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Wall Street protests go global
(Reuters) – Demonstrators worldwide shouted their rage on Saturday against bankers and politicians they accuse of ruining economies and condemning millions to hardship through greed and bad government.
Galvanized by the Occupy Wall Street movement, the protests began in New Zealand, rippled round the world to Europe and were expected to return to their starting point in New York.
WASHINGTON — The United States has dispatched a small group of U.S. troops to central Africa to help hunt down the elusive leader of the Lord’s Resistance Army, a cultlike force that’s been terrorizing Uganda and other nations, President Barack Obama told Congress in a letter Friday.
WASHINGTON — Minnesota Republican Michele Bachmann is finding it hard to sustain the high-flying cash haul that once propelled her to the top ranks among GOP presidential contenders.
WASHINGTON — Presidential candidate Texas Gov. Rick Perry released his economic plan Friday, promising that an energy-centric program to expand offshore drilling and domestic oil and gas exploration would create 1.2 million jobs.
Perry, who spoke at a suburban Pittsburgh steel mill before a hard hat-wearing crowd, is building on the Republican Party’s “drill, baby, drill” mantra, He’d move to open federal lands to drilling, including Alaska’s Arctic National Wildlife Refuge, and would curtail the Environmental Protection Agency’s regulatory powers.
Yesterday, Senate Republicans unveiled their much-hyped alternative to President Obama’s jobs plan. The “Jobs Through Growth Act” is heavy on Republicans’ favorite policies like cutting corporate taxes and reducing regulation, but light on details. Nevertheless, Sen. Rand Paul (R-KY) declared that it would create 5 million jobs.
Moody’s Analytics estimated that Obama’s American Jobs Act would create 1.9 million jobs, grow the economy by 2 percent and cut unemployment by a percentage point. Their review of the Republicans’ plan is not nearly as favorable. In fact, the Washington Post’s Greg Sargent reports that one Moody’s economist thinks it may damage the economy even more
During this week’s GOP primary debate, Newt Gingrich asked Mitt Romney why he has proposed eliminating capital gains taxes for only those making less than $200,000 annually (which is a key component of Romney’s economic plan). “If I’m going to use precious dollars to reduce taxes, I want to focus on where the people are hurting the most, and that’s the middle class,” Romney said. “The people in the middle, the hard-working Americans, are the people who need a break, and that is why I focused my tax cut right there.”
Romney may think he focused his tax cut on the middle-class, but according to a ThinkProgress analysis of Tax Policy Center data*, nearly three-fourths of households that make $200,000 or less annually would get literally nothing from Romney’s tax cut, due to the simple fact that most of those households have no capital gains income
By the end of this year, the State Department will decide whether to give a Canadian company permission to construct a 1,700-mile, $7 billion pipeline that would transport crude oil from Canada to refineries in Texas.
The project has sparked major environmental concerns, particularly in Nebraska, where the pipeline would pass over an aquifer that provides drinking water and irrigation to much of the Midwest.
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