WASHINGTON (AP) — Workers probably won’t feel the full brunt of next year’s tax increases in their January paychecks, but don’t be fooled by the temporary reprieve.No matter what Congress does to address the year-end fiscal cliff, it’s already too late for employers to accurately withhold income taxes from January paychecks, unless all the current tax rates remain unchanged, which is an unlikely scenario.Social...
Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"
Label: WorldNEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...
Douglas wins AP female athlete of the year honors
Label: TechnologyWhen Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...
Dec
21
Goodbye, U.S. Postal Service?
Label: LifestyleThis Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...
‘Zero Dark Thirty’ One of Biggest Mid-Week Limited Debuts Ever
Label: HealthLOS ANGELES (TheWrap.com) – “Zero Dark Thirty” has been slammed by several senators for its depiction of torture, but the issue only appears to have helped it at the box office.Director Kathryn Bigelow‘s dramatization of the hunt for Osama Bin Laden racked up an estimated $ 124,848 in five theaters in New York City and Los Angeles on Wednesday. That’s an average of $ 24,969, making it one of the biggest...
He’s 28, and Here to Take Over Your Company
Label: BusinessRyan Morris spent a week steeling himself for the showdown. Then 27 years old, he was in his first campaign as an activist investor, trying to wrest control of a small company named InfuSystem (INFU), which provides and services pumps used in chemotherapy. In the meeting, Morris would confront InfuSystem’s chairman and vice chairman, two men in their 40s, and tell them that as a shareholder, he thought...
LPS’ “First Look” Mortgage Report: November Month-End Data Shows Slight Increase in Delinquencies, Decline in Foreclosures
Label: WorldJACKSONVILLE, Fla., Dec. 21, 2012 /PRNewswire/ — Lender Processing Services, Inc. (LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following “first look” at November 2012 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.(Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO...
Wall Street falls at open on "cliff" worry
Label: WorldThough Robert Pattinson stuck by her, Ben Affleck has left Kristen Stewart in the dust. Citing a schedule crunch, the actor has backed out of Focus, a con-artist movie set to costar Stewart and begin filming this spring. Stewart had just said in a recent interview that she was excited to start shooting, but now who knows what will happen. "Hi Kristen. We know that you were excited about...
AP IMPACT: Big Pharma cashes in on HGH abuse
Label: TechnologyA federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...
Dec
20
On gun control, look to Biden
Label: LifestyleRebecca Puckwalter-Poza says Vice President Joe Biden was a leader on gun control in the Senate.STORY HIGHLIGHTSRebecca Buckwalter-Poza: Obama has apparently tapped Biden as gun control point manShe says he was leader in Senate on issue, shepherding 1994 gun control legislationIt banned manufacture of many semi-automatic guns,criminalized high-capacity magazinesWriter: Biden worked across aisle; he's...
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