The markets soared in the first trading session of the year as Wall Street traders breathed a collective sigh of relief that lawmakers finally passed legislation to avert the fiscal cliff. As of 9:32 a.m. ET, the Dow Jones Industrial Average surged 192 points, or 1.5%, to 13294, the S&P 500 soared 22.6 points, or 1.6%, to 1449 and the Nasdaq Composite rallied 75 points, or 2.5%, to 3095. After months of political sparring on Capitol Hill, lawmakers finally passed a budget bill Tuesday. The move came after essentially 24-straight hours of wrangling in both chambers of Congress
HELENA, Mont. - A sharply divided Montana Supreme Court has ruled that forcing a Hutterite religious colony to pay workers´ compensation insurance for jobs outside the commune is not an unconstitutional intrusion into religion. The 4-3 decision upholds a 2009 law requiring religious organizations to carry workers´ compensation insurance, which the Legislature passed after businesses complained they could not outbid the religious workers. The Big Sky Colony of Hutterites in northwestern Montana sued, saying the law targeted its religion and infringed on its beliefs. Its members have no personal property and make no wages
Michael Bennet was supposed to be going off a cliff in Vail. But instead of his usual New Year’s trip to a ski lodge with his wife and three daughters, the junior senator from Colorado found himself in a strange, unfamiliar place in the middle of the night: breaking with the president and his party to become one of only three Democratic senators and eight senators total to vote against President Obama’s fiscal deal. “I was a little surprised that the margin of the vote was so big,” said a weary Senator Bennet,
I LIVED for 24 years in New Delhi, a city where sexual harassment is as regular as mealtime. Every day, somewhere in the city, it crosses the line into rape. As a teenager, I learned to protect myself. I never stood alone if I could help it, and I walked quickly, crossing my arms over my chest, refusing to make eye contact or smile. I cleaved through crowds shoulder-first, and avoided leaving the house after dark except in a private car. At an age when young women elsewhere were experimenting with daring new
The Journal News of West Nyack, N.Y., has hired armed security guards to defend its offices after receiving a torrent of phone calls and emails responding to the paper´s publication of the names and addresses of area residents with pistol permits. RGA Investigations, a private security company, "is doing private security at on location at the Journal News as a result of the negative response to the article," according to a police report first obtained by the Rockland County Times (Nanuet, N.Y.) and shared with POLITICO.
As part of the fiscal cliff deal reached by Congressional leaders and Vice President Joe Biden last night, the so-called CLASS Act – an integral component of Obamacare – will be repealed. CLASS Act – the Community Living Assistance Services and Supports Act -- is a new long-term entitlement program that even Democrats recognized was completely unsustainable It would pay $50 per day for long-term care services for anyone who had paid into the system for five years. In order for the program to work, people would probably have to pay $3,000 per month into the system.
American Majority Action spokesman Ron Meyer told Breitbart News late Tuesday that enough House Republicans have banded together in an effort to unseat House Speaker John Boehner from his position--they just need a leader to take up the mantle. “At least 20 House Republican members have gotten together, discussed this and want to unseat Speaker Boehner--(snip) Meyer said the conservatives have considered House Majority Leader Eric Cantor (R-VA) to take the helm after Boehner is knocked out. Author's name corrected by staff
Never mind the "fiscal cliff." America went bankrupt, technically, at midnight on December 31, 2012. We hit the debt ceiling of $16.394 trillion. Yet the U.S. government needs to borrow more money than is legally allowed. (snip) "What would you cut?" candidates are asked. This is a trap. Attack journalists twist whatever a candidate answers into a scandal of heartless cruelty.
In 2013, conservatives can offer no greater tribute of respect to our Founding Fathers and our fellow citizens than to resolve, from this day forward, to relentlessly expose, ridicule, deride, mock and publicly shame arrogant progressives in a manner that, for the first time in our adult lifetimes, communicates this one undeniable founding truth: America was never supposed to be this way. The progressive left´s ultimate weapon of choice in emasculating America´s strength has clearly and undeniably been outed as radical debt accumulation.
Head injuries are no joke, but the backlash against those who initially questioned whether Hillary Clinton’s concussion was for real seems like an overreaction, too; you don’t have to be hateful to have wondered if she really had the flu and fell down right before she was supposed to testify about the security situation at our consulate that was really just a house in Benghazi, Libya, where four Americans were killed by terrorists in September. After all, public officials are routinely less than forthcoming about their health,
Texas Republican House members just said no to the bipartisan deal to pull the nation back from the “fiscal cliff.” While both Texas senators — Republicans Kay Bailey Hutchison and John Cornyn — joined 87 other colleagues in an overwhelming bipartisan vote of 257 to 167 to make the Bush-era tax cuts permanent for about 99 percent of Americans, the state’s delegation to the House of Representatives opposed the deal in a vote late on New Year’s night. All nine Texas Democrats joined the 90 percent of House Democrats favoring the deal, which passed comfortably.
Two teenagers were shot and seriously wounded this afternoon in the Humboldt Park neighborhood, among at least 15 people shot since midnight Monday, three of them fatally, authorities said. Paramedics were called about 4:30 p.m. to the 2600 block of West Chicago Avenue for two people who’d been shot, according to Chicago Fire Department spokesman Larry Langford. They were both taken in serious to critical condition to John H. Stroger Jr. Hospital of Cook County, said Langford. Police News Affairs Officer Veejay Zala said the victims, both males in their teens, were shot in the chest
Last night’s vulgar stunt by somebody named Kathy Griffin, performed on somebody named Anderson Cooper in the course of “covering” the happens-every-year ball drop at Times Square for CNN, should rightly mark the end of the network as a serious news outlet. (You can watch it here.) No one should be surprised. CNN and indeed much of American journalism, has been heading this way since advent of the Snark Generation — Harvard-educated princelings who, having failed to land a writing job on The Simpsons, took their tiny little sacks
The Senate passed a deal to address the so-called "fiscal cliff" 90 minutes after the midnight deadline by a vote of 89 to 8. The bill then moved to the House of Representatives, which passed the measure 257-167 late Tuesday night. In addition to the tax changes, the Senate and House agreed to a two-month delay in addressing $110 billion in government spending cuts (aka the "sequester"), which were due to go into effect Jan. 2. Some government agencies had already made arrangements to comply with the cuts, not knowing whether or not a deal would occur.
Obama won re-election by selling the idea that he was the champion of the middle class. Now he is forcing them into poverty and driving them from their homes. That is the effect of new taxes going into effect on Jan. 1, regardless of how negotiations on the fiscal cliff turn out (unless, as seems unlikely, Congress decides to extend all of the Bush tax cuts to everyone). The new marginal rates on dividends and interest (43.4%) and capital gains (20%, or 23.8% including the ObamaCare surcharge for high earners) will be devastating for the middle class.
Washington -- In a move that surprised many lawmakers and angered others, House Republican leaders wrapped up this session of Congress Tuesday night without voting on a package that would have provided billions of dollars in aid to victims of Superstorm Sandy. The Senate passed the $60.4 billion measure last week, and senators from New York had called on the House to take it up promptly. But because the House failed to act and a new Congress will be sworn in Thursday, the entire legislative process will have to start over -- delaying the package from disbursing money to affected states.
SEPULVEDA PASS — A paparazzo was fatally struck by a car after taking photos of Justin Bieber’s white Ferrari during a traffic stop Tuesday, according to the Los Angeles Police Department.Shortly before 6 p.m., California Highway Patrol officers had pulled over the Ferrari for allegedly speeding on the 405 Freeway near the Getty Center. The 18-year-old Canadian singer was not in the vehicle during the traffic stop,
President Obama got the best of both worlds with the passage of the deal to prevent the country going over the fiscal cliff. He got the massive tax hike on wealthier Americans that he wanted and paid for it with no spending cuts. Though he acted throughout the crisis as if he might prefer the political advantage that he would gain by a Republican refusal to pass these measures, the avoidance of the cliff prevents the economy from going into a tailspin that would blight his second term.
Barter is as old as human history. According to a story in the Wall Steet Journal, it is yet practiced as a facet of the 21st century global economy. Germany, for example, “sends coal to Brazil for coffee, and imports cattle from Denmark in return for agricultural implements. Finland sends timber to the U.K. for coal. Argentina trades grain to Spain for railway equipment.” And so on. Farmers markets and yard sales are certainly popular in small town America. Every summer weekend in Texas features some 200 towns with farmers markets. Here in Salmon, Idaho, three summertime produce markets
House Speaker John Boehner twice told Senate Majority Leader Harry Reid to ´go f**k´ himself last Friday after a meeting at the White House on a budget compromise to avert the fiscal cliff. Standing in the White House lobby not far from the Oval Office, Boehner pointed his finger at Reid and sneered, ´Go f**k yourself,´ Politico reported, citing multiple sources present. Reid replied: ´What are you talking about?´ Boehner repeated: ´Go f**k yourself.´ The shrewd exchange from last Friday reveals how the grueling fight over the debt ceiling, spending cuts and tax increases pervaded politics
If your New Year’s resolution is to live a healthier life, it might be best to ditch that diet and enjoy another helping of festive leftovers. For a bit of extra weight could actually help you live longer, according to extensive research. Men and women who are slightly plump have longer lives than those who are slimmer, it found. Analysis of the results of almost 100 studies revealed that those who were of normal weight – a usual barometer of health – were likely to die sooner than those who were slightly overweight. However, those who were any bigger than this
Congress last night finally passed a deal to avoid the so-called fiscal cliff, as critics attacked the Republican party for giving in and allowing tax hikes on wealthy Americans in return for minimal spending cuts. President Obama was in a triumphant mood as he addressed the nation after the vote on Capitol Hill, even winking at photographers before flying back to Hawaii to resume his vacation. Republicans have been accused of surrendering in the deal, which won´t raise taxes for the middle class, but will increase rates for Americans making more than $400,000 for individuals and $450,000 for couples.
House Speaker John Boehner couldn’t hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday. It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a “dictatorship” in the House and caring more about holding onto his gavel than striking a deal. “Go f— yourself,” Boehner sniped as he pointed his finger at Reid, according to multiple sources present. Reid, a bit startled, replied: “What are you talking about?”
Here’s a New Year resolution to make 2013--and every year after--happier and more financially secure than it would otherwise be, despite the worrying and insecure economic outlook. Pay down debt ahead of time and avoid wasting thousands of pounds in unnecessary interest costs. This not only reduces your exposure to the risk of unexpected setbacks--like redundancy* or rising interest rates--but will provide the highest risk-free, tax-free return on your money available anywhere. The future interest costs avoided--and, thus, the extra cash you can spend on whatever you like--will be much greater than the returns you could achieve on any risk-free
Senate Minority Leader Mitch McConnell, R-Ky., negotiated a fiscal cliff deal with Vice President Joe Biden after talks between President Obama and House Republicans stalled, but the White House portrays Obama as the hero. “At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the White House fact sheet says. But this deal was hammered out by McConnell and Biden. “I need a dance partner,” McConnell said, because Senate Majority Leader Harry Reid, D-Nev., refused to negotiate.
While Democrats frantically try to block Scott Brown from going back to the U.S. Senate, there are also increasing fears he could pose an even bigger threat as the next Massachusetts governor. Republicans close to the departing U.S. senator said he’s itching to go back to Washington to replace John Kerry, but Democrats are buzzing more about a potential Brown gubernatorial campaign in 2014. It may be tempting for Brown to run in a special election against a vulnerable Rep. Edward J. Markey, but he should reject the easy play