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Boehner on Fiscal Cliff Talks: 'You Can't Be Serious'













President Obama and his White House team appear to have drawn a line in the sand in talks with House Republicans on the "fiscal cliff."


Tax rates on the wealthy are going up, the only question is how much?


"Those rates are going to have to go up," Treasury Secretary Tim Geithner flatly stated on ABC's "This Week." "There's no responsible way we can govern this country at a time of enormous threat, and risk, and challenge ... with those low rates in place for future generations."


But the president's plan, which Geithner delivered last week, has left the two sides far apart.


In recounting his response today on "Fox News Sunday," House Speaker John Boehner said: "I was flabbergasted. I looked at him and said, 'You can't be serious.'


"The president's idea of negotiation is: Roll over and do what I ask," Boehner added.


The president has never asked for so much additional tax revenue. He wants another $1.6 trillion over the next 10 years, including returning the tax rate on income above $250,000 a year to 39.6 percent.






TOBY JORRIN/AFP/Getty Images















Obama Balances Fiscal Cliff, Defense Department Appointment Watch Video





Boehner is offering half that, $800 billion.


In exchange, the president suggests $600 billion in cuts to Medicare and other programs. House Republicans say that is not enough, but they have not publicly listed what they would cut.


Geithner said the ball is now in the Republicans' court, and the White House is seemingly content to sit and wait for Republicans to come around.


"They have to come to us and tell us what they think they need. What we can't do is to keep guessing," he said.


The president is also calling for more stimulus spending totaling $200 billion for unemployment benefits, training, and infrastructure projects.


"All of this stimulus spending would literally be more than the spending cuts that he was willing to put on the table," Boehner said.


Boehner also voiced some derision over the president's proposal to strip Congress of power over the country's debt level, and whether it should be raised.


"Congress is not going to give up this power," he said. "It's the only way to leverage the political process to produce more change than what it would if left alone."


The so-called fiscal cliff, a mixture of automatic tax increases and spending cuts, is triggered on Jan. 1 if Congress and the White House do not come up with a deficit-cutting deal first.


The tax increases would cost the average family between $2,000 and $2,400 a year, which, coupled with the $500 billion in spending cuts, will most likely put the country back into recession, economists say.



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DIA sending hundreds more spies overseas



The project is aimed at transforming the Defense Intelligence Agency, which has been dominated for the past decade by the demands of two wars, into a spy service focused on emerging threats and more closely aligned with the CIA and elite military commando units.

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Big plans to make comeback in post-crisis Dubai






DUBAI: Dubai is back in the business of unveiling mega projects, three years after a severe financial crisis crippled its booming property sector, but doubts still linger over finance and feasibility.

Just as the economy in the glitzy city-state begins to look promising, despite a large debt burden dating back to the years when growth appeared endless, Dubai has once again set its sights on building superlatives.

"We do not anticipate the future. We build it," Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, architect of its meteoric rise into a regional tourism and services hub, boasted last week as he unveiled plans to build a "city" carrying his name.

Among the attractions of the new mega plan is a mall touted to be the largest in the world, not far from what is already the world's largest shopping and entertainment destination, the Dubai Mall.

Mohammed bin Rashid City will sprawl over a large swathe of the emirate's desert and have gardens 30 per cent larger than London's Hyde Park, in addition to 100 hotels, and a Universal Studios theme park.

No price tag was attached to the project which is to be developed by the ruler's Dubai Holding conglomerate and Emaar, which built Burj Khalifa, the world's tallest tower.

This week, Dubai also announced a 10 billion dirham (US$2.7 billion) leisure centre and theme parks.

Dubai appears keen to capitalise on its growing tourism sector which it said is expanding 13 per cent a year, with hotel occupancy rate hitting 82 per cent last year.

Sheikh Mohammed said the emirate must stay ahead of expanding demand and match its ambitions.

"The current facilities available in Dubai need to be scaled up in line with the future ambitions for the city," he said, highlighting a constant rise in tourism and the business of hosting forums and exhibitions.

"A large part of these projects are linked to expanding Dubai's capacity in core sectors with comparative advantage, such as tourism, which is positive," said Monica Malik, chief economist at EFG-Hermes investment bank in Dubai.

But the source of funding for such grandiose projects remains vague.

"We do have our own resources and way to finance... We are sure that these projects will be achieved," the Arabian Business online magazine quoted Hani al-Hamli, Dubai Economic Council secretary general, as saying.

Beyond general assurances, Dubai continues to deal with the burden of maturing debt, after it racked US$113 billion in borrowings during years of extensive investments, with US$9.8 billion reportedly coming due next year and US$3 billion in 2014.

"Banks remain wary about lending to real estate developments at a time when they still have to make major provisions against non-performing real estate loans from the last development boom," said real estate consultancy firm Jones Lang LaSalle in a statement on Thursday.

However, "the fact that these projects have long-term time lines is positive as they can be developed alongside demand, both domestically and internationally, so as not to build overcapacity," Malik told AFP.

"The funding of these plans is important and should be matched with revenue growth potential," she added.

Dubai's economy contracted 2.4 per cent in 2009 when it rattled global markets over its debt crisis before receiving a US$10-billion bailout from Abu Dhabi, its oil-rich partner in the Emirates, and reaching restructuring deals with lenders.

The economy has since made a comeback, growing 2.8 per cent in 2010, 3.4 per cent in 2011, and 4.1 per cent on an annual basis in the first half of this year, as tourism, trade and transport keep expanding.

But real estate -- a main engine of rapid growth before the crisis -- lags behind other sectors, with growth of just 1.5 per cent in the first six months of 2012.

The sector crashed in 2009 as the global crisis dried up finance and investors walked away from planned projects, many of which were eventually put on hold or cancelled.

"Encouragingly, there are indications that some of the lessons of the last real estate crisis have been learned," said Jones Lang LaSalle.

"The most important of these is the need to adopt a long-term and coordinated approach, rather than developing too much real estate too quickly."

- AFP/xq



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FDI in retail to safeguard international market mafias' interest: BJP

NEW DELHI: India's main opposition Bharatiya Janata Party (BJP) today said retail reform is a step taken by the Congress led-federal government to safeguard the interests of the international market mafias at the cost of national interest.

BJP vice president Mukhtar Abbas Naqvi said on Saturday that voting inside the parliament would decide as to who is in favour of national interest and who is working for international interests.

"The government feels that their responsibility is to safeguard the interest of international market mafias instead of national interest and for saving the interest of international market mafias, the government is ready to compromise with national interests. Now, the parliament will decide as to who is in support of international market mafias and who are supporting national interests," said Naqvi.

The government's decision to allow foreign supermarket chains such as Wal-Mart had triggered protest not only from opposition parties but also from some of its allies.

BJP had sought debate on the issue of allowing Foreign Direct Investment (FDI) in the retail sector, under the rule that entails voting after discussions.

Meanwhile, Minister in the Prime Minister Office (PMO), V Narayanaswamy said the government would answer all the queries raised by the opposition parties in the parliament and will explain the benefits of allowing FDI in retail sector.

The lower house of parliament has set December 04 and 05 as the date to vote and debate on FDI. The dates for the upper house are yet to be decided.

Narayanaswamy said the government is confident of becoming victorious in the debate.

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Photos: Kilauea Lava Reaches the Sea









































































































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Wikileaks Case: Guards Deny Intimidating Manning


gty bradley manning dm 121108 wblog Bradley Mannings Former Guards Testify About Controversial Incident

(Brendan Smialkowski/AFP/Getty Images)


Bradley Manning’s former guards testified today that they did not intimidate the man accused of leaking hundreds of thousands of classified cables to the anti-secrets website Wikileaks during  a Jan. 18, 2011 incident that resulted in Manning being placed on a temporary suicide risk watch.


Manning’s attorneys cite the event as a key reason why his pre-trial confinement at the Marine brig in Quantico, Va., was unlawful and warrants the dismissal of the charges against him.


Manning faces life imprisonment on charges that he leaked the classified military and diplomatic cables to Wikileaks.  Details of those charges will come at a trial scheduled for February and are not being discussed at this week’s hearing, which is focused on his nine-month confinement at Quantico from July 2010 to April 2011.


On Jan. 18, 2011 Manning was being moved to his daily “recreation call” in a room at the brig when he experienced an apparent anxiety attack.  Manning said Thursday the guards escorting him seemed to have an aggressive attitude that made him feel nervous and ultimately feel faint.


Manning testified Thursday that he “lost my demeanor” during a later discussion with brig officials about the incident that led them to place him on temporary suicide risk watch.


Former Marine guards Lance Corporal Joshua Tankersly and Lance Corporal Jonathan Cline testified today that Manning had been moving around while his hand and leg restraints were placed on him for the escort to the exercise room.  They said they reminded Manning that he should respond properly to their orders by referring to their ranks when he answered them.


When Manning entered the recreation room they described a situation in which Manning fell backwards and landed on his backside.


They then said that when out of his leg restraints Manning ran to a weightlifting machine, hid behind it and began to cry.  Both Cline and Tankersly said they could not explain Manning’s behavior.  Both guards were ordered to leave the room and were replaced by two other guards who escorted Manning back to his cell.


Cline said he was puzzled when a supervisor later told him “we intimidated him or something like that.”


Each guard said he could not recall if they sounded harsh when they talked to Manning on the way to the exercise room.


They both said that aside from the January incident, Manning was courteous and professional in his interactions with them.  Both described him as an average prisoner, though Tankersly acknowledged that Manning was a high profile detainee who had the attention of high-ranking officials at the base.


“It’s hard to put ‘average’ on such a high profile, when you have higher ups on base come and check through to that see all was OK,” Tankersly said.


Gunnery Sgt. William Fuller, one of the senior officers at the brig, also testified today about his participation in a Classification and Assessment board that routinely assessed whether Manning’s Maximum Custody and Prevention of Injury status should be downgraded. The board never reduced Manning’s status during his stay.


Fuller acknowledged that before the January incident he and another brig official had considered a downgrade because Manning was “doing pretty good.”


He said the Jan. 18incident “kind of reset things … we had to keep him on Prevention of Injury.”


Fuller also cited Manning’s quiet interactions with him as a reason for keeping Manning on that status.


According to Fuller “he wouldn’t communicate … it seemed like he didn’t really want to talk” and that concerned him, given training he had received that being withdrawn could be an indicator of suicidal behavior.


Fuller admitted that the conversations were really just quick interactions to see how Manning was doing..  When asked to provide examples of longer exchanges he had with other prisoners, Fuller provided brief sentences.  That led David Coombs, Manning’s defense attorney to say sarcastically, “so if he’d thrown in more words then he would have classified as a Chatty Patty?”


Manning’s attorneys claim that a protest on Jan. 17 by Manning supporters, at the entrance to the base, may have motivated an aggressive attitude towards the detainee.


Cline recalled other guards “were annoyed” by the protest” because it would close parts of the base and hinder or interrupt how they got home.”  But Tankersly said the protest had no impact on Manning’s treatment.

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Sen. Ayotte offers GOP an influential new voice



The first two were prominent national security heavyweights, Arizona’s John McCain and Lindsey O. Graham of South Carolina. Then the third senator, Kelly Ayotte of New Hampshire, stepped forward. A freshman in her second year and ranked 99th in seniority, Ayotte said she had not been swayed by the administration’s efforts to explain how and why U.N. Ambassador Susan Rice had initially suggested the attack was the result of a spontaneous street protest, instead of a coordinated terrorist attack.

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Macau triad boss "Broken Tooth" freed from jail






MACAU: A Macau triad boss known as "Broken Tooth" walked free from jail on Saturday after more than 14 years behind bars for heading a gang blamed for a string of murders and bombings in the former Portuguese colony.

The release of Wan Kuok-koi has triggered tightened security in the world's biggest gaming hub, although experts say it is unlikely Macau will witness a return to the violence seen before 1999.

Wan, wearing a white T-shirt, walked out from a high-security prison and was collected by two men -- one reported to be his brother -- in a white car just before 7:00 am (2300 GMT Friday), an AFP photographer saw.

Now aged 57, he smiled but did not gesture to waiting journalists.

Wan was leader of the 14k triad, the largest organised crime outfit in Macau in the mid-1990s, and was jailed over offences linked to loan sharking, money laundering and triad activities.

At his trial, police said his gang had been involved in a string of murders, bombings, drive-by shootings and kidnappings that plagued the colony in the run-up to the handover to Chinese rule.

He stood trial with nine other gang members facing a raft of charges, among them membership of a triad society, illicit gambling, extortion, drug trafficking, smuggling and illegal possession of firearms.

His release has rekindled memories of Macau's darker days, but a lawyer representing Wan, said he intends to lead a quiet life.

"The only thing he wants is for people to forget him," Pedro Leal told the South China Morning Post.

"In recent weeks he's been on the cover of many magazines and they've all talked about his past. All he wants is to be left in peace. He's going to lead a quiet life from now on," the lawyer said.

During Wan's time in prison, Macau has been transformed into the world's top gaming destination after the casino sector that was once monopolised by tycoon Stanley Ho was opened up to foreign competition in 2002.

Macau now earns five times the gaming revenue of Las Vegas, with six firms licenced to operate casinos there.

- AFP/xq



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15,000 posts lying vacant in KEB, says KPTC MD

MYSORE: Karnataka Power Transmission Corporation Ltd MD S Selva Kumar has said that Karnataka Electricity Board (KEB) is short of hands -- two persons perform the work of four.

Speaking at the 49th All-Member Convention organized by KEB Engineer's Association at JK grounds here on Friday, he said though the government has sanctioned 60,000 employees, there are 15,000 vacancies. "As many as 1,500 engineers' posts are vacant, which need to be filled at the earliest. KEB requires quality personnel," he said, and added: "Employees must be willing to work anywhere in the state, rather than sticking to a particular place."

In spite of implementing advanced technology, KEB has not been able to tackle certain situations, he said, adding that people continue to target it in cases of power failure and technical issues.

Speaking on power shortage in the state, Karnataka is passing through power shortage mainly due to sudden spurt in demand from the irrigation sector and reduction in power generation.

"KEB is trying to cut losses in transmission and distribution (T&D). Unlike neighbouring states, Karnataka has not been equipped with latest machineries," he claimed.

At present, the state is unable to meet the demand, which would rise in the coming days. KEB is unable to generate sufficient capital too, Selva Kumar said.

!KEB Engineer's Association president V Venkatasivareddy said the Association has rejected Shunglu committee report on power distribution which speaks of franchise system. The report has said that franchise model is a preferred mode for reduction in T&D losses given the issues in the sector. The committee does not see meaningful reduction in T&D losses in the foreseeable future. "Franchise system gradually leads to privatization of the power sector," he said.

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