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Obama rips GOP for blocking business aid bill
August 31st, 2010President Barack Obama blasted Senate Republicans on Monday for blocking a small business assistance bill, calling their opposition “pure partisan politics.”
The country needs a “full scale attack” on economic sluggishness, he told reporters at the White House.
“While we have Air Jordan 2010 taken a series of measures and come a long way … too many Americans are still looking for work and too many communities are far from being whole again,” he said.
The president also Cheap Jordan Shoes said his economic team is “hard at work” on a series of new measure designed both to spark short-term hiring and lay the foundation for long-term economic growth.
Among other things, Obama said the administration will continue to push for an extension of middle class tax cuts, new incentives for clean energy research and development and initiatives to help rebuild infrastructure.
Senate Minority Leader Mitch McConnell, R-Kentucky, released a statement immediately after Obama’s remarks criticizing the president and Democratic congressional leaders for dramatically Air Jordan 11 increasing the size of the national debt while doing little to restore stronger economic growth.
“Instead of growing jobs as promised, Washington Democrats have grown the size of the national debt, the federal government and the unemployment rate,” McConnell said.
“It’s no surprise that most Americans think the country is on the wrong track and that Democrat policies have failed to do anything to fix their top concern, the economy.”
White House Press Secretary Robert Gibbs said boosting small businesses and extending middle-class tax cuts both are important in improving the economy.
“The Republican Party talks a lot about their support for and their helping of small business,” he said. “I think the question that the president put toward them today is, ‘If that’s what you support, why are you standing in the way of something that small businesses acknowledge would help with their hiring, with their purchasing and with their expansion?’”
Gibbs said the president does not believe there is any magic bullet to quickly getting out of the financial crisis.
“It took us a long time to get to this point. We got here not simply because of one thing, but because of many things,” Gibbs said.
“We’ve seen the housing market collapse. We saw what happened to credit markets. We saw what happened to the stability of our financial system. All of that accumulated after many years into one big pothole … the size of which any stimulus was unlikely to fill.”
Growing economic jitters amid new signs of a slow recovery remain a top political issue in the runup to November’s midterm elections.
The U.S. economy sputtered to a near stop in the second quarter, according to estimates from the government released Friday, although the slowdown wasn’t as bad as many had feared.
The nation’s gross domestic product, the broadest measure of economic activity, was revised sharply lower to an annual growth rate of 1.6 percent in the three months ending in June. The initial reading had been for a 2.4 percent growth rate in the period.
The bill currently stuck in the Senate authorizes the creation of a $30 billion lending fund. The Treasury Department would run the program, which would deliver cheap capital to community banks, defined as those with less than $10 billion in total assets.
The idea is that community banks are the ones that do the bulk of lending to small businesses and so by pumping capital into them, it will get in the hands of Main Street businesses.
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Bryan Cranston wins Emmy for drama actor
August 30th, 2010LOS ANGELES — Bryan Cranston of “Breaking Bad” was honored with an Emmy Sunday for his lead role in the drama series. His co-star Aaron Paul won his first award for best supporting actor.
Edie Falco of “Nurse Air Jordan Sale Jackie” and Jim Parsons of “The Big Bang Theory” also took trophies for their comedy series lead roles.
Falco’s trophy for her role as a tough but troubled nurse came after her hallmark role as a mob boss’ wife in “The Sopranos,” for which she won
Air Jordan 2010 three best drama actress Emmys.
“Oh, this is the most ridiculous thing that has ever happened in the history of this awards show. I’m not funny!” Falco said.
Parsons won for his portrayal of a scientist as nerdy as he is brilliant. He ended fellow nominee Alec Baldwin’s two-year winning streak for “30 Rock” and beat out other heavyweights including Tony Shalhoub, nominated for the final season of “Monk” and a three-time winner, and Steve Carell of “The Office.”
“Now I know how Air Jordan 11 much I didn’t think this was going to happen. Some of you apparently voted for me. That was very sweet,” Parsons told the theater audience.
Eric Stonestreet of “Modern Family” and Jane Lynch of “Glee” were honored for their comedy-series supporting roles.
“All I wanted to be was a clown in the circus when I was a kid growing up,” said Stonestreet, who plays a boisterous gay dad and partner. He thanked his parents for their support and promised to send his trophy home with them.
Lynch also thanked her folks along with her wife, Lara Embry. The pair married in Masschusetts in May.
“This is outlandish. … I want to thank my lord and creator, Ryan Murphy, for creating his role,” Lynch said, paying tribute to the “Glee” executive producer.
Reality show “Top Chef” won for outstanding reality competition program, a category that “The Amazing Race” has ruled for seven years.
Host Jimmy Fallon opened the 62nd Primetime Emmy Awards on a musical note, performing a song-and-dance number with the cast of “Glee” and a wildly mismatched group of celebrities including Betty White, Jon Hamm, Kate Gosselin and Randy Jackson.
Much of the group ended up on the Nokia Theatre stage to kick off the awards with a high-energy version of “Born to Run,” with Fallon on guitar.
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Justice Dept. approves United-Continental merger
August 28th, 2010Continental and United airlines won Justice Department approval of their proposed merger on Friday, after agreeing to lease landing and takeoff rights at Newark Liberty International Airport to discounter Southwest Airlines.
Justice said Michael Jordan Shoes late Friday that it has closed its antitrust review of the United-Continental merger because it is satisfied with the carriers’ deal to reduce their combined market dominance and increase competition at Newark. Continental currently operates a hub there and has the largest market share in the greater New York air travel market, the Air Jordan 11 USA’s largest. In addition to Newark, New York is served by LaGuardia and John F. Kennedy airports. Together United and Continental currently offer 442 daily flights at Newark.
United’s and Continental’s respective shareholders are scheduled to vote on the merger on Sept. 17. Assuming they approve — and there’s no significant effort among shareholders to reject the deal — the carriers now Air Jordan 2010 expect to close the merger deal on Oct. 1.
In addition to paving the way for the United-Continental merger to be completed, the deal to lease Newark landing and takeoff rights, called slots, would give Southwest the greater access to the huge New York market that it has been seeking, mostly without success for 14 months. Southwest used to eschew the New York market because its notoriously congested airports presented challenges for its operating style, which typically calls for planes to remain on the ground between flights for only about 30 minutes.
But in recent years Southwest has sought to incrrease its involvement in high demand markets where revenue opportunities are greater. Last year it launched service at LaGuardia. However, Southwest’s ability to grow in the New York market has been limited by its inability to obtain slots, which are time-specific rights to land and take off. It currently offers only 8 daily flights at LaGuardia, making it one of Southwest’s least heavily served destinations.
New York’s airports are among only a handful of U.S. airports where carriers need to possess slot rights to operate. Slots are used to limit the number of flights that operate at airports from runway, terminal and airspace capacity is outstripped by consumer demand to fly to and from those airports.
Continental CEO Jeff Smisek, who has been named to run the the new United, as the merged carrier would be called, said the lease of Newark slots to Southwest is “a fair solution that would allow Continental and United to create an airline that will provide customers with an unparalleled global network and top quality products and services, while enhancing domestic competition at Newark.”
Bob Jordan, Southwest’s executive vice president of strategy and planning, said that instead of buying new planes to serve Newark, the carrier will reduce service on unprofitable or less profitable routes or times, and then use the airplace freed up by those changes to serve Newark. After growing at a double-digit pace through the rapid expansion of its fleet in the 1990s and first half of the 2000s, Southwest in the last three years has slowed its growth by using new planes only as replacements for old planes.
“We’ve seen tremendous demand for Southwest Airlines in the New York City/Newark area in the past year,” Jordan said. “Adding Newark provides an excellent complement to our LaGuardia and Long Island service, giving customers one more option for travel to and from the greater New York City/New Jersey area. This service also will provide a needed injection of low fares and competition into the New York/Newark market.”
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US Cites Credible Threats to Pakistan Aid Workers
August 27th, 2010U.S. officials say there is credible information that Pakistani militants may target foreign aid workers involved Air Jordan Sale in flood relief efforts. U.S. flood aid committed to Pakistan has now reached $200 million.
Officials here say Air Jordan 2010 they’re taking threats to aid workers, attributed to a spokesman for the Pakistani Taliban seriously, and working with Pakistani authorities to boost security.
A Taliban spokesman told the Associated Press Thursday that the United States and western groups providing flood assistance had ulterior motives, and that the presence of a horde of foreigners Air Jordan 11 in Pakistan is unacceptable.
A spokesman for the United Nations, which is helping coordinate the aid effort, said relief workers will not be intimidated by threats or rumors of insecurity and will continue to deliver the help.
At a news briefing, State Department Spokesman P.J. Crowley declined detailed comment, citing intelligence considerations.
But he said the United States has credible information on the potential targeting of aid workers and is doing everything it can, working with Pakistani officials, to assure that the aid effort continues.
Crowley said the threats are being taken seriously given recent lethal Taliban attacks on aid workers in Afghanistan, and that they underscore the bankrupt vision of the extremist groups.
“We’re looking at the potential implications. Security is obviously an ongoing concern to us given what we know happened recently next door in Afghanistan. So we are conscious of this threat. It is a real threa,” Crowley said. “We are working with the government of Pakistan. Obviously to the extent that this is something that extremists in Pakistan are contemplating, it demonstrates their disregard for the people of Pakistan.”
Crowley confirmed that the Obama administration has decided to re-direct $50 million from the long-term civilian aid package for Pakistan approved by the U.S. Congress last year to deal with flood-related needs.
The five-year, $7.5 billion dollar Kerry-Lugar-Berman aid program - named for its key Congressional sponsors - is aimed at improving infrastructure in Pakistan and demonstrating that the U.S. commitment to the country goes beyond security matters.
The spokesman said that with many of the envisaged Kerry-Lugar-Berman project sites literally underwater, the re-direction of some of the long-term aid money to immediate needs is appropriate.
The move increases the amount of U.S. flood aid already spent or committed to $200 million. Crowley said nearly one million kilograms of U.S. relief supplies have been delivered to Pakistan thus far.
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Stepped-up efforts by U.S., Mexico fail to stem flow of drug money south
August 26th, 2010LAREDO, TEX. - Stashing cash in spare tires, engine transmissions and truckloads of baby diapers, couriers for Mexican drug cartels are moving tens of billions of dollars in profits south across the Air Jordan 2010 border each year, a river of dirty money that has overwhelmed U.S. and Mexican customs agents.
Officials said stemming the flow of this cash is essential if Mexico and the United States hope Cheap Jordan Shoes to disrupt powerful transnational criminal organizations that are using their wealth to corrupt, terrorize and kill.
Despite Michael Jordan Shoes unprecedented efforts to thwart the traffickers, U.S. and Mexican authorities are seizing no more than 1 percent of the cash, according to an analysis by The Washington Post based on figures provided by the two governments.
The major Mexican drug organizations write that off as the cost of doing business - losing a percentage far smaller than the fees for an ordinary wire transfer or ATM withdrawal, Mexican and U.S. law enforcement officials said.
The Obama administration recently proposed a $600 million surge in spending and personnel, including additional gamma-ray scanners and money-sniffing dogs, as part of an intensifying effort to capture the dollars going from U.S. drug consumers to Mexican mafias.
The drug traffickers and their Colombian suppliers smuggle $20 billion to $25 billion in U.S. bank notes across the southwest border annually as they seek to circumvent banking regulations and the suspicions aroused by large cash deposits, studies by federal officials, regulators and academics show.
“If we fail to curtail these money flows, the confrontation with organized crime will generate more violence and more corruption,” Carlos Pascual, the U.S. ambassador to Mexico, said at a border conference in El Paso this month.
Most of the money is smuggled in plastic-wrapped bricks of $20 bills. Often the bank notes retain the sticky residue or fine powder generated by the marijuana, cocaine and methamphetamine sold to the most voracious consumers in the world.
“Cash is the ultimate challenge for us,” John Arvanitis, chief of financial operations for the Drug Enforcement Administration, said in an interview. “It moves so rapidly, so fluidly. It crosses borders. It moves in bulk. It is stored in warehouses. It is moved into business. They have multiple, multiple options. They can hide a million dollars in a tractor-trailer, or they can carry it across the border in a handbag.”
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