Tag: Business/Finance

Obama’s Second Term: Twelve Issues and What He’ll Try Do About Them

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In his second Inaugural Address, Barack Obama outlined several issues that he plans to focus on during his final term. Some other policy areas went largely unmentioned, but were first-term priorities that might receive more attention over the next four years. Here’s a look at the President’s record on twelve key issues: what he’s said, what he’s accomplished so far, and what he might be planning. For further details, read Ryan Lizza’s 2012 inside account of the debates over the President’s second-term agenda.

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What he’s said:
“I believe the United States has a unique responsibility to act—indeed, we have a moral obligation. I say this as President of the only nation ever to use nuclear weapons.”
March 26, 2012; Seoul, South Korea.

What he’s accomplished:
The Administration oversaw the ratification of a new Strategic Arms-Reduction Treaty with Russia in April, 2010, which will significantly reduce the number of deployed strategic weapons. It coöperated with Israel in the development of Stuxnet, a computer virus aimed at sabotaging Iran’s nuclear program. The U.S. also led a coalition to initiate harsh sanctions against Iran in order to pressure the country to abandon its program. The President hosted the Nuclear Security Summit in April, 2010.

Possible second-term goal:
Ratify the 1996 Comprehensive Nuclear Test-Ban Treaty. Contain Iran’s nuclear program. Pressure China and Russia to more aggressively oppose Iran and North Korea’s nuclear programs. Continue reading “Obama’s Second Term: Twelve Issues and What He’ll Try Do About Them”

Obama Signs ‘Fiscal Cliff’ Deal to Boost Taxes on Wealthy

Getty Images News

Getty Images News

HONOLULU (AP) — President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.

The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back into recession, also extends expiring jobless benefits, prevents cuts in Medicare reimbursements to doctors and delays for two months billions of dollars in across-the-board spending cuts in defense and domestic programs.

The Republican-run House approved the measure by a 257-167 vote late Tuesday, nearly 24 hours after the Democratic-led Senate passed it 89-8.  Obama, who is vacationing in Hawaii, signed the bill using an autopen, a mechanical device that copies his signature.

article by The Associated Press via thegrio.com

Obama and Congress Reach Fiscal Cliff Deal

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(Via CBS News) – As revelers in Times Square and cities and towns across the country wait for the ball to drop to ring in the new year, politicians in Washington have announced that a ball is not likely to drop on the average taxpayer. Negotiators have come to an agreement on the so-called “fiscal cliff” – and with less than three hours to spare, CBS News has confirmed.

Vice President Joe Biden traveled to Capitol Hill to brief Senate Democrats on the details of the deal; both Senate Majority Leader Harry Reid, D-Nev., and House Minority Leader Nancy Pelosi, D-Calif., have signed off on the agreement, White House and congressional sources told CBS News’ Chief White House Correspondent Major Garrett.

Continue reading “Obama and Congress Reach Fiscal Cliff Deal”

More Blacks Found Jobs in September

Black Unemployment Rate Declined in September
More people are working and that is reflected in the most recent unemployment numbers released by the Labor Department Friday morning. African-Americans had reason to cheer as their unemployment rate fell to 13.4 percent, down from 14.1 percent in August. Though still extremely high, African-American teen joblessness dropped slightly from 37.9 to 36.7 percent.  The national jobless rate declined to 7.8 percent from 8.1 the previous month.  The unemployment rate is at a 44-month low, and is now the same as when President Obama took office in 2009. This drop could give the president a boost after his disappointing debate performance against Mitt Romney. Continue reading “More Blacks Found Jobs in September”

Report: African-American Consumer Influence Still Vital And Growing In U.S.

As the largest racial minority group in the United States, the influence of African-Americans on the nation’s culture is pervasive‬. With a collective buying power estimated to reach $1.1 trillion by 2015, Black consumers remain at the forefront of social trends and media consumption, according to the new African-Americans: Still Vital, Still Growing 2012 Report—the second installment to The State of the African-American Consumer Report released last year, a collaboration with Nielsen and the National Newspaper Publishers Association (NNPA).

Nielsen has identified several factors that make the African-American consumer segment so uniquely diverse. Dynamic influencing factors–such as technology, social media and online connectivity– enable the Black consumer segment to leverage its collective power and influence. This segment, with its tremendous potential, holds a wealth of opportunities for businesses and advertisers, which makes understanding the Black consumer a critical need.

Continue reading “Report: African-American Consumer Influence Still Vital And Growing In U.S.”

Poll Finds Obama Is Erasing Romney’s Edge On Economy

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By JEFF ZELENY and MEGAN THEE-BRENAN

President Obama has taken away Mitt Romney’s longstanding advantage as the candidate voters say is most likely to restore the economy and create jobs, according to the latest poll by The New York Times and CBS News, which found a modest sense of optimism among Americans that White House policies are working. Continue reading “Poll Finds Obama Is Erasing Romney’s Edge On Economy”