Showing posts with label Worry. Show all posts
Showing posts with label Worry. Show all posts

Tuesday, March 25, 2014

OBAMA TOP WORRY: NUKE BOMB NYC

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OBAMA TOP WORRY: NUKE BOMB NYC

Monday, March 3, 2014

Picture Talking Points (PTP4).......Gender differences in body anxieties. What do you worry about?

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Picture Talking Points (PTP4).......Gender differences in body anxieties. What do you worry about?

Thursday, February 6, 2014

Sochi: After weeks of worry, a pretty smooth start to spectacle




  • Thursday ends excitedly in Sochi, with no major adverse incidents

  • U.S. bans for now toothpaste tubes, liquids, gels, aerosols in carry-ons to Russia

  • Some events get under way in Sochi, a day ahead of the official opening ceremony

  • U.S. officials warn that explosives could be taken on to planes in toothpaste tubes



(CNN) — Amid international concerns about security, the Sochi Games completed the first day of contests Thursday with high excitement and — equally important — no major adverse incident.


After all the anxiety about a terror strike, controversy over gay rights and ridicule over poor preparations, the Winter Olympics commenced smoothly enough, as qualification events were held in the men’s and women’s slopestyle, women’s moguls and team figure skating.


The last of the athletes arrived at the Russian venue on Thursday, including the bulk of Team USA, and the Olympians will hold the Games’ official opening ceremony Friday.


On the eve of that ceremony, Dmitry Chernyshenko, head of the Games, promised Sochi will be “the safest place on Earth during the Olympics.”


Thursday’s developments involved more than just sports.


SECURITY





U.S. warns airlines of possible attack





Sochi scrambles as crowds arrive





The dangers of slopestyle snowboarding


There’s no doubt it’s the issue at the forefront of people’s minds.


Russia has drafted some 37,000 police and security officers to handle security in Sochi. But that’s not been enough to assuage everyone’s fears.


Toothpaste terror: A day after the United States warned of how explosive materials could be concealed in toothpaste or cosmetic tubes, its government Thursday temporarily banned all liquids, gels, aerosols and powders in carry-on luggage on flights between the United States and Russia.


A law enforcement source told CNN the effort is intended as a very targeted response to the threat that became public Wednesday, and should have a minimal impact on the traveling public. The Transportation Security Administration ordered airlines to ban the items from carry-on bags, but allow them in checked bags.


U.S. partnership: Meanwhile, U.S. authorities are working with the Russians and other countries to try to disrupt several possible threats, including the toothpaste tube concern, a U.S. intelligence source said Thursday.


The threats vary in credibility, and the biggest one traces to the group Imarat Kavkaz in Russia, which has publicly said its followers will try to disrupt the games, the official said.


Meanwhile, Sen. Dianne Feinstein, D-California, told CNN she’s read the threat reports about the Olympics. “The threat stream is credible, I think it’s real,” she said.


Feinstein noted at least one terrorist group — the Caucasus Emirate — “is conceivably capable of carrying out an attack,” she said.


“If I had a son or daughter performing in the Olympics, I would go. Now that I don’t, I probably would not,” said Feinstein. “I’ve seen the threat stream, and I know the opposition, and the opposition is dogged. It is continuing, it is threatening, and hopefully arrests can be made and any attack can be stopped.”


Private protection: The U.S. ski and snowboarding team has hired a private security firm, Global Rescue, to provide protection. It’s not clear how much the firm could do in the event of a major incident, when Russian forces will be in charge, but it has been gathering intelligence on the ground and will provide an extra layer of protection as athletes travel around.


Ships for safety: Meanwhile, two U.S. Navy ships have steamed into the Black Sea, where they will be ready to help if any mass evacuation of U.S. citizens is needed. U.S. security officials have also been working with their Russian counterparts on how to keep the Games safeagainst the backdrop of a regional separatist movement that has used terrorism in the past and has threatened to use it during Sochi’s Olympic Games.


Targets of threats: Americans are not the only ones who are jittery. Austria said this week that two of its female athletes had been the target of specific threats. Austrian media reported an anonymous letter was sent warning Alpine skier Bernadette Schild and skeleton racer Janine Flock they could be kidnapped.


We’ve heard it before: It’s not the first time security issues have dominated the build-up to the Olympics — Britain parked missile batteries on apartment block roofs and a warship on the River Thames before the 2012 Games. The Salt Lake City Winter Olympics in 2002 were held amid heightened security only months after the 9/11 terror attacks in the United States — and the 1996 Summer Games in Atlanta were subject to a terror attack.


Being an athlete: Upon arriving to Sochi, U.S. ice skater Maia Shibutani didn’t hear of the explosive toothpaste threat. She and brother Alex, her skating partner, had been too busy traveling.


But she can’t be distracted by the threats, as serious as they are, she said.


“Yesterday we were doing processing, and then we were traveling all morning, so, no, we hadn’t heard about that,” she said Thursday of the toothpaste threats. “But I think that, really our job here is to just focus on what we can control and what we can do, and that’s how we’re going to perform at our first Olympics.”


Is Sochi ready?


PREPARATIONS


When Russia bid to host its first Winter Olympics in 2007, a document quoted an expected cost of around $ 12 billion. That figure has ballooned to around $ 50 billion. That’s more than four times over budget and surpasses Beijing’s 2008 Summer Games — making it the most expensive Olympics ever, summer or winter.


Russia had less than seven years to transform what was a fairly low-key seaside resort town into a Winter Olympics venue — a project that required staggering feats of engineering in building a new freeway and rail link up a mountain, and a ski resort on the top.And yet questions over Sochi’s readiness have dogged the final run-up to the Games.


Not quite there: While the sports facilities were completed in good time, journalists and others arrived in Sochi this week to find that some of the 40,000 new hotel rooms were far from ready and that construction workers were still hard at work on parts of the Olympic Park.


Thanks to pictures of chaotic scenes posted on Twitter, Russia’s pride has not been spared.


But CNN’s Ben Wyatt in Sochi reports that the picture is not all bad. His hotel has been “superb” and staff and Games volunteers are clearly making an effort to be helpful and speak English, he said.


While some media hotels and landscaping projects have not been completed on time, the sporting venues are all looking in very good condition, he said.


It’ll be A-OK: The Games are President Vladimir Putin’s pet project — so the pressure is on for the Russian organizers to deliver and foster the country’s reputation as a wealthy, modern state.


Chernyshenko, head of the Games, told CNN he was confident all was in hand ahead of Friday’s opening ceremony.


“We are pretty sure that the minor issues are fixed,” he said. “And everybody will concentrate on sport and excellence.”


PROTESTS


Every Olympics has protests. But thanks to social media, Russia is facing a global backlash.


What got many people riled was Russian lawmakers’ passage last summer of legislation known as the anti-gay propaganda bill. The law makes it illegal to tell children about gay equality.


Open letter: More than 200 writers from around the world signed an open letter published Thursday in the UK newspaper The Guardian, calling for a repeal of laws that have placed a “chokehold” on the right to free expression in Russia.


“As writers and artists, we cannot stand quietly by as we watch our fellow writers and journalists pressed into silence or risking prosecution and often drastic punishment for the mere act of communicating their thoughts,” the letter said. Authors Salman Rushdie, Jonathan Franzen and Nobel laureates Gunter Grass and Orhan Pamuk are among the signatories.


First athlete to protest?: Russian state-run media agency RIA Novosti reported that Russian athlete Alexei Sobolev sported an image on his snowboard resembling “a female figure in a balaclava wielding a knife.”


That image purports to resemble members of Pussy Riot because the anti-Putin, all-female band perform while wearing balaclavas, headgear that shows only part of the face, the news agency reported.


The headline stated: “Sochi Snowboarder Coy on Possible Pussy Riot Protest.” Three band members were sentenced to prison for performing a song critical of Putin in one of the Russian Orthodox Church’s most important cathedrals in February 2012. Band supporters say the musicians were political prisoners.


When asked whether the design was an homage to Pussy Riot, Sobolev responded: “Anything is possible.” He added: “I wasn’t the designer.”


Sobolev, a slopestyle rider, was the first Russian to compete in the Games and finished 10th in a qualifying heat Thursday. The drawing on his snowboard was described as “what could be the first protest by an athlete” in the games, the Russian news agency said.


Coordinated protests: To keep the issue in the public eye, gay rights group All Out coordinated protests in cities around the world Wednesday — New York, London, Rio de Janeiro and Paris among them. It’s also set up the Principle 6 campaign, named for the article in the Olympic Charter that promises no discrimination.


Designated site: There is a designated protest site in Sochi. But there’s been criticism of organizers’ decision to tuck it away in a hard-to-reach village seven miles from the main Olympic Park.


More protests may be yet to come — perhaps even by athletes despite an Olympic Charter rule that states: “No kind of demonstration or political, religious or racial propaganda is permitted in any Olympic sites, venues or other areas.”


Express yourself: Chernyshenko says visitors to Sochi have nothing to fear. “You have to understand that any discrimination by gender, by sexual orientation, or religious is prohibited in my country by constitution and also by Olympic Charter.


“Athletes are free to express themselves, and for those who want to demonstrate something we organized what we call Sochi ‘speakers’ corner.’ “


EVENTS


Athletes strapped on their skis, snowboards and ice skates Thursday as the sporting spectacle got under way.


All together now: U.N. Secretary-General Ban Ki-moon urged warring leaders to take a leaf from the competitors’ book. “The athletes send a unified message that people and nations can put aside their differences. If they can do that in Sochi’s sporting arenas, leaders of fighters should do the same in the world’s combat areas,” he said Thursday.


Making the cut: Qualification rounds began for the women’s moguls, and figure skaters took the ice for the team men short program and the team pairs short program.


The qualification rounds in the men’s and women’s slopestyle competition — making its debut at the Sochi Games — saw athletes whiz down a daunting course littered with bumps, rails and jumps.


Thanks, I’ll pass: The aforementioned event is the one ditched by champion U.S. snowboarder and skateboarder Shaun White.


The king of cool, who’s been nursing a wrist injury, withdrew Wednesday, a day after admitting the slopestyle course presented an “intimidating” challenge. He’s going to focus instead on winning his third gold medal in the halfpipe, another snowboarding event.


Record numbers, record tally?: Team USA, with 230 members, will be the largest athlete delegation for any nation in Winter Olympics history. Made up of 125 men and 105 women, the team has high hopes of bringing back a record tally of medals.


9 ways Sochi surprises


CNN’s Amanda Davies, Zain Asher, Carol Jordan, Michael Martinez, Jake Tapper, Evan Perez and Paul Cruickshank contributed to this report.




CNN.com Recently Published/Updated



Sochi: After weeks of worry, a pretty smooth start to spectacle

Thursday, October 3, 2013

NSA Admits Bulk Collection of Cell Phone Location Data, But Don’t Worry, This Was Only a Test


Via: New York Times:


The National Security Agency conducted a secret pilot project in 2010 and 2011 to test the collection of bulk data about the location of Americans’ cellphones, but the agency never moved ahead with such a program, according to intelligence officials.


The existence of the pilot project was reported on Wednesday morning by The New York Times and later confirmed by James R. Clapper, the director of national intelligence, at a Senate Judiciary Committee hearing. The project used data from cellphone towers to locate people’s cellphones.


In his testimony, Mr. Clapper revealed few details about the project. He said that the N.S.A. does not currently collect locational information under Section 215 of the Patriot Act, the provision the government says is the legal basis for the N.S.A.’s once-secret program under which it collects logs of all domestic calls from telephone companies.


“In 2010 and 2011, N.S.A. received samples in order to test the ability of its systems to handle the data format, but that data was not used for any other purpose and was never available for intelligence analysis purposes,” Mr. Clapper said.


He added that the N.S.A. had promised to notify Congress and seek the approval of a secret surveillance court in the future before any locational data was collected using Section 215.


An official familiar with the test project said its purpose was to see how the locational data would flow into the N.S.A.’s systems. While real data was used, it was never drawn upon in any investigation, the official said. It was unclear how many Americans’ locational data was collected as part of the project, whether the agency has held on to that information or why the program did not go forward.




BlackListedNews.com



NSA Admits Bulk Collection of Cell Phone Location Data, But Don’t Worry, This Was Only a Test

Monday, August 12, 2013

Next fiscal fight: Why Wall Street should worry


NEW YORK — Talk to anyone on Wall Street and they will tell you they really don’t care about the brewing fiscal storm in Washington. Possible government shutdown? Whatever. Debt ceiling crisis? Meh.



The prevailing view: When Congress returns in September, sabers will be rattled and threats will be hurled. But then, as usual, Washington will grind out a crummy deal that keeps the federal lights on and avoids a disastrous default.


“D.C. always gets very close to the edge and then in the end finds an 11th-hour solution,” said Jan Hatzius, chief economist at Goldman Sachs. “It seems hard to believe that we are going to have a really big problem”


But this time — wait for it — could be different. Really, seriously different.


Here is just a sampling of why Wall Street may be wrong: The House GOP is hopelessly fractured on spending strategy. Senate Republicans who might otherwise broker a deal face primary challenges that make compromise potentially deadly. Other Senate Republicans are jockeying for 2016. And congressional Democrats have no appetite for any bargain — grand or otherwise — that cuts entitlement spending.


President Barack Obama at his Friday news conference before leaving for vacation lectured Republicans and mocked their threats to shut down the government rather than fund his signature health care law. Hardly a promising sign for the fall.


“The idea that you would shut down the government at a time when the recovery is getting some traction …” Obama said, “I’m assuming that they will not take that path. I have confidence that common sense, in the end, will prevail.”


And it is not just a government shutdown or debt-ceiling crisis that could cause a Beltway shakeup of markets this fall.


There is also the possibility of a nasty confirmation fight for the next chairman of the Federal Reserve just as the central bank starts to wind down its program of buying hundreds of billions in bonds to support the economy.


Wrap all this potential dysfunction together and there is a real chance that the fall of 2013 will be more like the summer of 2011, when a near-miss on the debt ceiling led to a ratings agency downgrade, a huge sell-off in the stock market and yet another hit to an economy that might otherwise be heating up nicely.


“There’s going to be some pain that isn’t being priced into market expectations,” said Compass Point Research & Trading analyst Isaac Boltansky. “Right now the markets are doing well, but I don’t think it’s pricing in this impending battle.” Or battles.


Leadership in both parties seems to want a continuing resolution in September that would fund the government through the end of the year. It may get it. But it’s not obvious how. And even if it does, raising the debt ceiling is a much bigger and potentially more damaging hurdle. Comments from lawmakers as they left town for August suggest how difficult it will be.


“[As] the condition of raising the debt ceiling, we absolutely should insist on spending restraints,” Sen. Pat Toomey (R-Pa.) told POLITICO. “On the other side there’s an effort to try to minimize the magnitude of the fiscal challenge that we face because the deficit has gotten a little smaller in recent years. We shouldn’t be lulled into a false sense of complacency. We still are on a completely unsustainable fiscal path.”


Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas), perhaps with an eye on the 2016 presidential race, are demanding that Senate Minority Leader Mitch McConnell block any spending bill that funds Obama’s health care law as enrollment begins Oct. 1. There is no chance Obama would sign a spending bill that takes money away from implementation of his biggest achievement.


Meanwhile, McConnell and Sen. Lindsey Graham (R-S.C.), who might otherwise help push a fiscal compromise, face 2014 primary challenges that may make them less likely to cut deals with Obama. McConnell has been pivotal in recent battles, including the fiscal cliff deal his office hammered out at the last second with Vice President Joe Biden early this year. Don’t expect a replay this fall.


On top of all this, McConnell and House Speaker John Boehner recently lost several top backroom negotiators to the private sector, making a path out of the current stalemate even tougher.








But this time — wait for it — could be different. Really, seriously different.


Here is just a sampling of why Wall Street may be wrong: The House GOP is hopelessly fractured on spending strategy. Senate Republicans who might otherwise broker a deal face primary challenges that make compromise potentially deadly. Other Senate Republicans are jockeying for 2016. And congressional Democrats have no appetite for any bargain — grand or otherwise — that cuts entitlement spending.


President Barack Obama at his Friday news conference before leaving for vacation lectured Republicans and mocked their threats to shut down the government rather than fund his signature health care law. Hardly a promising sign for the fall.


“The idea that you would shut down the government at a time when the recovery is getting some traction …” Obama said, “I’m assuming that they will not take that path. I have confidence that common sense, in the end, will prevail.”


And it is not just a government shutdown or debt-ceiling crisis that could cause a Beltway shakeup of markets this fall.


There is also the possibility of a nasty confirmation fight for the next chairman of the Federal Reserve just as the central bank starts to wind down its program of buying hundreds of billions in bonds to support the economy.


Wrap all this potential dysfunction together and there is a real chance that the fall of 2013 will be more like the summer of 2011, when a near-miss on the debt ceiling led to a ratings agency downgrade, a huge sell-off in the stock market and yet another hit to an economy that might otherwise be heating up nicely.


“There’s going to be some pain that isn’t being priced into market expectations,” said Compass Point Research & Trading analyst Isaac Boltansky. “Right now the markets are doing well, but I don’t think it’s pricing in this impending battle.” Or battles.


Leadership in both parties seems to want a continuing resolution in September that would fund the government through the end of the year. It may get it. But it’s not obvious how. And even if it does, raising the debt ceiling is a much bigger and potentially more damaging hurdle. Comments from lawmakers as they left town for August suggest how difficult it will be.


“[As] the condition of raising the debt ceiling, we absolutely should insist on spending restraints,” Sen. Pat Toomey (R-Pa.) told POLITICO. “On the other side there’s an effort to try to minimize the magnitude of the fiscal challenge that we face because the deficit has gotten a little smaller in recent years. We shouldn’t be lulled into a false sense of complacency. We still are on a completely unsustainable fiscal path.”


Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas), perhaps with an eye on the 2016 presidential race, are demanding that Senate Minority Leader Mitch McConnell block any spending bill that funds Obama’s health care law as enrollment begins Oct. 1. There is no chance Obama would sign a spending bill that takes money away from implementation of his biggest achievement.


Meanwhile, McConnell and Sen. Lindsey Graham (R-S.C.), who might otherwise help push a fiscal compromise, face 2014 primary challenges that may make them less likely to cut deals with Obama. McConnell has been pivotal in recent battles, including the fiscal cliff deal his office hammered out at the last second with Vice President Joe Biden early this year. Don’t expect a replay this fall.


On top of all this, McConnell and House Speaker John Boehner recently lost several top backroom negotiators to the private sector, making a path out of the current stalemate even tougher.




POLITICO – TOP Stories



Next fiscal fight: Why Wall Street should worry

Wednesday, August 7, 2013

Dems worry about Watt"s chances


Mel Watt is shown. | AP Photo

Harry Reid recently pushed off a vote on Watt’s nomination until after the August recess. | AP Photo





The White House insists that Mel Watt isn’t an afterthought, but allies of President Barack Obama’s nominee to head to the Federal Housing Finance Agency worry that a lack of urgency among top Democrats may hurt the North Carolina congressman’s diminishing chances of winning confirmation.


Senate Majority Leader Harry Reid (D-Nev.) recently pushed off a vote on Watt’s nomination until after Congress’s August recess, a move that the veteran Democratic House member’s proponents and critics both cite as evidence that he doesn’t have the 60 Senate supporters needed to overcome a Republican-led filibuster. And Democratic insiders now say that a GOP filibuster of Watt alone wouldn’t trigger another showdown over the filibuster.







Obama hardly mentioned Watt in a high-profile housing speech delivered in Phoenix on Tuesday, issuing just a perfunctory call for the Senate to vote on the nomination toward the end of his remarks.


(PHOTOS: Longest filibusters in history)


Watt is worried enough about his prospects that he asked fellow Congressional Black Caucus members to lobby their home-state senators on his behalf, prompting the CBC to quietly organize a campaign to cross the Capitol and make the case for his confirmation to Republican senators.


But Republicans say Watt is unqualified for the job of overseeing Fannie Mae and Freddie Mac, the twin titans of the home-mortgage industry, and both sides predict a nasty fight if Reid brings his nomination to the floor in September.


Watt was left behind when the Senate cleared a series of Obama’s nominees as part of a deal to end brinkmanship over the right of the minority party to filibuster presidential picks, and in a subsequent round of related confirmations highlighted by the narrow approval of Todd Jones to head the Bureau of Alcohol, Tobacco, Firearms and Explosives.


(PHOTOS: Harry Reid’s career)


So, the congressman’s backers say, he is in danger of becoming the victim of low placement on the president’s list of priorities.


Watt “not being part of the package of nominations right before the recess raises a high level of concern,” said one Democratic source on Capitol Hill.


Republicans could get away with filibustering Watt, according to a senior Democratic aide as long as the move wasn’t part of a broader effort to stall confirmations. That’s because Watt was excluded from the nominations deal, and because Republicans ceded ground in allowing Jones to be confirmed for the ATF post, the aide said. Only if Watt were not alone — if he were one of several nominees held up in the wake of the agreement — would Reid be likely to bring back his threat to kill filibusters on nominees.


(PHOTOS: Obama’s second-term Cabinet)


Administration officials say Watt has been the beneficiary of support from high-profile players in the White House and at other agencies that deal with housing policy. The list of officials who have called Capitol Hill to press Watt’s case is an impressive one: White House chief of staff Denis McDonough, Treasury Secretary Jack Lew, Housing and Urban Development Secretary Shaun Donovan, National Economic Council Director Gene Sperling, White House lobbyist Miguel Rodriguez and Valerie Jarrett, a senior adviser to the president.


“We have been very aggressive in pushing our case for Watt with Republicans and Democrats,” said one senior administration official.


Despite all that, his nomination hangs on the sharp edge of the Senate’s knife, where Republicans have expressed concern that a longtime liberal on housing policy will be willing to reduce the footprints of Fannie and Freddie in the housing marketplace.


“It’s up to Sen. Reid as to when he files cloture, but obviously the nomination of a politician rather than an expert in such an important field is controversial,” said Don Stewart, spokesman for Senate Minority Leader Mitch McConnell (R-Ky.). Stewart called the choice of Watt “a particularly bad fit given the president’s announcement that he wants to join the bipartisan effort to wind down Fannie [and] Freddie.”


(PHOTOS: Mitch McConnell and Harry Reid’s friendship)


Indeed, in Tuesday’s speech, Obama listed reining in the two “government-sponsored enterprises” as a key component of housing policy aimed at ensuring that homeownership is both affordable and less financially risky.


“For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag,” said the president. “It was ‘heads we win, tails you lose.’ And it was wrong. … The good news is right now that there’s a bipartisan group of senators working to end Fannie and Freddie as we know them.”




POLITICO – TOP Stories



Dems worry about Watt"s chances

Dems worry about Watt"s chances


Mel Watt is shown. | AP Photo

Harry Reid recently pushed off a vote on Watt’s nomination until after the August recess. | AP Photo





The White House insists that Mel Watt isn’t an afterthought, but allies of President Barack Obama’s nominee to head to the Federal Housing Finance Agency worry that a lack of urgency among top Democrats may hurt the North Carolina congressman’s diminishing chances of winning confirmation.


Senate Majority Leader Harry Reid (D-Nev.) recently pushed off a vote on Watt’s nomination until after Congress’s August recess, a move that the veteran Democratic House member’s proponents and critics both cite as evidence that he doesn’t have the 60 Senate supporters needed to overcome a Republican-led filibuster. And Democratic insiders now say that a GOP filibuster of Watt alone wouldn’t trigger another showdown over the filibuster.







Obama hardly mentioned Watt in a high-profile housing speech delivered in Phoenix on Tuesday, issuing just a perfunctory call for the Senate to vote on the nomination toward the end of his remarks.


(PHOTOS: Longest filibusters in history)


Watt is worried enough about his prospects that he asked fellow Congressional Black Caucus members to lobby their home-state senators on his behalf, prompting the CBC to quietly organize a campaign to cross the Capitol and make the case for his confirmation to Republican senators.


But Republicans say Watt is unqualified for the job of overseeing Fannie Mae and Freddie Mac, the twin titans of the home-mortgage industry, and both sides predict a nasty fight if Reid brings his nomination to the floor in September.


Watt was left behind when the Senate cleared a series of Obama’s nominees as part of a deal to end brinkmanship over the right of the minority party to filibuster presidential picks, and in a subsequent round of related confirmations highlighted by the narrow approval of Todd Jones to head the Bureau of Alcohol, Tobacco, Firearms and Explosives.


(PHOTOS: Harry Reid’s career)


So, the congressman’s backers say, he is in danger of becoming the victim of low placement on the president’s list of priorities.


Watt “not being part of the package of nominations right before the recess raises a high level of concern,” said one Democratic source on Capitol Hill.


Republicans could get away with filibustering Watt, according to a senior Democratic aide as long as the move wasn’t part of a broader effort to stall confirmations. That’s because Watt was excluded from the nominations deal, and because Republicans ceded ground in allowing Jones to be confirmed for the ATF post, the aide said. Only if Watt were not alone — if he were one of several nominees held up in the wake of the agreement — would Reid be likely to bring back his threat to kill filibusters on nominees.


(PHOTOS: Obama’s second-term Cabinet)


Administration officials say Watt has been the beneficiary of support from high-profile players in the White House and at other agencies that deal with housing policy. The list of officials who have called Capitol Hill to press Watt’s case is an impressive one: White House chief of staff Denis McDonough, Treasury Secretary Jack Lew, Housing and Urban Development Secretary Shaun Donovan, National Economic Council Director Gene Sperling, White House lobbyist Miguel Rodriguez and Valerie Jarrett, a senior adviser to the president.


“We have been very aggressive in pushing our case for Watt with Republicans and Democrats,” said one senior administration official.


Despite all that, his nomination hangs on the sharp edge of the Senate’s knife, where Republicans have expressed concern that a longtime liberal on housing policy will be willing to reduce the footprints of Fannie and Freddie in the housing marketplace.


“It’s up to Sen. Reid as to when he files cloture, but obviously the nomination of a politician rather than an expert in such an important field is controversial,” said Don Stewart, spokesman for Senate Minority Leader Mitch McConnell (R-Ky.). Stewart called the choice of Watt “a particularly bad fit given the president’s announcement that he wants to join the bipartisan effort to wind down Fannie [and] Freddie.”


(PHOTOS: Mitch McConnell and Harry Reid’s friendship)


Indeed, in Tuesday’s speech, Obama listed reining in the two “government-sponsored enterprises” as a key component of housing policy aimed at ensuring that homeownership is both affordable and less financially risky.


“For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag,” said the president. “It was ‘heads we win, tails you lose.’ And it was wrong. … The good news is right now that there’s a bipartisan group of senators working to end Fannie and Freddie as we know them.”




POLITICO – TOP Stories



Dems worry about Watt"s chances

Wednesday, June 19, 2013

European Car Sales Hit 20-Year Low; Don"t Worry, Things Have Stabilized

NPR reports European Car Sales Hit 20-Year Low For May.


Country by Country Details


  • Passenger car sales dropped by 5.9% from May 2012 in the 27-country European Union to 1.042 million units, the lowest level since May 1993

  • German car sales dropped 9.9% in May, Italy was down 8%, France down 10.4%, Spain down 2.6%

  • PSA Peugeot-Citroen, Renault, Ford, General Motors and Fiat all suffered double-digit declines in May

  • Volkswagen had a 2.8% drop in brand sales and 5.9 percent decline for the group. Sales of Mercedes brand were up 2.8% percent and BMW brand sales declined 8.1%.

  • Jaguar/Land Rover and Japan’s Mazda resisted the crisis with a 9.8 percent and 30 percent increase in sales, respectively, but on much smaller volumes and a market share of just 1 percent. Korean automaker Hyundai saw sales rise 1.9 percent.

First Quarter GDP


  • GDP in the 17 country eurozone shrank by 0.2 percent in the first quarter of this year, the sixth such decline in a row

  • The wider 27-country EU has also seen its economy slide into recession, shrinking 0.1 percent in the first three months of 2013

Italy VAT Hike


“The head of Italy’s association of foreign carmakers, Romano Valente, urged the government to resist raising the value-added tax on car sales. The tax is scheduled to increase to 22 percent from 21 percent in July. Officials have said it will raise 4 billion euros ($ 5.33 billion), but conservative lawmakers in the cross-party coalition are opposed, claiming it will hit sales of big-ticket items harder.“


For Italy economic comments, please see Dumb and Dumber Tax Hikes in Italy; Grand Coalition Splintering; Another Italy Convulsion Coming Up


Signs of Stabilization?


My favorite comment comes from IHS Automotive analyst Carlos da Silva who sees the situation in Europe as stabilizing: “The situation remains tense. Yet, for the second month in a row the rate of decline is slowing down. This means that sales are stabilizing trend-wise.“


Stabilizing? Really? With German sales plunging? And a VAT hike in Italy? With Spain in a Depression? With France imploding under Hollande?


I suggest the slide in Germany and France is going to catch nearly every economist off guard with its intensity. A VAT hike in Italy will be icing on the depression cake.


At least one can make a claim about pent-up demand in Europe. One cannot say the same thing in the US.


Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com


Mish’s Global Economic Trend Analysis



European Car Sales Hit 20-Year Low; Don"t Worry, Things Have Stabilized

Friday, June 14, 2013

Don"t Worry, Trend Towards Hiring Temps is Only Temporary (And Not at All Related to Obamacare)

Wal-Mart has a new strategy of hiring temporary workers, everyday (seemingly to match everyday low pricing). Spokesman David Tovar says that the move is not related Obamacare, even though it could take a year or more for temporary workers to receive health care benefits.


Let’s dig deeper into Wal-Mart’s Everyday Hiring Strategy to see if management claims pass the sniff test.

A Reuters survey of 52 stores run by the largest U.S. private employer in the past month, including one in every U.S. state, showed that 27 were hiring only temps, 20 were hiring a combination of regular full, part-time and temp jobs, and five were not hiring at all. The survey was based on interviews with managers, sales staff and human resource department employees at the stores.

Tovar said fewer than 10 percent of its U.S. workforce is temporary – or what the company internally calls “flexible associates” – compared to 1 to 2 percent before 2013.


The temporary workers are often being hired on 180-day contracts, according to the survey of Wal-Mart stores. The temps could eventually be hired for a regular full or part-time job or they could reapply for their temporary position, the Wal-Mart staff said.


“Full-time people are getting slimmer and slimmer,” said a supervisor at a store in North Carolina, who asked not to be named, as did other store-level employees who were interviewed for this story, because she is not authorized to talk to the media.


She said that the five new employees hired this year at the store are all temps and hours of existing employees are being cut.


“Everybody who comes through the door I hire as a temporary associate,” said a store manager in Alaska, who asked not to be identified. “It’s a company direction at the present time.”


Hiring temps is “one strategy” that retailers could use to mitigate the potential rise in healthcare costs due to the new healthcare care law, said Neil Trautwein, a healthcare lobbyist for the National Retail Federation. “Another strategy could be employing more part-time employees.”


Wal-Mart already has begun to change the healthcare plans it provides workers. Last November, it said that newly hired part-time employees would have to work a minimum of 30 hours a week, up from 24 hours previously, before they can qualify for health coverage. Its U.S. employees also faced an 8-36 percent increase in premiums in 2013, the company said at the time, prompting some workers to forego insurance.


When the work hours are so variable that the employer is not certain whether an employee qualifies, they can elect to determine eligibility by measuring hours during a period of up to 12 months, a strategy Wal-Mart said it plans to use.


Temp workers may therefore have to wait a year – provided they are still employed at the company – to find out if they are eligible.


“A temporary worker may never get that far,” said Barbara McGeoch, a principal and health benefits expert at consulting firm Mercer’s legal, regulatory and legislative group. “They may never get the coverage.”


Detail Recap


  1. Temporary hiring at Wal-Mart has gone from 1-2% to 10% in a year

  2. Employees face an 8-36 percent increase in healthcare premiums in 2013

  3. Part-time employees now need to work 30 hours instead of 24 to get coverage

  4. 61% of the stores in the survey were only hiring temps or were not hiring at all

  5. Regular employees have seen their hours cut

But hey, none of this has anything to do with Obamacare. It just happened.


Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com


Mish’s Global Economic Trend Analysis



Don"t Worry, Trend Towards Hiring Temps is Only Temporary (And Not at All Related to Obamacare)