Swedish Meatballs
13 hours ago
The Development Indicators report showed that the income of South Africa's poorest 10 percent rose by a third from 783 rand (105 US dollars, 71 euros) in 1993 to 1,041 rand a month in 2008.Read More......
The richest 10 percent got richer by nearly 38 percent over the same period.
While the report acknowledges a "racial underpinning" of inequality, figures show that while black South Africans' salaries increased by 38 percent, the incomes of white South Africans jumped by 83.5 percent between 1995 and 2008.
Haroon Bhorat, an economist with the University of Cape Town, said sustained growth up until about 2006 had partially reduced poverty, but at the same time the gap between the rich and the poor had widened.
German voters handed conservative Chancellor Angela Merkel a second term and a chance to create new centre-right government Sunday, while her centre-left rivals suffered a historic defeat in the national election.Read More......
Merkel succeeded in ending her "grand coalition" with the centre-left Social Democrats led by challenger Frank-Walter Steinmeier, the current foreign minister, according to television projections. She can now form a government with the pro-business Free Democrats, who performed very strongly.
The National Journal is reporting that the CBO determined the robust public option favored by progressives would save the government $110 billion. A weaker “level playing field” public option would only save $25 billion.This puts members of Congress and the administration in a tough spot. If they don't push for a public option, then they're pushing to needlessly increase the deficit, and to make your own monthly premiums more expensive than they need to be. The reason? It would be unfair to doctors, who already make half a million a year, if your insurance premiums went down 10%. If anything, we should be pissed that the public option only lowers premiums by 10%. If that's the case, then maybe we need something even stronger, like single payer.
This means removing the robust public option from the House bill would require a corresponding $110 billion reduction in affordablity tax credits. Depending on the final shape of the bill that would be somewhere between a 14%-23% reduction in the amount of tax credits to working class Americans. From different CBO reports (1,2) we know that in 2019 the average tax credit for an enrollee in the exchange, who needs help with affording health insurance, will be between $5,000-$6,000. Eliminating the robust public option would reduce the amount of tax credits to an individual by roughly $1,000.
The CBO also reported that, “on average the [robust] public plan would be about 10 percent cheaper than a typical private plan.”
ABC's "This Week" - Defense Secretary Robert Gates and Sen. John McCain, R-Ariz.
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CBS' "Face the Nation" - Secretary of State Hillary Rodham Clinton and Sen. Lindsey Graham, R-S.C.
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NBC's "Meet the Press" - Former President Bill Clinton, New York Gov. David Patterson and Sens. Jon Kyl, R-Ariz., and Jim Webb, D-Va.
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CNN's "State of the Union" - Gates and Sen. Evan Bayh, D-Ind.
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"Fox News Sunday" - Sens. Dianne Feinstein, D-Calif., Kit Bond, R-Mo.; Virginia Republican gubernatorial candidate Bob McDonnell; conservative filmmaker James O'Keefe.
Germans decide Sunday whether to return the nation's first woman chancellor to a second term in office following a lackluster campaign centered largely on economic issues and a rash of last-minute threats by Islamic extremists.Read More......
Chancellor Angela Merkel is hoping enough of the nation's 62.2 million eligible voters will support her conservative Christian Democratic Party to give them a solid enough standing to form a center-right coalition with their top partners, the Free Democrats.
The discovery of 100 new plants, 28 fish, 18 reptiles, 14 amphibians, two mammals and one bird species highlights the extent of the biodiversity in the region, said Barney Long, head of the WWF's Asian Species Conservation program.Read More......
"It's a melting pot of diverse habitats. It has some of the wettest forests on the planet, high mountains, and a diverse array of terrestrial and marine habitats, including the Mekong River," he said.
"We continue to find new species of fish, primates and mammals, and nowhere else compares to the amount of large mammals that have been discovered in the region. It shows how little we know about species in the region," he said. "From a biodiversity perspective, there are still huge amounts to discover about region."
CNBC.com obtained a copy of the discussion draft before its release early Friday morning.NOTE FROM JOHN: Maybe Barney simply never read his own bill. He does that a lot. Read More......
In general, Frank's version gives the agency many of the same rulemaking and enforcement powers of the White House proposal. Treasury Secretary Timothy Geithner told Frank and his committee at a public hearing Wednesday that the administration was "very supportive" of the changes.
Analysts, however, consider it less tough on financial firms by dropping the plain vanilla and reasonable standards provisions.
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