Italy PM Monti resigns, elections likely in February






ROME (Reuters) – Italian Prime Minister Mario Monti tendered his resignation to the president on Friday after 13 months in office, opening the way to a highly uncertain national election in February.


The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he has faced growing pressure to seek a second term.






President Giorgio Napolitano is expected to dissolve parliament in the next few days and has already indicated that the most likely date for the election is February 24.


In an unexpected move, Napolitano said he would hold consultations with political leaders from all the main parties on Saturday to discuss the next steps. In the meantime Monti will continue in a caretaker capacity.


European leaders including German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso have called for Monti’s economic reform agenda to continue but Italy’s two main parties have said he should stay out of the race.


Monti, who handed in his resignation during a brief meeting at the presidential palace shortly after parliament approved his government’s 2013 budget, will hold a news conference on Sunday at which he is expected clarify his intentions.


Ordinary Italians are weary of repeated tax hikes and spending cuts and opinion polls offer little evidence that they are ready to give Monti a second term. A survey this week showed 61 percent saying he should not stand.


Whether he runs or not, his legacy will loom over an election which will be fought out over the painful measures he has introduced to try to rein in Italy’s huge public debt and revive its stagnant economy.


His resignation came a couple of months before the end of his term, after his technocrat government lost the support of Silvio Berlusconi‘s centre-right People of Freedom (PDL) party in parliament earlier this month.


Speculation is swirling over Monti’s next moves. These could include outlining policy recommendations, endorsing a centrist alliance committed to his reform agenda or even standing as a candidate in the election himself.


The centre-left Democratic Party (PD) has held a strong lead in the polls for months but a centrist alliance led by Monti could gain enough support in the Senate to force the PD to seek a coalition deal which could help shape the economic agenda.


BERLUSCONI IN WINGS


Senior figures from the alliance, including both the UDC party, which is close to the Roman Catholic Church, and a new group founded by Ferrari sports car chairman Luca di Montezemolo, have been hoping to gain Monti’s backing.


He has not said clearly whether he intends to run, but he has dropped heavy hints he will continue to push a reform agenda that has the backing of both Italy’s business community and its European partners.


The PD has promised to stick to the deficit reduction targets Monti has agreed with the European Union and says it will maintain the broad course he has set while putting more emphasis on reviving growth.


Berlusconi’s return to the political arena has added to the already considerable uncertainty about the centre-right’s intentions and increased the likelihood of a messy and potentially bitter election campaign.


The billionaire media tycoon has fluctuated between attacking the government’s “Germano-centric” austerity policies and promising to stand aside if Monti agrees to lead the centre right, but now appears to have settled on an anti-Monti line.


He has pledged to cut taxes and scrap a hated housing tax which Monti imposed. He has also sounded a stridently anti-German line which has at times echoed the tone of the populist 5-Star Movement headed by maverick comic Beppe Grillo.


The PD and the PDL, both of which supported Monti’s technocrat government in parliament, have made it clear they would not be happy if he ran against them and there have been foretastes of the kind of attacks he can expect.


Former centre-left prime minister Massimo D’Alema said in an interview last week that it would be “morally questionable” for Monti to run against the PD, which backed all of his reforms and which has pledged to maintain his pledges to European partners.


Berlusconi who has mounted an intensive media campaign in the past few days, echoed that criticism this week, saying Monti risked losing the credibility he has won over the past year and becoming a “little political figure”.


(Additional reporting by Gavin Jones, Massimiliano Di Giorgio and Paolo Biondi; Writing by Gavin Jones and James Mackenzie; Editing by Michael Roddy)


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Brain Benefits for the Holidays? Stuff the Stocking with Video Games









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‘So You Think You Can Dance’ Hoofs It Into a 10th Season






LOS ANGELES (TheWrap.com) – Put on your dancing shoes; “So You Think You Can Dance” has been given a 10th season, Fox said Thursday.


Auditions for the upcoming season will begin January 18 in Austin, Texas, before moving on to Detroit, Boston, Los Angeles and Memphis.






Fox’s president of alternative programming Mike Darnell praised “SYTYCD” creator Nigel Lythgoe in announcing the renewal.


“I couldn’t be more proud of the amazing work that Nigel and the entire ‘So You Think You Can Dance’ team has done over the past nine seasons,” Darnell said. “This show is truly one of the most compelling series on television and I can’t wait to bring it back for Season 10.”


Last season, the series underwent a format shakeup after Fox cut the show from two nights a week to one, eliminating the results shows.


Fox did not say when the new season of “So You Think You Can Dance” will premiere.


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St. Clare Commons Announces Partnerships to Improve Senior Care in Northwest Ohio






St. Clare Commons, a Franciscan Living Community, has partnered with the Toledo Catholic Diocese, Blessed John XXIII Parish, St. Rose Parish, the Alzheimer’s Association, Wright State University’s Nursing Institute and others to couple science together with caring to improve senior care in Northwest Ohio.


Perrysburg, OH (PRWEB) December 20, 2012






The Sisters of St. Francis with Sylvania Franciscan Health and Franciscan Living Communities have chosen the Toledo Catholic Diocese, Blessed John XXIII Community, St. Rose Parish as partners in advocacy, education and ministry to seniors.


Other important healthcare partnerships are in the works that will soon be released. The Alzheimer’s Association of Northwest Ohio is among the first working relationships to provide education and resources to residents, families, staff and the greater community. St. Clare Commons has become an Alzheimer’s Early Detection Alliance member to help bring awareness and resources to those who have been affected by dementia.


Another leader in dementia care, Dr. Govind Bharwani, Ph.D., Director of Nursing Ergonomics & Alzheimer’s Care (Nursing Institute) and Co-Director of Ergonomics (College of Engineering) at Wright State University, has been instrumental in the very design of St. Clare Commons. Earlier this year, Long Term Living Magazine named Dr. Bharwani a “Leader of Tomorrow.”


What is an engineer doing in dementia healthcare? Another Franciscan Living Community, St. Leonard Franciscan Living Community sought Dr. Bharwani out to reduce caregiver injuries. After demonstrating great success in reducing injuries for direct care nurses and nursing assistants, the team at St. Leonard asked him to evaluate the campus’s dementia and Alzheimer’s space to reduce resident falls and injuries.


Dr. Bharwani took that challenge and created Behavior-Based Ergonomics Therapy (BBET) with St. Leonard in 2010 and has since proven overwhelmingly effective. Research has shown a 35% reduction in falls and 55% drop in use of PRN (emergency) medications. There was also a more than 50% jump in improved mood – and 60% fewer uses of certain anti-psychotic medications for behavior management.


With a lot of preparation, ergonomically designed features and proper training in use of space and abilities, residents feel better and even those who would normally withdraw are more engaged. Working with the many devices and systems as instructed by Dr. Bharwani, the team feels more at ease, residents feel less stressed. Everybody wins.


Dr. Bharwani has been recognized nationally and several Ohio communities have implemented his program to improve patient care. The team at St. Clare Commons is excited to bring his methods and tools to Northwest Ohio.


Future community education will be offered through St. Rose Parish, Blessed John XXIII and other local venues. St. Clare Commons, under construction, and expected to open in the summer of 2013, has been designed with education in mind with several meeting spaces.


In addition to meeting spaces, the 135,000 square-foot first phase building located on Five Point Road just east of State Route 25 in Perrysburg, Ohio, one mile south of Levis Commons, will include 60 private skilled nursing suites, 56 assisted living apartments and 36 studio apartments dedicated to specialized memory care.


A well-appointed chapel, state-of-the-art therapy lab, fountains, ponds, two rooftop terraces, a piano lounge, community rooms, a coffee shop, and many connections to Blessed John XXIII round out the world class amenities. Future phases include independent senior apartments, duplexes, ranch homes, a club house with a restaurant and pool, and much more to make St. Clare Commons a true Continuing Care Retirement Community or “Lifetime Campus.”


If you would like more information about St. Clare Commons, please call 419-250-5227, email info(at)stclarecommons(dot)org, click on StClareCommons.org or visit Faceboook.com/StClareCommons for the most up to date news.


REVERENCE        SERVICE        STEWARDSHIP


St. Clare Commons is a member of Franciscan Living Communities and is sponsored by the Sisters of St. Francis of Sylvania, Ohio, in partnership with Blessed John XXIII Catholic Community and the Toledo Diocese. Franciscan Living Communities is a non-profit leading provider of senior living services to 1,200 residents in communities throughout Ohio and Kentucky offering continuing care, independent living, assisted living, rehabilitation, skilled nursing, memory care and adult services. In all relationships, we commit to Reverence for, Service to, and Stewardship of the whole person with whom we are blessed to work. To learn more about Franciscan Living Communities log on to our website at http://www.flcsylvania.org.


Jessica Derkis
St. Clare Commons
419-250-5227
Email Information


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House GOP puts off vote on ‘Plan B’






WASHINGTON (AP) — Confronted with a revolt among the rank and file, House Republicans abruptly put off a vote Thursday night on legislation allowing tax rates to rise for households earning $ 1 million and up, complicating attempts to avoid a year-end fiscal cliff that threatens to send the economy into recession.


In a brief statement, House Speaker John Boehner said the bill “did not have sufficient support from our members to pass.” At the same time he challenged President Barack Obama and Senate Majority Leader Harry Reid, D-Nev., to work on legislation to avert the fiscal cliff.






“The Senate must now act,” he said.


Emerging from a hurriedly-called evening meeting of House Republicans, Ohio Rep. Steve LaTourette said Boehner had told lawmakers, “He’s going to call the president and he’s going to go down and talk to him and maybe they can hammer something out.”


There was no immediate response from either the White House or Reid’s office.


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Wounded presage health crisis for postwar Syria






ATMEH, Syria (AP) — A baby boy joined the ranks of Syria’s tens of thousands of war wounded when a missile fired by Bashar Assad‘s air force slammed into his family home and shrapnel pierced his skull.


Four-month-old Fahed Darwish suffered brain damage and, like thousands of others seriously hurt in the civil war, he will likely need care well after the fighting is over. That’s something doctors say a post-conflict Syria won’t be able to provide.






Making things worse, there has been a sharp spike in serious injuries since the summer, when the regime began bombing rebel-held areas from the air, and doctors say a majority of the wounded they now treat are civilians.


This week, Fahed was recovering from brain surgery in an intensive care unit, his head bandaged and his body under a heavy blanket, watched over by Mariam, his distraught 22-year-old mother.


She said that after her first-born is discharged from the hospital in Atmeh, a village in an area of relative safety near the Turkish border, they will have to return to their village in a war zone in central Syria.


“We have nowhere else to go,” she said.


Even for those who have escaped direct injury, the civil war is posing a mounting health threat. Half the country’s 88 public hospitals and nearly 200 clinics have been damaged or destroyed, the World Health Organization says, leaving many without access to health care. Diabetics can’t find insulin, kidney patients can’t reach dialysis centers. Towns are running out of water-purifying materials. Many of the hundreds of thousands displaced by the fighting are exposed to the cold in tents or unheated public buildings.


“You are talking about a public health crisis on a grand scale,” said Dr. Abdalmajid Katranji, a hand and wrist surgeon from Lansing, Michigan, who regularly volunteers in Syria.


No one knows just how many people have been injured since the uprising against Assad erupted in March 2011, starting out with peaceful protests that turned into an armed insurgency in response to a violent government crackdown.


More than 43,000 have been killed in the past 21 months, said Rami Abdul-Rahman, head of the Britain-based Syrian Observatory for Human Rights, basing his count on names and details provided by activists in Syria. He said the number of wounded is so large he can only give a rough estimate, of more than 150,000.


Casualties began to rise dramatically at the start of the summer. At the time, the regime, its ground troops stretched thin, began bombing from the air to prevent opposition fighters from gaining more territory.


Seemingly random bombings have razed entire villages and neighborhoods, driving terrified civilians from their homes, with an estimated 3 million Syrians out of the country’s population of 23 million now displaced.


About 10 percent of the wounded suffer serious injuries and many of those will need long-term care and rehabilitation, said Dr. Omar Aswad of the Union of Syrian Medical Relief Organizations, an umbrella for 14 aid groups.


This includes artificial limbs and follow-up surgery. “This is of course not available and will be one of the major (health) problems in the months right after the war,” said Mago Tarzian, emergency director for the Paris-based Doctors Without Borders.


For now, aid groups are struggling to provide even emergency treatment in under-equipped clinics.


The two dozen small hospitals and field clinics in rebel-run areas of Idlib province in the north only have a few Intensive Care Unit beds between them, said Aswad. None has a CT scanner, an important diagnostic tool.


“We need generators, we need medical supplies and the most pressing is medicine,” he said.


The challenge has been compounded by new types of injuries.


The regime has begun dropping incendiary bombs that can cause severe burns, according to the New York-based Human Rights Watch, citing amateur video and witness accounts.


Ole Solvang, a researcher for the group, said he saw remnants of such a bomb on a recent Syria trip. Aswad said doctors in Idlib and nearby Aleppo province reported seeing patients with burns from such weapons.


Doctors and hospitals have also been targeted. Aswad, who fled the city of Idlib in March after regime forces entered it, said five friends in a secret association of anti-regime physicians have been arrested. Hospitals, ambulances and doctors have been attacked, Solvang said, calling it “a worrying trend that makes the medical situation even worse.”


One of the bright spots is a 50-bed emergency care clinic set up six weeks ago in a former elementary school in Atmeh.


Largely funded by a wealthy Syrian expatriate, the Orient clinic, with five ICU beds, handles some of the most serious cases in a radius of some 150 kilometers (90 miles), said its director, orthopedic surgeon Abdel Hamid Dabbak.


In the past, seriously wounded patients had to go to Turkey, risking dangerous delays at the border, he said. Now, once patients are stabilized in Atmeh, they are sent to a sister clinic across the border for follow-up care.


In Orient’s ICU, a 24-year-old rebel fighter was breathing oxygen through a mask. He had been brought in a day earlier, bleeding heavily from stomach wounds and close to death, said Dr. Maen Martini, a volunteer physician from Joliet, Illinois. After surgery, he stabilized and was taken off a respirator. A delayed crossing into Turkey would have killed him, Martini said.


The fighter’s neighbor was little Fahed, whose house had been struck by a missile on Saturday in the village of Kafr Zeita in Hama province. “The roof collapsed on us,” his mother said of the attack. “We ran out … I saw him bleeding from his head, but it was just a small cut.”


The local clinic said the injury was more serious than it seemed and the family rushed to Atmeh, more than 100 kilometers (60 miles) to the north.


Since surgery, Fahed has been nursing and has moved his arms and legs, and the doctor is hoping for a near-complete recovery.


“Clinically, he has improved dramatically,” he said.


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RIM loses BlackBerry subscribers for first time






TORONTO (AP) — Research In Motion‘s stock plunged in after-hours trading Thursday after the BlackBerry maker said it plans to change the way it charges fees.


RIM also announced that it lost subscribers for the first time in the latest quarter, as the global number of BlackBerry users dipped to 79 million.






In a rare positive sign, the Canadian company added to its cash position during the quarter as it prepared to launch new smartphones on Jan. 30. The new devices are deemed critical to the company’s survival.


RIM’s stock initially jumped more than 8 percent in after-hours trading on that news, but then fell $ 1.48, or 10.4 percent, to $ 12.65 after RIM said on a conference call that it won’t generate as much revenue from telecommunications carriers once it releases the new BlackBerry 10 platform.


RIM is changing the way it charges service fees, putting an important source of revenue at risk. RIM CEO Thorsten Heins said only subscribers who want enhanced security will pay fees under the new system.


“Other subscribers who do not utilize such services are expected to generate less or no service revenue,” Heins said. “The mix in level of service fees revenue will change going forward and will be under pressure over the next year during this transition.”


RIM’s stock had been on a three-month rally that has seen the stock more than double from its lowest level since 2003.


But Mike Walkley, an analyst with Canaccord Genuity, said BlackBerry 10 will change RIM’s services revenue model dramatically. He said that instead of getting about $ 6 per device each month from carriers and users RIM could get as little as zero.


“That’s what turned the stock from being up 10 percent to being down 10 percent,” Walkley said. “That’s been part of our worry. How do they come back with a new platform and get carriers to continue to share the higher revenue —which sounds like they are not going to— and then subsidize the phone to make it affordable for consumers and enterprises.”


“People are seeing that the services revenue has a lot of risk to it now with the BlackBerry 10 migration.”


Three months ago, RIM had 80 million subscribers. Analysts said the loss of 1 million subscribers was expected. Once coveted symbols of an always-connected lifestyle, BlackBerry phones have lost their luster to Apple’s iPhone and phones that run on Google’s Android software.


RIM is banking its future on its much-delayed BlackBerry 10 platform, which is meant to offer the multimedia, Internet browsing and apps experience that customers now demand.


“We believe the company has stabilized and will turn the corner in the next year,” Heins said. He noted that the company’s cash holdings grew by $ 600 million in the quarter to $ 2.9 billion, even after the funding of all its restructuring costs. RIM previously announced 5,000 layoffs this year.


Heins said subscribers in North America showed the largest decline, but said there is growth overseas.


Colin Gillis, an analyst with BGC Financial, said before the conference call that the company bought itself more time.


“It doesn’t mean (BlackBerry) 10 will gain traction. A lot of people said 10 would be DOA, but I don’t think that’s going to be the case,” he said.


Jefferies analyst Peter Misek also earlier called the results better than expected, noting that RIM added a significant amount of cash. RIM will need the money to advertise the new BlackBerrys and operating system.


Misek also called it a positive development that RIM said there would not be another delay to BlackBerry 10.


“The success or failure of this company will be on BlackBerry 10,” Misek said.


RIM posted net income of $ 14 million, or 3 cents per share for its fiscal third quarter, which ended Dec. 1. That compares with a profit of $ 265 million, or 51 cents per share, in the same quarter a year ago.


The latest figure includes a favorable tax settlement. Excluding that adjustment, RIM lost 22 cents per share. Analysts polled by FactSet were expecting a wider loss of 27 cents.


RIM reported revenue of $ 2.7 billion, down 47 percent from a year ago.


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Twitter post offers clue to The Civil Wars’ future






NASHVILLE, Tenn. (AP) — While there still remain questions about the future of The Civil Wars, there’s new music on the way.


Joy Williams, one half of the Grammy Award-winning duo with John Paul White, said Thursday during a Twitter chat that she was in the studio listening to new Civil Wars songs.






It’s a tantalizing clue to the future of the group, which appeared in doubt when a European tour unraveled last month due to “irreconcilable differences.”


At the time, the duo said it hoped to release an album in 2013. It’s not clear if Williams was referring Thursday to music for a new album or for a documentary score they have composed with T Bone Burnett. They’re also set to release an “Unplugged” session on iTunes on Jan. 15.


Nate Yetton, the group’s manager and Williams’ husband, had no comment — though he has supplied a few hints of his own by posting pictures of recording sessions on his Instagram account recently. The duo announced last summer it would be working with Charlie Peacock, who produced its gold-selling debut “Barton Hollow.” The photos do not show Williams or White, but one includes violin player Odessa Rose.


Rose says in an Instagram post: “Playing on the new Civil Wars record… Beautiful sounds.”


Even with its future in doubt, the duo continues to gather accolades. Williams and White are up for a Golden Globe on Jan. 13, and two Grammy Awards on Feb. 10, for their “The Hunger Games” soundtrack collaboration “Safe & Sound” with Taylor Swift.


Williams’ comments came during an installment of an artist interview series with Alison Sudol of A Fine Frenzy sponsored by The Recording Academy.


___


Online:


http://thecivilwars.com


___


Follow AP Music Writer Chris Talbott: http://twitter.com/Chris_Talbott.


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Apothecarie New York Launches New Obagi Hydrate Moisturizer for All-Day Skin Hydration






The multi-action compound provides speedy relief and rejuvenation, and continues to release active compounds for all-day moisturizing protection from wind, sun and environmental elements. Obagi Hydrate, part of the Obagi Nu-Derm System, rejuvenates and restores skin cells to health and vitality.


Brooklyn, NY (PRWEB) December 19, 2012






Apothecarie New York, a premiere provider of skin care products from around the globe, has announced the addition of the new Obagi Hydrate facial moisturizer from Obagi Medical Products to its line of premium products. The innovative moisturizer utilizes hydromanil technology, a natural moisturizing agent from the tara tree seed that works from the inside to enhance skin flexibility and smoothness.


“Most moisturizers on the market today are occlusive, meaning they’re impenetrable,” said Sandy Kohen, a licensed esthetician at Apothecarie New York. “They basically form a shield or film that is spread onto the skin to slow or prevent moisture evaporation. Obagi Hydrate actually penetrates the skin and works from within, keeping you moisturized all day long.”


The seeds have long been known for their unique properties, making them a highly sought ingredient for beauty and medical products. Obagi Medical Products is a leader in physician dispensed skin health systems and has harnessed the healing and restorative powers of the tara tree for its Obagi Hydrate.


“Our customers and their patients have been asking for a moisturizer for years and we’re happy to be bringing to market a product that is clinically proven to do what it says it will do,” said Al Hummel, CEO at Obagi. “Obagi Hydrate offers both instant and long-lasting hydration and is a great adjunct to any of our other Obagi Systems.”


Obagi Hydrate is part of the Obagi Nu-Derm System, the number one physician-dispensed prescription skincare system in the world. It provides immediate moisturizing, prevents further evaporation of moisture from delicate skin, and addresses the signs of photodamage.


The multi-action compound provides speedy relief and rejuvenation, and continues to release active compounds for all-day moisturizing protection from wind, sun and environmental elements. Obagi Hydrate rejuvenates and restores skin cells to health and vitality.


Users will experience a 92 percent improvement in their skin’s moisture content within two hours and increased moisture retention for a full eight hours. Obagi Hydrate has been clinically proven to provide immediate results, and the formula’s unique composition provides users with a 51 percent reduction in moisture loss for long-lasting effects.


The hypoallergenic serum has been allergy tested and specially formulated to be effective for all ages and skin types. Clinically proven to be non-irritating, it combines tara tree seed with Shea and mango butter, avocado and glycerin for healthy, more youthful looking skin. The non-irritating and non-sensitizing facial formula helps fight dryness without clogging pores and leaves no greasy residue.


Obagi Hydrate is available at Apothecarie New York separately or with the Obagi Nu-Derm system for just $ 45.


The addition of Obagi Hydrate to the offerings at Apothecarie New York provides users with a proven formula from a leader in physician-dispensed skin care systems. The hypoallergenic formula works with all skin types to provide immediate and long-term moisturizing from the inside out for beautiful, healthy and younger looking skin.


ABOUT APOTHECARIE NEW YORK



Apothecarie New York is committed to providing customers with advanced and effective skin care products and treatments, and education about skin care choices for their individual needs. The store provides shoppers with free consultations on beauty issues and the company’s estheticians will handpick the products that best fit the needs of the client to repair, maintain and enhance their skin from head to toe.


Apothecarie New York is an authorized partner of Obagi products and Obagi Nu-Derm systems. Purchasing Obagi products through an authorized medical practice is the only way to ensure that the Obagi product is genuine and fresh.


Max Hauer
Apothecarie New York
718.534.0013 215
Email Information


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U.S. “fiscal cliff” talks turn sour, Obama threatens veto






WASHINGTON (Reuters) – Talks to avoid a U.S. fiscal crisis stalled on Wednesday as President Barack Obama accused opponents of holding a personal grudge against him while the top Republican negotiator called the president “irrational.”


As a year-end deadline nears, Obama and House of Representatives Speaker John Boehner are locked in intense bargaining over a possible deal to avoid the so-called fiscal cliff of harsh tax hikes and automatic spending cuts that could badly damage an already weak economy.






Obama said he was puzzled over what was holding up the talks and told Boehner‘s Republicans to stop worrying about scoring “a point against the president” or forcing him into concessions “just for the heck of it.”


“It is very hard for them to say yes to me,” he told a news conference in the White House. “At some point, you know, they’ve got to take me out of it.”


The rise in tensions threatens to unravel significant progress made over the last week.


Boehner and Obama have each offered substantial concessions that have made a deal look within reach. Obama has agreed to cuts in benefits for seniors, while Boehner has conceded to Obama’s demand that taxes rise for the richest Americans.


However, the climate of goodwill has evaporated since Republicans announced plans on Tuesday to put an alternative tax plan to a vote in the House this week that would largely disregard the progress made so far in negotiations.


On Wednesday, Obama threatened to veto the Republican measure, known as “Plan B,” if Congress approved it.


Boehner’s office slammed Obama for opposing their plan, which would raise taxes on households making more than $ 1 million a year and is a concession from longstanding Republican opposition to increasing any tax rates.


“The White House’s opposition to a backup plan … is growing more bizarre and irrational by the day,” Boehner said through his spokesman, Brendan Buck.


Boehner expressed confidence the House would pass the legislation on Thursday. He urged Obama to “get serious” about a balanced deficit reduction plan.


Wall Street is on edge over the fiscal cliff talks although investors still expect a deal. The S&P 500 stock index slipped 0.76 percent on Wednesday.


Business leaders have descended on Washington to lobby for a deal to avoid going over the cliff while putting public finances on a more sustainable path. Without an agreement to narrow deficits over the long run, the United States could eventually lose investors’ trust, triggering a debt crisis.


An acrimonious presidential campaign that culminated in Obama’s re-election on November 6 has added to the bad blood in Washington between Obama and congressional Republicans.


The two sides also clashed bitterly last year over the government’s limit on borrowing – known as the debt ceiling – an episode that nearly led the nation to default on its debt.


On Wednesday, Obama said the fiscal cliff must not get bogged down with negotiations over the debt ceiling, an issue that must be dealt with again early next year.


But Boehner’s offer to raise the debt ceiling enough for another year of borrowing is facing opposition from a large group of Republicans, a House Republican aide said.


LITMUS TEST


Any fiscal cliff agreement by Obama and the Republican leadership would need the support of their parties’ rank and file in Congress, and Thursday’s vote on Plan B will be a test of Boehner’s ability to deliver votes on any eventual deal.


Boehner faces opposition from Republican Tea Party conservatives over his concession to raise tax rates. But in a sign some conservatives are coming around to Boehner’s position, anti-tax activist Grover Norquist gave his blessing to the bill.


Other conservative groups, including the influential Club for Growth, are urging Republicans to vote against Plan B.


Obama and Boehner appear to have bridged their biggest ideological differences but remain hung up on the mix of tax hikes and spending cuts meant to narrow the budget gap.


“What separates us is probably a few hundred billion dollars,” Obama said.


The White House wants taxes to rise on household incomes above $ 400,000 a year, a concession from Obama’s opening proposal for a $ 250,000 income threshold.


If a deal is not reached soon, some $ 600 billion in tax hikes and spending cuts are set to begin next month.


Senior administration officials described negotiations as at a standstill and Obama warned he would ask everyone involved in the talks, “what it is that’s holding it up?”


Still, the top Republican in the Senate said a resolution to the stalemate could come by the end of the week.


“There’s still enough time for us to finish all of our work before this weekend, if we’re all willing to stay late and work hard,” said Senate Republican leader Mitch McConnell.


Many Democrats dislike the president’s offer to reduce benefits to seniors, although some political allies of Obama have given signs they feel they could swallow this concession.


“I don’t like these particular changes,” said Democratic Representative Chris Van Hollen, a member of the House leadership from Maryland. But he added: “What people are seeing is the president willing to compromise in order to get things done.”


(Additional reporting by Roberta Rampton, Thomas Ferraro and Vicki Allen; Kim Dixon and Richard Cowan; Writing by Jason Lange; Editing by Alistair Bell and Eric Beech)


Business News Headlines – Yahoo! News





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