Fiscal cliff: Impasse on tax rates is big hurdle

Graphic shows the federal budget deficit

Graphic shows the federal budget deficit

WASHINGTON (AP) ? House Republicans' hard line against higher tax rates for upper-income earners leaves re-elected President Barack Obama with a tough, core decision: Does he pick a fight and risk falling off a "fiscal cliff" or does he rush to compromise and risk alienating liberal Democrats?

Or is there another way that will allow both sides to claim victory?

Obama has been silent since his victory speech early Wednesday morning, but is set to weigh in Friday in remarks at the White House.

Capitol Hill Republicans, meanwhile, vow to stand resolutely against any effort by the president to fulfill a campaign promise to raise the top two income tax rates to Clinton-era levels. A battle would set the tone for the start of the president's second term.

"A 'balanced' approach isn't balanced if it means higher tax rates on the small businesses that are key to getting our economy moving again," House Speaker John Boehner, R-Ohio, said on Wednesday. "Raising tax rates is unacceptable," he declared Thursday on ABC. "Frankly, it couldn't even pass the House. I'm not sure it could pass the Senate."

A lot is at stake. A new Congressional Budget Office report on Thursday predicted that the economy would fall into recession if there is a protracted impasse in Washington and the government falls off the fiscal cliff for the entire year. Though most Capitol-watchers think that long deadlock is unlikely, the analysts say such a scenario would cause a spike in the jobless rate to 9.1 percent by next fall.

The analysis says that the cliff ? a combination of automatic tax increases and spending cuts ? would cut the deficit by $503 billion through next September, but that the fiscal austerity also would cause the economy to shrink by 0.5 percent next year and cost millions of jobs.

The new study estimates that the nation's gross domestic product would grow by 2.2 percent next year if all Bush-era tax rates were extended and would expand by almost 3 percent if Obama's 2 percentage point payroll tax cut and current jobless benefits for the long-term unemployed were extended as well.

All sides say they want a deal ? and that now that the election is over everyone can show more flexibility than in the heat of the campaign.

Obama will address the issue Friday though he's not expected to immediately offer specifics. His long-held position ? repeatedly rejected by Republicans ? is that tax rates on family income over $250,000 should jump back up to Clinton-era levels. Republicans say they're willing to consider new tax revenue but only through drafting a new tax code that lowers rates and eliminates some deductions and wasteful tax breaks. And they're insisting on cuts to Medicare, Medicaid and food stamps, known as entitlement programs in Washington-speak.

The White House's "opening position is, 'We're willing to do big entitlement cuts. In return we need you to go up on the rate,'" said Democratic lobbyist Steve Elmendorf. "Then they're going to get into a discussion. It'll be a process."

The current assumption is that any agreement would be a multi-step process that would begin this year with a down payment on the deficit and on action to stave off more than the tax increases and $109 billion in across-the-board cuts to the Pentagon budget and a variety of domestic programs next year.

The initial round is likely to set binding targets on revenue levels and spending cuts, but the details would probably be enacted next year.

"What we can do is avert the cliff in a manner that serves as a down payment on ? and a catalyst for ? major solutions, enacted in 2013, that begin to solve the problem," Boehner said.

While some of that heavy work would be left for next year, a raft of tough decisions would have to be made in the next six weeks. They could include the overall amount of deficit savings and achieving agreement on how much would come from revenue increases and how much would be cut from costly health care programs, the Pentagon and the day-to-day operating budgets of domestic Cabinet agencies.

Democrats are sure to press for a guarantee that tax reform doesn't end up hurting middle-income taxpayers at the expense of upper-bracket earners. Republicans want to press for corporate tax reform and a guarantee that the top rate paid by individuals and small businesses goes down along the way.

While some Democratic partisans want Obama to play tough on taxes and use his leverage to force Republicans to accept higher rates on the wealthy, Republicans warn that such hardball would poison the well even before Obama takes the oath of office and imperil prospects for second-term Obama initiatives including immigration reform.

Another idea is to raise revenue from the wealthy but not through higher income tax rates. Instead, policymakers could cap the amount of itemized deductions that the wealthy might be able to claim, an idea that's in Obama's budget and was a suggestion of Mitt Romney in the campaign.

"There is more than one way to bell the cat. So why are people so fixed on the 39.6 (percent rate)? It's because of the progressivity of the code," said Sen. Kent Conrad, D-N.D., on CNBC on Thursday. "You can accomplish that same progressivity with lower rates if you broaden the (tax) base in a way that's progressive."

Other items on the agenda for the lame duck session include a multi-year farm bill, legislation to reform the Postal Service, and a renewal of Medicare payment rates for doctors.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-11-08-Fiscal%20Cliff/id-9ae1896396bc47bf89d0ee3ad3b5cad6

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Self-imagination can enhance memory in healthy and memory-impaired individuals

Thursday, November 8, 2012

There's no question that our ability to remember informs our sense of self. Now research published in Clinical Psychological Science, a journal of the Association for Psychological Science, provides new evidence that the relationship may also work the other way around: Invoking our sense of self can influence what we are able to remember.

Research has shown that self-imagination ? imagining something from a personal perspective ? can be an effective strategy for helping us to recognize something we've seen before or retrieve specific information on cue. And these beneficial effects have been demonstrated for both healthy adults and for individuals who suffer memory impairments as a result of brain injury.

These findings suggest that self-imagination is a promising strategy for memory rehabilitation. But no study has investigated the effect of self-imagination on what is perhaps the most difficult, and most relevant, type of memory: free recall.

Psychological scientists Matthew Grilli and Elizabeth Glisky of the University of Arizona decided to put self-imagination to the test. They wanted to compare self-imagination to more traditional strategies that involve sense of self in order to gain a better understanding of the underlying mechanisms that might be at work.

The researchers recruited 15 patients with acquired brain injury who had impaired memory and 15 healthy participants with normal memory to take part in the study. Over the course of the study, the participants were asked to memorize five lists of 24 adjectives that described personality traits. As they were presented with each personality trait, the participants were instructed to employ one of five strategies: think of a word that rhymes with the trait (baseline), think of a definition for the trait (semantic elaboration), think about how the trait describes them (semantic self-referential processing), think of a time when they acted out the trait (episodic self-referential processing), or imagine acting out the trait (self-imagining).

For all participants, healthy and memory-impaired, self-imagination boosted free recall of the personality traits more than any of the other strategies did.

Comparing the more traditional self-referential strategies, Grilli and Glisky found that the participants with memory impairments were better able to remember a word if they were asked to think about how well it described them (semantic) than if they were asked to think about a time when they acted out the personality trait (episodic).

This result falls in line with previous findings that knowledge about specific events from the past is often impaired in patients with brain injury. It also lends support to the researchers' hypothesis that the benefit of self-imagination for memory-impaired patients might be related to their ability to retrieve knowledge regarding their own personality traits, identity roles, and lifetime periods.

The researchers believe that their findings could have important applications for memory rehabilitation.

"Based on the results of our laboratory research," Grilli said, "it might be possible to adapt self-imagination to help patients with memory problems remember information encountered in everyday life, such as what they read in a book or heard on the news."

Self-imagination could also help clinicians in teaching memory-impaired individuals how to use memory aides that can enhance their independence. For example, this approach could help improve their ability to remember to program and consistently use smartphones to manage everyday errands, such as taking medication, purchasing items at a grocery store, or attending social events. Self-imagination could also be used to help individuals suffering from brain injury learn complex skills in order to return to the workplace.

"An important future step will be to investigate how to most effectively apply self-imagination in a rehabilitation program to make a meaningful impact on the lives of people with memory impairment," Grilli said.

Grilli and Glisky conclude that the possible applications of their findings are quite broad since episodic memory deficits are linked with various conditions, including autism, depression, and normal aging.

###

Clinical Psychological Science is APS's newest journal. For a copy of the article "Imagining a Better Memory: Self-Imagination in Memory-Impaired Patients"

Association for Psychological Science: http://www.psychologicalscience.org

Thanks to Association for Psychological Science for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

This press release has been viewed 29 time(s).

Source: http://www.labspaces.net/125143/Self_imagination_can_enhance_memory_in_healthy_and_memory_impaired_individuals

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Galaxy S3 takes No. 1 position in smartphone market: research

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Cantor Gaming to offer sports solutions for Vertigo Enterprises at its ...

Land-Based | 6th November, 2012 | Las Vegas, NV | Cantor Gaming? ? Sports Books

Lee Amaitis, Cantor President & CEO, said, ?Our innovative technology solutions, including our mobile applications, are paving a new era for sports wagering. We are delighted to partner with Outpost Saloon and offer their patrons an exciting, entertaining and convenient way to enjoy sports wagering.?

Outpost Saloon patrons will be able to open a Cantor Gaming? sports wagering account as well as fund their account, withdraw funds and wager through their accounts on their Cantor Mobile Sports app and have the full suite of sports products offered within any Cantor Race & Sports Book?, including Better Odds Parlays?.

This allows Outpost Saloon patrons to wager anywhere within the state of Nevada by using the Cantor Gaming? mobile sports wagering application on their Apple? or Android? device, or on their personal computing devices, including desktop computers, laptops, tablets and smart phones, with the recently launched Cantor Gaming? Wi-Fi enabled sports wagering solution.

?This agreement follows other recent similar expansion announcements by Cantor Gaming and demonstrates the popularity of on-the-go sports wagering with our easy to use mobile applications and Wi-Fi enabled solutions,? continued Amaitis, ?We look forward to continuing to deliver innovation in sports wagering throughout Nevada.?

Kirk McClymont, Managing Member of Outpost Saloon, added, ?We are excited to extend the suite of entertainment options that Outpost Saloon provides to its valued customers. By offering customers the opportunity to use Cantor Gaming?s state-of-the-art technology, including fund accounts, withdraw funds and wager through their accounts on the full suite of sports products available within any Cantor Race & Sports Book is remarkable and I am confident this agreement will greatly enhance the customer experience.?

About Cantor Gaming
At Cantor Gaming is built upon Cantor Fitzgerald?s legacy of integrity and excellence and its unmatched financial technology to create an innovative and unique gaming system to revolutionize the gaming experience in Las Vegas. The company is the first licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state.

Cantor Gaming provide casinos with a complete mobile gaming solution, including a proprietary wireless gaming system, full back-office infrastructure and a portfolio of casino games.

More Information
Website: CantorGaming.com
Facebook: Facebook.com/CantorGaming1
Twitter: @CantorGaming
YouTube: YouTube.com/CantorGaming

Source: Cantor Gaming

Source: http://www.innovategaming.com/c25551?utm_source=rss&utm_medium=rss&utm_campaign=cantor-gaming-offer-sports-solutions-outpost-saloon

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'Oncle Sam' Popcorn Machine Pops Each Kernel Individually (VIDEO)

Don't you hate when your bag of popcorn pops too quickly? Oh wait, that never happens.

Instead of creating something that makes life easier, students at University of Art and Design Lausanne/ECAL in Switzerland from invented the "Oncle Sam," a gadget that pops each kernel of corn individually. A single tea-light candle heats one cup of oil, and the pieces of popcorn are salted one-by-one with a miniature salt shaker.

This isn't inspired by the popular single-serving coffee trend, so don't roll your eyes just yet. It's an art project, and PFSK explains the reasoning behind it:

This idea of slowing down the manufacturing process, which we so often overlook in the midst of our daily grind, is the theme of the new exhibition.

Watch "Oncle Sam" in action in the video below.

ECAL Low-Tech Factory/Oncle Sam from ECAL on Vimeo.

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2012/11/07/oncle-sam-popcorn-machine_n_2089176.html

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BMW Diesel Hatchback Gets 103 MPG In UK Competition | Hybrid ...

Published November 6, 2012

By Pete Brissette

Hybrids, plug-in hybrids, and all-electric vehicles like Tesla Motors? Model S that was recently awarded 2012 Automobile of The Year, consume a lot of headline space in today?s news.

But a two-man team in England recently proved that the modern internal combustion engine is capable of achieving fuel miser numbers rivaling and even beating alternative-fuel/green car icons, like Toyota?s Prius.

Green-Car-Guide.com editor and founder, Paul Clarke, and his driving mate, Paul Andrews, recently squeezed out 103 mpg from the diesel engine-powered BMW 116d EfficientDynamics 5-door hatchback they entered in the RAC Future Car Challenge 2012.

The duo?s fuel-efficient driving efforts over the 64-mile route between Brighton and London netted them a win in the Internal Combustion Engine class. The route included many miles of uphill sections and busy London traffic according to a release from BMW UK.

?It is an incredible achievement for a BMW to achieve over 100 mpg on a busy Saturday morning drive from Brighton into central London. Hybrids and electric cars certainly have an important future, but it shows that people shouldn?t write off the internal combustion engine yet, as its efficiency is improving all the time,? said Clarke on Green-Car-Guide.com.

The team also claims to have managed ?more than 90 mpg? during a 500-mile roundtrip from the BMW. Unfortunately for consumers in the U.S. the 116d EfficientDynamics currently isn?t available stateside.

The Brighton to London RAC Future Car Challenge event, sponsored by RAC Motoring Services, was first introduced in 2010 to showcase low energy use vehicles. It features competitors driving electric, hybrid, hydrogen and low-emission conventional petrol and diesel cars on a route from Brighton to London, using the least amount of energy possible. The event is a real-world test of current and future vehicle technology. The Best Internal Combustion Engine (ICE) award was sponsored by the Global Fuel Economy Initiative.

Green-Car-Guide.com

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Source: http://www.hybridcars.com/news/bmw-diesel-hatchback-gets-103-mpg-uk-competition-59060.html

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Microsoft's Windows 8 Sales Predictions - Business Insider

Julie Bort/Business Insider Microsoft CEO Steve Ballmer ?

Despite a mixed reception to Windows 8, CEO Steve Ballmer is talking as if big sales are a forgone conclusion.

Yesterday he said, "hundreds of millions of people" will be using Windows 8 by next year.

Last week, he said 400 million people would be buying new PCs, implying these would be mostly Windows 8 devices.

Other execs were talking up the 400 million number, too. For instance, Keith Lorizio, Microsoft vice president of U.S. Sales & Marketing, told Beet.TV that some 400 million Windows 8 devices "wil be active" by July 1, nine months after the release of Windows 8 on October 26.

It seems like Ballmer's 400 million number came from market researcher IDC, who predicted 391 million PCs would be sold in 2012. The trick about that though, is that it was including Macs, which are PCs that don't use Windows. It also includes Windows 7 PCs.

So 400 million Windows 8 PCs? Not likely.

But even to sell half that, 200 million licenses (or "hundreds of millions," as Ballmer said) would be incredible. Windows 7 sold about 175 million copies a year after its launch, which Microsoft called at the time "a record breaking pace."

At the Windows 8 launch, Windows leader Steve Sinofsky said Microsoft sold 670 million Windows 7 licenses in three years. So clearly Microsoft has been selling Windows 7 licenses at an even faster pace over the past two years.

But that doesn't mean that Windows 7 sales will automatically transfer to Windows 8, because a huge portion of Microsoft's customers ? enterprises ? aren't all that interested in Windows 8 yet. Market research firm Gartner says that 90% of companies globally have no plans at all to deploy Windows 8 in a big way, and probably won't until at least 2014. And if they don't like it, they may ignore it forever, just like they did with Vista.

Don't miss: Windows 8 Is Both Infuriating And Brilliant

Source: http://www.businessinsider.com/microsofts-windows-8-sales-predictions-2012-10

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