Obama Wins 2012 Election: Why Your Taxes Are Going Up

When President Obama and the new Congress begin to tackle important legislation and federal policy in January, one of the key issues will be how to reform America's byzantine tax code. Obama campaigned on a platform to raise taxes on the wealthiest Americans, declaring that millionaires and billionaires need to "pay their fair share." The president proposed the highly controversial "Buffett Rule,"...

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Has Obama Been Good for Millionaires?

The question of whether Americans are better off than they were four years ago depends, of course, on the American. For the 12 million unemployed, the answer is most certainly no. But for many of America's millionaires, the answer may be more affirmative. A new study from WealthInsight, the London-based wealth-research and data firm (and yes, they are non-partisan), showed that the United States added...

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Disney buying Lucasfilm for $4.05 billion

LOS ANGELES (AP) — Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series called "Episode 7," set for release in 2015, with plans to follow it with Episodes 8 and 9 and then one new movie every two or three years. The Walt Disney Co. announced the blockbuster...

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US economic growth improves to 2 pct. rate in Q3

WASHINGTON (AP) -- The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending. Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday. The pickup in growth may help President Barack Obama's message that the economy is improving. Still,...

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Apple’s New iPad Mini Is Pricey but That Won’t Deter Fans: TechCrunch’s John Biggs

It's officially here: The iPad mini, the subject of endless speculation and rumors over the past year, made its debut Tuesday at the California Theater in San Jose, Calif. The iPad mini starts at $329 and hits store shelves Nov. 2. Pre-sales begin Oct. 26. It boasts a 7.9-inch display, weighs 0.68 pounds and is 7.2mm thick. The design closely resembles the iPod Touch and comes in both black and white. Related:...

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Reuters U.S. Sports Schedule at 2 p.m. EDT on Thursday, Dec. 20

Dec. 20 (Reuters) - Reuters U.S. sports schedule at 2 p.m. EST on Thursday:- - - -The duty editor is Steve Ginsburg, 202-898-8427- - - -National Football LeagueEnvelopes, pleaseAdrian Peterson or Peyton Manning? The worthiest NFL Comeback Player of the Year candidates could also be debated as the league's MVP. (FBN-COLUMN/, expect by 0100 GMT/8 PM ET, The Sports Xchange, by Frank Cooney, 500 words)-...

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AP Source: Jets will consider options with Sanchez

FLORHAM PARK, N.J. (AP) — Mark Sanchez is the former face of the franchise. He could soon be a former member of the New York Jets.The team will consider all their options regarding the beleaguered and benched quarterback in the offseason, a person with knowledge of the situation told The Associated Press on Thursday.The person, who requested anonymity because the team's personnel plans are private,...

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Barring setback, Redskins' RG3 looks good to go

ASHBURN, Va. (AP) — Robert Griffin III looks good to go.The Washington Redskins rookie had a full practice Thursday for the second straight day as the team prepares for this week's game against the Philadelphia Eagles."I like what I see," coach Mike Shanahan said. "If there is no setback, he should be ready to go."Griffin missed Sunday's win over the Cleveland Browns with a sprained right knee. On...

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NFL-Youtube video wins Norwegian kicker tryout with NY Jets

STOCKHOLM, Dec 20 (Reuters) - A Norwegian whose Youtube clip of spectacular trick shots has been watched over half a million times could be on the verge of a National Football League (NFL) contract as a kicker.The video caught the attention of professional teams in the United States, and Norwegian state broadcaster NRK has reported that its star, Havard Rugland, had a tryout for the NFL's New York...

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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

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Wall St climbs on economy bets as it looks past 'cliff'

NEW YORK (Reuters) - U.S.  stocks rallied on strong volume on Tuesday, capping off the S&P 500's best two-day run in a month, on confidence that a deal would be struck in Washington to avoid painful spending cuts and tax hikes that could hurt the economy.Banks, energy and technology - sectors that would benefit during economic expansion - led gains as investors remain confident that lawmakers...

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South Korea votes in tight race on economy and jobs

SEOUL (Reuters) - South Koreans  voted on Wednesday in freezing winter temperatures for a new president in a battle between the daughter of their former military ruler and a man her father jailed for political activism.The next president of Asia's fourth largest economy will have to deal with a hostile North Korea, under young and untested new leader Kim Jong-un, and a slowing domestic economy.Conservative...

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Google filing error shocks investors, exposes process

SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...

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Who Owns America’s Debt?

As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.Although it may seem as though our debt to these countries renders us a puppet...

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US housing construction up 15 percent in September

WASHINGTON (AP) -- U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.Applications...

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