ATLANTA—In what lacked the defense of a usual SEC game, No. 2 Alabama outlasted No. 3 Georgia 32-28 to claim the 2012 SEC championship. Alabama is now headed to Miami to face No. 1 Notre Dame in the Discover BCS National Championship Game on Jan. 7
I think we can all agree to root against Notre Dame, no?
Higher taxes cause a drag on the economy!?!? Say it isn’t so!
But President Obama’s first offer to avoid going over the “fiscal cliff” holds out the hope of at least some stimulus. This would include extending the 2 percentage point Social Security payroll tax cut, boosting a tax incentive to businesses, establishing a $50 billion bank for long-term infrastructure projects, and extending unemployment benefits.
The total bill: about $255 billion out of the federal government’s pocket – an amount the GOP would likely say needs to be offset by spending cuts elsewhere.
The argument in favor of such stimulus? The tax measures, at least, could minimize the drag on the economy from Mr. Obama’s proposed tax increases on the wealthy.
“The increases in the top two income tax brackets would put a drag on consumption, so I think, from the Obama point of view, the spending or tax cuts are designed to offset that drag to consumption,” says Michael Brown, an economist at Wells Fargo Securities in Charlotte, N.C.
It looks like the Iranian Navy really wanted people to see its new submarine. In a live broadcast on state TV on Wednesday, the Islamic Republic showed off a new Sina 7 submarine that is painted in an unusually bright turquoise blue hue.
So, why exactly would any military want to design its ship in a color that can be easily spotted ? The Daily Mail speculates that the ship’s designers mistakenly chose the color, believing it would help the craft blend in with the ocean’s waters.
Launched from Bandar Abbas, near the Strait of Hormuz, the Sina 7 and two Ghadir-class submarines represent the first wave of the country’s “indigenously built” warships, Iran said.