News roundup


--> US news: President Obama proposes $1.5 trillion in new taxes. Responding to a common complaint from Republicans, he said, "This is not class warfare, it's math."

Visit msnbc.com for breaking news, world news, and news about the economy



--> US news: The death toll from a crash at an air race at Reno, Nevada, has risen to 10, one of the hospitals treating patients from Friday's accident said today. Close to 70 people were injured in the incident.

Reports coming in now indicate that the World War II-era plane that plummeted into the crowd underwent years of massive overhauls making it ideal for speed, not for stability.

National Transportation Safety Board member Mark Rosekind said investigators are looking at whether the plane's apparently damaged elevator trim tab - whose breaking apart was captured in a photograph - played a role in the nosedive crash. Authorities do not know why the aircraft went down.

A full investigation could take six to nine months, Rosekind said. (Via CNN)

--> Environmental news: The death toll from a magnitude 6.9 earthquake and its aftershocks along the border of India and Nepal climbed to 38 today, officials said.

Thirty-one deaths were reported in India with seven others in Nepal, according to each nation's Home Ministry. More than 90 were injured in India.

The quake struck the northern Indian state of Sikkim, where 24 people died, but also caused damage in West Bengal, Bihar, Assam, Arunachal Pradesh and Meghalaya. Five deaths were reported in West Bengal and two others in Bihar..

The deaths, damage and recovery efforts came after a total of three quakes struck the region in rapid succession in a mountainous region. More at CNN.

--> Environmental news: Closer to home, a giant, semi-submersible oil rig en route from Singapore will probably be drilling in the Florida Straits between Key West and Cuba in mid-December. The rig could arrive earlier, but Repsol, the Spanish oil company, wants to wait until after hurricane season ends before it begins drilling.

This latest report on the progress of the Italian-made Scarabeo 9 oil rig comes from Lee Hunt, the chief executive of the International Association of Drilling Contractors, who just returned from a trip to Cuba last week as part of a joint delegation with the environmental group, the Environmental Defense Fund.

Their goal was to learn how committed the Cuban government is to operating offshore oil and natural-gas rigs safely and responsibly, and to find out the best way for American companies with oil-spill expertise to work with Cuba, despite a 50-year-old economic embargo by the United States. More at the Miami Herald.

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