Click here to view this media Treasury Secretary Tim Geithner said Sunday that time was running out to get a deal in place to raise the debt ceiling before a possible U.S. default on Aug. 2. “The two key things are we take default off the table, the threat of default off the table through the election and we put in place a framework of tough reforms that forces Congress to act relatively soon,” Geithner told Fox News’ Chris Wallace. The Treasury secretary pointed out that President Barack Obama will veto a short term deal because it “makes no sense.” “We started the process seven months ago,” he said. “We are running out of runway. I never thought they would take it this close to the edge and let politics get in the way of demonstrating we will pay our bills on time. It has taken us six [or] seven months. The idea that we’re going to spend another seven months lifting the cloud of default from the American economy, it seems irresponsible approach. It would be bad for the economy. We don’t think that makes sense.”
Continue reading …GGN- News Bulletin :: July 23, 2011 Part 1/3 Death toll rises in Norway attacks Norway: Death Toll Mounts After Twin Attacks [Lindsey Hilsum, Link TV News/Channel4News] renepower says: Gruesome morning of news: Norway death toll hits 100, Amy Winehouse dead, 32 dead in chinese crash
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Continue reading …Things are lookin’ up in New England — particularly for those who crisscross Yawkey Way with an electric vehicle. A grand total of 142 EV charging stations are slated to hit The Bay State in the coming months, with 25 communities across the commonwealth to get gifted. Boston reports that the majority of ‘em will be in “common commuter or traveler spots,” places like downtown parking garages, MBTA lots, shopping malls, etc. The bulk of the boxes will be part of the ChargePoint network, and we’re told that the rates for recharging will be set by “municipalities on public land and by property owners on private land,” depending on where each box is planted. So, is the charging station rollout between NY and MA the new Yankees vs. Red Sox? Nah, but a techie can dream. 142 electric vehicle charging stations head to Massachusetts, Nantucket and MV not included originally appeared on Engadget on Sun, 24 Jul 2011 10:28:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …SoCalScouse says: RT @Wongster360 : Holy Crap! lol RT @northwestfire : Shark almost swallows diver http://bit.ly/qYKpCR Photos
Continue reading …Highlights of this day in history: A key ruling during the Watergate scandal; Nixon and Khrushchev hold a ‘kitchen debate’ during the Cold War; Brigham Young and Mormon followers arrive in present-day Utah; Apollo 11′s crew returns home. (July 24)
Continue reading …Click here to view this media I was thankful to see Paul Krugman get some air time on PBS’s Charlie Rose on this Friday’s show, but sadly he got stuck debating David Brooks, who blathered on endlessly in the segment previous to what I clipped here, calling austerity measures reasonable and chastising Republicans for being unwilling to strike a deal with President Obama on spending cuts during this debt ceiling debate debacle. Krugman did a nice job of shooting down Brooks’ talking points defending the astroturf “tea partiers” on the size of government being too large and with pointing out the extreme level of obstructionism we’ve seen from Republicans since Obama took office. He also expressed his concerns that many of us have with President Obama governing way too far to the right and with being way too accommodating to Republicans while this madness from the other party is going on. ROSE: There are two questions. One, if you look at the dysfunctionality of government in this case, who’s responsible for them? BROOKS: I don’t pretend it’s symmetrical… I wouldn’t say it’s symmetrical here. I do think the president and the Democrats have been much more flexible than the Republicans have been. I say that with a little pain maybe, but that’s just simply the case. The president, to his credit has made his allies extremely uncomfortable, and if you were around in Washington yesterday when the entire Senate Democratic caucus erupted in fury, you saw that first hand. And so I think the Republicans are… it’s a good short term negotiating strategy, but they are not seizing a deal which should be out there for them. I’m sort of mystified why if the president is offering a $3 trillion in the reduction of government, why they’re not seizing upon that and potentially settling either for nothing or maybe $500 million. I mean, it’s just mystifying to me why they don’t take this deal. ROSE: Well, then take a guess. What’s the answer? BROOKS: Well, there are a lot of things. One, they will tell you they go home and nobody wants any more taxes. We ran on that, we pledged it. Second, and I think this part is bipartisan, the hatred is so strong, there is great personal resistance to doing a deal with the devil. And they regard Obama, or Boehner and Cantor as the devil. There’s just sort of this emotional resistance to getting in a room, shaking their hand and having your picture taken. And so even beneath the substance of it there’s a great deal of emotional resistance, and when… even when the president makes an offer, which is a pretty good offer for Republicans, they’re always looking for the weaknesses in it. (crosstalk) KRUGMAN: This is a longer term story. It’s not just what’s happened during these negotiations. The underlying reason we have dysfunctional politics right now is the radicalization of the Republican Party. I mean, Bruce Bartlett, a Republican, or maybe now an excommunicated Republican just said basically Obama is a moderate conservative. He’s basically governing to the right of Richard Nixon. But what’s happened is that the Republican Party has gone so far off into an extreme right wing position that we have gridlock because basically one party cannot say yes. They cannot say yes to anything that might be coming from the other party. In a basic sense they don’t accept the legitimacy of government by the other party. BROOKS: To be fair to them, they would say that we’ve had government at a certain level of GDP for decade after decades, and roughly the same, and over the last couple of years its leapt up significantly, so if we want to bring it back to that level, to the 2008 level (crosstalk) that’s the argument they would make. KRUGMAN: David, all of that is the recession. All of that is that the ratio of government to GDP is higher because GDP is down and safety net programs; unemployment insurance and Medicaid and a few other programs that respond to hard times are up. If you take that out, there has been no increase in the size of government. That’s an entire myth. BROOKS: There is a long term trend of health care spending. I mean this is, and Paul and I have come back to this a couple of times in this conversation… KRUGMAN: Right. BROOKS: Health care spending is the problem. KRUGMAN: Yeah. BROOKS: And so there are two wildly different views of how you address that issue. And Republicans look out and see health care spending increasing, swallowing up everything else and they say we need something like the Ryan plan in order to fundamentally reform the structure of the program. And that’s not a radically irresponsible position. It’s a position you can disagree with, but it doesn’t make them loons, I would say. KRUGMAN: Well… we can go on. We should also point out that we have an enormous amount of obstructionism at all levels. Right? There’s a tremendous number of unfilled positions. To a large extent Obama is trying to govern now with a hollow administration because he can’t get officials approved. We had my former MIT colleague, Nobel Laureate Peter Diamond rejected for the Federal Reserve Board. This is a crazy… uhh… this is what is making America ungovernable. It is the extremism of one party. You actually have an extremely accommodating, I would say alarmingly accommodating Democratic president, but a Republican Party that just won’t deal. I found Brooks’ doublespeak on these “tea party” Republicans amusing – and I use that term loosely, because there is no “tea party”, it’s the extreme right wing of the Republican base – where he had to admit that they’re completely incapable of governing because of their deep-seated hatred for President Obama, but he felt compelled to defend them anyway after that admission. Naturally Brooks played the Villager game of “both sides” are equal in this segment where he tried to pretend that there is some visceral hatred by Democrats of Boehner and Cantor that somehow compares to the right wing literally losing their minds from day one after our first black president got elected, which is just nonsense. When Brooks can find some Democrats out there with posters of Boehner and Cantor as witch doctors with bones through their noses or something similarly crazed and just downright hateful someone let me know, will they?
Continue reading …realmako says: Linda Christian, the first Bond girl , dies at 87 – USATODAY.com: http://t.co/M8b6HB4 via @ USATODAY
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Continue reading …Looking to enhance that in-person baseball experience with one more technological distraction? Well, the wait is over, thanks to T-Mobile and its new tablet rental program at Angel Stadium in Anaheim. The company will not only offer the slates to patrons, but it’ll also push out customized content to enhance the superfan’s game-day stat overload — something we’ve seen before over at Safeco Field . Fans get to choose between a T-Mobile G-Slate or a Samsung Galaxy Tab , and the rental will only set you back a cool Hamilton, which is likely easier on the wallet than a decked-out hotdog. In addition to the tablet, you’ll also get your game-day program, a library of magazines for browsing between innings, T-Mobile TV and network access. So if you’re the casual baseball fan who scored free tickets, you can work on your Cut the Rope skills for a few hours… looking up to catch the home run jacks, of course. Continue reading T-Mobile looks to go back-to-back, offers Angels fans tablet rentals T-Mobile looks to go back-to-back, offers Angels fans tablet rentals originally appeared on Engadget on Sun, 24 Jul 2011 08:58:00 EDT. Please see our terms for use of feeds . Permalink
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