Reuters: Egyptians Prepare For Controversial Constitutional Referendum Vote

Source:The New Democrat

Sounds like the Egyptian military is trying to expand their legal authority over the country. Whether or not they are able to put in another Hosni Mubarak like strongman to run the entire country or not. Which is a shame if the Egyptian statists are successful, because Egypt could become a great place and country if the people there just had the freedom to make that happen. And whatever is left of the liberal democratic movement there stood up and demanded their freedom for the country. Egypt is clearly not ready for liberal democracy and a liberal form of government based and society based on checks and balances and individual rights and freedom. Which should not be very surprising considering how long they’ve lived under statist authoritarian rule.

Reuters: 'Grover Norquist Predicts 2-Year Extension of All Bush Era Tax Cuts'

Source:Reuters- Read Grover Norquist's lips: "No, new, taxes!"

"Norquist predicts 2 year extension of all Bush era tax cuts"

From Fishing For WNs

Grover Norquist predicting that President Obama and Congress will once again punt on the Bush tax cuts and to give them another two-year extension. 

It's time for the Washington to stop playing football on the Bush tax cuts and show some leadership. Of course thats easier said than done but if. They can just come to an agreement on tax reform, that in the short-term we would eliminate most if not all tax loopholes and even reform things like the Home Mortgage Deduction, that it wouldn't apply to homes worth more than a million dollars. 

Reuters: Jane Lanhee Lee- 'China's Young Capitalists Covet Communist Party Membership'

Source:Reuters - hostage taking?

"Maoist ideas may appear outdated in a fast-growing and increasingly prosperous China, but ambitious young people still strive to join the Communist Party to forge vital career connections." 

From Reuters

This is what Chinese communism looks like, mixing in state capitalism a combination of private enterprise, with a large welfare state, to go along with some state owned enterprises. And a lack of the social freedom compared with Japan, Korea, Australia, and the West. 

China had figured out whether they like capitalism or not, it's necessary to have it for their country, especially their regime to be as strong as possible. So they can say to their people that personal freedom and choice, is very limited. But at least we can survive as a country economically and see hundreds of millions of Chinese do very well. And keep the status-quo as far as the party in power. And not need to open up our political system and allow for more personal freedom, because their people will they're doing well economically with the system and be able to raise their kids, get an education and live well. 

And see China do very well compared with the world and even developed world. This is their gamble at least so far and so far it's been paying off very well for them. Cuba is trying the same thing with their communist republic as well.

Reuters: 'Money Clip: Get ready to Work Until You're 80'

Source:Reuters- Money Clip.

"More Americans believe they’ll have to work longer to make ends meet. A new Wells Fargo Retirement Survey shows that 30 percent believe they’ll have to work until they’re 80. Reuters Personal Finance Editor Lauren Young breaks down the survey and explains what it means for people as they near what should be their retirement years." 

From Reuters

Just more evidence of why we need pension reform, including when it comes to Social Security, that empowers and encourages Americans to put more money away for retirement and savings and putting more people back to work faster. We shouldn't be taxing savings or retirement up to a certain percentage which would empower more people to put more money away.

Reuters: 'New leadership Unlikely to Breathe Life Into China Markets'

"The last time China had a party congress, stocks were on a tear - but things are different now, and the upcoming leadership transition is unlikely to create market cheer." 

From Reuters

Don't expect the People's Republic of China to become a liberal democracy anytime soon.

Reuters: 'Hip-Hop Hugo Chavez Tries to Show Youth Vote He’s Fly'

"Venezuelan President Hugo Chavez is in a tight race against a much younger opponent: enter a sleek and very hip campaign aimed at appealing to young voters. Reuters’ Daniel Wallis reports." 

From Reuters

President Chavez could impress the youth vote by giving them more freedom and stop governing like a dictator. Let them be individuals, instead of forcing them to live like collectivists.