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Senator: Let's Tax The Rich To Pay For The Afghanistan Quagmire

The Business Insider -- Dear rich people: Here's another burden you'll be expected to shoulder. Bloomberg: Higher-income Americans should be taxed to pay for more troops sent to Afghanistan and NATO should provide half of the new soldiers, said Carl Levin, chairman of the Senate Armed Services Committee. An “additional income tax to the upper brackets, folks earning more than $200,000 or $250,000” a year, cou...     08:23
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Download The Entire Leaked Climate Emails

The Business Insider -- It's now been confirmed that the allegedly leaked emails of top climate scientists are, in which they express some reservations about the info they present to the public, are, in fact, real. If you're interested, you can download the entire, monster .zip file at Wikileaks. Karl Denninger, in his enthusiastic manner (which we mean in a good way), has been going through the emails, and plucking out ...     08:23
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The Output Gap Model: Fatally Flawed

The Business Insider -- Could it be that the fundamental economic indicator that is gospel not only to Goldman Sachs, but to Ben Bernanke in estimating and determining monetary policy, the output gap, provides a flawed reading of the economy? As a reminder, Ben Bernanke has repeatedly expressed little regard for either commodity inflation or US dollar exchange as having an impact on overall US inflation. As Askari and Ho...     08:23
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DEMS GET 60 VOTES ON HEALTHCARE

The Business Insider -- The Democrats just passed a HUGE hurdle in their effort to reform the nation's healthcare system. Arkansas Senator Blance Lambert Lincoln confirmed she would vote to bring the measure to debate on the floor. Ostensibly this is a procedurial vote, but it's actually everything, since one the measure comes for debate, Democrats only need 50 votes, which should be a relatively easy hurdle to come. Rea...     08:23
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Lawsuit Over NFL Seat Licenses Kept Alive, But Barely

The Business Insider -- A legal right to season tickets? A federal judge is allowing a lawsuit brought by a longtime Jets and Giants season-ticket holder protesting the legality of requiring licenses to go to discovery, but only on the limited question of whether the class action plaintiffs have a right to renew their season tickets. NYT: The teams asked the United States District Court in New Jersey to dismissthe class-...     08:23
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