Posts Tagged ‘oil

23
Mar
14

Rise and Shine

President Obama’s signature on the health insurance reform bill at the White House, March 23, 2010. The President signed the bill with 22 different pens (Photo by Chuck Kennedy)

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Today:

8:50 PM EST: President Obama departs the White House

9:05: Departs Joint Base Andrews

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The Week Ahead:

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Amy Lynn Smith: Student Celebrates The ACA’s 4th Birthday With The Gift Of Coverage For $5.23/Month

On March 23, 2014, the Affordable Care Act (ACA) celebrates its fourth anniversary of being signed into law. Also known as Obamacare, the law has helped millions of Americans obtain affordable, quality coverage — many for the first time. Andreea Prundeanu, a 29-year-old doctoral candidate at Michigan State University in Lansing, is one of them. Concern about getting sick weighed heavily on her as she was working hard toward her future. She was uninsured for three years after she turned 26 and could no longer stay on her parents’ plan. Prundeanu enrolled in a Silver-level plan through Healthcare.gov. Because of her low income as a student, she was eligible for financial assistance — and now pays just $5.23 a month for coverage.

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The Judge who declared Michigan’s ban on same-sex marriage is unconstitutional

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Hunter Schwarz: Joe Biden Calls LGBT Workplace Discrimination “Barbaric”

Vice President Joe Biden called employers’ ability in some states to fire employees because of their sexuality “barbaric” and “bizarre” during a keynote address at the Human Rights Campaign Gala dinner Saturday. “Hate can never be defended because it’s a so-called cultural norm,” he said. “I’ve had it up to here with cultural norms.” He called on Congress to pass the Employment Non-Discrimination Act, or ENDA, which would outlaw discrimination by most private employers against people because of their sexual orientation or gender identity.

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Yahoo: How Obama Crippled A Russian Bank With A Stroke Of A Pen

He may not take shirtless horseback rides across the steppes, or have a black belt in judo, but on Thursday, President Obama sent a message to Russian president Vladimir Putin about strength. Specifically, economic strength. The message was this: Whenever I decide to, I can pick up a pen, and kill a significant financial institution in your country. Obama’s victim was the St. Petersburg-based Bank Rossiya. In response to Russia’s takeover of the Ukraine’s Crimean peninsula, Obama yesterday authorized the Treasury Department to add 20 members of Putin’s inner circle, as well as Bank Rossiya, to the Office of Foreign Asset Control’s list of “specially designated nationals.”

The designation makes the individuals named ineligible to do business with U.S. financial institutions, which is likely a major personal inconvenience. But for Bank Rossiya, the designation is something like the kiss of death. Bank Rossiya is not the largest bank in Russia by a long shot, but its significance lies in its clientele rather than its size. In announcing the sanctions, the Treasury Department noted that Bank Rossiya “is the personal bank for senior officials of the Russian Federation” including members of the Ozero Dacha Cooperative, an exclusive community where members of Putin’s inner circle live. In addition, it provides financial services to the single largest segment of the Russian economy – the oil, gas, and energy sector.

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Sergei Seninsky: Crimea Annexation Threatens Already Weakened Russia Economy

Capital flight from Russia reached $35 billion in the first two months of this year, Russian Economic Development Minister Aleksei Ulyukayev said this week. That outflow has only increased in recent weeks and by the end of the first quarter, it could exceed the $65 billion capital-flight figure recorded for all of 2013, analysts say.

This trend — and other factors including likely international sanctions, the falling value of the ruble, and the costs of integrating Crimea into the Russian economy — could tip the sluggish Russian economy into recession. “The sum of these factors — the decline in investment and a slowdown in consumer demand — in my view will mean that the economy is on the edge of a recession,” says Kirill Tremasov, an economist with Nomos-Bank in Moscow. “Although you can still hear predictions from government bureaucrats that the economy might grow by 2 or 3 percent, I think these predictions are completely unfounded.”

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NYT: Russian Forces Take Over The Last Ukrainian Bases In Crimea

Russian forces pushed Saturday to complete their expulsion of the Ukrainian military from the disputed Crimean Peninsula, smashing through the gates of a base here with armored vehicles, firing weapons into the air and demanding that the cornered Ukrainian soldiers surrender. The operation to seize the base — one of the Ukrainian military’s last strongholds on the peninsula — was larger and more dramatic than at other installations where Ukrainian forces have capitulated steadily in recent days as Russia declared its formal annexation of the region.

By evening, Russian forces were fully in control of the base here, and most of the Ukrainian troops were dispatched to their barracks and homes to pack. In interviews before the takeover Saturday, soldiers expressed frustration with the lack of help from the their government in Kiev. Some troops said they were defending the base as a matter of honor, having sworn to serve the people and government of Ukraine. “I took an oath,” said one commander, adding that he felt no personal antipathy toward Russia or Russians. The sense of abandonment was echoed at other bases where soldiers and marines began to pack up their belongings last week, accepting that their cause was lost.

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Jonathan Cohn: The Koch Brothers Are Accidentally Advertising The Benefits Of Obamacare

Some new advertisements attacking the Affordable Care Act actually show why the law is working. The ads are running in Colorado and Louisiana, two states where incumbent Democratic senators face difficult reelection fights. They come from Americans for Prosperity, the conservative organization backed by the Koch Brothers. In short, these stories may generate sympathy but they are rarely the stuff of tragedy. And that’s because of the protections Obamacare provides—which is to say, the very things that Koch-funded right-wingers want to gut.

After all, it’s Obamacare that sets a minimum standard for insurance, so that all policies include comprehensive benefits and set limits on out-of-pocket spending. It’s Obamacare that puts coverage within financial reach of many more people than before, by offering those subsidies and then, for some people, reducing out-of-pocket expenses even more. In the old days, it wasn’t so hard to find tear-jerker anecdotes: People without insurance or with inadequate insurance were filing for bankruptcy, losing their homes, and missing out on essential medicine. Now those stories are less common and, for the most part, they are among people who had these same problems previously. Telling the stories of these people would be a rationale for expanding the Affordable Care Act, not repealing it.

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Christian Caryl: President Obama Takes A Big Risk And Scores A Big Win For Democracy — And No One Gives A Damn

President Obama pulled off a master stroke this week. He deployedU.S. military force in support of an infant democracy that desperately needs our help. The result was a resounding success, a vivid illustration of how the United States can put its unchallenged power to positive ends. He did it, once again, by sending in the SEALs, the U.S. Navy’s famous special forces. But this time they weren’t double-tapping a terrorist. Instead they seized a mysterious tanker that had skipped out of Libya with a shipment of oil that one of the country’s rogue militias was trying to sell on the open market. By doing it the SEALs foiled a potentially game-changing challenge to the authority of Libya’s hard-pressed government – one of the very few in the Arab world to have actually been elected by its own country’s people.

The reaction in Washington: a giant yawn. Deafening silence from Sens. John McCain and Lindsey Graham, who are always quick to demand U.S. military action in situations where it will usually make things worse. Fox News barely noticed. Nor was there a word of praise from the president’s liberal allies on Capitol Hill. Even theNew York Times ran a perfunctory report. And as for the rest of America: Well, hey, the NCAA tournament is getting under way, and there are big controversies from the world of reality TV that need attending to. The collective disinterest is even more appalling when you consider that the country we just helped is Libya. You remember, right — the place where our ambassador was killed by terrorists two years ago? The president’s critics never tire of bringing that up, since they can use it to score political points against him

Oil is Libya’s lifeblood. The economy entirely depends on it; turn off the taps and everything grinds to a halt. Make no mistake: This was not “leading from behind.” This was an act of daring from a president who’s often typecast as too passive for his own good. But it was also a smart, calculated move — a truly surgical operation of a kind that probably only the United States could have pulled off with such confidence. It sends exactly the message that needs to be sent: If you try freelancing with oil resources that rightfully belong to the Libyan people, you won’t get far.

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Think Progress: The Burger Chain That Pays $10 An Hour With Benefits

Shake Shack, a burger chain with locations in Florida, New Jersey, New York, Pennsylvania, Washington, D.C. as well as international locations in the Middle East, Russia, Turkey, and the United Kingdom, pays starting workers $9.50 an hour outside of New York City and $10 an hour for New Yorkers, CEO Randy Garutti told ThinkProgress. It also offers full-time employees health, dental, vision, retirement, and disability benefits plus paid time off. But on average, workers get $10.70 an hour thanks to a program it calls Shack Bucks. Every month, it gives employees a percentage of the company’s top-line sales. The company pays about 70 percent of employees’ health care premiums and also matches contributions to their 401(k)s.

Michigan’s Moo Cluck Moo pays entry-level workers $15 an hour, a move its owners say leads to less turnover, better customer service, and more skilled employees. In-N-Out, a West Coast burger chain, pays $10.50 an hour for entry-level employees. Outside of the burger world, Boston-based burrito chain Boloco pays starting workers anywhere from $9 to $11 an hour, which the owner says increases loyalty and productivity and, in turn, profitability. In light of the conversation to raise the minimum wage, others have decided to join in. Two pizza companies in St. Louis will soon pay at least $10.10 an hour. It has also spread outside of the food industry: clothing retailer The Gap recently announced it will also raise its lowest wage to $10.

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Sy Mukherjee: Insurance Giant Raises Its Profit Forecast Amid Surging Obamacare Enrollment

WellPoint, the insurance giant that encompasses the Anthem and Blue Cross Blue Shield brands, has raised its 2014 profit forecast after gaining more than a million new customers largely thanks to the Affordable Care Act. According to WellPoint CEO Joseph Swedish, the company now expects more than $8.20 per share in net income versus the $8.00 per share it was originally expecting, “driven by growth of 1.0 to 1.3 million net new medical members and mid-single digit percent increases in both operating revenue and operating gain.” Swedish even mentions Obamacare marketplaces specifically as a source of continuing growth.

“While it is early in 2014, we are encouraged by results thus far across our businesses and we believe [Obamacare] Exchanges are tracking our general expectations,” Swedish said in a press release. “As such, we are raising our 2014 earnings outlook… Our updated outlook reflects solid growth in membership, revenue and operating earnings. Our outlook also remains prudent in light of the dynamic nature of the marketplace, and we believe this is a point from which we will grow in the future.” WellPoint and its subsidiaries are selling policies in 14 states’ Obamacare marketplaces. Swedish has consistently been bullish about Obamacare enrollment — which surpassed five million private health plan signups earlier this week — both for this year and over the coming decade.

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Sandra Chereb: Nevada Sees Surge In Medicaid Enrollments

Nevada Medicaid enrollments under federal health care reform have surpassed initial projections and are on pace to reach 500,000 by summer, a mark initially not expected to be reached until the end of the 2015 fiscal year, a state official said. Mike Willden, director of the Department of Health and Human Services, said his agency has a backlog of 60,000 pending Medicaid applications, and he may need to speed up hiring to keep up with the demand. “We’ve doubled capacity. We really need to triple capacity,” Willden told the Board of Examiners on Tuesday. The Division of Welfare and Supportive Services began receiving electronic enrollments through Nevada’s health insurance exchange,

Nevada Health Link, in October. At the start, the agency was receiving about 121 applications per day electronically, representing about 40 percent of all Medicaid applications, Willden said. By December, “the floodgates opened” and enrollments jumped dramatically, sometimes reaching 3,000 per day, Willden said. “Since mid-December, the pipeline is wide-open and we are getting thousands of Medicaid applications each and every day,” he said. Under President Barack Obama’s health care law, states were given the option to expand Medicaid eligibility to include people up to 138 percent of the federal poverty level. When the current fiscal year began July 1, Nevada had 320,000 enrolled in Medicaid. By February, that number spiked to 402,000.

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On This Day:

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President Obama talks with National Economic Council Director Larry Summers and Treasury Secretary Timothy Geithner following a meeting in the Oval Office, March 23, 2009 (Photo by Pete Souza)

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Continue reading ‘Rise and Shine’

12
Jan
14

Rise and Shine

On This Day: President Obama hugs first lady Michelle Obama after speaking at a memorial service at McKale Center on the University of Arizona campus, Jan. 12, 2011, in Tucson, Ariz

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The Week Ahead:

Monday: The President will welcome the President of Spain, Mariano Rajoy Brey, to the White House

Tuesday: The President will hold a Cabinet meeting, and in the afternoon he will welcome the 2013 NBA Champion Miami Heat to the White House to honor the team on winning their second straight championship title

Wednesday: The President will travel to Raleigh, North Carolina, for an event on the economy

Thursday: The President and First Lady will host an event at the White House on expanding college opportunity

Friday: The President will make remarks about the outcome of the review that he has led on the issue of signal intelligence

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Name: Lindsey Carmichael

Occupation: Social services, Paraolympian

Why is having health care important to you?

If I didn’t have access to health care I couldn’t imagine what my life would be like. The health care technology we have today is a blessing. The idea that we’re not sharing that with as many people as possible is crazy to me.

How did it feel to learn about the new health care options available to you?

It made me feel relieved and a little bit more in control.

Getting covered means: a piece of mind to keep living my life.

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@nycjim: What Chris Christie woke up to this morning.

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Media Matters: How The Media Marketed Chris Christie’s Straight Shooter Charade

He’s been relentlessly and adoringly depicted as some sort of Straight Shooter. He’s an authentic and bipartisan Every Man, a master communicator, and that rare politician who cuts through the stagecraft and delivers hard truths.  Christie’s coverage has been a long-running, and rather extreme, case of personality trumping substance. The truth is Christie was never the Straight Shooter that political reporters and pundits made him out to be. Not even close, as I’ll detail below. Instead, the Straight Shooter story represented appealing fiction for the press. They tagged him as “authentic” and loved it when he got into yelling matches with voters.

In August of 2010, the state was shocked to discover it had narrowly missed out on $400 million worth of desperately needed education aid from the federal government because New Jersey’s application for the grant was flawed. Christie initially tried to blame the Obama administration but that claim was shown to be false. Christie’s own Education Commissioner then publicly blamed Christie for the failure to land the money. He insisted the governor, who famously feuds with the state’s teacher unions, had placed that political battle and his right-wing credentials ahead of securing the federal funds and that Christie had told him the “money was not worth it” to the state if it meant he had to cooperate with teachers. In November 2010, the U.S. Department of Justice inspector general found that while serving as U.S. attorney, Christie routinely billed taxpayers for luxury hotels on trips and failed to follow federal travel regulations.

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Martin Longman: Christie Showed His Stripes As U.S. Attorney

The dismissal of U.S. attorneys controversy of 2007 has been largely forgotten, but it was a very big deal at the time. It resulted in the resignations of the Attorney General, the Deputy Attorney General, the Acting Associate Attorney General, the chief of staff for the Attorney General, the chief of staff for the Deputy Attorney General, the Director of the Executive Office for U.S. Attorneys, the former acting Assistant Attorney General for the Civil Rights Division, and the Department of Justice’s White House Liaison. It was a total disaster for the Bush administration that was the natural result of a conspiracy to deliberately politicize the Justice Department. The U.S. Attorneys who were fired were fired for insufficient partisan zeal. In some cases, they refused to open meritless voter fraud cases. In other cases, they wouldn’t open meritless investigations on Democratic politicians. In still other cases, they were actually investigating lawbreaking by Republicans.

So, one of the takeaways from the scandal was that the U.S. Attorneys who weren’tdismissed were incredibly suspect. The attorneys who were found acceptable to the Bush administration were the ones who would launch phony investigations against innocent people and who would cover up criminal activity if is was carried out by Bush’s allies. Chris Christie was a U.S. Attorney who passed that test. He was considered sufficiently corrupt (or corruptible) to remain a U.S. Attorney in Alberto Gonzales’s (and Karl Rove’s) Justice Department.

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Adario Strange: 5 Hospitalized After West Virginia Water Contamination Crisis

Five people have been hospitalized following a major water-contamination crisis in West Virginia, according to local news reports. Although the exact reasons for the hospitalizations have yet to be confirmed, local reports suggest that the patients’ symptoms could have been caused by chemical contamination of the water supply. Government officials in West Virginia declared a state of emergency on Thursday in nine counties due to water contamination that has impacted over 300,000 local residents. Due to the contaminated supply, residents in the affected areas have been unable to drink tap water or use it to bathe, cook or even wash clothes for several days.

The situation reached a critical point Thursday when residents of Kanawha County reported smelling a licorice smell in the air, which was traced back to a 35,000-gallon chemical storage tank based near the Elk River. Operated by Freedom Industries, the storage tank reportedly overflowed and eventually contaminated the water supply maintained by the West Virginia American Water Co. plant, according to CNN. Freedom Industries president Gary Southern held a televised press conference Friday during which he answered questions about the accident, while sipping a bottle of Aquafina water. “At this point, Freedom Industries is still working to determine the amount of 4-methylcyclohexanemethanol, or Crude MCHM, a chemical used in processing coal, that has been released, as the first priority was safety, containment and cleanup.”

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BBC: BP Loses Bid Over Gulf Oil Payouts

BP has lost an appeal to cancel the terms of its multi-billion-dollar settlement with businesses over the 2010 Gulf of Mexico oil spill disaster. A US federal appeals court on Saturday upheld the terms of the original 2012 settlement. The UK oil giant has supported compensation for businesses harmed by the disaster.

But it argued that the terms of the existing deal meant that some huge sums were being paid for false claims. In 2012, BP agreed to make payments to those who suffered economic losses as a result of the disaster aboard the Deepwater Horizon drilling rig, which triggered the worst offshore oil spill in US history. The blast killed 11 workers and released an estimated four million barrels of oil into the gulf.

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The Economist: He May Be Getting Somewhere, After All

FEW believed that John Kerry, the American secretary of state, would manage to haul the Israelis and Palestinians back into the negotiating room, let alone get them to discuss anything of substance. Yet six months since talks began, he may be able to present, within weeks, a “framework agreement”, after which final details must be hammered out. Diplomats who had mocked his dogged prophetic conviction now sound shocked by his progress. Rejectionists on both sides who quietly presumed that the process would collapse under its own weight now express alarm. Consternation and confusion are visible on the faces of some ministers in Binyamin Netanyahu’s Israeli government.

Mr Kerry’s methodical midwifery may be paying off. His team of 120, including four generals, has almost as great a command of detail as do the Israelis and Palestinians. He hugs the foreign minister, Avigdor Lieberman, a former firebrand who vilified Palestinians and was cordially detested by them in return, whereas his predecessor, Hillary Clinton, used to shun him. Mr Lieberman nowadays praises Mr Kerry for bringing peace closer than ever, and has turned the ten naysayers in his party’s parliamentary bloc into yes men. Yair Lapid, the finance minister, has come out strongly in favour, bringing onside his 19 parliamentarians, the second-biggest party in the 120-strong Knesset. Mr Kerry’s people have also courted the black-hatted Haredim, or ultra-Orthodox. All told, he has overseen a remarkable turnaround. After the election at the beginning of last year, a narrow majority in the Knesset would have shied from a negotiated two-state solution. Now, according to insiders, its members stand 85-35 or so in its favour.

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Jonathan Chait: That Awkward Moment When Republicans Have To Hurt The Poor Before They Can Love Them

“Poverty,” reports the New York Times, “is suddenly the subject of bipartisan embrace.” Before poor people get too excited about this new development, some clarification may be in order. The parties are not embracing a shared program to alleviate poverty, nor even the goal of doing something at all about poverty anytime soon. There is merely shared agreement to discuss poverty as a subject. What hasn’t changed is the general shape of the Republican economic agenda in either the long run or the short run. Republicans agree that government takes too much from the rich and gives too much to the non-rich, and its domestic agenda is constructed largely as a corrective to what Republicans see as excessive redistribution.

Republicans also believe that nothing about the immediate labor market requires any changes to their general economic policies. (That is, they don’t believe high unemployment justifies temporarily relaxing their opposition to deficit spending or to worry less about coddling the unemployed.) The near-term agenda remains completely unaltered. Republicans remain unified in their desire to cut food stamps and end emergency unemployment benefits unless offset by other cuts to domestic spending. Nearly all support ongoing state-based campaigns to deny Medicaid coverage to uninsured people too poor to qualify for tax credits to buy private insurance.

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Chris Geidner: Obama Administration To Recognize Utah Same-Sex Couples’ Marriages

The federal government will recognize the marriages of same-sex couples who married in Utah in recent weeks, the Justice Department announced Friday. Approximately 1,360 same-sex couples married between Dec. 20, 2013 — when U.S. District Court Judge Robert J. Shelby found the state’s ban on same-sex couples’ marriages to be unconstitutional — and this Monday, when the Supreme Court put new marriages of same-sex couples on hold pending the state’s appeal of Shelby’s ruling.

In a video released by the Justice Department on Friday, Attorney General Eric Holder announced, “I am confirming today that, for purposes of federal law, these marriages will be recognized as lawful and considered eligible for all relevant federal benefits on the same terms as other same-sex marriages.” Specifically, he noted, “In the days ahead, we will continue to coordinate across the federal government to ensure the timely provision of every federal benefit to which Utah couples and couples throughout the country are entitled — regardless of whether they are in same-sex or opposite-sex marriages.”

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Let’s Enroll Texas

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On This Day:

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01
Dec
13

Rise and Shine

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

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

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

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

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

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

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

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

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@ACASuccessStory

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

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

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

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

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

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

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

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

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

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

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

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

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

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UnmitigatedDisasters

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

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

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

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

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

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

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

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

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

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

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On This Day:

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

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

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

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

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

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

25
Jun
12

Rise and Shine

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12:05: President Obama departs the White House en route Joint Base Andrews

12:20: Departs Joint Base Andrews en route Portsmouth, New Hampshire

1:35: Arrives in Portsmouth

2:05: Delivers remarks at a campaign event at Oyster River High School (live coverage)

4:05: Departs Portsmouth en route Boston, Massachusetts

4:30: Arrives in Boston

5:10: Attends a campaign event (closed press)

7:35: Delivers remarks at a campaign event (live coverage)

9:25: Delivers remarks at a campaign event (private residence)

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Tuesday: The President will travel to Atlanta and Miami to attend campaign events. He will return to Washington in the evening.

Wednesday: Will meet with Abu Dhabi Crown Prince Mohammed Bin Zayed. In the evening, the President and First Lady will host a picnic for Members of Congress at the White House.

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

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Peter Cohan (Telegram): When he was running for President in 2008, Barack Obama struck me as a gifted orator. But now that he’s running for re-election, it feels to me that the messaging power of his political opponents is like Hurricane Katrina blowing against a chipmunk’s squeal.

So I am confident that a piece of excellent news for drivers resulting from a little-noticed policy from Mr. Obama will get no attention at all from the media.

In April, I predicted that President Obama’s $52 million plan to increase the margin requirements and otherwise tighten the screws on oil speculators — who borrow huge sums to bet on the direction of oil without taking delivery — would cut oil prices by 10 percent. He’s beaten that prediction, and the lowered price of gasoline has added $78.4 billion to its consumers’ spending power.

More here

Thanks Jovie

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Michael Tomasky: Democrats Should Come Out Swinging Against the Court – If the Supreme Court overturns the health-care law, Democrats will be tempted to sulk and feel sorry for themselves. But that’s the last thing they should do.

I expect, as I think most of us do, an unfriendly decision (from the Democratic point of view) on the health-care law. Can’t yet say how unfriendly; at the very least, an overturning of the individual mandate, and maybe more. Assuming that’s correct, the question immediately becomes how the president and the Democrats should respond. There’s very little they can do legislatively. But I’ll be watching for rhetoric, tone, even body language. And on those counts, they had damn well better dispense with the usual liberal woe-is-me hand-wringing and shoulder slumping and come out swinging.

They had better communicate to their base that they stand for something, it’s important to them, and they’re pissed. And if they do it the right way, they can make the Supreme Court an issue this fall in a way that might even persuade some swing voters that the court overstepped its bounds. I’d go so far as to say that an aggressive response can reset and reframe the whole health-care debate, once Americans have had their minds focused on this by a blatantly partisan court.

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Cagle

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Jonathan Cohn: Do you care how the Supreme Court rules on health care reform this week? I don’t mean in the political sense. I mean in the personal sense — because the law’s fate is a very personal matter for many millions of Americans.

They’re the Americans who have diabetes and Crohn’s disease, cancer and hay fever. They’re the Americans who don’t have access to health benefits and the Americans who have access to health benefits but can’t afford to pay for them…..

The Affordable Care Act won’t help all of these people. But it will help an awful lot of them. In fact, it’s already starting to make a difference….

….. by and large, the Affordable Care Act seems to be working …. Will the Supreme Court stop this progress? … a decision to strike down even part of the law would have grave consequences — for the court’s legitimacy and, perhaps, the norms that make our constitutional system function. It’d also have grave consequences for the people whose employment, financial, or medical status renders them vulnerable — a group that may someday include you, if it doesn’t already.

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Cagle

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E.J. Dionne: Any day now, the U.S. Supreme Court may make possible something that has yet to happen: an honest and complete discussion of the Patient Protection and Affordable Care Act (ACA).

And if it throws out all or part of the law now popularly known as “Obamacare,” we will need a fearless conversation about how a conservative majority of the court has become a cog in a larger right-wing project to make progressive political and legislative victories impossible.

… Maybe now, supporters of the ACA will find their voices and point to the 30 million people the law would help to buy health insurance, how much assistance it gives businesses, how it creates a more rational health insurance market, how it helps those 26 and under stay on their parents’ health plans, how it protects those with pre-existing conditions. “Obamacare” isn’t about President Obama. It’s about beginning to bring an end to the scandal of a very rich nation leaving so many of its citizens without basic health coverage…..

…. Were the health-care law to be eviscerated, those who battled so hard on its behalf might draw at least bittersweet comfort from what could be called the Joni Mitchell Rule, named after the folk singer who instructed us that “you don’t know what you’ve got till it’s gone.”

More here

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Cagle

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Bloomberg: The U.S. Supreme Court should uphold a law requiring most Americans to have health insurance if the justices follow legal precedent, according to 19 of 21 constitutional law professors who ventured an opinion on the most-anticipated ruling in years.

Only eight of them predicted the court would do so.

“The precedent makes this a very easy case,” said Christina Whitman, a University of Michigan law professor. “But the oral argument indicated that the more conservative justices are striving to find a way to strike down the mandate.”

…. There was broad agreement that the ruling, barely four months before November’s presidential election, has the potential to hurt the Supreme Court’s reputation as an impartial institution.

Eighteen of the 21 professors said the court’s credibility will be damaged if the insurance requirement – which passed Congress without a single Republican vote – is ruled unconstitutional by a 5-4 majority of justices appointed by Republican presidents.

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McClatchy

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Steve Benen: Earlier this year, when Texas Gov. Rick Perry was still a presidential candidate, he took aim at Mitt Romney’s controversial private-sector background. Perry told voters, “There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business.”

…. In several instances, even when Romney’s firm drove companies into bankruptcy, and even when Bain’s own investors lost, Romney made millions, thanks to fees he charged the companies has they spiraled towards collapse. Taking risks may be a key element to successful capitalism, but this Republican created a system in which risk taking wasn’t necessary.

As far as the election is concerned, Romney is telling voters this background helps prove his qualifications for the presidency. I still haven’t the foggiest idea why.

Full post here

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Cagle

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Thanks Pamela

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Morning everyone




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