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Huffington Post…

WASHINGTON — Senate Minority Leader Mitch McConnell (R-Ky.) urged Majority Leader Harry Reid (R-Nev.) late Thursday to nix an upcoming vote on Protect IP, a major anti-piracy bill that Internet experts warn poses grave dangers to the Web’s functionality. Reid, who formally supports the bill, said on Sunday that he would proceed with a vote on a revised version, despite a public statement of opposition from the White House a day earlier. “While we must combat the online theft of intellectual property, current proposals in Congress raise serious legal, policy and operational concerns,” McConnell said in a statement. “Rather than prematurely bringing the Protect IP Act to the Senate floor, we should first study and resolve the serious issues with this legislation. Considering this bill without first doing so could be counterproductive to achieving the shared goal of enacting appropriate and additional tools to combat the theft of intellectual property. I encourage the Senate majority to reconsider its decision to proceed to this bill.” The bill lost several prominent supporters, including many original co-sponsors, on Wednesday, amid high-profile online protests in which major websites Wikipedia, reddit and others blocked access to their content. Nevertheless, opponents had continued to worry they did not have the votes to prevent the bill from coming up for a vote. McConnell spokesman Don Stewart stopped short of issuing a filibuster threat, when asked if McConnell’s opposition indicated that Republicans would prevent the bill from coming up for a vote on the Senate floor. “It’s an encouragement to withdraw the bill while they study and resolve the serious issues in the bill,” Stewart said. “There seems to be bipartisan support for that point of view.” A request for comment from Democratic leadership was not immediately returned. Protect IP and its House companion, SOPA, would grant the government and corporations broad powers to shut down Web sites they believe are engaged in copyright infringement — without a trial or a traditional court hearing. Internet experts warn that the tactics deployed in these Web site take-downs would endanger cybersecurity and the technical functioning of the Web. Supporters of the legislation, which include Hollywood movie studios and major record labels, have insisted the measures are necessary to combat online piracy.

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Senate’s McConnell Calls For PIPA Bill To Be ‘Shelved’

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Coke Cans Confusing Can

by on December 1, 2011

Huffington Post…

Coca-Cola announced that it’s canning this year’s design for white holiday season Coke cans before the holiday season even began, reports the Wall Street Journal . The cans feature silver polar bears on a white background , and were designed, in part, to support the WWF’s efforts to conserve habitat for polar bears . But many customers found the cans hard to distinguish from Diet Coke cans , which are silver and red, causing confusion in grocery stores and restaurants alike. So Coke has decided to sub the white background for a more traditional red — though the company is keeping the polar bears. The Huffington Post has its own anecdotal evidence to suggest the prudence of Coke’s decision to abandon the new design. Not one, but two, senior editors in our New York newsroom admitted to confusing the white regular Coke cans for Diet Coke.

Continued here:
Coke Cans Confusing Can

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US- congressional budget report shows fiscal improvement

August 27, 2011

(MENAFN – Saudi Press Agency) The deal struck earlier this month to cut deficits and avert a U.S. debt default has helped brighten the countrys fiscal outlook, the White House said on …

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White House announces plan to save small businesses

August 25, 2011

(MENAFN – Saudi Press Agency) The White House on Tuesday announced a plan to save job-creating small businesses $10 billion dollars over five years through streamlined regulations and reductions in …

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Obama Announces Plans To Cut Government Waste

June 13, 2011

WASHINGTON — President Barack Obama is announcing new steps on Monday to reduce government waste, arguing that inefficiency, fraud and abuse are especially troubling during tough economic times. Obama was to sign an executive order creating the Campaign to Cut Government Waste. According to a draft of the order obtained by The Associated Press, Obama will call for a new oversight board to work with federal agencies to cut back on waste and improve their performance. The order also requires cabinet secretaries to hold regular meetings with Vice President Joe Biden to report progress. Monday’s announcement comes as the White House grapples for ways to both boost sluggish economic growth and quell public anger over the mounting deficit. “As we work to tackle the budget deficit, we need to step up our game,” Obama says in a video message released on Monday. “No amount of waste is acceptable — not when it’s your money; not at a time when so many families are already cutting back.” Biden and other administration officials were to discuss plans to cut back on waste In prepared remarks for Monday’s event, budget director Jacob Lew said wasting taxpayer dollars through inefficiency “is particularly offensive at a time of such fiscal challenges.” One of the campaign’s first steps will be targeting waste and duplication among federal websites. The administration will halt the creation of new websites, as well as shut down or consolidate one-fourth of the 2,000 government websites in the next few months.

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Asian Activities Report for May 30, 2011: White Energy (ASX:WEC) To Finalise Modification Works On World Largest Coal Briquetting Plant

May 30, 2011

Asian Activities Report for May 30, 2011: White Energy (ASX:WEC) To Finalise Modification Works On World Largest Coal Briquetting Plant

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Venrock Extends Leading Healthcare IT Franchise, Adds Robert Kocher

May 27, 2011

Former White House Advisor Will Focus on Healthcare Innovation

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Report Warns Against Slashing Intelligence Budget

May 24, 2011

WASHINGTON — With America’s top terror target eliminated, the nation’s intelligence agencies fear they will look like a fat target for budget cuts. Their chief argument: Gutting intelligence budgets led to the shortfalls that allowed Osama bin Laden to carry out attacks in the first place. Lawmakers say they are well aware that the terror war is not over but warn that cuts are coming. Congress approved an intelligence budget of $80.1 billion in 2010, but lawmakers are keeping that roughly the same, slightly north of $80 billion for the next two years – and south of the White House’s request, according to two U.S. officials who spoke on condition of anonymity to discuss classified budget figures. Those who lived through the purge of what is known as human intelligence – on-the-ground spies, informants and go-betweens – after the fall of the Soviet Union fear a rerun of the 1990s. Then, the spy world saw across-the-board cuts, agency by agency, on the theory that their main reason for being had ceased to be. “There was very little effort to look across the community and say if one organization is cutting analysts deeply in one area, let’s make sure another organization isn’t doing the same,” said former Pentagon intelligence official Joan Dempsey. The last time the budget masters took a buzz saw through the intelligence agencies, the White House was blindsided by al-Qaida’s strike on U.S. embassies in Kenya and Tanzania in 1998, Dempsey said. She’s among a wide spectrum of intelligence professionals warning against a repeat of such cuts, in a report released Tuesday by the Intelligence and National Security Alliance. “After the victory against the Soviet Union, we cut deeply across our capabilities in Africa, because people said we were in Africa because of the Soviet Union,” Dempsey said. That left the intelligence community practically blind during “an entire decade of unrest, and turmoil, in which U.S. troops had to intervene” in fragile states like Somalia, and al-Qaida built in strength, she said. The former chairman of the House intelligence committee, Rep. Peter Hoekstra, R-Mich., agrees. He remembers meeting resource-starved CIA officers in his first trips in 2001. “They told me they had no capability,” Hoekstra said, in a continent where the human intelligence needed to penetrate tribal and gang-supported unrest far outweighed the usefulness of the satellite and signals intelligence that was so popular at the time. “We let human intelligence die on the vine.” After al-Qaida attacked the U.S. on Sept. 11, 2001, “we tried to hire quickly to make up for the damage,” he said, “and sent a lot of people on dangerous assignments with not enough mentoring.” But Hoekstra also warned against cuts to satellite and signals intelligence investment, citing the lead time needed to develop and launch satellites to replace an aging fleet. New satellite systems are attractive to cut in the short term, because a single system often runs into the billions. But when the older satellites start failing, leaving gaps, the rush to replace them quickly can cost even more, he said. “I had about $2 for every dollar (former CIA Director George) Tenet had when al-Qaida struck on Sept. 11,” said retired Gen. Michael Hayden, who led the CIA from 2006 to 2009. Hayden oversaw one of the largest periods of expansion the intelligence agencies have ever seen. “So the record shows it paid off, but everyone recognizes it would be hard to sustain,” Hayden said. James Clapper, director of national intelligence, told Congress in February that he’d be making cuts across the community, signaling that the post-Sept. 11 rate of growth had come to an end. Several DNI officials were part of a task force that helped write the industry report released Tuesday. Clapper was careful not to identify what areas he has been thinking of cutting, Dempsey said, for fear the power of his suggestion might drive congressional committees to beat him to it. The intelligence budget has risen steadily since the Sept. 11 attacks, according to two U.S. officials, who spoke on condition of anonymity because the precise figures are classified. Clapper published the 2010 figure, at $80.1 billion, up from $75 billion the year before. The current version of the 2011 intelligence authorization act does cut some of the personnel requests made by the CIA, but adds millions of dollars and thousands of civilian positions, including “critical counter-terrorism positions at the CIA and a significant increase to the National Counterterrorism Center,” said a House intelligence committee member, Rep. Jim Langevin, D-R.I. Key programs like the CIA unit that hunted down bin Laden have been funded, but the lawmakers have started weeding out what they’ve decided are unnecessary duplications, said Rep. Dutch Ruppersberger, D-Md., the intelligence committee’s minority chairman: “There is duplication of programs. There are some programs we can’t afford, or that might have to be delayed for a few years.” Hayden said the cuts to the military make it all the more important to guard against cuts to intelligence, after Defense Secretary Robert Gates warned that a budget-reduced U.S. military may no longer be able to fight a two-front war. “If forces are going to be drawn down, then how you use those forces will be much more limited,” Hayden said. “So strategic intelligence is all the more important.”

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10 Ways The Debt Ceiling Affects You

May 24, 2011

Does all this talk of debt ceilings make your eyes glaze over? You know it has something to do with bonds and defaulting, but that’s about it. You want to know what it all means and, perhaps more importantly, how this affects you. The debt limit is the total amount of money the U.S. government is allowed to borrow to pay all of its existing bills, from paychecks for federal employees to interest payments on the national debt. On Monday, May 16, the U.S. hit the debt ceiling — in other words, it borrowed all the money it is currently allowed to borrow. Treasury Secretary Timothy Geithner told Congress the government can continue to pay its debts until about August 2 by using “extraordinary measures,” such as tapping into the pension funds of federal employees . In the past, when the U.S. reached the debt ceiling, Congress voted to raise, extend or redefine the debt limit . Now the White House wants the debt limit raised again. Congressional Republicans mostly agree that the debt ceiling needs to be raised but have said they will not vote to do so unless it is accompanied by major spending cuts and long-term debt reduction. So, for the sake of argument, let’s say the debt ceiling isn’t raised. The U.S. will then have to decide which expenses and debts to pay and which can wait. If the U.S. starts defaulting on (i.e. not paying) its debt, that’s not just a problem for the entities that won’t get paid — it will affect the global marketplace and all of us who use it . So far, the market doesn’t believe the U.S. will actually fail to raise the debt limit. The evidence for this disbelief is everywhere: Interest rates are still low, there’s high demand for U.S. debt, the stock market is stable, banks are lending to companies and to each other. But what if the market’s wrong? Here’s a breakdown of what could happen if the debt ceiling isn’t raised by August 2 — and how it could affect you.

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George W. Bush Reaps Major Money Post-Presidency

May 20, 2011

Former president George W. Bush is earning major money on the speaking circuit in his post-presidential life. According to iWatch News, Bush has made an estimated $15 million since leaving the White House. The former president reportedly boasts a speaking fee between $100,000 and $150,000. Bush has largely shied away from the public spotlight since leaving office. One month prior to the release of his memoir Decision Points last fall, President Barack Obama’s predecessor said , “I have zero desire, just so you know, to be in the limelight.” He added, “I’m going to emerge then submerge.” Earlier this month, Bush declined an invitation from Obama to join him at a ceremony being held at Ground Zero in the wake of Osama Bin Laden’s death . His spokesman, David Sherzer, said the former president appreciated the offer, but wanted to remain outside the public eye in his post-White House life. Sherzer told iWatch News that Bush has given nearly 140 paid speeches since the end of his term as president. According to the outlet, nearly all of Bush’s speaking engagements are closed to the press. Click here to read more about the speeches delivered by Bush since leaving office and the millions the former president has taken in with the talks.

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Robert Scheer: One Lawman With the Guts to Go After Wall Street

May 18, 2011

The fix was in to let the Wall Street scoundrels off the hook for the enormous damage they caused in creating the Great Recession. All of the leading politicians and officials, federal and state, Republican and Democrat, were on board to complete the job of saving the banks while ignoring their victims… until last week when the attorney general of New York refused to go along. Eric Schneiderman will probably fail, as did his predecessors in that job; the honest sheriff doesn’t last long in a town that houses the Wall Street casino. But decent folks should be cheering him on. Despite a mountain of evidence of robo-signed mortgage contracts, deceitful mortgage-based securities and fraudulent foreclosures, the banks were going to be able to cut their potential losses to what was, for them, a minuscule amount. In a deal that had the blessing of the White House and many federal regulators and state attorneys general — a settlement probably for not much more than the $5 billion pittance the top financial institutions found acceptable — the banks would be freed of any further claims by federal and state officials over their shady mortgage packaging and servicing practices and deceptive foreclosure proceedings. At the same time, the SEC and other federal regulatory bodies are making sweetheart deals with the bankers to close off accountability for creating and collecting on more than a trillion dollars’ worth of toxic mortgage-based securities at the heart of the nation’s economic meltdown–a meltdown that has seen the national debt grow by more than 50 percent, stuck us with an unyielding 9 percent unemployment and left 50 million Americans losing their homes to foreclosure or clinging desperately to underwater mortgages. On top of which an all-time high of 44 million people are living below the official poverty line and fewer new homes were started in April than at any other time in the past half century. With housing values still in free fall, we continue to make the bankers whole. As Gretchen Morgenson reported in the New York Times , the Justice Department division responsible for checking for fraud in the bankruptcy system has found a widespread pattern of deception by banks foreclosing homes, and she concluded: “So an authoritative source with access to a lot of data has identified industry practices as not only pernicious but also pervasive. Which makes it all the more mystifying that regulators seem eager to strike a cheap and easy settlement with the banks.” Not really surprising given both the enormous hold of Wall Street money over the two major political parties and the revolving door through which executives travel between firms like Goldman Sachs and the top positions in the U.S. Treasury Department and elsewhere in the government. The financial crisis occurred only because Republicans and Democrats passed the laws that Wall Street lobbyists wrote ending reasonable banking industry regulation installed in the 1930s in response to the Depression. And when the greed they enabled threatened the foundations of our economy, under Bill Clinton, George W. Bush and Barack Obama, it was the bankers who were assisted into lifeboats that had no room for ordinary people. Not surprising then to find all of the power players in on the latest deals: the Obama administration that had bailed out the banks but not troubled homeowners; the regulators and Fed officials who all looked the other way when the housing bubble was inflated; and the state attorneys general who backed away from going after the perpetrators of robo-signed mortgages and other scams used to foreclose homes. But now Schneiderman has a chance to derail the deals, given that he is supported by the state’s tough 1921 Martin Act, which one of his predecessors as New York state attorney general, Eliot Spitzer, had used to good advantage in exposing the financial behemoths that are so heavily based in New York. The Wall Street Journal describes the Martin Act as “one of the most potent prosecutorial tools against financial fraud” because, as opposed to federal law, it doesn’t carry the more difficult standard of proving intent to defraud. Last week, it was revealed that Schneiderman’s office has demanded an accounting from Bank of America, Morgan Stanley and Goldman Sachs as to the details of their past practice of securitizing those mortgage-based packages that proved so toxic. Maybe he will fail against such powerful forces, as did Spitzer and Andrew Cuomo after him, but it is a test worth watching, since no one else, from the White House on down, seems to be concerned with holding the bailed-out banks accountable for the massive pain and suffering they inflicted on the public.

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Sandip Roy: The Unbearable Brown-ness of Raj Rajaratnam

May 13, 2011

Move over spelling bee champions, Raj Rajaratnam is here. Desis in North America are finally making news for something other than Pulitzers, spelling bees or plum positions in the White House. Hedge fund billionaire Raj Rajaratnam’s trial , the biggest insider trading trial in years, ended with a guilty verdict for the Galleon funds founder on 14 counts of securities fraud and conspiracy. It’s shaken up Wall Street not just because of the scale of trial but also because of its color. Gary Weiss in The Daily Beast has cottoned on to the fact that the trial is not just shining a light on the murky dealings in the world of high finance. It’s also a symbol of a changing Wall Street. “Wall Street is no longer a white man’s preserve,” he writes. So far so good. But then the article goes on to talk about the “insularity” of Indians, Pakistanis, Bengalis and Sri Lankans. Rajaratnam’s college buddy Anil Kumar, a former McKinsey executive pleaded guilty to getting $2 million from Rajaratnam for inside information. Rajiv Goel, Rengan Rajaratnam, Rajat Gupta are all desis involved in the scandal. (Even the prosecutor Preet Bharara is Indian-born!) Weiss says outsiders can’t help but note this “ethnic clubbiness” although he writes for South Asians “it’s merely an extension of a style of business — working a network of friends and acquaintances — that’s played out for centuries on the subcontinent, only applied, in this case, for allegedly criminal ends.” Hmmm. That sounds like exactly the way everyone does business. Presidents of the United States go back to their college buddies and early work days when they appoint staff members. When WASPs do it it’s just called networking, not a strange exotic ethnic-specific hawala style of business. In a recent New York Times piece about Rajaratnam’s friends it sounds like the newspaper just stumbled on some exotic hitherto unknown Amazon tribe: “Many of Mr. Rajaratnam’s tipsters came from the South Asian immigrant community, a relatively small group of Indians, Pakistanis and Sri Lankans who over the past several decades have made their mark in finance and technology.” Contrast that to Columbia University professor Arvind Panagariya’s comments of firstpost.com : “Call it the law of large numbers or probability. When there are so many South Asians on Wall Street some will inevitably get enmeshed in these incidents. There is embarrassment involved but why should every South Asian feel defensive?” Weiss admits that Wall Street for its first 200 years remained a WASP preserve. The old boys club shut everyone else out but no one talks about its “ethnic clubbiness.” White is always regarded as the absence of ethnicity. In fact while Rajaratnam was tried for his alleged financial shenanigans by the courts, he should be congratulated on one count. Desis can be insular but not in the way Weiss imagines. In the U.S., the proliferation of Telegu Associations and Bengali Associations suggests that Indians abroad cling to caste and clan with even greater fervor than they did in India. The grand gathering of Bengalis every year in the Banga Sammelan is all about the glory of the Bengali language. But even amidst the dulcet tones of Rabindrasangeet the Bangladeshis complain they are being sidelined by the West Bengalis and the West Bengalis complain about how demanding the Bangladeshis are. That Sri Lankan-born Rajaratnam spread his largesse among all his South Asian brothers is in itself noteworthy. He didn’t just benefit the Sri Lankan Tamils. Perhaps the organizers of South Asian Association for Regional Cooperation should give him an award. An earlier version of this blog first appeared on firstpost.com

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Republicans Ratchet Up Attacks On Labor Board, White House Over Boeing

May 10, 2011

WASHINGTON — Gov. Nikki Haley (R-S.C.) joined a coalition of business interests and Republican lawmakers Tuesday in bashing the National Labor Relations Board for filing a controversial complaint against the Boeing Company last month. At a press conference in the U.S. Chamber of Commerce offices, Haley called the complaint “an unbelievable attack on not just right-to-work states but every state that’s attempting to put their people to work.” In the complaint that attracted Republicans’ ire, the labor board’s acting general counsel said Boeing broke the law in 2009, when it made plans to create a new production line for its 787 Dreamliner. The aerospace company chose to locate its line in South Carolina, rather than in Washington state, where it had an existing workforce of unionized employees. The NLBR’s acting general counsel said Boeing’s move was retaliation against its Washington employees with the International Association of Machinists and Aerospace Workers, who had gone on strike in the past. Unions have hailed the filing as a victory for workers, while business groups have called it a case of federal meddling in corporate decision-making. The complaint has thrown the future of the South Carolina factory into limbo. Although the NLRB has downplayed the significance of the complaint, Republican senators have nonetheless decried it as an attack on free enterprise and right-to-work states like South Carolina. Right-to-work laws prohibit agreements between unions and companies that make union membership a requirement of employment. Generally favored by Republicans and corporate interests, such laws are currently on the books in 22 states, particularly ones in the South. Dan Yager, general counsel of the HR Policy Association, argued at the press conference that Boeing is being “penalized” for negotiating with the machinists union. Even though he expects Boeing to win the case, Yager claimed the filing will have a chilling effect on companies trying to move into right-to-work states. “If you’re an employer who wants to stay out of court… sort of what the general counsel says is the law,” he said. With litigation that could last well over a year, the Boeing complaint is quickly becoming a significant campaign issue leading up to the 2012 elections: Republicans are looking to paint Barack Obama administration as anti-business and in the pocket of labor unions. That was certainly the theme of the Chamber event, where a host of Republican lawmakers took to the podium to knock not only the NLRB, but the White House as well. Last week, several Republicans vowed to block President Obama’s nominees to the labor board. Sen. Lindsey Graham (R-S.C.), who had tough words for the labor board last week, escalated his rhetoric Tuesday morning. He called the complaint “chilling” and “absurd.” “This is legal slander,” Graham added. “There has never been a case like this. … This is politics run amok.” Last week Graham and Sen. Lamar Alexander (R-Tenn.) said they planned on introducing a bill written expressly to nullify the April 20 Boeing complaint. On Tuesday, the lawmakers said the bill is still being tweaked, but will probably be introduced this week. Sen. Jim DeMint (R-S.C.) leveled his criticism directly at NLRB acting general counsel Lafe Solomon, who filed the complaint. “It is absurd in this country that represents free enterprise that one unaccountable, unelected, unconfirmed acting general counsel can threaten thousands of jobs and billions of dollars in investments. This is something you’d expect in a third world country,” he said. “It is thuggery at its best.” “The pandering to unions has gotten so far out of proportion, it’s difficult to accept,” DeMint added, in reference to the White House. In a statement yesterday, Solomon defended the move . “There is nothing remarkable or unprecedented about the complaint issued against the Boeing Company,” he wrote. “It was issued only after a thorough investigation in the field.” In a recent interview with the New York Times , Solomon said he filed the complaint against Boeing because of strong evidence it had tried to move the production line out of retaliation. In company documents and news interviews, Boeing executives had explicitly cited the strikes as a reason for expanding into South Carolina. Sen. Rand Paul (R-Ky.) wondered aloud whether the Boeing complaint indicated the White House had an “enemies list.” “Mr. President… is this decision based on the fact that South Carolina appears to be Republican state?” Paul asked. “That South Carolina is a right-to-work state? I find this appalling, and I respectfully ask the president to rescind this assault on businesses.” Asked whether she agreed with Paul, if she believed the White House may have an enemies list, Gov. Haley said, “Right now no one knows what the White House is doing.”

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House GOP Issues Subpoena Threat Over Obama Draft Executive Order

May 10, 2011

Republican Reps. Darrell Issa and Sam Graves are signaling their intent to subpoena a top Obama administration official to testify about a controversial White House proposal that conservatives allege is an attempt to intimidate administration critics.

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Deborah Frett: Make Your Mother Proud

May 8, 2011

Each May, we are inundated with advertising from jewelers, florists, and other retailers promising the “perfect” Mother’s Day gift. How did Mother’s Day morph into a shopping spectacle that rivals any other holiday of the year?!? It all seems so inadequate — and absurd — when I consider the many, many sacrifices my own mother had made for me over the years, sacrifices that mothers make for their children on a daily basis without even stopping to think. This week’s headlines turned my thoughts to the tens of thousands of courageous mothers who are members of our nation’s military. These selfless women have made the ultimate sacrifice — not just for their own families, but for all of American’s children — by choosing to serve in America’s Armed Forces. Women now make up 15 percent of the United States military, and they are the fastest-growing segment of the veteran population. According to a 2009 report by the Iraq and Afghanistan Veterans of America, more than 40 percent of women on active duty have children, and more than 30,000 single mothers have been deployed to Iraq and Afghanistan. Try finding the “right” gift in a department store to thank these mothers!! There is no question that these mothers’ military service comes at a cost to their families. According to the California Research Bureau, active duty military mothers report higher rates of emotional problems and mental illness than servicewomen without children. Women in the military divorce at a rate higher than their male counterparts, and are significantly more likely to be single parents. Across all ages and segments, women veterans are more likely to suffer from mental illness, experience homelessness, and to commit suicide than women who choose not to serve in the military. And, not surprisingly, their children also pay a huge price for their mothers’ commitment. The Rand Corporation recently reported that children whose parents have been deployed for over 19 months are more likely to experience academic difficulties and exhibit emotional and behavioral problems in school settings. Despite their willingness to make these sacrifices on behalf of our nation, it is both heartbreaking and frustrating to realize that these women often leave their military service only to face daunting challenges when they re-enter civilian life. They are frequently denied recognition and unable to access the benefits and services they have more than earned — and require to successfully reintegrate. BPW Foundation research pinpoints a critical piece of this puzzle: Too many women veterans fail to self-identify as veterans and miss the opportunity to learn about, much less participate in, the broad range of support services for which they are eligible. And, since many public and private sector tools, services, and programs for veterans are still largely designed with men in mind, women veterans are further “penalized” for their service to our nation. This year, find a truly meaningful way to show Mom how much you appreciate all the sacrifices she made for you. Take a pass on the flowers, jewelry, and myriad other “perfect” Mother’s Day gift ideas. Choose instead to recognize and thank the women veterans in your community. And together join BPW Foundation’s Joining Forces for Women Veterans, and help provide support and resources for women veterans and their families as they return to civilian life. Last month, the White House officially launched Joining Forces , a national initiative to mobilize private and public sectors of our society to help military families and veterans access the opportunities and support they have earned. At the invitation of First Lady Michelle Obama, I attended the April 12th announcement of this initiative. It was an honor to be recognized by the White House for BPW Foundation’s efforts on behalf of women veterans and we are grateful to be able to participate in this important endeavor. A major objective of our Joining Forces program is to enable women veterans to find and utilize the diverse benefits due them, helping them connect with other women veterans through scholarships, a career center, Connect-A-Vet resources, Facebook , and Twitter . We will soon be implementing a mentoring program for military spouses and women veterans, and we invite you to play a role in this project. To read a blueprint for our Joining Forces for Women Veterans campaign, visit the BPW Foundation website . To hear first hand from women veterans, check out our recently posted YouTube video from our Joining Forces for Women Veteran’s Summit . Visit www.womenjoiningforces.org to find out what you can do to support women veterans on this Mother’s Day. Your mother will be proud–just as we are proud of the incredible women who serve our nation in the US military.

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Video: Smith Says Twitter Sped Obama’s Bin Laden Announcement

May 3, 2011

May 3 (Bloomberg) — Andrew Smith, a lecturer at Stanford University and author of “The Dragonfly Effect: Quick, Effective and Powerful Ways to Use Social Media to Drive Social Change,” talks about the impact of social media on the White House’s announcement of Osama bin Laden’s death. He spoke yesterday with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

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Congress Receives Extension To Handle Debt Limit

May 2, 2011

WASHINGTON — Treasury Secretary Timothy Geithner is giving Congress a little more breathing room to negotiate a deal that would raise the nation’s borrowing limit. In a new letter to congressional leaders, Geithner said Monday that he can delay an unprecedented default on the debt until Aug. 2, using a series of bookkeeping maneuvers to keep the government running. That’s nearly a month longer than the July 8 deadline Geithner had previously cited. The U.S. government will hit its $14.3 trillion borrowing limit on May 16. After that time Geithner can take such steps as removing investments from government employee and retiree pension funds to keep from going over the limit. Republicans have said they will not vote to raise the debt limit until it reaches an agreement with the White House on further spending cuts. The debt subject to limit stood at $14.24 trillion as of last Friday, $58.1 billion below the current limit. With Congress back from a two-week recession, negotiations are expected to begin in earnest this week on the debt limit. Geithner said he will begin making moves on Friday to delay a default. At that time, the government will stop selling Treasury securities used by state and local governments to support their own sales of tax-exempt bonds. Treasury has suspended such sales six times over the past two decades, all in conjunction with previous debt fights. The last suspension was in 2007. The Treasury Department also announced Monday that it plans to sell $156 billion in debt during the current April-June quarter. It will be able to achieve those sales with the amount of room that still exists under the debt limit and the extra room made through Geithner’s maneuvers.

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Chrysler Back In The Black Two Years After Bailout

May 2, 2011

Two years after it was escorted through bankruptcy reorganization by the White House and with the help of loans from U.S. and Canadian taxpayers, Chrysler has posted its first quarterly profit.

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POLL: Was Trump A Happy Or Unhappy Camper At The White House Correspondents’ Dinner?

May 1, 2011

Potential presidential candidate Donald Trump found himself a prime target for President Barack Obama and comedian Seth Meyers as they delivered their respective speeches at the White House Correspondents’ Dinner on Saturday night. The president said Trump has shown the acumen of a future president, from firing Gary Busey on a recent episode of “Celebrity Apprentice” to focusing so much time on conspiracy theories about Obama’s birthplace. After a week when Obama released his long-form Hawaii birth certificate, he said Trump could now focus on the serious issues, from whether the moon landing actually happened to “where are Biggie and Tupac?” “No one is prouder to put this birth certificate matter to rest than ‘the Donald,’” Obama said, referring to Trump taking credit for the release of the document last week. For Trump’s decision to fire actor Busey instead of rock singer Meat Loaf from his TV show earlier this month, Obama quipped: “These are the types of decisions that would keep me up at night. Well handled, sir.” And then, as a coup de grace, Obama showed a screen with his vision of how Trump could bring change to the White House. “Trump” was prominently displayed in glittery letters and girls could be seen with cocktails on a Jacuzzi-augmented front lawn. Trump chuckled at some of the earlier jokes, but was clearly less amused as comedian Seth Meyers picked up where Obama left off. “Donald Trump often talks about running as a Republican, which is surprising,” said the Saturday Night Live actor, entrusted with providing some of the comedy for the evening. “I just assumed he was running as a joke.” Trump stared icily at Meyers as he continued to criticize the real estate tycoon. Did Trump look like a happy camper to you? Vote below, and scroll down for video of Meyers’ remarks, which begin at the 11:55 mark.

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Mayors To Washington: ‘We Need Money’

April 30, 2011

CHICAGO — Near the end of a two-day summit here that brought together mayors and federal officials to talk about city design, the mood turned confrontational. It started when Philadelphia Mayor Michael Nutter , in the middle of a Friday discussion on the federal government’s role in city development, turned toward the Washington officials who were sitting with him on stage and expressed his disappointment. “Mayors could never get away with the kind of nonsense that goes on in Washington,” he said. “In our world, you either picked up the trash or you didn’t. You either moved an abandoned car or you didn’t. You either filled a pothole or you didn’t. That’s what we do every day. And we know how to get this stuff done.” That evidently hit a nerve, as cheers erupted through the Grand Ballroom of the Hilton hotel, where many in the audience were mayors. Manny Diaz, former mayor of Miami, who sat on stage with Nutter, gave an impromptu speech criticizing Washington lawmakers. Other mayors stood up and took the microphone during the question and answer session — not to ask questions, but to get things off their chests. The event, co-sponsored by the National Endowment for the Arts, the American Architectural Foundation and the U.S. Conference of Mayors, became, for a few minutes, a forum for mayors to express a difficult truth: Two-and-a-half years after the worst financial crisis since the Great Depression, the nation’s cities still struggle with chronic budget gaps that can’t easily be filled. Tax revenue has plunged as property values have fallen and payrolls have shrunk. Local governments, many of which are legally required to balance their budgets, have made cuts that a few years ago would have been unthinkable. Municipal budget woes stem partially from crises on the state level, which in turn aren’t helped by a lack of federal assistance. Federal dollars from the American Recovery and Reinvestment Act covered less than half of states’ combined budget shortfall during this fiscal year, according to a recent report from the nonpartisan Center for Budget and Policy Priorities . Come next fiscal year, which for many states begins this July, states’ combined shortfall will exceed $110 billion, with only $6 billion in federal aid available, according to the report. That leaves cities out in the cold, as states focus on solving their own problems. In Newark , aid from the state of New Jersey fell by 40 percent between 2008 and 2010, contributing to a budget crisis that eventually prompted the city, one of the country’s most dangerous according to FBI data, to lay off 13 percent of its police force late last year. In Milwaukee County , a community that has contended with a decade-long erosion of bus service, a transit cut in the coming state budget could deal a critical blow to the region’s public transportation. “We get the brunt of what the recession really entails. We’re also the last to come out of that,” Ed Pawlowski, the mayor of Allentown, Pennsylvania, said in an interview after the panel discussion. “While the economy is getting slowly better, cities are still struggling in a significant way.” Mayors want federal money. They say they can put it to quick and efficient use, creating jobs and helping improve the economy from the bottom up. Nutter gave an example: He closed Philadelphia’s crumbling South Street Bridge in 2008, initiating a two-year repair project that was completed on budget and a month early last fall, he said. But federal funds are running dry, as Washington lawmakers have become seemingly obsessed with a desire to cut the federal deficit. In April, lawmakers almost shut down the federal government as they argued over a few billion dollars in spending cuts. Now, some are saying they will not vote to increase the debt ceiling, and risk leading the nation into default, just to enforce budget austerity. The four federal officials who sat on stage during the discussion — Derek Douglas, special assistant to the president on the White House Domestic Policy Council; Roy Kienitz, under secretary for policy at the Department of Transportation; Salin Geevarghese, senior advisor at the Department of Housing and Urban Development; and Rocco Landesman, chairman of the National Endowment for the Arts — became punching bags. “You guys need to keep your day jobs. You’d make lousy mayors,” said Jennifer Hosterman, mayor of Pleasanton, California, addressing the federal officials as she stood on the ballroom floor. “To hear from the four of you all of your gyrations and concerns and discussion about how we communicate with local government — we at local government just have to make it happen.” The moderator, Carol Coletta, the former executive director of the NEA initiative the Mayors’ Institute on City Design, tried to ease the tension. “What are you asking them to do?” she said. “I mean, what is it that they’re keeping you from doing?” Hosterman talked about her efforts to come into compliance with California’s Global Warming Solutions Act. She described months of intense, focused efforts to make her city more efficient. She has specific goals in mind, she said, but she needs more resources. “Love the dialogue — thank you very much for that,” she said. “But we need money.” The audience laughed in assent, clapping loudly. The federal officials on stage were speaking in broad, theoretical terms. But the mayors wouldn’t stand for that. They knew what needed to get done, they said. What they wanted from Washington was the dollars to do it. “We should not be expecting or depending on top-down permission from the White House or Washington to have us advocate for this stuff,” said R. T. Rybak, mayor of Minneapolis, who stood up and addressed the other mayors. Earlier, Mayor Nutter had complained about the seeming hypocrisy of federal lawmakers who go to ribbon-cuttings and ground-breakings, even if they never supported the legislation for those projects. Rybak heartily commiserated. “I’ve seen those guys at the ribbon cuttings. And it pisses me off,” he said. “But I go out and organize at election time and tell people exactly who delivered and who did not.” Douglas, of the White House Domestic Policy Council, said federal officials are doing what they can to help. But political gridlock can muck up the process. “We do hear you,” he said. “If you look at the president’s budget proposal for FY12 and you go look at the transportation section that he proposed — this is what he’s asking for — the stuff you’re talking about is in there. That’s what he requested. Is he going to get what he requested?” “We can ask for everything under the sun,” Douglas added. “But just because we ask for it doesn’t necessarily make it so.” But the mayors were not satisfied. Diaz, the former mayor of Miami, said that the conversation in Washington is the opposite of what it should be. Instead of cutting spending, he said, lawmakers should be finding ways to support job-creation and help the economy grow. It’s the mayors, he said, who create jobs. But the mayors aren’t getting the federal support they need. “We’ve got to figure it out. All of us have very, very difficult budget times right now. But notwithstanding that, we have to figure out how to do it,” he said. “As a matter of fact, there’s a greater argument to move the country forward now, because we’re in the dumps, than when things were hopping five, 10 years ago.” Kienitz, of the Department of Transportation, suggested that Diaz run for U.S. Congress. “You could provide that leadership that we need,” Kienitz said. “Thanks,” Diaz replied, “but I don’t want a job in Washington.”

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Chamber Of Commerce vs. Obama

April 21, 2011

WASHINGTON — An executive order being crafted by the Obama administration that would require government contractors to disclose campaign contributions would have a particularly blunt impact on one of the White House’s most frequent adversaries. The U.S. Chamber of Commerce, the business lobby that has fought the president on a host of legislative fronts, has been particularly piqued about his administration’s most recent campaign finance maneuver. And for good reason. At least 55 of the group’s companies had contracts with the federal government in 2010, according to data available on Transparency.gov and provided to the Huffington Post by U.S. Chamber Watch, a critic of the organization. Those range from the massive — Lockheed Martin ($34 billion in contracts) and Pfizer ($979 million) — to the relatively obscure — Action Chemical ($8 million) and Wegmans Food Markets ($4.5 million). These businesses, to be sure, represent just a small sliver of the Chamber’s membership, no matter how the information is measured. But the same firms awarded government contracts also, in all likelihood, help fill the Chamber’s coffers. In all, the 55 groups highlighted by U.S. Chamber Watch earned $44 billion in contracts in 2010. Under the draft executive order being crafted by the White House, contractors will have to disclose the contributions that they give not just to politicians, political parties or committees, but to “third party entities” (aka groups like the Chamber) as well. “If you are going to get disclosure of funds being given to pay for campaign expenditures, you need to get disclosure of the contributions that are being used by third party groups to make those expenditures,” said Fred Wertheimer, the Founder and President of Democracy 21, a group that promotes greater donation disclosure. “Otherwise, the system is never going to work.” The Chamber, naturally, has been in an uproar over a possible requirement that donors reveal the nature of their contributions. In a blog posted on its own website, Chamber Communications Director Blair Latoff accused the White House of instituting a system in which “one’s political leanings is a prerequisite for determining the qualifications of a company to do business with the government.” The obvious danger of this is that it will lead prospective businessmen and businesswomen to a choice no American should ever be forced to make: ‘Do I support the party in power in the hopes I can continue my livelihood or do I support the candidate I believe will do the best job?’ This doesn’t apply to only the large contractors that immediately come to mind. It also includes everyone from the zipper maker for military uniforms to the daycare facility operator for federal workplaces to landscapers who service a National Park. The implication is clear – pony up for the good guys or risk paying the price. As Senator Mitch McConnell aptly said yesterday “No White House should be able to review your political party affiliation before deciding if you’re worthy of a government contract. And no one should have to worry about whether their political support will determine their ability to get or keep a federal contract or keep their job . Disclosure advocates like Wertheimer scoff at this argument, calling it a red herring. If one does business with the federal government, another counter-argument goes, it’s in the taxpayer’s interest to see how that contractor spends its funds. To date, that type of disclosure has only come through leaks or reporting. During the crafting of health care legislation, for example, many assumed major private health insurance companies funneled money through the Chamber as a means of attacking reform without putting their names behind the ads. Only after the bill passed did Bloomberg reveal that private insurers had given the business lobby $86 million to oppose the law. “The U.S. Chamber exists solely to shield big banks, health insurance companies, and outsourcers from public scrutiny as they fight laws that would protect small businesses,” argued Christy Setzer, a U.S. Chamber Watch spokeswoman. “The Chamber and their big money friends have 44 billion reasons to oppose disclosure laws– and that’s exactly why we need them so badly.”

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Politics, Ideology Overshadow Debt Limit Talks

April 20, 2011

(Reuters) – In the looming fight over raising the debt limit, Washington will have its eye on two deadlines: July 2011 and November 2012. The first is the date by which Congress will likely have to act in order to ensure that the United States doesn’t default on its $14 trillion in accumulated debt. The second deadline is when President Barack Obama and most members of Congress will face voters. What has often been a routine, if unpleasant, vote could this year turn into a battleground in the 2012 campaign as Republicans and Democrats advance clashing ideological visions of the nation’s priorities. Fresh from pushing through the largest domestic spending cuts in history, Republicans hope to use the debt limit debate as a vehicle to win bigger cuts and satisfy conservative Tea Party activists who handed them control of the House of Representatives last year. They will also promote a deficit-reduction plan that relies on permanent spending curbs, lower taxes and scaled-back government health programs as they try to wrestle control of the White House and the Senate from Democrats. Obama and his Democrats will lay out a rival vision of deficit reduction through a mix of lower spending and tax increases for the wealthy, arguing that getting the country’s fiscal house in order does not require wholesale cuts to popular programs. The battle is likely to stretch out for months and could bring the world’s most powerful economy to the brink of default — a prospect that would have far more serious implications for investors and the U.S. economy than the government shutdown that was narrowly averted less than two weeks ago with a last-minute deal on spending reductions. “Shutting down the government is like a really bad stomach ache. The debt limit is like a heart attack,” said Norm Ornstein, a congressional analyst at the conservative American Enterprise Institute. POSTPONING D-DAY Unlike nearly every other advanced economy, the United States requires legislative approval for any increase in the amount of money it can borrow. Congress has voted to raise the debt limit 10 times since 2001 as annual budget deficits brought on by wars, tax cuts and the worst recession since the 1930s pushed the country deeper into debt. The Treasury Department estimates it will hit its current limit of $14.294 trillion by May 16, though it could use a variety of tricks to stave off default until early July. Some observers think Treasury could postpone a default for several more weeks beyond that. Whatever the final deadline, Congress isn’t likely to act much before then. “The unwritten rule of Congress is: Why do today what you can put off until tomorrow?” said Dan Ripp, an analyst at New York securities firm Bradley Woods. Though a default isn’t likely, the almost inevitable brinkmanship could unnerve investors who are already rattled by Standard & Poor’s warning that it might strip the United States of its prized triple-A credit rating unless Obama and Congress can find a way to slash the deficit within two years. That would erode the status of the United States as the world’s most powerful economy and the dollar’s role as the dominant global currency. Ripp said he wouldn’t be surprised if investors pushed up the yield on the benchmark 10-year Treasury bond by 20 or 30 basis points if the debate stretches beyond May 16. CHANGING ROUTINES In the past, the politics on a debt-limit vote have been relatively straightforward. The party in power talks about the need to ensure the continued soundness of the country’s credit and votes for an increase; the party out of power inveighs against irresponsible fiscal policies and votes against. Obama, who is now pushing to raise the debt ceiling, voted against an increase as a member of the Senate in 2006, when George W. Bush was in the White House. Nearly every single Republican in the Senate voted for a debt-ceiling increase that year. Three years later, when Democrats held power, every Senate Republican but one voted against an increase. Democrats have followed the same pattern. This year, the politics are more complicated, as House Republicans have to find common ground with the Democrats who control the Senate. Obama hopes that a consensus can be reached in bipartisan talks led by Vice President Joe Biden and that they would wrap up by late June. But another bipartisan group may be a better bet. The so-called “Gang of Six” — three Republicans and three Democrats in the Senate — have been quietly meeting over the past months in an effort to forge a deficit-reduction plan that could win support in both parties. One thing appears certain: Congress will not pass a “clean” bill, free of extraneous conditions, as Obama wants. Republican leaders say any bill that passes the House will have to include long-term spending limits, and even Democrats who control the Senate say spending cuts will need to be part of the package. “The debt limit presents an opportunity for us to make some significant reforms in the budget process,” said Republican Susan Collins, a key swing vote in the Senate. That could take the form of a balanced-budget amendment to the U.S. Constitution — but it’s unlikely to become law as it would also need to win passage in 38 of the 50 state legislatures. Hard caps on federal spending, tied to economic growth, are a more likely option. Democrats could back a limited cap that excludes benefit programs like food stamps and unemployment benefits, according to a congressional Democratic aide. But at this point, Republicans aren’t saying exactly what they want. Even if Republicans include spending limits in the package, they still might not have enough votes to pass it through the House. House Speaker John Boehner was forced to rely on Democratic votes to pass record spending cuts last week after 59 Republicans voted against the deal on the grounds that it did not go far enough. This time, Democrats might not bail Boehner out. “I don’t think the Democrats should give them any votes,” said Representative Peter DeFazio, an outspoken liberal Democrat. “People say, ‘Oh my God, it would be a financial catastrophe.’ Yes it would, but guess who’s first in line for the financial catastrophe: the people on Wall Street. … Let them pick up the phone and educate the Republicans on how destructive these threats are.” (Additional reporting by Caren Bohan; Editing by Kieran Murray) Copyright 2010 Thomson Reuters. Click for Restrictions .

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WATCH: Donald Trump Goes After Mitt Romney

April 17, 2011

Washington — Potential presidential candidate Donald Trump says he’s a better businessman than possible 2012 rival former Massachusetts governor Mitt Romney. Trump said during an appearance on CNN’s “State of the Union” on Sunday morning that he has a “much, much bigger net worth. I mean my net worth is many, many, many times Mitt Romney.” Here’s an excerpt of what Trump had to say in touting his own business credentials: I’ve built a great company. And one of the beauties of, frankly, if and when I announce, some time prior to June, you will see how big my company is, because it’s much bigger and much more powerful and much stronger than anyone really knows. So you’re going to see how good it is. You’re going to see how strong it is. It’s a big, strong company that I built. And I have thousands and thousands of jobs that I’ve created over the years… Trump described Romney as a “small business guy.” Romney is a former venture capitalist with a record of turning around failing companies. While heading Bain Capital, he helped launch the Staples office supply chain, as well as buy Domino’s Pizza. Romney invested more than $40 million of his own money in the 2008 race. As for Trump’s own presidential ambitions, the billionaire said he “wished [he] didn’t have to” consider mounting a campaign for the White House. “I’m having a good time,” he said of his current life. “I have a great company. I have a very successful show, all of that stuff. … But I love this country. And if you ask me, what are the odds, I’ll let you know some time prior to June. But I will tell you, I am giving it serious, serious thought. And I’m honored by the polls, because people agree with what I’m saying.” WATCH:

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Obama Debt Ceiling Warning: Raise Limit Or Risk Global Recession

April 15, 2011

CHICAGO — Failure by Congress to raise the U.S. debt limit “could plunge the world economy back into recession,” President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. “I think he’s absolutely right that it’s not going to happen without some spending cuts,” the president told The Associated Press in an interview in his hometown, agreeing with House Speaker John Boehner’s assessment. Obama urged swift action, saying he doesn’t want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. “We always have. We will do it again,” said Obama, who voted against raising the debt limit as a freshman senator from Illinois. The interview came a day after the Democratic president held the first major fundraising events of his re-election campaign, which was launched a week ago in a nation still reeling from high unemployment and struggling to recover from economic recession. “I’m the person who is best prepared for us to finish the job so that we’re on track to succeed in the 21st century,” Obama said. That’s the heart of his argument for voters to give him a second term over more than a half dozen Republicans seeking the White House. As the 2012 campaign gets under way, it’s being shaped by a deep disagreement over federal spending in Washington between Republicans who control the House and Democrats in power in the Senate and White House. Obama and Republicans compromised a week ago on a spending bill to avert a government shutdown, a preview of the debate that’s certain to dominate the coming months on deficits and the ceiling on money the nation can borrow. The president said that he doesn’t expect either side to get everything it wants in negotiations and that he’s pushing for “a smart compromise that’s serious.” He warned of dire consequences if the debt ceiling is not raised before it hits its limit of $14.3 trillion; the administration says the latest Congress could possibly act is by early July. But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election. Obama’s remarks about the relationship between lifting the debt ceiling and the need for spending cuts was the clearest acknowledgement yet by the president or the White House that the two issues are intertwined. Republicans, particularly tea party-backed lawmakers in the House, have repeatedly said they would not vote to increase the debt cap without a significant step toward long-term deficit reduction – a point reiterated by Boehner on Thursday. To win a second term, Obama must convince the recession-weary nation that he deserves more time to help the economy recover from a recession that began under George W. Bush. “I think the economy is going to continue to improve, and I think I’m going to be able to make an effective case that given the extraordinary circumstances that I inherited when I came in – the worst recession since the Great Depression – that not only have I been able to yank this economy out of that hole and get it back on a track to growth but that we’ve been able to make changes in our economy,” Obama said. He pointed to rewriting Wall Street regulations, overhauling the health care system, investing in clean energy and helping make college more affordable. The 2012 presidential race is the first in which the tea party coalition, which rails against the growth of government, excessive spending and Obama’s presidency, will play a major role. Obama said his views differ from the tea party in terms of the proper role of the government in society, but he also said “anytime the American people are actively engaged in the political process, it’s good.” On the subject of the nation’s continuing war efforts, Obama refused to estimate how many troops he would pull out of Afghanistan this summer, saying he’s waiting for a recommendation from Gen. David Petraeus, who is overseeing the mission. “I’m confident that the withdrawal will be significant,” he said. “People will say this is a real process of transition, this is not just a token gesture.” On Libya, Obama said he doesn’t anticipate any stepped-up U.S. military role, even as he conceded that a stalemate exists on the ground. He credited the United States and NATO with averting a “wholesale slaughter” of civilians and said Libyan leader Moammar Gadhafi is under increasing pressure to leave. The president said Gadhafi is “getting squeezed in all different kinds of ways,” running out of money and supplies. On terrorism, Obama pledged during his first campaign that he would close the Guantanamo Bay prison camp for terror suspects, but it hasn’t happened. He has been opposed by some in Congress, and he said he needs congressional help to close the prison. He said he still believes terror suspects should be tried in civilian federal courts and wants the U.S. “not to elevate folks who are murderers and thugs into something special. Our criminal justice system is, and our trial system is capable of prosecuting terrorists.” Still, he conceded that he has been unable to overcome public fears about terrorism trials in the United States. “It’s my job to give people some assurance that we can handle this effectively, and obviously I haven’t been able to make the case right now and without Congress’ cooperation we can’t do it,” he said.

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Budget Deal Vote Thursday, Boehner Tries To Keep GOP Together

April 14, 2011

ANDREW TAYLOR, Associated Press WASHINGTON – The House and Senate are ready to vote on legislation cutting almost $40 billion from the budget for the current year, but President Barack Obama and his GOP rivals are both eager to move on to multiyear fiscal plans that cut trillions instead of billions. ( SCROLL DOWN FOR LIVE UPDATES ) Lawmakers were to vote Thursday on a long-overdue spending measure funding the day-to-day budgets of federal agencies through September. Later in the day, Republicans dominating the House will launch debate on a 2012-and-beyond plan that promises to cut the long-term budget blueprint Obama laid out in February by more than $6 trillion. The budget deal has drawn high-profile opposition from some in the GOP. The Washington Post reports : Thursday’s vote will be closely watched as an indicator of fissures between Boehner’s leadership team and the party’s tea party adherents, who had pushed aggressively for deeper spending cuts. “This is our day of reckoning,” said Rep. Ann Marie Buerkle (N.Y.), another swing-district freshman Republican. She, too, was undecided. Obama countered Wednesday with a new call to increase taxes on wealthier people and impose quicker cuts to Medicare, launching a roiling debate in Congress and the 2012 presidential campaign to come. Obama fired a broadside at the long-term GOP plan, which calls for transforming the Medicare health program for the aged into a voucher-like system for people under the age of 55 and imposing stringent cuts on Medicaid, which provides health care to the poor and disabled, including people in nursing homes. More immediate, however, is the 2011 spending measure. It combines more than $38 billion in cuts to domestic accounts with changes to benefit programs, like children’s health care, that Congress’ own economists say are illusory. Thursday’s measure is a compromise between Obama, GOP House Speaker John Boehner of Ohio and Democratic Senate Majority Leader Harry Reid of Nevada. As such, it’s a split-the-differences compromise that considerably smooths a much more stringent version that passed the House in February. Click here to continue reading The bill cuts $600 million from community health programs, $414 million from grants for state and local police departments, and $1.6 billion from the Environmental Protection Agency’s budget. Community development block grants, a favorite with mayors of both political parties, take a $950 million cut. And construction and repair projects for federal buildings would absorb an almost $1 billion cut. Obama, however, was able to ease cuts to favored programs like medical research, family planning programs and education, while largely ridding the bill of conservative policy initiatives to block last year’s health care law and new environmental regulations. But the measure would have little direct impact on the deficit through the Sept. 30 end of the fiscal year, according to the Congressional Budget Office, since about $8 billion in immediate domestic program cuts are more than outweighed by increases for the Pentagon and ongoing war costs. Later Thursday, the GOP-dominated House will kick off debate on its long-term budget plan, a measure promising stiff cuts to domestic agency budgets that total $1.8 trillion over 10 years. The GOP measure, a non-binding blueprint that sets a theoretical framework for future legislation, would also sharply cut Medicaid and transform it into a block grant program runs by the states. It doesn’t touch Social Security, however, or immediately cut Medicare. But the GOP plan calls for transforming Medicare in the future by replacing the current system, in which the government directly pays doctor and hospital bills, into a voucher-like program in which future retirees purchase private insurance plans. People 55 and over would stay in the current system but younger people would receive the insurance subsidies, which economists say would gradually lose value over time because they wouldn’t keep up with inflating costs of medical care. Obama and Democrats say the GOP Medicare plan, devised by Budget Committee Chairman Paul Ryan, R-Wis., would “end Medicare as we know it.” On Wednesday, Obama said spending cuts and higher taxes alike must be part of any deficit- reduction plan, including an end to Bush-era tax cuts for the wealthy. “We have to live within our means, reduce our deficit and get back on a path that will allow us to pay down our debt,” the president said in a speech at George Washington University, a few blocks from the White House. “And we have to do it in a way that protects the recovery, and protects the investments we need to grow, create jobs and win the future.” Obama’s speech was salted with calls for bipartisanship, but it also bristled with attacks on Republicans. “What we got was a speech that was excessively partisan, dramatically inaccurate and hopelessly inadequate to addressing our country’s pressing fiscal challenges,” Ryan said. “What we heard today was not fiscal leadership from our commander in chief. What we heard today was a political broadside from our campaigner in chief.” Obama’s plan relied on some of the same deficit-reduction measures proposed in December by a bipartisan fiscal commission he appointed. The president is scheduled to meet Thursday at the White House with the co-chairmen of the commission, Democrat Erskine Bowles and Republican Alan Simpson.

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Obama Jumping Into Debt Debate

April 13, 2011

WASHINGTON — President Barack Obama, jumping into a debt-reduction debate that will help define the rest of his term, will outline his ideas Wednesday for curbing the costs of Medicare and Medicaid and taking other steps to turn around the nation’s spending habits. Ahead of his effort, House Republicans warned they would not consider any plan that includes tax increases. Obama will give congressional leaders of both parties a preview of his speech, scheduled for delivery at 1:30 p.m. EDT Wednesday, during a private meeting at the White House on Wednesday morning. The White House has refused to discuss details of the speech, but Obama is expected to call for a “balanced” approach of shared burdens that takes on entitlement programs, defense spending and taxes. The president’s move also is intended to serve as a counter to a major Republican proposal from Rep. Paul Ryan of Wisconsin. Ryan’s plan would seek to cut more than $5 trillion in spending over the next decade, built around a drastic reshaping of Medicare and other federal safety-net entitlement programs, and would lower the tax rate for the nation’s top payers. “The point is that balance is essential,” Obama spokesman Jay Carney said. “What is not acceptable in the president’s view – and we believe in the American people’s view – is a plan that achieves serious deficit reduction only by asking for sacrifice from the middle class, seniors, the disabled and the poor, and while providing substantial tax cuts to the very well off.” In a divided Washington, where a budget standoff between Obama and House Republicans nearly led to a government shutdown last week, the broader debt debate now begins in earnest. It is expected to shape both the course of legislation and a presidential campaign that already has Obama seeking a second term. Obama has renewed his call to end the Bush-era tax cuts for households earning more than $250,000 a year or individuals earning above $200,000. The White House has insisted that every aspect of the government must be considered as part of a serious discussion on debt, including revenues, which tends to be Washington-speak for taxes. “If the president begins the discussion by saying we must increase taxes on the American people – as his budget does – my response will be clear: Tax increases are unacceptable and a nonstarter,” House Speaker John Boehner, R-Ohio, said. “We don’t have deficits because Americans are taxed too little. We have deficits because Washington spends too much.” The top Senate Republican, Mitch McConnell of Kentucky, said Tuesday: “Hopefully the president will put forward a plan that doesn’t just pay lip service to the commitments we’ve made to seniors and the poor, but which acknowledges the unique problems that this generation and a rising generation of Americans face.” The ballooning year-by-year deficit has pushed the national debt above a staggering $14 trillion. The administration is clamoring for Congress to raise the government’s borrowing authority above $14.3 trillion to avoid a government default on its debt, but Republicans want spending cuts in return. That showdown helps sets the context for Obama’s speech. Obama is expected to meet at the White House with Boehner, McConnell, House Majority Leader Eric Cantor, R-Va., and Sen. Jon Kyl, R-Ariz., and top Democrats, too: Senate Majority Leader Harry Reid of Nevada, Sen. Dick Durbin of Illinois, House Minority Leader Nancy Pelosi of California and House Minority Whip Steny Hoyer of Maryland.

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A Debt Ceiling ‘Blazing Saddles’ Strategy?

April 12, 2011

WASHINGTON — Are Republicans following a “Blazing Saddles” strategy in the looming standoff over the nation’s debt limit. Imagine the scene in the Mel Brooks classic, where Cleavon Little points a gun at his own head and threatens to shoot if the armed townspeople don’t drop their weapons. “Listen to him, men. He’s just crazy enough to do it!” one says. That’s how some Democrats view GOP demands for “really, really big” concessions on spending and deficits in return for raising America’s debt ceiling. They think Republicans are essentially threatening to take a step that would spark an economic catastrophe — and that the public would blame the GOP for it. “It reminds me of the joke where the guy comes home and finds his wife in bed with another guy, puts the gun to his head and his wife starts laughing,” Rep. Gary Ackerman (D-N.Y.) told the Huffington Post. “He says ‘Who are you laughing at? You’re next!’” “The next hostage event seems to be the debt limit,” House Minority Whip Rep. Steny Hoyer (D-Md.) said. “The only reason you can hold hostage something is because the other side wants to act responsible,” he added. “Therefore you think, even though they don’t want what you’re pressing, that [Democrats will] take it to prevent a bigger harm. I think that’s irresponsible.” Even some Republicans privately wonder how the leadership can plausibly threaten a move that could pull the plug on the economy while arguing they want to fix the economy. “That’s a damn good question,” one GOP Financial Services aide acknowledged. “Even the Ryan budget requires raising the debt ceiling,” the staffer said, referring to the Republicans’ 2012 budget plan offered last week by Rep. Paul Ryan (R-Wis.) “It’s Alice in Wonderland territory,” the aide said. To recap, the U.S. debt ceiling is the maximum amount set by Congress that the country can borrow to meet its obligations. Now standing at $14.3 trillion, Treasury Secretary Tim Geithner warns the nation will hit it in mid-May . The Treasury can juggle the books for several weeks after that to pay the bills, but America will default for the first time in its history if the limit is not raised by early July. Economists have warned defaulting would spark economic calamity , beginning with spiking interest rates on bonds and potentially ending with a new, worse recession. “Yes, the Republicans are threatening to wreck the U.S. economy unless they get their way,” said Rep. Carolyn Maloney (D-N.Y.), who chaired the Joint Economic Committee before the GOP won the last election. The reason the GOP stance seems like a bad joke to many Democrats is that Congress can’t avoid raising the debt limit, whatever anyone says. The math just won’t allow it. It’s all but impossible to cut enough from the budget to avoid smacking into the limit, which last week was only about $80 billion away, a fact that many people have overlooked.. According to the Congressional Research Service, the nation needs to raise its debt limit by $738 billion just to finish 2011 — and there is only about $688 billion in discretionary spending left for the second half of the year. Cutting that spending would only delay the need to hike the debt, because there is, after all, an awful lot of interest to pay. Rep. Barney Frank (D-Mass.), the top Democrat on the Financial Services Committee, noted that the debt involves money that was already spent: on wars, an unfunded Medicare drug program and tax cuts, for instance, which he pointed out he didn’t support. “The way you deal with debt is by not incurring it,” Frank told HuffPost. “The notion that you can incur it and then ignore it is stupid.” Yet Majority Leader Eric Cantor (R-Va.) has vowed to use the debt ceiling as a ” leverage moment ,” and declared Tuesday, “We’re only talking about even doing this [raising the debt limit] if we can be assured there are guarantees in place that the spending doesn’t get out of control here.” “Maybe they’ve got an imaginary magic leverage stick,” quipped Ackerman, a senior member of the Financial Services Committee. Thinking along fairy tale lines, Frank argued that House Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) know what has to be done. But he said they could have a hard time doing it because of both the new Tea Party members in their base and fears of primary challenges from the Tea Party. “Nobody knows just how far removed from reality these people are,” Frank said. “If we were dealing with just John Boehner and Mitch McConnell, it would be one thing. When you’re dealing with John Boehner, Mitch McConnell, the White Rabbit and the Mad Hatter, it’s unpredictable.” “This is not Samuel Adams’ Tea Party; this is Lewis Carroll’s Tea Party we’re dealing with here,” Frank said. And that gives Democrats pause, Ackerman said, leaving him feeling a little like Cleavon Little’s townspeople. “The problem is they might just go ahead and do it,” Ackerman said. “In a political world in which [Minnesota Republican Rep.] Michele Bachmann is a serious person, then not raising the debt limit becomes a serious threat,” said Frank. Ackerman and Frank, though, think maybe it’s time to call the bluff, rather than have Democrats give the GOP concessions as they did on this year’s budget and last winter’s tax cuts. “They’re in charge, which means they’re supposed to be the grown-ups this year,” said Ackerman, admitting, as Frank did, that the minority party generally opposes the debt limit. “But their strategy of ‘let’s hold our breath until our face turns blue’ is not a good strategy. I think the American people will blame them.” “Refuse to pay any attention to the threat,” Frank advised his colleagues and the White House. “And make no concessions.” “I think it’s clear they’d pay a very high price for this,” Frank added. Nevertheless, reports from 1600 Pennsylvania Avenue Tuesday suggested President Obama might throw the GOP at least several bones in his fiscal responsibility speech set for Wednesday — a prospect frowned upon by Ackerman. “For my taste, I’d like to see a stronger executive branch where they’re really helping direct things rather than standing by just watching them,” he said.

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Showdown To Avert Shutdown Set Stage For Even Tougher Confrontations

April 9, 2011

WASHINGTON — A last-minute budget deal forged amid bluster and tough bargaining averted an embarrassing federal shutdown, cut billions in spending and provided the first major test of the divided government that voters ushered in five months ago. Working late into Friday night, congressional and White House negotiators finally agreed on a plan to pay for government operations through the end of September while trimming $38.5 billion in spending. Lawmakers then approved a measure to keep the government running through next Friday while the details of the new spending plan are written into legislation. Obama signed the short-term measure without fanfare Saturday. Congressional approval of the actual deal is expected in the middle of next week. “Americans of different beliefs came together again,” President Barack Obama said from the White House Blue Room, a setting chosen to offer a clear view of the Washington Monument over his right shoulder. The agreement was negotiated by Obama, House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev. The administration was poised to shutter federal services, from national parks to tax-season help centers, and to send furlough notices to hundreds of thousands of federal workers. All sides insisted they wanted to avoid that outcome, which at times seemed inevitable. Shortly after midnight, White House budget director Jacob Lew issued a memo instructing departments and agencies to continue normal operations. Boehner said the deal came after “a lot of discussion and a long fight.” He won an ovation from his rank and file, including the new tea party adherents whose victories last November shifted control of the House to the GOP. Reid declared the deal “historic.” The deal marked the end of a three-way clash of wills. It also set the tone for coming confrontations over raising the government’s borrowing limit, the spending plan for the budget year that begins Oct. 1 and long-term deficit reduction. In the end, all sides claimed victory. For Republicans, it was the sheer size of the spending cuts. For Obama and Reid, it was casting aside GOP policy initiatives that would have blocked environmental rules and changed a program that provides family planning services. Not all policy provisions were struck. One in the final deal would ban the use of federal or local government funds to pay for abortions in the District of Columbia. A program dear to Boehner that lets District of Columbia students use federally funded vouchers to attend private schools also survived. Republicans had included language to deny federal money to put in place Obama’s year-old health care law. The deal only requires such a proposal to be voted on by the Democratic-controlled Senate, where it is certain to fall short of the necessary 60 votes. The deal came together after six grueling weeks as negotiators virtually dared each other to shut down the government. Boehner faced pressure from his GOP colleagues to stick as closely possible to the $61 billion in cuts and the conservative policy positions that the House had passed. At one point, Democrats announced negotiators had locked into a spending cut figure – $33 billion. Boehner pushed back and said there was no deal. During a meeting at the White House this past week, Boehner said he wanted $40 billion. The final number fell just short of that. In one dramatic moment, Obama called Boehner on Friday morning after learning that the outline of a deal they had reached with Reid in the Oval Office the night before was not reflected in the pre-dawn staff negotiations. The whole package was in peril. According to a senior administration official, Obama told Boehner that they were the two most consequential leaders and if they had any hope of keeping the government open, their bargain had to be honored and could not be altered by staff. The official described the scene on condition of anonymity to reveal behind-the-scenes negotiations. The accomplishment set the stage for even tougher confrontations. House Republicans intend to pass a 2012 budget in the coming week that calls for sweeping changes in the Medicare and Medicaid health programs and even deeper cuts in domestic programs to gain control over soaring deficits. In the Republican radio address, House Budget Committee Chairman Paul Ryan, R-Wis., warned of a coming crisis. “Unless we act soon, government spending on health and retirement programs will crowd out spending on everything else, including national security. It will literally take every cent of every federal tax dollar just to pay for these programs,” Ryan said Saturday. That debate could come soon. The Treasury has told Congress it must vote to raise the debt limit by summer. Republicans hope to use this issue to force Obama to accept long-term deficit-reduction measures. ____ Associated Press writers David Espo, Andrew Taylor, Erica Werner, Julie Pace and Ben Feller contributed to this report.

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Federal Budget Deal Reached, Government Shutdown Averted At Least Temporarily

April 9, 2011

Perilously close to a midnight deadline, the White House and congressional leaders have reached agreement to cut billions of dollars in spending to avoid the first government shutdown in 15 years. House Speaker John Boehner informed the GOP rank and file of the accord, reached in grueling negotiations over several weeks, an official said. “We have an agreement,” concurred a spokesman for Senate Majority Leader Harry Reid, Jon Summers. Because drafting and then passing the broader legislation could take days, congressional leaders raced to approve a stopgap measure to prevent the onset of the first shutdown in 15 years, due to begin at midnight. Officials said it would keep the government in funds through the middle of next week. Boehner told reporters just before 11 p.m. EDT that the House would continue working. Republicans said the deal called for $39 billion in spending cuts, a measure that one official said Boehner told his rank and file marked the “largest real-dollar spending cut in American history.” Over a decade, the agreement would cut more than $500 billion from the federal budget, Boehner added, according to a participant in the meeting. The agreement marked an extraordinary reach across party lines and the first test of a new era of divided government that includes Obama in the White House, control of the Senate by fellow Democrats and a tea party-flavored Republican majority in the House.

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Bloomberg’s Follies — A Lesson for Other School Districts

April 8, 2011

NEW YORK — Whether circumventing term limits or banning smoking in restaurants, Mayor Michael Bloomberg is nothing if not a politician accustomed to getting his own way — without apologizing for it. Cathie Black’s brief tenure and resignation from post as schools chief represents a serious blot on the mayor’s record. Thursday marked one of Bloomberg’s only public displays of remorse during his three-term reign. But the perceived guilt resulting from the publishing executive’s appointment and abrupt removal from office offers a timely lesson to school districts across the country now searching for new education leaders: a primer on precisely what not to do. Early in Bloomberg’s first term, the same ruthless acumen that made him a billionaire in business was transferred to the governance of New York City. Nowhere was this more evident than in his power over the nation’s largest school system. After wresting control of the largely failing system, he appointed the Department of Justice’s trust-busting attorney Joel Klein to preside over the city’s 1.1 million schoolchildren and their teachers. Dennis Walcott is Bloomberg’s new appointee. Nationally, Klein’s promotion signaled an important shift in what had otherwise been a more traditional governing structure. In other words, Bloomberg brought his private boardroom manner into the city’s grittier public classrooms. A business-minded approach, whether in merit pay or shutting down schools, ruled the day. Seen in this light, and in the light of similar policies promoted by U.S. Secretary of Education Arne Duncan, Black’s promotion as an outsider wasn’t really all that different. But the jury is still out on whether what works in big business can so easily be transposed onto the fixing of schools. “In the business world, there’s an assumption that if you can sell soap, you can sell automobiles,” said Diane Ravitch, a New York University education historian and former U.S. Assistant Secretary of Education. “That doesn’t transfer to education.” Hence, the lesson: Bloomberg’s latest gaffe may have larger implications, especially for cities like Detroit, Atlanta and Newark that are currently on the hunt for new education leaders. The credentials are key, or at least a resume demonstrating some time in the classroom, said Pedro Noguera, an NYU education professor. “Bloomberg defended Cathie Black even though she has no background in education, saying that her managerial experience was more than enough to make up the difference,” he said. Anthony Adams, president of Detroit’s school board, said the decision-making process in New York was botched from the beginning. “The process in New York was handled by the mayor only,” he said. “We’re advocating a much broader process with a lot of stakeholders involved. We’re being more consultative, so we’ll end up with a better result.” His search committee includes deans of education colleges and communicaty education advocates. Adams added that he hopes to announce the name of Detroit’s new chief academic officer — not superintendent, given the district’s emergency management — by June. The recent search for a new leader of New Orleans’s Recovery School District is a textbook example of putting these lessons to use. Just one day before her exit, Black’s deputy chancellor John White, who is a career educator, announced his departure to head the RSD. To Louisiana’s education chief Paul Pastorak, who recruited White, it was important that the next leader of the Katrina-ravaged district have experience in the classroom. That White had already been in the business of restructuring New York’s schools was particularly attractive. A life-long attorney himself, Pastorak said a traditional pathway into school leadership was not necessary — as long as there was some time in the classroom. White rose up through the ranks of Teach for America. Pastorak said that during the process, he was “keen on engaging” educators and the community to understand its educational needs. These superintendent searches, and others in Providence, Chicago, Florida’s Broward County and Montgomery, Maryland are coming to a head as the national education debate takes on a decidedly corporate tinge. Duncan, the current U.S. Secretary of Education who defended Black in December , has been a long-time champion of charter schools, a model embraced by corporate types for its emphasis on accountability, since his days as CEO of Chicago’s schools. Michelle Rhee and Klein rose to national prominence promoting similar big business-backed reforms. “Some believers in this corporate model think there are generic management skills that simply transfer readily from corporation to corporation to the public sector, regardless of the particular industry,” said Jeffrey Henig, a professor of political science at Columbia University’s Teachers College. The question remains: To what extent will the Black fiasco reverberate through the next generation of education reform darlings? Aaron Pallas, a professor of sociology and education at Teachers College, guesses not much. “This will not derail the widespread efforts to look at expertise outside of education,” he said. “I suspect this is going to be an aberration — not viewed as any kind of bellwether.” Likewise, his colleague, Henig, isn’t waiting for a sea change. “I don’t think it will cast a shadow on the Michelle Rhee/John White model, or folks in charters and new venture funds,” he said, referring to the recent wave of outside hedge funders who have stepped in to reform education. “At least Rhee and White have the educational credentials. And I don’t think they were particularly Cathie Black fans, either.”

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On The National Mall, Worries Over Lost Business

April 7, 2011

WASHINGTON — As many speculate the economic implications of a government shutdown, here in the capital, jitters are felt by one economy in particular–the one that trades in hot dogs, snow cones, and CIA t-shirts down on the National Mall. Washington’s vendors, it turns out, are feeling pretty “non-essential” amidst all the politicking. “If they shut down, there’s no business,” said Abdul Bangura, who shuttles a van loaded with ice cream up and down the Mall each day. “Nobody’s gonna come down here.” A federal shutdown would include much of the National Park Service, which runs the Mall and its monuments, as well as the Smithsonian’s museum network, which draws 3.8 million tourists to the area in April alone, according to the Washington Post . If the White House and Congressional leaders can’t hammer out an agreement, the vendors and other small businesses that cluster around the Mall stand to be hit with a double whammy. No tourists and no federal workers, the two demographics they rely on most. “Ninety-nine percent of my customers work here,” said Tony, pointing to the Environmental Protection Agency offices across the street from his hot dog stand. Tony’s been manning a cart in this spot for a decade and knows many of the EPA employees personally. He explained moving his cart to another part of town isn’t an option; it would violate D.C. vending rules. Tony doesn’t normally follow politics on the Hill, but the standoff has certainly caught his attention. “It will affect my life,” he said. In the event of a shutdown, he said he would simply stay home rather than waste money on gas. Downtown tour companies stand to take a hit, too. Over at the Bike and Roll kiosk, a bicycle rental company, manager Jeff Holliday said higher-ups had convened to discuss what they might do differently in the event of a shutdown. He said he’d gotten a call from a tourist who said she’d already changed her vacation plans because of the shutdown possibility. Rather than head to D.C., she was visiting– gasp –Colonial Williamsburg. Holliday estimated that 75 percent of Bike and Roll’s rentals go to tourists, many of whom may not be there next week. “But we’ll figure it out,” he added optimistically. Dave Cohen, general manager at Historic Tours of America , said his company’s Washington vessels, the Old Town Trolley and the D.C. Duck boats, would continue their amphibious tours of downtown Washington. But he’s wondering if the tourists will still come if they can’t hop on and off and see the monuments and museums along the Mall like normal. “I don’t think it’s sunk in around the country yet,” Cohen said, explaining they hadn’t received any cancellations. “Naturally, we’re concerned. I’m just hoping it doesn’t happen.” Suong Xuan Le, 71, has been hawking hot dogs and egg rolls around town ten hours a day for 34 years, spending last seven of them across from the National Museum of American History. A prolonged shutdown, he said, could devastate his business. “My customers, they’re tourist people,” he said. “If the White House and Congress don’t have an agreement, that’s terrible.” Rob Milford, here on business, said his local high school in Fairhope, Ala., had raised roughly $80,000 to send its marching band to the Cherry Blossom Festival, a costly expedition that’s now uncertain . “For those of us from outside of Washington, it’s a tremendous disappointment that Congress can’t make a decision. They had every opportunity,” said Milford, poking around the Mall vendor trucks in search of an “Obama: One and Done” t-shirt. Down near the monuments, it isn’t just vendors worried about a drop in wages. A group of five contractors working a construction job at the Department of Commerce said they don’t know if they’ll have any work next week. A landscaper whose company has a contract with the EPA said he thinks he’ll still have a job in the event of a shutdown, but only because he’s salaried; his colleagues classified as “laborers” will probably be out of a gig. And Chris Armstrong, a busker who’s been playing his trumpet at 14th and Constitution for seven years, said he expects an empty bucket at his feet next week if the museums are shuttered. “And it’s just politics,” he said. The overriding feeling on the Mall is one of uncertainty – and that extends to the very workers who keep it running. One National Park Service maintenance employee, clad in the agency’s trademark forest green and a pair of protective knee pads, said all the workers in his shop are “worried,” not knowing what their status is and whether they can expect a paycheck come next week. “These are America’s treasures,” he said, gesturing to the Washington Monument while on a hot dog break. “We’re here to keep these treasures going.” As for the possibility of a shutdown, “I just don’t get it,” he said.

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John Boehner, GOP-Backed Stopgap Budget Bill Passes House Vote

April 7, 2011

WASHINGTON — The GOP-controlled House has passed legislation seeking to keep the government open for another week while funding the Pentagon through September. But Senate Democrats oppose it, and President Barack Obama has promised a veto should the bill reach him. Obama called the measure a distraction from ongoing negotiations on a full-year spending bill. A partial government shutdown looms at midnight Friday. Quarreling consumed the Capitol on Thursday, even as top congressional negotiators went to the White House for more talks with Obama. Republicans blasted Democrats for risking denying pay to troops overseas and sought to blame them if the government shuts down. Democrats said it was past time to complete negotiations on the full-year funding bill and complained about a provision banning taxpayer-financed abortions in Washington, D.C.

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Obama: Government Shutdown Will Delay Pay To Troops

April 6, 2011

WASHINGTON — The Obama administration warned Wednesday that a federal shutdown would undermine the economic recovery, delay pay to U.S. troops fighting in three wars, slow the processing of tax returns and limit small business loans and government-backed mortgages during peak home buying season. ( SCROLL DOWN FOR UPDATES ) The dire message, delivered two days before the federal government’s current spending authority expires, appeared aimed at jolting congressional Republicans into a budget compromise. Billions of dollars apart, congressional negotiators were working to strike a deal by Friday to avert a shutdown by setting spending limits through the end of September. The last such shutdown took place 15 years ago and lasted 21 days. President Barack Obama telephoned House Speaker John Boehner Wednesday, and Boehner’s office said the speaker told Obama he was hopeful a deal could be reached. As the talks continued, the White House sought to put the prospect of a shutdown in terms people would care about, warning even that the beloved Cherry Blossom parade in the nation’s capital would be wiped out. The Smithsonian Institution and national parks around the country would also be closed. A shutdown would come at an especially busy time for the Smithsonian. The Cherry Blossom Festival, which concludes this weekend, draws many tourists to an area near the museums. The Smithsonian counts about 3 million visits each April and has already sold 23,000 IMAX movie and lunch combos to school groups for the month. Under long-standing federal rules, agencies would not be affected that provide for U.S. national security, dispense most types of federal benefit payments, offer inpatient medical care or outpatient emergency care, ensure the safe use of food and drugs, manage air traffic, protect and monitor borders and coastlines, guard prisoners, conduct criminal investigations and law enforcement, oversee power distribution and oversee banks. Mail deliveries will continue in the event of a shutdown. U.S. postal operations are not subsidized by tax dollars. According to the shutdown scenario described by the administration, the government would have to significantly cut staffing across the executive branch, including workers at the White House and civilian employees at the Defense Department; close to 800,000 workers would be affected. Congress and the federal court system will also be subject to a shutdown. At the Pentagon, defense officials were finalizing plans that would lay out how the department would deal with a shutdown. But they already have acknowledged that U.S. military troops – including those in war zones – would receive one-week’s pay instead of two in their next paycheck if the government closes. Military personnel at home and abroad would continue to earn pay, but they won’t get paychecks until there is a budget agreement and government operations resume. Col. Dave Lapan, a Pentagon spokesman, said that the Pentagon will be open on Monday and will be staffed. He said decisions on which Defense Department employees must report to work will depend on their jobs, rather than where they are based. Key national security responsibilities, including operations in Afghanistan, Iraq and Libya and earthquake assistance to Japan would not be interrupted by a shutdown, the Pentagon said. The CIA also won’t be closing, though it will be drawing down some non-essential personnel, to be in compliance with federal law, according to a senior intelligence official, speaking on condition of anonymity to discuss matters of intelligence. Officials familiar with the shutdown say essential counterterrorism functions in other parts of the intelligence community will continue, like monitoring of the terrorist watch lists, and essential intelligence collection and analysis. At the Internal Revenue Service, the tax filing deadline remains April 18 – delayed three days because of a local holiday in Washington. Tax audits, however, will be suspended if there is a shutdown. The IRS won’t process paper returns during a shutdown. Those expecting a refund should file their returns electronically and ask that the money be deposited directly into their bank accounts. Tax payments are welcome, though it is still unclear whether help lines for taxpayers will be staffed. Social Security payments will continue to be delivered, and applications for benefits will continue to be processed. But some services will be limited, Social Security Commissioner Michael Astrue said. “The checks will continue to go out. The problem will be on an extended CR, it will be increasingly difficult to get changes in address, changes in status, and those types of things done,” Astrue said. Astrue said Social Security headquarters and regional offices will be closed. Some limited services will still be available at field offices, but the details are still being worked out, he said. Medicare would still pay medical claims for its 48 million recipients, who are mainly seniors but also several million younger people who are permanently disabled or have kidney failure. Payments to doctors, hospitals and other service providers could be delayed, however, should a shutdown continue for several months. At the National Institutes of Health, groundbreaking medical research would experience a disruption. Patients already being treated at the NIH’s famed hospital in Bethesda, Md., would continue to get that care, but new patients could not be admitted. Likewise, no new studies of drugs or other treatments could begin. The Federal Housing Administration, which guarantees about 30 percent of home mortgages, would stop guaranteeing loans. The issuance of government backed loans to small businesses would be suspended, according to the White House. The Obama administration said the impact on the housing market would be more severe than in 1995, the last time there was a government shutdown. The Federal Housing Administration accounts for 30 percent of the mortgage market, nearly three times the amount 16 years ago. The nation’s 15,700 air traffic controllers would keep working, as would many of the Federal Aviation Administration’s 6,100 technicians who install and maintain the equipment for the nation’s air traffic control system. ___ Associated Press writers Lolita Baldor, Anne Gearan, Joan Lowy, Lauran Neergaard, Stephen Ohlemacher, Ricardo Alonso-Zaldivar, Brett Zongker and Marcia Dunn in Cape Canaveral contributed to this report.

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House GOP Readies Stopgap Budget Bill If Needed To Avoid Government Shutdown

April 5, 2011

WASHINGTON — Republican officials say GOP lawmakers are ready with another short-term spending bill if needed to avoid a government shutdown threatened for Friday. These officials say a bill to finance the government for one week will be brought to the House floor if currently deadlocked talks on a longer-term measure fail to yield a compromise. They add the stopgap bill would include about $12 billion in cuts in domestic programs, and include enough money to finance the Defense Department through the end of the budget year on Sept. 30. The current talks are hung up on Republican demands for deeper spending cuts than either the Obama administration or Senate Democrats want. President Barack Obama has invited top lawmakers to the White House for a meeting Tuesday on the issue.

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House Republicans Maneuver For Budget Cuts As Shutdown Looms

April 4, 2011

WASHINGTON — Congressional Republicans maneuvered on two fronts Monday in the federal spending showdown, demanding Democrats agree to more than $33 billion in swift cuts to avoid a government shutdown, even as they readied a separate plan to slash deficits by a staggering $4 trillion over a decade. With little progress evident on the first track, President Barack Obama invited key lawmakers to the White House in search of a deal to avoid a partial shutdown Friday at midnight. “Time is of the essence,” said White House press secretary Jay Carney, announcing plans for the Tuesday meeting. House Speaker John Boehner of Ohio said he would attend on behalf of Republicans. But he also emphasized in a statement that the $33 billion total often cited “is not enough and many of the cuts that the White House and Senate Democrats are talking about are full of smoke and mirrors.” Boehner has said repeatedly he does not want a shutdown. Yet a new public opinion poll underscored the political dilemma confronting the leader of a conservative majority swept into power with the support of tea party supporters. In a survey by the Pew Research Center for the People & the Press, 68 percent of tea party adherents said lawmakers should stick to their principles in the budget negotiations, even if it means the government shuts down. Yet in the population as a whole, only 36 percent supported that view, according to the survey, and only 38 percent of independents, who comprise a key swing vote in any election. In remarks on the Senate floor, Majority Leader Harry Reid emphasized a similar point. Tea party Republicans, the Nevada Democrat said, “stomp their feet and call ‘compromise’ a dirty word and insist on a budget that will hurt America rather than help it.” He said a deeper-cutting House-passed bill “slashes programs for the sake of slashing programs. It chops zeroes off the budget for nothing more than bragging rights.” The House passed the legislation more than a month ago calling for $61 billion in cuts from current levels. In addition, that measure includes dozens of proposals not directly related to spending, including curbs on the Environmental Protection Agency and other federal regulatory agencies and a denial of funding to Planned Parenthood. Unlike the House, the Senate has yet to pass a spending bill to close out the current budget year, now more than half over, and Democrats are divided on how deeply to cut. In several weeks of maneuvering, Congress has agreed on a pair of stopgap bills that cut $10 billion, and Obama has signed them. While much of the leadership’s attention was focused on the Friday deadline, Republicans also looked ahead to Tuesday’s planned launch of the most far-reaching series of deficit-reduction measures in years. Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, has said the blueprint would cut in excess of $4 trillion from the budget, far more than the $2.2 trillion that Obama claimed in his own blueprint and on a par with recommendations of a bipartisan deficit commission last winter. Other officials said that under Ryan’s proposal, the annual deficit would fall below $1 trillion at the end of the coming fiscal year but would not be erased by the end of the decade. The deficit is currently projected at $1.6 trillion for the current fiscal year, and the administration estimates that under Obama’s budget, it would drop to $1.1 trillion next year and $774 billion in 2021. Republican officials said about $1 trillion in savings under their emerging plan would come from changes to Medicaid, the federal-state program that provides health care for the poor. Spending on hundreds of domestic programs – the accounts at the heart of the talks to avoid a government shutdown – would be returned to levels in effect in 2008, at a savings of hundreds of billions of dollars. One of the most significant changes would occur in Medicare, which provides health care for seniors, but would not affect current beneficiaries or workers age 55 and older. Once eligible, they would receive Medicare coverage from private insurance companies that operate plans approved by the federal government. No details were available on what level of service would be assured, or how much financial support the government would provide. At the same time, officials said Ryan intended to propose restoring at least some of the $129 billion in subsidies that Democrats cut a year ago from a private alternative to traditional Medicare that is already in existence. The Obama administration and other critics maintained that payments to private insurers exceeded the government’s cost for the traditional Medicare program. The officials who described the recommendations did so on condition of anonymity, saying they were not authorized to pre-empt a formal announcement. Republicans intend to move quickly to advance their new blueprint. They hope to have the Budget Committee approve it Wednesday and push it through the House next week. The plan is expected to serve as a rallying point for Republicans who took power in January, but it is also likely to give Democrats a ready target to attack. Democratic Leader Nancy Pelosi has drawn attention in recent days to public opinion surveys reporting widespread skepticism about fundamental changes in Medicare.

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Obama Urges Lawmakers To Reach Budget Agreement To Avert Government Shutdown

April 2, 2011

WASHINGTON — The White House says President Barack Obama urged the leaders of the House and Senate on Saturday to agree on a budget in time to avoid a government shutdown next weekend. Negotiators are discussing spending cuts in the $33 billion range but haven’t agreed on where to make them. Talks were continuing through the weekend. Funding for the government expires at midnight Friday. Obama says a government shutdown would hurt the economy just as it’s beginning to create jobs. After keeping a low profile and delegating the negotiating to the vice president, his budget director and other White House aides, Obama has begun to step up his involvement and press for a deal as the deadline nears. He said Friday that compromise was within reach.

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Video: Austan Goolsbee Says March U.S. Jobs Report Is `Solid’

April 1, 2011

April 1 (Bloomberg) — Austan Goolsbee, chairman of the White House Council of Economic Advisers, discusses U.S. jobs data and fiscal policy. The U.S. economy added 216,000 jobs in March, more than forecast, and the unemployment rate declined to a two-year low of 8.8 percent, the Labor Department said today. Goolsbee speaks with Betty Liu on Bloomberg Television’s “In the Loop.” JPMorgan Funds’ David Kelly also speaks. (Source: Bloomberg)

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Eric Cantor: No Stopgap Spending Bill Beyond April 8

March 29, 2011

WASHINGTON — The No. 2 Republican in the House said Tuesday that the chamber won’t pass another short-term federal funding bill to avert a government shutdown if talks between the GOP and the White House fail to produce a 2011 spending agreement by an April 8 deadline. Majority Leader Rep. Eric Cantor of Virginia said “time is up” and that it’s up to Democrats controlling the White House and the Senate to offer significant spending cuts as part of legislation to fund the government for the rest of the budget year. “We’re going to need to see a deal struck where our members can go home and tell their constituents that we’re doing what we said we would do,” Cantor said. Cantor’s remarks to reporters suggest that Republicans could advance a stopgap bill if an agreement is struck between Democrats and the White House that would need time to draft into legislation and pass through House and Senate. Talks have mostly broken down, however, and the combatants are instead casting blame in a daily back-and-forth public relations battle. Democrats say that GOP leaders, fearing a tea-party rebellion, have pulled back from a near-agreement on an overall figure for spending cuts that would slash President Barack Obama’s budget requests for the current year by $70 billion or more. Republicans say Democrats have yet to offer sizable enough cuts and that some of the many conservative policy additions added in floor debate last month must be included in a final agreement. Current stopgap funding runs out April 8 and failure to act would precipitate a partial shutdown of every government agency, though essential workers such as military troops, FBI agents, homeland security workers and many others would remain on the job. Cantor’s comments signal that such a shutdown is increasingly likely next Friday unless the pace of negotiations accelerates sharply.

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Leahy Presses Obama To Name Key Reformer To Swaps Panel

March 25, 2011

WASHINGTON — Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation of the derivatives trade, to an open seat on the powerful Commodity Futures Trading Commission. Leahy sent a letter to the president on Wednesday backing Cota’s appointment. Leahy’s pick for the panel runs Cota & Cota, a longtime family-owned home heating company based in Vermont. Cota was active in the Commodity Markets Oversight Coalition, an alliance of small businesses, consumer advocates and other “end users” of derivatives. Cota was a fixture on the Hill during Wall Street reform, articulating opposition to dark derivatives markets and serving as a counter balance to industry lobbyists who insisted that regulating derivatives and clearing them in the open on an exchange would increase the cost of hedging risk. He was part of a powerful coalition of unlikely allies who lobbied to bring derivatives trading into the sun. He’s a past chairman of the New England Fuel Institute, which lobbied on behalf of reform. Leahy is a senior member of the Senate Agriculture Committee, which has jurisdiction over CFTC nominations – a relic of the days when commodity futures were used primarily by farmers to hedge pricing risk. Some small businesses still rely on derivatives to hedge against the risk of inflation or price swings, but because most derivatives aren’t traded on exchanges similar to the stock market, small end users of swaps have little way of knowing whether they’re paying a fair price or getting gouged on fees. Leahy, a Democrat from Vermont, is also chairman of the Judiciary Committee, a powerful spot and one that controls the flow of judicial nominations that the administration wants confirmed. A White House that wants its judges confirmed can resist only a small number of entreaties from the panel’s chairman. Were Cota to be nominated, he’d face an uphill climb in a Senate that is approaching stalemate on confirmations, as Democrats lack the 60 votes needed to overcome a filibuster. The CFTC is currently led by Gary Gensler, who was initially greeted by liberal Democrats with great suspicion for his role in pushing deregulation in the 1990s and his long stint at Goldman Sachs. He has since had an ideological conversion, putting him firmly on the pro-regulatory side, and counts among his allies some of his former opponents. Cota and Gensler hold many of the same positions, but the two arrived at them by starkly divergent paths. Gensler was shocked out of his deregulatory mindset when the dark derivatives market nearly brought down the global economy. Cota, meanwhile, watched fuel prices in Vermont fluctuate over the years while the cost of hedging continued to climb. “Sean has years of experience working with me and other members of Congress on financial reform efforts,” Leahy wrote in the letter to the president, which was obtained by HuffPost. “An early voice warning of manipulation and fraud needlessly driving up the cost of energy to American consumers, Sean has testified before Congress and the CFTC nine times on commodity markets and financial derivatives. His knowledge was integral in the drafting of key commodity, swap, and derivative provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.” Spokespersons for Leahy and the White House weren’t immediately available.

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Nell Merlino: What the White House Report on Women Didn’t Say

March 21, 2011

A few weeks ago, the White House released a report on the status of American women: ” Women in America: Indicators of Social and Economic Well-Being .” This was a big deal: it’s the first comprehensive federal report on women since 1963. Yes, you read that right: The last time the federal government produced a report on women was during the Kennedy administration, with Eleanor Roosevelt in charge. Clearly, they’ve had a lot of time to do research. The report illustrates how women’s lives are changing in five different arenas — people, families and income; education; employment; health; and crime and violence. Most of it isn’t especially surprising: Women are marrying later and having fewer children. Women live longer than men but generally face health problems like arthritis, asthma, depression, and obesity. Younger women are more likely than younger men to have a college or a master’s degree. Stuff we already know. But as the founder and president of Count Me In for Women’s Economic Independence, a not-for-profit provider of resources for women growing micro-businesses into million dollar enterprises, I was most interested in the employment area. And for better or for worse, none of it was especially shocking, either. For example, although the number of women and men in the labor force has nearly equalized in recent years, women still earn about 75 percent of what men earn. A big reason is because females don’t go into science and technology-related fields, which typically lead to higher paying occupations (women tend to gravitate toward lower paying jobs, like teaching). But here’s what did surprise me: Nowhere in the 85-page document was there any mention of women-owned businesses. Not a peep. We heard a lot about women and education; we learned how old college-educated women are when they marry (the median age is 30, fyi). But there was not one word about the ten-and-a-half million women who are in business for themselves. Granted, President Kennedy’s report didn’t mention women business owners. But that’s because we didn’t even count them in the US Census until the 1970′s, when women won the right to business credit in their own name. I’m not quite sure why women business-owners were left out of the Obama administration’s report. How can you expect to create jobs if you’re not speaking to the people who create them? It’s not like women-owned businesses don’t account for much in this economy. According to an October, 2009 study from the Center for Women’s Business Research — a bi-partisan federal government council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of importance to women business owners — women-owned businesses contribute nearly three trillion dollars to the US economy, and create or maintain 23 million jobs [ pdf ]. Or look at it this way: If women-owned businesses were their own country, they would have the 5th largest GDP in the world, ahead of France, Britain, Italy. As it happens, as I write this the president is in Brazil, which some speculate will soon have the 5th largest GDP. Never mind the trouble in Libya, Yemen and Japan; Obama obviously thought it was critical enough to the US economy to figure out how to increase trade and exports with Brazil. Well, what about increasing the capacity of women-owned businesses and elevating their exports? There’s more. A December 2009 report by The Guardian Life Small Business Research Institute found that women-owned small businesses will generate more than half of the 9.72 million new small — business jobs expected to be created — and roughly one-third of the 15.3 million total new jobs anticipated — by the Bureau of Labor Statistics by 2018. It’s too bad the White House didn’t feel the need to mention this, because it’s precisely the sort of thing women need to hear. Women — no, people — get inspired by one another. Women entrepreneurs achieve the most success when they operate in a cohort, challenging and pushing each other forward. Tina Rosenberg’s Join The Club: How Peer Pressure Can Transform the World demonstrates how peer pressure can be an agent of positive change and can modify behavior. What’s more, female entrepreneurs are sadly lacking in role models. I know this White House is committed to creating jobs. And women business owners of America are doing their share by employing 16 percent of the workforce and climbing. I just hope we don’t have to wait another 45 years to be visible to 1600 Pennsylvania Ave.

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CBO: Obama Understates Future Budget Deficits By $2.3 Trillion

March 18, 2011

WASHINGTON — A new assessment of President Barack Obama’s budget released Friday says the White House underestimates future budget deficits by more than $2 trillion over the upcoming decade. The estimate from the nonpartisan Congressional Budget Office says that if Obama’s February budget submission is enacted into law it would produce deficits totaling $9.5 trillion over 10 years – an average of almost $1 trillion a year. Obama’s budget saw deficits totaling $7.2 trillion over the same period. The difference is chiefly because CBO has a less optimistic estimate of how much the government will collect in tax revenues, partly because the administration has rosier economic projections. But the agency also rejects the administration’s claims of more than $300 billion of that savings – to pay for preventing a cut in Medicare payments to doctors – because it doesn’t specify where it would come from. Likewise, CBO fails to credit the White House with an additional $328 billion that would come from unspecified “bipartisan financing” to pay for transportation infrastructure projects such as high speed rail lines and road and bridge construction. Friday’s report actually predicts the deficit for the current budget year, which ends Sept. 30, won’t be as bad as the $1.6 trillion predicted by the administration and will instead register $200 billion less. But 10 years from now, CBO sees a $1.2 trillion deficit that’s almost $400 billion above White House projections. The White House’s goal is to reach a point where the budget is balanced except for interest payments on the $14 trillion national debt. Such “primary balance” occurs when the deficit is about 3 percent of the size of the economy, and economists say deficits of that magnitude are generally sustainable. But CBO predicts that the deficit never gets below 4 percent of gross domestic product. That means that by the time 2021 arrives, the portion of the debt held by investors and foreign countries will reach a dangerously high 87 percent. “The President’s budget never reaches ‘primary balance,’ meaning that it fails to clear even the low bar the administration set for itself in justifying its claims of sustainability,” said House Budget Committee Chairman Paul Ryan, R-Wis. White House budget director Jacob Lew said in a blog post that “CBO confirms what we already know: current deficits are unacceptably high and if we stay on our current course and do nothing, the fiscal situation will hurt our recovery and hamstring future growth.” The estimate adds urgency to calls on Capitol Hill for action on runaway deficits that many economists fear – if left unchecked – could trigger a European-style debt crisis that could force draconian measures such as cutting federal benefits for seniors or forcing broad-based tax increases. Just on Friday, 64 senators – 32 in each party – signed a letter to Obama calling on him to take the lead in coming up with a comprehensive deficit reduction plan along the lines of a plan issued last year by his own deficit commission. That plan called for a comprehensive overhaul of the tax code that would trade dozens of expensive tax breaks for lower individual and corporate rates, curb Social Security benefits and clamp down on spending across the budget. “While we may not agree with every aspect of the commission’s recommendations, we believe that its work represents an important foundation to achieve meaningful progress on our debt,” the senators wrote. They said that “with a strong signal of support from you, we believe that we can achieve consensus on these important fiscal issues.” Conversely, the report is a sobering blow to House Republicans charged with developing a budget blueprint that could satisfy its core supporters in the tea party. Republican lawmakers had already acknowledged that they won’t be able to generate a budget that comes to balance by the end of the decade. Friday’s news makes that task even more difficult.

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Obama Executes Above-The-Fray Strategy On High-Profile Issues

March 12, 2011

WASHINGTON — Call it an above-the-fray strategy. On hot issues that Democrats and Republicans have found cause to fret about – from spending reductions to state labor disputes – President Barack Obama is keeping a low profile. Democrats such as Sen. Joe Manchin of West Virginia want him more publicly engaged in budget negotiations in Congress; some lawmakers want him to denounce Republican proposed program cuts. Rep. Keith Ellison, D-Wis., and others in the party want him to go to Wisconsin to stand in solidarity with public unions fighting to retain their bargaining rights. Some lawmakers in both parties want him to take a greater lead against Libya’s Moammar Gadhafi. But the White House sees no upside in outspokenness. “There is a very strong gravitational pull in this town to try to drag the president to every single political skirmish and news story,” said White House communications director Dan Pfeiffer. Pfeiffer said Obama has enough issues on his agenda and said the White House doesn’t believe the public wants the president weighing in on an array of subjects. “They want him leading the country; they don’t want him serving as a cable commentator for the issue of the day,” he said. At a news conference Friday, Obama defended the role he has played in seeking a compromise on spending cuts in the current federal budget to avoid a government shutdown. But he made it clear that resolving the impasse rests mainly with congressional leaders. “This is an appropriations task,” he said, putting the issue firmly in Congress’ domain. Manchin said an agreement could only be reached if Obama led the negotiations. “And, right now – that is not happening,” he said. But Obama noted that he has spoken to congressional leaders “about how they should approach this budget problem.” That doesn’t preclude a White House role. White House officials point to the negotiations in December that produced a deal with Senate GOP leader Mitch McConnell of Kentucky on extending Bush-era tax rates as a template for other deals. But unlike the tax deal, when both sides got something they wanted, the debate over spending would require both to give something up while gaining little. While Democrats have attacked the Republican spending cuts as cruel or heartless, Obama has avoided such loaded language. He has drawn a line at education spending, saying he would not support cuts that reduce money for schools or college tuition. “What I’ve done is, every day I talk to my team,” the president said, responding directly to criticism that he has been absent from the debate. “I give them instructions in terms of how they can participate in the negotiations, indicate what’s acceptable, indicate what’s not acceptable.” On the Wisconsin labor dispute, Obama initially appeared to be stepping into that fight when he told a Milwaukee television station that GOP Gov. Scott Walker’s effort to make it harder for public employees to engage in collective bargaining “seems like more of an assault on unions.” Around the same time, his political arm at the Democratic National Committee, Organizing for America, coordinated with unions that were mobilizing demonstrators. But the DNC has played down its role, and Obama has left most of the criticism to his spokesman, Jay Carney. The Wisconsin Legislature this past week passed the collective bargaining restrictions and Walker signed the measure into law Friday. Ellison, together with liberal commentators and some union leaders, demanded that Obama go to the state in support of the teachers and other public sector workers. But White House officials believe the demonstrators have made the best case on their own and point to public opinion surveys that indicated support for bargaining rights. Republicans already were portraying Obama as a tool of labor for his remarks to the Wisconsin television station and for the logistical assistance that his political arm had supplied. White House officials say a higher profile on the issue by the president would have been counterproductive and could have interfered with a naturally occurring protest. “In Wisconsin, it’s been a much more organic movement there,” said David DiMartino, a Democratic political consultant and former Senate staffer. “The White House doesn’t need to get involved.” The bipartisan criticism of Obama on Libya has less to do with low profile rhetoric – the president has been vocal in his demand that Gadhafi step down – than with the direction of the president’s policy. Sens. John Kerry, D-Mass., John McCain, R-Ariz., and Joe Lieberman, a Connecticut independent, have called for the United States to impose a no-fly zone over Libyan airspace. Administration officials have shown little enthusiasm for such a step. They don’t want to act unilaterally and would only consider it if it had widespread international support. As important, they point out enforcing a no-fly zone would require military action, including attacks on Libyan anti-aircraft defenses. Asked at his news conference if he would use any means necessary to force Gadhafi’s removal, Obama recited the steps already taken, including what he called “the largest financial seizure of assets in our history.” As for military action, he said: “Anytime I send United States forces into a potentially hostile situation, there are risks involved and there are consequences. And it is my job as president to make sure that we have considered all those risks. “It’s also important from a political perspective to, as much as possible, maintain the strong international coalition that we have right now.”

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Obama News Conference Scheduled To Address Rising Oil & Gas Prices

March 11, 2011

(AP) – The White House says President Barack Obama will address rising oil and gasoline prices at a news conference on Friday. Fuel prices have been rising amid continued turmoil in Libya, an oil-producing country. News that police opened fire to break up a protest Thursday afternoon in Saudi Arabia also has sparked fears that the unrest could spread to that country. Saudi Arabia is the world’s largest oil exporter. Oil prices soared $3 per barrel in just 12 minutes after the news broke in Saudi Arabia. At the pump, gasoline is averaging $3.52 a gallon – 41 cents more than last month. Obama’s news conference is scheduled for 11:15 a.m. Eastern time. It will be his second full news conference of the year. Later, the president and first lady will welcome their hometown, Stanley Cup-winning Chicago Blackhawks to the White House. Following that get-together, first lady Michelle Obama, National Hockey League Commissioner Gary Bettman and USA Hockey Executive Director Dave Ogrean will preside over a street hockey workout and clinic on a rink set up on the South Lawn. The clinic for local youngsters is part of a new collaboration between Mrs. Obama’s Let’s Move! initiative, the NHL and USA Hockey to encourage kids to lead active and healthy lives.

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Exco Resources Limited (ASX:EXS) White Dam Production And Resource Update

March 10, 2011

Exco Resources Limited (ASX:EXS) White Dam Production And Resource Update

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Exco Resources Limited (ASX:EXS) White Dam Production And Resource Update

March 10, 2011

Exco Resources Limited (ASX:EXS) White Dam Production And Resource Update

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AuRo Resources and White Gold Corporation to Enter Into Business Combination

March 9, 2011

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 9, 2011) – AuRo Resources Corp. (the “Company”) (TSX VENTURE:ARU) is pleased to announce that it has entered into a binding letter of intent to acquire all of the issued and outstanding securities (the “Target Shares”) of White Gold Corporation (“White Gold”), an arm’s length private Alberta corporation, engaged in gold exploration in Colombia, South America. The combined AuRo Resources and White Gold will possess a large and diverse strategic property portfolio of approximately 70,000 hectares within Colombia’s most prolific gold, silver and copper exploration and mining regions.

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Surprising Way Race Colors Attitudes To Health Care Reform

March 8, 2011

Some opposition to the Obama administration’s health care reform law is linked to racial bias, according to a study released by the Greenlining Institute on Tuesday. But, according to the research, much of this opposition to health care reform is not attributable to racially charged views about President Barack Obama in particular, but, comes from a complex idea called racial resentment. “The racial bias that I looked at is a construct called racial resentment, it’s the idea that the reason why blacks don’t get ahead in society is because they don’t work hard enough,” said Daniel Byrd, research director at the Greenlining Institute . “Obama isn’t affecting their attitudes towards the healthcare reform law, it’s more about the idea that blacks may be getting something they don’t deserve.” According to the report , which analyzed data from the 2008 to 2010 American National Election Survey of opinions and voting habits: “Whites who like Obama are more supportive of the health care reform when compared to whites who do not like Obama. In contrast, for whites high in racial resentment, Obama is not a factor in their attitudes towards the health care reform law. Instead their attitude towards blacks as a group, specifically the belief that blacks do not work hard, is related to their attitude towards the recently passed health care reform law.” The study found that during the summer of 2010, 44.3% of all Americans backed healthcare reform, 35.8% opposed it and 19.8% had no opinion. There was also a “racial component” to support for the measure, the report found, as 78.6% of African Americans, 52.6% of Latinos and 43.6% of people from other racial backgrounds backed reform, compared with 38.4% of the white people surveyed, according to the study. This could be linked to the fact that, according to the Center for American Progress, black and Latino Americans are less likely to have health insurance when compared to their white counterparts. Opposition to the health care reform bill has sometimes been racially charged . In 2009, a swastika was painted on a sign outside the Smyrna, Ga., office of representative David Scott, D-Ga., who backed the bill, after a town hall meeting about an unrelated issue became a confrontation over health care reform. “This kind of hate and racism is bubbling underneath the surface,” Scott told the AJC at the time. “You hear these people say I want my country back, but from whom?” Scott told the paper. “They feel somebody has taken their country. What has happened to demonstrate that? I think it speaks for itself.” Several other representatives who backed the bill received death threats, according to the AJC : “Democratic congressman, Brad Miller of North Carolina, has received death threats for his support of health care reform. Two other Democratic congressman, Lloyd Doggett of Texas and Frank Kratovil of Maryland, were hanged in effigy by protesters opposed to President Barack Obama’s health care reform.” The Obama administration is currently defending healthcare reform against a barrage of challenges after courts in Florida and Virginia ruled against aspects of the legislation.

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Alan Simpson Rants About ‘Snoopy Snoopy Poop Dogg’

March 7, 2011

Alan Simpson, co-chairman of President Barack Obama’s debt commission, furthered his penchant for colorful commentary Monday when he unleashed a rambling diatribe targeting what he characterized as a generation of disrespectful youth and their confused grandparents. “This is a fakery,” the former Wyoming senator said on Fox News, referring to retirement-age Americans expressing fears about having Social Security funds slashed. “If they care at all about their children or grandchildren, and sometimes I doubt that — I think, you know, grandchildren now don’t write a thank-you for the Christmas presents, they’re walking on their pants with the cap on backwards listening to the enema man and Snoopy Snoopy Poop Dogg, and they don’t like them!” Simpson has been a proponent of considering reforms to entitlement programs such as Medicare, Medicaid and Social Security in the effort to reduce the deficit, suggestions that so far appear to have been ignored in the Obama administration’s budget proposals. In February, Simpson exhibited his flair for the dramatic when he called the White House’s spending cut effort a “sparrow belch in the midst of the typhoon.” The deficit, he later said , was “a stink bomb in the garden party and it’s never going to go away.” The debt commission co-chairman also came under heavy fire last year after it was revealed that he had referred to the nation as “a milk cow with 310 million tits” in an email to the executive director of the Older Women’s League.

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White House Chief Of Staff Pressed About Lack Of Jail Time For Wall Street Culprits

March 6, 2011

WASHINGTON — White House Chief of Staff Bill Daley declined on Sunday to bring the president into the debate over why no major player in the collapse of the financial system in 2008 has gone to jail. Appearing on NBC’s “Meet the Press,” Daley, who worked as an executive at JP Morgan prior to joining the White House, said it wasn’t the role of a politician, let alone a president, to weigh in on judicial matters. Besides that, he added, the reforms that Obama instituted years after the crash occurred were indicative of his dissatisfaction with the financial sector. “I think the president, no one has been more out front on the need for financial reform,” said Daley. “Obviously the justice system will take its place and the politicians should not engage in trying to say who should be prosecuted or who should not. That is not a responsible thing to do. You have a number of attorney generals moving forward on cases that are legitimate. But the president felt very strongly — that’s why he fought so hard for national regulatory reform — that the system has got to change. “Most of the laws that the financial sector worked under were enacted closer to the Civil War than to this century. He fought, it was tough, to be honest with you, I was in an industry that… fought many of it, not all of it, probably 85 percent of it the industry wanted. They wanted to stop too-big-to-fail and a number of other of things. But it was controversial, difficult, but he hung in there and got what he wanted.” Pressed a bit further, Daley refused once again to say whether “it is illegitimate or not” for the people to demand jail time for the culprits of the crash. “Politicians should not get involved. Producers, directors can do that. But politicians should not get involved.” The director to whom Daley was referring was Charles Ferguson, who won an Academy Award for his documentary “Inside Job” — which looked at the cause and scope of the crash — and who bemoaned the lack of jail time for the primary offenders during his acceptance speech. Daley’s past work on Wall Street makes him, perhaps, not the best spokesman for the administration on this front — serious-minded observers would dispute his claim that the law signed by the president ends too-big-to-fail. And his acknowledgment that the industry in which he served opposed (however slightly) the president’s regulatory reform laws only underscores the fact that the White House has been as concerned with courting the support of the financial sector as they have been with prosecuting its transgressions. WATCH:

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Dan Dorfman: Housing Could Sink Recovery, Squash Obama

February 21, 2011

Hey, it’s now common talk that we’re on a solid road to recovery. Likewise, that President Obama, now gaining in the polls, is likely to win a second term. Maybe so, but if one perceptive and skeptical economic mind knows what she’s talking about, both are about as credible as an anti-aging process that really works. The chief reason: The housing mess — a subject that has become a bore and no one really wants to hear about anymore — could short-circuit both possibilities. Here’s the story! At the turn of the year, a senior loan officer at a significant New York State bank told me its inventory of foreclosed homes had risen 28% in the past few months. I rechecked the other day and he told me the figure had now more than doubled to 61%. “I was sure the number would have declined, given an improving economy.” he says, “but I was wrong. More and more would-be home buyers seem to be afraid of losing money and are holding back on their purchases, many preferring to rent instead.” He went on to note that he hears “the same ugly story” from many peers around the country. It reminded me of a remark a number of months ago from Chicago real estate developer Robert Sheridan, who told me that anyone who buys a house these days and pays the asking price is overpaying. He was right then and a chat with economist Madeline Schnapp made me think that’s still the case. Interestingly, she reminded me that housing peaked 56 months ago, June of 2005, to be precise. Why, I wondered, should anyone give a hoot about that now? Because, she explains, housing is still stuck in quicksand, it’ll take another four to five years (2015 to 2016) to get back where it once was and that strongly suggests to her it behooves everybody to take with a grain of salt all those rosy upgraded economic forecasts we’re getting from Wall Street and the White House as a result of a peppier economy. Why question such forecasts in view of growing signs the economy is in a turnaround mode? Because, Schnapp explains, one out of every 10 jobs in this country is associated with the housing sector. And she figures this struggling industry will require numerous years and a lot of Viagra to re-establish its potency on the economic scene, given its current sad state. Between 2002 and 2007, housing accounted for 40% of job growth and represented 20% of GDP, figures that are both considerably lower at this juncture, and Schnapp thinks it will take many moons to restore such numbers. A number of real estate optimists have been insisting for well more than a year that we’re on the verge of a housing rebound and some are still saying it. Sounds hopeful, but Schnapp, the economics chief at West Coast liquidity tracker TrimTabs Research, partially owned by Goldman Sachs, warns that playing catchup anytime soon is totally unrealistic, given such significant sales-stifling housing problems as: – A bulging inventory of 5.8 million new and existing vacant homes, about two million of which is a shadow inventory (foreclosed houses owned by banks). That’s about a 15 months’ supply. – The number of houses under water (meaning the mortgages are greater than the value of the homes) continue to swell. They now stand at 14 million or 27% of the 53 million U.S. homes, up from 25% a few months ago. – Foreclosures continue at a sizzling pace — 255,000 a quarter or more than one million a year. – Mortgage delinquencies, which often herald future foreclosures, now stand at a hefty seven million — which is only million below the January 2010 peak despite all the stimulus packages. – Rising mortgage rates. In November, the 30-year mortgage rate was 4.2%. It’s now above 5%. In effect, Schnapp is telling us the housing horror show — which seems to be competing in longevity with such long-running hit Broadway plays as Cats , Phantom of the Opera and Chicago — is far from over, could well sabotage economic growth and wreak havoc on the stock market. She also expects homeowners to suffer another 10% drop in housing prices this year President Obama obviously disagrees with such a negative assessment since his budget calls for GDP growth of 4% in 2012, 4.5% in 2013 and 4.2% in 2014. “No way, that’s nuts, not the way housing is. Obama is living in fantasyland,” says Schnapp, who thinks an average growth range of 2.5% to 3% in the three-year period is far more realistic. Her rationale: Aside from a depressed housing market, she points to such economic deterrents as financially strapped state and local governments (which means job cuts or higher taxes), higher energy prices, the June ending of QE2, high unemployment, widespread consumer deleveraging and massive deficits. Meanwhile, some other observers also see serious consequences from the ongoing housing woes. One is Florida investment adviser Martin Weiss, author of a New York Times economic best seller, who referred to housing in a recent promotional commentary on a new book he’s written. In brief: “With home values still sinking, unemployment still high and states across the country announcing major cutbacks, we’re facing bubbles and busts unlike anything we’ve seen in our history.” All of this would seem to have political implications for Obama, now a tad above 50% in the polls. In 2012, the nation will expect a considerably better economy, especially on the employment and housing fronts. Schnapp’s glum housing outlook with its negative economic consequences suggests it may not happen. Since voters vote with their pocketbooks, the worsening housing mess Schnapp is talking about could just possibly derail Obama’s bid for a second term. There is an old saying from sports losers: Wait till next year! “Where housing is concerned,” quips Schnapp, “change that to wait until five years.” What do you think? E-mail me at Dandordan@aol.com.

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