International Year of Water Cooperation – 2013

2013 UN Year of International Water Cooperation

In December 2010, the United Nations General Assembly declared 2013 as the United Nations International Year of Water Cooperation (Resolution A/RES/65/154). In reflection of this declaration, the 2013 World Water Day, which will take place on 22 March 2013, also will be dedicated to water cooperation. Therefore, UN-Water has called upon UNESCO to lead the 2013 United Nations International Year on Water Cooperation, in particular because of the Organization’s unique multidisciplinary approach which blends the natural and social sciences, education, culture and communication. Given the intrinsic nature of water as a transversal and universal element, the United Nations International Year on Water Cooperation naturally would embrace and touch upon all these aspects.

The objective of this International Year is to raise awareness, both on the potential for increased cooperation, and on the challenges facing water management in light of the increase in demand for water access, allocation and services. The Year will highlight the history of successful water cooperation initiatives, as well as identify burning issues on water education, water diplomacy, transboundary water management, financing cooperation, national/international legal frameworks, and the linkages with the Millennium Development Goals. It also will provide an opportunity to capitalize on the momentum created at the United Nations Conference on Sustainable Development (Rio+20), and to support the formulation of new objectives that will contribute towards developing water resources that are truly sustainable.

For more: http://www.unwater.org/watercooperation2013.html

Twitter http://twitter.com/#!/UNW_WWD

FaceBook https://www.facebook.com/UNWorldWaterDay

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31 Responses to International Year of Water Cooperation – 2013

  1. CR says:

    WH

    Monday, January 14, 2013

    All Times Eastern

    President Obama meets with Saudi Arabia’s Minister of Interior, Prince Mohammed bin Nayef bin Abdulaziz Al-Saud
    Oval Office

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    President Obama and Vice President Biden receive the presidential daily briefing

    11:00 AM
    Vice President Biden meets with Members of the House of Representatives to discuss ways to curb gun violence. Attorney General Eric Holder, Secretary of Homeland Security Janet Napolitano and Secretary of Health and Human Services Kathleen Sebelius also attend

    11:30 AM
    President Obama holds a news conference
    East Room

    12:00 PM
    White House Press Secretary Jay Carney briefs the press.

    12:30 PM
    President Obama and Vice President Biden meet for lunch.

    1:00 PM
    2:00 PM
    2:30 PM
    President Obama and Vice President Biden meet with Clinton.

    3:00 PM
    President Obama participates in an Ambassador Credentialing Ceremony for ambassadors from Poland, Japan, Zambia, Mongolia, Kazakhstan, Paraguay, Tuvalu, Maldives and the United Mexican States.

    4:00 PM
    5:00 PM
    6:00 PM
    7:00 PM
    8:00 PM
    9:00 PM
    10:00 PM

  2. CR says:

    International year of water cooperation – 2013

    In December 2010, the United Nations General Assembly declared 2013 as the United Nations International Year of Water Cooperation (Resolution A/RES/65/154). In reflection of this declaration, the 2013 World Water Day, which will take place on 22 March 2013, also will be dedicated to water cooperation. Therefore, UN-Water has called upon UNESCO to lead the 2013 United Nations International Year on Water Cooperation, in particular because of the Organization’s unique multidisciplinary approach which blends the natural and social sciences, education, culture and communication. Given the intrinsic nature of water as a transversal and universal element, the United Nations International Year on Water Cooperation naturally would embrace and touch upon all these aspects.

    The objective of this International Year is to raise awareness, both on the potential for increased cooperation, and on the challenges facing water management in light of the increase in demand for water access, allocation and services. The Year will highlight the history of successful water cooperation initiatives, as well as identify burning issues on water education, water diplomacy, transboundary water management, financing cooperation, national/international legal frameworks, and the linkages with the Millennium Development Goals. It also will provide an opportunity to capitalize on the momentum created at the United Nations Conference on Sustainable Development (Rio+20), and to support the formulation of new objectives that will contribute towards developing water resources that are truly sustainable.

    For more: http://www.unwater.org/watercooperation2013.html

    • CR says:

      World Water Day 2013
      World Water Day 2013 will also be dedicated to the theme of water cooperation. As part of the global campaign, the official UN event will be organized in 3 parts:

      1. Technical workshops;
      2. High level panel (that will be linked with the post-2015 process);
      3. A public event.

      Objectives of the Water Cooperation Campaign
      The overarching objective of the “Water Cooperation 2013” Campaign is to encourage and nurture water cooperation. To achieve this, there is a focus on four strategic objectives:

      1. Raise awareness on the importance, benefits and challenges of water cooperation;
      2. Enhance knowledge and build capacity for water cooperation;
      3. Spark concrete and innovative action towards water cooperation;
      4. Encourage partnerships and dialogue around water cooperation.

      The Thematic Session on Water Cooperation, organized by the government of Tajikistan in June 2012 at the Rio+20 Conference, also brought some key messages and recommendations from the 2011 Dushanbe Preparatory Conference on this issue.

    • CR says:

      UN initiatives in Water Cooperation

      There is a long history in which water has acted as the key element around which collaboration has taken place. However, given the present challenges facing water resources, strengthening institutions and their capacity to find peaceful solutions is a growing imperative. Promoting water diplomacy and effective cooperative strategies must be part of the program to help achieve the desired water-related goals. The promotion of the UN Convention on the Law of the Non-Navigational Uses of International Watercourses (the 1997 Watercourses Convention) and the UNECE Convention on the Protection and Use of Transboundary Watercourses and International Lakes (the Water Convention) is crucial in establishing a global framework. Programs, such as UNESCO’s IHP From Potential Conflict to Cooperation Potential (PCCP) have also helped lay the groundwork for how this can be done. Mainstreaming this knowledge and expertise, by sharing the lessons learned and the benefits of cooperation will help continue to push these objectives forward.

      As stressed in the conclusions of the Preparatory conference organized by Tajikistan in 2011, transboundary water cooperation needs to be fostered by joining and implementing regional and international agreements, bilateral and multilateral frameworks as well as existing mechanisms and modalities of water diplomacy.

      The Dushanbe Rio+20 preparatory conference on Water Cooperation Issues recognized the need:

      * to improve water governance at national level through improvement of laws and regulatory frameworks, political and administrative accountability, and public participation and transparency;
      * to foster transboundary water cooperation by joining and implementing regional and international agreements, and bilateral and multilateral frameworks as well as existing mechanisms and modalities of water diplomacy. To address water cooperation issues at the local, national and, as appropriate, regional and international levels;
      * to develop best practices on financing cooperation initiatives which are adequate for different levels of cooperation;
      * to foster public participation by fully engaging and supporting all stakeholders, including those in governments, international organizations, private sector, civil society and academia at an appropriate level while considering cultural aspects in different cooperation initiatives;
      * to foster cooperation through a broader approach including, South-South, North-South and triangular cooperation initiatives for water resources management in particular through Capacity Development, exchange of experiences, best practices and lessons learned, as well as sharing appropriate environmentally sound technologies and know-how;
      * to encourage partners in development cooperation to focus their assistance on the areas and countries that are off-track to achieve the Millennium Development Goals, with special attention to water-related components of all Goals and other internationally agreed development goals, in accordance with national priorities and development plans;
      * to enhance capabilities for collection, assessment, dissemination and monitoring of water related data including hydrological, hydro-biological, hydrogeological and meteorological data, thus, contributing to the implementation of the Global Framework for Climate Services;
      * to strengthen scientific understanding of the water cycle through cooperation in joint observation and research, knowledge-sharing, capacity-building and transfer of technology, particularly in developing countries and countries with economies in transition;
      * to encourage Governments of countries sharing transboundary river basins and aquifers to take appropriate measures for joint water resources monitoring and information networks among all river basins and aquifers and to exchange information;
      * to encourage provisions for information exchange and public participation, as well as mutual assistance in case of extreme events including water related disaster.

  3. CR says:

    Amidst Drought and Famine, Niger Leads West Africa in Addressing Crisis

    July 12, 2012 pbs

    JUDY WOODRUFF: Next: a looming famine in West Africa and one country’s move to address chronic food shortages.

    Our story is part of the Food for 9 Billion series, a multimedia project that explores the challenges of feeding a growing world in a time of social and environmental change. It’s a NewsHour partnership with the Center for Investigative Reporting, Homelands Productions, and American Public Media’s Marketplace.

    Special correspondent Fred de Sam Lazaro reports from Niger, one of eight drought-stricken countries where relief officials say millions of people are at risk of starvation.

    FRED DE SAM LAZARO: At 8:00 a.m. each day, the weigh-in begins at the health center near Madarounfa, a town near Niger’s remote southern border with Nigeria.

    Babies are weighed and the girth of their arms also measured, a color-coded proxy for malnutrition and famine. There was still an occasional green, or normal, on this day. Children in the yellow zone were more common, but in a few weeks, many more will fall, like Amina, into the red.

    Tests followed to assess her condition before Amina was transferred to the emergency feeding center a few miles away. It is near capacity, and the medical supervisor expects they will begin pitching expansion tents much earlier this year.

    DR. HASSAN AOUADE, Niger (through translator): In May, our admissions were up more than 10 percent from 2011, and that usually means our June and July will be really bad.

    FRED DE SAM LAZARO: Hunger is widespread in this region and famine frequent. But that very routineness is helping relief workers anticipate and contain the damage this year far better than the last crisis, in 2010, says the U.S. ambassador to Niger, Bisa Williams.

    BISA WILLIAMS, United States Ambassador to Niger: This is not like the situation in 2010. I think we are better prepared, and I think it is because the government of President Issoufou really did alert the community very early. They sounded the alarm as far back as October, September of last year.

    For the entire article and audio interview: http://www.pbs.org/newshour/bb/africa/july-dec12/niger_07-12.html

  4. Kat 4 Obama says:

    Happy and HOPEful Sunday night, CR and all friends!

    >^..^<

    Really like this topic!

  5. CR says:

    Biden to meet with House Dems on guns

    1/14/13 6:00 AM EST By REID J. EPSTEIN and DONOVAN SLACK – POLITICO44

    Vice President Biden will meet with 12 House Democrats Monday in the latest of his meetings to discuss gun violence, a White House official said.

    The 11 a.m. meeting, which will also include Attorney General Eric Holder, Health and Human Services Secretary Kathleen Sebelius and Homeland Security Secretary Janet Napolitano, comes as Biden is a day away from a deadline to deliver gun violence proposals to President Obama.

    The 12 House Democrats comprise a task force appointed by Minority Leader Nancy Pelosi after the massacre at Newtown, Conn., to study ways Congress can address gun violence. Its leader, Rep. Mike Thompson (D-Calif.), said last week that he has plans to meet with officials from the NRA and gun manufacturers.

    Along with hosting three town halls in his Sacramento-based district, Thompson last week said he spoke with his local gun retailers and found nothing but willing cooperation.

    “I haven’t talked to anyone yet who is not interested in helping,” Thompson said in an interview with POLITICO. “I’ve had real good luck.”

    Yet Thompson declined to reveal – as did Biden during his public comments on Thursday and Friday – what measures he found appropriate in responding to Obama’s call to address gun violence. He also said there had been no discussion about possible gun legislation with the House GOP leadership.

    “I don’t think there’s any magic bullet. if you’ll excuse the pun,” Thompson said. “It’s just going to be hard work finding where we can best improve the policy.”

    The other House Democrats meeting with Biden Monday include Reps. Carolyn McCarthy (D-N.Y.), the leading gun-control advocate in Congress and Ron Barber (D-Ariz.), the former Gabrielle Giffords aide who won her Tucson-based seat.

    McCarthy, whose husband was killed and son critically injured in a 1993 shooting on the Long Island Rail Road, has already introduced new legislation this month to forbid high-capacity ammunition magazines. Obama said in December that he backs the proposal and Biden indicated last week that it will be included in his working group’s recommendations.

    Also scheduled to attend the meeting are: Reps. Bobby Scott (D-Va.), Chaka Fattah (D-Penn.), Jackie Speier (D- Calif.), Elizabeth Esty (D-Conn.), William Enyart (D-Ill.), Ed Perlmutter (D-Colo.), Bennie Thompson (D- Miss.), John Conyers (D- Mich.) and John Dingell (D- Mich.).

  6. CR says:

    Lack Of Up-To-Date Research Complicates Gun Debate

    January 14, 2013 3:23 AM by CARRIE JOHNSON – NPR

    Vice President Joe Biden is getting ready to make recommendations on how to reduce gun violence in the wake of the school shooting in Newtown, Conn.

    But he says his task force is facing an unexpected obstacle: slim or outdated research on weapons.

    Public health research dried up more than a decade ago after Congress restricted the use of some federal money to pay for those studies.

    A Researcher Under Fire

    Art Kellermann was raised in eastern Tennessee, where his father taught him how to shoot a long gun when he was 10 years old. Kellermann grew up to become an emergency room doctor — and a target for gun-rights groups when he started asking questions like, “If a gun kept in a home was used, who did it shoot, and what were the consequences?”

    Kellermann found people turned those guns on themselves and others in the house far more often than on intruders. “In other words, a gun kept in the home was 43 times more likely to be involved in the death of a member of the household than to be used in self-defense,” he says.

    Kellermann says the National Rifle Association and other Second Amendment advocates leaned on his then-employer, Emory University, to stop the research. That didn’t work.

    So, he says, “they turned to a softer target, which was the [Centers for Disease Control and Prevention], the organization that was funding much of this work. And although gun injury prevention research was never more than a tiny percentage of the CDC’s research budget, it was enough to bring them under the fire of the NRA.”

    The Tiahrt Amendments

    Lawmakers — both Democrats and Republicans — held back some money from the CDC and made clear that no federal funds should be used to promote gun control.

    Many researchers interpreted that message to mean no public health studies about injuries from weapons.

    Then, a few years later, Congress weighed in again, in a slightly different way.

    In 2003, Rep. Todd Tiahrt, a Republican from Kansas, added language to the Justice Department’s annual spending bill. It says the Bureau of Alcohol, Tobacco, Firearms and Explosives can’t release information used to trace guns involved in crime to researchers and members of the public. It also requires the FBI to destroy records on people approved to buy guns within 24 hours.

    For the entire article and auido interview: http://www.npr.org/blogs/itsallpolitics/2013/01/14/169164414/lack-of-up-to-date-research-complicates-gun-debate

  7. CR says:

    A Justice Deliberates: Sotomayor On Love, Health And Family

    January 12, 2013 7:00 AM by NINA TOTENBERG – NPR

    Supreme Court Justice Sonia Sotomayor readily concedes that she was the beneficiary of affirmative action in higher education, and she doesn’t really know why her view is so different from that of her colleague, Justice Clarence Thomas.

    “As much as I know Clarence, admire him and have grown to appreciate him,” she says, “I have never ever focused on the negative of things. I always look at the positive. And I know one thing: If affirmative action opened the doors for me at Princeton, once I got in, I did the work. I proved myself worthy. So, I don’t look at how the door opened.”

    Sotomayor made the remarks in an interview with NPR just before the release of her new autobiography, My Beloved World.

    At Princeton, where she went to undergraduate school, there were fewer than 30 Latinos, she says, “but all of us had done spectacularly well in our high schools.” And while Sotomayor cannot explain why Thomas, the nation’s second African-American justice, feels so differently from her, she says, “I do know one thing about me: I don’t measure myself by others’ expectations or let others define my worth.”

    She notes that so-called “legacy admits” at top schools — students whose parents are alumni — never question how they get into school, nor do those with sports scholarships. So, like these students, she says, she concentrated on “the benefits of education and the fact that I have taken advantage of it in a positive way.” True, she observes, youngsters who attend prep schools do better on standardized tests and usually have a leg up when they get to college. “Is that a fair advantage? No, it’s life.”

    She says affirmative action, as she has seen it, is simply an attempt by schools to look “more widely” for minority students and those from poor families who have the ability to “master the environment” of a highly competitive college or university. It’s the kind of student you might find at Cardinal Spellman High School, her alma mater, in the Bronx.

    For the entire aritcle and audio interview: http://www.npr.org/2013/01/14/167699633/a-justice-deliberates-sotomayor-on-love-health-and-family

  8. CR says:

    11:00 AM ET
    Vice President Biden meets with Members of the House of Representatives to discuss ways to curb gun violence. Attorney General Eric Holder, Secretary of Homeland Security Janet Napolitano and Secretary of Health and Human Services Kathleen Sebelius also attend

    • CR says:

      Executive action on gun policy

      Mon Jan 14, 2013 2:31 PM EST By Steve Benen – POLITICO44

      Though much of the right has been unhappy with Vice President Biden’s task force on gun violence, an unscripted comment Biden made last week caused conservatives to ring the alarm even more aggressively.

      Talking to reporters about possible policy changes, Biden said, “The president is going to act. There are executive orders, executive action that can be taken. We haven’t decided what that is yet, but we’re compiling it all … as well as legislative action, we believe, is required.”

      The use of possible “executive orders” was not well received — the right, without having seen the still-unwritten orders, accused President Obama of taking dictatorial actions on guns without congressional approval. ABC’s Jonathan Karl raised the issue at this morning’s White House press conference, asking, “[G]iven how difficult it will be, some would say impossible, to get any gun control measure passed through this Congress, what are you willing or able to do using the powers of your presidency to act without Congress?”

      The president said we can expect more information once the VP’s task force has crafted specific recommendations, but Obama added, “I’m confident that there are some steps that we can take that don’t require legislation and that are within my authority as president. And where you get a step that has the opportunity to reduce the possibility of gun violence, then I want to go ahead and take it.”

      This, I suspect, will cause even more heart palpitations, so let’s quickly note two simple facts. One, there are plenty of legal steps a president can take — in this and other areas — without actions from Congress. It’s perfectly normal under existing law and not evidence of a dictatorship.

      Two, there’s ample precedent for president using executive power to act on guns — including in Republican administrations.

      Continue reading: http://maddowblog.msnbc.com/_news/2013/01/14/16508961-executive-action-on-gun-policy?lite

    • CR says:

      Biden says he’s been calling Newtown victims

      1/14/13 4:39 PM EST By REID J. EPSTEIN – POLITICO44

      The White House outreach on gun violence includes calls from Vice President Biden to the families of the victims of the Newtown, Conn., school shooting, Biden told House Democrats Monday.

      “The vice president mentioned that he has called every one of the families that has lost children in Connecticut, and that the conversations have lasted no less than 45 minutes,” Rep. Jackie Speier (D-Calif.) told POLITICO Monday afternoon. “The commitment to go above and beyond is noteworthy.”

      Biden’s meeting with the House Democratic gun violence task force, the latest in the White House outreach to groups invested in the gun issue, last two hours but did not reveal any new strategies on how President Obama plans to push his proposed legislation through Congress.

      Obama, during his East Room press conference, said he plans to unveil his administration’s gun control proposals later this week.

      Neither the White House nor Biden’s office responded to requests for comment about Biden’s Monday meeting.

  9. CR says:

    Next Up…

    11:30 AM ET
    President Obama holds a news conference
    East Room

    WhiteHouse.gov http://www.whitehouse.gov/live

    ABC News http://abcnews.go.com/Live/

    CSPAN http://www.c-span.org/Events/Pres-Obama-Holds-News-Conference/10737437244/

    • CR says:

      January 14, 2013

      News Conference by the President

      East Room

      11:39 A.M. EST

      THE PRESIDENT: Please have a seat, everybody. Good morning. I thought it might make sense to take some questions this week, as my first term comes to an end.

      It’s been a busy and productive four years. And I expect the same for the next four years. I intend to carry out the agenda that I campaigned on — an agenda for new jobs, new opportunity, and new security for the middle class.

      Right now, our economy is growing, and our businesses are creating new jobs, so we are poised for a good year if we make smart decisions and sound investments — and as long as Washington politics don’t get in the way of America’s progress.

      As I said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. And for nearly two years now, I’ve been fighting for such a plan — one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. That would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn’t crowd out the investments we need to make in people and education and job training and science and medical research — all the things that help us grow.

      Now, step by step, we’ve made progress towards that goal. Over the past two years, I’ve signed into law about $1.4 trillion in spending cuts. Two weeks ago, I signed into law more than $600 billion in new revenue by making sure the wealthiest Americans begin to pay their fair share. When you add the money that we’ll save in interest payments on the debt, all together that adds up to a total of about $2.5 trillion in deficit reduction over the past two years — not counting the $400 billion already saved from winding down the wars in Iraq and Afghanistan.

      So we’ve made progress. We are moving towards our ultimate goal of getting to a $4 trillion reduction. And there will be more deficit reduction when Congress decides what to do about the $1.2 trillion in automatic spending cuts that have been pushed off until next month.

      The fact is, though, we can’t finish the job of deficit reduction through spending cuts alone. The cuts we’ve already made to priorities other than Medicare, Medicaid, Social Security and defense mean that we spend on everything from education to public safety less as a share of our economy than it has — than has been true for a generation. And that’s not a recipe for growth.

      So we’ve got to do more both to stabilize our finances over the medium and long term, but also spur more growth in the short term. I’ve said I’m open to making modest adjustments to programs like Medicare to protect them for future generations. I’ve also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest Americans. If we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow.

      It turns out the American people agree with me. They listened to an entire year’s debate over this issue, and they made a clear decision about the approach they prefer. They don’t think it’s fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. They don’t think it’s smart to protect endless corporate loopholes and tax breaks for the wealthiest Americans rather than rebuild our roads and our schools, invest in our workers’ skills, or help manufacturers bring jobs back to America. So they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part.

      That’s what I want as well. That’s what I’ve proposed. And we can get it done, but we’re going to have to make sure that people are looking at this in a responsible way rather than just through the lens of politics.

      For more: http://www.whitehouse.gov/the-press-office/2013/01/14/news-conference-president

  10. CR says:

    3:00 PM ET
    President Obama participates in an Ambassador Credentialing Ceremony for ambassadors from Poland, Japan, Zambia, Mongolia, Kazakhstan, Paraguay, Tuvalu, Maldives and the United Mexican States.

  11. CR says:

    January 14, 2013

    Readout of the President’s Meeting with Saudi Minister of Interior Prince Mohammed bin Nayef

    Today, President Obama met with Saudi Arabia’s Minister of Interior, Prince Mohammed bin Nayef bin Abdulaziz Al-Saud, in the Oval Office. They affirmed the strong partnership between the United States and Saudi Arabia, and discussed security and regional issues of mutual interest. The President congratulated Prince Mohammed bin Nayef on his appointment to Minister of Interior and asked him to convey his best wishes to King Abdullah bin Abd Al-Aziz Al Saud.

  12. CR says:

    4:30 PM ET

    Ben Bernanke Chairman Speech

    Description
    Federal Reserve Chairman Ben Bernanke (FOMC Voting Member) speaks at University of Michigan in a conversation with Ford School Dean Susan M. Collins on monetary policy and the U.S. economy.

    Highlights
    Fed Chairman Ben Bernanke spoke on the economy and economic policy. On the fiscal cliff, he noted that sustainability is the key issue in the long term. But in the short term, he stated that the recovery should not be hampered. He noted that the New Year’s deal on the fiscal cliff reduced some of the negative impact but that we are still not out of the woods. He expects a lot of debate in coming months about the size of government. Regarding the debt ceiling, Bernanke specifically stated that raising the debt ceiling does not increase government spending but only allows the federal government to pay bills incurred. He sees raising the debt ceiling as very important. He sees government spending as reflecting values of the public and is based on decisions separate from the Fed. Regarding balance sheet moves, Bernanke believes the Fed’s actions as bringing down long-term rates and the Fed will continue to assess the impact of QE3 on financial markets and the labor market. He sees quantitative easing to have had positive impact on the recovery. For the recovery going ahead, Bernanke sees housing as a positive and that even state and local government has improved. The Fed chief does not believe excessive inflation is a problem related to quantitative easing. Bernanke stated that the Fed has the tools to unwind as needed and inflation is currently well contained. Again discussing fiscal policy, the Fed will focus on monetary policy and leave it to Congress to address fiscal. He did note that raising rates prematurely would not only be a negative for the recovery but also would raise the federal deficit. On the economy, the Fed chief is cautiously optimistic about economic growth over the next couple of years. Back to the debt ceiling issues, Bernanke stated that not raising the debt ceiling puts 80 million payments at risk. Regarding the trillion dollar coin issue, he noted that over the weekend both the Treasury and Fed indicated that such was not the right way to deal with the debt ceiling issue. He expects Congress to raise the debt ceiling.

    • CR says:

      Fed’s Little-Noticed Escape Clause Allows for U.S. Growth

      Jan 13, 2013 4:01 PM PT By Caroline Salas Gage – bloomberg

      Federal Reserve Chairman Ben S. Bernanke is giving himself an escape clause from his latest stimulus steps in case the economy finally gains momentum.

      He’s made his third round of quantitative easing open-ended — meaning the program doesn’t have a set time frame — and signaled he may adjust its pace if needed. In December, the policy-setting Federal Open Market Committee added outright Treasury purchases to its mortgage-bond buying, saying it would acquire U.S. government debt “initially” at a pace of $45 billion a month on top of $40 billion in home-loan debt.

      The strategy gives officials maneuvering room to slow purchases if gross domestic product expands at a more robust pace than forecast, said Dean Maki, chief U.S. economist at Barclays Plc. Fed officials in December projected growth in a range of 2 percent to 3.2 percent in 2013, already more optimistic than Wall Street’s median estimate of 2.2 percent, based on 57 analysts in a Bloomberg survey conducted Jan. 4 to Jan. 9.

      The Fed “doesn’t want to box itself in,” Maki, a former Fed board economist, said in a telephone interview from his New York office. “You could have a situation where financial markets improve and that leads to better growth. They want to not be committed to keep policy on hold, even if that stronger cycle were to get going.”

      For more: http://www.bloomberg.com/news/2013-01-14/fed-s-little-noticed-escape-clause-allows-for-u-s-growth.html

  13. CR says:

    Geithner: U.S. will breach debt ceiling between mid-Feb., early March

    1/14/13 5:14 PM EST By POLITICO STAFF – POLITICO44

    Treasury Secretary Timothy Geithner told Congress today that the U.S. government will run out of borrowing authority “between mid-February and early March of this year” if Congress does not raise the debt ceiling. Geithner is currently taking “extraordinary actions” to avoid default. In a letter to House Speaker John Boehner, Geithner said “we will provide a more narrow range with a more targeted estimate at a later date.”

  14. COS says:

    Hey CR, nice thread. You always have unusual information. Love it.

  15. CR says:

    WH

    Tuesday, January 15, 2013

    All Times Eastern

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    President Obama and Vice President Biden receive the presidential daily briefing

    Vice President Joe Biden delivers his recommendations on reducing gun violence to President Barack Obama

    11:00 AM
    12:00 PM
    12:30 PM
    President Obama and Vice President Biden meet for lunch.

    White House Press Secretary Jay Carney briefs the press.

    1:00 PM
    2:00 PM
    3:00 PM
    4:00 PM
    5:00 PM
    6:00 PM
    7:00 PM
    8:00 PM
    9:00 PM
    10:00 PM

  16. CR says:

    Joe Biden to deliver gun proposals by Tuesday

    1/10/13 1:24 PM EST By REID J. EPSTEIN – POLITICO44

    Vice President Joe Biden said Thursday that he will deliver his recommendations on reducing gun violence to President Barack Obama by Tuesday.

    Biden gave the most detailed description so far of what his panel will propose, telling sporting groups at the start of a meeting that there is broad consensus among those he’s surveyed to require universal background checks on all gun purchases and to restrict the amount of ammunition that can be included in a gun magazine.

    “There’s a real, very tight window to do this,” Biden said. “I committed to him I’d have these recommendations to him by Tuesday and it doesn’t mean it’s the end of the discussion, but the public wants us to act.”

    “There is nothing that has pricked the consciousness of the American people, there is nothing that has gone to the heart of the matter more than the visual image people have of little six year old kids riddled — not shot with a stray bullet — riddled, riddled with bullet holes in their classroom,” Biden said. “And the public demands we speak to it.”

    The sessions come at a moment of high drama on the gun issue. Biden on Wednesday made the Obama administration’s most explicit promise to curb gun violence. He is scheduled to meet Thursday afternoon with the NRA and other gun-owners groups, and Attorney General Eric Holder will meet with representatives from Wal-Mart and eight sporting good stores that sell guns.

    Read more: http://www.politico.com/story/2013/01/joe-biden-gun-proposals-by-tuesday-86014.html?hp=t1_3

  17. CR says:

    Sales at U.S. Retailers Rose More Than Forecast in December

    Jan 15, 2013 5:41 AM PT By Shobhana Chandra – bloomberg

    Retail sales in the U.S. rose more than projected in December as Americans wrapped up their holiday shopping, showing households looked beyond the year-end budget battle among U.S. lawmakers.

    The 0.5 percent gain followed a revised 0.4 percent increase in November that was more than previously reported, Commerce Department figures showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.2 percent rise. Sales excluding automobiles and gasoline climbed 0.6 percent for a second month.

    Consumer spending, which accounts for about 70 percent of the economy, was boosted by an improving labor market, growth in incomes and discounting by chains such as Macy’s Inc. (M) that may help sustain demand this year. At the same time, households may be hard-pressed to accelerate purchases as higher payroll taxes cut into take-home pay starting this month.

    “The consumer actually is doing okay,” Michael Gapen, a New York-based senior economist at Barclays Plc, said before the report. “The unemployment rate is trending lower, there’s moderate income growth, and equity and home price gains are helping.
    Spending will continue to grow though it’ll be soft in the first half.”

    Stock-index futures remained lower after the figures, with the contract on the Standard & Poor’s 500 Index expiring in March falling 0.4 percent to 1,459.1 at 8:39 a.m. in New York.

    For more: http://www.bloomberg.com/news/2013-01-15/retail-sales-in-u-s-increased-more-than-forecast-in-december.html

  18. CR says:

    Producer Price Index

    Released On 1/15/2013 8:30:00 AM For Dec, 2012

    Prior Consensus Consensus Range Actual
    PPI – M/M change -0.8 % -0.1 % -0.8 % to 0.4 % -0.2 %
    PPI less food & energy – M/M change 0.1 % 0.2 % 0.0 % to 0.2 % 0.1 %

    Highlights
    Energy, food, and capital goods pulled down on the PPI in December. The producer price index dipped 0.2 percent in December, following a 0.8 percent drop in in November. The December figure posted lower than the consensus forecast for a 0.1 percent decrease. The core rate, which excludes both food and energy, rose 0.1 percent, following a rebound of 0.1 percent in November. The consensus was for a 0.2 percent gain.

    Food inflation posted at down 0.9 percent after jumping 1.3 percent in November. Energy costs in December slipped 0.3 percent after a sharp monthly plunge of 4.6 percent in November. Gasoline declined 1.7 percent after falling 10.1 percent in November.

    Within the core, upward pressure was seen in passenger cars and tobacco.

    Source: http://bloomberg.econoday.com/byshoweventfull.asp?fid=456112&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top

  19. CR says:

    Wholesale Prices in U.S. Fall More Than Forecast on Food

    Jan 15, 2013 5:59 AM PT By Alex Kowalski & Michelle Jamrisko – bloomberg

    Wholesale prices in the U.S. dropped for a third month in December as food costs retreated, capping the smallest annual gain in four years and indicating there is little risk of a pickup in inflation.

    The producer price index declined 0.2 percent following a 0.8 percent decrease the prior month, Labor Department figures showed today in Washington. Economists projected a 0.1 percent fall, according to the median of 77 estimates in a Bloomberg News survey. For all of 2012, prices paid by companies climbed 1.3 percent, the smallest advance since a drop in 2008 and compared with an average 3.4 percent gain over the prior decade.

    Demand that cooled globally last year from Europe to China helped check input costs for producers. The reduced inflationary pressures mean Federal Reserve policy makers can keep adding stimulus to spur growth and employment without triggering a surge in prices.

    “We’re not really seeing any major inflation pressures out there, no matter where you look — labor market, imports, raw material prices,” said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Florida. “It looks like inflation is still going to be at or below the Fed’s comfort range,” which suggests “they can keep the gas pedal all the way down.”

    Other reports today showed consumer spending climbed more than forecast in December and manufacturing in the New York region contracted for s sixth month in January.

    Retail sales rose 0.5 percent following a revised 0.4 percent increase in November that was larger than previously reported, Commerce Department figures showed in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.2 percent rise. Sales excluding automobiles and gasoline climbed 0.6 percent for a second month.

    For more: http://www.bloomberg.com/news/2013-01-15/wholesale-prices-in-u-s-fall-more-than-forecast-as-food-drops.html

  20. CR says:

    Business Inventories

    Released On 1/15/2013 10:00:00 AM For Nov, 2012

    Prior Prior Revised Consensus Consensus Range Actual
    Inventories – M/M change 0.4 % 0.3 % 0.3 % 0.1 % to 0.5 % 0.3 %

    Market Consensus before announcement
    Business inventories rose 0.4 percent in October for the lowest rise since June. Business sales, however, fell 0.4 percent to end three straight months of gains. The mismatch pushed the stock-to-sales ratio to 1.29 versus September’s 1.28. Nonetheless, the inventory-to-sales ratio is still low and businesses will not require much adjustment to stocks on the shelves. And early evidence is that sales are healthy and will take care of backroom shelves. More recently, factory inventories were unchanged for November.

    Source: http://bloomberg.econoday.com/byshoweventfull.asp?fid=456184&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top

  21. CR says:

    ********************
    THIS POST IS NOW CLOSED NBLB

    Come on over to my newest post titled: “Mandatory Firearm Background Checks, Database & ATF Director”

    ********************

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