War On Wealth: As Washington debates what to do about the fiscal cliff that it foolishly created, many potential sources of new revenue will be thrown on the table. One of them is likely to be 401(k) plans. Retirement is an American´s reasonable expectation. We put money into investment plans so that our work today funds our hard-earned leisure of tomorrow. But many in Washington see our investment accounts not as the expressions of well-planned, disciplined decisions but as untapped reservoirs of wealth they can drain to fix the problems that they caused. The tax protection that 401(k)s
Dominique Strauss-Kahn and the hotel housekeeper who accused him of sexually assaulting her last year have quietly reached an agreement to settle a lawsuit she brought against him stemming from the case, which made international headlines, people with knowledge of the matter said Thursday. The lawyers for Mr. Strauss-Kahn, 63, the former head of the International Monetary Fund, and the housekeeper, Nafissatou Diallo, who accused him of attacking her at a Midtown Manhattan hotel, are scheduled to appear next week before Justice Douglas E. McKeon in State Supreme Court in the Bronx, the people said.
In the most significant action Texas has taken against the property of convicted Fundamentalist Church of Latter-Day Saints leader Warren Jeffs since a Child Protective Services raid in 2008, the state filed papers Wednesday to seize the sect’s isolated ranch. In the most significant action Texas has taken against the property of convicted Fundamentalist Church of Latter-Day Saints leader Warren Jeffs since a Child Protective Services raid in 2008, the state filed papers Wednesday to seize the sect’s isolated ranch.
Earlier this week on The O´Reilly Factor, Bill O´Reilly and Charles Krauthammer came to the same -- and obvious -- conclusion as to why the Obama White House felt compelled to misrepresent the events at Benghazi on September 11. As O´Reilly noted, the administration hoped "to tamp the story down so it didn´t intrude on their narrative that the Obama administration had decimated al-Qaeda." "The real story would have gone against the narrative," Krauthammer agreed, adding, "I´m not saying that there was a deliberate conspiracy from day one, but as this story unfolded
BY CYNICAL tradition “abroad” is where American presidents go to seek a legacy, after their domestic agendas have stalled. This is especially true of second-term presidents. As they lose momentum at home, the temptation is to head overseas in search of crises that only American clout can resolve. At the outset of his second term, Barack Obama seems to be planning the opposite approach. Mr Obama and his team believe that his outstanding task is to secure a domestic legacy. Their fear is that foreign entanglements may threaten that goal. It may help that he secured something
I begrudge no one their right to organize and join a union if they so choose. But these poor schlubs are being led down a primrose path to unemployment if they think that a burger or pizza joint can stay in business long if the workers are earning $15 an hour.New York Times: Fast-food workers at several restaurants in New York walked off the job on Thursday, firing the first salvo in what workplace experts say is the biggest effort to unionize fast-food workers ever undertaken in the United States.
Hey, no bigs. It’s just a 100-year-old company and California’s only surviving cannery, a sustainable, family-owned operation employing 30 people. The Drakes Bay Oyster Company has been in a seven-year fight with the federal government and environmental groups over whether it’s 40-year lease would be renewed this week. The Lunny family, which owns the oyster farm, was among a group of families that sold their ranch lands to the National Parks Service in the 1970s to protect them from developers, with the understanding they would get 40-year-leases renewed in perpetuity. After buying and operating the oyster farm without incident—
The closed-door meetings this week between Sens. John McCain, Lindsey Graham, Kelly Ayotte and Susan Collins with U.N. Ambassador Susan Rice left some on Capitol Hill more disturbed than before and served as an example of just how far a woman will go to stand by her man. Not to mention the lengths to which liberals will look the other way. Although details of the terror attack on the U.S. consulate in Benghazi are few and far between, it’s still mind boggling there are those of the Kool-Aid-drinking Left who continue to propagate the falsehood
President Obama is hitting the hustings in a campaign-style push for tax increases, and his first stop is Pennsylvania — a battleground state with the kinds of Republicans who he thinks could be amenable to being swayed by grass-roots pressure. Since his re-election three weeks ago, Mr. Obama has stuck to his campaign message that raising taxes on high earners is the best way to reduce the nation’s soaring deficits and avoid veering off the so-called “fiscal cliff.” He has spent the past two weeks trying to drum up additional public support
The U.S. mission in Libya where a U.S. ambassador and three other Americans were killed in a terrorist attack lacked special security barriers that the State Department’s inspector general recommended three years ago for diplomatic facilities in danger zones, the top Republican on the Senate Homeland Security and Governmental Affairs Committee said Thursday. The State Department inspector general recommended in 2009 that U.S. diplomatic facilities in danger zones have special holding areas for visitors called “man traps,” but the U.S. consular facility in Benghazi did not have them, Sen. Susan M. Collins of Maine told reporters
U.S. Ambassador to the United Nations Susan E. Rice and her husband own modest stakes in companies that have until recently done business with Iran, prompting new questions from those opposed to her possible nomination as secretary of state. The companies are global conglomerates. At least some of them have stopped doing business with Iran in order to comply with international sanctions. “With respect to Iran, Ambassador Rice worked to impose the toughest U.N. sanctions regime ever on Iran for its continued failure to live up to its obligations,” said Rice’s spokeswoman, Erin Pelton.
Why are Republicans playing the Democrats’ game that the “fiscal cliff” is all about taxation? House Speaker John Boehner already made the preemptive concession of agreeing to raise revenue. But the insistence on doing so by eliminating deductions without raising marginal rates is now the subject of fierce Republican infighting. Where is the other part of President Obama’s vaunted “balanced approach”? Where are the spending cuts, both discretionary and entitlement: Medicare, Medicaid and now Obamacare (the health-care trio) and Social Security? Social Security is the easiest to solve. So you get a sense of the Democrats’ inclination to reform entitlements
President Obama offered Republicans a detailed plan Thursday for averting the year-end “fiscal cliff” that calls for $1.6 trillion in new taxes, $50 billion in fresh spending on the economy and an effective end to congressional control over the size of the national debt. The proposal, delivered to the Capitol by Treasury Secretary Timothy F. Geithner, mirrors previous White House deficit-reduction plans and satisfies Democrats’ demands that negotiations begin on terms dictated by the newly-reelected president. The offer lacks any concessions to Republicans
So now John Boehner is angry that the White House leaked a one-sided version of his latest conversation with President Obama to the press: Speaker John A. Boehner of Ohio and Republican leaders are fuming after a late night phone call with President Barack Obama was leaked to the press, despite an agreement that it would not be, according to several GOP aides. As if this should come as a surprise! It sounds as though Boehner and his aides are starting to get a clue: Republicans believe the president is more interested in raking them over the coals publicly than
Lost in all the speculation about the next secretary of state is the degree to which Foggy Bottom will need someone who can put the pieces back together. While Hillary Clinton coasted for much of her term on the good press that comes with being a Clinton, until the last couple of months she was having a decidedly average run as secretary of state. But the Benghazi debacle–which was in large part the result of Clinton’s incompetence and lack of attention–followed by the expected defection of most of our European allies at the UN vote on the Palestinians today
An electrician who faced foreclosure on his home won $1million from the Powerball lottery because his ticket matched five of the six numbers. Larry Chandler, 34, claimed his winnings on Thursday after buying his ticket at a gas station in his hometown of Highland. He said that among his big plans is a dinner date with his girlfriend at Red Lobster. ´It´s amazing. I´m just ecstatic. You know, I´ve never won anything in my life. This is pretty big,´ Mr Chandler said at the press conference in Indianapolis.
Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts.Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. “Nothing good is happening” in the negotiations, McConnell says, because of Obama’s insistence on tax rate hikes for the wealthy
Rights: The Senate is considering a treaty which says "disability is an evolving concept" and which would infringe on U.S. sovereignty and the right to raise our children as American families see fit. Those who thought that the Americans With Disabilities Act (ADA) adequately guaranteed the rights of the handicapped to have access to all facets of American life were apparently wrong. The U.S. Senate is considering ratifying the Convention on the Rights of Persons with Disabilities (CRPD), which President Obama signed in 2009 and which goes well beyond mandating wheel-chair ramps for
In an interview with one Republican and one Democratic House member, Chris Matthews probed to determine how close the lower chamber of Congress was close to agreeing on a resolution to the impending fiscal cliff. Matthews informed the Republican congressional representative that any deal which does not include an increase in income tax rates would be insufficient for Democrats, as well as voters who turned out to deliver President Barack Obama a second term. He said that Democrats “want to see the bite marks on your neck,” and know that Republicans “paid a price” for supporting the rich.
Uncritical, fear-mongering media propaganda is far too common to take note of each time it appears, but sometimes, what is produced is so ludicrous that its illustrative value should not be ignored. Such is the case with a highly trumpeted Associated Press "exclusive" from Tuesday which claims in its red headline to have discovered evidence of "Iran Working on Bomb". (Snip) It is a "graph" which AP says was "leaked" to it by "officials from a country critical of Iran´s atomic program to bolster their arguments that Iran´s nuclear program must be halted before it produces a weapon"
It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world´s population, would form a Regional Comprehensive Economic Partnership excluding the United States.
Classical explanations of conventional wars run something like this: An aggressor state seeks political advantage through military force. It has a hunch that the threatened target will likely either make concessions to avoid losing a war, or, if war breaks out, the resulting political gains will be worth the military costs to achieve victory. Wars then are prevented only by a balance of power and military deterrence: aggressors have to be warned that it would be stupid to start a war they will likely lose. If there are miscalculations or if emotions run high and logic is ignored,
KAILUA, OAHU - Residents living near the beachfront homes where President Barack Obama and First Family vacation with their friends every year since 2008 were alerted on Monday to some specifics of the Obamas´ holiday vacation plans. The report delivered to residents living along the ocean and canal that surrounds the multi-million dollar homes at Kailuana Place where the President stays, informed them of restrictions that will be implemented for 20 days beginning December 17 and running through January 6.
Ivy League educators overwhelmingly supported President Obama with their campaign donations in the presidential election, reinforcing the suspicions of critics who say their bias also shows up in the classroom. Some 96 percent of faculty and staffers at the eight universities who donated wrote their checks to Obama, and at Brown University, just one professor contributed to Mitt Romney´s bid, according to a study by student political advocacy group Campus Reform. In all, the employees of the prestigious schools sent more than $1.2 million to President Obama and just $114,166 for Romney’s campaign -- a ratio of more than 10-to-1.