Egypt military warns of 'dark tunnel' over divisions

NBC's Ayman Mohyeldin and journalist Mona Eltahawy discuss developments around Egypt's crisis.

By Sarah El Deeb, The Associated Press

CAIRO -- Egypt's military warned Saturday of 'disastrous consequences' if the crisis that sent tens of thousands of protesters back into the streets is not resolved, signaling the army's return to an increasingly polarized and violent political scene.

The military said serious dialogue is the "best and only" way to overcome the nation's deepening conflict over a disputed draft constitution hurriedly adopted by Islamist allies of President Mohammed Morsi, and recent decrees granting himself near-absolute powers.

"Anything other than that (dialogue) will force us into a dark tunnel with disastrous consequences; something which we won't allow," the statement said.

Failing to reach a consensus, "is in the interest of neither side. The nation as a whole will pay the price," it added. The statement was read by an unnamed military official on state television.


Egypt's once all-powerful military, which temporarily took over governing the country after the revolution that ousted autocratic leader Hosni Mubarak, has largely been sidelined since handing over power to Morsi weeks after his election.

But it has begun asserting itself again, with soldiers sealing off the presidential palace with tanks and barbed wire, as rival protests and street battles between Morsi's supporters and his opponents turned increasingly violent.

The statement said the military "realizes its national responsibility in protecting the nation's higher interests" and state institutions.

At least six civilians have been killed and several offices of the president's Muslim Brotherhood set on fire since the crisis began on Nov. 22. The two sides also have staged a number of sit-ins around state institutions, including the presidential palace where some of the most violent clashes occurred.

Images of the military's elite Republican Guards unit surrounding the area around the palace showed one of the most high-profile troop deployment since the army handed over power to Morsi on June 30.

Egypt's president Mohamed Morsi is feeling the pressure ever since his decree granting him nearly absolute powers. NBC's Brian Williams reports.

A sit-in by Morsi's opponents around the palace continued Saturday, with protesters setting up roadblocks with tanks behind them amid reports that the president's supporters planned rival protests. By midday Saturday, TV footage showed the military setting up a new wall of cement blocks around the palace.

Tensions have escalated since Morsi issued new decrees granting himself and an Islamist-dominated constitutional assembly immunity from oversight by the judiciary. The president's allies then rushed through a constitution and he announced a Dec. 15 nationwide referendum on the charter.

Morsi has called for a national dialogue and scheduled a meeting on Saturday, but opponents say he must first cancel the referendum on the draft constitution and rescind his recent decrees.

NBC's Ayman Moheldeen reports the latest from Egypt where thousands of protesters surged around the presidential palace; and Michael Rubin, Former Pentagon Adviser on Iran & Iraq, provides perspective.

Only veteran liberal opposition politician Ayman Nour attended the meeting with Morsi on Saturday. The other eight delegates were Islamists.

The president has insisted his decrees were meant to protect the country's transition to democracy from former regime figures trying to derail it.

More world stories from NBC News:

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? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://worldnews.nbcnews.com/_news/2012/12/08/15776159-egypt-military-warns-of-dark-tunnel-if-morsi-backers-enemies-dont-make-peace?lite

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Big business vs. small business at the edge of - The Salt Lake Tribune

(AP Photo/Charles Dharapak) The most immediate threat for many businesses is allowing the Bush-era tax cuts on personal income to expire at the end of December. President Barack Obama wants to extend them for everyone but the top 2 percent of earners. That might be good for middle-class Americans, but it could hurt many of the roughly 4.5 million business owners who are ?S corporations.?

Big business vs. small business at the edge of ?fiscal cliff?

?Fiscal cliff? ? Sides have competing visions about which outcome is best.

Washington ? Democrats and Republicans aren?t the only ones divided over how to fix the nation?s fiscal problems. Big business and small business have very different views on whether changes to personal income taxes or corporate taxes should be part of the fix.

Groups that represent American businesses are in a bind. Some of their members declare their business income through their personal income taxes, and they are staring at the possibility of higher tax rates on the top tiers of personal income. Yet big corporations would be unaffected by higher tax rates since they pay corporate income taxes, not personal. They?re rooting for a lowering of the corporate tax rate.

Simply put, what?s good for some businesses is not necessarily good for others.

"There is no difference, really. They want the same thing ? lower rates, certainty, simplification and sound transition rules," insisted Bruce Josten, vice president of the U.S. Chamber of Commerce and the influential group?s top lobbyist.

The National Association of Manufacturers takes a similar public tack, preferring for now to avoid talk of competing visions among its members.

"It?s hard to talk about a hypothetical," said Dorothy Coleman, vice president of tax policy for the association. "Right now we are very much focused on going to the Hill and spreading our members? concerns."

Manufacturers want Congress to avoid the "fiscal cliff" of expiring tax measures and pending spending cuts, which if left unchanged this month could send the economy skidding downward.

"We?re going to lose jobs, we?re going to probably go into a double-dip recession, and it?s going to set us back about 10 years," Coleman warned.

The most immediate threat for many businesses is allowing the Bush-era tax cuts on personal income to expire at the end of December. President Barack Obama wants to extend them for everyone but the top 2 percent of earners. That might be good for middle-class Americans, but it could hurt many of the roughly 4.5 million business owners who are "S corporations," whose business earnings are declared as personal income on their 1040 tax forms like most people.

The term comes from a 1958 revamp of the tax code adding a subchapter S that created a new category for businesses with specific criteria such as a limited number of shareholders in the company. They?re sometimes called pass-through entities because their business income flows to their personal income, where it?s taxed at the individual income tax rate rather a corporate rate. Many are much bigger than mom-and-pop businesses.

story continues below

An even larger number of businesses also are considered pass-through entities, including sole proprietorships, partnerships and limited liability companies, also called LLCs. The most successful ones potentially face tax rates higher than the current 35 percent corporate rate, if the personal income tax rates go up.

In a Nov. 27 letter to congressional leaders from both parties that spells out the competing interests, 42 trade associations whose members mostly declare their business earnings through their personal taxes pleaded for lawmakers to avoid pitting them against corporate interests.

"There is no economic or political justification for reform that lowers marginal tax rates on corporations while raising either marginal or effective tax rates on the 95 percent of businesses structured as pass-through entities," said the trade associations, whose members range from grocers to truckers to general contractors.

Effective tax rates are what individuals or companies pay after all their deductions and credits. The marginal tax rates are what the government progressively takes by tax bracket.

For example, an individual taxpayer pays 15 percent of income from $8,701 to $35,350; 25 percent of income from $35,351 to $85,650; 28 percent of income from $85,651 to $178,650; 33 percent of income from $178,651 to $388,350; and at 35 percent for everything above $388,351.

Obama proposes to raise the top two rates for individual income above $200,000 and family income above $250,000. That would mean higher taxes for an estimated 30 million businesses that pass their business earnings through their personal income taxes.

The president says this protects middle-class Americans. It?s a distinction Alan Simpson, the co-chairman of the National Commission on Fiscal Responsibility and Reform, finds puzzling.

Next Page >

Copyright 2012 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.sltrib.com/sltrib/money/55415764-79/tax-income-business-percent.html.csp

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NFL Odds, Week 14: Seahawks vs. Cardinals point spread analysis

?The Seahawks don't lose at home. The Cardinals don't win anywhere.'

I began last week's post with a quote and look what happened in real time. If it ain't broke, don't fix it so this week I lean to Mike Florio of Pro Football Talk for my opening salvo; his Week 14 picks included the above gem. Superstitious? Well, of course I am. I support the Seahawks, for Heavens sake. Just like those players who don't shave until their team loses, I'm now relying on quotes for my first line until we lose and, as I'm sure you're all well aware, it's only weird if it doesn't work.

I will be shaving, through fear of getting the ?Spanish Archer' (El Bow) at work, but Seattle won't be coming anywhere near close to losing this week... will they? They do venture into uncharted territory on Sunday, entering the game as 10 point favourites, the first time this season they've been fancied to win by double digits.

The closest margin to this one was when they were favoured by 5.5 points at home to the Jets. I'm going to nail my colours to the mast early here and state that I believe Arizona to be worth a punt this week, despite too much evidence to the contrary. It's not that I'm uncomfortable at Seattle being favoured so heavily as I believe the line to be about right. No, it's the black and white truth of being a Seahawks fan. This is hardly the '05 vintage anchored by Jones, Hutchinson and Alexander (the order of importance is er, important and I think that looks right) so I'm loath to back us being asked to give up a TD plus a field goal.

Boy, that about the '05 vintage looks harsh written down, but it is, sadly, the truth. Never again...OK, more than likely, will we ever have a left tackle/left guard tandem as rich in talent together as Walt and Hutch. Preaching to the converted as I am here, as well as indulging myself a little, those were heady days and, aside from beating the Panthers for the NFC Championship, my own personal highlight was setting the alarm for 1:30 a.m. GMT to witness the 42-0 shellacking of the Eagles in Philly on MNF. And it was 42-0 after three quarters. In the snow. Not ?Tuck Rule' snow, but snow nonetheless.

So, the oldest news in the diary is that Jones and Hutchinson will forever stand alone. Yes, Hutchinson caused outrage in the manner in which he left for Minnesota, but time's a great healer so be it me mellowing with age or just generally being a better person now, I love him all over again.

Why the reminiscing? Because our last great team could soon be replaced by another. If we've already seen what is and what will be the greatest left side of an offensive line in franchise history, then the same can be said of the quarterback. Matt Hasselbeck was Matt Hasselbeck and he eventually deserves a place in the Ring of Honor in my opinion, but, after only twelve games, he was no Russell Wilson. After last Sunday, we've created a monster.

It's been written before, both here and all over Field Gulls, but I will repeat what I wrote in my lead up to the Jets game. It is, once again, tipping my hat to Florio, but he summed up perfectly what epitomises Wilson's game: The kid doesn't get rattled.

I read this week that he's as comfortable on his own 3 yard line as he is on an opponent's 23 yard line, words that ring oh so true. Opinions (facts, really) such as these are hardly earth shattering or steeped in profundity, but Wilson's only just starting to get noticed nationally. Those of us who've witnessed each and every snap he's taken this season know all there is to know about him, but it took an Elway-esque fourth quarter drive, quickly followed by similar feats in overtime in a major city for Wilson to be finally, properly recognised. I couldn't give a toss about him being voted Rookie of the Year as he may as well be voted Wookie of the Year for all that it matters. I tire of message board arguments placing him above or below Andrew Luck and Robert Griffin III.

Accolades come in the form of championships (and league MVP awards if we're going to split hairs) and I believe that Wilson may just bring a Lombardi back home for us. I seriously doubt it'll happen this year, but I don't care when it happens, as long as it does.

If I may get back to writing about betting on this game, yes, I like the Cardinals and the points. Those of you who take careful note of what I write (and the both of you are close to my heart) will know that I'm wary of teams coming off of emotional wins and where better to start on this one that at home?

On the two occasions this season that the Seahawks have claimed emotional wins, against the Packers and Patriots, they've bombed the following week. Not bombed as in not being motivated for their next games, but they lost in St. Louis and San Francisco respectively. Granted, they did end up covering the spread against the 49ers (by half a point), but it was too close for comfort, not that I gained that much happiness from being quids in, coming up short against the Niners, an outcome that goes down as smoothly as swallowing a football sideways.

W W W W L L L L L L L L. How many teams have done that over their first twelve games in an NFL season? I actually hope somebody's able to tell me, but it's what Seattle faces this Sunday, a team on an eight game losing streak.

Since beginning the season 3-0 ATS, the Cardinals have gone 2-6-1 ever since, covering just twice in nine attempts. However, interestingly, as a road underdog over the season, they're 3-1-1, food for thought for those of you believing the Seahawks are primed to smash Arizona out of sight. In addition, they've covered as road underdogs twice in the last three weeks, against the Falcons and Jets. In fact, last week's cover came despite scoring just six points and going 0 for 15 on third down. Should they replicate that this week, perhaps Seattle will smash Arizona out of sight.

Everything does point to exactly that and not least because the Seahawks are 5-0 at home, both SU and ATS against a team who haven't won since September 30. The Cardinals also bring the league's worst offense (statistically) to town, not the worst week to be without Brandon Browner.

I want to say that I'm after revenge for our Week 1 loss, but it doesn't feel that way. Should we just happen to meet Green Bay in the playoffs, they'll be able to lay claim to revenge. No, this week is about not looking past the Cardinals. That'd be DangeRuss.

Please gamble responsibly.

In addition to contributing here, Rob runs his own blog, Rob's NFL Yard and contributes atThe NFL Injury Report, so make sure you head over to those sites and check out more of his work. Follow @RobDaviesNFL on Twitter | Follow @FieldGulls on Twitter | Like Field Gulls on Facebook

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Source: http://www.fieldgulls.com/2012/12/8/3743694/nfl-odds-week-14-seahawks-cardinals-point-spread-analysis

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Sports Leagues Gang Up On New Jersey With New Legal Brief

The state of New Jersey has began the process of challenging a 1992 federal law that outlawed sports betting in the US. Late last year, voters approved sports betting in New Jersey, but the state must first pass the federal legal hurdle before opening sports books.

Late this past week, New Jersey learned that there will be additional legal battles to fight in their effort to end sports gambling prohibition. The four major sports groups have partnered in a new lawsuit filed to stop New jersey from moving forward with sports betting.

The actual lawsuit against New Jersey was filed back in August, when the NFL, NBA, NHL, and MLB filed suit against Governor Chris Christie. New Jersey then answered that lawsuit by requesting it be thrown out of court. On Friday, the leagues took their turn in court by responding the state's request to throw out the suit.

The NCAA is also involved in the lawsuit, and has gone as far as threatening to pull major championship competitions out of New Jersey should sports books become legal in the state.

Legislators answered voter approval from last year when they passed a bill that would allow sports books at Atlantic City casinos. Senator Raymond Lesniak has been the strongest voice pushing the sports betting, and it was Lesniak, along with Christie, that filed the federal suit, claiming the 1992 law was unconstitutional.

NBA Commissioner David Stern, who is on record last year claiming that he could see legal sports betting on the NBA in the future, attacked New Jersey for going after the 1992 law. Stern mentioned that the state was looking to "make a buck or two," but clearly there is more at stake than that for New Jersey.

The sports betting industry is estimated as a multi-billion dollar industry, with most of the best being placed currently either with illegal bookmakers, or at overseas websites.

Last year, several Las Vegas sports book executives estimated that the Super Bowl alone had wagers equaling over $100 million.

The NFL has long had a stance denouncing betting on their sport, although their stance has drawn criticism in recent years since the league has allowed owners to partner with local lottery operations. The NFL also runs a multi-million dollar betting business of fantasy football, where people choose players through a draft and then win or lose based on their full roster of players.

December 8, 2012
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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Source: http://www.casinogamblingweb.com/gambling-news/gambling-law/sports_leagues_gang_up_on_new_jersey_with_new_legal_brief_57939.html

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Worried about Prostate Cancer? - Health Street

Listen to Landon?s story about his journey to cure himself of prostate cancer.

Landon attributes much of his healing to a product called Broccogen 10

Learn more or try it for yourself.

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Source: http://healthstreet.ca/?p=2199

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President Obama to visit Redford engine plant

Friday, December 07, 2012 4:30 p.m. EST

President Barack Obama speaks about the situation in Egypt at the White House in Washington, January 28, 2011. REUTERS/Jim Young

REDFORD (WKZO) -- The White House is releasing more details about President Obama's first trip to the metro Detroit area since his re-election.

Obama will visit the Daimler Detroit Diesel plant in Redford Monday afternoon and will speak about the economy and helping the middle-class. ?The President is making the stop to gain support for his plan to avoid spending cuts and tax increases which are set to go into effect if Congress cannot make a deal by December 31st.

Source: http://wkzo.com/news/articles/2012/dec/07/president-obama-to-visit-redford-engine-plant/

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White House: Obama "Unequivocal"?No Fiscal Cliff Deal Without Debt Ceiling Agreement

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White House: Obama "Unequivocal"?No Fiscal Cliff Deal Without Debt Ceiling Agreement

In the ongoing bout between President Obama and House Speaker John Boehner?call it, the fiscal bluff?the main focus, as far as the media coverage goes, has been the Bush ...

2 days ago | Comment (Article)

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Source: http://noolmusic.com/videos/tornado_in_macau_by_daniel.php

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Rolling Stones 50: Iconic Band Hits New York

NEW YORK ? "Time Waits for No One," the Rolling Stones sang in 1974, but lately it's seemed like that grizzled quartet does indeed have some sort of exemption from the ravages of time.

At an average age of 68-plus years, the British rockers are clearly in fighting form, sounding tight, focused and truly ready for the spotlight at a rapturously received pair of London concerts last month.

On Saturday, Mick Jagger, Keith Richards, Ronnie Wood and Charlie Watts hit New York for the first of three U.S. shows on their "50 and Counting" mini-tour, marking a mind-boggling half-century since the band first began playing its unique brand of blues-tinged rock.

And the three shows ? Saturday's at the new Barclays Center in Brooklyn, then two in Newark, N.J., on Dec. 13 and 15 ? aren't the only big dates on the agenda. Next week the Stones join a veritable who's who of British rock royalty and U.S. superstars at the blockbuster 12-12-12 Sandy benefit concert at Madison Square Garden. Also scheduled to perform: Paul McCartney, the Who, Eric Clapton, Bruce Springsteen & The E Street Band, Alicia Keys, Kanye West, Eddie Vedder, Billy Joel, Roger Waters and Chris Martin.

The Stones' three U.S. shows promise to have their own special guests, too. Mary J. Blige will be at the Brooklyn gig, as well as guitarist Gary Clark Jr., the band has announced. (Blige performed a searing "Gimme Shelter" with frontman Jagger in London.) Rumors are swirling of huge names at the Dec. 15 show, which also will be on pay-per-view.

In a flurry of anniversary activity, the band also released a hits compilation last month with two new songs, "Doom and Gloom" and "One More Shot," and HBO premiered a new documentary on their formative years, "Crossfire Hurricane."

The Stones formed in London in 1962 to play Chicago blues, led at the time by the late Brian Jones and pianist Ian Stewart, along with Jagger and Richards, who'd met on a train platform a year earlier. Bassist Bill Wyman and drummer Charlie Watts were quick additions.

Wyman, who left the band in 1992, was a guest at the London shows last month, as was Mick Taylor, the celebrated former Stones guitarist who left in 1974 ? to be replaced by Wood, the newest Stone and the youngster at 65.

The inevitable questions have been swirling about the next step for the Stones: another huge global tour, on the scale of their last one, "A Bigger Bang," which earned more than $550 million between 2005 and 2007? Something a bit smaller? Or is this mini-tour, in the words of their new song, really "One Last Shot"?

The Stones won't say. But in an interview last month, they made clear they felt the 50th anniversary was something to be marked.

"I thought it would be kind of churlish not to do something," Jagger told The Associated Press. "Otherwise, the BBC would have done a rather dull film about the Rolling Stones."

__

Associated Press writer David Bauder contributed to this report.

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Source: http://www.huffingtonpost.com/2012/12/08/rolling-stones-50-iconic-band-new-york_n_2263521.html

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