Posts Tagged ‘richard

17
Oct
14

The President’s Day

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President Barack Obama smiles after signing an executive order to improve security measures for government credit and debit cards during an event at the Consumer Financial Protection Bureau

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President Barack Obama signs an executive order to strengthen credit card security after explaining his administration’s plan on safeguarding American consumers and their financial security

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President Barack Obama shakes hands with the director of the Consumer Financial Protection Bureau Richard Cordray

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22
Jul
14

Rise and Shine

On This Day: President Obama hugs Stephanie Davies, who helped keep her friend, Allie Young, left, alive after she was shot during the movie theater shootings in Aurora, Colorado. The President visited patients and family members affected by the shootings at the University of Colorado Hospital, July 22, 2012. (Photo by Pete Souza)

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Today

All times Eastern

10:35: The President meets with Apollo 11 representatives to recognize the 45th anniversary of the moon landing

11:0: Josh Earnest briefs the press

12:10: The President signs H.R. 803, the Workforce Innovation and Opportunity Act, South Court Auditorium

1:0 Departs the White House

3:30: Drink Up! with First Lady Michelle Obama, The White House

All times PDT

3:15: President Obama arrives Seattle, Washington

5:05: Attends a DNC fundraiser; private residence, Seattle

6:0: Attends a fundraiser for Senate Democrats; private residence, Bellevue, Washington

7:25: Departs Seattle

9:10: Arrives San Francisco

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The Week Ahead here

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Reuters: Obama, Biden Highlight Job-Training In Middle-Class Push

President Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in November elections.

Obama will sign the “Workforce Innovation and Opportunity Act,” which the White House said would help “improve business engagement and accountability across federally funded training programs.”

Biden will unveil a new report that will show the results of a study about how to make federal training programs more successful and better tailored to employers’ needs.

More here

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ThinkProgress: Palestinian Civilians Make Up Three-Quarters Of The Dead In Gaza

The Israeli ground operation in Gaza extended on Monday, as international calls for a cease-fire mounted and the death toll continued to increase. While Israel lost several soldiers in the last day, the number of those killed during the latest iteration of the war between Hamas and Israel has been disproportionate, with the vast majority of the dead being both Palestinian and civilian.

The United Nations Office for the Coordination of Humanitarian Assistance (OCHA) publishes a daily snapshot of the crisis, pulling together the numbers from health officials in Gaza and reports from the various humanitarian organizations in the field. In their last report, which covered from July 19 -20, they noted that 3,008 Palestinians had been injured in the course of the fighting, “904 of whom are children and 533 women.” And at the time the report was published on Sunday, the number of those killed was 395: 375 on the Palestinian side “including 270 civilians, of whom 83 are children and 36 women” and 20 Israelis “including two civilians and 18 soldiers.”

More here

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Ian Millhiser: BREAKING: Two Republican Judges Order Obamacare Defunded

Near the end of 2013, Sen. Ted Cruz (R-TX) led a final crusade to defund the Affordable Care Act, eventually announcing on the Senate floor that “I intend to speak in opposition to Obamacare, I intend to speak in support of defunding Obamacare, until I am no longer able to stand.” Cruz did succeed in goading his fellow Republicans into shutting down the federal government, but his effort was ultimately doomed. The American people’s elected representatives voted not to defund Obamacare, and the shutdown ended.

On Tuesday, two Republican judges voted to rewrite this history. Under Halbig v. Burwell, a decision handed down by Judge Raymond Randolph, a Bush I appointee, and Judge Thomas Griffith, a Bush II appointee, millions of Americans will lose the federal health insurance subsidies provided to them under the Affordable Care Act — or, at least, they will lose these subsidies if Randolph and Griffith’s decision is ultimately upheld on appeal. Ted Cruz is undoubtedly smiling today. Two unelected Republicans just voted to erase his most embarrassing and most public defeat, and they voted to take away millions of Americans health care in the process.

More here

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TPM: Journalist Who Accused MSNBC Of Pro-Israel Bias: I’ve Been Canceled!

After expressing some candid on-air criticism of MSNBC, network contributor Rula Jebreal is wondering if she’s in the cable news channel’s dog house. Jebreal said in a tweet Monday evening that her “forthcoming TV appearances” had been canceled. The Palestinian journalist also questioned if there might be a “link” between the cancelations and her comments earlier in the day in which she said MSNBC’s coverage had been biased toward Israel amid the nation’s ongoing conflict with Hamas.

While appearing on Monday’s episode of “Ronan Farrow Daily,” Jebreal said the channel’s coverage of the conflict was too favorable toward Israel. She even singled out Andrea Mitchell, the NBC News foreign affairs correspondent and MSNBC host. “Look at how many airtime Netanyahu and his folks have on air on a daily basis. Andrea Mitchell and others,” Jebreal said. “I never see one Palestinian being interviewed on theses same issues.”

More here

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U.S. President Obama waves with Cordray during a trip Cleveland

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Amy Traub: The Enduring Success Of The CFPB At Three

Three years ago today the US Consumer Financial Protection Bureau opened its doors. It was a new government agency produced by the Dodd-Frank Act: part of Congress’ attempt to address the rampant misconduct by banks, mortgage lenders, ratings agencies and other financial institutions that brought on the 2008 financial crisis and started the Great Recession. In its three years of existence, the CFPB has already forced credit card companies to return $1.5 billion to consumers that they deceived with fraudulent add on products; reformed mortgage lending rules to ensure borrowers have a genuine ability to repay their loans; and began to sue student loan companies for predatory practices, among many other accomplishments. The agency also handles direct consumer complaints about abusive and deceptive financial products and services—400,000 of them so far. It’s a highly impressive record for a fledging agency.

Now the CFPB wants to let consumers take their complaints public, going beyond the existing database of bare-bones information to enable consumers to provide a full narrative with context about the financial products or services they believe harmed them and how the problem has impacted their lives. Consumers can anonymously tell the whole story about the credit reporting company that refused to remove a blatant error from their report, the mortgage servicer that started a foreclosure despite a history of on-time payments, or the car dealership that marketed deceptive auto loans. The companies they are complaining against would have an opportunity post a public response that would appear alongside the complaint at the same time it is made public.

More here

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Martin Shaw: Wagging The Dog: Gaza & MH17 Plane Deaths Stem From Netanyahu, Putin, Search For Popularity

The Ukraine and Gaza crises alike demonstrate the risks of aggressive policy based on short-term calculations. Vladimir Putin and Binyamin Netanyahu’s war-as-politics invites damaging long-term consequences.

The slaughters in Ukraine and Gaza have one thing in common. Both result from governments authorising violence which is overwhelmingly motivated by domestic politics and appears almost gratuitous from a strategic point of view. Such policies promise short-term domestic popularity, but risk losing international credibility and producing serious blowback. Vladimir Putin is now finding this out. Binyamin Netanyahu should take note: the blowback for Israel could be far more serious.

More here

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Michael Krancer: The Surprising Reasons Why Lowering CO2 Emissions Will Drive Our Electricity Bills Down, Not Up

If the customer wants clean energy, he’ll have to pay for it, right? Wrong. There’s actually no premium attached to low-carbon power, state utility regulators heard last week at their annual conference in Dallas. I’ll cut to the chase. Check out this report from Analysis Group, a five-star consultancy based in Boston, who presented at the conference. “Based on our own analysis and experience, we believe that the impacts on electricity rates from well-designed CO2-pollution control programs will be modest in the near term, and can be accompanied by long-term benefits in the form of lower electricity bills and positive economic value to state and regional economies.”

Here’s the back-of-the-envelope math. The EPA says that the Clean Power Plan—America’s no-nonsense blueprint to cut carbon pollution from its power plants—will cost between $4.3 billion to $7.5 billion per year by 2020. Let’s take a mean of $5.9 billion for the sake of fairness. That’s a mere 1.6 percent of America’s total spending of $363.7 billion on electricity in 2012. If you want an itemized bill, that $5.9 billion will include investment in cleaner generation, including increased zero-carbon low-cost nuclear power, the expense of wringing efficiencies from existing plants, fuel-switching costs, and “demand-side” efficiency measures—which translates to getting your customer use power more smartly.

More here

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Steve Benen: Russia’s U.S. Standing Plummets, Still More Popular Than Congress

It wasn’t too long ago that Russia was fairly popular in the minds in the American mainstream …. It takes real effort to go from 41% to 19% favorability in the course of five months.

But what stands out for me is a CNN poll from a few weeks ago that said Congress has a 14% approval rating.

Let’s pause to appreciate what this is telling us.

Most Americans believe that Russia will try to cover up its possible involvement in the death of 298 people ….. despite this recent bloodshed, still very much on the minds of millions, Russia is still a few points more popular than Congress.

More here

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The People’s View: Elizabeth Warren, Barack Obama, And Lessons In Reform And Pragmatism

This will be a little hard to hear for the fashionable Lefty detractors of the president’s: Sen. Elizabeth Warren is openly celebrating President Obama’s financial reform law. There have always been detractors who routinely bemoan the Barack Obama’s “capitulation” and “friendliness” to big banks, presenting as evidence what they call a meaningless banking reform bill – Dodd-Frank – the president’s key financial reform accomplishment. In the next breath, they lament why Barack Obama could not “fight” the banks like Elizabeth Warren – with no hint of irony that a key part of President Obama’s financial reform is Warren’s brainchild: the Consumer Financial Protection Bureau. Even when acknowledged, the moaning crowd is still upset that Warren is now a United States Senator rather than the head of CFPB.

And of course… no perpwalks on Wall Street! Because, what good is reform without theater? Today is the fourth anniversary of the most significant financial reform law since the 1930s, which among other things created the Consumer Financial Protection Bureau. This is a fact not often noticed by those who see Warren as salvation from the “compromiser in chief” Obama, but the gravity of the achievement certainly did not escape Warren herself. On her Facebook page and in an email sent to supporters, Warren has two words for Dodd-Frank and the CFPB: It worked.

More here

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Stephanie Armour: Health Plans Must Disclose Changes To Contraceptive Coverage

The Obama administration said that employers that stop covering contraceptives in workers’ health plans under a Supreme Court ruling must disclose the change to beneficiaries. The court’s late-June Hobby Lobby decision allows some closely held companies to opt out of the Affordable Care Act’s contraceptive requirement on religious grounds. The administration’s notice Thursday made clear that if all or a subset of contraceptive services aren’t covered under a group health plan,

beneficiaries must be informed of the extent of the exclusions. Federal law covering pension and health plans requires that employers alert employees if they change or drop benefits. Plans that reduce or eliminate coverage must provide expedited notification, generally no longer than 60 days after the change. The requirement applies to all group health plans, including those that pay workers’ health claims directly and those that rely on an insurer for that.

More here

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On This Day

Sen. Barack Obama speaks as Sen. Chuck Hagel listens during a news conference at the citadel July 22, 2008 in Amman, Jordan

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Continue reading ‘Rise and Shine’

29
May
14

“We’re The Best Chefs In The Game!”

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21
May
14

Legion Of Boom And Twelfth Man Come To The White House

@petesouza: President Obama holds a 12th man flag with the Super Bowl Champs Seattle Seahawks

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President Barack Obama shakes hands with Seattle Seahawks cornerback Richard Sherman, accompanied by quarterback Russell Wilson, and wide receiver Doug Baldwin

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ABC News: Obama Salutes Super Bowl Champion Seattle Seahawks

President Barack Obama congratulated the Super Bowl champion Seattle Seahawks on Wednesday, saluting their victories on the field and their contributions to their community. Noting that some football analysts didn’t see Seattle as a top-tier team, Obama said he especially appreciated the team overcoming long odds.

“As a guy who was elected president named Barack Obama, I root for the underdog,” the president joked. The Seahawks clinched their first Super Bowl victory in the history of the franchise in February by beating the Denver Broncos 43-8.

More here

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President Barack Obama talks with Seattle Seahawks Executive VP of Football Operations & Head Coach Pete Carroll

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Rep. Cathy McMorris Rodgers, R-Wash., takes a photo of President Barack Obama as Rep. Jaime Herrera Beutler, R-Wash talks to him

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Seattle Seahawks players take photographs of President Barack Obama

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05
Feb
14

Rise and Shine

On This Day: President Obama greets a young visitor in the Oval Office, Feb. 5, 2010 (Photo by Pete Souza)

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Presidential Daily Schedule (All Times Eastern):

10:45: President Obama receives the Presidential Daily Briefing

11:30: Meets with senior advisors

1:45: Meets with Democratic Senators at the Senate Democratic Issues Conference; Washington Nationals Park

4:0: Meets with Treasury Secretary Lew

4:45: Meets with Secretary of State Kerry

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Michael Hiltzik: Why The New CBO Report On Obamacare Is Good News

The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines:

— The ACA is cheaper than it expected.

— It will “markedly increase” the number of Americans with health insurance.

— The risk-adjustment provisions, which Congressional Republicans want to overturn as a “bailout” of the insurance industry, will actually turn a profit to the U.S. Treasury.

…. The ACA will increase the number of Americans with health insurance by 13 million this year, 20 million next year, and 25 million a year from then through 2024. Some 80% of those enrollees will be receiving federal subsidies to keep their coverage affordable.

There will be fewer uninsured people living in the United States, and most of those with individual coverage will be getting help to pay for it. Is there another other conclusion to draw from those statistics than the Affordable Care Act is working?

Full article here

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Washington Post: The media’s massive revisions on CBO-Obamacare story

The Post’s Glenn Kessler today published a fact-checking post breaking some news: No, he wrote, the Congressional Budget Office (CBO) never, ever reported that Obamacare would somehow or other kill more than 2 million U.S. jobs.

Okay, to say that Kessler broke this news is a rhetorical exaggeration to highlight the point that many-o-many media outlets misconstrued the CBO findings. For a while this morning, the Internet was hopping with job-killing hype, when in fact the truth was vastly different. Obamacare’s impact, the CBO concluded, would lessen the supply of labor by encouraging certain folks not to work: “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor, so it will appear almost entirely as a reduction in labor force participation and in hours worked. . . .”

For someone approaching retirement, notes Kessler, Obamacare could well mean that they needn’t hold onto a bad job just to keep health insurance. That’s a far different dynamic from job-killing.

More here

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Image: Supreme Court Upholds Obama's Affordable Care Act

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Steve Benen: CBO Delivers Welcome News To Obamacare Backers

If Republican press releases and reports from conservative and major media outlets are any indication, the Congressional Budget Office’s findings on the Affordable Care Act are simply brutal. National Review, which probably published its report before actually looking at the CBO’s findings, ran this headline: “The CBO Just Nuked Obamacare.”

As we discussed earlier, the coverage has been profoundly misleading. Despite what Americans are being told, the CBO did not find that the health care reform law would cost the nation over 2 million jobs. What it actually said is that the law will empower more than 2 million Americans to leave the workforce if they want to, no longer feeling forced to stay at a job in order to have benefits for them and their family.

Why “Obamacare” critics consider this a bad thing remains unclear….

More here

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ThinkProgress: Obamacare Finally Gives Workers The Freedom Conservatives Demanded

On Tuesday, the Congressional Budget Office projected that The Affordable Care Act will reduce the number of full-time workers by 2.3 million in 2021, leading critics to seize on the claim as evidence that the health care law is undermining job growth.

But that’s not what the CBO actually said. In fact, CBO economists write that “[t]he estimated reduction [in labor] stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor.” Americans won’t be losing their jobs, but people who are only working to maintain access to their employer sponsored health insurance plans will be able to leave the workforce or work fewer hours because they can obtain coverage elsewhere. That’s a goal that prominent Republicans, conservative think tanks and policy analysts have supported for years…..

More here

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National Memo: Obamacare — The Greatest Pro-Life Victory Ever  

A new report finds that between 2008 and 2011, the abortion rate hit its lowest point since 1973, when Roe v. Wade declared access to the procedure a Constitutional right.

The rate fell 13 percent to 16.9 per 1,000 women in 2011, down from its peak of 29.3 per 1,000 in 1981.

While conservatives want to claim credit for the decline with onerous restrictions on a woman’s right to choose, the availability of contraception and family planning deserve most of the credit, according to the Guttmacher Institute’s Rachel Jones, the lead author of the study.

More here

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Yahoo: New Report: Budget Deficit To Drop To $514B

A new report released Tuesday says the government’s budget deficit is set to fall to $514 billion for the current year, down substantially from last year and the lowest by far since President Barack Obama took office five years ago. The Congressional Budget Office report credits higher tax revenues from the rebounding economy and sharp curbs on agency spending as the chief reason for the deficit’s short-term decline.

Last year’s deficit registered $680 billion. Obama inherited an economy in crisis and first-ever deficits exceeding $1 trillion. The 2009 deficit, swelled by the costs of the Wall Street bailout, hit a record $1.4 trillion, while the deficits of 2010 and 2011 both registered $1.3 trillion. The report predicted the economy will continue to rebound this year and grow at a 3.1 percent rate and by 3.4 percent next year. It foresees the jobless rate holding steady at 6.8 percent this year; the most recent nationwide unemployment rate registered 6.7 percent.

More here

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Tal Kopan: Emmitt Smith Gives Wendy Davis Committee $10K

Team Wendy just landed an all-star running back. Former Dallas Cowboys running back and NFL MVP Emmitt Smith donated $10,000 to the committee backing Wendy Davis’s campaign for Texas governor last month. According to campaign filings, the CEO of EJSmith Enterprises donated the money on Jan. 8 to Texas Victory Committee, a joint effort from Wendy Davis for Governor and Battleground Texas, a group that supports Democrats in the state.

More here

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Jonathan Chait: ‘Obamacare Bailout’ Does Not Exist, Confirms Government; House Republicans Demand Its Repeal Anyway

As of yesterday, House Republicans were torn, Sophie’s Choice-style, over what to demand in return for lifting the debt ceiling to accommodate the budget they passed. (Caveat: I’ve never seen Sophie’s Choice; I assume it’s a movie about a bungling kidnapper who has to choose what ransom she should demand.) One option was the Keystone XL pipeline. The other was the risk corridor provision in Obamacare, which they falsely call a “bailout.”

Here’s what happened next. First, the Congressional Budget Office released its annual budget report, and, among other things, it utterly annihilated the premise that there is any such thing as an “Obamacare bailout.” Having seen their imaginary claim conclusively debunked, Republicans are now leaning toward demanding its repeal anyway…

…. Today’s report projects that the bungled launch will mean enrollment in the exchanges will collapse all the way from seven million people to … six million people. Now, the number of people in the plan isn’t the only or best measure of its success, but it is a measure critics have seized upon. The existence of the nefarious Obamacare Bailout was a second reason – as the House Republican hearing asks, why the need for a bailout, if not to save a doomed law? There’s no reason why the lack of an Obamacare bailout should prevent conservatives from feeling anger at it anyway.

Full post here

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NYT: Karzai Arranged Secret Contacts With the Taliban

President Hamid Karzai of Afghanistan has been engaged in secret contacts with the Taliban about reaching a peace agreement without the involvement of his American and Western allies, further corroding already strained relations with the United States.

The secret contacts appear to help explain a string of actions by Mr. Karzai that seem intended to antagonize his American backers, Western and Afghan officials said. In recent weeks, Mr. Karzai has continued to refuse to sign a long-term security agreement with Washington that he negotiated, insisted on releasing hardened Taliban militants from prison and distributed distorted evidence of what he called American war crimes.

The clandestine contacts with the Taliban have borne little fruit, according to people who have been told about them. But they have helped undermine the remaining confidence between the United States and Mr. Karzai, making the already messy endgame of the Afghan conflict even more volatile. Support for the war effort in Congress has deteriorated sharply, and American officials say they are uncertain whether they can maintain even minimal security cooperation with Mr. Karzai’s government or its successor after coming elections.

More here

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Richard Sherman’s fantastic response

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DeadSpin: Now A Champion, Richard Sherman Deals With An Insult In The Best Way

Colin Kaepernick had an excellent method of dealing with people who hated him by favoriting their anger on Twitter. Seahawks corner Richard Sherman—now a Super Bowl champion—handled an angry Twitter person in a less passive but equally fantastic way.

More here

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Bryce Covert: GM’s First Female CEO Will Make Half Of What Her Predecessor Made

In December, General Motors (GM) made headlines for picking Mary Barra to replace Dan Akerson as its new CEO. That meant she would not only be the first woman at the helm of the carmaker, but any global carmaker. But while she may have shattered that glass ceiling, her pay is another story. Looking at the company’s filings with the Securities and Exchange Commission, Elizabeth MacDonald notes that Barra will be paid $4.4 million in total compensation, which includes a base salary of $1.6 million.

Akerson, on the other hand, made an estimated $9 million, with a $1.7 million base salary and $7.3 million in stock. That means Barra will make less than half of what he made. In fact, Akerson will continue to make more as her, as GM will pay him $4.68 million as an outside senior adviser.Worse, Barra comes to the job with an outsized amount of previous experience. She’s been with the company since 1980 and was most recently serving as senior vice president of global product development. Akerson, on the other hand, came into the role without a background running a car company

More here

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Caitlin McNeal: WaPo Rebuts Its Own Columnist On Claim That Obamacare Is Killing Jobs

The Affordable Care Act is killing jobs, or not, depending on which portion of the Washington Post you read on Tuesday. The paper’s conservative columnist Jennifer Rubin wrote that Obamacare was “killing jobs and squelching growth” based on a newly released CBO report.

However, the report notes that the reduction in hours worked by Americans will “almost entirely” be due to workers’ choice to leave the work force — not because they lost their jobs or can’t find a full-time job. Glenn Kessler, the Post’s “Fact Checker,” followed up a few hours later giving the claim made by Rubin and other news organizations three Pinocchios out of four.

More here

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Josh Barro: The Buried Lede In The CBO Report: Obamacare Will Raise Wages

Obamacare will drive wages up. The price of labor, like any good or service, is determined by supply and demand. If producers of labor (workers) become less inclined to sell it, but consumers of labor (firms) are unchanged in their interest in buying, then the price of labor has to rise in order to bring the quantity supplied and the quantity demanded into line.  If (as CBO predicts) the decline in work is driven almost entirely by a decline in labor supply, the upshot will be very different. Employers will be left holding the bag economically. Workers will choose to work fewer hours; since firms won’t be any less interested in hiring, they’ll have to pay more per hour to get those workers in the door.

The positive wage effect should be concentrated among low-skill workers, who will face the greatest discouragement to work from Obamacare, and therefore will be able to command the greatest wage increases in order to keep working. More broadly, Obamacare alters the employer-employee relationship in a way that empowers employees. When an employee is dependent on his job not just for a wage but for health insurance, he is less able to threaten to leave if he doesn’t get a raise. Severing the work-insurance link strengthens the employee’s hand in bargaining — which is bad for employers and good for workers.

More here

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On This Day:

Sen. Barack Obama and Michelle Obama during a Super Tuesday primary campaign rally at the Hyatt Hotel in Chicago, February 5, 2008

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The President is applauded by House Democrats as he is introduced to speak at the House Democrats Issues Conference at the Kingsmill Resort in Williamsburg, Va, Feb. 5, 2009 (Photo by Pete Souza)

President Obama wears a AF1 jacket on his first flight aboard Air Force One from Andrews Air Force Base to Newport News, Va., Feb. 5. 2009 (Photo by Pete Souza)

President Obama talks with Chief of Staff Rahm Emanuel in the Oval Office, Feb. 5, 2009 (Photo by Pete Souza)

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President Obama shows Washington, D.C. area students, who were featured in the Washington Post, the valet button on his desk during their surprise visit to the Oval Office, Feb. 5, 2010 (Photo by Pete Souza)

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Feb. 5, 2011 – Pete Souza: “The two coaches for Sasha Obama’s basketball team couldn’t make it to one of her games, so the President and his then personal aide, Reggie Love, filled in as coaches for this game one Saturday. Here they along with Sasha’s teammates react during the game.”

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