what you told him about sex, and to rely instead on teachers and health clinic staff members? That prospect would horrify most parents. But such lessons are part of a middle-school curriculum that Dennis M. Walcott, the New York City schools chancellor, has recommended for his system's newly mandated sex-education classes. There is a parental "opt out," but it is very limited, covering classes on contraception and birth control. Observers can quarrel about the extent to which what is being mandated is an effect, or a contributing cause, of the sexualization of children in our society at younger ages. But no one can plausibly claim that teaching middle-schoolers about mutual masturbation is "neutral" between competing views of morality; the idea of "value free" sex education was exploded as a myth long ago. The effect of such lessons is as much to promote a certain sexual ideology among the young as it is to protect their health. But beyond rival moral visions, the new policy raises a deeper issue: Should the government force parents — at least those not rich enough to afford private schooling — to send their children to classes that may contradict their moral and religious values on matters of intimacy and personal conduct? Liberals and conservatives alike should say no. Such policies violate parents' rights, whether they are Muslim, Jewish, Christian, Hindu, Buddhist or of no religion at all. To see why, we need to think carefully about the parent-child relationship that gives rise to the duties that parental rights serve and protect. Parents are responsible for bringing new people into the world, bound to them by blood and, ordinarily, deep feeling. These people are incapable of developing their uniquely human capacities on their own, giving parents an obligation to their children and to society to help them reach maturity — one that requires attending not only to children's physical and emotional needs, but their intellectual and moral growth as well. To read more, visit: http://www.nytimes.com/2011/10/19/opinion/does-sex-ed-undermine-parental-rights.html?_r=2&adxnnl=1&adxnnlx=1319472231-eOAyBb4EsVPQvVpHUfGgtA |
| Merrill Lynch Warns of Another U.S. Debt Downgrade Posted: 24 Oct 2011 10:54 AM PDT
The United States is in for another credit downgrade by year's end if Congress fails to agree on a long-term plan to tame the nation's $14.8 trillion debt, Merrill Lynch warned. In a research note, the Bank of America unit predicts that either Moody's or Fitch will move to downgrade the U.S. AAA rating. Standard & Poor's cut the nation's bond rating in August, causing the stock and bond markets to swoon, after months of bickering by Congress on how to best reduce spending and cut the deficit. The United States spends about 40 percent more annually than it collects in taxes. "The credit rating agencies have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan" to cut the deficit, Merrill's North American economist, Ethan Harris, wrote in the Friday report. "Hence, we expect at least one credit downgrade in late November or early December when the super committee crashes." Instead of agreeing on spending cuts or new taxes, Congress and the president appointed a bipartisan "super committee" to reach a deal to reduce the U.S. deficit by at least $1.2 trillion by Nov. 23. If there's no deal, automatic across-the-board cuts mostly in discretionary spending would occur. Congress would be free to stop any or all of those reductions, if it chooses and the president agrees. Moody's Investors Service hasn't said what it will do if there's no deal, but it has placed U.S. credit under review for a possible downgrade. "It's not that we're waiting just for this committee to decide on the rating," Steven Hess, Moody's lead analyst for the United States, told Reuters last week. Failure to come up with a deal "would be negative information but it is not decisive in our view about the rating." To read more, visit: http://abcnews.go.com/blogs/business/2011/10/merrill-lynch-warns-of-another-u-s-debt-downgrade/ |
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