Translate

Search This Blog

Search Tool




Sep 17, 2011

President Obama to Seek Higher Tax Rate on Millionaires: NYT: Breaking News



Breaking News
The New York Times
Saturday, September 17, 2011
-----

President Obama to Seek Higher Tax Rate on Millionaires

President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, administration officials said.

With a special joint Congressional committee starting work to reach a bipartisan budget deal, the proposal adds a populist feature to Mr. Obama’s effort to raise the political pressure on Republicans to agree to higher revenues from the wealthy in return for Democrats’ support of future savings from Medicare and Medicaid.

Mr. Obama, in a bit of political salesmanship, will call his proposal the Buffett Rule, in a reference to Warren E. Buffett, the billionaire investor who has complained that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate.

Read More:
http://www.nytimes.com/2011/09/18/us/politics/obama-tax-plan-would-ask-more-of-millionaires.html?emc=na



NYT: Today's Hadlines : Palestinians Set Bid for U.N. Seat, Clashing With U.S.



TOP NEWS

Palestinians Set Bid for U.N. Seat, Clashing With U.S.

By ETHAN BRONNER and ISABEL KERSHNER
The Palestinian president, Mahmoud Abbas, said he would seek membership for a state of Palestine from the United Nations Security Council next week.

Advice on Debt? Europe Suggests U.S. Can Keep It

By STEPHEN CASTLE and LOUISE STORY
Treasury Secretary Timothy F. Geithner warned that failure to act could leave the fate of Europe to outsiders.

U.A.W. Reaches Tentative Agreement With G.M.

By NICK BUNKLEY
The United Automobile Workers and General Motors said late Friday that they had reached a tentative agreement on a contract.
QUOTATION OF THE DAY
"We need a state, a seat at the United Nations."
MAHMOUD ABBAS, the Palestinian president.

Sports

Slide Show: South Side Odyssey

The University of Chicago's football team has had a complicated history.
Opinion
Let's Talk About Death
Opinionator | The Thread

Let's Talk About Death

A lot of time was spent this week discussing whom it was O.K. to kill - or perhaps just let die.
WORLD

Libya Counts More Martyrs Than Bodies

By ROD NORDLAND
The death toll from the Libyan uprising has become a politically delicate issue, with some new government officials refusing to release hard statistics on casualties.
The Saturday Profile

A Man of God and Technology, Trying to Steady Libya

By ANNE BARNARD
Aref Nayed, a Muslim theologian who has also run a technology company, is the Transitional National Council's coordinator for the stabilization of Libya.

After Generations of Making Do, Yemenis Take Their New Hardships in Stride

By LAURA KASINOF
Yemen's deterioration would seem to have outpaced its political paralysis, but Yemenis have learned to fend for themselves for generations, and people adapt.
U.S.

3 Are Dead and Dozens Injured in Crash of Vintage Plane at Show

By ELIZABETH A. HARRIS
A World War II-era plane plunged into the stands at an air show, killing at least two people, injuring more than 50 spectators and leaving a scene strewn with body parts.

On Day Devoted to Constitution, a Fight Over It

By KATE ZERNIKE
The struggle over Constitution Day is yet another proxy in the fight over the proper role of government.

Digital Age Drives Rally to Keep a Georgia Inmate From Execution

By KIM SEVERSON
As Troy Davis faces his fourth execution date, the machine attempting to save him has become so intense that it rivals campaigns in the most celebrated death row cases in recent history.
POLITICS

Support for Obama Slips; Unease on 2012 Candidates

By JEFF ZELENY and MEGAN THEE-BRENAN
President Obama's support is eroding among elements of his base, and Republicans have not coalesced around a candidate, a New York Times/CBS News poll found.
Political Memo

Sure, Obama Can Fire His Staff. So Should He?

By MATT BAI
If President Obama gets rid of his top aides, he would be judging them by exactly the criteria that he is asking the public to set aside.

Questions Raised Over Letting Another Lender Help a Failing Solar Company

By MATTHEW L. WALD
A decision gave Solyndra a chance to survive, but it also forced the government to waive its privilege as first creditor in the event of a bankruptcy, which then occurred.
BUSINESS

Columbia Professor Is Linked to Insider Trading Case

By DUFF WILSON
Dr. Andrew S. Bomback, a kidney expert, gave unpublished information to a hedge fund, prompting Massachusetts to regulate interactions between experts and traders.
DealBook

UBS Faces Questions on Oversight After a Trader Lost $2 Billion

By SUSANNE CRAIG, BEN PROTESS and MATTHEW SALTMARSH
British regulators want to know why the Swiss bank failed to detect the huge losses that a trader was piling up.

A Dash of Cold Water

By ANDREW MARTIN and ELISABETH ROSENTHAL
The modest sales of cold-water laundry detergents suggest that skeptical consumers are more concerned about getting the clothes clean than being green.
TECHNOLOGY

Berlin Hopes Growing Tech Community Will Lift City's Economy

By NICHOLAS KULISH
Internet start-ups and a lively community of entrepreneurs have joined tourism as positive signs for Germany's capital, where unemployment is high.
Video Game Review

No Blood, No Gore, Just Megatons of Steel

By SETH SCHIESEL
If you're tiring of elves, demons and aliens, you may find a visceral impact instead by playing World of Tanks.
Sunday Routine | David Karp

Kill the Alarm; Rev Up the Vespa

By ASHLEY PARKER
On Sundays, Tumblr's founder, David Karp, and his girlfriend, Rachel Eakley, like to explore the West Village and play with their puppy.
SPORTS

Where Football and Higher Education Do Mix

By BARRY BEARAK
Football at academically rigorous University of Chicago, which was abandoned from 1939 to 1969 for being an "infernal nuisance," is thriving again, in its own measured terms.

Syracuse and Pitt in Talks With A.C.C.

By PETE THAMEL
The discussions show how the creeping trend toward 16-team super conferences - which has concerned so many college athletics officials - appears to be inching closer to reality.

Quick as a Cat, a Coach and His Message Find Fame on the Internet

By JULIET MACUR
A video of Coastal Carolina's David Bennett explaining how his team needed to be more like "dawgs" has gone viral.
ARTS
Critic's Notebook

Drop of Opera in a Downpour of Pop

By ANTHONY TOMMASINI
Andrea Bocelli's free Central Park concert brought out thousands, even with rain, for a pop-culture extravaganza that diminished the presence of the New York Philharmonic.
A Word With: Merrill Brockway

'Dance in America' for a New Generation

By JULIE BLOOM
Merrill Brockway discusses his decision to donate his archive of tapes from the "Dance in America" program to the National Dance Institute of New Mexico.

Unusual Benefactor Finances Book Tour

By JULIE BOSMAN
Leymah Gbowee, a relatively unknown author of a memoir, "Mighty Be Our Powers," describing her life as a peace activist in war-torn Liberia, has an unexpected sponsor for her book tour.
NEW YORK / REGION

Court Filing Details Shortcomings of Airport Screeners on 9/11

By BENJAMIN WEISER
Documents were filed in the only remaining wrongful-death lawsuit still pending out of nearly 100 filed after the attacks.

Couple Accused of Stealing Millions Intended for Preschoolers' Meals

By SHARON OTTERMAN
A complaint accuses Joanna Fan and her husband, Ziming Shen, of siphoning money from accounts of the Red Apple Child Development Center.

Gay-Marriage Foes See Message in House Race

By THOMAS KAPLAN
The leader of a group that opposes same-sex marriage says the candidates' views on the subject played a role in the election of Representative Bob Turner.
TRAVEL

Suriname, South America's Hidden Treasure

By SIMON ROMERO
A place out of time where Asia, Africa and the Netherlands meet, the languages dazzle and rivers lead to new frontiers.

36 Hours in Quito, Ecuador

By MICHELLE HIGGINS
With its rich cultural traditions and an architectural heritage that spans the centuries, Quito is more than just a stop on the way to the Galápagos.
Practical Traveler

Where the Bargains Are

By MICHELLE HIGGINS
If you're looking for five-star service at three-star prices, consider Latin America for your next vacation.
EDITORIALS
Editorial

Borderline Ridiculous

The Republican presidential candidates get immigration wrong, supporting a sealed border rather than sensible reform.
Editorial

Tehran's Ambitions

A report from the International Atomic Energy Agency expresses deep concern about Iran's nuclear related activities. The U.S. and its allies should push for tougher sanctions.
Editorial

Stay of Execution

Duane Buck's execution was halted because race was a factor in his sentencing. His case is proof again that the death penalty is arbitrary and discriminatory.
OP-ED
Op-Ed Contributor

Learning From Hammarskjold

By BRIAN URQUHART
Dag Hammarskjold's resolute international leadership has never been equaled.
Op-Ed Columnist

For Jobs, It's War

By CHARLES M. BLOW
The United States is not poised to fight the global battles for good jobs.
Op-Ed Columnist

Killing Jobs and Making Us Sick

By JOE NOCERA
The Republicans' refusal to properly fund the new food safety law is an absurd example of politicians hurt the economy.
ON THIS DAY
On Sept. 17, 1862, Union forces hurled back a Confederate invasion of Maryland in the Civil War battle of Antietam. With 23,100 killed, wounded or captured, it remains the bloodiest day in U.S. military history.

MarketWatch | Weekly Roundup - The week's top 10 videos



MarketWatch

Weekly Roundup
SEPTEMBER 17, 2011

The week's top 10 videos on MarketWatch

By MarketWatch



In case you missed them, here are the 10 most popular videos that appeared on MarketWatch for the week of Sept. 12-16:

Hands-on with Windows 8

Ina Fried shows the old and new Windows that live side-by-side in the next version of Microsoft's flagship operating system.
 Watch Video Report.


The other climate theory

Anne Jolis on how solar flares may be driving long-term weather trends.
 Watch Video Report.


Timing before and after Lehman collapse

Mark Hulbert looks at the record of market-timing newsletters in the periods before and after the collapse of Lehman Brothers, and the results aren't that great.
 Watch Video Report.


Overseas banks want ‘living will' exemption

Foreign banks with a small U.S. presence are pushing for exemption from new rules that would require them to submit "living wills" to U.S. regulators outlining how they would be liquidated in the event of a failure, Susan Kapner reports on Markets Hub.
 Watch Video Report.


Will Europe debt crisis spill over to U.S.?

Treasury Sec. Geithner publicly played down concerns that the euro zone's debt crisis could spill over and harm U.S. markets and the economy. But there are many ways the U.S. is exposed to Europe as Justin Lahart explains.
 Watch Video Report.


Paul Simon ‘Sound of Silence' at 9/11 memorial

Paul Simon played a moving performance of "The Sound Of Silence" at the 9/11 Memorial Sunday.
 Watch Video Report.


Highest paid entertainer in Hollywood

Christopher Farley tells us who the highest paid entertainment in Hollywood is.
 Watch Video Report.


Jim Rogers on China investment in Southeast Asia

Jim Rogers speaks about Singapore as a financial capital in Asia and about China's investments in Southeast Asian countries.
 Watch Video Report.


Economists raise recession odds

Economists polled by the Wall Street Journal now see a one in three chance the U.S. will slip into recession in the next 12 months and are doubtful anything the Fed can change that. Phil Izzo has details.
 Watch Video Report.


It's Missoni madness at Target

Ann Zimmerman has the story of Missoni shoppers who stormed Target stores across the country and crashed the company's website.
 Watch Video Report.

The Washington PostToday's Headlines: Today's Highlights / Nation / Metro/ Politics / Style / Sports / World / Live Discussions / Technology / Editorial / Business

 The Washington Post

TODAY'S HEADLINESTODAY'S HIGHLIGHTS



Reno air race spokesman describes crash at grandstand as ‘mass casualty situation’
RENO, Nev. — A plane plunged into the stands at an air race event in Reno in what an official described as a “mass casualty situation.”
(By Associated Press)

Book says White House plagued by divisions
A book by veteran journalist Ron Suskind portrays the Obama White House as riven by infighting.
(By Peter Wallsten and Zachary A. Goldfarb)

Egypt’s military rulers assert wider power
Country’s interim leaders are reviving and broadening laws used to detain dissidents under Mubarak.
(By Anthony Faiola)

U.S. increases Yemen drone strikes
Attacks against the country’s al-Qaeda affiliate are up amid concern of political collapse there; intended targets must be drawn from an approved list of key members of al-Qaeda
(By Karen DeYoung)

Bowie State student charged with killing roommate
“I didn’t mean to do it,” Alexis Simpson reportedly said, according to court papers. Witnesses said the suite roommates didn’t get along and had been arguing for weeks.
(By Matt Zapotosky, Erica W. Morrison and Jenna Johnson)

NATION
Elwha Dam removal illustrates growing movement
Communities across the country are tearing down dams in key waterways that can generate more economic benefits when they’re unfettered than controlled.
( by Juliet Eilperin , The Washington Post)

Dengue outbreak hits Bahamas, CDC says
Federal health officials issue an alert about a dengue outbreak in the Bahamas. Two Northern Virginia children are sickened with the mosquito-borne disease after vacationing there.
( by Lena H. Sun , The Washington Post)

Taiwan arms package doesn’t include new planes
Some members of Congress are angry at the Obama administration’s offer to refurbish but not replace fighter jets for Taiwan.
( by William Wan and Andrew Higgins , The Washington Post)

U.S. increases Yemen drone strikes
Attacks against the country’s al-Qaeda affiliate are up amid concern of political collapse there; intended targets must be drawn from an approved list of key members of al-Qaeda
( by Karen DeYoung , The Washington Post)

What would Reagan do?
Today’s candidates should pay more than rhetorical tribute to Reagan and the Constitution by emulating what he, and it, really represent.
( by Ken Adelman , The Washington Post)



METRO
New D.C. rain record?
Recent rainfall in the D.C. area might have been once-in-millennium event, the National Weather Service said.
( by Martin Weil , The Washington Post)

Intruders in College Park
Three female students at the University of Maryland reported that they were touched improperly by male strangers Sept. 9 as they slept, authorities said. Two of the incidents occurred off campus.
( by Martin Weil and Clarence Williams , The Washington Post)

Blessed Coffee gets Md. officials’ blessings
Ethiopian-born businessman holds event to publicize Blessed Coffee, an online business that he hopes to expand to brick and mortar.
( by Jeremy Borden , The Washington Post)

Bowie State student charged with killing roommate
“I didn’t mean to do it,” Alexis Simpson reportedly said, according to court papers. Witnesses said the suite roommates didn’t get along and had been arguing for weeks.
( by Matt Zapotosky, Erica W. Morrison and Jenna Johnson , The Washington Post)

New member on the Metro board
Virginia Gov. Robert F. McDonnell appoints a new member to serve on Metro’s board of directors.
( by Anita Kumar and Dana Hedgpeth , The Washington Post)


POLITICS
Book says White House plagued by divisions
A book by veteran journalist Ron Suskind portrays the Obama White House as riven by infighting.
( by Peter Wallsten and Zachary A. Goldfarb , The Washington Post)

Atilt toward Perry in Iowa
After casting about for just the right Republican to take on President Obama, some Iowans believe Texas Gov. Rick Perry is the right one.
( by Philip Rucker , The Washington Post)

New member on the Metro board
Virginia Gov. Robert F. McDonnell appoints a new member to serve on Metro’s board of directors.
( by Anita Kumar and Dana Hedgpeth , The Washington Post)

Clean-energy loans continue
Amid Solyndra probe, Energy Department has to move billions in loan guarantees to clean-technology firms.
( by Joe Stephens and Carol D. Leonnig , The Washington Post)

D.C. to decide whether to spend surplus
The District ends the fiscal year with an $89 million windfall, but the chief financial adviser warns that difficult choices loom.
( by Tim Craig , The Washington Post)


STYLE
Plus (or minus) one
A woman’s boyfriend who doesn’t want to be her date to four weddings.
(, The Washington Post)

Fall’s guilty pleasure: ABC’s ‘Revenge’
It’s the show most likely to fall under the radar, but don’t let it.
( by Emily Yahr , The Washington Post)

Eiko and Koma dance concert
Dance review: Eiko and Koma perform in Japanese butoh style at Clarice Smith Center for the Performing Arts.
( by Sarah Halzack , The Washington Post)

Celebrating Dvorak’s birthday
The Embassy of the Czech Republic celebrates the 170th anniversary of Dvorak’s birth.
( by Charles T. Downey , The Washington Post)

Tareq Salahi files for divorce
Tareq Salahi filed for divorce from Michaele, saying his wife had an affair with Journey guitarist Neal Schon.
(, The Washington Post)


SPORTS
Terps, Mountaineers are tops on TV
The noon game between bitter rivals Maryland and West Virginia holds sway among early games on television.
(, The Washington Post)

TV and radio listings: September 17

(, The Washington Post)

Gazette: Blake 15, Watkins Mill 10
The Bengals rally for a come-from-behind win to improve to 2-1.
( by Dan Greenberg , The Washington Post)

Westfield 45, L. Braddock 7
The No. 4 Bulldogs score on six of their first seven drives of the game en route to a 45-7 win over Lake Braddock.
( by Paul Tenorio , The Washington Post)

All-around success for Gaithersburg
Wide receivers Billy Brown and Simba Gwashavanhu combine for three touchdowns as the Trojans race past Sherwood, 29-21.
( by Josh Barr , The Washington Post)


WORLD
Haiti closer to forming new government
The earthquake-ravaged nation’s lower house of Parliament on Friday approved the nomination of a U.N. development expert to serve as prime minister.
( Reuters , The Washington Post)

Fired Venezuelan oilmen thrive in Colombia
Executive and workers banished by Hugo Chavez are helping boost the country’s oil production.
( by Juan Forero in PUERTO GAITAN, Colombia , The Washington Post)

Taiwan arms package doesn’t include new planes
Some members of Congress are angry at the Obama administration’s offer to refurbish but not replace fighter jets for Taiwan.
( by William Wan and Andrew Higgins , The Washington Post)

U.S. increases Yemen drone strikes
Attacks against the country’s al-Qaeda affiliate are up amid concern of political collapse there; intended targets must be drawn from an approved list of key members of al-Qaeda
( by Karen DeYoung , The Washington Post)

Libyan forces move against holdouts
Libyan fighters came under heavy fire Friday as they tried to push into key strongholds of former leader Moammar Gaddafi.
( by Simon Denyer , The Washington Post)


LIVE DISCUSSIONS
Ask Boswell
Sports Columnist Tom Boswell will take your questions about baseball, the Redskins, the Wizards and more.
(, vForum)

ComPost Live with Alexandra Petri
The Compost, written by Alexandra Petri, offers a lighter take on the news and political in(s)anity of the day.
(, vForum)

Opinion Focus with Eugene Robinson
Washington Post columnist Eugene Robinson discusses his recent columns and the latest news in a live Q&A.
(, vForum)

Debt Ceiling drama: Why Jonathan Capehart thinks your voice needs to be heard
In his Post-Partisan blog post today, Opinion writer Jonathan Capehart said that "Folks should be marching on the Capitol" in protest of the way the debt issue is being handled. Do you agree?
(, vForum)

Chatological Humor: Monthly with Moron
Gene Weingarten takes polls and chats about his recent columns.
(, vForum)


TECHNOLOGY
Solar-Powered Bulb Provides Light After Dark

( by TechCrunch.com , TechCrunch.com)

Sony’s New PSN Terms Of Service Prevent You From Joining Class Action Suits Against Sony

( by TechCrunch.com , TechCrunch.com)

Paul, I Accept Your Resignation

( by TechCrunch.com , TechCrunch.com)

Six Must-Watch On-Stage Videos From Disrupt

( by TechCrunch.com , TechCrunch.com)

Seven States Oppose AT&T/T-Mobile Merger, AT&T Isn’t Worried

( by TechCrunch.com , TechCrunch.com)


EDITORIAL
A third-party solution

(, The Washington Post)

Bahrain’s progress — or not

(, The Washington Post)

Jobless and retirees need help too

(, The Washington Post)

Rewarding excellence
D.C. teachers buying in to teacher-evaluation system
( by Editorial , The Washington Post)

Our man in Damascus
Why Ambassador Robert S. Ford deserves confirmation.
( by Editorial , The Washington Post)


BUSINESS
Solar-Powered Bulb Provides Light After Dark

( by TechCrunch.com , TechCrunch.com)

Sony’s New PSN Terms Of Service Prevent You From Joining Class Action Suits Against Sony

( by TechCrunch.com , TechCrunch.com)

Paul, I Accept Your Resignation

( by TechCrunch.com , TechCrunch.com)

Jobless rate climbs in D.C., Md., Va.
The unemployment rate in the District jumped to a nearly record high of 11.1 percent in August and is creeping up in Maryland and Virginia.
( by V. Dion Haynes , The Washington Post)

Law firm takes on big banks in housing bust
Years before the financial crisis, Quinn Emanuel Urquhart & Sullivan moved away from representing major banks to suing them. That decision has paid off.
( by Brady Dennis , The Washington Post)