Daily Digest 4/10 - Tightening The Screws, Disappointing Jobs Report Sends Shares Lower, Raising The Floor On Pay
- Obama To Make Case For "Buffett Rule"
- Tightening The Screws
- Why A Triple-Crisis Is On The Near Horizon
- Weak Jobs Report Sends Shares Lower for 4th Day
- Seeking Robots To Go Where First Responders Can't
- Raising The Floor On Pay
- Surplus in China Trade Comes as Surprise
Obama To Make Case For "Buffett Rule" (jdargis)
“The idea behind the Buffett Rule is to have a tax on high-income earners who avoid paying much of their income taxes,” said Alan B. Krueger, chairman of Mr. Obama’s Council of Economic Advisers. “So in that sense, it’s not a new tax – it’s bringing the high-income earners who managed to avoid paying a large share of their income in taxes up to the level of other high-income earners.”
Tightening The Screws (Ilene)
“The public is still buying bonds like mad and the markets are getting renewed help from the foreign central banks and the commercial banks in the last 2 weeks. That could underpin a return to a bullish tone for stocks once the big Treasury auctions are out of the way on Thursday. All in all, the pattern looks weak for stocks and strong for bonds early in the week, with Thursday afternoon shaping up as an opportune time for reversal."
Why A Triple-Crisis Is On The Near Horizon (David B.)
You know that even some of the stronger EU countries, France and Germany included, are also embroiled in the crisis — their banks swimming in toxic sovereign debts … their own budgets strained by the ever-greater demands for bailout funds … their people rebelling against the entire concept of a European Union … and more.
John Manley, chief equity strategist at Wells Fargo Advantage Funds, said financial shares were hurt by lingering concerns about credit quality after the Spanish debt auction set off declines in European indexes last week. “My guess is people are rethinking Europe,” he said. “Concerns about credit quality — those are the issues that were never really addressed.”
In the Tuesday announcement, the Defense Advanced Research and Planning Agency, or Darpa, lists eight likely tasks the robot will need to perform — among them driving a vehicle to a simulated disaster site, moving across rubble, removing rubble from an entryway, climbing a ladder, using a tool to break through a concrete wall, finding and closing a valve on a leaking pipe, and replacing a component like a cooling pump.
Mr. Edsinger said the challenge would be not in completing any one of the tasks but rather in integrating them into a single mission. “I feel we have already have systems that can achieve each individual task in the challenge,” he said.
Raising The Floor On Pay (jdargis)
Massachusetts lawmakers are pushing for a big jump, with the Legislature’s joint committee on labor approving a measure last month that would raise the minimum to $10 an hour, which would leapfrog Washington State, whose $9.04 minimum is the nation’s highest.
Surplus in China Trade Comes as Surprise (jdargis)
Slowing domestic demand is a concern in an economy, except when deliberately engineered to slow inflation, as is the case to some extent in China. But the Chinese government faces a particularly difficult balancing act, as strong economic growth has been its main claim to political legitimacy.
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