SLIDE SHOW (12)
By Andy Sullivan and Richard Cowan – The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world’s largest economy off a “fiscal cliff” and into recession.
For a few hours, it looked like Washington would send the country over the fiscal cliff after all, until Republican leaders determined that they did not have the votes for spending cuts.
In the end, they reluctantly approved the Senate bill by a bipartisan vote of 257 to 167 and sent it on to Obama to sign into law. more> http://tinyurl.com/ashj6qp
- United States avoids calamity in “fiscal cliff” drama (scooprocket.com)
- Fiscal cliff fatigue? You’re not alone | Oliver Burkeman (guardian.co.uk)
- Fiscal cliff deal passed by House of Representatives (guardian.co.uk)
- Congress’s manufactured non-solution to its manufactured fiscal cliff crisis | Heidi Moore (guardian.co.uk)
- House Passes Senate Fiscal Bill (realclearpolitics.com)
- House votes to avoid ‘fiscal cliff’ (bizjournals.com)
- House approves ‘fiscal cliff’ deal; bill headed to Obama’s desk, Russell Berman and Pete Kasperowicz, Hill
- Tax-bill vote splits GOP House leadership, Molly K. Hooper, Hill
- Timeline of the ‘fiscal-cliff’ showdown, Bob Cusack , Hill
- CBO: ‘Fiscal cliff’ deal carries $4 trillion price tag over next decade, Peter Schroeder, Hill
- Tea party backers swallow a bitter pill in ‘cliff’ bill, David A. Fahrenthold, Rosalind S. Helderman and Ed O’Keefe, Washington Post
- It Passed: Five Things Everyone Should Know about the Fiscal Cliff Tax Deal, Robert W. Wood, Forbes
- Short-term relief, and little else, Economist
By Jonathan Cable and Kim Coghill – Euro zone factories sank deeper into recession in December as new orders tumbled, business surveys showed on Wednesday (Jan 2), a sharp contrast to continuing signs of revival in China.
“It’s pretty grim really,” said Jonathan Loynes at Capital Economics. “These surveys are pointing to a pretty deep recession. If the German industrial sector is contracting quite sharply it is pretty hard to see where growth across the euro zone as a whole is going to come from.”
Germany, Europe‘s largest economy, saw its crucial manufacturing sector shrink for the 10th straight month and at a faster pace, while French data showed a decline in all but one of the past 17 months. The slump in Spain deepened, while Italy’s index, although improved, remained below 50 for the 17th month. more> http://tinyurl.com/bkoxzz8
Posted in Business, Economy
Tagged Business, China, Eurozone, Germany, Industrial economy, Italy, Manufacturing, Recession, Spain, Super regions
By James Patterson – In 1991, the first high-intensity discharge (HID) xenon-based headlight was introduced, shifting the front lighting landscape into the power electronics realm.
In 2007, the first light-emitting diode (LED)-based headlights became available in new automobiles. LED-based systems also require some method of power conversion. An LED driver is required to convert the battery voltage source into a constant current drive for a series or series/parallel string of LEDs. While the LED driver also adds cost and complexity to the headlight system compared to incandescent sources, there are many benefits to the LED system, including size reduction, much higher controllability of intensity and color, efficiency improvement, and longer lifetimes. more> http://tinyurl.com/bccrr73
Posted in Business, Energy, Product, Technology, Transportation
Tagged Bulb, Business improvement, Electronics, Headlamp, High-intensity discharge lamp, Industrial economy, Light, Light-emitting diode, Manufacturing
By Gen La Greca – January 1, 2013 marks the sesquicentennial of the Emancipation Proclamation. Issued by Abraham Lincoln during the Civil War.
A century-and-a-half after the Emancipation Proclamation, mankind is still in his infancy and won’t reach maturity until the day when people fully grasp the essential meaning of that document, as well as its predecessor, the Declaration of Independence, and its successor, the Thirteenth Amendment. That meaning is that a person is by right the master of himself and cannot be used to serve others against his will.
On this anniversary of the Emancipation Proclamation, those who are either ignoring politics or actively supporting the dramatic growth of government need to ask themselves: Do I want to live my life under the thumb of a new master, or do I want to be free? more> http://tinyurl.com/bhz7ko2
Posted in Business, Economy, History, Leadership
Tagged Abraham Lincoln, Business, Emancipation Proclamation, Government, Leadership, Thirteenth Amendment to the United States Constitution, United States, United States Declaration of Independence
CONGRESS WATCH Small Business Contracting Reform Is One Step Closer To Becoming Law, House Committee on Small Business/US Congress House Small Business Committee Republicans slam Obama tax plans [VIDEO], David Martosko, Daily Caller Small Businesses and the Fiscal Cliff, YouTube … Continue reading
CONGRESS WATCH Rep. Garrett recaps the second session of the 112th Congress, YouTube [VIDEO 5:11]
CONGRESS WATCH New Year’s Resolutions for Congress, US Congress