Dec 2, 2012

NYT Totay's Headlines -December 2, 2012-.: Flow of Arms to Syria Through Iraq Persists, to U.S. Dismay

 
 
TOP NEWS

Flow of Arms to Syria Through Iraq Persists, to U.S. Dismay

By MICHAEL R. GORDON, ERIC SCHMITT and TIM ARANGO.
Iraqi airspace has emerged as a main supply route for weapons from Iran, which has an enormous stake in Syria, at a time when President Bashar al-Assad is under increasing pressure from rebel fighters.

Aide to Obama Faces a Big Test in Fiscal Talks

By SHERYL GAY STOLBERG
Quiet, religious and fiercely meticulous, President Obama's chief of staff, Jacob J. Lew, may be the most unassuming power broker in Washington.
United States of Subsidies

As Companies Seek Tax Deals, Governments Pay High Price

By LOUISE STORY
States, cities and counties are giving up more than $80 billion a year to attract or keep companies and the jobs they provide. But officials and governments rarely track how many jobs follow, and many do not know the value of all their awards.
QUOTATION OF THE DAY
"Surviving spouses are trapped without a clear way to preserve their home."
ARABELLE MALINIS, a housing lawyer, on a rise in foreclosures against widows whose husbands alone were holders of the mortgage.

Business

Video: Border War

Incentives are made in the name of job creation, but the balance between lower taxes for businesses and benefits to the community is rarely clear-cut.
Opinion
Opinion

New Love: A Short Shelf Life

The thrill fades almost as quickly as the joy of a new job, new home or new coat.
POLITICS
FiveThirtyEight

Polls Show Below-Average Post-Election Approval Bounce for Obama

By MICAH COHEN
Most recent presidents -- whether they were running for re-election or retiring and whether they won or lost -- received a larger boost to their approval ratings after Election Day than President Obama did.
Debt Reckoning

If Deal Is Not Reached, the Impact Won't Be Instant

Unlike with other cases, government agencies are not facing loss of authority to spend money, and some of the tax and spending changes would not be felt for months.
The Texas Tribune

Democrats Expect a Deal on Medicaid Despite Perry

By BECCA AARONSON
Texas legislators say Republicans have an incentive to reach an agreement on expanding the state's Medicaid program, the central tenet of federal health reform, because otherwise it would cost the state much more.
BUSINESS

Mortgage Catch Pushes Widows Into Foreclosure

By JESSICA SILVER-GREENBERG
Just as the housing market is recovering, a growing group of homeowners - widows over 50 whose husbands held the mortgage - are losing their homes to foreclosure.

John McAfee Plays Hide-and-Seek in Belize

By DAVID SEGAL
Sought by the police in Belize as a "person of interest" in the investigation of a neighbor's murder, the tech legend John McAfee has moved his noisy life underground.
Fair Game

In an F.H.A. Checkup, a Startling Number

By GRETCHEN MORGENSON
The Federal Housing Administration may be headed for a rescue, with a sudden, steep decline in a mortgage insurance fund's value - a reminder that the housing crisis is still with us.
EDITORIALS
Editorial | The Second Term

The Mortgage Challenge

Even as the housing market recovers, debt relief for troubled homeowners is still needed.
Editorial

Mr. Cuomo's Next Big Task

Gov. Andrew Cuomo should use his political stature to keep promises on campaign finance reform.
Editorial

Footing the Bill for Inaugural Dancing

Allowing corporate donors to pay for the day's galas would send the wrong signal to a nation wary of Washington's business as usual.
SUNDAY REVIEW
News Analysis

How Capitalist Are the Cubans?

By DAMIEN CAVE
Cuba seems to be sputtering, but not roaring, toward capitalism.
ON THIS DAY
On Dec. 2, 1954, the Senate voted to condemn Sen. Joseph R. McCarthy for "conduct that tends to bring the Senate into dishonor and disrepute."

NYT : ALERT FGC BOLSA - FGC FINANCIAL MARKETS -December 2, 2012-.: A Holiday Shopping Stampede, but Maybe No Economic Jolt






Alert Name: FGC BOLSA- FGC FIN
December 2, 2012 Compiled: 12:33 AM

With Black Friday starting on Thanksgiving, and Cyber Monday lasting a week, retailers are doing their best to encourage a holiday shopping binge. But the economic effect is unclear.

America has had a demographic advantage, but that is no longer a sure thing.

Just as the housing market is recovering, a growing group of homeowners — widows over 50 whose husbands held the mortgage — are losing their homes to foreclosure.

Readers respond to “Slugging It Out, Inside Obama’s Mind” (Economic View, Nov. 25).

GATA | THE GATA DISPATCH -December 2, 2012-.: Getting tough on gold imports won't work, two former Indian central bankers say

Getting tough on gold imports won't work, two former Indian central bankers say

From The Indian Express, New Delhi
Sunday, December 2, 2012

http://www.indianexpress.com/news/-being-tough-on-gold-imports-won-t-wor...
MUMBAI -- Two former governors of the Reserve Bank of India warned Saturday against taking tough measures to rein in gold imports -- a major reason for the persistently high current account deficit.

The chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, said steps like banning gold imports would only push up its smuggling.

Rangarajan, who served as RBI governor, said there are already indications that illegal shipments of the precious metal have gone up in the last three months after the hike in the excise duty.

"That is an indication of how much gold is being smuggled in. I would say to some extent we should dissuade people from holding an asset that does not give a rate of return. However, you can't go beyond a particular point," Rangarajan said here at a function organised by the Indira Gandhi Institute of Development Research, an institution set up by the RBI.

Former governor Y.V. Reddy said, "If Mercedes Benz and aftershave lotion can be imported, why not gold? It is both an investment and consumption good. Many people seem to mistake that it is only a hedge against inflation. There is a demand for it. It is being imported. If you can, try to stop it."
The RBI Governor D. Subbarao said the central bank is "concerned about gold as means of saving because it blocks off savings."

"We are concerned about gold ... lending against gold by non-bank finance companies because of financial stability concerns. We have been concerned about gold from an external management perspective because of the pressure it puts on the current account or the capital account depending on your account for it," Subbarao said.

On growth and inflation, Bimal Jalan, Rangarajan's successor and Reddy's predecessor, said, "There are periods when growth is more important and you take policy measures to boost it. There are periods when you have to control inflation because that is the dominant public issue. So there will be periods when you take measures, however harsh they are, to control inflation."
Reddy added household savings, which was an achievement until recently, is now the most critical challenge for the future. "The behavior of household savings indicates that they do not have faith in financial markets except banks. It is a bad sign."

Rangarajan said, "If what has happened in the three-year period of decline is reversed either because of a fiscal consolidation program or because of inflation coming down, it is possible to get back ... if not the 9-percent but the 8-percent rate of growth."

* * *

Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
* * *

BBC NEWS | Breaking News -December 1, 2012-: Explosions target US Afghan base




'Taliban attackers' target US Afghanistan base

map
There have been "multiple explosions" near an airfield at a US base in eastern Afghanistan, Nato has said.
Afghan police officials told the BBC that as many as five suicide attackers targeted the base in Jalalabad, and witnesses said that gunfire was heard.
The Taliban claimed that some of its fighters had entered the area - but this has not been confirmed.
Nato is gradually handing security over to Afghan forces ahead of the departure of most combat troops in 2014.
Casualty claim The Afghan police officials said two attackers in explosive-laden cars had first breached the outer security barrier at the airfield, and another three had then battled security guards.
Local residents reported seeing helicopters firing on the insurgents, but the fighting - which lasted about 20 minutes - now appears to have stopped, the BBC's Orla Guerin in Kabul reports.
A Taliban spokesman said the attack was launched at around 06:00 (01:30 GMT) on Sunday.
The spokesman added that Taliban fighters had broken through and fighting was continuing on the airfield.
The insurgents said they had inflicted casualties - but this has not been confirmed.

Dec 1, 2012

NYT Breaking News -November 1, 2012-.: Special Report: As Companies Seek Tax Deals, Governments Pay High Price

Breaking News
The New York Times
Saturday, December 1, 2012
-----

As Companies Seek Tax Deals, Governments Pay High Price

A New York Times investigation into the incentives that governments offer businesses has found that states, cities and counties are giving up more than $80 billion a year to attract or keep the companies and the jobs that they provide. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains.

But the cost of the awards is certainly far higher. A full accounting, The Times discovered, is not possible because the incentives are granted by thousands of government agencies and officials, and many do not know the value of all their awards. Nor do they know if the money was worth it because they rarely track how many jobs are created. Even where officials do track incentives, they acknowledge that it is impossible to know whether the jobs would have been created without the aid.

Read More:
http://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html?emc=na

Copyright 2012 The New York Times Company

NYT Today's Headlines -December 1, 2012-: Housing Move in Israel Seen as Setback for a Two-State Plan

The New York Times
December 1, 2012

Today's Headlines



TOP NEWS

Housing Move in Israel Seen as Setback for a Two-State Plan

By JODI RUDOREN and MARK LANDLER
Two settlement actions seemed timed to punish the Palestinians for securing upgraded status at the United Nations, and appeared to show that hard-liners had prevailed in the debate over a response.

A Hospital War Reflects a Bind for Doctors in the U.S.

By JULIE CRESWELL and REED ABELSON
With fewer providers competing aggressively for health care business, doctors who sell their practices are feeling pressed to meet financial targets.

Young Immigrants Say It's Obama's Time to Act

By JULIA PRESTON
A group that had worked effectively but largely under the radar to advance the prospects of undocumented youths learns to be more comfortable in the spotlight.
QUOTATION OF THE DAY
"People are not going to hug the president right now. They are waiting for him to take some action."
CARLOS SAAVEDRA, national coordinator of United We Dream, on a rejuvenated push for among the young for immigration reform.

World

Multimedia Feature: Challenges in Defining an Israeli-Palestinian Border

There are major hurdles in drawing borders between Israel and a future Palestine.
Opinion
Op-Ed Contributor

The Monster of Monticello

The ugly truth about our slave-owning third president.
POLITICS

In Latest Campaign, Obama Takes Deficit Battle to the Public

By PETER BAKER and JONATHAN WEISMAN
Visiting a toy factory in Hatfield, Pa., President Obama used a campaign tactic to turn up the heat on Republicans as he promotes his tax plan.

House Votes to Ease Visa Limits for Some Foreign Workers

By JEREMY W. PETERS
A measure that passed with mostly Republican support - many Democrats found it too narrow - previewed a fight over how far Congress should go in changing immigration laws.

Senate Votes to Curb Indefinite Detention

By CHARLIE SAVAGE
Senators voted to prohibit the government from imprisoning American citizens and green card holders apprehended in the United States in indefinite detention without trial.
BUSINESS

Solar Industry Borrows a Page, and a Party, From Tupperware

By DIANE CARDWELL
Solar parties, like Tupperware parties, are being used by solar companies to sell their products to neighbors of homeowners who have installed the arrays.

Retail Frenzy: Prices on the Web Change Hourly

By STEPHANIE CLIFFORD
Retail price wars online have entered a new era of speed and precision, creating a confusing landscape for shoppers in which prices leap and plummet on short notice.

Small Employers Weigh Impact of Providing Health Insurance

By REED ABELSON and STEVEN GREENHOUSE
Businesses like restaurants and hotels that rely heavily on low-income workers are trying to decide how to change their business models for the new health care law.
EDITORIALS
Editorial

Measured Approach to the Syrian Crisis

It is necessary to look for ways to raise the pressure on President Bashar al-Assad and encourage a stable postwar Syria without arming the rebels.
Editorial

What's Missing in the Latest Greek Bailout

The deal offers temporary debt relief, but no way forward for a shrinking economy.
Editorial

Ultimate Culpability for a Mine Disaster

Federal prosecutors are wise to pursue the path of corporate responsibility in their investigation of the West Virginia mine disaster.
ON THIS DAY
On Dec. 1, 1959, representatives of 12 countries, including the United States, signed a treaty in Washington setting aside Antarctica as a scientific preserve, free from military activity.

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS -December 1, 2012-: Consumer Spending Reported Down 0.2% in October

Alert Name: FGC BOLSA- FGC FIN
December 1, 2012 Compiled: 12:27 AM

Consumer spending dropped 0.2 percent in October, the government said, down from an increase of 0.8 percent in September and the weakest showing since May.

Economists say the talk in Washington of raising additional tax revenue and cutting spending would most likely depress growth in the short term.

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