Erupting Fissure at Tolbachik
NASA – After more than a month of eruption, lava continues to flow from Tolbachik, one of many active volcanoes on Russia’s Kamchatka Peninsula. The current eruption at Tolbachik began on Nov. 27, 2012. Lava flowed up to 20 kilometers (12 miles) from a line of fissures on the volcano’s southern flank. Since then, some of the lava has cooled enough to allow snow to accumulate. Snow-covered lava flows appear gray in this natural-color satellite image. Fresher lava appears black. A faint orange glow at the head of the northern flow marks the location of an erupting fissure.
The image was collected on Dec. 22, 2012, by the Advanced Land Imager (ALI) on the Earth Observing-1 (EO-1) Satellite. According to the Kamchatka Volcanic Eruption Response Team (KVERT) the eruption continued through Dec. 30, 2012.
›See image with detailed labels. Image Credit: NASA Earth Observatory
SLIDE SHOW (12)
By Thomas Ferraro and John Whitesides – President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought “fiscal cliff” deal narrowly averted devastating tax increases and spending cuts.
But it set up potentially bruising showdowns over the next two months on spending cuts and an increase in the nation’s limit on borrowing. Republicans, angry the fiscal cliff deal did little to curb the federal deficit, promised to use the debt-ceiling debate to win deep spending cuts next time. more> http://tinyurl.com/b9trz5g
- Bigger fights loom after U.S. ‘fiscal cliff’ deal (business.financialpost.com)
- Bigger fights loom after “fiscal cliff” deal (news.yahoo.com)
- United States avoids calamity in “fiscal cliff” drama (theneteconomy.wordpress.com)
- Markets Surge, New Crisis Looms after Partial ‘Fiscal Cliff’ Deal (voanews.com)
- Bigger fights loom after “fiscal cliff” deal (reuters.com)
- GOP anti-tax policy goes over the cliff (politico.com)
- Congress’s messy fiscal cliff vote sets stage for showdown over debt ceiling (guardian.co.uk)
- Obama signs cliff deal to boost taxes on wealthy (newsinfo.inquirer.net)
- Looking past the fiscal cliff rally, David Randall, Reuters
- Dems bullish on cliff deal, enjoy turmoil among GOP lawmakers, Niall Stanage and Amie Parnes, Hill
- Boehner tells GOP he’s through negotiating one-on-one with Obama, Russell Berman, Hill
- For Obama, a Victory That Also Holds Risks, David Leonhardt, NYTimes.com
- Has the ‘fiscal cliff’ fight changed how Washington works? Karen Tumulty and Peter Wallsten, Washington Post
- Parties’ role reversal complicates spending debates, David Lauter, latimes.com
- More At Stake Than Fiscal Cliff, John Zogby, Forbes
- 112th Congress legacy: Unfinished business, Jonathan Allen, POLITICO
Posted in Business, CONGRESS WATCH, Economy, Leadership
Tagged Barack Obama, Business, Congress Watch, Government, John Boehner, Leadership, Nancy Pelosi, United States, United States public debt
By Matthew Melchiorre – For nearly 50 years before the early 1990s, one-party rule in Italy meant huge concessions to special interests, especially unions and professional guilds, to keep the peace in Parliament and thus keep Italy’s sizeable Communist Party from exploiting partisan disagreement to gain support.
One of the guilds’ most glaring protectionist achievements is the scarcity of taxis in Italy’s capital. Rome has less than a third fewer taxis per resident than London or Paris, because the Italian taxi guild lobbies and strikes to keep taxi licenses to a minimum and competition non-existent. When Monti introduced modest liberalizations to Italy’s taxi sector in January, drivers protested by blocking roads all over the country. more> http://tinyurl.com/af54g7q
Posted in Business, Economy, History, Leadership
Tagged Business, Government, Industrial economy, Italy, Jobs, London, Mario Monti, Matthew Melchiorre, Paris, Rome, Super regions
English: The Norman Hackerman Building at the University of Texas at Austin. (Photo credit: Wikipedia)
By Carolyn Duffy Marsan – Here’s a tip for incoming and current college students: If you want to have a high-paying job on graduation day, study computer science.
“I think the job market is what’s driving the growth,” says Professor Bruce Porter, Chair of the Department of Computer Sciences at the University of Texas at Austin, which has seen its enrollment increase more than 5% this year. “The government has made it clear that computer science is a growth field, and I think that message is getting back to students and their parents.” more> http://tinyurl.com/yemdqx9
By Joel Kotkin – We no longer see family-centered urban neighborhoods like those depicted in the Chicago of Saul Bellow’s novel The Adventures of Augie March. Instead, many urban centers today are among the most “child free” ‑ whether in Manhattan, San Francisco, inner London or Paris, Singapore, Hong Kong or Tokyo.
As to the culture wars between religious social conservatives and progressives, let’s declare a truce. Spiritual values and traditional families are precious resources to be nurtured. Mormons, evangelicals, practicing Catholics and highly self-identified Jews, all of whom largely favor big families, help make up for the almost certain continued expansion of single, and often childless, people. more> http://tinyurl.com/bgbbmdf