Go Obama!

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what is wrong with that story



the story, all 400 years of it, is so powerful that it affects the life of someone who was born outside of that narrative, but yet looks like someone who was a part of that specific narrative.

or, white ladies thought he was gonna steal their purse, too, even though he himself was raised by a white lady.
 
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And...

Never cry like Mark Sanford at a press conference.
 
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(EPA)
ABC News, July 11


ACCRA, Ghana — In a robust speech at the Kotoka International Airport shortly before departing Ghana after a whirlwind 22-hour visit, President Barack Obama described how his first visit to sub-Saharan Africa as president had real poignance for him.

...Shortly after visiting the Cape Coast castle, the president told the local crowd--comprised of thousands of Ghanaians and Peace Corps workers gathered at the airport--that the images of his visit were lasting. "I'll never forget the image of my two young daughters, the decedents of Africans and African-Americans, walking through those Doors of No Return and then walking back through those Doors of Return," the president said. "It was a remarkable reminder that while the future is unknown, the winds always blow in the direction of human progress."

Standing with Ghanaian President John Atta Mills, in closing remarks which at times felt more like a campaign speech, President Obama reaffirmed to the Ghanaians gathered the "proud" relationship between the U.S. and their country. "At each point of our visit here, I was reminded of the enduring bond between our nations," he said. "Men and woman taken from this nation help to build my own. Today many of our leading citizens trace their roots to these shores."

Standing with his family earlier in the day at the Cape Coast Castle, an emotional Obama on Saturday said his daughters needed to see the fortification to be reminded of the evil that exists in the world. The president called it "particularly important for Malia and Sasha, who are growing up in such a blessed way, to be reminded that history can take very cruel turns," said the president, whose wife is the great-great granddaughter of slaves in South Carolina. "And hopefully one of the things that was imparted to them during this trip is their sense of obligation to fight oppression and cruelty wherever it appears and that any group of people who are degrading another group of people have to be fought against with whatever tools we have available to us." The president said his tour of the three-story castle was "reminiscent" of his recent trip to the Buchenwald concentration camp in Germany "as it reminds us of capacity of human beings to commit great evil." He called it "striking" that "right above one of the dungeons where male captives were kept was a church. And that reminds us that sometimes we can tolerate and stand by a great evil even as we think that we are doing good."

"As Americans, and as African Americans obviously there's a--there's a special sense that on the one hand this place was a place of profound sadness," said Obama. "On the other hand it is here where the journey of much of the African-American experience began."

At one point in his family's tour of the facility, the guide showed them the Door of No Return, through which slaves would pass, never to return to Africa again. Obama had his arm around his 8-year-old daughter Sasha, while first lady Michelle Obama held hands with 11-year-old Malia.

...The president said today that "symbolically to be able to come back with my family, with Michelle and our children and see the portal through which the diaspora began--but also to be able to come back here in celebration with the people of Ghana of the extraordinary progress that we've made because of the courage of so many black and white to abolish slavery and ultimately win the civil rights for all people--I think is, is a source of hope."

The president seemed to be overcome with emotion as his made these remarks, pausing to collect his composure. "It reminds us that as bad as history can be, it's also possible to overcome," he said.

.......................................................................................................


Acknowledging "the tragic past that has sometimes haunted this part of the world," President Barack Obama told Africans that they needed to move beyond historical grievances about colonialism and exploitation by the West to move the continent into the 21st century. "It is easy to point fingers and to pin the blame" for disease and conflict in Africa on others, the president told Ghanaian leaders at the Accra International Conference Center. "Yes, a colonial map that made little sense bred conflict, and the West has often approached Africa as a patron, rather than a partner. But the West is not responsible for the destruction of the Zimbabwean economy over the last decade, or wars in which children are enlisted as combatants."

The president made sure that his message of tough love was accompanied by an assertion of his credentials as a direct descendant of Africans. "I have the blood of Africa within me, and my family's own story encompasses both the tragedies and triumphs of the larger African story," he said, detailing how his paternal grandfather, Hussein Onyongo Obama, a cook for the British in Kenya, was called "boy" for much of his life and was imprisoned briefly. The president's father, Barack Obama Sr., illustrated a different lesson--the promise and failure of Africa's renaissance in the 1950s and '60s. The former goat herder "came of age at an extraordinary moment of promise for Africa," and he traveled to the United States for an education. But "tribalism and patronage" in Kenya "for a long stretch derailed his career," the president said. "And we know that this kind of corruption is a daily fact of life for far too many." While Kenya had a "per capita economy larger than South Korea's when I was born," Obama added, that has changed for the worse.

The message was a more public version of the story that he shared privately with African leaders at the G8 summit in L'Aquila on Friday. In a meeting on Friday with the leaders of Egypt, Algeria, Senegal, Nigeria, Libya and Ethiopia, Obama spoke about his personal connections to both Africa and poverty, and challenged the leaders to set priorities for combating poverty and hunger. According to a top White House aide, "You could have heard a pin drop."

...The president said today that he had come to Ghana, his final stop on a six-day trip, after international summits in Italy and Russia, "for a simple reason: The 21st century will be shaped by what happens not just in Rome or Moscow or Washington, but by what happens in Accra as well." Aides said the goal of the trip was to send a message to Africans to follow Ghana's example of democracy and good governance, and to the larger world that Africa is not just a place of warfare, disease and famine. In their first-ever meeting this morning, President Obama praised Ghanaian President John Atta as "a democratic leader who did it the right way," praising the "institutions that are sustaining democracy and openness and transparency," and adding that, "we think that Ghana can be an extraordinary model for success throughout the continent."

The White House chose Ghana over other African nations, including Kenya, where Obama's father came from, to showcase a successful African democracy. Obama's mention of Kenya in his address today as being "badly outpaced" capped a week of pointed criticism at the country's leadership; criticism many Kenyans agree with. In local television analysis, Kenyan political analyst Kwamchetsi Makokha called the speech "a lecture" for African leaders. He said Kenyan President Mwai Kibaki should have been "squirming in his seat" listening to the speech because Obama "basically berated the Kenyan leadership...If you're a Kenyan and you listened to the part of the speech where he spoke about democracy, and then he also spoke about opportunity, and when spoke about conflicts and peaceful resolution of disputes, you would be cringing at every opportunity," said Makokha. "On each of those counts our administration is guilty."
 
How do you Americans feel about the Cap and Trade that Obama is pushing for? From what I understand it will increase taxes in gasoline, electricity and maybe other things?
 
Barack Obama will be adding baseball broadcaster to his résumé. SI.com learned Sunday that the President will join Fox Sports announcers Joe Buck and Tim McCarver during Tuesday's All-Star Game. Obama is expected to be in the booth sometime between the third and fifth inning. SI.com reported earlier that the White House was considering Fox Sports' request to interview the President during the game.

Obama is scheduled to throw out the first pitch Tuesday in St. Louis at Busch Stadium. He will be joined by former Presidents George W. Bush, Bill Clinton, George H.W. Bush and Jimmy Carter in a seven-minute video address to be aired during the pregame ceremony. The video will honor 30 Americans whom MLB and People magazine have recognized for service to their communities.

Major League Baseball says the video will mark the first time all of the living U.S. presidents will participate in a ceremony at a sporting event. Following the video, Obama will throw out the ceremonial first pitch. The last sitting president to throw out a first pitch at the All-Star Game was Gerald Ford, in 1976. "We have asked [for Presidents to throw out the first pitch] on a couple of occasions, but I think this year it's so appropriate given the scope of our pregame program," says Major League Baseball Commissioner Bud Selig. "It is very consistent with what President Obama has done. I wrote to him and he immediately accepted."

Fox Sports President Ed Goren says Obama's presence will influence the setup of Fox's production in St. Louis. "We went through this during the post-9/11 World Series at Yankee Stadium for Game 3 [where President Bush threw out the first pitch]," Goren says. "The Secret Service will lock down the facility leading up to the game. There may be some limitations of camera movement, and it certainly involves a lot more communication. But it's not a big deal; it will be seamless to the viewer. And trust me, it's well worth it."

ESPN, which will cover the Home Run Derby on Monday, has also put in a request to interview Obama. "We're waiting to hear back on his availability," says ESPN spokesperson Nate Smeltz.
 
Go Regina!

WASHINGTON (Reuters) – President Barack Obama has selected Dr. Regina Benjamin, an Alabama family physician, as the U.S. surgeon general, an administration official said on Monday.

Obama was to announce Benjamin as the top authority on U.S. medical matters at a Rose Garden ceremony at 11:40 a.m. EDT.

Benjamin was the first black woman to head a state medical society, received the Nelson Mandela Award for Health and Human Rights and just last fall received a MacArthur Foundation "genius grant." But she made headlines in the wake of Hurricane Katrina, with her determination to rebuild her rural health clinic Bayou La Batre, Ala., which serves 4,400 patients who would be hard-pressed to find care elsewhere.
 
:rolleyes: I wonder what they said about W and that volleyball picture. I guess they didn't even care that she's a 16 or 17 year old girl and this stuff is embarrassing for her (I would imagine).

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On the July 9 edition of Fox News' On the Record, host Greta Van Susteren aired video of President Obama at a photo shoot featuring G8 leaders and junior G8 delegates which she said debunked the "lying picture that's going around the Web" of Obama purportedly "checking out" a young woman at that event. Nonetheless, on July 10, Fox News continued to promote the insinuation that Obama had done so. For instance, Fox & Friends aired a caption stating as fact that Obama took a "sneak peek" at a "beauty's backside," while Fox Nation repeatedly highlighted the "lying picture" using headlines such as "Busted?" and "Girl Obama Was Checking Out is 17?"
 
Speaks volumes about where our society is at on certain issues that that photo is still generating "news" coverage several days later.
 
:rolleyes: I wonder what they said about W and that volleyball picture. I guess they didn't even care that she's a 16 or 17 year old girl and this stuff is embarrassing for her (I would imagine).

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Fox News truly is crap, for those who were wondering..."Unfair and imbalanced..." I mean, come on- this is the network Sean Hannity is on...Need I say more?
 
That is one of the most horrible things I've ever heard , what happened in that cemetery. Just when you think humans can't get any worse, they do.



Grave of first lady's dad in disturbed cemetery
No indication whether gravesite of Michelle Obama's father was disturbed
NBC News and news services
Tues., July 14, 2009

ALSIP, Ill. - First lady Michelle Obama's father is among those buried at a cemetery near Chicago where workers are accused of digging up and dumping bodies to resell plots, the White House confirmed Tuesday.

"I can confirm the First Lady's father is buried at Burr Oak cemetery. We will have no additional comment on the matter," Camille Johnston, a spokeswoman for the first lady's office, wrote in an e-mail to NBC affiliate WMAQ-TV in Chicago.

The Chicago Tribune first reported the news.

Fraser Robinson III died in 1991 at age 55 from complications from multiple sclerosis, a year before his daughter married Barack Obama. Robinson was a pump operator for the Chicago water department and a Democratic party precinct captain. He married Michelle Obama's mother, Marian Shields, in 1960.

There was no indication whether Robinson's grave was among those disturbed at Burr Oak Cemetery in Alsip, the Tribune reported.

Marian Robinson now lives in the White House with President Barack Obama, her daughter and two grandchildren.

The 150-acre Burr Oak cemetery, where many famous blacks are buried, has been declared a crime scene. Police suspect as many as 300 gravesites have been dug up or disturbed. Many of the bodies were dumped in a vacant lot to make room for more plots, authorities said.

Three former gravediggers and a former cemetery manager have each been charged in the alleged scheme that authorities say netted about $300,000 in reselling plots.

The historic black cemetery is also home to the grave of 14-year-old Emmett Till, whose grisly murder for whistling at a white woman made him an icon of the civil-rights movement. His gravesite was not disturbed.

The Cook County Sheriff's Office says it has received more than 7,000 written inquiries about people buried at the cemetery.
 
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What Obama wants to do for entry-level higher ed

by Christopher Beam
Slate, July 14


...Community colleges don't get a lot of respect. Except, as of this week, from President Obama. In a speech Tuesday in Warren, Mich., he proposed sinking nearly $12 billion into revamping the country's community-college system. The plan would provide $9 billion in grant money to boost academic programs and raise graduation rates, plus another $2.5 billion to upgrade school facilities. It would also fund open-source online courses so that schools don't have to build more classrooms to admit more students.

The point isn't to turn Harvard on the Highway into actual Harvard. Even if the government gave all $12 billion to one community college, it wouldn't be as rich as the World's Greatest University. Nor is the purpose merely to improve the image of community colleges. And it's not to encourage enrollment: With the economy tanking and tuitions at four-year colleges and universities exploding, community colleges are in the rare position of having to turn people away. "We're bursting at the seams," says Gail Mellow, president of LaGuardia Community College in New York City, which saw a 25 percent increase in students over last year.

Rather, the plan is designed to correct decades of federal neglect. "Too often, community colleges are treated like an afterthought—if they're thought of at all," Obama said in his speech. Right now, somewhere between one-third and one-half of American undergrads are at community colleges, depending how you count. Yet community colleges receive only 20% of federal funding. "We've been so focused on the quality and reputation of our lead institutions" at the expense of community colleges, says Thomas Bailey of the Community College Research Center at Columbia University. (That's right: Not even the community college research center is based at a community college.) "The biggest issue in higher education has been affirmative action." Racial preference isn't a problem when you don't turn anyone away.

That model is outdated, says Mellow: "We live in a knowledge economy, and we've set up education as if we're an agrarian culture." It used to be that you could educate the top 10%, he said, and the rest of the population would get unskilled jobs. But in a global economy, where even professions like cashier or truck driver require constant upgrades in technology and information, a high-school diploma is not always enough. That said, a pricey Ivy League degree may not be necessary, either. Community colleges fill that hole.

If the goal is to raise college graduation rates—Obama wants 5 million more grads by 2020—community colleges make an obvious target. They're packed with people who want to be in college—they enrolled, after all—but often drop out. (Only 30% of students entering community college graduate in six years, compared with 58% of students at four-year schools.) Plus, they require little funding compared with other universities: Community college tuitions are typically in the $2,000-to-$5,000 range.

Another reason to spend on community colleges: They're agile. If the university system is an ocean liner, community colleges are the speedboats of higher education. If they get more money and use it wisely, the thinking goes, they can produce results in a matter of years. After all, they're designed to respond to the needs of the local community. For example, LaGuardia Community College recently introduced a program to train designers in New York City. When the fishing industry started struggling in Massachusetts, Cape Cod Community College turned its focus to nursing and other health-care-related jobs. When Connecticut introduced its first casino, one nearby community college started training croupiers. For an administration looking for shovel-ready projects, community colleges can provide a lot of shovels.

Will $12 billion really make a difference? "We'd hope so," says Elizabeth Homan, a spokeswoman for Montgomery College. The school currently has $78 million in deferred maintenance and hasn't hired any new faculty in two years. Obama's plan might not cover the needs of all 1100 community colleges in the country. But the national attention will probably help the schools raise more money on their own. The Bill & Melinda Gates Foundation last year announced up to $500 million in grants to community colleges.

Educators also hope Obama's new focus will change the way people think about post-secondary education. Giant research universities increase the amount of knowledge in the world. But community colleges increase the number of people who know it. And with jobs going overseas at ever-faster rates, America needs an educated, flexible work force ready to change jobs on short notice. That work force is more likely to emerge from community colleges than from, say, the Dartmouth English department.
 
I loved when he said that Michelle thinks he looks cute in the White Sox jacket (he does) But he should lose the Dad Levis jeans. It's excruciating enough listening to McCarver and Buck..but to listen to them interview the President was even worse. Luckily he was pretty charming. Wakefield should have gotten in (Joe Mauer the Superman can't catch a knuckleball?) and Papelbon sucked you-know-what just as he has the last few weeks. I liked the locker room video- Ichiro meeting Obama was priceless.

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I thought Obama's was pretty good (he did practice with Pujols). Here's a bad one

YouTube - Mark Wahlberg Throws The First Pitch

Much worse. Gotta love the outfit too

YouTube - Mariah Carey Throws First Pitch In Baseball Game
 
NSW! Good to see you back, dude.
I assume that you 'delivered' in your trousers when TUF was played.
I still haven't heard it, I am saving my virgin ass for the live experience.
And by "live experience" I mean in a restroom, George Michael style.
 
Shining a harsh light on hedge funds

by Andrew Leonard
Salon.com, July 16


On Wednesday, the U.S. Treasury sent proposed legislation to Congress outlining new rules for hedge fund regulation. From Bloomberg:

The legislation would require firms for the first time to report their assets, leverage, off-balance sheet holdings and investments to regulators on a confidential basis, the department said today in a statement. The law would apply to hedge funds, private-equity firms and venture capital managers with more than $30 million in assets.​

Simply requiring large hedge funds to report what they're doing, confidentially, might seem like weak beer to those looking for Obama to smack Wall Street around with a heavier stick. But, coincidentally, on that same day, the Senate Banking Committee held a hearing on hedge fund regulation, and one of the panel discussants called to testify, Richard Bookstaber, explained clearly exactly why such rules could make a big difference in protecting the U.S. economy from the risk of another financial meltdown. One excerpt:

"To control the systemic risk posed by hedge funds we must be able to measure crowding, the unintentional concentration of separate funds in the same trade. This means knowing the positions of the individual hedge funds and then being able to aggregate those positions. Whatever their own risk management capabilities, the individual funds--and regulators that might be providing oversight on an institution-by-institution basis--cannot keep systemic risk in check because they do not have this aggregate information. It is as if each fund is sitting in a darkened theater unaware of how many others might run for the exit. To regulate and monitor the systemic risk arising from manipulation, the first task again is for the regulator to know the positions of the hedge funds that are capable of such manipulation, and know those positions on a frequently updated basis...This is missing in the current regulatory structure, and is at the core of systemic risk."​

Maybe it's not Glass-Steagal, or equivalent to the creation of the FDIC or SEC, but it would definitely be an incremental improvement from the situation as it now stands. It's also encouraging to see the White House submit legislation in actual draft form, rather than just articulate priorities and then wait for Congress to act. Accumulate enough incremental improvements like this, and eventually you might actually have something that resembles real reform.


But on the other hand,


Goldman and JP Morgan win while America loses

by Robert Reich
Salon.com, July 16


Besides Goldman Sachs, the Street's other surviving behemoth is JPMorgan. On Thursday, it posted second-quarter earnings up a stunning 36% from the first quarter, to $2.7 billion. The resurgence of JPMorgan and Goldman Sachs gives both banks more financial clout than any other players on the Street--allowing both firms to lure talent from everywhere else on the Street with multimillion pay packages, giving both firms enough economic power to charge clients whopping fees, and bestowing on both firms even more political heft in Washington.

Where are the antitrusters when we need them? Alternatively, why isn't the government charging Goldman and JPMorgan a large insurance fee for classifying both firms as "too big to fail" and therefore automatically bailed out if the risks they take turn sour? Instead, we've ended up with two giants that now have most of the casino to themselves, are playing with poker chips backed by taxpayers, and have a big say in what the rules of the game are to be.

When JP Morgan repaid its federal bailout of $25 billion last month it was, like Goldman, freed from stricter government oversight. The freedom has also allowed JP, like Goldman, to take tougher and more vocal stands in Washington against proposed financial regulations they dislike. JP is mounting a furious lobbying campaign against regulations that would funnel derivatives trading through exchanges where regulators can monitor them, and thereby crimp JP's profits. Now the Street's biggest derivatives player, JP has generated billions helping clients navigate these contracts and assuming counter-party risk in such transactions. Its derivatives contracts were valued at roughly $81 trillion at the end of the first quarter, representing 40% of the derivatives held by all banks, according to the Office of the Comptroller of the Currency. JP has played down its potential risk exposure from these derivatives contracts, of course, but anyone who's been paying attention over the last 10 months knows that unregulated derivatives have been at the center of the storm.

The tumult on the Street has also given both firms extraordinary market power. That's where much of the current profits are coming from. JP used the crisis to snap up Bear Stearns in March and Washington Mutual last fall, with the amiable assistance of the Treasury. The deals have boosted JP's dominance in retail banking and prime brokerage, enabling it to charge its corporate clients heftier fees for lending and other financial services, and to corner more of the market in fixed-income and equities. JP also bolstered its earnings by helping other financial companies raise capital following the stress test results in May.

Antitrust law was designed to prevent just this sort of market power and political heft. The Justice Department or the Federal Trade Commission should investigate the newfound dominance of Goldman and JP--and, if warranted, break them up. Alternatively, Congress should impose a surtax on the newly exclusive group of Wall Street firms, most notably Goldman and JPMorgan, which are now backed by implicit government bailout insurance guaranteeing that, should they get into trouble, taxpayers will keep them afloat. The surtax would approximate the economic benefit to these firms of such government largesse, which I'd estimate to be at least 50% of their profits from here on.
 
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Israel rejects US call to stop East Jerusalem settlement expansion

Financial Times (UK), July 20


Benjamin Netanyahu, Israel's prime minister, yesterday rejected a US call to halt construction on a controversial project in mostly Arab east Jerusalem in a move likely to heighten tensions with the country's staunchest ally over the expansion of Jewish settlements. The premier's statements came after a senior Israeli official, speaking on condition of anonymity, confirmed Israeli press reports that the US State Department had over the weekend summoned Michael Oren, the country's ambassador to Washington, to demand the plan be suspended.

Mr Netanyahu, speaking at his weekly cabinet meeting, reiterated his stance that Israeli sovereignty over the entire city of Jerusalem is "indisputable" and said: "We cannot accept the idea that Jews will not have the right to live and purchase [homes] in all parts of Jerusalem."

The statements are likely to provoke further friction with the US, which has demanded Israel freeze all Jewish construction in the occupied West Bank and east Jerusalem. Palestinians want the city's eastern part, which Israel captured in the 1967 war and annexed as part of its capital city in a move not recognised internationally, as the capital of their future state. Mr Netanyahu's stance may also hamper recent efforts by George Mitchell, the US Middle East envoy, and Ehud Barak, Israel's defence minister and the leader of the only centrist party in Mr Netanyahu's coalition, to reach a compromise on the settlements dispute. Mr Mitchell is expected to meet with the Israeli prime minister in Jerusalem later this month.

Yossi Alpher, an Israeli political analyst, said Mr Netanyahu's comments aimed at clarifying to the US and the Palestinians that he plans to make no concessions on Jerusalem. Furthermore, he added, the statements were a bid to appease the premier's ultra-nationalist and religious coalition allies, who support settlement construction and oppose the creation of a Palestinian state. He said: "Netanyahu is staking out a negotiating position on Jerusalem and is trying to hold his coalition together. This will only exacerbate the existing disagreements between the Netanyahu government and the Obama administration over this issue."
 
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