2nd quarter GDP estimate cut to 1.6%
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Mexico City's thousands of stores went green Wednesday, as amended ordinances on solid waste now outlaw businesses from giving out thin plastic bags that are not biodegradable.Read More......
The law affects all stores, production facilities and service providers within the Federal District, which encompasses the city limits. Nearly 9 million people live inside the district and another 10 million reside in surrounding communities that make up greater Mexico City.
Mexico City becomes the second large metropolitan area in the Western Hemisphere to outlaw the bags. San Francisco in March 2007 enacted an ordinance that gave supermarkets six months and large chain pharmacies about a year to phase out the bags. Los Angeles is set to impose a ban if the state of California does not enact a statewide 25-cent fee per bag by July.
About 90 percent of the bags used in the United States are not recycled.
Liberal activists are pressuring Senate Majority Leader Harry Reid (D-Nev.) and party leaders to crack down on renegade centrist Democrats who might block President Barack Obama’s healthcare overhaul.Yes, we're beyond irritated that Obama has let his staff, led by Rahm and Jim Messina, let the Baucus fiasco fester. But, Reid is the Majority Leader and has some say in this. Greg Sargent thinks presents a real opportunity for the Majority Leader:
It’s worth noting that widespread disappointment with President Obama among rank and file Democrats for his conciliatory posture towards the GOP and “centrist” Congressional Dems presents a big political opportunity for Harry Reid. No idea if he’ll seize it, but it’s there.We need a hero. Harry Reid needs to put on his boxing gloves and start delivering. McJoan thinks so, too:
Reid has a chance to emerge as a hero to Democrats who want action at a time when they’re sorely in need of one. If he makes good on his threat to get health reform through the Senate via “reconciliation,” rolling over “centrist” Dems, it would resonate strongly with those on the left who blame current Dem leaders — Obama included — for stubbornly refusing to acknowledge the GOP’s desire to scuttle reform at all costs.
Reid has a unique opportunity to lead here, if he makes good on the threat. The plug has to be pulled (no pun intended) on the Baucus debacle before more damage is done. Bypass Finance and move on without them. It would solidify Reid's leadership in the Dem caucus, because the majority of Dem Senators cannot be pleased with the way leadership and the White House have allowed Baucus to handle this. I'm not entirely sure that it will bring progressives back to the Reid fold, it would sure make Netroots Nation 2010 [in Las Vegas] a more pleasant experience for him.Chris Bowers has been doing a whip count on Democratic Senators who support the public option. It can happen. But, we need leadership. Read More......
Under fire from Sarah Palin and th Wall Street Journal over a proposed $2 billion loan to the Brazilian oil giant Petrobras, the U.S. Export Import Bank is circulating a fact sheet [pdf] defending its proposal.Yeah, the self-described energy expert, Sarah Palin, got it wrong. What's new? The Ex-Im bank actually makes money for the U.S.
The document makes the point — left out by Palin's demand for more American jobs — that the bank is an export credit agency, designed to finance the purchase of U.S. goods and services.
"Only American made goods and services qualify for Ex-Im Bank loans or guarantees. This is the government doing what it's supposed to do — create jobs and make sure that Americans get a fair shot at selling goods and services and to help American workers compete on a level playing field," said the document, being circulated by Bank officials on Capitol Hill.
The numbers tell the story: In three key cases where Obama has dropped significantly, he’s also dropped by sizable margins among Dems and liberals. Let’s take the major findings driving the discussion today, and compare them with his drop among Dems and libs:Obama's brain trust has decided the base doesn't matter. Rahm Emanuel, Jim Messina (and probably Jim Margolis) have focused on the false promise of bipartisanship, which has required scaling back what we were led to believe was Obama's agenda. They're obviously the smartest people in the world and think the rest of us are stupid and wouldn't notice. But, we have. The numbers speak for themselves. Many of us in the base aren't happy.
* The WaPo poll found that “49 percent now express confidence that Obama will make the right decisions for the country, down from 60 percent at the 100-day mark in his presidency.”
On that question, among liberals, Obama has dropped a surprising 12 points, from 90% to 78%, in the same time period. Among Dems, he’s dropped eight points, from 90% to 82%.
* The WaPo poll found that “forty-nine percent now say they think he will be able to spearhead significant improvements in the system, down nearly 20 percentage points from before he took office.”
On that question, among Dems, Obama has fallen a surprising 11 points during that time period, from 90% to 79%. Among liberals it was even steeper: A drop of 13 points, from 84% to 71%. (This could also partly be a referendum on Congress, but it’s still suggestive.)
* The WaPo poll also found a steep drop in approval of Obama’s handling of health care, which now stands at 46%, down 11 points from 57% in April.
But guess what: The drop during that time period was the same among liberals: Down 11 points, from 81% in April to 70% now. Among Dems overall, Obama fell six points, from 83% to 77%.
WaPo polling analyst Agiesta cautioned that independents were likely a greater factor, but she said Obama’s problems among Dems and liberals were clearly playing a key role: “This is the first sign that something is going wrong with his base.”
Here's the least surprising news of the week: Americans are souring on the Democratic Party. The wonder is that it's taken so long for public opinion to curdle. There's nothing agreeable about watching a determined attempt to snatch defeat from the jaws of victory.Read More......
A poll released Wednesday by the Pew Research Center reports that just 49 percent of respondents have a favorable view of the Democrats, compared with 62 percent in January and 59 percent in April. This doesn't mean, though, that Americans look any more kindly upon the Republican Party -- favorability for the GOP has been steady at 40 percent throughout the year, according to Pew.
What it does mean, however, is that Republican efforts to obstruct, delay, confuse, stall, distort and otherwise impede the reform agenda that Americans voted for last November have had measurable success. And it means that Democrats, having been given a mandate -- one as comprehensive as either party is likely to enjoy in this era of red-vs.-blue polarization -- don't really know how to use it....
Democratic leaders should stop backpedaling, stop apologizing and show their followers -- by words and deeds -- that the principle of universal health care is worth fighting for. They should even allow themselves to raise their voices at times -- not motivated by anger but by conviction.
Public confidence in President Obama's leadership has declined sharply over the summer, amid intensifying opposition to health-care reform that threatens to undercut his attempt to enact major changes to the system, according to a new Washington Post-ABC News poll.Joe and I have been predicting this for months. A steep drop in the polls as liberal disaffection with Obama spreads to the public at large. And the next shoe to drop, which we also predicted: Where does the Obama administration go for help, once they're below 50%, after pissing off, and pissing on, all of their friends on the way up? Read More......
Among all Americans, 49 percent now express confidence that Obama will make the right decisions for the country, down from 60 percent at the 100-day mark in his presidency. Forty-nine percent now say they think he will be able to spearhead significant improvements in the system, down nearly 20 percentage points from before he took office.
As challenges to Obama's initiatives have mounted over the summer, pessimism in the nation's direction has risen: Fifty-five percent see things as pretty seriously on the wrong track, up from 48 percent in April....
There has also been slippage among independents on broader measures of Obama's presidency. His job approval among independents now stands at 50 percent, the lowest level of his presidency. For the first time, more independents strongly disapprove than strongly approve of how he is doing. His approval among independents is also below 50 percent on the economy, the deficit and taxes.
[T]here’s a growing sense among progressives that they have, as my colleague Frank Rich suggests, been punked. And that’s why the mixed signals on the public option created such an uproar.You really need to read the entire piece. The criticism of Obama, and the concerns about his character and increasingly tarnished brand, are going mainstream. The administration didn't care when the Netroots tried to warn them the past eight months, and long before that, that they were hurting the cause, and in the process, hurting their boss. And now, the cat's out of the bag. Read More......
Now, politics is the art of the possible. Mr. Obama was never going to get everything his supporters wanted.
But there’s a point at which realism shades over into weakness, and progressives increasingly feel that the administration is on the wrong side of that line. It seems as if there is nothing Republicans can do that will draw an administration rebuke: Senator Charles E. Grassley feeds the death panel smear, warning that reform will “pull the plug on grandma,” and two days later the White House declares that it’s still committed to working with him.
It’s hard to avoid the sense that Mr. Obama has wasted months trying to appease people who can’t be appeased, and who take every concession as a sign that he can be rolled.
Indeed, no sooner were there reports that the administration might accept co-ops as an alternative to the public option than G.O.P. leaders announced that co-ops, too, were unacceptable.
So progressives are now in revolt. Mr. Obama took their trust for granted, and in the process lost it. And now he needs to win it back.
It's not just the ocean off the Northeast coast that is super-warm this summer. July was the hottest the world's oceans have been in almost 130 years of record-keeping.Read More......
The average water temperature worldwide was 62.6 degrees, according to the National Climatic Data Center, the branch of the U.S. government that keeps world weather records. June was only slightly cooler, while August could set another record, scientists say. The previous record was set in July 1998 during a powerful El Nino weather pattern.
At a full degree above the 20th century average of 61.5 degrees, "the global ocean surface temperature for July 2009 was the warmest on record," the center said.
Large portions of many continents had substantially warmer-than-average temperatures, the center stated.
To prepare himself for his new role as chief executive of Tesco Retailing Services Higginson, the group's former finance director, has begun studying for his banking exams. During the Treasury select committee's probe into the causes of the financial crisis it emerged that many senior executives, including HBOS chief executive Andy Hornby, did not hold any banking qualifications.Read More......
Last year Tesco bought RBS's 50% stake in Tesco Personal Finance (TPF) for £950m and Higginson said the call centre, which will open next year, was a "significant step" towards offering a full banking service. It has doubled the headcount at TPF's Edinburgh headquarters to 400. Another 500 former RBS employees are also expected to transfer to the new site in central Glasgow where they will handle customer sales and services calls. The Scottish government contributed £5m to the project.
Tesco wil not launch the new products until the second half of 2010 as first it has to build the IT infrastructure required to support the bank, a project Higginson described as a "huge undertaking." The personal finance arm had previously run on RBS's systems.
The rare good news on the jobs front was welcomed by the chancellor, Alistair Darling, who described it as a "strong vote of confidence in Scotland's financial services industry". The banking crisis has resulted in a wave of consolidation and Darling welcomed a new, potentially strong player: "We need more competition and that's something that we intend to encourage. The last couple of years has seen a significant reduction in the number of people, both from abroad and British-based banks, who are lending into the market."
Britain's public finances plunged further into deficit last month – usually a period when the Treasury sees an inflow of funds. Compared with the £5.2bn positive contribution to the public finances recorded in July 2008, this year saw a net outflow of £8bn, thanks to a collapse in VAT and corporation tax receipts.Read More......
City analysts were expecting a net outflow of just £500m, and the news renewed fears that the Government may find it increasingly difficult to fund its deficit – especially once the Bank of England stops buying gilts for its quantitative easing programme.
July is one of four months in the year when a substantial proportion of corporation tax receipts are received by the Exchequer; but corporation tax receipts for July 2009 were 37.9 per cent lower than the same month last year, an indication of the pressure of the downturn on business.
Only four months into the current fiscal year, cumulative public borrowing is running at £49.8bn, more than three times the comparable figure in 2008-9, and more than in the 2006-7 fiscal year. It means that the public finances are well on track to hit the Chancellor's Budget forecast of £175bn total borrowing this year, and many economists believe that borrowing could easily shoot beyond that, to £200bn, or close to 15 per cent of GDP, easily a peacetime record.
If the entering college class of 2013 had been more alert back in 1991 when most of them were born, they would now be experiencing a severe case of déjà vu. The headlines that year railed about government interventions, bailouts, bad loans, unemployment and greater regulation of the finance industry. The Tonight Show changed hosts for the first time in decades, and the nation asked “was Iraq worth a war?”Read More......
Each August since 1998, Beloit College has released the Beloit College Mindset List. It provides a look at the cultural touchstones that shape the lives of students entering college. It is the creation of Beloit’s Keefer Professor of the Humanities Tom McBride and Emeritus Public Affairs Director Ron Nief. It is used around the world as the school year begins, as a reminder of the rapidly changing frame of reference for this new generation.
Activists in the U.S., as well as Thailand and other developing countries, have accused the Obama administration of blocking greater access to affordable drugs in a bid to win the pharmaceutical companies' support for its healthcare overhaul.Read More......
Organizations such as Doctors Without Borders and Oxfam International -- an anti-poverty group -- said they had hoped President Obama would join them in the fight to make generic drugs available to combat disease in impoverished countries.
But "it appears that Obama appointees are continuing to work from the playbook of the last administration," said Oxfam policy advisor Rohit Malpani. The British-based group had opposed President George W. Bush's trade policies as being detrimental to public health.
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