Rick Santelli's Chicago Tea Party |
- Millionaire surtax: The go-to tax
- U.S. Stocks Gain on U.S. Economic Data
- State hopes to break car owners’ habit of changing oil too often
- Kids’ Leukemia Risk Tied to Dads’ Smoking
- NDAA Gives Pentagon Green Light to Wage Internet War
- Tea Party grassroots army readies for battle
- Gary Johnson:’I'm seriously thinking of running as a Libertarian’
| Millionaire surtax: The go-to tax Posted: 15 Dec 2011 02:28 PM PST By Jeanne Sahadi, CNN Money It looks like the millionaire surtax is going down again. Democrats have pushed for weeks to impose a millionaire surtax to help pay for the cost of extending the payroll tax cut. Republicans have said it would be a job-killer. On Wednesday night, with time running out before Congress adjourns for the year, it appeared that Democrats were ready to give up in the name of getting a deal done. A source told CNN that Senate Democrats would propose a new plan that did not include the tax. The demise of this version of the millionaire tax would not be a surprise. Lawmakers have already voted down a surtax of 5.6%, then 3.25% and most recently 1.9%. But the idea of taxing the rich will come up again and again next year, since themes of income inequality and tax fairness will be sounded repeatedly on the campaign trail. Payroll tax cut: What’s at stake Urban Institute resident fellow Howard Gleckman points out that an extra tax on millionaires may make for great politics but it would make for awful policy, although not for the reasons that many in the GOP suggest. To read more, visit: http://money.cnn.com/2011/12/14/news/economy/millionaire_surtax/ |
| U.S. Stocks Gain on U.S. Economic Data Posted: 15 Dec 2011 02:24 PM PST By Inyoung Hwang, Bloomberg.com U.S. stocks rose, snapping a three- day decline in the Standard & Poor's 500 Index (SPX), as data on jobless claims and manufacturing signaling a strengthening economy overshadowed concern over Europe's debt crisis. The S&P 500 climbed 0.3 percent to 1,215.90 at 4 p.m. New York time, according to preliminary closing data. The index pared an earlier rally of 1.1 percent as oil prices declined and financial companies trimmed gains. The gauge fell 3.5 percent over the previous three days. "The news on the U.S. front is surprisingly positive and provides some counterbalance to the uncertainty in Europe," Eric Teal, chief investment officer at First Citizens Bancshares Inc., which manages $4 billion in Raleigh, North Carolina, said in a telephone interview. "We're focusing increasingly on the domestic economy which looks to be on the recovery track." Eight out of the 10 groups (SPXL1) in the S&P 500 increased, with utilities, health-care and consumer staples advancing at least 0.9 percent. Tomorrow is the expiration of futures and options contracts on indexes and individual stocks, an event known as quadruple witching, which occurs once every three months. Global stocks extended gains this morning after Labor Department figures showed initial jobless claims fell by 19,000 to 366,000 last week, the fewest since May 2008. The median of 47 economists had projected 390,000, according to a Bloomberg News survey. Manufacturing Reports Two reports showed manufacturing in the New York and Philadelphia regions expanded more than forecast in December. The Federal Reserve Bank of New York's general economic index accelerated to the highest level in seven months, to 9.5 from 0.6 in November. Readings higher than zero signal expansion among companies in region, which covers New York, northern New Jersey and southern Connecticut. To read more, visit: http://www.bloomberg.com/news/2011-12-15/u-s-stock-futures-rise-before-new-york-philadelphia-manufacturing-data.html |
| State hopes to break car owners’ habit of changing oil too often Posted: 15 Dec 2011 02:20 PM PST By Jerry Hirsch, LATimes.com Many automobile owners are spending more than they need on motor oil, believing that it should be changed every 3,000 miles even though almost no manufacturer requires such an aggressive oil-change schedule. The long-held notion that the oil should be changed every 3,000 miles is so prevalent that California officials have launched a campaign to stop drivers from wasting millions of gallons of oil annually because they have their vehicles serviced too often. “Our survey data found that nearly half of California drivers are still changing their oil at 3,000 miles or even sooner,” said Mark Oldfield, a spokesman for the California Department of Resources, Recycling and Recovery, which has launched the Check Your Number campaign to encourage drivers to go with the manufacturer’s recommendations. Improvement in oils, friction proofing and car engines have lengthened the oil-change interval, typically 7,500 miles to 10,000 miles for most vehicles. Changing motor oil according to manufacturer specifications would reduce motor-oil demand in California by about 10 million gallons a year, the agency said. The state has created a website, checkyournumber.org, where drivers can look up the suggested motor-oil change interval number for their vehicles. The agency and other groups said slashing motor-oil consumption would be good for the environment and won’t hurt the longevity or reliability of autos. To read more, visit: http://www.latimes.com/business/la-fi-autos-oil-change-20111215,0,4554184.story |
| Kids’ Leukemia Risk Tied to Dads’ Smoking Posted: 15 Dec 2011 02:16 PM PST From: FOXNews.com Children whose fathers smoked have at least a 15 percent higher risk of developing the most common form of childhood cancer, a new Australian study finds. “Paternal smoking seems to be real” as a risk factor, said Patricia Buffler, a professor at the University of California, Berkeley, who was not involved in the current analysis. “The importance of tobacco exposure and children’s cancers has been overlooked until recently,” Buffler told Reuters Health. “So I think this paper is important” in adding to the growing body of evidence. The research team, led by Dr. Elizabeth Milne at the Telethon Institute for Child Health Research in Australia, surveyed the families of nearly 400 children with acute lymphoblastic leukemia (ALL). Although ALL is the most common childhood cancer, it is still rare, affecting about three to five children out of every 100,000, according to the National Cancer Institute. More than 1,000 kids die of the disease every year. The survey asked about the smoking habits of both parents. Milne and her colleagues compared these families to the families of more than 800 children of similar ages who did not have leukemia. To read more, visit: http://www.foxnews.com/health/2011/12/15/kids-leukemia-risk-tied-to-dads-smoking/ |
| NDAA Gives Pentagon Green Light to Wage Internet War Posted: 15 Dec 2011 12:21 PM PST By Kurt Nimmo, Infowars.com In addition to kidnapping Americans and tossing them into Camp Gitmo without recourse or trial, the draconian NDAA bill passed in the House yesterday contains language that will allow the Pentagon to wage cyberwar on domestic enemies of the state. The following language is in the final "reconciled" bill that will now travel to the Senate and ultimately Obama's desk where it will be signed into law despite earlier assertions that he would veto the legislation:
In July, the Pentagon released its cybersecurity plan. It declared the internet a domain of war but did not specify how the military would use it for offensive strikes. The report claimed that hostile parties "are working to exploit DOD unclassified and classified networks, and some foreign intelligence organizations have already acquired the capacity to disrupt elements of DOD's information infrastructure." In addition, according to the Pentagon, "non-state actors increasingly threaten to penetrate and disrupt DOD networks and systems." To read more, visit: http://www.infowars.com/ndaa-gives-pentagon-green-light-to-wage-internet-war/ |
| Tea Party grassroots army readies for battle Posted: 15 Dec 2011 12:17 PM PST
For insight into the conservative Tea Party movement’s battle plan in 2012, check out Joe Dugan’s Google spreadsheets. Dugan, 66, a retired manufacturing executive and chairman of the Myrtle Beach Tea Party, is particularly proud of the scoring system he’s devised for South Carolina legislators. Every vote by a member of the state’s House or Senate is recorded, with points awarded for those that reflect the conservative position. “Let’s say you get above a five, we’ll actively campaign for your reelection,” Dugan says. “Below a three, then – Republican or Democrat – we’ll come after you.” In 2010 the Myrtle Beach Tea Party backed 10 Republican candidates for state and local offices – from school board to governor. All ten won, including sitting Governor Nikki Haley, U.S. Senator Jim DeMint and Myrtle Beach freshman Congressman Tim Scott. This year, when South Carolina gained a seventh seat in the House of Representatives based on the 2010 U.S. Census, Dugan’s group successfully lobbied for the new district to be in their area and is now vetting candidates. To read more, visit: http://www.reuters.com/article/2011/12/15/us-special-report-tea-party-idUSTRE7BE0CX20111215 |
| Gary Johnson:’I'm seriously thinking of running as a Libertarian’ Posted: 15 Dec 2011 09:12 AM PST By Michele Kirk, BIZPAC Review BizPac Review asked Republican presidential candidate Gary Johnson how he feels about the lack of media coverage and Republican support he has experienced in his run for the presidential nomination. What does he plans to do about it? Watch the interview here: http://www.bizpacreview.com/index.cfm?fuseaction=news.details&ArticleId=58610&returnTo=news |
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