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Biodun@bbcnews.com
Tuesday, 7 December 2010
BREAKING NEWS ALERT: U.S. Ends Push to Renew Israeli Freeze on Settlements
Topic: israeli-palestinian conflict, na by Nasra Ismail and Biodun Iginla, BBC News. Nasra reported from Jerusalem. After three weeks of negotiating with the Israeli government,
Posted by biginla
at 10:41 PM GMT
BREAKING NEWS ALERT: Elizabeth Edwards Dies of Cancer at 61, Family Says
Topic: elizabeth edwards, bbc news
by Biodun Iginla, BBC News (Personal Note: I knew Elizabeth Edwards briefly when I was writing for FireDogLake in 2008, when she was still married to John Edwards. It goes without saying that we will all miss her terribly. May she find the peace that eluded her during her last few years on earth.) Elizabeth Edwards, who as the wife of former Senator John
Posted by biginla
at 10:27 PM GMT
Austerity delayed
Topic: us economy, us senate, us congre by Judith Stein and Biodun Iginla, BBC News and the Economist Dec 7th 2010, 3:11 | WASHINGTON FOR a brief interlude after the mid-terms Americans seemed seduced by the siren song of Germanic austerity. Feeble economy or no, the talk was all of rising taxes, pay freezes and spending cuts. Austerity will have to wait for its turn in the limelight. On Monday Barack Obama and Republican and Democratic leaders in Congress struck a deal on a massive new package of stimulus and tax cut extensions, worth some $800 billion (around 5% of GDP). Though it must still pass the parties’ respective caucuses, this is good news for the economy: the prospect of inadvertent fiscal tightening was the biggest cloud hanging over the 2011 outlook. But it’s a political setback for Mr Obama who gave up more than Republicans did, and worse news for those who had hoped such stimulus would be coupled with a serious medium-term deficit reduction package. The package comes in two parts. The first is an extension of all of George Bush’s tax cuts for the next two years. Mr Obama acquiesced to an extension for the upper 2%, bowing to the reality that he did not have 60 votes in the Senate to extend only the cuts for the lower 98%. Tax credits for child care, education and for low-income wage earners are also extended. The second part is an injection of short-term fiscal steroids: a two-percentage point cut in the Social Security payroll tax for workers for one year, worth $120 billion (that’s double what Mr Obama’s “making work pay” credit was worth), one year of complete expensing of business equipment, worth $200 billion, and a 13-month extension of emergency unemployment insurance benefits. A senior administration official says the result is even more stimulus for the economy than Mr Obama had planned in last February’s budget. Fiscal policy goes from being a source of drag on the economy to a source of stimulus next year, he figures. “This is a much better deal for the near term economy than what we put in the budget, and what passed the House last week. The combination of unemployment insurance, business expensing, the payroll tax holiday and [refundable tax credits] is very high impact.” While the stimulative boost is probably worth some $800 billion, or roughly 5% of GDP, the 10-year cost is lower largely because tax deferred by accelerated business investment expensing will eventually be paid. Economists had generally projected growth next year at only 2.5%, and the biggest risk to that already tepid outlook had been the prospect that some or all of Mr Bush’s tax cuts would expire at the same time as much of Mr Obama’s temporary stimulus. Tonight’s deal is likely to lead to a round of upward revisions. Last week Goldman Sachs raised its forecast for growth next year in part because of the prospect of a deal on taxes. Politically, it’s hard to see this as anything but a loss for Mr Obama. First, he vowed not to extend the tax cuts for the rich, then sought to extend them only temporarily while making the rest permanent. Republicans forced him to retreat on both counts. They also put all other legislation, including the START nuclear arms treaty, on hold until the tax issue was finished. (The administration official disputed this interpretation, noting that a stronger economy in the next year or two works against Republican hopes of denying Mr Obama a second term.) Mr Obama’s remarks last night had not a single kind word for Republicans, with every concession to their position acknowledged through clenched teeth. It is also a depressing reminder that for all the talk of a new era of austerity in America, politicians here still find it easier to give money away than to take it back. To the extent that Mr Obama is able to spin this as a victory, it's through his use of tax cuts for the wealthy as a means to obtain bigger short-term stimulus. Thoughtful economists, including those advising Mr Obama, think the ideal fiscal package would couple short-term stimulus with medium-term consolidation. We got the first in spades tonight, but there is still no sign of the second. The cold shoulder that most elected officials gave to the Simpson-Bowles deficit commission last week is evidence enough that austerity’s appeal remains mostly theoretical. Optimists think there might be an opportunity to hammer out some sort of medium-term package in the coming months: Mr Obama’s state-of-the-union speech, his budget in February, and the imminent need to raise the statutory ceiling on how much debt the Treasury may issue could all provide the setting. There is potential common ground between Republicans and Mr Obama on tax reform, Social Security, and on rules limiting discretionary spending. But administering such bitter medicine usually requires a helping of sugar, and now that both Mr Obama’s and the Republicans’ near-term priorities have been satisfied, most of the sugar is gone. A debt crisis has never been likely for America, much less imminent. But it looks to me that while the odds remain low, they went up tonight. By putting off the expiration of the tax cuts to the month after the next presidential election, the negotiators have again set us up for another nail-biting collision between the economic and political calendars. Hopefully the markets will remain as tolerant as they have so far. (Photo credit: AFP)
Posted by biginla
at 8:59 PM GMT
It never ends
Topic: tsa (travel security administrat by Suzanne Gould and Biodun Iginla, BBC News and The Economist Dec 6th 2010, 23:30 | WASHINGTON, DC THIS, via former Economist blogger Megan McArdle, is remarkable: tl;dw?: 30-year-old new mom follows all of the Transportation Security Administration's rules about bringing breast milk on planes, and even prints out the rules and brings them with her, but TSA harasses her anyway. She missed her plane, of course. Roger Ebert, of all people, is in contact with someone who claims to be Stacey Armato, the woman in the video. He has more at his blog. As Hot Air's Howard Portnoy points out, this story isn't going away. The Christmas/New Year travel period will bring a whole new set of videos, stories, and complaints about how the airport security treats people. The TSA wants you to know that not all of the horror stories are true. But a lot of them are—and the fact that people are going to the trouble of inventing TSA horror stories and emailing them around suggests that the "terrible airport security experience" yarn has become an indelible part of the culture. As the New York Times' David Carr noted in an excellent column, the TSA story hits all the right notes. If I had to guess, I'd say the "tale of the mistreated airline passenger" becomes the next decade's version of the "bus plunge" story. Neither a bus crash nor someone being hassled by airport security is an unusual or particularly noteworthy event—they're both sort of "dog bites man." But they're both stories that media will report anyway because the stories are so easy to find and reporters know readers will be interested regardless, because people identify with the victims (lots of people have been on scary bus rides, or hassled in airport security). Readers' commentsThe Economist welcomes your views. Please stay on topic and be respectful of other readers.Review our comments policy.
Posted by biginla
at 7:42 PM GMT
BREAKING NEWS ALERT: Clinton Blasts 'Deeply Distressing' Leak of Key Sites
Topic: wikileaks, bbc news, biodun igin by Melissa Gruz, BBC News US Desk, for the BBC's Biodun Iginla
WASHINGTON — Secretary of State Hillary Clinton regretted the "deeply distressing" release of a secret list of key infrastructure sites that could threaten U.S. security if hit by terror strikes. "I will underscore that this theft of U.S. government information and its publication without regard for the consequences is deeply distressing," Clinton said as she briefed reporters with Japan and South Korea's top diplomats.
Posted by biginla
at 5:52 PM GMT
NEWSNIGHT - Tuesday 7 December 2010 at 10.30pm on BBC 2NEWSNIGHT - Tuesday 7 December 2010 at 10.30pm on BBC 2
Topic: bbc 2, biodun iginla ============================================================ ============================================================ ------------------------------------------------------------ Presented by Kirsty Wark ------------------------------------------------------------ Hi Biodun!!!-- Tonight we can promise excitement aplenty. Is Wikileaks a lot bigger and more powerful than Julian Assange? Amidst extraordinary scenes he was finally arrested and remanded in custody today in connection with allegations of rape and sexual molestation in Sweden - allegations he denies. There will be a full extradition hearing on December 14th. High profile supporters - Jemima Khan, John Pilger, Ken Loach - were in court today offering to stand bail. The argument was made in court that Mr Assange might fall prey to unstable characters. Richard Watson is investigating as I write. And there'll be more Wikileaks revelations tonight including information on the release of the Lockerbie bomber. Will they reignite the controversy about the release of Abdelbaset Ali al-Megrahi and the issue of business links with Libya? Are the Liberal Democrats in big trouble ahead of Thursday's vote on tuition fees? Following a BBC ring-round of MPs it is clear that some will defy the leadership's exhortation to support the government. Lib Dem MPs are meeting tonight at Westminster and we will have the latest. Are we about to witness the first big crack in the Coalition? And we have a fascinating film from Yemen, following a Muslim televangelist's quest to de-radicalise a country in the grip of al-Qaeda. I hope you'll be watching, Kirsty ------------------------------------------------------------ To make changes or cancel your newsletter visit: http://www.bbc.co.uk/email/newsnight To sign up for other newsletters or the personalised BBC Daily E-mail visit: http://www.bbc.co.uk/email If you have an editorial related comment, e-mail mailto:newsnight@bbc.co.uk?subject=email Problems with links? For help with this service visit: http://www.bbc.co.uk/email/help If you are experiencing technical difficulties not covered by the FAQs, e-mail mailto:dailyemail@bbc.co.uk Copyright BBC
Posted by biginla
at 5:40 PM GMT
MediaBistro News Feed by Biodun Iginla, BBC News and MediaBistro
Topic: media, mediabistro, bbc news
Hey, learn how to use Facebook to expand your career instead of kill time at lunch in our Intro to Social Media online course starting December 7. new from mediabistro.comPersonal Essay Markets, Part III Create Your Own Website Using Wordpress - December 11 in New York Click here to receive mediabistro.com's Morning Media Newsfeed via email.
WikiLeaks Founder Julian Assange Arrested In London(Mashable) Some News Outlets Stop Calling WikiLeaks A 'Whistle-Blower' (Yahoo! / The Cutline) Why A Day Of Tumblr Down Time Matters To The Entire Web And World (ReadWriteWeb) advertisement
The Sidney Hillman Foundation is now accepting nominations and submissions for the 2011 Hillman Prizes, honoring investigative journalism that fosters social and economic justice. Categories include: books (non-fiction), reporting in newspaper, magazine, and online (including blogs), film and broadcast journalism (includes television and radio), and photojournalism. Click here for more information and to make a nomination.
NY Times, B&C Editorialize On Comcast-NBCU Merger As The Process Nears Its End (TVNewser) With the proposed merger between Comcast and NBC Universal entering its final stages, The New York Times and Broadcasting & Cable have weighed in on the deal in dueling editorials. B&C said the Department of Justice and Federal Communications Commission ought to get going and approve the deal. In an editorial yesterday, the NYT took a decidedly different position: "Regulators do not need to rush. The combined company would have the ability, and the incentive, to hamstring online innovation."
Which TV Channels Can't Cord-Cutters Live Without? (paidContent) Did Gawker's Attack On Barry Diller Go Too Far? (Forbes) mediabistro.com featured jobs Digital Business Manager Art Director or Copywriter/AD Team Trade Magazine Publisher Tina Brown Consults Ciro Scotti On Beast Transition (Mediaweek) The Newsweek-Daily Beast merger isn't final yet, but editor Tina Brown is moving forward, tapping longtime Bloomberg Businessweek managing director Ciro Scotti to consult during the transition. It's unclear how long his gig will last; the deal, announced Nov. 12, is expected to close in late December, but no official date has been set. His hire isn't a formal one, but his role appears to be a critical one. Washington Post Watching Online Pay Experiments (AFP) The Messy Falling Out Between The AP And iCopyright (paidContent) advertisement
Harvard University Extension School Make a mark on the world with words and learn to compete in the era of online journalism and the 24-hour news cycle. Our part-time writing, media, and journalism courses and graduate program offer a challenging curriculum for experienced writers and editors who want to gain a professional edge and for those looking to break into the field. Visit http://www.extension.harvard.edu/journalism.
How Online Reading Habits Have Changed Over 2010 (ReadWriteWeb) One of the more subtle trends of 2010 has been the way that people's reading habits have changed due to a convergence of other Web trends: mobile apps, real-time Web (mostly Twitter), and social networking as a way to track news (mostly Facebook). In the previous era of the Web, the so-called Web 2.0, RSS readers and start pages were all the rage. Over 2010, though, more people used tools like Twitter, Facebook, Instapaper, Flipboard, LazyWeb, and Feedly to track news.
Newsday Redesigns Web Site, Offers Free Access Through Jan. 7 (Poynter / Romenesko) Dexter Filkins Leaves The New York Times For The New Yorker (WWD) advertisement
We are seeking fellowship applications from journalists writing or broadcasting in a variety of beats to submit project/research ideas based on the major theme of the CMCJ/H.F. Guggenheim symposium: the role courts play in the criminal justice system. Applications will consist of a 150-word biography + a 300-word project pitch + supporting letter from editor. Journalists can access applications, contest rules and contact information at www.jjay.cuny.edu/cmcj.
Give Patch A Chance (AJR) When is a company hiring 500 journalists in a year a bad thing for journalism? According to some, it's when that company is Aol. One key difference between Patch and others in the hyperlocal space is Patch's decision to invest in locally based reporters producing original content, rather than relying on aggregation. That sounds like something journalists would get behind, but as Patch has swept through small towns across the country, a litany of complaints and allegations has followed.
Elisabeth Hasselbeck Wins Plagiarism Lawsuit (HuffPost) 'Digital Death' Campaign Raises $1M; Celebs Allowed Back On Twitter (TheWrap)
Create Your Own Website Using Wordpress! In just one weekend, you'll learn how to create your own Web page using Photoshop and Wordpress, one of the Web's most popular and robust content management systems. Instructor Duy Linh Tu coordinates the New Media Program at the Columbia University Graduate School of Journalism. Saturday, December 11 & Sunday, December 12 - NYC. Space is limited. Click to learn more.
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Posted by biginla
at 4:48 PM GMT
France 24 Newsletter by Biodun Iginla, BBC News, The Economist, France 24
Topic: france24, bbc news, biodun iginl
Posted by biginla
at 1:14 PM GMT
DailyMe World News by Biodun Iginla, BBC News and The Economist, London, UK
Topic: bbc news, biodun iginla, the eco WikiLeaks founder Julian Assange arrested in UKASSOCIATED PRESS | 0 comments LONDON — WikiLeaks founder Julian Assange surrendered to London police Tuesday as part of a Swedish sex-crimes investigation, the latest blow to an organization that faces legal, financial and technological challenges after releasing...Read more FOCUS ON:
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Posted by biginla
at 1:03 PM GMT
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