Posts Tagged ‘mortgage

22
Aug
14

Team Obama-Holder: Getting The Job Done

obama_admin_keeps_views_on_miranda_secret-1280x960

****

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.”

More here

****

****

****

****

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.

More here

****

****

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.

More here

****

07
Aug
14

Rise and Shine

On This Day: President Barack Obama gestures during a roundtable discussion with Hispanic print and web media in the Roosevelt Room of the White House, on Aug. 7, 2009 (Photo by Pete Souza)

• • •

Today (All Times Eastern)

11:20: The President delivers remarks and signs H.R. 3230, the Veterans’ Access to Care through Choice, Accountability, and Transparency Act of 2014; Fort Belvoir, Virginia

12:15: White House press briefing

• • •

• • •

Courant: Number Of Residents Without Health Insurance Drops 50%

The number of people in Connecticut without health insurance has dropped by 50 percent since 2012, according to research findings released Wednesday by the state’s health insurance exchange. Access Health CT, the state-run onlinehealth insurance marketplace created under the federal Affordable Care Act, has enrolled more than 256,000 state residents in private health plans or Medicaid since the website launched last fall.

CEO Kevin Counihan said at a press conference with the governor Wednesday that the percentage of state residents who lack health coverage dropped from 7.9 percent at the start of the open enrollment period to 4 percent now. About 286,000 residents did not have insurance before the launch of the marketplace. “Nobody expected us to be down to 4 percent,” said Counihan, who compared the figure to those of European countries with national health insurance, where uninsured rates hover around 2 percent to 3 percent.

More here

• • •

• • •

AP: BofA Nears $16-$17B Settlement With US

Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday. The deal with the bank, which must still be finalized, would be the largest Justice Department settlement by far arising from the economic meltdown in which millions of Americans lost their homes to foreclosure.

It would follow earlier multibillion-dollar agreements reached in the last year with Citigroup and JPMorgan Chase & Co. The deal would be the latest arising from the sale of toxic mortgage securities leading up to the recession. The Justice Department last year reached a $13 billion settlement with JPMorgan and in July announced a $7 billion settlement with Citigroup. Each of these deals is designed to offer some financial relief to homeowners, whose mortgages were bundled into securities by the banks in question and then sold to investors.

More here

• • •

BeB0ztVIUAAVk2c

• • •

Reid Cherlin: The Presidency And The Press

Somewhere between Seoul and Kuala Lumpur, with Air Force One cruising just shy of the speed of sound, Barack Obama decided to have a word with the press. It has been tradition for Obama to make a visit back to the press cabin during the last leg of exhausting presidential foreign trips – just a friendly off-the-record chat – but this junket, a barnburner taking the chief executive to Japan, South Korea, Malaysia and the Philippines this past April, wouldn’t be over for three days. The president’s blood was up over two analysis pieces in The New York Times. One, written by national security correspondent David Sanger and timed for Obama’s arrival in Seoul, accused the administration of dangerously underestimating Kim Jong-Un. A second story, splashed on the paper’s front page, had effectively declared the trip a failure while it was still in progress.

With the chat being off the record, a definitive accounting of what was said is hard to come by; it is clear, though, that the thrust of the president’s message was this: Foreign policy is hard, you guys are scoring it like a campaign debate, and moreover, you’re doing it inaccurately. He went further, telling the dozen or so reporters that what he favored was a judicious use of American power, and that his primary concern was not to get the country embroiled in situations from which it might take a decade to extract ourselves. He offered up an oddly sophomoric mantra for his foreign policy: “Don’t do stupid shit.”

More here

• • •

• • •

Victoria Stilwell: Jobless Claims Fall As Average Drops To Eight-Year Low

Fewer Americans filed applications for unemployment benefits last week, sending the average over the past month to an eight-year low, a sign the labor market continues to gain momentum. Jobless claims decreased by 14,000 to 289,000 in the week ended Aug. 2 from 303,000 in the prior period, a Labor Department report showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg called for an increase to 304,000. Companies are holding on to more workers in an effort to keep up with increased orders and stronger consumer demand, contributing to a virtuous cycle of growth as the economy accelerates. Fewer layoffs and more jobs

would support further gains in incomes and household spending, which accounts for 70 percent of the economy. “This is one of the early steps in the process of a really good run for the labor market,” said Thomas Simons, a money market economist at Jefferies LLC in New York, whose forecast for the drop in claims was the closest in the Bloomberg survey. “If we have fewer layoffs, it’s a necessary precondition for an acceleration in hiring, and as hiring increases and the slack in the labor force is taken up, that should put some upward pressure on wages as well.”

More here

• • •

• • •

Tommy Christopher: Liberal MSNBC Host Says Obama “Broke Politics”

Fresh off his weeks-long stint flacking for Paul Ryan’s poverty plan, Vox publisher and All In fill-in host Ezra Klein further dabbled in Beltway view-from-nowhere dumbshittery Wednesday night when he declared, to MSNBC viewers, that President Obama broke politics. He promised to change politics, but instead, he broke them worse than they already were broken…

…. The theory is that despite all of his promises, Republicans were such pricks that Obama had no choice but to become a partisan ramrod, further dividing our country. Now, even if you accept that narrative, saying Obama broke politics is like saying Jesus sure stained the shit out of that cross… The truth is, it started within hours of President Obama’s inauguration. President Obama didn’t break politics, politics set out to break him…

More here

• • •

• • •

Seventeen: Michelle Obama’s Open Letter To American Girls: Commit To Your Education & Get Involved In Others

Did you know that right now, 62 million girls around the world are not in school, and in some countries, fewer than ten percent of girls complete high school (as compared to 85 percent in the U.S.)? Did you know that when girls are educated, they go on to earn higher wages, get married later, and have healthier children who are more likely to attend school themselves? So you might be wondering: why on earth are so many girls worldwide not in school? There are many answers to this question. Sometimes, families simply can’t afford to send their daughters to school (some countries don’t have free public education, and families have to pay school fees); or girls live in rural areas, far from schools, and have no means of transportation; or girls can’t afford to buy sanitary pads, so they’re unable to attend school during their periods, and they wind up falling behind and dropping out.

But often, the problem isn’t just about resources, it’s also about attitudes and beliefs. In some places, girls are viewed as less worthy of an education than boys, so when a family has limited funds, they’ll educate their sons instead of their daughters. Knowing the heartbreaking challenges so many girls in the world are facing, think about all the girls you know who don’t take their education seriously – girls who skip class, or don’t do their homework, or even drop out because they don’t see the point of school. To any girl – or any young person – who might be thinking this way, I have a simple message: you can do better – for yourself, your family and your country.

More here

• • •

• • •

• • •

• • •

On This Day

 President Obama delivers remarks on the economy from the Rose Garden, on Aug. 7, 2009 (Photo by Pete Souza)

President Obama signs a bill in the Oval Office, on Aug. 7, 2009. (Official White House Photo by Pete Souza)

• • •

 President Obama talks with members of the 2012 Summer White House intern class before a group photo in the East Room of the White House, Aug. 7, 2012 (Photo by Pete Souza)

• • •

 President Obama greets troops during a rally at Marine Corps Base Camp Pendleton, Calif., Aug. 7, 2013 ( Photo by Pete Souza)

• • •

 

17
Feb
14

Rise and Shine

President Obama reads from a tablet computer during a flight aboard Marine One en route to Everett, Wash., Feb. 17, 2012 (Photo by Pete Souza)

****

Today:

2:0 PST: President Obama departs Palm Springs, California

9:0 EST: Arrives Joint Base Andrews

9:15 EST: Arrives the White House

The Week Ahead:

Tuesday: The President will deliver remarks at an event on the economy in the Washington, DC area.

Wednesday: The President will travel to Toluca, Mexico, to participate in the North American Leaders Summit.

Thursday: The President will return from Mexico and attend the Democratic Governors Association dinner.

Friday: The President will meet with the Democratic governors in town for the annual National Governors Association Winter Meeting to discuss his Opportunity for All agenda and the Year of Action.

****

****

Tonyaa Weathersbee: The Extermination Of Jordan Davis: An Empty Verdict, A Hollow Victory

So it looks like Michael Dunn, a white man who fatally shot black teenager Jordan Davis for refusing to turn down his “thug music,” may be going to prison for the rest of his life. But that’s a consolation prize. Not a real victory. It’s not a real victory because the jury that convicted Dunn, 47, didn’t convict him for killing the 17-year-old Davis. They convicted him for almost killing Davis’ three friends who were riding in the Dodge Durango with him. It’s hollow because it underscores what seems to be a scary trend. I guess now any random white man can confront a black teenager whose style of dress or music he doesn’t like or views as suspect.

And when that teenager doesn’t submit to him, or responds to him in a confrontational manner, or in a way that any rebellious teenager is apt to respond, then it’s perfectly fine to exterminate him. What the verdict says is that in this nation, in the 21st century, some white men still believe they have the right to intrude into the space of young black men and make demands. And if the black man is unarmed — with no weapon except his words — those white men can still kill him. And call it self-defense. All they need is a jury to buy it.

More here

****

****

BgpmDeDCYAAP0xa.jpg-large

****

Michael Grunwald: Five Years After Stimulus, Obama Says It Worked

Five years ago Monday, President Barack Obama visited the Denver Museum of Nature and Science to sign the American Recovery and Reinvestment Act, his $800 billion stimulus bill. At the time, the U.S. economy was losing 800,000 jobs a month. In the fourth quarter of 2008, it had contracted at an 8% annual rate, a Depression-level free fall. “Today does not mark the end of our economic problems,” Obama said on Feb. 17, 2009. “But it does mark the beginning of the end.”And so it did. The Recovery Act increased U.S. GDP by roughly 2 to 2.5 percentage points from late 2009 through mid-2011, keeping us out of a double-dip recession. It added about 6 million “job years” (a full-time job for a full year) through the end of 2012. If you combine the Recovery Act with a series of follow-up measures, including unemployment-insurance extensions, small-business tax cuts and payroll tax cuts, the Administration’s fiscal stimulus produced a 2% to 3% increase in GDP in every quarter from late 2009 through 2012, and 9 million extra job years, according to the report.

screen-shot-2014-02-14-at-1-00-12-pm

The report also estimates that the Recovery Act’s aid to victims of the Great Recession — in the form of expanded food stamps, earned-income tax credits, unemployment benefits and much more — directly prevented 5.3 million people from slipping below the poverty line. It also improved nearly 42,000 miles of roads, repaired over 2,700 bridges, funded 12,220 transit vehicles, improved more than 3,000 water projects and provided tax cuts to 160 million American workers. The Recovery Act jump-started clean energy in America, financing unprecedented investments in wind, solar, geothermal and other renewable sources of electricity. It advanced biofuels, electric vehicles and energy efficiency in every imaginable form. It helped fund the factories to build all that green stuff in the U.S., and research into the green technologies of tomorrow. It’s the reason U.S. wind production has increased 145% since 2008 and solar installations have increased more than 1,200%. The stimulus is also the reason the use of electronic medical records has more than doubled in doctors’ offices and almost quintupled in hospitals. It improved more than 110,000 miles of broadband infrastructure. It launched Race to the Top, the most ambitious national education reform in decades.

More here

****

****

Dahlia Lithwick: How The Moral Mondays Movement Is Redefining The Left

I spent most of this past weekend answering two questions: “Why are you so interested in what happens in North Carolina?” (Posed mainly by people not from North Carolina.) And: “Why doesn’t anyone care what’s happening here in North Carolina?” (Posed largely by folks rallying in North Carolina.) As state governments limit reproductive rights, gerrymander voting districts, harm workers and the environment, and suppress the vote, we are all North Carolina now. The answer to the second question is that I don’t really know why the major national media, with a few notable exceptions, keeps ignoring this story.

GOP-controlled redistricting and a truly nasty voter suppression bill attempt to ensure that this remains the permanent state of affairs in North Carolina. The legislature promptly raised taxes on the bottom 80 percent, eliminated the earned-income tax credit for 900,000 people, slashed education spending, passed radical gun legislation, declined the Medicaid expansion (leaving 500,000 of its poorest citizens without health insurance), and passed a draconian abortion bill that was tacked onto a motorcycle safety law. The state, in short, turned on its own workers, its own minorities, its own teachers, its own doctors, its poor, its women, and its prisoners, with what has looked like unbridled glee.

More here

****

tampa-enroll1-800x602

****

Washington Post: Obamacare’s Sign-Up Period Is Ending. Here’s How Enroll America Is Getting Ready

Enroll America is gearing up for its own version of March Madness — one that has nothing to do with basketball. The pro-health law group has spent months now honing its outreach techniques and developing data-intensive maps meant to help their 18,000 volunteers and 2,000 partner organizations reach as many uninsured people before open enrollment on the exchanges ends March 31.

“We’re at this moment now, six weeks out from the end of open enrollment, and we’re looking at every tool that we have at our disposal about how we should be focusing our efforts,” Enroll America president Anne Filipic says. One new tool that the group has begun rolling out to partner organizations are a set of maps that show where, down to the census tract, uninsured Americans live — and how well that does, or doesn’t, line up with where people meant to help them enroll in Obamacare are based.

More here

****

****

Mike Lillis: House Democrats Seek To Force GOP’s Hand On Minimum Wage Hike

House Democrats are launching an effort to force Republicans’ hand on the minimum wage. The Democrats will introduce a discharge petition later this month designed to force a floor vote on a proposal to hike the minimum wage, even in the face of entrenched opposition from GOP leaders. The discharge petition faces a high bar, as it would require at least 18 Republicans to buck their leadership and endorse the measure – a scenario the Democrats readily acknowledge is unlikely.

Still, the Democrats are hoping the extra political pressure will amplify the Democrats’ economic message this election year, while highlighting the stark differences between the parties when it comes to strategy for helping the working class amid an ongoing jobs crisis. “It’s not only the right thing to do, it’s about time to do it,” Rep. Xavier Becerra (Calif.), head of the House Democratic Caucus, told reporters. Public opinion polls show overwhelming support for a minimum wage hike; even if the discharge petition fails, it puts Republicans in the tough position of rejecting a popular economic policy in a still-fragile jobs market.

More here

****

****

Alyssa Gerace: Obama Scorecard: Foreclosures Keep Trending Down, Home Sales Strong

The housing market recovery has continued into 2014, indicated by an ongoing downtrend in foreclosures, home sales remaining strong, and home prices notching annual gains, notes the Obama Administration in its January Scorecard. “The January Housing Scorecard shows that the Obama Administration’s efforts continue to have a positive effect on the housing market,” said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski in a statement. “With foreclosures down, home sales up, and equity continuing to grow, the housing market continues to make slow, but steadily improving progress.”

 The number of properties in foreclosure dropped 33% in 2013 compared to the previous year, said the scorecard citing RealtyTrac, with foreclosure starts at their lowest annual level since 2005. Through the third quarter of 2013, the number of underwater borrowers dropped from nearly 7.2 million in the previous quarter to less than 6.4 million, with homeowners’ equity gaining $3.4 trillion since the beginning of 2012.

More here

****

Americans waste 33M tons of food each year. Ben decided to change that.

****

NPR: For Lower-Income Students, Snow Days Can Be Hungry Days

For many Americans it’s been a harsh, disruptive winter, from the country’s Northern edges to the Deep South. When cold snaps and blizzards shutter schools, kids miss more than their daily lessons. Some miss out on the day’s nutritious meal as well. This recently became apparent to school administrators in rural Iowa, where extreme cold delayed openings two days in a row at Laurens-Marathon Community School, where 59 percent of students who eat school lunch qualify for free or reduced-price meals. On the first day, some students arrived on empty stomachs because parents thought breakfast would still be served that day.

“Two students were found in our lunchroom waiting to be fed,” says Meredith Allen, a teacher at the school. “Several co-workers had stockpiles of food,” but it wasn’t enough.  Last year, more than 21 million children nationwide ate free or reduced-price lunches, according to data from the USDA’s Food and Nutrition Service. That’s 70 percent of the total students who ate school lunches, not counting those who brought meals from home. In the same year, more than 23 million households received SNAP benefits, known as food stamps.

More here

****

****

CBS News: John Kerry Accuses Syria Leader Bashir Assad Of Stonewalling Geneva Peace Talks

U.S. Secretary of State John Kerry on Monday accused Syrian President Bashar Assad of stonewalling in peace talks and called on Russia to push its ally to negotiate with opposition leaders. “Right now, Bashar al-Assad has not engaged in the discussions along the promised and required standard that both Russia spoke up for and the regime spoke up for,” Kerry said during a press conference in Jakarta with Indonesian Foreign Minister Marty Natalegawa. He said Assad’s team “refused to open up one moment of discussion” of a transitional government to replace Assad’s regime.

“It is very clear that Bashar Assad is trying to win this on the battlefield instead of coming to the negotiating table in good faith,” Kerry said Peace talks last week in Geneva ended with no progress toward breaking the impasse in the nearly 3-year-old conflict in Syria. Kerry also had harsh words for Assad’s allies in Moscow. “Russia needs to be a part of the solution and not be contributing so many more weapons and so much more aid that they are in fact enabling Assad to double down,” he said. Russia has told the U.S. it was committed to helping create a transitional government, Kerry said, but has not delivered “the kind of effort to create the kind of dynamic by which that could be achieved.”

More here

****

****

Molly K. Hooper: GOP Flocks To Bill Curbing Obama’s Power

Dozens of House Republicans have recently backed legislation that calls for legal action against President Obama. Forty-three Republicans have cosponsored the resolution since Obama’s State of the Union address, where he threatened to enact policies if Congress didn’t act. The “Stop This Overreaching Presidency (STOP)” measure, introduced by Rep. Tom Rice (S.C.), now has 104 co-sponsors, Rice explained that STOP resolution is aimed at reversing Obama’s delay of the employer mandate, enactment of the DREAM Act, extension of “substandard” health insurance plans and ending work requirements for welfare.

More here

****

****

Celeste Katz: De Blasio Administration Cuts First Labor Contract – With Environmental Officers

The de Blasio administration has settled its first labor contract, a quick deal with 200 environmental officers that could signal a smoother period of labor relations after the cold war between the unions and Mayor Michael Bloomberg. The officers, whose duties include patrolling the city’s watershed upstate, had been working without a contract for an astounding nine years.

Under the new agreement, they will receive an average of more than $50,000 each in back pay. Kenneth Wynder, who represents the officers as head of the Law Enforcement Employees Benevolent Association, praised the de Blasio administration for its “fairness.” “We got treated with respect,” he said. “We felt much better compared to the nine-year battle we had with the old administration,” he told the Daily News.

More here

****

On This Day:

Close-up detail of President Obama’s signature on a bill, and a pen used for the signing, aboard Air Force One on a flight from Buckley Air Force Base, Denver, Col. to Phoenix, Ariz., Feb. 17, 2009 (Photo by Pete Souza)

President Obama meets with Interior Secretary Ken Salazar aboard Air Force One during a flight to Denver, Col., Feb. 17, 2009 (Photo by Pete Souza)

President Obama salutes, departing Andrews Air Force Base for Denver, Col., Feb. 17, 2009 (Photo by Pete Souza)

President Obama with Vice President Biden speaks with CEO of Namaste Solar Electric, Inc., Blake Jones, while looking at solar panels at the Denver Museum of Nature and Science in Denver, Col., Feb. 17, 2009 (Photo by Pete Souza)

A toe marker for President Obama as he prepares to make remarks at the Signing of the American Recovery and Reinvestment Act at the Denver Museum of Nature and Science, Denver, Col., Feb. 17, 2009 (Photo by Pete Souza)

****

President Obama welcomes King Juan Carlos I of Spain to the White House, just outside the Oval Office, before their lunch in the President’s private dining room, Feb. 17, 2010. At left is Chief of Protocol Capricia Marshall (Photo by Pete Souza)

President Obama meets with his national security team on Afghanistan and Pakistan in the Situation Room of the White House, Feb. 17, 2010. General Stanley McChrystal, U.S. Commander in Afghanistan, was among those joining the discussion via videoconference (left screen) (Photo by Pete Souza)

Vice President Biden’s personal aide Fran Person holds the door for President Obama as he waits to make remarks during the one-year Recovery Act Anniversary event in the Eisenhower Executive Office Building of the White House, Feb. 17, 2010 (Photo by Pete Souza)

****

President Obama gestures during a phone call in the Oval Office, Feb. 17, 2011 (Photo by Pete Souza)

President Obama talks with House Minority Leader Nancy Pelosi, D-Calif., as Vice President Biden talks with Rep. James Clyburn, D-S.C., after a lunch with the Democratic House leadership in the Oval Office Private Dining Room, Feb. 17, 2011 (Photo by Pete Souza)

President Obama talks with Facebook founder and CEO Mark Zuckerberg before a dinner with Technology Business Leaders in Woodside, California, Feb. 17, 2011. Also pictured, left to right, are Carol Bartz, Yahoo! President and CEO; Art Levinson, Genentech Chairman and former CEO; Steve Westly, Founder and Managing Partner, The Westly Group; and Eric Schmidt, Executive Chairman and CEO of Google (Photo by Pete Souza)

President Obama joins a toast with Technology Business Leaders at a dinner in Woodside, California, Feb. 17, 2011 (Photo by Pete Souza)

****

President Obama sits in the cockpit of a 767 during his tour of the Boeing Plant production facility in Everett, Wash., Feb. 17, 2012 (Photo by Pete Souza)

President Obama exits a 787 Dreamliner to greet workers and deliver remarks at the Boeing-Everett Production Facility in Everett, Wash., Feb. 17, 2012 (Photo by Pete Souza)

President Obama greets students from Medina Elementary School in Medina, Wash., Feb. 17, 2012 (Photo by Pete Souza)

…. greeting Beth Hamilton, principal of Medina Elementary School

****

Chips: D’you wanna know how awesome Nerdy is? I just had the photos done for R&S last night, then I go back to it this morning and she’s added a whole bunch of wonderful articles, tweets and links. If the woman didn’t love Chelsea, she’d be perfect. Thank you so much legend – and moooOOOooorning everyone!

25
Oct
11

rise and shine

President Obama will record an interview with Jay Leno this morning – it won’t be shown until late night but NBC will release some excerpts in the afternoon

****

****

President Obama leaves Air Force One upon his arrival in Los Angeles on Monday

LA Times: President Obama opened an aggressive Western fundraising swing Monday, closing out the day in Los Angeles with an appeal to supporters to prepare for a grueling reelection effort.

At an intimate fundraising dinner in Hancock Park, Obama spoke softly to a few dozen supporters who had paid $35,800 each to greet him.

“I’ve said this before — this election will not be as sexy as the first one,” the president said. “Back then it was still fresh and new. I didn’t have any gray hair. Everybody loved the ‘Hope’ posters and all that. This time it’s — we’ve got to grind it out a little bit. We’ve got to grind it out. But the cause is the same. And my passion is the same. And my commitment is the same.”

The gathering, at the home of movie producer James Lassiter and his wife, Mai, was one of six events Obama had planned in three days of stops in Nevada, California and Colorado, as he kept up a torrid fundraising pace that is far surpassing that of the GOP presidential field.

Two Los Angeles gatherings Monday were celebrity-flecked, with the first including actor Will Smith and former Laker Magic Johnson. The second and larger event was at the home of actors Melanie Griffith and Antonio Banderas, with per-seat tickets starting at $5,000.

Full article here

****

Thanks Marlz

****

The First Lady’s day:

12:55 Delivers remarks at a Democratic National Committee reception in Detroit

3:45 Discusses access to healthy food with mayors from around the country in Chicago

4:50 Delivers remarks at a Walgreens in Chicago and visits Iron Street Urban Farms with Mayor Rahm Emanuel

6:40 Delivers remarks at a Democratic National Committee reception in Chicago

****

Today the administration will announce plans to create jobs for veterans continuing on President Barack Obama’s efforts to boost the economy through a series of executive actions.

“While we will continue to work with Congress to bring up the American Jobs Act piece-by-piece, we will increase our focus on taking executive actions that fight for the middle class because the American people simply can’t wait for the Republican Congress to act. … Today, we are announcing two new initiatives that will help create jobs for veterans at community health centers and expand opportunities for veterans to become physician assistants,” a White House official said.

The initiatives will be announced during a conference call with reporters at 10 a.m. today with Matt Flavin, director of the White House Veterans, Military Families and Wounded Warrior Task Force; HRSA administrator Mary Wakefield; and president of the National Association of Community Health Centers, Tom Van Coverden.

****

Steve Benen: …. Yesterday, President Obama unveiled a new, and almost certainly better, initiative as part of the White House’s “We Can’t Wait” campaign. The point to provide assistance to 1 million households, helping them refinance at today’s strikingly-low interest rates and lowering their mortgage payments.

There are, of course, concerns about the scope of the effort. It’s a modest program that won’t directly affect most of those underwater…. Still, Brian Beutler reports there are some experts who see cause for cautious optimism:

“Under the restrung HARP, I expect an additional 1.05 million [refinancings] through the end of 2012 and 1.6 million [refinancings] through the end of 2013 when the program ends,” said Moody’s top economist Mark Zandi in an email. “While HARP won’t live up to the initial expectations of 4-5 million in refinancings, the program will ultimately provide a meaningful boost to the broader economy as financially stressed households will benefit from much lower mortgage payments. It will also provide a bit of help to the housing market by forestalling some mortgage defaults.”

…. It’s a modest step, but at least it’s in the right direction. Coupled with other steps, we might even start to see some larger progress. It certainly beats watching Congress implode into an obstructionist mess.

Full post here

****

****

The first part of the video is about Condaleeza Rice’s new book, but if you forward to three minutes in there’s good stuff on the madness of Herman Cain.

****

The GOP: Screwed

The Week

****

Eugene Robinson: For the clueless or cynical diehards who deny global warming, it’s getting awfully cold out there.

The latest icy blast of reality comes from an eminent scientist whom the climate-change skeptics once lauded as one of their own. Richard Muller, a respected physicist at the University of California, Berkeley, used to dismiss alarmist climate research as being “polluted by political and activist frenzy.” Frustrated at what he considered shoddy science, Muller launched his own comprehensive study to set the record straight. Instead, the record set him straight.

“Global warming is real,” Muller wrote last week in The Wall Street Journal.

Rick Perry, Herman Cain, Michele Bachmann and the rest of the neo-Luddites who are turning the GOP into the anti-science party should pay attention.

…… It is the know-nothing politicians – not scientists – who are committing an unforgivable fraud.

Full article here

****

OMG! GG will on Maddow tonight! OMG!

****




@BarackObama

@WhiteHouse

@FLOTUS

@blog44

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

@DaRiverZkind

@Lib_Librarian

@amk4obama

@zizii2

Categories

Archives

Blog Stats

  • 27,783,509 hits
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031