Stage set for new showdown with Republicans as US president targets the rich for $1.5trn of tax increases Barack Obama is expected to unveil plans to reduce the massive US deficit by about $3.6trn over the next decade. The plan looks set to spark yet more confrontation with his Republican critics. Roughly half of the savings would come from tax increases, according to people briefed on the proposals. The Republican opposition is staunchly against tax hikes. Obama will unveil the new proposals on Monday at the White House. They will be submitted to a congressional “super-committee” that was created in August to draw up a deficit-reduction plan. The president is also expected to propose nearly $250bn in cuts to spending on Medicare, the federal health care program that primarily benefits the elderly; $330bn in cuts to other mandatory benefit programs; and underline savings of $1trn from the withdrawal of troops from Iraq and Afghanistan. According to initial reports there would be no changes in social security and no increase in the Medicare eligibility age, which the president had considered this summer. Obama’s plans would include roughly $1.5trn in tax increases aimed mainly at wealthy Americans and corporations, people familiar with the proposal said. The president is set to unveil a “Buffett tax” aimed at those earning $1m or more a year and named after billionaire investor Warren Buffett, a persistent critic of low tax rates for the rich. The Republican House speaker, John Boehner, has made clear that he will not support any tax increases. Given opposition to Obama and tax increases, the Republican-controlled Congress is unlikely to pass the package. The super-committee must report its findings before 23 November otherwise $1.2trn in cuts to defence and entitlement programmes will go into effect automatically in 2013. Obama’s plans look set to spark a fierce debate as the two sides attempt to negotiate a compromise ahead of the deadline. Obama’s proposed Buffett tax, first revealed over the weekend, has already attracted sharp criticism. Any further tax increases on wealthy Americans or corporations will undoubtedly face a similar assault. By combining cuts and tax increases the president is attempting to be true to his promise of his “balanced approach” requiring “shared sacrifice”. In August the president took to the road to sell his vision of a balanced approach to tackling US debt. “If everybody took an attitude of shared sacrifice we could solve our deficit and debt problem next week,” Obama said. “I need you to send a message to folks in Washington: stop drawing lines in the sand.” Obama backed away from proposing sweeping changes to Medicare, following the advice of fellow Democrats that it would only give political cover to a privatisation plan supported by House Republicans that turned out to be unpopular with older Americans. Administration officials said 90% of the $248bn in 10-year Medicare cuts would be squeezed from service providers. The plan does shift some additional costs to beneficiaries but those changes would not start until 2017, and administration officials made clear as well that Obama would veto any Medicare cuts that were not paired with tax increases on upper-income people. The president’s plan also calls for cuts of $72bn over 10 years from Medicaid, the federal-state health care program for low-income people and the severely disabled. States, hospitals and advocates for the poor are expected to resist those. Monday’s proposals will be the president’s fourth package of deficit-reduction ideas this year. Poll figures show the electorate is losing faith in the president and his ability to tackle the US’s economic malaise. According to a recent Gallup poll 26% of Americans now approve of Obama’s record on the economy, 11 points lower than in May. The president has been making big moves to address the nation’s financial problems. This month he unveiled a $477bn jobs plan aimed at getting more Americans back to work. Boehner has attacked the jobs plan, saying high taxes, too much regulation and government interference are the real drains on job creation. “The members of the president’s cabinet are not doing their jobs if they aren’t constantly focused on removing impediments to job growth,” he said. “If they’re not focused on that, they should be fired.” Obama administration US economy Barack Obama United States guardian.co.uk
Continue reading …Each week our friends at Inhabitat recap the week’s most interesting green developments and clean tech news for us — it’s the Week in Green. This week Inhabitat shined a light on the future of high-tech architecture as we brought you 20 stunning sun-powered homes that are getting ready to battle it out in this year’s Solar Decathlon – including Team New York’s prefab Roof Pod , Canada’s TRTL solar shell house , and China’s Y Container home . We also brought you exclusive photos of the recently unveiled 9/11 Memorial at Ground Zero , while the Empire State Building soared to new heights as it achieved LEED Gold certification . In other NYC news, we covered an underground park in the Big Apple which is to be illuminated entirely by fiber optics. Vicent Callebaut also unveiled plans for an incredible self-sufficient skyscraper for Taiwan , and we learned that scientists are planning to build a fake volcano for climate change research. It was also a hot week for energy-generating tech as Intel unveiled a solar laptop chipset that can be powered by a desk lamp and MIT developed a tiny kinetic generator that can produce 100 times more power than previous devices of its kind. Meanwhile, Google invested in the power of pig poop and researchers rolled out a new inexpensive, powerful, and lightweight jelly battery that could one day power laptops and electric vehicles. Energy infrastructure also got a boost as a UK competition showcased six designs for next-generation power pylons , and New Mexico announced plans to build an entire city for the sole purpose of testing green technologies . In other news, this week we spotted several pulse-pounding electric vehicles: a streamlined carbon fiber jet ski and an incredible mirrored motorcycle . We also went back to the future with a look at Nike’s new pair of LED studded kicks , and we spotted a slick set of retro robots made from salvaged materials. Finally, we shared a bevy of tips for living a more sustainable lifestyle — check out these seven gadgets that can improve your health and five ways to green your home entertainment system . Inhabitat’s Week in Green: sun-powered homes, retro robots and a solar laptop chipset originally appeared on Engadget on Sun, 18 Sep 2011 20:17:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …The so-called Buffett Rule, President Obama’s pending plan to raise taxes on the rich named for Warren Buffett, found an outspoken critic in Paul Ryan today, Politico reports. “Class warfare might make for good politics, but it makes for bad economics,” the House Budget Committee chairman tells Fox News Sunday,…
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Continue reading …When it comes to President Obama, just about every 24-hour news network is guilty of indulging in a scandal, but the most recent one regarding California-based solar company Solyndra has Jon Stewart telling all media, “That custom-tailored Obama scandal you ordered is finally here.” Stewart approached the story of Solyndra’s collapse after receiving over $500 million from the Obama administration to produce green energy by comparing it to previous scandals the media has eaten up, from Bill Ayers to birth certificates. But as he went through the scandal piece by piece, he couldn’t deny the “weapons-grade political fodder” that is Solyndra’s bankruptcy. Not only does Solyndra sound like a dystopian future planet, but Obama’s endorsement of it — including a personal tour of the facilities — adds insult to injury when it comes to the half a billion dollars it received from the government before its collapse. Although according to Stewart it only took about 1.3 percent of the money give to green energies by Obama, it was their poster child. Stewart did give the President’s investment, however foolish, the benefit of the doubt, saying that the failure of one company doesn’t discredit the entire idea of a green energy economy, but he had to add one big “but”: “But, if in, let’s say, 1936 you spoke about the growing importance of air travel in front of, I don’t know, the Hindenberg, you’d be right about the future of air travel — but you’d still be on f*cking fire!” What really adds the shock value to the situation, and what has given House Republicans and the media even more ammunition against the President, is a “whiff of sinister cronyism.” Watch the full segment below to hear Stewart’s reaction to insider warnings that predicted Solyndra would go bankrupt this year, reports that a top Solyndra investor visited the White House several times before their loan was approved and other details that are undoubtedly giving Fox News an erection. WATCH:
Continue reading …Twenty years ago an album that wreaked havoc on the conventional music industry was released. Lauren Spencer, who was among the first to hear Nevermind, reminisces with the surviving band members, and returns to Seattle to hear how Kurt Cobain changed music for ever Twenty years ago on a hot, smelly mess of an August day, the kind New York City does so well, I
Continue reading …Adrian_Vigil says: The Salahi divorce story is so heartbreaking. If 2 self-centered clowns can’t make it, then what chance does anyone else have? #sosad
Continue reading …Grief and sadness hangs over the valleys as the community around Gleision colliery mourns its loss As so often, it wasn’t the despair that at first devastated. Not at first. It was the hope. Hope that had sprung almost certainly, if subconsciously, from last autumn in the Atacama desert, when 33 long-trapped Chilean miners were pulled to safety in the world’s feelgood event of 2010. The slow, anguished extinguishing of that hope, the sombre voices tolling ever-worse news every few hours on Friday, is the story of the Gleision disaster. The deaths, the grim sudden deaths in an onrush of old, cold, sludgy water, are bad enough, but they were quick. The fractious angst for the families as Friday progressed was something else. According to Peter Hain, the local MP, who had been speaking to them for much of that day, after news of the fourth body was announced they simply “fled” the community centre in Rhos. On Saturday Rhos lay near-silent. Desultory to-camera pieces from the media stragglers were about the only signs of life. Once hope is gone, there is retreat. Hain was throughout, he told the Observer , a reluctant pessimist. “Even on Thursday night, I had the feeling this didn’t look good. There was just … something. I hope I’m not just being wise after the event: I was gloomy throughout. I had a glimmer of more hope at midday when it was reported that the oxygen levels looked good, there was no methane, but … still. “And I’d actually said, after one of the conferences on the Thursday night, that the police and emergency services were communicating such passion that it may give false hope: people would read that as conviction of success. It wasn’t, and nothing was, their fault: they were simply conveying a true and professional determination. I’d been escorted at one stage up there, to the mouth of the mine, and was simply astonished not just at the number of emergency workers but their commitment. I managed to speak to one, and he said: ‘But don’t you understand, this is my passion. It is my job, my determination, to get these men out’.” They didn’t. And now it turns out that they could not have, not alive anyway, although perhaps the sight of so many big filthy knackered men going back again and again into a swampy burrow fraught with new menace,, 12 hours a stint, gave some solace to those slowly losing hope: the stoic bravery of our specialist emergency teams is one of the few good things to emerge from this week in Swansea, and an image that will linger. But the hope had gone by early evening on Friday, and its loss was obvious. In the bars that straddle and straggle the A4064, a filthy meander of an arterial route through shopping centres, which suddenly, gloriously, trips into the foothills of the Swansea Valley proper – a place of dappled sun and babbled brooks and, all but hidden on one hillside, a small drift-mine – there was a strange mood abroad. People were getting on with getting drunk. In three places, at least, however, the raucousness stopped for the news bulletins. Older patrons listened intently; younger ones were told to pipe down. “I don’t know how they could do it,” half-whispered Al, 19, as he followed the screen. “That space, that dark. I suppose at least they had a job.” Around in the snugger of the bars, old Mary had been following the telly all day, far more than the younger generations. “There’s still something about the mines, and the young people don’t seem to know it. Not their fault probably. We grew up with the last of them, or almost the last of them. And then … this. Brave men and probably proud. I think I knew this morning, when they pulled the first one out.” I was told that David Powell, known as Dai Bull, one of those who died, took fine pride in the workings of the Gleision pit, and would wander up on days off – the tiny half-hidden entrance, past hedgerows and holly, and horses in fieldsand, of course in winter, snow, was visible from his house below – to check pumps, valves, safety, sumps, and the manageability of flowing water within a hillside. This was not a shambles of a mine. Safety measures, particularly from gas, are a world away from thoseVictorian/Edwardian horrors. But guessing hidden hillside water movements is famously unpredictable. Powell’s son escaped, and spent the day comforting other relatives. Whether he goes, ever, back into a pit … whether drift-mines can continue, is a question being asked by some who don’t really know. “I am very resistant,” insists Hain, “to what seems to be becoming a bit of a media issue at the moment, which is: should these mines be closed? I have between 200 and 300 in my constituency doing this, and it’s a well-paying job, they can earn up to £30,000, a huge wage for these parts, and they have justified pride, and it’s in an area where there can be 10 people chasing one job. “So, if a man chooses to do this, I’d rather he was doing it in my constituency, with proper safety standards, despite what has just happened, rather than some unregulated part of the world fraught with even more danger.” He dismissed instantly, as a “red herring”, some newish allegations about disturbance of water tables by a controversial pipeline (built when he was Welsh secretary) through, essentially, most of his country east from Milford Haven – “I was involved with all that, know all about it, and it’s not to blame” – and has his own theories about Thursday’s disaster, but will wait a little, at least while inquiries continue, to reveal them. For the families the inquiry takes second place. They have their men to bury and tears to shed. The family of Phillip Hill went to the mine to pay their respects. They laid their own floral tributes and paused for a few moments, comforting each other in their grief. Hill’s daughter, Kyla, left a bunch of flowers with a card, which said: “Hi dad, I love and miss you forever.” Another card from the family said: “Thank you for being part of our lives. Our girls will be safe with me. Miss you always. Donna x Meg.” Among the other people leaving tributes to the four men were the widow and daughters of a miner also killed underground. On a card they wrote: “To the families of miners lost. May you find courage and strength over the coming days, months and years ahead. Our sincere sympathy and our thoughts are with you. From the wife and daughters of Alan Jones (killed in Blaenant Colliery, Crynant, 1976).” Wales Mining Mining Coal Euan Ferguson guardian.co.uk
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