Not everyone thinks the "fiscal cliff" is so bad.If the Dec. 31 deadline passes, income taxes will go up and across-the-board spending cuts will hit government programs. But while most of the political world frets as if a major disaster is looming, others have treated it more like the Y2K bug: a fiscal canard ginning up a lot of unnecessary panic.The cliff is a "fantasy," former...
Dec
21
Goodbye, U.S. Postal Service?
Labels: WorldThis Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...
Nesting turtle numbers fall in South Asia: experts
Labels: Technology KOLKATA: Conservationists have expressed alarm over the low number of turtles arriving on the coast of east India and Bangladesh for the nesting season, blaming overfishing and climate change for the decline.Between November and March, several species of sea turtle, including the Olive Ridley, travel thousands of miles to nest on the sandy shores of Sundarbans, the world's largest mangrove...
Photos: Notable people we've lost
Labels: LifestyleConservative jurist Robert H. Bork died on December 19 at age 85 at his home in Virginia, sources close to his family told CNN. Bork was best known for being nominated to the Supreme Court in 1987, only to be rejected after a contentious confirmation batt...
"Plan B" is dead; what's next for "fiscal cliff"?
Labels: Health House Speaker John Boehner's big idea for a backup "Plan B" exploded Thursday night when, after days of wrangling with his own troops, he realized he didn't have enough votes to pass the tax cut part of his plan. With four days until Christmas and 11 until the effects of the "fiscal cliff" begin the big question today is: what happens now?Obama and Boehner to talk?Boehner sent House Republicans...
NRA to Speak on Stopping Newtown Repeat
Labels: Business For the past week, leadership at the National Rifle Association has largely stayed away from the media, but this morning the group may weigh in on how to keep a deadly shooting massacre like last week's at a Newtown, Conn., elementary school from happening again.The NRA will hold a news conference in Washington, D.C., just before 11 a.m.Its leadership has held off on interviews...
Dec
20
On gun control, look to Biden
Labels: WorldRebecca Puckwalter-Poza says Vice President Joe Biden was a leader on gun control in the Senate.STORY HIGHLIGHTSRebecca Buckwalter-Poza: Obama has apparently tapped Biden as gun control point manShe says he was leader in Senate on issue, shepherding 1994 gun control legislationIt banned manufacture of many semi-automatic guns,criminalized high-capacity magazinesWriter: Biden worked across aisle; he's...
China economic growth likely to pick up: analysts
Labels: Technology SHANGHAI: China's economic growth may pick up to above 8 per cent in 2013, as economists expect the government to launch policies to boost recovery.The country is expected to report 7.5 per cent this year, the slowest pace in recent years. Economists say investment will remain as the pillar of growth the Chinese economy in the short term, despite the government's push for consumption....
Blizzard warning issued for big chunk of Midwest
Labels: LifestyleBy Michael Pearson, CNNupdated 9:58 AM EST, Thu December 20, 2012STORY HIGHLIGHTSNEW: Tens of thousands without power in Nebraska, IowaHeavy snow, high winds stretch from Iowa to Wisconsin in the season's first blizzardStorm to crawl from Midwest to New England by FridayIs the storm hitting near you? Share your photos and videos on CNN iReport.(CNN) -- Does the end of the world start with a snowstorm?Probably...
New York Stock Exchange to be sold
Labels: Health NEW YORK The New York Stock Exchange (NYX) is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board. The buyer, IntercontinentalExchange Inc. (ICE), an upstart exchange based in Atlanta, made clear Thursday that little would change for the iconic trading floor in Manhattan's financial district if regulators approve the deal....
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