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******* - The university math students heard the crash, saw the smoke and knew they had to act quickly. A motorcyclist had just collided with a car and was pinned beneath the flaming, twisted metal wreckage. Disregarding their own safety, they rushed to the street and lined up with more than half a dozen others on one side of the car. Within moments, they managed to lift the roughly 1,800-kilogram car just high enough for one rescuer to pull Brandon Wright to safety. "The danger? I didn't think about it for a minute," said James Odei, 35, a doctoral candidate from Ghana who is studying statistics. "All I wanted to do was grab that car and raise it." For their actions, the rescuers are being called "heroes" and "angels" -- their few minutes of heroism were captured on video that has gone viral on the Internet. The man they saved -- the 21-year-old Utah State University student -- is grateful. "I'm just very thankful for everyone that helped me out," Wright told The Associated Press by telephone from his hospital bed. "They saved my life." Help others succeed! Visit *******
14 Sep 2011
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******* - HORRIBLE! A vintage World War II-era fighter plane plunged into the grandstands Friday during a popular annual air show, killing at least three people, injuring more than 50 spectators and creating a horrific scene strewn with body parts and smoking debris. Stephanie Kruse, a spokeswoman for the Regional Emergency Medical Service Authority, told The Associated Press that emergency crews took a total of 56 injury victims to three hospitals. She said they also observed a number of people being transported by private vehicle, which they are not including in their count. Kruse said of the total 56, at the time of transport, 15 were considered in critical condition, 13 were serious condition with potentially life-threatening injuries and 28 were non-serious or non-life threatening. "This is a very large incident, probably one of the largest this community has seen in decades," Kruse told The Associated Press. "The community is pulling together to try to deal with the scope of it. The hospitals have certainly geared up and staffed up to deal with it." Reno Air Races President and CEO Mike Houghton said at a news conference that pilot Jimmy Leeward of Ocala, Fla., died in the crash Friday after apparently losing control of the aircraft. Be prepared! Get a $1500 No Fax Payday loan in 1 hour at ==> *******
17 Sep 2011
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BY STEFANIE REDDING ANCHORED BY BRICE SNADER Sir Paul McCartney’s band days are behind him. And now-- he’s moving on to the ballet. Here’s ABC. “Paul McCartney can scratch ballet off his bucket list. Sir Paul composed the music for the ballet ‘Oceans Kingdom,’ which premiered here in New York City Thursday.The former Beatle talked exclusive with the BBC on why he tackled a ballet. PAUL MCCARTNEY: ‘The great thing is I don’t know much about ballet so I come to this with an open mind … I was just interested in doing something that I’ve never done before.’” The ballet “Ocean’s Kingdom” sounds a bit like the Little Mermaid -- an ocean-dwelling princess falls in love with a land-dwelling prince. McCartney kept the ballet all-in-th-family having daughter, Stella, design the costumes. Stella tells the BBC it was a “collaborative effort” between the music, choreography and costumes. STELLA MCCARTNEY: “My role was to design the costumes and to tell the storyline because there is a clear storyline. So for me I had to try and do that and try to fit that with the needs of athletes, essentially.” But critics panned Stella’s designs. A writer for the Associated Press compared the ensembles to creations from a “child's spinning paint game” -- and a New York Times reporter adds... “Several of Ms. McCartney’s costumes evoke bygone trends from Carnaby Street in London. The entertainers wear luridly iridescent costumes and clownishly fluffy wigs... No dancer is made to look any lovelier by this apparel.” The choreography also took a beating from critics, too. LA Times writer James C. Taylor argues the show needs some help. “Give McCartney credit -- his music does manage to convey the setting and underscore the action. If only the action was worth watching. Peter Martins' dances are not just forgettable, they're boring. There's running around in circles and cheerleader-style symmetry that looks as if the choreographer were setting the piece on student dancers -- not one of the finest companies in the world.” A reporter for The Star-Ledger agrees the choreography and costumes were not up to par, but believes it could all come together for Sir Paul. “...inviting McCartney into the house was an excellent idea. Perhaps what the ballet world needs most today is an unpretentious musical craftsman who can supply charming melodies and danceable rhythms for fairy tale scenarios that obliquely address modern concerns, like the threat to the world’s oceans, or at least engage real, human emotions.” Stick with Newsy for all your entertainment news-- and don’t forget to follow us on Twitter NewsyVideos.
26 Sep 2011
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BY STEVEN SPARKMAN You're watching multisource U.S. video news analysis from Newsy. Negotiations between the U.S. and Iraqi governments have apparently hit a wall over an agreement to leave some American troops in Iraq. Saturday, reports said there’s no getting around the December 31st deadline. (Video: MSNBC) “And according to the Associated Press, the White House has decided to remove all U.S. troops from Iraq at the end of the year with the exception of those needed to guard the embassy. The Pentagon had considered leaving 5,000 troops in the country.” The White House responded to the report, saying it simply wasn’t true. Fox News has comments from National Security Council spokesperson Tommy Vietor saying -- there’s still plenty of room for the countries to negotiate. “President Obama has repeatedly made it clear we’re committed to keeping our agreement with the Iraqi government to remove all of our troops by the end of this year. At the same time, we’re building a comprehensive partnership with Iraq under the Strategic Framework Agreement, including a robust security relationship, and discussions with the Iraqis about the nature of that relationship are ongoing.” The major sticking point between the two governments is immunity for U.S. troops from Iraqi law. A columnist for Al Arabiya writes, the U.S. government insists troops be given immunity, but the Iraqis see things differently. “Iraq says that there is no need for such immunity since the trainers would be operating only within the bases. The conflicting positions have given rise to concerns that the U.S. intends to use ‘the trainers’ as combat soldiers whenever it deems fit and the Baghdad government would have no say in the issue.” There are some possible tactics the two governments can use to keep a U.S. training force in the country, including starting a brand new strategic agreement. But a writer for Slate says, it may not make much of a difference. “...of course, even without actual troops, U.S. presence in Iraq will remain large. Hundreds of American civil contracts will still be going to Iraq for training programs and the U.S. Embassy in Baghdad is the largest in the world.”
18 Oct 2011
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Tragedia lirica in due atti Dopo l'anteprima che ha avuto luogo a New York il 26 settembre i critici di tutto il mondo hanno elogiato l'Anna Bolena del Metropolitan Opera. Il New York Times ha scritto: "Anna Netrebko trasuda carisma vocale... lo sprezzo con cui ha interpretato la cabaletta in chiusura dell’opera di Donizetti ha travolto la platea". L'Associated Press ha dichiarato: "Netrebko nei panni della Bolena ha conquistato il Met ... un enorme successo ... un virtuosismo abbagliante. Un'opera meravigliosa".
18 Oct 2011
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******* *******www.facebook****/pages/Sam-Proof/82425582283 Twins turn 11 on 11/11/11: ******* Woman Poses Nude with Horse Corpse: (WARNING -link contains Graphic images) ******* Russian man keeps 29 Dead Bodies in his Apartment: ******* and more weird news: Super man Super Fan: ***********/watch?v=Ny9oHbppZYw Weezer predict death: ***********/watch?v=8yXHQT98FgM Weird Animal News : ***********/watch?v=qKggDl5XAQg If you want to get involved with weird news, you can point out stories via twitter or facebook, or tell to google something in the comments OR send me your Video Report! Trancsript: Welcome to the Weird News, where the oddest articles automatically ascend to the front page. As hundreds of people makes plans to wed, mystics mediate and the nation celebrates its veterans, two sets of twins will be turning eleven on the mystical date 11-11-11. Now for the record it’s only two sets and not eleven sets, so it’s a wonder this is even a story, but it did appear in the associate press as well as hundred of it’s affiliates. Tyler and Kyra Schuman & Betsy and Katie Overman will both enter tweenhood this week though it is unclear if this will active any magical twin powers, or if we can finally figure out which one is the evil twin. Lynsie Schuman, one of the mothers remembers the day the ultrasound technician informered he she had two children in her womb "I was terrified," she said. Also terrifying, this story from our own TheGearsKeepTurning out first viewer submitted story! Adam? *Adam insert* It’s… more of .. like a proof nook. Anyway. Finally, and even more bizarre than that a man in Russia kept 29 dead bodies in his home! The man, a historian and author of several books had a collection of what looked like life sized dolls. The corpses were dressed in headscarves, bright dresses, with their hands and faces wrapped in cloth. Police said instructions on doll making were found and the remains were mummified. So it was sort of a large life size tea party. Cause… In Soviet Russia – Tea Party Has YOU! It’s funny, you can do one… ouu ouu In Soviet Russia Historians Make History. In Soviet Russia Weird News Makes YOU! Until next time, I’m Sam Proof you’re not. And check out Weird news on Craveonline! Follow the link below. Think you’ve found a weird news story? Shoot a 40 to 90 second piece telling me about it. Make it funny • HD is best, but not necessary • Good lighting & sound are extremely important • And send it to samproof[at]gmail[dot]com ! • You can also tweet me links to stories • Or post them on my facebook page! -------more samproof---- twitter *******twitter****/samproof store *******www.zazzle****/samproof dailybooth *******dailybooth****/samproof facebook *******facebook****/samproof community ******* ------------------ Please Remember to Comment, Thumb Up and Subscribe for my great videos!
16 Nov 2011
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BY RICHARD LAYCOCK ANCHOR MEGAN MURPHY A discovery in the KFC archives. A manuscript-- written by the Colonel himself. According to Yahoo!’s Trending Now, the 200 hundred page document is supposedly sprinkled with recipes and personal stories of Harland David Sanders. “A secret manuscript from the mid-1960s was discovered hiding in the KFC archives by an employee. In the first chapter, the colonel describes the 200-page book as ‘the story of a man's life and the story of the food he's cooked and eaten.’ The colonel shares his recipes for casseroles, omelets, pancakes, and pies that reflect his love for ‘old-time country and farm cooking’.” ABC adds-- the manuscript has been hiding away for roughly 50 years. “It seems while he built KFC into a global brand, the white jacketed Colonel had his eye on another lucrative market … celebrity food books … specifically his own. The 200-page manuscript is full of his own home spun anecdotes, life lessons and favourite recipes. And KFC plans to publish the manuscript online.” But some bloggers say-- the discovery is awfully convenient-- and lucrative. According to a food blogger for the New Times Broward-Palm Beach-- “Maybe we don't believe in kismet or fate here at Clean Plate Charlie, but the statement released by KFC parent Yum Brands reads much like a children's fairy tale ... The fact that the company plans to publish the manuscript also makes this discovery sound a bit like a publicity stunt.” While KFC says it may adopt some of the recipes included in the manuscript-- one has to wonder if that’s what the Colonel would have wanted. LTVN reports before his death-- the Colonel almost had a libel suit brought against him for comments he made about the current state of KFC. “Here’s what he had to say about the mashed potatoes. ‘My God, that gravy is horrible. They buy tap water for 15 to 20 cents a thousand gallons and they mix it with flour and starch and end up with pure wallpaper paste …’ Once they’ve got the wallpaper paste the Colonel said that they add some ‘ ...sludge... There’s no nutrition in it and they ought not be allowed to sell it ...’” According to the Associated Press, Sanders' secret mix of 11 herbs and spices is still locked inside the company's vault.
15 Nov 2011
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BY STEVEN HSEIH ANCHOR LAUREN GORES President Barack Obama and eight other leaders in the Trans-Pacific region laid the groundwork for a free trade partnership over the weekend. Three other important economies, including Japan, expressed interest in joining. The meeting took place in Honolulu at the annual APEC forum, where Mr. Obama affirmed the importance of the region to the U.S. economy… “We’re not going to be able to put our folks back to work, and grow our economy, and expand opportunity, unless the Asia-Pacific region is also successful.” The Trans-Pacific Partnership, or TPP, currently includes the United States, Australia, New Zealand, Singapore, Malaysia, Brunei, Chile and Peru. The Associated Press reports – Canada and Mexico both expressed interest in joining the initiative on Sunday. But the biggest boost could come from Japan – which announced it wants in-- despite condemnation from the country’s agricultural lobby, according to the BBC. “If the tariffs are removed completely, all kinds of agricultural products will come from all around the world. Japanese farming is known to be very costly. If there are imports, I don’t think it’s impossible for Japanese farmers to survive, but their situation will be very serious.” As tension develops between the U.S. and China – Chinese officials say they will “earnestly study” the initiative to decide whether to join. But with U.S. priorities at the heart of the pact, an anchor for Australia’s ABC says – that’s unlikely. “As one commentator described it, this partnership focuses on labour, the environment, intellectual property protection, rules against currency manipulation and favouritism of state-owned enterprises. It's almost as if it has been deliberately designed to exclude China.” When will we see a concrete plan? Singapore’s Prime Minister Lee Hsien Loong says it could take some time to work out the details. “We have to strike a right balance. I know negotiators are working hard. I hope will we come up with something substantive eventually. I don’t think we’ll have a deal this year. I hope we’ll have some framework defined.” Reuters reports – the addition of Japan would create an economic group about 40 percent larger than the EU.
15 Nov 2011
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From: CBS News Atlanta *******www.cbsatlanta****/story/16567672/ga-judge-orders-president-to-appear-at-hearing Ga. judge orders president to appear at hearing Posted: Jan 20, 2012 11:41 PM GST Updated: Jan 20, 2012 11:43 PM GST Subscribe to Uploaders Channel ***********/user/NeedToAwaken Posted by Cal Callaway - email TLANTA (AP) - A judge has ordered President Barack Obama to appear in court in Atlanta for a hearing on a complaint that says Obama isn't a natural-born citizen and can't be president. It's one of many such lawsuits that have been filed across the country, so far without success. A Georgia resident made the complaint, which is intended to keep Obama's name off the state's ballot in the March presidential primary. An Obama campaign aide says any attempt to involve the president personally will fail and such complaints around the country have no merit. The hearing is set for Thursday before an administrative judge. Deputy Chief Judge Michael Malihi on Friday denied a motion by the president's lawyer to quash a subpoena that requires Obama to show up. Copyright 2012 by Associated Press. All Rights Reserved. *******www.cbsatlanta****/story/16567672/ga-judge-orders-president-to-appear-at-hearing Will Jan. 26th be "The night the lights went out in Georgia" for Obama and his 27 SocSec numbers? By Coach Collins, on January 22nd, 2012 By Suzanne Eovaldi, staff writer Two days ago Georgia Judge Michael Malihi denied Barack Obama's legal schemes to suppress his original birth certificates, social security numbers school and other records in Attorney Orly Taitz's challenge of his eligibility to run for president in 2012. Obama's attorney tried to one up the court by arguing, futilely, that Obama's duties as acting President came first. At long last the issue of Obama's possible fraudulent use of a Social Security number given to a resident of Connecticut who alleged was born in 1890 will be settled! According to a lengthy research project titled "List of Properties associated with Barack Obama and his Family," done by a highly regarded former UK detective, Sergeant Neil Sankey along with Private Investigator Susan Daniels, Obama reportedly has 27 different social security numbers under 21 different personal and/or familial name variations in 22 states and the District of Columbia. Sankey's research is featured in a web video entitled Dossier2MP4 produced by Jim Przybowski. The Sankey online report says that Social Security numbers connected to Barack Obama and the addresses they trace to are as follows: 363 Notlem St., 34982-7358 Fort Pierce, Fl. A Social Security number beginning with zero is connected to "White House, Irvine, CA." A number starting with 282 connects to "713 Hart Senate, D.C., " There was one connected to "White House, Baltimore, MD." Six more Social Security numbers beginning in the 400s show up with addresses in Washington, Colorado, Georgia, New Jersey, Tennessee, and Maryland. Another five beginning with 500 connect to more cities in CA, WA, MD, and GA. Two starting with 600, trace to FL and TX. A 700 listing is "Pennsylvania Ave., Washington, Utah." *******www***achisright****/will-jan-26th-be-%E2%80%9Cthe-night-the-lights-went-out-in-georgia%E2%80%9D-for-obama-and-his-27-socsec-numbers/ ........................................................ Ga. judge orders president to appear at hearing Share The Associated Press Published: Friday, Jan. 20, 2012 - 2:54 pm Last Modified: Friday, Jan. 20, 2012 - 3:09 pm ATLANTA -- A judge has ordered President Barack Obama to appear in court in Atlanta for a hearing on a complaint that says Obama isn't a natural-born citizen and can't be president. It's one of many such lawsuits that have been filed across the country, so far without success. A Georgia resident made the complaint, which is intended to keep Obama's name off the state's ballot in the March presidential primary. read more here *******www.sacbee****/2012/01/20/4203280/ga-judge-orders-president-to-appear.html#storylink=cpy
23 Jan 2012
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(Image source: Wikimedia Commons) BY CHRISTINA HARTMAN A death sentence for a crime its lone surviving victim calls his “personal Holocaust.” Fox News has details. “Joshua Komisarjevsky, the now-convicted killer of that home invasion in Connecticut. He was just officially sentenced to death in superior court. The Connecticut man slapped with six counts of death plus 150 years in prison.” By all accounts -- the crime -- horrific. In 2007 -- Komisarjevsky and accomplice Steven Hayes tortured a family of four. Dr. William Petit was beaten with a baseball bat and tied up. He’s the only surviving victim of the ordeal. His wife and two daughters -- 17 and 11 years old at the time -- were sexually assaulted before being tied to their beds, doused is gasoline and set on fire. Steven Hayes was convicted in 2010 of killing the daughters -- but Komisarjevsky maintains despite his conviction he didn’t kill anyone or rape 11-year-old Michaela. The Associated Press reports, when he learned he’d be executed -- Komisarjevsky said quote “I wonder when the killing will end.” But Dr. Petit says the sentencing fits the crime. WTNH was there for his press conference. PETIT: “We certainly have been criticized over the years that this is vengeance and blood lust. But this is really about justice.” CNN’s Brian Vitagliana was in the courtroom when the judge handed down Komisarjevsky’s sentence. He says, Komisarjevsky told the court he would never find peace again. But the judge told him... “...this is a terrible sentence but one you wrote for yourself. He said, your fate is now in the hands of other. May God have mercy on your soul. And when you're listening to those words, it's extremely powerful.” According to the Associated Press, Komisarjevsky’s lawyers argued their client was sexually assault as a child -- and that Komisarjevsky suffered from a mood disorder and depression. He called his death sentence a quote “surreal experience.”
28 Jan 2012
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(Image Source: KIRO-TV) BY STACEY WELSH ANCHOR ANA COMPAIN-ROMERO News sources are reporting that Josh Powell killed himself and his two young sons at their Washington home Sunday. He was a person of interest in his wife Susan’s disappearance. A detective tells KOMO-TV the boys died in an explosion after a social worker brought them to their father’s house for a supervised visit. “DETECTIVE: He grabbed the kids, locked her out of the house and immediately the house went up in flames, very quickly, very big. So, we believe that Josh Powell intentionally set this fire.” This comes after Powell lost a custody battle to the boys’ grandparents. CBS reports... “...a Washington judge denied Powell custody of his two sons and ordered him to undergo a psycho-sexual evaluation after child pornography was found on his father's computer.” Reports indicate Powell took his sons on a camping trip when his wife disappeared in 2009. A lawyer for Susan Powell’s parents told the Associated Press the boys saw their mother in the trunk of the car. They said their mother disappeared on that camping trip. Despite this, the Los Angeles Times reports Powell returned to court... “ a bid to regain custody. ‘I have proven myself as a fit and loving father who provides a stable home even in the face of great adversity,’ he wrote in an affidavit.” The house caught fire at about 12:30 in the afternoon. CNN cites shortly before that Powell... “...apparently sent a three-word e-mail to his attorney. It said simply: ‘I’m sorry. Goodbye.” Authorities were reportedly working to connect Powell with his wife's disappearance at the time of his death. KUTV spoke with the Pierce County Sheriff who refuses to call the incident a ‘tragedy’ because of the possible premeditation. “...that distances us from it, that sanitizes it, that seems to make it less than it is ... Let’s call it a horrible murder because that’s exactly what we have here.” Dozens of community members gathered at the boys’ elementary school for a candlelight vigil Sunday night.
7 Feb 2012
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(Image source: Gawker) BY BRICE SANDER There’s an old saying that goes, when the economy rises, so do women’s hemlines. But now, USA Today suggests a lift in hemlines isn’t the only way to tell if the economy’s on the upswing. “Plastic surgery numbers may not be perfect economic indicators – but they are going in the same upward direction as the stock market and employment rate, after falling during the recession … Americans got about 1.6 million cosmetic procedures in 2011, the second year of increase after a big drop in 2009...” The numbers come from the American Society of Plastic Surgeons’ annual report. Health Aim runs through 2011’s most popular procedures — and a few declines. “Breast implants increased by 4 percent, liposuction rose by 1 percent, and facelifts up by 5 percent. There are some procedures that experienced drops as well. Nose jobs dropped by 3 percent and eyelid surgeries by 6 percent.” Non-surgical procedures, like Botox and facial fillers, weren’t included in those numbers, but more people are reportedly requesting those, too. Gawker looks into the increase. “… it’s not just the economy, stupid. Many procedures have become less expensive and more finely tuned, which means a much lower chance that you'll end up looking like Jocelyn Wildenstein, [the cat lady]. Of course, surgeries still haven't hit the heights of 2005's Golden Plastic Age, when Americans endured a whopping 2.1 million surgeries.” The Society suggests an increase in information on social media sites is leading more people to go under the knife. Media Bistro finds that a little funny. “So if you’re considering getting a little Botox, Angelina’s lips or some brand new ears, there is certainly a huge wealth of information on Twitter, like plastic surgery-related accounts and your friend’s opinions. Just be sure you don’t make a decision to go under the knife based on what you heard in 140 characters.” But the Associated Press found an even more probable cause for the rise in plastic surgery rates — aging baby boomers seeking the fountain of youth.
14 Feb 2012
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Image Sources: Wikimedia Common BY KEVIN DONNELLAN ANCHOR EMILY SPAIN Even an apology from President Barack Obama doesn’t seem to be enough to quell violence in Afghanistan. NATO soldiers burned qurans at a detention facility in Bagram on Monday — and though the coalition says it was an accident — protests have been escalating since. Euronews reports. “President Hamid Karzai is appealing for calm as demonstrations take place in Kabul, Bagram and Jalalabad. However the Taliban is calling on people to target military bases and kill foreigners.” RT says despite the apologies this could do lasting damage to Afghan-U.S. relations. “Zaid Hamid, a defence analyst at the independent think tank BrassTacks, thinks that the incident is a total nightmare for the Americans, as it may now turn local former allies against them.... ‘This is the worst PR disaster that the Americans could have at this moment...’” 14 people are now dead as a result of the violence, including two U.S. soldiers who died during a protest in Jalalabad. Al Jazeera reports. “American soldiers fired at them to beat them back, killing two protesters and then we understand an Afghan solider with that team, with those American soldiers, turned his gun on them, killing two American soldiers.” BBC says Afghan officials are taking a lot of heat. “The Afghan authorities are being blamed for poor handling of the violence and an intelligence failure in several cases. Critics say security forces have been slow to deploy in the provinces, especially after MPs called for jihad [holy war] on television and local radio stations.” According to the Associated Press — NATO officials say they’re currently investigating the incident.
25 Feb 2012
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(Image Source: WKYC) BY CHIRSITNA HARTMAN One student is dead and four others wounded after a shooting at a northeastern Ohio high school. Classes at Chardon area schools are reportedly cancelled. The extent of the students’ injuries is currently unclear — and the Associated Press is reporting a suspect is now in custody. (Video: Fox News) According to WYTV and WOIO — police located the suspect by following his footprints in the snow. An unnamed source within the superintendent’s office told WYTV the suspect was a current student who is believed to have brought the weapon to school. The victims included four boys and one girl. MSNBC has newly-released video of the suspected shooter being taken into custody — and talked with a guest who says the small-knit community of Chardon is still reeling. “A kid in handcuffs being taken to the side of the street and escorted away by police. We believe him to be the shooter in question ... For something like this to happen, it's just, it's very shocking. You never know what goes on in other people's minds...” According to WOIO — “...a teacher chased the student gunman from the building. The suspect later surrendered to two innocent bystanders about an hour later. The 17-year-old suspect is cooperating with police.” The incident reportedly occurred at 7:30 am Eastern time — before classes were set to begin. WKYC reports the shooter’s motive is still unclear — but earlier in the morning — officials worried there was a second gunman. “So much was the concern weighing on the minds of authorities out there, they locked down the courthouse. ... That proved to be inaccurate. There was not a second gunman.” Press conferences are expected throughout the day. Stay with Newsy for all the latest on this developing story.
28 Feb 2012
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Nova Scotia Premier Darrell Dexter: Bounty was a spectacular ship and a symbol of Lunenburg's proud tradition of shipbuilding. The Associated Press: The final hours of the HMS Bounty, as it was officially named, were as dramatic as the movies she starred in.
9 Nov 2012
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*******www.mydesert****/viewart/20121110/BUSINESS/311100026/The-economy-Obama-now-faces-Slow-gaining?odyssey=nav|head Experts say resolving fiscal cliff is critical to preserving progress WASHINGTON — Here’s the assignment President Barack Obama has won with his re-election: improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to expand much. The outlook isn’t all grim. Signs suggest that the next four years will coincide with a vastly healthier economy than the previous four, which overlapped the Great Recession. Obama used his victory speech to emphasize that the economy is recovering and promised action to reduce the government’s budget deficit, overhaul the tax system and reform immigration laws. “We can build on the progress we’ve made and continue to fight for new jobs and new opportunity and new security for the middle class,” he said. The jobs picture has been improving gradually. Employers added a solid 171,000 jobs in October. Hiring was also stronger in August and September than first thought. Cheaper gas and rising home prices have given Americans the confidence to spend slightly more. Slow but steady rise That said, most economists predict the improvement will remain steady but slow. Few think the unemployment rate — 7.9 percent — will return to a normal level of 6 percent within the next two years. The Federal Reserve expects unemployment to be 7.6 percent or higher throughout 2013. Economists surveyed last month by The Associated Press said they expected the economy to grow a lackluster 2.3 percent next year, too slight to generate strong job growth. From July through September, the economy grew at a 2 percent annual rate. Holding us back Part of the reason is that much of Europe has sunk into recession. Leaders there are struggling to defuse a debt crisis and save the euro currency. Europe buys 22 percent of America’s exports. China’s powerhouse economy, the second largest in the world, is decelerating, slowing growth across Asia and beyond. Most urgently, the U.S. economy will fall over a “fiscal cliff” without a budget deal by year’s end. Spending cuts and tax increases that would total about $800 billion in 2013 will start to kick in. The combination of those measures would likely trigger a recession and drive unemployment up to 9 percent next year, according to estimates by the Congressional Budget Office.
12 Nov 2012
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