Posts Tagged ‘economy



07
Aug
15

65 Consecutive Months Of Job Growth. Thanks, President Obama

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30
Jul
15

Rise And Shine

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President Barack Obama looks over merchandise in a display case at Cool Vintage Watches on Main Street, Parkville, Mo., July 30, 2014. Photo by Pete Souza

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All Times Eastern

12:30PM: President Obama has lunch with Vice President Biden

1:00PM: White House Press Briefing

6:05PM: President Obama holds a conference call with grassroots supporters to discuss the nuclear deal with Iran

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President Barack Obama waves as he departs after delivering remarks on the economy at the Uptown Theater in Kansas City, Mo., July 30, 2014. Photo by Pete Souza

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Coral Davenport

The final version of President Obama’s signature climate change policy is expected to extend an earlier timeline for states to significantly cut planet-warming pollution from power plants, according to people familiar with the plan. If enacted, the climate change plan, the final version of which is expected to be unveiled as early as Monday, could stand as the most significant action ever taken by an American president to curb global warming.

The plan consists of three major environmental regulations, which combined are intended to drastically cut emissions of greenhouse gases. The rules take aim at coal-fired power plants, the largest source of greenhouse emissions, and are intended to spur a transformation of the nation’s power sector from fossil fuels to renewable sources such as wind and solar. Under the rules, the Environmental Protection Agency would require states to draft plans to lower emissions from power plants. The agency is also expected to issue its own model of a state-level plan, to be imposed on states that refuse to draft their own plans.

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German Lopez

The nationwide furor over the growing number of unarmed black men shot dead by police officers in recent months has put the public spotlight on a much bigger trend in the US: Black people are much more likely to be shot and killed by police.

An analysis of the available FBI data by Vox’s Dara Lind shows that US police kill black people at disproportionate rates: Black people accounted for 31 percent of police shooting victims in 2012, even though they made up just 13 percent of the US population. Black teens were 21 times more likely than white teens to be shot and killed by police between 2010 and 2012, according to a ProPublica analysis of the FBI data

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President Barack Obama sips on his iced tea and greets people on the street during a stop in Parkville, Mo., July 30, 2014. Photo by Pete Souza

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Nancy Agutu

The US will put up three women entrepreneurship centres in Kenya, Mali and Zambia, US President Barack Obama has said. Obama said the three countries will benefit from a Sh101 billion fund in women’s support. “If more global capital could see beyond prejudicial blinders, the great progress of the last 10 years could harness potential. It is time we changed the narrative about Africa,” he said. “If half of your team is not playing, you have a problem. In many countries, half of the the team is women and youth”.

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Rebecca Shabad

The federal deficit is estimated to tick down to $455 billion by the end of the fiscal year in September, according to the Office of Management and Budget’s mid-session review released Tuesday. As a share of the economy, the shortfall would equal 2.6 percent of gross domestic product (GDP). “Under the President’s leadership, the deficit has been cut by more than two-thirds as a share of the economy, representing the most rapid

sustained deficit reduction since World War II, and it continues to fall,” OMB Director Shaun Donovan wrote in a blog post. The new projected deficit would be nearly $30 billion less than the government’s red ink in 2014 and $128 billion less than administration’s 2015 deficit prediction back in February. Under Obama’s proposed 2016 budget, the review projects that his proposed policies would cause deficits to fall between 2.2 and 2.4 percent over the next three years.

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President Barack Obama signs a coffee cup for a patron at Parkville Coffee in Parkville, Mo., July 30, 2014. Photo by Pete Souza

President Barack Obama waves as he departs after delivering remarks on the economy at the Uptown Theater in Kansas City, Mo., July 30, 2014. Photo by Pete Souza

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President Barack Obama greets line workers at the Amazon fulfillment center in Chattanooga, Tennessee, July 30, 2013. Photo by Chuck Kennedy

25
Jul
15

The President’s Saturday In Kenya

President Barack Obama smiles as he arrives to deliver a speech at the Global Entrepreneurship Summit at the United Nations Compound, Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama smiles as he arrives to deliver a speech at the Global Entrepreneurship Summit at the United Nations Compound in Nairobi. President Obama’s visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation

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President Barack Obama delivers a speech at the Global Entrepreneurship Summit at the United Nations Compound, Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

U.S. President Barack Obama (L) and Kenya's President Uhuru Kenyatta (R) take part in a roundtable with young businesspeople at the Global Entrepreneurship Summit at the United Nations compound in Nairobi, Kenya July 25, 2015. Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to help by ensuring the rule of law was upheld and by tackling corruption. REUTERS/Jonathan Ernst

President Barack Obama and Kenya’s President Uhuru Kenyatta take part in a roundtable with young businesspeople at the Global Entrepreneurship Summit

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U.S. President Barack Obama delivers remarks at the Global Entrepreneurship Summit at the United Nations compound in Nairobi, Kenya July 25, 2015. Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to help by ensuring the rule of law was upheld and by tackling corruption. REUTERS/Jonathan Ernst

President Barack Obama delivers remarks at the Global Entrepreneurship Summit. He told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to help by ensuring the rule of law was upheld and by tackling corruption

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President Barack Obama, left, takes part in a panel discussion at the Global Entrepreneurship Summit at the United Nations Compound. Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama pauses before delivering a speech at the Global Entrepreneurship Summit at the United Nations Compound, Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

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U.S. President Barack Obama (L) and Kenya's President Uhuru Kenyatta (R) depart the stage after speaking at the Global Entrepreneurship Summit at the United Nations compound in Nairobi July 25, 2015. Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to help by ensuring the rule of law was upheld and by tackling corruption. REUTERS/Jonathan Ernst

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President Barack Obama looks at a mobile payment platform and solar exhibit during the Power Africa Innovation Fair, Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama looks at a mobile payment platform and solar exhibit during the Power Africa Innovation Fair

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President Barack Obama, left, looks at a solar powered lamp during a tour of the Power Africa Innovation Fair, Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama, left, looks at a solar powered lamp during a tour of the Power Africa Innovation Fair

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President Barack Obama participates in a wreath laying ceremony, Saturday, July 25, 2015, in Nairobi, at Memorial Park in honor of the victims of the deadly 1998 bombing at the U.S. Embassy.  Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama participates in a wreath laying ceremony in Nairobi, at Memorial Park in honor of the victims of the deadly 1998 bombing at the U.S. Embassy

President Barack Obama reflects as he participates in a wreath laying ceremony, Saturday, July 25, 2015, in Nairobi, at Memorial Park in honor of the victims of the deadly 1998 bombing at the U.S. Embassy.  Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama inspects the honor guard after arriving to meet with Kenya's President Uhuru Kenyatta at State House in Nairobi, Kenya Saturday, July 25, 2015.  Obama heralded Africa as a continent "on the move" while visiting Kenya Saturday, the East African nation where he has deep family ties.(AP Photo/Ben Curtis)

President Barack Obama inspects the honor guard after arriving to meet with Kenya’s President Uhuru Kenyatta at the State House

REFILE - REMOVING EXTRA WORDS U.S. President Barack Obama (L) takes part in a reception ceremony next to Kenya's President Uhuru Kenyatta (R) as he visits the State House in Kenya's capital Nairobi, July 25, 2015. Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to assist by ensuring the rule of law was upheld and by tackling corruption.  REUTERS/Thomas Mukoya

U.S. President Barack Obama (L) shake hands with Kenya's Chief of Defence Forces Samson Mwathathe (R), next to Kenya's President Uhuru Kenyatta (2nd R), as he arrives to visit at the State House in Kenya's capital Nairobi, July 25, 2015. REUTERS/Thomas Mukoya

President Barack Obama shake hands with Kenya’s Chief of Defence Forces Samson Mwathathe

U.S. President Barack Obama inspects the honor guard after arriving to meet with Kenya's President Uhuru Kenyatta at State House in Nairobi, Kenya, Saturday, July 25, 2015. U.S. President Obama heralded Africa as a continent "on the move", as he visits Kenya  Saturday, the East African nation where he has deep family ties. (AP Photo/Ben Curtis)

U.S. President Barack Obama is greeted by Kenya's President Uhuru Kenyatta, right, on his arrival at State House in Nairobi, Kenya, Saturday, July 25, 2015. U.S. President Obama heralded Africa as a continent "on the move", as he visits Kenya  Saturday, the East African nation where he has deep family ties.(AP Photo/Ben Curtis)

U.S. President Barack Obama (L) meets Kenya's President Uhuru Kenyatta (R) as he arrives for a visit at the State House in Kenya's capital Nairobi, July 25, 2015. REUTERS/Thomas Mukoya

U.S. President Barack Obama, left, stands next to Kenya's President Uhuru Kenyatta, 2nd left, as the Kenya Air Force military band passes by, at State House in Nairobi, Kenya Saturday, July 25, 2015.  Obama heralded Africa as a continent "on the move" while visiting Kenya Saturday, the East African nation where he has deep family ties. (AP Photo/Ben Curtis)

U.S. President Barack Obama reviews a Kenya Defence Forces honour guard during a visit to the State House in Kenya's capital Nairobi, July 25, 2015. Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to assist by ensuring the rule of law was upheld and by tackling corruption. REUTERS/Thomas Mukoya

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President Barack Obama is escorted into a bilateral meeting by Kenyan President Uhuru Kenyatta at the State House, on Saturday, July 25, 2015, in Nairobi. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

President Barack Obama is escorted into a bilateral meeting by Kenyan President Uhuru Kenyatta at the State House

President Barack Obama arrives for a bilateral meeting with Kenyan President Uhuru Kenyatta at State House, on Saturday, July 25, 2015, in Nairobi, Kenya. Obama's visit to Kenya is focused on trade and economic issues, as well as security and counterterrorism cooperation.  (AP Photo/Evan Vucci)

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President Barack Obama and President Uhuru Kenyatta participate in a joint press conference

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U.S. President Barack Obama answers questions from the media, after meeting with Kenya's President Uhuru Kenyatta, at State House in Nairobi, Kenya Saturday, July 25, 2015.  Obama heralded Africa as a continent "on the move", as he visits Kenya  Saturday, the East African nation where he has deep family ties. (AP Photo/Ben Curtis)

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U.S. President Barack Obama makes a joke while answering a question from the media about the dinner he had with his Kenyan relatives, after meeting with Kenya's President Uhuru Kenyatta, at State House in Nairobi, Kenya Saturday, July 25, 2015. Obama heralded Africa as a continent "on the move", as he visits Kenya  Saturday, the East African nation where he has deep family ties. (AP Photo/Ben Curtis)

19
Jul
15

A Well Earned Thank You

Obama CIC

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Dick Meyer: Mr. President, On Behalf Of An Ungrateful Nation, Thank You

I’ve never written a column like this. Readers rarely believe it, but I am not on any political team. Generosity toward the high and mighty isn’t among my few virtues. But this needs to be said: Americans are lucky to have Barack Obama as president and we should wake up and appreciate it while we can. President Obama will go down in history as an extraordinary president, probably a great one. He will have done this in era that doesn’t aggrandize leaders and presidents, but shrinks them. All presidents have had profound opposition, vicious enemies and colossal failures. A few were beloved and others deeply respected in their day, but none in the modern era and certainly not Obama.

Obama This Guy

One can hate Democrats, disagree with Obama on big issues, dislike his style or be disappointed the excitement of his election didn’t last. But his accomplishments, ambitious goals, dignity and honesty under tough circumstances demand admiration and appreciation. 1. The Iran deal: Time will reveal if the deal worked, not today’s talking/tweeting heads. What cannot be in dispute is this was a momentous initiative, a gutsy political risk, a diplomatic success and, potentially, a giant step in defusing a long-ticking time bomb. 2. Obamacare: In the midst of the worst economy since the Great Depression, Obama delivered one of the most important domestic programs since the New Deal. Only LBJ’s Great Society laws compare. Obamacare has survived two challenges in the Supreme Court and constant, kabuki-style congressional votes to repeal. It’s now off life support. Key goals are being met. It will evolve and improve. One day it will be taken for granted and people will say, “Keep the government out of my Obamacare.”

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07
Jul
15

The Obama Economy: Labor Market Recovery Is The Best In 25 Years

Obama Mount Rushmore

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Hale Stewart: The Recovery In The Labor Market Is The Best In 25 Years

Every month we read stories about what a poor labor market recovery this has been. The latest articles were from Profs. Brad DeLong and Menzie Chinn. I respectfully disagree. With few exceptions, people don’t get a job for social reasons. They go to work each day in order to earn money to purchase necessities, discretionary goods, and to save for future needs. In short, they work because of cold, hard cash. Next, let’s compare two economies that both create 1 million 40 hour a week jobs, but one pays $10/hour and the other pays $12/hour. Clearly the second economy is better. It is paying workers 20% more than the first.

Finally, let’s compare two economies that create 1 million 40 hour a week jobs at $10/hour. In the first economy, there are 3% annual raises, but inflation is rising 4%. In the second, there are 2% annual raises, but inflation is rising 1%. Again, even though the second economy is giving less raises, it is the better one — those workers are seeing their lot improve in real, inflation-adjusted terms, whereas the workers in the first economy are actually losing ground. In other words, the best measure of a labor market recovery is that economy which doles out the biggest increase in real aggregate wages. The bottom line is that, measured 5 years and 11 months out from the bottom, this labor market recovery has been the third best of the 7 expansions, behind the 1960s and 1980s

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05
Jul
15

Some News We Missed

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Get yourself together, Twitter and accompanying social media platforms

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Continue reading ‘Some News We Missed’

02
Jul
15

Enthusiasm Gap? I Think Not




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