Sunday, November 11, 2012

Obama plans "fiscal cliff" statement as showdown looms

WASHINGTON (Reuters) - President Barack Obama will join the battle over the U.S. "fiscal cliff" on Friday for the first time since voters gave him a second term in office, setting the stage for a showdown with congressional Republicans over sharp tax hikes and spending cuts slated to take effect early next year.

Obama is to make a statement from the East Room of the White House at 1:05 p.m. EST. His opening move in what is expected to be a tense negotiation to avert the so-called "fiscal cliff" was telegraphed Thursday by a top adviser, David Plouffe, who claimed a mandate from Tuesday's election victory to raise taxes on the wealthy.

That set up a clash with the Republican-controlled House of Representatives, whose leader, Speaker John Boehner, reiterated on Thursday his opposition to any increase in tax rates.

Boehner has scheduled his own news conference for Friday morning ahead of the president's statement.

The "fiscal cliff" of steep government spending cuts and tax rises due to be implemented under existing law in early 2013 may cut the federal budget deficit, but economists warn it also could tip the economy back into recession.

While disagreeing on immediate measures to avert the looming fiscal crisis, Obama and Republicans may find common ground in calls for enactment over the next six months of a larger package of deficit reduction measures, including a rewrite of U.S. tax laws.

The president called for negotiations on such a "grand bargain" during his campaign.

Obama, who defeated Republican challenger Mitt Romney in a race in which the two candidates offered different visions for spurring the sluggish economy, is not expected to put forward a new or specific plan.

Instead, he is more likely to urge Congress to tackle the fiscal cliff during its post-election session that begins next week.

The non-partisan Congressional Budget Office reiterated Thursday that if left unaddressed, the abrupt fiscal tightening would knock the economy back into recession, with unemployment rates soaring back to about 9 percent.

But it also warned of a crisis ahead if the United States does not stem the growth of its exploding deficit.

Congressional Republicans, who stress spending cuts, have already begun to stake out their position on ways to spare the already modest economic recovery from a fiscal shock.

The president's advisers told reporters earlier on Thursday that dealing with the fiscal cliff would be an immediate priority. The administration sees Obama's re-election as an endorsement of his position that affluent Americans should see their taxes rise, they said.

"One of the messages that was sent by the American people throughout this campaign is ... (they) clearly chose the president's view of making sure that the wealthiest Americans are asked to do a little bit more in the context of reducing our deficit in a balanced way," senior White House adviser David Plouffe said.

(Reporting by Mark Felsenthal; Editing by Fred Barbash and Vicki Allen)

Source: http://news.yahoo.com/obama-plans-fiscal-cliff-statement-showdown-looms-134313348--business.html

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Scientists discover possible building blocks of ancient genetic systems in Earth's most primitive organisms

ScienceDaily (Nov. 9, 2012) ? Scientists believe that prior to the advent of DNA as Earth's primary genetic material, early forms of life used RNA to encode genetic instructions. What sort of genetic molecules did life rely on before RNA?

The answer may be AEG, a small molecule that when linked into chains forms a hypothetical backbone for peptide nucleic acids, which have been hypothesized as the first genetic molecules. Synthetic AEG has been studied by the pharmaceutical industry as a possible gene silencer to stop or slow certain genetic diseases. The only problem with the theory is that up to now, AEG has been unknown in nature.

A team of scientists from the United States and Sweden announced that they have discovered AEG within cyanobacteria which are believed to be some of the most primitive organisms on Earth. Cyanobacteria sometimes appear as mats or scums on the surface of reservoirs and lakes during hot summer months. Their tolerance for extreme habitats is remarkable, ranging from the hot springs of Yellowstone to the tundra of the Arctic.

"Our discovery of AEG in cyanobacteria was unexpected," explains Dr. Paul Alan Cox, co-author of the paper that appeared in the journal PLOS ONE. The American team members are based at the Institute for Ethnomedicine in Jackson Hole, and serve as adjunct faculty at Weber State University in Ogden, Utah.

"While we were writing our manuscript," Cox says, "we learned that our colleagues at the Stockholm University Department of Analytical Chemistry had made a similar discovery, so we asked them to join us on the paper."

To determine how widespread AEG production is among cyanobacteria, the scientists analyzed pristine cyanobacterial cultures from the Pasteur Culture Collection of Paris, France. They also collected samples of cyanobacteria from Guam, Japan, Qatar, as well as in the Gobi desert of Mongolia, the latter sample being collected by famed Wyoming naturalist Derek Craighead. All were found to produce AEG.

Professor Leopold Ilag and his student Liying Jiang at Stockholm University's Department of Analytical Chemistry analyzed the same samples and came up with identical results: cyanobacteria produce AEG. While the analysis is certain, its significance for studies of the earliest forms of life on Earth remains unclear. Does the production of AEG by cyanobacteria represent an echo of the earliest life on Earth?

"We just don't have enough data yet to draw that sort of conclusion," reports Cox. "However the pharmaceutical industry has been exploring synthetic AEG polymers for potential use in gene silencing, so I suspect we have much more to learn."

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The above story is reprinted from materials provided by Weber State University.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Sandra Anne Banack, James S. Metcalf, Liying Jiang, Derek Craighead, Leopold L. Ilag, Paul Alan Cox. Cyanobacteria Produce N-(2-Aminoethyl)Glycine, a Backbone for Peptide Nucleic Acids Which May Have Been the First Genetic Molecules for Life on Earth. PLoS ONE, 2012; 7 (11): e49043 DOI: 10.1371/journal.pone.0049043

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/CtddTbmvaaE/121110093550.htm

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Video: More on November 9: Why Romney lost

Statue of Liberty relit for first time after storm

You still can?t visit the Statue of Liberty in the aftermath of Superstorm Sandy, but you will once again be able to see the beloved American icon shining bright after sunset in New York Harbor.The storm knocked out power on Liberty Island, so Lady Liberty has been enveloped in darkness at night for almost two weeks now. But starting Friday, the statue will be re-lit by a temporary, generator-powered system donated to the National Park Foundation, the official charity of America?s national parks.Musco Lighting, a company that specializes in lighting sports stadiums and arenas, is providing the equipment and services that will illuminate the statue, while the National Park Service evaluates the damage to the attraction?s permanent lighting system.?While we work to do everything necessary to reopen the statue and every other national park damaged by the hurricane, we are grateful to Musco and the National Park Foundation for turning the lights on Lady Liberty, another step forward in the recovery of this region,? said National Park Service Director Jonathan B.

Source: http://www.msnbc.msn.com/id/3036697/vp/49765631#49765631

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Saturday, November 10, 2012

LG Optimus L9 review: an affordable entry-level Android handset for T-Mobile

DNP LG Optimus L9 review An entrylevel steal

Just when we thought LG was done with its Optimus L-series for the year, the Korean company surprised us with the LG Optimus L9, which replaces the Optimus L7 at the low-end range. The L-series devices are positioned as LG's stylish yet affordable line of entry- to mid-level phones, so they definitely don't compare to the company's quad-core offerings like the 4X HD or the Optimus G. Instead, the L9 runs Android 4.0 and boasts a 4.5-inch qHD display along with a dual-core 1 GHz TI OMAP 4430 processor and 5-megapixel camera. At $79.99 with a two-year contract on T-Mobile, it's designed to appeal to shoppers on a budget. But is it a good buy? Let's find out.

Continue reading LG Optimus L9 review: an affordable entry-level Android handset for T-Mobile

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LG Optimus L9 review: an affordable entry-level Android handset for T-Mobile originally appeared on Engadget on Fri, 09 Nov 2012 13:00:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/11/09/lg-optimus-l9-review/

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Supply Side Economics is a Lie! - Care2 News Network


TomCat S. (257)
Friday November 9, 2012, 9:37 am
Republicans are still holding on to the claim that the richest Americans are the job creators, and how favoring them will make us all better off. You?d think America would know better by now, because wealth keeps gushing up, and the only thing that trickles down on us is elephant crap.

Why is this inappropriate?