Posts Tagged ‘White House’

There’s A Whole Lot of Shaking Going On

Tuesday, September 6th, 2011

A big shake-up occurred recently in Washington, D.C.,  although it was not of the variety that some would prefer.  The nation’s capital was taken by surprise when it was hit by a 5.9-intensity earthquake that rocked the East Coast and was felt as far away as Boston, North Carolina and even Michigan.  Although early reports said that the Washington Monument was tilting slightly, it was later determined that the stately obelisk only had damage to some of the stone in the pyramid that tops the monument.  Approximately 45 minutes after the 1:51 p.m. quake, Fox News started reporting that it had received reports that the Washington Monument was leaning.  Atlanticwire noted that Twitter “immediately seized on it” and quoted Twitterer Patrick Tansey, as tweeting that “I just walked past the Washington Monument, it’s not tilted at all.” 

The Associated Press reported that “The National Park Service (NPS) says all memorials and monuments on the National Mall were evacuated and closed after an earthquake struck near the nation’s capital.  No damage was reported.”  Park Service spokesman Jeffrey Olson said there was “absolutely no damage” to the Lincoln Memorial or other memorials along the Mall.  According to the NPS, a preliminary inspection shows the Washington Monument to be structurally sound.  But it “is evaluating the structures to ensure that they are structurally sound and safe for all visitors.  The Washington Monument, because of its structural complexities, will remain closed until further notice.  It is possible that the Lincoln Memorial and Jefferson Memorial could open as early as this evening after preliminary inspection.  The Old Post Office Tower will open on Wednesday morning.” 

One Washington landmark was damaged in the quake.  Washington National Cathedral, an impressive Gothic structure favored by tourists, suffered what is being termed as “significant” damage.  “The building will retain structural integrity,  but the damage to the central tower is quite significant,” Cathedral spokesman Richard Weinberg said, noting that engineers and stonemasons are assessing the full extent of the damage, how costly the repairs will be and when the cathedral might reopen. 

The quake was shallow, occurring three miles below the earth’s surface.  Washington Metro and commuter rail services ran normally the next morning, but authorities closed several government buildings pending damage inspections.  These include the Departments of Agriculture, Homeland Security and Interior.  The Labor Department and Health and Human Services buildings were closed at first but later reopened.  D.C. public schools were closed, in addition to schools in several districts in Virginia and Maryland.

Not surprisingly, there were some initial fears that terrorists had struck the region as office workers were evacuated from their buildings.  “In Washington, 10 years later, every day is September 12,” Marc Fisher.  “When the office ceiling shifts to and fro, and the pens and cups fall off the desk, it’s scary enough. But in a terror-scarred city, thoughts go immediately to evil attack rather than natural disaster.”  Or, as the Los Angeles Times says, “when a building shakes in Washington, ‘earthquake’ does not spring to mind.  Instead, as the magnitude 5.9 earthquake shook the capital on Tuesday, it sparked immediate fears of a terrorist attack for congressional staff members accustomed to repeated warnings about man-made threats.” 

“At first we weren’t sure exactly what it was, but as we heard the Capitol Police officers and other staff shouting evacuation orders, we knew it was serious,” said congressional staffer Rachel Semmel, who fled without her keys or wallet.  “For a brief moment during evacuation, it was very scary.” 

Senate Sergeant at Arms Terrance Gainer said that some buildings in the Capitol complex sustained structural damage and “a couple minor twisted ankles.  Aside from people being a little bit anxious and nervous,” most Capitol complex employees are fine, Gainer said. 

To watch the White House shake during the earthquake, click here.

It’s the Jobs, Stupid.

Wednesday, February 16th, 2011

President Obama recently took a short stroll from the White House and through Lafayette Park to give a speech in what might be termed enemy territory – the U.S. Chamber of Commerce. The subject was jobs and what the Chamber can do to jump start hiring by the companies that form its membership.  Noting that American companies are sitting on approximately $2 trillion in cash, the president challenged the Chamber to invest some of that money by hiring Americans who are out of work.

“Many of your own economists and salespeople are now forecasting a healthy increase in demand.  So I want to encourage you to get in the game,” Obama said, referencing the tax credits his administration negotiated to spur new investments.  “As you all know, it is investments made now that will pay off as the economy rebounds.  And as you hire, you know that more Americans working means more sales, greater demand and higher profits for your companies.  We can create a virtuous cycle.  Not every regulation is bad; not every regulation is burdensome on business,” he said.  “Moreover, the perils of too much regulation are matched by the dangers of too little.”

Relations between the president and the Chamber – one of the nation’s most powerful lobbying groups — have been chilly and the speech was an effort to find common ground.  Since the Democrats’ defeat in the November mid-term election, Obama has been trying to mend fences with big business.  One part of that strategy was to hire Bill Daley, a former Chamber board member and JP Morgan Chase executive, as his new chief of staff to replace Rahm Emanuel.  Additionally, he named General Electric CEO Jeffrey Immelt to head an economic advisory panel dedicated to job creation.  According to the president, “I will go anywhere anytime to be a booster for American business, American workers and American products, and I don’t charge a commission.”  

The Chamber gave the president a warm welcome, with the organization’s president Thomas Donohue expressing the body’s “absolute commitment” to working with the White House on turning around the economy and creating new jobs.  “Our focus is finding common ground to ensure America’s greatness in the 21st century,” he said.  “America works best when we work together.”

The president’s remarks came on a day when several Illinois firms warned that they are planning to lay off employees or close facilities. For example, Kmart is planning to close several stores in Illinois.  Gold Standard Baking, Inc., will close a commercial bakery in Chicago, slashing 73 jobs.  Another 67 employees are likely to be laid off at Itasca-based C. D. Listening Bar Inc., which sells DVDs, CDs, books and video games online at DeepDiscount.com.  AGI North America, LLC, a paperboard box manufacturing company in Jacksonville, is closing at the end of March, putting 70 employees out of work.  Gray Interplant Systems, Inc. – a warehousing and storage company in Peoria and Mossville – is planning to lay off 167 employees in April.

So why are American companies not hiring – or not hiring on their home turf?  According to the Chamber’s Donohue, it’s a variety of reasons, including new regulations contained in the Patient Protection and Affordable Care Act and the Dodd-Frank financial reform bill. Additionally, companies are holding onto their cash to fund future acquisitions.  Consolidation makes new regulatory burdens easier to bear.  Once companies’ regulatory costs are clear and under control, they can begin hiring, he said.  Finally, demand remains relatively low.  Once spending improves, the Chamber believes that companies will have no choice but to invest in additional personnel to meet that demand.  As consumer and business spending grows, so should jobs.

And, the jobs are going elsewhere. The Economic Policy Institute, a Washington think tank, says American companies created 1.4 million jobs abroad in 2010, compared with less than 1 million in the United States. The additional 1.4 million jobs would have cut the unemployment rate to 8.9 percent, according to Robert Scott, the institute’s senior international economist.

2010 U.S. Census Shows Slowest Population Growth in 70 Years

Thursday, January 6th, 2011

2010 U.S. Census Shows Slowest Population Growth in 70 YearsNow that the long-awaited data from the 2010 Census has been published, the states are learning which places will gain congressional seats and precious electoral votes – a circumstance that could impact the outcome of the 2012 presidential election.  The U.S. Constitution requires a census count every 10 years to accurately reflect population shifts in the nation and determine congressional reapportionment as the states divide the House of Representatives’ 435 seats.  Inevitably, Democrats and Republicans will squabble over redistricting as states gaining or losing seats draw new districts.

“Many of the population increases are expected in Republican-leaning states in the South and West, while traditional strongholds of the Democrats in the North and Midwest are expected to lose population,” noted Keating Holland, CNN’s polling director.  Additionally, because Republicans in several states took control of the legislatures from Democrats in the mid-term elections, they will have significant control over how the districts are redrawn.

Ohio and New York each will lose two Congressional seats.  Poised to lose a single seat are Illinois, Iowa, Louisiana, Massachusetts, Michigan, Missouri, New Jersey and Pennsylvania.  California will retain its 53 Congressional seats – the largest in the nation.  States that will pick up seats include Florida, Arizona, Georgia, Nevada, South Carolina, Utah and Washington.

According to the U.S. Census Bureau,  the data gleaned will “directly affect how more than $4 trillion is allocated to state, local and tribal governments over the next 10 years.”  If preliminary estimates hold true, the 2010 census will reveal that America’s population growth fell to its lowest level in 70 years. Demographers believe the official 2010 count will be approximately 308.7 million, putting U.S. growth at nine percent, the slowest growth since the 1940 census.  During that decade, the Great Depression slashed previous population growth rate by more than half, to 7.3 percent.  The U.S. is still growing quickly relative to other developed nations.  The population in France and England each increased approximately five percent over the past decade; Japan’s population is largely unchanged and Germany’s population is declining.  China grew at about six percent; Canada’s growth rate is more or less 10 percent.

Solar Farm to Sprout on White House Roof

Thursday, October 21st, 2010

A new green initiative is joining the White House's already famous organic vegetable garden.A new green initiative is joining the White House’s already famous organic vegetable garden.  President Barack Obama plans to install solar panels on top of the White House’s living quarters to heat water and provide power to some of the historic mansion. The panels are scheduled to be in place by the spring of 2011, according to Energy Secretary Steven Chu.

Former President Jimmy Carter installed a $30,000 solar water-heating system for West Wing offices during 1976; they were removed 10 years later.  George W. Bush installed a solar system that provided power to a maintenance building, parts of the White House and to heat water for the swimming pool.  President Obama, who is a strong supporter of renewable energy, has been under pressure from the solar industry and environmental activists like 350.org to lead by example.  According to White House sources, solar panels have been under discussion since the Obama family first took up residence at 1600 Pennsylvania Avenue.

Global warming activists from 350.org brought one of Jimmy Carter’s solar panels from Unity College in Maine to Washington, D.C., in an effort to persuade President Obama and other world leaders to install panels on their residences.  Bill McKibben, 350.org’s founder, believes the administration is doing the right thing.  “If it has anything like the effect of the White House garden, it could be a trigger for a wave of solar installations across the country and around the world,” McKibben said.

The price tag for the White House solar project is not yet known as it is still in the design phase.  Another question is how much electricity it will generate.  According to a survey of available roof space, the system has the potential to include 25 to 75 panels and could produce up to 19,700 kilowatt hours of annual electricity.  A typical household would save $3,200 a year on their electricity bill and $1,000 on heating water.

“Around the world, the White House is a symbol of freedom and democracy,” Chu said.  “It should also be a symbol of America’s commitment to a clean energy future.”

Rahm Emanuel Throws His Hat Into Chicago Mayoral Race

Wednesday, October 13th, 2010

Rahm Emanuel leaves the White House to run for mayor of Chicago. Rahm Emanuel’s abrupt departure as White House Chief of Staff to run for mayor of Chicago is no surprise  now that Richard M. Daley has announced his retirement after 21 years in office.  The mercurial Emanuel, who left his Congressional seat and House leadership position to take the White House job, was replaced by the more introverted Pete Rouse, who served as President Barack Obama’s Senate chief of staff.  Emanuel ran the White House in an era of economic uproar, two wars and increasing political partisanship and assisted in the passage of what is considered one of the more productive legislative agendas in decades.

“This is a bittersweet day at the White House,” Obama said to senior staff and Cabinet member at the East Room announcement.  “On the one hand, we are all very excited for Rahm as he takes on a new challenge for which he is extraordinarily well qualified.  But we’re also losing an incomparable leader of our staff and one who we are going to miss very much.  Rahm has exceeded all of my expectations.  It’s fair to say that we could not have accomplished what we’ve accomplished without Rahm’s leadership.”

As Chief of Staff, Rouse will bring a completely different, less confrontational style to the job.  Obama said that Rouse has “never seen a microphone or TV camera that he likes.”  Initially, Rouse is expected to reorganize the West Wing to better coordinate policy-making with the political operation, both for the mid-term elections and later for Obama’s 2012 re-election campaign.  Obama described Rouse as one of his “closest and most essential advisers” who brings “customary clarity and common purpose” to the job.

As a going-away gift, Austan Goolsbee, head of the Office of Management and Budget, presented Emanuel with a dead Asian carp wrapped in the Chicago Tribune and Chicago Sun-Times.  The gift echoed the occasion when Emanuel sent a dead fish to a political opponent.  After Emanuel – who reportedly had tears in his eyes — opened the gift, Goolsbee said, “To most people, it looks like a dead fish.  But to a future mayor of Chicago, it looks like a dead Asian carp. And you’ll be happy to know that it wasn’t easy to find one of these.”  White House Press Secretary Robert Gibbs got the last word, “In Chicago, this is how friends say goodbye.”

Getting By on $250,000 a Year

Monday, October 11th, 2010

University of Chicago law professor complains about $250,000 yearly income.Todd Henderson is a University of Chicago law professor; his wife is a physician at the prestigious university’s hospital.  Although the family earns more than $250,000 a year, lives in a pricey house in the upscale Kenwood neighborhood, employs a nanny and sends their children to private schools, Henderson is upset with President Barack Obama’s plan to end Bush-era tax cuts on high-income families. Writing recently on the “Truth in the Market” blog, Henderson said that “A quick look at our family budget, which I will happily share with the White House, will show him that, like many Americans, we are just getting by despite seeming to be rich.  We aren’t.”

The blog entry, which Henderson hoped would spark a debate about taxes, turned into a firestorm in which he was accused of being out of touch and arrogant.  It also kicked off a discussion of what being rich means, especially in an economy where many people are unemployed and hurting financially.  Eventually, Henderson deleted the blog entry and says he will no longer contribute to “Truth in the Market”.  One of the people angry with Henderson is Michael O’Hare, a professor of public policy at University of California – Berkeley, who said “It’s just rude to be worrying in public about whether you have to fire the maid.  That didn’t used to be acceptable behavior, for people who were that much better off than the rest of us to complain about their misfortunes.”

Geoffrey Stone, a former University of Chicago law school dean, offered this criticism, “People are reasonably focused on the view that this is absurd for somebody who lives a relatively privileged life to define himself as not rich because there are people who are richer.  The way he wrote it opened him up to that.”  Even Nobel Prize-winning New York Times columnist and Princeton economist Paul Krugman got in on the act, calling Henderson the “whining Chicago professor.”

This story leads to the question of exactly what is the definition of being rich?  According to the Tax Policy Center, defining rich is a matter of analyzing income distribution.  Roberton Williams, senior fellow, said the top three percent of Americans have gross incomes in excess of $250.000.  That is the income bracket that President Obama is targeting with the tax increases.  As to the Hendersons, Williams said “They are spending what they are making.  They don’t feel like there is any fat in the budgets.  But the average person would take a look at their budget and say ‘Wow’.”

National Infrastructure Bank Could Finance Rebuilding America

Sunday, October 3rd, 2010

Proposed infrastructure bank could provide funds to rebuild America's crumbling infrastructure. As the nation’s roads, railways and sewers crumble, President Barack Obama’s proposal to create a $50 billion infrastructure bank is one way to build on the American Recovery and Reinvestment Act (ARRA).  According to Margaret Donahoe, Executive Director of the Minnesota Transportation Alliance, “A new multi-year transportation authorization act is almost one year overdue and the administration acknowledges the need to work with Congress to pass a new program.”

President Obama’s goal is to invest $50 billion to rebuild 150,000 miles of road; lay and maintain 4,000 miles of new railroad track; reconstruct 150 miles of airport runways; and create an air-traffic control system that meets 21st-century standards.  The $50 billion will be offset by eliminating tax breaks and subsidies for the gas and oil industry.  “The new proposal couples a boost in funding with new policies that begin to change the way transportation has been funded in the past,” Donahoe says.  “The plan includes the establishment of an Infrastructure Bank to leverage federal dollars with other sources of revenue, including private capital.  Outside investors would need a return on investment, so many of the projects would likely involve increased fees, taxes or tolls.”  The proposal has the potential to create construction jobs and refurbish the nation’s deteriorating infrastructure.

“Rebuilding our third-rate transportation infrastructure will also help us catch up with established competitors such as Germany and new players such as China, Brazil and India,” according to Donahoe.  “Those nations are investing in their economies and their future competitiveness by putting money into modern highways, ports, freight rail and other infrastructure.  Our country clearly needs to improve our infrastructure to provide the service level American businesses need.  There is little disagreement on the benefit of putting skilled people to work immediately while building the infrastructure our economy needs.”

The good news for President Obama is that the infrastructure bank enjoys significant support from legislators in both the House and Senate. Additional support comes from workers, firms, and organizations involved in transportation, communication, and construction.

President Barack Obama, Nobel Laureate

Monday, October 19th, 2009

apg_obama_nobel_091009_mnThe announcement that President Barack Obama, after just nine months in the Oval Office, had won the 2009 Nobel Peace Prize stunned the world — including the humbled recipient.

“I do not feel that I deserve to be in the company of so many transformative figures that have been honored by this prize,” Obama said in remarks to the press in the White House Rose Garden.  “I will accept the award as a call to action, a call to all nations to confront the challenges of the 21st century.”

The Norwegian Nobel Committee said they chose to award Obama the prize “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”  Thorbjoern Jagland, the Nobel committee chairman, said “only rarely has a person such as Obama captured the world’s attention and given his people hope for a better future.  His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitude that are shared by the majority of the world’s population.”

Obama becomes only the third sitting American president to win the Nobel Peace Prize.  He joins Teddy Roosevelt, who won the 1906 award for his efforts in ending the Russo-Japanese War.  The other is Woodrow Wilson, who won the 1919 prize  for negotiating the Treaty of Versailles to end World War I and his efforts in creating the League of Nations.

Obama intends to donate the $1.4 million cash prize to charity.

In congratulating him, we should also remember the extraordinary heroes who were nominated this year, including Morgan Tsvangirai – the Prime Minister of Zimbabwe – and Denis Mukwege – a gynecologist who specializes in the treatment of women who have been gang raped by Congolese militia.

Wall Street Relocating to Constitution Avenue

Friday, July 17th, 2009

America’s financial capital is now Washington, D.C. With Congress and the White House acting forcefully to stop the bleeding resulting from the worldwide financial crisis, numerous investors and brokers are relocating from New York to Washington because that’s where the action is these days.

wall-street-flagOne of the nation’s healthiest metropolitan areas, Washington is benefiting from government hiring as the Obama Administration works to strengthen the nation’s financial system.  The collapse of prominent investment banking firms such as Lehman Brothers and Bear Stearns has triggered increased scrutiny of large banks and created a need for additional workers with auditing and investment expertise in government regulatory offices.

The government’s deep involvement in the financial sector is bringing in investment that in other times would have gone to Manhattan.  German banks, for example, are investing significant dollars in hotels and office buildings.

According to Ramon Kochavi, regional manager of Marcus and Millichap, “The government will grow.”  Kochvai foresees declining defense contracting and an expansion of biotech firms under the Obama administration.  New R & D firms are opening facilities in Rockville, MD, and along Virginia’s Dulles Corridor to support the National Institutes of Health in Bethesda, MD.  Medical services growth is also expected as access to healthcare is a national priority.