WHITE HOUSE

Speaker of the House Nancy Pelosi, D-CA, and House Majority Leader Rep. Steny Hoyer, D-MD.

House extends middle-class tax cuts

While negotiators for both political parties worked behind the scenes to hammer out a deal on extending the Bush-era tax cuts and, possibly, unemployment insurance, House Democrats pushed through a measure that would extend the tax cuts for individuals making less than $200,000 and married couples making less than $250,000.

Fiscal plan draws flak, praise

Senate Budget Committee Chairman Kent Conrad (D-ND) (L), and U.S. House Budget Committee Chairman Rep. John Spratt (D-SC)
Sen. Judd Gregg, R-NH, stated the obvious today regarding a plan to deal with the nation’s long-term fiscal well-being. He said, There are no easy fixes here.”

Totally Standard Hyperinflation

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No central bank ever began a hyper-inflationary policy because it feared inflation. Such disasters always come because of vanished credit and economic depression. And whether in Germany nine decades ago, or in Argentina twenty years back, or in Robert Mugabe's Zimbabwe around the turn of this century, stuff actually gets cheaper - not more expensive - in real terms during hyperinflation.
Job

Economy to get hit as jobless benefits to 2 mln Americans run out

A Senate wrangle over soaring budget deficits on Tuesday stopped the passage of a crucial extension of unemployed benefits to millions of Americans experiencing the sting of the worst jobs crisis in three decades. The failure of the lame duck Congress to extend benefits will cut off sustenance payments to two million people in December, adding to the woes of home losses, bankruptcies and foreclosures, besides also setting back the economic recovery. Here's a quick lowdown on the situation.
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Five Color Security Alert

US could scrap color-coded terror alerts

The United States is considering abandoning the 8-year-old color coded terror alert system amid criticism from U.S. lawmakers and public protests, according to media reports.
Sarah Palin's latest gaffe, calls North Korea an "ally"

Sarah Palin's latest gaffe: Calls North Korea an 'ally'

Within days after she announced her intention to run for the President, Sarah Palin, the former governor of Alaska, is caught up with yet another gaffe. This time, referring to North Korea as an ally of the United States.
Sarah Palin's latest gaffe, calls North Korea an "ally"

Sarah Palin's latest gaffe, calls North Korea an 'ally'

Within days after she announced her intention to run for the President, Sarah Palin, the former governor of Alaska is caught up with yet another gaffe. This time, referring to North Korea as an ally of the United States.
China's Premier Wen Jiabao

Focus shifts to China to gauge impact of North Korean attacks

A day after North Korea's artillery attack on the South Korean island, the U.S. decided to send the aircraft carrier George Washington and a number of accompanying ships into the region for joint exercises besides sounding China, the sole ally of Pyongyang, to restrain Pyongyang from further attacks.
South Korea fired first: North

South Korea fired first: North

North Korea said that it was South Korea which fired first and they had to fire in retaliation. The South Korean enemy, despite our repeated warnings, committed reckless military provocations of firing artillery shells into our maritime territory near Yeonpyeong island beginning 1pm (1500 AEDT), the AFP quoted a statement from the North's military supreme command.
U.S. Sen. Jon Kyl, R-AZ

OPINION: Forget the missiles, get Obama!

It’s now as plain as the beard on Lincoln’s chin. The Republican Party that Honest Abe helped to found – that is, in its current Limbaughian form -- does not give a hoot about American global security. All it wants to do is remove Barack Obama from the White House, and it does not care if its actions – that is, its inaction – wrecks the painstakingly constructed goodwill between the U.S. and Russia and pushes the entire world back toward the shadow of possible nuclear annihilation.
Sarah Palin's own 'American Dream'

Sarah Palin's own 'American Dream'

Sarah Palin, who announced her intent to run for the Presidential bid on Wednesday, seems to be reaching out to the American public in a rather tidy way. Her latest stint on reality TV, coupled with an unfaltering media management, could come along in her pursuit to the White House.
Michael Moore  sues the Weinstein Brothers over Fahrenheit 9/11

Left-leaning Democrats decry Obama 'sell-out' on tax cuts

A meeting between President Barack Obama and Congressional representatives originally scheduled to be held on Thursday has been postponed until Nov. 30, the White House said on Wednesday, signaling consensus on the extension of Bush-era tax cuts eluded leaders at the Capitol.
U.S. President Barack Obama speaks with former Republican Senate Whip Alan Simpson

Debt commission's proposal gets varied reception

Not unexpectedly, the preliminary proposal of President’s Obama’s bipartisan Commission on Fiscal Responsibility and Reform has met with mixed reviews, from “unacceptable” to “most encouraging.”
A French High Speed Train (TGV) arrives at Marseille's railway station during a national strike.

U.S. high-speed railway: a matter of cost and demand

The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.

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