Are We Regulating Ourselves Back Into Recession?

"Let us put an end to self-inflicted wounds," President Gerald Ford told Congress in 1975. "And let us remember that our national unity is a most priceless asset." While Ford was talking about the scars from the Vietnam War, his words seem relevant today. Our nation grapples with not one divisive issue, but a basket of them, each pulling and undermining our already battered confidence, while testing...

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Earnings from McDonald's, Microsoft sink stocks

NEW YORK (AP) -- Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon."I'm concerned about corporate earnings,...

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Judge asks Hostess to mediate with union

WHITE PLAINS, N.Y. (AP) -- Twinkies won't die that easily after all.Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.The bankruptcy judge hearing the...

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Neah Power Systems Issues Letter to Shareholder Highlighting Recent Developments

Neah Power continues its aggressive efforts to commercialize proprietary patented fuel cell technology – the PowerchipTM product and the PowerPlay™ product - that has the potential to revolutionize the energy storage marketplace.Bothell, WA (PRWEB) January 07, 2013Neah Power Systems, Inc., (OTCBB: NPWZ) http://www.neahpower.com, a developer of power solutions using proprietary, award winning technology...

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OnFarm Released for Growers, First to Integrate Fixed Field Agriculture Information

OnFarm, the first company to integrate field, cloud, and activity information into a single agriculture dashboard has been released for customers.Fresno, CA (PRWEB) January 07, 2013OnFarm represents a fundamental shift in the way farmers run their operations. By putting critical information at their fingertips, OnFarm gives farmers a competitive edge in the global marketplace.OnFarm enables a farmer...

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SB-Tickets.com Announces Super Bowl Ticket and Hotel Availability Leading Up To The Championship Games

In approximately 2 weeks, following the conference championship games the site will begin to list specific seating arrangement including section and row to give customers a concrete location when making their purchase.New Orleans, LA (PRWEB) January 07, 2013SB-Tickets.com a leading Super Bowl ticket marketplace is conducting heavy preparations for this year’s game in New Orleans. The 2013 Super Bowl...

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State tax revenues continue growing in third quarter

WASHINGTON (Reuters) - State tax revenues have grown for more than two years, but they are still suffering the effects of the 2007-2009 recession, according to a report released by the Rockefeller Institute of Government on Thursday.Using preliminary data, the New York research group found that collection from major taxes increased in 47 states in the third quarter of 2012 from a year before, marking...

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Muni tax break under threat from bipartisan scrutiny in congress

WASHINGTON (Reuters) - The tax break that U.S. states, cities and counties get on the bonds they issue is in growing jeopardy now that Republicans, in addition to Democrats, are considering limits on the exemption.As part of the "fiscal cliff" negotiations to raise more federal government tax revenue, Republican lawmakers have joined Democrats in reevaluating the costly tax break, said Republican...

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Boehner plan would bring top U.S. income tax rate to 39.6 percent: source

WASHINGTON (Reuters) - House of Representatives Speaker John Boehner's latest "fiscal cliff" proposal to President Barack Obama would see the top income tax rates rise to 39.6 percent from 35 percent for those with net incomes above $1 million a year, according to a source familiar with the talks.The source, who asked not to be identified, emphasized that the income tax rate increase would be in exchange...

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House Republicans eye limited fiscal cliff bill

WASHINGTON (Reuters) - With time running short before a Dec. 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said.Boehner is presenting...

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Senator Reid rejects Boehner "fiscal cliff" backup plan

WASHINGTON (Reuters) - House Speaker John Boehner's backup plan that would simply extend low income tax rates for households with incomes below $1 million a year "cannot pass both houses of Congress," Senate Majority Leader Harry Reid said on Tuesday.Reid, a Democrat, said Boehner instead should focus on reaching a broad deficit-reduction deal with President Barack Obama. "Now is the time to show...

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LG unveils gorgeous new HDTV models with Google TV 3.0

Google TV 1.0 and Google TV 2.0 haven’t drawn much attention in the marketplace at this point, but that won’t stop Google TV 3.0-packing HDTVs from swarming the Consumer Electronics Show in Las Vega, Nevada next month. LG (066570) is among the first to take the wraps off of new televisions with the third major iteration of Google’s (GOOG) software baked in, and it will be bringing 42-, 47-, 50-, 55-...

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Ind. taxpayers to see $111 credit from surplus

Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus.Gov. Mitch Daniels on Wednesday announced the credit that will be $222 for couples filing joint returns. The credit represents the automatic taxpayer refund plan that Daniels pushed through the state Legislature last year.That refund kicked with the state's reserves...

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Lawmakers urged to resolve property tax inequities

 County and real estate officials urged the Legislature on Wednesday to deal with a thorny problem of property tax inequities among New Mexico homeowners, also known as "tax lightning," when taxes skyrocket on some residential property.At issue are widely varying valuations of residential property for tax purposes and continuing fallout from a more than decade-old law intended to protect longtime...

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Exclusive: India's fiscal deficit could reach 5.5-5.6 percent of GDP in 2012/13 - source

 India's fiscal deficit could reach 5.5-5.6 percent of GDP in the current fiscal year that ends in March, forcing the government to borrow up to 400 billion rupees ($7.2 billion) extra from the market, a senior government official told Reuters on ThursdayJust last month, subdued tax revenue and higher spending on subsidies forced the government to revise its fiscal deficit target to 5.3 percent...

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Consumer sentiment stalls ahead of Black Friday

 Consumer sentiment weakened in November as the holiday shopping period was getting underway amid growing uncertainty over federal tax and spending programs next year, a survey released on Wednesday showed.The Thomson Reuters/University of Michigan's final reading on consumer sentiment came in at 82.7, a touch up from 82.6 in October but down from a preliminary reading of 84.9 released earlier...

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Tanzania c/a deficit widens on higher oil import costs

DAR ES SALAAM (Reuters) - Tanzania's current account deficit increased by 13.1 percent in the year to October following a rise in imports of oil and of machinery for gas and oil exploration, its central bank said on Friday.The deficit in east Africa's second-biggest economy, which is fast becoming a regional energy hub following recent major discoveries of natural gas in its offshore waters, widened...

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The American Economy Is on Fire Again, Apparently

For the first time in years, everyone seems to agree that the economy truly appears to be back on track, as most of this week's new economic indicators zoomed past expectations. Earlier this morning, durable goods orders (an important of measure of how the manufacturing sector is doing) came in with impressive figures, while personal income and savings rates all blew past economists' expectations,...

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GE to buy aviation unit of Italy's Avio for $4.3 billion

MILAN (Reuters) - General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession.The deal comes as Europe's fourth-biggest economy labors to become more competitive under a reform agenda set by technocrat prime minister Mario Monti, who is due to step down on Friday before general...

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Two killed in supermarkets looting in Argentina

BUENOS AIRES (Reuters) - At least two people were killed in Argentina as looters broke into supermarkets in several cities, stirring memories of the country's devastating economic crisis 11 years ago.The violence erupted on Thursday in the Patagonian ski resort of Bariloche when dozens of looters stormed a supermarket and made off with LCD televisions and other goods.Government officials condemned...

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