Texas Gov. Rick Perry gestures during a speech before a Virginia Republican fundraising event in Richmond, Va. (Steve Helber / Associated Press) |
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krisluke
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23-Sep-2011 21:50
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Euro, US bonds turn on talk of ECB support-traders
NEW YORK, Sept 23 (Reuters) - Financial market traders said on Friday talk of further supportive measures from the European Central Bank had led the euro to recover from earlier losses against the U.S. dollar and caused U.S. Treasuries to turn negative. (Reporting by Burton Frierson Editing by James Dalgleish)
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krisluke
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23-Sep-2011 21:49
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Good riddance Q3, hello Q4
By Jeremy Gaunt, European Investment Correspondent
  LONDON, Sept 23 (Reuters) - After the battering that stocks, commodities and many currencies have taken in the past week, there is little wreckage to cling to at the end of a traumatic third quarter.   October, traditionally the slow start of a year-end risk rally, cannot come soon enough.   Not that it is guaranteed, of course. Or that it might even come close to making up for the turmoil since July.   With a week to go, the quarter is the second worst for global stocks in the 23-3/4 years that the MSCI all-country world share index has been running.   The index is down nearly 20 percent in the past three months but, perhaps more pertinently, has lost some 23 percent since hitting a three-year high in May -- putting it, by tradition, into bear market territory.   The coming week is not likely to offer too much to switch that around.   Policymaker speeches may prod more market volatility and an Italian debt auction will take the temperature of the euro zone crisis, but there is little prospect of a striking move forward in the battle to dig Europe and the global economy out of trouble.   The Reuters asset allocation poll for September on Thursday should show how investors have positioned themselves during the most recent blast of risk aversion.   One big issue will be whether large investors see the current market turmoil as part of a deeper, long-lasting imbalance in the world financial system, or as an opportunity.   Aaron Gurwitz, chief investment officer of Barclay's Wealth, said during the past week that equities were now cheap even if the developed economies slip into a mild recession.   " We are recommending (to clients) that they can take a little bit more risk than normal," he told Reuters. " By historical standards, equities are cheap... even if we were going into a downturn. Companies have done very well."     GATHERING GLOOM   Companies will begin reporting their Q3 earnings in a week or so.   Thomson Reuters Proprietary Research shows S& P 500 company earnings are expected to have grown 13.7 percent year-on-year in the quarter. That would follow an 11.9 percent increase in the second quarter.   But that's for later. What is exercising investors at the moment is the state of the world economy.   The Federal Reserve's gloomy assessment during the past week combined with poor manufacturing surveys in other major players, notably China and the euro zone.   Chris Probyn, chief economist at State Street Global Advisors, described developed world economies this week as " like flying an aeroplane just at about stall speed and very close to the ground."   His view was that this situation will remain for a while, with developed economies pulling world growth down to around 4 percent next year, slightly higher than trend but nearly all the result of emerging economies.   But the United States, Europe and Japan are all suffering from demand that has been damaged rather than simply delayed as is normaly the case in downturns. This means growth is not responding to monetary policy.   Various September sentiment and inflation reports will provide more evidence of how close Europe in particular is to a new recession.   " Imagine driving a sled," Probyn said. " You can rein in the dogs or let them out. Well in the global financial crisis a whole bunch of those dogs was shot. Demand was destroyed and it doesn't matter how much you let out those reins -- nothing is running."   That might go some way to explain why financial markets did not react positively to the Fed's lauching " Operation Twist" in the past week, essentially deciding to sell or not roll over short-term debt and buy long-term bonds instead in order to keep borrowing costs low.   The same probably goes for the Group of 20 major economies' pledge to prevent Europe's debt crisis from undermining banks and the global economy.     BREATHE DEEP   The euro zone debt crisis indeed rumbles on. Friday brought with it more reports that Greece's finance ministers an orderly default was one of three possible scenarios facing his country.   The minister, Evangelos Venizelos, later denied the reports, although as a scenario it is by no means something that analysts, investment banks and fund managers have ruled out.   Having said that, Greece's current debt swap plan has made progress and the coming week should see the release of the next aid tranche from the International Monetary Fund, European Union and European Central Bank.   Market worries will continue, however, as long as fears remain that Germany and other euro zone countries are not as committed to holding the currency bloc together as they once were.   " To contain the damage, Germany needs to forcefully dispel any doubts about its commitment to the common currency. The ECB needs to clarify that it will continue to act as the backstop of last resort against dangerous waves of financial turmoil," German private bank Berenberg said in a note. (Reporting by Jeremy Gaunt editing by Patrick Graham) |
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krisluke
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23-Sep-2011 21:45
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Israel sees " positive" Arab move at IAEA meeting
By Fredrik Dahl
  VIENNA (Reuters) - Israel welcomed as a " positive move" on Friday a decision by Arab states not to single out the Jewish state with a resolution condemning its assumed nuclear arsenal at a meeting of the U.N. atomic agency.   Arab delegations described this as a " goodwill" gesture ahead of talks later this year on efforts to free the world of nuclear weapons and an Egyptian-proposed conference in 2012 on creating a zone without such arms in the Middle East.   They said they would not submit a text entitled " Israeli Nuclear Capabilities" for a vote at the annual member state gathering of the International Atomic Energy Agency (IAEA), as they had in 2009 and 2010.   It was a rare conciliatory exchange during an otherwise heated plenary debate of the 151-member Vienna-based agency that otherwise once again highlighted deep Israeli-Arab divisions.   Israel is widely believed to harbour the Middle East's only nuclear arsenal, drawing frequent Arab and Iranian condemnation. The Jewish state is the only Middle East country outside the nuclear Non-Proliferation Treaty (NPT).   Israel and the United States regard Iran -- and to a lesser extent Syria -- as the region's main proliferation threats, accusing Tehran of seeking to develop a nuclear arms capability in secret.   At the IAEA's annual meetings in the previous two years, Arab states put forward a non-binding but symbolically important draft resolution that called on Israel to join the NPT and place all its atomic sites under agency supervision.   It was approved in 2009 and then re-submitted last year to keep up the pressure on Israel. But it was defeated the second time around after intense lobbying by the United States, which argued that zeroing in on Israel would undermine wider efforts to ban nuclear weapons in the volatile Middle East.   In a surprise move, Arab countries decided last week not to push ahead with the text again this year, saying this was to give a better chance for the planned November 21-22 discussions and the 2012 meeting to succeed.   Hosted by IAEA chief Yukiya Amano, the forum in two months' time will focus on the experience of other regions in the world that have banned weapons of mass destruction.   Arab states, Israel and other countries are expected to attend the talks, which are regarded as a way to kick-start a dialogue and help generate some badly needed confidence.   But few expect any substantial progress, with one Vienna-based diplomat saying there was not a " great deal" of optimism.   NEW BEGINNING?   In a statement read by Lebanon's envoy, the Arab group said it had decided not to submit the Israeli resolution this year " for the sake of giving yet another final chance to ongoing international efforts (towards creating a Middle East free of nuclear weapons) as well as a goodwill gesture from us."   An Israeli representative, while condemning " political diatribes" against his country made even though it was " gravely threatened by the alarming proliferation developments" in the Middle East, nevertheless welcomed the Arab move.   " The decision by the Arab group, from whatever motivations and constraints, not to table this year a draft resolution is nonetheless a positive move," David Danieli, deputy director of Israel's atomic energy commission, told the IAEA conference.   " However in order to foster genuine trust and confidence among all regional parties, this must be accompanied next year by withdrawing permanently this politically divisive item from the agenda of the conference."   Earlier on Friday, the IAEA meeting adopted a resolution calling on all countries in the Middle East to join the NPT, without naming any state. Israel and the United States abstained in the vote. The other two countries outside the treaty are India and Pakistan, both with declared nuclear weapons.   Israel has never confirmed or denied having nuclear weapons under a policy of ambiguity to deter numerically superior foes.   Arab states, backed by Iran, say Israel's stance poses a threat to regional peace and stability.   Israel says it would only join the NPT if there is a comprehensive Middle East peace with its longtime Arab and Iranian adversaries. If it signed the 1970 pact, Israel would have to renounce nuclear weaponry.   Glyn Davies, the U.S. ambassador to the IAEA, said he hoped the Arab decision not to table a resolution on Israel this year signalled a new beginning.   " The United States of America believes the time has come to put this issue behind us for the sake of true progress towards our shared goal of a Middle East free of all weapons of mass destruction," Davies told delegates. |
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krisluke
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23-Sep-2011 21:41
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Growth in Mideast, North Africa to slow: IMF
Egyptian protesters chant pro-Egypt and anti-government slogans in Tahrir square in Cairo
  " The region faces serious policy challenges," the fund said in its most recent world economic outlook. " Beyond securing economic and social stability, shorter term challenges focus on the need to place public finances on a sustainable footing," the report said.   The IMF zeroed in on oil exporters such as Qatar, Iraq and Saudi Arabia, and said their governments needed to capitalize on the high oil prices and move toward sustainable and more diversified economies.   Mass social unrest in countries such as Egypt has impeded tourism and private financing throughout the Middle East and North Africa, the fund said.   Adding to the region's troubles, the IMF said the European debt crisis and weaker growth prospects in the United States could further depress activity, commodity prices and foreign investments.   " Any intensification of the political crises would exacerbate the economic plight of the region," the IMF warned, saying Middle Eastern and North African oil production could be further affected with " ramifications for global energy markets."   The IMF cut its 2011 growth forecast for the Middle East and North Africa to 4 percent from 4.2 percent in June. The fund's growth expectations for the following year was also cut to 3.6 percent from the previous 4.4 percent forecast.   This year's growth among North African and Middle Eastern oil exporters, including Saudi Arabia, Iraq and Qatar, was seen at 4.9 percent. Qatar's 2011 gross domestic product is seen expanding 18.7 percent due to expansion in natural gas exports.   In contrast, the fund forecast growth for oil importers at 1.4 percent. |
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krisluke
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23-Sep-2011 00:02
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Image: AP Photo/Charles Dharapak |
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krisluke
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22-Sep-2011 23:49
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Rick Perry: New York election shows Democrats 'on the ropes'Reporting from Richmond, Va.— Republican presidential candidate Rick Perry declared that the Democratic Party is " on the ropes" after twin losses in House special elections on Tuesday.The Republican victories in New York and Nevada " sent signals that President Obama will be a one-term president," the Texas governor told 1,000 Virginians at a state party fundraising luncheon in Richmond, the state capital. Afterward, Perry took issue with GOP rival Michele Bachmann's suggestion this week that the HPV vaccine can cause mental retardation. Bachmann, who contends that the vaccine may be highly dangerous, drew that link as part of her attack on Perry over his 2007 executive order requiring all sixth-grade girls in Texas to get the vaccine. " I think that was a statement that [had] no truth in and no basis in fact," Perry told reporters. The governor, whose health mandate was overturned by the Texas legislature, said again that he " made a mistake in the way that I took this forward."   He acknowledged that his order had gone too far and said the vaccination policy " should have had an opt-in instead of an opt-out." The GOP front-runner's record on the issue, and his handling of the topic in a televised debate Monday evening, has prompted criticism from several rivals and from social conservatives. Perry, who spoke about his Christian faith Wednesday morning at Liberty University in Lynchburg, Va., was holding fundraising meetings in Virginia on Wednesday afternoon and an evening dinner in New York with Donald Trump. During brief remarks at the state party event, Perry said the GOP's pickup Tuesday of a historically Democratic House seat in New York City is fresh evidence that " the voters are getting the message." The Texas governor, enthusiastically received by the Virginia Republicans at the Greater Richmond Convention Center event, also said Republicans need to choose " a nominee who draws a clear and distinct contrast" with President Obama. Perry said afterward that he presents a clearer contrast with Obama than Mitt Romney, his main rival for the nomination.  Contrasting job growth in Texas with his rival's record in Massachusetts, Perry described Romney's job-creation performance as governor as " substantially less than quality work.  If Americans' big issue is getting back to work, I'm the guy that's got the record of doing that." The Texas governor told reporters the Republican triumph in this week's special elections " tells you that this job-killing, tax-raising, regulatory-burdensome administration is headed down the wrong road." He added: " Another half a trillion dollars of stimulus is not going to do anything except make Americans even stronger in their support of Republicans who want to get America working again." |
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krisluke
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22-Sep-2011 23:44
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Just blocks from U.N., Rick Perry assails Obama on Mideast policy
Reporting from New York— Texas Gov. Rick Perry waded deeper into the Middle East fray Tuesday with a speech blasting the Obama administration's stance on Israel and essentially blaming it for the Palestinians' decision to push for statehood at the United Nations Security Council this week." Simply put, we would not be here today at this very precipice of such a dangerous move if the Obama policy in the Middle East wasn't naïve and arrogant, misguided and dangerous," Perry said in a speech delivered at a Manhattan hotel, where he was flanked by Jewish leaders.   In his comments, which come as Palestinian leaders prepare to push for the United Nations Security Council to recognize it as a state -- thereby leap-frogging over negotiations with Israel to achieve that status -- Perry said Obama's " appeasement toward the Palestinians" had put Israel in a position of weakness and had emboldened Palestinian leaders. In particular, Perry -- to repeated applause from those surrounding him and from an audience heavy on local and international Jewish leaders -- criticized Obama for suggesting that the 1967 borders be the starting point for Israeli-Palestinian negotiations and for demanding a construction freeze on Israeli settlements. The United States has said it will fight the Palestinians' effort at the United Nations, where world leaders are gathered this week for the annual General Assembly, but Perry said this wasn't good enough. " We wouldn't be here today" if the White House had not essentially opened the door to the Palestinian move, he said. In a broad speech on Mideast policy earlier this year, and a subsequent speech to pro-Israel lobby AIPAC, Obama made clear that he's not talking about a return to the 1967 lines. He mentioned " mutually agreed land swaps" which would take into account the new realities on the ground. Notable in Perry's comments was wording that showed him either better informed, or better prepared, than when he spoke to Time magazine earlier this month. In that interview, he appeared to be out of step with the details of the 1993 Oslo accords when he demanded that Palestinian leaders recognize Israel's right to exist, and renounce violence. They did that in the 1993 accords. On Tuesday, Perry emphasized that the Palestinians must recognize Israel's right to exist, " and to exist as a Jewish state," an important addition lacking in his magazine comments. He also called on Palestinian leader Mahmoud Abbas to persuade all factions, including Hamas, to renounce violence rather than simply repeating his magazine comments in which he demanded the Palestinians renounce violence – something they did in the Oslo accords. Perry didn't limit his comments to Israel and the Palestinians. He went on to denounce the Obama administration's policies toward Iran and Egypt as well, saying it has been " slow to recognize the risks posed by the new regime in Egypt," and had left Israel vulnerable to challenges from across the region. His comments come just a week after voters in New York's 9th Congressional District -- a heavily Democratic area encompassing parts of Brooklyn and Queens, with large Orthodox Jewish constituencies -- stunned Democrats by electing a Republican businessman, Bob Turner, to fill the seat vacated when Anthony Weiner resigned earlier this year in a " sexting" scandal. The outcome was seen as largely a result of anger among normally reliable Democratic voters over Obama's Israeli stance – an issue that former New York mayor Ed Koch turned into the central campaign issue when he crossed party lines to back Turner. Turner was among those invited to Tuesday's event, and he took the microphone briefly after Perry, accusing Obama's administration of vacillating and behaving " at times even hostile toward Israel." " It is not accepted, and it is not acceptable," said Turner, the first Republican in about 90 years to hold the 9th District seat. " If it continues, there will be a very high political price to pay." |
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krisluke
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22-Sep-2011 23:39
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New Republic: How Ron Paul Lost His DistrictEric Thayer/Getty Images
September 22, 2011
Abby Rapoport covers politics and education for The Texas Observer. Read More Opinions On Ron PaulWeekly Standard: How Far Can Ron Paul Go? Sept. 22, 2011
Ron Paul doesn't like Rick Perry. And if Thursday's debate is anything like the last two, you'll hear about it tonight. At the first GOP debate to feature Perry, Paul pointed to the governor's past as a Democrat and cited his support for Clinton-era efforts at healthcare reform. In an ad earlier this month, Paul's campaign dredged up Perry's 1988 support for Al Gore. " America must decide who to trust," a voice in the ad proclaims, " Al Gore's Texas cheerleader or the one who stood with Reagan." And in an open letter to Perry, Paul's campaign chair spelled out the line of criticism once more: " We don't think the fact that you used to be a Democrat is the big problem here. The real problem is that, too often, you still act like one." For all Paul's efforts, however, the criticism just hasn't stuck. Indeed, if anything, Perry has garnered attention, both negative and positive, for the ways in which his criticisms of Medicare and Social Security—stated most clearly in his 2010 book Fed Up!—mirror those of his cranky rival from the right. And, in an ironic twist of fate, while Perry is reaping the benefits of such radical stances, Paul, their longtime proponent, is struggling to stay relevant. Despite his third place standing in most polls, Paul gets hardly any media attention. He has almost no friends in the GOP establishment. And when he ends his quixotic presidential bid, he plans to retire from Congress rather than run in his newly redrawn district, which state GOP legislators recently made much more difficult for him to hold onto. As Jason Stanford, a longtime Democratic campaign consultant in the state, puts it: " The paradox of Ron Paul is that he's never been more influential or less popular in Texas." What happened? Throughout his tenure as a Texas congressman, Paul has enjoyed strong reelection rates in his rural district near Houston. He ran uncontested in 2008 and won overwhelmingly in 2010, with over 76 percent of the vote. In his home county, his popularity always tended to be more parochial than ideological. According to Brazoria County's GOP Chair, Yvonne Dewey, many local Paul voters support the congressmen not because they agree with his views, but because " he's a nice guy and they know him." " He's been here since 1960-something," she explains. Moreover, in his district, Paul is famous not just for his stance on the Fed but for literally delivering many of his constituents. " At one time he was the only ob-gyn here in southern Brazoria County and he was delivering all the babies!" exclaims Brazoria County local Bruce Bolock, who lives two blocks from Paul and helped organize a Meet Up group around the congressman that's been going strong for years. (Bolock also relies on Paul for investment advice: " He's been advising people to invest in gold for many, many years," explains Bolock. " That is a key to surviving what's going on in this country." ) Yet Paul's local popularity never translated into widespread enthusiasm among his constituents for his presidential bids—and, in fact, such national grandstanding may even have dampened local enthusiasm for the congressman. His 2008 run brought Paul a national reputation and newfound media attention, but in Texas, he received a paltry 66,000 votes of over 1.4 million cast in the GOP primary. Not even his own district backed him—he only garnered 15 percent from Brazoria County. Though Brazoria County GOP chair Dewey does not take positions in primaries, she hardly sounded glowing when I asked about Paul's poor showing. " He's always admitted that he's a libertarian," she offers. Indeed, once Paul began courting a national audience, his fissures with the party began to rub people the wrong way. For years, Paul had a rather comfortable routine as a gadfly. One Texas GOP consultant describes him as a " populist" who never bothered to make friends among the Republican elite. The congressman claims he's never even met Perry, even while both have been in office over a decade. In the meantime, Paul has hardly been shy about criticizing mainstream Republican priorities in areas from domestic spending, to war, to support for Israel. " A lot of establishment Republicans really don't like him," says Alan Abramowitz, a political science professor at Emory University and an elections expert. " He's viewed as very flakey." It didn't come as a huge surprise, then, that when redistricting time rolled around in the 2011 Texas legislative session, the enmity Paul had generated through his national politicking had put him at risk in that dangerous game of musical chairs. Paul didn't exactly help himself during the process, and even those generally supportive of his efforts took note. " You see other congressmen walking the halls during redistricting," said Jordan Berry, a Texas Republican consultant with several Tea Party clients. " You don't see that from Ron Paul." By the time the new congressional maps were drawn, Paul no longer had an easy-win district. But just as his party moved quickly to leave him without his constituents, Paul's GOP competitors began sounding more and more like the congressman. " While we weren't watching," says Democratic consultant Stanford, " everyone became like Ron Paul over there on the Republican side." That may be an exaggeration—on issues like foreign policy and the decriminalization of drugs, Paul remains on the fringe. Still, adopting the congressman's longstanding criticisms of New Deal and Great Society-era entitlement programs has become almost imperative for many of the other GOP candidates. And such opposition has become closely identified with Perry's rising star, even as Paul faces the prospect of returning home from Washington to his house in Brazoria County—this time for good. |
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krisluke
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22-Sep-2011 23:28
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Why I would vote for Mitt Romney Instead of ObamaBoyd Cohen, Ph.D., CEO, CO2 IMPACT I grew up in a conservative family. However most of my adult life I have leaned to the left, despite all my business training and capitalist tendencies.  I now live in Canada (Vancouver), but I of course continue to pay attention to developments in my native homeland. And naturally with my interest in promoting climate capitalism, I have been particularly attuned to the lack of progress towards embracing a low-carbon economy in the U.S.  I am watching the world pass us by (Canada is along for the ride since its stated policy is to follow whatever the U.S. does, which is currently next to nothing) in its adoption of renewables, promotion of energy efficiency, innovations in public transit and much more. In the last Presidential election in the U.S., I predictably voted for Obama because I did want change in the U.S. on a range of issues, not the least of which is climate change.  When Obama came into office, I believed he was sincere about wishing to bring the U.S. more in line with Europe and that he recognized the economic benefits for transitioning the U.S. to a low-carbon future.  Honestly I think he still does believe all that but he has fallen WAY short on achieving U.S. commitment to a global treaty or binding targets on GHG emissions. So I know this comes as a shock to some of my climate-capitalist leaning colleagues, but if an election was held today for the next President of the U.S., I would actually vote for Mitt Romney instead of Obama, assuming that Mitt actually wins the Republican nomination. Why?  Obama has become a polarizing figure in American politics and despite promises to the contrary has failed to eradicate the bi-partisan behavior in Congress.  Climate change, health care, debt reduction, reform of financial markets, etc. have all been divisive issues and in almost 100% of the time, have led to votes completely down party lines. What we need in the U.S. is to have a President who is capable of mending some fences and enabling more bi-partisan support for issues that matter.  I feel that as long as President Obama is in office, we may never get movement on some of the issues that matter most to me, like climate change. Mitt Romney on the other hand is a conservative who recently reaffirmed that he actually accepts that climate change is a reality and is something we must tackle.  “I believe the world is getting warmer, and I believe that humans have contributed to that. It’s important for us to reduce our emissions of pollutants and greenhouse gases that may be significant contributors.” I know this statement and Romney’s track record on climate change is not going to blow away climate scientists and those concerned about one of the biggest challenges our world has faced since humans have lived on it.  But a legitimate, credible, respectable CONSERVATIVE Republican presidential candidate who is not towing the party line of denial is beyond refreshing. Republicans who were once outspoken supporters of action on climate change have gone silent, or worse become critics of climate legislation. The most shocking example was when Senator Lindsey Graham (R-SC) went from co-writing climate legislation to voting against his own legislation as he realized his stance was unpopular with the majority of his party. There is still much to be seen on whether Romney will stay true to his word as the race for Republican nominee heats up because his stance on climate change is not popular in the Republican Party.  And as Climate Progress points out, Romney has a history of flip-flopping on issues, most recently on health care. But if Romney can stay firm on the issue throughout the runup, and win the nomination, I would be inclined to vote for him.  I believe most of us concerned about climate change, at this point, would take any federal action on climate change as a baby step in the right direction. Putting a price on carbon, a carbon tax, cap and trade, binding GHG targets, or heck at this point a stated recognition that the climate science is valid would all be achievements compared to where we are now. While I believe Obama is polarizing, I am hopeful that if Romney were President he could get some kind of agreement with the Democratic party and hopefully turn some Republicans who deep down are also smart enough to know that climate change is real and is already having impacts on their constituents (think the recent flooding in the Midwest and Southeast). I hope Romney sticks to his guns on the topic of climate change and finds arguments, like climate capitalism (i.e. economic and job growth can be obtained by embracing the low-carbon economy), that will appeal to the right (and the left) in order to unite congress, and the American public, in becoming part of the solution rather than continuing to be a Fossil of the decade alongside its Canadian puppet. *** Boyd Cohen is the CEO of CO2 IMPACT, a carbon origination company based in Vancouver, Canada and Bogota, Colombia. Boyd is also the co-author of Climate Capitalism: Capitalism in the Age of Climate Change.
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krisluke
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22-Sep-2011 23:23
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MasterNg9999
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22-Sep-2011 23:19
Yells: "Isnt Human center of the universe???" |
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HOW COME NO RON PAUL ???? scare he shut down Fed eh?? Cheer
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krisluke
Supreme |
22-Sep-2011 23:17
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krisluke
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22-Sep-2011 23:14
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September 22, 2011
More Voters Considering Romney Than Obama, PerrySixty-two percent would definitely vote for Romney or consider doing soPRINCETON, NJ -- More registered voters say they would definitely vote for Mitt Romney or might consider doing so (62%) than say the same about his two main rivals in the 2012 presidential election, Democrat Barack Obama (54%) and Republican Rick Perry (53%).
Though Romney currently receives the highest level of consideration among voters, more say they would " definitely vote for" Obama (33%) than say this about either Romney (21%) or Perry (20%). That may reflect the virtual certainty that Obama will be the Democratic candidate for president, while Republicans' loyalties are divided between their two leading contenders. That dynamic is apparent in the higher percentage of Democratic registered voters who say they definitely would vote for Obama (70%) than of Republican registered voters who would definitely vote for either of the main Republican contenders (41% for Perry and 44% for Romney). Once the Republican nominee is decided, the percentage of Republicans who say they would definitely vote for that candidate should increase significantly.
Survey Methods
Results for this USA Today/Gallup poll are based on telephone interviews conducted Sept. 15-18, 2011, with a random sample of 889 registered voters, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of registered voters, one can say with 95% confidence that the maximum margin of sampling error is ±4 percentage points. Interviews are conducted with respondents on landline telephones and cellular phones, with interviews conducted in Spanish for respondents who are primarily Spanish-speaking. Each sample includes a minimum quota of 400 cell phone respondents and 600 landline respondents per 1,000 national adults, with additional minimum quotas among landline respondents by region. Landline telephone numbers are chosen at random among listed telephone numbers. Cell phone numbers are selected using random-digit-dial methods. Landline respondents are chosen at random within each household on the basis of which member had the most recent birthday. Samples are weighted by gender, age, race, Hispanic ethnicity, education, region, adults in the household, and phone status (cell phone only/landline only/both, cell phone mostly, and having an unlisted landline number). Demographic weighting targets are based on the March 2010 Current Population Survey figures for the aged 18 and older non-institutionalized population living in U.S. telephone households. All reported margins of sampling error include the computed design effects for weighting and sample design. In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls. View methodology, full question results, and trend data. For more details on Gallup's polling methodology, visit www.gallup.com. |
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krisluke
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22-Sep-2011 23:12
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krisluke
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22-Sep-2011 23:08
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krisluke
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22-Sep-2011 23:05
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U.S. House unexpectedly defeats spending bill
US President Obama receives a standing ovation as he addresses a Joint Session of Congress on Capitol Hill in Washington
  WASHINGTON (Reuters) - The U.S. House of Representatives unexpectedly defeated a bill that would fund the federal government past September 30 on Wednesday as dozens of Republicans broke with their party to push for deeper spending cuts.   The unexpected outcome was an embarrassment for House Republican leaders who have at times struggled to rein in a conservative wing that remains closely allied with the anti-spending Tea Party movement.   " This is a democracy. This is the sausage factory," said Appropriations Committee Chairman Hal Rogers, who sponsored the bill.   The vote could further rattle consumers and investors who have been unnerved by the high-stakes budget battle that has played out in Washington this year. Congress pushed the government to the brink of a shutdown in April and the edge of default in August.   Republican leaders said they would figure out a way to pass the spending bill and avoid disrupting everything from national parks to scientific research.   " There is not going to be a shutdown. Everybody needs to relax," said Representative Eric Cantor, the No. 2 House Republican, as he emerged from a meeting with other top Republicans after the vote.   Later in the evening, a panel approved a measure that would allow the House to quickly reschedule another vote. But it was not clear how the substance of the bill might be changed.   The bill would have funded the government at an annual rate of $1.043 trillion (673.5 billion pounds), in line with a bipartisan agreement reached in August. Many conservatives want to stick with the lower figure of $1.019 trillion that the House approved in April.   The measure failed by a vote of 195 to 230, with 48 of the chamber's most conservative Republicans joining Democrats in opposition.   The vote demonstrated the continued reluctance of Tea Party conservatives to compromise on spending issues, even as the public grows weary of repeated confrontation on Capitol Hill.   NO HELP FROM DEMOCRATS   Republican leaders have suffered a similar number of defections on other high-profile budget bills this year. Democrats had helped them reach a majority on those occasions, but only six backed this bill.   Democrats objected to a $1.5 billion cut to an electric vehicle loan program, which Republicans included to offset the cost of increased disaster aid.   Republicans might remove that cut to pick up Democratic support, an aide said -- an action that could further alienate conservatives.   That would be a big victory for Democrats, who want to double the amount of disaster aid in the bill and ensure that it is not paired with further spending cuts.   " At the bottom line, the disaster victims have to be treated far more fairly than they did today," said Democratic Senator Charles Schumer.   Facing rock-bottom approval ratings, lawmakers from both parties are eager to show voters that they can act quickly to approve aid for victims of floods, tornadoes and other disasters in one of the most extreme years for weather in U.S. history.   The Federal Emergency Management Agency has requested $5.1 billion to replenish its disaster fund, which could dry up entirely next week. FEMA has has already suspended rebuilding efforts across the country. |
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krisluke
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22-Sep-2011 23:04
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Wall St tumbles as recession fears hit
* Data shows Chines and German economies losing steam
  * Banks tumble Citi, Morgan Stanley hit new 52-week low   * CBOE Volatility Index jumps more than 10 pct over 40   * Stocks down: Dow 3.2 pct, S& P 3.3 pct, Nasdaq 3.2 pct (Updates to early morning)   By Angela Moon   NEW YORK, Sept 22 (Reuters) - U.S. stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data China heightened fears about a global recession.   Big banks were the top decliners, a day after Moody's lowered debt ratings for large lenders.   Shares of Citigroup Inc and Morgan Stanley hit a 52-week low at the market's open. Citigroup fell more than 4 percent to $24.25 and Morgan Stanley dipped more than 6 percent to $12.99.   The Select Sector Financial Sector SPDR funds was off more than 3 percent, also a 52-week low.   " A lot of people were hoping for the Fed to say we are close to recession but not really in it and were expecting an aggressive action out of the Fed. The market didn't get this," said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.   The market's mood has turned decidedly negative since the Fed statement on Wednesday, which detailed additional stimulus measures but also focused on the weak economy.   Investors are taking a more pessimistic view, and they question the ability of euro zone governments to control the sovereign debt crisis and reverse sluggish growth.   The Dow Jones industrial average fell 355.86 points, or 3.20 percent, at 10,768.98. The Standard & Poor's 500 Index was down 38.51 points, or 3.30 percent, at 1,128.25. The Nasdaq Composite Index was down 79.97 points, or 3.15 percent, at 2,458.22.   FedEx Corp shares fell 10.4 percent to $64.93 after the world's No. 2 package delivery company reported higher quarterly profit that slightly beat forecasts but pared its outlook for a full year, citing fuel prices and moderate global economic growth.   In the latest economic data, Americans filed fewer new claims for jobless benefits last week, but the decline was not enough to dispel worries the economy was close to falling back into a recession.   The Fed announced a program Wednesday to sell $400 billion of short-term Treasury bonds and buy the same amount of longer-term U.S. government debt in a bid to lower long-term borrowing costs and bolster the housing market.   But investors were more focused on the Fed's wording that there were " significant" risks to the economy. and   Elsewhere, data showed China's manufacturing sector contracted for a third straight month in September. The world's second-biggest economy is vulnerable to fading demand from the United States and Europe, its biggest export markets. (Reporting by Angela Moon Editing by Kenneth Barry) |
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krisluke
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22-Sep-2011 22:51
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Samsung starts new chip line may squeeze rivals22 Sep 2011 12:09
SEOUL - Samsung Electronics, the world's No. 1 memory chip maker, said on Thursday it had started operations at a new memory chip line, a move that may further exacerbate semiconductor oversupply and hit smaller rivals. The South Korean firm said the new line was the industry's largest and most advanced memory fabrication facility, producing chips with 20-nanometre class processing technology, which improves manufacturing costs by some 50 per cent. Lower line-widths processing technology allows more circuits on a chip, making them smaller, cheaper, more powerful and more energy efficient. The new line comes as computer memory prices have fallen more than 30 per cent over the past three months to below production costs due to faltering demand from computer makers. Global shipments of computers are projected to grow only a low-to-mid single digit percent this year as consumers switch to more popular tablets and smartphones. Samsung competes with local rival Hynix Semiconductor Inc, Japan's Elpida Memory Inc and Taiwan's Powerchip . Smaller rivals are struggling with worsening profitability and bracing for a tough outlook as weak demand and falling prices force them to delay capital-intensive facility upgrades. Elpida said last week it was considering shifting some production to Taiwan to cope with a currency near record highs and to survive in a dwindling market. Samsung invested 12 trillion won (US$10.4 billion) in construction of the new facility in Hwaseong, south of Seoul, since it started construction in May last year. Samsung said it would also boost production of NAND-type flash memory chips to meet market demand. -- REUTERS |
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krisluke
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22-Sep-2011 22:44
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Pivot: 2800 Our preference: Short positions below 2800 with targets @ 2650 & 2570 in extension. Alternative scenario: Above 2800 look for further upside with 2865 & 2930 as targets. Comment: the RSI is below its neutrality area at 50% Key levels 2930 2865 2800 2719 last 2650 2570 2400 |
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krisluke
Supreme |
21-Sep-2011 23:33
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