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DAVOS, Switzerland (Reuters) - The rich and powerful were divided at their annual huddle on Wednesday over Barack Obama's threat to raise their taxes, with some saying it could hurt growth, but others arguing he was right to address capitalism's imbalances. Obama's State of the Union address focused on channeling middle class anger at inequality, including a call for a 30 percent minimum tax on millionaires that could make the wealth of Republican rival Mitt Romney a central election issue. It was delivered on the eve of World Economic Forum in the Swiss ski resort of Davos, which found many...

Republican members of Congress are weighing in on President Bush’s immigration speech. So far it appears he’s getting mixed reviews. Posted here (in alphabetical order) are statements that I’ve been sent. Rep. Gresham Barrett (R.-S.C.) “Troops on the border will immediately help stop the flow of illegal immigrants and most importantly, increase our national security. However, this is not a long-term solution. We should not rule out other solutions like those passed by the House in December, including the construction of a fence. “The American people deserve to know their government is doing everything possible to secure the borders. All...