
WE ARE ALL FROM THE ONE……….




President Hu Jintao heads back to China on Friday, his state visit to Washington having underscored his country’s status as the United States’ top economic rival — or even its superior, by one economist’s assessment.
By traditional measures of gross domestic product — the value, in U.S. dollars, of total goods and services produced — the size of the U.S. economy is $14.6 trillion. China’s GDP is only $5.7 trillion.
But if China’s economy is assessed according to its “purchasing power,” it may be a different story. “In a developing country,” says Arvind Subramanian of the Peterson Institute for International Economics, “the amount it would cost you to get a haircut or go to a doctor would be much cheaper than what it would be in the United States.

The scandal over Nevada Republican Sen. John Ensign’s extramarital affair with an employee has renewed interest in a secretive fundamentalist Christian group known as The Family, with whom he lives when in Washington, D.C.
Ensign last month admitted to an affair with Cynthia Hampton, whose husband, Doug Hampton, was a top aide to Ensign and his best friend. After Doug Hampton asked The Family to intervene, members confronted Ensign at the group’s house on C Street in Washington.
On Wednesday, the author of a book about The Family was interviewed on KNPR-FM’s public affairs show “State of Nevada.” Author Jeff Sharlet, a contributing editor to Harper’s and Rolling Stone magazines, lived with The Family in early 2002. His book, “The Family: The Secret Fundamentalism at the Heart of American Power,” was published last year by HarperCollins.”
For the rest of the report click on:
(a summary)
WASHINGTON (AP) — Republican presidential candidate John McCain‘s signal that he may be open to a higher payroll tax for Social Security, despite previous vows not to raise taxes of any kind, is drawing sharp rebukes from conservatives.
McCain’s shift has come in stages, catching some Republicans by surprise. Speaking with reporters on his campaign bus on July 9, he cited a need to shore up Social Security. “I cannot tell you what I would do, except to put everything on the table,” he said.
He went a step farther Sunday on ABC’s “This Week,” in response to a question about payroll tax increases.
“There is nothing that’s off the table. I have my positions, and I’ll articulate them. But nothing’s off the table,” McCain said. “I don’t want tax increases. But that doesn’t mean that anything is off the table.”
That comment drew a strong response from the Club for Growth, a Washington anti-tax group. McCain’s comments, the group said in a letter to the Arizona senator, are “shocking because you have been adamant in your opposition to raising taxes under any circumstances.”
During a town-hall meeting in Sparks, Nev., McCain insisted anew Tuesday that he would not raise taxes if elected.
He frequently has promised not to raise taxes.
For the complete article click on: http://www.usatoday.com/