Former U.S. Secretary of Defense Robert Gates Closes 2012 Southeastern University Forum
March 11th, 2012 | Posted by Global InvestorsRarely do citizens have the opportunity to interact with some of the most influential and knowledgeable world leaders of the past half-century.
But those who attended Southeastern University’s National Leadership Forum got their chance Friday, as former U.S. Secretary of Defense Robert Gates was on campus as the final speaker of the servant leadership focused event.
Gates, who served under eight U.S. Presidents and also was director of the Central Intelligence Agency, first addressed The Forum audience about his keys to effective leadership. His listed nine qualities, including vision, transparency, integrity, courage, and self-confidence. He also emphasized the importance of leaders encouraging… View full post on Live News from PR-USA.net
Robert Scheer: Geithner and Goldman, Thick as Thieves
June 1st, 2011 | Posted by Global InvestorsWhat was Timothy Geithner thinking back in 2008 when, as president of the New York Fed, he decided to give Goldman Sachs a $30 billion interest-free loan as part of an $80 billion secret float to favored banks? The sordid details of that program were finally made public this week in response to a court-ordered Freedom of Information Act release, thanks to a Bloomberg News lawsuit. Sorry, my bad: It wasn’t an interest-free loan; make that .01 percent that Goldman paid to borrow taxpayer money when ordinary folks who missed a few credit card payments in order to finance their mortgages were being slapped with interest rates of more than 25 percent.
One wonders if Barack Obama was fully aware of Geithner’s deceitful performance at the New York Fed when he appointed him treasury secretary in the incoming administration. The president was probably ignorant of this particular giveaway, as were key members of Congress. “I wasn’t aware of this program until now,” Barney Frank, D-Mass., who at the time chaired the House Financial Services Committee, admitted in referring to Geithner’s “single-tranche open-market operations” program. And there was no language in the Dodd-Frank law supposedly reining in the banks that compelled the Fed to reveal the existence of this program.
It was merely one small part of that reckless policy of throwing mad money at the banks while ignoring the plight of homeowners whom the banks had swindled, a plan pursued by both the Bush and the Obama administrations that set the stage for the current slide into a double-dip recession. On Tuesday it was reported that home values have continued an eight-month decline back to their lowest point since the recession began. With housing in deep trouble there can be no rebound of consumer confidence or job creation, and the first-quarter growth rate was an anemic 1.8 percent even as Wall Street profits and bonuses flourished. Wages are stagnant, unemployment claims have recently risen and, as The Wall Street Journal headlined on Tuesday, “Economists Downgrade Prospects for Growth.” That same edition of the Journal reported that 44.6 million Americans now survive on food stamps, an 11 percent increase in that misery index over the past year, while Geithner’s friends at Goldman are doing quite well.
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Robert Creamer: Medicare Is Turning Point Battle for 2012
May 31st, 2011 | Posted by Global InvestorsIn recent American political history, changes in political momentum typically revolve around a seminal political battle.
After the Republican sweep in 1994, that battle was over the GOP plan to cut Medicare to provide tax cuts for the rich. It featured Newt Gingrich’s government shutdown and his subsequent retreat in 1995. From that point forward, Clinton built momentum and ultimately defeated the Republican nominee Bob Dole by 8.5percentage points.
A similar decisive battle turned the tide ten years later, after the Republican victory in 2004. In the months following their defeat, Democratic prospects looked bleak. Republicans controlled the Senate, House and the Presidency and were poised to seize control of the Supreme Court for a generation.
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Robert R. Hoopes, Jr.: Is Sarah Palin Out-Donalding The Donald?
May 28th, 2011 | Posted by Global Investors I believed Palin all along when she said she wasn’t focused on 2012, when she resigned from her governorship, when she talked to Oprah, and I believe her now: Palin isn’t thinking about running for President. She is thinking about Sarah Palin, Inc.
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Regina Weinreich: Robert Kennedy, Jr. Gets a Bird of Prey: The Last Mountain Premiere
May 28th, 2011 | Posted by Global InvestorsHe always shows up, said director Bill Haney, explaining why he bestowed a bald eagle crafted out of recycled moose antler by Iroquois Indian Stan Hill to Robert Kennedy, Jr. “He walks with kings and still has the common touch,” Haney went on praising Kennedy’s commitment to the men and women in Appalachia threatened by the raping of coal from the mountains that secure their communities. Kennedy is also a star of Haney’s new documentary, The Last Mountain.
The mountain in question still stands grand. Surely not the last mountain on the planet, Coal River Mountain might as well be as it signifies the global struggle for green over greed in the film. Kennedy “shows up,” coming to the aid of a citizen’s group dedicated to stopping the systematic demise of the mountains as a private company blasts away for coal.
At Wednesday evening’s premiere dinner at Rouge Tomate, the talk was on the “coal-friendly” politicians, lobbyists, the betrayal of the Bush administration, what about their “souls,” and what they leave behind to their children? And what of the Obama administration’s slow movement in protecting this vital piece of America?
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Robert Scheer: Access Journalism: The Movie
May 25th, 2011 | Posted by Global InvestorsIt is not true, as a Wall Street Journal reviewer claimed, that the HBO movie version of Andrew Sorkin’s book “Too Big to Fail” was “Too Boring to Watch.” On the contrary, the problem with the film, featuring excellent acting and taut direction, as with the richly anecdotal book, is that it is all too effectively misleading.
Fortunately, if viewers have already watched “Inside Job,” the spot-on Academy Award winner, they will not be led too far astray by this film’s adulation of the likes of Henry Paulson and Timothy Geithner. Paulson is portrayed as an eminently decent man, troubled by the imperfections of the TARP bailout, and when he throws up off camera in one scene it is not at all suggested that perhaps he could be disgusted that the misery he brought to the world had left him a billionaire.
When he resigned his position as head of Goldman Sachs to become treasury secretary, he cashed in $485 million in Goldman stock and was saved from a $100 million tax liability because he was entering government “service.” The film barely mentioned that Paulson was the head of Goldman Sachs when his company deceptively packaged and sold the collateralized debt obligations (CDOs) based on the subprime and Alt A mortgages that proved so toxic.
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Robert Scheer: Access Journalism: The Movie
May 25th, 2011 | Posted by Global InvestorsIt is not true, as a Wall Street Journal reviewer claimed, that the HBO movie version of Andrew Sorkin’s book “Too Big to Fail” was “Too Boring to Watch.” On the contrary, the problem with the film, featuring excellent acting and taut direction, as with the richly anecdotal book, is that it is all too effectively misleading.
Fortunately, if viewers have already watched “Inside Job,” the spot-on Academy Award winner, they will not be led too far astray by this film’s adulation of the likes of Henry Paulson and Timothy Geithner. Paulson is portrayed as an eminently decent man, troubled by the imperfections of the TARP bailout, and when he throws up off camera in one scene it is not at all suggested that perhaps he could be disgusted that the misery he brought to the world had left him a billionaire.
When he resigned his position as head of Goldman Sachs to become treasury secretary, he cashed in $485 million in Goldman stock and was saved from a $100 million tax liability because he was entering government “service.” The film barely mentioned that Paulson was the head of Goldman Sachs when his company deceptively packaged and sold the collateralized debt obligations (CDOs) based on the subprime and Alt A mortgages that proved so toxic.
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Robert Simon Jr., Death Row Inmate, Receives Last-Minute Stay Of Execution From Mississippi Court
May 24th, 2011 | Posted by Global Investors
OXFORD, Miss (Reuters) — The scheduled execution in Mississippi on Tuesday of a man who killed a family of four in 1990 has been stayed by the U.S. Court of Appeals for the Fifth Circuit, according to a court document.
The Mississippi Department of Corrections said it was waiting for the court’s opinion, and was ready to carry out the orders of the court.
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Robert Weingartz Chairman And CEO Of AirPlay Direct Recognized In Music Row “In …
May 22nd, 2011 | Posted by Global InvestorsRobert Weingartz, Chairman and CEO of AirPlay Direct, has been recognized by Music Row magazine in their annual “In Charge” edition which profiles Nashville’s top music industry decision makers.
The prestigious Music Row publication – on stands now – includes the following profile about Weingartz:
Robert Weingartz founded digital-to-radio music delivery platform AirPlay Direct in 2005 and relocated to Nashville in 2009. Current artist members include Roy Orbison, Tim McGraw, Dolly Parton, Robert Plant, Susan Boyle, Charlie Daniels and others. Weingartz is also Publisher & Founder of their digital publication, the Direct Buzz. He was recognized by Music Connection Magazine… View full post on Live News from PR-USA.net
Robert Teitelman: The Economist Joins the Tech Bubble Herd
May 18th, 2011 | Posted by Global Investors The closest thing to a bubble in tech these days may be the rush to declare it a bubble in the media. Even if it turns out to be the case, it would be more luck than prescience.
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