Daily Digest 12/27 - Debt Limit For Dummies, Brazil Overtakes UK As 6th Largest Economy, Flight Of The Warbots
- Debt Limit For Dummies
- Treasury Plans For Euro Failure
- Franklin Roosevelt's 1936 Address
- Brazil Overtakes UK As Sixth-Largest Economy
- Law to Find Tax Evaders Denounced
- Penny-Wise and No Fools in Stores
- Putin Takes Another Swipe at Russian Protesters
- Flight of the Warbots
Debt Limit For Dummies (June C.)
Thank God for our children.
Treasury Plans For Euro Failure (SolidSwede)
Officials fear that if one member state left the euro, investors in both that country and other vulnerable eurozone nations would transfer their funds to safe havens abroad. Capital flight from weak euro nations to the UK would drive up sterling, dealing a devastating blow to the Government’s plans to rebalance the economy towards exports.
Franklin Roosevelt's 1936 Address (pinecarr)
We had to struggle with the old enemies of peace— business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan
Brazil Overtakes UK As Sixth-Largest Economy (pinecarr)
UK relegated to seventh place in world league of leading economies in 2011, according to team of economists.
Law to Find Tax Evaders Denounced (jdargis)
The law is meant to ensure Americans cannot use hidden trusts overseas to evade taxes, a goal that is widely applauded. But critics say that it amounts to gross legislative overreach, and that the $8 billion the Treasury expects to reap in taxes owed over 10 years pales next to the costs it will impose on foreign institutions. Those entities are being asked, in effect, to pay for the cost of tracking down American tax evaders.
Penny-Wise and No Fools in Stores (jdargis)
At this penny-pinching moment in American history, this reality show about moms (and a few dads) who compulsively clip coupons and stockpile free stuff is a breakout hit for TLC, the cable channel formerly best known for Kate Gosselin. So the channel is trying to make the most of it, filming holiday specials and conceiving two spinoffs that will be shown this week.
He also suggested initiating a dialogue with dissatisfied voters on the Internet — an unusual step coming from Mr. Putin, who last year described the Internet as “50 percent pornographic material.” Earlier this month, during his televised question-and-answer session, Mr. Putin said he did not use the Internet because he is too busy.
Flight of the Warbots (Chris M.)
When civilians think of the new class of mechanical warriors aiding troops in places like Iraq and Afghanistan, the high-priced, high-tech airplanes that come to mind have names like Predator and Global Hawk, made by General Atomics and Northrop Grumman (NOC), respectively. These unmanned aerial vehicles, or UAVs, operate over the Middle East, conducting in-depth surveillance of potential targets. Some of them are armed. In September, senior al-Qaeda leader Anwar al-Awlaki was killed in Yemen by two CIA-controlled Predators launching Hellfire missiles. On Dec. 4, Iran claimed it recovered a RQ-170 Sentinel, the top-secret stealth drone that was used in the May raid on Osama bin Laden’s compound.
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