Sunday, December 4, 2011

Romney promises to "earn it" in New Hampshire (Reuters)

MANCHESTER, New Hampshire (Reuters) ? Republican presidential candidate Mitt Romney flexed his campaign's organizational muscle in the key early voting state of New Hampshire on Saturday, unleashing hundreds of volunteers to knock on doors and make phone calls on his behalf.

Standing before a poster reading "Earn It," Romney said his campaign has already placed 200,000 phone calls in the state of 1.3 million people, and planned to call an additional 12,000 potential voters today.

Romney, former governor of neighboring Massachusetts, has held a wide lead in most polls of likely Republican voters in New Hampshire, which holds the first primary of the 2012 presidential contest on Jan 10.

But in a survey taken November 28, former U.S. House Speaker Newt Gingrich pulled to within 10 percentage points of Romney following an important newspaper endorsement.

Gingrich has added advisers in New Hampshire recently, but his grass-roots apparatus there pales next to that of Romney, whose volunteers aimed to "knock on 5,000 doors ... and put together 10,000 yard signs" on Saturday alone.

Romney continued to draw contrasts with Gingrich, who has soared to the top of many national Republican polls.

Gingrich could benefit from the suspension of businessman Herman Cain's campaign on Saturday after weeks of allegations about sexual impropriety.

Romney, who has had an uneasy relationship with the conservative Tea Party that has been the core of Cain's support, made an appeal for the group's backing by highlighting his background in the private sector.

"Speaker Gingrich is a fine person but he's spent his life in Washington," said Romney. "That doesn't exactly line up with the Tea Partiers. I think when things are said and done I'll have good support from the Tea Party and hopefully the majority of their support."

Among those coming out to knock on doors for Romney was David Swett of Concord, who said he voted for President Barack Obama in 2008 but was backs the Republican, despite disagreeing with him on issues such as abortion.

"I've been a Democrat for 20 years but I think the country's in trouble," Swett said, praising Romney's leadership as Massachusetts governor and as head of the 2002 Winter Olympics in Salt Lake City. "Gingrich is too far to the right."

(Reporting by Jason McLure; Editing by Ros Krasny and Eric Walsh)

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/nm/20111203/pl_nm/us_usa_campaign_romney

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Saturday, December 3, 2011

Accuser's lawyers: Sandusky account 'unconvincing'

FILE - This Nov. 5, 2011 file photo provided by the Pennsylvania Office of Attorney General shows former Penn State football defensive coordinator Gerald "Jerry" Sandusky, who sexually abused a boy more than 100 times, then threatened his family to keep him quiet about the encounters, according to a lawsuit filed Wednesday, Nov. 30, 2011 that details new accusations not included in criminal charges against him. (AP Photo/Pennsylvania Office of Attorney General, File)

FILE - This Nov. 5, 2011 file photo provided by the Pennsylvania Office of Attorney General shows former Penn State football defensive coordinator Gerald "Jerry" Sandusky, who sexually abused a boy more than 100 times, then threatened his family to keep him quiet about the encounters, according to a lawsuit filed Wednesday, Nov. 30, 2011 that details new accusations not included in criminal charges against him. (AP Photo/Pennsylvania Office of Attorney General, File)

(AP) ? Former Penn State defensive coordinator Jerry Sandusky maintains he never sexually abused children and portrays himself in a New York Times interview as a father-like figure to the kids in his life.

The Times reported Saturday that Sandusky also insisted he never spoke with Joe Paterno about any allegations of misconduct.

"They've taken everything that I ever did for any young person and twisted it to say that my motives were sexual or whatever," Sandusky said. "I had kid after kid after kid who might say I was a father figure. And they just twisted that all."

Sandusky has been charged with 40 counts of molesting eight boys over 15 years and is free on bail while awaiting a preliminary hearing Dec. 13. A grand jury investigating Sandusky said in a report that some of the assaults occurred in the Penn State football showers, including a 2002 allegation in which a graduate assistant testified he saw Sandusky sodomizing a young boy.

University trustees fired Paterno ? major college football's winningest coach ? on Nov. 9, four days after charges were filed against Sandusky, amid mounting criticism that school leaders should have done more when allegations came to their attention.

During a lengthy interview with The Times at his lawyer's home, Sandusky painted a picture of chaotic but friendly scenes involving children he described as extended family at his State College, Pa., home. There were sleepovers, wrestling matches, and children playing with dogs at the house after football games.

The descriptions sharply contrast with the shocking allegations involving children outlined in the grand jury report, including oral and anal sex. One accusation, from 2000, describes a janitor walking into the assistant coaches' shower room and seeing Sandusky holding a boy "up against the wall and licking on him."

Three attorneys representing one of the alleged victims released a statement Saturday, with attorney Andrew Shubin calling Sandusky's comments "an entirely unconvincing denial and a series of bizarre explanations."

Sandusky told the newspaper he and Paterno never spoke about the alleged 2002 incident or a 1998 child molestation complaint investigated by Penn State campus police.

"I never talked to him about either one," Sandusky said. "That's all I can say. I mean, I don't know." He worked for Paterno for nearly 30 years.

Messages left Saturday by The Associated Press seeking comment from representatives for Paterno were not immediately returned.

Paterno testified before the grand jury that the graduate assistant told him in 2002 about the assault he had witnessed, and that he relayed the report to his superior, athletic director Tim Curley.

The graduate assistant, Mike McQueary, later met with Curley and Gary Schultz, a university vice president who oversaw campus police. But authorities said the allegation was not passed on to police or prosecutors.

Curley and Schultz are charged with failing to report the 2002 allegation and lying to the grand jury. Curley is on administrative leave, while Schultz has stepped down. Lawyers for both men have said their clients are innocent.

Prosecutors have said Paterno is not a target of the investigation.

Paterno's son, Scott Paterno, told the AP last month the first and only incident reported about Sandusky to Paterno was in 2002. Paterno has said in a statement that specific actions alleged to have occurred in the grand jury report were not relayed to him

Still, the state's top cop has criticized the way school leaders handled allegations and said Paterno and other officials had a moral responsibility to do more.

The 84-year-old Paterno initially announced his retirement effective at the end of the season, saying that the scandal was "one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more." The trustees fired him anyway, about 12 hours later.

Sandusky said that prosecutors have misconstrued his work with children. He described a family and work life that "could often be chaotic, even odd, one that lacked some classic boundaries between adults and children," the Times reported.

"It was, you know, almost an extended family," Mr. Sandusky said of his household's relationship with children from the charity he founded, The Second Mile. He characterized his experiences with children was close with as "precious times," and said the physical aspect of the relationships "just happened that way."

But Saturday's statement from one accuser's attorneys called such comments a "delusional rationalization."

"Pedophiles often horribly mischaracterize the abuse they perpetrate as something that their victims sought or benefited from," said Justine Andronici, who represents the same accuser as Shubin.

A third attorney, David Marshall, added that Sandusky's interview "goes a long way toward corroborating the victims' accounts" because Sandusky acknowledges "he 'wrestled' and showered alone with boys, gave them gifts and money, and travelled with them."

Allegations involving two victims occurred in Sandusky's home, according to the grand jury report.

"Victim One testified that Sandusky had a practice of coming into the basement room after he told Victim One that it was time to go to bed," the grand jury report said. "Victim One testified that Sandusky would 'crack his back,'" which was described in the report as Sandusky getting on to the bed and "rolling under the boy."

Sandusky is accused of mining the ranks of Second Mile to find underprivileged boys to abuse, which he says is false. He said that the charity never restricted his access to children until he became the subject of a criminal investigation in 2008.

He acknowledged that he regularly gave money to the disadvantaged boys at his charity, opened bank accounts for them and gave them gifts that had been donated to the charity.

"I tried to reward them sometimes with a little money in hand, just so that they could see something," he said. "But more often than not, I tried to set up, maybe get them to save the money, and I put it directly into a savings account established for them."

The paper said he grew most animated when talking about his relationships with children and most disconsolate when he spoke of Paterno and Penn State, and the upheaval caused by his indictment.

"I don't think it was fair," he is quoted as saying.

During the interview, Sandusky said his relationships and activities with Second Mile children caused some strain with Paterno. He told the paper he worried that having some children with him at hotels before games or on the sideline during games could have been regarded as a distraction by Paterno.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-12-03-Penn%20State-Abuse-Sandusky/id-d8b34cee8cab41bc8afba79f0ad48606

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CA-CANADA Summary (Reuters)

Natives to oppose West Coast oil pipelines

(Reuters) ? Aboriginal groups in the Canadian Pacific province of British Columbia said on Thursday they had formed a united front to oppose all exports of crude oil from the Alberta tar sands through their territories. The declaration is another political blow to the Canadian energy sector and Canada's right-of-center Conservative government after Washington decided last month to delay approving a pipeline carrying oil sands crude to the Gulf Coast.

RBC PMI shows slower manufacturing growth

TORONTO (Reuters) - Canadian manufacturing growth slowed in November to the weakest level in four months as worsening global economic conditions took a toll on the domestic environment, data on Thursday showed. The RBC Canadian Manufacturing Purchasing Managers' Index came in at 53.31 in November, above the level of 50 that separates expansion from contraction.

Supreme Court to hear corn syrup price-fixing

(Reuters) - Canada's Supreme Court said on Thursday it will hear a case that alleges producers of high-fructose corn syrup, including U.S. agribusiness giants Cargill Inc and Archer Daniels Midland Co, conspired to fix the sweetener's price. The case involves efforts to set up a class action lawsuit. It was brought by Sun-Rype Products Ltd, a Canadian juice and fruit-snack company based in British Columbia, and by a consumer representing potential individual claimants.

Chrysler Canada November auto sales up, Ford slips

TORONTO (Reuters) - Auto sales at the Canadian arms of Chrysler Group LLC and Toyota rose in November on strong car sales, while Ford Motor Co's sales slipped again, despite higher truck volumes. Ford Canada's combined car and truck sales skidded 1.5 percent last month to 18,103 units on a 14 percent tumble in car sales. The Focus remained the company's most popular car, while the F-Series truck topped overall vehicle sales.

RIM, Nokia deny use of Carrier IQ software

TORONTO (Reuters) - Research In Motion does not install, nor authorize, its carrier partners to install "Carrier IQ" monitoring software on its BlackBerry smartphones, the company said on Thursday. RIM made the statement after a security researcher said the "Carrier IQ" application, which can monitor what device users are doing, has been installed on mobile devices from multiple vendors without the knowledge or consent of customers.

Maple says TMX deal benefits all, working with Ottawa

TORONTO (Reuters) - The consortium seeking to buy the owner of the Toronto Stock Exchange sought to assure regulators on Thursday it would not become an unfair monopoly, even as the federal competition watchdog signaled it had "serious concerns" about the C$3.8 billion deal. Appearing before regulators at Canada's most powerful securities watchdog, representatives of Maple Group stressed the proposal to buy TMX Group would benefit all market players. Maple is comprised of 13 of Canada's most powerful financial institutions.

Flaherty tells Europe to fight crisis with own money

NEW YORK (Reuters) - European leaders should not expect outside help until euro zone countries have put up more of their own resources to try to stem their financial crisis, Canada's finance minister said on Wednesday. Finance Minister Jim Flaherty said it was not the right time for euro zone countries to turn to the International Monetary Fund for help.

Harper welcomes Q3 GDP, concerned about Europe

(Reuters) - Prime Minister Stephen Harper on Wednesday welcomed strong third-quarter economic growth figures but expressed concern about the European debt crisis. The Canadian economy grew by a faster-than-expected 3.5 percent, annualized, in the third quarter, according to Statistics Canada data released earlier on Wednesday.

Canada natives sue Shell over oil sands funding

TORONTO (Reuters) - A Canadian native group is suing Royal Dutch Shell Plc for what it said was a failure by the oil major to live up to environmental funding agreements tied to Shell's massive northern Alberta oil sands developments. The Athabasca Chipewyan First Nation seeks C$1.5 million ($1.47 million) from Shell for allegedly blocking requests for money to be used for sustainable development and education initiatives in the community under agreements made in 2003 and 2006.

TSX falls as weak global data hits banks, miners

TORONTO (Reuters) - Canadian stocks fell on Thursday following three days of gains, as banks and resource issues turned lower on weak global manufacturing data and fears that Europe's debt problems would persist. Despite better-than-expected earnings from two of Canada's largest banks, financial stocks fell more than 1 percent after soft Asian and European manufacturing data renewed fears of a global economic slowdown.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20111201/wl_canada_nm/canada_summary

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Violent wind storm leaves path of destruction

Palm fronds line a street in the Los Feliz section of Los Angeles on Thursday, Dec. 1, 2011 after high winds flipped over trees and trucks and knocked out power to more than 300,000 California customers early Thursday before moving inland, where schools in a Utah town closed because of 100 mph wind gusts. (AP Photo/Alicia Chang)

Palm fronds line a street in the Los Feliz section of Los Angeles on Thursday, Dec. 1, 2011 after high winds flipped over trees and trucks and knocked out power to more than 300,000 California customers early Thursday before moving inland, where schools in a Utah town closed because of 100 mph wind gusts. (AP Photo/Alicia Chang)

This NOAA satellite image taken Wednesday, November 30, 2011 at 1:00 PM EST shows variable cloud cover over the West. Areas of light snow showers and high winds form in southeastern Idaho and Utah, ahead of cold front extending from the Northern Rockies through northern California. A variety of Wind Advisories and High Win Watches and Warnings remain in effect for parts of California through western Utah. Meanwhile, light to moderate snow showers with periods of heavy snowfall and windy weather conditions occur from Montana through the Northern Plains, ahead of a Canadian cold front dropping down from southern Canada. Winter Storm Warnings and Winter Weather Advisories are in effect for these regions through the evening. Snow accumulations for today are expected to range from 6 to 12 inches above 5,000 feet and 3 to 6 inches at lower elevations in the Northern Rockies. Snow Accumulations in the Northern Plains will range from 1 to 3 inches in the southwest and between 3 and 5 inches in the northwest. (AP Photo/Weather Underground)

A significant wind event will continue across California and the Great Basin, while snow will persist from the central Plains to central Great Basin. A cold front will trigger more snow showers to the Upper Midwest and Great Lakes.

Kindergarteners from a Jewish Community Center in Salt Lake City, Utah, take a quick field trip to the front of the JCC to check out the large pine that was knocked over by strong winds on Thursday, Dec. 1, 2011. High winds ripping through Utah have overturned several semi-trucks, knocked out power to more than 50,000 customers and prompted school closures. (AP Photo/ The Salt Lake Tribune, Francisco Kjolseth)

Neighbors help remove a tree that toppled onto the house of Don and Louise Lochhead in Bountiful, Utah, Thursday, Dec. 1, 2011. High winds ripping through Utah have overturned several semi-trucks, knocked out power to more than 50,000 customers and prompted school closures. (AP Photo/ The Salt Lake Tribune, Rick Egan)

(AP) ? Several overturned semis on a Utah highway. Hundreds of thousands without power in California. A wind gust reaching 123-mph in Colorado.

The powerful winds that tore across Western states Thursday created a path destruction that closed schools, left neighborhoods with a snarl of downed trees and power lines, and prompted some communities to declare emergencies.

The storms, described as a once-in-a-decade event, were the result of a dramatic difference in pressure between a strong, high-pressure system and a cold, low-pressure system, meteorologists said. This funnels strong winds down mountain canyons and slopes.

The system brought high wind warnings and advisories for California, Utah, Nevada, Wyoming, Arizona and New Mexico. The blustery weather is expected to eventually hit Oklahoma, Missouri and Indiana.

The violent winds eased but strong gusts still blew through the region Thursday night, at times reaching 60 mph in some California mountains. Forecasters said the winds would continue to diminish through Friday.

The winds were fanning fires in northern California.

The Sacramento Bee reported that as of Thursday evening, seven fires had burned more than 130 acres in El Dorado County. Five fires had also burned more than 250 acres in Tuolumne and Calaveras counties.

In Southern California, the storm knocked out electricity to more than 350,000 utility customers. By early Friday, 270,000 of them were still without power.

Gusts, which reached 80 mph, were blamed for toppling semitrailers and causing trees to fall on homes, apartment complexes and cars.

A state of emergency was declared in Los Angeles County, where schools in a dozen communities were closed.

In some neighborhoods, concrete light poles cracked in half. Darkened traffic signals and fallen palm tree fronds and branches snarled traffic. At a Shell station, the roof collapsed into a heap of twisted metal.

In heavily damaged Pasadena, schools and libraries closed and a local emergency, the first since 2004, was declared. Officials said 40 people were evacuated from an apartment building after a tree smashed part of the roof.

Pasadena is known for its historic homes and wide oak-lined streets that are frequently depicted in films.

Many residents Thursday blamed the city for protecting its old trees from over-trimming to such an extent that they have now become a public safety hazard.

Vince Mehrabian, the general manager at A&B Motor Cars, estimated eight Lexus, Cadillac and other luxury cars had been destroyed by fallen limbs. He said he'd been asking the city for four years to trim the trees more.

On a street around the corner, almost every tree was either cracked in half or missing limbs.

Elsewhere, Daphne Bell, a 30-year Pasadena resident, said she was kept awake by howling wind. "This is the worst, the absolute worst. There were times it sounded like a freight train was roaring down my driveway," she said.

Similar stories of downed trees and power lines echoed across the West, where winds in some areas ripped storefront awnings, filled gutters with debris and forced school closures.

In Utah, about 50,000 customers lost power along the state's 120-mile Wasatch Front as high winds took down power lines, but service was restored to more than half of them by Thursday night.

On Interstate 15, strong gusts blew more than 10 semi-trucks onto their sides, prompting authorities to temporarily close the highway to trucks. Commuter train travel was also interrupted after debris covered the tracks.

Schools closed in Centerville, where a 102-mph gust was reported. Mail delivery and trash pickup were canceled.

Davis County issued a disaster declaration to request state assistance, citing more than $3.5 million in estimated damage to infrastructure.

The Red Cross opened three centers to provide food and aid to people affected by the storm, and opened one overnight shelter in Ogden.

In Nevada, weather officials warned that blowing dust was creating visibility problems on a highway between Reno and Las Vegas.

In Steamboat Springs, Colo., the roof of a four-story condominium complex was blown off and about 100 trees were knocked over, some landing on homes. A ski area shut down its lifts after a gust of 123 mph.

Even some weather experts were surprised by the wind's force.

"It's one of the strongest events that I can remember," said Brian Edwards, a meteorologist with Accuweather. "It's rather rare."

___

Associated Press writers John Rogers and Alicia Chang in Los Angeles, Jennifer Dobner in Salt Lake City, and Oskar Garcia in Las Vegas contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-12-02-Western%20Winds/id-ef5b33dd12134003bb56b9658b697471

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Friday, December 2, 2011

Researchers examine role of inflammatory mechanisms in a healing heart

ScienceDaily (Nov. 30, 2011) ? Virginia Commonwealth University researchers have found that an inflammatory mechanism known as inflammasome may lead to more damage in the heart following injury such as a heart attack, pointing researchers toward developing more targeted strategies to block the inflammatory mechanisms involved.

Following a heart attack, an inflammatory process occurs in the heart due to the lack of oxygen and nutrients. This process helps the heart to heal, but may also promote further damage to the heart. The mechanisms by which the heart responds to injury are not fully understood, so researchers have been examining the cellular pathways involved to gain further insight.

In a study published online the week of Nov. 21 in the Proceedings of the National Academy of Sciences, researchers addressed the role of a specific inflammatory mechanism, called inflammasome, during the process of healing in the heart. Using an animal model, the team found that inflammasome amplifies the response by generating the production of a key inflammatory mediator known as Interleukin-1?. Further, they described that pharmacologic inhibition of the formation of inflammasome prevents heart enlargement and dysfunction.

"Defining the role of the inflammasome in the response to injury in the heart and the possibility to intervene opens a new area of investigation for the prevention and treatment of heart failure following a heart attack," said Antonio Abbate, M.D., assistant professor of medicine in the VCU Department of Internal Medicine and Division of Cardiology.

According to Abbate, who serves as the interim director for the cardiac intensive care unit at the VCU Pauley Heart Center, this study supports the team's previous findings that showed that Interleukin-1? affects the heart, and blocking Interleukin-1? benefits patients of heart attack and heart failure.

"Based on the findings of the current study we are even more convinced that blocking Interleukin-1? may be safe and beneficial, and we are now exploring novel ways to do so," he said.

Abbate said there are four ongoing clinical trials at the VCU Pauley Heart Center in patients with various heart conditions treated with a drug called anakinra which blocks Interleukin-1?.

Abbate and his team continue to examine the molecular mechanisms of inflammasome formation and heart injury, and hope to determine new ways to intervene with potentially more targeted strategies in the future.

The study was conducted in the Victoria W. Johnson Center for Research at VCU, which is directed by Norbert Voelkel, M.D, professor of medicine in the Pulmonary and Critical Care Division.

Abbate led with a multidisciplinary team of VCU researchers biologists, physicians, and pharmacists including Eleonora Mezzaroma, Ph.D., and Stefano Toldo, Ph.D., post-doctoral associates in the VCU Pauley Heart Center; Daniela Farkas, B.S., research specialist in the Victoria Johnson Research Laboratory; Benjamin Van Tassell, Pharm.D., assistant professor of pharmacology and outcome sciences; and Fadi Salloum, Ph.D., assistant professor of medicine and physiology in the VCU Pauley Heart Center.

This study was supported by a grant from the American Heart Association.

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Journal Reference:

  1. E. Mezzaroma, S. Toldo, D. Farkas, I. M. Seropian, B. W. Van Tassell, F. N. Salloum, H. R. Kannan, A. C. Menna, N. F. Voelkel, A. Abbate. The inflammasome promotes adverse cardiac remodeling following acute myocardial infarction in the mouse. Proceedings of the National Academy of Sciences, 2011; DOI: 10.1073/pnas.1108586108

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/_TqTrHFswjQ/111130141859.htm

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Why has inequality gone up so much?

For most Americans, the ability to lay claim to any economic growth of the nation at large has been vastly diminished

The main reason?the outer layer of the onion, if you will?is the diminished ability of most Americans to claim as much of the economy?s growth as they once did.

Skip to next paragraph Jared Bernstein

?

Before joining the Center on Budget and Policy Priorities as a senior fellow, Jared was chief economist to Vice President Joseph Biden and executive director of the White House Task Force on the Middle Class. He is a contributor to MSNBC and CNBC and has written numerous books, including 'Crunch: Why Do I Feel So Squeezed?'

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I?ll explain what I mean by that in a moment, but it may sound like a different explanation than you?re used to hearing.?? Typically, we hear globalization (g), technological change (t), increased returns (ir) to high levels of education or superstar talents.? All of which play a role, but all of which have existed forever.? So something else must have changed.

Some of what?s changed relates to g, t, and ir themselves. US global trade, as measured by the sum of import and export shares of GDP, increased from around 10% in the 1960s to around 30% now, and the increased competition?and large, persistent trade deficits?with low-wage countries has held down wages and jobs in ?tradable sectors.?? Technology appears to have become more ?labor saving? in recent years, meaning if what you do is at all repetitive, you can be replaced by a machine.? If you write the software that runs said machines, that?s better.? College attainment has significantly slowed in recent years, and that?s been a factor as well.

But these are not the main reasons for the growth in economic inequality.? These are merely time honored forces that have the potential to deliver the benefits of growth toward a narrower sliver of the income scale.? What?s changed?the reason that potential is now realized?is the absence of a countervailing force pushing back the other way.

Unions, of course, come to mind, and there?s good research showing that less unionization is associated with faster growing inequality.? Other labor market institutions matter as well, including the erosion of the minimum wage, sectoral policies (e.g., promoting manufacturing), and the inattention to labor standards such as wage and hour rules, overtime regulations, and workplace safety.? Such policies provide some countervailing force to workers beset by the pressures of globalization, technology, and whatever else is skewing economic returns.

I?ve stressed the importance of low unemployment here as well.? It?s no accident that periods of truly tight labor markets have consistently been ones where inequality?s growth was constrained.? And that makes sense: full employment labor markets give working people the bargaining clout they lack when the supply of workers much exceeds the demand.

An intimately related factor at the core of the inequality problem is the toxic combination of ?rational expectations,? efficient markets hypothesis, trickle-down economics, and increased money in politics. The first two argue that anything that looks like a countervailing force?whether it?s full employment policy, a higher minimum wages, or even using policy to burst a financial bubble?distort market outcomes and must be stopped.

The latter two take that dangerously wrong theory and plug it into regressive tax policy, aggressive deregulation, and the dismantling of any countervailing force that might have pushed back on inequality in earlier times.

That?s about where things stand right now.? We?re way far away from full employment?have been for over a decade.? Unions are fighting to stay alive, especially in the public sector, with little help from national policy. ?Progressive taxation, another important force in dampening inequality?s growth (see the top figure here), is under constant attack. ? And while the Obama administration and a precious few in Congress fight the toxic combination of bad economic theory and its policy implications, they are too often no match for the power and reach of the deep-pocketed opposition, who continue to oppose any countervailing force, from health care and financial reform to countercyclical measures that might lower the jobless rate even just a tad.

As long as policy remains stymied in its ability to provide the majority of the workforce with some measure of force, some bargaining power, to push for their fair share of the growth they themselves are helping to create, inequality will continue grow apace.

Like they say in that movie, may the (countervailing) force be with you.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on jaredbernsteinblog.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/fXXncQ85KhI/Why-has-inequality-gone-up-so-much

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Congressional leaders seek end to rail impasse (Reuters)

WASHINGTON (Reuters) ? Leaders in the House of Representatives and Senate introduced measures on Thursday that would prevent a possible work stoppage by railroad freight engineers and other workers next week.

The proposals were different in scope but sought to head off an impasse on December 6 involving rail unions representing close to 50,000 workers and negotiators for four major railroads.

A resolution proposed by Senate Leader Harry Reid, a Democrat, would extend the negotiating deadline for two months, until February 8.

A resolution introduced by House Transportation Committee Chairman John Mica would require unions to accept the contract recommendations of a presidential board which, under federal law, was created to produce a settlement.

Most of the 13 unions representing 130,000 workers initially involved in bargaining agreed to contracts before and after the appointment of the Presidential Emergency Board, which became effective in October after mediated talks broke down.

Government intervention is permitted under federal law in railroad and airline disputes if an impasse or potential strike is considered damaging to commerce.

The talks involve workers for CSX Corp, Norfolk Southern, Union Pacific and Burlington Northern Santa Fe -- owned by Warren Buffett's Berkshire Hathaway Inc.

Increased healthcare costs have been a sticking point in the talks, which still involve three labor groups, including locomotive engineers.

Congress has intervened to end railroad disputes previously.

(Reporting by John Crawley; editing by Bob Burgdorfer)

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/nm/20111202/pl_nm/us_usa_railroads

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