Posts Tagged ‘financial



11
Feb
13

Rise and Shine

A year ago: A child reaches out to First Lady Michelle Obama prior to a Faith and Community Groups Leading the Way event at Northland, A Church Distributed, in Longwood, Fla., Feb. 11, 2012 (Photo by Chuck Kennedy)

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Today:

12:30: VP Biden holds a roundtable discussion on gun safety with law enforcement officials in Philadelphia

1:45: President Obama will present Clint Romesha with the Medal of Honor at a White House ceremony

2:0: Senate lawmakers will debate and vote on re-authorizing the Violence Against Women Act

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On Thursday at 4:30 ET: “Fireside Hangout” with President Obama

See more here

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23 years ago today, Nelson Mandela was released from prison having been locked up for 27 years by a racist state

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NYT: President Obama will use his State of the Union speech to reinvigorate one of his signature national security objectives – drastically reducing nuclear arsenals around the world – after securing agreement in recent months with the United States military that the American nuclear force can be cut in size by roughly a third.

…… White House officials are looking at a cut that would take the arsenal of deployed weapons to just above 1,000. Currently there are about 1,700, and the new strategic arms reduction treaty with Russia that passed the Senate at the end of 2009 calls for a limit of roughly 1,550 by 2018.

But Mr. Obama, according to an official who was involved in the deliberations, “believes that we can make pretty radical reductions – and save a lot of money – without compromising American security in the second term. And the Joint Chiefs have signed off on that concept.”

More here

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Washington Post: President Obama is considering a series of new executive actions aimed at working around a recalcitrant Congress, including policies that could allow struggling homeowners to refinance their mortgages, provide new protections for gays and lesbians, make buildings more energy-efficient and toughen regulations for coal-fired power plants, according to people outside the White House involved in discussions on the issues.

More here

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TPM: The Senate is poised to pass the Violence Against Women Act reauthorization early this week, with a final vote expected Monday afternoon or Tuesday.

…. Despite the unusually large Senate consensus, there has been no perceptible movement among House Republican leaders since they passed a scaled-back version of VAWA on a party-line vote last year, rejecting the Senate legislation.

In an exchange on the floor Wednesday, House Minority Whip Steny Hoyer (D-MD) needled Majority Leader Eric Cantor (R-VA) on VAWA….. Cantor responded that it’s a “priority” for Republicans to “move and act on this bill”….

…. By the end of the week, House Republican leaders had no progress to speak of. “Silence,” said a senior House Democratic aide.

More here

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NYT Editorial: If you’d like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months:

* It called a halt to predatory practices by mortgage lenders, ensuring that borrowers are not saddled with loans they can’t afford and preventing brokers from earning higher commissions for higher interest rates.

* It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.

* It opened an investigation into questionable marketing practices by banks and credit card companies on college campuses, which often take place after undisclosed financial arrangements are made with universities….

More here

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Paul Krugman: Last week Eric Cantor, the House majority leader, gave what his office told us would be a major policy speech. And we should be grateful for the heads-up about the speech’s majorness. Otherwise, a read of the speech might have suggested that he was offering nothing more than a meager, warmed-over selection of stale ideas.

To be sure, Mr. Cantor tried to sound interested in serious policy discussion. But he didn’t succeed – and that was no accident. For these days his party dislikes the whole idea of applying critical thinking and evidence to policy questions. And no, that’s not a caricature: Last year the Texas G.O.P. explicitly condemned efforts to teach “critical thinking skills,” because, it said, such efforts “have the purpose of challenging the student’s fixed beliefs and undermining parental authority.”

More here

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NYT: (Missoula, Mont) This funky college town …. has long been a liberal pocket, an isolated speck of blue in a deeply red state. Now Montana is electing more politicians who lean that way, thanks to a different-minded generation of young voters animated by the recession and social issues.

…. these students, and dozens of other young people interviewed here last week, give voice to a trend that is surprising pollsters and jangling the nerves of Republicans. On a central philosophical question of the day – the size and scope of the federal government – a clear majority of young people embraces President Obama’s notion that it can be a constructive force….

…. Here in Montana, a state that backed John McCain in 2008 and Mr. Romney last year, voters under 30 have helped elect two Democratic senators and a new Democratic governor. Nationally, young voters have since 2004 been casting their ballots for Democrats by far wider margins than previous young generations – a shift that could reshape American politics for decades.

More here

Later in the article, the GOP response to young voters in Montanta helping elect Gov Steve Bullock and re-elect Sen Jon Tester (“Both times, polls stayed open hours past their official closing time to accommodate huge lines of students. Both times, Forward Montana ran huge voter registration drives”)?

They are “now trying to undo a Montana law that permits voters to register on Election Day”.

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ThinkProgress: Cleopatra Pendleton, mother of slain Chicago teen Hadiya Pendleton, will be Michelle Obama’s guest at the State of the Union on Tuesday.

More here

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Share the ad through Americans for Responsible Solutions

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NYT: Gabrielle Giffords looked slightly stricken as she considered the question: Would she feel bad about starring in a political advertisement against her former House colleagues who declined to stand with her on guns? “Yes,” she said, it would be painful.

“Sometimes you have to do things that are hard,” said Mark E. Kelly, Ms. Giffords’s husband, as she tucked herself close to him on their couch. Ms. Giffords nodded, as she often does when Mr. Kelly — as he often does — intuits the many thoughts she is still unable to express fully. “Really hard,” she added.

Ms. Giffords, a former Democratic congresswoman from Arizona, a gun owner, an astronaut’s wife, a shooting survivor and an incipient gun-control advocate, is settling into the third act of her public life.

More here

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@BarackObama

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ThinkProgress: The NRA is a big spender when it comes to lobbying and campaigns. ThinkProgress investigated the NRA’s contributions to Members of Congress and — lo and behold — the most heavily NRA-backed congressman are leading the charge against new gun violence prevention measures.

See here

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De naaaaaaaaa:

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MoooOOOooOOOoorning!

04
Feb
13

Rise and Shine

Three years ago today: A bronze bust of Dr. Martin Luther King, Jr. is visible in the foreground as President Obama meets with senior advisors in the Oval Office, Feb. 4, 2010 (Photo by Pete Souza)

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Today (All times EST):

10:15: President Obama departs the White House

11:15: VP Biden and Dr Jill Biden arrive in London

1:00: President Obama arrives in Minneapolis

1:30 Participates in a discussion with local leaders and law enforcement officials (Pool spray at the top)

2:30 Delivers remarks on a comprehensive set of ideas to reduce gun violence (Live coverage)

3:35 Departs Minneapolis, Minnesota

5:45 Arrives Joint Base Andrews

6:0 Arrives the White House

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The week ahead:

Tuesday: The President will attend meetings at the White House

Wednesday: Attends the Democratic Senate Caucus Retreat in Annapolis, Maryland

Thursday: Delivers remarks at the National Prayer Breakfast. In the afternoon, the President will travel to Leesburg, VA to deliver remarks at the House Democratic Issues Conference

Friday: Attends meetings at the White House

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Steve Benen: Last night, if you were watching the Super Bowl you saw a rather powerful ad on gun policy  …. The spot, sponsored by Mayors Against Illegal Guns, urges policymakers to approve a universal background check, and features “America, the Beautiful” against the backdrop of young children.

About 12 hours earlier, Americans could see theNRA’s Wayne LaPierre on “Fox News Sunday,” making a very different kind of argument: “I make the same thing during the campaign, when he said to people I will not take away your rifle, shotgun, handgun. They leafletted the country with flyers like this, ‘Obama is not going to take your gun, Obama is going to protect gun rights.’ And, now, he’s trying to take away all three.”

…..  therein lies the problem: the policy debate has become increasingly strained because one of the most influential lobbying groups in Washington relies on arguments based on evidence the organization has simply made up…..

Full post here

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Josh Marshall (TPM): I just found out that last September the NRA published an official list of gun enemies including the ADA, AMA, ADL, Mel Brooks, Chaka Khan and hundreds of other domestic gun enemies…..

The following organizations have lent monetary, grassroots or some other type of direct support to anti-gun organizations. In many instances, these organizations lent their name in support of specific campaigns to pass anti-gun legislation such as the March 1995 HCI “Campaign to Protect Sane Gun Laws.” Many of these organizations were listed as “Campaign Partners,” for having pledged to fight any efforts to repeal the Brady Act and the Clinton “assault weapons” ban. All have officially endorsed anti-gun positions.

More here

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Michael Tomasky: The Strangest NRA Story Yet – The fact that the NRA was keeping a list of its foes isn’t all that bizarre. But the list itself is positively loony — yet more evidence of just how nuts the NRA is

One of the sure markers of the paranoid mind is the urge to keep lists. In particular, lists of enemies, subversives, no-goodniks ….  It virtually goes without saying that the keepers of such lists are always the bullies who survive by fomenting hatred and making sure that their constituents stay in a state of constant agitation. And so it was no surprise to learn over the weekend that the NRA has a little list of 497 people and organizations who are in some way, shape, or form anti-gun. It makes for hilarious reading, although it’s sort of frightening to think about the demented minds of the people who assembled it.

More here

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Paul Krugman: ….. There was, however, one piece of the reform that was a shining example of how to do it right: the creation of a Consumer Financial Protection Bureau, a stand-alone agency with its own funding, charged with protecting consumers against financial fraud and abuse. And sure enough, Senate Republicans are going all out in an attempt to kill that bureau.

….. Right now, all the media focus is on the obvious hot issues — immigration, guns, the sequester, and so on. But let’s try not to let this one fall through the cracks: just four years after runaway bankers brought the world economy to its knees, Senate Republicans are using every means at their disposal, violating all the usual norms of politics in the process, in an attempt to give the bankers a chance to do it all over again.

Full article here

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Steve Benen: Long-time viewers of The Rachel Maddow Show may recall the “Geek Week” segments aired in May 2010, which included an interview with Energy Secretary Steven Chu. (The segment also noted why At Least I Am A Nerd.com still redirects to the show’s video player.)

Nearly three years later, we’ve learned that Chu, a Nobel Prize-winning physicist, will leave his post in President Obama’s second term, stepping down from the Department of Energy later this month. With this in mind, it’s worth pausing to appreciate the significance of Chu’s first-term efforts, which haven’t generated front-page news, but which carry extraordinary significance…..

More here

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Morning!

02
Oct
12

This, That (and the Other)

OFA

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Today:

2:0: Michelle Obama speaks to grassroots supporters in Cincinnati

9:25: Michelle Obama delivers remarks at a campaign event in Seattle

CBS have the first speech in their schedule, not sure whether the second one will be shown

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Detroit News: General Motors said its September sales rose 1.5 percent to 210,245 vehicles, marking its best September since 2008.

Chrysler Group LLC beat analyst expectations as its September sales rose 12 percent, while Ford Motor Co. sales remained flat in September compared to the same month a year ago.

GM said passenger car sales jumped 29 percent from the same month a year ago, while sales of mini, small and compacts shot up a combined 97 percent.

….. Chrysler reported its best September sales total in five years. The Auburn Hills automaker sold 142,041 vehicles last month; September also marked the 30th consecutive month that Chrysler has experienced year-over-year sales gains.

More here

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CNNMoney: American Express will refund $85 million for what government officials called deceptive practices involving about 250,000 customers.

The Consumer Financial Protection Bureau said Monday that American Express (AXP, Fortune 500) subsidiaries illegally charged late fees, deceived customers by promising non-existent money rewards, and discriminated against new applicants over the age of 35.

“Laws were violated at all stages of the game,” said CFPB director Richard Cordray in a statement …. In addition to refunding customers, American Express will pay a $27.5 million penalty…

More here

Thanks amk

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Quinnipiac: An 18 point lead among women puts President Barack Obama ahead of Gov. Mitt Romney 49 – 45 percent among likely voters nationwide, and voters expect 54 – 28 percent that the president will win the debates, according to a Quinnipiac University national poll released today.

…. “It is very difficult to win an election when you are getting shellacked among women,” said Peter A. Brown, assistant director of Quinnipiac.

More here

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25
Sep
12

Rise and Shine

GottaRegister

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10:45: Vice President Joe Biden delivers remarks at a campaign event in Chesterfield, Virginia

(Don’t forget The View today)

1:25: President Obama departs New York City

2:35: Arrives at the White House

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NYT Editorial: Mitt Romney …. told CBS News’s “60 Minutes” that he is tied with President Obama; he has a “very effective campaign; it’s doing a very good job” …. That’s an outright denial of political reality, but Mr. Romney’s willingness to stray from the truth is at the root of what’s really going on….

To some extent, Mr. Romney’s diminishing stature is because of two recent statements that revealed his deficiencies to a newly interested audience. He falsely suggested that the Obama administration was sympathetic to the violent Muslim protests in Libya and Egypt, illustrating his ignorant and opportunistic critique of foreign policy. And he was caught on video belittling nearly half the country for an overreliance on government handouts.

These moments, though, were not fumbles or gaffes. They were entirely consistent with the dismissive attitude Mr. Romney has routinely shown toward non-Americans or the non-rich….

Mr. Romney is free to pursue this shallow, cavalier campaign for six more weeks, but he shouldn’t be surprised if voters increasingly choose not to pay attention.

Full editorial here

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BBC: America’s sixth-largest credit card issuer has agreed to pay $200m in refunds to settle accusations it misled customers into add-on services.

Discover Bank will also pay a $14m fine, after regulators said it enrolled clients in schemes such as credit monitoring, without consent.

It is the third public enforcement action taken by the Consumer Financial Protection Bureau (CFPB).

More than 3.5 million customers are to receive refunds. About two million of them will be repaid all the charges against them.

More here

Thank you amk

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