Showing posts with label Club. Show all posts
Showing posts with label Club. Show all posts

Wednesday, March 12, 2014

Club for Growth Backs Sullivan in Alaska Race



Club for Growth is backing Dan Sullivan in the marquee Alaska Senate race, giving the Republican a boost in a three-way primary to challenge incumbent Democrat Mark Begich.


The endorsement marks one of the few times this cycle that the conservative group has rallied behind an establishment favorite. While the National Republican Senatorial Committee doesn’t officially get involved in primaries where no GOP incumbent is running, some senior members have helped Sullivan raise money.


The endorsee was most recently the commissioner of the Alaska Department of Natural Resources and is competing against Lt. Gov. Mead Treadwell and Joe Miller, the 2010 Tea Party favorite who won the GOP nomination (and a Club for Growth endorsement) that year but lost the general election to incumbent Republican Lisa Murkowski, who ran as a write-in candidate. Sullivan also served in the State Department during the George W. Bush administration and later as Alaska attorney general.


While polling in the 49th state is often scattered and unreliable, Sullivan does appear to be leading the GOP pack among voters and in fundraising.


In picking Sullivan this cycle, Club President Chris Chocola called him a “fiscal conservative with a stellar track record in Alaska,” someone who “has fought for pro-growth tax reform, taken on ObamaCare in court, and beaten back federal overreach by Obama’s EPA.”


Begich is considered one of the most vulnerable incumbents this cycle, and the race could help determine the balance of power in the Senate. The Democrat is well-poised financially, however, ending last year with $ 2.8 million in his account.


“Just replacing Mark Begich with another Republican is not enough — the next Republican Senate majority must consist of the right kind of Republicans — Senators like Pat Toomey, Ted Cruz, Marco Rubio, Tim Scott, Mike Lee, Tom Coburn, and Rand Paul,” Chocola said in a statement. “Chris McDaniel, Ben Sasse, Tom Cotton, and now Dan Sullivan in Alaska are the next generation of candidates needed to ensure not only a Republican Senate majority, but also a fiscally conservative majority within that majority.”


In several primary races this cycle, Club for Growth is at odds with the GOP’s official campaign arm, creating what the establishment wing sees as unnecessary interference in winnable races. For example, the Club has sponsored Republican attorney Bryan Smith in his challenge to incumbent Mike Simpson, a conservative Idaho congressman. The group also endorsed Mississippi state Sen. Chris McDaniel in his challenge to longtime Sen. Thad Cochran.


But the Club has also been an early backer of Arkansas Rep. Tom Cotton, the establishment’s choice to challenge Democratic Sen. Mark Pryor. The group endorsed Cotton’s House bid in 2012, serving as a key financial resource in the congressman’s first campaign. 




RealClearPolitics – Articles



Club for Growth Backs Sullivan in Alaska Race

Monday, February 10, 2014

Group Home Workers Ran ‘Mentally Disabled Fight Club’ (VIDEO)

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Group Home Workers Ran ‘Mentally Disabled Fight Club’ (VIDEO)

Wednesday, February 5, 2014

Jared Leto Heckled For Transgender Role In “Dallas Buyers Club”

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Jared Leto Heckled For Transgender Role In “Dallas Buyers Club”

Wednesday, January 1, 2014

QLD Plan - Campbell Club (part 1)

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QLD Plan - Campbell Club (part 1)

Thursday, December 19, 2013

Fox "N Friends Channeling The 700 Club

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Fox "N Friends Channeling The 700 Club

Wednesday, December 18, 2013

How Secret Currency Traders’ Club Devised Biggest Market’s Rates


It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green. Some dealers have as many as 50 chat rooms crowded onto four monitors arrayed in front of them like shields. Messages from salespeople and clients appear, get pushed up by new ones and vanish from view. Orders are barked through squawk boxes.


This is the closing “fix,” the thin slice of the day when foreign-exchange traders buy and sell billions of dollars of currency in the unregulated $ 5.3-trillion-a-day foreign-exchange market, the biggest in the world by volume, according to the Bank for International Settlements. Their trades help set the benchmark WM/Reuters rates used to value more than $ 3.6 trillion of index funds held by pension holders, savers and money managers around the world.


Now regulators from Bern to Washington are examining evidence first reported by Bloomberg News in June that a small group of senior traders at big banks had something else on their screens: details of each other’s client orders. Sharing that information may have helped dealers at firms, including JPMorgan Chase & Co. (JPM:US), Citigroup Inc. (C:US), UBS AG (UBSN) and Barclays Plc (BARC), manipulate prices to maximize their own profits, according to five people with knowledge of the probes.


“This is a market where there is no law and people have turned a blind eye,” said former Senator Ted Kaufman, a Delaware Democrat who sponsored legislation in 2010 to shrink the largest U.S. banks. “We’ve been talking about banks being too big to fail. What’s almost as big a problem is banks too big to manage.”


Read More…



BlackListedNews.com



How Secret Currency Traders’ Club Devised Biggest Market’s Rates

Friday, October 18, 2013

The Shutdown Winners Club

Nancy Pelosi, John Boehner, Barack Obama, Harry Reid and Mitch McConnell are shown. | AP Photo

There are lots of people who emerged with more influence within their parties, | AP Photo





President Barack Obama solemnly stated at his Thursday news conference that the end of the government shutdown is not a time for partisan scorekeeping: “There are no winners here.”


That is certainly the official line from his administration and across Washington, and it no doubt fits the general mood of disgust across the nation toward a dysfunctional capital culture.







But it is not exactly true.


Amid the broken glass and overturned tables from Washington’s 16-day barroom brawl, there are lots of people who emerged — skip the word “winners” if it grates on the ear — with more influence within their parties and better prospects for new battles ahead than before the shutdown began.


(WATCH: Shutdown aftermath: John Harris, Todd Purdum assess damage)


The main shutdown survivors, as it happens, have famous names. They are the party leaders of both the House and Senate, and President Barack Obama himself.


The paradox may be easy to miss among the general climate of relief and recriminations in post-shutdown Washington.


The past three weeks are widely, and correctly, understood as a reflection of the weakness of Washington leaders, who in both parties hoped to avoid the confrontation that just ended but proved powerless to prevent it. At the same time, however, the episode clearly highlighted that these leaders got to their positions for a reason — through skill at partisan maneuver and acutely sensitive instincts for self-protection.


House Speaker John Boehner — despite being mocked as a weakling by Democrats from Obama on down — has strengthened his position. Before the shutdown, he was intensely mistrusted as a deal-hungry accommodationist by his party’s tea party caucus and other staunch conservatives, many of whom were credibly vowing to make this his last term as speaker. Conservatives now say they have gained new respect for Boehner, who stood with them on a strategy that he privately did not support even amid denunciations from Democrats and plummeting poll ratings. The issue now is whether he can use his new credibility with these conservatives to achieve his real objective — which is to try craft a long-term budget deal that can pass the House and cement his own legacy as an effective speaker.


(PHOTOS: Senators vote on budget deal


House Minority Leader Nancy Pelosi emerges stronger, too. Although she never became a key player in the negotiations to end the shutdown, she was able to keep her Democratic caucus united in a way that stood in stark contrast to the GOP drama. She also advanced her larger strategy for regaining a Democratic majority — to count on Republican excesses, wildly unpopular in national polls, to draw the sharpest possible strategy with voters in next year’s mid-term elections.


Senate Majority Leader Harry Reid is a more obvious winner. Democrats in Congress, and even more at the grassroots across the country, had been deeply fearful that Republicans would at the end of the day be rewarded with negotiated concessions for ending the shutdown and averting a default on the debt. Reid was the most effective voice arguing against any concessions from Obama, and keeping his own party — including some senators who might have been inclined to blink for the right offer — in line. With his taciturn personality, Reid may never be beloved Washington figure, but he is now a more feared one.


Senate Minority Leader Mitch McConnell emerges from the shutdown with his reputation as a phlegmatic but canny Washington operator enhanced. Like Boehner, he never liked the idea of closing the government in a bid to defund Obamacare. He largely hung back during the opening phase of the confrontation, to avoid being portrayed as a deserter for prematurely embracing the compromise he knew would eventually be required. But when the moment came, he was central to the deal that got cut, and he can portray himself in Washington and back in Kentucky as the adult in the room who can get important work done.




POLITICO – TOP Stories



The Shutdown Winners Club

OHIO CLOCK TICK-TOCK: ANATOMY OF A SHUTDOWN – The Shutdown Winners Club – McConnell: No repeat in January – COOK REPORT SHIFTS 14 RACES IN DEMS" DIRECTION – Panda Cam is back!


(swong@politico.com or @scottwongDC)


OHIO CLOCK TICK-TOCK: ANATOMY OF A SHUTDOWN – POLITICO’s John Bresnahan, Manu Raju, Jake Sherman and Carrie Budoff Brown spoke to dozens of sources on Capitol Hill and at the White House for this behind-the-scenes account: “House Speaker John Boehner just wanted to sneak out of the White House for a smoke. But President Barack Obama pulled him aside for a grilling. Obama wanted to know why they were in the second day of a government shutdown that the speaker had repeatedly and publicly pledged to avoid. ‘John, what happened?’ Obama asked, according to people briefed on the Oct. 2 conversation. ‘I got overrun, that’s what happened,’ Boehner said. …


– “It became clear almost from the moment the government closed Oct. 1 that it would stay that way for awhile. The White House received intelligence from an unlikely source: Boehner’s former chief of staff Barry Jackson. A lobbyist who spoke with Jackson passed on a detailed download to top administration officials. Chief among the insights was that Boehner would have to fight right up to the Oct. 17 debt limit deadline. Shortly after the White House meeting Oct. 2, a ragged Boehner filled in his closest allies about his talk with Obama, telling them that the president had confronted him in the room that former President George W. Bush called the ‘Lewinsky suite.’ …


– “Sitting around a conference table in the Roosevelt Room, Obama hammered the Republicans about reopening the government, demanding repeatedly to know ‘what is it going to take’ to get it done. A frustrated Ryan finally stood up and urged them to come together and craft something lasting. But what senior administration officials aides heard was a Freudian slip. ‘We’re going to have six weeks to negotiate the debt limit,’ Ryan said. Nobody challenged him, but White House aides mentally filed it away. …


– “Even though [Sen. Susan] Collins was picking up support, she never had the full buy-in of party leaders from either side. It was a veteran Republican senator, Lamar Alexander of Tennessee, who McConnell instead leaned on closely for some critical advice. Several sources said that Collins was upset when she learned Alexander was given this role, given that she had been working aggressively to cut a deal. McConnell aides later said Collins was critical to the end-result and nothing was meant as a slight against her. But Alexander was important because his politics are more conservative than Collins’ and he has a tight relationship with Sen. Chuck Schumer (D-N.Y.), Reid’s closest ally.” http://politi.co/H4RcE8


– POLITICO Editor in chief John Harris declares President Obama and the Democratic and Republican leaders of the House and Senate as members of the “Shutdown Winners Club.” “The past three weeks are widely, and correctly, understood as a reflection of the weakness of Washington leaders, who in both parties hoped to avoid the confrontation that just ended but proved powerless to prevent it. At the same time, however, the episode clearly highlighted that these leaders got to their positions for a reason — through skill at partisan maneuver and acutely sensitive instincts for self-protection.”  http://politi.co/18s33Wp


– The end of the shutdown means the Senate’s beloved Ohio Clock is ticking again: http://politi.co/19b7yEv


– And the National Zoo’s Panda Cam is back: http://wapo.st/15LVLfb. Watch the pandas here: http://bit.ly/1dQ9PEI


** A message from TransCanada: Tired of the U.S getting energy from unfriendly countries halfway around the  world?   The TransCanada Keystone XL pipeline can provide  energy from a  friendly, reliable neighbor, and with increased domestic production can end reliance on unstable energy sources.  Learn more at www.Keystone-XL.com.


McCONNELL: CRUZ STRATEGY ‘WAS NOT A SMART PLAY’ – Manu Raju caught up with the Senate Republican leader a day after the deal: “At the end of the day, Senate Minority Leader Mitch McConnell says he had no good option in the 16-day government shutdown fight. House Speaker John Boehner’s strategy collapsed. Ted Cruz’s push to use a shutdown to defund Obamacare was ‘not a smart play’ and a ‘tactical error,’ he said. And the country was staring at the threat of a prolonged shutdown and a potentially disastrous default on a nearly $ 17 trillion national debt. Using a football analogy, McConnell said he got the ball on his own two-yard-line with a ‘shaky’ offensive line and had to cut a last-ditch deal with Senate Majority Leader Harry Reid to end the crisis, no matter how unappealing to many in his party. Despite acting as a chief deal-maker in recent years during government crises, it was unclear the role McConnell would play until the final days of the bitter fight.


– “‘Given the card I was dealt at that point, what I had hoped to have achieved was to punt the ball to a better place on the field without raising taxes or busting the [spending] caps,’ McConnell told POLITICO in a phone interview Thursday. ‘We got off track with a tactical error earlier starting in July and August that diverted our attention away from what was achievable,’ McConnell said bluntly of the defund Obamacare push. ‘And so we’ll be back at it in January and February, which is why the best you can say is, ‘It’s a punt.’’” http://politi.co/1atqJar


– McConnell told National Review’s Robert Costa that Republicans will not push another shutdown in another few months: “One of my favorite sayings is an old Kentucky saying, ‘There’s no education in the second kick of a mule.’” http://bit.ly/19UvQW3


BUT TED CRUZ refused to rule out another shutdown in an interview with ABC News’ Jonathan Karl: http://bit.ly/1i1t9Rz


– National Journal’s Beth Reinhard and Alex Roarty have dueling stories titled: “Ted Cruz is Finished” and “Ted Cruz is Just Getting Started”: http://bit.ly/18qaa1M and http://bit.ly/18qacGN


MINORITY LEADER NANCY PELOSI asks if the GOP “temper tantrum” was worth a $ 24 billion hit to the economy. The Hill: http://bit.ly/17wsoLv


CAN BUDGET CONFERENCE DELIVER? – Jonathan Weisman and Jackie Calmes write on A1 of the New York Times: “Congressional negotiators on Thursday plunged into difficult budget talks to avoid a repeat crisis within months, and quickly agreed to lower their sights from the sort of grand bargain that has eluded the two parties for three years. After approval late Wednesday of the agreement ending the standoff, the deal-making mantle shifted overnight from the leaders of the Senate to the Budget Committee leaders, Senator Patty Murray, Democrat of Washington, and Representative Paul D. Ryan, Republican of Wisconsin, two less senior lawmakers who nonetheless could make very effective salespeople since they command loyal followings in their parties. The political pressure lifted as well, for now.  … The question of what a new House-Senate budget conference can deliver by its Dec. 13 deadline — in time for Congress to act by Jan. 15 on funding to keep the government open — remained the subject of deep skepticism, well earned by past failures at reaching so-called grand bargains for deficit reduction and spending investments in the past three years.” http://nyti.ms/1c1BHdP


GOOD FRIDAY MORNING, OCT. 18, 2013, and welcome to The Huddle, your-play-play preview of all the action on Capitol Hill. Send tips, suggestions, comments, complaints and corrections to swong@politico.com. If you don’t already, please follow me on Twitter @scottwongDC.


My new followers include @LaurenTrager and @jamesoliphant.


TODAY IN CONGRESS – The House is out and will return next week. The Senate is on recess until Monday, Oct. 28.


COOK REPORT SHIFTS 14  HOUSE RACES IN DEMS’ DIRECTION – Cook’s David Wasserman writes: “Mostly as a result of the damage House Republicans sustained during the 16-day government shutdown, we are making changes to our ratings in 15 House seats, all but one in Democrats’ direction. Democrats still have a very uphill climb to a majority, and it’s doubtful they can sustain this month’s momentum for another year. But Republicans’ actions have energized Democratic fundraising and recruiting efforts and handed Democrats a potentially effective message.”


– Ratings Changes: CA-31 Gary Miller (R) Toss Up to Lean D; CA-41 Mark Takano (D) Likely D to Solid D; CO-06 Mike Coffman (R) Lean R to Toss Up; FL-22 Lois Frankel (D) Likely D to Solid D; MI-03 Justin Amash (R) Solid R to Likely R; MI-07 Tim Walberg (R) Likely R to Lean R; MT-AL Steve Daines (R) Solid R to Likely R; NE-02 Lee Terry (R) Likely R to Lean R; NJ-02 Frank LoBiondo (R) Solid R to Likely R; NJ-03 Jon Runyan (R) Solid R to Likely R; NM-02 Steve Pearce (R) Solid R to Likely R; NY-23 Tom Reed (R) Likely R to Lean R; OH-06 Bill Johnson (R) Likely R to Lean R; PA-08 Mike Fitzpatrick (R) Likely R to Lean R; WV-03 Nick Rahall (D) Lean D to Toss Up. Subscription required: http://bit.ly/19V18w4


DCCC CITES SHUTDOWN IN RECORD SEPTEMBER HAUL – Alex Isenstadt reports for the hometown paper: “The Democratic Congressional Campaign Committee raised an eye-popping $ 8.4 million in September, the month preceding the government shutdown, according to figures provided to POLITICO and to be made public Friday. The figure stands as the DCCC’s best September ever in a year before an election, and is nearly double the committee’s August haul. Of the total, $ 3 million came from online donations — making it the top off-year online month for any party committee in history. Some $ 2 million alone came in the six days after Sen. Ted Cruz (R-Texas) launched his 21-hour anti-Obamacare marathon speech.” http://politi.co/H1kOC9


HUDDLE FIRST LOOK: NRSC HITS LANDRIEU FOR OBAMACARE SPEECH – Republicans will blast a news release later this morning knocking Sen. Mary Landrieu (D-La.) for a floor speech this week in which she suggested her 2014 race will be a referendum on Obamacare – a law she voted for. “We did not wake up one morning and declare this the law. The people of the United States declared this through us as their Representatives. If they do not like it, they can unelect us. Believe me, they will have a great chance because I am up for reelection right now. They will be able to do that. But that is the way you do it,” she said. The NRSC cites polls that show more than 60 percent of Louisianans oppose Obamacare. Here’s the release: http://bit.ly/1bDcTo5.


CONSERVATIVE GROUPS RALLY AROUND COCHRAN TEA-PARTY CHALLENGER – The Washington Post’s Sean Sullivan: “A trio of conservative groups announced Thursday they will back Mississippi state Sen. Chris McDaniel (R), who is running for the seat held by Sen. Thad Cochran (R). The Club For Growth, Senate Conservatives Fund and the Madison Project each announced endorsements. ‘Chris McDaniel is a constitutional conservative who will fight to stop Obamacare, balance the budget, and get America working again,’ said Senate Conservatives Fund executive director Matt Hoskins. Added Club For Growth President Chris Chocola: ‘Senator Chris McDaniel represents the next generation of conservative leadership that Mississippi Republicans are waiting for.’ Cochran has not yet definitively said whether he will run for reelection.”


THE ROGERS REPORT: RETURN OF THE CHAIRMEN? – David Rogers explains how we got into this big mess in the first place: “The rise of the modern House speaker began 40 years ago as party caucuses became more unified and members demanded stronger central leadership — often at the expense of committee chairmen. The late Tip O’Neill, the first of the modern speakers, approached this task with caution. Newt Gingrich went a huge step further, even channeling Oliver Cromwell. Nancy Pelosi created her own global warming panel. And upon becoming speaker in 2011, John Boehner wasted no time before kicking the House Appropriations Committee out of its Capitol offices.


– “But this concentration of power in the speakership comes at a price. It diminishes not just the chairmen but the speaker’s identity as a constitutional officer for the whole House. It tilts the scales more in favor of party interests and away from the institution. Instead of presiding over legislation, speakers take ownership. More and more, measures are rewritten on the second floor of the Capitol, not committee offices. … All this history comes to bear, looking back at the bedlam of the past few weeks. And what Washington saw was the concentrated power of the modern speakership turned onto itself — reduced to dysfunction by deep divisions inside the GOP.” http://politi.co/1gpD1ZW


PAUL’S SOFTER SIDE EMERGES IN SHUTDOWN FIGHT – Katie Glueck reports for POLITICO: “Rand Paul is no wacko bird. Just ask Lindsey Graham. ‘Rand Paul’s been incredibly responsible,’ Graham (R-S.C.), who has clashed with Paul in the past, said just before the Senate voted to end the government shutdown. ‘I’ve seen a side of Rand I haven’t seen before. That’s one of the pluses of this whole deal. He’s been great.’ According to many moderate GOP observers, the Kentucky Republican and likely 2016 contender has deftly maneuvered the past several weeks of shutdown politics, toeing the conservative line without alienating the rest of the party — especially compared to his frequent sidekick, Sen. Ted Cruz (R-Texas). A key challenge for Paul if he runs would be to make himself acceptable to — if not win over — traditional Republicans. His low-key approach to the shutdown and debt limit drama could help that cause.” http://politi.co/1gQGvm3


OBAMA TO TAP EX-PENTAGON LAWYER AS HOMELAND SECURITY CHIEF – The AP’s Alicia Caldwell writes that the pick marks a shift from immigration to national security: “President Barack Obama’s selection of a former top Pentagon lawyer to head the Homeland Security Department suggests the agency will be stepping back from its preoccupation with immigration to focus more on protecting the nation from attack. Jeh C. Johnson, if confirmed by the Senate, would replace Homeland Security Secretary Janet Napolitano, who left the DHS last month to become president of the University of California system. Obama was expected to announce Johnson’s nomination [at 2 p.m.] Friday. Unlike Napolitano, Johnson has spent most of his career dealing with weighty national security issues as a top military lawyer. Issues he handled included ending the military’s don’t-ask-don’t-tell policy for gay service members and changing military commissions to try terrorism suspects rather than using civilian courts. He also oversaw the escalation of the use of unmanned drone strikes during the wars in Iraq and Afghanistan as general counsel at the Defense Department.” http://bo.st/17Q7aHE


THURSDAY’S TRIVIA WINNER – Neil Townsend was first to correctly answer that the brother of President William Howard Taft, former Rep. Charles Phelps Taft, was an owner of the Chicago Cubs the last time they won the World Series in 1908.


TODAY’S TRIVIA – Claude Marx has one more question for this week: The son of President Theodore Roosevelt’s secretary went on to become a newspaper publisher and power broker. Name the father and son, as well as the newspaper? The first person to correctly answer gets a mention in the next day’s Huddle. Email me at swong@politico.com.


GET HUDDLE emailed to your Blackberry, iPhone or other mobile device each morning. Just enter your email address where it says “Sign Up.” http://www.politico.com/huddle/


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OHIO CLOCK TICK-TOCK: ANATOMY OF A SHUTDOWN – The Shutdown Winners Club – McConnell: No repeat in January – COOK REPORT SHIFTS 14 RACES IN DEMS" DIRECTION – Panda Cam is back!

Sunday, September 15, 2013

Joe Biden"s Iowa fan club

Joe Biden is shown. | AP Photo

Biden has built relationships in Iowa that date back to his first White House bid in 1987. | AP Photo





DES MOINES – Sometimes Joe Biden wants to go where everybody knows his name.


And at Iowa Sen. Tom Harkin’s steak fry Sunday, Biden will be among friends – people who know him not because he’s the nation’s number-two elected official and who don’t refer to him as “the vice president” or, back in the day, as “Sen. Biden.”





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To many activists in this state, which Biden has courted on and off for nearly 30 years, he’s just “Joe.”


More than perhaps any presidential candidate in modern times, Biden has cultivated a set of relationships in Iowa – and that other key primary state, New Hampshire – that date back decades, to his first presidential campaign in 1987.


(PHOTOS: Joe Biden over the years)


That race ended abruptly, when Biden dropped his candidacy amid a plagiarism scandal and the start of the Robert Bork hearings in Washington. But in the intervening years, Iowa Democrats and veteran Biden allies say he has worked hard to maintain his friendships in the state, and not merely for political reasons.


He developed genuine bonds during that first campaign and renewed them in his 2008 race, which ended in a disappointing fifth-place Iowa finish. If Biden seeks the presidency a third time in 2016, his friends in Iowa say they’re prepared to saddle up again for a man who has become more than a political candidate to them.


“He has literally – as he would say, literally – touched just about every Iowan there is,” said Teri Goodmann, a Dubuque Democrat who has stayed in contact with Biden since his ‘87 effort. “Joe is a person to hold your hand or touch a shoulder, or share an emotion. Joe is a known entity in Iowa.”


Former Delaware Sen. Ted Kaufman, who was Biden’s finance director in the ’88 race, predicted of the steak fry: “So many people will come to that event because they’re friends with him, and I mean outside-D.C. friends.”


(PHOTOS: Joe Biden mingles with the stars)


“He has relationships with people. Jill has relationships with people. Valerie has relationships with people,” Kaufman said, referring to the vice president’s sister, Valerie Biden Owens. “He’s gone out there for people’s funerals.”


The vice president’s Iowa following underscores, in some respects, what an unusual politician Biden is in the year 2013 – a political moment dominated by politicians who rise quickly and burn out fast, and whose essential skill is typically mass communication through TV and social media.


On the contrary, Biden is a retail campaigner of the old school, a man who embarked on his political career before the advent of cable television and whose longevity in national politics sets him apart from even Hillary Clinton among the possible 2016 hopefuls. His first major campaign appearance in Iowa was at a Jefferson-Jackson Dinner in the autumn of 1985.


(WATCH: Biden: ‘Neanderthal crowd’ slowed VAWA renewal)


Indeed, looking at Biden’s original Iowa team is like sending a gang of prominent Democrats from the 21st century back through a time warp. His 1988 state director was David Wilhelm, later chairman of the Democratic National Committee under Bill Clinton. Obama-Biden media consultant Larry Grisolano was, at the time, Biden’s Iowa field coordinator. Agriculture Secretary Tom Vilsack and his wife, Christie Vilsack, were youth organizers.


The Iowans Biden has known for most of his adult lifetime speak of him as a recurring presence in their own lives, including at deeply intimate moments. Judy McCoy Davis of Des Moines, who worked on Biden’s 1988 race, said Biden’s contacts in Iowa are far more “two-sided” than those of most aspiring presidents.


In her own case, Biden sought out McCoy Davis during a visit for former Congressman Leonard Boswell ahead of the 2008 campaign. After dining with a small group, Biden gave her a “pep talk” about how to go on in life without her late husband, former Des Moines Mayor Arthur Davis, another Biden ’88 alum.


(Also on POLITICO: Biden wants Napolitano on SCOTUS)


“He really wanted to talk to me about the fact that he knew what it was like to lose a spouse,” recalled McCoy Davis, who said Biden’s longest-standing supporters in Iowa often reassemble for his visits. “Almost everyone [can] talk about the very personal ways that he stays in touch. It’s less about the political side of things than it is just the interest in what’s happening with you.”




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Joe Biden"s Iowa fan club

Wednesday, August 7, 2013

Carney"s Bank of England set to join forward guidance club


Mark Carney, the governor of the Bank of England, walks to a monetary policy committee (MPC) briefing on his first day inside the central bank

Mark Carney, the governor of the Bank of England, walks to a monetary policy committee (MPC) briefing on his first day inside the central bank’s headquarters in London July 1, 2013.


Credit: Reuters/Jason Alden/pool






LONDON | Wed Aug 7, 2013 4:06am EDT



LONDON (Reuters) – Mark Carney faces his first big test as Bank of England governor on Wednesday when the central bank spells out how it will try to stop higher borrowing costs from snuffing out Britain’s economic recovery.


Carney and his fellow policymakers are likely to back the idea of giving a clearer picture of how long the BoE will keep its interest rates at their rock-bottom levels.


A growing number of major central banks are providing such forward guidance to help nurse their economies back to health after the damage of the financial crisis.


“The recovery could quickly lose steam if mortgage rates rise, so the BoE’s job now is to use guidance to ensure that the stimulus is not withdrawn prematurely,” said Rob Wood, a former BoE economist who now works for Berenberg bank.


The BoE will publish its views on the merits of forward guidance, as sought by finance minister George Osborne, alongside its quarterly economic forecasts at 0930 GMT (5:30 a.m. EDT). The announcement will be followed by Carney’s first news conference since taking over as governor on July 1.


As central bank chief in his native Canada in 2009, he took what was then the unusual step of committing to putting interest rates on ice for more than a year during the worst of the crisis.


The task looks a lot more complicated in London.


Some top officials at the BoE have previously voiced concern about tying their hands on monetary policy.


And a string of much stronger-than-expected data suggests that Britain’s recovery is already building some momentum.


Yet the economy remains more than 3 percent smaller than before the financial crisis – unlike the United States and Germany which have bounced bank more quickly – and Carney will want to prevent any new drag from higher borrowing costs.


British government debt yields are at their highest in a month after the strong data and a rise in U.S. market rates.


‘SHOCK AND AWE’ NO MORE?


Carney was named to run the BoE last November by Osborne who wants “monetary activism” to offset his fiscal austerity push.


Since then, the BoE’s focus has moved from resuscitating the economy to assisting its recovery, and Wednesday’s announcement will reflect that, said Barclays economist Simon Hayes.


“This may not constitute the ‘shock and awe’ monetary activism that came to be expected from Governor Carney when he was first appointed, but the improved economic circumstances have reduced the need for emergency support,” he said.


Carney has previously stressed the importance of reassuring ordinary people and businesses that their debt costs are not going to rise any time soon in order to give them more confidence about spending which would help the economy.


Financial markets are already pricing in no BoE hike until late 2015 at the earliest.


But with some members of the BoE’s Monetary Policy Committee worried that their inflation-fighting credibility could be at risk, setting a clear time period for keeping interest rates low is considered an outside option by many economists.


The BoE is more likely to say it will keep interest rates unchanged until unemployment falls to a specific level, or inflation expectations rise above 2.5 percent, for example, similar to the U.S. Federal Reserve’s forward guidance.


More radical options include targeting a level of economic output or growth in earnings before considering a rate hike.


As well as keeping interest rates low, the BoE has pumped the equivalent of a quarter of Britain’s annual economic output into financial markets since 2009 by buying government bonds with newly created money.


But that option is on the back burner, at least for now.


(Editing by Ruth Pitchford)





Reuters: Business News



Carney"s Bank of England set to join forward guidance club