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Posts Tagged ‘US

(POLITICS) READ: Obama Tells Lama to Stay Away…

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299146-1-20091005070041.image(Newser) – In a move seemingly designed to appease China, US officials have asked the Dalai Lama not to meet with President Obama when he visits Washington this week. Typically, the Lama “drops in” on the White House whenever he’s in the capital, but Obama doesn’t want to meet with him until after his summit with China’s Hu Jintao next month, diplomats tell the Washington Post. READ MORE

Written by dnnnewshound

October 5, 2009 at 9:07 am

Posted in china, Obama, Politics

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(ECONOMY) READ: Recession over, Bank of Canada says…

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www.cbc.ca_Bank of Canada governor Mark Carney said Canada is on track for an economic recovery._mark-carney-cbc090423Source: CBCnews.ca

The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday.

After shrinking since the last quarter of 2008, the Canadian economy will grow by an annualized rate of 1.3 per cent in the current quarter, the bank said.

Bank of Canada governor Mark Carney said Canada is on track for an economic recovery.Bank of Canada governor Mark Carney said Canada is on track for an economic recovery. (CBC)“We are on track for the recovery both in Canada and globally,” Bank of Canada governor Mark Carney told reporters.

However, unemployment will continue to rise, he said.

For many Canadians, “it’s not a recovery until they start getting their jobs back. And on that score, we could still be in for a long wait,” Avery Shenfeld, CIBC economist, said in a report published Thursday.

“Don’t break out the champagne yet,” said Patricia Croft, chief economist of RBC Global Asset Management.

The return to growth after three quarters of decline signals the end of the recession, defined as two consecutive quarters of shrinkage.

Growth will accelerate through late 2009 and by the first half of 2010, the Canadian economy will be booming along with four per cent growth. But that will begin to taper off to less than three per cent by the last half of 2011, the bank said. READ MORE

Written by dnnnewshound

September 4, 2009 at 2:20 pm

Posted in Economy

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(ECONOMY) READ: USDA: 35 Million Americans on Food Stamps…

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uwkc.files.wordpress.com__food-stampSource: Time

More Americans than ever before received food stamps in June, the Department of Agriculture said on Thursday, with more than 35 million Americans receiving assistance.

The numbers are 22 percent higher than in June 2008. The number of Americans receiving food stamps rose by more than 700,000 people compared to May.
Read “How to Know When the Economy Is Turning Up.”

The USDA administers the food stamp program, which was renamed in October as the Supplemental Nutrition Assistance Program, through its Food and Nutrition Service. The program helps to cover grocery costs for poor Americans.

The food stamp program was established by Congress in 1964, which was then revised by the Food Stamp Act of 1977.

The average recipient of food stamps in June received more than $133 in assistance. The average household received more than $293. Overall, the USDA distributed more than $4.6 billion in food stamps in June. They went to 35,122,123 recipients.

Read more: http://www.time.com/time/nation/article/0,8599,1920538,…

Written by dnnnewshound

September 4, 2009 at 1:45 pm

(POLITICS) READ: (Newser Summary) – President Obama’s Spell Is Gone…

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Source: The Washington Post

www.washingtonpost.com__PH2007080101279What happened to President Obama? His wax wings having melted, he is the man who fell to earth. What happened to bring his popularity down further than that of any new president in polling history save Gerald Ford (post-Nixon pardon)?

The conventional wisdom is that Obama made a tactical mistake by farming out his agenda to Congress and allowing himself to be pulled left by the doctrinaire liberals of the Democratic congressional leadership. But the idea of Harry Reid and Nancy Pelosi pulling Obama left is quite ridiculous. Where do you think he came from, this friend of Chávista ex-terrorist William Ayers, of PLO apologist Rashid Khalidi, of racialist inciter Jeremiah Wright?

But forget the character witnesses. Just look at Obama’s behavior as president, beginning with his first address to Congress. Unbidden, unforced and unpushed by the congressional leadership, Obama gave his most deeply felt vision of America, delivering the boldest social democratic manifesto ever issued by a U.S. president. In American politics, you can’t get more left than that speech and still be on the playing field.

In a center-right country, that was problem enough. Obama then compounded it by vastly misreading his mandate. He assumed it was personal. This, after winning by a mere seven points in a year of true economic catastrophe, of an extraordinarily unpopular Republican incumbent, and of a politically weak and unsteady opponent. Nonetheless, Obama imagined that, as Fouad Ajami so brilliantly observed, he had won the kind of banana-republic plebiscite that grants caudillo-like authority to remake everything in one’s own image.

Accordingly, Obama unveiled his plans for a grand makeover of the American system, animating that vision by enacting measure after measure that greatly enlarged state power, government spending and national debt. Not surprisingly, these measures engendered powerful popular skepticism that burst into tea-party town-hall resistance.

Obama’s reaction to that resistance made things worse. Obama fancies himself tribune of the people, spokesman for the grass roots, harbinger of a new kind of politics from below that would upset the established lobbyist special-interest order of Washington. Yet faced with protests from a real grass-roots movement, his party and his supporters called it a mob — misinformed, misled, irrational, angry, unhinged, bordering on racist. All this while the administration was cutting backroom deals with every manner of special interest — from drug companies to auto unions to doctors — in which favors worth billions were quietly and opaquely exchanged.

“Get out of the way” and “don’t do a lot of talking,” the great bipartisan scolded opponents whom he blamed for creating the “mess” from which he is merely trying to save us. If only they could see. So with boundless confidence in his own persuasiveness, Obama undertook a summer campaign to enlighten the masses by addressing substantive objections to his reforms.

Things got worse still. With answers so slippery and implausible and, well, fishy, he began jeopardizing the most fundamental asset of any new president — trust. You can’t say that the system is totally broken and in need of radical reconstruction, but nothing will change for you; that Medicare is bankrupting the country, but $500 billion in cuts will have no effect on care; that you will expand coverage while reducing deficits — and not inspire incredulity and mistrust. When ordinary citizens understand they are being played for fools, they bristle. READ MORE

Written by dnnnewshound

September 4, 2009 at 10:52 am

Posted in Obama, Politics

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(READ): America: Why So Furious?…

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cmsimg.detnews(Newser Summary) – With town halls gone mad and anti-Obama protesters toting guns, this is America’s angriest summer in recent memory, McClatchy reports. The fury of voters has deep roots, from a long history of hate groups to anti-Vietnam marches to rage against George W. Bush when he left office—but it’s only intensified under Barack Obama. Town halls “were the most visible sign of something that may be larger,” one expert says.

Fear of immigrants, terrorism, and a sinking economy are likely driving the anger, which has sparked 50 new militias and enough tax-refusnicks that the IRS created a National Tax Defier Initiative last year. Meanwhile, new technologies are quickly spreading anti-government conspiracies—like the belief that Washington is using 30,000 guillotines to harvest body parts. “In ’94, you had talk radio,” one expert says. “In ’09, you have talk radio, Fox, and the Internet.”

Drew Nelles

Source: McClatchy Newspapers

Written by dnnnewshound

August 31, 2009 at 4:05 pm

(WAR) READ: McChrystal: US Is Failing in Afghanistan…

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www.newser.com_Stanley McChrystal, the US general in charge of turning..._288587-6-20090831060818(Newser Summary) – The US military’s strategy in Afghanistan is failing, Gen. Stanley McChrystal will tell commanders in Washington today. A copy of the US commander’s remarks leaked to the BBC compares the military to a bull charging at a matador—losing strength with each individual cut. McChrystal’s report says Afghans are suffering a crisis of confidence, since their lives have not improved since 2001.

The long-awaited report says that Afghan military forces will not be ready to take the lead in peacekeeping for at least three years, and training police will take even longer. McChrystal also says the US should engage more with Taliban insurgents, estimating a 60% reduction in violence if they were found jobs. The report stops short of asking for more troops, but increased troop levels are implied—and may be made explicit in a second report to come.

Jason Farago

Sources: BBC, Reuters

 

 

Written by dnnnewshound

August 31, 2009 at 3:33 pm

(POLITICS) READ: Obama to Moderate Abbas-Netanyahu Meeting: Peres…

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www.newser.com_President Barack Obama, right, meets with Palestinian..._288771-6-20090831115222(Newser Summary) – President Obama will play moderator to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas in a meeting at the UN before the end of next month, Israeli President Shimon Peres tells Fox News. “I think they will meet by the end of September,” he says. “President Obama will chair it, and I think that at least there is a chance that they will decide they are going to reopen negotiations.”

Of course, Peres continues, “that will not include Hamas.” The president also says “negotiations are going on” over the freezing of Israeli settlement construction in Palestine, a likely precondition for peace talks, but “there is not yet an agreement.” Still, Netanyahu is aware there “is no chance, no escape, no alternative” to restarting the peace process. “He knows he must do it,” Peres says. “It’s just not a simple proposition.”

Harry Kimball

Source: Fox News  (DNN apologizes for Newser using Fox News, but it was a good read! So sorry!) 😉

 

Written by dnnnewshound

August 31, 2009 at 1:33 pm

Posted in Obama, Politics

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