Elaine Pagels' New Book Offers 'Revelations' On The Book Of Revelation

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[ [ [['French police stepped up the search',17]], ', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]

Source: http://news.yahoo.com/illinois-primary-social-media-192123112.html

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Little Rock renames airport after the Clintons

LITTLE ROCK, Ark.?? Little Rock, Ark., renamed its airport to honor two of its most famous citizens ? former President Bill Clinton and Secretary of State Hillary Clinton, the airport commission said on Tuesday.

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The seven-member Little Rock Municipal Airport Commission voted unanimously to honor the Clintons, citing their numerous accomplishments.

Bill Clinton, a native of Arkansas, served as governor before winning the presidency in 1992 and serving two terms. Hillary Rodham Clinton was raised in Illinois but moved to Arkansas after marrying Bill. She was elected a senator from New York after her husband's second term finished and was appointed Secretary of State after Barack Obama won the presidency in 2008.

"The Clintons continue to have a major impact on our state and our local economy, and we believe renaming our airport in their honor is a fitting way to recognize their service and their position in Arkansas and our nation's history," said Commission Chairman Jim Dailey in a news release.

The Little Rock National Airport is the state's largest commercial service airport. It serves 2.2 passengers annually. The commission is currently working on a plan to make the airport international by 2020.

When Hillary Clinton worked at the city's Rose Law Firm, she served as legal counsel for the airport and the commission.

Bill Clinton said in a statement, "Hillary and I are humbled by the Little Rock Airport Commission's decision ... We are grateful for this honor and for all that the people of Arkansas have done for us. And we look forward to many happy landings at the airport in the years ahead."

The Federal Aviation Administration will have to approve the commission's decision. The airport's three-letter identifying code "LIT" will not change.

The commission said that it will redesign the signs entering the airport.

Little Rock is also home to the $165 million dollar William J. Clinton Presidential Center, which includes a library and park and the University of Arkansas Clinton School of Public Service.

Copyright 2012 Thomson Reuters. Click for restrictions.

Source: http://www.msnbc.msn.com/id/46806733/ns/travel-news/

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The Tax System Explained in Beer ? Daniel J. Mitchell ? Townhall ...

Tax (Photo credit: 401K)

The Tax System Explained in Beer ? Daniel J. Mitchell ? Townhall Finance Conservative Columnists and Financial Commentary.

In my explanations of the Laffer Curve, I?ve shown evidence that high tax rates discourage productive behavior and boost the underground economy.

And if higher tax rates are sufficiently onerous, the resulting reductions in taxable income can completely offset the revenue-generating impact of higher tax rates. Indeed, this is what?s already happened with the ?Snooki tax.?

And the same thing happens in reverse. If lower tax rates lead to a big enough increase in taxable income, the government actually collects more revenue ? which is exactly what happened when the top tax rate was lowered in the 1980s.

I?ve also tried to explain, shifting from economics to philosophy, that confiscatory tax rates are unfair and immoral. And I?m glad to see that most Americans agree, with 75 percent of all people saying that nobody should ever face a tax rate of more than 30 percent.

Notwithstanding that polling data, though, I fear that many people don?t really understand the economics of taxation. So I?m happy to share this little story that periodically winds up in my inbox.

===============================================

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this?

• The first four men (the poorest) would pay nothing
• The fifth would pay $1
• The sixth would pay $3
• The seventh would pay $7
• The eighth would pay $12
• The ninth would pay $18
• The tenth man (the richest) would pay $59

So, that?s what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball.

?Since you are all such good customers,? he said, ?I?m going to reduce the cost of your daily beer by $20?. Drinks for the ten men would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men ? How could they divide the $20 windfall so that everyone would get his fair share?

The bar owner suggested that it would be fair to reduce each man?s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

• And so the fifth man, like the first four, now paid nothing (100% saving).
• The sixth now paid $2 instead of $3 (33% saving).
• The seventh now paid $5 instead of $7 (28% saving).
• The eighth now paid $9 instead of $12 (25% saving).
• The ninth now paid $14 instead of $18 (22% saving).
• The tenth now paid $49 instead of $59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

?I only got a dollar out of the $20 saving,? declared the sixth man. He pointed to the tenth man,?but he got $10!?

?Yeah, that?s right,? exclaimed the fifth man. ?I only saved a dollar too. It?s unfair that he got ten times more benefit than me!?

?That?s true!? shouted the seventh man. ?Why should he get $10 back, when I got only $2? The wealthy get all the breaks!?

?Wait a minute,? yelled the first four men in unison, ?we didn?t get anything at all. This new tax system exploits the poor!?

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn?t show up for drinks so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn?t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

===============================================

Very well done. Reminds me of the PC version of the story about the ant and the grasshopper, or perhaps the joke about using two cows to explain various economic and political systems.

And if you like those, you?ll appreciate this modern fable about bureaucracy, featuring an ant and a lion.

Like this:

4 bloggers like this post.

Source: http://gds44.wordpress.com/2012/03/19/the-tax-system-explained-in-beer-daniel-j-mitchell-townhall-finance-conservative-columnists-and-financial-commentary/

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Wall Street slips as oil closely watched

By msnbc.com news services

U.S. stocks edged lower on Friday in a session with sparse economic data, but the S&P 500 and Nasdaq remained on pace for their eighth positive week in the last nine.

The S&P 500 has traded in a tight range in the past two weeks, mostly holding on to gains of nearly 9 percent since the beginning of the year. The index has risen more than 28 percent from its closing low in October.

Investors were keeping a close eye on oil prices, which have risen more than 16 percent since the start of February. U.S. crude oil futures fell 2 percent to under $107 a barrel a day after hitting a 10-month high above $110 on supply concerns in the Middle East.

A steep rise in crude and gasoline prices could cut into consumer spending and damage the economic recovery.

"We've had a pretty big move since the end of the third quarter last year that has been driven by a variety of factors but we are maybe at a point now where the market needs to digest some of the move that it has had," said Doug Foreman, director of equities at Kayne Anderson Rudnick in Los Angeles California.

"If we have some big event in the Middle East with Iran or what have you then obviously that could throw a monkey wrench into things in the short run."

For the week, the Dow is off 0.2 percent, while the S&P 500 is up 0.3 percent and the Nasdaq is up 0.7 percent.

Aides to U.S. President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are scrambling to bridge differences over what Washington fears could be an Israeli attack on Iran's nuclear sites, a concern at the heart of the recent spike in oil prices. Both leaders will meet on Monday.

The U.S. dollar's strength against the yen and the euro could continue to pressure oil and other commodity prices.

Yelp Inc's stock surged more than 60 percent in its debut, reaching as high as $26 per share. The initial public offering was priced at $15 a share, above the expected price range, valuing the U.S. consumer review website at nearly $900 million.

Wynn Resorts Ltd shares rose 5.9 percent to $129.29 when the stock resumed trading, following a halt after the company disclosed in a regulatory filing a land concession has been published in the offical gazette of Macau. That was off the stock's intraday high of $131.12, reached before the trading halt.

U.S. food and drink maker Sara Lee Corp will pay a special $3 dividend after it completes the spin-off of its coffee and tea business, expected by the end of June. Sara Lee's shares shot up 5.8 percent to $21.58.

Shares of Shutterfly Inc jumped 18.9 percent to $31.99 after bankrupt Eastman Kodak agreed to sell its online photo services business to Shutterfly for $23.8 million.

Reuters contributed to this report.

Source: http://bottomline.msnbc.msn.com/_news/2012/03/02/10562371-wall-street-slips-as-oil-closely-watched

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PreneurCast Podcast Reveals Branding Is a By-Product - Online News

March 1st, 2012

Technology, by Business: Web sites / Internet.

In PreneurCast?s Episode 42, Pete Williams reveals branding should be a by-product of the content or service an entrepreneur provides.

(PRWeb February 29, 2012)

Read the full story at http://www.prweb.com/releases/2012/3/prweb9233930.htm

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Los Angeles Web Design Company, websonalized.com, Announces the? Dyke Publishing Offers Database Education Program for Eldercare?

Source: http://news.onlinewriters.org/2012/03/01/preneurcast-podcast-reveals-branding-is-a-by-product/

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Oil report may give Obama wiggle room on Iran sanctions (Reuters)

[unable to retrieve full-text content]Reuters - A U.S. government report on the global oil markets due on Wednesday could help determine how tough the Obama administration will be enforcing sanctions against Iran and provide information it needs to combat rising oil prices.

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/nm/20120228/pl_nm/us_usa_eia_iran

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