Tuesday, September 27, 2011

Wake Me When the Obama Nightmare Is Over

Here's a few items from today's news to keep you shuddering (whether through fear, anger or moral angst) throughout the day.

1) 20,000 Portable Missiles Have Gone, Uh...Missing

U.S. officials had once thought there was little chance that terrorists could get their hands on many of the portable surface-to-air missiles that can bring down a commercial jet liner.

But now that calculation is out the window, with officials at a recent secret White House meeting reporting that thousands of them have gone missing in Libya...

The nightmare has been made real with the discovery in Libya that an estimated 20,000 portable, heat-seeking missiles have gone missing from unguarded Army weapons warehouses...

(ABC News, this morning.)

2) Coca-Cola Prefers China, Brazil Business Atmosphere to America's Hostility

Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive.

Muhtar Kent, Coke’s chief executive, said “in many respects” it was easier doing business in China, which he likened to a well-managed company. “You have a one-stop shop in terms of the Chinese foreign investment agency and local governments are fighting for investment with each other,” he told the Financial Times.

Mr Kent also pointed to Brazil as an example of an emerging economy that is making itself attractive to investment in ways that the US once did.

“They’re learning very fast, these countries,” he said. “In the west, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment.”

(Alan Rappeport in the Financial Times this morning. Here's the whole story.

3) Who Really Cares for the Poor? Obama's Jobs Bill Would Strangle Charities

A little-noticed provision in President Obama’s new $447 billion jobs bill seeks to limit tax deduction for charitable giving at 28 cents for every dollar donated, causing big waves along the front lines of those serving in rescue missions and crisis shelters across the country.

The provision in the bill will not only limit the generosity of private donors who give to rescue missions, but it will also hamper the ability of rescue missions to raise private dollars that pay for badly needed services for the hungry, homeless, abused, and addicted, these mission groups fear.

“This is a time to increase incentives for all Americans to give; it’s not a time to experiment with disincentives,” John Ashmen, president of the Association of Gospel Rescue Missions (AGRM), told The Christian Post Friday...

(Christian Post, this morning.)