BusinessWeek – Is the American system of taxation nearing a watershed moment? It doesn’t seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec. 31, 2010. Now, Washington is scrambling as the deadline looms and the economy sputters.
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Tax Reform: These Small Steps Could Help Deficit, Economy
(BusinessWeek)
A year ago, there were some 160,000 U.S. troops in Iraq. This week marks the end of an enormous withdrawal of American troops to 50,000. Most have been flown out of Iraq, but one brigade, the 4th Stryker Brigade, 2nd Infantry Division, drove from north of Baghdad to the crossing into Kuwait, tracing in reverse the route the U.S. Army took when it invaded Iraq more than seven years ago.
As part of our series of conversations about the drawdown of U.S. forces from Iraq, Morning Edition gets the perspective of a Marine who served two tours there. Reserve Captain Peter Brooks tells Linda Wertheimer he is confident that this is the right time to turn over security to Iraqi forces.
Reuters – General Motors and China’s SAIC Motor Corp (600104.SS) deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO.
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GM and and China’s SAIC deepen ties
(Reuters)
Only weeks after publishing a piece that speculated on a biblical account of a feverish woman cured by Jesus, a journal editor has withdrawn the paper and apologized for running it.
Israel warned Monday it might withdraw from the U.N. panel on the deadly flotilla incident. But by Tuesday evening, Israeli officials confirmed they will continue to participate, but will not allow their soldiers to be interviewed by the world body.
In a speech to veterans in Atlanta, the president is expected to address the progress being made to meet his deadline of drawing down all combat troops in Iraq by the end of the month.
Our earliest ancestors ate a diet of raw food that required immense energy to digest. But once we started eating nutrient-rich meat, our energy-hungry brains began growing and our guts began to shrink. Cooking that food not only made it safer, but also easier to digest.
In a statement, government spokesman Nir Hefetz says the government has reached an agreement with liberal Jewish denominations opposed to the bill. The bill will be withdrawn for six months as the sides try to hammer out an alternative.
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