Tag Archives: President Obama

John Kerry Confirmed As Secretary of State

Photo Credit: www.bostonglobe.com

John Kerry was confirmed as the 68th secretary of state by his colleagues in the U.S. Senate on Jan. 29.

The vote was 94-3, with only Republican Senators John Cornyn, Ted Cruz and James Inhofe voted no.  Kerry had voted present on his nomination.

Earlier in the day he had received the nod of the Senate Foreign Relations Committee and the panel approved his nomination unanimously.

President Barack Obama nominated Kerry in December and he will succeed outgoing Secretary of State Hillary Clinton as the country’s top diplomat.

Kerry is the longtime senator from Massachusetts and was the 2004 Democratic presidential nominee.  He has served in the U.S. Senate since 1984.

Hillary Clinton Released From Hospital

Photo Credit: www.washingtonpost.com

Secretary of State Hillary Clinton has been discharged from the hospital after checking in for treatment of a blood clot in a vein in her head.

Clinton had checked in at New York Presbyterian/Columbia Hospital in Manhattan on Dec. 30, and was discharged on Jan. 2.

The blood clot, which was found in a space between her brain and skull behind the right ear, was discovered during an exam related to a concussion the secretary, 65, had sustained in January.

Clinton’s series of health setbacks had prevented her from appearing at a Congress probe about the State Department’s handling of the fatal attack on an American mission in Libya and attending President Obama’s announcement that Senator John Kerry is his pick to serve as her successor when she eventually steps down from her cabinet post.

President Barack Obama Named Time’s Person of the Year

Photo Credit: www. businessinsider.com

President Barack Obama has been named Time’s Person of the Year again.

Obama, 51, was also honored in 2008, after he won the election and became the nation’s first African-American President.

The magazine says the President was chosen “[for] finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union.”

They also state that “He will take the oath on Jan. 20 as the first Democrat in more than 75 years to get a majority of the popular vote twice.  Only five other Presidents have done that in all of U.S. history.”

Other’s who were considered for the title included Malala Yousafzai, the Pakistani teenager who was shot and nearly killed by Taliban insurgents for defending women’s rights, Apple CEO Tim Cook, Egyptian President Mohamed Morsi, and Fabiola Gianotti, one of the lead researchers working on the discovering of the Higgs Boson.

6.6 Million Young Adults Joined Parents’ Insurance

Photo Credit: shockmd.com

Since President Obama’s health care reform bill passed in 2010, nearly 6.6 million people in the U.S. have joined their parents’ health insurance, according to the non-profit health researcher Commonwealth Fund. About 13.7 million young adults are covered under their parents overall.

Obama’s bill allowed anyone under the age of 26 to be covered under his or her parents’ insurance. Previously, young adults, or anyone who is 19-25, had the highest uninsured rate in the country.

Most of the young adults were not covered because they had already graduated college and did not have any health insurance. Students are usually allowed to stay on their parents’ health insurance through their schooling with most insurance plans.

The report, which was released Friday, also said that many other problems still remained for this group of people, including medical bills and debt. 36% of people aged 19-29 still had massive amounts of debt and bills despite their coverage.

The Commonwealth Fund found that young people have the highest rate of visits to the emergency room, even above elderly people and young children. This group is also more likely to have HIV or HPV when seeking treatment in the ER.

Further Investigation to Come for Secret Service Prostitution Scandal

Photo Credit: www.abcnews.go.com

Twelve Secret Service employees and eleven military members are said to be involved in the prostitution scandal that erupted last week in Cartagena, Colombia. The major incident took place before President Obama arrived to participate in a meeting of regional presidents last weekend.

So far, six of the Secret Service members have been fired, one has been cleared, and five have been placed on administrative leave.

One of the twelve Secret Service members was said to be staying at a different hotel from the rest, and, specifically, at the Hilton where Obama would be staying. This member is under scrutiny for a separate event that took place on April 9th, although it is unclear as to what the charges against him pertain to.

Sen. Joe Lieberman assured Fox News that there is “no evidence that information was compromised.” He continued to say that the individuals involved in the scandal “were not acting like Secret Service agents” but “were acting like a bunch of college students away on a spring student weekend.”

David Axelord, an Obama campaign adviser, acknowledged the seriousness of the alleged events. However, he also added that the quality of the service’s work must not be dismissed solely due to such events. “This is quite disturbing. We have to get to the bottom of this, and I’m sure we will,” he further stated to NBC.

Sen. Susan Collins of Maine suggested that enlisting more female Secret Service members may prevent such events from unfolding again the future.

Rep. Peter King, head of the House Homeland Security Committee, stated that “every possible lead is being examined.” More firings are expected to take place soon.

Obama Publicly Discloses Tax Returns, Asks to Pay More

Photo Credit: www.tsminteractive.com

In an effort to get across his ideology on the national tax system, President Obama released his 2011 federal tax returns late last week. In the published documents, it is shown that the Obamas paid 20.5% in taxes on a total income of $789,674. 

In such light, Obama continues to advocate for higher taxation policies for the wealthiest Americans. He is also persistent in doing away with laws that have allowed millionaires to pay lower taxes. Such include laws President George W. Bush implemented that limited taxes on capital gains and investment retuns to 15%.

Obama further cited Warren Buffet’s statement that he paid lower rate taxes than his secretary. The President has thus proposed the “Buffett Rule”, which would require families earning $2 million to pay 30% in taxes.

Republicans have countered this by stating that such a law would not have applied to Obama this year. Also, they reasoned that individuals like Obama could “pay extra tax voluntarily”.

In the meantime, representatives from the Obama campaign have publicly scrutinized Romney for not having disclosed his federal tax returns yet. However, a spokesperson for the presumptive Republican presidential nominee assured he will do so “prior to the election”.

Geithner Criticizes Romney’s Claims on Women and Job Losses

Photo Credit: www.laist.com

Treasury Secretary Timothy Geithner has fought back claims by Romney that women were more severely affected by job losses during the recession. Geithner has recognized this as an attempt on Romney’s part to draw in more female voters.

During a speech earlier this week, Romney cited that 92.3% of all jobs lost during the Obama administration belonged to women. The Treasury Secretary struck back by stating, that during the early recession, job losses were greater for men. This pertains to the time period when the manufacturing and construction industries were first dealt blows by the increasingly failing economy.

Many argue that Republicans are trying to pin the idea of a “war on women” on Democrats. According to the Republican Party, Democrats are implementing economic policies that are not beneficial for women.

Andrea Saul, a spokesperson for Romney, stated that women filled only one eighth of the jobs created during Obama’s administration. She further said, “The president should stop making excuses for his failures; he is entitled to his own spin but not his own facts.”

During an interview with George Stephanopoulos, Geithner dismissed other parties’ actions by quoting Mario Cuomo (former New York Governor), “You’re going to see a lot of politicians choose to campaign in fiction, but we have to govern in fact.”

Iowa Senator Chuck Grassley Calls President “Stupid” on Twitter

Teenager Sentenced to Life in Prison

Photo Credit: www.newsone.com

Shawn Tyson, 17, was sentenced to life in prison without parole in Sarasota, Florida after killing two British tourists on April 16, 2011. Because Tyson is still a minor, he is not eligible to receive the death penalty.

The two victims, James Cooper and James Kouzaris, were vacationing in Florida when Tyson robbed the men after they left a nearby bar. Tyson then proceeded to shoot and kill the pair. After the murders, Tyson reportedly bragged to his friends about the crime.

The jury for the case, which consisted of eight women and four men, only deliberated for two hours before convicting Tyson with both first-degree murder charges.

Both families and friends of Cooper and Kouzaris have reached out to President Obama about the murders, but have received no response in return.

To read more about the sentencing, click here.

President Obama Discusses Economic Strategy

options trading risk