President Barack Obama speaks to members of the news media before a meeting with members of his cabinet at the White House
President Barack Obama meets with bipartisian congressional leadership in the Old Family Dining Room at the White House. Also pictured is (L-R) House Minority Leader Nancy Pelosi, Speaker of the House John Boehner, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, and Senator Charles Schumer.
On This Day: President Barack Obama, Vice President Joe Biden and Claire Duncan, daughter of Education Secretary Arne Duncan, watch a tennis match at Camp David, Md., Oct. 3, 2010. The President hosted cabinet members and their families for a Sunday gathering at the retreat (Photo by Pete Souza)
Times Colonist: Obama To Sign Executive Order Cracking Down On Labor Violations By Federal Contractors
President Barack Obama is preparing to sign an executive order cracking down on labour violations by companies that contract with the federal government, the White House said Wednesday. Obama’s order will require companies seeking federal contracts valued at more than $500,000 to make public any labour law violations in the last three years, a step the Obama administration hopes will incentivize companies to resolve labour disputes such as back wage claims.
Federal agencies will be given more guidance on how labour violations should factor into their decision-making as they award lucrative contracts, officials said, with an eye toward pushing the most egregious violators into remediation agreements before new contracts are granted. Under the order, workers will also be given information each pay period to allow them to determine whether their paychecks are accurate.
The economy grew at a strong 4% rate in the second quarter of 2014, outpacing analyst estimates by almost a full point. The news that is even more encouraging than the topline GDP growth number is where it came from: consumer spending, business investment, and exports. Consumer spending growth doubled since the first quarter, business investment growth grew by more than a factor of 3, and exports saw a near-20-point swing. The reason these particular numbers are so encouraging is that they all point to strong jobs growth.
In an economy that is 2/3rds consumer spending, growth in that area is the predominant factor in creating demand, and therefore, jobs. We have come here in less than six short years after the greatest economic calamity this country has ever seen, save for one. We have arrived here not only without creating a war bubble but while actually deflating the war bubble by ending wars. This is because while nearly everyone else has been busy trying to generate clicks, the President has worked day and night to generate jobs. This is because while the media has been busy looking for poutrage, this president has used his blood, sweat and tears to look for solutions.
Secretary General Ban Ki-moon said on Wednesday that “all available evidence” suggested that Israeli artillery had hit a United Nations school in Gaza full of civilians who thought they were in a safe zone. “Nothing is more shameful than attacking sleeping children,” the secretary general told reporters in San Jose, Costa Rica, according to a transcript provided by his office.
It was Mr. Ban’s strongest comments to date on attacks on United Nations installations in Gaza, where Palestinians have been taking shelter. Six United Nations staff members have been killed in the current conflict so far. United Nations officials said that they had informed Israel 17 times of the precise location of the school and that there were civilians sheltering there, including once at 8:50 p.m., just hours before the attack on Wednesday.
Justin Wolfers: What Debate? Economists Agree The Stimulus Lifted The Economy
Here’s a simple case study making the point that our political debates about economics have become largely unhinged from those among actual economists. Take the Obama stimulus plan, known as the American Recovery and Reinvestment Act. If you took your cues from the political rhetoric in Washington — or even from the occasional virulent debate in the economics blogosphere — you would think the whole question of fiscal stimulus is highly contested. But it’s not. There’s widespread agreement among economists that the stimulus act has helped boost the economy. The Initiative on Global Markets at the University of Chicago — hardly a hotbed of liberal or Keynesian thought — regularly surveys a number of the leading American economists about a variety of policy issues.
Recently each of these eminent economists was asked whether the unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill. Of the 44 economists surveyed, 37 responded, yielding a healthy response rate of 84 percent. Among those who responded, 36 agreed that the stimulus bill had lowered the unemployment rate, while one disagreed. That lone disagreeing economist, Harvard’s Alberto Alesina (who was one of my thesis advisers), has been a virulent opponent of the stimulus, although the research that he’s based this upon has come under sustained criticism, particularly from the International Monetary Fund, which views the study as flawed.
Sahil Kapur: House Votes To Sue President For The First Time In History
House Republicans officially gave Speaker John Boehner (R-OH) their seal of approval on Wednesday to sue President Barack Obama, marking the first time in U.S. history that a chamber of Congress has endorsed a lawsuit against a president. The House adopted the resolution by a vote of 225-201. Five Republicans joined a unanimous Democratic conference to vote against the measure. They were Reps. Thomas Massie (R-KY), Walter Jones (R-NC), Paul Broun (R-GA), Steve Stockman (R-TX) and Scott Garrett (R-NJ). The resolution authorizes Boehner to challenge Obama in court for exceeding his authority by unilaterally delaying deadlines under Obamacare.
Although he has said he’ll target the one-year delay of the health care reform law’s employer mandate penalties, the text of the GOP resolution gives the Speaker room to legally challenge implementation tweaks to other provisions of the law. It’s a politically awkward one for his party given that Republicans despise the employer mandate, and have voted to eliminate and delay it. “Republicans want to sue the president for not enforcing a law they want to repeal,” said House Minority Whip Steny Hoyer (D-MD). “It is wrong. It is a waste of time. It is a waste of money. It is a distraction from the important issues so important to our people. This lawsuit is nothing more than a partisan bill to rally the Republican base.”
The bombs continue falling, more and more people are running for their lives with fewer places to go and as the screams from beneath the wreckage of Israel’s assault become more frequent, a generation of Gaza’s children are being shaped by what they see. And yet, as kids often do, they can still surprise you. Inside a Gaza City UNRWA school that’s been turned into a shelter, children pack the courtyard. Ten-year-old Yasmine al Attar stares at me from under her dark curled bangs. Yasmine’s aunt, Hula al Attar, tells me her son can’t sleep amid the nightly air strikes. Instead he howls and shakes.
“My 11-year-old son saw bodies in the street in the  war and he still can’t forget those images,” says the veiled 29-year-old mother. Yasmine speaks up. She tells me she can’t sleep either, and waits out the attacks by clinging to her mother in a corner classroom. I ask her what she wants to be when she grows up. “I don’t know if I will live,” she says flatly. When pressed for what she would like to be if she does survive, she becomes excited thinking about the possibilities. “I’ll be a doctor,” she says at first. Then she changes her mind. “I’ll be a journalist,” she says, pulling on her brown curls. “I just want to do something that helps people and tells the world what’s happening.”
The chart illustrates a pattern that most of us probably do not find surprising. But the sheer chasm separating single white men from Black and Hispanic single women is still shocking to see visualized so clearly. Single white men have 438 times the assets as single Black women and 365 times that of single Hispanic women. As we can see, marriage is a huge determinant of wealth – but mainly if you’re not white, and especially if you’re a woman.
As the report notes, owning a car is an important way to access more employment opportunities among other things. But that wealth is not easily accessible in dollar terms, which is highly relevant for the following reason. Great disparities of wealth not only have a huge impact on life opportunities and the prospects for wealth accumulation. They are hugely important factor in the precariousness of economic life experienced by different demographic groups.