S.Africa’s Mandela had gall stones removed, recovering: govt






Read More..

Boeing delivers first new jet to Iraq in decades






BAGHDAD (AP) — The first new Boeing Co. jetliner sold to Iraq in 30 years touched down in Baghdad on Saturday, signaling the country’s determination to rebuild its economy after decades of war and sanctions.


Iraq is eager to improve its creaky aviation industry, which lags far behind that of its energy-rich neighbors. Boeing‘s delivery of the twin-aisle 777-200LR plane comes less than two weeks after the company’s chief rival Airbus announced the delivery of one of its own wide-body planes to Iraq.






“The arrival of this plane represents a big chance for Iraqi Airways to turn around,” Iraqi Transportation Minister Hadi al-Amiri said.


More planes are coming. Iraq has ordered another 30 of Boeing’s smaller 737-800 model and 10 of its new 787. The first of the 737s will be delivered in the middle of next year, according to the Chicago-based plane maker.


Airbus in early December said it had delivered its first A330-200 to Iraq. Iraqi Airways, which plans to use that plane on European and other international routes, already operates two Airbus A321s.


Boeing last sold Iraq a commercial plane — a version of the 747 jumbo jet — in 1982, said Donald Galvanin, the company’s sales director for the Middle East. He said this weekend’s delivery is an important step toward improving Iraq’s economy.


“To bring in business, you need a connection with outside … and a viable airline,” he said.


Iraq was able to get the 777 delivered now because another customer was unable to take it, Galvanin said. He said he expects Baghdad may be interested in buying more of the long-range jets down the road because “they realize they would need a few more.”


The U.S. Embassy said it worked closely with Boeing and Baghdad to complete the 777 sale. Financial terms were not disclosed.


Iraqi Airways’ efforts to turn itself around have been hobbled by ageing equipment, a lack of adequately trained staff and a long-running dispute with Kuwait stemming from Saddam Hussein’s invasion in 1990.


The disagreement centered on Kuwait’s accusations that Saddam’s regime stole 10 airplanes and millions of dollars’ worth of equipment and spare parts during the invasion. Kuwait earlier wanted to $ 1.2 billion in reparations, which Iraq’s postwar leaders had resisted paying.


Iraq and Kuwait earlier this year reached a $ 500 million deal to settle the airline feud, paving the way for Iraqi Airways to resume normal operations. The dispute had scuttled at least one planned Iraqi Airways route, between Baghdad and London, after Kuwait attempted to confiscate the Iraqi plane in the British capital.


As Iraqi Airways has struggled, foreign airlines have increasingly begun flying to the country, eating into the national carrier’s share of the market.


They include airlines from neighboring countries, including Turkish Airlines and Royal Jordanian, and well-funded Gulf airlines such as Emirates and Etihad Airways. Austrian Airlines last year became the first major western carrier to resume regular flights to Baghdad since the 2003 U.S.-led invasion.


Foreign airlines are increasingly offering flights to other Iraqi cities as well, particularly Irbil in the self-ruled Kurdish region. The Kurds’ northern enclave is much safer than the capital and is a popular destination for foreign investors looking to break into the Iraqi market.


No U.S. commercial airlines fly regularly to Iraq. The U.S. Federal Aviation Administration last week lifted a 16-year-old a ban on American carriers flying to Irbil and Sulaimaniyah, also in the Kurdish area. The agency said flights to other Iraqi airports may be allowed in the future.


___


Associated Press writer Sameer N. Yacoub contributed reporting.


___


Follow Adam Schreck on Twitter at http://twitter.com/adamschreck


Economy News Headlines – Yahoo! News


Read More..

Top Canada court upholds anti-terrorism law in unanimous ruling






OTTAWA (Reuters) – Canada‘s Supreme Court on Friday upheld an anti-terrorism law enacted after the September 11, 2001, attacks on the United States, ruling unanimously that those who choose to engage in terrorism must “pay a very heavy price.”


The law’s constitutionality was challenged by Mohammad Momin Khawaja, convicted in Canada of terrorism for involvement with a British group that had plotted unsuccessfully to set off bombs in London.






It was also challenged by two men accused of terrorism by the United States for trying to buy missiles or weapons technology for the Sri Lankan Tamil Tigers.


The court rejected arguments that the law’s definition of terrorism was overly broad. It upheld Khawaja’s life sentence and confirmed the orders to extradite the other two to the United States.


Khawaja, a Canadian of Pakistani descent, was the first to be convicted under the law. He was sentenced in 2008 to 10-1/2 years in prison, and his sentence was then extended to life after appeal by the government.


The trial judge noted that Khawaja referred to Osama Bin Laden as “the most beloved person to me in the … whole world, after Allah.” He was found to have participated in a terrorism training camp in Pakistan and to have designed a device dubbed the “hi fi digimonster” for detonating bombs.


“The appellant was a willing participant in a terrorist group,” Supreme Court Chief Justice Beverley McLachlin wrote in the 7-0 decision, adding that he was “apparently remorseless.”


“He was committed to bringing death on all those opposed to his extremist ideology and took many steps to provide support to the group. The bomb detonators he attempted to build would have killed many civilians had his plans succeeded.”


The law applies to any act committed for a political, religious or ideological purpose with the intention of intimidating the public by causing death or serious bodily harm, or substantial property damage, or causing serious interference with an essential service.


The court also ruled that Canada can proceed to extradite two men the United States has accused of involvement with the Tamil Tigers, which waged a bloody war for independence in Sri Lanka and is considered a terrorist organization by Washington and Ottawa.


The Canadian government declined to comment on when they would be extradited.


Piratheepan Nadarajah was alleged to have tried to purchase surface-to-air missiles and AK-47 assault rifles for the Tamil Tigers from an undercover officer posing as a black-market arms dealer on Long Island, New York.


The other man, Suresh Sriskandarajah, was alleged to have helped Tamil Tigers get electronic equipment, submarine and warship design software and communications equipment.


They surrendered to the government ahead of the court decision, their lawyers said.


BEYOND ‘LEGITIMATE EXPRESSION’


The court disagreed that the federal law’s terrorism provisions had put a chilling effect on Canadians’ freedom of expression and was disproportionately broad.


“Only individuals who go well beyond the legitimate expression of a political, religious or ideological thought, belief or opinion, and instead engage in one of the serious forms of violence – or threaten one of the serious forms of violence – listed (in the law) need fear liability under the terrorism provisions of the Criminal Code,” McLachlin wrote.


She quoted with approval the appeals court decision in the Khawaja case that faulted the Ottawa trial judge’s sentence for failing to send a “clear and unmistakable message that terrorism is reprehensible and those who choose to engage in it will pay a very heavy price.”


The original sentence of 10-1/2 years does “not approach an adequate sentence for such acts,” she concluded.


Khawaja’s lawyer, Lawrence Greenspon, said it was a “terrible day” for his client and said too often people were investigated or prosecuted for their religious or political beliefs.


“It’s a … very unfortunate ruling for minorities in this country, and we’re extremely disappointed with the result,” he told reporters in the foyer of the Supreme Court.


Justice Minister Rob Nicholson said the decision was important as Canada was not immune to the threat of terrorism. “The court sent a strong message that terrorism will not be treated leniently in Canada,” he said.


The cases are Mohammad Momin Khawaja v. Her Majesty the Queen. (Ont) (34103); Suresh Sriskandarajah v. United States of America, Minister of Justice and Attorney General of Canada (34009), Piratheepan Nadarajah v. United States of America, Minister of Justice and Attorney General of Canada (34013).


(Additional reporting by Louise Egan; Editing by Jackie Frank and Xavier Briand)


Canada News Headlines – Yahoo! News


Read More..

Apple falls on lower shipment forecasts, muted China debut






(Reuters) – Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts.


Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the Jan-March quarter, saying that the technology company had started cutting orders to suppliers to balance excess inventory.






Shares of Apple suppliers Jabil Circuit Inc, Qualcomm Inc, Skyworks Solutions Inc, TriQuint Semiconductor Inc, Avago Technologies Ltd, and Cirrus Logic Inc also fell in early trading.


Apple shares have lost a quarter of their value since they hit a life high of $ 705.07 on September 21, as it faces increasing competition from phones using Google Inc’s Android operating system.


Misek cut his first-quarter iPhone sales estimate to 48 million from 52 million and gross margin expectations for the company by 2 percentage points to 40 percent.


UBS Investment Research cut its price target on Apple stock to $ 700 from $ 780 on lower expected iPhone and iPad shipments for the March quarter.


The brokerage said it was modeling more conservative growth for the world’s biggest technology company after making supply chain checks that revealed that fewer iPhones were being built.


“Some of our Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S,” UBS analyst Steven Milunovich wrote in a note to clients.


Apple launched the iPhone 5 in China on Friday, a move widely expected to bring the Cupertino-based company some respite from a recent slide in market share in China, but early reports indicated that demand may not be as great as expected.


“The iPhone 5 China launch has been surprisingly muted but (we) are unsure how much weather (snow) or the required pre-ordering (to prevent riots) are factors,” Misek said.


Apple shares fell as low as $ 508.50 in morning trading on the Nasdaq on Friday.


(Editing by Supriya Kurane)


Tech News Headlines – Yahoo! News


Read More..

APNewsBreak: Texas cancer probe draws NCI scrutiny






AUSTIN, Texas (AP) — The federal National Cancer Institute says it’s taking a fresh look at a troubled $ 3 billion cancer-fighting effort already being scrutinized by prosecutors and lawmakers in Texas.


The U.S. government’s cancer research agency confirmed Friday that upheaval within the Cancer Prevention and Research Institute of Texas caught its attention. NCI spokeswoman Aleea Farrakh Khan told The Associated Press that officials are “evaluating recent events” at CPRIT.






CPRIT is on an exclusive list of NCI-approved funding entities, which includes the American Cancer Society. The designation is a federal seal-of-approval that signals high peer review standards and conflict of interest policies.


Khan says NCI has made no decisions about CPRIT or contacted the agency directly.


Prosecutors are investigating CPRIT following an $ 11 million award to a private company that bypassed review.


Diseases/Conditions News Headlines – Yahoo! News


Read More..

Hope for Humans in the Race With Robots






The robots are coming. Resistance is futile. From car factories to microprocessor plants to fulfillment warehouses, a single robot can now handle tasks that once took hundreds of man-hours to complete. This relentless march of automation is causing economic upheaval. As time goes on, companies will become more productive and more efficient, but the amount of human labor required will decrease and the pay will be less. The sentient worker will be reduced to a relic of a simpler age.


This is what we’ve been told, anyway. To some economists, stubbornly high unemployment rates in the U.S. and Europe are at least partly attributable to the rise of machines. “There’s no question that in some high-profile industries, technology is displacing workers of all, or almost all, kinds,” wrote Paul Krugman in the New York Times on Dec. 9, adding that “many of the jobs being displaced are high-skill and high-wage.” Massachusetts Institute of Technology professor Erik Brynjolfsson, co-author of Race Against the Machine, says: “Robots are becoming more capable and skilled, and people with the same sets of skills are not as much in demand.” According to this view, robots aren’t change agents. They’re destroyers of worlds.






Yet the robot revolution doesn’t have to cause panic. While robots can claim some technological superiority over humans, even the most sophisticated machines have limitations. Automation will inevitably displace jobs, but it’s already bringing fresh economic opportunities as well. The last two decades have shown how technology can create industries even as it turns whole cities into has-beens. The ratio of jobs created to jobs eliminated by robots and where all the newfound wealth ultimately winds up are entirely dependent on how workers, businesses, and policymakers prepare for this new era.


History is punctuated with scares about automation, with industries rising and falling based on changing technologies. Toward the end of the 18th century, 90 percent of the U.S. population was involved in farming. Farmers now make up 2 percent of the domestic workforce because of innovations such as tractors and grain combines. Meanwhile, our modern economy includes people who make a living creating mobile apps, a profession that was inconceivable a generation ago.


More than any economy in the world, the U.S. has proven to be especially resilient in the face of massive technological change. Why should recent advances in robotics be any different?


One reason is the accelerating pace of change. “We have a growing mismatch between the speed of technological development and our ability to adapt to it,” says Brynjolfsson. Technological developments used to take time to work their way into society. The internal-combustion engine was developed in the latter half of the 19th century, but it displaced the horse as a means of transportation only some 50 years later. The World Wide Web, on the other hand, has upended industries in less than 20 years. Moore’s Law is faster than Otto’s cycle.


All that said, it’s too soon to write dirges for the humble human worker. In today’s workplace, there are still things that robots just can’t do. At Quiet Logistics, an order-fulfillment center for online retailers in Devens, Mass., 64 robots are used to move merchandise around the warehouse, but 330 humans are required to fold, package, and ship the products. Why not have robots do the whole thing? “People are really good at picking up things,” says Bruce Welty, Quiet Logistics’ chief executive officer. “It’s very difficult to get a robot to make the decisions required that a human makes to pick something out of a bin—particularly if there are many different things in that bin.”


Humans continue to have another advantage over robots: They remain a more flexible workforce. To handle this year’s holiday shopping season, Amazon.com (AMZN) hired 50,000 part-time workers. While seasonal, part-time labor is not something you can necessarily build an economy on, it’s worth noting that Amazon didn’t buy more robots, because you can’t hire a robot part-time (yet). What would additional robots do when demand receded? “Come January,” says Jim Tompkins, a supply-chain consultant, “all that automation’s going to be staring you in the face.”


This is the state of the robotic arts today: a point where humans and robots share labor, with robots handling the simple and repetitive and humans taking care of the complex and dynamic. Some robotics designers and engineers would like this to be a blueprint for the future, where increased automation does not necessarily displace human beings. Rodney Brooks, a former MIT robotics professor, is an optimist. To Brooks, who is also founder and chairman of robot maker Rethink Robotics, these machines are going to help workers, not compete with them. He points out that personal computers didn’t get rid of office workers, they changed the jobs people did. When it comes to robots, “it’s not a one-for-one replacement,” he says. “People are so much better at certain things.”


But robots are still in their relative infancy. As faster processors and improved sensors enhance robots’ capabilities, it’s highly possible that the peaceful coexistence between man and machine may evolve into something more competitive. “In manufacturing, there’s already a ton of innovation going on,” says Brynjolfsson. Economists like him fear that as robots get smarter, the gross domestic product will expand at a healthy clip, but that positive data would mask reduced employment and lower wages. “Can GDP continue to grow? Of course it can,” says MIT economist Frank Levy. “The question is: Can everyone benefit?”


Extrapolate this further, and the role robots play in our economy and our lives begins to provoke fundamental questions about the nature of work. We have organized our economic system around the idea that income is derived from labor. But what happens when labor is not just transferred from one group of people to another (outsourcing) but to machines?


History has never shown that a life of idle hedonism brings out the best in human beings. We excel when we are creative and productive. To ensure that continues to be the case, we can’t ignore or prevent the growth of automation, but we can bring our considerable talents to bear on determining what the future of work will look like. For the U.S., that will require innovation and entrepreneurship, but also policies that foster those things—such as an immigration policy that attracts and retains high-skilled newcomers who can help build job-creating industries, and a corporate tax rate that encourages investment in domestic opportunities and not offshore tax-haven chicanery. Critically, more of the wealth created by productivity gains needs to be channeled into a stronger system of education and training.


If the robot threat proves overblown and automation is not as transformative as is predicted or feared, then none of those efforts will have been in vain—they are answers not just to the threat of robots, but also to many other issues that challenge U.S. economic potential. “Our economy has a lot of problems,” says Northwestern University economist Robert Gordon. “If you’re looking for new problems, it’s not robots.” It makes more sense to adapt to robots’ taking our old jobs than to fight against it. Who knows? Once we figure out how to work with robots, we might even learn to love them.


Businessweek.com — Top News


Read More..

UPDATE 3-Cricket-Hughes shines as Australia reach 299-4






* Hughes falls just short of century


* Clarke and Hussey combine for 101






* Welegedera takes 3-99 (Adds quotes)


HOBART, Dec 14 (Reuters) – Phil Hughes made a solid 86 on his return to test cricket before Michael Clarke and Mike Hussey took up the running and steered Australia to 299 for four at close of play on the first day of the first test against Sri Lanka on Friday.


Hughes was the only batsmen to fall in the final session, lasting only a couple of overs after lunch before being bowled through the gate by Chanaka Welegedera, giving the Sri Lankan seamer his third wicket of the day.


Clarke, who had made 70 not out, and Hussey, unbeaten on 37, batted through the remainder of the day and if the evidence of their prolific partnerships in the recent series against South Africa is anything to go by, will take some shifting.


“Overall, 299 for four puts the ball in our court,” said Hughes. “I thought we were outstanding today. It really gives us momentum going into tomorrow.”


Sri Lanka’s bowlers, dubbed this week as the worst pace attack ever to tour Australia by former test bowler Rodney Hogg, made life uncomfortable for the batsmen at times but struggled for any real penetration under cloudy skies at Bellerive Oval.


“I think we showed we can put Australia under pressure and hopefully the bowlers will be fresh in the morning and we can get them out for less than 100 additional runs,” said Welegedera, who finished with 3-99 on his return after nine months out injured.


Clarke, who passed 1,400 runs for the year, has now put on 731 runs in partnerships with Hussey in the last four tests and will be looking to plunder a few more on Saturday despite taking a couple of painful knocks to his legs.


Friday, however, belonged to Hughes.


The lefthander was recalled to the side on the back of good domestic form following the retirement of Ricky Ponting at the end of the series against the Proteas.


The 24-year-old reached his fourth test half century with a square drive for three runs and then initially accelerated towards a century, most notably with an ugly but effective slog for six off spinner Rangana Herath.


CALAMITOUS RUNOUT


On the ground where his second spell as a test batsman ended amid questions about his technique after two failures against New Zealand last year, Hughes scored eight fours and one six in his 166-ball knock before Welegedera struck with a superb ball.


“It was nice to get a few,” he said. “It would have been nice to get a few more and get into three figures.”


Australia had lost openers Ed Cowan (four) and David Warner in the opening session, the latter run out for 57 on the stroke of lunch after a calamitous misunderstanding with Hughes.


Shane Watson, dropping down to fourth in the batting order to allow Hughes to come in at number three, followed them to the pavilion for 30 shortly before tea, the victim of an exceptional diving catch in the slips by skipper Mahela Jayawardene.


That was a second wicket for Welegedera and a measure of redemption for the bowler after he had Hughes caught behind for 77 only for the umpire to call a no ball.


Welegedera had also made the early breakthrough for the tourists when Cowan tried to pull a short delivery only for the ball to catch him high on the bat and carry to mid-on where Shaminda Eranga took a simple catch.


It could have been even better for the Sri Lankans, who were only centimetres away from the perfect start to the morning after Clarke had won the toss and elected to bat.


Cowan edged the second delivery of the day from Nuwan Kulasekara to the slips but Angelo Mathews was just unable to get his hands to it, despite an athletic dive. (Editing by Peter Rutherford)


Australia / Antarctica News Headlines – Yahoo! News


Read More..

Review: PlayStation icons join in ‘Battle Royale’






The holiday season is a good time to catch up with old friends. If you’re an Xbox fan, you’re probably getting reacquainted with galactic warrior Master Chief in his new adventure, “Halo 4.” If you’re a Nintendophile, you’re probably frolicking with Mario on your new Wii U.


Sony, meanwhile, has expanded its holiday guest list to invite nearly two decades worth of characters to mix it up in “PlayStation All-Stars Battle Royale” (for the PlayStation 3, $ 59.99; Vita, $ 39.99). Fans of the original PlayStation can welcome back old pals like Sir Daniel Fortesque of “MediEvil” and the title character of “Parappa the Rapper.” Younger gamers who have only known the PS3 will be happy to see Nathan Drake from “Uncharted” and Cole MacGrath from “Infamous.” Turn them loose in an assortment of game-inspired arenas and you’ve got chaos.






It’s not an original idea: Nintendo has been pitting its lovable characters against each other since 1999′s “Super Smash Bros.” As you’d expect, “All-Stars” lets up to four players choose their favorite personalities and pound on each other until one is left standing.


The technique is a change from most fighting games. Most of the time, kicking or punching your opponent doesn’t do much damage. Instead, each blow adds to an attack meter; build up enough energy and you can unleash three levels of truly deadly moves. There’s a little more strategy, but most players won’t find it too complicated.


The solo campaign is awfully skimpy, but “All-Stars” makes for a lively party when you have a few friends over. Two-and-a-half stars out of four.


— Sony’s burlap-clad goofball Sackboy is part of the “All-Stars” lineup, but he takes center stage in “LittleBigPlanet Karting” ($ 59.99).


Yes, it’s a go-kart racer — a genre that has already made room for Mario, Donkey Kong and Sonic the Hedgehog — but Sony freshens it up by giving you the ability to build your own racetracks and share them online. By exploring the game’s built-in courses, you can find hundreds of elements to add to your own, and they all share the homespun “arts-and-crafts” aesthetic of the original “LittleBigPlanet.”


Unfortunately, “LBP Karting” also revives the weird, floaty physics of its parent. That worked fine in the two-dimensional fantasy world of “LBP,” but it’s annoying when you’re behind the wheel. The tracks are filled with the power-ups, obstacles and gravity-defying leaps you’d expect in a kart racer, but the vehicles themselves feel sluggish and unresponsive. Two stars.


—Insomniac Games’ popular “lombax”-robot buddies are celebrating their 10th anniversary, both in “All-Stars” and their own “Ratchet & Clank: Full Frontal Assault” ($ 19.99). The latter game, however, is a big disappointment, stripping away most of what made the team so endearing.


It’s a “base defense” game, meaning you’re plopped down on a planet and then have to protect your turf from waves of invading enemies. That eliminates the exploration and discovery that made most of the “R&C” games so absorbing, replacing it with a tiresome cycle of building fortifications, having them destroyed, then rebuilding them. Instead of the comedy that was once this series’ trademark, you get drudgery. One star.


___


Follow Lou Kesten on Twitter at http://twitter.com/lkesten


Gaming News Headlines – Yahoo! News


Read More..

Fewer cancer patients pick CPR after video demo






NEW YORK (Reuters Health) – Dying cancer patients are less likely to want aggressive end-of-life care if they watch a short video about CPR than if they simply hear about it, according to a new study.


“These are huge differences. You will die very differently if you watch the video than if you don’t,” said Dr. Angelo Volandes, the study’s lead author from Boston’s Massachusetts General Hospital.






“All these patients had a terminal condition. It’s not like there was another treatment they were trying…So (CPR) was prolonging the dying process,” he said.


The researchers found in a group of 150 cancer patients, who were thought to have less than a year to live, 48 percent wanted CPR after being told about it, compared to 20 percent in the group who also watched a video showing compressions on a dummy and the inserting of a breathing tube.


“It’s one of the most important issues in American medicine today. People are getting medical interventions that, if they had more knowledge, they would simply not want,” said Volandes.


The new study builds off previous research with similar findings by the same group. The earlier research, however, was only conducted with brain cancer patients at one medical center.


For the new study, published in the Journal of Clinical Oncology, the researchers included a wider variety of cancer patients at four medical centers in Massachusetts, New York and Tennessee.


All of the patients who agreed to participate in the study were read a standardized description of CPR — described as pressing on their chest and using an electric shock to “get your heart to beat again if it stops.”


The description also said CPR does not revive most patients with advanced cancer, and the patient would likely be put in the ICU with a breathing machine if it worked.


The researchers then randomly selected 70 of the patients to watch a three-minute video demonstration.


In the group that was only told about CPR, about half of the 80 patients said they wouldn’t want doctors or nurses to revive them. That compared to 79 percent of the patients who also watched the video.


Nine out of every ten patients who watched the video also said it was “helpful.”


PART OF A BIGGER CONVERSATION


Volandes told Reuters Health that the video may reinforce the information patients usually get from their doctors.


“People aren’t clinicians. They don’t have clinic experience to understand what this looks like,” he said.


Dr. Susan Gaeta, an assistant professor at The University of Texas MD Anderson Cancer Center in Houston, told Reuters Health she likes the idea of using the videos, but said they need to be part of a bigger conversation.


“What we’re trying to do is to have conversation with patients on what their goals and values are,” said Gaeta.


She added that the question should not be, “Do you want this?” It should be, “Is this medically appropriate based on your goals and values?”


Volandes said their collection of 25 videos on various topics, including CPR and breathing tubes, are used by over 30 healthcare systems across the country.


Gaeta added that her hospital is developing their own videos that incorporate their focus of goals and values.


SOURCE: http://bit.ly/TP4qV1 Journal of Clinical Oncology, online December 10, 2012.


Diseases/Conditions News Headlines – Yahoo! News


Read More..

Boehner: White House willing to “slow-walk” up to “fiscal cliff”






WASHINGTON (Reuters) – Speaker of the U.S. House of Representatives John Boehner on Thursday again rejected President Barack Obama‘s demand for increased power to raise the U.S. debt and charged that the White House seems willing to “slow-walk our economy right up to the ‘fiscal cliff.’”


The White House and Congress face a year-end deadline to avert the so-called fiscal cliff of automatic tax hikes and budget cuts that experts fear could plunge the nation into another recession.






“The president wants to pretend spending isn’t the problem. That’s why we don’t have an agreement” to reduce the U.S. debt, Boehner, the top Republican, told a news conference.


In underscoring the stalemate in negotiations, Boehner reiterated his opposition to giving Obama the power to raise the U.S. debt limit without congressional approval.


“Congress is never going to give up our ability to control the purse,” Boehner said. “And the fact is, is that the debt limit ought to be used to bring fiscal sanity to Washington.”


Boehner seemed to brush off speculation fanned by Democrats that his concern about keeping his job was undermining efforts to cut a bipartisan deal.


“I’m not concerned about my job as speaker. I’m concerned about our kids and our grand kids,” Boehner said.


Obama is expected to discuss the “fiscal cliff” later in the day, likely cranking up pressure on Republicans to accept increased tax rates on the wealthy as part of any deal.


Boehner said it’s up to the White House to offer a balanced package.


“Republicans want to solve the problem and get this spending line down. The president wants to pretend spending isn’t the problem. That’s why we don’t have an agreement,” Boehner said.


“Unfortunately, the White House is so unserious about cutting spending that it appears willing to slow-walk our economy right up to the ‘fiscal cliff,’” Boehner added.


(Reporting by Thomas Ferraro, David Lawder, Patricia Zengerle, Richard Cowan and Rachelle Younglai; Editing by Paul Simao)


Economy News Headlines – Yahoo! News


Read More..