National Medal of Science & Technology and Innovation

President Obama Honors Nation’s Top Scientists and Innovators

President Obama named twelve eminent researchers as recipients of the National Medal of Science and eleven extraordinary inventors as recipients of the National Medal of Technology and Innovation, the highest honors bestowed by the United States Government upon scientists, engineers, and inventors. The recipients will receive their awards at a White House ceremony on February 1, 2013.

“I am proud to honor these inspiring American innovators,” President Obama said.  “They represent the ingenuity and imagination that has long made this Nation great—and they remind us of the enormous impact a few good ideas can have when these creative qualities are unleashed in an entrepreneurial environment.”

The National Medal of Science was created by statute in 1959 and is administered for the White House by the National Science Foundation. Awarded annually, the Medal recognizes individuals who have made outstanding contributions to science and engineering. A committee of Presidential appointees selects nominees on the basis of their extraordinary knowledge in and contributions to chemistry, engineering, computing, mathematics, or the biological, behavioral/social, and physical sciences.

The National Medal of Technology and Innovation was created by statute in 1980 and is administered for the White House by the U.S. Department of Commerce’s Patent and Trademark Office. The award recognizes those who have made lasting contributions to America’s competitiveness and quality of life and helped strengthen the Nation’s technological workforce. Nominees are selected by a distinguished independent committee representing the private and public sectors.

This year’s recipients are listed below.

Th Fiftieth National Medal of Science Award 

Dr. Allen Bard, University of Texas at Austin, TX
Dr. Sallie Chisholm, Massachusetts Institute of Technology, MA
Dr. Sidney Drell, Stanford University, CA
Dr. Sandra Faber, University of California, Santa Cruz, CA
Dr. Sylvester James Gates, University of Maryland, MD
Dr. Solomon Golomb, University of Southern California, CA
Dr. John Goodenough, University of Texas at Austin, TX
Dr. M. Frederick Hawthorne, University of Missouri, MO
Dr. Leroy Hood, Institute for Systems Biology, WA
Dr. Barry Mazur, Harvard University, MA
Dr. Lucy Shapiro, Stanford University School of Medicine, CA
Dr. Anne Treisman, Princeton University, NJ

natl_medal_of_science

National Medal of Technology and Innovation

Dr. Frances Arnold, California Institute of Technology, CA
Dr. George Carruthers, U.S. Naval Research Lab, DC
Dr. Robert Langer, Massachusetts Institute of Technology, MA
Dr. Norman McCombs, AirSep Corporation, NY
Dr. Gholam Peyman, Arizona Retinal Specialists, AZ
Dr. Art Rosenfeld, Lawrence Berkeley National Laboratory, CA
Dr. Jan Vilcek, NYU Langone Medical Center, NY

Team:

Dr. Samuel Blum, IBM Corporation, NY
Dr. Rangaswamy Srinivasan, IBM Corporation, NY
Dr. James Wynne, IBM Corporation, NY

Company:

Raytheon BBN Technologies, MA, *Represented by CEO, Edward Campbell

OBV.CNV

Affiliations listed are the awardees’ most recently identified employers; some awardees are now retired. 

National Medal of Science recipients database from 1962 to the present: http://www.nsf.gov/od/nms/recipients.cfm.

Obama_Biden_thumbnail

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40 Responses to National Medal of Science & Technology and Innovation

  1. CR says:

    WH

    Thursday, January 31, 2013

    All Times Eastern

    President Obama attends meetings at the White House.

    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
    12:00 PM
    1:00 PM
    Vice President Biden attend the Senate Democratic Policy and Communications Committee Lunch.
    US Capitol

    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

    Vice President Biden travels to the UK, France and Germany to meet with European leaders to discuss a full range of bilateral, regional and global issues.

  2. CR says:

    National Medal of Science

    On December 21, President Obama announced seven distinguished scientists as recipients of the 2011 National Medal of Science. The White House press release is available at http://www.whitehouse.gov/the-press-office/2012/12/21/president-obama-honors-nation-s-top-scientists-and-innovators.

    BACKGROUND

    The National Medal of Science was established by the 86th Congress in 1959 as a Presidential Award to be given to individuals “deserving of special recognition by reason of their outstanding contributions to knowledge in the physical, biological, mathematical, or engineering sciences.” In 1980 Congress expanded this recognition to include the social and behavioral sciences.

    A Committee of 12 scientists and engineers is appointed by the President to evaluate the nominees for the Award. Since its establishment, the National Medal of Science has been awarded to 468 distinguished scientists and engineers whose careers spanned decades of research and development. The recipients database from 1962 to the present can be searched at http://www.nsf.gov/od/nms/recipients.cfm.

    For more: http://www.nsf.gov/od/nms/medal.jsp

  3. CR says:

    Fox News ratings hit 12-year low

    1/30/13 7:45 PM EST By MACKENZIE WEINGER – POLITICO

    The network had its worst ratings since 2001 in January, according to the latest figures.

    The network had a 12-year low in the coveted 25-54 demographic in primetime and fell to its lowest total day ratings since 2008, a press release from rival cable channel MSNBC stated on Tuesday.

    And January marked the worst month ever for Fox’s “On the Record with Greta Van Susteren” among the 25-54 demo, as well as the channel’s lowest total viewership in the 10 p.m. hour since July 2008.

    At MSNBC, the cable network saw its ratings go up 11 percent in the 25-54 demo compared to January 2012. And “The Rachel Maddow Show” topped CNN’s “Piers Morgan Tonight” this month, and also ranked number one among the 18-34 demo.

    Fox News, meanwhile, had nine of the 10 top programs in January — Maddow’s show was the only non-Fox News program to enter the top 10, in the last slot, as the Huffington Post pointed out.

  4. Kat 4 Obama says:

    Good timely post, CR!

    >^..^<

  5. CR says:

    Consumer Spending in U.S. Rose in December as Incomes Surged

    Jan 31, 2013 5:42 AM PT By Shobhana Chandra – bloomberg

    Consumer spending in the U.S. climbed in December as incomes grew by the most in eight years, a sign the biggest part of the economy was contributing to the expansion as the year drew to a close.

    Household purchases, which account for about 70 percent of the economy, rose 0.2 percent after a 0.4 percent gain the prior month, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg survey of 72 economists called for a 0.3 percent rise. Incomes rose 2.6 percent, pushing the saving rate up to a more than three-year high.

    Lower fuel costs, job gains, holiday-season discounts and early dividend payouts helped to accelerate Americans’ spending last quarter, even as a plunge in defense outlays and slower stockpiling led the economy to contract at a 0.1 percent annual pace. An increase in taxes that began to shrink paychecks this month will pose a hurdle to sustaining gains in purchases.

    “Consumer spending will continue to show modest growth,” Josh Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York, said before the report. “The payroll tax isn’t going to help. We’re going to see consumers continue to be cautious.”

    Claims for unemployment benefits increased more than forecast last week, partially erasing a slide in the prior two weeks and reflecting the difficulty of adjusting the figures for swings at the start of a year, another report showed today. Initial jobless claims rose 38,000 to 368,000 in the week ended Jan. 26, the Labor Department reported.

    For more: http://www.bloomberg.com/news/2013-01-31/consumer-spending-in-u-s-climbed-in-december-as-incomes-surged.html

  6. CR says:

    Personal Income increased 2.6% in December, Spending increased 0.2%

    1/31/2013 09:08:00 AM by Bill McBride – calculatedrisk

    Note: Personal income jumped in December as many high income earners accelerated income into 2012 to avoid higher 2013 taxes. This pushed up personal income sharply, and also increased the savings rate. This will be reversed in the January report, and there will be a large decline in personal income on a month-to-month basis.

    The BEA released the Personal Income and Outlays report for December:
    Personal income increased $352.4 billion, or 2.6 percent … in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $22.6 billion, or 0.2 percent.

    Real PCE — PCE adjusted to remove price changes — increased 0.2 percent in December, compared with an increase of 0.6 percent in November. … The price index for PCE decreased less than 0.1 percent in December, compared with a decrease of 0.2 percent in November. The PCE price index, excluding food and energy, increased less than 0.1 percent in December, the same increase as in November.

    Personal saving — DPI less personal outlays — was $436.7 billion in November, compared with $404.6 billion in October. The personal saving rate — personal saving as a percentage of disposable personal income — was $805.2 billion in December, compared with $495.0 billion in November. The personal saving rate — personal saving as a percentage of disposable personal income — was 6.5 percent in December, compared with 4.1 percent in November.

    Read more at http://www.calculatedriskblog.com/2013/01/personal-income-increased-26-in.html

  7. CR says:

    Employment Cost Index

    Released On 1/31/2013 8:30:00 AM For Q4:12

    Prior Prior Revised Consensus Consensus Range Actual
    ECI – Q/Q change 0.4 % 0.4 % 0.5 % 0.4 % to 0.6 % 0.5 %
    ECI – Y/Y change 2.0 % 2.0 % 1.9 %

    Highlights
    Wage inflation doesn’t look like it’s going to be a factor for Federal Reserve policy anytime soon, at least judging by the fourth-quarter employment cost report. The headline index is up 0.5 percent, which is above the plus 0.4 percent rate in the third quarter, but details are favorable. The increase in wages & salaries is steady and mild at 0.3 percent, which is the same rate as the third quarter, while growth in benefit costs actually slowed, to 0.6 percent from the third quarter’s 0.8 percent. Year-on-year rates are also favorable with total compensation up 1.9 percent vs plus 2.0 percent in the third quarter with wages & salaries unchanged at a plus 1.7 percent rate and benefits slowing one tenth to plus 2.5 percent. From the worker’s perspective, these year-on-year rates may seem meager but they’re actually running a little higher than year-on-year consumer inflation which is at plus 1.7 percent.

    Source: http://bloomberg.econoday.com/byshoweventfull.asp?fid=456143&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top

  8. CR says:

    Diagnosing the ‘GDP problem’

    Jan 31, 2013 7:59 AM EST By Steve Benen – bloomberg

    One of top Politico stories of the day tells readers that, in the wake of yesterday’s economic news, President Obama has a “GDP problem.” After noting that the drop in economic growth was “largely due to a drop in government spending,” the article adds:

    Nonetheless, the politics are unambiguously terrible for Barack Obama … and it gave an adrenal jolt to the a GOP messaging establishment left supine by the Mitt Romney mirage and recent soul-searchy infighting.

    Politico’s report added that Democrats “will try to spin” the news, but the party’s “narrative” is “not very convincing” and burdened by “weakness.”

    It’s almost as if facts, evidence, reason, and a cursory understanding of economic policy no longer matters at all. In reality, the economy shrank a little in the last quarter because of spending cuts, but the party demanding more spending cuts has suddenly received “an adrenal jolt” — the Republican National Committee seemed inexplicably giddy after the GDP report was released — even though it’s now blisteringly obvious their agenda would undermine economic growth.

    Any why are those who’ve been proven wrong acting like they’ve been proven right? Apparently it has something to do with whether D.C. media types are “convinced” by your “narratives.”

    For those who still take policy seriously, and still believe a sustained economic recovery is possible, the facts are readily available: the people who seemed happiest yesterday by discouraging economic news have it backwards, and are pursuing policies that would make the problem worse, not better.

    That’s not based on opinions and speculation; that’s based on the report the misguided souls kept touting yesterday without reading.

    For more: http://maddowblog.msnbc.com/_news/2013/01/31/16789587-diagnosing-the-gdp-problem?lite

  9. CR says:

    Government is hurting the economy — by spending too little

    Posted by Ezra Klein on January 30, 2013 at 3:27 pm

    You’ve heard this before: The government is holding the economy back. And it’s true. The newly released numbers for economic growth in the fourth quarter, which show the economy shrinking at an 0.1 percent annual rate, prove that. But exactly what the government is doing to hold the economy back might surprise you.

    Typically, when people say the government is hurting the recovery, they mean that deficits are too high and uncertainty over future policy is scaring businesses. But there’s little evidence of that.
    The main reason to worry about deficits is that they’ll hike interest rates, as government borrowing crowds out private borrowing, and that makes it harder for businesses to grow and individuals to invest. But interest rates are about as low as they’ve ever been.

    After accounting for inflation, the federal government has been able to borrow at an unprecedented negative inflation-adjusted rate — so, the market is, essentially, paying us to keep their money safe — since 2011.

    For more: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/30/government-is-hurting-the-economy-by-spending-too-little/

  10. CR says:

    Business Activity in U.S. Grew More Than Forecast in January

    Jan 31, 2013 6:59 AM PT By Shobhana Chandra – bloomberg

    Business activity in the U.S. expanded more than forecast in January, a sign manufacturing picked up at the start of the year.

    The MNI Chicago Report’s business barometer rose to 55.6 this month, the highest since April, after 50 in December. A reading of 50 is the dividing line between expansion and contraction. The median forecast of 48 economists surveyed by Bloomberg was 50.5.

    A fourth-quarter acceleration in consumer spending may encourage firms to boost orders and production in early 2013, a sign manufacturing will keep adding to growth in the world’s largest economy. The report contrasts with data showing factory activity in the Philadelphia and New York area shrank this month as the risk of automatic government-spending cuts looms.

    “We’ll see modest growth in manufacturing in 2013,” Gus Faucher, senior economist at PNC Financial Services Group Inc. in Pittsburgh, said before the report. “My hope is that business investment picks up as we get through the year.”

    Bloomberg survey estimates ranged from 48.5 to 53.

    For more: http://www.bloomberg.com/news/2013-01-31/business-activity-in-u-s-expanded-more-than-forecast-in-january.html

  11. CR says:

    President Obama Signs New Directive to Strengthen our Work to Advance Gender Equality Worldwide

    Valerie Jarrett and Samantha Power January 30, 2013 10:50 PM EST

    Secretary of State Hillary Rodham Clinton watches as President Barack Obama signs a Presidential memorandum, “Coordination of Policies and Programs to Promote Gender Equality and Empower Women and Girls Globally,” in the Oval Office, Jan. 20, 2013. (Official White House Photo by Pete Souza)

    President Obama knows that promoting gender equality and empowering women and girls at home and abroad is not only the right thing to do, but the smart thing to do, as Secretary Clinton has famously said. A growing body of evidence- and our own experience- shows us that families, communities and countries are more prosperous and secure when, as President Obama said this month, “you unleash the power of everyone, not just some”. That’s why we’ve taken steps to achieve that simple and profound goal, from establishing the White House Council on Women and Girls, to launching a multilateral initiative to expand women’s political and economic participation, to developing a new strategy to prevent and respond to violence against women, to implementing a national action plan to promote the inclusion of women in conflict resolution and peace processes, to focusing on women and girls for greater impact in our global health and food security initiatives.

    And Secretary Clinton’s leadership in integrating the advancement of women and girls into U.S. foreign policy has been indispensable. With the tireless assistance of our first-ever Ambassador at Large for Global Women’s Issues, Melanne Verveer, she has elevated these issues in our diplomacy and ensured progress for women and societies for generations to come.

    READ MORE: http://www.whitehouse.gov/blog/2013/01/30/president-obama-signs-new-directive-strengthen-our-work-advance-gender-equality-worl

  12. CR says:

    1:00 PM ET
    Vice President Biden attends the Senate Democratic Policy and Communications Committee Lunch.
    US Capitol

  13. CR says:

    1:00 PM ET 
    The White House  administration officials hosts the next in an ongoing series of conversations of President Obama’s vision for a 21st century immigration system  on Google+

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

    • CR says:

      White House Hangout with Cecilia Muñoz on Immigration Reform

      Published on Jan 31, 2013

      Cecilia Muñoz, the Director of the White House Domestic Policy Council, participates in a “Fireside Hangout” about immigration reform. Jose Antonio Vargas, Pulitzer Prize-winning journalist and founder of Define America, moderated the hangout, and participants included America Ferrera, Jim Wallis, Cristina Jimenez, and Shervin Pishevar. January 31, 2013.

    • CR says:

      Fireside Hangout: Cecilia Muñoz Joins a Conversation on Immigration Reform

      Erin LindsayJanuary 29, 2013 06:18 PM EST

      On Thursday, learn more about President Obama’s vision for a 21st century immigration system as the White House hosts the next in an ongoing series of conversations with administration officials on Google+. Starting at 1:00 p.m. ET on January 31, Cecilia Muñoz, the Director of the White House Domestic Policy Council, will join the latest “Fireside Hangout”– a 21st century take on FDR’s famous radio addresses – to talk about immigration reform.

      The conversation will be moderated by Jose Antonio Vargas, Pulitzer Prize-winning journalist and founder of Define American, and Ms. Muñoz will discuss the President’s proposal for comprehensive immigration reform with participants, which will include America Ferrera, Co-chair of Voto Latino’s I’m Ready for Immigration Reform campaign and Jim Wallis, President and CEO of Sojourners. You can watch the hangout live on WhiteHouse.gov, or tune in to the White House’s Google+ page on Thursday, January 31 at 1:00 p.m. ET.

      For more: http://www.whitehouse.gov/blog/2013/01/29/fireside-hangout-cecilia-mu-oz-joins-conversation-immigration-reform

  14. CR says:

    Please join me in lighting a candle for the President, First Family and our Nation.

    http://www.gratefulness.org/candles/candles.cfm?l=eng&gi=PBO

  15. vitaminlover says:

    I like how much respect President Obama has for the sciences and education in general. Of course he is of high intellect himself.

  16. CR says:

    WH

    Friday, February 1, 2013

    All Times Eastern

    Vice President Biden an Dr Jill Biden travel to the UK, France and Germany to meet with European leaders to discuss a full range of bilateral, regional and global issues.

    2:00 AM
    Vice President Biden and Dr Jill Biden arrive in Berlin at Berlin-Tegel International Airport.

    Vice President Joe Biden meets with Chancellor Angela Merkel
    Chancellery, Berlin, Germany

    Dr Jill Biden meets with current American participants and German alumni of the Congress-Bundestag Youth Exchange Program
    Berlin, Germany

    Vice President Biden and Dr. Biden will meet with our Ambassador, Philip D. Murphy, and the embassy staff and their families
    US Embassy, Berlin, Germany

    3:00 AM
    4:00 AM
    5:00 AM
    6:00 AM
    7:00 AM
    8:00 AM
    9:00 AM
    Vice President Biden meets with German Chancellor Angela Merkel at the German Chancellery

    10:00 AM
    11:00 AM
    President Obama receives the presidential daily briefing

    11:30 AM
    White House Press Secretary Jay Carney briefs the press
    12:00 PM
    Vice President Biden and Dr Jill Biden arrive at Munich International Airport.

    1:00 PM
    2:00 PM
    2:15 PM
    President Obama awards twelve eminent researchers the National Medal of Science and eleven extraordinary inventors the National Medal of Technology and Innovation
    East Room

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

    • CR says:

      POTUS podium

      February 1, 2013

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

      11:30 AM ET
      White House Press Secretary Jay Carney briefs the press

      2:15 PM ET
      President Obama awards twelve eminent researchers the National Medal of Science and eleven extraordinary inventors the National Medal of Technology and Innovation
      East Room

      —-

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

      10:00 AM ET
      NASA remembers fallen astronauts
      NASA pays tribute to the crews of Apollo 1, Challenger and Columbia during the agency’s Day of Remembrance.

      11:30 AM ET
      White House Press Secretary Jay Carney briefs the press

      2:15 PM ET
      President Obama awards twelve eminent researchers the National Medal of Science and eleven extraordinary inventors the National Medal of Technology and Innovation
      East Room

      2:30 PM ET
      Hillary Clinton says farewell to State Department
      After four years and nearly one million miles on the road, Hillary Clinton says goodbye to employees at the State Department in Washington.

      —-

      CSPAN http://www.cspan.org/

      9:00 AM ET
      Military Personnel and Experts Discuss Women in Combat http://www.c-span.org/Events/Military-Personnel-and-Experts-Discuss-Women-in-Combat/10737437754/

      11:00 AM ET
      Experts will discuss “Campaigns and Legislation: Applying Lessons from the 2012 Campaign Cycle to the 113th Congress” at the Georgetown University Law Center on Friday.

      11:30 AM ET
      White House Press Secretary Jay Carney briefs the press

      12:10 PM ET
      Aspen Institute Holds Discussion on Domestic Workers http://www.c-span.org/Events/Aspen-Institute-Holds-Discussion-on-Domestic-Workers/10737437757/

      1:00 PM ET
      Africa Experts Discuss Security Situation in Mali http://www.c-span.org/Events/Africa-Experts-Discuss-Security-Situation-in-Mali/10737437755/

      2:15 PM ET
      President Obama awards twelve eminent researchers the National Medal of Science and eleven extraordinary inventors the National Medal of Technology and Innovation
      East Room

      2:30 PM ET
      Hillary Clinton says farewell to State Department
      After four years and nearly one million miles on the road, Hillary Clinton says goodbye to employees at the State Department in Washington. http://www.c-span.org/Events/Departing-Sec-of-State-Clinton-Thanks-Colleagues/10737437758/

      ———–

      State Department http://www.state.gov
      2:30 PM ET
      Hillary Clinton says farewell to State Department
      After four years and nearly one million miles on the road, Hillary Clinton says goodbye to employees at the State Department in Washington

  17. CR says:

    U.S. Payrolls Rose in January After Jumping at End of 2012

    Feb 1, 2013 5:52 AM PT By Alex Kowalski – bloomberg

    Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget.

    Payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The revisions added a total of 127,000 jobs to the employment count in November and December. The jobless rate increased to 7.9 percent from 7.8 percent.

    Sustained hiring gains will give incomes a lift, buffering American workers from the sting of higher payroll taxes and helping them keep spending. At the same time, bigger employment advances are needed to drive down a jobless rate that Federal Reserve officials say is too high.

    “The U.S. labor market has been very resilient in recent months,” said Harm Bandholz, chief U.S. economist at UniCredit Group in New York, who forecast a 160,000 gain in payrolls. “The big story is all the upward revisions to the previous months, which gives the report a real positive spin. All these concerns that the fiscal uncertainty deterred businesses from hiring, they certainly haven’t materialized.”

    Stock-index futures maintained gains after the figures, with the contract on the Standard & Poor’s 500 Index maturing in March rising 0.4 percent to 1,499.8 at 8:35 a.m. in New York.

    The median forecast of 90 economists surveyed by Bloomberg called for an advance of 165,000 in January payrolls. Projections ranged from gains of 115,000 to 230,000 following an initially reported 155,000 increase in December.

    For more: http://www.bloomberg.com/news/2013-02-01/payrolls-in-u-s-rose-in-january-after-jumping-at-end-of-2012.html

  18. CR says:

    Motor Vehicle Sales

    Released On 2/1/2013 For Jan, 2013

    Prior Consensus Consensus Range
    Domestic Vehicle Sales 12.0 M 12.0 M 11.7 M to 12.1 M
    Total Vehicle Sales 15.4 M 15.3 M 14.8 M to 15.5 M

    Market Consensus before announcement
    Sales of total light motor vehicles held strong in December at an annualized 15.4 million units versus 15.5 million units in November. Sales were helped in part by replacement needs from damage from Hurricane Sandy. Domestics posted at 12.0 million units-matching the November pace.

    Source: http://bloomberg.econoday.com/byshoweventfull.asp?fid=455392&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top

  19. CR says:

    West Wing Week: 02/01/13 or “The Dude from Stillwater”

    Published on Jan 31, 2013

    This week, the President announced his choice for his new Chief of Staff, pushed for comprehensive immigration reform, and invited the Boys and Girls Club Youth of the Year, Presidential Innovation Fellows, law enforcement officials, 60 minutes, and the Miami Heat to the White House.

  20. CR says:

    Consumer sentiment gains in January on fiscal deal optimism

    2/1/13 Reuters – 3 hrs ago

    NEW YORK (Reuters) – Consumer sentiment unexpectedly improved in January as Americans felt Washington’s deal to avert the “fiscal cliff” at the beginning of the year boded well for the economy, a survey released on Friday showed.

    The Thomson Reuters/University of Michigan’s final reading on the overall index of consumer sentiment rose to 73.8 from 72.9 in December, topping economists’ forecasts for 71.5.

    It also marked an improvement from early January’s 71.3 preliminary figure, which had been the lowest level in over a year. Survey interviews were done before data earlier this week showed the economy contracted in the fourth quarter.

    The agreement reached in Washington earlier in January averted the full brunt of tax increases and spending cuts that had been set to come into effect. But taxes did increase for some Americans, and a 2 percent reduction in payroll taxes came to an end.

    “The payroll tax increase has had a significant impact on spending among lower income households,” survey director Richard Curtin said in a statement.

    For more: http://news.yahoo.com/consumer-sentiment-gains-january-fiscal-deal-optimism-150426070–business.html;_ylt=A2KJjaj1BwxRTTkAWxLQtDMD

  21. CR says:

    Manufacturing in U.S. Grew More Than Forecast in January

    Feb 1, 2013 7:48 AM PT By Shobhana Chandra – bloomberg

    Manufacturing in the U.S. expanded more than forecast in January, reaching a nine-month high and showing the industry is starting to improve.

    The Institute for Supply Management’s manufacturing index climbed to 53.1 last month from December’s 50.2, the Tempe, Arizona-based group’s report showed today. Readings above 50 signal expansion. The figure exceeded the highest estimate in a Bloomberg survey of 86 economists. The median forecast was 50.7.

    Stocks extended gains after the report showed gains in orders, production and factory employment after a fourth-quarter acceleration in consumer purchases and a rebound in business spending. The housing recovery and stabilization in overseas markets indicate factories may keep adding to growth in the world’s largest economy this year.

    “Manufacturing is on the mend,” said Brian Jones, senior U.S. economist at Societe Generale in New York, who projected a reading of 52. “Things are getting better as we begin the year.”

    The Standard & Poor’s 500 Index climbed 0.8 percent to 1,509.7 at 10:47 a.m. in New York.

    Another report this morning showed hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget.

    Payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The revisions added a total of 127,000 jobs to the employment count in November and December. The jobless rate increased to 7.9 percent from 7.8 percent.

    For more: http://www.bloomberg.com/news/2013-02-01/manufacturing-in-u-s-grew-more-than-forecast-in-january.html

  22. CR says:

    Construction Spending

    Released On 2/1/2013 10:00:00 AM For Dec, 2012

    Prior Prior Revised Consensus Consensus Range Actual
    Construction Spending – M/M change -0.3 % 0.1 % 0.8 % 0.2 % to 1.3 % 0.9 %

    Highlights
    Construction posted a nice gain in December as construction spending jumped 0.9 percent, following a revised rise of 0.1 percent in November (originally down 0.3 percent). Analysts forecast a 0.8 percent boost.

    The increase in December was led by a 2.2 percent gain in residential outlays after a 0.6 percent increase in November. Most of the latest improvement was from multifamily construction although single-family outlays also advanced. Public construction declined in the latest month.

    Source: http://bloomberg.econoday.com/byshoweventfull.asp?fid=456269&cust=bloomberg-us&year=2013&lid=0&prev=/byweek.asp#top

  23. CR says:

    Next Up…

    2:15 PM ET
    President Obama awards twelve eminent researchers the National Medal of Science and eleven extraordinary inventors the National Medal of Technology and Innovation, the highest honors bestowed by the United States Government upon scientists, engineers, and inventors

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

    CNN http://live.cnn.com

    • CR says:

      February 01, 2013

      Remarks by the President at Ceremony for the 2011 National Medals of Science, and National Medals of Technology and Innovation

      East Room

      2:22 P.M. EST

      THE PRESIDENT: Thank you. (Applause.) Thank you so much. Please, everyone have a seat. Well, it is my incredible pleasure and honor to welcome this incredibly talented group of men and women in the White House. And I want to congratulate them on earning America’s highest honor for invention and discovery — the National Medals of Science, and the National Medals of Technology and Innovation.

      Before we start, I want to acknowledge the head of the National Science Foundation, Dr. Subra Suresh, as well as the members of my Cabinet who are with us here today. Where is everybody? Where did Subra go? (Laughter.) There you go. All right, I just wanted to make sure they all showed up. (Applause.)

      I especially want to thank Secretary Steven Chu, who announced this morning that he will be leaving the Department of Energy. That will be a loss for us. Steve has been a great friend, a tremendous colleague over the past four years, working on a whole range of energy issues, but also designing a cap to plug a hole in the middle of the Gulf of Mexico when nobody else could figure it out. And that’s typical of the incredible contributions that he’s made to this country. Because of his leadership, this country is further along on the path to energy independence. It’s better positioned for the jobs and industries of the future.

      So, Steve, you have earned more than your fair share of relaxation time, but we are grateful for your extraordinary service. So thank you. (Applause.)

      Now, this is the most collection of brainpower we’ve had under this roof in a long time — (laughter) — maybe since the last time we gave out these medals. I have no way to prove that, and I know this crowd likes proof. (Laughter.) But I can’t imagine too many people competing with those who we honor here today.

      If there is one idea that sets this country apart, one idea that makes us different from every other nation on Earth, it’s that here in America, success does not depend on where you were born or what your last name is. Success depends on the ideas that you can dream up, the possibilities that you envision, and the hard work, the blood, sweat and tears you’re willing to put in to make them real.

      For more: http://www.whitehouse.gov/the-press-office/2013/02/01/remarks-president-ceremony-2011-national-medals-science-and-national-med

    • CR says:

      Honoring Science, Technology & Innovation Achievements

      Published on Feb 20, 2013

      Hear from National Medal of Science and Technology and Innovation Laureates as they discuss their groundbreaking work and the importance of STEM education to prepare America for the jobs of the future. http://www.whitehouse.gov/stem

  24. CR says:

    2:30 PM ET
    Hillary Clinton says farewell to State Department
    After four years and nearly one million miles on the road, Hillary Clinton says goodbye to employees at the State Department in Washington. http://www.c-span.org/Events/Departing-Sec-of-State-Clinton-Thanks-Colleagues/10737437758/

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Events/Departing-Sec-of-State-Clinton-Thanks-Colleagues/10737437758/

    State Department http://www.state.gov

    • CR says:

      Hillary Clinton Says Farewell to State Department: Grateful and Proud

      Published on Feb 1, 2013

      Outgoing secretary of state makes her final speech to room full of State Department employees.

  25. CR says:

    Please join me in lighting a candle for our President, First Family and our Nation.

    http://www.gratefulness.org/candles/candles.cfm?l=eng&gi=PBO

  26. CR says:

    February 1, 2013

    hhs.gov

    Administration issues Notice of Proposed Rulemaking on recommended preventive services policy

    The Obama administration today issued proposed rules for public comment regarding contraceptive coverage with no cost sharing under the health care law. The proposed rules provide women with coverage for preventive care that includes contraceptive services with no co-pays, while also respecting the concerns of some religious organizations.

    Today’s Notice of Proposed Rulemaking reflects public feedback received through the Advance Notice of Proposed Rulemaking issued in March 2012. In addition, these proposed rules are open for public comment through April 8, 2013.

    “Today, the administration is taking the next step in providing women across the nation with coverage of recommended preventive care at no cost, while respecting religious concerns,” said Health and Human Services Secretary Kathleen Sebelius. “We will continue to work with faith-based organizations, women’s organizations, insurers and others to achieve these goals.”

    The proposed rules lay out how non-profit religious organizations, such as non-profit religious hospitals or institutions of higher education, that object to contraception on religious grounds can receive an accommodation that provides their enrollees separate contraceptive coverage, and with no co-pays, but at no cost to the religious organization.

    For more: http://www.hhs.gov/news/press/2013pres/02/20130201a.html

  27. CR says:

    Wall Street surges to five-year highs; Dow ends above 14,000

    2/1/13 Angela Moon – Reuters – 23 minutes ago

    NEW YORK (Reuters) – Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy’s recovery remains on track.

    The S&P touched its highest since December 2007 after a 5 percent gain in January, which was its best start to a year since 1997. The index is now just about 60 points away from its all-time intraday high of 1,576.09.

    Employment grew modestly in January, with 157,000 jobs added. That was slightly below expectations, but Labor Department revisions showed 127,000 more jobs were created in November and December than previously reported.

    Analysts attributed the market’s robust showing so far this year partly to a deluge of cash flowing into equities.

    Investors poured $12.7 billion into U.S.-based stock mutual funds and exchange-traded funds in the latest week, concluding the strongest four-week flows into stock funds since 1996, data showed on Thursday.

    “There is a lot of money looking for a home, and people are finally deciding the bond market is done and moving money into equities,” said Edward Simmons, managing director and partner at HighTower in Portland, Maine.

    “I see the rotation (of assets) pushing the market up in the face of not-massive amounts of good news,” he said. “People are overlooking the higher risk in equities.”

    Other reports released Friday showed the pace of growth in the U.S. manufacturing sector picked up in January to its highest level in nine months, U.S. consumer sentiment rose more than expected last month, while December construction spending also beat forecasts.

    “All the data seems to keep pointing to a slowly, steadily improving economy,” said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.

    For more: http://finance.yahoo.com/news/p-500-posts-biggest-monthly-001324596.html

  28. CR says:

    January 31, 2013

    Presidential Proclamation: National African American History Month, 2013

    By The President of The United States of America

    A Proclamation

    In America, we share a dream that lies at the heart of our founding: that no matter who you are, no matter what you look like, no matter how modest your beginnings or the circumstances of your birth, you can make it if you try. Yet, for many and for much of our Nation’s history, that dream has gone unfulfilled. For African Americans, it was a dream denied until 150 years ago, when a great emancipator called for the end of slavery. It was a dream deferred less than 50 years ago, when a preacher spoke of justice and brotherhood from Lincoln’s memorial. This dream of equality and fairness has never come easily — but it has always been sustained by the belief that in America, change is possible.

    Today, because of that hope, coupled with the hard and painstaking labor of Americans sung and unsung, we live in a moment when the dream of equal opportunity is within reach for people of every color and creed. National African American History Month is a time to tell those stories of freedom won and honor the individuals who wrote them. We look back to the men and women who helped raise the pillars of democracy, even when the halls they built were not theirs to occupy. We trace generations of African Americans, free and slave, who risked everything to realize their God-given rights. We listen to the echoes of speeches and struggle that made our Nation stronger, and we hear again the thousands who sat in, stood up, and called out for equal treatment under the law. And we see yesterday’s visionaries in tomorrow’s leaders, reminding us that while we have yet to reach the mountaintop, we cannot stop climbing.

    Today, Dr. King, President Lincoln, and other shapers of our American story proudly watch over our National Mall. But as we memorialize their extraordinary acts in statues and stone, let us not lose sight of the enduring truth that they were citizens first. They spoke and marched and toiled and bled shoulder-to-shoulder with ordinary people who burned with the same hope for a brighter day. That legacy is shared; that spirit is American. And just as it guided us forward 150 years ago and 50 years ago, it guides us forward today. So let us honor those who came before by striving toward their example, and let us follow in their footsteps toward the better future that is ours to claim.

    NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim February 2013 as National African American History Month. I call upon public officials, educators, librarians, and all the people of the United States to observe this month with appropriate programs, ceremonies, and activities.

    IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of January, in the year of our Lord two thousand thirteen, and of the Independence of the United States of America the two hundred and thirty-seventh.

    BARACK OBAMA

  29. CR says:

    February 01, 2013

    Presidential Proclamation — 100th Anniversary of the Birth of Rosa Parks

    100TH ANNIVERSARY OF THE BIRTH OF ROSA PARKS

    - – - – - – -

    BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

    A PROCLAMATION

    On December 1, 1955, our Nation was forever transformed when an African-American seamstress in Montgomery, Alabama, refused to give up her seat on a city bus to a white passenger. Just wanting to get home after a long day at work, Rosa Parks may not have been planning to make history, but her defiance spurred a movement that advanced our journey toward justice and equality for all.

    Though Rosa Parks was not the first to confront the injustice of segregation laws, her courageous act of civil disobedience sparked the Montgomery Bus Boycott — 381 days of peaceful protest when ordinary men, women, and children sent the extraordinary message that second-class citizenship was unacceptable. Rather than ride in the back of buses, families and friends walked. Neighborhoods and churches formed carpools. Their actions stirred the conscience of Americans of every background, and their resilience in the face of fierce violence and intimidation ultimately led to the desegregation of public transportation systems across our country.

    Rosa Parks’s story did not end with the boycott she inspired. A lifelong champion of civil rights, she continued to give voice to the poor and the marginalized among us until her passing on October 24, 2005.

    As we mark the 100th anniversary of Rosa Parks’s birth, we celebrate the life of a genuine American hero and remind ourselves that although the principle of equality has always been self-evident, it has never been self-executing. It has taken acts of courage from generations of fearless and hopeful Americans to make our country more just. As heirs to the progress won by those who came before us, let us pledge not only to honor their legacy, but also to take up their cause of perfecting our Union.

    NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim February 4, 2013, as the 100th Anniversary of the Birth of Rosa Parks. I call upon all Americans to observe this day with appropriate service, community, and education programs to honor Rosa Parks’s enduring legacy.

    IN WITNESS WHEREOF, I have hereunto set my hand this first day of February, in the year of our Lord two thousand thirteen, and of the Independence of the United States of America the two hundred and thirty-seventh.

    BARACK OBAMA

  30. CR says:

    John Kerry sworn in as secretary of state

    02/01/2013 By David Uberti, Globe Correspondent

    WASHINGTON — John F. Kerry was sworn in as secretary of state by Associate Supreme Court Justice Elena Kagan in a small, private ceremony in the Senate Foreign Relations Committee room Friday afternoon, officials said.

    After 28 years of reviewing foreign policy in that same room and representing Massachusetts in the Senate, Kerry takes the reins as America’s top diplomat from outgoing Secretary of State Hillary Clinton. The Bay State Democrat breezed through the Senate confirmation process this week, earning near-unanimous support for his appointment.

    The one-time presidential hopeful’s ascension to State Department chief came on the same day a suicide bomber struck the US Embassy in Ankara, Turkey, killing a Turkish security guard. The attack — just months after four Americans were killed during an assault on a US consulate in Benghazi, Libya — underscores the challenges Kerry will face at Foggy Bottom.

    Outgoing Secretary of State Clinton acknowleged the violence during a 7-minute farewell speech Friday, ending a four-year stint during which she traveled nearly 1 million miles and visited 112 countries. She added to employees crowded nearby that she expects them to “be as focused and dedicated for Secretary Kerry as you have been for me.”

    “We live in very complex and even dangerous times,” Clinton said. “I know that the world we are trying to help bring into being in the 21st century will have many difficult days, but I am more optimistic today than I was when I stood here four years ago.”

    For more: http://www.boston.com/politicalintelligence/2013/02/01/kerry-take-state-department-oath-today/eGnBkXHnORHEbq1SAK6s5N/story.html

  31. CR says:

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

    Come on over to my newest post titled: ” Vice President Biden’s European Trip”

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

    To get to the newest post click on “HOME” at the top of the thread

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