10 things to know today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Wednesday:
AP Wire
Feb 12, 2014

1. HOUSE VOTES TO RAISE DEBT CEILING

The measure passes easily as Republicans make clear they've got no taste for another high-stakes fight with Obama over the issue.

2. WHY LATEST ATTEMPT TO FIX MISSILE SECURITY LAPSES JUST MIGHT WORK

The new effort is more far-reaching, on a tighter timetable and has Defense Secretary Hagel's backing.

3. SINGLE SOLDIER SURVIVES CRASH OF MILITARY TRANSPORT PLANE

Seventy-seven die, but one soldier escapes with his life after the aircraft slams into a mountain in eastern Algeria.

4. SHAUN WHITE SHUT OUT IN SIGNATURE EVENT

The world's best-known snowboarder finishes fourth — and off the podium — in the Olympic halfpipe competition.

5. WHAT INVESTORS THOUGHT OF YELLEN'S TESTIMONY

The Dow soars nearly 200 points after the Fed chair appears before a congressional panel.

6. MOVIE FANS MOURN ULTIMATE CHILD STAR

Other pre-teens have achieved fame in Hollywood. But none helped shape their time like Shirley Temple.

7. ASSAD'S STALLING TACTICS

The AP's Zeina Karam says the Syrian regime's strategy is to negotiate, play for time and hold the West at bay while government troops wear down the rebels.

8. WASHINGTON'S GOVERNOR SUSPENDS DEATH PENALTY

Nine men are currently on death row in the state, which hasn't executed an inmate in more than three years.

9. HOW A BACHELOR'S DEGREE PAYS OFF

Young adults who are college graduates typically earn 38 percent more than those with just a high-school diploma.

10. TOM BROKAW HAS CANCER

The veteran newsman was diagnosed in August with multiple myeloma, NBC News says. Doctors are optimistic about his prospects.

 

Comments

Vladtheimp

11. INCOME INEQUALITY - HATE THE RICH OBAMA STYLE

http://www.daynews.com/politics/...

(2500 calories)
https://twitter.com/FLOTUS/statu... (Is the Queen talking to the dogs or the King?)

12. KING "I CAN DO WHATEVER I WANT" COMMANDETH

"Obama officials made clear in a press briefing that firms would not be allowed to lay off workers to get into the preferred class of those businesses with 50 to 99 employees. How will the feds know what employers were thinking when hiring and firing? Simple. Firms will be required to certify to the IRS – under penalty of perjury – that ObamaCare was not a motivating factor in their staffing decisions. To avoid ObamaCare costs you must swear that you are not trying to avoid ObamaCare costs. You can duck the law, but only if you promise not to say so."

The boot presses harder on the neck of formerly free Americans.

Lanivan

#12. "The boot presses harder on the neck of formerly free Americans". I must say, you do offer a good laugh first thing in the morning. The high drama! The emotional appeal! A comment totally devoid of facts, or even logic! C'mon, Vlad, let's admit it - you are play-acting the role of Col Higgins from Magnum, PI, reminiscing about the British struggle against Rommel in El Agheila during WWII, right? At the very least, admit you were a member of your high school Thespian Club (or wanted to be).

#11. And I suppose to your mind, Bo is a German war dog.

Vladtheimp

What part of Thesbia are you from? :-D

And what legal authority does Obama have to attempt to require citizens to swear they are not taking an action that for a purpose is completely lawful (determining the size of their workforce)? As a small business person I would think you might find this kind of lawlessness objectionable.

If I were you I would get used to Court decisions citing this almost verbatim:

“The IRS may not unilaterally expand its authority through such an expansive, atextual, and ahistorical reading of” the law. The Court of Appeals for the District of Columbia Circuit used these words in a Feb. 11 ruling that struck down an Obama administration regulation on tax preparers.

Lanivan

Thanks for the heads up. I will be watching with bated breath (Court decisions, not Thesbia jokes).

Actually, Obama's request regarding businesses using the ACA as an excuse to dump their low-hanging employees doesn't pertain to me. What DOES pertain to me is the uncertainty in the global marketplace that is created when Republicans threaten with extortion demands to either repeal health reform or they shut down the government, and/or force the country to default for the first time in history.

This dereliction of duty and refusal to govern is what concerns me as a small business co-owner, a tax-paying citizen, and a former Republican.

watchingyou

#13 Sad news out of Bowling Green this morning. A sinkhole has opened up inside the Sky Dome area of the National Corvette museum. 8 cars have been swallowed by the Earth. :(

LessThanAmused

Holy Moly! Are you serious?? Get the rest of those cars out of there NOW!

watchingyou

Unfortunately I am dead serious. If it was a Ford museum I wouldn't have even brought it up. :)

LessThanAmused

Agree 100%! :-D

Having been down that way a number of times, that is an area full of caves and underground caverns (and some cool tours). Maybe the Vettes landed in a cavern somewhere and they'll just have to fish them out......

Lanivan

This is a catastrophe. Hope no one was hurt.

watchingyou

No one was hurt Lani. They were able to save the only remaining 1983 Corvette Prototype. The cars in the hole are:
1962 black Corvette
1984 PPG pace car
1992 white 1 millionth Corvette
1993 ruby red 40th anniversary Corvette
1993 ZR-1 Spyder on loan from General Motors
2001 Mallett Hammer Z06 Corvette
2009 white 1.5 millionth Corvette
2009 ZR1 "Blue Devil" on loan from General Motors

Lanivan

Ouch!

Lanivan

#13. "President Barack Obama will sign an executive order Wednesday afternoon raising the minimum wage for federal contract workers to $10.10 an hour. The order will do for hundreds of thousands what congressional Republicans are refusing to do for millions more Americans currently working at the poverty-level federal minimum wage of $7.25. Since the executive order only governs future contracts, current workers won't see a raise, at least until the contracts they work under are renewed or revised". http://www.dailykos.com/story/20...?

The "boot" on the necks of "formerly free Americans" has just slipped and Federal contract workers who formerly were Constitutionally free to live at a poverty rate, are now forced to suffer the abuse of being paid a living wage.

LessThanAmused

OH! the horror! :-S (love that emoticon)

bigdeal

:-& Oh no, NOW costs will increase and no one will be able to afford anything! Oh, wait, that's happening now with stagnant wages...

Lanivan

Right, guys. According to Vladian wisdom, we're all going to Hades in a hen basket, with King Obama crackin' the whip! Just think - if we raise the minimum wage, some folks might be able to get off food stamps, and what with Obamacare, they'll be healthier - hey!...maybe the large and growing class of working poor will start to shrink a wee bit. And the economy will grow because people in that wage bracket tend to spend what they earn. Then who will the Repubs have to beat up (other than Obama, of course)? :~S

Vladtheimp

Excellent analysis - that $10.10/hour is a "Living Wage" - I'll hold you to that. You might not be aware that:

Only 1 Percent Of The U.S. Labor Force Earns The Minimum Wage

–roughly 800,000 out of 1.5 million — worked an average of 29 hours or less each week.

Only 32 percent of the country’s minimum wage workers work full-time

A Full-Time Minimum Wage Worker (at $7.25/hour) in 2014 Will Make 24 Percent More Than The Federal Poverty Limit

Obamanomics - There Are Nearly Six Times More Minimum Wage Workers Today Than In 2007

Just another meaningless distraction from Obamacare and the many other failures of this President.

LessThanAmused

Wait, did you hear that?? Sounds like that dang faucet is dripping again. :-S

Lanivan

O, Tweedle-dee-dee - how you do run on! "There Are Nearly Six Times More Minimum Wage Workers Today Than In 2007". And the Republicans could care less. It was their policies that exacerbated an already steady erosion of full-time work that started about 20 years ago. It was their policies that exacerbated the explosion in corporate profits and CEO compensation while at the same time outsourcing full-time jobs and increasing overseas investment.

But, at any rate, this has been my experience: Employers pay their employees whatever is necessary in order to hire, retain, compensate, and reward those workers who add value to their businesses in order to compete and make a profit. There are businesses who will collude to pay only the minimum wage if that is what the job market will bear, and what is common within the industry.

None of this has anything to do with Obama, but everything to do with Corporate America, and you are doing yourself a disservice to continue on this train of thought.

Vladtheimp

Thanks for being so concerned about me - guess we should all just consider it a coincidence that all of these disasters just happened to occur during the term of our hapless young President.

bigdeal

Republicans will never play nice. Check out how they are making fake websites to try to get Dems to fund the RNC by trickery. Aren't they clever? Talk about morons!
http://www.latimes.com/nation/po...

Lanivan

Do you notice how there is always something skewed, a little weird, strangely pathological about their campaigns and strategies? Why don't they run on their plank, their beliefs, their ideas? They are just so, so good at trickery, deceit, and subterfuge.

Vladtheimp

Democrats Running Ads Criticizing Obamacare http://www.nationalreview.com/co...

Lanivan

Appears they were criticizing the healthcare.gov roll-out. Big Whoop.

bigdeal

roflmao @ Vlad, nice try Sasquat*

*Sasquat: n. primate, humanoid. A large mostly upright creature with noticeably too long of arms for it's body. Th Sasquat's short lower limbs are unable to fully support it's weight, so it cannot sit or walk, it wobbles. Some studies show that due to prolonged exposure to Fox News and total lack of truth, the Sasquat's head is massively swollen and as a result they lean very heavily to the Right. This is most notable when they are pounding their calloused knuckled fingers on their computer keyboard.

LessThanAmused

Winner of the "POST OF THE DAY" award.

Lanivan

...said Col Higgins, Magnum, PI. (sorry - it's just so perfect, please don't take it personally, if possible. :-D )

The 'disasters' happen because the current Republican leadership refuse to do their jobs, refuse to govern responsibly, or for the good of the country; in fact, it has become a pernicious cult rather than a viable, stable political party. Obama simply does what he must to navigate forward. What I find fascinating, although not surprising, is our different responses to events, beyond the purely political - mine being more capitalistic in nature, and yours more legal, of course.

Tri-cities realist

"But, at any rate, this has been my experience: Employers pay their employees whatever is necessary in order to hire, retain, compensate, and reward those workers who add value to their businesses in order to compete and make a profit."

So why have a minimum wage? It appears from your comment that you support letting the market determine wages, yet you applaud raising the minimum wage. Which is it?

Lanivan

Because my comment illustrates exactly why there needs to be a minimum wage. If a particular industry requires basically unskilled, part-time workers, they will collude to 'set' the wage throughout the industry to remain competitive and increase profits. If McDonalds, Burger King, and Wendy's all offer the same starting wage, there is little incentive to offer a little more attractive wage. They design their business based on high turnovers and quickly trained workers. They won't offer more unless they are required to, either on the federal or state level.

The Feds are not quick to raise the minimum, although many states have done so in lieu of this. My take is this: When offering workers wages, You get what you pay for. If an employee believes they are worth more than the going rate, they should negotiate with their employers; if that doesn't produce the desired result, they should seek out an employer that will. Except when the economy is stagnant, unemployment on the high side, and folks are glad to get any job, let alone one that pays them what they are worth to the company.

Tri-cities realist

So have you colluded with your competitors to set wages? My point is that big business isn't always as evil as people think it is. So if you believe employees and employers should determine the wage, why would you want the Feds or state stepping in? If it's good enough for you, why not let everyone else benefit from the free market? If there truly is collusion, let it be proven, and the guilty punished.

I think without the minimum wage, wages would actually be higher. If you want better employees or to entice them away from your competitor, you pay a higher wage. And there is always the smaller leaner company that has a different model that supports paying a higher wage. Then the big companies realize they have to compete for employees so they raise the wage they pay. After all its called competition, and it applies to employees as well as the products and services offered.

bigdeal

TCR, so easy-peasy to pick apart a quote and use only the part you want? Vlad would be so proud of you!

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