What Happens If We Go Over the Fiscal Cliff?

America is swiftly approaching the fiscal cliff.President Obama and congressional leaders have talked for weeks with varying degrees of frequency and success at compromising, and one precept resonates throughout the public statements of politicians and economists: the so-called "fiscal cliff" would be a very bad thing.But what actually happens if Washington takes us over it?As has...

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From partisan perspective, ‘cliff’ may not be that scary

To many Americans, what’s going on in Washington looks like a circus show that isn’t the least bit entertaining — the nation’s leaders seemingly unable to come up with a deal that keeps most people from paying higher taxes. But there is a logic to it. For all the posturing of the last few weeks, both sides see a measure of political upside in going over the “fiscal cliff” — or, at the...

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Nine dead after bus careens into Oregon ravine

LOS ANGELES: A Canada-bound bus crashed through a guard rail on an icy road in Oregon on Sunday and careened into a ravine, killing at least nine people and injuring at least 18 others, state police said.The bus fell a couple hundred feet before stopping, Oregon State Police said on its website, adding that the chartered bus was reportedly heading home to Vancouver, Canada from Las Vegas,...

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Castrate all rapists, says Zubin Mehta

BEIJING: World famous composer of Indian origin, Zubin Mehta, called for castration of all accused in the Delhi gang-rape case and others found committing the rape in India. He expressed excitement about the protests against the gang-rape of Nirbhaya and expects positive changes to come out of it. "I am fuming, but I see a very healthy sign of public objection, public demonstration. I hope it will...

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How to Banish That New Year's Eve Hangover

For those of us who enjoy the occasional cocktail, the holiday season would be incomplete without certain treats of the liquid variety. Some look forward to the creamy charms of rum-laced eggnog; others anticipate cupfuls of high-octane punch or mugs of warm, spiced wine.No matter what's in your glass, raising one as the year winds down is tradition. What could be more festive? The problem...

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Hillary Clinton Hospitalized With Blood Clot

Dec 30, 2012 8:11pm (MICHAL CIZEK/AFP/Getty Images)Secretary Hillary Clinton was hospitalized today after a doctors doing a follow-up exam discovered a blood clot had formed, stemming from the concussion she sustained several weeks ago.She is being treated with anti-coagulants and is at NewYork-Presbyterian Hospital so that they can monitor the medication over the...

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Agreement within reach on ‘fiscal cliff’ deal, officials say

President Obama and Senate leaders were on the verge of an agreement Friday that would let taxes rise on the wealthiest households while protecting the vast majority of Americans from historic tax hikes set to hit in January. The development marked a breakthrough after weeks of paralysis. After meeting with Obama at the White House, Senate Majority Leader Harry M. Reid (D-Nev.) and Minority...

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Old rites for New Year

PARIS: As the clock strikes 12 on Monday, millions will pop champagne corks and light fireworks while others indulge in quirkier New Year's rituals like melting lead, leaping off chairs or gobbling grapes.One of the world's oldest shared traditions, New Year's celebrations take many forms, but most cultures have one thing in common -- letting one's hair down after a long, hard year.For...

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Short-tenure appointments to top security posts raise eyebrows

NEW DELHI: A flurry of senior postings in paramilitary, intelligence and home ministry have raised more than a few eyebrows as appointments to key jobs fail to keep in view the need to provide incumbents at least a year in their assignments. The shift of Ajay Chadha, who was special secretary (internal security) in the home ministry, as Indo-Tibetan Border Police chief seems puzzling as he was...

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How to Banish That New Year's Eve Hangover

For those of us who enjoy the occasional cocktail, the holiday season would be incomplete without certain treats of the liquid variety. Some look forward to the creamy charms of rum-laced eggnog; others anticipate cupfuls of high-octane punch or mugs of warm, spiced wine.No matter what's in your glass, raising one as the year winds down is tradition. What could be more festive? The problem...

Read More..