"There are around 60 dead, and about 200 injured, this is a provisional estimate," a rescue official told Reuters, asking not to be named. He said the incident happened near a stadium where a crowd had gathered to watch fireworks.
news, article, poems, novels etc and copy paste etc.,, blog address : atozkerala.blogspot.com
2013, ജനുവരി 2, ബുധനാഴ്ച
60 crushed to death in Ivory Coast stadium stampede
"There are around 60 dead, and about 200 injured, this is a provisional estimate," a rescue official told Reuters, asking not to be named. He said the incident happened near a stadium where a crowd had gathered to watch fireworks.
60 crushed to death in Ivory Coast stadium stampede
"There are around 60 dead, and about 200 injured, this is a provisional estimate," a rescue official told Reuters, asking not to be named. He said the incident happened near a stadium where a crowd had gathered to watch fireworks.
Doctors expect Hillary Clinton's full recovery from clot
|
Doctors expect Hillary Clinton's full recovery from clot
|
Woman falls on subway tracks in New York, dies
NEW YORK: New York City police say a young woman stumbling around on a Manhattan subway platform not far from Times Square fell onto the tracks and was killed by a train.
The accident happened at about 5 am on New Year's Day at a station just one stop from where revelers gather in Times Square to celebrate at midnight.
Police say the victim was in her 20s. Her name wasn't released.
Subway deaths are common in the city. Last year, according to a report in the Daily News, there was about a fatality a week. But track deaths have been getting extra scrutiny in recent weeks after two men were pushed to their deaths in December.
Woman falls on subway tracks in New York, dies
NEW YORK: New York City police say a young woman stumbling around on a Manhattan subway platform not far from Times Square fell onto the tracks and was killed by a train.
The accident happened at about 5 am on New Year's Day at a station just one stop from where revelers gather in Times Square to celebrate at midnight.
Police say the victim was in her 20s. Her name wasn't released.
Subway deaths are common in the city. Last year, according to a report in the Daily News, there was about a fatality a week. But track deaths have been getting extra scrutiny in recent weeks after two men were pushed to their deaths in December.
US 'fiscal cliff' crisis averted as House approves deal
| ||||
US 'fiscal cliff' crisis averted as House approves deal
|
||||
Kochi Metro will be implemented, says Antony
Kochi Metro will be implemented, says Antony
No political aim in visiting Madhani, says ET
BANGALORE: There is no political aim in meeting PDP leader Abdul Nasser Madhani, jailed in Karnataka in connection with the Bangalore blast case, said Muslim League leader E T Muhammed Basheer.
No political aim in visiting Madhani, says ET
BANGALORE: There is no political aim in meeting PDP leader Abdul Nasser
Madhani, jailed in Karnataka in connection with the Bangalore blast case, said
Muslim League leader E T Muhammed Basheer.
Regional Manager, family commit suicide
KOLLAM: Four members of a family including the regional manager of Beverages Corporation, Thiruvalla, were found dead at their residence in Thevally. They have been identified as Jayakumar (50), his wife Prasanna (43) and daughters Sudhi and Swathy aged 23 and 21. The family’s relative who reached home as per the instruction of Jayakumar found them lying dead.
Regional Manager, family commit suicide
KOLLAM: Four members of a family including
the regional manager of Beverages Corporation, Thiruvalla, were found dead at
their residence in Thevally. They have been identified as Jayakumar (50), his
wife Prasanna (43) and daughters Sudhi and Swathy aged 23 and 21. The family’s
relative who reached home as per the instruction of Jayakumar found them lying
dead.
Four of family found dead in Kollam
KOLLAM: Four of a family was found death at Thevally in the district. They have been identified as Jayakumar (50), his wife Prasanna (44), and daughters Shruthi and Swathy aged 20 and 18 respectively
Four of family found dead in Kollam
KOLLAM: Four of a family was found death at
Thevally in the district. They have been identified as Jayakumar (50), his wife
Prasanna (44), and daughters Shruthi and Swathy aged 20 and 18 respectively
Naming anti-rape law after girl will be an honour, says family
BALLIA, UP: A day after Union Minister Shashi Tharoor favoured naming the revised anti-rape law after the Delhi gang-rape victim, her family members on Wednesday said they have no objection to it and the move would be an honour to the girl.
The family members of the 23-year-old girl said that "if her name is made public for this purpose, they have no objection to it".
Talking to the father and brother of the girl said that "if the government names the revised anti-rape law after her, they have no objection and it would be an honour to her".
Tharoor had yesterday favoured making public the identity of the gang-rape victim wondering what interest was served by keeping her name under wraps.
Tharoor, the minister of state for human resources development, had also said the revised anti-rape legislation should be named after the victim if her parents do not have any objection.
"Wondering what interest is served by continuing anonymity of #DelhGangRape victim. Why not name&honour her as a real person w/own identity?" he asked on micro-blogging site Twitter.
"Unless her parents object, she should be honoured&the revised anti-rape law named after her. She was a human being w/a name, not just a symbol," Tharoor, who is known for speaking his mind, said.
On reports of Telugu filmmaker Ramana Gaddam planning to make changes in his upcoming film to highlight the brutal gang rape, the girl's brother said before doing so he should meet them and give information about the storyline.
He said the director would have to clarify what he wants to portray in the movie.
Asked about the financial assistance of Rs 20 lakh announced by the Uttar Pradesh government and assistance of Rs 15 lakh and job announced by Delhi government, the brother said though announcements have been made, they are yet to receive the assistance.
However, the girl's father said he was satisfied with the announcements made by the government.
The family members termed as misleading reports in the media that the girl was about to get married.
On a question regarding police charge sheet in the case, the brother said they do not want to comment on the issue and only want justice.
The family members of the 23-year-old girl said that "if her name is made public for this purpose, they have no objection to it".
Talking to the father and brother of the girl said that "if the government names the revised anti-rape law after her, they have no objection and it would be an honour to her".
Tharoor had yesterday favoured making public the identity of the gang-rape victim wondering what interest was served by keeping her name under wraps.
Tharoor, the minister of state for human resources development, had also said the revised anti-rape legislation should be named after the victim if her parents do not have any objection.
"Wondering what interest is served by continuing anonymity of #DelhGangRape victim. Why not name&honour her as a real person w/own identity?" he asked on micro-blogging site Twitter.
"Unless her parents object, she should be honoured&the revised anti-rape law named after her. She was a human being w/a name, not just a symbol," Tharoor, who is known for speaking his mind, said.
On reports of Telugu filmmaker Ramana Gaddam planning to make changes in his upcoming film to highlight the brutal gang rape, the girl's brother said before doing so he should meet them and give information about the storyline.
He said the director would have to clarify what he wants to portray in the movie.
Asked about the financial assistance of Rs 20 lakh announced by the Uttar Pradesh government and assistance of Rs 15 lakh and job announced by Delhi government, the brother said though announcements have been made, they are yet to receive the assistance.
However, the girl's father said he was satisfied with the announcements made by the government.
The family members termed as misleading reports in the media that the girl was about to get married.
On a question regarding police charge sheet in the case, the brother said they do not want to comment on the issue and only want justice.
Naming anti-rape law after girl will be an honour, says family
BALLIA, UP: A day after
Union Minister Shashi Tharoor favoured naming the revised anti-rape law after
the Delhi gang-rape victim, her family members on Wednesday said they have no
objection to it and the move would be an honour to the girl.
The family members of the 23-year-old girl said that "if her name is made public for this purpose, they have no objection to it".
Talking to the father and brother of the girl said that "if the government names the revised anti-rape law after her, they have no objection and it would be an honour to her".
Tharoor had yesterday favoured making public the identity of the gang-rape victim wondering what interest was served by keeping her name under wraps.
Tharoor, the minister of state for human resources development, had also said the revised anti-rape legislation should be named after the victim if her parents do not have any objection.
"Wondering what interest is served by continuing anonymity of #DelhGangRape victim. Why not name&honour her as a real person w/own identity?" he asked on micro-blogging site Twitter.
"Unless her parents object, she should be honoured&the revised anti-rape law named after her. She was a human being w/a name, not just a symbol," Tharoor, who is known for speaking his mind, said.
On reports of Telugu filmmaker Ramana Gaddam planning to make changes in his upcoming film to highlight the brutal gang rape, the girl's brother said before doing so he should meet them and give information about the storyline.
He said the director would have to clarify what he wants to portray in the movie.
Asked about the financial assistance of Rs 20 lakh announced by the Uttar Pradesh government and assistance of Rs 15 lakh and job announced by Delhi government, the brother said though announcements have been made, they are yet to receive the assistance.
However, the girl's father said he was satisfied with the announcements made by the government.
The family members termed as misleading reports in the media that the girl was about to get married.
On a question regarding police charge sheet in the case, the brother said they do not want to comment on the issue and only want justice.
The family members of the 23-year-old girl said that "if her name is made public for this purpose, they have no objection to it".
Talking to the father and brother of the girl said that "if the government names the revised anti-rape law after her, they have no objection and it would be an honour to her".
Tharoor had yesterday favoured making public the identity of the gang-rape victim wondering what interest was served by keeping her name under wraps.
Tharoor, the minister of state for human resources development, had also said the revised anti-rape legislation should be named after the victim if her parents do not have any objection.
"Wondering what interest is served by continuing anonymity of #DelhGangRape victim. Why not name&honour her as a real person w/own identity?" he asked on micro-blogging site Twitter.
"Unless her parents object, she should be honoured&the revised anti-rape law named after her. She was a human being w/a name, not just a symbol," Tharoor, who is known for speaking his mind, said.
On reports of Telugu filmmaker Ramana Gaddam planning to make changes in his upcoming film to highlight the brutal gang rape, the girl's brother said before doing so he should meet them and give information about the storyline.
He said the director would have to clarify what he wants to portray in the movie.
Asked about the financial assistance of Rs 20 lakh announced by the Uttar Pradesh government and assistance of Rs 15 lakh and job announced by Delhi government, the brother said though announcements have been made, they are yet to receive the assistance.
However, the girl's father said he was satisfied with the announcements made by the government.
The family members termed as misleading reports in the media that the girl was about to get married.
On a question regarding police charge sheet in the case, the brother said they do not want to comment on the issue and only want justice.
2013, ജനുവരി 1, ചൊവ്വാഴ്ച
Sensex surges 132 points
|
Sensex surges 132 points
|
Marines will be back, says Italian government
NEW DELHI: Italy on Monday assured India that the two marines, facing murder charges in Kerala, will be back in the country within the first week of January as per the court order.
"You can be assured that they will be back. The Republic of Italy has given its word in writing and we will honour that," a senior Italian government official told PTI here amid reports of uncertainty over their return.
Recently media reports had said the marines would not be back as they are likely to contest elections there.
Massimiliano Latorre and Salvatore Girone were allowed by the Kerala High Court this month to visit their family in Italy for Christmas.
"This (allowing them to visit Italy) is a testimony of the Indian sensitivity towards the value of the Christmas festivities considered of the utmost importance by all Italians," Italian Foreign Minister Giulio Terzi said in Italy.
The two marines were arrested from Italian vessel 'Enrica Lexie' on February 19 for shooting down two Indian fishermen off Alapuzha coast on February 15.
The Kerala High Court permitted them to go home for two weeks while asking them to give a bank guarantee of Rs6 crore and imposing stringent conditions.
Italy has approached the Supreme Court for jurisdiction to try the marines at home, arguing the February firing took place in international waters.
Italian government sources said the issue of marines is "highly sensitive and sentimental" and they were looking forward to early settlement of case.
They said the Supreme Court here is likely to pronounce the judgement in the case in January.
"You can be assured that they will be back. The Republic of Italy has given its word in writing and we will honour that," a senior Italian government official told PTI here amid reports of uncertainty over their return.
Recently media reports had said the marines would not be back as they are likely to contest elections there.
Massimiliano Latorre and Salvatore Girone were allowed by the Kerala High Court this month to visit their family in Italy for Christmas.
"This (allowing them to visit Italy) is a testimony of the Indian sensitivity towards the value of the Christmas festivities considered of the utmost importance by all Italians," Italian Foreign Minister Giulio Terzi said in Italy.
The two marines were arrested from Italian vessel 'Enrica Lexie' on February 19 for shooting down two Indian fishermen off Alapuzha coast on February 15.
The Kerala High Court permitted them to go home for two weeks while asking them to give a bank guarantee of Rs6 crore and imposing stringent conditions.
Italy has approached the Supreme Court for jurisdiction to try the marines at home, arguing the February firing took place in international waters.
Italian government sources said the issue of marines is "highly sensitive and sentimental" and they were looking forward to early settlement of case.
They said the Supreme Court here is likely to pronounce the judgement in the case in January.
Marines will be back, says Italian government
NEW DELHI: Italy on Monday assured India that the two marines,
facing murder charges in Kerala, will be back in the country within the first
week of January as per the court order.
"You can be assured that they will be back. The Republic of Italy has given its word in writing and we will honour that," a senior Italian government official told PTI here amid reports of uncertainty over their return.
Recently media reports had said the marines would not be back as they are likely to contest elections there.
Massimiliano Latorre and Salvatore Girone were allowed by the Kerala High Court this month to visit their family in Italy for Christmas.
"This (allowing them to visit Italy) is a testimony of the Indian sensitivity towards the value of the Christmas festivities considered of the utmost importance by all Italians," Italian Foreign Minister Giulio Terzi said in Italy.
The two marines were arrested from Italian vessel 'Enrica Lexie' on February 19 for shooting down two Indian fishermen off Alapuzha coast on February 15.
The Kerala High Court permitted them to go home for two weeks while asking them to give a bank guarantee of Rs6 crore and imposing stringent conditions.
Italy has approached the Supreme Court for jurisdiction to try the marines at home, arguing the February firing took place in international waters.
Italian government sources said the issue of marines is "highly sensitive and sentimental" and they were looking forward to early settlement of case.
They said the Supreme Court here is likely to pronounce the judgement in the case in January.
"You can be assured that they will be back. The Republic of Italy has given its word in writing and we will honour that," a senior Italian government official told PTI here amid reports of uncertainty over their return.
Recently media reports had said the marines would not be back as they are likely to contest elections there.
Massimiliano Latorre and Salvatore Girone were allowed by the Kerala High Court this month to visit their family in Italy for Christmas.
"This (allowing them to visit Italy) is a testimony of the Indian sensitivity towards the value of the Christmas festivities considered of the utmost importance by all Italians," Italian Foreign Minister Giulio Terzi said in Italy.
The two marines were arrested from Italian vessel 'Enrica Lexie' on February 19 for shooting down two Indian fishermen off Alapuzha coast on February 15.
The Kerala High Court permitted them to go home for two weeks while asking them to give a bank guarantee of Rs6 crore and imposing stringent conditions.
Italy has approached the Supreme Court for jurisdiction to try the marines at home, arguing the February firing took place in international waters.
Italian government sources said the issue of marines is "highly sensitive and sentimental" and they were looking forward to early settlement of case.
They said the Supreme Court here is likely to pronounce the judgement in the case in January.
U.S Senate approves fiscal cliff legislation
WASHINGTON: The Senate passed legislation early New Year’s Day to neutralise a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was 89-8.
Senate passage set the stage for a final showdown in the House of Representatives, where a vote was expected later on Tuesday or perhaps on Wednesday.
Without legislation, economists in and out of government had warned of a possible new recession and spike in unemployment if the fragile U.S. economy were allowed to fall over the so-called fiscal cliff of tax increases and spending cuts.
Even by the recent dysfunctional standards of government-by-gridlock, the activity at both ends of historic Pennsylvania Avenue was remarkable as the Obama administration and lawmakers spent the final hours of 2012 haggling over long-festering differences.
“It shouldn’t have taken this long to come to an agreement, and this shouldn’t be the model for how we do things around here,” said Senate Republican leader Mitch McConnell, who negotiated the agreement with Vice President Joe Biden, a former senator.
Under the deal, taxes would remain steady for the middle class and rise at incomes over $400,000 for individuals and $450,000 for couples levels higher than President Barack Obama had campaigned for in his successful drive for a second term in office.
Spending cuts totaling $24 billion over two months aimed at the Defence Department and domestic programs would be deferred. That would allow the White House and lawmakers’ time to regroup before plunging very quickly into a new round of budget brinkmanship certain to revolve around Republican calls to rein in the cost of the Medicare health care program for the elderly and other government benefit programs.
Officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers due to take effect this spring.
“One thing we can count on with respect to this Congress is that if there’s even one second left before you have to do what you’re supposed to do, they will use that last second,” the President said in a mid-afternoon status update on the talks.
As darkness fell on the last day of the year, Obama, Biden and their aides were at work in the White House, and lights burned in the House and Senate. Democrats complained that Mr. Obama had given away too much in agreeing to limit tax increases to incomes over $450,000, far above the $250,000 level he campaigned on. Yet some Republicans recoiled at the prospect of raising taxes at all.
Democratic senators overwhelmingly supported the measure after being briefed at a closed-door session at the Capitol with Biden.
“The argument is that this is the best that can be done on a bipartisan basis,” said Democratic Sen. Dianne Feinstein, when asked about the case the Vice President had made.
Passage sends the measure to the House, where Speaker John Boehner refrained from endorsing a package as yet unseen by his famously rebellious rank-and-file. He said the House would not vote on any Senate-passed measure “until House members and the American people have been able to review” it.
Numerous Republican officials said McConnell and his aides had kept the speaker’s office informed about the progress of the talks.
The House Democratic leader, Rep. Nancy Pelosi, issued a statement saying that once the legislation cleared the Senate, “I will present it to the House Democratic caucus.”
And while the nominal deadline for action passed at midnight, Obama’s signature on legislation by the time a new Congress takes office at noon on Jan. 3, 2013 the likely timetable would eliminate or minimize any inconvenience for taxpayers.
Tax rate cuts enacted in 2001 and 2003 during President George W. Bush’s administration were set to expire at the end of the year. The pending across-the-board reductions in government spending, which would slice money out of everything from social programs to the military, were put in place last year as an incentive to both parties to find ways to cut spending. That solution grew out of the two parties’ inability in 2011 to agree to a grand bargain that would have taken a big bite out of the deficit.
If Obama and Congress failed to act, about $536 billion in tax increases, touching nearly all American workers, and about $110 billion in spending cuts, about 8 per cent of the annual budgets for most federal departments, were scheduled to go into effect beginning in January.
A late dispute over the estate tax produced allegations of bad faith from all sides.
Earlier, McConnell had agreed with Obama that an overall deal was near. In remarks on the Senate floor, he suggested Congress move quickly to pass tax legislation and “continue to work on finding smarter ways to cut spending” next year.
The White House and Democrats initially declined the offer, preferring to prevent the cuts from kicking in at the Pentagon and domestic agencies alike. A two-month compromise resulted.
Officials in both parties said the agreement would prevent tax increases at incomes below $400,000 for individuals and $450,000 for couples.
At higher levels, the rate would rise to a maximum of 39.6 per cent from the current 35 per cent. Capital gains and dividends in excess of those amounts would be taxed at 20 per cent, up from 15 per cent.
The deal would also raise taxes on the portion of estates exceeding $5 million to 40 per cent. At the insistence of Republicans, the $5 million threshold would rise each year with inflation.
Much or all of the revenue to be raised through higher taxes on the wealthy would help hold down the amount paid to the Internal Revenue Service by the middle class.
In addition to preventing higher rates for most, the agreement would retain existing breaks for families with children, for low-earning taxpayers and for those with a child in college. Also, the two sides agreed to prevent the alternative minimum tax from expanding to affect an estimated 28 million households for the first time in 2013, with an average increase of more than $3,000. The law originally was designed to make sure millionaires did not escape taxes, but inflation has gradually exposed more and more households with lower earnings to its impact.
The legislation leaves untouched a scheduled 2 percentage point increase in the payroll tax, ending a temporary reduction enacted two years ago to help revive the economy.
Officials said the White House had succeeded in gaining a one-year extension of long-term unemployment benefits about to expire for an estimated two million jobless.
The legislation also prevents a 27 per cent cut in fees for doctors who treat Medicare patients.
Also included is a provision to prevent a threatened spike in milk prices after the first of the year.
Even as time was running out, partisan agendas were evident.
The White House and Congress had spent the seven weeks since the Nov. 6 elections struggling for a compromise to protect the economy.
Obama used his appearance at the White House not only to chastise Congress, but also to lay down a marker for the next round of negotiations early in 2013, when Republicans intend to seek spending cuts in exchange for letting the Treasury to borrow above the current debt limit of $16.4 trillion.
“Now, if Republicans think that I will finish the job of deficit reduction through spending cuts alone and you hear that sometimes coming from them ... then they’ve got another think coming. ... That’s not how it’s going to work at least as long as I’m President,” he said.
“And I’m going to be President for the next four years, I think,” he added.
Obama’s remarks irritated some Republicans.
Sen. John McCain of Arizona they would “clearly antagonize members of the House.”
U.S Senate approves fiscal cliff legislation
WASHINGTON: The Senate passed
legislation early New Year’s Day to neutralise a fiscal cliff combination of
across-the-board tax increases and spending cuts that kicked in at midnight.
The pre-dawn vote was 89-8.
Senate passage set the stage for
a final showdown in the House of Representatives, where a vote was expected
later on Tuesday or perhaps on Wednesday.
Without legislation, economists
in and out of government had warned of a possible new recession and spike in
unemployment if the fragile U.S. economy were allowed to fall over the
so-called fiscal cliff of tax increases and spending cuts.
Even by the recent dysfunctional
standards of government-by-gridlock, the activity at both ends of historic
Pennsylvania Avenue was remarkable as the Obama administration and lawmakers
spent the final hours of 2012 haggling over long-festering differences.
“It shouldn’t have taken this
long to come to an agreement, and this shouldn’t be the model for how we do
things around here,” said Senate Republican leader Mitch McConnell, who
negotiated the agreement with Vice President Joe Biden, a former senator.
Under the deal, taxes would
remain steady for the middle class and rise at incomes over $400,000 for
individuals and $450,000 for couples levels higher than President Barack Obama
had campaigned for in his successful drive for a second term in office.
Spending cuts totaling $24
billion over two months aimed at the Defence Department and domestic programs
would be deferred. That would allow the White House and lawmakers’ time to
regroup before plunging very quickly into a new round of budget brinkmanship
certain to revolve around Republican calls to rein in the cost of the Medicare
health care program for the elderly and other government benefit programs.
Officials also decided at the
last minute to use the measure to prevent a $900 pay raise for lawmakers due to
take effect this spring.
“One thing we can count on with
respect to this Congress is that if there’s even one second left before you
have to do what you’re supposed to do, they will use that last second,” the
President said in a mid-afternoon status update on the talks.
As darkness fell on the last day of
the year, Obama, Biden and their aides were at work in the White House, and
lights burned in the House and Senate. Democrats complained that Mr. Obama had
given away too much in agreeing to limit tax increases to incomes over
$450,000, far above the $250,000 level he campaigned on. Yet some Republicans
recoiled at the prospect of raising taxes at all.
Democratic senators
overwhelmingly supported the measure after being briefed at a closed-door
session at the Capitol with Biden.
“The argument is that this is the
best that can be done on a bipartisan basis,” said Democratic Sen. Dianne
Feinstein, when asked about the case the Vice President had made.
Passage sends the measure to the
House, where Speaker John Boehner refrained from endorsing a package as yet
unseen by his famously rebellious rank-and-file. He said the House would not
vote on any Senate-passed measure “until House members and the American people
have been able to review” it.
Numerous Republican officials
said McConnell and his aides had kept the speaker’s office informed about the
progress of the talks.
The House Democratic leader, Rep.
Nancy Pelosi, issued a statement saying that once the legislation cleared the
Senate, “I will present it to the House Democratic caucus.”
And while the nominal deadline
for action passed at midnight, Obama’s signature on legislation by the time a
new Congress takes office at noon on Jan. 3, 2013 the likely timetable would
eliminate or minimize any inconvenience for taxpayers.
Tax rate cuts enacted in 2001 and
2003 during President George W. Bush’s administration were set to expire at the
end of the year. The pending across-the-board reductions in government
spending, which would slice money out of everything from social programs to the
military, were put in place last year as an incentive to both parties to find
ways to cut spending. That solution grew out of the two parties’ inability in
2011 to agree to a grand bargain that would have taken a big bite out of the
deficit.
If Obama and Congress failed to
act, about $536 billion in tax increases, touching nearly all American workers,
and about $110 billion in spending cuts, about 8 per cent of the annual budgets
for most federal departments, were scheduled to go into effect beginning in
January.
A late dispute over the estate
tax produced allegations of bad faith from all sides.
Earlier, McConnell had agreed
with Obama that an overall deal was near. In remarks on the Senate floor, he
suggested Congress move quickly to pass tax legislation and “continue to work
on finding smarter ways to cut spending” next year.
The White House and Democrats
initially declined the offer, preferring to prevent the cuts from kicking in at
the Pentagon and domestic agencies alike. A two-month compromise resulted.
Officials in both parties said
the agreement would prevent tax increases at incomes below $400,000 for
individuals and $450,000 for couples.
At higher levels, the rate would
rise to a maximum of 39.6 per cent from the current 35 per cent. Capital gains
and dividends in excess of those amounts would be taxed at 20 per cent, up from
15 per cent.
The deal would also raise taxes
on the portion of estates exceeding $5 million to 40 per cent. At the
insistence of Republicans, the $5 million threshold would rise each year with
inflation.
Much or all of the revenue to be
raised through higher taxes on the wealthy would help hold down the amount paid
to the Internal Revenue Service by the middle class.
In addition to preventing higher
rates for most, the agreement would retain existing breaks for families with
children, for low-earning taxpayers and for those with a child in college.
Also, the two sides agreed to prevent the alternative minimum tax from
expanding to affect an estimated 28 million households for the first time in
2013, with an average increase of more than $3,000. The law originally was
designed to make sure millionaires did not escape taxes, but inflation has
gradually exposed more and more households with lower earnings to its impact.
The legislation leaves untouched
a scheduled 2 percentage point increase in the payroll tax, ending a temporary
reduction enacted two years ago to help revive the economy.
Officials said the White House
had succeeded in gaining a one-year extension of long-term unemployment
benefits about to expire for an estimated two million jobless.
The legislation also prevents a
27 per cent cut in fees for doctors who treat Medicare patients.
Also included is a provision to
prevent a threatened spike in milk prices after the first of the year.
Even as time was running out,
partisan agendas were evident.
The White House and Congress had
spent the seven weeks since the Nov. 6 elections struggling for a compromise to
protect the economy.
Obama used his appearance at the
White House not only to chastise Congress, but also to lay down a marker for
the next round of negotiations early in 2013, when Republicans intend to seek
spending cuts in exchange for letting the Treasury to borrow above the current
debt limit of $16.4 trillion.
“Now, if Republicans think that I
will finish the job of deficit reduction through spending cuts alone and you
hear that sometimes coming from them ... then they’ve got another think coming.
... That’s not how it’s going to work at least as long as I’m President,” he
said.
“And I’m going to be President
for the next four years, I think,” he added.
Obama’s remarks irritated some
Republicans.
Sen. John McCain of Arizona they
would “clearly antagonize members of the House.”
Surplus land should be distributed to landless, says Pinarayi
|
23-yr-old woman found dead at classmate's house
HYDERABAD: A 23-year-old student of Osmania University was found dead under mysterious circumstances at the house of her classmate in Chatrinaka area of Old City here, police said today. The young woman was suspected to have been strangled to death last night. Her body has been sent for postmortem, they said.
The body was found lying at the house of Shiv Kumar, who is a Ph.D student at the Osmania University, police said.
Chatrinaka Police said Shiv Kumar was absconding since the incident.
An autopsy was being conducted on the girl's body and only after the report more details will be clear about the incident, police added.
23-yr-old woman found dead at classmate's house
HYDERABAD: A 23-year-old student
of Osmania University was found dead under mysterious circumstances at the
house of her classmate in Chatrinaka area of Old City here, police said today.
The young woman was suspected to have been strangled to death last night. Her
body has been sent for postmortem, they said.
The body was found lying at the
house of Shiv Kumar, who is a Ph.D student at the Osmania University, police
said.
Chatrinaka Police said Shiv Kumar
was absconding since the incident.
An autopsy was being conducted on
the girl's body and only after the report more details will be clear about the
incident, police added.
Surplus land should be distributed to landless, says Pinarayi
|
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