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Estate tax emerges as key Democratic beef in Obama’s compromise

Washington (CNN) — House Democrats will allow a vote on the tax compromise reached by President Barack Obama and Republicans but will try to change the deal, especially an estate tax provision they believe is beneficial to the wealthy, one of their leaders said Sunday. Rep. Chris Van Hollen of Maryland, who heads the Democratic Congressional Campaign Committee, told reporters that the package will get a vote in the House despite a threat by House Democrats last week to prevent it from reaching the floor. “What form the bill comes to the floor in is something that’s under discussion and debate,” Van Hollen said, later adding that the House “will have an opportunity to work its will, but…

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Fayyad: Peace talks may need stronger U.S. mediation role

Washington (CNN) — The United States may have to expand its role from Middle East peace talks facilitator to become a broker on specific core issues, Palestinian Prime Minister Salam Fayyad said Sunday. Appearing on the ABC program “This Week,” Fayyad indicated that progress toward a peace settlement could occur in the short-term despite Israel’s refusal to halt construction of new settlements in the West Bank and East Jerusalem. However, Israel must provide specifics about its position on core issues such as what a Palestinian state would entail, the status of Jerusalem and the return of refugees, Fayyad said, adding that the lack of a new settlement freeze erodes trust in the process….

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Raw Video: Anti-government Protests in Russia

Hundreds of people protested against the Russian government at two separate rallies in Moscow. Opposition activists called for the resignation of Prime Minister Vladimir Putin. Nationalists demanded greater rights for ethnic Russians. (Dec. 12)

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Fareed Zakaria: Obama Should Have Gotten a Better Deal on Tax Cuts

Click here to view this media Fareed Zakaria gave his take on CNN this morning on Obama’s compromise with Republicans on tax cuts and why China is leaving the United States in the dust. Obama should have gotten better deal on tax cuts : President Barack Obama should have negotiated a more fiscally responsible deal with Republicans on extending tax cuts, analyst Fareed Zakaria says. After insisting on the campaign trail in 2008 and through much of his first two years in office that extending tax cuts for high-income earners was irresponsible, Obama agreed to extend the Bush tax cuts for all Americans. “Obama was exactly right to try and make a deal with the Republicans. But it does seem somewhat lopsided in that the Republicans got exactly what they wanted, which makes one wonder whether there was a better negotiating strategy that might have been adopted,” Zakaria said. Read on… Transcript from Fareed’s Take in the clip above below the fold. The best that can be said about Obama’s compromise with the Republican Party on taxes is that it might not cause too much harm. The extension of unemployment benefits will keep putting money into the economy. There are some good provisions in the bill to encourage businesses to create jobs, but on the whole, a great chance has been lost to start putting America’s fiscal house in order. If we had repealed some part or the whole of the Bush tax cuts, it would have gone a long way toward reducing the structural budget deficit the United States has. And more importantly, what the bill does is to try one more time to encourage Americans to spend more money. Now, we got into this mess because Americans borrowed and spent too much and now, we’re trying to get out of it by borrowing and spending more. The Republican Party has come to power in the recent election by denouncing Keynesian economics, that is the government’s effort to stimulate the economy, but it turns out they are actually as committed to Keynesian economics as the Democrats. You see, John Maynard Keynes simply said that when businesses and consumers stop spending, the government has to step in. He advocated two kinds of government actions, public spending or tax cuts. The Republicans simply prefer the latter. In fact, the cost of their Keynesian bill is about the same as the cost of the Democrat’s stimulus bill of 2009, $900 billion. What no one is talking about as we add to the deficit by encouraging consumer spending is that the only path to long-term growth is to have consumers borrow less, get their balance sheets in order and for the economy to focus more on investments for the future in industries of the future. And while we shy away from that kind of thinking about government funding, the fastest growing country in the world, China, has uses precisely this approach to achieve its extraordinary growth rates and now, China is moving to a whole new level. Reuters reports this week on a plan by the Chinese government to invest $1.5 trillion over the next five years in strategic industries. Beijing wants China to move out of low wage manufacturing and has identified seven key areas where it wants to quadruple its output in five years. The targeted sectors are alternative energy, biotechnology, new generation information technology, high-end equipment manufacturing, advanced materials, alternative fuel and energy saving and environmentally-friendly technologies. So, the Chinese will now move into these sophisticated industries while lending us the money, which we will use to give ourselves a tax break. Someone in Beijing is laughing.

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Sphero toy ball rolls itself, you control it with your smartphone

Don’t have the airspace required for an AR.Drone ? Gearing up for its CES 2011 debut, Sphero is a small, robotic toy ball made by Orbotix, and controlled remotely via Bluetooth and your smartphone’s tilt sensor. A ball that moves by itself? Call us lazy (too lazy to roll a ball even), but we think this is a toy whose time has come. Sure, the whole thing is pretty straightforward, although we hope that once iPhone and Android developers get ahold of that open API we’ll see plenty in the way of augmented reality gameplay: a maze or a racing game of some sort would make this thing quite coveted, in our opinion. Catch a video of the prototype in action after the break. Continue reading Sphero toy ball rolls itself, you control it with your smartphone Sphero toy ball rolls itself, you control it with your smartphone originally appeared on Engadget on Sun, 12 Dec 2010 18:22:00 EDT. Please see our terms for use of feeds . Permalink

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There’s been a lot of talk about how WikiLeaks is terrible, how the information released is damaging to national interests and/or security, how Julian Assange should be treated as a terrorist/enemy combatant/spy (pick your hyperbole), US Ambassador to the UN Zalmay Khalilzad points out that far more damaging information was given by someone with a much higher clearance to Bob Woodward, and no one started screaming that Bob Woodward should be prosecuted –or worse, executed . In his latest book, “Obama’s Wars”, Woodward quoted various high level administration sources : Obama rejected the military’s request for 40,000 troops as part of an mission with no foreseeable end. “I’m not doing 10 years,” he is quoted as telling Defense Secretary Robert M. Gates and Secretary of State Hillary Rodham Clinton at a meeting in October 2009. “I’m not doing long-term nation-building. I am not spending a trillion dollars.”[..] Woodward says Obama is constantly barraged with warnings about the possibility of terrorist attacks on US soil. [..] General David Petraeus Relations between Obama and Gen. Petraeus, then chief of the central command region that included Iraq and Afghanistan, deteriorated after the President rejected his repeated requests for more troops, Woodward claims.[..] Woodward quotes Gen. Petraeus as saying: “You have to recognize also that I don’t think you win this war. I think you keep fighting. It’s a little bit like Iraq, actually. . . . Yes, there has been enormous progress in Iraq. But there are still horrific attacks in Iraq, and you have to stay vigilant. You have to stay after it. This is the kind of fight we’re in for the rest of our lives and probably our kids’ lives.” The General felt increasingly isolated by the administration and reportedly told his aids that the White House was f—— the wrong guy” after a glass of wine on a flight in May. He was effectively banned from appearing on the Sunday talk shows by the administration but made use of private channels to Congress and the news media, the book claims. Richard Holbrooke Woodward reports that Vice President Joe Biden called Richard Holbrooke, the special envoy to Afghanistan, “the most egotistical b—— I’ve ever met.”[..] James Jones A variety of administration officials reportedly expressed scorn for Obama’s national security adviser, James Jones, who allegedly became so distrustful of the President’s political aides that he began calling them the “Politburo” and the “Mafia”.[..] Hamid Karzai The Afghan president is a manic depressive, according to Woodward. “He’s on his meds, he’s off his meds,” the veteran reporter quoted Karl Eikenberry, the US Ambassador to Afghanistan, as saying. Admiral Mike Mullen The chairman of the Joint Chiefs of Staff was criticised by his deputy, James Cartwright, because he “wasn’t a war fighter,” according to Woodward. Mullen suspected that Cartwright was briefing against him behind his back, the book claims. Robert Gates The Defense Secretary was tempted to walk out of an Oval Office meeting after taking offence at comments made by deputy national security adviser Thomas E. Donilon about an unnamed general, the book claims. Rahm Emmanuel The White House chief of staff was reportedly firmly in support of CIA drone attacks on al-Qaeda militants in Pakistani territory and reportedly asked a security adviser, “who did we get today?” David Axelrod The senior White House strategist was regarded as “a complete spin doctor” by Gen David Petraeus, then chief of the central command region that included Iraq and Afghanistan, Woodward claims. Axelrod had trouble trusting some of Obama’s senior appointments. When the newly-elected president floated the idea of making Hillary Clinton Secretary of State, Axelrod reportedly asked: “How could you trust Hillary?” Not exactly espionage, but certainly as damaging, if not more, than the recent WikiLeaks cables dump. Eikenberry, in particular, was fairly vocal about his discontent and the issues he foresaw about our occupation of Afghanistan, and the NY Times remained unscathed from releasing his diplomatic cables. Oops…maybe I shouldn’t have written anything. I’m sure George Will calling for Bob Woodward and the Editors of the NY Times to be tried alongside Julian Assange.

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Minn. Metrodome Roof Collapses After Snowstorm

The inflatable roof of the Metrodome collapsed Sunday after a snowstorm that dumped 17 inches on Minneapolis. No one was hurt, but the roof failure sent the NFL scrambling to find a new venue for the Vikings’ game against the New York Giants. (Dec. 12)

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Public invited to inform on those renting to Arabs

In step supporting rabbis’ letter on halachic ruling against renting to Arabs, initiative gives number so public can give names for ‘list of disgrace’

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‘Division of Jerusalem not Israel policy’

Jurusalem, Dec. 12: Israel’s hawkish PM Benjamin Netanyahu on Sunday dismissed calls to share the holy city of Jerusalem with the Palestinians, a stand that will further queer the pitch for US brokered West Asia peace talks. Distancing himself from defence…

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Chief of staff: Yeshiva students significant force in IDF

After Paratroopers Brigade commander said hesder yeshivas ‘lack values,’ Ashkenazi tells members of program ‘know where they came from and what we are fighting for’

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