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Showing posts from December 10, 2012


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Dear Neighbor, 

         As we move closer to the end of the year, time is also running out to reach an agreement that would avoid a tax increase and drastic across-the-board spending cuts. What we need most right now is for all of us to come together to reach a compromise that puts our nation’s economy and fiscal health first.

         The Simpson-Bowles Plan is still the best path forward to restore fiscal sanity. Earlier this year, I joined just 38 of my colleagues to support legislation that would have put Simpson-Bowles in place. It quite simply is the most balanced approach that has been put forward to make a serious down payment on our national debt.

         Our country has both a spending problem and a revenue problem. Simpson-Bowles would ask everyone to give a little and to give equally. The plan finds savings that are nearly a 1:1 ratio of spending cuts to revenue raisers.


Hillary Clinton: Iran ‘Exports Terrorism’ to Mexico ...

By Penny Starr

December 10, 2012
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Secretary of State Hillary Clinton (AP Photo/Carolyn Kaster)

( – Speaking at the Brookings Institution in Washington, D.C. on Nov. 30, Secretary of State Hillary Clinton said that Iran “exports terrorism” in a global fashion that “stretches from Mexico to Thailand.

“We already know very well that the Iranian regime already exports terrorism, not only to Israel’s doorstep, but across the world,” Clinton said. “If we had a map I could put up there, I could show you what we track and plot on that map.

“The evidence of terrorism, mostly, thankfully, plots foiled or unsuccessful, unfortunately, as in Bulgaria, some that succeeded,” Clinton said. “But those plots, those activities of Iran directly or through their agents, stretches from Mexico to Thailand.”

Clinton said that the United States and other nations around the world should put a stop to Iran’s nuclear ambitions.

“America, Israel and the entire international…


Issue 651

December 10, 2012


Forty-eight hours after Tesco CEO Philip Clarke signalled the UK retailer was likely to quit the US (a move broadly welcomed in the City), a former colleague central to the venture provided a rare glimpse into the personal effect such decisions can have.

"On my way to Cheshunt as an ex-employee," Tim Mason, a Tesco executive of 30 years, wrote on Twitter on Friday afternoon. Mason, who helped lead the retailer's move into the US and became CEO of its Fresh & Easy chain in the market, said a former colleague had "cried" the last time they drove down the road on which Tesco HQ resides. "We will see," Mason, who was also Tesco's chief marketing officer and deputy CEO, added.

News of Mason's exit from Tesco came on Wednesday as the UK's largest retailer announced a "strategic review" of its Fresh & Easy business.

Clarke said Tesco had done "all it could" for Fresh & Easy, which d…


ILA Authorizes Strike at Year End

DECEMBER 10, 2012

International Longshoremen’s Association President Harold Daggett won authorization from ILA delegates to call a strike if a bargaining impasse isn’t settled before the union’s contract expires Dec. 29.

The vote by the ILA’s 200-member wage scale committee moves East and Gulf coast ports closer to their first coastwide strike in 35 years.

Daggett asked the ILA’s 200-member wage scale committee for strike authorization after he delivered a speech accusing United States Maritime Alliance of trying to reverse gains the ILA has made in previous contracts.

The roll call vote in favor of the strike authorization was unanimous, ILA spokesman James McNamara said.

The vote preceded a session today in which employer representatives presented USMX’s proposals to wage scale committee members meeting in Delray Beach, Fla.

Daggett’s speech to ILA delegates reportedly emphasized USMX’s proposal to cap container royalty payments to workers. USMX has propos…

HAITI BRIDGE FINANCING: Waiting for the Mangoes to Ripen ...

December 10, 2012 

| Author: James Obarowski, Haiti Hope Project Manager

Access to credit frees Haitian farmers to sell and invest on their own terms.

Haitian mango farmers like Gardien Saintvil receive the best price for their fruit by selling it when ripe. But Saintvil has a powerful incentive to harvest too early and sacrifice much of the value of his mangoes.

“I often had to choose between selling my mangoes before they are ripe, or selling a goat when the price is low,” said Saintvil, who lives near the city of Hinche in central Haiti. “I’ve always appreciated the value of mango trees, so I try not to sell my mangoes early, but sometimes I had no choice.”

To get mango farmers the cash they need before and during the harvest, TechnoServe and its partners have launched a pilot loan program for farmers who have difficulty accessing credit in Haiti. So far, these loans have benefited more than 1,400 farmers, 57 percent of whom are women.

This loan program is part of the Haiti Hope Project,…

Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion ...

By Jesse Drucker - Dec 10, 2012 12:01 AM ET

Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.

By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.                        

Google Inc. logos are displayed for a photograph. Photographer: Andrew Harrer/Bloomberg

The increase in Google’s revenues routed to Bermuda, disclosed in a Nov. 21 filing by a subsidiary in the Netherlands, could fuel the outrage spreading across Europe and in the U.S. over corporate tax dodging. 

Governments in France, the U.K., Italy and Australia are probing Google’s tax avoidance as they seek to boost revenue during economic doldrums.

Last week, the Europea…


Según Arex

Alemania se ha convertido en un mercado estratégico para los lambayecanos; a diferencia de 2011 cuando sólo se exportó US$ 16 mil 171.29, hoy, el mango registra un crecimiento del 839.23%

Por: Lucy Arias Alarcón

Lambayeque, 10 Diciembre 2012 ( La ratificación del Tratado de Libre Comercio con la Unión Europea permitirá la mayor entrada de productos lambayecanos a dicho bloque. De sus 27 miembros, destaca Alemania, que pese a la crisis económica este año facturó a Lambayeque la suma de US$ 151,866.05 por la compra de 50 mil 664 kg de mangos de la variedad Kent y Edward, cuyo precio promedio fue de $3.00 kg.

Según la responsable de la Unidad de Relaciones Comerciales de AREX Lambayeque, Paola Corvacho Valderrama, afirmó que Alemania se ha convertido en un mercado estratégico para los lambayecanos; a diferencia de 2011 cuando sólo se exportó US$ 16 mil 171.29, hoy, el mango registra un crecimiento del 839.23%.

Otro producto con mayor éxito en su demanda, agrega Corvacho…