Posts Tagged ‘cayman

01
Dec
13

Rise and Shine

President Obama pauses in the Oval Office after making a series of telephone calls to Members of Congress, Dec. 1, 2010 (Photo by Pete Souza)

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Jason Sattler: REMINDER: The Number Of Uninsured Americans Increased By 7.9 Million Under George W. Bush

The week President Obama took office, initial jobless claims, the statistic that immediately gauges layoffs, hit a 26-year high with 637,000 applying for unemployment insurance in one week. It was clear that the president was inheriting a record deficit, a cratering economy and two floundering wars. But buried in all those crises was an unspoken slow-motion disaster that people rarely mentioned: the steady crumbling of our health care system.

“When [former president Bill] Clinton left office, the number of uninsured Americans stood at 38.4 million,” Ron Brownstein wrote in 2009. “By the time [former president George W.] Bush left office that number had grown to just over 46.3 million, an increase of nearly 8 million or 20.6 percent.” The numbers were just as bad when you looked at the share of the uninsured. When Clinton left office, 13.7 percent of the population was uninsured. Bush left with 15.4 percent lacking coverage.

The New York Times‘ Paul Krugman calls the Affordable Care Act’s role in bringing health-cost growth to its lowest rate on record the law’s “secret success.” But the other secret success is how Obamacare is helping to reverse the growth of the uninsured population. This began in 2011 with children and young adults being able to stay on their parents’ plans until age 26, covering more than three million. And it continues this year with millions of Americans being added to the Medicaid rolls and millions likely to sign up for private plans, if the law’s health care exchanges begin working well enough.

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Jonathan Bernstein: The Minimum Wage And The Post-Policy GOP

At the federal level, one would think that Democrats might have some success actually passing an increase. After all, raising the minimum wage always polls extremely well, and with many state and local increases happening, it’s easy to imagine business lobbyists willing to accept a relatively modest national increase that could take a lot of steam out of those other initiatives. There’s plenty of precedent for Democrats forcing the issue by attaching a minimum wage hike to something Republicans want and managing to get it passed.

And while most Republicans in Congress surely oppose an increase, it’s not as if there’s some important principle violated by a $10 an hour minimum wage compared with $7 and change. Perhaps it will happen. But if not, the culprit is going to be, once again, the post-policy Republican Party. This just isn’t how the American political system is supposed to work. There really is an opportunity here for a deal that could enact popular policy ideas from both sides. But thanks to a dysfunctional Republican Party, it’s very hard to see it happening.

More here

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@ACASuccessStory

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Media Matters: How Print And Broadcast Media Are Hiding Obamacare’s Success In Controlling Costs

Jason Furman: “ACA Is Contributing To The Recent Slow Growth In Health Care Prices.” In a November 20 report, economist Jason Furman, the chairman of the Council of Economic Advisors (CEA), highlighted several positive impacts of the Affordable Care Act (ACA). According to Furman, the ACA has already helped reduce waste and overpayment in Medicare that is “contributing to the recent slow growth in health care prices and spending.” Furman argues that reduced spending in Medicare is having an effect across the health care sector

Print Media Devote Only Five Stories To ACA’s Role In Slowed Costs. Since the release of the CEA report on November 20, the five top newspapers in the United States – The New York Times, The Washington Post, The Wall Street Journal, The Los Angeles Times, and USA Today – issued only five articles that mentioned the ACA’s role in slowing the growth of health care costs. In the same time period, all print outlets combined issued 67 stories focusing on other aspects of the ACA rollout, including issues with the Healthcare.gov website and cancellations of individual policies. Only two outlets — USA Today and The New York Times — issued front page stories mentioning the CEA report.

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The People’s View: The Conservative Movement’s Death Wish

However, a funny thing is happening. Conservatives have forgotten how to play the game. Or rather, what passes for conservative now is so to the right that it no longer bears any relation to reality. Thus D’Souza tweets his tweet about President Obama being a grown-up Trayvon, and that the US must “survive” him. Thus Rush Limbaugh compares the nuking of the filibuster to allowing rape. Thus every half-assed thing which comes out of a conservative’s mouth makes people who have some sense shake their heads in bewilderment.

At this point, it’s as if conservatives can’t help themselves. The fact that Obama has run rings around them in spite of their vigorous efforts has led to a psychotic break. Republicans fight Democrats with vile assertions. Republicans knife each other in purity contests. A strong, intelligent, black Democratic president who knows exactly what they’re up to, and times his attacks for maximum effect, has put them flat on their backs. They’re used to Democrats and liberals who are defensive. They’re used to the triangulations of a Bill Clinton. Barack Obama’s strength has sent them into a fugue state from which, as yet, they haven’t been able to awaken.

More here

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Reuters: Cayman Islands, Costa Rica Sign Tax Pacts With U.S.

The United States has signed agreements with the Cayman Islands and Costa Rica to help those countries’ banks comply with an anti-tax evasion law starting next year, the Treasury Department said on Friday. The deals are part of the US effort to enforce the Foreign Account Tax Compliance Act (FATCA), which was enacted in 2010 and is set to take effect in July 2014. FATCA requires foreign financial institutions to tell the US Internal Revenue Service about Americans’ offshore accounts worth more than $50,000.

It was enacted after a Swiss banking scandal showed that 17,000 US taxpayers had hidden substantial fortunes overseas. On Thursday a former UBS banker, Raoul Weil, agreed to be extradited to the US to face charges arising from that scandal. With these two deals, both signed this week, the Treasury has now finished 12 FATCA “intergovernmental agreements” (IGAs), which help countries’ financial institutions comply with the law.

More here

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Timothy Garnder: U.S. Extends Iran Oil Sanctions Waivers To China, India, South Korea

The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year. The waivers had been expected. Under a law governing sanctions imposed on Iran’s disputed nuclear program by the United States, the State Department is required to determine whether the Islamic Republic’s oil consumers have reduced their purchases.

The decision comes even after the United States and five other global powers, known as the P5+1, agreed in Geneva this month to ease Iran’s access to about $4.2 billion in foreign currency reserves for six months in exchange for Tehran’s taking steps to curb its nuclear program. The waivers, which the State Department calls exceptions, mean that banks in the consuming countries will not face being cut off from the U.S. financial system for the next six months.

Since the beginning of the sanctions regime in 2012, all 20 of Iran’s oil customers have qualified for the periodic waivers. But despite the Geneva agreement, the United States reserves the right to sanction any oil consuming country should it suddenly increase its purchases. 

More here

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UnmitigatedDisasters

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Mark Barabak: Kentucky Governor Sees Health Law As Chance To Heal An Ailing State

Relations between President Obama and Kentucky Gov. Steve Beshear have not always been friendly. But leading one of the nation’s poorest, sickest states, Beshear has improbably overseen one of the most successful rollouts of Obama’s troubled healthcare overhaul and become, deep in his long public career, a hero to Democrats grasping to find a redeeming figure amid the political wreckage. “I knew if I was going to make a huge difference in the health status of Kentucky, it was going to take some kind of transformational tool to do that, and that’s what the Affordable Care Act is for me,”

Beshear, white-haired and greyhound-lean, said as he sat behind a big maple desk in his office. “I think we’ve started something here,” he later added, “that a generation from now you’ll see a very different Kentucky than what you see today. The need for care in this pretty but hard-pressed state is unarguable. Kentucky leads the nation in cancer deaths and preventable hospitalizations and suffers some of the highest rates of diabetes, cardiovascular illness and premature death. Extending healthcare to as many as possible could make a difference, the 69-year-old Beshear said, long after he is gone. “To me,” he said, “it was the morally responsible and the right thing to do.”

More here

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LA Times: The Chalice That Helped Make Possible The Iran Nuclear Deal

Many paths led to the international agreement to temporarily curb Iran’s nuclear program: secret meetings in Oman, formal negotiations in Geneva, and a quiet encounter in New York involving two diplomats and an exquisite silver chalice in the shape of a mythical winged creature. The latter session led in September to the return of the chalice to Iran, where officials hailed it as a gesture of friendship by the United States.

When Rouhani announced plans to attend the U.N. General Assembly in New York in September, Obama’s advisors decided the moment was right for a gesture. A day after Obama delivered his annual address to the world body, the American diplomat received an email from Washington, which he read at his desk three blocks from U.N. headquarters. He was instructed to find a way to return the griffin chalice to the Iranians with no fanfare before Rouhani left in two days. Two days later, Rouhani accepted a telephone call from Obama, the first such high-level contact since 1979, when militants stormed the U.S. Embassy in Tehran, taking hostages they held for 444 days.

More here

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Lisa Mascaro: GOP Promise Of Immigration Reform Fades A Year After Election

Earlier this year, as House Republicans began considering changes to the nation’s immigration laws after their party’s defeat in the presidential election, they were given a list of do’s and don’ts that updated GOP thinking on the issue. The suggestions seemed obvious to most but signaled a new tone for the Republican Party. “Don’t use the term’anchor baby’ or phrases like ‘send them all back,'” said the memo from a Republican-aligned advocacy group, the Hispanic Leadership Network.

“Do acknowledge that ‘our current immigration system is broken and we need to fix it.'” Changing the way the party talks about immigration is about all House Republicans have to show for their efforts over the last 11 months — and even that effort has notable exceptions. In fact, the House’s most visible immigration-related action was a measure to defund an Obama administration program to defer deportations of young immigrants, a vote that increased Latino animosity even though it failed to become law.

More here

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On December 1st, 1955, Rosa Parks refused to give up her seat on the bus and her courageous act sparked the Montgomery Bus Boycott and the Civil Rights Movement that changed the course of history. We are forever grateful.

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On This Day:

Pete Souza: “He and the Vice President were headed for the short walk from the White House to the Eisenhower Executive Office building to brief Congressional leaders on his new Afghanistan strategy that he would publicly unveil at West Point that night. Secretary of State Hillary Rodham Clinton had just pulled up in her motorcade and the Vice President congratulated her that her daughter, Chelsea, had just gotten engaged.” Dec. 1, 2009

President Obama gestures while talking on the phone Oval Office prior to leaving for his speech at West Point, Dec. 1, 2009 (Photo by Pete Souza)

An ornament hangs on the official White House Christmas Tree in the Blue Room of the White House, Dec. 1, 2009 (Photo by Chuck Kennedy)

President Obama jokes with Vice President Biden and former Secretary of State Colin Powell following their meeting in the Oval Office, Dec. 1, 2010 (Photo by Pete Souza)

The President with Malia and the First Lady with Sasha wait backstage before the lighting of the National Christmas Tree in Washington, D.C., Dec. 1, 2011 (Photo by Pete Souza)

President Obama and his daughter Sasha at the lighting of the National Christmas Tree in Washington December 1, 2011

28
Sep
12

Rise and Shine

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12:0: VP Biden delivers remarks at a campaign event at Century Village in Boca Raton, Fla (CNN)

1:0: Michelle Obama speaks at the University of Northern Iowa in Cedar Falls

3:05: VP Biden delivers remarks at a campaign event at Kings Point in Tamarac, Fla (CNN)

3:45: Michelle Obama speaks at Lawrence University in Appleton, Wisconsin (C-Span)

4:20: President Obama delivers remarks at a campaign event at the Capital Hilton in Washington, D.C. (CBS and CNN)

6:05: President Obama delivers remarks at a campaign event at a private residence (Print Pool for Remarks Only)

8:25: President Obama delivers remarks at a campaign event at the Capital Hilton in Washington, D.C. (Print Pool for Remarks Only)

Need to double-check some of these times, and will look for more links

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Michael Tomasky: Fascinating series of tweets from the economist Justin Wolfers … the Bureau of Labor Statistics has released its annual revisions of the jobs numbers … Result? They were only off by 386,000 jobs.

….. That, says Wolfers, equals 32,000 more jobs every month – every month, friends – than we knew. So the economy that year was adding an average of 194,000 jobs per month, not 162,000 ….. “The BLS benchmark revisions means that there has been a net jobs gain since Jan ’09. Romney can no longer talk about job losses under Obama.”

I would say this is rather big news. Meshes pretty nicely with this recent development that people are apparently feeling a little better about the economy, and becomes, I should think, a pretty good applause line for Obama to add into his speeches.

Full post here

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Washington Post: Voters in three critical swing states broadly oppose the far-reaching changes to Medicare ­associated with the Republican presidential ticket and, by big margins, prefer President Obama to handle the issue, according to new state polls by The Washington Post and the Kaiser Family Foundation.

For seniors in Florida, Ohio and Virginia, Medicare rivals the economy as a top voting issue. And by majorities topping 70 percent, seniors say they prefer to keep Medicare as a program with guaranteed benefits, rather than moving to a system in which the government gives recipients fixed payments to buy coverage from private insurers or traditional Medicare, as Romney advocates.

… Generally, the more voters focus on Medicare, the more likely they are to support Obama’s bid for reelection.

The future of Medicare, the federal health program for the elderly and disabled, has become a flash point in the campaign since Romney’s selection last month of Rep. Paul Ryan…. Now, the challenges for Romney in the aftermath of the Ryan selection are becoming clear.

More here

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Text of Michelle Obama’s remarks at two Chicago fundraisers yesterday here and here

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eCards

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Michael Tomasky: On the Hardball set last night, Matthews told me that George W. Bush, on November 1, i.e. five days before the election, is giving a speech in…the Cayman Islands! It’s true.

What is he thinking? I guess he’s thinking first and foremost that he’s going to pocket $2 million or whatever it is they’re paying him (it’s an investment summit of some kind). But hasn’t he sort of noticed that overseas tax shelters in general and the Cayman Islands specifically have become campaign issues, and liabilities for the standard-bearer of his party?

It’s not even just about Romney; Bush may or may not give a crap about him. But it’s about Bush. This speech is, if the Democrats set it up properly, going to generate maybe two days of negative stories about the GOP and plutocracy that are going to include revisitations of the dismal Bush record. If he were going to make himself an issue in the campaign in such a public way, you’d think he might have decided to go visit veterans in a hospital or something.

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Cagle

Eugene Robinson: Conservative activist circles are abuzz with a new conspiracy theory: Polls showing President Obama with a growing lead over Mitt Romney are deliberately being skewed by the Liberal Mainstream Media so Republicans will be disheartened and stay home on Election Day.

This is denial and self-delusion but not of the harmless kind. It’s a false narrative that encourages the Republican Party to take the wrong lessons from this election, no matter the outcome.

Full article here

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Happy Friiiiiiiiiiiiiiday everyone ;-)

23
Sep
12

‘Not One of Us’

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Monday: The President will travel to New York City to participate in the 67th Session of the United Nations General Assembly (UNGA). While in New York City, the President and First Lady will also tape an appearance on “The View.”

Tuesday: The President will deliver remarks to the UN General Assembly; the First Lady will attend the event. The President will then speak at the Clinton Global Initiative Annual Meeting. He will return to the White House in the evening.

Wednesday: The President will travel to Bowling Green and Kent, Ohio for campaign events.

29
Aug
12

You Couldn’t Make It Up: ‘Romney Party Yacht Flies Cayman Islands Flag’

ABC: Gov. Mitt Romney’s campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

The exclusive event, hosted by a Florida developer on his yacht “Cracker Bay,” was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney’s bid.

“I think it’s ironic they do this aboard a yacht that doesn’t even pay its taxes,” said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.

More here

@JeffersonObama

23
Aug
12

“They Drove Our Economy into a Ditch”

Yet another TOD post that has been reblogged by Jueseppi B, despite requests that he make his own effort to support PBO rather than copying others simply to drive up his reblog’s traffic. He doesn’t take kindly to being challenged, as another woman found out: explicit. Genuine bloggers are welcome to use anything they ever see at TOD. Thanks

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ABC: The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.

The audited financial statements of one of the Cayman Islands funds make note of the use of “blocker” entities, which are used to help retirement accounts and nonprofit entities avoid some taxes. Financial statements for another fund note that it “intends to conduct its operations so it will … not be subject to United States federal income or withholding tax …”

Those details emerge on the statements of two funds in which Romney still holds a sizeable investment, according to the financial disclosure statements he filed when he announced his bid for president.

More here

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Cagle

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First lady Michelle Obama greets Sikh temple secretary of the board of trustees Kulwant Singh Dhaliwal, left, and Oak Creek, Wis. Mayor Stephen Scaffidi, before talking to victims of the August 5th shooting in Oak Creek, Wis.

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Cagle

12
Jul
12

Evening All

President Barack Obama blows a kiss to Oren Baer, son of Ken Baer, the departing Associate Director for Communications and Strategic Planning at OMB, during a visit to the Oval Office, July 12, 2012. Baer’s daughter, Avital, and wife, Caron Gremont, watch at left. (Official White House Photo by Lawrence Jackson)

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CBS: President Obama’s biggest mistake during his first term, he told CBS News in an exclusive interview, has been putting policy over storytelling.

Mr. Obama and First Lady Michelle Obama sat down Thursday with “CBS This Morning” anchor Charlie Rose in the White House Blue Room, where they discussed the failures and successes of his administration as he heads into another election, among other things.

“When I think about what we’ve done well and what we haven’t done well,” the president said, “the mistake of my first term – couple of years – was thinking that this job was just about getting the policy right. And that’s important. But the nature of this office is also to tell a story to the American people that gives them a sense of unity and purpose and optimism, especially during tough times.”

…. For more of the interview with President and Mrs. Obama, watch “CBS Sunday Morning” this Sunday, July 15, and “CBS This Morning” on Monday, July 16.

More here

If the video isn’t ‘viewable’ in your country, you can see it at the link above

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Robin Wells (The Guardian): “Too much money” sounds like an oxymoron, especially when applied to American politics. But in the last week, Republicans are beginning to learn that lots of money can have its downside. Thursday’s story that Romney may have actively directed Bain Capital three years longer than he claimed – a period in which Bain Capital-managed companies experienced bankruptcies and layoffs – caps what must be the worst weekly news cycle of any modern American presidential candidate. From images of corporate raiding, to luxury speedboats, to offshore accounts in the Cayman Islands, to mega-mansions in the Hamptons, this week’s stories suggest that the candidacy of Mitt Romney – poster-boy for the symbiotic relationship between big money and the modern Republican party – is in serious trouble.

More here

Paul Krugman: ….After all the whining over “class warfare”, the GOP has more or less forced an election that really is about the very rich versus everyone else – and the Romney supporters are so insulated by their wealth that they can’t even see the problem.

…. I agree with Robin that Romney is in very serious trouble. Think of the pattern that’s accumulating: the obfuscation over the Bain record on jobs, outsourcing, and all that, the mysterious offshore accounts (and the magical $100 million IRA), the stonewalling on past tax records, and now his insistence that he was no longer working at a company that continued to list him as CEO and pay him lots of money.

….I suspect that the honesty thing will finally gain traction …. This could be famous last words, but it looks to me as if Romney is in the process of getting defined – and his party won’t like the results.

More here

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Cagle

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Charles Pierce: This may horrify some editors at Politico, but Willard Romney really is demonstrably more comfortable around white people. The way you know that is that yesterday, after using the NAACP convention as set decoration for a feed-the-base photo op, he went on to Montana and said the following:

…. I had the privilege of speaking today at the NAACP convention and I gave them the same speech I am giving you …. When I mentioned I am going to get rid of Obamacare they weren’t happy … That’s ok, I want people to know what I stand for and if I don’t stand for what they want, go vote for someone else, that’s just fine. But I hope people understand this, your friends who like Obamacare, you remind them of this, if they want more stuff from government tell them to go vote for the other guy-more free stuff. But don’t forget nothing is really free.

….. he remains a singularly remarkable liar. He didn’t say anything of the sort to the NAACP, because he needed booing to charge up his base …. what he, in the full flush of his god-kissed whiteness, refers to as “Obamacare” is not “more free stuff.” Isn’t the entire conservative case against the Affordable Care Act the fact that the government is forcing you to “buy” a product…..

Full post here

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Cagle

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President Obama with the McLaughlin Family, Cedar Rapids, Iowa, July 10 (OFA Flickr)

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Friday:

9:40: President Obama departs the White House

10:40: Arrives in Norfolk, Virginia

12:55: Delivers remarks at a campaign event at Green Run High School in Virginia Beach

2:40: Departs Norfolk, Virginia en route Hampton, Virginia

3:05: Arrives in Hampton

4:25: Delivers remarks at a campaign event at Phoebus High School, Hampton

5:30: Departs Hampton, Virginia en route Roanoke, Virginia

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Evening all – that was a rather splendid day ;-)

11
Jul
12

This and That

President Obama walks with National Security Advisor Tom Donilon in the West Wing of the White House, July 11 (Pete Souza)

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Richard Adams (The Guardian): What will be overlooked in discussion of the booing of Mitt Romney is what he actually called healthcare reform: a “non-essential programme”.

Here’s the quote:

“I will eliminate all the expensive non-essential programmes I can find, that includes Obamacare”

Healthcare is “non-essential,” is it Mitt Romney? Maybe that’s what people were booing: the idea that federally-funded health provision for America’s poorest such as Medicaid was “non-essential”.

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ThinkProgress: To hear conservatives and Tea Partiers tell it, President Obama is a serial tax-raiser who has increased taxes on “millions of Americans.” But according to the latest data from the Congressional Budget Office, tax rates under Obama hit a 30-year low in 2009, in part because of the tax cuts he implemented in response to the country’s economic downturn…

More here

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ThinkProgress: In a vote of 244 to 185, the House of Representatives has repealed the Affordable Care Act — just days after the Supreme Court upheld its constitutionality.

This is the 31st attempt by Congressional Republicans to eliminate the measure. The GOP has spent an estimated “88 hours and 53 minutes” since January of 2011 trying to undo the reform, an analysis by Democratic Leader Nancy Pelosi’s (D-CA) office finds, though this latest bill is expected to die in the Democratic-controlled Senate.

More here

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David Usborne (UK Independent): Mitt Romney received an embarrassingly rough reception from members of the NAACP, the country’s oldest black civil rights organisation yesterday, which erupted into boos and shouts of disapproval when he said he meant to overturn Barack Obama’s healthcare reforms.

His rocky ride at the NAACP convention in Houston came as he faced a wave of new assaults from the campaign of President Obama over his apparent failure fully to disclose the extent of and the reasons for his multiple holdings overseas, including now or in the past in Switzerland and the Cayman Islands.

The murkiness of his personal financial affairs is emerging as a potential drag for Mr Romney who so far has released tax returns for only 2010 and an estimate for 2011. Democrats are contrasting him with his father, George Romney, who, when he ran for the White House in 1967, released 12 years of returns.

…. The tax filings released during the primaries last winter forced Mr Romney to revise earlier financial disclosures, which had made no mention of some 20 newly revealed overseas holdings – a fact highlighted in a harsh New York Times editorial yesterday….

….Chip off the old block? No, his father divulged his wealth…

Read full article here

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ABC: Mitt Romney offered a slightly inaccurate version of his tax return history in an interview today, saying he’s released two years of tax returns and that he has released the “same level of information” as John McCain and John Kerry.

…. The presumptive GOP nominee has released one year of his returns and an estimate of his 2011 returns…

John McCain released two years, but John Kerry actually released more than that in his 2004 race, going back to 1999. He released many more returns as a United States senator, as many as twenty. McCain released a total of six documents, two for himself, two for his wife Cindy McCain, and two for the McCain Family Foundation.

…His father, George Romney, started the precedent of presidential candidates’ releasing returns when he released 12 years during his 1968 run for president, but Mitt Romney has so far resisted calls for to release more years. President Obama has released 12 years.

In the interview, Mitt Romney changed the subject in order to hit the president for the Fast and Furious gun-walking scandal…

More here




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