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Showing posts with label barack obama. Show all posts
Showing posts with label barack obama. Show all posts

Saturday, January 07, 2012

Unemployment near three-year low

unemployment in usa
Employed People in USA
WASHINGTON (Reuters) -

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.

Nonfarm payrolls increased 200,000 in December, the Labor Department said on Friday. It was the biggest rise in three months and beat economists' expectations for a 150,000 gain.

The unemployment rate fell from a revised 8.7 percent in November to its lowest level since February 2009, a heartening sign for President Barack Obama whose re-election hopes could hinge on the state of the labor market.

"The labor market is healing, but we still have a long way to go to recoup the losses we have endured. We may be close to a tipping point where gains can become more self-feeding," said Diane Swonk, chief economist at Mesirow Financial in Chicago.

A string of better-than-expected U.S. data in recent weeks has highlighted a contrast between the recovery in the world's biggest economy and Europe, where the economy is widely believed to be contracting.

The jobs data was overshadowed in financial markets by concerns over Europe's debt crisis. U.S. stocks ended mostly down, while Treasury debt prices rose on safe-haven bids.

The dollar rose to a near 16-month high against the euro.

Republican presidential hopefuls have blasted Obama's economic policies as doing more harm than good.

The latest economic signs, however, could offer him some political protection.

The economy added 1.6 million jobs last year, the most since 2006, and the jobless rate, which peaked at 10 percent in October 2009, has dropped 0.6 percentage point in the last four months.

Obama welcomed the news and urged Congress to extend a two-month payroll tax cut through 2012 to help sustain the recovery.

"We're moving in the right direction. When Congress returns they should extend the middle-class tax cut for all of this year, to make sure we keep this recovery going," he said.

LONG ROAD BACK

Employment remains about 6.1 million below its pre-recession level and at December's pace of job growth, it would take about 2-1/2 years to win those jobs back. There are roughly 4.3 unemployed people for every job opening.

Unseasonably mild weather last month helped fuel a hefty gain in construction employment. Courier jobs also rose sharply, a move the Labor Department pinned on strong online shopping for the holiday season.

Those jobs could be lost in January and the unemployment rate might rise as Americans who had abandoned the hunt for work are lured back into the labor market.

The drop in the jobless rate was mostly due to strong hiring. The labor force shrank only modestly.

A broad measure of unemployment, which includes people who want to work but have stopped looking and those working only part time but who want more work, dropped to an almost three-year low of 15.2 percent from 15.6 percent in November.

Still, all told, 23.7 million Americans are either out of work or underemployed.

With the labor market still far from healthy, the debt crisis in Europe unresolved and tensions over Iran threatening to drive up oil prices, the U.S. economy faces stiff headwinds.

FED STILL IN PLAY

Economists predict the recovery will lose a step early this year after expanding in the fourth quarter at what is expected to be the fastest pace in 1-1/2 years.

While the prospect of a further easing of monetary policy was damped a bit by the jobs data, the shaky outlook means a third round of asset purchases by the Federal Reserve remains an option.

"The Fed will be watching for further credible evidence that this improving trend is gaining traction," said Anthony Karydakis, chief economist at Commerzbank in New York.

New York Federal Reserve Bank President William Dudley on Friday suggested the U.S. central bank was still leaning toward buying more bonds to pull borrowing costs lower, describing the recovery as "frustratingly slow" and the unemployment rate as "unacceptably high."

"I believe it is also appropriate to continue to evaluate whether we could provide additional (policy) accommodation," said Dudley.

GOVERNMENT A DRAG

All the job gains in December came from the private sector, where payrolls rose 212,000 - the most in three months.

Government employment contracted 12,000, with most of the drag coming from local government layoffs. However, the pace of government job losses is moderating as some states report revenue growth after years of being in the red.

For all of 2011, the private sector added 1.9 million jobs, while government employment fell 280,000. A measure of the share of industries that showed job gains during the month rebounded to a five-month high in December after diving in November.

Construction payrolls increased 17,000 after falling 12,000 in November as mild weather has boosted groundbreaking for new homes.

Transportation and warehousing employment jumped 50,200. The bulk of the rise came from the messenger industry, which added 42,000 jobs, reflecting an increase in deliveries of online purchases made during the holiday season.

Manufacturing jobs rose 23,000, the largest increase since July. Factory employment rose 225,000 last year, sustaining gains for the first time since 1997.

But there were soft spots in retail, where payrolls growth slowed to 27,900 after hefty gains in November as retailers geared up for a busy holiday shopping season.

Temporary hiring, seen as a harbinger of future hiring, fell for the first time June, dropping 7,500 in December after gaining 11,200.

Hourly earnings rose a modest four cents, indicating that most of the jobs being created are low paying.

This is a potentially troubling sign for consumer spending, which has been largely supported by a reduction in savings, although it also signals a lack of inflation pressure.

"Firms need to grow wages faster if consumption is to accelerate. There is not a lot of appetite to give raises," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

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Wednesday, January 04, 2012

U.S. to unveil "more realistic" plan for military

obama
Barack Obama, US President
(Reuters) - The Obama administration will unveil a "more realistic" vision for the military on Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said on Wednesday.

The strategic review of U.S. security interests will also emphasize an American presence in Asia, with less attention overall to Europe, Africa and Latin America alongside slower growth in the Pentagon's budget, the officials said.

Though specific budget cut and troop reduction figures are not set to be announced on Thursday, officials confirmed to Reuters they would amount to a 10-15 percent decline in Army and Marine Corps numbers over the next decade, translating to tens of thousands of troops.

The most profound shift in the strategic review is an acceptance that the United States, even with the world's largest military budget, cannot afford to maintain the ground troops to fight more than one major war at once. That is a move away from the "win-win" strategy that has dominated Pentagon funding decisions for decades.

The move to a "win-spoil" plan, allowing U.S. forces to fight one campaign and stop or block another conflict, includes a recognition that the White House would need to ramp up public support for further engagement and draw more heavily on reserve and national guard troops when required.

"As Libya showed, you don't necessarily have to have boots on the ground all the time," an official said, explaining the White House view.

"We are refining our strategy to something that is more realistic," the official added.

President Barack Obama will help launch the U.S. review at the Pentagon on Thursday, and is expected to emphasize that the size of the U.S. military budget has been growing and will continue to grow, but at a slower pace.

Obama has moved to curtail U.S. ground commitments overseas, ending the war in Iraq, drawing down troops in Afghanistan and ruling out anything but air power and intelligence support for rebels who overthrew Libyan leader Muammar Qaddafi.

The number of U.S. military personnel formally assigned to bases in Europe - including many now deployed in Afghanistan - is also set to decline sharply, administration sources said, while stressing that the final numbers have not been set.

'BASICALLY DISAPPEAR'


"When some army brigades start coming out of Afghanistan, they will basically disappear," one official said.

Many of the key U.S. military partners in the NATO alliance are also facing tough defense budget cuts as a result of fiscal strains gripping the European Union.

The president may face criticism from defense hawks in Congress, many of them opposition Republicans, who question his commitment to U.S. military strength.

Defense Secretary Leon Panetta and General Martin Dempsey, chairman of the military's Joint Chiefs of Staff, are set to hold a news conference to flesh out the contents of the review after Obama's remarks, which are also expected to stress the need to rein in spending at a time when U.S. budgets are tight.

White House spokesman Jay Carney said that the defense cuts stemming from an August debt ceiling deal - worth about $489 billion over 10 years - need to be enacted carefully.

"The president made clear to his team that we need to take a hard look at all of our defense spending to ensure that spending cuts are surgical and that our top priorities are met," Carney told reporters this week.

The military could be forced to cut another $600 billion in defense spending over 10 years unless Congress takes action to stop a second round of cuts mandated in the August accord.

Panetta spent much of Wednesday afternoon briefing key congressional leaders about the strategic review. Representative Adam Smith, the senior Democrat on the House of Representatives Armed Services Committee, said after speaking to Panetta that the review was an attempt to evaluate U.S. strategic priorities for the future rather than identify specific budget reductions.

Maintaining a significant presence in the Middle East and Asia, especially to counter Iran and North Korea, was a leading priority in the review, Smith said. So was making sure that military personnel are sufficiently cared for to guarantee the effectiveness of the all-volunteer force. Reductions in the size of U.S. forces in Europe and elsewhere are a real possibility, he said.

Pentagon spokesman Navy Captain John Kirby said with the military winding down a decade of war in Afghanistan and Iraq, it is appropriate to re-evaluate the role of U.S. forces abroad.

"From an operational perspective it's ... an opportune time to take a look at what the U.S. military is doing and what it should be doing or should be preparing itself to do over the next 10 to 15 years," he said on Wednesday.

"So, yes, the budget cuts are certainly a driver here, but so quite frankly are current events," Kirby said.




Saturday, December 31, 2011

Romney leads Paul in Iowa poll, Santorum surges

united states
Romney
(Reuters) - Republican Mitt Romney narrowly leads rival Ron Paul in Iowa three days before the state kicks off the party's presidential nominating race, according to a Des Moines Register poll released on Saturday.

The closely watched poll, which has a strong track record in Iowa races, showed Rick Santorum surging past Newt Gingrich into third place in a fluid race where 41 percent of likely caucus-goers said they could still change their minds.

The newspaper's poll, conducted Tuesday through Friday, showed Romney with 24 percent support, Paul with 22 percent, Santorum with 15 percent and Gingrich 12 percent. In fifth place was Rick Perry with 11 percent while Michele Bachmann was sixth with 7 percent.

The poll was released as candidates launched the final stretch run for Tuesday's contest in Iowa, the first in the state-by-state battle to choose a Republican challenger to Obama, a Democrat, in the November election.

The results were a huge boost to Romney, who has resumed his front-runner's role in the Republican presidential race in the last few weeks after the slide of Gingrich.

A victory for Romney in Iowa, combined with a win in the next contest on January 10 in New Hampshire could put the former Massachusetts governor on a path to clinching the Republican nomination early.

But Santorum was the candidate with the momentum. The Register poll was taken over a four-day period and the newspaper said that in the final two days of that period, Santorum was in second place with 21 percent. Romney stayed the same at 24 percent.

The poll was more bad news for Gingrich, the former House speaker who led the race a few weeks ago but has faded under an onslaught of attack ads from Paul and an outside group that backs Romney.

At a stop in Iowa earlier on Saturday, Gingrich said he would adjust his campaign strategy to respond more forcefully to the attacks.

'NASTIER AND DISHONEST'

"We're learning a lot about what our opponents will do. They are nastier and more dishonest than I expected. So we'll have to make some adjustments," Gingrich said in Atlantic, Iowa.

But Gingrich said he would not respond directly to negative ads run by the group that supports Romney.

"We may go to a much more clearer contrast but we're not going to respond in kind," Gingrich said. "Those ads are dishonest and he knows it. They are factually false and he knows it. And we're not doing anything like that."

The candidates rolled across Iowa in buses on Saturday, stopping at coffee shops, restaurants and even a car museum to try to win over doubters and energize supporters to turn out to the caucuses.

In Iowa's quirky caucus system, voters gather to cast ballots in public meetings after listening to pitches on behalf of the candidates.

Paul, known for his libertarian views, is taking the holiday weekend off in Texas before returning to Iowa on Monday.

Santorum, a former U.S. senator from Pennsylvania with a strong social conservative message, is trying to unite Iowa's influential evangelical Christian voters behind him and score an upset with a surge in the final days.

"If you really want to transform America, it has to be about values, faith and freedom," he told a crowd in Knoxville, Iowa.

Gingrich, along with Santorum, Bachmann and Jon Huntsman, also joined a lawsuit already filed by Perry against Virginia's Board of Elections to qualify for the state's 2012 primary election.

Romney and Paul were the only candidates who managed to submit the required 10,000 verifiable signatures collected by registered voters in the state in order to get on Virginia's ballot for its March 6 primary.


News by Reuters


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Friday, December 23, 2011

Congress punts hard payroll tax work to 2012

barack obama
Barack Obama
(Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a year of fierce partisan combat over taxes and spending that will resume in January and play heavily in the 2012 elections.

The Senate and the House of Representatives, by voice votes in chambers nearly emptied for the holidays, passed a $33 billion (21 billion pounds) bill to keep the payroll tax rate at 4.2 percent through February. It had been scheduled to increase on January 1 to 6.2 percent. Obama swiftly signed the bill.

"We have a lot more work to do," the president said at the White House. "This continues to be a make-or-break moment for the middle class ... There are going to be some important debates next year."

Obama heads to vacation in Hawaii with an important political win in his portfolio after he and fellow Democrats prevailed in the message war by backing lower taxes for middle-class Americans in the midst of a fragile economic recovery.

The battle took a toll on House Republicans led by Speaker John Boehner, who were forced to make an embarrassing retreat and agree to a short-term deal Thursday after getting hit by critics on all sides, include their colleagues in the Senate.

The temporary fix lets lawmakers lower the curtain, for now, on a year of political deadlock that in the end produced only a series of inconclusive truces. The fiscal policy debate is set to rage straight through the 2012 election season and beyond.

While Congress is on a long winter break now and does not return to full swing until late January, newly appointed negotiators are expected to begin work soon on figuring out how to pay for extending the payroll tax cut through 2012.

Republicans have sought a continued freeze on federal worker pay and cuts in Medicare benefits for the wealthy. Democrats have rejected both ideas while proposing a surtax on the wealthy to cover the extension's cost. Republicans reject this.

Both sides have been open to cutting federal workers' pension benefits. There also were last-minute Senate negotiations last week on possibly ending some tax breaks for the wealthy, such as a small one involving corporate jets.

Minutes after the bipartisan deal was passed by Congress, the bickering that has come to dominate Capitol Hill resumed.

Republican Representative Tom Price, a leader of House conservatives, immediately criticized the short-term extension, calling it a "two-month punt" and saying it would not have been needed if Senate Majority Leader Harry Reid, a Democrat, and Obama had "been willing to do their job today."

'NOTHING OFF THE TABLE'

In a sign that the battle is far from over, Reid signaled that Democrats could renew their push for a surtax on wealthier Americans. Democrats had dropped that demand during the year-end negotiations that produced the two-month deal.

"There is nothing off the table," he said.

Obama scored a victory in the payroll tax struggle over Tea Party conservatives in the House who tried to block the two-month extension. They backed down on Thursday in the face of bipartisan criticism, but they are not going away.

Representative Tim Huelskamp, a first-term Republican, said on CNN that he was disappointed with Republican leadership caving in to pressure and accepting the two-month deal.

Next year could be a rough one for Boehner, the top House Republican, said Norm Ornstein, a scholar at the American Enterprise Institute, a conservative think tank.

Boehner spent 2011 having to negotiate with many of his own party members on just about every major piece of legislation.

Now that House Republicans have had to go along with Democrats in the payroll tax debate, "the idea that this group of angry Tea Party Republicans, who feel betrayed, now will go along or that Boehner will be more capable of defying them is a little bit wrong-headed," Ornstein said.

Meanwhile, Democrats might be emboldened, believing "they've learned to play poker," he added.

Patrick Griffin, associate director Of American University's Center for Congressional and Presidential Studies, said House Republicans "overplayed their hand. How they interpret that lesson will be very interesting."

Any edge conferred on Democrats might be short-lived, however. The 2012 election cycle is just set to kick off with the Iowa Republican presidential caucus on January 3 and a long road lies ahead until voters go to the polls in November.

The payroll tax funds the Social Security retirement pension system. If it had been allowed to rise, the increase would have hit the wallets of 160 million working Americans.

The $33 billion needed to pay for the two-month extension will be raised by increasing fees charged by housing finance giants Fannie Mae and Freddie Mac for guaranteeing mortgages.

Analysts said the fee hike, which investors will likely pass along to borrowers, could raise financing costs for mortgages, but probably not enough to slow a housing market recovery.

Unemployment benefits set to expire soon were extended as well, while cuts in payments to doctors who treat patients in the government-backed Medicare health insurance program for the elderly were postponed, under the bill signed by Obama.

Also included in it was a Republican initiative aiming to force the administration into fast approval of an oil pipeline opposed by environmentalists and many Democrats. The provision gives Obama 60 days to either approve TransCanada's Keystone XL pipeline from Canada to Gulf of Mexico facilities in Texas, or declare it not in the national interest.

Obama wants more time to evaluate the environmental impact of routing the pipeline through sensitive areas of Nebraska. The White House has said that if pushed for a decision within 60 days, the administration would be forced to reject the project.

Not extending the payroll tax cut, analysts warned, could have jeopardized the recovery, even risking another recession.

The modest two-month fix drew fire from some businesses that said it will complicate payroll processing and tax planning.

The payroll situation "could get more confusing," said Robert Gard, an accountant with Gard and LaFreniere LLC in Alpharetta, Georgia. If the tax is not extended at the end of February, businesses will need to reprogram software, he said.



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Sunday, December 18, 2011

Last U.S. troops leave Iraq, ending war

us army
Last U.S. convoy leaves Iraq
(Reuters) - The last convoy of U.S. soldiers pulled out of Iraq on Sunday, ending nearly nine years of war that cost almost 4,500 American and tens of thousands of Iraqi lives and left a country grappling with political uncertainty.

The war launched in March 2003 with missiles striking Baghdad to oust President Saddam Hussein closes with a fragile democracy still facing insurgents, sectarian tensions and the challenge of defining its place in an Arab region in turmoil.

The final column of around 100 mostly U.S. military MRAP armored vehicles carrying 500 U.S. troops trundled across the southern Iraq desert from their last base through the night and daybreak along an empty highway to the Kuwaiti border.

Honking their horns, the last batch of around 25 American military trucks and tractor trailers carrying Bradley fighting vehicles crossed the border early Sunday morning, their crews waving at fellow troops along the route.

"I just can't wait to call my wife and kids and let them know I am safe," Sgt. First Class Rodolfo Ruiz said as the border came into sight. Soon afterwards, he told his men the mission was over, "Hey guys, you made it."

For U.S. President Barack Obama, the military pullout is the fulfillment of an election promise to bring troops home from a conflict inherited from his predecessor, the most unpopular war since Vietnam and one that tainted America's standing worldwide.

For Iraqis, though, the U.S. departure brings a sense of sovereignty tempered by nagging fears their country may slide once again into the kind of sectarian violence that killed many thousands of people at its peak in 2006-2007.

Prime Minister Nuri al-Maliki's Shi'ite-led government still struggles with a delicate power-sharing arrangement between Shi'ite, Kurdish and Sunni parties, leaving Iraq vulnerable to meddling by Sunni Arab nations and Shi'ite Iran.

The intensity of violence and suicide bombings has subsided. But a stubborn Sunni Islamist insurgency and rival Shi'ite militias remain a threat, carrying out almost daily attacks, often on Iraqi government and security officials.

Iraq says its forces can contain the violence but they lack capabilities in areas such as air defense and intelligence gathering. A deal for several thousand U.S. troops to stay on as trainers fell apart over the sensitive issue of legal immunity.

For many Iraqis, security remains a worry - but no more than jobs and getting access to power in a country whose national grid provides only a few hours of electricity a day despite the OPEC country's vast oil potential.

U.S. and foreign companies are already helping Iraq develop the world's fourth-largest oil reserves, but its economy needs investment in all sectors, from hospitals to infrastructure.

"We don't think about America... We think about electricity, jobs, our oil, our daily problems," said Abbas Jaber, a government employee in Baghdad. "They (Americans) left chaos."

GOING HOME

After Obama announced in October that troops would come home by the end of the year as scheduled, the number of U.S. military bases was whittled down quickly as hundreds of troops and trucks carrying equipment headed south to Kuwait.

U.S. forces, which had ended combat missions in 2010, paid $100,000 a month to tribal sheikhs to secure stretches of the highways leading south to reduce the risk of roadside bombings and attacks on the last convoys.

Only around 150 U.S. troops will remain in the country attached to a training and cooperation mission at the huge U.S. embassy on the banks of the Tigris river.

At the height of the war, more than 170,000 U.S. troops were in Iraq at more than 500 bases. By Saturday, there were fewer than 3,000 troops, and one base - Contingency Operating Base Adder, 300 km (185 miles) south of Baghdad.

At COB Adder, as dusk fell before the departure of the last convoy, soldiers slapped barbecue sauce on slabs of ribs brought from Kuwait and laid them on grills beside hotdogs and sausages.

Earlier, 25 soldiers sat on folding chairs in front of two armored vehicles watching a five-minute ceremony as their brigade's flags were packed up for the last time before loading up their possessions and lining up their trucks.

The last troops flicked on the lights studding their MRAP vehicles and stacked flak jackets and helmets in neat piles, ready for the final departure for Kuwait and then home.

"A good chunk of me is happy to leave. I spent 31 months in this country," said Sgt. Steven Schirmer, 25, after three tours of Iraq since 2007. "It almost seems I can have a life now, though I know I am probably going to Afghanistan in 2013. Once these wars end I wonder what I will end up doing."

NEIGHBOURS KEEP WATCH

Iran and Turkey, major investors in Iraq, will be watching with Gulf nations to see how their neighbor handles its sectarian and ethnic tensions, as the crisis in Syria threatens to spill over its borders.

The fall of Saddam allowed the long-suppressed Shi'ite majority to rise to power. The Shi'ite-led government has drawn the country closer to Iran and Syria's Bashar al-Assad, who is struggling to put down a nine-month-old uprising.

Iraq's Sunni minority is chafing under what it sees as the increasingly authoritarian control of Maliki's Shi'ite coalition. Some local leaders are already pushing mainly Sunni provinces to demand more autonomy from Baghdad.

The main Sunni political bloc Iraqiya said on Saturday that it was temporarily suspending its participation in the parliament to protest against what it said was Maliki's unwillingness to deliver on power-sharing.

A dispute between the semi-autonomous Kurdish region and Maliki's central government over oil and territory is also brewing, and is a potential flashpoint after the buffer of the American military presence is gone.

"There is little to suggest that Iraq's government will manage, or be willing, to get itself out of the current stalemate," said Gala Riani, an analyst at IHS Global Insight.

"The perennial divisive issues that have become part of the fabric of Iraqi politics, such as divisions with Kurdistan and Sunni suspicions of the government, are also likely to persist."




Thursday, December 15, 2011

Obama Family Photo 2011: All Smiles!

barack obama with family
Barack Obama with family
A brand new family portrait was released on the White House's Flickr feed today (yes, the White House has a Flickr -- how awesome is that?) It seems the president carved out some time to sit, relax and embrace the lovely Obama ladies for the family's second official portrait.

Like the first one, shot by Anne Leibovitz in 2009, Malia and Michelle sat together on one side and Sasha and Barack together on the other. Unlike 2009, however, this picture is all about bright color: Malia in blue, Sasha in purple and Barack in navy and pink (and this time, the president looks a tad more formal in a jacket).

While we don't (yet) know where Michelle got her black cap-sleeve dress, we're loving Malia's navy and black frock from Anthropologie (we know it must fit the tall teen perfectly, considering we tried it on last weekend and it hung well below our knees).

The whole family looks lovely and happy, leaving us with only one little objection...
News by Huffingtonpost




Monday, December 12, 2011

U.S. wants drone back from Iran, Obama says

obama
Barack Obama, US President
President Barack Obama said Monday that the United States has asked Iran to return a U.S. drone aircraft that Iran claims it recently brought down in Iranian territory.

"We've asked for it back. We'll see how the Iranians respond," Obama said in a news conference.

The president's comments come one day after it was reported that an Iranian official said the country would not return the drone.

"No nation welcomes other countries' spy drones in its territory, and no one sends back the spying equipment and its information back to the country of origin," said Gen. Hossein Salami, deputy commander of the Armed Forces, according to the semi-official Fars news agency.

"It makes no difference where this drone originated and which group or country sent it to invade our air space," Salami said. "This was an act of invasion and belligerence."


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Monday, December 05, 2011

Obama Urges Congress To Extend Payroll Tax Cut

barack obama
Barack Obama, President of U.S.
WASHINGTON — President Barack Obama pressured Republicans in Congress on Monday to extend a payroll tax cut, saying the economic recovery is "still fragile" and middle class families need the money.

"My message to Congress is this: Keep your word to the American people and don't raise taxes on them right now. Now's not the time to slam on the brakes. Now's the time to step on the gas," Obama said at the White House. He said despite a decline in the unemployment rate to 8.6 percent in November, "our recovery is still fragile" and the nation's economy could be hurt by economic turbulence in Europe.

The president has been seeking an extension and expansion to the payroll tax cut that will expire at the end of the year. The White House says taxes on the average family would increase by $1,000 if the cuts are not extended.

To make its point, the White House went so far as to put up a countdown clock during spokesman Jay Carney's briefing to show when middle-class taxes would go up "if Congress doesn't act."

Some Republicans in Congress support the extension but the parties have been split on how to pay for it. Obama noted that House Speaker John Boehner, R-Ohio, and Senate Republican Leader Mitch McConnell have expressed support for the extension, adding, "I hope the rest of their Republican colleagues come around."

Brendan Buck, a Boehner spokesman, said there was widespread support for extending the payroll tax cuts but if "the president wants to make progress he should insist that Senate Democrats remove the job-killing small business tax hike from their partisan proposal."

Senate Democrats have rolled out a compromise that would drop Obama's proposal to award the tax cut to employers, bringing the cost of the plan down.

Obama also said for Congress to end its work this year without extending unemployment insurance would be a "terrible mistake" and leave "1.3 million Americans out in the cold."

The White House has called for an extension of benefits that can cover up to 99 weeks for the long-term jobless. State unemployment insurance programs guarantees coverage for six months, but Congress approved additional benefits in 2008. Expiration of those payments would mean an average loss of nearly $300 in weekly income for more than 1 million households in January.

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Wednesday, November 16, 2011

Obama tells Asia U.S. "here to stay" as Pacific power

barack-obama
Barack Obama, U.S. President
(Reuters) - President Barack Obama announced on Thursday that the U.S. military would expand its role in the Asia-Pacific region, despite budget cuts, declaring America was "here to stay" as a Pacific power which would help shape the region's future.

China has voiced misgivings about Obama's announcement of fresh troop deployments to Australia and has longstanding fears that its growing power could be hobbled by U.S. influence. But Beijing has also stressed that conflict is in nobody's interest.

Obama addressed the Chinese unease, pledging to seek greater cooperation with Beijing.

The U.S. military, turning its focus away from Iraq and Afghanistan, would be more broadly distributed in Asia, particularly Southeast Asia, more flexible and help build regional capacity, Obama told the Australian parliament.

"As we end today's wars, I have directed my national security team to make our presence and missions in the Asia Pacific a top priority," Obama said in a major speech on Washington's vision for the Asia-Pacific region.

"As a result, reductions in U.S. defense spending will not -I repeat, will not - come at the expense of the Asia Pacific."

Obama was clear in acknowledging China's discomfort at what it sees as attempts by Washington to encircle it.

"We'll seek more opportunities for cooperation with Beijing, including greater communication between our militaries to promote understanding and avoid miscalculation," he said.

Nervous about China's growing clout, U.S. allies such as Japan and South Korea have sought assurances from the United States that it would be a strong counterweight in the region.

A first step in extending the U.S. military reach into Southeast Asia will see U.S. marines, naval ships and aircraft deployed to northern Australia from 2012.

China has questioned the new U.S. deployment, raising doubts whether strengthening such alliances helped the region pull together at a time of economic gloom.

Obama said the United States would seek to work with China to ensure economic prosperity and security in the region, but would speak candidly about issues such as human rights in China and raise security issue like the South China Sea.

China claims the South China Sea, a vital shipping route rich in oil, minerals and fishery resources. But Vietnam, the Philippines, Taiwan, Malaysia and Brunei hold rivals claims to at least parts of the sea, sparking maritime stand-offs.

U.S. Secretary of State Hillary Clinton pointedly visited the Philippines on Wednesday, saying that no claimant should resort to intimidation to push its cause.

Obama also referred in his address to reforms undertaken by Myanmar's new civilian leaders, including the release of political prisoners. But he said they had to do more on human rights in order to secure better relations with Washington.

Rory Medcalf, security analyst at the Lowy Institute for International Policy in Sydney, said Obama's speech marked a hardening of policy toward China, though he noted that the president was still reaching out to Beijing.

"I think we are seeing a firm stance from Obama. He spent the first year of his presidency trying very hard to engage with China, perhaps even to accommodate China," said Medcalf.

"I think he feels that he was rebuffed and that he was in effect taken advantage by China. So, there is a fundamental reorienting of American policy on display here."

U.S. SEEKS MORE FLEXIBLE FORCES IN ASIA

The winding down of wars in Afghanistan and Iraq has opened the door to greater U.S. attention to simmering tension over the South China Sea, a shipping lane for more than $5 trillion in annual trade that the United States wants to keep open.

Obama and Australian Prime Minister Julia Gillard on Wednesday agreed to have 2,500 U.S. Marines operate out of a de facto base in the northern port of Darwin by 2016.

The United States has military bases and large forces in Japan and South Korea, but its presence in Southeast Asia was dramatically reduced in the early 1990s with the closure of bases at Clark Field and Subic Bay in the Philippines.

Deploying U.S. Marines, ships and aircraft in Darwin, only 820 km (500 miles) from Indonesia, will allow the United States to quickly reach into Southeast Asia and the Indian Ocean to ensure secure major trade sea-lanes.

Obama cited increased U.S. naval ship visits and training in the Philippines and Singapore, working with Indonesia to fight piracy, partnering Thailand for disaster relief, and significantly, acknowledged India's role in region security.

Washington welcomed "India as it 'looks east' and plays a larger role as an Asian power.

"We'll have new opportunities to train with other allies and partners, from the Pacific to the Indian Ocean," he said.

Medcalf said: "It will be a landmark speech of Obama's presidency. It states unequivocally that the U.S. is squarely focusing its strategic attention on Asia. Its defining that Asia as including the Indian Ocean and India."

In a note to his domestic audience, Obama said the increased focus on Asia-Pacific was essential for America's economic future.

"As the world's fastest-growing region-and home to more than half the global economy-the Asia Pacific is critical to achieving my highest priority: creating jobs and opportunity for the American people," he said.

Obama will fly to Bali late on Thursday, where he will seek to underscore a focus on Asia by becoming the first U.S. president to participate in the security East Asia Summit.

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Monday, November 14, 2011

Obama administration launches $1 billion healthcare drive

barack obama
Barack Obama
(Reuters) - The Obama administration on Monday said $1 billion of federal funds allocated in last year's health reform law will go toward innovation programs designed to boost jobs and improve patient care.

The announcement is the administration's latest attempt to show that it is working outside of a deeply divided Congress to create jobs.

The administration will award grants in March to people who come up with the best ideas to lift care and save money for those enrolled in the federal healthcare programs Medicare, Medicaid and the Children's Health Insurance Program.

However, the administration did not say how many jobs the measure would create.

Don Berwick, head of the Centers for Medicare and Medicaid Services, said a good example includes the Baylor Heart Hospital in Dallas which has worked to lower readmission rates for congestive heart failure.

"With the healthcare innovation challenge, we're going straight to the source," Berwick said during a news conference for the announcement.

"We want to find them, we want to help them, we want to spread what they know and what they've learned."

The $1 billion of awards will cut into the $10 billion that Congress set aside in the Affordable Care Act to fund a new CMS Innovation Center. The center is meant to promote better care and health at reduced costs by identifying, testing and spreading new models of care and payment.

To get a grant, projects must start within six months and the program will concentrate on those ideas that spur the most hiring and workforce training, the Department of Health and Human Services said.

Awards will range from around $1 million to up to $30 million and be spread over three years. Applications are open to providers, payers, local government, community organizations and public-private partnerships.

Separately on Monday, the Supreme Court agreed to decide the legal fate of Obama's healthcare law, with an election-year ruling due by July.

JOB POLITICS

President Barack Obama has been aggressively promoting programs that hold potential to boost hiring, amid 9 percent U.S. unemployment which will hurt his re-election chances next year unless job creation improves.

Republican lawmakers have held up passage of most of a $447 billion jobs bill that Obama proposed in September, and which Democrats want funded by a tax on millionaires.

So far, only two modest proposals in the package have been approved by the Senate with Republican support.

Republicans in the U.S. House of Representatives have meanwhile passed a number of measures to boost jobs, but these have yet to be taken up by the Democratic-controlled Senate.

Asked how many jobs the grants would create, Dr. Rick Gilfillan, acting director of the Center for Medicare and Medicaid Innovation, said: "This is not about a specific number. This is about recognizing that there are going to be more people involved in healthcare" as the population ages.

"The question is what are they going to be doing," he said, adding that the program would help identify high-value jobs in healthcare and help train people for them.

Some Republicans have questioned the innovation center's approach.

"We are concerned that at a time of significant uncertainty for the fiscal health of the U.S. government, funds are being expended by the Innovation Center with little to no actual value provided," three Republicans on the Senate Finance Committee wrote to Health and Human Service Secretary Kathleen Sebelius last week.

Senators Orrin Hatch, the top Republican on the committee, Mike Enzi and Tom Coburn said the innovation center received $10 billion in federal funding but has not yet produced recommendations or implemented any reforms.

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Sunday, November 13, 2011

Obama officially open the summit of the Asia-Pacific to Hawaii

obama
Barack Obama
AFP - U.S. President Barack Obama officially opened Sunday the summit of the Forum on Asia-Pacific Economic (APEC) in Hawaii, dominated by a proposed free trade area comprising half of the 21 member countries. "We now have the opportunity to move toward our ultimate goal: a regional economy without hindrance," said Obama, who announced Saturday an agreement on the outline of a proposed free trade agreement between 10 countries Asia-Pacific.

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Obama ready to show unbelievers the hospital where he was born

Barack Obama
Barack Obama
AFP - U.S. President Barack Obama joked Saturday about the controversy surrounding his birthplace, enjoying his return to Honolulu, her hometown, to offer unbelievers to show them the hospital where he was born. "I want to thank our hosts for their warm hospitality Hawaiian," Obama said to an audience of business leaders meeting in the margins of the Forum of Asia-Pacific Economic Cooperation (Apec). "As many of you know, this is my birthplace," said Bush. "I know that the thing has been challenged for a while, but I can show you the hospital, if you want to check it out," he said as the laughter and applause from the audience.

Obama has had to resolve in April to publicly release a copy of their birth certificate establishing that he was born in Honolulu Aug. 4, 1961, following a controversy fueled by growing some of his opponents. The latter asserted that Mr. Obama, born of Kenyan father, was not born on American soil and therefore could not claim to be President of the United States. Obama also joked about the formalism of the APEC summit that was held to organize in his hometown with the leaders of 21 Pacific Rim countries. "I must say that after all the years I spent in Hawaii, is the first time I find myself wearing a suit," he said.

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Tuesday, November 08, 2011

Sarkozy addresses Netanyahu of "liar" to Obama in private

sarkozy-obama
Sarkozy-Obama
AFP - Nicolas Sarkozy has called Israeli Prime Minister Benjamin Netanyahu of "liar" during a private conversation, November 3 at the G20 in Cannes, with Barack Obama, who answered duty "to deal with it every day," says Freeze website images. "I can not see, is a liar," he told the French president. "You're tired of it, but I have to deal with it every day!" Replied his American counterpart, depending on the site that specializes in media analysis, which reports their words without specifying whether there is a sound recording of these statements. Sarkozy-Obama Exchange, held in camera, should have remained confidential but reached the ears of journalists incidentally, as Stop on images.

The organization released to the media with a small lead boxes to the translation of the press conference Obama-Sarkozy, some journalists have quickly connected headphones or headsets cell phone, managing to capture some echoes of the private conversation depending on the site. Questioned by AFP, several journalists have confirmed this. "I am aware of the buzz. We must see what is the reality of the thing. I have no idea. I will not comment on that. We are on the buzz," responded the carrier word of the French Ministry of Foreign Affairs, Bernard Valero, asked during a press briefing, journalists and referring to the Presidency of the Republic for which it "confirm or deny" those words.

"All this makes us lose sight of the essential. All we want is to keep working to get things done because things are not moving" towards peace in the Middle East, said M . Valero, adding he had no knowledge of reactions so far. In Israel, Netanyahu's office was immediately refrained from any reaction, as well as the Israeli Ministry of Foreign Affairs. The correspondent of the Israeli public radio in France, Gideon Kutz, who covered the summit in Cannes, for his part said that his colleagues who have heard about the private exchanged by MM. Sarkozy and Obama had agreed not to do is "by correction and not to embarrass the Press" at the Elysee.

Freeze frame still says, without citing specific statements that Barack Obama would be criticized for Nicolas Sarkozy in the interview for not having warned that France would vote in favor of the accession of Palestine to UNESCO, while the United States were strongly opposed.
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Friday, November 04, 2011

Sarkozy praised Obama covers a prime time

sarkozy-obama
sarkozy-obama
AFP - U.S. President Barack Obama Friday highly praised his French counterpart Nicolas Sarkozy and exalted "the long-standing friendship" between Washington and Paris, in an interview published crossover novel to prime time, newspapers the nightly TV TF1 and France 2. The two presidents were installed for the occasion in the municipality of Cannes, a city which hosted Thursday and Friday as a festival hall the G20 meeting, the annual forum of the twenty largest economies, this year phagocytosed by the debt crisis in the euro area including Greece. MM. Sarkozy and Obama attended the G20.

"Given the fact that we worked together, Nicolas and I have excellent relations, we have always had. This follows from the fact that we share responsibilities, we are fighting the same in a very difficult time," Obama said. He said: "Nicolas has always been an open partner, who works a lot with a lot of energy. Whether on economic issues, issues related to safety, it was an absolutely essential partner". The U.S. president also assured that "we could not have succeeded in Libya without the leadership of Nicolas and NATO, we would not be in a position so strong in Afghanistan without the leadership of Nicolas Sarkozy as well as other partners in our coalition. "

"Nicolas Sarkozy" is someone who has lots of energy, and someone who does not like losing, so it will give that power to any campaign possible, "he thought Obama about his counterpart which, in all probability should be a candidate to succeed himself in 2012. He did not, however, mentioned that he was himself a candidate for re-election, to one year in the U.S. presidential election of 2012 . The relationship between France and the United States goes "beyond the relationship between the two leaders" and "Americans have a huge respect for the longstanding friendship between our two countries," Obama said .

President Sarkozy is also full of praise to his U.S. counterpart, "a man can be convinced" and "a brave man." "The friendship between France and the United States is crucial but friendship is not only the good times," said Sarkozy. Mr Sarkozy has been particularly welcomed the fact that Obama is, he says, "the first president of the United States to take a step towards a taxation of financial players. I am grateful," he said.

Friday, October 28, 2011

Obama urges Europeans to erect a "firewall" to contain the crisis

barack obama
Barack Obama
AFP - U.S. President Barack Obama urges Europeans to implement their plan against the crisis of debt and to erect a "firewall" to prevent its contagion, in an article published in the Financial Times on Friday. "It is important to us all that this strategy is implemented successfully - including building a firewall that prevents credible crisis expanding, strengthening of European banks, the outline of a viable path for Greece and the resolution of structural problems in the heart of the current crisis, "Obama wrote in the British financial daily. The euro area has come to buckle pain Thursday morning at an anti-crisis plan intended to ensure its survival.
An agreement was reached with the banks covering a waiver of 50% of their claims, or 100 billion euros. In return for the effort required for the banking sector, an agreement was reached to recapitalize institutions in need.

In addition, European leaders have decided to leverage the power of their fire relief fund for countries in financial difficulty in bringing it to 1,000 billion euros in the first place. This envelope should prevent the debt crisis earns Italy and Spain. China is considering investing in this fund, although it warned earlier Friday she was waiting for clarification. Without explicitly naming the country, Obama is claiming in the forum "greater flexibility in exchange rates, including exchange rates that are based on the market." The United States regularly accuse China of manipulating its currency to boost exports.

Tuesday, October 25, 2011

Obama acts to ease burden of student loans.

Barack Obama
(Reuters) - President Barack Obama is taking steps to ease the burden of student loans, the White House said on Tuesday, potentially helping millions of cash-strapped college graduates in a tough economy.

Obama plans to accelerate a plan to cap student loan payments at 10 percent of income, bringing it forward to start in 2012 instead of 2014.

"Steps like these won't take the place of the bold action we need from Congress to boost our economy and create jobs, but they will make a difference," he said in a statement.

The loans initiative will be the third such move by Obama in as many days, following action to aid homeowners and boost hiring of military veterans. The White House wants to show he is an activist president battling a "do-nothing" Congress.

The loan changes do not require approval by Congress.

Republican lawmakers blocked a $447 billion jobs plan put forward by Obama last month because it raises some taxes.

Students helped push Obama into the White House in 2008. As he campaigns for reelection in 2012, Obama's public approval ratings have fallen near 40 percent, the low of his presidency, because of discontent with his economic stewardship.

Americans owe more on student loans than on outstanding credit card debt, and total loans outstanding are slated to exceed $1 trillion this year, according to the Federal Reserve Bank of New York.

The rise in private student lending and growing debt defaults have also been highlighted by the Occupy Wall Street protesters.

Obama will announce the student loan measure in Denver on Wednesday as he wraps up a swing through western states that will be vital to his re-election campaign in 2012.

The White House estimates the loan changes could cut monthly payments for 1.6 million graduates.

Student debt will also be forgiven after 20 years, compared with 25 years under current law.

More than 36 million Americans have federal student loan debt, but only 450,000 have so far taken advantage of the existing income-based repayment program.

Obama will also make changes to allow 6 million students to bundle together certain federal loans to allow a single monthly payment, reducing the risk of default caused by juggling multiple debt obligations.

The option will be open from January and those that take it up will also get a 0.5 percentage point cut in the interest rate on some of their loans, lowering monthly payments and potentially saving them hundreds of dollars in interest.

"College graduates are entering one of the toughest job markets in recent memory, and we have a way to help them save money by consolidating their debt and capping their loan payments," said Secretary of Education Arne Duncan.

Friday, October 21, 2011

Obama announces withdrawal of U.S. troops by the end of 2011.

barack-obama
Barack Obama
AFP - President Barack Obama said Friday the withdrawal of some American soldiers 39,000 still stationed in Iraq by the end of the year, ending nearly nine years of conflict initiated by his predecessor George W . Bush in March 2003. "Today, I am able to announce, as promised, the rest of our troops in Iraq will return by the end of the year. After nearly nine years, the war waged by the United in Iraq is over, "Obama said in a speech at the White House. Obama's announcement came after a video conference between him and Iraqi Prime Minister Nouri Al-Maliki and the failure of negotiations to keep U.S. troops there.

"The views of the two leaders were identical on the need to initiate a new phase of strategic relationships, having completed the withdrawal (of U.S. troops) to a specific date at the end of the year," Maliki responded in a statement released by his office. The date of departure of the troops at the end of the year was already the subject of an agreement reached in 2008 between the two countries. But Washington and Baghdad traded in order to maintain a contingent of several thousand men to train Iraqi soldiers.

Talks stumbled including the legal status of U.S. troops after 2011. Washington demanded complete immunity for its soldiers, making them immune from prosecution in Iraq, Baghdad denied that. This is a "major obstacle" in negotiations with Baghdad had acknowledged Monday a senior U.S. defense. 

The Iraqi Shiite radical leader Moqtada Sadr had acceptable Wednesday that U.S. military trainers remain in Iraq beyond the end of the year provided that the U.S. military withdraws completely and that the United States pay a "compensation" to Iraq. "We are still opposed to the U.S. presence in Iraq," Sadr launched into his speech. "We see it as an occupation. Maintain American trainers in Iraq in part," he stressed.

The announcement of Mr. Obama comes after the "deactivation" of the division of North American device in Iraq in the heart of a conflict between the central authorities of the country and those of the autonomous region of Kurdistan. This conflict is often described by Americans as one of the major risks to long-term stability of Iraq and Iran's influence in this country also Shiite majority. The United States has another 18 bases in the country. 

Obama announced that Mr. al-Maliki would travel to the White House in December, when the two countries will resume normal relations between sovereign states. Mr. Obama recalled that he had campaigned in 2008 against the intervention of his country in Baghdad. He has sent tens of thousands of troops as reinforcements in Afghanistan, whose first preparing to leave the country as part of a transfer of security to Afghan forces.

"The United States argued in a strong position," assured the president. "The long war in Iraq will end by the end of the year. The transition takes shape in Afghanistan and our troops to come home at last," he said. George W. Bush had started the invasion of Iraq in 2003 without the backing of the United Nations officially put out of harm's weapons of mass destruction that the dictator Saddam Hussein was supposed to possess. These weapons will never be found and Saddam Hussein was finally captured by U.S. forces in December 2003 and executed by the Iraqi judiciary in 2006. The war has killed at least 4,000 deaths in the ranks of the coalition assembled by the United States and at least 100,000 dead, according to various estimates, the Iraqi people.

The Senate rejected a measure of the Obama plan for jobs.

barack-obama
Barack Obama

AFP - The U.S. Senate on Thursday rejected a measure of the plan President Barack Obama's job to assist the states to hire new teachers, rescue workers and police officers at a cost of $ 35 billion. We had 60 votes to allow an examination of the text. However, only 50 senators voted in favor and 50 against, in the upper chamber where Democrats predominate but where Republicans have a blocking minority. The Republicans opposed the measure because the Senate Democrats plan to finance it by a tax increase for millionaires.

On October 11, the Senate had already rejected the president's plan as a whole, is a measure to stimulate growth and employment amounting to 447 billion dollars. The president and his Democratic allies in the Senate are referred for adoption action plan piece by piece. But the Republican minority blocking has not wavered Thursday night by blocking the road again to the project of President Obama, rallying in passing a handful of Democrats. But the president had worked hard this week by making a bus tour of three days and 1,000 miles across North Carolina (southeast) and Virginia (east), in an attempt to rally public opinion public employment plan.

The Senate also rejected Thursday night (by 57 votes against 43) another piece of the job Obama's plan - backed by Republicans - that would have repealed a law imposing a withholding tax of 3% for sub-contractors employed by the federal government or the states. The Democrats opposed the measure because the Republicans had planned to be financed by drastic budget cuts. Less than 13 months of the election in November 2012, during which the Republicans hope to unseat President Obama, the battle rages between the two parties in Congress reluctant to give ground, while the unemployment rate remains stubbornly in the country to 9.1%.


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