Problem

washingtonpost.com

Uncertainty over whether Washington will agree a spending and taxation deal that is crucial to keeping the U.S. economic recovery on track kept a lid on global market gains on Monday.

Economists have said the U.S. risks slipping into recession if hundreds of billions of dollars in expiring tax cuts and automatic spending reductions take effect on Jan. 1 — the so called “fiscal cliff.” Congress and the White House must find a compromise to prevent a big hit to the world’s biggest economy.

President Barack Obama, fresh from a re-election victory, and House Speaker John Boehner have spoken of compromise but appear to be taking a firm stances on some issues, including whether to raise taxes for the wealthiest.

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Image: Cholera bacteria, image from Wikipedia

submitted by Jenny Boyle

tribune242.com - October 31st, 2012 - Maranda McBride, Lemuria Carter, Merrill Warkentin

Last night the Ministry of Health confirmed its first case of cholera. It said that although it continues to investigate, “there are no other reported cases of cholera in the Bahamas.”

The Ministry said that it “continues its heightened surveillance activities and other necessary precautions to identify cases and prevent the transmission of cholera in the Bahamas.”

It advised the public to use clean water, wash their hands regularly and otherwise maintain good hygienic practices to prevent cholera from developing and spreading.

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reuters.com - November 4th, 2012 - Krista Hughes and Julien Toyer

Finance chiefs of leading economies pressed the United States on Sunday to avert a rush of spending cuts and tax hikes that could hurt global output next year, though some countries still saw Europe's debt crisis as the No. 1 danger.

Unless a fractious Congress can move quickly to reach a deal after Tuesday's U.S. elections, about $600 billion in government spending cuts and higher taxes are set to kick in from Jan. 1, threatening to push the American economy back into recession.
   
"They need to act swiftly on the fiscal cliff and then they will need to put in place a medium-term fiscal consolidation," Australian Treasurer Wayne Swan told Reuters before ministers from the Group of 20 countries gathered for talks.

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image: Hurricane Sandy churns off the coast of Florida as a line of clouds associated with a powerful cold front approaches the U.S. East Coast on Oct. 26, 2012

businessweek.com - November 1st, 2012 - Paul M. Barrett

Men and women in white lab coats tell us—and they’re right—that many factors contribute to each severe weather episode. Climate deniers exploit scientific complexity to avoid any discussion at all.

Clarity, however, is not beyond reach. Hurricane Sandy demands it: At least 40 U.S. deaths.

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