Stay in touch with the latest and widest range of Japan News with JapanToday's News Alert newsletter.
Up to the moment news in your inbox everyday. Subscribe now!
Already a JapanToday registered user?
Login to update your settings to subscribe to News Alert.
*Required
Phew! It's only a warning from scientists, so TEPCO can ignore it like they have consistantly…
Posted in: Fukushima faces increased quake risk, scientists say
Definition of Oxymoron: Chinese intellectual property
Only 13 locations? And they couldn't be listed here?
Posted in: Government home care scheme to be limited to 13 locations
This has, and most likely will continue to be, ignored. TEPCO has no idea what the…
Posted in: Fukushima faces increased quake risk, scientists say
To those who think Android copied the iPhone... why don't you look at what the iPhone…
-1
Wolfpack
There is something seriously wrong with that woman. I agree that there is no good reason - even being slutty - for being raped, but why make your child up like one? That's more than a little sick.
Posted in: SlutWalk comes to Washington
0
Wolfpack
You aren't kidding, Gallup has announced that his support has just slipped down into the 30's for the first time.
President Obama's political counteroffensive will consist of blame shifting and more of the same policies that have failed for nearly three years now. Last years "Recovery Summer" has America on the brink of a double-dip recession. However, the seeds of renewal are becoming apparent. Big Labor has failed to pull the wool over the eyes of voters in Wisconsin by denying Democrats their chance at revenge in the recall elections. They could still lose two seats that are still not yet decided. Obama's Keynesian spending and his inclination to raise taxes has been stopped. That said, he is still able to use bureaucratic subterfuge to throttle business and economic growth.
President Obama's Midwest counteroffensive is simply meant as a means to revive his huge lose in support from Independents. Meanwhile, the Left will continue to be angry with him for not pushing their neo-socialist agenda while he runs for re-election. Although he seems like a decent father and husband, he is in over his head in a job that he just wasn't prepared for. The speeches and the "yes we can" talk will not wash anymore - America knows that he can't.
Posted in: Obama begins political counteroffensive in Midwest
0
Wolfpack
I think it is much less moronic to insist that a nation control it's deficit spending as opposed to simply wishing the problem away. If it wasn't for the Tea Party, neither Obama, the Democrats, or Republicans would even care about controlling the deficit. They all feel that deficits don't matter when their party controls government.
Anyone with a pea-brain can see that simply raising taxes without reforming entitlement programs and the tax system has no chance of balancing the budget - ever. Meanwhile, when benefit programs become non-functional due to financial mismanagement the most vulnerable in society will be hurt the most. Either the entitlement systems are reformed and tax policies revised now to bolster the economy or the system eventually collapses and the poor - who have become accustomed to dependency for decades - will be devastated.
Cut, Cap, and Balance was the only plan that even made an attempt to balance the trillion dollar plus annual budget deficits and begin to pay down the national debt. The Democrat controlled Senate and Obama have not come up with any plan to stop the runaway accumulation of debt. They are afraid to put anything in legislative writing that could hurt their chances for re-election next year with the spending extremists that inhabit their party. Leading from behind leads to nowhere!
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
Hollywood liberals just want to help Obama's re-election chances by putting out a propaganda film to make the lead-from-behind president appear to be an actual leader and not the feckless Jimmy Carter that he has morphed into. The plan is to hi-light Obama as some brave hero and de-emphasized the actual hero's, the SEALS. It will not be effective with the unemployment rate at 9% and $6 trillion in accumulated debt over a single presidential term.
Posted in: U.S. lawmaker wants probe of bin Laden film project
1
Wolfpack
Yeah, the regulations that Rep. Frank and like-minded socialists imposed on the banking industry. These regulations also led to huge bonuses for the former Clinton administration executives at Fannie and Freddie.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
That may or may not be true but it is irrelevant, why would the government be entitled to the increase in value of a private individuals property? Does the government have to pay the private individual if his property value goes down due to something that it has done or approved? Your reasoning fails the test of logic.
Regardless of whether a persons land or other property contributes to his/her income, it is wrong to annually tax something when the tax was paid when it was purchased. The income itself should be subject to tax but not the value of the property for which taxes have already been paid.
Wow! What an amazing attitude you have with regards to the wealth of others. It's as if you believe the government has a greater claim than a deceased person's relative! The fact of the matter is, the wealth is being transferred to a relative - not a stranger. The estate tax is therefore immoral. When a old man dies, his widow doesn't have to pay taxes on half of the wealth they had at the time of his death. The assets are simply placed wholly in her name.
Certainly the government requires money to function, but the same money shouldn't be taxed more than once and the rules should be applied uniformly to all citizens regardless of their sex, race, ethnicity, religion, or social class.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
You may not like the term, but even Medicare's most ardent supporters concede that it is an entitlement program.
It's not offensive or ignorant, it is a simple fact that Medicare is broken and doesn't work as we were led to believe. The money that individuals contribute to the program is not placed in an account with their name on it. Some people get much more back in benefits than they contribute while others get little or nothing back.
It is due to the condition of entitlement programs like Medicare, Social Security, and Medicaid that Americas credit rating was cut. These programs have promised much more in benefits than they can be provide. So basically, people are not contributing the amount necessary to fund their promised Medicare benefits. So, I'm sorry but you are wrong,
Medicare, like Social Security, is increasingly being paid out to current retirees from the money contributed by those still in the work force. The money that current retirees contributed has long since been spent on the previous generation of beneficiaries. Medicare is currently projected to be insolvent in 2024. How can that be when supposedly the future retiree has contributed over their lifetime for their health care needs? Well, it can not.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
So President Obama holds a news conference during the middle of a market meltdown to reassure the markets that everything is fine. The result - a prompt 200 point drop. He has been wearing out his teleprompter over the past few weeks and every time he opens his mouth either the stock market and/or his approval ratings take another dive. He just can't help himself. He goes out of his way to make sure that everyone knows that although he has been the president for nearly three years now, he is in no way responsible for the huge disaster known as the American economy. It's always someone elses fault. His motto - 'the buck stops anywhere other than here'.
Posted in: Obama seeks to reassure faith in U.S. credit
0
Wolfpack
In my opinion this is the worst thing about the current government run pension system in the US (besides the fact that it is poorly designed and administered and is unsustainable in it's current form). It makes it difficult for people to accumulate wealth to pass on to succeeding generations.
If people like the way the current social security system works, their can be a government pension plan choice that they can contribute to. Optionally, like-minded individuals can form their own association and contribute to it for the benefit of all members. There are tons of people that like the current system and privatizing it should allow them the choice of banding with others in a "collectivist" type system or allocate their pension money to more traditional investments in their own personal accounts. The most important thing is choice and respecting the rights of individuals to look after the fruits of their own labor in a manner that best suits them, their families, and future generations.
Posted in: U.S. credit rating cut for first time ever
-2
Wolfpack
No government entitlement program should force everyone to participate, including retirement or health care programs. Why should the government take away choice for its citizens most important personal decisions? Anyone who wants to participate can participate but as you say, these programs should be separate from the rest of governments non-entitlement related budgets. Ideally, the government would not be involved at all. Those interested should start up a non-profit and pool their resources for the benefit of all that would like to participate.
The idea of taxing accumulated wealth is a horrible idea. When someone earns income they pay the government a tax. Why should it be continuously taxed thereafter? Same goes for property. When you buy a piece of land it is taxed by the government. Why is it necessary to continually tax it thereafter? It's as if you are being charged "rent" for the priviledge of owning property. The government should also want to encourage people to pass on their property to succeeding generations in order for citizens to be able to accumulate wealth - however modest it may be. Continuously taxing it makes that more difficult to the detriment of succeeding generations.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
OK, that will pay down 0.5% of Americas debt. What about the other 99.5%? I hope you are enjoying the unicorns in your anti-capitalist LaLa land. How about a flat tax with no loopholes and an exemption for the first $16K (or where ever the poverty line is). You treat every person the same so it is fair to everyone. It broadens the tax base. The amount of taxes you pay is directly proportional to your income. For example, someone earning 10 times more than someone else will pay 10 times more in taxes (minus the exemption on the first $16K or so earned). Such a plan would raise revenue while simultaneously lowering rates. Lower rates mean more compliance. Lower rates mean a greater proportion of money in the hands of taxpayers to spend and/or invest as they choose. This is much more efficient then having the government choose winners and losers and minimizes distortions in the economy.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
Now that is a nice snappy salute.
Posted in: Yukina Kinoshita spends day as station master
-2
Wolfpack
President Obama is in over his head. Raising taxes and increasing regulations on those that generate jobs is all his narrow collectivist ideological worldview will allow him to consider. He has no answers - everything he has tried via his Keynesian orthodoxy has caused a stunted economic recovery, a scary business environment, and a reduction in the nations credit rating.
Every president back to FDR has a hand in this credit rating reduction. But no one can match Obama's economic ineptitude - not even Carter. The worst that could be said of Reagan and Bush is that they ran annual deficits in the billions. Obama's annual deficits are in the trillions. America borrows 40 cents on every dollar it spends - pure insanity.
I am now an independent because Bush started the Medicaid prescription drug program. Democrats complain about it all the time but they actually wanted to spend more on the program than Bush did! Despite what some here would like to think, there are plenty of conservatives that were upset with Bush's spending. Despite the dot com bust inspired recession and the Enron scam that he inherited from Clinton, 9/11, and the two wars that were agreed upon by Congress on bi-partisan votes (yes, go check the record), he failed to reform Social Security and didn't even try to reform Medicaid and Medicare.
So in this environment, Obama comes into office and does what? Spends like a drunken sailor and does not reform the real drivers of the annual deficit and the cumulative debt - entitlements. In fact, instead of focusing on the economy and jobs, he does the opposite. He adds a new entitlement that is larger than them all - ObamaCare - increases regulations on private sector job creation, and talks incessantly about raising taxes.
President Obama has earned America's downgraded credit rating and the title of "worst president in history".
Posted in: U.S. credit rating cut for first time ever
1
Wolfpack
It doesn't take a rocket scientist to realize Obama was not going to succeed. Just listen to him talk and understand that he planned to - and current is - repeating the same kinds of mistakes that doomed collectivists for the past 80 years. It's just common sense. Besides, it was Joe the plummer that first warned us about Obama. He was right.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
Must be the incompetent leadership of the Obama administration.
Posted in: U.S. soldier pleads guilty in Afghan killing spree
-5
Wolfpack
Well that pretty much makes it official, Obama is without a doubt the worst president in American history. Even the Russians are kicking sand in your face. Get a clue Mr. President, central planning, government wealth redistribution, and progressive politics are incompatible with sound economic policy. You are driving America out of the ditch - only to take the country over a cliff.
Posted in: U.S. credit rating cut for first time ever
0
Wolfpack
Wow - if the Thai people can't unite behind that prime minister than they are not likely to come together behind anyone. I guess if your politics is a mess you might as well get a gorgeous babe as your new leader - makes it a whole lot easier to watch the news day after day.
Posted in: Yingluck Shinawatra becomes Thailand's first female PM
0
Wolfpack
Huge underdogs win at the highest level of their sport a few months after their country endured a terribly tragic natural disaster. A great story and an inspiring victory any way you look at it. Too bad my team lost but the way the Japanese team won - at that moment in time - was a tremendous thing to see.
Posted in: Japan to honor women's World Cup-winning soccer squad
0
Wolfpack
I wonder if President Obama and Hillary still think that Assad is capable of reform and is someone that they can deal with. No doubt they do.
Posted in: Syrian army shells Hama, seizes central square
-1
Wolfpack
That judge is a nut case.
Posted in: Judge allows American to sue Rumsfeld over torture