In all, Obama's transition is budgeted at $12 million -- $5.2 million from the federal government and $6.8 million from private donations. Last month, I broke the story on how the "transition project" was created as a nonprofit in order to allow the Obama team to fund-raise to pay for pre-election transition work Podesta was quietly overseeing.
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Obama team pledges openness - yet lobbyist can apply - 0 views
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Podesta's briefing drew RSVPs from more than 200 journalists, so many that the transition arranged for a listen-only conference call -- in order to pare down the number of reporters actually attending.
Racial Gerrymandering Is Unnecessary - WSJ.com - 0 views
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Not so. Mr. Obama's 43% share of the white vote in the general election was actually a tad larger than that of John Kerry in 2004 (41%) or Al Gore in 2000 (42%).
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Consider Iowa, with only a miniscule African-American population. The 5% of voters who said race was the most important factor in their choice of whom to vote for backed Mr. Obama 54% to 45%. Or consider Minnesota and Wisconsin, also overwhelmingly white, where Mr. Obama's lead was 18% and 21% respectively among the 5% to 7% of voters who made race their highest priority.
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The aggressive federal interference in state and local districting decisions enshrined in the Voting Rights Act should therefore be reconsidered. That statute, adopted in 1965 and strengthened by Congress in the summer of 2006, demands race-driven districting maps to protect black candidates from white competition. That translates into an effort to create black representation proportional to the black population in the jurisdiction
Americans For Fair Taxation: FairTax.org - 0 views
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The FairTax Plan is a nonpartisan national grassroots campaign to replace the federal income tax system with a progressive national retail sales tax
NPR: Brazile: #blck Jackson Jr. Claim Doesn't Meet The 'Smell Test' - 0 views
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Now with this new revelation that he may or may not have served as a government informant, and then another press release indicating that he did nothing wrong -- all he was doing as a public servant was informing federal officials something that was going on -- that didn't meet the smell test.
Obama, Republicans clash at heated health summit - Yahoo! News - 0 views
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"We have a very difficult gap to bridge here," said Rep. Eric Cantor, the No. 2 House Republican. "We just can't afford this. That's the ultimate problem." With Cantor sitting in front of a giant stack of nearly 2,400 pages representing the Democrats' Senate-passed bill, Obama said cost is a legitimate question, but he took Cantor and other Republicans to task for using political shorthand and props "that prevent us from having a conversation." And so it went, hour after hour at Blair House, just across Pennsylvania Avenue from the White House - a marathon policy debate available from start to finish to a divided public. The more than six-hour back-and-forth was essentially a condensed, one-day version of the entire past year of debate over the nation's health care crisis, with all its heat, complexity and detail, and a crash course in the partisan divide, in which Democrats seek the kind of broad remake that has eluded leaders for half a century and Republicans favor much more modest changes. With Democrats in control of the White House and Congress, they were left with the critical decision about where to go next. Obama and his Democratic allies argued at Thursday's meeting that a broad overhaul is imperative for the nation's future economic vitality. The president cast health care as "one of the biggest drags on our economy," tying his top domestic priority to an issue that's even more pressing to many Americans.
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Of course the "we" in "We can't afford this" is the big health care monopolies (pharma, insurance, etc.). Supposedly, the country and people can afford the continued gouging by those special interests (up to 40% in some places this year alone!). Too, if the government were to find a way to "afford it" (disregarding that Medicare and Medicaid savings might pay for it altogether!), that would probably be on the "back" of the richest 5% and by reducing corporate and business subsidies (like those to oil companies, the military industrial complex, "big finance" bailouts and sweetheart Federal funds rates and "liquidity" pumping, non-risk underwriting for things like coastal flood insurance, etc., etc., etc.). Since that is the "invisible hand" that feeds most "conservatives" and Republican politicians, that would never do.
Volcker Rule: 5 Formery Treasury Secretaries Back Obama's Reforms - 0 views
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The ex-Treasury officials, who served both Republican and Democratic administrations, wrote that the reform measure, which would prohibit commercial banks from owning or investing in hedge funds, private equity funds or "proprietary trading" operations, is a reasonable trade for the benefits banks reap from "public support by means of access to the Federal Reserve and FDIC insurance." And while the rule may not alone prevent the next financial crisis, they said it's a crucial part of a more expansive regulatory reform package: "We fully understand that the restriction of proprietary activity by banks is only one element in comprehensive financial reform. It is, however, a key element in protecting our financial system and will assure that banks will give priority to their essential lending and depository responsibilities."
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The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall Street Journal.
Timmy Has Fallen Down the Well - 1 views
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Through long and ignominious tradition, the US has selected people for cabinet positions based on a combination of nepotism and party loyalty. Products of this system include luminaries like former FEMA director, Michael Brown. But sometimes there are qualified cabinet nominees installed for all the wrong reasons. Treasury Secretary Tim Geithner is a useful example.
Bankers winning financial reform battle - Answer Desk- msnbc.com - 0 views
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Proponents of comprehensive regulatory reform hope for sweeping measures to protect consumers from predatory lending, rein in high-stakes Wall Street trading in arcane derivatives, boost capital requirements for banks that want to bet big with depositors' money and spread some regulatory sunshine on the dark pools of the “shadow banking system” that caught regulators flat-footed when the market spiraled into the abyss in the fall of 2008. “We cannot afford to let the status quo continue,” Sheila Bair, head of the Federal Deposit Insurance Corp., told a meeting of business economists in Washington. The final law is still in doubt. Sen. Christopher Dodd, D-Conn., has pressed for reform during a year of intensely partisan bickering. On Friday, Dodd — a lame duck who announced his retirement after disclosures that he accepted favorable terms from subprime lender Countrywide Financial — claimed that the Senate Banking Committee he chairs was “days away” from wrapping up a bill. Any resolution faces a major political hurdle that has drawn the most public attention: a proposal to create a new agency to protect consumers from predatory lending and other abusive financial practices. While the "systemic risks" to the financial system may represent a bigger threat in dollar terms, voters might be more focused on the consumer impact.Dodd said that’s not hard to understand.“The subject matter of derivatives and swaps and the issue of systemic risk and too-big-to- fail seem somewhat removed from the general public,” he told CNBC after the Senate compromise was reached. “Watching my credit card go to 32 percent rates and huge fees, watching prepayment penalties on mortgages, these are things that millions of people understand.”
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As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. So far the score looks like: Bankers 1, Consumers 0. More than a year after a wave of risky mortgage bets brought Wall Street to its knees, banks and other financial institutions are still playing by the same rules that got them into the mess.
Top home-school texts dismiss Darwin, evolution - Yahoo! News - 0 views
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Christian-based materials dominate a growing home-school education market that encompasses more than 1.5 million students in the U.S. And for most home-school parents, a Bible-based version of the Earth's creation is exactly what they want. Federal statistics from 2007 show 83 percent of home-schooling parents want to give their children "religious or moral instruction." "The majority of home-schoolers self-identify as evangelical Christians," said Ian Slatter, a spokesman for the Home School Legal Defense Association. "Most home-schoolers will definitely have a sort of creationist component to their home-school program." Those who don't, however, often feel isolated and frustrated from trying to find a textbook that fits their beliefs. Two of the best-selling biology textbooks stack the deck against evolution, said some science educators who reviewed sections of the books at the request of The Associated Press. "I feel fairly strongly about this. These books are promulgating lies to kids," said Jerry Coyne, an ecology and evolution professor at the University of Chicago. The textbook publishers defend their books as well-rounded lessons on evolution and its shortcomings. One of the books doesn't attempt to mask disdain for Darwin and evolutionary science. "Those who do not believe that the Bible is the inspired, inerrant Word of God will find many points in this book puzzling," says the introduction to "Biology: Third Edition" from Bob Jones University Press. "This book was not written for them." The textbook delivers a religious ultimatum to young readers and parents, warning in its "History of Life" chapter that a "Christian worldview ... is the only correct view of reality; anyone who rejects it will not only fail to reach heaven but also fail to see the world as it truly is."
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Home-school mom Susan Mule wishes she hadn't taken a friend's advice and tried a textbook from a popular Christian publisher for her 10-year-old's biology lessons. Mule's precocious daughter Elizabeth excels at science and has been studying tarantulas since she was 5. But she watched Elizabeth's excitement turn to confusion when they reached the evolution section of the book from Apologia Educational Ministries, which disputed Charles Darwin's theory. "I thought she was going to have a coronary," Mule said of her daughter, who is now 16 and taking college courses in Houston. "She's like, 'This is not true!'"
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Home Fooling.
America's Ten Most Corrupt Capitalists | Economy | AlterNet - 1 views
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Federal Reserve chairman backed all of Rubin's favorite deregulatory plans,
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crush an effort by Brooksley Born to regulate derivatives in 1998
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Greenspan went to bat for politically connected Savings & Loan titan Charles Keating
Wall Street Aristocracy Got $1.2 Trillion From Fed - Bloomberg - 0 views
How to Ameliorate the US Economy - A Political Perspective | eHow.com - 0 views
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Many people like to talk about the US economy and the direction our country is heading under the Obama administration. This article provides a more pragmatic examination from a political perspective, of how an improvement of the US economy can be achieved. The information presented here is based on the premise that in the end, it is the American people who know what is best for Americans, and not government officials.
The Greatest Threat to Global Food Security: Capitalism - 0 views
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Certainly one of our most fundamental of human needs is our ability to grow and procure adequate nutrition.
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Giant multinational corporate entities like Cargill, Nestle, Monsanto, ConAgra and Archer Daniels Midland
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US Agribusiness spent $137 million on lobbying efforts to promote corporate interests through the purchase of favorable legislation
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