সোমবার, ২৯ অক্টোবর, ২০১২

Wall Street makes plans to open Monday even as Sandy bears down

NEW YORK (Reuters) - U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers' homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings public transportation to a halt.

Hurricane Sandy is expected to slam into the East Coast on Monday night, bringing torrential rains, high winds, severe flooding and power outages, forecasters said. The rare "super storm," created by an Arctic jetstream wrapping itself around a tropical storm, could be the biggest to hit the U.S. mainland.

New York's subway, bus and rail systems will suspend service by 7 p.m. EDT on Sunday (2300 GMT) which means there will be no public transportation into or within the city. About 8.5 million commuters use the Metropolitan Transit Authority's rail, bus and subway lines daily.

New York City Mayor Michael Bloomberg closed public schools and ordered an evacuation of 375,000 people in coastal areas including the Battery Park neighborhood, just a few blocks from the New York Stock Exchange, City Island in the Bronx and Staten Island.

Spokesmen for NYSE Euronext and Nasdaq OMX Group said they still planned to open exchanges for trading on Monday, but would monitor the situation for any changes.

The New York Stock Exchange has arranged accommodations for essential staff near its lower-Manhattan headquarters, while other employees have been encouraged to work from home or alternate locations, said a person familiar with the situation.

"Everybody on Wall Street has hotels booked for essential personnel," this person said, adding that the stock exchange would need several hundred people, compared to its usual 1,000, on the floor to keep trading going.

The major exchanges and most big trading firms have alternate trading facilities if downtown Manhattan is inaccessible, but the storm's wide path may affect a number of sites in the New York metropolitan area. Authorities have warned of possible widespread power outages that could last for days.

"The word going around the floor on Friday was people should expect this to happen. In the event the exchange does not open, they will trade electronically though," said Ken Polcari, managing director for ICAP Equities.

"If that happened, it's probably going to be very muted volume," he said.

A spokesman for Goldman Sachs , whose office is located within the evacuation area, said the firm has plans in place to ensure the safety of its people and that operations continue. Representatives of other large financial institutions, such as Citigroup Inc and JP Morgan Chase , described similar plans.

BACKUP POWER

The NYSE has not had to delay the open for a weather-related issue since a blizzard hit the New York area in January 1996.

In August 2011, officials feared Hurricane Irene would flood lower Manhattan and cripple business in the world's financial capital. Wall Street firms activated contingency plans and New York City ordered evacuations in lower Manhattan and shut down its mass transit system on a Saturday night in anticipation of the storm. But the flooding was minor and there were no major disruptions at the exchanges.

Before the storm passed, however, NYSE officials said while they planned to open, the final decision hinged on whether city subways were running and whether New York Harbor waters flooded low-lying downtown.

Flooding is one of the more likely worst-case scenarios that forecasters see as Sandy pushes water onto land Monday evening.

Sandy's storm surge has the potential to flood New York city's subway system if the storm arrives at or near Monday evening's high tide around 9 p.m. EDT (0100 GMT), according to hurricane specialist Jeff Masters, who writes a Weather Underground blog. Monday is also a full moon, which creates an extra-high tide.

The NYSE has a backup power generator and said that should it have to shut down floor trading at 11 Wall Street, all NYSE-listed securities would trade on NYSE Arca, the company's fully electronic exchange. NYSE's servers are located in Mahwah, New Jersey, while Nasdaq has servers in Carteret, New Jersey.

"Preparations are in place for our U.S. markets to operate normally on Monday. If conditions change, notifications will be posted," the New York Stock Exchange said in a statement on its website.

Nasdaq OMX also said it has plans in place to ensure markets operate normally on Monday and Tuesday.

Both exchanges are in contact with trading firms and regulators, which include the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA), about the potential impact of the storm, said people with knowledge of the plans.

The Securities Industry and Financial Markets Association said it has not made any recommendations to close on Monday.

"SIFMA is currently monitoring the storm's projected path and we are in contact with public authorities and our members as we assess the possible impact of the storm to the financial services sector within the NYC area," SIFMA spokeswoman Katrina Cavalli said on Sunday morning in an e-mailed statement.

Some financial industry events have been postponed. The SIFMA Internal Auditors Society Annual Conference scheduled for Monday and Tuesday in New York has been delayed to December. The Bond Buyer's 501(c)3 SuperConference which was to take place October 28-30, will also be postponed.

(Reporting by John McCrank, David Gaffen, Caroline Humer, David Henry and Lauren LaCapra; Editing by Jennifer Merritt, Tiffany Wu and Maureen Bavdek)

Source: http://news.yahoo.com/wall-street-makes-plans-open-monday-even-sandy-170435405--sector.html

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শনিবার, ২৭ অক্টোবর, ২০১২

Good reads: Growth we missed, Berlin's awkward fit, and where kids know best

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Source: http://news.yahoo.com/good-reads-growth-missed-berlins-awkward-fit-where-164614208.html

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Lil Wayne Hospitalized After Suffering Seizure On Flight

Lil Wayne Hospitalized After Suffering Seizure On Flight

Lil Wayne suffered “seizure-like” symptoms on Thursday afternoon while aboard his private jet, forcing an emergency landing in Texas. The rapper was hospitalized after falling [...]

Lil Wayne Hospitalized After Suffering Seizure On Flight Stupid Celebrities Gossip Stupid Celebrities Gossip News

Source: http://stupidcelebrities.net/2012/10/lil-wayne-hospitalized-after-suffering-seizure-on-flight/

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শুক্রবার, ২৬ অক্টোবর, ২০১২

Buying A Foreclosure Is Often A Great Idea | Eric Chua : Life - First

Today buying real estate is a popular endeavor, and it can also be the beginning of a career. Being able to be sure that you are buying real estate from someone who is reliable and dependable is more important than ever. It is now time to begin. Here are some useful tips to start buying property.

You should hire a reputable Realtor when you are ready to purchase real estate property. It is possible to find information from both the Internet and the Better Business Bureau. Check with your friends and family first and foremost; they will typically have trustworthy recommendations.

Don?t purchase a dwelling that looks on or abuts a thoroughfare with a lot of traffic. Don?t purchase a bargain property that will only earn you a minimal amount of rental income. With all the noise accompanying a home in this location, it may be quite a bit more difficult to sell should you ever choose to.

TIP! If you are considering the purchase of a house, check the neighborhood out through the online sex offender registry to ensure there are none located nearby. Almost all states have public sex offender registries, but real estate agents and individual sellers probably won?t highlight the fact that sex offenders live nearby.

Don?t start looking for a home before you?re pre qualified. The most obvious reason to pre-qualify is that you might hit upon your dream home, only to find out that you can?t afford it with your current income and credit score. Loans can take a long time to get, and you will not want to sit around and wait any longer.

Foreclosed Homes

Take note that most foreclosed homes need repairs, so if you come across one keep that in mind. The majority of foreclosures have been sitting empty on the market for quite some time. The lack of a tenant means that maintenance has generally been neglected. Foreclosed homes often will require HVAC systems installed, and may be infested with pests.

TIP! Whenever you invest in real estate, always be mindful of your end goals. Are your goals short or long term? If the goals and investment don?t match, don?t consider it.

If you are looking to relocate, consider looking into the neighborhood that the house is located in online. You can discover a great deal of information this way. General demographics about the neighborhood, such as income levels and age distribution, can give you a good idea of what to expect if you were to move there.

Hire your own people to provide support services when you decide to purchase a residence. Sometimes the easy way out such as using the realtor?s inspector, is not such a good idea. That way, you could get these services for free, instead of having to pay for them. Nevertheless, you are safer in the long run if you find people you know you can trust to protect your interests. Being sure that you are getting the truth can really save you money in the long run.

You should get insurance before moving anyone or anything into your new home. If you don?t do this right away, you could lose everything, especially if you live in a hurricane or earthquake zone.

TIP! It is not necessary to purchase a home with fireplaces in every room. You will find that having more than one fireplace is a hassle, as they have to be cleaned regularly and are rarely used.

If you are going to be starting a new business, before you purchase your building, make sure that the location is in a viable and relatively safe neighborhood. By opening a business in a bad neighborhood, you are less likely to get a large customer base. Consult your real estate agent to find the best place to open your shop.

Credit Report

Before you begin a search for a new home, get a copy of your credit report and look it over. After you get your credit report, you will want to carefully scrutinize to see if there are any outstanding issues, and report the mistakes that you have found. You want to make sure your credit is in good shape as you head into the home buying process; this will help you secure a mortgage.

TIP! Stay in contact with other property investors and swap information with them. There is plenty of property, but not every piece of property is correct for every investor.

It must now be apparent why real estate buying is so very popular. There are multiple methods to do it. There is a lot of information pertaining to how to make a smart decision when buying real estate. Follow these tips, and you should find yourself well educated on how to purchase property correctly.

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Source: http://www.maynaseric.com/buying-a-foreclosure-is-often-a-great-idea

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Shot Pakistani girl "will rise again": father

BIRMINGHAM, England (Reuters) - The father of a Pakistani girl who was shot in the head by the Taliban for advocating girls' education said on Friday his daughter was strong and would "rise again" to pursue her dreams after receiving treatment in a British hospital.

Malala Yousufzai, 15, was flown from Pakistan to the British city of Birmingham to receive specialist treatment after the October 9 attack which drew widespread international condemnation.

She has become a powerful symbol of resistance to the radical Islamist group's effort to deny women an education.

Her father, Ziauddin Yousufzai, and other family members flew to Britain on Thursday to help their daughter's recovery.

"They wanted to kill her. But she fell temporarily. She will rise again. She will stand again," he said, his voice wavering and breaking with emotion as he spoke.

"It's a miracle for us ... She was in a very bad condition," he told reporters, sitting alongside his son.

"She is improving with encouraging speed."

Yousufzai began standing up to the Pakistani Taliban when she was 11, when the Islamabad government had effectively ceded control of the Swat Valley where she lives to the militants.

She has been in critical condition since gunmen shot her in the head and neck as she left school in Swat, northwest of Islamabad.

British doctors say she has every chance of making a good recovery at the special hospital unit, expert in dealing with complex trauma cases. It has treated hundreds of soldiers wounded in Afghanistan.

Her father said he and his family cried when they were finally reunited with Malala on Thursday. "We are very happy," he said. "I pray for her."

(Reporting by Stephen Eisenhammer, Writing by Maria Golovnina; editing by Steve Addison)

Source: http://news.yahoo.com/shot-pakistani-girl-recovering-fast-uk-father-103912733.html

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Real-estate Suggestions You Need To Know | Travel

You usually want to actually are as well informed as you possibly can when purchasing property so you get the best choices feasible. westview condos For that reason, ensure you see the details in this article. It?s in this article to assist you. You cant ever learn a lot of ideas. So break down these details, and you will find it valuable a day.

You should seem past the plastic elements of the home you are looking to acquire. If the walls are dingy, it only takes some amount of money to get a can of fresh paint and change it. However, the prior proprietor may have included within the ills of history with that same few $ $ $ $ of paint. Examine spot and key maintenance and never debit or credit the small issues.

Property prices are not occur natural stone at all, form or form. You ought to do not forget that everything?s a negotiation on this page. When the home is shown for $200,000, you may absolutely obtain it for hundreds less costly. If you make the provide however, don?t very low-ball it. Be sensible, and you may save a lot of money.

When you are not in any hurry to purchase a residence, look into the papers for residences that are outlined to increase for public auction. One particular homeowner?s reduction can be your obtain. You may get a residence for much less than market price by dealing with your home auction approach.

If you are considering buying a brand new home make sure that you take a look at a couple of choices prior to making one last decision. Getting also hasty may lead to you passing up on visiting a residence which might be a greater portion of a go with of the things you are interested in.

If you?re an experienced investor, take into account ?on the market by operator? qualities. On the market by manager qualities frequently present an outstanding expense chance for buyers who are aware of the purchase method, and who would prefer to save money on broker commission rates. There are various approaches to structure a FSBO package it?s dependent on locating the one which works the best for you.

Purchasing a property inside a made property recreation area can seem to be like a worthwhile idea. Understand that these areas quite often bring sizeable charges for new owners, and also fees if you ever wish to get rid of the residence from your park your car. Go through any and all components on or about the playground before you decide to agree to an investment.

Examine the zoning on house you are planning to get. Your ideas for growth, organizations or splitting plenty could be prevented through the zoning your property sits on. Look for with metropolis or area authorities before choosing a sheet of property you intend on generating main alterations to.

One particular essential suggestion with regards to property is that you simply seek advice from a number of spots for funding your home. This is very important due to the number of funding organization charges, programs, and legitimacy. Regardless of whether the first supply sounds wonderful, there might be greater discounts readily available. Usually have terms of your deal written in writing.

Get preapproved by way of a lender before you start your quest. Purchasing a house may go much easier if you have your fiscal support ready to go. By being aware of just how much you might be capable to borrow, you can goal your search more efficiently, and definately will provide an advantages if yet another party has an interest inside the very same house. Retailers are more inclined to go with the buyer using their financial loan all set.

Attempt to venture out browsing or looking at a specific house on a Sunday. There is certainly less traffic to deal with and you will be able to get a much better consider the property that you are thinking about buying. You can also get the information in the brokerage marketing the home during that time.

While searching for a house to purchase, you will find significant concerns you should contemplate to ensure that you acquire one which pleases your distinct demands. A very important factor which you need to determine is that if the home will fulfill your way of life. If you love to put together exquisite food, then you definitely will most likely want to discover a property using a large and properly-made cooking area.

Take some time purchasing for your residence before you decide to make contact with a real estate agent. When you have an idea of precisely what you are searching for and the correct cost range, 2-3 times your yearly gross, this makes the task for your personal real estate agent less difficult. Your agent could then objective particular properties that can make it on the short listing.

Be sure you take some time when you would like a property for your household. Should you speed the process you could end up setting up a error that will get several years to recover from. Get assistance from a skilled real estate agent to avoid getting into financial problems. You should even think about obtaining a 2nd specialist judgment prior to signing off of on nearly anything. You can?t be too careful.

When purchasing a house you need to seek out a single that includes a stream or stream bordering or dealing with an part of the home. Getting an eye-catching portion of normal water in close proximity can improve the price of versions home, especially if it hooks up to a larger sized physique water.

Be cautious of purchasing a house that features community dues. Be aware of what services are in the dues ask yourself if you are going to in fact use those activities. When you won?t, paying the costs don?t make a great deal of perception, and you may save money and become more joyful dwelling outside of the community.

The dream of having a property of your personal nonetheless is present, even though property has been around a downward period the recent years. If you are looking at investing in a home of your very own, you must do some research all on your own on rates and exactly how much properties in the area are actually marketing for. It is really not wise to depend upon your realtor to complete the research for you personally, or make certain you get the very best value. You could potentially most likely save a lot of money simply by spending a while carrying out a little research and you might get a excellent bargain on the aspiration residence.

As was stated at first of the report, getting real estate property can be a massive inconvenience for those who uneducated on the topic. If you are informed in regards to the shopping process, you can reduce any issues that develop. Following the guidance presented in this article can assist you lessen the pressure of buying a new house.

Source: http://nicoleevaemery.com/real-estate/real-estate-suggestions-you-need-to-know/

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Sandoval's 3 HRs lead Giants to 8-3 romp in opener

San Francisco Giants' Pablo Sandoval (48) watches his solo home run against the Detroit Tigers in the first inning during Game 1 of baseball's World Series on Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/The Sacramento Bee, Jose Luis Villegas) MAGS OUT; TV OUT (KCRA3, KXTV10, KOVR13, KUVS19, KMAZ31, KTXL40) MANDATORY CREDIT

San Francisco Giants' Pablo Sandoval (48) watches his solo home run against the Detroit Tigers in the first inning during Game 1 of baseball's World Series on Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/The Sacramento Bee, Jose Luis Villegas) MAGS OUT; TV OUT (KCRA3, KXTV10, KOVR13, KUVS19, KMAZ31, KTXL40) MANDATORY CREDIT

San Francisco Giants' Pablo Sandoval hits a two run home run during the third inning of Game 1 of baseball's World Series against the Detroit Tigers Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/Charlie Riedel)

San Francisco Giants' Pablo Sandoval hits a home run during the fifth inning of Game 1 of baseball's World Series against the Detroit Tigers Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/Marcio Jose Sanchez)

Detroit Tigers' Justin Verlander reacts after giving up an RBI single to San Francisco Giants' Marco Scutaro in the third inning, of Game 1 of baseball's World Series Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/Charlie Riedel)

San Francisco Giants' Barry Zito throws during the first inning of Game 1 of baseball's World Series against the Detroit Tigers Wednesday, Oct. 24, 2012, in San Francisco. (AP Photo/Marcio Jose Sanchez)

SAN FRANCISCO (AP) ? The Babe. Mr. October. El Hombre. And now Kung Fu Panda.

Pablo Sandoval joined Babe Ruth, Reggie Jackson and Albert Pujols as the only sluggers to hit three home runs in a World Series game, and the San Francisco Giants rolled over Justin Verlander and the Detroit Tigers 8-3 in Wednesday night's opener.

"I want to know what he ate for breakfast, so maybe we can get it for the rest of our team," Tigers catcher Alex Avila said.

Barry Zito ? remember him? ? won in his World Series debut, two years after poor performances caused the Giants to drop him from their postseason roster.

Coming off a Game 7 win over St. Louis on Monday night, the Giants looked fresh. Following a sweep of the Yankees and a five-day layoff, Detroit had a Rust Belt relapse reminiscent of its 7-2 loss to St. Louis in the 2006 opener.

"Man, I still can't believe it," Sandoval said. "When you're a little kid, you dream of being in the World Series."

Detroit tries to even the Series on Thursday night, sending Doug Fister to the mound against Madison Bumgarner. The winner of the opener has claimed the title 66 of 107 times, including eight of last nine. The NL is seeking to win three straight Series for first time since 1979-82.

"I think momentum is your next day's pitcher," Tigers manager Jim Leyland said.

A crowd of 42,855 in orange and black made the AT&T Park stands look like a large bowl of Halloween candy.

Sandoval hit a solo home run to right-center on a 95 mph 0-2 fastball at the letters in the first. He reached outside and hit a two-run, opposite-field drive to left in the third on another 95 mph pitch from Verlander, the reigning AL MVP and Cy Young winner. Then added another bases-empty shot into the center-field batter's eye in the fifth, this time on an 84 mph offspeed offering from Al Alburquerque.

Verlander was chased after allowing five runs and six hits in four innings, his shortest start this year, and he dropped to 0-3 with a 7.20 ERA in World Series play.

"I just didn't execute tonight," Verlander said.

Left off the 2010 postseason roster by the champion Giants, Zito shut out the Tigers until Triple Crown winner Miguel Cabrera's RBI single in the sixth. San Francisco won for the 14th straight time with Zito starting ? quite a turnaround from his image as a $126 million bust.

When Giants manager Bruce Bochy tried to call Zito on Tuesday to let him know he was getting the ball, Bochy couldn't get through. Turns out Zito had left his phone at the ballpark.

"Just the opportunity alone was mind-blowing. Me and my wife were dancing around when I heard," Zito said.

Sandoval, given his nickname for his roly-poly physique, was benched in four of five games during the 2010 World Series, his production and confidence down, his weight up. In the stands on this night, fans wearing furry panda hats celebrated with him.

"It's just a pleasure to be a part of it all," he said.

There had been only one previous three-homer game at the ballpark ? by the Dodgers' Kevin Elster in the very first game in 2000. No Giant had hit three at home since Barry Bonds back in 1994 at Candlestick Park.

Perhaps because AT&T has become a premier pitcher's park ? there were just 84 homers there this year, 25 fewer than any other big league stadium.

"I'll never forget it," Bochy said. "Three home runs on a stage like this, that's pretty impressive."

Ruth did it in 1926 and again in 1928, Jackson in 1977 and Pujols last year.

Sandoval also had success against Verlander in July, hitting the first bases-loaded triple in All-Star game history during a five-run first. The NL's 8-0 win wound up giving the Giants homefield advantage for the Series.

Marco Scutaro, the NL championship series MVP, twice hit RBI singles after doubles by Angel Pagan. NL batting champion Buster Posey contributed two hits, left fielder Gregor Blanco made diving catches to rob Cabrera and Prince Fielder, and Tim Lincecum came out of the bullpen to retire seven straight batters ? striking out five.

San Francisco kept getting good bounces, with Pagan hitting a double that hopped off the third-base bag at almost a right angle and into left field. ALCS MVP Delmon Young, meanwhile, failed to run after a tapper in front of the plate that the Giants turned into a double play.

When Sandoval faced struggling Tigers reliever Jose Valverde in the seventh, he became the first player to bat with a chance for a four-homer Series game since Ruth came up against the St. Louis Cardinals' Bill Hallahan in 1926. Ruth walked, and Cabrera stroked a single to left-center.

"We were hoping for a water shot," Giants pitcher Jeremy Affeldt said, "but he got a lousy single. Kind of killed the whole deal for us."

NOTES: Jhonny Peralta hit a two-run homer for the Tigers in the ninth off reliever George Kontos. ... This was the Giants' 50th World Series win. ... The team hosting the first two games has won 21 of the last 26 World Series: the exceptions were Toronto (1992), the Yankees (1999), Florida (2003), St. Louis (2006) and Philadelphia (2008).

Associated Press

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Mitt Romney's '$5 trillion tax cut': 5 things you should know

Romney has proposed about $5 trillion in specific, gross tax cuts over the next decade relative to current policy, most but not all of which would go to high-income taxpayers. He has also promised to offset a substantial portion of those cuts?presumably in the trillions of dollars?by reducing deductions and other tax breaks.

By Donald Marron,?Guest blogger / October 14, 2012

Republican presidential candidate, Mitt Romney waves to the crowd as he arrives for a rally in Richmond, Va., Friday, Oct. 12, 2012. There is speculation that Romney will propose nearly $5 trillion in tax cuts. Marron argues that without specifics, that figure is merely speculative.

Steve Helber/AP

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You?ve probably heard claims that Mitt Romney wants to cut taxes by $5 trillion. Here are five things you should know about that figure:

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The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is made up of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government. TaxVox is the Tax Policy Center's tax and budget policy blog.

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1. $5 trillion is the gross amount of tax cuts he has proposed, not the net impact of all his intended tax reforms.

Governor Romney has been very specific about the taxes he would cut. Most notably, he would reduce today?s individual income tax rates by one-fifth (so the 10 percent bracket would fall to 8 percent, the 35 percent to 28 percent, etc.) and reduce the corporate income tax rate from 35 percent to 25 percent. In addition, he would eliminate the alternative minimum tax (AMT), the estate tax, the taxes created in 2010?s health reform act, and taxes on capital gains, dividends, and interest for incomes up to $200,000 ($100,000 for singles). The $5 trillion figure reflects the revenue impact of all those cuts.

But Romney has also said that he intends his reforms to be revenue-neutral, with the specified revenue losses being offset by a combination of economic growth and unspecified cuts in deductions and other tax preferences. The net impact of his reforms would undoubtedly be less than $5 trillion, perhaps much less if he?s aggressive in going after tax breaks or willing to compromise on some of his other tax reform goals (e.g., not raising taxes on investment income). Without any details about what he would do, however, we can?t measure the net revenue impact of his ideas.

2.?$5 trillion is a 10-year extrapolation from a TPC estimate for 2015.

TPC has?estimated?that the gross tax cuts proposed by Romney would amount to $456 billion in 2015. Budget debates in Washington often focus on ten-year periods, so commentators have coalesced around a natural, if imprecise, extrapolation: multiply by 10 and round up because of a growing economy. Result: $5 trillion over ten years.

3.?$5 trillion does not include the impact of permanently extending many expiring tax cuts, including those from 2001 and 2003.

In budget parlance, the $5 trillion is measured against a current policy baseline, not a current law one. TPC?s current policy baseline assumes that many expiring tax cuts, including the 2001 and 2003 cuts, the AMT patch, the current version of the estate tax, and the tax credits enacted or expanded in 2009 will all be extended permanently. Romney proposes to extend all of these except the 2009 credits. Because it is measured against current policy, the $5 trillion figure does not include the revenue impact of any of those extensions (but does include a small revenue increase from expiration of the credits).

The current law baseline assumes all tax cuts expire as scheduled yielding almost $5 trillion more revenue than does current policy. Relative to current law, Romney?s tax proposal would thus be roughly a $10 trillion gross tax cut. (The same issue arises with President Obama?s tax proposals, which?we estimate?amount to a $2.1 trillion net tax increase relative to current policy, but a $2.8 trillion net tax cut relative to current law.)

4.?$5 trillion includes more than $1 trillion in gross tax cuts for families earning $200,000 or less.

Governor Romney?s specified tax cuts would go primarily to high-income taxpayers for a simple reason: they pay a large share of taxes and thus get a large benefit from a proportional reduction in tax rates. But that doesn?t mean that all the tax cuts go to top earners. Middle- and upper-middle income taxpayers would also get a gross tax reduction because of the reduction in tax rates, the elimination of taxes on capital gains, dividends, and interest for low and middle incomes, and, for some, the elimination of the AMT. Those gross tax cuts amount to more than $1 trillion over ten years.

5.?$5 trillion includes around $1 trillion in gross tax cuts for corporations.

Cutting the corporate income tax rate from 35 percent to 25 percent would lower corporate tax revenues by roughly $1 trillion over the next decade. Little-discussed in the current debate is whether and how Governor Romney would offset this revenue loss.

As he has rightly noted,?corporate taxes are ultimately borne by people, including workers and shareholders. Most of the corporate rate reductions would ultimately benefit high-income taxpayers since they own more investment assets and earn higher labor income. But about two-fifths of the benefit would go to low-, middle-, and upper-middle income workers and investors.

Bottom line: Governor Romney has proposed about $5 trillion in specific, gross tax cuts over the next decade relative to current policy, most but not all of which would go to high-income taxpayers. He has also promised to offset a substantial portion of those cuts?presumably in the trillions of dollars?by reducing deductions and other tax breaks, primarily for high-income households. Lacking any specifics, however, we can?t know what net tax cut, if any, he proposes.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on taxvox.taxpolicycenter.org.

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Politicians trade accusations over Libya attack (Washington Post)

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Pakistan: Car bombing kills 13 in northwest

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Kamloops Auto Financing for Bad Credit | No Credit-Bad Credit Car ...

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The Books: Twenty-Eight Artists and Two Saints, ?True Confessions ...

Next book on the essays shelf:

Twenty-eight Artists and Two Saints: Essays by Joan Acocella. The next essay is called ?True Confessions?, originally published in The New Yorker.

This essay is an example of what Joan Acocella does best. Although she is mainly known for her dance writing, as I mentioned in my other piece about this book, it was her book reviews that were the revelation for me. She seems to have, as her focus, modernist novels, but not the ones in the accepted canon. She seems to love writers who were caught in the crossfires of the collapse of the Austro-Hungarian Empire, writers whose books are magnificent but whose reputations have suffered over the years, due to being too obscure, or ? more practically ? just not translated into English, or translated badly. The upheaval of the First World War, and the years leading up to it, created an explosion in literature that changed the world. It was a paradigm shift. We changed how we thought about ourselves, and that was reflected in the writing. We lost our omniscient voice. We went inward. We were unsure, we were self-conscious, we were aware of ourselves. This is not to say that Man was never aware of himself before the First World War, that is obviously not the case. But the way in which language was used to express that awareness changed drastically. The old forms broke apart. The old traditions shattered. In the face of the devastation of that war, the old rules seemed too polite, too surface-oriented. A new form was needed. T.S. Eliot said of Joyce, ?He killed the 19th century.? This may be too broad a claim (Gertrude Stein certainly thought so, since she thought SHE was the one who had killed the 19th century), but the thought was palpable at the time. Let us not rely on what our forefathers did. Let us find a new form to express the new and uncertain world in which we live. This was not just true in literature. The same happened across the board in all art forms. Dance, music, architecture, fashion. Let us not forget, too, the influence of Freud ? which also may have been too broad ? some would say he did more harm than good ? but it cannot be denied that his work changed literature forever. There were always great novelists and artists who could express man?s interior. That was nothing new. There is nothing about the criminal mind and psychopathy that is not covered in Crime and Punishment. Hamlet is the most self-conscious character ever written. He is a ?modern? man. But these examples stand alone, surrounded by the texts and tone of the day. In the teens and 20s of the 20th century, it became the trend, a giant wave that could not be stopped, and we still live in that world today.

You cannot imagine Catcher in the Rye happening without there also being Portrait of the Artist as a Young Man almost forty years prior.The modernists were the future. They seemed to know it.

This is Acocella?s territory, and while the major names (Ulysses, Eliot, Pound) all show up in her writing repeatedly (these guys all knew each other and all intersected), she zeroes in on lesser-known writers, ones that did not ?cross over? into the canon, those caught up in the collapse of the Austro-Hungarian Empire, those not stylish enough, or English-speaking enough, to make it into our curriculum. I have her to thank for introducing me to Stefan Zweig. Joyce knew Zweig, and his name pops up in any Joyce biography, but I had never read his stuff. He?s phenomenal.

?True Confessions? is about Italo Svevo, the pen name of an Italian novelist (real name Ettore Schmitz). I am a well-read person. I had never heard of the guy. But now I have, thanks to Acocella. I haven?t read his books (there aren?t many, only three, I believe) but the way she talks about him is so fascinating I feel I must see what she is talking about. Has anyone out there read any Italo Svevo? I would love to hear from you!

?True Confessions? was published in The New Yorker in 2002, the occasion being a publishing revival of Italo Svevo?s work: new translations that Acocella finds wonderful, less old-fashioned than what we had before. So it was a literary event, to some degree.

While ?True Confessions? is a book review, it is also a literary biography. She opens with an arresting anecdote. In 1907, a 40-something Ettore Schmitz, living in Trieste, wanted to learn English and a young guy named James Joyce was recommended as a tutor. Joyce was 25. Dubliners wasn?t published yet, although it was complete. The two men hit it off. Joyce taught him English, and also showed Schmitz some of his poetry as well as a couple of stories from Dubliners. This was Schmitz?s opening. He unloaded on Joyce, telling him that he too was a writer, and he had written two books, years before, that had been ignored (small wonder: he had published them himself). Joyce asked to read them. Schmitz handed over the books. Joyce was blown away by them. He saw them in the tradition of French realism (certainly not modernist ? not yet, that was to come), and told Schmitz he should send them off to get published for real. But Schmitz did not. He had been heartbroken by the lack of response to his books. He was a businessman, working in the family paint-factory business. He lived in a world of merchants and accountants. He was married. He had given up the childish dream of being a writer. And then came World War One. Acocella writes:

Trieste was in an odd position in the conflict. It was part of the Austro-Hungarian Empire ? indeed, the empire?s major seaport ? yet historically it was Italian, and full of irredentist, ethnic Italians devoted to their homeland?s reclaiming of its former territories. At the start of the war, many members of Schmitz?s heavily irredentist family fled to Italy. His home, formerly crammed with relatives and servants, emptied out. At the same time, the Austro-Hungarian authorities closed down the paint factory. Schmitz and his wife, Livia, were stuck in the house with nothing to do, whereupon Svevo broke his vow and started writing again. When the war stopped, he didn?t, and barely coming down for meals ? he completed a new novel, Confessions of Zeno (La coscienza di Zeno).

Once again, Svevo self-published Confessions of Zeno and, same as so many years before, nobody read the damn thing. But he had not forgotten Joyce. He sent the manuscript to Joyce. Ulysses was published by Shakespeare & Co. in 1922 and Joyce was now a giant star. Joyce received the manuscript from Svevo (Schmitz), and flipped. Told Svevo to send it to Ford Madox Ford and T.S. Eliot, to Gilbert Seldes, to Parisian publishers ? Joyce hailed it as a great modernist novel. Svevo took Joyce?s advice (I love Joyce?s generosity), and the book was published and Svevo, after a long long period in a cocoon (almost 30 years) found himself a star. He was hailed as the first great Italian modernist writer. Confessions of Zeno was translated into other languages. Svevo hob-nobbed with his own idols, who all treated him as an equal. Acocella quotes one of his friends as saying, ?No writer ever so enjoyed his fame?, a great quote. Sadly, in 1928 he was killed in a car crash. He had been working on a sequel to Confessions of Zeno.

So that?s the set-up. Acocella describes it all in elegant fascinating prose (far better than I just described it), and you really get the sense of this humble slightly melancholy part-Jewish Italian businessman, who had literary ambitions, crushed by his father, but who got his shit together enough to write two books, and then lay in wait for twenty, thirty years, before exploding onto the scene with another book ? Confessions of Zeno, which brought him fame. His first two books, apparently, were brilliant but still in a 19th century painterly style. There was a third-person narrator, all that. But once Svevo discovered Freud (and he had mixed feelings about Freud: a family member had been analyzed by Freud and came out of the analysis crazier than before), and he was fascinated by Freud?s work in defense mechanisms, and self-justification. If there is anything we know as modern people, it is that when we narrate our own stories we are often not reliable, due to our justifications, our defense mechanisms. When literature utilizes that (as it rarely did prior to the 20th century), sometimes explosive results can occur. Svevo gave up the third-person narration entirely and made Confessions of Zeno into a first-person monologue spoken by a man to his psychiatrist. VERY modern. Psychology revealed.

I must read Confessions of Zeno. Thank you, Joan Acocella!

Here is an excerpt from this wonderful essay.

Twenty-eight Artists and Two Saints: Essays, ?True Confessions?, by Joan Acocella

He had been famous for two years, but, even in Italy, his fame was unstable. During his lifetime, it was the younger writers who lionized him; the established critics were not pleased to be told by the French that they had failed to recognize a prophet in their own land, and they defended their former position. Also, nobody knew how to place Svevo. In the words of his best biographer, P.N. Furbank, ?Attempts have been made to claim him for a variety of sectional interests ? for Triestine regionalism, Italian irredentism, and ?eternal-Jewishness?? (he was Jewish), but he always fell short of the required commitment. Furthermore, his best novel, Confessions of Zeno, was a comic novel, and comedy was not something that people in the 1920s associated with profundity.

Those who wished to dismiss him had something substantial to point to: his graceless Italian. Svevo?s native tongue was the Triestine dialect; his second language, the language of his schooling was German. (Hence his pen name, Italo Svevo: Swabian Italian.) Standard, Florentine Italian was a foreign language to him. That?s what he had to write in if he wanted a readership beyond Trieste, but he did not do it beautifully or even, on occasion, grammatically. ?The Italian of a bookkeeper,? critics said. There is an answer to this. Svevo?s characters were bookkeepers. The world of his fiction was Trieste, an unpoetic commercial city, home of bankers and traders and manufacturers, of which he was one. As Montale put it, ?The smell of the warehouse and cellar, the almost Goldonian charter of the Tergesto? ? the stock exhcange ? ?are they not the sure presence of a style?? They may be to us, who have soldiered through the unpoetic prose of Dreiser and Sinclair Lewis. But the critics of Svevo?s time were raised on d?Annunzio, and to them Svevo?s language was simply unliterary.

It wasn?t just in Italy, though, that Svevo was treated as second best. His work was never installed, as it should have been, in the pantheon of the modernist novel. I know people who have read The Man Without Qualities, both volumes, and Remembrance of Things Past, all seven volumes, who have never opened a book by Svevo.

They now have a chance to correct that oversight. Svevo is undergoing a publishing revival. A Life, in a perfectly decent 1961 translation by Archibald Colquhoun, has just been reprinted. As for Senilita and La consienza di Zeno, they were first translated into English in the thirties, by Beryl de Zoete, a dance scholar who fell in love with Svevo?s work and offered her services to his widow. De Zoete?s versions, entitled As a Man Grows Older and Confessions of Zeno are solid ? they are what we have known for seventy years of Svevo ? and they are still in print or, in the case of As a Man Grows Older, back in print, in the New York Review Books?s excellent ?classics? series. But they are old, older than Svevo in a way: fussy, Constance Garnett-ish. For years they have cried out for competition, and competition has now come. Beth Archer Brombert has produced a version of Senilita, called Emilio?s Carnival ? Svevo?s working title ? that is faithful in a way that de Zoete was not. Brombert?s language is very plain, and when she comes up against a knot in Svevo?s prose she does not try to untie it. (De Zoete did.) We have to puzzle through it, just like the Italians. The same rules seem to have guided the distinguished translator William Weaver in his new version of La conscienza di Zeno ? Zeno?s Conscience. I do not like his title. The Italian conscienza, like its French cognate, means both ?conscience? and ?consciousness.? There is no good way to translate it, and de Zoete?s throwing up of hands, with Confessions of Zeno, was probably the best solution. But the title is the only thing wrong with Weaver?s boo. Its appearance is an event in modern publishing. In it ? for the first time, I believe, in English ? we get the true, dark music, the pewter tints, of Svevo?s great last novel.

Source: http://www.sheilaomalley.com/?p=59194

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Self Improvement 101: The Very Best Tips And Tricks - Articles.org ...

At times, it can be difficult to determine what you need for effective self improvement. Personal development is just that- personal. That means what is required to improve will vary between different people. When you take this into consideration you will learn that it?s important to search for new tips regularly. This article will present you with a few to get your started.

If you are battling depression, it may be helpful to adjust your diet by increasing your intake of complex carbohydrates. A lack of complex carbs can lead to a shortage of serotonin, a significant factor in depression. A good way to increase your intake is by adding whole grains, beans, brown rice, nuts, fresh fruits and raw veggies to your diet.

Start contributing to an emergency fund. It is not good to pile up credit card bills when an unexpected emergency pops up. This makes you even less capable of dealing with an emergency in the future. Putting a few dollars a week into an emergency fund will add up over time. That fund can help us both in the short term and in the long term as our debt decreases instead of grows.

Eliminate any disorganization in your life. Organization will make you feel good about yourself, and make you feel confident. You will also help relieve stress that is caused by disorganization. Having everything put away and neatly organized can give you a sense of peace.

Try talking to the pastor at your church, or a therapist; it can help. Not only have they been trained to deal in personal growth, their experience in these issues is what makes them a good choice to speak with. These impartial listeners can provide a sympathetic ear or help you deal with troublesome areas of your life. Discussing your problems in a safe environment with a licensed professional, can really make all the difference and leave you feeling much better.

Get to know what habits successful people have, and then incorporate them in your lifestyle. Start with a couple habits and then practice them until they?re permanent parts of your life. Be patient because it takes time to develop a new habit.

Scrutinize your heart, soul and mind rather than being engrossed with your physical appearance. It really does not matter what expensive clothing you wear, or if you look like someone from a magazine shoot. In the end, your disposition and attitude will be your defining features. Instead of making cosmetic changes, put more effort into improving your inner self.

You can benefit by learning about other individuals who are a success. You can avoid both personal and business mistakes by knowing the trials that others have faced. Reading about positive experiences others have had, as well as lessons learned, can really enhance your self improvement.

You must have a positive attitude in order to grow as an individual. Bad attitudes usually lead you to some place you would rather not be and nearly always impede progress. Instead, let go of negative thinking. Make a choice everyday to look on the positive side of things and watch your goal progression improve.

It is possible to deal with the tough situations that arise in everyone?s life without becoming overly emotional. By learning how to remain calm during stressful situations, you have a higher chance of increasing your confidence needed for conquering any obstacle in your life. Learning to breathe deeply upon command can give you back your sense of control.

One important aspect of personal development is making the choice to lead a healthier life. It?s a well-known fact that a healthy body is a happy body. When you radiate health you are feeling strong and mentally alert. You will spend less time on health issues and more time enjoying your life. It should be a priority to become more healthy.

Employers put a greater emphasis on your ability to work, than the name of the school that you attended. Of course, there are some exceptions, such as the large financial institutions. Any degree from any school will open doors in your chosen field.

Everybody is different. Be sure to analyze this article for content that can help you specifically. The only way to gain any type of success is if you apply the material you just learned. If you know of anyone who could also pick up useful advice from this piece, pass it along and help them begin the journey to becoming a more well-rounded individual

Learn more information about Things Everyone Can Do To Help Personal Development.

Source: http://articles.org/self-improvement-101-the-very-best-tips-and-tricks/

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Source: http://harrington42.typepad.com/blog/2012/10/self-improvement-101-the-very-best-tips-and-tricks-articlesorg.html

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শুক্রবার, ১২ অক্টোবর, ২০১২

Plan to streamline solar development in West OK'd

SAN FRANCISCO (AP) ? Federal officials on Friday approved a plan that sets aside 445 square miles of public land for the development of large-scale solar power plants, cementing a new government approach to renewable energy development in the West after years of delays and false starts.

At a news conference in Las Vegas, Interior Secretary Ken Salazar called the new plan a "roadmap ... that will lead to faster, smarter utility-scale solar development on public lands."

The plan replaces the department's previous first-come, first-served system of approving solar projects, which let developers choose where they wanted to build utility-scale solar sites and allowed for land speculation.

The department no longer will decide projects within the zones on a case-by-case basis as it had since 2005, when solar developers began filing applications. Instead, the department will direct development to land it has identified as having fewer wildlife and natural-resource obstacles.

The government is establishing 17 new "solar energy zones" on 285,000 acres in six states: California, Nevada, Arizona, Utah, Colorado and New Mexico. More than half of the land ? 153,627 acres ? is in Southern California.

Interior also established 19 million acres ? nearly 30,000 square miles ? of so-called "variance zones" that will allow developers to propose solar projects in those areas. Environmental and other review of projects proposed in variance zones would be handled on a case-by-case basis.

The Obama administration has authorized 10,000 megawatts of solar, wind and geothermal projects that, when built, would provide enough energy to power more than 3.5 million homes, Salazar said.

Secretary of Energy Steven Chu said the effort will help the U.S. stay competitive.

"There is a global race to develop renewable energy technologies ? and this effort will help us win this race by expanding solar energy production while reducing permitting costs," Chu said in a statement.

The new solar energy zones were chosen because they are near existing power lines, allowing for quick delivery to energy-hungry cities. Also, the chosen sites have fewer of the environmental concerns ? such as endangered desert tortoise habitat ? that have plagued other projects.

Environmental groups like the Nature Conservancy that had been critical of the federal government's previous approach to solar development in the desert applauded the new plan.

"We can develop the clean, renewable energy that is essential to our future while protecting our iconic desert landscapes by directing development to areas that are more degraded," said Michael Powelson, the conservancy's North American director of energy programs.

Some solar developers that already are building projects were complimentary of the new approach, saying it will help diversify the country's energy portfolio more quickly.

Still, some cautioned that the new plan could still get mired in the same pattern of delay and inefficiency that hampered previous efforts, and they urged the government to continue pushing solar projects forward.

"The Bureau of Land Management must ensure pending projects do not get bogged down in more bureaucratic processes," said Rhone Resch, president of the Solar Energy Industries Association.

Salazar said the country four years ago was importing 60 percent of its oil, and that number has dropped to 45 percent today.

"We can see the energy independence of the United States within our grasp," he said.

___

Jason Dearen can be reached at http://www.twitter.com/JHDearen .

___

Online:

Map of the new solar energy zones: http://on.doi.gov/SWf5y1

Source: http://news.yahoo.com/plan-streamline-solar-development-west-okd-174839054--finance.html

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বৃহস্পতিবার, ১১ অক্টোবর, ২০১২

Kenya's cell phone users clock 29.7mn

Today, we find that many of the western countries have advanced telecom industries. Communication plays a very vital part in the success of the economy of the country. Since these countries had access to modern technology through the support of their government for such innovations, they have made rapid strides.That is the basic reason why we find that a significant part of the population in these countries are mobile phone users. Africa on the other hand, has seen a lot of setbacks due to a variety of factors, and hence its slow pace to keep up with new technologies.

Many people in different parts of the world think of Africa as an impoverished place, that is ravaged by war and disease, but it is quite the contrary. On the aspect of technological advancement, the last decade has seen a sharp increase in technology on the continent. The number of mobile phone users has gone up substantially and Africa is now the second largest market in the world with over 600 million subscribers.

It is seen that Kenya has always been in the forefront of development. With a population of around 42mn, and a GDP Purchasing Power Parity of around US$66.03 Billion (As of 2011), Kenya remains a strong economic powerhouse on the face of Africa. During the last quarter of 2012, CCK (Communication Commission of Kenya) has announced that the country?s total number of mobile subscribers was an incredible 29.7mn, in a country of 41mn people!

This number firmly makes Kenya as one of the countries in Africa with the highest mobile penetration rates of 75.4 percent, signifying a growth of 17.5 percent from 25.2 million recorded in the 2010/2011 period. The Kenyan market has accepted the mobile phone as a primary form of communication. This access to mobile phones has even surpassed access to banks which were present here long before the mobile phones. The country heavily relies on mobile phones for both personal and commercial use. Most of the people use their mobile phones for money transaction innovations like M-pesa that has been built by the GSM networks in the country.

The rise in the number of mobiles could also be attributed to an increase in the middle class population and also government policies that are giving rise to a healthy and competitive telecommunication industry. Some of the recent policies include connecting Kenya to the rest of the world using fiber optic cables. The under sea fiber optic cable has contributed to the increase of mobile phone penetration because the GSM networks use this as a medium to provide Internet services, through SIM cards. A majority of the Kenyan population access Internet through mobile phone devices.

Source: http://www.kuzabiashara.co.ke/kenya%E2%80%99s-cell-phone-users-clock-29.7mn-21144/

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