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Liberty Newspost Nov-23-10

Liberty Newspost Nov-23-10

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America's daily news edition. A compelling mix of news. Easy to Read. Great Content.
America's daily news edition. A compelling mix of news. Easy to Read. Great Content.

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Published by: Liberty Newspost Corp. on Nov 23, 2010
Copyright:Attribution Non-commercial


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E-reader News Editionhttp://www.LibertyNewspost.com- 23/11/10
Submitted at 11/22/2010 3:51:11 PM
Nov 22, 2010 16:51 ESTSome liberal millionaires areputting their money where theirmouths are: they are calling onDemocrats to stay true to theirword and allow the Bush-era taxcuts for the wealthiest to expirenext year.Joining the likes of WarrenBuffett and George Soros, anewcrop of rich folkscallingthemselves “patrioticmillionaires” want PresidentBarack Obama and congressionalDemocrats to raise their taxes tolevels before former PresidentGeorge W. Bush cut them in2001.“We have done very well over thelast several years,” about 50millionaires including severalearly Google Inc. executives andthe founder of IAC’s Ask.com,say in a letter to leaders. “Wedon’t need more tax cuts, and weunderstand that cutting our taxeswill increase the deficit and thedebt burden carried by othertaxpayers.”Obama wants to let lower taxrates expire above the first$200,000 of an individual’sincome but has been clashing withRepublicans, and some in his ownparty, in Congress on a deal toprevent all taxpayers from seeinghikes on January 1.The group is asking policymakersto extend the higher rates forthose making more than $1million. New York DemocraticSenator Chuck Schumer hassuggested that benchmark, ashave some others.“They felt comfortable speakingfor themselves and their incomebracket,” a spokeswoman for thegroup said.The group says it will makedozens of phone calls to lobbyObama, House of RepresentativesSpeaker Nancy Pelosi and SenateMajority Leader Harry Reid.Obama’s rhetoric in defense of letting the rates rise has changedover the past year. Instead of calling the rich ‘fat cats,’ he hasbeen increasingly citing theimpact on the burgeoning budgetdeficit.Republicans want to extendlower rates on all tax groups andthreatened to block a deal in theSenate where some conservativeDemocrats have sided with them.This entry passed through theFull-Text RSSservice — if this isyour content and you're reading iton someone else's site, please readour FAQ page atfivefilters.org/ content-only/faq.php Five Filtersfeatured article:Beyond Hiroshima - The Non-Reporting of Falluja's CancerCatastrophe.
Submitted at 11/22/2010 5:40:17 PM
[fivefilters.org: unable to retrievefull-text content]"We will not bedrawn into rewarding NorthKorea for bad behavior," StateDepartment spokesman P.J.Crowley said today, afterrevelations that the world's mostreclusive state showed off itslatest...
Submitted at 11/23/2010 1:48:02 PM
(TrendHunter.com) Thedelightful design of this AlvaroUribe 'Tipsy' wine glass mightmake you feel a little drunk whenlooking at it. The canted chalicehas been orchestrated in such away that the tumbler sits slanted...
2E-reader News Edition
Submitted at 11/22/2010 5:00:59 PM
Nov 22, 2010 18:00 ESTFormer President George W.Bush has carefully steered aroundthe subject of Sarah Palin duringinterviews about his memoir. Buthis mother, Barbara Bush, aka the“Silver Fox,” is showing norestraint.“I sat next to her once,” Mrs.Bush told CNN’s “Larry KingLive” in an interview that alsoincluded her husband, formerPresident George H.W. Bush.“Thought she was beautiful. And Ithink she’s very happy in Alaska— and I hope she’ll stay there.”Palin is weighing a run for the2012 Republican presidentialnomination,telling ABC’s BarbaraWalters last week that she thinksshe could defeat President Barack Obama. She has a book, “Americaby Heart,” coming out Tuesdayand is starring in a reality TVshow, “Sarah Palin’s Alaska.”A Quinnipiac University pollreleased on Monday showed aclose contest between potentialRepublican candidates for 2012,with Palin gaining 19 percent to18 percent for formerMassachusetts Governor MittRomney and 17 percent forformer Arkansas Governor MikeHuckabee.Photo Credit: REUTERS/ Jonathan Ernst (Barbara Bushwith son George at n the deck of the US Navy aircraft carrier USSGeorge H. W. Bush at NavalStation Norfolk, Virginia)This entry passed through theFull-Text RSSservice — if this isyour content and you're reading iton someone else's site, please readour FAQ page atfivefilters.org/ content-only/faq.php Five Filtersfeatured article:Beyond Hiroshima - The Non-Reporting of Falluja's CancerCatastrophe.
Fast Com pany staff ( Fast Company  )
Submitted at 11/23/2010 1:47:28 PM
Industrial designer Carl GustavMagnusson has been inspired byautomobile design since he was12, working such motifs intolamps and other office furniture.Why cars? "Everything that I dohas a certain mechanical logic toit, and follows my definition of design--which is function withcultural content." Here,Magnusson examines hisdefinition of design in greaterdetail.[twistage 18a0d1fd6c0f3]TheDesign Does Matter videoseriesis produced byTeknion, creator of award-winning officesystems furniture. Teknion also isthe publisher of the Design DoesMatter book, now in its thirdedition, featuring essays from topdesigners and design thinkers.The Design Does Matter conceptwas developed for Teknion bySan Francisco designer MichaelVanderbyl of Vanderbyl Design,who has articulated what Teknionstands for in every media fromprint collateral to showrooms todigital presence. This year'sDesign Does Matter films wereproduced byKris Johnson, anindependent producer based inSan Francisco.Read more aboutInnovationAgents
Brent Archer ( BloggingStocks  )
Submitted at 11/23/2010 3:00:00 PM
Filed under:Bad News,Alcoa Inc (AA),Japan,Options, Technical AnalysisAlcoa (AA- option chain) stock is tradinglower with other aluminum stocksthis morning on reports thatpremiums for aluminumshipments to Japan will likely fallduring the first quarter of 2011. Areport stated that analysts believealuminum premiums are alreadyin a downtrend and could dip asmuch as 10%. If you think thisstock won't be rising too far in thecoming months, then it could be agood time to look at a bearishhedged play on AA.This morning, AA opened at$13.10. So far today the stock hashit a high of $13.14 and a low of $12.96. As of 12:30, AA istrading at $12.99, down $0.30 (-2.3%). The chart for AA looksbullish andS&Pgives AA apositive 4 STARS (out of 5) buyranking. Continue reading Alcoa Hurt by Aluminum Oversupply Concerns Alcoa Hurt by AluminumOversupply Concernsoriginallyappeared onBloggingStocksonTue, 23 Nov 2010 15:00:00 EST.Please see ourterms for use of feeds.Permalink |Email this| Comments
Headline/ Business/ 
3E-reader News Edition
Submitted at 11/23/2010 2:12:00 PM
(This guest post previouslyappeared atThe Oil Drum, and islicensed under aCreativeCommons Attribution-ShareAlike 3.0 United States License.)It has been interesting to watchthe flurry of ethanol rhetoric sincethe recent elections. With the$0.45 per gallon subsidy (calledtheVEETC) and the ethanoltariffs both set to expire at the endof next month, both sides feel thatthere is a lot at stake, and theyhave really ramped up therhetoric. One side will claim thatethanol is the greatest thing sincesliced bread, then the other sideclaims it is an environmentaldisaster. Around and around theclaims go. Misinformationabounds.Mortgaging the FutureI am not going to argue in thisessay that U.S. ethanol policy isgood or bad, but I am going toargue that extending the VEETCis fiscally irresponsible. There area couple of issues that influencemy thinking on this: (1) I think governments need to be betterstewards of taxpayer dollars; and(2) I hate waste.Over the past decade, the U.S.has been on a spending binge,spending far more money than wehave collected in tax revenues.That means that we are burdeningour children with debt. I believethis is incredibly selfish andirresponsible. We are supposed towork to improve the future for ourchildren, not sabotage it. So myview is that when we spend taxdollars, we need to have a verygood reason for doing it.The Bills Our Children Have toPayI also hate waste. Wasted food,energy, money, time – I loathethem all. So any time I seewasteful government spendingthat mortgages the futures of thenext generation, I am determinedto fight it.If, however, I thought that theVEETC was actually doingsomething to improve theprospects for future generations, Iwould suggest that it was moneywell spent. But I don’t think that’swhat it does at all, for reasons Iwill get into below.The Redundant SubsidyTo review, here is where thingsstand. There are two pieces of legislation set to expire at the endof this year. One is the $0.45 pergallon subsidy (called theVEETC) that is paid to oilcompanies to blend ethanol intogasoline. Because the oilcompanies are also mandated toblend ethanol, the subsidy ismostly redundant. That is, we arepaying a subsidy for somethingthat is already being compelled bylaw. As I have argued before, it islike paying people to obey speedlimits. I don’t know too manypeople who would think it is agood idea to borrow money fromour children so we can give itback to their parents for obeyingtraffic laws. (You can find a moredetailed discussion on the VEETChere).The second piece of legislation isan ethanol tariff that is applied toethanol entering the U.S. market.Brazilian producers want to seethat tariff removed to open up theU.S. market, and U.S. producerswant to see it maintained toprotect their market. For a moredetailed look at the issues aroundthe tariff, seeImplications Of TheU.S. Ethanol Tariff.I believe that the ethanol lobbyrecognizes that they don’t reallyneed the VEETC with themandate in place. After all, wehad subsidies for 30 years, but theexplosive growth in the industryonly happened once theRenewable Fuel Standard (RFS)was passed into law in 2005. TheRFS meant that it was no longeroptional for the oil companies toblend ethanol; they werecompelled by law to do it.Following the passage of theRFS, ethanol use exploded,tripling in 5 years followingpassage of the Energy Policy Actof 2005. In fact, growth was sofast that ethanol producersproduced too much ethanol. Sothey went back and lobbiedCongress to increase the amountsthat oil companies were mandatedto blend. Originally scheduled toblend 7.5 billion gallons of ethanol by 2012, the new scheduleincreased the blend amount toover 13 billion gallons of conventional (corn) ethanol by2012 and 15 billion gallons of corn ethanol by 2015.The Subsidy Protects the Tariff So if the RFS accomplished whatthe VEETC was intended toaccomplish, why is the ethanol
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