Showing posts with label reaches. Show all posts
Showing posts with label reaches. Show all posts

Friday, March 21, 2014

Vet Wounded By Police At Occupy Protest Reaches $4.5 Million Settlement

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AP Photo / Beck Diefenbach




An Iraq War veteran who was wounded by police during a 2011 Occupy protest in Oakland, Calif. has reached a $ 4.5 million settlement with the city, The San Francisco Chronicle reported on Friday.




Scott Olsen, 26, was struck in the head by a beanbag fired by a police officer on Oct. 25, 2011. He was part of a protest against the police clearing of an Occupy Oakland encampment outside City Hall.


“We’re very pleased that Scott is finally getting some compensation,” Rachel Lederman, one of Olsen’s attorneys, told the Chronicle. “He was very seriously injured and sustained some serious brain damage as a result of being shot at close range.”


Olsen filed a federal lawsuit over the incident, which stated that the beanbag had fractured his skull and caused “severe hemorrhaging of his brain.” The Oakland City Attorney’s office announced Friday that it would pay Olsen $ 1.8 million, while the city’s insurance carrier would pay the balance of the settlement.


“Mr. Olsen suffered a tragic injury that will affect him for the rest of his life,” City Attorney Barbara Parker said in a statement. “This settlement will save the City the far greater costs of a trial and potentially much higher judgment. This is a fair settlement given the facts of the case and the significant injuries Mr. Olsen sustained.”


According to the Chronicle, Olsen enlisted in the Marines in 2006, served two tours in Iraq, and was discharged in 2010.




All TPM News



Vet Wounded By Police At Occupy Protest Reaches $4.5 Million Settlement

Tuesday, March 18, 2014

NSA surveillance program reaches ‘into the past’ to retrieve, replay phone calls

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NSA surveillance program reaches ‘into the past’ to retrieve, replay phone calls

Saturday, February 1, 2014

Opel reaches job guarantee deal with 3 German factories



FRANKFURT Sat Feb 1, 2014 9:29am EST



Tuesday, November 12, 2013

VA Stops Releasing Data On Injured Vets As Total Reaches Grim Milestone


US Veteran Disabled Texas Pic #2 Getty ImageInternational Business Times – by Jamie Reno



The United States has likely reached a grim but historic milestone in the war on terror: 1 million veterans injured from the fighting in Iraq and Afghanistan. But you haven’t heard this reported anywhere else. Why? Because the government is no longer sharing this information with the public.



All that can be said with any certainty is that as of last December more than 900,000 service men and women had been treated at Department of Veterans Affairs hospitals and clinics since returning from war zones in Iraq and Afghanistan, and that the monthly rate of new patients to these facilities as of the end of 2012 was around 10,000. Beyond that, the picture gets murky. In March, VA abruptly stopped releasing statistics on non-fatal war casualties to the public. However, experts say that there is no reason to suspect the monthly rate of new patients has changed.  


VA ceased to disclose this data despite President Obama’s second-term campaign pledge that his administration would be open and transparent. Absent information about the number of soldiers that have sought government medical help and about the types of injuries they had, policymakers, Capitol Hill and health care professionals may be hamstrung in making decisions about funding for crucial veterans’ health programs and the treatments and diagnostic tools that should be researched and targeted. The reliability of future military strategies could be in jeopardy as well.


VA’s actions are “a gross injustice to veterans and the taxpaying public,” says Anthony Hardie, a Gulf War veteran and veterans’ advocate who has testified before the House Veterans’ Affairs Subcommittee on Oversight and Investigations. Hardie suggests that Congress should tackle the problem, perhaps even legislatively, noting that withholding the data “reflects a VA pattern of abuse and lack of transparency.”


Rep. Jeff Miller, R-Fla., the chairman of the House Committee on Veterans’ Affairs, stopped short of making such a harsh assessment, but just barely. VA’s records on veterans from Afghanistan and Iraq, he says, “were a valuable resource for the committee, and it’s unfortunate that VA has decided to discontinue them for now. We have asked VA to explain what security concerns led to its decision and provide an estimate as to when it will resume production of the reports.”


Miller added: “I hope VA will resolve this issue quickly, because with more than 100 outstanding requests for information from the committee currently pending, the department already has more than enough issues with transparency.”


Previously, Veterans Affairs published reports four times a year on how many patients that had served in Afghanistan’s Operation Enduring Freedom and Iraq’s Operation Iraqi Freedom and Operation New Dawn were seen for the first time in VA health care system. The most recent report was released in March 2013, reflecting numbers from the previous December. Nothing in June. Nothing in September.


VA stopped preparing and releasing these reports on health care use and disability claims involving the 2.6 million U.S. service members who have been deployed to Iraq and Afghanistan without warning, claiming unspecified “security” reasons.


A statement buried on an unpublicized VA web page reads, “VA and the Department of Defense are currently enhancing their existing security arrangements for the delivery of the data VA uses for these reports. At this time, it is unknown when the next reports will be released.”


[Update: hours after our story was published on Friday, the statement was updated to: "VA and the Department of Defense have enhanced their existing security arrangements for the delivery of the data VA uses for these reports. The 2nd Quarter FY 2013 reports should be released in November 2013."] 


Some believe privately that the enormity of the 1 million injured figure, which advocacy groups like the Veterans for Common Sense say has already been surpassed, is responsible for the reticence of VA and the Obama administration, both of whom are hoping to avoid a public relations fiasco. And several veterans advocates including Michael Zacchea, a director at the Veterans for Common Sense, suggest that there may have been some sort of data transition compromise between DoD and VA — two agencies that have never communicated very effectively. It’s even possible that VA was hacked. But no one who would know is talking.


Phil Budahn, a VA spokesman, says the department was “unable to get an answer” for this story. But veterans’ advocates, lawmakers and others agree that the information VA is currently withholding is important information that Americans have a right to know. And it isn’t just a matter of acknowledging — or refusing to acknowledge — a shocking numerical milestone: It could also influence the treatment programs, for which funding must be quantified, and provide useful data for reducing future injuries.


Zacchea sees the potential for disrupting veterans’ programs as unacceptable. “VA must release information about patients and claims among our newest generation of veterans for the year 2013 so Congress makes sure VA has enough funding,” he says.


Linda Bilmes, a Harvard professor and author of ”The Three Trillion Dollar War,” who has testified before Congress about the cost of war, agrees.


“We need accurate data on casualties in order to make decisions about treatment, research, operations and budget,” she says. “But we also need to know how much of our medical effort should be devoted to specific conditions such as psychiatric, pain relief, physiotherapy, substance abuse, etc. And regionally, we need to know where the demand for services is outstripping supply.”


Bilmes adds that in addition to helping determine how much money the government should spend and where it should be spent, these reports help the nation study and draw conclusions from the current war effort.


“Sadly, this is unlikely to be our last war,” she says. “Those of us who study the long-term effects of conflict depend on the government to collect and make available these reports that will help us to analyze what happened during this one.”


Veterans photo2 Car stickers commemorating U.S. military service in Vietnam, Afghanistan and Iraq are seen on a recruiter’s table at a veterans job fair in Los Angeles.  REUTERS/Lucy Nicholson


A House Veterans Affairs Committee staffer who asked not to be named because he is unauthorized to speak to the press said, however, that while the reports are important and should be shared by VA with the public, they are “not essential” for budgetary submissions.


“The committee has information within VA’s budget on the number of users of the health care system broken down by era, etc.,” says the staffer. “Further, there are stats on OIF/OEF [Operation Iraqi Freedom and Operation Enduring Freedom] claims activity in the budget submissions as well.”


Does that mean there is enough information in these budget submissions? In 2005, Veterans Affairs officials testified before Congress that the department was doing just fine, that it had enough money. Just a few months later, then-VA Secretary James Nicholson went back to Congress, hat in hand, and asked for billions more in emergency funding to keep the department’s doors open. This was due in part to the flood of Iraq and Afghanistan patients. Zacchea, a retired Marine lieutenant colonel who fought in Iraq, says that could easily happen again. He notes that in 2007, Veterans for Common Sense sued VA, alleging the department was unprepared to handle the tidal wave of patients and claims. The case made it all the way to Supreme Court, where the court announced in January, without further comment, that it would not hear arguments in the lawsuit. It died.


“We [VCS] are suspicious that VA’s reports on patients and claims ceased shortly after the Supreme Court’s action early this year,” Zachea says.


Whatever the reason, VA’s reluctance to share this non-fatal war casualty information raises questions. How many patients has Veterans Affairs treated in 2013? How many more disability compensation claims does it expect to need processing? Does VA need more funding to hire doctors and nurses to treat veterans suffering from traumatic brain injury (TBI) or post-traumatic stress disorder (PTSD)?


The department’s lack of transparency has generated frustration and even anger among lawmakers on both sides of the aisle. Congress recently held hearings on the issue of VA transparency and even created a website that keeps a running record of outstanding information requests made to the department by both Democrat and Republican members of the House Veterans Affairs Committee, commonly referred to as HVAC.


“The leisurely pace with which VA is returning requests – and in some cases not returning them – is a major impediment to the basic oversight responsibilities of the committee,” the site notes.


VA’s woeful track record persists despite a memo sent by President Obama to federal agencies shortly after taking office for a second term promising, “We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration.”


VA is also under fire for its backlog of veterans’ disability claims. The House passed a bill this week calling for the establishment of a 15-member commission that would examine ways to expedite the painfully slow claims process.


According to VA numbers, 1.4 million new, reopened and appealed claims were pending as of October 28. The average time for VA to process a claim is one year, and the department makes mistakes in 30 percent of claims. The average time for processing an appealed claim is four years.


The House also passed a bill this week that would limit the amount VA can spend on executive bonuses each year, mandating a 14 percent cut to the department’s performance awards.


And a House panel is examining VA spending on extravagant conferences. The Washington Post reported this week that the department held two events in Orlando near Walt Disney World that cost taxpayers at least $ 6.1 million, according to VA inspector general (IG). The expenses included $ 50,000 for a 15-minute video spoofing the Oscar-winning movie “Patton.”


Five VA officials involved have resigned or retired since the IG faulted their roles the training events in Orlando, according to a newly released congressional report.


But VA’s biggest and most important challenge remains caring for the onslaught of veterans returning from 12 years of war. At the end of last year, the department reported a staggering 56 percent health care usage among 1.6 million recent war veterans eligible for VA treatment.


If the same 56 percent rate is applied to the remaining 1 million service members who went to war and are expected to be discharged and become eligible for VA care in the coming years, VA may eventually treat 1.5 million Iraq and Afghanistan war veteran patients.


Among these veterans, some sources revealed last year that the PTSD rate exceeds 30 percent, and one Stanford University study puts the PTSD rate at 35 percent. If accurate, that means a total of between 780,000 and 910,000 Iraq and Afghanistan war veterans may return home with PTSD, which is often debilitating.


This week, legislators and several veterans’ service organizations called for VA programs to be funded one year in advance to improve planning and avoid service disruptions in any future government shutdowns.


“As we saw earlier this month, in the event of a prolonged shutdown, VA would not have been able to issue disability compensation, pension payments, or education benefits,” said Senate Veterans’ Affairs Committee Chairman Bernie Sanders, I-VT, at a news conference on Wednesday. “That outcome would have been reprehensible.”


Congress currently funds only the medical care portion of VA’s discretionary budget – about 86 percent of the total – one year in advance. VA hospitals and clinics continued operating without interruption during the 16-day partial government shutdown earlier this month but other VA programs and services, including claims processing, scaled back operations.


In Sanders view, the lack of casualty data could be mitigated through better collaboration between the Pentagon and Veterans Affairs, particularly by integrating electronic health records to provide real-time access to relevant military medical and personnel files. “It’s no secret that the exchange of personnel and medical records between the departments of Defense and Veterans Affairs has faced a number of challenges,” Sanders told IBTimes.


On Thursday, as this article was being prepared for publication, Sanders spokesman Michael Briggs offered a telling footnote. After being contacted by IBTimes, Briggs said, Sanders’ office got in touch with VA, and the department “told us they’re going to start putting up these numbers again soon. We raised the question with them, and they told that they will be forthcoming. The senator believes VA should be transparent about these numbers, and he now has assurances that they will be.”


It remains to be seen whether VA will follow through with the promised release, explain why the information was withheld in the first place, and clarify whether any plans or programs have been affected by the lapse.


Veterans photo U.S. Veterans Affairs Secretary Eric Shinseki (L) and Defense Secretary Chuck Hagel (R) appear a news conference on efforts to eliminate VA claims backlogs, at the U.S. Capitol in Washington, May 22, 2013.  Reuters/Jonathan Ernst


http://www.ibtimes.com/va-stops-releasing-data-injured-vets-total-reaches-grim-milestone-exclusive-1449584






VA Stops Releasing Data On Injured Vets As Total Reaches Grim Milestone

Wednesday, July 31, 2013

JPMorgan reaches $410mn settlement


JPMorgan Chase has reached a $ 410 million settlement with the top US energy regulator, which had accused the giant bank of devising “manipulative schemes” to transform “money-losing power plants into powerful profit centers.”


The deal with Federal Energy Regulatory Commission on Tuesday was a record fine. The most recent settlement the FERC had with a big bank totaled only $ 1.6 million.


JPMorgan is also preparing to give another penalty for mortgage securities it sold to the government. But people familiar with the matter said, a housing regulator has recently rejected an offer the bank made to settle the claims, according to the New York Times.


JPMorgan sold billions of dollars in mortgages it sold to government-controlled Fannie Mae and Freddie Mac. This could be the most costly case for the bank.


JPMorgan and 17 other banks are accused by the Federal Housing Finance Agency, which oversees Fannie and Freddie, of selling mortgage securities that later imploded.


The bank is swiftly losing credibility in Washington as eight federal agencies are investigating it. Some regulators have accused JPMorgan of resisting security of the $ 6 billion trading loss in London last year.


In a meeting in April, officials from US central bank and the Office of the Comptroller of the Currency warned Jamie Dimon, the bank’s chief executive, that they were losing patience with JPMorgan, the Times said.


Though Dimon has voed to “do all the work necessary to complete the needed improvements” in his relations with regulators, some regulators said they were hesitant to believe that JPMorgan was truly reforming its ways, with one official describing the government’s reaction as “trust but verify.”


ARA/ARA




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JPMorgan reaches $410mn settlement

Saturday, July 27, 2013

EU says reaches deal with China to resolve solar dispute


The European Commission said on Saturday it had agreed a deal with Beijing to resolve a dispute over alleged Chinese dumping of solar panels in Europe, agreeing a minimum price for China’s imports.


The deal to resolve the biggest trade dispute between China and the European Union will avoid punitive tariffs from August on Chinese solar imports into Europe that were worth 21 billion euros ($ 27 billion) last year.


“We found an amicable solution,” EU Trade Commissioner Karel De Gucht said in a statement.


“I am satisfied with the offer of a price undertaking submitted by China’s solar panel exporters,” he said, referring to an agreement for a minimum price for China’s imports.


Chinese solar panel production quadrupled between 2009 and 2011 to more than the entire global demand, and the Commission accused China of dumping its solar panels at below the cost of production in Europe.


The Commission, the EU executive, imposed low tariffs in June, which were due to jump to punitive levels on August 6, but six weeks of talks appear to have resolved the row.


(Reporting by Robin Emmott; editing by Martin Santa and Mike Collett-White)




FOXBusiness.com



EU says reaches deal with China to resolve solar dispute

Wednesday, July 17, 2013

Senate reaches deal on Obama nominees, filibusters




Sen. Tom Udall (D-NM) speaks to reporters after a policy luncheons as he is flanked by Sen. Jeff Merkley (D-OR) and U.S. Senate Majority Leader Harry Reid (D-NV) at Capitol Hill in Washington, July 16, 2013. REUTERS/Jose Luis Magana


1 of 7. Sen. Tom Udall (D-NM) speaks to reporters after a policy luncheons as he is flanked by Sen. Jeff Merkley (D-OR) and U.S. Senate Majority Leader Harry Reid (D-NV) at Capitol Hill in Washington, July 16, 2013.


Credit: Reuters/Jose Luis Magana






WASHINGTON | Tue Jul 16, 2013 8:40pm EDT



WASHINGTON (Reuters) – Senate Democrats backed away on Tuesday from a possible historic crackdown on filibusters in exchange for a Republican commitment not to use the procedural hurdles to stop some of President Barack Obama’s long-stalled nominations.


The bipartisan agreement, reached after days of talks and jockeying for political position, will allow Obama to fill out his second-term team with top administrators overseeing efforts to protect workers, consumers and the environment.


It will also permit Republicans to retain their right to stop future nominees with filibusters, which have been used for years by the Senate’s minority party against the majority.


“They (Republicans) are not sacrificing their right to filibuster, and we for damn sure aren’t sacrificing our right to change the rules” to ban them, Senate Majority Leader Harry Reid, a Nevada Democrat, declared after tense negotiations.


Senate Minority Leader Mitch McConnell, a Kentucky Republican, said, “Put this down as progress in the right direction.”


Obama praised the compromise, saying in a statement, “I’m pleased that the Senate took action today to move forward on the nominees who have waited far too long for a vote.”


But it was unclear how much progress there was, and when another partisan fight would break out in the highly divided and often gridlocked Senate.


Republican Senator John McCain, who helped negotiate the deal, said, “People walked to the edge of the abyss and then we walked back.”


“I don’t know that this is going to come again anytime soon. It may, depending on what goes on in the Senate,” said McCain.


The first concrete sign of agreement came when the Senate, on a vote of 71-29, with 17 Republicans joining all 52 Democrats and two independents, cleared the way for an up-or-down vote on Obama’s choice of Richard Cordray to serve as director of the Bureau of Consumer Financial Protection.


A few hours later, the Senate confirmed Cordray by 66-34, ending Republican vows to oppose him until structural changes were made in the agency that was created in 2011 to crack down on Wall Street abuses and protect consumers from financial scams.


ORGANIZED LABOR’S INPUT


As part of the agreement, Democrats yielded to Republican demands that Obama withdraw two nominees to the National Labor Relations Board and offer new ones. The NLRB oversees union elections and enforces labor laws.


Obama on Tuesday nominated Nancy Schiffer, a former associate general counsel at the AFL-CIO labor organization, and Kent Hirozawa, chief counsel to NLRB chairman Mark Pearce, withdrawing two previous nominations. Republicans have agreed to allow the new choices to be confirmed by August 1, aides said.


“I’m pleased that the administration is going to send up two (new) nominees,” McConnell said. “There will be an effort made to get them up for votes before the August recess.”


Republicans had long urged Obama to replace the two earlier NLRB nominees, Sharon Block and Richard Griffin, who were temporarily appointed to the board by Obama in January 2012. A federal court invalidated the appointments. The case is on appeal to the U.S. Supreme Court.


The Senate is set to vote on Wednesday on Fred Hochberg’s nomination as president of the U.S. Export-Import Bank, and in coming days on the nominations of Thomas Perez to be labor secretary and Gina McCarthy to lead the Environmental Protection Agency.


Democrats have received assurances all three will be confirmed, aides said.


McCain and Democratic Senator Charles Schumer, who crafted a landmark immigration bill earlier this year, came together again to find a compromise on nominations.


Their talks intensified following a closed-door meeting attended by all 100 senators on Monday night where differences were aired and members of both sides spoke out against changing the rules on filibusters.


“We came to an agreement that we shouldn’t change the rules, but we should let the agencies function,” Schumer said.


“I am hopeful that this would set a better tone not just for the seven on the list here, but for all future appointments,” Schumer said.


Filibusters have long been a tool in the Senate to permit the minority to extend debate and pressure the majority to compromise.


But in recent years, each side, when in the majority, has accused the minority of using the filibuster to create partisan gridlock rather than to find bipartisan solutions.


Without an agreement, Democrats, who control the Senate, 54-46, said their aim would have been to reduce to 51 from 60 the number of votes needed to end filibusters against executive branch nominees.


Normally 67 votes are needed to change Senate rules, but Democrats could do it with just 51 under “the nuclear option,” which would involve a ruling by the Democratic chair, which is often filled by Vice President Joe Biden, the chamber’s president.


(Additional Reporting by David Lawder and Susan Cornwell; Editing by Fred Barbash and Peter Cooney)






Reuters: Politics



Senate reaches deal on Obama nominees, filibusters

Monday, June 10, 2013

A Wily Banker Reaches the Top in Greece


ATHENS — Not long ago, Michael Sallas, the chairman of Piraeus Bank in Greece, had a dream: to make his bank too big to fail.





Reuters

Michael Sallas has turned Piraeus Bank into Greece’s largest.




But now that he’s managed to turn his bank into Greece’s largest, insuring that Piraeus will be eligible for a bailout from the European Union, Mr. Sallas runs the risk that some of the steps he has taken along the way may come back to haunt him. Those moves include borrowing over 100 million euros (about $ 135 million) from a friendly banker in a bid to prop up the falling shares of his own bank and making risky loans to people and entities with ties to Piraeus.


Europe is preparing to close the books on perhaps the most ambitious aspect of its plan to keep Greece afloat — a cash injection of about 50 billion euros into the country’s four largest banks.


And bank governance has emerged as a critical issue, with the country’s creditors — who arrived in Athens this week to carry out their latest audit — insisting that continued aid is conditional on banks demonstrating that their conduct is above reproach.


Still, Greece’s overseers from the European Union and the International Monetary Fund may well find that even with increased oversight, changing the freewheeling business culture that long defined the Greek financial system will be easier said than done.


The rapid rise of Mr. Sallas exemplifies that culture. A tough, charismatic banker who seized control of Piraeus in 1991 and built it up by dint of more than 15 mergers and acquisitions, Mr. Sallas reached the pinnacle of the Greek banking world in March when he capitalized on Cyprus’s banking disaster, buying the Greek units of that island’s three biggest financial institutions, Bank of Cyprus, Laiki Bank and Hellenic Bank.


His supporters say that Mr. Sallas should be hailed for his entrepreneurial savvy and robust appetite for risk. Seeing an opportunity to reinvent his bank, he has merely stolen a march on his more sclerotic counterparts.


“He is someone who can really navigate the system in Greece,” said John Rigas, a Greek-American hedge fund operator and client of the bank who owns an Athens-based investment company in which Piraeus holds the largest share. “This bank has gone from a teetering No. 4 to a solid No. 1 in just a year.”


But others say that Mr. Sallas has pushed the boundaries of proper banking too far and that his maneuvering in the murky world of Greek finance — where the interests of bankers, the media and politicians often commingle — should be more closely scrutinized.


“Piraeus has long used problematic methods that call for investigation,” said Costas Lapavitsas, a political economist at the University of London who follows banking and politics in Greece. “What concerns me is that Piraeus has emerged as the leading bank in Greece not because it improved these methods. The old regime is just adapting to the new conditions and for me that is a sign of sickness and not health.”


Anthimos Thomopoulos, deputy chief executive of the bank, said all aspects of Piraeus’s business “have been exhaustively examined by independent auditors and regulators, inside and outside Greece, with no adverse findings.”


A trained economist, Mr. Sallas, who is 62, made his first career strides working under Andreas Papandreou, the Socialist premier who led Greece in the 1980s. In the years since taking over Piraeus his influence has continued to expand. He is close to the governor of the central bank, George Provopoulos, who until 2008 was vice chairman at Piraeus. And the bank is one of the largest advertisers in the Greek media.


Altogether, European governments and the International Monetary Fund have staked about 200 billion euros of taxpayer money on keeping Greece in the euro zone and eventually restoring its economy to health. To justify this commitment, Europe has subjected Greece’s largest banks to a root-and-branch investigation, focusing in particular on related party lending, or loans to entities in which the bank may have a financial interest, and has concluded that they have finally cleaned up their acts.


With regard to Piraeus, however, this assessment clashes with the conclusions reached by a team of auditors at Laiki Bank in Cyprus, one of the banks whose Greek unit Piraeus acquired in March.




NYT > Global Home



A Wily Banker Reaches the Top in Greece

Tuesday, June 4, 2013

U.S. Military Death Toll in Afghan War Reaches New Milestone



Since the beginning of the the Afghan War in 2001 up to the current day, there have been 2000 U.S. servicemen and women who have lost their lives. That numb…



U.S. Military Death Toll in Afghan War Reaches New Milestone

Saturday, May 25, 2013

U.S. Military Death Toll in Afghan War Reaches New Milestone



Since the beginning of the the Afghan War in 2001 up to the current day, there have been 2000 U.S. servicemen and women who have lost their lives. That numb…
Video Rating: 4 / 5




SMOTR: Afghan War Veterans! (English subtitles)

Reunion of Afghan War veterans. Soldiers and officers of the 5th Guards Motor-Rifle Division gather together every 5th of May at 5 o’clock at Poklonnaya Hill…
Video Rating: 4 / 5



U.S. Military Death Toll in Afghan War Reaches New Milestone

Tuesday, March 12, 2013

Obama: "No," My Budget Won"t Be Balanced

In an interview with ABC News, President Obama says his budget won’t be balanced:

“Paul Ryan, today, put forward his budget,” says ABC, “and he says, he’s challenging you to come forward with a budget that also reaches balance. Are you going to do that?”

“No,” Obama says. “My goal is not chase a balanced budget just for the sake of balance.”

The Weekly Standard


Obama: "No," My Budget Won"t Be Balanced