For-Profit College Regulations: Obama Administration Issues Rules
June 2nd, 2011 | Posted by Global InvestorsThe Obama administration on Thursday issued a series of highly anticipated regulations aimed at cracking down on for-profit colleges and other career training programs that leave students saddled with unmanageable debts and contribute to an unequal share of federal student loan defaults.
The final rules issued by the Department of Education, however, are significantly less stringent than a draft version released last year, giving college programs an additional three years to come in line before possibly losing access to lucrative federal student aid dollars. The changes come after an unprecedented lobbying and campaign finance offensive over the past year by the for-profit college industry, which derives a vast majority of revenues from federal student loan and grant programs and has sought to protect that income by gaining influence in Washington.
Education Secretary Arne Duncan said the changes came after discussion with “lots and lots of different folks,” not just the industry, and he pointed out that the colleges were not unanimous in their suggestions for changes.
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Obama, Democrats Set $60 Million Fundraising Goal For June
June 2nd, 2011 | Posted by Global InvestorsWASHINGTON — President Barack Obama’s key fundraisers are being asked to raise $60 million for the president’s re-election campaign and the Democratic Party by the end of June.
Two people familiar with the fundraising goal said it was part of a presentation in Chicago on Wednesday to top Democratic fundraisers. The two spoke on condition of anonymity because they were not authorized to discuss the private meeting publicly.
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David Bromwich: Obama, Bush, and the Patriot Act
May 30th, 2011 | Posted by Global Investors The tone of the present administration is more soothing than that of its predecessor. But ever since Obama gave his National Archives Speech, in May 2009, the continuities with Cheney-Bush have been unmistakable.
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Mark Steinberg: Obama Reconsidering Second Run
May 30th, 2011 | Posted by Global InvestorsAt a press conference today, President Barack Obama shocked reporters when he said he might not run for a second term because he lacks fire in the belly. He hinted this might be attributable to the fact that his mother-in-law no longer cooks for the family.
In New Jersey, Governor Chris Christie also said he lacks fire in the belly. His explanation was that it had become impossible to light his belly without resort to a significant quantity of flammable substances, a fact that would likely prove counterproductive in a heated debate.
Former Governor Mike Huckabee, who has already declared himself out of the race, said he was relieved he lacked the required fire in the belly: “Fire is the symbol of Satan, and I’m not willing to dance with the Devil at my inauguration, especially because he’d want to lead.”
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Patriot Act Extension Signed By Obama
May 27th, 2011 | Posted by Global InvestorsWASHINGTON — Congress on Thursday passed a four-year extension of post-Sept. 11 powers to search records and conduct roving wiretaps in pursuit of terrorists. Votes taken in rapid succession in the Senate and House came after lawmakers rejected attempts to temper the law enforcement powers to ensure that individual liberties are not abused.
Following the 250-153 evening vote in the House, the legislation to renew three terrorism-fighting authorities headed for the president’s signature with only hours to go before the provisions expire at midnight.
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The Oiled West: Obama Sees Americana From Queen’s Art Collection
May 26th, 2011 | Posted by Global InvestorsIt is a custom of state visits for the Queen to show the visiting dignitary a specially chosen selection of highlights that may be of interest to them and their nation from her extraordinary collection of paintings, sculpture, drawings, photographs and objets d’art.
The Royal Collection is one of the last surviving examples of monarchical collections, which in most countries have long since become part of public museums; from a historical point of view, it is the finest collection in the world, with treasures such as Leonardo da Vinci’s anatomical drawings and Holbein’s portrait studies.
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Obama England Trip Begins With Visit To Royals
May 24th, 2011 | Posted by Global InvestorsLONDON — Queen Elizabeth II has welcomed President Barack Obama and first lady Michelle Obama in style to Buckingham Palace for their state visit to Britain – complete with a 41-gun salute.
Ranks of Scots Guards in red jackets and tall hats stood at attention as the queen walked out of the palace with the president, followed by Mrs. Obama and Prince Philip, and Prince Charles and his wife Camilla.
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HuffPost TV: HuffPost’s Sam Stein Discusses Obama, Israel On ‘Hardball’ (VIDEO)
May 24th, 2011 | Posted by Global InvestorsHuffPost’s Sam Stein appeared Monday on MSNBC‘s ‘Hardball’ to discuss President Obama’s proposal for a two-state solution in the Israel.
Chris Matthews brought up recent Republican criticism of Obama’s proposal. Stein explained, “what we have here is a routine of Republicans trying to make Israel a wedge for Obama … for the Evangelicals, for wealthy Jewish Republican donors possibly. I went back, I looked at the ’08 speech that McCain gave at AIPAC. It was very similar in terms of its denunciation of Obama. Only in that case it was about Obama saying he wanted to talk to his enemies without preconditions. So this is a routine.”
Stein stated that “the border issue is like the easiest conceptual issue to argue about, it’s lines on a map.” He discussed how there are other much more complex issues to resolve, and he reiterated that Republicans are using the border issue “as a wedge to get at Obama and to drive support towards their camps.”
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Earl Ofari Hutchinson: Why West’s Slur of President Obama Got a Headline
May 23rd, 2011 | Posted by Global Investors Princeton University professor Cornell West’s silly, shoot-from the lip slur of President Obama as a black puppet predictably got the headline that he knew it would for two reasons.
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MJ Rosenberg: Winning: Obama at AIPAC
May 22nd, 2011 | Posted by Global Investors The overarching message was the necessity for two states and the unsustainability of the occupation. And AIPAC applauded. Strongly.
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