Sabtu, 15 September 2012

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Romney Seeks Traction in Swing States - Wall Street Journal

Posted: 15 Sep 2012 09:03 AM PDT

For Mitt Romney, good news came Friday with word that President Barack Obama had added a stop to his travel schedule next week. For the first time this election season, Mr. Obama will campaign in Wisconsin, a confirmation that the traditionally Democratic state is now in play.

Mr. Romney could use more such tactical victories. A series of polls in recent weeks has shown that he is not solidifying support in many of the states he needs to win, leaving him a narrow path to a majority in the Electoral College.

Of nine states that have swung between the parties ...

Angry protests boil over as US grapples with new reality - Boston Herald

Posted: 15 Sep 2012 09:04 AM PDT

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Jumaat, 14 September 2012

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US stocks higher for 2nd day

Posted: 14 Sep 2012 05:54 PM PDT

WASHINGTON: US stocks finished higher on Friday for a second day of gains on the back of the Federal Reserve's new QE3 stimulus, tracing the earlier rises of markets in Europe and Asia.

Mining and energy shares and related industries led the way higher, followed by retailers, all buoyed by prospects for improved growth next year.

The Dow Jones Industrial Average finished up 53.51 points (0.40 percent) at 13,593.37.

The S&P 500 added 5.78 points (0.40 percent) to 1,465.77, while the tech-rich Nasdaq gained 28.12 points (0.89 percent) to 3,183.95.

Markets worldwide were roundly higher after the Fed announced its QE3 bond-buying programme on Thursday and pledged to keep going with stimulus until the economy and jobs market showed solid signs of sustained growth.

Caterpillar jumped 2.8 percent, Freeport McMoran 2.0 percent, Cliff Resources 5.5 percent, and Bank of America 3.5 percent.

Office supply retailer Staples jumped 2.1 percent on talk that several private equity firms are weighing possible efforts to take over the company.

Other retailers gained: Fossil was up 9.6 percent, Kids Brands 13.6 percent, and Oshkosh 8.2 percent.

Apple added 1.1 percent, still riding the wave of its launch of the iPhone 5 this week. But telecoms shares fell, with Verizon and AT&T both losing 2.4 percent, as analysts said the new iPhone would hit their margins. -- AFP

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Egyptians clash with police near US embassy - Reuters

Posted: 14 Sep 2012 08:59 AM PDT

Fri Sep 14, 2012 9:01pm IST

* Authorities build concrete wall to protect embassy

* Egypt's Islamist president faces tough balancing act

* Mursi condemns film, pledges to protect embassies

* United States is a big aid donor to Egypt

By Edmund Blair and Tamim Elyan

CAIRO, Sept 14 (Reuters) - Egyptians angry at a film they said was blasphemous to Islam clashed on Friday in Cairo for a third day with police who blocked the way to the U.S. embassy, where demonstrators climbed the walls and tore down the American flag earlier this week.

"God is Greatest" and "There is no god but God", one group near the front of the clashes chanted, as police in riot gear fired teargas and threw stones in a street leading from Tahrir Square to the embassy nearby.

Hundreds of protesters gathered in streets near the mission, pelting police with stones. State media had earlier said 224 people were injured in clashes that erupted on Wednesday, after Tuesday's breach of the embassy.

Elsewhere, thousands of others joined peaceful protests after Friday prayers in Tahrir and outside mosques in Cairo and other cities, responding to a call by the Muslim Brotherhood, the group that propelled President Mohamed Mursi to power.

Many Muslims regard any depiction of the Prophet Mohammad as blasphemous and the film that portrayed him as a womaniser and religious fake has provoked outrage across the Middle East and led to the storming of several U.S. missions in the region.

Mursi, an Islamist and Egypt's first freely elected leader, has to strike a delicate balance, fulfilling a pledge to protect the embassy of a major aid donor but also delivering a robust line against the film to satisfy his Islamist backers.

Mursi repeated on Friday his condemnation of the film, rejection of violence and promise to protect diplomatic missions in comments in Italy, the second stop of a trip to Europe.

On Thursday, he said he asked U.S. President Barack Obama to act against those seeking to harm relations. His cabinet said Washington was not to blame for the film but urged the United States to take legal action against those insulting religion.

Washington says it has nothing to do with the film but cannot curb the constitutional right to free speech.

The United States has a large embassy in Cairo, partly because of a vast aid programme that began after Egypt signed a peace deal with Israel in 1979. Washington gives $1.3 billion in aid each year to the army plus additional funds to Egypt.

"Before the police, we were attacked by Obama, and his government, and the Coptic Christians living abroad," shouted one protester wearing a robe and long beard favoured by some ultra-orthodox Muslims, speaking close to the police cordon.

FRIDAY PRAYERS

Egypt's Coptic Orthodox church has condemned what it said were Copts abroad who had financed the film. Many Copts worry about the rise of Islamists and fret about any action that could stoke tensions between the two communities.

Two Islamist preachers in Egypt told worshippers on Friday those who made the movie deserved to die under sharia, Islamic law, but said diplomats and police should not be targeted.

Although this could be taken by some Muslims as an edict to take the law into their hands, many Egyptians believe only the prestigious Al-Azhar mosque has the authority to issue decrees. An al-Azhar preacher said protests should be peaceful.

One banner held aloft by demonstrators read: "It is the duty of all Muslims and Christians to kill Morris Sadek and Sam Bacile and everyone who participated in the film."

The two people named are both linked to the film. Sadek, a Copt living in the United States, told Reuters this week he promoted the film to highlight discrimination against Christians who make up about 10 percent of Egypt's 83 million people.

Police retreated during Friday behind a wall of concrete blocks cuting off the short route to the fortress-like U.S. embassy from Tahrir, the cauldron of the uprising against Hosni Mubarak and location for countless demonstrations since then.

A burnt out car was overturned and windows of a bank were smashed. Hundreds of protesters gathered to throw stones over the wall after some police retreated behind it and then clashed with police on another road on the banks of the Nile, where there are alternative routes to the embassy.

OPPOSITION TO VIOLENCE

"They are protecting the embassy. We want to enter the embassy and pull down the flag and kick out the ambassador," said Alaa el-Din Yehia, 25, an unemployed graduate.

The violence has angered many Egyptians. One image circulating on Facebook showed a burnt out car accompanied by the words: "People go to defend the Prophet with petrol bombs and religious insults to the police. They don't pray at noon or in the afternoon. Who are they?"

Though some demonstrators clashing with police near the embassy wore clothes favoured by ultra-orthodox Islamists, most were young men or youths in jeans and T-shirts. Some made it clear they did not back Mursi or have Islamist sentiments.

"Mursi is protecting them and attacking us, he should allow us in," said Mohamed Mustafa, 20, a ceramics worker who voted for a liberal rival of Mursi's in the presidential election.

Washington, a close ally of Egypt under Mubarak, has long been wary of Islamists, only formally opening contacts with the Brotherhood last year, several months after Mubarak's fall.

Al-Masry Al-Youm highlighted comments Obama made to a Spanish-language network saying Egypt was neither an enemy nor an ally, underlining the changing ties. "America: Egypt is no longer an ally," the newspaper wrote in a front page headline.


Bomb threats clear Texas, N. Dakota State campuses - USA TODAY

Posted: 14 Sep 2012 09:00 AM PDT

The University of Texas at Austin and North Dakota State University have ordered campus buildings evacuated because of bomb threats.

"Immediately evacuate ALL buildings and get as far away as possible," the University of Texas at Austin says on its website.

Update at 11:56 a.m. ET: "We have emptied the buildings and we have told folks to stay far away," Tara Doolittle, a UT-Austin spokeswoman, tells USA TODAY's Sharon Jayson. "No decision has been made on whether to hold afternoon classes. We're working with local and federal law enforcementto ensure that the campus is secure."

Doolittle says officials hope to have an update in the next couple of hours. "Once we know the buildings are secure and there's a secure place, we'll hold a press conference."

Update at 11:48 a.m. ET: According to the ValleyNewsLive.com, from Fargo, N.D., the university set out this alert on its website:

"This is an emergency message from North Dakota State University. NDSU is requiring all employees and students to leave campus by 10:15 a.m. This includes residence hall students, who, if necessary, should walk to locations off campus. This also includes the downtown buildings and agricultural facilities. NDSU received a bomb threat, prompting this evacuation. Updates will follow. "

Update at 11:45 a.m. ET: The University of Texas at Austin says on Twitter: "Buildings being checked/cleared. Stay away from buildings. No decision on afternoon classes/activities. Next update at 10:45am."

Update at 11:41 a.m. ET: "NDSU is requiring all employees and students to leave campus by 10:15 a.m.," the NDSU alert reads, according to the Star-Tribune reports. "This includes residence hall students, who, if necessary, should walk to locations off campus. The university is located in Fargo, N.D.

Update at 11:39 a.m. ET: Officials at UT-Austin say no bombs have been found.

Update at 11:31 a.m. ET: North Dakota State U. orders all employees, students off campus after receiving bomb threat, the Associated Press reports.

Update at 11:14 a.m. ET: KXAN-TV reports that the university's Director of Communications, Rhonda Weldon, says the university got a call around 8:35 a.m. local time from a male with a Middle Eastern accent claiming to have placed bombs all over campus.

The caller claimed to be from the al-Qaeda terrorist organization and that the bombs would go off in 90 minutes, KXAN reports.

President Williams Powers has been notified, and officials arenow evacuating all of the buildings out of an abundance of caution.

Update at 11:12 a.m. ET:A UT official tells the American-Statesman that the university had received multiple bomb threats to multiple buildings.

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Khamis, 13 September 2012

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US stocks rally on Fed bond-buying plan

Posted: 13 Sep 2012 04:41 PM PDT

WASHINGTON: US stocks soared on Thursday after the Federal Reserve announced a new QE3 bond-buying programme focused on boosting jobs and pulling the housing market back to life.

After trading flat before the Fed's announcement, the Dow Jones Industrial Average ended up 206.51 points (1.55 percent) at 13,539.86.

The S&P 500-stock index added 23.43 points (1.63 percent) to 1,459.99, while the tech-rich Nasdaq gained 41.52 points (1.33 percent) to 3,155.83.

The Federal Reserve announced a new programme of purchasing $40 billion a month in mortgage-backed bonds aiming at dragging down long-term interest rates.

It also pledged to keep its current ultra-low benchmark interest rate in place through mid-2015, and said it would continue its monetary easing efforts until it saw substantial improvement in the jobs market.

"Despite the fact that additional Fed easing was largely baked into financial asset prices recently, markets cheered the news," said Paul Edelstein, an economist at IHS Global Insight.

"US equity markets added roughly one percent following the statement. Counter-intuitively, however, bond prices fell, sending yields higher."

"It's unusual for the market to rally like that on news that's expected, but I think it was the nature of the Federal Reserve announcement, the aggressive size of the quantitative easing that was announced," said Chris Low of FTN Financial.

"Also the fact that it was open-ended, which changes the range of future possibilities, all of that together was very, very stimulative for the stock market."

Banks were big beneficiaries, with Bank of America up 4.8 percent and JPMorgan Chase 3.7 percent, Citigroup 4.2 percent and Wells Fargo 3.6 percent.

Housing shares took a big jump from the news, with builder Hovnanian up 3.3 percent, Comstock up 6.2 percent, Lennar 1.7 percent and Standard Pacific 3.7 percent.

Mining shares followed gold and other minerals higher, with Freeport McMoran jumping 4.3 percent, Newmont Mining up 5.2 percent and Barrick Gold, 4.8 percent.

Apple shares meanwhile pushed up 2.0 percent to its highest closing price ever, US$682.98, after launching the ultra-sleek iPhone 5 to positive reviews. -- AFP

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Rabu, 12 September 2012

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US stocks rise on German court's nod

Posted: 12 Sep 2012 04:39 PM PDT

NEW YORK: US stocks followed European markets higher Wednesday after a German court gave its approval to the eurozone's permanent crisis fund, opening the door to more aid to embattled Spain.

Facebook shares soared more than seven percent meanwhile after founder Mark Zuckerberg said the company was focused on making money in the mobile phone side of the market and regretted the stock's dismal post-IPO performance.

Tech heavyweight Apple lifted the Nasdaq after launching its highly anticipated next-generation smartphone, the iPhone 5.

The Dow Jones Industrial Average edged up 9.99 points (0.07 percent) to close at 13,333.35.

The S&P 500-stock index rose 3.00 (0.21 percent) to 1,436.56, while the tech-rich Nasdaq added 9.78 (0.32 percent) at 3,114.31.

"Undoubtedly, it is a good day for the eurozone and financial markets," said economist Andreas Rees at Unicredit after the German constitutional court said the new European Stability Mechanism is legal.

"Together with last week's pledge made by the ECB of buying government bonds to an unlimited extent, an impressive firewall for the eurozone is now building up," he said.

Apple bounced 1.4 percent higher, to US$669.79, on the introduction of a slimmer, more powerful version of its iconic iPhone.

Facebook shares rebounded 7.7 percent to US$20.93, still far below their US$38 May initial public offering price, after Zuckerberg made his first comments on the company's direction since the IPO, calling Facebook "a mobile company."

Analysts have expressed worry that Facebook is unable to monetize its presence on mobile phone screens with advertising.

"It is really clear from the stats and my own personal intuition that a lot of energy in the ecosystem is going to mobile, not desktop," Zuckerberg said in San Francisco.

"That is the future," he said. "We are going to be doing killer stuff there."

Boeing fell 0.4 percent after European rivals EADS and BAE Systems revealed merger talks.

Troubled Chesapeake Energy shed 1.0 percent after announcing it would sell US$6.9 billion in energy assets in Texas and New Mexico to help pay down debt.

AIG was up 1.1 percent after the US Treasury sold off US$20.7 billion in shares in the insurer. -- AFP

iPhone 5 bigger, faster but lacks 'wow'

Posted: 12 Sep 2012 04:44 PM PDT

SAN FRANCISCO : Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to safeguard its edge over rivals like Samsung Electronics Co Ltd and Google Inc.

The iPhone 5 fulfilled many of the expectations laid out by gadget geeks and technology analysts ahead of its Wednesday unveiling but offered few surprises to give Apple shares -- already near record highs -- another major kick.

"There is not a wow factor because everything you saw today is evolutionary. I do think they did enough to satisfy," said Michael Yoshikami, chief executive of wealth management company Destination Wealth Management.

Other industry analysts speculated about what else was in Apple's product pipeline ahead of the crucial year-end holiday season, especially since the company stayed mum about an oft-rumored TV device or a smaller iPad.

The consumer electronics giant that in 2010 popularized tablet computing with the iPad has given no hints on whether it plans a smaller version to match cheaper tablets from the likes of Google or Amazon.com Inc.

"We would really like to see the iPad Mini in the product offering for the all-important holiday quarter. They still have time," said Channing Smith, co-manager of the Capital Advisors Growth Fund. "As soon as we see that, we will have more conviction about the stock heading into the final quarter."

Apple shares ended the day up 1.4 percent at US$669.79.

The latest iPhone comes as Apple faces competition beyond current key competitors Samsung and Google. Late entrant Microsoft Corp is now trying to push its Windows Phone 8 operating system as an alternative to Apple and Android, the most-used smartphone operating system in the world.

Analysts have forecast sales of 10 million to 12 million of the new iPhones in this month alone.

Apple Chief Executive Tim Cook kicked off the event in San Francisco's Yerba Buena Centre but it was marketing chief Phil Schiller who introduced the iPhone 5 and took the audience through the new phone's features.

The iPhone 5 sports a 4-inch "retina" display, can surf a high-speed 4G LTE wireless network, and is 20 percent lighter than the previous iPhone 4S.

CEDING A LEAD

It ships September 21 in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and Britain. It will hit 100 countries by year's end in the fastest international rollout for an iPhone so far.

The stakes are high with the iPhone, Apple's marque product, accounting for nearly half its revenue. The California company has sold more than 243 million iPhones since 2007, when the device ushered in the current applications ecosystem model.

But Samsung now leads the smartphone market with a 32.6 percent share followed by Apple with 17 percent, according to market research firm IDC. Both saw shipments rise compared to a year ago, with Samsung riding its flagship Galaxy S III phone.

Available for pre-order on Friday starting from US$199 with a data plan, the iPhone 5 comes with Apple's newest "A6" processor, which executives said runs twice as fast as the previous generation. It will pack three microphones -- enhancing built-in voice assistant Siri -- and an 8 megapixel camera that can take panoramic views.

It will hitch a ride on the three largest U.S. carriers: Verizon Wireless, AT&T Inc, and Sprint.

One popular enhancement was improved battery endurance -- the iPhone 5 can support eight hours of 4G Web browsing, the company said.

While Apple played catch-up on many of the new phone's features -- Samsung and Google's Motorola already have larger and 4G-ready phones -- analysts say the device's attraction is the way its software and hardware work in tandem.

"Where they are pushing the envelope, and where they remain the one to beat, is on the experience those features bring to the consumer," said Carolina Milanesi, Gartner Research analyst. "While other vendors continue to focus just on the hardware -- delivering the speeds and feeds and bigger batteries -- Apple focuses on pulling the operating system, the hardware and what you can consume on the hardware." -- Reuters

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Selasa, 11 September 2012

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US stocks mostly higher on upbeat data

Posted: 11 Sep 2012 04:31 PM PDT

NEW YORK: US stocks mostly rose Tuesday, lifted by upbeat economic data and hopes that a Federal Reserve meeting will deliver economic stimulus and a key German court decision will ease eurozone turmoil.

The Dow Jones Industrial Average finished at 13,323.36, up 69.07 points (0.52 percent).

The S&P 500-stock index rose 4.48 (0.31 percent) to 1,433.56, while the tech-rich Nasdaq lagged the broader market, adding a scant 0.51 point (0.02 percent) at 3,104.53.

"Traders got some good news from the domestic economic front, as the trade deficit came in smaller than expected, while small business optimism improved in August," Charles Schwab & Co. analysts said.

"However, sentiment was held in check by the anticipation of tomorrow's key German ruling on the eurozone permanent bailout fund and Thursday's monetary policy decision."

The Fed's Federal Open Market Committee opens a two-day policy meeting on Wednesday amid expectations it will take some fresh action to help the economy.

Citigroup and Morgan Stanley unveiled an agreement for Morgan Stanley to buy Citi's 14 percent stake in their brokerage joint venture, Morgan Stanley Smith Barney Holdings, which was valued at $13.5 billion.

Citigroup said in a regulatory filing it would take a third-quarter after-tax charge of US$2.9 billion on the deal; Citi shares jumped 2.6 percent. Morgan Stanley added 3.9 percent.

On the 30-stock Dow, Bank of America led the gainers, up a hefty 5.2 percent. Insurance giant Travelers Companies surged 2.5 percent.

Kraft Foods was the biggest blue-chip decliner, down 1.1 percent.

Apple, whose 2.6 percent tumble weighed heavily on the markets Monday, slipped 0.3 percent ahead of its expected announcement Wednesday of the next generation of its popular iPhone.

McDonald's shed 0.1 percent, reversing earlier gains, after reporting a 3.7 percent rise in global August same-store sales. -- AFP

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CPS strike updates: 'What am I supposed to do with my kid?' - Chicago Tribune

Posted: 10 Sep 2012 08:57 AM PDT

Continual coverage of the Chicago teachers strike.

10:40 a.m. Contract talks resume

Negotiators for the Chicago Public Schools and the Chicago Teachers Union are back at the bargaining table this morning.

The talks began around 10 a.m.


10:30 a.m. Some students balk at crossing pickets

Vicente Perez, the parent of 4th and 6th grade boys, had planned to drop them off at one of the contingency locations CPS is keeping open half days during the strike.

But they stopped short when they arrived at William Ray Elementary this morning and saw they'd have to walk through a line of picketing teachers. His children were afraid.

"I don't want to go there," his youngest son, Kahlil, 9, said.

Perez called his wife on his cell phone and decided to either take the kids to a church or just keep them home. Perez's wife works, but he said he's fortunate enough to be able to stay with his sons for as long as there's a strike.

Ray Elementary is one of the schools included in Chicago Public Schools' contingency plan that will remain open from 8:30 a.m. to 12:30 p.m. each day of the strike. School administrators were concerned that picketers were turning parents away.

Tom Alexander, assistant press secretary for the Office of the Mayor, said taking advantage of the half-day program -- which includes activities like puzzles, movies, reading and writing -- is the smartest option for parents.

On the picket line, drums and tambourines joined a bagpipe player as teachers picketed and chanted: "Everywhere we go, people want to know, who we are, so we tell them: 'We are the teachers. We are the parents. We are the students. We are the union, the mighty, mighty union.' "

Some parents and children joined teachers holding up signs.

Cherry Turner, a parent of two Ray Elementary students, handed out information about alternative places where children could go for the day. "It's only half a solution," Turner said of the contingency plan's half day.

Ellen Jean Hirst


9:30 a.m. 'What am I supposed to do with my kid?'

Parents started arriving at Disney Magnet School shortly after 8 a.m. Many were from nearby Nettelhorst Elementary. They walked their children past protesting teachers as security guards directed them to an area in back of the school across a parking lot.

Some parents said they found the situation awkward.

"It's really awkward. We support the teachers but, on the other hand, what am I supposed to do with my kid? I have to go to work," said Antonia Hernandez, holding the hands of her 5- and 7-year old children, both students at Nettelhorst.

Romney in Ohio as poll shows possible Obama bounce - CNN

Posted: 10 Sep 2012 08:55 AM PDT

STORY HIGHLIGHTS
  • Mitt Romney campaigns in Ohio on Monday
  • A new poll shows President Obama maintaining his lead
  • The Obama campaign out-raised Romney in August
  • The candidates spar over Medicare and taxes

(CNN) -- Republican challenger Mitt Romney heads to Ohio on a post-convention Monday facing news that he failed to gain ground on President Barack Obama in the latest poll and also got out-raised last month.

A new CNN/ORC International poll coming out later Monday will provide further insight into whether Obama received any "bounce" from last week's Democratic National Convention as the campaign comes into full force less than two months before the November election.

The Gallup daily tracking poll released Sunday showed Obama opening up his largest margin over Romney since early July -- 49% to 44%.

With a sampling error of plus-or-minus 4%, the poll amounts to a statistical tie. It was conducted September 2-8, a time window that included the entirety of the Democratic convention in Charlotte, North Carolina, as well as a disappointing August jobs report that came out Friday.

A week earlier, the same poll showed Obama with a 47%-46% after the Republican convention in Tampa, Florida, so the president had maintained or strengthened his advantage, according to the Gallup survey.

Meanwhile, Obama's re-election campaign and supporting committees brought in more than $114 million last month -- the first time he exceeded Romney's monthly haul since April.

Romney's campaign brought in $111 million last month. Despite the Obama campaign's haul, Romney is considered to still have the overall advantage due to his superior fundraising the three previous months and private contributions to super-PACs supporting his candidacy.

A memorandum by Romney campaign pollster Neil Newhouse made public on Monday advised against anyone getting "too worked up about latest polling."

"While some voters will feel a bit of a sugar-high from the conventions, the basic structure of the race has not changed significantly," Newhouse wrote, adding that the nation's sluggish economic recovery remains the major issue and will "reassert itself as the ultimate downfall of the Obama presidency."

The Obama campaign refused to celebrate, warning in a Twitter post that Romney will have "an even bigger September.

"But now we know we can match them, doing this our way," the Obama campaign's tweet said.

The president got another boost on Sunday - actually a bear hug from an enthusiastic restaurant owner that lifted him about a foot off the ground.

Scott Van Duzer, owner of the Big Apple Pizza and Pasta Restaurant in Fort Pierce, Florida, decided to display his affection when Obama visited for lunch and to praise him for leading community efforts to encourage blood donations.

Van Duzer described himself as a registered Republican who voted for Obama in 2008 and plans to do so again in November.

On his trip to the senior-heavy coastal city of Melbourne, Obama noted a new Harvard analysis by one of his former advisers that found Medicare beneficiaries would pay more for the government health service under proposals by Romney and running Rep. Paul Ryan than under the president's plan.

The conclusions by David Cutler, who also was a policy expert in the Clinton administration, showed health care costs for current and future seniors would dramatically increase if Ryan's most recent House budget plan became law.

With Florida considered a vital battleground state in November, both campaigns are battling to control the message on the popular Medicare entitlement program.

Romney and Ryan say Obama has failed to offer a serious plan to address the structural issues that threaten Medicare insolvency as the U.S. population ages and health care costs continue to rise.

Obama says Medicare reforms in the broader 2010 health care overhaul law extend the program's solvency, and he is willing to include further changes as part of a comprehensive deficit reduction agreement.

Romney, who has made repealing the broader health care act a central campaign promise, made clear Sunday he would keep the more popular measures in the law, including allowing those under 26 years of age to remain on their parents' health care plans and guaranteeing coverage for people with pre-existing conditions.

He has previously said he wanted to get rid of the Obamacare law despised by Republicans and replace it with something better, and is comments on NBC's "Meet the Press" showed his desire to stake out more flexible turf on the issue.

"There are a number of things that I like in health care reform that I'm going to put in place," Romney said.

Romney and Ryan, the conservative House Budget Committee chairman from Wisconsin, argue their plan would save Medicare in the long run by adding private sector competition. Democrats oppose any effort to change the basic concept of Medicare as a government-provided benefit, but have signaled willingness to raise the age of eligibility in the future and consider other reforms.

Ryan, meanwhile, attempted to clarify the GOP ticket's deficit reduction plan on Sunday, saying he and Romney wanted to increase tax revenue by ending loopholes and deductions for the wealthy without raising rates.

However, he refused to elaborate when pressed on which loopholes would get closed, saying those decisions should be made in a public debate.

"It's not what loopholes are out there, but who gets them," Ryan said on the CBS program "Face the Nation." "And we're saying by not having higher-income earners utilize these tax shelters, we can lower tax rates on everybody, because they pay more of their income to taxation."

Romney's tax plan calls for 20% cuts to current income tax rates, which were lowered during the Bush administration that preceded Obama's presidency.

"We can lower tax rates by plugging loopholes and still maintain special preferences for middle-class taxpayers, not for higher-income taxpayers though," Ryan said.

Obama wants to extend the Bush-era tax cuts for all income below $250,000 for families and $200,000 for individuals as part of a deficit reduction package that he says would mean wealthier Americans return to higher tax rates of the 1990s.

Ryan insisted Sunday that Obama's proposal would inhibit job creation and growth by raising the tax rate on small business owners who file their income taxes as individuals, rather than corporations.

On NBC, Romney denied that his plan would result in wealthy Americans like himself paying any lower a share of the overall tax burden.

"I do want to bring taxes down for middle income people," he said. "In particular I want middle income Americans not to have to pay taxes on interest and dividends and capital gains."

For his part, Obama continued to accuse Romney and Ryan of "bad math" rather than "bold leadership," alleging their plans would increase the deficit if they don't include more tax revenue from allowing the Bush tax cuts to expire for the wealthy.

"We've got to make government leaner and more efficient, but we've also got to ask people like me or Governor Romney - who have done better than anybody else over the course of the last decade and whose taxes are just about lower than they've been in the last 50 years - to do a little bit more," he said in an interview broadcast Sunday on CBS.

Congress faces an end-of-year deadline to reach a deficit-reduction plan to avoid the so-called fiscal cliff -- a combination of tax increases from the expired Bush tax cuts for everyone and mandated steep spending cuts under a congressional agreement last year to raise the debt ceiling.

The looming changes would reduce the federal debt but could spark a recession with higher unemployment and shrinking GDP, according to a report by the non-partisan Congressional Budget Office released last month.

Romney said Sunday that congressional Republicans, including Ryan, were wrong to accept the debt ceiling deal that could ultimately result in the broad spending cuts, including to the military.

"I thought it was a mistake on the part of the White House to propose it," Romney said on NBC. "I think it was a mistake for Republicans to go along with it."

Part of the deal included the formation of a so-called congressional super committee to work out a deficit-reduction plan. The future automatic spending cuts -- known as sequestration -- were intended to motivate the panel's bipartisan membership to find a compromise.

The committee failed to agree, setting up the election debate on deficit and tax policy with little chance of progress toward avoiding sequestration until after the election, at the earliest.

Romney reiterated his party's opposition to any tax increases as part of a deficit deal.

CNN's Tom Cohen, Ashley Killough, Jessica Yellin, Gabriella Schwarz and Arielle Hawkins contributed to this report.

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