WASHINGTON (AP) — President Barack Obama and his family are spending the Christmas holidays in Hawaii, where the president was born and raised.The first family left Washington aboard Air Force One on Friday night. They are to arrive in Honolulu early Saturday.White House officials say the president's vacation itinerary doesn't include any scheduled public events.No return date has been given by the White House. Obama himself said earlier Friday that, since a deal hasn't been reached to avert the so-called "fiscal cliff," he would be returning to Washington after Christmas. The president told reporters: "I'll see you next week."Obama and his family traditionally spend the end-of-year holidays in Hawaii.And how much does that cost the American Taxpayer? The man has no respect for the US taxpayer's money. QB
News Corp says publishing wing lost money
My heart bleeds for Lord VoldeMurdock and his newseaters. QB(Reuters) - Rupert Murdoch's News Corp said the publishing arm it plans to spin off from its entertainment assets would have lost $2.08 billion in the last fiscal year if it were a standalone company.
News Corp filed with the U.S. Securities and Exchange Commission on Friday to separate its publishing and entertainment assets into two publicly traded companies. News Corp first announced the decision in June after shareholders pressed it to get rid of its troubled newspaper business.
"New News Corp," as the company dubs its publishing wing, will include newspapers, information marketing services, digital real estate, book publishing, digital education, and sports programming and pay-TV distribution in Australia, the company said on Friday.
News Corp's film and television businesses currently include the 20th Century Fox film studio, Fox broadcasting network and Fox News channel, which will be part of the renamed parent company that will be called Fox Group.
News Corp's stock fell 1.5 percent to $25.04 in morning trading on Friday.http://www.chicagotribune.com/business/sns-rt-us-newscorp-splitbre8bk0hr-20121221,0,7790849.story
Boehner Says Republicans Didn’t Want Tax Increase
Of course they didn't. They all signed the Norquist pledge. QBHouse Speaker John Boehner said some members of the Republican caucus refused to back his tax measure because they didn’t want to be accused of raising taxes. (Again the Norquist Pledge as they'd rather go off the cliff)
Boehner spoke to reporters in Washington a day after he scrapped a plan to allow higher tax rates on annual income above $1 million, throwing already-stalled budget talks into turmoil.It was “not the outcome I wanted, but it was the will of the House,” Boehner said. “They were dealing with the perception that someone might accuse them of raising taxes.”Until Dec. 17, President Barack Obama and Boehner had been edging closer to a deal that would have included $1 trillion each in tax increases and spending cuts.Now that Boehner has pulled his plan, House members and senators won’t vote on the end-of-year budget issues until after Christmas. That will give them less than a week to reach agreement to avert more than $600 billion in tax increases and spending cuts set to take effect in January.The speaker said he pushed his alternative tax plan in the House to “basically jump start and try to kick into gear some action by the Senate to avert these tax increases going into effect Jan. 1.”Boehner said he and Obama had traded “bottom line” offers on spending cuts and taxes. He urged the Senate to take up legislation the House passed Aug. 1 that would extend the current rates on all taxpayers.http://www.bloomberg.com/news/2012-12-21/boehner-republicans-didn-t-want-to-appear-to-raise-taxes.html
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