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Timothy Kline – Thoughts, Reflections and Insights

Michigan One of a Few States Raising Taxes on the Poor and Cutting Back for Businesses

Low-income workers losing credits while businesses saving more than $1 billion

Low-income workers losing credits while businesses saving more than $1 billion

Michigan is among just a handful of states raising taxes on low-income working families while cutting taxes for other groups, the Center for Budget and Policy Priorities said in a report released Tuesday.

The Washington-based group notes that Michigan, New Jersey and Wisconsin all have scaled back tax credits for low-income workers in recent years while cutting business taxes. In Michigan’s case, low-income families will see their tax breaks shrink starting next year by about $260 million annually while businesses will get a $1.1 billion tax break starting in January and a $1.7 billion tax break the year after.

Michigan Gov. Rick Snyder originally wanted to eliminate the state Earned Income Tax Credit, but agreed to reduce it from 20 percent of the federal credit to 6 percent for tax year 2012.

[Read the rest of this AP article by clicking here]

How Social Media Distorts the Occupy Movement

...not even a crawler along the bottom of any news network reporting that this was going on. Yet, these folks can cover Egypt and Moscow. Odd.

...not even a crawler along the bottom of any news network reporting that this was going on. Yet, these folks can cover Egypt and Moscow. Odd.

If you were on the West Coast last night, as you were about to go to bed, you would have figured out that something was up in New York City. The encampment called Occupy Wall Street was about to be attacked by a large police contingent and removed from lower Manhattan, forcibly.

You would have been alerted to this via social media, either Facebook or Twitter. You would’ve then gone to your computer to visit either UStream.com or any number of Occupy Wall Street websites to watch a live stream amateurishly filmed by someone with an iPhone. This would’ve been accompanied by miscellaneous commentary.

CNN, which seemed to have no difficulty being in Moscow during the fall of communism, had no reporter on the grounds.

Apparently, the bridges were all shut down, the subway was closed, and a huge armed police contingent marched through the city, but the mainstream media was M.I.A. The only footage came from cell phones.

I checked all the networks and there was not even a crawler along the bottom of any news network reporting that this was going on. Yet, these folks can cover Egypt and Moscow. Odd.

Finally, Al Jazeera comes on with live reports. Geez.

So the streaming continues but then stops abruptly as the plug was pulled on the cell towers serving the park area. Just like in Egypt. Funny how that works.

[Read the rest of John C. Dvorak's excellent article by visiting PCMag.com]

Fannie, Freddie execs score $100 million payday

Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.

Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.

NEW YORK (CNNMoney) — Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.

The top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at Freddie Mac received $28.1 million. And each company has set pay targets of as much as $17 million for its top managers for 2011.

That’s a total of $95.4 million, which will essentially be coming from taxpayers, who have been keeping the mortgage finance giants alive with regular quarterly cash infusions since the Federal Home Finance Agency (FHFA) took control of the companies in September 2008.

Fannie CEO Michael Williams and Freddie CEO Charles Halderman, each received about $5.5 million in pay for last year, and they could receive more when their final deferred compensation for 2010 is set. All the executives receive a significant portion of their pay in the year or years after they earn it.

The CEOs’ pay targets for 2011 are about $6 million a piece, though Halderman might not get much of that money since he’s announced plans to leave Freddie sometime in 2012. He must still be at the company in order to receive the deferred compensation. His base pay for 2011 is $900,000, with most of the rest of his compensation coming in deferred payments.

The salary filings were all made by the companies in early 2011, but received relatively little attention until a recent report by Politico, the political news Web site, which highlighted about $12.8 million in bonuses the executives received for last year.

[To read the rest of this article by Chris Isidore, at CNN Money, follow the link]

Singing in the brain: wrens cooperate to make better music

Since the wren's brain responses were stronger for duets than for any other sound, it appears that their brains are wired for cooperation.

Since the wren's brain responses were stronger for duets than for any other sound, it appears that their brains are wired for cooperation.

Deep in the cloud forests of Ecuador, on the slopes of an active volcano, there lives a chubby, unassuming looking bird known as the plain-tailed wren. As the name implies, it does not look extraordinary, but there is something extraordinary in the way this bird sings. The plain-tailed wren is famous for its unusual duet, where the vocalizations of a male and a female meld so seamlessly that one might think it was a single bird singing.

“What’s happening is that the male and female are alternating syllables, thought it often sounds like one bird singing alone, very sharply, shrilly and loudly,” explained John Hopkins behavioral neuroscientist Eric Fortune.

In order to examine how sensory information from each wren is used to coordinate singing between individuals for this cooperative behavior, Fortune and his colleagues listened to more than 1,000 wren vocalizations captured in over 150 hours of recordings. They found that wrens commonly sang duets, but both males and females also sang on their own as well. The structure and sequence of syllables sung in duets and solitary singing were identical—with gaps in the individual song where the partner would normally sing. But during a solo, the duration of gaps between sung syllables varied more significantly. This suggests that sensory cues affect the duration and variability of the gaps, and that the birds do not use a fixed pattern to sing.

To learn how cooperative duet singing was encoded in the brain, the researchers captured 6 birds and monitored brain activity in the area that controls singing. They recorded up to 30 hours from each of the three female and three male wrens, and then played back isolated “units” from the recordings. These various pieces included both duets and isolated syllables, and the researchers manipulated some of them, reversing a clip in its entirety or presenting each syllable in reverse order. The researchers expected to find that the brain responded most to the wren’s own singing voice, but both females and males responded best to the duet.

“We found that the brain of each individual participant prefers the combined activity over his or her own part,” said Fortune. Since the wren’s brain responses were stronger for duets than for any other sound, it appears that their brains are wired for cooperation. Because the neurotransmitter systems that control brain activity at the molecular level are nearly identical in all vertebrates and the layout of the brain structures is the same, the brain mechanisms observed in the wrens could hint at the same ones used for cooperative behavior in other vertebrate species. (Written by Allie Wilkinson, Ars Technica)

[For further information, follow this link at Science Magazine]