Monday, January 16, 2012

Obama seeks $1.2 trillion debt limit hike (Reuters)

WASHINGTON (Reuters) ? President Barack Obama formally notified Congress on Thursday that he plans a $1.2 trillion increase in the U.S. debt limit, setting the stage for Republicans to level election-year charges that deficits are out of control.

Obama, in a letter to House of Representatives Speaker John Boehner, the top Republican in Congress, said "further borrowing is required to meet existing commitments."

The move by the Democratic president gives Congress 15 days to vote on a resolution of disapproval under terms of budget control legislation passed last year.

Lawmakers are unlikely to muster the votes needed to block the boost in U.S. borrowing capacity, so a replay of last summer's debt limit drama that brought the federal government to the brink of default and cost it its top-tier credit rating is not expected.

But the increase request does give Republicans an opportunity to criticize Obama over the lack of progress in reducing deficits after congressional deficit reduction talks collapsed late last year.

Obama originally intended to launch the process to raise the debt limit on December 30 but House and Senate leaders asked him to delay the move to allow lawmakers to consider it while they are back in session.

To allow for the delay, the U.S. Treasury Department has had to turn to one of the measures it employed to keep the government afloat last summer - dipping into the Exchange Stabilization Fund, which has a dollar balance of $22.7 billion.

A Treasury official said other measures, such as suspending the daily reinvestments of assets in a government pension fund, may also be needed until the debt-limit increase is secured.

(Reporting by Matt Spetalnick and; Aruna Viswanatha; Editing by Eric Walsh)

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20120112/ts_nm/us_usa_debt_obama

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Saturday, January 14, 2012

US restores diplomatic ties with Myanmar (Americablog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/186694145?client_source=feed&format=rss

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Livio Internet-Radio App available for Pioneer's App Radio, woo

In "bolting the stable door two days after the CES horse has bolted news," in-car radio company Livio just officially announced that you'll be able to get the app on Pioneer's AppRadio 2 car stereo (announced Monday). Since one of our gripes with the initial AppRadio was its lack of additional apps, we'll happily take everything more we can get on the $500 in-car-entertainment system of choice. The shortest PR we've seen this week is available after the break, too.

Continue reading Livio Internet-Radio App available for Pioneer's App Radio, woo

Livio Internet-Radio App available for Pioneer's App Radio, woo originally appeared on Engadget on Thu, 12 Jan 2012 12:53:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/vBdHMl72trQ/

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Friday, January 13, 2012

Live from the Engadget CES Stage: an interview with Ford's Paul Mascarenas

Not enough car talk yesterday? Good news, Ford's chief technical officer Paul Mascarenas will be stopping by the booth today to talk cars with Tim. Join in at 5PM ET today after the break.

Continue reading Live from the Engadget CES Stage: an interview with Ford's Paul Mascarenas

Live from the Engadget CES Stage: an interview with Ford's Paul Mascarenas originally appeared on Engadget on Wed, 11 Jan 2012 16:30:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/YkS4inlDExI/

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Naperville family killed in car crash in India

Article updated: 1/9/2012 4:53 PM

Iqbal Habib of Naperville installs bricks in September along Naperville?s Riverwalk as part of a volunteer project. He was killed Friday, along with his wife and two children, in a car crash while vacationing in India.

Iqbal Habib of Naperville installs bricks in September along Naperville?s Riverwalk as part of a volunteer project. He was killed Friday, along with his wife and two children, in a car crash while vacationing in India.

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Courtesy of Nizar Jiwani

Iqbal Habib of Naperville, far right, volunteered in September to install bricks along Naperville?s Riverwalk with fellow members of his mosque and Mayor George Pradel. He was killed Friday, along with his wife and two children, in a car crash while vacationing in India.

Iqbal Habib of Naperville, far right, volunteered in September to install bricks along Naperville?s Riverwalk with fellow members of his mosque and Mayor George Pradel. He was killed Friday, along with his wife and two children, in a car crash while vacationing in India.

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Courtesy of Nizar Jiwani

The Habib family of Naperville, shown here outside the Taj Mahal in India, died Friday in car accident while vacationing in the country. Family and friends have shown an outpouring of support for Iqbal, 45, at left, Ashaz, 6, Zeenat, 39, and Fareeza, 10.

The Habib family of Naperville, shown here outside the Taj Mahal in India, died Friday in car accident while vacationing in the country. Family and friends have shown an outpouring of support for Iqbal, 45, at left, Ashaz, 6, Zeenat, 39, and Fareeza, 10.

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Courtesy of Nizar Jiwani

Friends and family are in mourning after a Naperville family of four was killed in a car accident Friday while vacationing in India.

Iqbal Habib, 45, his wife Zeenat, 39, their daughter Fareeza, 10, and son Ashaz, 6, were vacationing in the northern city of Agra when the driver of their car lost control of the vehicle, according to reports from Indian newspapers New Kerala and Dainik Jagran. The driver was injured and taken to a hospital, reports said.

The family, which was very active in the Chicago-area Muslim community, lived in south Naperville for about a decade. Fareeza was in fifth grade and Ashaz was in first grade, both at Spring Brook Elementary School.

Iqbal Habib?s mother also lived with their family and friends say she is now staying with his brother.

Family friend Nizar Jiwani said Iqbal owned several retail food businesses in the Chicago area and volunteered for many years with the Ismaili Jamatkhana in Naperville.

Both children regularly attended religious education classes at the center.

Jiwani said the soft-spoken Iqbal was known as a leader who always wore a smile and was ready to roll up his sleeves.

?I still remember Iqbal helped us out when we did some volunteer work laying bricks at the Naperville Riverwalk in September,? Jiwani said. ?He was happy to help us out laying bricks, even though he would be late to open his businesses. He would never say no.?

Zeenat Habib, was more outgoing, Jiwani said, due in part to her career as a mortgage consultant with JP Morgan Chase.

Fareeza shared her father?s sunny smile, Jiwani said, while Ashaz was full of energy and had many friends.

Officials at Spring Brook offered grief counseling Monday to any friends of the victims who needed support. Social workers from both Spring Brook and other Indian Prairie Unit District 204 schools assisted.

In addition, the school received a wave of support from parents who want to memorialize the Habib family, so officials said they will soon organize a committee to launch the effort.

?They were just a wonderful family,? Principal David Worst said.

No information on memorial services was immediately available.

Family and friends shared their condolences throughout the weekend and Monday on the Facebook page of Mebz Kolz, who is Zeenat?s brother, according to the site. He had posted a childhood photo of Zeenat.

?Together we all pray for the loss of my sis Zeenat Habib and her family,? said Kolz on his Facebook page. ?May their souls rest in peace, may Allah give our family strength and courage to face these tough times. I am deeply hurt, and still can?t digest the fact. I will always love her from the bottom of my heart and she will always be in my prayers.?

Source: http://dailyherald.com/article/20120109/news/701099817/

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