Canada spending growth sluggish in November, Mastercard says






(Reuters) – Canada‘s holiday shopping season got off to a slow start in November with retail sales rising only 1.3 percent from the previous year, compared with 4.2 percent growth a year earlier, according to data released by MasterCard on Thursday.


Still, the shopping season was still young in November. MasterCard Advisors, the payment company’s research and consulting division, found that in recent years, holiday shopping peaks from December 20 to December 22.






“Many Canadians may have gotten an early start with Black Friday and Cyber Monday this year, but it’s still a very young phenomenon in Canada,” Senior Vice-President Richard McLaughlin, said in a release.


The Friday after U.S. Thanksgiving is the unofficial start to the holiday shopping season south of the border, and in recent years retailers have imported Black Friday sales to Canada.


Some also promote online sales the following Monday.


Canada’s online retail sales continued to grow in November, increasing 26.4 percent.


(Reporting by Allison Martell; Editing by Peter Galloway)


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Facebook’s SnapChat-Style Sexting App Is Called Poke (Seriously)






Oh, well would you look at Facebook, trying to make a Christmas funny with its SnapChat copycat app. It’s called Poke! Get it? Because SnapChat is what the kids are all using for their sexting these days, apparently, and Poke — you know, that once kinda flirty Facebook future that’s now pretty much useless — can kind of do the same thing, and it kind of sounds like some bad sexual pun, too! Funny, Facebook, very funny, and way to admit the dirty little truth behind “poking” that we knew all along.


RELATED: Facebook to Launch Its Own SnapChat as Social-Network Clone Wars Live on






Oh, wait. They’re serious? Oh, yeah: Friday afternoon Facebook released Poke, its rumored iPhone app for the incredible vanishing half-message “that makes it fun and easy to say hello to friends wherever you are.” But don’t get too heavy on the old-school “Poke” comparisons, because the new app can actually send regular messages, photos, or videos, too — but only for short periods of time, because that is apparently what the kids like doing these days, if SnapChat’s huge success is any indication. There’s more of a time-bomb component to Poke, though: users can choose how long someone sees a poke before it ceases to exist forever — so you could sext poke all day long, because that, too, is apparently what the kids like doing these days, if SnapChat’s huge, smashing, sexy success is any indication.


RELATED: The Life and Philosophy of Mark Zuckerberg


Why would anyone use Poke over SnapChat? Well, the Facebook app itself has a much smoother interface than SnapChat, and you can report people behaving badly, and everyone’s already on Facebook, right? Maybe this is the breaking point Justin Bieber could never hit, when something sexy goes from the tween set to actual human beings. We’ll let you know when Poke shows up in our iPhone’s App Store; for now we’re not entirely sure if this is just some bad joke. (Although it is in the iTunes Store, so… we’ll see?)


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‘Smart-Tattoos’: How They Could End Up Saving Your Life






So they’re not exactly cute, but if you came of age during the 90s, chances are you have at least regrettable tattoo anyway. (Raise your hand if that same tattoo is in the shape of a butterfly!)   But the latest temporary tattoos do much more than serve as a symbol of misspent youth; they can read a body’s internal processes and alert the user of potential dangers like a dip in blood sugar or a drop in kidney function− all without having to draw any blood.


A recent collaboration between researchers at the University of California San Diego and the University of Toronto created a lightweight and stick-on “smart tattoo.” Embedded in its fibers are a set of “ion-selective electrodes” which is a cooler way of saying “sensors that detect the pH or salt levels of the skin, as well minerals like potassium, and even blood oxidation.”






In other words, it can monitor athletic performance at a granular level, but without any of the bulk or wiring of older sensors. It also means that for the first time, detailed athletic response testing would no longer be limited to the walls of a sports clinic, but could be done daily by the athlete herself. And because the stick-ons are both quick and cheap to produce, it seems a natural fit with a mass market roll-out. Researchers are hoping they’ve designed the next big thing in sports training and expect it to hit shelves within the next twelve months.


MORE: One in Ten Adults Will Be Diabetic in 20 Years


But this athletic testing sensor is only the latest iteration of a variety of body-reading tattoos set to hit the market in the coming year.


Sano Intelligence is in the testing phase of a smart tattoo that reads a wearer’s blood markers. The application would be particularly useful for diabetics, who need to keep strict control over their blood sugar levels and often have to resort to finger-prick tests to determine if those levels are within normal range. The Sano patch would not only allow them to forgo the pain of finger-pricks, but the constant hassle of dragging around testing devices and interrupting daily activities to draw their own blood.


And Boston-based MC10 announced earlier this year that it would soon release its own “stretchable electronics” patch, that can be applied internally to human organs, or externally to human skin, or clothing, depending on what needed to be monitored.  The stick-on’s ability to remain flexible while reading vital signs means that it could effectively gauge the function of specific organs, track brain processes, and monitor more mainstream functions like heart rate, blood oxidation and body hydration. 


What’s going to make the biggest difference in our daily lives as a result of this technology isn’t even the technology itself- it’s that for the first time, we as patients will be able to maintain our mobility and independence as we’re being monitored. This presumably could mean it would be easier to catch oncoming deficiencies before they manifest any symptoms, and the distance between the patient and her specialist would no longer be a hinderance to treatment.


Do you think this kind of technology would be useful in your own life, or do you think that a sensor monitoring your vital signs is just too “sci-fi” for your taste?


Related Stories on TakePart:


• Five Years Out of Juvenile Detention, Depression, Addiction Linger


• Researchers Are Closing In On Method to Predict Flu Outbreaks


• The Most Vulnerable Pay a High Price for Flu Infection



A Bay Area native, Andri Antoniades previously worked as a fashion industry journalist and medical writer.  In addition to reporting the weekend news on TakePart, she volunteers as a webeditor for locally-based nonprofits and works as a freelance feature writer for TimeOutLA.com. Email Andri | @andritweets | TakePart.com


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PSY’s ‘Gangnam Style’ reaches 1B views on YouTube






NEW YORK (AP) — Viral star PSY has reached a new milestone on YouTube.


The South Korean rapper’s video for “Gangnam Style” has reached 1 billion views, according to YouTube’s own counter. It’s the first time any clip has surpassed that mark on the streaming service owned by Google Inc.






It shows the enduring popularity of the self-deprecating video that features Park Jae-sang‘s giddy up-style dance moves. The video has been available on YouTube since July 15, averaging more than 200 million views per month.


Justin Bieber’s video for “Baby” held the previous YouTube record at more than 800 million views.


PSY wasn’t just popular on YouTube, either. Earlier this month Google announced “Gangnam Style” was the second highest trending search of 2012 behind Whitney Houston, who passed away in February.


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Parents hesitant about NRA armed schools proposal


MIAMI (AP) — The nation's largest gun-rights lobby called Friday for the placement of an armed police officer in every school, but parents and educators questioned how safe such a move would keep kids, whether it would be economically feasible and how it would alter student life. Their reactions ranged from supportive to disgusted.


Already, there are an estimated 10,000 sworn officers serving in schools around the country, most of them armed and employed by local police departments, according to a membership association for the officers. Still, they're deployed at only a fraction of the country's approximately 98,000 public schools, and their numbers have declined during the economic downturn. Some departments have increased police presence at schools since last week's shooting rampage at a Connecticut elementary school that left 26 dead, but say they can only do so temporarily because of funding.


The National Rifle Association said at a news conference that it wants Congress to fund armed officers in every American school, breaking its silence on the Connecticut shootings. The idea made sense to some anxious parents and teachers, but provoked outright anger in others.


"Their solution to resolve the issue around guns is to put more guns in the equation?" said Superintendent Hank Grishman of the Jericho, N.Y., schools on Long Island, who has been an educator for 44 years. "If anything it would be less safe for kids. You would be putting them in the midst of potentially more gunfire."


Where school resource officers are already in place, they help foster connections between the schools and police, and often develop a close enough relationship with parents and children that they feel comfortable coming forward with information that could prevent a threat, said Mo Canady, executive director of the National Association of School Resource Officers.


But an Oklahoma educator who teaches at a school with armed officers described the NRA's proposal as a "false solution," though she's not opposed to the presence of more police.


"I teach at a school that has four armed police officers on campus every day, but it's more than a quarter of a mile from the main office to my room, and I'm not even the farthest room away," said Elise Robillard, a French teacher at Westmoore High School. "If (a student) put a loaded gun in their bag and came to my classroom and pulled it out and started shooting, by the time the police officer figured out what was going on and got to my classroom, we'd all be dead. This whole hallway could be dead before a policeman got here."


Around the country, school systems sometimes rotate armed officers through schools or supplement them with unarmed safety agents. New York City's school district is the largest in the country with more than 1 million students. The NYPD has 350 armed officers who rotate throughout the school system, and they're supplemented by unarmed safety personnel who also report to the department. In Philadelphia, school officials have rejected armed patrols in city schools and instead use unarmed school police.


In rural Blount County, Ala., a tobacco tax is used to fund a squad of nine armed sheriff's deputies and a supervisor who are assigned to work inside the system's 16 schools on a full-time basis, superintendent Jim Carr said Friday. They also assist in sports games and other after-school events.


An armed sheriff's deputy assigned to Columbine High School the day of the massacre there in 1999 was unable to stop the violence, though police procedures around the country have changed since then.


According to a Jefferson County Sheriff's Department report released in 2000, the uniformed sheriff's deputy was eating lunch in his patrol car at a park near the school when he rushed to the school in response to a radio report about the violence. The deputy briefly exchanged fire with one of the gunmen, but the gunman ran back inside the building to continue the rampage.


The officer radioed for assistance, and police followed the then-standard procedure of waiting for a SWAT team to arrive before entering the building. Since that tragedy, police procedures have been changed to call for responding officers to rush toward gunfire to stop a gunman first.


In his speech, NRA chief executive officer Wayne LaPierre said Congress should appropriate funds to post an armed police officer in every school. In the meantime, he said the NRA would develop a school emergency response program that would include volunteers from the group's 4.3 million members to help guard children.


The NRA's call came two days after a Kentucky county sheriff announced on Facebook that deputies would have an increased school presence beginning in January. The announcement was met with dozens of notes of thanks and positive comments from parents.


"Thank you so very much," wrote one commenter. "I can stop stressing a little while at work now."


"This is the best news we could have received for Christmas!" wrote another.


Monte Evans, a sixth grade teacher in Wichita, Kan., said schools should have a designated point person licensed and trained to shoot a gun.


"What am I going to stop them with? A stapler?" said Evans, an NRA member. "You need equal force."


Rose Davis, 47, who lives in Chicago's South Side Englewood neighborhood and helps care for her two young grandchildren, said she supports the idea of having armed police officers in schools. Her neighborhood is beset by gang violence and she worries about it spilling into schools.


"With the things going on today, you really don't feel secure," she said.


Even those who support the proposal, however, questioned how practical it would be.


"The real question is sustainability," said Ken Trump, president of the Cleveland-based consulting firm National School Safety and Security Services. "In the long haul, how are you going to fund that?"


But Randi Weingarten, president of the American Federation of Teachers, one of the nation's largest teachers' unions, called the NRA's idea "irresponsible and dangerous."


"Schools must be safe sanctuaries, not armed fortresses," she said.


Republican New Jersey Gov. Chris Christie said that posting armed guards outside schools wouldn't make classrooms safer or encourage learning.


"You can't make this (school) an armed camp for kids," he said.


Jacina Haro, a college educator from Malden, Mass., and the mother of two young children said the solution shouldn't be about having more weapons on campus.


"Schools shouldn't be about guns," said the 38-year-old. "It should be a safe place to learn, free from weapons and the like. I understand wanting to protect our children, but I don't know if that's the right solution. It's a scary solution."


___


Associated Press writers Frank Eltman in Mineola, N.Y.; Maryclaire Dale in Philadelphia; Barbara Rodriguez in Des Moines, Iowa; Jason Keyser in Chicago, Sean Murphy, Oklahoma City; Colleen long in New York; Colleen Slevin in Denver and Jay Reeves in Birmingham, Ala., contributed to this report.


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Italy PM Monti resigns, elections likely in February






ROME (Reuters) – Italian Prime Minister Mario Monti tendered his resignation to the president on Friday after 13 months in office, opening the way to a highly uncertain national election in February.


The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he has faced growing pressure to seek a second term.






President Giorgio Napolitano is expected to dissolve parliament in the next few days and has already indicated that the most likely date for the election is February 24.


In an unexpected move, Napolitano said he would hold consultations with political leaders from all the main parties on Saturday to discuss the next steps. In the meantime Monti will continue in a caretaker capacity.


European leaders including German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso have called for Monti’s economic reform agenda to continue but Italy’s two main parties have said he should stay out of the race.


Monti, who handed in his resignation during a brief meeting at the presidential palace shortly after parliament approved his government’s 2013 budget, will hold a news conference on Sunday at which he is expected clarify his intentions.


Ordinary Italians are weary of repeated tax hikes and spending cuts and opinion polls offer little evidence that they are ready to give Monti a second term. A survey this week showed 61 percent saying he should not stand.


Whether he runs or not, his legacy will loom over an election which will be fought out over the painful measures he has introduced to try to rein in Italy’s huge public debt and revive its stagnant economy.


His resignation came a couple of months before the end of his term, after his technocrat government lost the support of Silvio Berlusconi‘s centre-right People of Freedom (PDL) party in parliament earlier this month.


Speculation is swirling over Monti’s next moves. These could include outlining policy recommendations, endorsing a centrist alliance committed to his reform agenda or even standing as a candidate in the election himself.


The centre-left Democratic Party (PD) has held a strong lead in the polls for months but a centrist alliance led by Monti could gain enough support in the Senate to force the PD to seek a coalition deal which could help shape the economic agenda.


BERLUSCONI IN WINGS


Senior figures from the alliance, including both the UDC party, which is close to the Roman Catholic Church, and a new group founded by Ferrari sports car chairman Luca di Montezemolo, have been hoping to gain Monti’s backing.


He has not said clearly whether he intends to run, but he has dropped heavy hints he will continue to push a reform agenda that has the backing of both Italy’s business community and its European partners.


The PD has promised to stick to the deficit reduction targets Monti has agreed with the European Union and says it will maintain the broad course he has set while putting more emphasis on reviving growth.


Berlusconi’s return to the political arena has added to the already considerable uncertainty about the centre-right’s intentions and increased the likelihood of a messy and potentially bitter election campaign.


The billionaire media tycoon has fluctuated between attacking the government’s “Germano-centric” austerity policies and promising to stand aside if Monti agrees to lead the centre right, but now appears to have settled on an anti-Monti line.


He has pledged to cut taxes and scrap a hated housing tax which Monti imposed. He has also sounded a stridently anti-German line which has at times echoed the tone of the populist 5-Star Movement headed by maverick comic Beppe Grillo.


The PD and the PDL, both of which supported Monti’s technocrat government in parliament, have made it clear they would not be happy if he ran against them and there have been foretastes of the kind of attacks he can expect.


Former centre-left prime minister Massimo D’Alema said in an interview last week that it would be “morally questionable” for Monti to run against the PD, which backed all of his reforms and which has pledged to maintain his pledges to European partners.


Berlusconi who has mounted an intensive media campaign in the past few days, echoed that criticism this week, saying Monti risked losing the credibility he has won over the past year and becoming a “little political figure”.


(Additional reporting by Gavin Jones, Massimiliano Di Giorgio and Paolo Biondi; Writing by Gavin Jones and James Mackenzie; Editing by Michael Roddy)


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Red Hat shares up on acquisition and 3Q results






Red Hat Inc.‘s shares jumped Friday on the software company‘s solid third-quarter results and plans to acquire cloud-based software company ManageIQ.


THE SPARK: Red Hat said late Thursday that it would buy privately held ManageIQ for $ 104 million in cash.






The Raleigh, N.C., company also reported that it earned 29 cents per share for its fiscal third quarter on an adjusted basis, up a penny from the prior year and in line with analyst expectations. Its revenue for the period increased 18 percent to $ 343.6 million, which beats the $ 338 million that analysts polled by FactSet had forecast.


THE BIG PICTURE: ManageIQ’s software helps businesses deploy and manage private clouds. Red Hat said the deal will expand the reach of its public-private cloud setups for its customers. The acquisition is expected to have no material impact to Red Hat’s revenue for its fiscal year ending in February.


THE ANALYSIS: Stifel Nicolaus analyst Brad R. Reback said that the company has been able to maintain momentum even in a difficult environment and he thinks the latest deal offers an interesting longer-term angle for its business. He thinks the company is well positioned to generate at least 15 to 20 percent billings growth in the future. He reiterated a “Buy” rating and a $ 65 price target on its shares.


SHARE ACTION: Shares gained $ 2.25, or more than 4 percent, to $ 54.86 in afternoon trading. Shares have traded between $ 39.19 and $ 62.75 in the past 52 weeks.


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Hep C cases linked to NH hospital worker rise






CONCORD, N.H. (AP) — Five more people have been diagnosed with the same strain of hepatitis C a former traveling hospital worker is accused of spreading through tainted needles, bringing the total to 44 in four states.


David Kwiatkowski, whom prosecutors have called a “serial infector,” is charged with stealing painkillers from New Hampshire’s Exeter Hospital and replacing them with saline-filled syringes tainted with his own blood. He pleaded not guilty earlier this month to 14 federal drug charges and has been in jail since his arrest in July.






Thirty-two New Hampshire patients have tested positive for the same strain of the liver-destroying disease Kwiatkowski carries, and a dozen other cases have emerged in some of the 18 hospitals in seven states where he previously worked.


Maryland health officials announced four new cases on Friday, all involving patients at The Johns Hopkins Hospital, where Kwiatkowski worked from July 2009 to January 2010.


The previously reported cases include one from the Baltimore VA Medical Center and six from Hays Medical Center in Kansas. Another case has been confirmed at the University of Pittsburgh Medical Center in Pennsylvania, a hospital spokeswoman told The Associated Press this week.


Over the years, Kwiatkowski was fired twice over allegations of drug use and theft, including from UPMC, where he was just a few weeks into his temporary stint when a co-worker accused him of swiping a fentanyl syringe from an operating room and sticking it down his pants. Citing a lack of evidence, hospital authorities didn’t call police, and neither the hospital nor the medical staffing agency that placed him in the job informed the national accreditation organization for radiological technicians.


In Maryland, the Department of Health and Mental Hygiene said Friday that no drug diversion allegations involving Kwiatkowski were reported to the agency during his time there, but the five linked cases adds to the concern that such activity took place. The department expects to release a report early next year on potential vulnerabilities and steps to prevent future outbreaks.


Kwiatkowski was sent to Johns Hopkins by a staffing agency that assured the hospital it had followed a vigorous vetting process, hospital spokeswoman Kim Hoppe said.


“This includes a criminal background check, credentials and licensure verification, health and drug screening and two references,” she said. “In this case, none of the information that Medical Solutions provided about this health care worker suggested a history of drug diversion or any other criminal activity.”


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Marilyn Monroe subway grate photo on view in NYC






NEW YORK (AP) — A famous image of Marilyn Monroe with her skirt billowing atop a New York City subway grate is on display in a picture-perfect spot: outside the Times Square subway station.


The supersized version of Sam Shaw‘s well-known picture is part of an exhibit. The exhibit also features eight of Shaw’s other Monroe pictures, on view inside the 42nd Street-Bryant Park station on the B, D, F, M and 7 lines.






The show opened Thursday. It’ll be up for a year.


Shaw shot the subway grate photo for the 1955 film “The Seven Year Itch.” He took the other pictures in 1957.


The exhibit is part of the Metropolitan Transportation Authority’s Arts for Transit program. Manager Lester Burg says matching a mass transit setting with a popular figure from mass culture seemed a good fit.


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Boehner suffers major 'fiscal cliff' setback


House Speaker Rep. John Boehner, R-Ohio, speaks to the media about the fiscal cliff at the U.S. Capitol in Washington. …In a stinging setback for Republican House Speaker John Boehner, a lack of support from inside his own party for his “fiscal cliff” fall-back plan forced him late Thursday to cancel a much-trumpeted vote on the measure.


“The House did not take up the tax measure today because it did not have sufficient support from our members to pass,” Boehner said in a written statement released after an emergency meeting of House Republicans.


The measure, dubbed “Plan B,” would have let Bush-era tax cuts expire on income above $1 million annually, while extending them for everyone else. It appeared that Boehner faced a rebellion from conservatives opposed to any tax hike, while House Democrats starved the bill of their support, making passage impossible.


Boehner’s dramatic defeat cast fresh doubt on efforts to avert the “fiscal cliff” and spare Americans across-the-board income tax hikes come Jan. 1. Those increases, coupled with deep automatic spending cuts scheduled to take effect the same day, could plunge the fragile economy into a new recession. Talks between the speaker and President Barack Obama were at a stalemate, according to aides on both sides.


After the cancellation of the vote, Republican House Majority Leader Eric Cantor announced on Twitter the House "has concluded legislative business for the week. The House will return after the Christmas holiday when needed."


Boehner’s “Plan B” had aimed to shift any blame for going over the "fiscal cliff" to Obama and Senate Democrats led by Harry Reid. Polls show a narrow majority of Americans say they would hold the GOP responsible if a deal is not reached to avert the "cliff."


“Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff,” the speaker said. He pointed to House passage of Republican bills that would stop all of the tax increases and replace the automatic cuts. “The Senate must now act.”


White House press secretary Jay Carney said in a statement Thursday night that Obama's "main priority is to ensure that taxes don’t go up on 98 percent of Americans and 97 percent of small businesses in just a few short days. The president will work with Congress to get this done and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy."


The vote had initially been scheduled for 7:30 p.m. But House Republican leaders’ vote counting showed up coming up short. Rather than suffer a defeat in a floor vote, they pulled the bill.


Earlier, the White House had pressed Boehner to stick with negotiations with Obama and threatened to veto “Plan B,” which top Senate Democrats mocked as “dead on arrival” in the upper chamber.


“Instead of taking the opportunity that was presented to them to continue to negotiate what could be a very helpful, large deal for the American people, the Republicans in the House have decided to run down an alley that has no exit while we all watch,” Carney told reporters.


He also indicated that communications, even at the staff level, were on hold.


President Barack Obama waves to the media as he walks from Marine One to the Oval Office of the White House (Carolyn …One early sign of trouble for Boehner came in a too-narrow-for-comfort vote victory on the second part of his plan, which would have replaced the automatic cuts in defense and domestic spending–the so-called “sequester”–with a Republican alternative. That measure passed by a 215-209 margin.


Before that, lawmakers had defeated a Democratic attempt to derail the process by a 179-243 margin.


The “Plan B” push had pitted Boehner against conservative groups like the anti-tax Club for Growth and Heritage Action–which warned lawmakers the results would go on their permanent records.


But even a victory for Boehner would have been mostly symbolic.


Democratic Senate Majority Leader Harry Reid offered the “fiscal cliff” equivalent to Monty Python’s “dead parrot” sketch, dismissing "Plan B" as a “pointless political stunt,” declaring that Boehner’s efforts were “non-starters in the Senate” and insisting that “House Republicans know that the bill has no future.”


“If they don’t know it now, tell them what I said,” Reid said. “It’s time for Republicans to get serious” about negotiating with Obama. (Anyone still think the parrot is just resting? No. 2 Senate Democrat Dick Durbin bluntly declared “Plan B” to be “dead on arrival.”)


Reid also announced that the Senate would be back at work on Dec. 27. (Earlier, Republican House Majority Leader Eric Cantor said representatives would not leave town immediately after the "Plan B" vote.)


Boehner shrugged off Reid’s comments.


“After today, Senate Democrats and the White House are going to have to act on this measure,” he told reporters. “And if Senate Democrats and the White House refuse to act, they’ll be responsible for the largest tax hike in American history.”


Boehner had declared himself “hopeful” that he and Obama can reach a broader deal and insisted he was “not convinced at all that when the bill passes the House today it will die in the Senate.”


The White House, which had already leveled a veto threat, blasted “Plan B” in a blog post as “nothing more than a dangerous diversion” that scraps funding for services like Meals on Wheels, which reaches some 1.7 million elderly people, as well as child care programs and initiatives that help homeowners prevent foreclosure.


Some analysts had noted that Obama and Boehner were just a few billion dollars apart and that “Plan B” could turn out to the be the legislative vehicle for any final compromise deal.


“We will have to be here the 27th no matter what happens,” Democratic Sen. Chuck Schumer said. “If there’s no agreement we have to be here to try and hammer out something. If there is an agreement it’ll take several days to write it up–our poor staffs will have to be doing it during the holiday–and then vote on it the 27th.”


Democrats argued that Obama’s latest offer to Boehner included a sizable concession. The president said Monday that he’d accept rates going up on household income above $400,000, rather than $250,000, the number he cited throughout his reelection campaign.


Obama's new proposal also calls for raising $1.2 trillion in new tax revenues on individual income–down from $1.4 trillion in his previous proposal and $1.6 trillion in his opening gambit–coupled with about $1 trillion in spending cuts. The president’s proposal includes about $130 billion saved by adopting lower cost-of-living adjustments for Social Security, something liberal Democrats oppose.


Republicans charged that the president was relying on dodgy math by including interest that won’t have to be paid on the national debt thanks to the savings–even though Boehner has embraced that accounting maneuver in the past.


Early in the day, Boehner himself had rejected charges that “Plan B” showed that he feared he would be unable to rally enough Republicans behind a more comprehensive deal.


“Listen, the president knows that I’ve been able to keep my word on every agreement we’ve ever made,” he said.



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