After seemingly interminable delays, a new World Trade Center tower is finally rising—but now it’s encountering new financial problems. An institutional investor group is holding up the $1.3 billion bond sale that would finance the construction of Tower 4 for fear it could hurt the value of their…
Continue reading …Click here to view this media Ignore the obvious Fox spin from Gretchen Carlson and the Washington Examiner guy who thinks Paul Ryan walks on water in this clip and listen to Jim Kessler from Third Way tell us that the “Gang of Six” compromise which hasn’t been reached, hasn’t been unveiled and contains no specifics is the “only game in town.” This stuff drives me crazy for a number of reasons, not the least of which is this notion that we’ll “all hate it”, which means we should “all like it.” It drives me crazy mostly because it suggests that there are no real creative ways to look at deficit reduction and begins with the presumption that taxes cannot be raised to deal with the deficit. Here are the Senators who comprise the Gang of Six: Mark Warner (D-Va.), Saxby Chambliss (R-Ga.), Mike Crapo (R-Idaho), Dick Durbin (D-Ill.), Kent Conrad (D-N.D.) and Tom Coburn (R-Okla.) Does anyone really think a group that includes Coburn, Crapo, and Chambliss will arrive at a compromise that involves a tax increase? I certainly don’t. My problem with Third Way is where they start . They frame the entire debate by calling the progressive approach “Soak the Rich” and the conservative approach “Starve the Beast.” Neither are accurate, given that progressives have argued for fairness in the tax code and not a soaking, while conservatives aren’t as interested in starving beasts as they are in shifting where the beast is fed and who feeds it. While they haven’t unveiled specific ideas yet, it seems clear that they’re already pushing for their plan to be the only plan that makes sense, and to cut off debate — an option I find unacceptable. The Progressive Caucus has ideas that make sense , and are not “soaking” the rich as much as they are a way to make tax burdens fair to all — corporations, middle class, and wealthy alike. The entire debate is being framed too widely at this point, anyway. Social Security should come off the table, except to the extent that the payroll tax is adjusted as the original formula intended. The tax code needs to be overhauled. In my view, any deficit reduction package that amends the tax code as it exists today is not reform, since it’s loaded with sunset provisions, obscure tax breaks for one or two companies all over it, and other inconsistent and mostly unintelligible footnotes that give billions away to the high-end earners. Going on Fox & Friends and telling viewers it’s our way or no way is not a third way. It’s just what conservatives do on a near-daily basis. Surely we can do better than that.
Continue reading …Geoffrey Mutai of Kenya took first place at the Boston Marathon today, finishing the race in a record two hours, three minutes, and two seconds. That time beats the marathon’s previous record, set by fellow Kenyan Robert Kiprono Cheruiyot, by more than two minutes, reports the Boston Globe . It would…
Continue reading …In its 73-year history, the Beetle has evolved from the hippie ride of choice to a cute chick car. Now Volkswagen is reinventing it again. The company introduced an edgy design Monday for its signature model. (April 18)
Continue reading …Orlando Magic center Dwight Howard became the first player to win the NBA Defensive Player of the Year Award three straight seasons Monday. Howard was second in the NBA in rebounds and fourth in blocks. (April 18)
Continue reading …Whoa, Cindy. The supermodel recently shared a little TMI with “Access Hollywood,” saying that she and husband Rande Gerber do “date night” in their “guesthouse.” God, we love “air quotes.” Crawford explained, “We have a little guesthouse down on the beach. It’s like a getaway without getting away. Sometimes we don’t bother with the candle light. Sometimes you just have to do it! You know, you’re in a time crunch! You don’t want the kids walking in, that happened to us not that long ago.” “We had our door locked and we never lock our bedroom door and our daughter [Kaia, 9] comes… She’s like, ‘What are you doing in there?’ I said, ‘You know what, Daddy and I are spending some time together,’ and then she was like, ‘Oh God! I don’t want to know that! Now, she knows if the door is closed and locked, don’t.” WATCH:
Continue reading …Chris Evans goes from 98-pound weakling to buff superhero in a matter of moments in the upcoming summer smash “Captain America,” but luckily for him, film studios have computers to do the heavy lifting these days. Or at least most of it. Playing scrawny Army reject Steve Rogers in the film adaptation of the beloved comic book, Evans comes out of an experimental chamber all hopped up on a secret serum that would make Barry Bonds blush. It helps him become the US Army’s ultimate super soldier, and while the early reviews rave about the transformation, Evans had to fight to make it happen. “They went back and forth on the type of technology they were going to use. Initially, they were just going to do body shrinking, and then they thought, ‘Well, maybe we can get another skinny actor and put Chris’ head on it,’ and I really, really was against that,” Evans told USA Weekend. “I said to Joe [Johnston, director], “Look, I know we want this to look good and this effect to not be distracting from the film, but it has to be my performance. I don’t want to share this. Your body is a huge piece of the acting puzzle, and I don’t want to have somebody else’s body tell the story that I’m trying to tell.’ So they did some tweaking and they did a bunch of tests and we went back to the initial plan to shrink my body.” The results speak for themselves — Evans goes from looking like a weak child to revealing a cut physique. Beyond the body, though, this film should have been a bit of a familiar event for Evans, as already had major experience with the comic movie genre. Evans starred as The Human Torch in the two “Fantastic Four” movies, and played, in a bit of fitting meta-fiction, an action star/warrior in the graphic novel-based “Scott Pilgrim Vs. The World.” As press duties heat up for what may end up being the biggest film of the summer, Evans is also excited about a smaller project that he’s working on, an independent film called “Puncture” making its debut at the Tribeca Film Fest. “It’s a completely different feel. Sometimes in movies like [Captain America], there’s a lot of money involved, and as a result, everyone is paid a lot of money to make everything look perfect,” Evans said. “You’ve seen these movies – it’s art, it’s gorgeous. But as a result, it’s very tedious. Some days, you really sit around, and you go home and you’re like, ‘Man, I spent maybe 60 percent of my day sitting on my ass.’ A little indie movie, you go go go.” For more, click over to USA Weekend. WATCH:
Continue reading …Still searching for today’s internet time sink? Then look no further than Nokia’s just launched beta version of Ovi Maps 3D. Thanks to a little help from Navteq’s maps and some software wizardry, it’s now able to display cities in a new 3D view that you’re able to zoom in and around to your heart’s content. You can also do the same thing in Google Earth’s 3D view, of course, but Nokia just might have a leg up in some respects. Unfortunately, it’s still staying mum on exactly how it all works, but you can dive right in and start exploring for yourself at the link below. [Thanks to everyone who sent this in] Nokia launches Ovi Maps 3D beta, challenges Google Earth as your virtual tour guide of choice originally appeared on Engadget on Mon, 18 Apr 2011 19:37:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Republicans and Democrats both claim to have a plan to fix the budget, but neither party is offering a realistic approach. It’s time for Dems to admit that “spending control requires genuine cuts in Social Security and Medicare”—and it’s time for the GOP to recognize that “tax increases will…
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