- Gridlock! Lower gas prices creating traffic jam of 38 million-plus May 29, 2016Travel experts explain to CNBC how travelers can get the most out of their holiday road trip.
- Clinton's woes a market problem? May 29, 2016Based on historical data, a strategist explains why that Hillary Clinton's slumping campaign may be a problem for Wall Street.
- Hard soda booms as summer begins May 29, 2016Hard soda, a new category of beer, is coming into the summer on strong footing.
- UN: 700+ migrants dead last week May 29, 2016Hundreds of migrants perished in the last week trying to reach Italy, the Financial Times reports.
- The scary switch for investors over 60 May 29, 2016As you age, the faith you have in your financial skills might be deceiving, a study concludes.
- Trump University docs to be released May 29, 2016A judge ordered the release of Trump University documents in a closely watched lawsuit
- 6 hour workday: Good for the US? May 29, 2016Swedish workers are showing how a shorter workday may be more productive. Could it work in the U.S.?
- Chinese detergent maker sorry for 'controversy' of ad May 29, 2016Chinese laundry detergent maker apologized for the harm caused by the spread of an ad in which a black man "washed" by its product.
- Abe nixes sales tax hike: Reports May 29, 2016Prime minister plans to delay an increase in sales tax by two-and-a-half years, a government official said
- Retailers hit by social media May 28, 2016Mobile shopping and the effect of social media is creating new headaches for retail.
- Stocks are climbing 10%: Yardeni May 28, 2016Ed Yardeni, a top economic forecasters, says stocks will be 10 percent higher by next year.
- $100M pileup of homes globally May 28, 2016There's an excess inventory of nine figure homes piling up around the world, The New York Times reports.
- Who Big Tech is on a mission to hire May 28, 2016LinkedIn, Amazon, Uber and Microsoft are among the technology giants pledging to fill thousands of jobs.
- Fade the bounce in crude May 28, 2016Oil has broken above the key $50 level for the first time since October. But one analyst warns don’t chase the rally.
- DNC short millions for convention May 28, 2016With its convention just two months away, a report says the Democrats are millions shy of their $64 million goal.
- Trump campaign roiled by changes May 28, 2016Constant changes and scuffles are unsettling Donald Trump's campaign, The New York Times reports.
- Body hacker making 'cyborgs'? May 28, 2016Using radio-frequency ID chips in the body to open doors and log onto computers is a thing. Hackers are taking note.
- Mark Cuban: 4 things good leaders avoid May 28, 2016Mark Cuban shares four things good leaders never do.
- Bridgewater secures $22M in state aid May 28, 2016Latest sign of stretched US states vying to retain their wealthiest taxpayers and prevent jobs moving elsewhere.
- Travelers get a vacation from long TSA lines May 28, 2016Authorities open extra screening lanes and used bomb-sniffing dogs to give some passengers a break from removing their shoes.
- Gridlock! Lower gas prices creating traffic jam of 38 million-plus May 29, 2016
- Fleeing Saddam with the Kurds May 29, 2016Iraqi Kurds' extraordinary exodus, 25 years on
- Female WW2 pilots win Arlington burial May 29, 2016US female WW2 fighter pilots earn right to be buried with other veterans
- Painting through Manila's murky waters May 29, 2016Artists highlight pollution in Manila's rivers
- Eleven gunned down in Venezuela May 29, 2016Unidentified gunmen have killed 11 people, including three teenagers and a Colombian national, in western Venezuela, officials say.
- VIDEO: Can you force people to care for the elderly? May 29, 2016The Shanghai government thinks the tradition of caring for your elderly is fading in China and so the worst offenders could have their credit scores downgraded.
- Brexit 'huge blow' to UK economy May 29, 2016The World Trade Organisation's former director-general tells the BBC that the UK economy risks a "huge blow" if it votes to leave the EU on 23 June.
- VIDEO: No sari needed to pick coconuts in India May 29, 2016Coconut picking has been traditionally a man's job in India but women are now filling the gap.
- VIDEO: Bikers in Washington honour US war veterans May 29, 2016Hundreds of thousands of bikers descend on Washington DC to commemorate America's war dead and veterans.
- UN peacekeepers killed in Mali attack May 29, 2016Five United Nations peacekeepers are killed and another is seriously injured in an attack in central Mali.
- Top Gear returns with new hosts May 29, 2016BBC Two motoring show Top Gear relaunches with its new line-up of hosts, after the departure of its old team fronted by Jeremy Clarkson.
- Trump: Migrants treated better than vets May 29, 2016Illegal immigrants in the US often get better care than the nation's military veterans, Republican presidential nominee Donald Trump says.
- Escalation of Tory division over Europe May 29, 2016Deputy political editor John Pienaar considers the tensions between rival factions in the Conservative Party over Europe.
- Suspected migrants rescued in Channel May 29, 2016Eighteen Albanians, believed to be migrants, are among 20 people rescued from an inflatable boat off the Kent coast after it began taking on water overnight.
- US Libertarians choose candidate May 29, 2016The US Libertarian Party picks Gary Johnson as its presidential nominee, seeking to capitalise on disaffection with mainstream politicians.
- Hamilton thanks 'gentleman' Rosberg May 29, 2016Lewis Hamilton thanked title rival Nico Rosberg 'for being a gentleman' by letting him pass and helping him win the Monaco Grand Prix.
- Hamilton wins epic Monaco Grand Prix May 29, 2016Lewis Hamilton wins a close battle with Red Bull's Daniel Ricciardo in a thrilling Monaco GP to re-ignite his title campaign.
- Sri Lanka stall England victory bid May 29, 2016Sri Lanka mount a belated fightback with the bat, reaching 309-5 to delay England's push for victory in the second Test.
- Glee actor charged over child porn May 29, 2016Former Glee actor Mark Salling has been formally charged with two counts of receiving and possessing images of child sexual abuse.
- Mexican footballer is kidnapped May 29, 2016Olympiakos striker Alan Pulido has been kidnapped in Mexico's northern border state of Tamaulipas, officials say.
- Leaders mark Verdun with EU unity plea May 29, 2016The leaders of France and Germany mark the 100th anniversary of the WW1 battle of Verdun in northern France with a call for European unity.
- Fleeing Saddam with the Kurds May 29, 2016
prancing political peacocks—on the cliff
By Bob Jentges (Editor Emeritus, Clarion Advisory) 12-8-12
If those in the private sector approached negotiating contracts or resolving lawsuits like the prancing political peacocks are approaching the ”fiscal cliff,” nothing would get accomplished and our courts would be faced with an even more unmanageable backlog!
President Obama and the Democrats are stuck on income tax rate increases for the “wealthiest” 2%—which if agreed to would provide sufficient revenue to operate the federal government for about only eight day’s…with no cuts to entitlement spending. Polls now show a majority support those positions—myopia squared! When will our dysfunctional society realize have a spending problem, not a revenue problem?
Earlier in the week, Senate Majority Leader Harry Reid blocked a vote in the Senate on President Obama’s proposal to avoid the “fiscal cliff.” It’s difficult to be sure if Democrats are for or against raising tax rates on the “middle class”—they have been on both sides of that issue! It is becoming more obvious every day that the Democrats’ main objective is political, and deals more with getting Republicans to capitulate than it does with a good faith effort to avoid the “fiscal cliff.”
Republicans should call the bluff, withdraw all previous offers, agree to tax the “rich”, take some entitlements off the table so to speak, all in exchange for eliminating some costly unconstitutional federal departments e.g. Education, HUD, etc., and leave them with the respective states and the people pursuant to the Tenth Amendment. Moreover, HHS has more than 60 different jobs programs and the Department of Agriculture operates more than 240 subsidy programs. Many of which could be drastically cut, if not eliminated.
If the Democrats reject the offer, and they certainly will, it should become obvious the only way toward significant spending cuts is at the bottom of the cliff when sequestration goes into effect. Polls say that 2 to 1 the people will hold Republicans responsible–as they seem to hold Republicans responsible for almost everything that goes wrong—but that could very well end-up as a positive down the road.
In a few months the main stream media, the people, and even some Democrats will realize the Republicans are serious. Continuing to blame Republicans for higher taxes on the “middle class”, sequestration across the board spending cuts involving many popular programs, losing important defense contracts, etc., etc., will accomplish about as much toward solving deficit/debt problems as pounding sand.
When/if that happens the blame for causing the problems just might shift to President Obama and the Democrats. They might feel the pressure and be agreeable to a reasonable retroactive resolution early in 2013, including tax reform and immediate spending cuts—that is if they are more interested in the future of the country than they seem to be in satisfying the base of their political party.
So to Republicans I say, do what’s right and risk consequences, because the risk is worth the reward.
- Bonnie downgraded as it swirls ups the South Carolina coastCHARLESTON, S.C. (Reuters) - Tropical Depression Bonnie was swirling over the South Carolina coast on Sunday evening, dumping several inches (cm) of rain on the area as it slowly crawled up the coast into Monday. […]
- Shooting rampage in Houston leaves two dead, six wounded(Reuters) - Police in Houston killed a gunman on Sunday in a chaotic shootout that left one other person dead, six wounded - including two officers - and set off a fire at a nearby gas station when bullets struck a gas pump, authorities said. […]
- Rodeo rider, 19, dies after getting trampled at New Jersey event(Reuters) - A 19-year-old rider was killed when he fell off his horse and got trampled at a New Jersey rodeo, according to the teen's university and media reports. […]
- Killing of gorilla to save boy at Ohio zoo sparks outrage(Reuters) - The killing of a gorilla at the Cincinnati Zoo after a 4-year-old boy tumbled into the ape's enclosure triggered outrage and questions about safety, but zoo officials called the decision to use lethal force a tough but necessary choice. […]
- NBA player Bryce Dejean-Jones killed in Dallas shooting(Reuters) - Rookie New Orleans Pelicans basketball player Bryce Dejean-Jones died after being shot early on Saturday when he broke into a Dallas apartment, authorities said. […]
- Georgia sheriff's deputy shot and wounded during traffic stop(Reuters) - A sheriff's deputy was shot and wounded in the face on Saturday during a traffic stop in Georgia, authorities said. […]
- Looters hit civil war battle site in Virginia, officials say(Reuters) - Looters ripped up parts of Virginia's Petersburg National Battlefield in an apparent search for relics from a siege that led to the end of the American Civil War in 1865, the National Park Service said ahead of the Memorial Day weekend. […]
- Flint, Michigan, pipe-replacement cost nearly doubles: newspaper(Reuters) - The cost of replacing water lines in Flint, Michigan, has nearly doubled amid a health crisis from high lead levels in drinking water, the Detroit Free Press reported on Saturday. […]
- U.S. agents arrest suspect in 2007 North Carolina Walmart bombing(Reuters) - A man suspected of planting a pipe bomb that exploded near propane tanks inside a Walmart store in rural North Carolina in 2007 has been arrested nine years after the crime thanks to dogged police work, court documents obtained on Saturday showed. […]
- Florida man arrested for fatal shooting of woman in front of children(Reuters) - A Florida man accused of fatally shooting a mother in front of her children and later wounding his former boss, was arrested by a SWAT team after a seven-hour standoff with police in an Orlando suburb, authorities said. […]
- Bonnie downgraded as it swirls ups the South Carolina coast
- Catholic church near Boston holds final service as vigil endsAllen ConeSCITUATE, Mass., May 29 (UPI) -- Churchgoers said goodbye Sunday morning to the Catholic house of worship they attempted to keep open with round-the-clock vigils for more than 11 years.
- Israeli prime minister's wife accused of misusing funds for residenceYvette C. HammettJERUSALEM, May 29 (UPI) -- Police in Jerusalem said they have evidence of wrongdoing by Israeli Minister Benjamin Netanyahu's wife Sara Netanyahu, in regard to the use of state funds.
- U.N. peacekeepers killed in Mali ambushAllen ConeBAMAKO, Mali, May 29 (UPI) -- Five United Nations peacekeepers were killed and another seriously hurt in an ambush in central Mali on Sunday.
- Colorado tourist train conductor falls to her deathYvette C. HammettCANON CITY, Colo., May 29 (UPI) -- The conductor of a Colorado tourist train fell to her death Saturday night as the train was nearing the station.
- Up to 700 migrants feared dead in shipwrecks off coast of LibyaAllen ConeTRIPOLI, Libya, May 29 (UPI) -- Up to 700 migrants are feared to have drowned in shipwrecks off Libya's coast in the past few days, the United Nations Refugee Agency says.
- Fire kills 17 in senior care home near KievAllen ConeKIEV, Ukraine, May 29 (UPI) -- Seventeen people were killed in a fire at a temporary home for elderly people in a village about 23 miles northeast of Ukraine's capital Kiev.
- Family of slain Pakistani taxi driver files complaint against U.S.Yvette C. HammettISLAMABAD, May 29 (UPI) -- The family of a Pakistani cab driver killed in the U.S. drone strike targeting an Afghan Taliban leader lodged a complaint with police against U.S. officials.
- Two dead, six wounded, including two officer, in Houston shootingYvette C. Hammett and Allen ConeHOUSTON, May 29 (UPI) -- Two people were killed, including one suspect, and two police officers and four others injured in a shooting in west Houston on Sunday.
- France's Hollande, Germany's Merkel mark 100 years since Battle of VerdumAllen ConeVERDUN, France, May 29 (UPI) -- French President Francois Hollande and German Chancellor Angela Merkel commemorated the 100 years since the Battle of Verdun on Sunday.
- Judge unseals Trump University playbook, acknowledges Donald Trump's attacksYvette C. HammettSAN DIEGO, May 29 (UPI) -- A judge ordered the release of Trump University internal documents, including "playbooks" that show how it marketed the get-rich courses.
- Cincinnati Zoo gorilla shot dead after dragging child who fell into exhibitYvette C. HammettCINCINNATI, May 29 (UPI) -- The Cincinnati Zoo shot and killed a western lowland gorilla on Saturday after a 4-year-old boy slipped into the animal's enclosure.
- Bonnie downgraded to tropical depression, 4th person dead in Texas floodingYvette C. HammettCHARLESTON, S.C., May 29 (UPI) -- Tropical Storm Bonnie was downgraded Sunday to a tropical depression, but still was pummeling the coastline of South Carolina with high winds and heavy rain.
- UPI Almanac for Sunday, May 29, 2016By United Press International On May 29, 1914, the Canadian Pacific Transatlantic liner Empress of Ireland sank in the early morning hours following a collision with the liner Storstadt, a much smaller vessel, in Canada's Gulf of St. Lawrence.
- Canadian PM Justin Trudeau 'hopeful' physician-assisted suicide bill will passEric DuVallWINNIPEG, Manitoba, May 28 (UPI) -- Canadian Prime Minister Justin Trudeau said he is "hopeful" Parliament will pass a new bill allowing physician-assisted suicide before a court deadline.
- Small plane crash kills 2 in Ventura County, Calif.Eric DuVallVENTURA, Calif., May 28 (UPI) -- Two people are dead after an experimental aircraft crashed in Ventura County California, emergency responders said.
- Donald Trump's Walk of Fame star is target for vandalsEric DuVallLOS ANGELES, May 28 (UPI) -- Donald Trump's star on the Hollywood Walk of Fame has been repeatedly defaced and a petition demanding its removal has gained 40,000 signatures, officials said.
- Christian woman stripped naked marched through streets in rural EgyptEric DuVallCAIRO, May 28 (UPI) -- Police in Egypt arrested five people after a mob of Muslims stripped a 70-year-old Christian woman naked and forced her to walk through the streets.
- Seven suspects arrested in $27.8M Francis Bacon painting heistAllen ConeMADRID, May 28 (UPI) -- Spanish police arrested seven people linked to the theft of five rare Francis Bacon paintings worth more than $27.8 million.
- Rodrigo Duterte wins Filipino presidential electionEric DuVallMANILLA, Philippines, May 28 (UPI) -- Rodrigo Duterte, the Filipino politician who encouraged police to kill suspected drug dealers, has won the presidency by a landslide, officials said.
- Trump trashes 'Mexican' judge in Trump U civil trialEric DuVallSAN DIEGO, May 28 (UPI) -- Donald Trump complained about the federal judge overseeing a civil trial concerning the now-defunct Trump University, noting the judge is "Mexican."
- Catholic church near Boston holds final service as vigil ends
- Lufthansa suspends flights to Venezuela, cites poor economyYvette C. HammettCARACAS, Venezuela, May 29 (UPI) -- Citing a continuing poor economy in Venezuela, German airline Lufthansa plans to suspend flights to the South American country next month.
- Coke to unveil new patriotic cans for Memorial Day weekendEric DuVallCHARLOTTE, N.C., May 28 (UPI) -- Coca-Cola will begin producing patriotic red, white and blue cans to celebrate the 75th anniversary of the founding of the United Service Organizations.
- Fed chief Yellen expects another interest rate hike in 'coming months'Doug G. WareWASHINGTON, May 27 (UPI) -- Federal Reserve Chairwoman Janet Yellen said Friday she expects the U.S. central bank will again raise benchmark interest rates "in the coming months."
- Loitering, lethal airborne system for U.S. Army on wayRichard TomkinsTUCSON, May 27 (UPI) -- Small and lethal loitering airborne systems are to be jointly developed by Raytheon and Israel's UVision for U.S. military requirements.
- Oman asks U.S. for F-16 support serviceRichard TomkinsWASHINGTON, May 27 (UPI) -- Oman is requesting continued logistics services and equipment for its F-16 fighters worth $260 million through the U.S. Foreign Military Sales program.
- BAE Systems receives Navy repair, maintenance workRichard TomkinsJACKSONVILLE, Fla., May 27 (UPI) -- Two U.S. Navy ships homeported in Florida are to receive repair and maintenance services from BAE Systems under contracts worth a total of $61.7 million.
- Senate committee passes FY2017 defense billGeoff ZiezulewiczWASHINGTON, May 27 (UPI) -- The Senate Appropriations Committee passed the Fiscal 2017 defense bill on Thursday, featuring $515.9 billion in base funding and $58.6 billion for war funds.
- Lockheed gets Air Force S2E2 Increment 3 contractGeoff ZiezulewiczWASHINGTON, May 27 (UPI) -- Lockheed Martin Space Systems Co. has been awarded a $49.7 million U.S. Air Force contract modification for the Space-Based Infrared System program.
- Chinese Apple, Samsung contractor buys robots, eliminates 60K employeesEd AdamczykKUNSHAN , China, May 27 (UPI) -- A massive Chinese electronics factory, the clients of which include Apple and Samsung, says it slashed 60,000 jobs by bringing in robots.
- Qatari acquisition of Javelin missiles approvedRichard TomkinsWASHINGTON, May 27 (UPI) -- Qatar's intention to procure Javelin missiles through the U.S. Foreign Military Sales program has been given the official green light.
- BAE gets U.S. Air Force radar contractGeoff ZiezulewiczWASHINGTON, May 27 (UPI) -- BAE Systems Technology Solutions and Services was awarded a $49.6 million contract modification for the U.S. Air Force's Solid State Phased Array Radar Systems.
- Google claims victory over Oracle's Java $9B copyright lawsuitAmy R. ConnollySAN FRANCISCO, May 27 (UPI) -- A federal jury ruled Google was within its rights to use Oracle's Java software to build its Android operating system.
- Bell-Boeing gets Osprey aerial refueling contractGeoff ZiezulewiczWASHINGTON, May 27 (UPI) -- Bell-Boeing Joint Project Office has been awarded a $58.7 million U.S. Navy contract for the V-22 Osprey aerial refueling system for the Marine Corps.
- Kuwait seeks continued support for F/A-18 fightersRichard TomkinsWASHINGTON, May 27 (UPI) -- Kuwait's $420 million request for continued U.S. technical and support services for its F/A-18 aircraft has won State Department approval.
- Upgrade to SM-3 missile engines validatedRichard TomkinsPACIFIC MISSILE RANGE FACILITY, Hawaii, May 27 (UPI) -- Testing of engine upgrades to the Standard Missile-3 interceptor has confirmed enhanced rocket performance and reliability, Raytheon reports.
- Goodbye $50: Oil prices fall back to EarthDaniel J. GraeberNEW YORK, May 27 (UPI) -- A slowdown in spending on plants and equipment in the United States and market jitters pulled crude oil down sharply lower in early Friday trading.
- Lockheed receives Aegis development contractGeoff ZiezulewiczWASHINGTON, May 27 (UPI) -- Lockheed Martin Corp. has been awarded a $62.4 million U.S. Navy contract modification for development and testing sites for the Aegis combat system.
- Cheap commutes in store for Memorial Day travelersDaniel J. GraeberWASHINGTON, May 27 (UPI) -- Even though prices at the pump have been on a steady rise, the U.S. government said Memorial Day travelers are saving big money this time around.
- Islamic State losing revenue, IHS findsDaniel J. GraeberLONDON, May 27 (UPI) -- Taxes and penalties issued by the Islamic State in the Middle East territories it controls show the group's finances are dwindling, analysis finds.
- Nigerian militant group marks Children's DayDaniel J. GraeberABUJA, Nigeria, May 27 (UPI) -- On Children's Day in Nigeria, a militant group targeting energy groups in the Niger Delta said it would deliver more to the nation's youth than the government.
- Lufthansa suspends flights to Venezuela, cites poor economy