Obama, congressional leaders to meet on fiscal cliff

STORY HIGHLIGHTS

• NEW: GOP Sen. Alexander says a deal will be reached, either now or soon


• President Obama calls congressional leaders to the White House


• Democrats, Republicans trade blame over who is preventing an agreement


• Without an agreement, everyone's taxes go up next week

As the fiscal cliff looms, what's your New Year's message to Washington? Go to CNNiReport to share your video.

Washington (CNN) -- Is it political theater or a true last-ditch effort to avoid the fiscal cliff?

President Barack Obama and congressional leaders will discuss the looming combination of tax hikes and spending cuts at a White House meeting on Friday, as increasingly anxious markets and taxpayers look for any hint of progress.

Diminished hopes for a substantial agreement in Washington again depressed stock indexes on Wall Street despite other encouraging news on the economy. Consumer confidence has also softened due to political inaction.

Economists warn that continued stalemate could trigger recession as taxes go up on everyone with the expiration of lower rates from the administration of President George W. Bush, coupled with slashed government spending, including for the military.

The White House meeting scheduled for 3 p.m. ET will include Obama, Vice President Joe Biden, House Speaker John Boehner, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell.

It comes with the Senate back in town after a Christmas holiday for a rare end-of-year appearance before a new Congress convenes early in the new year. Boehner plans to bring the House back on Sunday.

Reid and McConnell took turns blaming the other side for the impasse on Thursday, but neither seized the chance to offer remarks when the Senate opened on Friday. Other senators expressed opinions on the negotiations ranging from optimism to frustration.

"When the dust settles and everything is said and done, federal individual income taxes are not going to go up on almost all Americans next year," GOP Sen. Lamar Alexander of Tennessee told reporters.

Democratic Sen. Chuck Schumer of New York told NBC's "Today" show he was "a little more optimistic today" about reaching a deal.

"Sometimes it's darkest before the dawn," Schumer said, noting the renewed engagement by McConnell and Boehner, the top congressional Republicans.

"The fact that (Boehner's) come back and the four of them are at the table means to me we could come up with some kind of agreement that would avoid the main parts of the fiscal cliff, particularly taxes going up on middle-class people," he added.

Sen. Olympia Snowe, R-Maine, told CNN's "Starting Point" that a deal must originate from talks between Obama and the four congressional leaders for Americans to regain confidence in the federal government.

"It's got to start with the leaders and the president at the White House this afternoon. Hopefully they'll agree to a framework," said Snowe, who is retiring.

"I hope the speaker can get this job done before the end of this year and not defer it to next year," she continued. "We've got to demonstrate we have some capacity left to make decisions in Washington on these very significant issues for the country."

However, Republican Sen. Bob Corker of Tennessee downplayed the importance of Friday's meeting on CBS "This Morning," saying it "feels too much to me like optics to make it look like we're doing something."

"This is a total dereliction of duty at every level," added Corker, who has called for Republicans to compromise on the central issue of allowing tax rates to increase on top income brackets. "I've been very surprised that the president has not laid out a very specific plan to deal with this, but candidly Congress could have done the same and I think the American people should be disgusted."

He predicted Friday's meeting would result in a "kick-the-can-down the road" solution, meaning larger questions on tax increases and spending cuts would be put off until next year.

On Thursday, McConnell said his side won't "write a blank check for anything Senate Democrats put forward just because we find ourselves at the edge of the cliff."

Reid, however, argued that Republicans undermined a potentially major agreement over the past two years by refusing to compromise on their opposition to higher tax rates for the wealthy. Hours before Friday's meeting was announced, he was doubtful there would be a deal by January 1.

"I don't know, timewise, how it can happen now," Reid said.

The principal dispute continues to be over taxes, specifically the demand by Obama and Democrats to extend most of the tax cuts passed under Bush while allowing higher rates of the 1990s to return on top income brackets.

Obama campaigned for re-election on keeping the current lower tax rates on family income up to $250,000, which he argues would protect 98% of Americans and 97% of small businesses from rates that increase on income above that level.

Republicans oppose any kind of increase in tax rates, and Boehner suffered the political indignity last week of offering a compromise -- a $1 million threshold for the higher rates to kick in -- that his GOP colleagues refused to support because it raised taxes and had no chance of passing the Senate.

Last Friday, the president proposed the scaled-back agreement that included his call for extending tax cuts on households with incomes under $250,000, as well as an extension of unemployment insurance.

Both sides say political concerns undermine a possible agreement.

On Thursday, Reid said Boehner wanted to wait until after the new House re-elects him as speaker early next month before proceeding with a compromise -- one that will need support from both Democrats and Republicans to pass.

Boehner is "more concerned about his speakership than putting the country on firm financial footing," Reid claimed.

In response, Boehner spokesman Michael Steel said Reid should stop talking and instead take up legislation passed by the House to avert the fiscal cliff.

Reid and Democrats reject the GOP proposals, which would extend all the Bush tax cuts and revamp the spending cuts of the fiscal cliff, calling them insufficient and saying they would shift too much deficit reduction burden on the middle class.

One possibility is the fiscal cliff takes effect and taxes go up in January, then Congress steps in to bring tax rates back down for at least some people -- allowing them to say they're lowering taxes, even if rates for top income brackets are higher in 2013 than they were in 2012.

Obama and Democrats have leverage, based on the president's re-election last month and Democratic gains in the House and Senate in the new Congress. In addition, polls consistently show majority support for Obama's position on taxes, and Democrats insist the House would pass the president's plan with Democrats joined by some Republicans if Boehner allowed a vote on it.

However, anti-tax crusader Grover Norquist has vowed to back primary challenges against Republicans who violate his widely signed pledge not to raise taxes. Even if a deal is reached, Norquist predicts budget showdowns will continue every time the government needs more money to operate.

"There the Republicans have a lot of clout because they can say we'll let you run the government for the next month, but you've got to make these reforms," he said this week.

On Wednesday, Treasury Secretary Timothy Geithner told Congress the government would reach its borrowing limit at year's end, but could take steps to create what he called "headroom" for two months or so.

However, Geithner said uncertainty about the fiscal cliff and deficit negotiations make it hard to predict precisely how long government measures to address the situation will last.

The possibility of a fiscal cliff was set in motion over the past two years as a way to force action on mounting government debt.

Now, legislators risk looking politically cynical by seeking to weaken the measures enacted to try to force them to confront tough questions regarding deficit reduction, such as changes to government programs like Social Security, Medicare and Medicaid.

The two sides seemingly had made progress early last week on forging a $2 trillion deficit reduction deal that included new revenue sought by Obama and spending cuts and entitlement changes desired by Boehner.

Obama's latest offer set $400,000 as the income threshold for a tax rate increase, up from his original plan of $250,000. It also had a new formula for the consumer price index -- called chained CPI -- that wraps in new assumptions on consumer habits in response to rising prices, such as seeking cheaper alternatives, and would result in smaller benefit increases.

Statistics supplied by opponents say the change would mean Social Security recipients would get $6,000 less in benefits over the first 15 years of chained CPI. Liberal groups have openly challenged the plan, calling it a betrayal of senior citizens who contributed all their lives for their benefits.

Boehner appeared to move on increased tax revenue, including higher rates on top income brackets and eliminating deductions and loopholes. But his inability to rally all House Republicans behind his plan last week raised questions about his role and what comes next.

What happens to the economy if we go over the cliff?

CNN's Dana Bash, Deirdre Walsh, Ted Barrett, Jessica Yellin and Kevin Liptak contributed to this report.

Read More..

East, Gulf Coast port strike averted, for now

Last Updated 12:15 p.m. ET

NEW YORK The union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike that could have crippled operations at ports that handle about 40 percent of all U.S. container cargo, a federal mediator announced Friday.

The extension came after the union and an alliance of port operators and shipping lines resolved one of the stickier points in their months-long contract negotiations, involving royalty payments made to union members for each container they unload.

Negotiations will continue until at least midnight on Jan. 28. Some important contract issues remain to be resolved, but the head of the Federal Mediation and Conciliation Service, George Cohen, said the agreement on royalties was "a major positive step forward."

"While some significant issues remain in contention, I am cautiously optimistic that they can be resolved in the upcoming 30-day extension period," he said.

The terms of the royalty agreement were not announced.

• Unionized dock workers threaten to strike at 15 ports
• Tentative deal reached to end costly Calif. ports strike

The master contract between the International Longshoremen's Association and the U.S. Maritime Alliance, a group representing shipping lines, terminal operators and port associations, originally expired in September. The two sides agreed to extend it once before, for 90 days, but it had been set to expire again on 12:01 a.m. Sunday.

As recently as Dec. 19, the president of the longshoremen, Harold Daggett, had said a strike was expected.

A work stoppage would have idled shipments of a vast number of consumer products, from electronics to clothing, and kept U.S. manufacturers from getting pars and raw materials delivered easily.

Major ports that would have been frozen included the Port Authority of New York and New Jersey, Savannah, Ga., Houston and Hampton Roads, Va.

Other ports that would have been affected by a strike are Boston; Delaware River; Baltimore; Wilmington, N.C.; Charleston, S.C.; Jacksonville, Fla.; Port Everglades, Fla.; Miami; Tampa, Fla.; Mobile, Ala.; and New Orleans.

The ports handle nearly 50 percent of all ocean-going container shipments to the United States, reports correspondent Anna Werner.

Some estimate a shutdown could cost a billion dollars a day in delayed shipments and lost work along the supply chain.

The Port of Houston - which handles 42 million tons of cargo every year - extended its hours this week to try and get shipments in and out before a strike could bring the port to a standstill.

Read More..

'Mom' Loses Russian Girl Weeks From Adoption

After a roller coaster week, Kendra Skaggs sat down to vent on her blog. She had used that space to document her 13 month journey of adopting a young girl named Polina from Russia. But now, with that dream just weeks away from fulfillment, she described her frustration, fear and anger as she watched it being snatched away.

"I have no control. I'm on the other side of the world and I can't hold and comfort my daughter as I wait to hear if we will forever be separated," she wrote in a passionate entry

Her writing seemed to speak for hundreds of American parents whose hopes of adopting a Russian orphan were dashed today when Russian President Vladimir Putin signed into law a controversial ban on adoptions to the United States. The move is part of Russia's retaliation for a set of human rights sanctions passed by the U.S. Congress and signed by President Obama earlier this month. Critics, including the U.S. State Department, say the adoption ban is playing politics with the lives of children.

Russia is the third most popular country for Americans to adopt from, but in recent years the issue has become a political football in Russia. Americans have adopted over 60,000 Russian children since the fall of the Soviet Union, but Russian officials have seized on the cases of 19 children who died after being adopted by Americans.

Soccer Player Kick-Starts New Career After Viral Video Watch Video

In 2010, a 7-year-old adopted boy named Artyom was put on a plane back to Russia alone by his adoptive mother from Tennessee with little more than a note saying she did not want him anymore. The case touched off a wave of fury in Russia and adoptions to the United States were nearly halted.

The Many Adventures of Vladimir Putin

Just a week ago Kendra and her husband visited Polina at her orphanage outside Moscow. The bubbly 5-year-old suffers from spina bifida, a condition that has left her numb from the waist down and unable to walk. They showed Polina photos of her new bedroom and told her about her new family. They played together, hugged each other, and promised to see each other soon when they returned in January to bring her home to Arkansas.

The adoption ban legislation, meanwhile, had just been introduced by Russian lawmakers. Kendra had hoped their case, which was nearly completed, would sneak in under the wire. She held out hope again after a Moscow court approved her adoption on Monday. All that was needed was a 30 day waiting period before they could bring Polina home.

It appears even that was too late. The law goes into effect on Jan. 1, but Russian officials have said even cases of 52 children who are within weeks of traveling to the United States are now frozen. Authorities have pledged to find new homes for them in Russia.

For the Skaggs family, it is agonizing to be so close to bringing her home, yet so far. Kendra fears Polina will think she was abandoned again.

"It's the fear of what she is going to think, that we forgot her," she said in an interview with ABC News.

"She's out there and I can't take care of her," she said, crying softly. "I can't help her. I can't tell her I love her. So it's really hard."

She also worries what will happen to Polina in Russia, a country with scarce accommodations for the handicapped.

"Russia really isn't set up for people with disabilities. You can't get into the metro even to get around because it's just levels and levels of stairs that you have to go up and down and there's no handicapped access to the buildings," Kendra said.

Read More..

A gunmaker ripe for an ethical takeover

Several .223 caliber rounds near a Bushmaster XM-15; the manufacturer's owner is putting its gun companies up for sale.

STORY HIGHLIGHTS

• The owner of America's largest gunmaker is putting firm up for sale


• John MacIntosh says billionaires should lead effort to acquire the gun manufacturer


• He says they should change corporate practices to discourage violence


• MacIntosh: One leading company could push gun industry in a more ethical direction

Editor's note: John MacIntosh was a partner at Warburg Pincus, a leading global private equity firm, where he worked from 1994 to 2006 in New York, Tokyo and London. He now runs a nonprofit in New York.

(CNN) -- In the 1970s and '80s, when corporate America was plagued with inefficiency, a new class of financially motivated takeover investor emerged to prey on the fattest in the corporate herd and scare the rest into line.

Today, as pockets of corporate America are plagued with immorality, we need a new class of socially motivated takeover investor to prey on the sociopaths in the corporate herd, turn them around and perhaps scare (or shame) others into line.

John MacIntosh

The upcoming sale by Cerberus Capital of the Freedom Group, the largest gun manufacturer in the United States, is a perfect opportunity to usher in this new era of muscular, socially responsible capitalism:

First, Michael Bloomberg, George Soros, David Geffen and the like should establish a nonprofit SPAC (Special-Purpose-Acquisition-Company) called BidForFreedom.org (BFF) with a mission to reduce needless deaths through gun violence in the United States and encourage the passage of sensible gun control regulations.

They should appoint George Clooney, Angelina Jolie and Matt Damon to the fundraising committee and recruit a loud-mouthed, poison-penned, but good-hearted activist hedge fund titan as chief investment officer (Bill Ackman? Dan Loeb?).

Opinion: Forgotten victims of gun violence

To be credible, BFF will probably need to start with at least $250 million in cash and commitments (no problem given the billionaire status of the sponsors) with additional firepower raised as needed from well-heeled individuals, foundations and through a broad-based Internet solicitation to an outraged-by-Newtown public.

Second, BFF should lobby all public pension funds that are part owners of the Freedom Group (by virtue of their investment in Cerberus) to roll their investment into BFF to reduce the need for outside funding, naming and shaming any unwilling public investors.

Newtown shooter's guns

Third, BFF should pay "whatever it takes" to acquire control of the Freedom Group in the upcoming auction by Cerberus (which has a fiduciary obligation to sell to the highest bidder) and then immediately implement a "moral turnaround" plan under which the Freedom Group:

(i) Appoints a high-profile CEO with impeccable credentials as a hunter and/or marksman who is nevertheless in favor of gun-control.

Opinion: Guns endanger more than they protect

(ii) Elects a new board of directors including representatives from the families of victims killed in Newtown (and/or other massacres perpetrated with Freedom Group weapons), military veterans and trauma surgeons with real experience of human-on-human gunfire, and law enforcement and mental health professionals.

(iii) Operates the business as if sensible gun laws were in place (this may turn out to be a wise investment in future-proofing the company): discontinuing sales of the most egregious assault weapons and modifying others as necessary so they cannot take huge-volume clips; offering to buy back all Freedom Group assault weapons in circulation; micro-stamping weapons for easy tracking; and providing price discounts for buyers willing to go through a background check and register in a database available to law enforcement.

(iv) Voluntarily waives its rights to support the NRA and other lobbying groups.

(v) Creates a fund to compensate those who, despite its best efforts, are killed or wounded by its weapons.

(vi) Agrees that if the effort to provide moral leadership in the weapons industry doesn't succeed within a year, BFF should consider corporate euthanasia, even though it entails a risk of allowing more retrograde manufacturers to fill the void in the market left by the then-deceased company.

Opinion: The case for gun rights is stronger than you think

In the face of horrors like Newtown, BFF would recognize that it's time to take a stand by acknowledging the impossibility of reaching closure after such a monstrous act while an unreconstructed Freedom Group continues to sell a huge volume of guns and ammunition rounds each year even if it is operating under new owners.

Like any Trojan Horse strategy, this is a long shot, but it must be tried. History suggests that only after the first company "turns" will an industry gradually return to the realm of the human (think of big tobacco). And without the tacit agreement, if not the outright support, of at least one important insider, policymakers seem utterly unable to pass tough regulations in the face of the predictable, but withering, assault by industry lackeys shrieking that any such regulation would be "impossible, impractical or too expensive."

In the face of a recalcitrant industry, we have to acknowledge that it is only the market for corporate control -- the real possibility that an outsider will take over one of the companies -- that puts limits on the behavior of board members and executives who, while perhaps decent enough in their family lives, display a limitless tolerance for the "banality of evil" at the office.

Opinion: Not man enough? Buy a gun

We must accept that the conventional, kid-gloves approach to socially responsible investing -- divesting shares in "bad" companies that nevertheless continue to exist -- is too weak an instrument to force change and its well-meaning practitioners too soft to enter the fray when emotionally and politically charged battles need to be fought.

And regardless of the viability of socially motivated takeovers in general, the Freedom Group looks like a great target. Cerberus is a motivated seller, the political macros look favorable, and it's a bite-sized company compared with many of the larger sociopaths in the corporate herd.

I'm even cautiously optimistic that the current impasse over gun regulation is a bad-equilibrium that few consumers actually want, and that a reconstructed Freedom Group, fighting for sensible change as a fifth column from within the industry, might well find that many people -- even a significant portion of the NRA's members -- would buy from a truly responsible (and high quality) gun maker if given the chance.

All in all, it's a pretty exciting deal, so if Mike and George are up for it, count me in.

Follow @CNNOpinion on Twitter

Join us at Facebook/CNNOpinion

The opinions expressed in this commentary are solely those of John MacIntosh.

Read More..

Football: Beckham considering several offers

LONDON: David Beckham insists he has no intention of rushing into his next move as the former Manchester United star considers several offers from teams across the world.

Beckham left LA Galaxy earlier this month at the end of his contract after helping the California side win the MLS Cup and is now looking for the right option for what will likely be the last club of his illustrious career.

The 37-year-old former Real Madrid midfielder, who spent five years in LA, has been linked with QPR in England and Monaco in France, as well as teams from China and Australia.

A spokesman for Beckham said the former England captain plans to weigh up his options over the holiday period and isn't concerned about coming to a quick decision.

"There are a number of serious proposals on the table from a host of clubs across the world," the spokesperson said.

"David is no hurry to make a decision, the key is making the right one as he has always done successfully in his career.

"It's early days in the process. David is enjoying spending quality time with his family over the holidays."

It is believed reports in France that Beckham has priced himself out of a move to Monaco are premature.

Monaco, currently second in Ligue 2, are coached by former Chelsea manager Claudio Ranieri, who has previously stated his interest in bringing Beckham to the club and is backed by wealthy Russian owner Dimitri Rybolovlev.

- AFP/ac

Read More..

TV

updated 9:03 AM EST, Thu December 20, 2012

Earlier this month, we asked CNN readers to vote for their favorite TV shows of 2012. To make narrowing it down a little bit easier, we divided up a long list of contenders into three categories: comedies, dramas and reality series. Here's how you voted:

Readers' favorites: Top 15 TV shows of 2012

Comedies: No. 5: 'How I Met Your Mother'

No. 4: 'The Daily Show with Jon Stewart'

No. 3: 'New Girl'

No. 2: 'Modern Family'

No. 1: 'The Big Bang Theory'

Dramas: No. 5: 'Castle'

No. 4: 'Homeland'

No. 3: 'Game of Thrones'

No. 2: 'NCIS'

No. 1: 'The Walking Dead'

Reality series: No. 5: 'Survivor'

No. 4: 'Dancing with the Stars'

No. 3: 'Pawn Stars'

No. 2: 'The Amazing Race'

No. 1: 'The Voice'

<<

<

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

>

>>

Read More..

Free gun training offered to 200 Utah teachers

(CBS/AP) SALT LAKE CITY - Gun rights advocates plan to offer gun training for 200 Utah teachers Thursday, saying that classroom teachers could stop school shootings by carrying concealed weapons.

The Utah Shooting Sports Council said it would waive its $50 fee for concealed-weapons training for the teachers. Instruction featuring plastic guns is set to begin at noon Thursday inside a conference room at Maverick Center, a hockey arena in the Salt Lake City suburb of West Valley.

It's an idea gaining traction in the aftermath of the Connecticut school shooting. In Ohio, the Buckeye Firearms Association said it was launching a test program in tactical firearms training for 24 teachers initially.

Educators say Utah legislators left them with no choice but to accept some guns in schools. State law forbids schools, districts or college campuses from trying to impose their own gun restrictions. Utah is among few states that let people carry licensed concealed weapons into public schools without exception, the National Conference of State Legislatures said in a 2012 compendium of state gun laws.

"Schools are some of the safest places in the world, but I think teachers understand that something has changed -- the sanctity of schools has changed," said Clark Aposhian, chairman of the Utah Shooting Sports Council, the state's leading gun lobby. "Mass shootings may still be rare, but that doesn't help you when the monster comes in."

Gun-rights advocates say teachers can act more quickly than law enforcement in the critical first few minutes to protect children from the kind of shooting that left 20 children and six adults dead Dec. 14 at Sandy Hook Elementary School in Newtown, Conn. In Arizona, Attorney General Tom Horne has proposed amending state law to allow one educator in each school to carry a gun.

"We're not suggesting that teachers roam the halls" for an armed intruder, Aposhian said. "They should lock down the classroom. But a gun is one more option if the shooter" breaks into a classroom.

He said a major emphasis of the safety training is that people facing deadly threats should announce they have a gun and retreat or take cover before trying to shoot.

Utah educators say they would ban guns if they could and have no way of knowing how many teachers are armed. Gun-rights advocates estimate that 1 percent of Utah teachers or 240 are licensed to carry concealed weapons. It's not known how many pack guns at school.

"It's a terrible idea," said Carol Lear, a chief lawyer for the Utah Office of Education, who argues teachers could be overpowered for their guns or misfire or cause an accidental shooting. "It's a horrible, terrible, no-good, rotten idea."

Read More..

At Cliff's Edge, Reid Decries Boehner's 'Dictatorship'

With only five days left before the federal government goes over the fiscal cliff, Senate Majority Leader Harry Reid shattered any pretense of cooperation with Republicans in a scathing speech that targeted House Republicans and particularly Speaker John Boehner.

Reid, D-Nev., spoke on the floor of the Senate as President Obama returned to Washington early from an Hawaiian vacation in what appears to be a dwindling hope for a deal on taxes and spending cuts before the Jan. 1 deadline that will trigger tax increases and sharp spending cuts.

Boehner, however, has not returned to Washington from a Christmas break and has not called the House back into session.

Related: What the average American should know about capital gains and the fiscal cliff.

"We are here in Washington working while the members of the House of Representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. They should be here," Reid said. "I can't imagine their consciences."

House Republicans have balked at a White House deal to raise taxes on couples earning more than $250,000 and even rejected Boehner's proposal that would limit the tax increases to people earning more than $1 million.

Scott J. Ferrell/Congressional Quarterly/Getty Images

George H.W. Bush Hospitalized in ICU After 'Setbacks' Watch Video

President Obama and First Lady Sit Down for Joint Interview Watch Video

"It's obvious what's going on," Reid said while referring to Boehner. "He's waiting until Jan. 3 to get reelected to speaker because he has so many people over there that won't follow what he wants. John Boehner seems to care more about keeping his speakership than keeping the nation on a firm financial footing."

Related: Starbucks enters fiscal cliff fray.

Reid said the House is "being operated with a dictatorship of the speaker" and suggested today that the Republicans should agree to accept the original Senate bill pass in July. Reid's comments, however, made it clear he did not expect that to happen.

"It looks like" the nation will go over the fiscal cliff in just five days, he declared.

"It's not too late for the speaker to take up the Senate-passed bill, but that time is even winding down," Reid said. "So I say to the speaker, take the escape hatch that we've left you. Put the economic fate of the nation ahead of your own fate as Speaker of the House."

Boehner's spokesman Michael Steel reacted to Reid's tirade in an email, writing, "Senator Reid should talk less and legislate more. The House has already passed legislation to avoid the entire fiscal cliff. Senate Democrats have not."

Boehner has said it is now up to the Senate to come up with a deal.

Obama, who landed in Washington late this morning, made a round of calls over the last 24 hours to Reid, Boehner, Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader Nancy Pelosi, D-Calif.

Related: Obama pushes fiscal cliff resolution.

McConnell "is happy to review what the president has in mind, but to date, the Senate Democrat majority has not put forward a plan," McConnell aide Don Stewart said in a statement. "When they do, members on both sides of the aisle will review the legislation and make decisions on how best to proceed."

Jason Peuquet, research director for the Committee for a Responsible Federal Budget, said the conditions for a bipartisan agreement are there.

"Just by the numbers, they're incredibly close," Peuquet told ABC News. "And so it seems pretty crazy that they wouldn't be able to find an agreement."

Read More..

Morsi hails charter as "new dawn for Egypt", targets economy

CAIRO: Egyptian President Mohamed Morsi on Wednesday hailed an Islamist-backed charter he pushed through despite fierce opposition protests as "a new dawn" for his country, and said he would now tackle a teetering economy.

In a televised national address, Morsi said he would reshuffle his government and renewed an offer of dialogue with the largely secular opposition.

But while "mistakes on both sides" occurred as the new charter was drafted and put to a referendum that gave it 64-percent voter support, he remained defiant over the "difficult" decisions he made.

"I only took decisions for God and in the interests of the nation," said Morsi, who hails from Egypt's Muslim Brotherhood.

The result, he contended, holding up the constitution, would cap nearly two years of turmoil since the overthrow of Hosni Mubarak in February 2011, and allow Egypt to enter "an era with greater security and stability."

It was "a new dawn for Egypt," he said.

The opposition, however, has already dismissed the new charter and said it would fight on, challenging its legitimacy and positioning itself for legislative elections that are due within the next two months.

The head of the opposition National Salvation Front, Nobel peace prize laureate Mohamed ElBaradei tweeted that the constitution was "void" because it conflicts with international law in regard to "freedom of belief, expression, etc".

The Front sees the charter as a possible tool to introduce strict Islamic sharia law by weakening human rights, the rights of women and the independence of the judiciary.

It also stressed that just one in three of Egypt's 52 million voters took part in the referendum.

Protests against the charter, and against a decree -- later rescinded -- giving Morsi near-absolute powers, have taken place since late November. Some of them turned violent, including clashes on December 5 that killed eight people and wounded hundreds.

The likelihood of prolonged "elevated" political conflict despite the adoption of the constitution prompted the ratings agency Standard and Poor's this week to knock Egypt's long-term credit rating down a peg, to 'B-'.

A $4.8 billion loan the International Monetary Fund put on pause this month has also made investors anxious, and raised the risk of Egypt's currency going into a nose-dive as the central bank burns through its foreign reserves.

Authorities have already banned travellers from taking out or bringing in more than $10,000 each.

Tourism, a mainstay of the economy, has also not recovered from a 32 percent decline that happened when the early 2011 revolution erupted to oust Mubarak.

Morsi said in his speech that "I will deploy all my efforts to boost the Egyptian economy, which faces enormous challenges but has also big opportunities for growth."

He was in consultations with Prime Minister Hisham Qandil on the ministerial reshuffle as part of "the changes necessary for this task."

Morsi argued that the new constitution will allow Egypt to enter "an era with greater security and stability" and vowed to promote "growth, progress and social justice."

The United States, which gives $1.3 billion a year to Egypt's influential military, has called on Morsi to work to "bridge divisions" with the largely secular opposition.

"We have consistently supported the principle that democracy requires much more than simple majority rule," acting State Department spokesman Patrick Ventrell said in a statement on Tuesday.

-AFP/ac

Read More..

Decluttering before the New Year

Time off work during the holidays is a perfect time to tidy up your home and work spaces to start the New Year right.

STORY HIGHLIGHTS

• Do your New Year's resolutions include a push to clean up? Here are some tips to start


• Being organized is about being in control, says professional organizer Susan Fleischman


• Cleaning clutter can eliminate the need to buy what you simply can't find

(CNN) -- Whatever other resolutions we make leading up to the New Year -- to call Mom more often, lay off the late-night snacks -- getting ourselves organized is likely near the top of the list. And that often means clearing out the clutter that keeps us from functioning efficiently, whether we're at work or at home.

Many employees -- whether they go to actual offices or do their jobs from home -- find the last week of the calendar year is ideal for sorting through e-mails, clearing their desks, and reorganizing their work spaces. Sorting through stuff is rarely fun, but those who tackle it now will find themselves a step ahead when their now-vacationing colleagues and clients come staggering back after the holidays.

According to the National Association of Professional Organizers, which sponsors the annual "Get Organized Month" each January to help folks take control of their time, tasks and possessions, 83% of members polled say that "paper organization" ranks highest on their individual and corporate clients' to-do lists. For people taking time off between Christmas and New Year's, this week offers a chance to get things in order before 2013 arrives.

Devoting time to both physically and mentally clearing out the "old" and embracing the "new" is about more than just getting rid of stuff. Being organized is really about being in control, says Susan Fleischman, a Chicago-based professional organizer, home stager and founder of clutterfree.

"As joyous as the holidays can be, the period between Thanksgiving and New Year's is probably one of the most stressful of the year for people," she says. That's why spending the week after Christmas decluttering "really helps you recover and detox from the hustle and bustle of the holidays.

"It's very symbolic -- we're ramping up to the ultimate do-over. We all get to turn the calendar page and make a fresh start."

For those at work, says Fleischman, "the phone stops ringing, there are fewer meetings. Real work probably comes to a screeching halt. There are far fewer reasons to keep letting getting organized fall to the bottom of the to-do list." And these days, when employees often feel compelled to work harder and longer, being organized can be a real competitive advantage.

NAPO Industry Member Director Mary Dykstra says that on average, Americans waste time amounting to between six and 12 weeks a year searching for things in their offices and homes. "Just imagine if you could get out from under that clutter and spend that time helping your company build their business and ultimately, your career," says Fleischman, who was a public relations and marketing executive before launching her professional organizing business.

"Every minute counts when it comes to impressing the boss, your colleagues and clients. At work, we strive to project that we're knowledgeable, in control and experts. We're constantly accessing, sharing, reacting to information. Being able to put your hands on the information or generate some information means the better you'll be able to rise to the top and have clarity of thought and creativity, and maximize productivity."

But what about moving from work to the home front? Cynthia Ewer, the Washington state-based editor of OrganizedHome.com and the author of "The Complete Idiot's Guide to Getting Organized Fast-Track," suggests we use this in-between-holidays week to step back and reflect on our habits and how well they're working for us at home.

It's important to remember, says Ewer, that "there are different personality types. "Organized" is what works for you. There are filers -- people who love folders. They want the serenity of knowing where things are. Pilers like to keep their eyes on their stuff. Deniers have bags of paperwork shoved into closets. Instead of using a "What-does-it-look-like?" yardstick, it's a "How-will-it-work?" question. Know yourself, and come up with solutions that reflect who you are, she says.

After all, she says, " 'It's here somewhere' is the most frustrating phrase in the English language."

Cutting clutter also can boost the bottom line. "How many times do you go to the store and buy the things you couldn't find?" asks Fleischman. But cleaning up and cleaning out also can generate money, says Ewer.

"It can be a real fun process to turn your clutter into cash."

Nab tax deductions by donating cleared-out items to nonprofit organizations. Declutterers can send usable books, DVDs, video games, and music to third-party merchants in exchange for gift cards through the Amazon Trade-In Program. Even computer manufacturers like Apple offer gift cards to customers who send in an old iPhone, iPad, or computer for reuse or recycling if those devices still have monetary value.

"Leading an orderly life is about saving time, saving money, reducing stress," says Fleischman, who also blogs about organizing tips and clutter makeovers. "And that's energy you can spend on leisure pursuits, which is very important to emotional well-being."

Some tips for cutting through the workplace and home clutter this holiday week:

• Stockpile your supplies. Fleischman advises making sure you've got the right trash bins, shredders, file folders and markers at your fingertips before you start sorting and tossing.
• Take it a zone at a time. Your office, home and car didn't become a mess overnight, so declutter in increments. Fleischman suggests starting with desktops, then floors, then moving on to file cabinets and bookcases.
• Go from horizontal to vertical piles. If you're purging papers, clear those piles from your desk and the floor by placing newly sorted files in a cabinet or an upright vertical file. This way, your eyes can quickly scan and identify what you need at a glance.
• Free up the fridge. "Get the ghosts of Christmas past out of there -- all those little cans of this and that, the beef sticks from the gift basket no one can bear to throw out," says Ewer. Besides, this clean-up also will save you some calories.
• Be realistic. If you really write out bills at the kitchen table and not in the home office, says Ewer, get yourself a wheeled cart you can roll where the work gets done. If your kids' toys actually live in the family room -- not in the bedroom toy box -- create a storage solution there.

"Look at your patterns of living and organize yourself accordingly."

Read More..