Thursday, September 30, 2010

us stock futures rose Jobless Claims Boost Economic Optimism

U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will build on its best September rally since 1939, after government data showed the economy grew more than estimated in the second quarter and jobless claims decreased more than forecast last week.

Wabash National Corp. rose 3.5 percent as Morgan Stanley initiated coverage of the stock with an “overweight” rating. American International Group Inc. gained 11 percent after selling its Japanese subsidiaries to Prudential Financial Inc.

S&P 500 futures expiring in December climbed 0.6 percent to 1,147.3 at 9:12 a.m. in New York, wiping out earlier losses as the Irish government said it will cost as much as 50 billion euros ($68.27 billion) to bail out its banking system. Dow Jones Industrial Average futures advanced 55 points, or 0.5 percent, to 10,835.

“It shows an economy that’s continuing to improve at a very gradual rate,” said Thomas Wilson, managing director of the institutional investments and private client group at Brinker Capital, which manages about $9 billion from Berwyn, Pennsylvania. “Things are ever so slightly better from the employment standpoint, but it’s not big enough yet to start moving the needle.”

The U.S. economy grew at a 1.7 percent annual rate in the second quarter, faster than the 1.6 percent previously estimated. Initial jobless claims decreased by 16,000 to 453,000 in the week ended Sept. 25, lower than the median forecast of economists surveyed by Bloomberg News.

The S&P 500 lost 0.3 percent to 1,144.73 yesterday. The gauge, which is up 2.7 percent so far this year, has fallen 6 percent from its peak for 2010 on April 23. The Dow Jones Industrial Average lost 0.2 percent to 10,835.28 yesterday.

Bernanke Speech

Federal Reserve Chairman Ben S. Bernanke will address a Senate Banking Committee hearing today amid speculation that the central bank will buy more debt to support the recovery.

Fed officials have publicly disagreed about the benefits of new monetary stimulus in a sign that Bernanke has yet to secure a consensus on whether to buy more Treasuries.

Policy makers have the tools to act and should respond “vigorously, creatively, thoughtfully and persistently” to a slow recovery, Boston Fed President Eric Rosengren said yesterday in a New York speech. Separately, Philadelphia Fed President Charles Plosser said in New Jersey that the central bank risks its credibility by taking actions, such as additional securities purchases, that may fail to help the labor market.

Wabash National increased 3.5 percent to $8.31 as Morgan Stanley rated the truck-trailer maker as “overweight” in new coverage.

AIG rose 11 percent to $41.50 as the bailed-out U.S. insurer agreed to sell its Japanese units Star Life Insurance and Edison Life Insurance to Prudential Financial for $4.8 billion. Prudential Financial’s shares slid 3.8 percent to $54.41 as the U.S.’s second-largest life insurer said it would raise $1.3 billion through a share sale to help fund the purchase.

GLOBAL MARKETS-Dollar drops as more monetary stimulus seen

NEW YORK, Sept 29 (Reuters) - Rising expectations central banks will step up monetary stimulus to support fragile economies drove the dollar to a five-month low against the euro on Wednesday and fed profit taking in stocks.

Investors trimmed their U.S. and European equity positions while an uncertain economic outlook kept commodity prices from rallying too strongly despite the benefit they often get from a sagging U.S. dollar.

Spot gold XAU= did edge up to fresh record high of $1,313.20 and silver XAG= set its best level in 30 years. Oil made only a modest gain on the day.

"We obviously have a negative combination for the U.S. dollar, and the Fed opening the door for potential easing has just stoked fears of dollar weakness and currency debasement generally," said Camilla Sutton, chief currency strategist at Scotia Capital in Toronto.

Wednesday's contrasting reports of Chinese [ID:nTOE68S046] and European [ID:nLDE68S0LU] economic and business sentiment advancing this month added to pressure on the greenback.

There is mounting speculation the U.S. Federal Reserve may engage in quantitative easing -- a process of buying up bonds and other assets to put fresh cash into the economy rather than through lower borrowing costs -- sooner rather than later.

Last week, the Fed said it was prepared to do just that if it were necessary to stimulate the recovery and avoid deflation. The Fed's benchmark interest rate is already at zero to 0.25 percent, leaving no room to stimulate through conventional measures.

In midday U.S. trade, the Dow Jones industrial average .DJI fell 45.45 points, or 0.42 percent, at 10,812.69. The Nasdaq Composite Index .IXIC dropped 9.69 points, or 0.41 percent, at 2,369.90.

The Standard & Poor's 500 Index .SPX lost 5.52 points, or 0.48 percent, at 1,142.18. However, for the month the index is up nearly 9 percent, its best monthly performance since May 2009 and before that the best showing since March 2000.

Hewlett-Packard Co (HPQ.N) rose 1.4 percent to $42.25 after the computer and printer maker forecast 2011 profits above estimates. For details, see [ID:nN28273797]

Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co in San Francisco, said the market was technically overextended, but a recent pattern of buying on dips could re-emerge as fund managers "window dress" their portfolios.

European shares gave up earlier gains after the U.S. market opened weaker.

The FTSEurofirst 300 .FTEU3 index of top European shares was down 0.61 percent at 1070.77. Weaker retail shares after disappointing figures from Swedish fashion group Hennes & Mauritz (HMb.ST), the world's third largest clothing retailer, proved a drag on the index.


Monday, September 27, 2010

FEMA offering reimbursements in Brockton area for Hurricane Earl preparations

Even though Hurricane Earl swept through the region with barely a gust, the federal government is offering partial reimbursement to communities that spent money preparing for the potential emergency.

The Federal Emergency Management Agency will offer reimbursements of up to 75 percent because of the presidential emergency declaration that was in place when the hurricane was predicted to hit, said Peter Judge, a spokesman for the Massachusetts Emergency Management Agency.

Judge said the reimbursement will not apply to individual citizens but rather local governments, hospitals and colleges.

“It’s a way to get some money back,” Judge said. “These days, communities can use anything they can get.”

In Hanson, for example, Fire Chief Jerome A. Thompson Jr. said the department spent about $3,400 in hurricane preparations, including extra firefighters on duty.

“If indeed we did get hit, I felt we were really prepared,” he said.

Middleboro Fire Chief Lance Benjamino spent less – about $1,100, with expenses including staffing the south Middleboro fire station in case high winds felled trees and blocked roads.

Benjamino said he tracked the storm and saw that it was weakening rapidly on its approach to Massachusetts.

Bridgewater Fire Chief George W. Rogers said he spent a a few thousand dollars in preparation and will file for a reimbursement.

Bridgewater State University Police Chief David H. Tillinghast said his expenses were under the $1,000 benchmark and he will not be filing for a reimbursement.

Briefs for the reimbursement process will be held at 10 a.m. Tuesday at the Plymouth Public Library, 132 South St., and at 2 p.m. in Bridgewater at the MEMA Region II headquarters on Administration Road, off Titicut Street.


FEMA officials arrive in Minnesota to begin flood damage assessment

St. Paul, MN —The Minnesota Department of Public Safety Division of Homeland Security Emergency Management (HSEM) will meet with local and federal officials to begin preliminary damage assessments (PDA) in 35 Minnesota counties.

FEMA officials are in Minnesota and assessments should begin today (Monday, Sept. 27).

Gov. Tim Pawlenty on Friday directed HSEM to request FEMA conduct damage assessments for public assistance in 35 counties and individual assistance in nine counties. Individual assistance PDAs begin today and continue throughout the week in Blue Earth, Dodge, Faribault, Martin, Olmstead, Rice, Steele, Wabasha and Waseca counties.

Even as damage assessments begin, several areas continue to fight the flood.

• In Goodhue County, officials are keeping an eye on the Byllesby Dam.

• Highway 169 remains closed from Mankato to Henderson. For a complete list of road closures, visit the Minnesota Department of Transportation website at www.511mn.org.

• Preparations are underway in Scott and Carver counties as the Minnesota River continues to rise.

• St. Paul and Hastings are making plans to hold back high river levels (expected late this week) on the Mississippi.

President on longer school year, holding teachers accountable

Obama: Money without reform won’t fix school system

President on longer school year, holding teachers accountable


  1. ning of: Obama on education, children’s futures

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    >>> from nbc, this is education nation. an interview with president barack obama live from the white house . here's matt lauer .

    >> and good morning, everyone. i'm matt lauer live at the white house on this monday morning, kicking off a week long initiative here on nbc universal , we're calling education nation and i thank you for watching on all the different networks of nbc universal . it's important that we give our kids a good education and yet it seems very difficult to plich. a recent poll found that 67% of you feel that the education system in this country right now is in crisis. the most important question of course is can we fix it. i'm joined now by the president of the united states barack obama , mr. president, thank you for your time.

    >> thank you for being this program, there's nothing more important than the issue we're talking about today.

    >> a third of our opportunities in this country continue graduate. a third aren't college ready when they get their high school diploma and 35 percent of 12th graders are proficient in reading. how did it happen?

    >> it's been a long time coming. historically, when we first set up the public school systems across the country, we were leaps and bounds ahead of the vast majority of the countries around the world, that's not true anymore. they're surpassing us in math and science. it ahappened over decades. but part of the challenge is to understand that how well we do economically, whether jobs are created here, high end jobs that support families and support the future of the american people is going to depend on whether or not we can do something about these schools.

    >> when it comes to crisis in education , it's not just a money thing, but it's a money thing. can we spend our way out of it?

    >> we can't spend our way out of it. when you look at the statistics, our per pupil spending has gone up in the last few years. ev they don't have up to date textbooks, they don't have computers in the classroom. so those who say money makes no difference are wrong, on the other hand, money without reform will not fix the problem. what we have got to do is combine a very vigorous reform agenda that increases standards, helps make sure that we have got the best possible teachers inside the classroom, make sure we're clearing away some of the democratic underbrush that's keeping kids are learning.

    >> one of the ways you want to accomplish that is with your initiative called race to the top . states will compete for money that goes into their education system at the state level if they bring about reform in their communities. while some are applauding it, some have criticized it because it's a competition, it's kind of a march madness surrounding this money when we should be funding all the states .

    >> the federal government provides assistance to all states under a formula system, especially to help poorer school districts so they can buy supplies, make sure they can hire supplemental reading instructors and so forth. so that hasn't changed. but that money because it was in a formula, everybody was getting it no matter what you did, wasn't really a catalyst for reform . so what we said is let's set aside a small portion about $4 billion and let's say you've got to compete for this and you've got to compete around things that reformers know make a difference. high standards , accountability, really training teachers effectively, making sure low performing schools are being boosted up. 34 states already have changed their laws, where previously all that stuff that was stuck in state legislators , now suddenly they're starting to make changes. it's probably the most powerful reform in a century.

    >> why $4 billion sounds like a lot, but it is a fraction, why not make more federal funding dependent on the kind of reforms you just talked about.

    >> what we want to do is make sure that we're still helping poor school districts that just don't have enough money. but it turns out that $4 billion, although a small fraction of the money that we spend on school is enough to get people's attention. i'm not going to lie to you, there's going to be resistance as we move forward, a lot of members of congress say to themselves, if my state loses the competition, i don't feel as good about this, even if i initiated reforms.

    >> how do the kids feel if their state didn't compete as well as another state , they're out of luck.

    >> that's why we want to make sure that every state is getting help from the federal government . there's no state that can't win this thing is because all they have to do is say we're going to take seriously those things like making sure you've got a terrific teacher in each classroom and making sure we have got high standards and accountability, every state can accomplish that it's just getting through the resistance that often times builds up in these states .

    >> there are some good and great teachers in this country, there are also some mediocre and poor teachers in this country. can real reform take place unless you identify those mediocre and poor teachers and remove them? and when i say remove them, i don't mean shuffle them from school to school or put them in a room, i mean fire them.

    >> first of all i think everybody who looked at this said the single most important ingredient inside the classroom is the quality of the teacher and there are some terrific teachers out there. my sister teaches and when you hear stories about how hard they work when they come home from school , they're still doing lesson plans, often times in tough schools serving as mentors. one of the things i want to do is lift up the teaching profession to honor the way it needs to be honored in our society. and by the way, when i travelled to china for example and i sit down with the mayor of shanghai and he talks about the fact that teaching is considered one of the most prestigious ones and a teacher is getting paid the same as an engineer, that, i think accounts for how well they're doing in terms of boosting their education system . having said that, what is absolutely true is that if we can't identify teachers who are sub par, give them the opportunity to get better, but if they don't get better at a certain point saying these teachers should not be in the classroom, if we don't do that, then we are doing a disservice to our kids and the school system has to be designed not for the adults, it's got to be designed for the children.

    >> there's a new documentary out there right now that's called waiting for superman. they're saying that teachers iss unions are set up to protect their members and protect those mediocre and bad teachers and getting in the way of real reform . is that a fair assessment in your opinion?

    >> here's what is true, oftentimes teachers unions are designed to make sure that their membership are protected against arbitrary firings, i am a strong supporter of a notion that a union can protect its members and help be part of the solution as opposed to part of the problem. what is also true is that sometimes that means they are resistant to change when things aren't working. to their credit, you have had a lot of unions who are now working with states on his reform plans that include things like charter schools , include things like pay for performance and higher standards and accountability for teachers and so we have seen states be able to work with teachers unions to bring about reform as opposed to resist them.

    >> if you could speak to the membership of the two most powerful teachers unions right now and tell them what they must do starting today to be a legitimate partner in reform .

    >> as president i can speak to them and what i have said to them is that we want to work with you, we're not interesting in imposing changes on you because the truth of the matter is that if teachers aren't feeling god about their profession, they're not going to do a good job in the classroom, but you can't defend a status quo in which a third of our kids are dropping out, you can't defend a status quo when you've got schools across the country that are dropout factories where more than half of the kids are dropping out. in those schools you've got to have radical change and radical change is something that's in the interest of the students and ultimately in the interest of teachers. the vast majority of teachers want to do a good job, they didn't go into teaching for the money, they went into teaching because they want to make a difference. we have got to identify teachers who are going well, teachers who are not doing well, we have got to give them the support and the training to do well. and if some teachers aren't doing a good job, they've got to go.

    >> you want to identify the low lowest 5% of schools and turn them over to charter schools . that could double the number of charter schools . are you worried that you would dilute some quality in charter schools ?

    >> charter schools are not a panacea. one of the things when you're looking at school reform , it turns out there are no silver bullets here, reform is hard, it's systematic, it takes time, but we know that there are some charters who have figured out how to do a very good job in the lowest income schools with the kids who are two, three grade levels behind and yet they can achieve 95% graduation rates, boost reading scores and math scores very high. what we have got to do is to look at the success of these schools, find out how do we duplicate them and make sure that we are still holding charter schools accountable the same which we are all the schools. we shouldn't say just because a school is a charter they're an excellent school , because there are some poor performing charters. what i'm interested in and what my secretary of education is interested in is fostering these laboratories of excellence. if we lengthen the school day here, or we give them a little more home work there, or we're setting aside time for personal development for teachers here, or we're building a culture of excellence among kids at that school , that works, once we find out something works, we want to import that into every school not just charter schools .

    >> i think people are going to be talking about a documentary, they talk about the lack of choice that people, you mentioned charter schools in those very bad neighborhoods, the lack of choice that people in our poorest of neighborhoods have, if there's a low performing school and there's a charter school , the number of applicants for the few positions at that charter school can be enormous and so what happens by law is that the kids are put into a lottery and literally and figuratively they future is down to their name being drawn out of a hat.

    >> it's heart breaking and when you see these parents in the film, you are reminded that i don't care what people's income levels are, their stake in their kids, their wanting desperately to make sure their kids are able to succeed is so powerful and it's obviously difficult to watch to see these parent who is know that -- our goal is to make all schools high quality schools, make every classroom one where if a kid is showing up, taking the responsibility seriously, doing what they're supposed to do, they're going to be able to succeed, they're going to be able to read and have high math scores. what we now know is that there are schools that the work even in the toughest circumstances and once we know that, it's inexcusable that we don't make sure that every school is performing at that same level.

    >> we ask parents to give us some e-mail questions. we had bethany who wrote us, one of our biggest concerns in education is that parents are rarely held accountable for their children's education t blame for failing test scores always falls on the teacher. the responsibility of education should be shared by teachers, administrators and parents. why doesn't anyone ever hold parents accountable.

    >> there has not been a speech i have made on education over the last five years in which i haven't said the exact same thing. if the kid's coming home from school and the parents aren't checking to see if they do their home work or watch tv, that's going to be a problem. and that's by the way true here in this white house . malia and sasha are great kids and great students, but if you gave them a choice, they would be happy to sit in front of the tv all night long every night. at some point you have to say, your job right now, kid, is to learn. and i'm going to check with your teachers and i'm going to make sure that you're doing your home work and you're not doing anything else until you've done your home work and that kind of attitude, i think makes a huge difference at every level. one thing i want to point out is that there's no doubt that the schools in the toughest neighborhoods and the poorest neighborhoods are often times the ones that are poorest performing, they are in crisis. but one of the things that everybody needs to understand is that across the board, in middle class suburbs in schools that are considered actually pretty good, you are still seeing a decline in terms of math and science performance and one of the things that we are very excited about because we need to focus on math and science, my administration is announcing that we are going to specifically focus on training 10,000 new math and science teachers, we have got to boost performance in that area. we used to rank at the top, we are now 21st in science, 25th in math. that is a sign of long-term decline that has to be reversed and so we're going to be putting a big emphasis on math and science education and part of that means getting better teachers, but part of it also means parent understanding that their kids need to excel in those subjects in particular.

    >> you're going to make a lot of friends or a lot of enemies here. mr. cohn's sixth grade class in cincinnati, president obama , we understand there are discussions regarding the idea of attending school year round, do you think we should attend school year round? if so why?

    >> we now have our kids go to school about a month less than most other advanced countries . and that month makes a difference. it means that kids are losing a lot of what they learn during the school year during the summer, it's especially severe for poorer kids who may not be -- may not see as many books in the house during the summers, aren't getting as many educational opportunities. here's an example of where you've got a good idea, make sure our kids are in school longer, that means the school is open, you've got to pay teachers, custodial staff, et cetera , but that would be money well spent.

    >> kelly burnett on our plaza, she's from nassau county , florida, kelly , good morning, what's your question for president obama ?

    >> thank you for taking my question president obama , as a father of two very delightful and seemingly very bright daughters, i wanted to know if you think that malia and sasha would get the same kind of education at a d.c. public school compared to the elite private academy that they're attending now.

    >> thanks for the question, kelly and i'll be blunt with you, the answer is no right now. the d.c. public school systems are struggling, they have made some important strides over the last several years to move in the direction of reform . there are some terrific individual schools in the d.c. system. and that's true by the way in every city across the country. there are some great public schools that are on par with any public school in the country. a lot of times you get tests in, or if the lottery pick for you to be able to get into those schools and so those options are not available for enough children. i'll be very honest with you, given my position, if i wantsed to find a great public school formal leah -- for malia and sasha to be in, we could probably maneuver to do it. but for a mom and a dad who are working hard but who don't have a bunch of connections, don't have a lot of choice in terms of where they live, they should be getting the same quality education for their kids as anybody else and we don't have that yet.

    >> kelly , thank you for your question.

    >> one more question, how do you inspire those teachers you talked about, the ones that are so important, how do you inspire a young college student who's considering going into teaching, who sees budgets being slashed, seeing teachers have to dip into their own pocket book for classroom supplies and now sees new pressure to get their kids to perform in a system that a lot of people think is broken, how do you inspire the next generation of teachers?

    >> first of all, there is nothing more important than teaching, i genuinely believe this. i don't know a teacher who can't look back and say, you know what? here are so many lives that i have touched, so many people who i have had influence over and each of us have memories of some great teacher who steered us in the right direction. what i also want to make sure is that if they go into teaching, they can stay in teaching, they can afford it which means that we have got to raise teacher pay, and to professionalize it if you want to be a master teacher , you can make more money. that's true of any profession. we have got to make sure they have a structure around them in which they can succeed and if we do those things, i think there are tons of kids who want -- the teach for america program, you see some of the smartest kids in the country applying and often times having to be on waiting lists to get in. the problem is that we can't attract great young people to go into teaching, the problem is after two or three years they start dropping out. they feel discouraged because no matter how hard they're working in the class room , they just can't afford it once they start trying to raise a family, particularly in urban area where is the cost of living is higher and they don't feel they're getting enough support from the principal and the school district .

    >> so you reform that system and they will come.

    >> they will come and anybody who's watching, we're going to have to fill about a million teaching slots around the country and i want young people to understand that there is not a more important profession for the success of our economy over the long-term than making sure that we have got great teachers in the classroom.

    >> some other topics, recently the poverty rate in this country was announced, it's at 14.3%. that means roughly 44 million americans are living at or below the poverty level . the poverty level is $22,000 a year for a family of four. so consider a family of four making $30,000 or $40,000 they're not living the dream either, they're struggling every single week. how can a president hear those numbers and not decide to declare this some sort of national emergency .

    >> we have gone through the worst recession since the great depression and although the steps my administration has taken to stem the crisis and stabilize the situation, we're still in the midst of the after effects of that, when you've got a lot of people underemployed, it means that the poverty rate is going to go up. that means taking the steps that i've been pushing for, making sure we have tax breaks for companies investing here in the united states , making sure that the small business bill that i will sign today makes sure they encourage investment, building infrastructure so we are improving our ability to perform internationally, all those things are going to make a difference because the single most important anti-poverty program we can initiate is making sure there's enough job growth out there.

    >> last time we sat down you said that the recovery would not be a jobless recovery . it seems to me i'm listening to more and more economists who don't agree with that.

    >> here's the challenge. it's not that this is a jobless recove recovery. we have seen eight months in a row of private sector job growth . we're actually seeing more job growth so far in this recovery than we did in the last recovery back in 2001 . the problem is we just lost so many jobs because of the crisis that we have got a much bigger hole to fill and that means we're going to have to accelerate job growth and we have got to do everything we can to focus on that and that means making sure that anything we do, we're spending that money wisely, and one of the major disagreements i have got with the republicans right now has to do with tax cuts for the wealthiest americans . you and me. you and i, matt, we're not likely to spend any additional tax cut because whenever we need for our families we can afford right now. what we need are tax cuts for the middle class who are struggling and if they get a tax cut , they're likely to spend it, which means that a small business is potentially going to get a customer and we're going to see job growth . so we can't spend $700 billion on a tax cut that is not going to spur job growth . we can spend money on things like infrastructure, on things like school construction, on making sure that small businesses are getting loans because those are the things that are more likely to generate the job growth we need.

    >> you remember velma hart, who was a woman who said she was one of your biggest supporters, and she was exhausted defending you. it seems to me what she was saying and i have heard others say as of late, mr. president is that there's a feeling that in some way you have lost touch with the struggles of the average person on the street. i say it with some sense of irony because you began your career in public service as a community organizer , that is all about getting in touch with people on the streets, so how can this criticism be coming up?

    >> velma i think subsequently was interviewed and she talked about the fact that she said look, the president's really trying, a lot of things i think are right, but it's just not happening fast enough. everybody's feeling that frustration right now. i feel it, acutely. and, you know, the fact of the matter is that as long as unemployment is as high as it is, as long as we haven't recovered as quickly as we should have, people are going to be hurting and even if they think that i know they're hurting, what they're asking is, when are you going to be able to do something concrete that allows me to get a job or make sure that i can pay my bills or make sure that i don't lose my house, and all i can communicate to the american people is that every single day, the thing that i wake up and the thing that i go to bed with is the fact that there are too many people out there who are doing the right thing, working hard and are having a tough time in this economy, we're doing everything we can to make sure they have an opportunity to live out the american dream .

    >> we have five weeks before the midterm election. you said in a speech recently, you said the republicans, they're treating me like a dog. former president clinton said he doesn't think that democrats and you included have been rigorous enough in pushing back against some of the republican attacks. mr. president, do you intend to change your tone or your emotion in terms of your pushing back.

    >> well, i think that you have heard me speak around the country over the last several months, i think that it's clear, i have got a very sharp difference on a lot of issues. when i say republicans, i really should say republican leadership, i think there's a lot of wonderful people out there who consider themselves republicans or independents who have maybe some criticisms of my administration, but basically recognize we have got to solve some big problems, we have got to be serious, we have got to base our decisions on facts. what i'm seeing out of the republican leadership over the last several years has been a set of policies that are just irresponsible and we saw in their pledge to america a similar set of irresponsible policies, they say they want to balance the budget, they propose $4 trillion worth of tax cuts and $16 billion in spending cuts and then they say we're going to somehow magically balance the budget, that's not a serious approach. so the question for voters over the next five weeks is who is putting forward policies that have a chance to move our country forward so that our schools have improved, so that we have world class infrastructure, so that we're serious about helping small business , we're serious about getting a handle on our spending and who's just engaging in rhetoric, and if that debate is taking place over the next five weeks, we are going to do just fine.

    >> rahm emanuel , your chief of staff is considering a run for the mayor's office in chicago. a lot of people think his time is getting short to make that decision. has he communicate his decision to you?

    >> i think that rahm will have to make a decision quickly because running for mayor in chicago is a serious enterprise.

    >> has he told you what he wants to do?

    >> he hasn't told me yet.

    >> would you support him and endorse him in that race?

    >> i have said i think he will be an excellent mayor, but until he makes

By John Springer
TODAY staff and wire
updated less than 1 minute ago

Money alone isn't the cure for America's ailing school system, President Obama says.

Speaking to TODAY's Matt Lauer in the Green Room of the White House for nearly 30 minutes, Obama said that additional funding tied to significant reforms — including a longer school year and lifting teaching as a profession — is a much-needed fix.

"We can't spend our way out of it. I think that when you look at the statistics, the fact is that our per-pupil spending has gone up during the last couple of decades even as results have gone down," explained Obama, invited to appear by NBC as the network launched its weeklong " Education Nation" initiative.

"Obviously, in some schools money plays a big factor ... ," Obama said, pointing out that schools in the poorest areas often don't have up-to-date textbooks. "On the other hand, money without reform will not fix the problem."

Obama said his administration's "reform agenda" includes increasing standards, finding and encouraging the best teachers, decreasing bureaucracy and deploying financial resources effectively. Teachers who fail to live up to expectations need to be given a chance to improve, he said, while those who do not should move on.

Story: Education reformer: 'We're in a crisis'

Longer school year?
Obama repeated his support for a longer school year after being asked about it by students from a sixth-grade class in Cincinatti, Ohio. He did not specify how long that school year should be, however he noted that U.S. students attend classes, on average, about a month less than children in most other advanced countries.

    1. Schools not making the grade, poll shows

      A majority of Americans are pessimistic about the public education system with nearly six out of 10 saying schools need either major changes or a complete overhaul, according to a new NBC News/WallStreet Journal poll.

    2. Visit the NBC News ‘Learning Plaza’ in NYC
    3. Complete coverage of Education Nation
    4. Are teachers under attack?
    5. Education reformer: 'We're in a crisis'

"That month makes a difference. It means students are losing a lot of what they learn during the school year during the summer ... The idea of a longer school year, I think, makes sense," Obama said. "Now, that's going to cost some money ..., but I think that would be money well spent."

Vote: Do you support a longer school year?

The 20 students in Matt Cohen's class at Roll Hill Elementary School were so thrilled that President Obama answered their question about extending the school year that Cohen had to reply his answer three times.

"They were excited," said Cohen, who submitted the question online on the students' behalf. "Some of the students think that we should not have an extended school year because their brains need time to rest — that's what they said. Others think it is good ... it keeps them busy and out of trouble."

Role of teachers
Obama says his administration's Race to the Top initiative has been one of the "most powerful tools for reform" in many years. Through the program, states compete for $4 billion in funding by highlighting their plans for reform.

NBC News
President Barack Obama spoke to TODAY's Matt Lauer about education reform.

The president said he wants to work with teachers' unions, and he embraced the role of defending their members. But he said unions cannot and should not defend a status quo in which one-third of children are dropping out. He urged them not to be resistant to change, particularly in schools which he said have become "dropout factories."

"The vast majority of teachers want to do a good job ... We have to be able to identify teachers who are doing well," the president said. "Teachers who are not doing well, we have to give them the support and the training to do well. And ultimately, if some teachers are not doing a good job, they've gotta go."

While the nation’s poorer schools are of immediate concern, Obama said his administration is also concerned about the decline in math and science scores in middle-class districts, and hiring teachers is key to reversing that trend.

“My administration is announcing that we are going to specifically focus on training 10,000 new math and science teachers," he said. "We have to boost performance in that area. We used to rank at the top; we are now 21st in science, 25th in math. That is a sign of long-term decline that has to be reversed.”

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Reforms linked to economy
During the interview, the president returned several times to a discussion of the economy, job creation and the staggering unemployment rate that has hurt tax revenues at every level of government.

Story: Obama blasts GOP pledge as 'irresponsible'

"It's not that this is a jobless recovery. We've seen eight months in a row of private sector job growth ... The problem is that we just lost so many jobs because of the crisis that we've got a much bigger hole to fill," Obama said.

Asked if he was aware that some Americans think he is out of touch when it comes to jobs, Obama assured Lauer that the economy is forefront on his mind.

  1. More from TODAYshow.com
    1. Obama: Money without reform won’t fix schools

      Speaking to TODAY's Matt Lauer in the Green Room of the White House for nearly 30 minutes, President Obama said that additional funding tied to significant reforms — including a longer school year and lifting teaching as a profession — is a much-needed fix.

    2. Future dollars: Is it time to rebrand the buck?
    3. Owner who dyed pet cat pink would do it again
    4. Program gives new meaning to ‘prep’ school
    5. Timeline: Moments that changed public education

"The fact of the matter is, as long as unemployment is as high as it is, as long as we haven't recovered as quickly as we should have, people are going to be be hurting," Obama said. "All I can communicate to the American people is that every single day, the thing that I wake up with and the thing I go to bed with is the fact that too many Americans are out there who are doing the right thing, working hard, taking the responsibilities seriously, and are still having a tough time in this economy."

Parental accountability
Obama reminded Lauer that he is a parent of school-age children, although his daughters, Sasha, 9, and Malia, 12, are both enrolled in private schools that Obama acknowledged are much better than the public schools in Washington, D.C.

Parents can and should do more to foster learning by introducing good study habits at home, he said.

"No matter how good the teacher, if the kid's coming home from school, and the parent isn't checking to see if they are doing their homework or watching TV, that's going to be a problem," he said. "And that, by the way, is true here in this White House. Malia and Sasha are great kids, and great students. But if you gave them a choice, they'd be happy to sit in front of the TV all night long, every night. At some point you have to say, ‘Your job, kid, right now, is to learn.’ ”

The Associated Press contributed to this story.

Monday, September 13, 2010

All-clear given at Capitol Building

Update: At 1 p.m., Schneider said the "all-clear" sign had been given. "Nothing hazardous was found," she said.

Original post: The House chamber and the areas immediately surrounding it were evacuated Monday after a powdery substance was seen on the chamber’s floor.

“It’s a powdery substance that was discovered just before noon,” said Sgt. Kimberly Schneider, a spokeswoman for the U.S. Capitol Police.

As of 12:50 p.m., Schneider said, the area that was restricted included the chamber itself, the galleries for reporters and visitors and some adjoining hallways. The Capitol building remains open for business. Schneider said tests were being run on the substance.

“We’ll have that immediate area restricted until it’s clear,” she said.

The House returns from its August recess Tuesday, and only pages were present in the chamber when the substance was spotted.

-- Ben Pershing

Homeland Security to test iris scanners

Sunday, September 12, 2010

new world order is here 9/12/2010

After a year of humiliating setbacks, United Nations Secretary General Ban ki-Moon and about 60 of his top lieutenants — the top brass of the entire U.N. system — spent their Labor Day weekend at a remote Austrian Alpine retreat, discussing ways to put their sprawling organization in charge of the world’s agenda.

Details concerning the two-day, closed-door sessions in the comfortable village of Alpbach were closely guarded. Nonetheless, position papers for the meeting obtained by Fox News indicate that the topics included:

-- how to restore “climate change” as a top global priority after the fiasco of last year’s Copenhagen summit;

-- how to continue to try to make global redistribution of wealth the real basis of that climate agenda, and widen the discussion further to encompass the idea of “global public goods”;

-- how to keep growing U.N. peacekeeping efforts into missions involved in the police, courts, legal systems and other aspects of strife-torn countries;


-- how to capitalize on the global tide of migrants from poor nations to rich ones, to encompass a new “international migration governance framework”;

-- how to make “clever” use of new technologies to deepen direct ties with what the U.N. calls “civil society,” meaning novel ways to bypass its member nation states and deal directly with constituencies that support U.N. agendas.

As one underlying theme of the sessions, the top U.N. bosses seemed to be grappling often with how to cope with the pesky issue of national sovereignty, which — according to the position papers, anyway — continued to thwart many of their most ambitious schemes, especially when it comes to many different kinds of “global governance.”

Not coincidentally, the conclave of bureaucrats also saw in “global governance” a greater role for themselves.

As a position paper intended for their first group session put it, in the customary glutinous prose of the organization’s internal documents: “the U.N. should be able to take the lead in setting the global agenda, engage effectively with other multinational and regional organizations as well as civil society and non-state stakeholders, and transform itself into a tool to help implement the globally agreed objectives.”

And for that to happen, the paper continues, “it will be necessary to deeply reflect on the substance of sovereignty, and accept that changes in our perceptions are a good indication of the direction we are going.”

Hammering away at perceptions that nation-states cannot adequately meet global challenges, but the U.N. can, is a major theme of the position papers, which were assembled by a variety of U.N. think tanks, task forces and institutions, including the United Nations Development Program, and the U.N.’s Department of Economic and Social Affairs.

CLICK HERE FOR THE POSITION PAPERS

National sovereignty — meaning the refusal of major powers like India, China and the United States to go along with sweeping global agendas — was specifically indicted for the failure of the much ballyhooed Copenhagen summit on climate change. “National sovereignty remains supreme,” as one position paper noted.

Nonetheless, the U.N. leaders intend to keep trying to change that, especially when it comes to the climate agenda. “The next 40 years will prove pivotal,” one paper argues, while laying out the basis of a renewed U.N. climate campaign, the “50-50-50 Challenge.”

That refers to a projection that by 2050, the world’s population will reach an estimated 9 billion (50 percent higher than today), at the same time that the U.N.-sponsored Intergovernmental Panel on Climate Change — producer of the scandal-tainted 2007 Global Assessment of global warming — is calling for a 50 percent reduction in world green house gas emissions.

According to the paper prepared by Secretary General Ban’s own climate change team, however, the newly rebranded challenge still depends on the same economic remedy proposed for Copenhagen: a drastic redistribution of global wealth, “nothing less than a fundamental transformation of the global economy.”

Rolling just about every U.N. mantra into one, the paper declares that “nothing is more crucial to preventing run-away climate change than lifting billions out of poverty, protecting our planet and fostering long-term peace and prosperity for all.”

And to do that, the paper suggests, equally dramatic shifts in political power may be needed. “Is the global governance structure, still dominated by national sovereignty, capable of responding with the coherence and speed needed?” it asks. “Or do we need to push the ‘reset’ button and rethink global governance to meet the 50-50-50 Challenge?”

Yet even as the U.N. bosses talk of delivering billions from poverty, their main aim, the papers argue should be much, much larger: to limit and redirect the aspirations for a better life of rising middle classes around the world.

As the opening session paper puts it: “The real challenge comes from the exponential growth of the global consumerist society driven by ever higher aspirations of the upper and middle layers in rich countries as well as the expanding demand of emerging middle-class in developing countries. Our true ambition should be therefore creating incentives for the profound transformation of attitudes and consumption styles.”

The answer to that “real challenge,” as well as many others addressed in the position papers, is that the U.N. and its proliferating array of funds, programs, institutes, and initiatives, should push themselves forward as the great synthesizer of solutions to global problems: “connecting the dots,” as the climate change paper puts it, across a “range of issues,” including "climate, water, food, energy, and health.”

“At the practical level, through the U.N. system we have all kinds of expertise and capacities, even if not adequate resources, to actually do something,” the paper notes.

How to get more of those resources is another major theme of many of the papers. As one of the documents focusing on food security notes, “development assistance funding is less readily available and the donors are ever more focused on demonstrable results.” One suggestion: tap global philanthropies, as well as link together “a broad range of public sector, business and civil society partners.”

The U.N. bosses also need to make sure that the institution sits at top tables where the world’s financial decisions are made. It is “urgent to secure U.N. participation” at regular meetings of the G-20 finance ministers and their deputies,” according to one of the papers, a group that the U.N. Secretariat, based in New York City and Geneva, does not interact with very much.

That observation ties into another Alpbach theme: pushing global financial regulation even further.

“The much paraded reform of financial governance institutions has not gone far enough,” the position paper for the U.N. leadership’s keynote session asserts, and the voting power of emerging players and developing world, in general, which demand a greater say on these matters, remains inadequate.”

The answer? “An enhanced political will is clearly needed to avoid return to status quo, to push forward regulatory mechanisms, and improve financial governance.”

Along with planting a new flag in the field of international financial regulation, the U.N. chiefs also contemplated the further growth of the U.N. as the world’s policeman. As another paper notes, U.N. peacekeeping operations “will soon have almost 17,000 United Nations police officers serving on four continents” — little more than two years after establishing what one papers calls the institutions “Standing Police Capacity.”

The peacekeepers are now also building a “standing justice and corrections element” to go with the semi-permanent police force — a permanent strike force to establish courts and prisons in nations where peacekeepers are stationed.

In essence, as another paper observes, the U.N. peacekeeping effort is transforming into a new kind of supervisory organism in which not only conflicts but also national institutions and cultures must be regulated for longer and longer periods of time.

“Even where a semblance of stability is achieved,” the paper by Ban’s peace-building support office argues, the achievement of peace may involve more than “adopting a constitution or holding elections.” It adds that “more fundamental change may be needed in a country’s institutions and political culture as well as in public perceptions and attitudes.”

(At the same time, as another paper makes clear, “some” U.N. peacekeepers come from countries “where the armed forces and police are seriously implicated in human rights violations,” including sexual crimes. While such actions “cannot be tolerated,” the paper makes clear the U.N. has no clear answers on how to police its own behavior.)

The answer to many if not most of the problems outlined in the U.N. papers is, as the opening session paper puts it: “multilateralism is instrumental to the success of our response to global challenges.”

But not any old multilateralism. The other major theme of the position papers is that the world organization, a haphazard array of at least 37 major funds, programs, and institutions, and a proliferating number of regulatory and other authorities, should be knitting itself into a much more close-knit global system, with greater control over its own finances, along with a stronger role in setting the international agenda.

How successful Ban and his chieftains will be at pushing that agenda may soon be seen, as the secretary general hosts the lead-off event of the fall diplomatic season, a two-day summit starting September 20 on the so-called Millennium Development Goals.

That refers to the U.N.-sponsored compact among nations to halve the number of the world’s poorest people, achieve global primary schooling, reverse the spread of HIV/AIDS and enhance the standing of women, among other goals, by 2015.

The position papers from Ban’s conclave make clear that Ban and his team are deeply concerned that momentum toward the MDGs, as they are known, is faltering, although one paper notes that “with the right policies, adequate investment and reliable international support, the MDGs remain achievable.”

In that sense, the secretive session in Alpbach was not only a planning session, but also the equivalent of a half-time locker room huddle.

What is at stake, the papers make clear, is not only the alleged betterment of the world, but the U.N.’s soaring ambitions for itself — no matter what roadblocks national sovereignty may throw in its way.

Saturday, September 11, 2010

Man ignites Koran near Ground Zero, apparently prompted by Florida Pastor Terry Jones

DAILY NEWS WRITERS




Originally Published:Saturday, September 11th 2010, 12:56 PM
Updated: Saturday, September 11th 2010, 3:57 P.M.








Smith for News

An unidentified man walks through lower
Manhattan after ripping and burning pages from the Koran on the 9th
Anniversary of the attacks of Sept. 11.
The unidentified man said 'America should never be afraid to give their opinion.'




Smith for News

The unidentified man said 'America should never be afraid to give their opinion





A man ripped pages from a Koran and lit them aflame at a
protest near the proposed site of a community center and mosque near
Ground Zero on Saturday.

"If they can burn American flags, I can burn the Koran," shouted the unidentified man. "America should never be afraid to give their opinion."

The man was led away by police but did not appear to be arrested.

The display - apparently prompted by Florida Pastor Terry Jones' plan to
burn the holy books - occurred as families who lost loved ones during
the attacks commemorated the ninth anniversary at Ground Zero.

Hours earlier, Jones told NBC's "Today" that he would not burn Korans and instead wanted to meet with the imam from Park51.

Official demonstrations - sponsored by the Tea Party Patriots
and Stop Islamization of America - were slated to start following the
Ground Zero ceremony. But protestors on both sides of the controversy
arrived mid-morning.

Many held American flags and signs reading "Honor the Fallen. Honor Our Freedoms."

"Muslim and democracy are irreconcilable," said Lance Corey, 61, a retired history teacher from the Bronx. "I have a problem with fundamentalists."

"Muhammad is very intolerant. There's a dark side to Islam. I cannot tolerate intolerance," he said.

Counter protestors also filled the streets near Ground Zero to stand up for the Park51 project.

"This is our country too. We are as much a victim as everyone else," said Mosad Almontaser, 55, of Brooklyn Heights. The school teacher said he moved to the U.S. 40 years ago from Yemen.

"It's very hurtful that a couple of nuts ruined how people see us. We have nothing to do with 9/11," he said.

In Kabul, more than 10,000 Afghans set fire to tires in the streets and shouted
"Death to America" for a second day in a row, also prompted by Jones'
calls to burn the Islamic holy book.





RJM Acquisitions/ING (Island National Group)

I am a former employee of RJM Acquisitions/ING (Island National Group). The physical address and actual location of the offices are

575 Underhill Blvd
Suite 224
Syosset, NY 11791

RJM is an acquisition company they purchase the debt they attempt to collect from you for PENNIES ON THE DOLLAR, they own the accounts and have the legal right to collect it. However what they dont want you to know is that they NEED to collect money on those accounts or else they are worth nothing.

If you have a fingerhut account they claim to own, or if you have a Doubleday book club account/black expressions book club/Doubleday Large Print book club account or anything similar, DISPUTE the authenticity of the account say you never had the account never purchased or recieved any of the items they claim that you had purchased and there is an almost 100% gurantee they will close the account. I would do this for a job every day answering hundreds of in coming calls from debtors and i closed more accounts than i had actually recieved payment on. Most of those accounts are fraudulantly opened in your name in the first place therefore you should not pay and they will gladly close the accounts. They have ZERO leverage over you regarding Fingerhut or Bookclub accounts. Demand it be removed from your credit report because the account was not yours and it will be. NEVER PAY ! ! !

In regards to having an outstanding debt with a bank such as wachovia, wells fargo, compass bank, washington mutual, am south, fifth third, citizens, bank of america, citibank etc. If the balance is anything lower than $300.00, you should simply dispute the account say you will NEVER pay the account and they will remove it from your credit report, this however will not be removed from chex systems. If you need to have the account removed from chex systems so you can open a new bank account or if your account has been frozen, you most likely need to pay or wait 5 years for the bank to remove you. If you choose to pay offer them something EXTREMELY cheap such as paying only 20-30% of what the origional balance was. They would rather take 30 dollars out of 100.00 then having to take nothing and eat what they paid for the account. NEVER PAY THE PRINCIPAL BALANCE. DEMAND Documentation of the account having had been paid off, a SIF (settled in full letter). After 30 days of having had paid off the acount request a second letter, the clause on the bottom of the letter will indicate that if the funds are returned unpaid the letter is null and void. So you want the letter without that clause incase they re-sell the account to another debt collector.

If you mention Attourney General, they most likely will be willing to make almost any deal; they get scared when you threaten them with lawsuit.

[COLOR="Purple"][Defamatory statements removed. Please do not use this board to further a revenge agenda. Thank you. --Mod][/COLOR]

I only had the job to pay the bills for graduate school and I luckily was laid off. I hope my information serves you well.

Monday, September 6, 2010

new world order is comeing look out america

The summer movie season came to a typically quiet close over the weekend. The American led the way with a standard-issue George Clooney debut, Machete had an average late summer action movie launch, while Going the Distance stalled. Overall business, though, was up five percent from the same timeframe last year.

The American earned an estimated $13 million at 2,823 locations for a $16.1 million tally since opening Wednesday. That was much more than recent Labor Day adult thrillers The Constant Gardener and Traitor, though the movie's attendance was mid-pack among assasssin-themed pictures. Most of Geroge Clooney's recent vehicles have opened in the same range as The American, including The Men Who Stare at Goats, Leatherheads, Michael Clayton and Syriana. As quiet as The American may seem, it's on track to having one of the biggest Labor Day openings ever. Distributor Focus Features reported that The American's audience was primarily aged 35 years and older and that there was a near even male/female split.

Last weekend's top draw, Takers, came in second with an estimated $11.5 million. It was down a normal 44 percent, and its cumulative take grew to $37.9 million in ten days.

Though it was first on Friday, Machete lost steam faster than the other titles and wound up in third with an estimated $11.3 million at 2,670 locations. It had a stronger start than Gamer from the same weekend last year, and it wasn't far behind its source, the box office bust Grindhouse. However, it did less than half the business of director Robert Rodriguez last straight-forward action picture, Once Upon a Time in Mexico. Distributor 20th Century Fox's research showed that 55 percent of Machete's audience was male, 55 percent was 25 years and older, and 60 percent was Latino.

The Last Exorcism was cast aside in its second weekend, falling harder than average for a supernatural horror movie. It was off 62 percent to an estimated $7.6 million, and its total rose to $32.5 million in ten days. The percentage drop was close to The Fourth Kind and Exorcist: The Beginning.

With an estimated $6.9 million start at 3,030 locations, Going the Distance isn't in it for the long haul. The romantic comedy had one of the weakest debuts on record for its genre, especially considering the size of its release. Even smaller releases like The Switch and Love Happens made more. Going the Distance's audience was 66 percent female and 77 percent over 25 years and older (and 52 percent over 35 years old), according to distributor Warner Bros.

For more analysis on The American, Machete and Going the Distance analysis, click here to read the Weekend Briefing.

Full four-day Labor Day weekend estimates will be reported here Monday morning.

Related Story
Weekend Briefing: 'Machete,' 'American' Hack Into Labor Day

Last Weekend
'Takers,' 'Exorcism' Possess Top Two Spots

This Timeframe in Past Years:
• 2009 - 'Final Destination' Clings to Labor Day Lead
• 2008 - 'Bangkok Dangerous' Tops Weekend with Small Opening
• 2007 - '3:10 to Yuma' Arrives at Top Spot
• 2006 - 'Covenant' Hovers Over Weak Weekend
• 2005 - 'Exorcism' Torments Top Spot, Sticks It to 'The Man'

Related Charts
Weekend Box Office Results
2010 Grosses

Texas probing Google over search results

WASHINGTON (AFP) – The attorney general of the US state of Texas has opened an inquiry into whether Internet giant Google manipulates search results.

Google disclosed the antitrust probe in a blog post late Friday following a report by technology website SearchEngineLand.com on the investigation by the Texas authorities.

"We recognize that as Google grows, we're going to face more questions about how our business works," Google's deputy general counsel Don Harrison said.

"As Search Engine Land first reported, we've recently been approached by Texas Attorney General Greg Abbott's office, which is conducting an antitrust review of Google," Harrison said.

"We look forward to answering their questions because we're confident that Google operates in the best interests of our users," he said.

According to Search Engine Land, Abbott has been investigating since July whether Google is "manipulating its paid and editorial results in a way that violates antitrust laws."

The probe stems from complaints by three rival search companies -- Foundem, a British price comparison site; New York-based SourceTool, a website run by parent company TradeComet; and Ohio-based myTriggers.

"They claim that Google's algorithms demote their site because they are a direct competitor to our search engine," Harrison said. "The reality is that we don't discriminate against competitors."

He said that "given that not every website can be at the top of the results, or even appear on the first page of our results, it's unsurprising that some less relevant, lower quality websites will be unhappy with their ranking."

European regulators opened an informal investigation in February into similar allegations from three Web companies including Foundem.

Harrison suggested Google rival Microsoft was behind the various complaints.

He said Foundem was backed by an organization funded largely by Microsoft and that both TradeComet and myTriggers were represented by Microsoft antitrust attorneys.

The Google counsel also noted that a federal judge earlier this year dismissed a private antitrust lawsuit against Google filed by TradeComet.

Microsoft and Yahoo! teamed up last year in a bid to rival Google in search but have made only slight inroads against the Mountain View, California-based company which controls around 65 percent of the US search market.

Obama calling for more infrastructure spending

WASHINGTON (AP) - Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion.

The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.

While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.

The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.

Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.

Administration officials wouldn't say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy's growth has slowed. Officials said this infrastructure package differs from the stimulus because it's aimed at long-term growth, while still focusing on creating jobs in the short-term.

In a Labor Day interview on CBS'"Early Show," Labor Secretary Hilda Solis said the plan Obama was to unveil Monday would "put construction workers, welders, electricians back to work ... folks that have been unemployed for a long time."

With the unemployment rate ticking up to 9.6 percent, and polls showing the midterm elections could be dismal for Democrats, the president has promised to unveil a series of new measures on the economy.

In addition to Monday's announcement in Milwaukee, Obama will travel to Cleveland Wednesday to pitch a $100 billion proposal to increase and make permanent research and development tax credits for businesses, a White House official said.

While the idea is popular in Congress, coming up with offsetting tax increases or spending cuts has been a stumbling block. Similar to his proposal to pay for the infrastructure investments, Obama will ask lawmakers to close tax breaks for oil and gas companies and multinational corporations to pay for the plan.

Other stimulus measures the administration is considering include extending a law passed in March that exempts companies that hire unemployed workers from paying Social Security taxes on those workers through December. Sen. Chuck Schumer, D-N.Y., has proposed extending the exemption an additional six months.

Obama is also continuing to prod the Senate to pass the small business bill that calls for about $12 billion in tax breaks and a $30 billion fund to help unfreeze lending. Republicans have likened the bill to the unpopular bailout of the financial industry. And the president wants to make permanent the portion of George W. Bush's tax cuts affecting the middle class.

Wary of the public's concern over rising deficits, the administration insists a second stimulus plan, similar to last year's $814 billion bill, is not in the works.

Wednesday, September 1, 2010

Food expiration dates: What do they really mean?

Are you one of those people who pour the milk down the drain on the expiration date?

Expiration dates on food products can protect consumer health, but those dates are really more about quality than safety, and if not properly understood, they can also encourage consumers to discard food that is perfectly safe to eat.

A recent poll of more than 2,000 adults showed that most of us discard food we believe is unsafe to eat, which is a good thing, of course, but it is important that we understand what food expiration dates mean before we dump our food -- and our money -- down the drain or into the garbage. On average, in the U.S. we waste about 14% of the food we buy each year. The average American family of four throws out around $600 worth of groceries every year.

Which five foods are most often feared as being unsafe after the printed date? According to ShelfLifeAdvice.com, we are most wary of milk, cottage cheese, mayonnaise, yogurt, and eggs, and the site offers these helpful explanations:

  • Milk: If properly refrigerated, milk will remain safe, nutritious, and tasty for about a week after the sell-by date and will probably be safe to drink longer than that, though there’s a decline in nutritional value and taste.
  • Cottage cheese: Pasteurized cottage cheese lasts for 10-14 days after the date on the carton.
  • Mayonnaise: Unopened, refrigerated Kraft mayonnaise can be kept for 30 days after its expiration date or 3-4 months after opening, the company told ShelfLifeAdvice.
  • Yogurt: Yogurt will remain good 7-10 days after its sell-by date.
  • Eggs: Properly refrigerated eggs should last at least 3-5 weeks after the sell-by date, according to Professor Joe Regenstein, a food scientist at Cornell University. Note: Use of either a sell-by or expiration (EXP) date is not federally required, but may be state required, as defined by the egg laws in the state where the eggs are marketed.

The “Use-By” Date

The “use-by” or “best if used-by” date indicates the last day that the item is at its best quality as far as taste, texture, appearance, odor, and nutritional value. The decline after that is gradual. The use-by date refers to product that has not yet been opened.

The “Sell By” Date

The “sell by” date is not really a matter of food safety, but a notice to stores that the product should be taken off the shelf because it will begin to decline in quality after that date.

The Law

From the U.S. Department of Agriculture (USDA): “Product dating is not generally required by federal regulations. However, if a calendar date is used, it must express both the month and day of the month (and the year, in the case of shelf-stable and frozen products). If a calendar date is shown, immediately adjacent to the date must be a phrase explaining the meaning of that date such as "sell-by" or "use before."

There is no uniform or universally accepted system used for food dating in the United States. Although dating of some foods is required by more than 20 states, there are areas of the country where much of the food supply has some type of open date and other areas where almost no food is dated.”

Food-Borne Illness

Cross-contamination and unsanitary conditions are a primary cause of food-related illnesses, whether it occurs in the home or in a restaurant, and this is independent of any expiration date. The leading culprits are:

  • Improper hand-washing prior to food preparation.
  • Storing food at the wrong temperature.
  • Cooking food to an inadequate temperature.
  • Cross-contamination (raw meats that come into contact with salads, for instance).
  • Improper washing of fresh produce.

The Yuck Factor: Common Sense Approach to Food Safety

Aside from any expiration date or lack thereof, if a food item is moldy or if it smells and looks spoiled, err on the side of caution. If it makes you say, “yuck,” throw it away.

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