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Friday, June 24, 2011
The debt-ceiling debate in one tweet
, “I want to meet an economist who thinks it would be better for US to default on debt than to cut tax credits, if one exists.”
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Thursday, June 23, 2011
Wednesday, June 22, 2011
Deficit Hysteria: Washington's War on the Young
Amplify’d from www.huffingtonpost.com
The most bizarre thing about this fiscal war on America's young people is that it's completely unnecessary. Lifting the payroll tax cap would make Social Security 100% solvent for the next 75 years. But that's off the table. Republicans are adamantly opposed to any taxes that discommode the wealthy. And the White House embraced a "payroll tax cut" that creates a useful, if minor, stimulus effect -- but at the effect of making the country's most effective and valuable program a target for future benefit-cutters.
Social Security can be stabilized easily and cleanly, just by asking the wealthy to pay their fair share. The only way to fix Medicare is by addressing our nation's broken health care system, which means taking on the structural flaws in our for-profit health economy.
Washington should be helping these young people find jobs. Instead, too many policy makers are abandoning them just as their work lives begin. Worse, they're also trying to make sure they're abandoned when their careers end, too. Enough is enough. It's time to call these misguided austerity policies what they really are: a war on America's youth.
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Tuesday, June 21, 2011
Bill Gross: Deficit reduction can — and should — wait
This seems to be a very strong economic (logical) argument that flies in the face of the "conventional wisdom" ideology that dominates the current politics. Especially, in light of the statistics and other quantitative measurements that provide strong data that the lowering taxes philosophy does not generate jobs the way its dogmatic adherents' believe.
Amplify’d from www.washingtonpost.com
Gross’s credentials as a deficit hawk are unimpeachable, but he’s arguing here that, to be a deficit hawk over the long term, you need to be jobs-focused now, as no economy with 9 percent unemployment is going to achieve the growth necessary to get its deficit under control. And he’s right. The question is whether his call for the government to refocus on jobs and brush aside fantasies that deficit reduction is also job creation will get as much attention as his concerns about debt and deficits.
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Spying on a Silent Killer
Remarkable.
Amplify’d from news.sciencemag.org
Atherosclerosis, the buildup of fatty deposits on the walls of major arteries, can kill without warning. The disease causes few symptoms in its early stages, so sufferers are often hit with a heart attack or stroke before they realize anything is wrong. Now researchers have devised a way to spot the deposits before they cause serious harm by using a combination of infrared light and ultrasound.
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Intel Demos Its Version of Future Supercomputing
Amplify’d from www.eweek.com
Using the MIC architecture,
Intel believes it can empower supercomputers—and eventually enterprise servers—to
carry out as many as quintillions (a quintillion is 1,000 raised to the power
of six, or a cardinal number 10^18) of computer operations per second. This is
hundreds of times faster than current supercomputers can move.
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Monday, June 20, 2011
Ryan Dunn Dead: 'Jackass' Star Dies In Car Crash
NBC Philadelphia reports that Dunn and another passenger died in a 3 a.m crash at Route 322 and New Street in West Goshen Township, Pennsylvania.
Amplify’d from www.huffingtonpost.com
Dunn posted to Twitter a photo of himself drinking with friends just hours before the crash.
A police report indicated that Dunn was most likely speeding in his 2007 Porsche 911 GT3, which was destroyed in the wreck. "Upon arrival, police located one vehicle in the road and in the woods that was fully engulfed in flames," the report said. "DUI" was not indicated in the report.
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Supreme Court Blocks Climate Change Lawsuit Filed By States
The court said that the authority to seek reductions in emissions rests with the Environmental Protection Agency, not the courts. The ruling was 8-0.
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