Posts Tagged ‘construction

30
Aug
14

President Obama’s Policies Aren’t Working? Tell Us Another Lie, GOP

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22
Aug
14

Team Obama-Holder: Getting The Job Done

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AP: Bank Of America Agrees To Nearly $17B Settlement

The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. The deal calls for the bank, the second-largest in the U.S., to pay a $5 billion cash penalty, another $4.6 billion in remediation payments and provide about $7 billion in relief to struggling homeowners. The settlement is by far the largest deal the Justice Department has reached with a bank over the 2008 mortgage meltdown.

In the last year, JPMorgan Chase & Co. agreed to a $13 billion settlement while Citigroup reached a separate $7 billion deal. At a news conference, Attorney General Eric Holder said the bank and its Countrywide and Merrill Lynch subsidiaries had “engaged in pervasive schemes to defraud financial institutions and other investors” by misrepresenting the soundness of mortgage-backed securities. The penalties, Holder said, go “far beyond the cost of doing business.”

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Bloomberg: Housing Starts Rebound In U.S. As Inflation Eases

Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. A 15.7 percent jump took housing starts to a 1.09 million annualized rate, the strongest since November, and halted a two-month slide, the Commerce Department said in Washington. The consumer price index increased 0.1 percent after rising 0.3 percent in June, the Labor Department also reported. An improving job market and cheaper borrowing costs are helping revive residential real estate, helping boost sales at companies such as Home Depot Inc. (HD) As inflation continues to run below the Federal Reserve’s target, it gives the central bank room to keep interest rates low well after the projected end of its bond-buying program in October.

The pickup in housing starts in the U.S. exceeded all estimates in a Bloomberg survey of 75 economists. The median projection called for 965,000, within a range of 898,000 to 1.03 million. The Commerce Department also revised June’s reading up to a 945,000 pace from a previously reported 893,000. The report also indicated the building industry will probably consolidate gains in coming months as permits for future projects advanced 8.1 percent to a 1.05 million pace, about in line with the current level of starts. The gain reflected the most applications for single-family dwellings since November.

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Bloomberg: Job Market Tilts Toward U.S. Workers In Virtuous Cycle

The balance of power in the job market is shifting slowly toward employees from employers. Bob Funk sees it firsthand from his position as chief executive officer of staffing agency Express Employment Professionals. “We’re short of people in a number of cities,” he said. So he’s changing the focus of his $2.5 billion, Oklahoma City-based business. Instead of concentrating on finding jobs for those who want them, Express Employment is putting more effort into finding workers for companies that need them. “We’re back in the recruiting market again,” Funk said. The 74-year-old industry veteran isn’t the only one to notice the change. Americans who have been hunting for employment for more than six months

are finding they’re having better luck landing a job, while people who had given up looking are returning to the labor force to resume their search. Companies, meanwhile, are beefing up their in-house recruiting teams and increasingly using complicated computer algorithms to scour the Web for prospective job candidates. This is all good news for the economy, according to Nariman Behravesh, the Lexington, Massachusetts-based chief economist for IHS Inc. He said the U.S. has entered a “virtuous cycle” where job gains are leading to increased household expenditures, encouraging employers to hire more workers. Consumer spending rose in June by the most in three months, according to Commerce Department data published Aug. 1.

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05
Jun
14

Rise and Shine

On This Day: President Obama and Vice President Biden talk with Zachary Atala, son of Dr. Anthony Atala, M.D., Director, Wake Forest Institute for Regenerative Medicine, in the Eisenhower Executive Office Building of the White House, June 5, 2012 (Photo by Pete Souza)

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Today (All Times US Eastern)

3:25 AM: The President arrives at the European Council for the 2014 G-7 Summit, Brussels

3:40 AM: Participates in a G-7 meeting on the global economy

6:0 AM: Takes part in a working lunch with G-7 leaders on development

8:30 AM: Participates in a bilateral meeting with PM David Cameron of the United Kingdom

9:50 AM: Holds a joint press conference with PM Cameron

11:05 AM: Departs Brussels, Belgium

11:55 AM: Arrives Paris, France

1:05 PM: Joins President François Hollande for a dinner

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Barack Black Eagle: ‘One Who Helps People Throughout The Land’

POTUS Native American

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President Barack Obama: On My Upcoming Trip To Indian Country

Six years ago, I made my first trip to Indian country. I visited the Crow Nation in Montana—an experience I’ll never forget. I left with a new Crow name, an adoptive Crow family, and an even stronger commitment to build a future that honors old traditions and welcomes every Native American into the American Dream. Next week, I’ll return to Indian country, when Michelle and I visit the Standing Rock Sioux Tribe in Cannonball, North Dakota. We’re eager to visit this reservation, which holds a special place in American history as the home of Chief Sitting Bull. And while we’re there, I’ll announce the next steps my Administration will take to support jobs, education, and self-determination in Indian country. As president, I’ve worked closely with tribal leaders, and I’ve benefited greatly from their knowledge and guidance. That’s why I created the White House Council on Native American Affairs—to make sure that kind of partnership is happening across the federal government. And every year, I host the White House Tribal Nations Conference, where leaders from every federally recognized tribe are invited to meet with members of my Administration. Today, honoring the nation-to-nation relationship with Indian country isn’t the exception; it’s the rule. And we have a lot to show for it.

Obama Hosts White House Tribal Nations Conference

President Barack Obama with his adoptive parents, Hartford and Mary Black Eagle

Together, we’ve strengthened justice and tribal sovereignty. We reauthorized the Violence Against Women Act, giving tribes the power to prosecute people who commit domestic violence in Indian country, whether they’re Native American or not. I signed the Tribal Law and Order Act, which strengthened the power of tribal courts to hand down appropriate criminal sentences. And I signed changes to the Stafford Act to let tribes directly request disaster assistance, because when disasters strike, you shouldn’t have to wait for a middleman to get the help you need. Together, we’ve resolved longstanding disputes. We settled a discrimination suit by Native American farmers and ranchers, and we’ve taken steps to make sure that all federal farm loan programs are fair to Native Americans from now on. And I signed into law the Claims Resolution Act, which included the historic Cobell settlement, making right years of neglect by the Department of the Interior and leading to the establishment of the Land Buy-Back Program to consolidate Indian lands and restore them to tribal trust lands.

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Together, we’ve increased Native Americans’ access to quality, affordable health care. One of the reasons I fought so hard to pass the Affordable Care Act is that it permanently reauthorized the Indian Health Care Improvement Act, which provides care to many in tribal communities. And under the Affordable Care Act, Native Americans across the country now have access to comprehensive, affordable coverage, some for the first time. Together, we’ve worked to expand opportunity. My Administration has built roads and high-speed internet to connect tribal communities to the broader economy. We’ve made major investments in job training and tribal colleges and universities. We’ve tripled oil and gas revenues on tribal lands, creating jobs and helping the United States become more energy independent. And we’re working with tribes to get more renewable energy projects up and running, so tribal lands can be a source of renewable energy and the good local jobs that come with it. We can be proud of the progress we’ve made together. But we need to do more

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Maya Rhodan: Obama Administration Sees Undocumented Children Immigrants As Humanitarian Issue

The Obama Administration announced a shift Monday in its approach to children who enter the U.S. illegally and without adult guardians, forming a new interagency group that will address the influx as a humanitarian crisis. Administration officials said Monday that there has been a 90% increase in the number of undocumented immigrants under 18 entering the U.S., with more young girls and children under 13 entering the country than ever before. Because of this the administration wants to ensure that kids are quickly transferred from border control facilities to facilities operated by the Department of Health and Human Services that can better address their housing, educational, and medical needs.

Officials said about 1,000 undocumented children are being housed at a facility on the Lackland Air Force base in San Antonio, where Baptist Children’s Family Services has been contracted to look after them. Another facility will be opening soon in Ventura County, Calif., and is expected to be able to house about 600 children. The kids typically stay in the facilities for between 30 and 45 days. The Obama Administration also requested an additional $1.4 billion to provide relief for unaccompanied immigrant children. Due to the increase in kids illegally crossing the border alone—expected to reach as high 60,000 this year—the government expects it will cost $2.28 billion to fund the programs that aid unaccompanied minors, the Associated Press reports. The bulk of children crossing the border have fled violence and economic hardship in Central American countries including Mexico, Guatemala, and Honduras

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Jeffrey Young: How Obamacare Tries To Makes Us Healthier, One Community At A Time

President Barack Obama’s health care reform law will spend more than $1 trillion over the next decade to extend health coverage to millions of people — and about $20 billion actually trying to make us healthier. The money supporting these initiatives is tucked inside the Affordable Care Act in the form of the Prevention and Public Health Fund, a pot of money to finance efforts in hundreds of communities to curtail obesity, promote exercise and better nutrition, and reduce tobacco use. Improving the health of Americans and reducing preventable deaths wouldn’t just benefit those individuals. Better health could prove key to reversing decades of skyrocketing health care spending. And the prevention fund is Obamacare’s primary means of making inroads on these problems, one community at a time.

Up to 40 percent of deaths each year from the five leading causes in America — heart disease, cancer, chronic lower respiratory diseases, stroke and unintentional injuries — are preventable, the Centers for Disease Control and Prevention reported in May. In San Diego County, California, the local government and the Chula Vista Elementary School District used federal grants to make an immediate impact on students’ weight, said Nick Macchione, the director of the county Health and Human Services Agency. Using some of the $8.2 million the county received from the prevention fund, the health agency and the school started making changes, Macchione said. The cafeteria started offering healthier food and local farmers visited to talk about agriculture and provide fresh produce. Math teachers incorporated physical activity into counting lessons. And students and parents received information about nutrition and exercise.

Two years later, Chula Vista schools already could boast gains: a 3.2 percent reduction in the share of students who were obese or overweight. The county has since started spreading this program to 300 schools serving 650,000 children, Macchione said. Programs in Indiana also focused on children brought home the challenges faced by those working to address health in their communities, said Andrea Hays, the project director overseeing the $3 million in Community Transformation Grants managed by the Healthy Communities Partnership of Southwest Indiana in Evansville.

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Yahoo: US Construction Spending Up 0.2 Percent In April

U.S. construction spending posted modest gains in April, driven by an uptick in home building and government construction that lifted total activity to the highest level in five years. Construction spending rose 0.2 percent in April to a seasonally adjusted annual rate of $953.5 billion, the strongest performance since March 2009, the Commerce Department said Monday. The April increase was lower than economists had expected. But the government revised March activity higher to a 0.6 percent gain, up from an initial estimate of a 0.2 percent increase. The small April improvement, combined with the strong gain in March, suggest that the construction industry is recovering from the harsh winter and will provide a boost to growth in the months ahead.

“This was mostly a good report,” IHS Global Insight economists Stephanie Karol and Patrick Newport said in an analyst note. “Core construction, the piece of the report which affects GDP, advanced 0.6 percent, the largest gain since December.” The April figure marked the third straight increase after the weather pushed spending down 0.4 percent in January. Total construction spending is 8.6 percent higher than a year ago, led by a 17.2 percent increase in housing construction. Non-residential construction is up by 5.6 percent from a year ago, while government projects are just 1.2 percent higher.

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Greg Sargent: On Bowe Bergdahl, White House Bets On GOP overreach

The signs are everywhere this morning that the skirmishing over the Bowe Bergdahl prisoner swap is set to escalate into a protracted political battle that could go on for weeks or months. And the White House is placing its bet on Da Crazy. That is to say, White House officials are bracing for months of assaults on Obama’s handling of the swap, but they believe the Conservative Entertainment Complex will veer into over the top attacks that will alienate the broader public, which won’t see the basics of the situation in such lurid terms.

How this plays out could center on a video of Bergdahl in captivity taken by the Taliban in December. It was shown to Senators last night, to persuade them officials were right to worry that his deteriorating health meant fast action — without a 30-day notification of Congress — was imperative. A senior administration official tells me the White House is reviewing the possibility of releasing the video to the public. Obama aides say they’re not worried about the prospect of weeks of segments on Fox News or hearings by a Republican House that has spent four years investigating and rebuffing the White House on issues like Solyndra and Fast and Furious.

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A morning treat for the ladies and some gentlemen.

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Aleksander Chan: Some Guy Filmed President Obama Working Out In A Polish Gym

For whatever reason, video of President Obama apparently working out in the gym of the Marriott Hotel in Warsaw, Poland has leaked. He’s in the country to reaffirm U.S. support for central and eastern European countries against Russia. Photos and video were first posted by Jean Ekwa on his Facebook page, which depict Obama, clad in a dark blue track suit, headphones in, lifting weights, doing lunges, and using the elliptical. At one point, he pauses to yawn.

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The Secret Service confirmed to The Hill that the video is real, and that other hotel guests taking photos and videos of his workout is not a problem: “Hotel guests were not asked to leave the gym during this off the record movement, nor were they asked to refrain from taking pictures,” agency spokesman Ed Donovan said. The Hill also notes that these “off the record” excursions usually involve impromptu photo-ops with voters/citizens of countries he is visiting

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On This Day

Ninety-five-year-old Charles Edwards shakes hands with Sen. Obama after presenting him with a hand-made walking stick during a town hall meeting at Virginia High School June 5, 2008 in Bristol, Virginia

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President Obama poses for photos before departing from Ramstein Airbase in Germany, June 5, 2009 (Photo by Pete Souza)

President Obama visits with Wounded Warriors at Landstuhl Regional Medical Center in Germany of June 5, 2009. (Photo by Pete Souza)

President Obama attends an expanded bilateral meeting with German Chancellor Angela Merkel at Dresden Castle, June 5, 2009 (Photo by Pete Souza)

President Obama and White House staffers aboard Air Force One to Paris look at Reggie Love’s photos of Egypt on June 5, 2009 (Photo by Pete Souza)

President Obama signs a guestbook before touring Buchenwald Concentration Camp in Germany with German Chancellor Angela Merkel and Holocaust survivor Elie Wiesel, June 5, 2009 (Photo by Pete Souza)

President Obama, with Holocaust survivor Elie Wiesel, German Chancellor Angela Merkel and Bertrand Herz, places a rose on a memorial plaque during a visit to the former Buchenwald concentration camp June 5, 2009 (Photo by Pete Souza)

President Obama places a flower in the crematorium at Buchenwald concentration camp, June 5, 2009 (Photo by Pete Souza)

President Obama stops to shake hands with military families outside Landstuhl Regional Medical Center in Germany on June 5, 2009 (Photo by Pete Souza)

President Obama gets ready to be interviewed by news reporter Tom Brokaw at Zwinger Palace in Dresden, Germany, June 5, 2009 (Photo by Pete Souza)

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President Obama talks with Vice President Biden in the Oval Office, June 5, 2012 (Photo by Pete Souza)

President Obama and First Lady Michelle Obama shake hands with guests during an event for political appointees on the South Lawn of the White House, June 5, 2012 (Photo by Pete Souza)

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First Lady Michelle Obama talks with students from William R. Harper High School in Chicago, Ill., in the Diplomatic Reception Room of the White House, June 5, 2013 (Photo by Chuck Kennedy)

President Obama talks with, from left: Samantha Power, former Senior Director for Multilateral Affairs and Human Rights; National Security Advisor Tom Donilon; and Susan Rice, U.S. Permanent Representative to the United Nations, in the Oval Office, June 5, 2013 (Photo by Pete Souza)

Students from William R. Harper High School in Chicago, Ill., listen as President Obama talks with them about the Emancipation Proclamation hanging in the Oval Office, June 5, 2013 (Photo by Pete Souza)

President Obama with his National Security Advisor Susan Rice and Samantha Power, U.S. Ambassador to the United Nations, June 5, 2013

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13
May
14

Rise and Shine

President Obama addresses the recipients of the 2014 National Association of Police Organizations Top Cops lined up in the State Dining Room prior to a ceremony in the East Room of the White House, May 12, 2014 (Photo by Pete Souza)

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Today

12:30: Jay Carney briefs the press

3:0: The President awards Kyle J. White, U.S. Army, the Medal of Honor

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The Week Ahead

Wednesday: The President and the First Lady will travel to New York. While there, the President will host an event on the economy and attend DNC and DSCC events. More details will be forthcoming.

Thursday: The President and the First Lady will tour the National September 11th Memorial and Museum; the President will also deliver remarks at the dedication ceremony. Following his remarks, the President and the First Lady will return to Washington, DC.

Friday: The President will attend meetings at the White House.

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Yahoo: Turns Out Obamacare Premiums Aren’t More Expensive After All

When the cost of an employer-provided health insurance plan is compared to the cost of an Affordable Care Act plan bought on a state health insurance exchange, the ACA plan will be more affordable on average, a new analysis from PricewaterhouseCoopers’ Health Research Institute finds. “In 2014, the premiums for health plans offered on new state exchanges under the Affordable Care Act (ACA) are comparable to — and in some cases lower than — those being offered by employers with similar levels of coverage,” the analysts concluded. “The data suggest the new exchanges are competitive with the current insurance market.”

The analysis is based on employer-sponsored premiums of 156 million people in 2013. But what about all those news stories about people whose premiums had shot way up? Those were often people whose pre-ACA insurance did not meet even the most basic standards set forth by the law. “Some of the sticker shock noted among enrollees in the new exchanges is due to more comprehensive insurance coverage in the exchange plans,” the PwC analysis notes, citing research in Health Affairs. “More than half the people in the individual market had coverage below the bronze level of 60%, the lowest level in the exchanges.”

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Steve Benen: Budget Deficit On Track For Six-Year Low

It was about a year ago when House Majority Leader Eric Cantor (R-Va.) appeared on Fox News and told viewers that Congress should be “focused on trying to deal with the ultimate problem, which is this growing deficit.” There were a couple of glaring problems with the comment. For one thing, to prioritize the deficit as the “ultimate problem” – as opposed to, say, creating jobs and reducing unemployment – is to have a fairly warped sense of urgent policy needs. For another, the deficit, in reality, is most certainly not “growing.” The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years…. Through the first seven months of the 2014 budget year, which began Oct. 1, the deficit totals $306.4 billion. That’s down 37 percent from the same period last year. The Congressional Budget Office is forecasting a deficit of $492 billion for the full budget year.

That would be the narrowest gap since 2008. To be sure, none of this should come as a surprise, at least not to the policy mainstream. In recent years, the federal government has raised taxes and cut spending – and wouldn’t you know it, when Washington takes in more while spending less, the deficit gets smaller. This is a basic budgetary truism that Republicans continue to resist. Indeed, last year, when top marginal rates increased on households making more than $400,000 a year, a variety of GOP lawmakers argued that this would likely cause the deficit to go up – as they saw it, higher taxes on the wealthy would slow growth, which would mean fewer jobs, which would mean fewer people paying income taxes, which would mean a larger deficit. It appears on this, Republicans had it backwards, which will do nothing to shake the Beltway perception of the GOP as the “fiscally responsible” party. The fact remains, however, that the annual budget deficit is on track this year to have shrunk by about $900 billion since President Obama took the oath of office.

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NYT: Scientists Warn Of Rising Oceans From Polar Melt

A large section of the mighty West Antarctica ice sheet has begun falling apart and its continued melting now appears to be unstoppable, two groups of scientists reported on Monday. If the findings hold up, they suggest that the melting could destabilize neighboring parts of the ice sheet and a rise in sea level of 10 feet or more may be unavoidable in coming centuries. Global warming caused by the human-driven release of greenhouse gases has helped to destabilize the ice sheet, though other factors may also be involved, the scientists said. The rise of the sea is likely to continue to be relatively slow for the rest of the 21st century, the scientists added, but in the more distant future it may accelerate markedly, potentially throwing society into crisis. “This is really happening,” Thomas P. Wagner, who runs NASA’s programs on polar ice and helped oversee some of the research, said in an interview. “There’s nothing to stop it now. But you are still limited by the physics of how fast the ice can flow.”

The West Antarctic ice sheet sits in a bowl-shaped depression in the earth, with the base of the ice below sea level. Warm ocean water is causing the ice sitting along the rim of the bowl to thin and retreat. As the front edge of the ice pulls away from the rim and enters deeper water, it can retreat much faster than before. Those six glaciers alone could cause the ocean to rise four feet as they disappear, Dr. Rignot said, possibly within a couple of centuries. He added that their disappearance will most likely destabilize other sectors of the ice sheet, so the ultimate rise could be triple that. The effects will depend in part on how much money future governments spend to protect shorelines from a rising sea. Research published in 2012 found that a rise of less than four feet would inundate land on which some 3.7 million Americans live today. Miami, New Orleans, New York and Boston are all highly vulnerable.

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BBC: Woman To Lead UN Peacekeeping Mission For First Time In Cyprus

For the first time, a woman will command a UN peacekeeping force, after Norway’s Major General Kristin Lund was appointed to lead troops in Cyprus. Maj Gen Lund, 55, has a distinguished military career going back 34 years and including postings in Lebanon and Afghanistan, a UN statement said. She will replace China’s Major General Chao Liu on 13 August.In Cyprus, she will command 996 soldiers and police officers as well as 149 civilian staff. Maj Gen Lund was congratulated on her appointment by UN Secretary General Ban Ki-moon at UN headquarters in New York.

Interviewed by the Associated Press news agency, she said she was looking forward to the challenges of her new job – maintaining the ceasefire and supporting efforts to deal with minefields, unaccounted people, property disputes and other issues. She also said she was proud to crack the glass ceiling in UN peacekeeping: “I think it’s time, and I think it’s important, that other women see that it’s possible also in the UN system to get up in the military hierarchy to become a force commander.”

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Alec MacGillis: Marco Rubio Denies Climate Change While His Hometown Drowns

Marco Rubio, as you may have heard, has issued yet another blunt rejection of the whole notion of man-made climate change. “Well, yeah, I don’t agree with the notion that some are putting out there, including scientists, that somehow there are actions we can take today that would actually have an impact on what’s happening in our climate,” he said yesterday on ABC’s “This Week.” He continued: “Our climate is always changing. And what they have chosen to do is take a handful of decades of research and say that this is now evidence of a longer-term trend that’s directly and almost solely attributable to man-made activities…I don’t know of any era in world history where the climate has been stable. Climate is always evolving, and natural disasters have always existed… I do not believe that human activity is causing these dramatic changes to our climate the way these scientists are portraying it.

That’s what I—and I do not believe that the laws that they propose we pass will do anything about it, except it will destroy our economy.” For this, Rubio has been roundly ridiculed by reality-based commentators. But even their scorn seems to skip over what is perhaps the most remarkable aspect of Rubio’s evasion on climate change. It would be one thing if Rubio was trying to downplay man-made climate change if he was the senator from a state that is greatly dependent on drawing fossil fuels out of the earth and pumping carbon dioxide into the atmosphere—say, Oklahoma or West Virginia or North Dakota. But Rubio represents Florida, and is in fact from Miami. Which—how to say this nicely?—is in the process of drowning.

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Boston Globe: Vermont Legislators Agree On $10.50 Minimum Wage By 2018

The Vermont House has agreed with the Senate to raise the state’s minimum wage to $10.50 by 2018, as lawmakers adjourned for the year. The current state minimum wage is $8.73 per hour. ‘‘Any time we can put money in the hands of Vermonters who need it most, it’s a win,’’ said Representative Tom Stevens, a Waterbury Democrat, as he presented the bill to his colleagues Friday night. ‘‘Is it enough? It’s a start.’’ Governor Peter Shumlin issued a statement praising the bill. ‘‘I will be proud to sign it,’’ he said.

The State House was filled with frenetic activity Friday and Saturday, as conference committees met on budget and tax packages for fiscal 2015 and reached deals on several other bills, including one streamlining the process for medicating mentally ill patients against their will. Majority Democrats in the House in March had passed a minimum wage increase to $10.10 an hour to take effect in January, but the Senate called for a slower approach. The House was ready to pass a compromise Thursday evening, but a printer’s error — the wrong bill on the matter had been placed in the legislative calendar — caused it to be delayed.

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Morgan Whitaker: Most Americans Want Obamacare To Stay, But Tweaked: Poll

They may not love all of it, but most Americans want the president’s signature health reform policy to stay. A significant majority (61%) of Americans want the Affordable Care Act kept as-is or improved with changes, while a little more than a third (38%) want the law fully repealed or replaced, according to new polling released Sunday. A little less than half (49%) of all respondents said “make some changes” when asked what they thought Congress should do with respect to the law, according to the CNN/ORC poll. Another 12% want the law kept in place in its exact form. Among those supporting repeal, 18% said they wanted to repeal and replace the health reform law with a new law, and 20% said it should just be repealed.

Independent voters show a slightly more repeal-friendly breakdown, with 55% supporting a law in its original or improved form, and 45% supporting repeal either with or without replacement. Broken down across age groups, younger adults (ages 18-34) are most likely to support making minor changes to the law (50%). Seniors, many of whom already received health coverage from Medicare, are more likely than any other demographic to support a full repeal of the law with no replacement, at 25%. Across racial groups, nonwhites are more likely than whites to want the law kept as is or improved, 79% to 53%. While whites are slightly more likely than nonwhites to support repeal or repeal with replacement, 46% to 21%. Recent polling from Gallup found African-American and Latino Americans saw more significant decreases in the uninsured rate since the law’s health exchange open enrollment period began. The poll also finds a slight increase in the overall number of Americans who see the law as a success – a four-point jump since November 2013 from 8% to 12%.

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Jimmy Vielkind: Obama To Visit Tappan Zee Bridge As G.O.P. Convenes

President Barack Obama will visit the Tappan Zee Bridge replacement project on Wednesday as part of an administration push for more infrastructure spending, a White House spokesman confirmed. Obama chose the Tappan Zee—which carries the New York State Thruway over the Hudson River, between Tarrytown and Nyack—to make a point about streamlined federal approval processes, White House spokesman Keith Maley said.

A $3.9 billion replacement structure is now under construction, spearheaded by Governor Andrew Cuomo and helped by a $1.6 billion federal loan that was approved in October. There is already visible progress on the replacement structure. “President Obama and his administration are focused every day on what we can do to expand opportunity for every American,” said Maley. “In today’s economy, that means building a first-class infrastructure that attracts first-class jobs and takes American businesses’ goods all across the world.”

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5.12.14

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Steve Benen: A Law By Any Other Name Would Smell As Sweet

It’s been nearly a year since Jason Cherkis published it, but his health care anecdote out of Kentucky resonates because of its salience. As Cherkis reported last August, a middle-aged man in a red golf shirt shuffled up to a small folding table at the Kentucky State Fair to hear about Kynect, the state’s health benefit exchange established by the Affordable Care Act. The man liked what he heard. “This beats Obamacare I hope,” he said, apparently unaware that Kynect and Obamacare are the same thing. A year later, as NBC News’ First Read discovered, there’s a lot of this going around. When it comes to views of the new health care law, sometimes it’s all in a name. In Kentucky, our NBC-Marist poll found that 57% of registered voters have an unfavorable view of “Obamacare,” the shorthand commonly used to label the 2010 Affordable Care Act. That’s compared with only 33% who give it a thumbs up – hardly surprising in a state where the president’s approval rating hovers just above 30%.

By comparison, when Kentucky voters were asked to give their impression of kynect, the state exchange created as a result of the health care law, the picture was quite different. A plurality – 29% – said they have a favorable impression of kynect, compared to 22% who said they view the system unfavorably. I put together the above chart to help capture the difference, and while kynect is less well known – 27% of Kentuckians said they hadn’t heard of it, with another 21% saying they were unsure – the difference is hard to miss. It’s a timely reminder that polling on health care is tricky in this political climate. If you ask Americans whether they like “Obamacare.” in most cases, they do not. Ask them whether they support the policy provisions within the Affordable Care Act and suddenly the law looks very popular. What explains the discrepancy? Some of it’s based on lingering confusion – a lot of folks still don’t know much about the law – and some of it’s tribal, with those who hold the president in contempt rejecting the reform law, not on the merits, but because Obama signed it.

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Don Lee: After Decades of Exodus, Companies Returning Production To The U.S.

In 2001, Generac Power Systems joined the wave of American companies shifting production to China. The move wiped out 400 jobs in southeast Wisconsin, but few could argue with management’s logic: Chinese companies were offering to make a key component for $100 per unit less than the cost of producing it in the U.S. Now, however, Generac has brought manufacturing of that component back to its Whitewater plant — creating about 80 jobs in this town of about ‎14,500 people. The move is part of a sea change in American manufacturing: After three decades of an exodus of production to China and other low-wage countries, companies have sharply curtailed moves abroad. Some, like Generac, have begun to return manufacturing to U.S. shores.

Although no one keeps precise statistics, the retreat from offshoring is clear from various sources, including federal data on assistance to workers hurt by overseas moves. U.S. factory payrolls have grown for four straight years, with gains totaling about 650,000 jobs. That’s a small fraction of the 6 million lost in the previous decade, but it still marks the biggest and longest stretch of manufacturing increases in a quarter century. Harry Moser, an MIT-trained engineer who tracks the inflow of jobs, estimates that last year marked the first time since the offshoring trend began that factory jobs returning to the U.S. matched the number lost, at about 40,000 each. “Offshoring and ‘re-shoring’ were roughly in balance — I call that victory,” said Moser

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On This Day

 Sen. Barack Obama stops to speak with school kids from Holy Cross as he departs after a vote on amendments to S.2284, the “Flood Insurance Reform and Modernization Act of 2007,” on Capitol Hill in Washington on May 13, 2007

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President Obama walks to the podium to deliver a statement on the situation in Sri Lanka, May 13, 2009

President Obama enters the stage to give the commencement address at Arizona State University Commencement at Sun Devil Stadium in Tempe Arizona May 13, 2009

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President Obama talks on the phone with Russian President Dmitry Medvedev about the final details of the START Treaty, in the Oval Office, Saturday, March 13, 2010 (Photo by Pete Souza)

President Obama and Prime Minister David Cameron during a joint press conference in the East Room at the White House on May 13, 2013

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06
Aug
13

News Of The Day

ALERT: PRESIDENT OBAMA WILL BE ON THE TONIGHT SHOW WITH JAY LENO AT 11:35PM ET / 10:35PM CT

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President Barack Obama smiles as he is warmly received before speaking about housing at Desert Vista High School in Phoenix, Arizona.

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USA Today: Obama Says It Is Time To Wind Down Fannie And Freddie

Almost five years after taxpayers bailed out mortgage giants Fannie Mae and Freddie Mac, President Obama said on Tuesday that it’s time for private investors to take a bigger role in the mortgage market. Fannie and Freddie collapsed in 2008 before being bailed out with almost $200 billion in taxpayer funds. But with the nation’s real estate market on the mend, Obama said in an address in Phoenix on home ownership that it is time to wind down the two companies and make clear that the days of a guaranteed government bailout are over.

“For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag,” Obama said. “It was heads we win, tails you lose. And it was wrong.” With his remarks, Obama for the first time endorsed bipartisan efforts in the Senate for mortgage reform. At the same time, he made it clear that he expects any legislation will spell out a limited government role for backing Fannie Mae and Freddie Mac in the future, and that it must ensure Americans’ continued access to a 30-year mortgage at a fixed interest rate.

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USA Today: U.S. Files Criminal Charges Over Benghazi Attack

A Libyan militia leader has been charged in last year’s terrorist attacks on the U.S. consulate in Benghazi that left U.S. Ambassador Chris Stevens and three other Americans dead, two federal officials said.

Ahmed Kattalah is the first person to be charged in the Sept. 11 incident that sparked a political firestorm about the initial U.S. response to the assault.

Because the charges remain under seal, the officials were not authorized to comment publicly.

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President Barack Obama tours the home framing assembly area at Erickson Construction in Chandler, Arizona.

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AP: US Gov’t Sues BoFA Over Mortgage Bond Sale

The U.S. government has accused Bank of America Corp. of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850 million of mortgage bonds during 2008. The Justice Department filed a lawsuit Tuesday against the bank and several subsidiaries in federal court in Charlotte, N.C., where Bank of America is based. The Securities and Exchange Commission filed a related lawsuit against Bank of America there, too.

The lawsuits accuse the second-largest U.S. bank of misleading investors about the risks of the mortgages tied to the securities. And the government said the bank failed to tell investors that more than 70 percent of the mortgages backing the investment were written by mortgage brokers outside the banks’ network. That made the mortgages more vulnerable to default, they said. The bank disclosed the percentage of such mortgage loans in the investment only to a select group of investors, the suits alleged.

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CBS News: CDC: Obesity Rates Falling Among U.S. Preschoolers

A new government study of preschoolers shows there has been progress in the fight against childhood obesity. The Centers for Disease Control and Prevention’s new report found about one in eight preschool-aged kids are obese, but the rates may be falling. CDC researchers studied more than 11 million low-income preschool children in 43 U.S. states and territories from 2008 through 2011. They found obesity rates fell in 18 states and the U.S. Virgin Islands. Health officials hope the findings are a sign of things to come.

“Today’s announcement reaffirms my belief that together, we are making a real difference in helping kids across the country get a healthier start to life,” Mrs. Obama said in a news release from the White House. “Yet, while this announcement reflects important progress, we also know that there is tremendous work still to be done to support healthy futures for all our children,” she said.

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Read First Lady Michelle Obama’s Full Statement

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Jessica Chasmar: Oprah Winfrey: Trayvon Martin ‘Same Thing’ As Emmett Till Lynching

While promoting her new movie “The Butler,” Oprah Winfrey told The Grio that the death of Trayvon Martin was the “same thing” as the lynching of 14-year-old Emmett Till for allegedly flirting with a white woman in 1955. “Let me just tell you — in my mind, same thing,” she said in a preview of the interview on MSNBC. Last week, Oprah said Americans know “diddly-squat” about the history of the civil rights movement. She also said that when she hears the N-word, she thinks of the “millions” of people “who heard that as their last word as they were hanging from a tree.

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So delightful to watch. Yay FLOTUS!

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The Grio: Michelle Obama Turns To Hip-Hop To Promote Childhood Obesity Campaign

Michelle Obama is adding another fun element to her healthy kids campaign that seeks to tackle the issue of childhood obesity. Like her husband, the first lady has turned to hip-hop to demonstrate a point. She is distributing a hip-hop album complete with 10 music videos and 19 tracks to support her “Let’s Move!” nutrition program. Obama is partnering with Hip-Hop Public Health and Partnership for a Healthier America to release thenSongs for a Healthier America album on September 30th.

The single “Everybody” features the first lady joined by songstress Jordin Sparks, emcee Doug E. Fresh, and medical expert Dr. Oz. The video shows children of all ages dancing lightheartedly between takes of kids doing jumping jacks push ups, and drills.

“For years I have known that we need to reach children in the formative years to educate them to live a life of prevention,” said Dr. Mehmet Oz.  “The best way to do this is to build a bridge with the artists that they see on television and listen to. When someone like Doug E. Fresh shows our youngsters that health can be fun and cool, we are winning the battle.” Some other songs on the album include “Veggie Luv”, “Hip Hop LEAN”, and “Get Up Sit Up” most of which will be hip-hop based, according to U.S. News and Wold Reports.

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President Barack Obama listens as Lisa Monaco, Assistant to the President for Homeland Security, briefs him on the terror threat, in the Map Room of the White House, Aug. 6, 2013. Also participating in the briefing are National Security Advisor Susan E. Rice and Chief of Staff Denis McDonough. (Official White House Photo by Pete Souza)

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President Barack Obama meets with former Negro League baseball players in the Cross Hall of the White House, Aug. 5, 2013. (Official White House Photo by Pete Souza)

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30
Apr
12

Catching up….

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