Lines of communication remain open in an effort to avert the automatic tax hikes and spending cuts known as the "fiscal cliff," according to the White House and House Speaker John Boehner.
If no deal is reached between now and the end of the year, would the consequences be that drastic?
To answer that question, let's imagine it's January and the nation has gone off the "fiscal cliff." You don't really feel any different and things don't look different, either. That's because, according to former congressional budget staffer Stan Collender, the cliff isn't really a cliff.
Earlier this year, Oprah Winfrey announced an updated version of her popular book club, this time called Book Club 2.0. Her first pick, Cheryl Strayed's memoir Wild, experienced best-seller list success thanks to what some people are calling the "Oprah bump." And last week Winfrey announced her second pick, a novel called The Twelve Tribes of Hattie by Ayana Mathis, a first-time author.
Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.
It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.
By the year 2030, for the first time in history, a majority of the world's population will be out of poverty. Middle classes will be the most important social and economic sector. Asia will enjoy the global power status it last had in the Middle Ages, while the 350-year rise of the West will be largely reversed. Global leadership may be shared, and the world is likely to be democratizing.
Originally published on Mon December 17, 2012 10:43 am
The three members of Leagues — singer Thad Cockrell, guitarist Tyler Burkum and drummer Jeremy Lutito — have been known to say that they're inspired not by artists, but by specific songs. That intense focus on individual tracks is clearly put to work on Leagues' debut album, You Belong Here. There's a cohesive sound to the record as a whole, but it sounds like the band deliberately pushed for each song to stand on its own. As a result, the album plays like a collection of singles, each track as catchy as the next.