Pre-SOTU: Pres Obama on 21st Century Digital Infrastructure & Cybersecurity

01/10/2015

Cyber

President Obama recognizes that technology is an essential ingredient of economic growth and job creation. Ensuring America has 21st century digital infrastructure—such as high-speed broadband Internet access, fourth-generation (4G) wireless networks, new health care information technology and a modernized electrical grid—is critical to our long-term prosperity and competitiveness.

President Obama is committed to ensuring America has a thriving and growing Internet economy. The Internet has become a global platform for communication, commerce and individual expression, and now promises to support breakthroughs in important national priorities such as health care, education and energy. Additionally, the Internet and information technology can be applied to make government more effective, transparent and accessible to all Americans.

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FACT SHEET: Safeguarding American Consumers & Families

Today, President Obama will build on the steps he has taken to protect American companies, consumers, and infrastructure from cyber threats, while safeguarding privacy and civil liberties.  These actions have included the President’s 2012 comprehensive blueprint for consumer privacy, the BuySecure initiative—launched last year— to safeguard Americans’ financial security, and steps the President took earlier this year by creating a working group of senior administration officials to examine issues related to big data and privacy in public services and the commercial sector.

In an increasingly interconnected world, American companies are also leaders in protecting privacy, taking unprecedented steps to invest in cybersecurity and provide customers with precise control over the privacy of their online content.  But as cybersecurity threats and identity theft continue to rise, recent polls show that 9 in 10 Americans feel they have in some way lost control of their personal information — and that can lead to less interaction with technology, less innovation, and a less productive economy.

At the Federal Trade Commission offices today, President Obama will highlight measures he will discuss in the State of the Union and unveil the next steps in his comprehensive approach to enhancing consumers’ security, tackling identity theft, and improving privacy online and in the classroom.  These steps include:

President Obama Proposes that Congress passes into law:

Learn more:

“In this interconnected, digital world, there are going to be opportunities for hackers to engage in cyber assaults both in the private sector and the public sector.  Now, our first order of business is making sure that we do everything to harden sites and prevent those kinds of attacks from taking place…But even as we get better, the hackers are going to get better, too.  Some of them are going to be state actors; some of them are going to be non-state actors.  All of them are going to be sophisticated and many of them can do some damage.

This is part of the reason why it’s going to be so important for Congress to work with us and get an actual bill passed that allows for the kind of information-sharing we need.  Because if we don’t put in place the kind of architecture that can prevent these attacks from taking place, this is not just going to be affecting movies, this is going to be affecting our entire economy in ways that are extraordinarily significant.”

 – President Obama, December 19, 2014

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Monday, January 12
President Obama delivers remarks on tackling identity theft and improving consumer and student privacy
Federal Trade Commission, Washington DC

Tuesday, January 13
President Obama delivers remarks on cybersecurity, including ways of getting the private sector and federal government to voluntarily share more cybersecurity information.
National Cybersecurity and Communications Integration Center, Washington DC

Wednesday, January 14
President Obama delivers remarks on making affordable, high-speed Internet available nationwide
Cedar Falls Utilities, Cedar Falls, Iowa

Thursday, January 15
Vice President Biden holds a roundtable discussion on training Americans to join the cybersecurity workforce
Norfolk State University, Norfolk, Virginia

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2015 Intl Year of Light & Light-based Technologies

01/01/2015

2015 Intl Yr of Light

THE UNITED NATIONS PROCLAIMS AN INTERNATIONAL YEAR OF LIGHT IN 2015

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The United Nations (UN) General Assembly 68th Session has today during its 71st Plenary Meeting proclaimed 2015 as the International Year of Light and Light-based Technologies (IYL 2015). In proclaiming an International Year focusing on the topic of light science and its applications, the United Nations has recognized the importance of raising global awareness of how light-based technologies promote sustainable development and provide solutions to global challenges in energy, education, agriculture and health. Indeed, the resolution was adopted as part of a more general Agenda item on Science and technology for development. This International Year will bring together many different stakeholders including UNESCO, scientific societies and unions, educational and research institutions, technology platforms, non-profit organizations and private sector partners to promote and celebrate the significance of light and its applications during 2015.

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Light plays a vital role in our daily lives and is an imperative cross-cutting discipline of science in the 21st century. It has revolutionized medicine, opened up international communication via the Internet, and continues to be central to linking cultural, economic and political aspects of the global society. For centuries light has transcended all boundaries, including geographic, gender, age and culture, and is a tremendous subject to motivate education. It is critical that the brightest young minds continue to be attracted to optics and photonics in order to ensure the next generation of engineers and innovators in this field.

For more: http://spie.org/Documents/AboutSPIE/PDF/IYL2015-proclamation.pdf

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The International Year of Light and Light-based Technologies, 2015 (IYL 2015) is a United Nations observance that aims to raise awareness of the achievements of light science and its applications, and its importance to humankind. IYL 2015 opening ceremonies will be held 19-20 January 2015 in Paris.

Learn more: http://www.light2015.org/Home.html

Why Light Matters

WHAT IS PHOTONICS

Photonics is the science and technology of generating, controlling, and detecting photons, which are particles of light. Photonics underpins technologies of daily life from smartphones to laptops to the Internet to medical instruments to lighting technology. The 21st century will depend as much on photonics as the 20th century depended on electronics. This page will contain links and resources to let you learn about photonics and understand its impact on the world.
Read on http://www.light2015.org/Home/WhyLightMatters/What-is-Photonics.html

Energy

The energy from our sun that reaches the Earth can be converted into heat and electricity, and governments and scientists worldwide are working to develop affordable and clean solar energy technologies. Solar energy will provide a practically-inexhaustible resource that will enhance sustainability, reduce pollution and lower the cost of mitigating climate change. This page will contain links and resources to let you learn about the various technologies underlying solar energy, and its benefits for the world and our planet.
Read on http://www.light2015.org/Home/WhyLightMatters/Energy.html

Economic Impact

Businesses in the field of photonics and light-based technologies work on solving key societal challenges, such as energy generation and energy efficiency, healthy ageing of the population, climate change, and security. Photonic technologies have major impact on the world economy with a current global market of €300 billion and projected market value of over €600 billion in 2020. Growth in the photonics industry more than doubled that of the worldwide GDP (gross domestic product) between 2005 and 2011. This page will contain links and resources to let you learn about the important role that photonics plays in driving economic growth internationally.
Read on http://www.light2015.org/Home/WhyLightMatters/Economic-Impact.html

Light in the Built Environment

Lighting represents almost 20% of global electricity consumption (International Energy Agency). The future development of society in both developed countries and emerging economies around the world are intimately tied up with the ability to effectively light our cities, homes, schools and recreation areas. This page contains links and resources to let you learn about the innovative lighting solutions that will guide the future of the world.
Read on http://www.light2015.org/Home/WhyLightMatters/Light-in-the-Built-Environment.html

Connecting the World

Social media, low cost telephone calls, video conferencing with family and friends – these are three examples of how the internet allows people around the world to feel connected in a way that has never before been possible in history. And all of this technology is because of light! This page will contain links and resources that will let you understand how it is ultrashort light data pulses propagating in tiny optical fibers the width of a human hair that have created the modern communications infrastructure and the internet that we all use every day.
Read on http://www.light2015.org/Home/WhyLightMatters/Connecting-the-World.html

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IYL2015 FaceBook
IYL2015 Twitter
IYL2015 Google+
IYL2015 YouTube
IYL2015 Instagram

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President Obama 2014 Year In Review

12/18/2014

YEAR IN REVIEW: Creating Economic Opportunity for All Americans in 2014

December 18, 2014

WASHINGTON, DC – President Obama took office in the depths of the worst economic crisis since the Great Depression.  Six years later, thanks to the grit and determination of the American people, and the decisive actions he took early on – to bring the economy back from the brink, to save the auto industry, and to build a new foundation for middle-class growth – we’ve made real progress.

The economy grew at a combined 4.2% pace in the second and third quarters of this year, the strongest six-month period of growth in more than a decade.  American businesses have added new jobs for 57 consecutive months, the longest streak of private-sector job creation on record, for a total of 10.9 million new jobs. The pickup in the pace of job growth this year has come in industries with higher wages.  And wages across the economy are rising – a very welcome sign for millions of American families.

The U.S. economic recovery took a major step forward in 2014, achieving a number of important milestones:

The President pledged that 2014 would be a year of action and he has spent the last 12 months working with Congress where he could and taking action on his own where needed to revitalize the economy. He also worked closely with leaders from businesses, nonprofits, education, and communities to expand opportunity for more American families. These efforts have helped contribute to economic progress in a number of ways. Some critical efforts include:

Supporting Job Creation Through Manufacturing and Exports

Manufacturing job growth doubled this year – to about 15,000 jobs per month compared to 7,000 jobs per month last year. In total, since February 2010, the United States has directly added 764,000 manufacturing jobs, with the sector expanding employment at its fastest rate in nearly two decades. And the United States’ renewed competitiveness in manufacturing is bringing production back, with 54 percent of U.S.-based manufacturers surveyed by the Boston Consulting Group actively considering bringing production back from China to the United States, up from 37 percent only 18 months prior. The Administration has helped support these efforts by taking steps including:

  • Launching New Hubs as Part of a National Network for Manufacturing Innovation
  • Supporting Efforts to Foster Manufacturing Entrepreneurship and Investment in the United States
  • Growing Our Investments in Advanced Manufacturing Research
  • Another Year of Record-Breaking Exports
    • The Made in Rural America Initiative Leads to a Boost in Small Rural Manufacturing Exports and Other Companies
    • Intensifying and Broadening Our Export Promotion
    • The Advocacy Center at the Department of Commerce Enjoyed a Record-Breaking Year in Helping U.S. Firms Win Contracts Abroad to Create Jobs at Home

Taking Action to Raise the Minimum Wage

Following President Obama’s call on Congress to raise the national minimum wage to $10.10, states, cities and counties, and business leaders have taken action on their own to increase wages across the country. And on February 12, President Obama signed Executive Order 13658, requiring that workers on new Federal contracts be paid $10.10 an hour.

  • 14 States Passed Minimum Wage Increases – and 7 Million Workers Are Set to Benefit From Increases Passed Since the President’s Initial Call in 2013
  • Cities and Counties Have Also Taken Steps to Raise Wages
  • Businesses – Both Large and Small – Are Taking Action
  • President Obama’s Action will Ensure that All Employees of Federal Contractors are Paid at Least $10.10 an HourSupporting Job Skills and Employment Opportunities

Working with Congress, businesses, states and cities and non-profits, the President has taken action to make sure our job-training system is preparing and connecting Americans to the jobs that employers are looking to fill. From an across-the-board review of our job-training system to new grants that support apprenticeships and help connect the long-term unemployed to work, the President and his Administration have used every tool available to train Americans with the skills they need, and connect them with businesses that are looking for skilled workers.

  • Reforming Our Job-Training System to Make It Demand Driven
  • Passage of the Workforce Innovation and Opportunity Act
  • Getting Long-Term Unemployed Americans Back to Work: President Obama issued a three-part call to action – to employers, to communities across the country, and to federal agencies – to help Americans who are out of work, including the long-term unemployed, find jobs or get the skills they need so they can succeed in the labor force. Since that call to action, long-term unemployment has declined by 1.1 million and progress has been made on all three fronts, including:
    • $170 million in grants awarded in October to programs in 20 states and Puerto Rico to partnerships between non-profits, local government, and employers to train and match long-term unemployed job seekers for in-demand jobs.
    • A new set of best practices for hiring and recruiting the long-term unemployed signed by over 200 businesses – including 80 of the nation’s largest companies – to ensure that these candidates receive a fair shot during the hiring process.
    • Toolkits created by Deloitte Consulting in partnership with the Rockefeller Foundation and with the input of about 100 White House Best Practice signatories to help more employers implement the best practices.
    • Finally, following up on a Presidential Memorandum issued in January, the Office of Personnel Management (OPM) issued guidance to Federal agencies to ensure that individuals who are unemployed or have faced financial difficulties because of circumstances like job loss receive fair treatment and consideration for employment by Federal agencies.
  • $450 Million in Grants to Nearly 270 Community Colleges Partnering with More than 400 Employers Nationally
  • Investing in a Competitive Workforce Through Apprenticeships

Providing High-Quality Education to America’s Students

Ensuring that all Americans are prepared for the jobs of the future and strengthening middle-class security, starts with a strong education system.  The President has taken a number of steps over the past year to expand access to high-quality early childhood education, connect every student to high-speed Internet, and make college more affordable.

  • Committing to Affordable Higher Education
    • Expanding Pay As You Earn (PAYE)
    • The President and First Lady’s Call to Action on College Opportunity
    • Protecting Students from Unaffordable Debts at Career College Programs
  • Committing to Early Education: Throughout 2013 and 2014, the President challenged states, business leaders, and Congress to help more children gain access to the early education they need to succeed in school and in life.  On December 10, 2014, the President convened philanthropists, educators, community leaders and others to announce a collective investment of over $1 billion for early childhood education.  Federal commitments of $750 million will support early learning for over 63,000 children while corporate and philanthropic leaders’ independent commitments of $330 million will expand the reach and enhance the quality for thousands more.
  • ConnectED to the Future:  In June 2013, President Obama visited Mooresville, NC to announce the ConnectED Initiative, which aims to ensure 99% of American students will have access to next-generation broadband in the classroom by 2017, and called for private sector leaders and the FCC To help connect our students. Since that time, the FCC has taken steps to modernize the E-rate program to support high-speed connectivity for America’s schools and libraries, providing a $2 billion down payment and passing a proposal that provides recourses needed to meet the President’s ConnectED goals.  Additionally, private-sector companies have committed more than $2 billion in resources to schools to supplement federal actions and help support cutting-edge technologies across a greater number of schools and homes. On November 19, 2014, The President hosted school leaders and educators to push this effort forward and make all schools “Future Ready”.  More than 1,200 superintendents joined the Administrations Future Ready District Pledge to set a vision for digital learning across America.  Combined, this pledge will already reach 10 million students across 16,000 schools.

For the entire article: http://www.whitehouse.gov/the-press-office/2014/12/18/year-review-creating-economic-opportunity-all-americans-2014

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UPDATE:

12/23/14 Financial Headlines:

Dow Busts Through 18,000 on Hot GDP and a Patient Fed

FHFA House Price Index Up 0.6 Percent in October

Consumer Sentiment Ends 2014 at Seven-Year High in Michigan Poll

Economy Grows by 5% Most in a Decade on U.S. Consumer-Spending Gain

Pres Obama Year of Action

2014 the Year of Action

In his 2014 State of the Union, the President said that 2014 would be a “year of action” to ensure opportunity for all Americans. He’s making good on that promise (despite that Congress did not help, labeling them the ‘Worst Congress ever’.

What does a “year of action” mean, exactly?
The President will continue to work with Congress wherever he can to keep our economy moving forward and creating jobs. But in the meantime, he’s also going to do everything he can on his own to fight for middle-class families every single day.

And he’s been busy. Using his pen and his phone, the President has helped create new manufacturing jobs, expand apprenticeships, and job training, make student loan payments more affordable, support equal pay and workplace flexibility, cut carbon pollution, and rally support across the country while raising the minimum wage for all workers on new federal contracts. And that’s not all.

Here’s an update on the more than 40 actions he’s taken since January to do just that.

Learn more: http://www.whitehouse.gov/year-of-action

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List of President Obama’s 2014 Executive Actions to Help Americans – ProPresObama compilation

Pres Obama US - Cuba Relations

and on 12/17/14 President Obama Charts a New Course on US – Cuba Relations

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Global Economic Investment in U.S.A.

07/10/2014

SelectUSA - U.S. Business Investment

WINNING BUSINESS INVESTMENT IN THE UNITED STATES

The Executive Office of the President of the United States of America and the U.S. Department of Commerce

May 2014

The United States is an increasingly attractive location for business investment from global companies. In AT Kearney’s 2013 FDI Confidence Index, the United States surged past countries like China, Brazil and India to become the country with the top FDI prospects globally, as ranked by 302 companies representing 28 countries and multiple industry sectors.1 This marks the first time that the US occupied the #1 spot in the survey since 2001.2 In a survey of U.S. manufacturers with production abroad late last year, BCG found that the majority (54 percent) are looking at re-shoring to the United States, up from 37 percent in 2012. 3

More and more companies are choosing to locate here after weighing the United States’ competitive advantages, including our:

  •  Skills and productivity: The U.S. workforce is among the most skilled and productive globally – more than 30 percent more productive than Germany’s and nearly twice as productive as South Korea’s.4
  • Innovation: The United States is the global leader in patents, producing nearly 30 percent of all patents worldwide, and has 15 of the top 25 leading research universities.5 Not surprisingly, the United States also has over a third of the world’s total R&D investment, more than any other country.6
  • Energy: With a century of reserves, natural gas costs one third as much here as it does in Asia and our low energy costs overall are estimated to save U.S. manufacturers nearly $130 billion annually compared to Europe.7
  • Access to markets: Locating in the United States provides unparalleled access to the largest consumer market in the world and rapid access to global markets, with the United States having free trade agreements with 20 other countries and the most rapid export clearances of the 185 countries surveyed by the World Bank.8

As the United States becomes increasingly competitive for investment, more global companies, including companies that are foreign-owned, are investing in and creating jobs in America. Business fixed investment from companies choosing to grow and invest in the United States accounts for more than 20 percent of the rebound in real GDP since mid-2009.

US Exports 1997-2011US Share of FDI Inflows 2002-2012

Source: Department of Commerce, Bureau of Economic Analysis

Source: Department of Commerce, Bureau of Economic Analysis

Economy Activity Majority-Owned US. Affliates of Foreign Companies, 2011

SelectUS Investment Success

SelectUSA 2014 Global Events

For the entire report: http://www.whitehouse.gov/sites/default/files/docs/winning_business_investment_in_the_united_states.pdf
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2014 A.T. Kearney FDI Confidence Index:

U.S. Increases its Lead; an Overridingly Positive Outlook Develops for Global Economy

China holds at #2, Canada rises to #3, Europe sees high level of confidence

6/2/14 A.T. Kearney

WASHINGTON, June 2, 2014 /PRNewswire/

Global management consulting firm A.T. Kearney today released its 2014 Foreign Direct Investment Confidence Index (FDICI), an in-depth view of forward-looking investment sentiment. In this year’s ranking, the U.S. not only maintains its first place position from last year, but also increases the lead it had in the 2013 study, which was referenced in the recent White House report, Winning Business Investment in the United States. The findings bode well not only for the U.S., but for the global economy: Nearly four out of five respondents are more optimistic about the global economy than they were a year ago. Since its inception, the study has consistently pointed toward top global choices for foreign direct investment, with the top 10 most attractive FDI destinations receiving a majority share of global FDI inflows roughly one year after the survey.

In January 2014, President Barack Obama referred to the prior FDICI findings in his State of the Union address, saying, “For the first time in over a decade, business leaders have declared that China is no longer the world’s number one place to invest; America is.” With an unprecedented swing in positive outlook by global executives surveyed in the 2014 FDICI, half of the respondents indicated that they have a more positive outlook on the U.S. than two years ago. No country has ever recorded a higher positive outlook from investors in the history of the Index. Driven by overriding factors such as the increasingly strong prospect of U.S. energy independence, leading executives continue to plan increased investments in the U.S.

For more: https://ca.finance.yahoo.com/news/2014-t-kearney-fdi-confidence-130000383.html

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Trade Gap in U.S. Shrinks More Than Forecast on Record Exports

Jul 3, 2014 5:30 AM PT By Jeanna Smialek – bloomberg

The trade deficit in the U.S. narrowed more than forecast in May on record exports, signaling a pickup in global growth that will boost American manufacturers.

The gap shrank by 5.6 percent, the biggest drop since November, to $44.4 billion from the prior month’s $47 billion, Commerce Department figures showed today in Washington. The median forecast in a Bloomberg survey of 69 economists called for a contraction to $45 billion. Sales to foreign customers climbed 1 percent on growing demand for autos and parts, petroleum products and aircraft engines.

Economic expansions abroad that are gaining traction will probably continue to invigorate demand for American goods. A narrowing deficit would mean trade becomes less of a drag on gross domestic product in the second quarter after the world’s largest economy contracted in the first three months of 2014.

Other reports today showed payrolls rose by 288,000 in June and the jobless rate fell to 6.1 percent, according to figures from the Labor Department.

Trade estimates in the Bloomberg survey ranged from gaps of $41 billion to $48 billion. The April reading was revised from a previously reported $47.2 billion deficit.

Exports climbed to $195.5 billion from $193.5 billion in April.

Imports decreased 0.3 percent to $239.8 billion as demand for petroleum dropped to the lowest level since November 2010. Excluding petroleum, imports rose to a record as Americans bought more autos and parts, industrial machines and drilling equipment.

For more: http://www.bloomberg.com/news/2014-07-03/trade-gap-in-u-s-shrinks-more-than-forecast-on-record-exports.html

 

March 21, 2014, 2:57 a.m. EDT

Fitch Ratings affirms U.S. AAA ratings, outlook stable

MADRID (MarketWatch) — Fitch Ratings affirmed the U.S.’s AAA long-term foreign and local currency credit ratings with a stable outlook on Friday, a move that removed the negative outlook that had been in place since Oct. 15, 2013. “The federal debt limit was suspended in mid-February in a timely manner and in a way that avoided casting uncertainty over the full faith and credit of the US, in contrast to the crises in August 2011 and October 2013,” said Fitch in a statement. Fitch said U.S. gross general government debt should peak at 100% of GDP in 2014 before falling slightly for four years. That’s below the 110% threshold previously identified as incompatible with a AAA rating. It also sees federal government debt at 72.5% of GDP for 2014. Fitch said the U.S. has greater debt tolerance than its peers, due to the dollar and the country’s benchmark fixed-income asset. However, Fitch said after the suspension of the debt limit ends in March 2015 there is a “risk of renewed brinkmanship” that could undermine the dollar, and external liabilities are high.

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A guide through rough trade waters from U.S. Commercial Service

Say you work for a small or medium-sized company. You want to sell pretzels in Vietnam. Or electric power cable in China. Or lipstick in Denmark.

How to go about it?

Maybe you’re ignorant. Maybe you’re scared. Maybe you just want a leg up.

Chances are you will eventually find your way to the local outpost of a federal agency known as the United States Commercial Service.

In an era of tax-slashing and bureaucrat-bashing, this network of 1,500 professionals, based in 221 cities around the world, earns kudos from business executives for the practicality and sophistication of its commercial diplomacy.

Whether tucked away in office parks, or working behind the walls of palatial embassies, they are the ground forces in President Barack Obama’s ambitious push to double U.S. exports over five years.

Commercial service specialists tend to focus on smaller players. With 95 percent of the world’s customers living outside the U.S., according to the Commerce Department, exporting is often the key to expansion, as well as a major job engine in any local economy.

“Doing business outside the U.S. is so different,” said Richard Swanson who oversees Commercial Service offices in California, Nevada and Hawaii. “The biggest hurdle is fear of the unknown.

“But we’re here to mitigate the risks. We have experts in every global market, and in every sector from aerospace to medical devices to franchising.”

“When you are a small- to medium-sized brand, it is impossible to have a network in every country,” Chorna said. “The commercial service has databases of people interested in importing — whether its widgets or franchise brands. It is a fantastic resource.”

  • Trade counseling: The service helps exporters create a business plan for entry into targeted markets.
  • Matchmaking: The Gold Key service matches exporters with pre-qualified distributors and potential buyers in a foreign country, and sets up appointments to meet them.
  • Due diligence: The International Company Profile offers background research on potential foreign partners
  • Advocacy: The Advocacy Center helps exporters bid on public-sector contracts with overseas governments.
  • Trade shows: The service helps set up exhibits for exporters in U.S. pavilions at foreign trade shows, and introduces them to prescreened buyers.
  • Trade missions: On missions led by senior U.S. officials, companies can meet with prospective customers and government officials.
  • Market intelligence: Research reports, country commercial guides and business advisory services offer insights on opportunities, trends and challenges in specific markets.
  • Featured U.S. exporter: Lists products in online directories featuring U.S. export products and services on U.S. Commercial Service websites around the world.

More information: www.trade.gov/cs

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Factories Keep Humming in U.S. Even Amid Global Slowing: Economy

Manufacturing growth in the U.S. barely skipped a beat in November, holding near the strongest pace in three years, as the world’s largest economy rose above a global slowdown.

The Institute for Supply Management’s factory index was little changed at 58.7 last month, the second-strongest level since April 2011, compared with 59 in October, the Tempe, Arizona-based group reported today. Readings greater than 50 indicate expansion.

Orders over the past four months have been the strongest in a decade as growing demand from American clients makes up for any letdown among foreign customers. Figures yesterday showing retailers struggled to lure shoppers during the first weekend of the holiday season raise concern that the pace of growth will be difficult to sustain heading into 2015.

“Whatever is happening abroad, this sector seems to be shrugging it off,” said Guy Berger, a U.S. economist at RBS Securities Inc. in StamfordConnecticut, who projected a reading of 58.5. “There’s still a fair amount of momentum in the U.S. manufacturing sector.”

American producers keep powering ahead at the same time their global competitors slow. Manufacturing in GermanyFrance and Italy unexpectedly contracted last month, according to purchasing managers’ gauges. An index of Chinese manufacturing fell as mandatory plant shutdowns during the Asia-Pacific Economic Cooperation forum aggravated a pullback in the economy.

For more: http://www.bloomberg.com/news/2014-12-01/manufacturing-in-u-s-expanded-more-than-projected-in-november.html

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White House Resources for Business in America

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2014 Pres Obama’s Year of Action vs GOP Abandoning the 99%

06/27/2014

Jon Stewart takes down GOP “warfare queens”

The GOP are starring in the play “A Streetcar Named We’re Always Wrong”

JUN 27, 2014 SARAH GRAY – SALON

Last night Jon Stewart destroyed the GOP’s hypocrisy when it comes to readily spending on nation building (military interventions everywhere), but their desire to block nation building when it is our own country (infrastructure, healthcare, gun control).

“I’m really worried about the Republicans,” Stewart explained. “Their inability to wean themselves off of military intervention. They have a culture of defendency, if you will. And I believe it’s turned them all into warfare queens. And I think we need to cut them off for their own good.”

After plenty of mocking of John McCain (“We are the party of hell no!”), Stewart turned his eyes to another GOP leader who could uses some serious weaning off the military industrial complex: Senator Jeff Sessions of Alabama.

GOP_Elephant_WRONG_WAY_smallWHAT GOP CONGRESS HAS DONE in 2014 FOR 99% OF  AMERICANS

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Pres Obama Year of Action

President Obama is Taking Action – ProPresObama compilation

In his 2014 State of the Union address, President Obama affirmed that this would be “A Year of Action” to help ensure opportunity for all Americans.

Since January, the President has taken more than 20 actions on his own to help build real, lasting economic security for the middle class and expand opportunities for every hardworking American to get ahead:

VOTE SMART & VOTE DEMOCRAT 2014

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2014 White House Science Fair

05/26/2014

WH Science, Tech & Innovation

President Obama to Host White House Science Fair

WASHINGTON, DC – On Tuesday, May 27th, the President will host the 2014 White House Science Fair and celebrate the student winners of a broad range of science, technology, engineering and math (STEM) competitions from across the country. The President will also announce new steps as part of his Educate to Innovate campaign, an all-hands-on-deck effort to get more girls and boys inspired to excel and to provide the support they need to succeed in these vital subjects.

With students from a broad range of STEM competitions, this year’s Fair will include a specific focus on girls and women who are excelling in STEM and inspiring the next generation with their work. Since day one, the President has been committed to getting more underrepresented groups, including women and girls, excited to excel at STEM subjects. For example, in the Administration’s signature education reform initiative, Race to the Top, President Obama granted states competitive preference if they demonstrated efforts to close the STEM gap for girls and other groups that are underrepresented.

The President hosted the first-ever White House Science Fair in late 2010, fulfilling a commitment he made at the launch of his Educate to Innovate campaign to inspire students to excel in math and science. As the President noted then, “If you win the NCAA championship, you come to the White House. Well, if you’re a young person and you produce the best experiment or design, the best hardware or software, you ought to be recognized for that achievement, too.”

Meet the Exhibitors in the 2014 White House Science Fair

White House Science Fair Fact Sheet & Backgrounder

STEM Icons

Tuesday, May 27, 2014
White House Science Fair

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2015 US Government Budget

04/01/2014

gopbudget

Why Paul Ryan’s Budget Is A Fantasy

Rep. Paul Ryan, the chair of the House Budget Committee, released the fiscal-year 2015 House Budget proposal on Tuesday, a largely political document that will help shape the partisan debate ahead of the 2014 midterm elections.

As with some of his past budget proposals, Ryan will have trouble explaining the details and the means that get to the end — a balanced budget. This year, the consensus on the most implausible parts of his plan comes on two fronts.

The first are the levels at which non-defense discretionary spending is set in the budget. Discretionary spending is comprised of  spending on programs that have to be reauthorized by Congress every year, not including entitlement programs like Social Security, Medicare, and Medicaid.

The second is an accounting trick that is likely to be controversial, and that some call a gimmick.

The last year of the budget window, 2024, gives a good example of what Ryan does to balance the budget:

  • He ups non-defense discretionary cuts by $50 billion in 2024.
  • He assumes lower war spending by about $25 billion that same year.
  • He still needs a trick to get the budget to complete balance. Ryan uses a “dynamic” scoring method that helps balance his budget — one that could generate controversy. The “macroeconomic feedback effect” assumes the macroeconomic effects of cutting deficits will lead to about $74 billion in savings in 2024.

The non-defense discretionary spending levels, especially in the last year, seem to be the most implausible part of the budget. In 2024, per the budget, the non-defense discretionary spending levels would be $467 billion — a 22 percent cut from post-sequester levels.  In raw dollars, that’s lower than it was in 2005. It’s also much lower than the 2013 level of $576 billion.

Loren Adler, a research director at the  at  Committee for a Responsible Federal Budget, told Business Insider it would “c ertainly be one of the toughest pieces to feasibly achieve.”

In inflation-adjusted terms, it amounts to about a 29 percent cut from current levels. According to a Senate Democratic aide, it’s also 28 percent below the average amount of the non-defense discretionary spending levels during the Bush administration.

By 2024, the Ryan budget adds $483 billion to defense spending beyond sequester-set spending caps. But to get overall savings, the budget cuts $791 billion from non-defense discretionary spending.

“NDD levels by end of budget window totally implausible — damage to safety net as well,” Jared Bernstein, a former Obama administration economist and now a senior fellow at the left-leaning  Center on Budget and Policy Priorities, said in an email.

Ryan also uses the accounting trick to achieve balance. It’s a method he hasn’t employed in past budgets, and one that usually isn’t used by the Congressional Budget Office when scoring legislation. Ryan says the “macroeconomic feedback effect” of the deficit-cutting provisions in his budget will amount to $175 billion in savings over the 10-year budget window. And about $74 billion of that will come in the last year — coincidentally providing the U.S. with a $5 billion surplus.

Here’s Ryan’s reasoning for doing so:

The Congressional Budget Office has estimated several times over nearly 20 years that congressional action to reduce deficits will ultimately result in lower interest rates and faster economic growth by freeing up savings for use in productive investment. In addition, CBO has estimated that the positive economic effects of deficit reduction will feed back into the budget and further reduce deficits and debt over the medium and longer term.

Ryan notes the CBO used such dynamic scoring, for example, in 1998, when analyzing the 1998 bipartisan budget resolution that planned to balance the budget. But in general, the CBO says it does not usually analyze the macroeconomic effects due to several reasons (emphasis added):

Doing macroeconomic analysis of all proposed legislation would not be feasible; nearly all legislation analyzed by CBO would have negligible macroeconomic effects anyway (and thus negligible feedback to the federal budget); and estimates of macroeconomic effects are highly uncertain.

In his budget last year, Ryan included guidance about the macroeconomic effects to argue how his budget would be even better for deficits than the numbers showed. However, he did not employ the scoring method to achieve a balanced budget.

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Republican budget proposes deep cuts in domestic programs

4/1/14 2 hours ago By David Lawder – Reuters

WASHINGTON (Reuters) – Representative Paul Ryan, the leading Republican voice on budget policy, rolled out a new fiscal blueprint on Tuesday that calls for deep cuts in domestic programs, increased defense spending and a goal of erasing annual deficits in 10 years.

Ryan’s budget, called the “Path to Prosperity,” has almost no chance of passing the Democratic-controlled Senate but is expected to serve as a campaign manifesto for Republicans in November’s congressional elections.

It proposes to kill President Barack Obama’s 2010 healthcare reforms and revives cuts in social programs such as the popular Medicare entitlement for the elderly that Ryan, who chairs the House Budget Committee, has proposed in other recent budgets.

The plan calls for savings of $5.1 trillion over a decade, with the goal of reaching a balanced budget by 2024 with no new tax revenues but increased defense spending.

Nearly $2.1 trillion would be saved over a decade by the proposal to kill Obamacare, according to the plan.

A sweeping overhaul of Medicare has been slightly revised, with phased-in changes applying to workers 55 years old and younger, compared to last year’s proposal which affected workers who were 54 and younger.

The document aims to bolster Republicans’ credentials as the party of fiscal prudence, but could open them up to fresh attacks from Democrats, who are calling for steps to reduce the gap between the rich and poor.

For more: http://news.yahoo.com/republican-budget-proposes-deep-cuts-social-programs-143537137–business.html;_ylt=AwrTWVVA.TpT_kMAeebQtDMD

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Pelosi Statement on Ryan Republican Budget

April 1, 2014

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after Budget Committee Chairman Paul Ryan released this year’s version of the House Republican budget:

“Today, Republicans have laid out their vision for a less prosperous America, demonstrating, yet again, the weakness of their arithmetic and the strength of their indifference to the concerns of struggling middle class families across the country.  They are proving the lengths they will go to protect the special interests at the expense of the public interest.  They are undermining seniors, students, and the middle class, crippling our economic competitiveness, and gutting our nation’s investments in the future – all to protect loopholes for the wealthy few and corporations that ship jobs overseas.

“Under this Republican budget, the wealthy and well-connected wouldn’t be asked to pay even a little more.  But seniors would be asked to pay more for preventive services and prescription drugs and see the end of the Medicare guarantee.  Families would witness devastating cuts to research, innovation, education, clean energy, and manufacturing, ceding economic leadership to other nations.  All Americans would see a budget that rejects comprehensive immigration reform, with its promise of job creation, stronger small businesses, a growing economy, and a shrinking deficit.

“Democrats have a better approach: creating jobs, strengthening the middle class, investing in our infrastructure and our children’s education, closing the opportunity gap, and responsibly reducing the deficit.  Together, we can reignite the American Dream and build an economy that works for everyone.”

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Hoyer Statement on Republican Budget for Fiscal Year 2015

April 1, 2014

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today in response to the House Republican budget for Fiscal Year 2015:

“No one ought to be surprised at the budget unveiled by Chairman Paul Ryan and House Republicans today, which once again asks those with less to give more and those with more to give less.  This year’s Republican budget builds on the disastrous approach Republicans have followed over the past three years, embracing the painful and irrational sequestration cuts and slashing funding that supports investments in opportunity, growth, and security.

“While anyone who looks at the FY2015 Republican budget can readily see that it would do serious damage to our economy and society, Republicans do their best to hide the extent of the damage.  As in previous years, Chairman Ryan relies on gimmicks, magic asterisks, and spurious accounting assumptions to presume that his budget will achieve its anticipated deficit savings.  Additionally, his budget ends the Medicare guarantee as we know it, turns Medicaid into a block grant, repeals the Affordable Care Act [aka ObamaCare], fails to invest in job creation, and does not include any new revenue.  His budget simply doesn’t work – and would lead to significant harm for our country.

“Last week, I delivered a speech in which I called on both parties in Congress to maximize every opportunity to move us closer toward the long-term fiscal sustainability that our country needs.  Our budget process is just such an opportunity; unfortunately, House Republicans chose to make it a partisan messaging exercise rather than a real effort to achieve balanced deficit savings and invest in the programs that strengthen our economy, grow our middle class, and help more of our businesses and families Make It In America.”

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Statement by the White House Press Secretary on the House Republican Budget

April 01, 2014

To build real, lasting economic security for the middle class, the President and Democrats in Congress have a plan to grow our economy from the middle out, not the top down, and create more opportunities for every hardworking American to get ahead. Unfortunately, Republicans in Congress do not have a plan that works for the middle class and the House Republican Budget is the same old top-down approach. Because of a stubborn unwillingness to cut the deficit in a balanced way by closing tax loopholes for the wealthy and well connected, the House Republican Budget would slow the economy, stack the deck against the middle class, and threaten the guaranteed benefits seniors have paid for and earned.

The House Republican Budget would raise taxes on middle class families with children by an average of at least $2,000 in order to cut taxes for households with incomes over $1 million. It would force deep cuts to investments in our roads and bridges, scientific research to cure diseases like Alzheimer’s and at every level of education from early childhood to community college. It would end Medicare as we know it, turning it into a voucher program and risking a death spiral in traditional Medicare. Instead of ensuring that Americans earn a fair wage for a hard day’s work and lifting millions of people out of poverty, the House Republican approach undermines Americans working hard to support their families by slashing food stamps and Medicaid. And rather than expanding health coverage for all Americans and making it more affordable, it would repeal the Affordable Care Act, raising health care costs on families and businesses and eliminating coverage for the 3 million young adults who have gained coverage by staying on their parent’s plan, the millions of people who have signed up for private insurance plans through the Marketplaces, and millions more who can continue to gain coverage through Medicaid.

The House Republican Budget stands in stark contrast to the President’s Budget, which would accelerate economic growth and expand opportunity for all hardworking Americans, while continuing to cut the deficit in a balanced way. The President has put forward a Budget that rewards hard work with fair wages, equips all children with a high-quality education to prepare them for a good job, puts a secure retirement within reach, and ensures health care is affordable and reliable, while at the same time asking the wealthiest to pay their fair share and making tough cuts to programs we can’t afford. And by paying for new investments and tackling our true fiscal challenges, the President’s Budget builds on the progress we’ve already made to cut the deficit by more than half since 2009 and cuts the deficit as a share of the economy to 1.6 percent by 2024. It also stabilizes the debt as a share of the economy by 2015 and puts it on a declining path after that.

Budgets are about choices and values. House Republicans have chosen to protect tax breaks for the wealthiest rather than create opportunities for middle class families to get ahead. The President believes that is the wrong approach and that we should instead be making smart investments necessary to create jobs, grow our economy, and expand opportunity, while still cutting the deficit in a balanced way and securing our nation’s future.

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A State-by-State Breakdown of the Damage That Would Be Caused by the House Republican Budget

Amy Brundage April 09, 2014 05:13 PM EDT

House Republicans this week are voting on a budget that protects tax breaks for the wealthiest rather than create opportunities for middle-class families to get ahead. It is the same old top-down approach and would raise taxes on middle-class families with children by an average of at least $2,000 in order to cut taxes for households with incomes over $1 million.

As in previous years, the House Republican Budget proposes deep funding reductions that would result in severe cuts to critical areas that are needed to support job creation, economic growth, a strong middle class, and assistance for lower income individuals, especially when compared to the overall level of investment in the President’s budget. Since House Republicans aren’t willing to identify specifically what they actually want to cut, one way to assess the potential damaging impact is to look at what would happen to key programs if the cuts compared to the President’s budget were applied evenly across the board.

The results show the potential extent of the damage across the country. Within a few years:

  • In Florida, 290,000 seniors benefited from the closure of the Medicare Part D prescription drug donut hole in 2013 alone and at least that many likely would have to pay more for their needed medications in future years.
  • In California, more than 50,000 fewer students would receive Pell Grants to help them pay for college.
  • In Ohio, the proposed Medicaid block grant would cut federal Medicaid funding for the state by more than $30 billion over the next decade, likely resulting in more uninsured individuals and less care for those still covered.
  • In Texas, 12,000 fewer children would receive Head Start services.
  • In Pennsylvania, more than 100,000 people would lose job search assistance.
  • In Missouri, 1,700 fewer victims of domestic violence would be served through the STOP Violence Against Women Program.

A full list of state-by-state impacts can be found here.

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President Obama’s 2015 Budget Proposal

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