Daily Digest

Daily Digest 12/5 - Euro Crisis Lingers, France Withdrawing Embassy Staff From Iran, Record Jump In CO2 Emissions In 2010

Monday, December 5, 2011, 11:42 AM
  • Leaders Look to I.M.F., Again, as Euro Crisis Lingers
  • Armed and Ready: New Mexico Residents Defy Government
  • You Gotta Have Friends
  • France Withdrawing Some Embassy Staff From Iran
  • 'Never Before Has the World Been as Close to War with Iran'
  • Income Taxes for Wealthy May Increase in Albany Deal
  • Democrats and G.O.P. Seize on Competing Narratives
  • Record Jump in Carbon Emissions in 2010, Study Finds

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Economy

Leaders Look to I.M.F., Again, as Euro Crisis Lingers (jdargis)

European Union leaders have already turned to the I.M.F. to assist smaller nations like Ireland, Greece and Portugal. In all three, the fund is providing about a third of the necessary loans and its expertise in guiding countries with solvency problems back to recovery. Last month, at the Group of 20 summit meeting in Cannes, the fund was also asked to monitor the economic, fiscal and structural reforms in huge and shaky Italy — not as a lender, at least not yet, but rather to lend its skills and credibility to the efforts of the new prime minister, Mario Monti, a technocrat.

Armed and Ready: New Mexico Residents Defy Government (June C.)

In the Southeast corner of the state, many landowners have working oil wells on their property. The EPA told the oil operators they would have to stop operating their wells because there was too much risk of harming the environment. At a town hall meeting convened by the EPA, a woman in her 60s rose to address the feds. She pointed out that her land had been in her family for over 200 years, and she was not about to let some official from an unconstitutional bureaucracy tell her what she could or could not do with her land.

You Gotta Have Friends (Ilene)

When confronted with unstable markets where the instability is, by itself, undermining the broader economy, the first objective is to reestablish stability. There is only one way to do that in the short-term. The financial authorities must establish Two Way Risk back into the market. Ideally, the objective is to create as much risk in being long as the risk of being short.

France Withdrawing Some Embassy Staff From Iran (jdargis)

Britain has withdrawn its diplomats from Iran and expelled Iranian diplomats from its soil. France announced after the attack that it was recalling its ambassador for consultations, as have Germany and the Netherlands. Italy and Spain summoned Iranian envoys to condemn the attack.

'Never Before Has the World Been as Close to War with Iran' (jdargis)

The tightened sanctions come in the wake of the storming of the British Embassy in Tehran on Nov. 29, in which protesters tore down the British flag, set fire to a car and caused what some eyewitnesses say is considerable damage to the compound. In response, the British government withdrew its diplomats from the country and expelled Iranian diplomats from London. Several other European countries moved to withdraw their ambassadors from Tehran as a result of the storming, which many believe had the backing the Iranian government, angry over further sanctions against the country following a report from the International Atomic Energy Agency (IAEA) on its nuclear program last month.

Income Taxes for Wealthy May Increase in Albany Deal (jdargis)

But with the Occupy Wall Street movement drawing more attention to the issue of economic inequality and with the faltering economy widening next year’s projected state budget gap to as much as $3.5 billion, Mr. Cuomo refused for the first time this week to rule out seeking any increase in taxes in the coming year, and in recent weeks he has repeatedly expressed a desire to bring more “fairness” to the tax code.

Democrats and G.O.P. Seize on Competing Narratives (jdargis)

A few hours later, the president cited the growth in jobs without ever mentioning the level of unemployment. “Despite some strong headwinds this year, the American economy has now created, in the private sector, jobs for the past 21 months in a row,” Mr. Obama said, appearing in Washington alongside former President Bill Clinton, as good a visual symbol as any of prosperity under a Democratic administration.

The differing responses highlight a big question as the primary seasons draws near: Which is more politically powerful, a positive trend in job growth or the absolute level of unemployment?

Environment

Record Jump in Carbon Emissions in 2010, Study Finds (jdargis)

Global emissions of carbon dioxide from fossil-fuel burning jumped by the largest amount on record last year, upending the notion that the brief decline during the recession might persist through the recovery.

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7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
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Full Moon's picture
Full Moon
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France Withdrawing Some Embassy Staff From Iran

 the signs are coming from everywhere ...     interesting times for certain .   May we be found faithful !

 

 FM

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1988
the above "Armed and Ready" article is disturbing

Frankly, I was dismayed that we would post anything that would lionize someone who would not pay their taxes. 

Defying the forest service to cut a firebreak at least made some sense to me, in that I have friends who were not allowed to do that and lost their homes in California wildfires. I could even see the point of the woman who's family had owned her land for over 200 years and bristled at the EPA telling her she could not pump oil based on the 'possibility" that it might hurt the environment..but, lauding tax cheats? 

Shame.

 

osb272646's picture
osb272646
Status: Silver Member (Offline)
Joined: Mar 14 2010
Posts: 120
safewrite

It is a multifaceted battle.  I have personally been prohibited from hiking nat forest land in the southwest by what I felt were overzealous bureaucrats.  The land which belongs to us all seems to be sometimes reserved to those that "know better" than the rest of us.  Cutting off the revenue flow to those in charge might be a way of fighting back.  A resident in that area may take such things more seriously than a visitor to the area, such as myself. 

doorwarrior's picture
doorwarrior
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Posts: 166
safewrite wrote:Frankly, I

safewrite wrote:

Frankly, I was dismayed that we would post anything that would lionize someone who would not pay their taxes. 

The article  said he refused to file the forms, it didn't say he refused to pay his taxes. Nowhere in the tax code does it require you to file. 60 Minutes did a spot on this and no one could point to a regulation in the tax code requiring you to file. I tried to find the link but couldn't.

Seidel has frequently argued that he will gladly submit to a federal court (authorized under Article III of the U.S. Constitution) as opposed to a mere tax court (which is an unconstitutional creature within the IRS). As with many administrative agencies, the combining of legislative, executive and judicial powers within the same four walls constitutes the very definition of tyranny which James Madison warned us about in Federalist 47.

Sounds to me like Seidel has done his homework and knows exactly what he is doing. It also appears he may be legaly correct since the IRS doesn't want to take him on.

I do like how people are really starting to push back against the federal government. This is one of the ways we fight federal intrusion into our lives. We elect local officials that will not bow to the feds, people that will actualy serve and protect The People from enimies both foreign and domestic. Just because a bureaucrat says says something is so doesn't mean its the law or that we must comply. We are supposed to be free in this country.

Rich

SingleSpeak's picture
SingleSpeak
Status: Platinum Member (Offline)
Joined: Dec 1 2008
Posts: 503
doorwarrior
doorwarrior wrote:

safewrite wrote:

Frankly, I was dismayed that we would post anything that would lionize someone who would not pay their taxes. 

The article  said he refused to file the forms, it didn't say he refused to pay his taxes. Nowhere in the tax code does it require you to file. 60 Minutes did a spot on this and no one could point to a regulation in the tax code requiring you to file. I tried to find the link but couldn't.

Seidel has frequently argued that he will gladly submit to a federal court (authorized under Article III of the U.S. Constitution) as opposed to a mere tax court (which is an unconstitutional creature within the IRS). As with many administrative agencies, the combining of legislative, executive and judicial powers within the same four walls constitutes the very definition of tyranny which James Madison warned us about in Federalist 47.

Sounds to me like Seidel has done his homework and knows exactly what he is doing. It also appears he may be legaly correct since the IRS doesn't want to take him on.

I do like how people are really starting to push back against the federal government. This is one of the ways we fight federal intrusion into our lives. We elect local officials that will not bow to the feds, people that will actualy serve and protect The People from enimies both foreign and domestic. Just because a bureaucrat says says something is so doesn't mean its the law or that we must comply. We are supposed to be free in this country.

Rich

+1

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Trying times for pseudosceptics.

Tom Whipple (Remember him from the Oil Drum?) Had a piece in the Falls Church News, Wednesday, November 16 2011 02:45:44 PM

The Peak Oil Crisis: Transitioning to Cold Fusion

In a nutshell the results will come in thick and fast from other researchers now that CF is seeing the light of day.

and the rest of us remained agnostic while awaiting further developments. They were not long in coming. Last week it was learned that George Miley, a Professor Emeritus of nuclear engineering at the University of Illinois who has been conducting experiments similar to those in Italy for many years, has been observing anomalous amounts of heat emanating from test equipment similar to that being used in Bologna

The future is going to look a lot different to the past.

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