Sunday, December 2, 2012

Highlights of the approaching 'fiscal cliff'

The "fiscal cliff" is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs.

It's the punishment for previous failures of a bitterly divided Congress and White House to deal with the government's spiraling debt or overhaul tax laws. The Congressional Budget Office estimates that the austerity program would reduce the deficit by $503 billion through the end of next September, or approaching $700 billion for the entire calendar year. The CBO says millions of jobs could be lost.

The fiscal cliff includes:

?The expiration of George W. Bush-era tax cuts on income, investments, married couples and families with children and inheritances. In addition, some 26 million additional face the alternative minimum tax next filing season, which would raise their taxes by an average of $3,700. Cost through September: $330 billion.

?A $55 billion, 9 percent cut in the defense budget next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.

?The expiration of unemployment benefits for the long-term jobless. Cost: $26 billion.

?A sharp cut in reimbursements for doctors participating in Medicare. Cost: $11 billion.

?The expiration of Obama's temporary 2 percentage point cut in payroll taxes. Cost: $95 billion.

?A variety of smaller taxes cuts for both businesses and individuals collectively known as tax "extenders." They include a tax credit for research and development and a deduction for sales taxes in states that don't have an income tax. Cost: about $65 billion.

?A need to increase the government's borrowing cap (the so-called debt limit) of $16.4 trillion. The government is expected to hit the cap late this year but the Treasury Department has the authority to juggle certain accounts to buy several more weeks of time so that Congress won't have to act until early next year.

Source: http://news.yahoo.com/highlights-approaching-fiscal-cliff-141258815.html

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nimitarora53: Athens city guide | Travel & Leisure ...

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North Korea gears up to launch long-range rocket

FILE - In this April 8, 2012 file photo, a group of journalists walk down a road in front of North Korea's Unha-3 rocket at Sohae Satellite Station in Tongchang-ri, North Korea. April 8, 2012. North Korea said Saturday, Dec. 1, 2012 it will launch a long-range rocket between Dec. 10 and Dec. 22. The launch will heighten already strained tensions with South Korean ahead of its presidential election on Dec. 19. (AP Photo/David Guttenfelder, File)

FILE - In this April 8, 2012 file photo, a group of journalists walk down a road in front of North Korea's Unha-3 rocket at Sohae Satellite Station in Tongchang-ri, North Korea. April 8, 2012. North Korea said Saturday, Dec. 1, 2012 it will launch a long-range rocket between Dec. 10 and Dec. 22. The launch will heighten already strained tensions with South Korean ahead of its presidential election on Dec. 19. (AP Photo/David Guttenfelder, File)

FILE - This Monday Nov. 26, 2012 file satellite image provided by DigitalGlobe and annotated by 38 North, the website of the U.S.-Korea Institute at Johns Hopkins School of Advanced International Studies, shows the Sohae Satellite Launch Station in Cholsan County, North Pyongan Province, North Korea. North Korea said Saturday, Dec. 1, 2012 it will launch a long-range rocket between Dec. 10 and Dec. 22, a move likely to heighten already strained tensions with Washington and Seoul ahead of South Korean presidential elections Dec. 19. (AP Photo/DigitalGlobe via 38 North, File)

FILE - In this April 8, 2012 file photo, a North Korean soldier stands in front of the country's Unha-3 rocket, slated for liftoff between April 12-16, at Sohae Satellite Station in Tongchang-ri, North Korea. Rocket sections are apparently being trucked into North Korea's northwest launch site, but some analysts are asking whether it's just a calculated bluff meant to jangle the Obama administration and influence South Korean voters ahead of Dec. 19 presidential elections in three weeks. (AP Photo/David Guttenfelder, File)

FILE - In this April 8, 2012 file photo, North Korea's Unha-3 rocket stands at Sohae Satellite Station in Tongchang-ri, North Korea. North Korea said Saturday, Dec. 1, 2012 it will launch a long-range rocket between Dec. 10 and Dec. 22. The launch will heighten already strained tensions with South Korean ahead of its presidential election on Dec. 19. (AP Photo/David Guttenfelder, File)

FILE - In this Wednesday, April 8, 2012 file photo, North Korea's Unha-3 rocket, slated for liftoff between April 12-16, stands at Sohae Satellite Station in Tongchang-ri, North Korea. North Korea said Saturday, Dec. 1, 2012 it will launch a long-range rocket between Dec. 10 and Dec. 22. The launch will heighten already strained tensions with South Korean ahead of its presidential election on Dec. 19. (AP Photo/David Guttenfelder, File)

SEOUL, South Korea (AP) ? North Korea is gearing up to fire a long-range rocket this month in a defiant move expected to raise the stakes of a global standoff over its missile and nuclear programs.

The North's announcement Saturday that it would launch the rocket between Dec. 10 and Dec. 22 came as President Barack Obama prepares for his second term and as South Korea holds a presidential election Dec. 19.

It would be North Korea's second launch attempt under leader Kim Jong Un, who took power following his father Kim Jong Il's death nearly a year ago. Some analysts have expressed skepticism that North Korea has corrected whatever caused the embarrassing misfire of its last rocket eight months ago. That launch earned the country widespread international condemnation.

A spokesman for North Korea's Korean Committee for Space Technology, however, said scientists have "analyzed the mistakes" made in the failed April launch and improved the precision of its Unha rocket and Kwangmyongsong satellite, according to the official Korean Central News Agency.

The statement said the launch was a request of late leader Kim Jong Il. He died on Dec. 17, 2011, and North Koreans are expected to mark that date this year with some fanfare. The space agency said the rocket would be mounted with a polar-orbiting Earth observation satellite, and maintained its right to develop a peaceful space program.

Washington considers North Korea's rocket launches to be veiled covers for tests of technology for long-range missiles designed to strike the United States, and such tests are banned by the United Nations.

"A North Korean 'satellite' launch would be a highly provocative act," State Department spokeswoman Victoria Nuland said in Washington, D.C. "Any North Korean launch using ballistic missile technology is in direct violation of U.N. Security Council resolutions."

In 2009, North Korea conducted rocket and nuclear tests within months of Obama taking office.

China, the North's main ally and aid provider, also expressed concerns about the launch. Beijing's Foreign Ministry on Sunday acknowledged North Korea's right to the peaceful use of outer space, but said that had to be harmonized with restrictions including those set by the U.N. Security Council.

North Korea has capable short- and medium-range missiles, but long-range launches in 1998, 2006, 2009 and in April of this year ended in failure. North Korea is not known to have succeeded in mounting an atomic bomb on a missile but is believed to have enough weaponized plutonium for at least half a dozen bombs, according to U.S. experts. In 2010 it revealed a uranium enrichment program that could provide a second source of material for nuclear weapons.

Six-nation negotiations on dismantling North Korea's nuclear program in exchange for aid fell apart in early 2009.

There has been some skepticism about whether North Korea will succeed.

"Preparing for a launch less than a year after a failure calls into question whether the North could have analyzed and fixed whatever went wrong," David Wright, a physicist with the Union of Concerned Scientists, wrote on the organization's website this week.

North Korea said it chose a safe flight path so debris won't endanger neighboring countries. But there are still concerns over falling debris, and Japan's defense minister issued an order to missile units to prepare to intercept the rocket if it or its fragments threaten to hit Japan.

The first stage of the rocket is expected to fall in the Yellow Sea and the second stage in waters east of the Philippines, a South Korean Foreign Ministry official said Sunday. The official said Japanese officials provided the information after intercepting a North Korean-dispatched telex about the launch.

The message said North Korea plans to launch the rocket between 7 a.m. (2200 GMT) and noon (0300 GMT) during its planned launch window, the South Korean official said on condition of anonymity because of department rules.

South Korean officials have accused North Korea of trying to influence the South's presidential election with what they consider provocations meant to put pressure on voters and on the United States as the North seeks concessions. Conservative Park Geun-hye, the daughter of late President Park Chung-hee, is facing liberal Moon Jae-in in the South Korean presidential vote. Polls show the candidates in a close race.

North Korea is "working hard to influence the upcoming election. They may have a preferred candidate," South Korean President Lee Myung-bak said in an interview with a small group of foreign reporters in the presidential Blue House. "Even if they test fire a missile, it will not have a big impact on the election," Lee said, speaking through an interpreter.

Lee gave the interview Thursday but his office embargoed the publication of his comments until Sunday.

North Korea under its young leader has pledged to bolster its nuclear arsenal unless Washington scraps what the North calls a "hostile" policy. North Korea maintains that it is building bombs to defend itself against what it sees as a U.S. nuclear threat in the region.

This year is the centennial of the birth of national founder Kim Il Sung, the grandfather of Kim Jong Un. According to North Korean propaganda, 2012 is meant to put the North on a path toward a "strong, prosperous and great nation."

"North Korea appears to be under pressure to redeem its April launch failure before the year of the 'strong, prosperous and great nation' ends," said Koh Yu-hwan, a North Korea expert at Dongguk University in Seoul.

He added that a successful rocket launch would raise North Korea's bargaining power with South Korea and the United States "because it means the country is closer to developing missiles capable of carrying nuclear warheads."

Before its last two rocket launches, North Korea notified the International Civil Aviation Organization and the International Maritime Organization about its intentions to launch. IMO spokeswoman Natasha Brown said that as of Friday the organization had not been notified by North Korea.

The North's announcement on Saturday comes two days after South Korea canceled what would have been the launch of its first satellite from its own territory. Scientists in Seoul cited technical difficulties. South Korea's Foreign Ministry said in a statement that the North's planned launch is "a grave provocation and a head-on challenge to the international community."

North Korea's missile and nuclear programs will be a challenge for Obama in his second term and for the incoming South Korean leader. Washington's most recent attempt to negotiate a freeze of the North's nuclear program and a test moratorium in exchange for food aid collapsed with the April launch.

In Japan, Prime Minister Yoshihiko Noda said he would coordinate with the U.S., South Korea, China and Russia in strongly urging the North to refrain from the rocket launch. Kyodo News agency said Japan also postponed high-level talks with North Korea scheduled for Wednesday and Thursday.

British Foreign Secretary William Hague condemned North Korea's launch plan, saying a failure by North Korea to cancel the firing will lead to a further response by the international community.

The Korean Peninsula remains in a state of war because the 1950-53 Korean conflict ended in a truce, not a peace treaty. Washington stations nearly 30,000 troops in South Korea as a buttress against any North Korean aggression. Tens of thousands more are in nearby Japan.

___

Associated Press writers Jean H. Lee, Hyung-jin Kim and Sam Kim in Seoul, Jill Lawless in London, Thomas Strong in Washington, D.C., and Elaine Kurtenbach in Tokyo contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/b2f0ca3a594644ee9e50a8ec4ce2d6de/Article_2012-12-02-AS-NKorea-Rocket-Launch/id-7cb0f5bc572b4b11900ae7801ec66d5b

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Saturday, December 1, 2012

Gimme shelter and light therapy at Swedish bus stops

STOCKHOLM (Reuters) - Commuters in the northern Swedish town of Umea are being treated to light therapy as the long, dark winter for which the Nordic state is renowned draws in.

Energy company Umea Energi has decided to install lights at about 30 bus stops for people, which will be in place for the next three weeks.

"This is so people can get a little energy kick as they are waiting," said Umea Energi marketing chief Anna Norrgard. Umea is about 600 km north of capital city Stockholm.

The company also wanted to highlight the fact that its energy comes from environmentally sound sources, she said.

Much of Sweden is plunged into long, dark winters, often with lots of snow. The sun in Umea currently rises at about 8 a.m. local time (0700 GMT) and sets at 3 p.m. The daylight hours are shortest in December, when the sun comes up at about 10 a.m. and disappears again at about 2:30 pm.

Some towns north of the Arctic circle have no daylight for several weeks in the winter.

(The story removes all references to ultra-violet from story.)

(Reporting by Patrick Lannin, editing by Paul Casciato)

Source: http://news.yahoo.com/gimme-shelter-light-therapy-swedish-bus-stops-163723090.html

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Excel At E-mail Marketing With These Great Tips - Businesses

When everyone is constantly checking email, marketing with email is a great strategy. Use the tips you?ve read here to ensure that your campaign gets off to a great start!

Don?t spam your customer base; get permission to send emails. Sending spam emails is the surest way to make sure that your subsequent emails will be ignored and unwanted. Some say that they might end up not desiring to work with your company any longer.

You can use a multi-part message to approach several topics in one email. You can use HTML and text content to make sure your email is displayed correctly on all devices and browsers. This is worth the time you spend on it, because plain-text subscribers won?t stay subscribed to HTML-only lists for long.

TIP! Short marketing emails are the most effective of all. Its content needs to be direct.

It is wise to use SMS messages along with your emails. This pairing can ensure that your subscribers receive your complete message. Text messages are a great way to heighten awareness of your brand or company.

Customize your messages in any personal manner that is available to you, so you can send messages to subscribers that let them feel like people. If a subscriber reads your message and starts feeling like it is a standard letter, they are probably going to just delete the email and maybe block you. Although adding their name is quite easy, you want to take it beyond that. For instance, you should have information that tells you when and where a reader subscribed, as well as why they did so. Make use of such data in your emails.

Sending an email is simple and effective when it comes to communicating with customers. When you send an email, it?s important to remember to keep it short. Not many people have time to read a long email about a mundane subject. Link to your website in your email communications. This will allow them to quickly obtain further information on your site.

TIP! Make email previewers work for you by taking advantage of preheader material. Preheaders are essentially the initial line of characters from the email itself, rendered in highlighted text.

Make sure to email only people you know. Sending emails to people who have never heard of you or what you have to sell is spam. This type of random emailing can just cause a person to question whether they know you or your company, and they probably will end up caring less about your company if they run across it in the future. This uncertainty may cause your email to hit the trash immediately, wasting your time and the recipient?s.

Given the abundance of knowledge presented in this article, check in with yourself to make sure you remember all that you have read. Make sure to reread this article as needed and keep it on hand for easy access. If you apply the lessons learned within, you are sure to achieve the goals you set for your business.

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S. Africa deputy president cagey on leading ANC

PRETORIA, South Africa (AP) ? South Africa's Deputy President Kgalema Motlanthe, the man some have begun to nominate to take over the nation's governing African National Congress party, doesn't want to be called a politician. Let alone a candidate.

"I'm still agonizing over it," Motlanthe told foreign journalists Friday at the Union Buildings, the seat of the nation's presidency.

Yet ANC local bodies have begun to pick Motlanthe, a subdued, 63 year old to take over the party now run by President Jacob Zuma. It's not clear whether Motlanthe will get the support needed to overcome Zuma at the party's December convention in Mangaung. Certainly Motlanthe is not actively campaigning; he dodged even some of the simplest questions Friday. Some, however, have heralded his candidacy as a chance to put someone in place whose perceived quiet rectitude and caution could right a party beset by allegations of mismanagement and corruption.

Becoming leader of the ANC means a nearly automatic ticket to becoming the president in post-apartheid South Africa. Opposition parties don't garner the widespread support given to the ANC, the party of icon and former President Nelson Mandela. National elections are scheduled to be held in 2014, so the upcoming ANC convention will set in place the leadership who will contest it.

Zuma, 70, currently leads the party. However, he faces ever-increasing criticism among South Africans as the nation's poor blacks, who believed the end of apartheid would bring economic prosperity, face the same poverty as before while politicians and the elite get richer. Meanwhile the nation's economy continues to struggle amid slow growth and the aftermath of violent unrest in the country's mining industry. Zuma also faces criticism over millions of dollars of government-paid improvements made at his private homestead.

However, Zuma remains a charismatic leader who maintains a great deal of support from Zulus, South Africa's largest ethnic group. And while the ANC doesn't have a strong history of candidates campaigning before their national conventions, Motlanthe seems at pains ? for now ? to separate himself as far as possible from the idea of being candidate.

"I know it might sound like a lot of ducking and diving and so on," he said Friday while speaking to the Foreign Correspondents' Association of Southern Africa. He added: "I have a political attitude, but I'm certainly not a politician."

Such ducking might help Motlanthe, who served as South Africa's president from September 2008 to May 2009 after then-President Thabo Mbeki resigned. Some might view him as sober leader, untainted by the internal disorder within the ANC. Though he shied away Friday from even naming who he thought were the most inspirational leaders in Africa, the former Robben Island detainee criticized the corruption that he said comes with "the sins of incumbency."

"Once it gets to a point where it becomes a matter of life and death to occupy a position of leadership or not, with an eye on future opportunities, therein lies the danger," Motlanthe said. "The duty to be of service is lost ... With time, you end up with a web of connections and patronage that is challenging."

When asked for his opinions on Zuma, he replied: "He is my president. He has all the qualities of being a president of the ANC."

Motlanthe later left the room smiling as he walked under a portrait of Zuma on the wall above his head.

___

Jon Gambrell can be reached at www.twitter.com/jongambrellAP .

Source: http://news.yahoo.com/africa-deputy-president-cagey-leading-anc-092038598--politics.html

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