Markets rally after US 'fiscal cliff'...

Markets rally after US 'fiscal cliff' deal

There are 241 comments on the story from Jan 2, 2013, titled Markets rally after US 'fiscal cliff' deal. In it, reports that:

House Majority Leader Eric Cantor, R-Va., center, leaves a second Republican caucus meeting to discuss the "fiscal cliff" bill passed by the Senate Monday night_and now awaits a vote in the GOP-controlled House_ at the Capitol in Washington on Tuesday, Jan.

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San Francisco, CA

#213 Mar 3, 2013
Axelrod: Obama wants tax increases to provide political cover for entitlement cuts
March 3, 2013 | 3:45 pm | Modified: March 3, 2013 at 3:55 pm

Two veterans of the Obama White House acknowledged that tax increases won’t resolve the nation’s fiscal crisis, but explained that the hikes provide political cover enabling Democrats to vote for entitlement reform.

David Axelrod, Obama’s top campaign strategist in 2008 and 2012, acknowledged that tax increases can’t stabilize the entitlement programs.

“No one is saying that,” Axelrod argued during a Friday appearance on Morning Joe.“What we’re saying is that if you’re going to ask Democrats to vote for entitlement reform, then that you have to at the same time have revenue increases on the other side of the equation in order to move forward.”

Former White House domestic policy advisor Melody Barnes concurred.“You’ve got to link arms and jump ship together,” she said.

In other words, Democrats know that entitlement spending needs to be cut, but they also know that the reforms might anger their political base. So, they’re unwilling to cut spending unless Republicans agree to tax increases which have the political significance of angering the conservative base."


San Francisco, CA

#214 Mar 4, 2013
Why the poor will get slammed by the sequester. “[T]he sequestration cuts, as they are called, still contain billions of dollars in mandatory budget reductions in programs that help low-income Americans, including one that gives vouchers for housing to the poor and disabled and another that provides fortified baby formula to the children of poor women.” Annie Lowrey in The New York Times.

San Francisco, CA

#215 Mar 4, 2013
"@PIMCO: Gross: Sequester is small stuff: don’t sweat it. Big stuff is the “continuing resolution” and of course continuing dysfunction of govt."
reasoning with fools

Coffeyville, KS

#216 Mar 4, 2013
The fact that we can give millons to the Muslim Brotherhood in Eygpt and yet when I go to get LIEP assistance for my mother, who lives on SS, we are notified that federal spending for the program has been cut and now must go through a third party and on the same day she received a letter from Meals on Wheels asking for an increase in "donation" that they ask for because federal funding for Meals on Wheels for SR's has also been cut, just goes to prove that as usual Obama cares more about Muslims than he does the SR's in this country. Pathetic!!!

San Francisco, CA

#217 Mar 4, 2013

US aid to Egypt must continue despite unrest, says John Kerry
Future secretary of state, John Kerry, says ending US aid to Egypt could provoke further 'chaos' in the strife-ridden country
Ahram Online, Thursday 31 Jan 2013

Ending US aid to Egypt could contribute to "chaos" in the country, future secretary of state, John Kerry, has warned.

President Obama has requested almost $2 billion in aid for Egypt, about 80 per cent of which is for the military, and Congress seems willing to comply, for the time being at least."

San Francisco, CA

#218 Mar 4, 2013
Delaware student returns $1,800 after ATM mistake

Published March 04, 2013

Associated Press

NEWARK, Del.– A University of Delaware student has returned $1,800 that was mistakenly dispensed when he went to a campus ATM.

San Francisco, CA

#219 Mar 5, 2013
By a wide 70-23 percent margin, voters support building the pipeline that would transport oil from Canada to refineries in the United States.

idiots united

Minneapolis, MN

#220 Mar 5, 2013
Market and other things such as modern technology that suppose to make life easy but it makes life more complicated and mesirable enough to give you a short circuit on your brains like the howard hughes syndrome. Human are idiots. It's a scam all over.

San Francisco, CA

#221 Mar 7, 2013
House OKs bill to avert government shutdown
McClatchy Newspapers
Updated 11:06 pm, Wednesday, March 6, 2013

Speaker John Boehner heads to the House floor to vote on a bill to extend the federal government's spending levels. Photo: Stephen Crowley, New York Times
Washington --

The House of Representatives took the first step Wednesday toward keeping the federal government open after March 27, passing a bill to extend spending levels through Sept. 30 and preserving the automatic spending cuts that went into effect Friday.

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San Francisco, CA

#222 Mar 7, 2013
"N. Korea Vows Nuclear Strike on US
North Korea vows to launch a first-strike nuclear attack against US, ratcheting up rhetoric before vote by UN diplomats on whether to level new sanctions against the country for recent nuclear test."

San Francisco, CA

#223 Mar 7, 2013

America's Debt Challenge
Amid furloughs, D.C. workers paid to stay home
By Jennifer Liberto @CNNMoney March 6, 2013: 10:48 AM ET

Federal workers in Washington will stay home with pay on Wednesday as area expects up to 30 inches of snow.
Even as hundreds of federal workers are bracing for furloughs and layoffs, those in the Washington D.C. area will get to stay at home on Wednesday without losing any pay.

A winter storm is making its way to the nation's capital and expected to dump between 10 and 30 inches of snow in the area, prompting the Office of Personnel Management to call in a snow day.

That means all federal offices in the area will be closed for business and workers will be get to stay at home with pay.

It's a rare luxury at a time when some 2 million workers are preparing for either job losses, or forced time at home without pay, thanks to some $85 billion in forced budget cuts that went into effect on March 1."

San Francisco, CA

#224 Mar 7, 2013
Latest news, Pres. Obama had dinner with Republicans and picked up the tab; next he is meeting with Budget leader, Paul Ryan, R to talk about the deficit..

Positive move towards solving the financial cuts...

San Francisco, CA

#225 Mar 9, 2013
Fewer Americans filed for their first week of unemployment benefits last week, marking further improvement in the job market.

Initial jobless claims fell to 340,000, from an upwardly revised 347,000 the previous week, the Labor Department said Thursday.

San Francisco, CA

#226 Mar 9, 2013
The economy picked up speed in February, creating jobs at a pace that would substantially lower the unemployment rate. But Washington could put a stop to that.
Zachary A. Goldfarb
There is a massive gap in the unemployment rate between those who attended college -- 6.7%-- and those who finished it -- 3.8%.
a day ago ·

Even as analysts hailed a better-than-expected jobs report on Friday that pointed to an acceleration in growth, they warned that stronger employment gains are being put at risk by sequestration, the automatic spending cuts being imposed by the federal government.

“They’re doing their best to get in the way,” Nigel Gault, chief United States economist at IHS Global Insight, said of lawmakers and other officials.“But the good news is that the economy is carrying plenty of momentum going into sequestration.”

The Labor Department reported that the economy added 236,000 jobs in February as the unemployment rate sank to 7.7 percent, down from 7.9 percent in January and the lowest level since December 2008."

San Francisco, CA

#227 Mar 10, 2013
Lamont DeShawn Price was No. 18 of the 131 homicides in Oakland last year.

He was killed Feb. 16 while sitting in a car, his family believes for taking a girl's cell phone.

Lamont, 17, was by no means perfect. He had a juvenile record, skipped school, fathered a baby and was shot dead before he was old enough to vote.

His father, Ramon Price Sr., is both a reverend and employee at a funeral home. He's seen plenty of bullet wounds - small, dirty caves burrowed in flesh, as he describes them.


San Francisco, CA

#228 Mar 10, 2013
Education Bombshell: 80% NYC High School Grads Can't Read at Grade Level

Sometimes there's just one number that describes everything you need to know about a topic. We have one of those today and it has to do with education.

If you want to understand the state of education in this country, listen to this: nearly 80% of New York City high school graduates have trouble with basic skills like reading, writing and math. The vast majority do not have the basic skills you would expect of someone half their age.

The news was reported by a local CBS affiliate today. City officials said 11,000 kids who had graduated from the city's high schools needed remedial courses to relearn the basics before entering New York’s community college system.


San Francisco, CA

#229 Mar 11, 2013
Federal government jobs fell by 4,200 in February, the fifth month in a row those jobs have been zapped from the economy. And, thanks to the automatic budget cuts, it's going to get worse.

In contrast to gains in the private sector, a total of 33,000 federal worker jobs have been lost since January 2012 -- and that does not include jobs at the Postal Service, which is in the midst of a crisis of its own.

"These job losses are a preview of the effects of sequestration, because it's already taken place in some agencies and will likely continue with more spending reductions," said Stephen Fuller, director of the Center for Regional Analysis at George Mason University.

The wane in federal jobs is due largely to workers leaving federal agencies facing about $1.2 trillion in budget cuts over the next 10 years, Fuller said. Federal agencies have been freezing jobs as workers retire or leave for the private sector. "

San Francisco, CA

#230 Mar 11, 2013
Police find drugs inside Texas ice cream truck

A West Texas ice cream truck was apparently carrying something more associated with giving you the munchies than satisfying your sweet tooth.

Rochester, PA

#231 Mar 11, 2013 ……
Markets are Falling now

San Francisco, CA

#232 Mar 12, 2013
She admitted voting twice in the presidential election last November, and now, Obama supporter Melowese Richardson has been indicted for allegedly voting at least six times. She also is charged with illegal voting in 2008 and 2011.

The 58-year-old veteran Cincinnati poll worker, indicted Monday, faces eight counts of voter fraud. Two others, one of whom is a nun, have been charged separately.

Richardson had admitted on camera to a local TV station, "Yes, I voted twice," claiming she was concerned that her vote would not count. She also said there "was no intent on my part to commit any voter fraud."

"I'll fight it for Mr. Obama and Mr. Obama's right to sit as president of the United States," she proclaimed in the interview.

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