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Al-Qaida in Iraq explores new ventures in fundraising drive

List of potential activities to fill empty coffers sound more like protection rackets and organised crime scams than jihad Al-Qaida in Iraq has made an online appeal for new fundraising ideas, saying it is in dire need of money to help thousands of widows and children of dead fighters. Insurgents of the Islamic State of Iraq – an umbrella organisation for Sunni militants in the country – have funded their operations in the past by robbing jewellery stores, banks and offices where the government pays out monthly salaries. But the group has seen its main source of money – funding from abroad – dry up, leaving the group strapped for cash. In an Arabic statement posted on AQI’s online forum, website administrator Seif Saad lamented the state of the group’s finances and launched an urgent appeal for money to “feed the widows and the orphans” of mujahideen. “A few days ago a brother was martyred, leaving behind a wife and children. There is no need to explain how we were running here and there to collect money for their minimum requirements of life,” wrote Saad. Among the new ideas to raise funds, Saad suggested insurgents find a way to extort money from foreign oil, construction, transport and mobile phone companies, as well as international media agencies. If the companies refused to pay, insurgents would disrupt their operations. He did not elaborate. He also said businessmen and wealthy families should be forced to pay annual zakat , or charity, which is one of the Five Pillars of Islam and stipulates should be roughly 2% of assets. Saad also called for fines to be imposed on wealthy Shia Muslims in Iraq “who receive aid from America and the west and steal the country’s oil revenues”. Mohamed Abdel-Hadi, who identified himself online as another administrator for the website, dismissed the idea of taking money from foreign companies, but said he strongly supports fining Shias. “All the Shias, including merchants or government officials, are infidels and confiscating their money is part of jihad,” he wrote. Another contributor advised recruiting specialised hackers to transfer money from US banks. al-Qaida Global terrorism Iraq Middle East guardian.co.uk

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John Boehner, FOX News, the Tea Party and all of the GOP continue to make the claim that the Obama administration is almost entirely responsible for what they consider to be America’s debt problem. Bloomberg News did just a little digging and reports what we’ve been claiming all along. These Republicans are all a bunch of hypocrites. The same Republicans that are so outraged by the deficit voted to help put it there in the first place: “In Washington, more spending and more debt is business as usual,” the Republican leader from Ohio said in a televised address yesterday amid debate over the U.S. debt. “I’ve got news for Washington – those days are over.” Yet the speaker, House Majority Leader Eric Cantor, House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell all voted for major drivers of the nation’s debt during the past decade: Wars in Afghanistan and Iraq, the 2001 and 2003 Bush tax cuts and Medicare prescription drug benefits. They also voted for the Troubled Asset Relief Program, or TARP, that rescued financial institutions and the auto industry. Together, a Bloomberg News analysis shows, these initiatives added $3.4 trillion to the nation’s accumulated debt and to its current annual budget deficit of $1.5 trillion. Obviously a few Democrats helped Bush out, but Boehner, Cantor and Paul Ryan have done their best to vote for bills that spend, spend, spend. Bush Tax Cuts The 2001 and 2003 tax cuts, which lowered tax rates on income, dividends and capital gains, increased the federal budget deficit by $1.7 trillion over a decade, according to the Center for Budget and Policy Priorities, a non-partisan left-of- center group in Washington that studies fiscal policy. The two-year extension of those tax cuts that Obama signed will cost $857.8 billion, according to the Congressional Joint Committee on Taxation. Boehner has defended the tax cuts, arguing that they didn’t lead to the deficit. “The revenue problem we have today is a result of what happened in the economic collapse some 18 months ago,” he told reporters on June 10, according to The Hill newspaper. The wars in Afghanistan and Iraq have cost almost $1.3 trillion since the terrorist attacks on Sept. 11, 2001, according to a March 29 analysis by the Congressional Research Service. Operations in Iraq have cost $806 billion, and in Afghanistan $444 billion. The analysis shows the government has spent an additional $29 billion for enhanced security on militia bases and $6 billion remains unallocated. Medicare Drug Benefit The 2003 Medicare prescription program approved by President George W. Bush and a Republican-dominated Congress has cost $369 billion over a 10-year time frame, less than initially projected by Medicare actuaries. Nine Senate Republicans, including Nebraska’s Chuck Hagel, along with 25 Republicans in the House, voted against the bill. Hagel argued that it failed to control costs and would add trillions in debt for future generations. “Republicans used to believe in fiscal responsibility,” Hagel wrote in a 2003 editorial in the Omaha World Herald. “We have lost our way.” TARP, the $700-billion bailout of banks, insurance and auto companies, has cost less than expected. McConnell, Boehner, Cantor and Ryan all voted in October 2008 for the program, which stoked the rise of the Tea Party movement. Many institutions have repaid the government. The latest estimated lifetime cost of the program is $49.33 billion, according to a June 2011 report by the Treasury Department. That figure includes the $45.61 billion cost of a housing program which the administration never expected to recoup. Rank-and-file Republicans are eager to pin the blame on Democrats, frequently pointing to the economic stimulus signed by Obama in 2009. The total cost of the stimulus will be $830 billion by 2019, according to a May 2011 Congressional Budget Office report. That’s half the cost of the Bush tax cuts and less than two-thirds of what has been spent on the wars in Iraq and Afghanistan. But of course there was a Republican president at the time, so as Dick Cheney famously said, deficits don’t matter. The new GOP leaders are as guilty as sin and are fooling only the beltway media establisment.

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IMF’s Christine Lagarde warns Europe and US over debt crises

• New IMF chief speaks out over US debt ceiling • Turbulence could ‘easily resurface’ in eurozone • US should not raise taxes or cut spending too soon The new head of the International Monetary Fund (IMF), Christine Lagarde , warned policymakers in Europe and America on Tuesday that failure to get to grips with their debt crises would lead to fresh turmoil in the global economy. Speaking in New York, the former French finance minister said that turbulence could “easily resurface” in the eurozone despite the positive response in the financial markets to last week’s bailout package . Lagarde also made it clear to bickering Democrats and Republicans in Washington that there would be knock-on effects for the rest of the global economy if there was no agreement on raising the US debt ceiling . “I’m hopeful that the political courage shown by European leaders will soon be followed by bold fiscal action in the US,” Lagarde said. “On the debt ceiling, the clock is ticking, and clearly the issue needs to be resolved immediately. Indeed, an adverse fiscal shock in the United States could have serious spillovers on the rest of the world. But more fundamentally, a credible fiscal adjustment plan is needed sooner rather than later.” Noting that the financial and economic crisis of 2008-09 had left “deep and long-lasting scars”, the IMF managing director said America should be careful not to raise taxes or cut spending too quickly. “The United States could be facing another jobless recovery. Again, that’s why we’ve advised against fiscal consolidation that is unduly hasty – even as we stress the importance of getting a fiscal consolidation plan agreed soon. We’ve also recommended active labour market policies to stem the rise in structural unemployment, and measures to ease adjustment in the housing market (for example, mortgage relief).” Economists at the Fund have estimated that a 1% cut in the budget deficit lowers growth by half a percentage point over two years. “This is why measures that are legislated now – but only reduce deficits in the future, when the recovery is more robust – would be particularly helpful,” Lagarde said. “But there is good news too: over the longer term, debt reduction can actually raise output by bringing down real interest rates and making room for tax cuts.” She added that the fiscal problems affecting countries on the periphery of the eurozone had “revealed the risks posed by an incomplete economic and monetary union. As a result, the euro area as a whole is experiencing difficulties. Even the tough fiscal and structural measures adopted by the affected countries have not convinced markets that a lasting solution is in place. “The agreement shows that European leaders believe in the eurozone, and will do what it takes to secure its destiny. It has been welcomed by financial markets, as reflected in the stronger euro and lower peripheral bond spreads. But turbulence could easily resurface. For this reason, it is essential that the summit’s commitments should be implemented quickly.” Lagarde also warned of the dangers of social instability, which contributed to the political upheaval in the Middle East and North Africa. “Social problems are of major concern to advanced economies too,” she said. “The young in particular are having a hard time finding work – with potentially lifelong implications in terms of employability and income. At the same time, the older generations are fighting to protect their health and pension benefits. Combine the two, and we may face a ‘clash of generations’, to borrow a term coined by the scholar David Rothkopf . This is why focusing on the right kind of growth is so important.” Global economy IMF Christine Lagarde Financial crisis Global recession European debt crisis US economy Larry Elliott guardian.co.uk

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Chris Matthews Slams Sen. Mike Lee for Demanding Constitution be Rewritten to Pass Debt Limit

Click here to view this media Chris Matthews did a good job of making Utah Sen. Mike Lee look like the obstructionist he is on Hardball tonight. Here’s more from Think Progress — Mike Lee: I Want America’s ‘House To Come Down’ Unless Congress Votes To Rewrite Constitution : In an interview on MSNBC’s Hardball this evening, tenther Sen. Mike Lee (R-UT) admitted that he is using the threat of a catastrophic default to extort the nation into rewriting the Constitution to force a permanent era of conservative governance : CHRIS MATTHEWS: How many days do you think we have, on the outside, to get this debt ceiling through before we have a problem? How many days? LEE: I don’t know, maybe ten days. MATTHEWS: Okay, in ten days you want to change the United States Constitution by two-thirds vote in both houses? That’s what you’re demanding. LEE: Yes. If possible we can’t change the Constitution just in Congress but we can submit it to the states. Let the states fight it out. MATTHEWS: And you think you’re being reasonable by saying you want a two-thirds vote in the House, which is Republican, and in the Senate which is Democrat. You want the Democratic Senate, by a two-thirds vote, to pass a constitutional amendment or you want the house to come down? LEE: Yes. That’s exactly what I’m saying and I’ve been saying this for six months. Go read the rest for more details on Lee’s hostage taking. Someone wake me up when this debt ceiling kabuki is over. I can barely stand watching any of it any more.

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Chris Matthews Slams Sen. Mike Lee for Demanding Constitution be Rewritten to Pass Debt Limit

Click here to view this media Chris Matthews did a good job of making Utah Sen. Mike Lee look like the obstructionist he is on Hardball tonight. Here’s more from Think Progress — Mike Lee: I Want America’s ‘House To Come Down’ Unless Congress Votes To Rewrite Constitution : In an interview on MSNBC’s Hardball this evening, tenther Sen. Mike Lee (R-UT) admitted that he is using the threat of a catastrophic default to extort the nation into rewriting the Constitution to force a permanent era of conservative governance : CHRIS MATTHEWS: How many days do you think we have, on the outside, to get this debt ceiling through before we have a problem? How many days? LEE: I don’t know, maybe ten days. MATTHEWS: Okay, in ten days you want to change the United States Constitution by two-thirds vote in both houses? That’s what you’re demanding. LEE: Yes. If possible we can’t change the Constitution just in Congress but we can submit it to the states. Let the states fight it out. MATTHEWS: And you think you’re being reasonable by saying you want a two-thirds vote in the House, which is Republican, and in the Senate which is Democrat. You want the Democratic Senate, by a two-thirds vote, to pass a constitutional amendment or you want the house to come down? LEE: Yes. That’s exactly what I’m saying and I’ve been saying this for six months. Go read the rest for more details on Lee’s hostage taking. Someone wake me up when this debt ceiling kabuki is over. I can barely stand watching any of it any more.

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CNN’s Piers Morgan Rails Against Republicans for Not ‘Compromising,’ Slaps Anti-Tax Hike Stand as ‘Crazy’

Acting as if he were trying out for a MSNBC gig, Piers Morgan used his half hour of CNN’s prime time, following President Barack Obama’s 9 PM EDT speech on the debt ceiling and House Speaker John Boehner’s response, to hit his guests from the left, presuming Obama holds the reasoned moral high ground while Boehner represents an obstinate and selfish position.

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Netflix rises to 25 million subscribers in Q2, thinks DVD business has already peaked

If you were still wondering why Netflix chose right now to split apart its unlimited DVD and streaming movie plans you need look no further than the just released Q2 financial report. According to the numbers, 75 percent of new subscribers were picking streaming only plans, while the total number of people on the hybrid DVD / streaming plan had actually decreased slightly, even as it breached 25 million subscribers worldwide. Of course, it did notice the intense backlash to the new rates, but predicts that after the hit of cancellations by the end of the third quarter it will still have 22 million people subscribed to streaming, 15 million total subscribed to DVDs, and about 12 million customers with both. Waiting on that Facebook integration ? Don’t hold your breath, while the new features are due to launch soon in Canada and Latin America , it claims ambiguous wording in the Video Privacy Protection Act is holding things back domestically. Other details include confirmation it will not look into purchasing Hulu Plus , and that it’s still negotiating a renewal of its deal with Starz. While the DVD business may have peaked, it’s not quite dead yet and Netflix indicated it will start marketing that feature again in the fourth quarter. Click the source link to paw through the PDF yourself, we’ll be keeping an ear tuned to the investor call later to find out exactly what the company’s executives are thinking. Netflix rises to 25 million subscribers in Q2, thinks DVD business has already peaked originally appeared on Engadget on Mon, 25 Jul 2011 16:19:00 EDT. Please see our terms for use of feeds . Permalink

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‘Super Congress’: Debt Ceiling Negotiators Aim To Create New Legislative Body

WASHINGTON — Debt ceiling negotiators think they’ve hit on a solution to address the debt ceiling impasse and the public’s unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress. This “Super Congress,” composed of members of both chambers and both parties, isn’t mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers — six from each chamber and six from each party. Legislation approved by the Super Congress — which some on Capitol Hill are calling the “super committee” — would then be fast-tracked through both chambers, where it couldn’t be amended by simple, regular lawmakers, who’d have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process. House Speaker John Boehner (R-Ohio) has made a Super Congress a central part of his last-minute proposal, multiple news reports and people familiar with his plan say. A picture of Boehner’s proposal began to come into focus Saturday evening: The debt ceiling would be raised for a short-term period and coupled with an equal dollar figure of cuts, somewhere in the vicinity of a trillion dollars over ten years. A second increase in the debt ceiling would be tied to the creation of a Super Congress that would be required to find a minimum amount of spending cuts. Because the elevated panel would need at least one Democratic vote, its plan would presumably include at least some revenue, though if it’s anything like the deals on the table today, it would likely be heavily slanted toward spending cuts. Or, as Obama said of the deal he was offering Republicans before Boehner walked out, “If it was unbalanced, it was unbalanced in the direction of not enough revenue.” Republicans, however, are looking to force a second debt ceiling fight as part of the package, despite the Democratic rejection of the plan. Under the Republican plan, lawmakers would need to weigh in on the debt ceiling during the heat of the presidential election, a proposal Democrats reject as risky to the nation’s credit rating. “We expressed openness to two stages of cuts, but not to a short-term debt limit extension,” a Democratic aide close to the negotiations said. “Republicans only want the debt ceiling extended as far as the cuts in each tranch. That means we’ll be right back where we are today a few months down the road. We are not a Banana Republic. You don’t run America like that.” The aide said that Democrats are open to a series of cuts as well as a Super Congress, but only if the debt ceiling is raised sufficiently so that it pushes past the election. “Our proposal tonight was, do two tranches of cuts, but raise the debt ceiling through 2012 right now, though the McConnell process would be one way,” said the aide, leaving open the possibility that Boehner could craft a new process and distinguish it from McConnell’s, which the Tea Party despises as a dereliction of duty. “Do that now with a package of cuts, and have the joint committee” — the Super Congress — “report out a package that would be the second tranch. Republicans rejected that, and continued to push a short-term despite the fact that Reid, Pelosi and Obama all could not have been clearer that they will not support a short-term increase. A short term risks some of the same consequences as outright failure to raise the ceiling — downgraded credit rating, stocks plunge, interest rates spike, etc. It is unclear why Republicans have made this their sticking point.” Boehner spokesman Michael Steel argued that the inability to come to a larger deal so far left a short-term extension as an “inevitable” option. “For months, we have laid out our principles to pass a bill that fulfills the president’s request to increase the debt limit beyond the next election. We have passed a debt limit increase with the reforms the American people demand, the ‘Cut, Cap, and Balance’ bill. The Democrats who run Washington have refused to offer a plan,” he said in a statement. “Now, as a result, a two-step process is inevitable. Like the president and the entire bipartisan, bicameral congressional leadership, we continue to believe that defaulting on the full faith and credit of the United States is not an option.” Obama has shown himself to be a fan of the commission approach to cutting social programs and entitlements. Shortly after taking office, Obama held a major conference on deficit reduction and subsequently created, by executive order, The National Commission on Fiscal Responsibility and Reform. The White House made two telling appointments to chair the commission: The first was former Sen. Alan Simpson (R-Wyo.), a well-known critic of Social Security who earned notoriety by suggesting, among other things, that the American government had become “a milk cow with 310 million tits!” Yet Obama’s Democratic appointment was even more indicative of whose interests took priority: former Clinton White House Chief of Staff Erskine Bowles. Bowles is a member of Morgan Stanley’s board of directors; an adviser to Carousel Capital, a private equity firm; and a director of Cousins Properties Incorporated, a firm with significant investments in commercial and mixed-use real estate. Simpson and Bowles, perhaps unsurprisingly, produced a report recommending corporate and high-end tax cuts, along with cuts to Social Security, Medicare, veterans’ benefits and a host of other social programs. The commission needed 14 of 18 members to approve the plan in order for it to advance to Congress for a vote. The commission fell short, but did win a majority. Proponents of slashing spending won’t make the same mistake with a new Super Congress. Only a simple majority will be necessary.

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Looking for Love? Try the Top 10 U.S. Cities for Singles

It’s the summer – perfect for being single and ready to mingle. But in certain spots around the nation, some singles will have an easier time than others. Travel + Leisure has culled together some data and come up with a list of destinations where you’ll probably have a better chance of finding Mr. or

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