Page 23 - Lit Impact News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Any part in cables made public. those are the top stories now. >> shannon: crisis in egypt could be felt by many of us at the gas bump and grocery store and many places beyond. joining us is the president of the pen financial group. great to see you today. let's talk about the underlying issue of oil. how precarious is it when we talk about suez canal involved? how is it impact in impacting p? >> we have liquefied natural gas. it has to get through to make a way to north america. if it's shut down through the crisis going on in egypt, you sudply have to take 14 to 17 days to same it back aroun...

As of january 1st, 2011, 157 days from now what happens and who does it impact? >> it impacts everybody. even if the democrats have their way and the administration has its way and they've kind of choose winners and losers in this thing and only tax a small percentage of people. major income tax hike. talking about the top rate going to 39.6%, by 2013 with additional taxes and obama care and phasing out of deductions the top income it that rate. all the rates go up. capital gains rates are going up by a third. dividend rates for people who have a little stock we tack those folks investing in t...

Days from now what happens and who does it impact? >> it impacts everybody. even if the democrats have their way and the administration has its way and they've kind of choose winners and losers in this thing and only tax a small percentage of people. major income tax hike. talking about the top rate going to 39.6%, by 2013 with additional taxes and obama care and phasing out of deductions the top income it that rate. all the rates go up. capital gains rates are going up by a third. dividend rates for people who have a little stock we tack those folks investing in the stock market. we want inve...

Into cape cod's buzzard's bay. >> what happened is the animals were impacted. i say they weren't killed immediately. it took time for the animals to die. probably two or three days. >> reporter: george hanson remembers the disaster clearly and has studied it impact for decades. >> reporter: what was it like in the weeks following the spill? >> after, most everything in this area was killed. we say 90% mortality. it wasn't 100% because some of the animals will survive. >> reporter: the spill killed scores of fish and lobster. damaging clam beds. they spent weeks raking file from area beaches. s...

Bonds downgraded to junk status. stocks plunged with the dow losing 213 points yesterday attachment a look, dow up now, s&p slightly p, nasdaq down a smidge. simon, the obvious question for those in the states, how does it impact or does it impact our economy now? >> tamron, there's as men people in greece as the metropolitan area. new york banks not directly exposed to what's happened there, we believe. it's not that important. it could impact and yesterday between 11:00 and 1:00 on heavy volume did impact people's appetite for risk assets. if the appetite goes down, then the u.s. stock marke...