While the U.S. Congress views the convergence of more than $600 billion in tax increases and spending cuts set for Jan. 1 as a “fiscal cliff,” the metaphor misses the economic reality of what could follow.
In the midst of his 1860 presidential campaign against Abraham Lincoln, Stephen Douglas announced that he was leaving Washington to visit his ailing mother in upstate New York. Along the way, Douglas made campaign stops and speeches throughout New England.
Here’s a modest proposal: Let’s tax sex and use the proceeds to fund birth control for women whose health plans don’t cover it. Surely this compromise would resolve the controversy over contraceptives and religious organizations. All women would have access to contraception, and religious objectors wouldn’t have to pay a penny.
This has not been a great season for the Christmas tree. First there was the short-lived federal effort to add 15 cents to the price of a tree to support promotion of the industry -- a fee derided by opponents as a “Christmas tree tax.”
For the professional football fan, the playoffs are the most unhappy time of the year. One reason, obviously, is that most teams don’t even make the playoffs, and all but one of those that do end their seasons with defeats.
Alcatel-Lucent SA, the phone- equipment supplier whose stock is trading near a 23-year low, appointed Chief Financial Officer Paul Tufano to a newly created role of chief operating officer, giving him additional responsibilities in the French company’s turnaround plan.