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Monday, December 5, 2011

Obama Urges Republicans to Pass Payroll Tax Cut

Monday, December 05, 2011


TOP STORIES

1 Obama Urges Republicans to Pass Payroll Tax Cut

Suggesting Republicans are hypocritical for saying they won't raise taxes but refuse to cooperate on a payroll tax holiday extension, President Obama warned Monday that 160 million people will see an increase in their taxes on Jan. 1 unless Republicans agree to a compromise.


2 U.S. Military Sources: Iran Has Missing U.S. Drone


3 What Are the Most Dangerous Shows Your Kids Are Watching Without You?


4 Recent Charges of Sexual Abuse of Children in Hollywood Just Tip of Iceberg, Experts Say


5 Authorities: Body Found in Search for Missing 7-Year-Old Georgia Girl


TOP VIDEOS

1 Obama: Extending Payroll Tax Cut Is Right Thing to Do

President speaks on negotiations with Congress


2 Media Taking Ron Paul Seriously?


3 Learning to Forgive


4 Top Secret Stealth Drone Captured By Iran


5 Rudolph the Bullied Reindeer?


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Reuters Health Report

Reuters
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12/5/2011
News Good evening
LATEST NEWS
Chocolate helps you grow? EU sifts the evidence
BRUSSELS (Reuters) - A European Union committee approved more than 200 health claims Monday for use on food products, which could offer a competitive advantage to companies seeking to target health-conscious EU consumers. | Full Article
Insight: Stem cell therapy poised to come in from the cold
December 05, 2011 08:09 AM ET
(Reuters) - A rogue surgeon injects stem cells from a fetus into a sick man's brain. The cells morph and form body parts. When the man dies, the pathologist finds cartilage, skin and bone clumped in his brain. | Full Article
Special report: The legacy of Romney's healthcare Rx
December 05, 2011 05:33 PM ET
BOSTON (Reuters) - For many years, Rebeccah Pearson, a retail store manager in Newburyport, Massachusetts, was among the state residents who had to forego medical insurance. "It was pretty much pay rent and eat, or go to the doctor. I chose the rent and food," she recalls. "I would have to save up for two months before going to the doctor because it was ridiculously expensive." | Full Article
Study finds how child abuse changes the brain
December 05, 2011 12:03 PM ET
LONDON (Reuters) - Children exposed to family violence show the same pattern of activity in their brains as soldiers exposed to combat, scientists said on Monday. | Full Article
Extreme preemies show mental deficits as adults
December 05, 2011 04:32 PM ET
NEW YORK (Reuters Health) - Young adults who were born very prematurely, but without any serious brain impairments, may still not be as mentally sharp as their peers, a small study published Monday suggests. | Full Article
US TOP NEWS
S&P warns of broad euro zone downgrade over debt crisis
December 05, 2011 05:30 PM ET
NEW YORK (Reuters) - Standard & Poor's on Monday warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to reach an agreement on how to solve the region's debt crisis in a summit later this week. | Full Article
Franco-German budget plan demands EU treaty change
December 05, 2011 05:28 PM ET
PARIS (Reuters) - The leaders of France and Germany agreed a master plan on Monday for imposing budget discipline across the euro zone, saying the EU's basic treaty will need to be changed in the search for a sweeping solution to its debt crisis. | Full Article
November service sector cools, factory orders fall
December 05, 2011 03:30 PM ET
NEW YORK (Reuters) - Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound. | Full Article
U.S. Postal Service seeks to end next-day mail
December 05, 2011 04:17 PM ET
WASHINGTON (Reuters) - The cash-strapped U.S. Postal Service on Monday moved forward with plans to end next-day delivery of letters, postcards and other First Class mail. | Full Article
Analysis: "Cold War" with Iran heats up across Mideast
December 05, 2011 03:09 PM ET
LONDON (Reuters) - Worries of Israel striking Iran might or might not be overblown but across the region the largely hidden "cold war" between Tehran and its enemies is escalating fast, bringing with it wider risk of conflict. | Full Article
BUSINESS NEWS
Wall St up but warning on Europe chills rally
Fed must act now to boost economy, Evans says
Lehman hearing may herald end of 3-year bankruptcy
Japan's Olympus faces moment of truth in accounting
Exclusive: Apple vs. Samsung ruling divulges secret details
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Dear Prudence: The Therapist Has Two Faces

Slate Magazine
Now playing: Slate V, a video-only site from the world's leading online magazine. Visit Slate V at www.slatev.com.
Dear Prudence
The Therapist Has Two Faces
Dear Prudence advises a protégé whose mentor makes fun of clients behind their backs—in a live chat at Washingtonpost.com.
By Emily Yoffe
Posted Monday, Dec 05, 2011, at 08:37 PM ET

Emily Yoffe, aka Dear Prudence, is on Washingtonpost.com weekly to chat live with readers. An edited transcript of this week's chat is below. (Sign up here to get Dear Prudence delivered to your inbox each week. Read Prudie's Slate columns here. Send questions to Prudence at prudence@slate.com.)

Emily Yoffe: Good afternoon, everyone. I look forward to your questions.

Q. Bad Counselor: I started my first job as a counselor recently. My mentor is an experienced, middle-aged counselor who is well-recognized in our area as one of the best family counselors. I thought it was an absolute privilege to learn from her. But the more time I spend with her, the more uncomfortable I feel. She is outwardly a kind, thoughtful, empathic counselor who knows what to say at the right time. Her office is full of gifts and cards from grateful clients who feel as though they finally met a nonjudgmental person to guide them through their difficulties. But when they aren't there, she turns into a different person. I've heard her on the phone with a client whose child died suddenly. She listened to him intently and said all the kind, supportive words—but she was looking at my direction rolling her eyes. When she got off the phone she mimicked the client's distress and called him a "chronic whinger." She has derogatory nicknames for most of her clients. On Fridays when we all have staff lunch, she makes fun of ...

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Also In Slate

Nancy Pelosi Hints That She Has "Thousands of Pages" of Dirt on Gingrich


The Terrifying Phone Software That's Tracking Your Movements and Logging Your Keystrokes


The Broncos' Stunning Victory Over the Vikings Is Shaking My Non-Belief in God

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Moneybox: Borrow. Borrow. And Borrow Some More.

Slate Magazine
Now playing: Slate V, a video-only site from the world's leading online magazine. Visit Slate V at www.slatev.com.
Moneybox
Borrow. Borrow. And Borrow Some More.
The Republican and Democrats both have dumb plans to fund the payroll tax cut. This is what they should do instead.
By Matthew Yglesias
Posted Monday, Dec 05, 2011, at 08:39 PM ET

On occasion when I feel like getting upset at someone, I scroll over to the website of the U.S. Treasury Department and check its Daily Real Yield Curve page. This vital economic resource is obscure to the average American, which is understandable, but also apparently unknown to the president of the United States and members of Congress of both parties. It says something, after all, that's slightly shocking. As of Dec. 2, the inflation-adjusted interest rate financial markets are charging the federal government for a five-year loan is negative. For a seven-year loan? Negative. For a 10-year loan? Zero. In other words, investors are currently willing to lend the U.S. government money, and then in return get back less money (in inflation-adjusted returns) five or seven years later. At 10 years, we'd be repaying exactly what we put in.

Consider this as you look at the congressional fight about how to pay for an extension of temporary payroll tax cuts that both parties in principle agree should be extended.

Republicans want to pay for the extension with reductions in government spending, holding the short-term needs of the fragile labor market hostage to their larger ideological agenda. Democrats propose paying for the extensions with a temporary tax on incomes of over $1 million, hoping the GOP will object and thus permit the president to castigate his opponents as taxing the middle class to benefit millionaires. Democrats on the Hill and in the administration have conveyed to me ...

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Join the Fray: our reader discussion forum
What did you think of this article?
POST A MESSAGE | READ MESSAGES

Also In Slate

Nancy Pelosi Hints That She Has "Thousands of Pages" of Dirt on Gingrich


The Terrifying Phone Software That's Tracking Your Movements and Logging Your Keystrokes


The Broncos' Stunning Victory Over the Vikings Is Shaking My Non-Belief in God

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Ideas on how to make something better? Send an e-mail to slatenewsletter@nl.slate.com.

Copyright 2011 The Slate Group | Privacy Policy
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