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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 13, 2012
Page
7
The 2012 budget gap totaled 1.1 trillion dollars as tax revenue rose 6.4 percent to 2.45 trillion while spending fell 1.7 percent to 3.5 trillion. The deficit shrinkage followed a prior spike, with 2009 framing the peak of 1.4 trillion and 2007 at 161 billion.
In Cairo thousands of protesters clashed in dueling demonstrations over President Morsi and the Muslim Brotherhood. At least 110 were injured as conservatives seek greater religious influence amid calls for secular governance.
The European Union earned the Nobel Peace Prize as a morale boost during a 27 nation bloc’s euro area crisis. Critics warn debt burdens threaten unity while leaders hail lasting peace built since World War II and warn against nationalism amid austerity.
Mitt Romney charged Vice President Joe Biden with contradicting sworn State Department testimony over security before the Libya attack that killed the U S ambassador and three others. Biden defended his remarks as reflecting White House stance while Obama stayed off campaign events.
Elizabeth Escalona, 23, received 99 years for savagely beating 2 year old Jocelyn Cedillo to the edge of death and gluing her hands to a wall with Super Glue. The judge called the act brutal and necessary to punish. Parole possible after 30 years.
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