U.S. will hit debt limit on Dec. 31, Treasury Department says



Treasury Secretary Timothy F. Geithner said in a letter to senior lawmakers that the Treasury would begin to undertake “extraordinary measures” in order to forestall default. Geithner said the measures could create about $200 billion in additional funding available to the government – giving Congress two months before it must raise the debt limit.


To begin conserving money, Treasury will suspend a program on Friday that helps states and localities manage their borrowing. In subsequent weeks, Treasury will start to tap the federal worker pension fund for additional financial resources. (The pension fund will be made whole once the debt limit impasse is resolved.) Geithner added that the resolution of the fiscal cliff could affect these estimates. In particular, he wrote, “the expiring tax provisions and automatic spending cuts, as well as the attendant delays in filing of tax returns, would have the effect of adding some additional time to the duration of the extraordinary measures.”

President Obama has insisted that the debt limit be taken off the table in negotiations between Democrats and Republicans over the fiscal cliff. But Republicans have insisted that the debt limit provides an important point of leverage to force spending cuts.

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US stocks dip in absence of 'fiscal cliff' deal






NEW YORK: US stocks fell Wednesday amid uncertainty about whether a deal to avert the "fiscal cliff" could be reached by an end-of-year deadline.

The Dow Jones Industrial Average was down 24.49 points (0.19 percent) to finish the session at 13,114.59.

The broad-market S&P 500 lost 6.83 points (0.48 percent) at 1,419.83, while the tech-rich Nasdaq Composite shed 22.44 points (0.74 percent) at 2,990.16.

"Investors in the US returned to business in the midst of the omnipresent tick-tick-ticking of the fiscal cliff clock," said analysts with Charles Schwab & Co.

The White House and Congress have until the end of the month to reach a compromise on how to avert a year-end crisis that could lead to stiff tax hikes and drastic budget cuts.

Experts say a dive over the so-called "fiscal cliff" could drive the world's biggest economy back into recession.

Obama was to head back to the capital late Wednesday from a shortened family Christmas break in Hawaii, and lawmakers are also expected back in Washington on Thursday.

Stocks in focus during the midweek session included those of online video giant Netflix, which gained 0.47 percent in the wake of an outage of its online film streaming service on Christmas Eve. On Wednesday, Netflix blamed Amazon for the incident, which rents out computing power in datacenters in the Internet "cloud." Amazon dropped 3.86 percent.

US commodities and derivatives market InterContinentalExchange (ICE) and its transatlantic peer NYSE Euronext were down 0.03 percent and up 0.09 percent respectively, after at least one shareholder complaint was filed to contest their planned fusion, announced last week.

Shares of BlackBerry maker Research In Motion meanwhile soared 11.5 percent, recovering after a plunge on Friday on investor fears that its new smartphone platform will thin the ranks paying for its service.

Tech heavyweight Apple meanwhile lost 1.4 percent.

Bond prices rose. The 10-year US Treasury yield fell to 1.76 percent from 1.77 percent late Monday, while the 30-year dipped to 2.93 percent from 2.94 percent. Bond prices and yields move inversely. Markets were closed Tuesday in observance of Christmas Day.

-AFP/ac



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Delhi gang rape case: Mega rally today to keep agitation alive

NEW DELHI: With the crowd at Jantar Mantar thinning considerably after the Sunday's clampdown, protesters have planned a huge non-violent rally to revive the movement. On Thursday, several student and women's rights organizations will march from Nizamuddin Sabz Burj to India Gate and place five specific demands. Many students who gathered at Jantar Mantar on Wednesday said the movement was slowing down as they were restricted to a small space at Jantar Mantar.

Security on this route has been beefed up across New Delhi and south districts. While top officers refused to comment on the issue, sources said the Nirbhaya's (the victim's symbolic name) deteriorating health coupled with the threat of a fresh round of protests around India gate, was forcing them to stay on their guard. They denied having any knowledge on whether the PM was visiting Safdarjung Hospital or whether there were plans to shift Nirbhaya out of the hospital. "We do not know whether we need to stop traffic movement around India Gate and close Metro stations again. It is too early to speculate . A decision will be taken later."

Organizations that have called for a protest rally include All India Progressive Women's Association (AIPWA), student groups from Jawaharlal Nehru University Students' Union, Students' Federation of India, All India Students' Association and National Federation of Indian Women — over 1,000 — on Thursday.

"Many students from different educational institutions and student groups wanted to come together and do a rally, so we decided to mobilize them. We also want to announce the five demands of students to avoid any confusion about what exactly the protesters are seeking," said Kavita Krishnan, secretary of AIPWA.

The demands of this coalition are: removal of Neeraj Kumar; fast-tracking of 1 lakh rape cases pending within 100 days; registration of FIRs of all complaints relating to rape, sexual harassment and crimes against women; putting in place and publicizing gender-just protocols for FIRs and police investigation of crimes against women, including decisive action against police personnel who violate the protocol and display gender bias; announcement of a consultation process with women's organizations and students before calling a special session of Parliament; and ensuring safe public transport for women.

Their call for the rally also specifies that 'no form of violence or provocation will be tolerated.' It is a call to the government to 'commit or quit!' No organization banners, flags or slogans will be allowed, according to members. The protesters will head towards Zakir Hussain Marg from Nizamuddin to go straight to India Gate.

"We also think that protesting in separate groups will have no impact. We want immediate action on the previous rape cases. Rape is not limited to Delhi, every day we are hearing about rapes and sexual assaults from remote areas across the country. We demand a special parliament session and police reforms. Tomorrow's rally will make our demands reach the government," said Aakash and Tarun, both BSc students of DU.

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Space Pictures This Week: Green Lantern, Supersonic Star









































































































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WH Lashes Out at 'Congressional Stupidity'


With only days to come up with a deal to avoid the fiscal cliff, the White House said “congressional stupidity” was damaging the economy but that an agreement could be reached if Republican leaders don’t get in the way.


President Obama cut his Hawaiian vacation short and headed back to Washington today while the Senate is scheduled to reconvene on Thursday. House Speaker John Boehner, R-Ohio, said previously that he would give House members a 48-hour notice of any upcoming vote, which means that the soonest the House could consider a bill would be Saturday — just two days before a deadline to make a deal or trigger a rise in taxes and steep budget cuts.


Boehner and other GOP leaders issued a statement today following a conference call saying: “The House has acted on two bills which collectively would avert the entire fiscal cliff if enacted. Those bills await action by the Senate.  If the Senate will not approve and send them to the president to be signed into law in their current form, they must be amended and returned to the House.”


While Boehner put the onus on the president and Senate Majority Leader Harry Reid, a White House official used testy language to  put the responsibility back on Boehner and Senate Minority Leader Mitch McConnell.


“What we need is for the Senate Minority Leader not to block a vote and for Boehner to allow a vote,” a White House official told ABC News. “The hits to our economy aren’t coming from outside factors, they’re coming from congressional stupidity.”


Reid’s plan would serve as a Democratic counterpart to Boehner’s plan B, which failed to gain enough support for a vote last week. Boehner left the ball in the Senate’s court after withdrawing  his plan Thursday.


Any plan from Reid is expected to include extending the Bush tax cuts for Americans making $250,000 or less.


Related: What if Bush tax cuts expire?


This has been a sticking point for the left and the right throughout discussions. Democrats believe that lower- and middle-class families should keep the  tax cut, while letting it expire for households making more than $250,000. Republicans counter that no Americans should be forced to pay higher taxes come Jan. 1, though Boehner’s plan would have required those making more than $1 million to lose the cut.


Reid could also propose cuts to tax deductions to generate more federal revenue.


Related: Can the mortgage deduction survive the fiscal cliff?


Michael Ettlinger, vice president for economic policy at the liberal think tank Center for American Progress, said that would make his plan very similar to Obama’s.


“I think this is likely to go smaller more than bigger as they try to gather votes in the Senate,” Ettlinger told ABC News Wednesday. “The Democratic vision of things is fairly clear. Where the Senate Republicans are willing to go is less so. That’s going to be the issue.”


Dan Holler of conservative policy advocacy group Heritage Action for America expects the plan to include an extension of unemployment benefits, something he says would be “extremely counterproductive for the economy.”


Democrats “see it as one of the most stimulative things you can do,” Holler told ABC News Wednesday. “Heritage has great research to go ahead and say this doesn’t really help.”


Related: Fiscal Cliff negotiators search for cuts without sacrifice.


In addition to an immediate measure to stop taxes from going up, Holler suggested there would be a mechanism to compel leaders to do more further down the road, a method he said has not historically been effective at reducing the deficit.


“I think Republicans are going to look at the entire package skeptically,” Holler said of Reid’s expected plan.


Boehner press secretary Michael Steel told ABC News the speaker’s office “will take a look” at Reid’s proposal once he brings it up for a vote or shares his ideas with the House.


Garnering consensus among both parties will be difficult for any plan now. Starbucks CEO Howard Schultz is trying to bring D.C. politicians together with every coffee cup sold in the District.


Critics have called into question  Boehner’s ability to bring his own party together.


“It seems that, in the House now, Boehner has no control over his extreme right-wing faction,” Sen. Bernie Sanders, I-Vt., said on MSNBC Wednesday. “You have, over in the House, a situation where the Republicans are saying, ‘Hey, we don’t think billionaires should pay a nickel more in taxes, but we do think there should be devastating cuts in programs that are impacting working families who are already hurting as a result of the recession.’ So that’s the problem that we have.”


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Federal workers feel unease over potential layoffs, furloughs unleashed by ‘fiscal cliff’



President Obama and members of Congress headed out of town late last week for a Christmas break without reaching a deal to avoid $110 billion in automatic across-the-board spending cuts, which would hamstring operations ranging from weather forecasting and air traffic control to the purchase of spare parts for weapons systems. So civil servants are bracing for the blow, wondering whether their work will be upended — and whether they may be forced to take unpaid days off.


“This could change day by day,” said Antonio Webb, 25, who works in the mail service that handles correspondence for the Department of Homeland Security. “You could come into work and the next day they say, ‘We don’t need you because we have to cut so much.’ ”

Many federal workers have become jaded after a two-year pay freeze and congressional fights over spending that keep agencies lurching from one stopgap budget to another. Until recently, few employees thought it could come to this: Budget cuts of 8 to 10 percent divided equally between military and domestic agencies. Only a few programs, like Social Security, veterans benefits and some services for the poor, are exempted.

“Sure, we continue to do our jobs,” said Carl Eichenwald, who works in enforcement at the Environmental Protection Agency. “But all of this uncertainty is disruptive for our mission. A lot of time gets spent spinning wheels. We won’t know whether we can do inspections. Do we have 100 percent of our budget, or 85 percent?”

Top congressional aides said Monday that discussions of how to avert the fiscal cliff had come to a virtual standstill. Obama and House Speaker John A. Boehner (R-Ohio) had not spoken since Friday.

Each side in the negotiations urged the other to come up with a way around the impasse. A senior Democratic aide said Boehner needs to return from the holiday with a “cleared head and a readiness to deal.” The aide said that there is no time for Democrats to unilaterally advance a bill in the Senate, adding that they can press forward with legislation only if they are assured by Republican leaders of GOP support.

A senior Senate Republican aide insisted, however, that it is now up to Senate Majority Leader Harry M. Reid (Nev.) and his fellow Democrats to figure out what they can pass in the Senate without worrying about the Republican-controlled House.

As the year-end deadline approaches, federal employees have been told very little by their bosses about how their agencies are preparing to carry out huge spending reductions.

“It seemed like we were almost immune to thinking that something real was going to come of it,” said Fernando Cutz, an analyst for the U.S. Agency for International Development.

Then came an e-mailed memo on Thursday from agency heads to employees. The cuts would be “significant and harmful to our collective mission.” Furloughs “or other personnel actions” — layoffs — remain a real possibility.

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NGOs roped in to combat litter menace






SINGAPORE: Senior members of non-government organisations such as the Waterways Watch Society (WWS) and the Singapore Environment Council (SEC) have been roped in to undergo training to combat the litter menace.

Last month, Minister for the Environment and Water Resources Vivian Balakrishnan wrote on his blog that, under the National Environment Agency's (NEA) new empowerment scheme, it will start conducting a "special training course" in January for senior members of environmental NGOs. For a start, more than 20 members from the WWS and SEC could be involved, TODAY understands.

The NEA's new scheme comes as the WWS - which is currently active at Kallang Riverside Park - hopes to set up another office at the Punggol housing estate, to help keep the precinct's award-winning waterway project free from litter.

After completing training, these volunteers will be issued authority cards which will enable them to "identify and take enforcement action against recalcitrant persons who insist on littering", as Dr Balakrishnan had put it.

In response to TODAY's queries, the NEA said the volunteers' training will be similar to that of its officers.

"The training will cover the respective legislation, the rules of engagement and enforcement procedures. The training will include both theory and practical sessions to equip the volunteers with the skills and knowledge to undertake their duties," an NEA spokesperson said.

She added that the NEA is "finalising the details of the recruitment" for the volunteers. The empowerment scheme will be rolled out in tandem with enhanced fines for littering. From March, the fines for first-time offenders will increase from S$300 to S$500.

WWS founder Eugene Heng, 63, said his NGO will recommend "less than 10 per cent" of its 260 members for the scheme. Mr Heng said that he understands that the prospective volunteers will first be interviewed by the NEA, before they undergo training.

He said: "We should not make the training so complex, as these are all volunteers here. Apart from equipping them with an understanding of the rules, more importantly we have to teach them how to approach people. We have to make them understand how not to abuse this enforcement privilege. We don't want to create a whole new force of vigilantes."

Mr Heng, who also sits on the Public Hygiene Council, said the council may also get involved with the NEA's new scheme in some form.

"We are targeting council members to help monitor and enforce. Whenever possible, we will get the members to share and speak out against littering. Aggressive enforcement is a last resort," he said.

"Ultimately, we should have a network of different representatives from all strata of society to combat this, instead of just relying on NGOs, and I have also shared this with the NEA."

SEC Executive Director Jose Raymond said the NEA had approached his organisation to assist in the empowerment scheme. For now, three of the SEC's staff members will be trained under the scheme.

"But this can increase depending on our workload for the year and our other projects," he said.

Mr Raymond reiterated that it is essential that the volunteers are trained "on how to approach members of the public when they spot the offender and ... how to manage difficult members of the public who may turn nasty or abusive".

He added: "Public cleanliness remains an issue which needs to be dealt with, and through various possible options ... We hope that with more hands on deck, and from ground up, we will be able to help bring about a cleaner Singapore."

Meanwhile, Mr Heng said his NGO plans to set up its second office at Punggol estate in "two to three months".

Currently, the WWS has an office under Merdeka Bridge and helps to watch over the Kallang Riverside Park. Thirty of its members were issued volunteer cards by the National Parks Board (NParks) and national water agency PUB, to enable them to approach members of the public to advise them not to litter, among other things.

Said NParks' Parks Director Chia Seng Jiang: "The WWS encourages park users to dispose of rubbish into bins and report instances of illegal entry into parks by motorised vehicles and damage to park property. The WWS also organises park clean-up activities at Kallang Riverside Park, and we have since noticed less litter there."

Mr Heng said that as more people move into Punggol, there is a risk that its waterway could be polluted.

"Punggol leads to two major reservoirs, Punggol Reservoir and Serangoon Reservoir ... So if we don't do well (to keep the waters clean), it's a lose-lose situation," he said.

- TODAY



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i-age protests rob govt comfort zone

NEW DELHI: Frequent street mobilization with participation of politically non-aligned public has left parties and governments bereft of the comfort of not being seriously questioned or held to account in between elections when voters express their anger through the ballot.

Activists and opposition leaders argue that the response of the government to a swiftly developing situation like the one that unfolded in Delhi over the past week shows that the Centre announced a slew of measures only after being brought under intense pressure.

Although the government appeared to be reactive rather than proactive, it has had to respond in a manner that its predecessors did not consider necessary. The trigger for this was the toll the protests took of government's credibility.

Aam Aadmi Party member Yogendra Yadav hit out at the government accusing it of lacking political skills to respond to the public's anger and disappointment. "The government has shown itself to be particularly short-sighted. The people in the political establishment lack political skills. They should have anticipated the people's emotion much earlier and responded to it," he said.

I&B minister Manish Tewari defended the government, saying, "We understand the anguish and concern of the protestors. However, violence is neither a solution nor an end in itself. It is indeed unfortunate that a law enforcement officer succumbed to the depredations of the protest. The government has taken a series of measures for the quick prosecution of the crime which no civilized society countenances or tolerates as well as measures to address the systemic problem of the security and safety of women."

Yadav also found PM Manmohan Singh's speech wanting on several fronts. "If you say on Day 1 that you have three daughters, it has some meaning. But to say it Day 8, it is just a joke. The government has state power and they have used it to put down a peaceful protest," he added.

CPM leader Brinda Karat said the incident had only demonstrated the lack of political will on the part of the government. "There is total drift and lack of political direction on the part of the government whether it is PM's ineffectual speech or home minister's remarks," she said.

Karat, who led a delegation of women's groups to meet President Pranab Mukherjee a day earlier, said there were small but critical steps like taking action against buses with tinted glasses that the government had not done so far. "This was an occasion when the top cop should have taken responsibility," she added.

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Photos: Humboldt Squid Have a Bad Day at the Beach

Photograph by Chris Elmenhurst, Surf the Spot Photography

“Strandings have been taking place with increased frequency along the west coast over the past ten years,” noted NOAA’s Field, “as this population of squid seems to be expanding its range—likely a consequence of climate change—and can be very abundant at times.” (Learn about other jumbo squid strandings.)

Humboldt squid are typically found in warmer waters farther south in theGulf of California (map) and off the coast ofPeru. “[But] we find them up north here during warmer water time periods,” said ocean sciences researcherKenneth Bruland with the University of California, Santa Cruz (UCSC).

Coastal upwelling—when winds blowing south drive ocean circulation to bring cold, nutrient-rich waters up from the deep—ceases during the fall and winter and warmer water is found closer to shore. Bruland noted that climate change, and the resulting areas of low oxygen, “could be a major factor” in drawing jumbo squid north.

Published December 24, 2012

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Gunman Killed Firemen With Bushmaster, Left Note












A convicted killer, who shot dead two firefighters with a Bushmaster assault rifle after leading them into an ambush when they responded to a house fire he set in Western New York, left behind a typewritten note saying he wanted to "do what I like doing best, killing people," police said.


William Spengler, 62, set his home and a car on fire early Monday morning with the intention of setting a trap to kill firefighters and to see "how much of the neighborhood I can burn down," according to the note he wrote and which police found at the scene. The note did not give a reason for his actions.


Spengler, who served 18 years in prison for beating his 92-year-old grandmother to death with a hammer in 1981, hid Monday morning in a small ditch beside a tree overlooking the sleepy lakeside street in Webster, N.Y., where he lived with his sister, police said today in a news conference.


Police said they found remains in the house, believed to be that of the sister, Cheryl Spengler, 67.


As firefighters arrived on the scene after a 5:30 a.m. 911 call on the morning of Christmas Eve, Spengler opened fire on them with the Bushmaster, the same semi-automatic, military-style weapon used in the Dec. 14 rampage killing of 20 children in Newtown, Conn.




"This was a clear ambush on first responders… Spengler had armed himself heavily and taken area of cover," said Gerald Pickering, the chief of the Webster Police Department.


Armed with a Smith & Wesson .38 caliber revolver, a Mossman 12-gauge shotgun, and the Bushmaster, Spengler killed two firefighters, and injured two more as well as an off-duty police officer at the scene.


As a convicted felon, Spengler could not legally own a firearm and police are investigating how he obtained the weapons.


One firefighter tried to take cover in his fire engine and was killed with a gunshot through the windshield, Pickering said.


Responding police engaged in a gunfight with Spengler, who ultimately died, likely by a self-inflicted gunshot wound to the head.


As police engaged the gunman, more houses along Lake Ontario were engulfed, ultimately razing seven of them. Some 33 people in adjoining homes were displaced by the fire.


SWAT teams were forced to evacuate residents using armored vehicles.


Police identified the two slain firefighter as Lt. Michael Chiapperini, a 20-year veteran of the Webster Police Department and "lifetime firefighter," according to Pickering, and Tomasz Kaczowka, who also worked as a 911 dispatcher.


Two other firefighters were wounded and remain the intensive care unit at Strong Memorial Hospital in Rochester, N.Y.


Joseph Hofsetter was shot once. He sustained an injury to his pelvis and has "a long road to recovery," said Dr. Nicole A. Stassen, a trauma physician.


The second firefighter, Theodore Scardino, was shot twice and received injuries to his left shoulder and left lung, as well as a knee.



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