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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 09, 2010
Page
6
The proposed tax package extends Bush era cuts and adds a one year Social Security payroll tax cut, boosting take home pay for nearly all workers. It extends unemployment benefits through 2011 and raises the estate tax threshold while preserving credits for tuition and children.
In Sweden a broad rape law may criminalize sex with limited coercion. WikiLeaks founder Julian Assange faces questions over alleged acts with two women, one of whom lent an apartment, amid redacted police reports and a British court reveal. Assange denies wrongdoing and calls charges political.
Notable North Lawrence ICL Performance Products will expand with a new sodium hexametaphosphate facility at 440 N Ninth St in Lawrence. It aims to meet rising demand in food additives beverages and water treatment with completion expected by late 2011. Details on size and job impact await parent company update.
The Dow rose 13.32 points to 11372.48 while the Nasdaq edged up 10.67 to 2609.16 and the S&P 500 advanced 1.0 point to 1228.28. The 30 year Treasury yield stood at 4.44 percent. In commodities, corn was at 1275 cents, soybeans 10.5 cents, wheat 575 cents, and oil fell 4 cents to 88.28 a barrel.
Hackers linked to Operation Payback attacked MasterCard Visa and other entities in support of WikiLeaks founder Julian Assange. MasterCard reported a service disruption while Visa faced site inaccessibility. PayPal faced a denial of service. The actions followed WikiLeaks secret cables and pressure from U.S. authorities.
The Obama administration urged Democrats to back the $900 billion year end tax cut compromise, warning that defeating it could stall the economy and trigger a double dip recession. Summers said delay risked worsening unemployment, while some Democrats supported the plan despite protests from others.
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