The good life is inspired by love and guided by knowledge. (Bertrand Russell)

Millionaire Romney may pay federal taxes at middle-class rate

Mitt Romney will probably pay federal taxes in 2011 at a higher rate than most middle-class Americans, but not by much. The Republican presidential contender — estimated to be worth $190 million to $250 million — told reporters after a debate Monday night that about  …

School Transportation Funds Slashed

School districts faced another round of funding cuts, this time mid-year, as the state fell $2.2 billion short of the predicted $4 billion in revenue. School transportation funding suffered a 50 percent cut to save the state $248 million, Gov.

Economy survived some significant shocks without second recession - Mywesttexas.com: Oil

As we went to press, 2011 was rapidly waning. The past year saw economic recovery, though at a snail's pace. However, the economy did survive some significant shocks without sliding back into recession.

U.S. Manufacturing Gains Jobs as Wages Retreat - NYTimes.com

Manufacturers are hiring again in America, softening a long slide in factory employment. But for a new generation of blue-collar workers, even those protected by unions, the price of employment is likely to be lower wages stretching to retirement.

President Obama announces 54.5 mpg fuel efficiency standard

President Obama on July 29 announced a historic agreement with 13 major automakers to pursue the next phase in the Administration’s national vehicle program, increasing fuel economy to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025.

Marathon spin-off gives Ohio fifth-largest refiner

The head of what's now the nation's fifth-largest oil refiner said Thursday that the new Marathon Petroleum Corp. is poised for growth over the next four years. Houston-based Marathon Oil Corp.

Manure to power Ind. dairy farms' delivery trucks

One of the nation's largest dairy cooperatives plans to tap a plentiful energy source — manure from the farms' cows — to power its fleet of milk-delivery trucks. By early next year, Fair Oaks Farms in northwestern Indiana plans to have 42 new delivery trucks running o …

Could We See A Summer Oil Shortage? This Economist Says Yes. - Christopher Helman - Fuel - Forbes

Oil prices might be high, but there’s no shortages around the world, right? Think again, says Anas Alhajji, chief economist at NGP Energy Capital Management in Dallas. The U.S.

Drovers CattleNetwork - Gasoline prices down for the fifth straight week, diesel prices higher

The national average on-highway diesel price increased for the first time in six weeks, adding more than a penny to reach $3.95 per gallon. The diesel price is $1.03 per gallon higher than last year at this time.

House ready to slash funding for key oil-market regulator - KansasCity.com

The Republican-led House of Representatives is poised to pass, as early as Wednesday, a sweeping spending bill that would slash funding for the regulatory agency responsible for policing against excessive speculation and price manipulation in oil markets. House members are expect …

Capitol Alert: Faith-based, community groups pray for California budget fix

With just one day remaining until the constitutional deadline for the Legislature to pass a budget, some observers are hoping a higher power can help close a deal to extend the duration of temporary tax rates set to expire. Hundreds of people from across the state gathered at the …

The drowning suicide that shook an island (Fierfighter Watch on)

Only two people went into the chilly San Francisco Bay waters Monday to help a suicidal Raymond Zack and neither wore a police or firefighter uniform. When Zack, 52, despondent and depressed, walked fully clothed into the bay at Robert Crown Memorial State Beach to take his own  …

Crude oil prices climb Thursday - UPI.com

- Crude oil prices climbed close to $102 per barrel Thursday after oil ministers in Vienna could not agree on new quotas and said production would be unchanged. At Wednesday's meeting, the Organization of Petroleum Exporting Countries was split on the notion of raising production …

High oil prices, demand seen boosting US drillers

With energy demand and oil prices rising quickly, energy companies are looking to extract more fossil fuels here in the U.S. -- a boon for companies that own the rigs needed to reach domestic oil and gas.

Facts on the Framework Agreement on Tax Cuts and Unemployment Insurance

Two articles: Fact Sheet on the Framework Agreement on Tax Cuts and Unemployment Insurance

Monster Snow Storms Could Cover Half of U.S. by Christmas

Bastardi is predicting that the pattern will result in over 50 percent of the country having a white Christmas which is well above the average coverage of less than 25 percent of the country which is usually covered by snow Christmas Day.

Julian Assange to be questioned by British police

Julian Assange, the founder of WikiLeaks, is expected to appear in a UK court tomorrow after his lawyers said he would meet police to discuss a European extradition warrant from Sweden relating to alleged sexual assaults.

27 million hit by US jobs crisis

When their families are included, the total number of Americans directly impacted by mass unemployment is well over 100 million.

Less Money, More Problems

What are millions of American families that are already stretched to the limit going to do when they have less money in 2011?

Unemployment rate: November unemployment rate rises to 9.8%

The figures from the Labor Department are a disappointment, contradicting other indicators that show accelerating economic growth and indicating that employers are still reluctant to add workers.

High Court ruling implies headlines are copyright – we're one step away from links

The UK's High Court has ruled that news monitoring agencies will have to pay publishing companies to use their web content, effectively re-classifying headlines as separate literary works subject to copyright.

Economists worried about the US inflation-survey

Steps by the Federal Reserve to pump more money into the US economy through government bond purchases could stoke inflation, even though growth will remain moderate through 2011, a survey showed on Monday.

U.S. Oil Fund Premium at 0.14 Percent on Nov. 19

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed with premium of 0.14 percent on Nov. 19, according to figures on the fund's website. A premium means that the closing price of the shares is higher than the value of its underlying holdings in the fuel.

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