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Chris Christie: I Never Hugged Obama

Johnson’s legendary arm-twisting and a Congress dominated by his fellow Democrats lead to creation of two landmark government health programs: Medicare for the elderly and Medicaid for the poor. (AFP/AFP/Getty Images) 1974 President Richard Nixon wants to require employers to cover their workers and create federal subsidies to help everyone else buy private insurance. The Watergate scandal intervenes. (Photo by Keystone/Getty Images) 1976 President Jimmy Carter pushes a mandatory national health plan, but economic recession helps push it aside. (Photo by Central Press/Getty Images) 1986 President Ronald Reagan signs COBRA, a requirement that employers let former workers stay on the company health plan for 18 months after leaving a job, with workers bearing the cost.
Source: http://www.obamastudentloanforgiveness.net http://www.huffingtonpost.com/2013/10/26/obama-health-care_n_4165939.html

Peter King (R-N.Y.) on Sunday urged President Obama to “stop apologizing” for the National Security Administration’s surveillance programs. “I think the president should stop apologizing, stop being defensive,” King said on NBC’s “Meet the Press.” “The reality is the NSA has saved thousands of lives — not just in the United States, but also in France and Germany and throughout Europe.”The surveillance programs are again in the news following reports that the NSA monitored German Chancellor Angela Merkel’s cellphone and millions of phone calls in France. King, the former chairman of the House Homeland Security Committee, suggested France and Germany shouldn’t act so indignant about NSA surveillance in their countries. “And the French are someone to talk. The fact is, they’ve carried out spying operations against the United States — both the government and industry,” King said. “As far as Germany, that’s where the Hamburg Plot began, which led to 9/11.
Source: http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/27/peter-king-obama-should-stop-apologizing-for-nsa/

3 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama David Jackson, USA TODAY 10:29 a.m. EDT October 27, 2013 President Obama (Photo: Win McNamee, Getty Images) Tags Barack Obama SHARE 5 CONNECT 29 TWEET 3 COMMENTEMAILMORE A new cable network targeting young Hispanics has a special guest for its opening day on Monday: President Obama. Fusion — which describes itself as a “news, pop culture, and satire TV and digital network,” and is a joint venture of ABC News and Univision — announced Sunday that Obama will be a guest on “AMERICA with Jorge Ramos” at 7 p.m. Monday. Expect immigration and Obamacare to be major topics.
Source: http://www.usatoday.com/story/theoval/2013/10/27/obama-fusion-interview-immigration-abc-news-univision/3280547/

Obama knew of NSA spying on Merkel and approved it, report says

Thats what New Jersey Gov. Chris Christie is doing about his alleged hug with Obama last year when the president arrived atAtlantic City International Airport to tour the devastation from Hurricane Sandy, six days before Election day. The potential Republican 2016 presidential candidate made a point to clear up the misconception in an interview with ThePhiladelphia Inquirerpublished Sunday, discussing the approaching one-year anniversary of the storm. It was a handshake like you would shake hands with anyone, he said. It was a perfectly natural, casual, normal type of greeting between two people. And you know, its become legend. Christie said the famed snapshotshowing the two leaders gripping hands and Obama with a hand on Christies shoulderportrayed Christies bipartisan side, incited anger among some Republicans, and has been a constant source of questioning, even by those who havent seen the photo.
Source: http://swampland.time.com/2013/10/27/chris-christie-i-never-hugged-obama/

Issa: Obama Needs to Fire Officials Over Obamacare Failure

Issa wants to know why she didn’t know. Sebelius declined to testify last Thursday, citing a scheduling conflict, but is set to testify Wednesday before the House Energy and Commerce Committee. Using an iceberg analogy, Issa said his committee is looking for “quick answers” to straighten out as much of the “above the water” issues, such as the website glitches. He also wants to address the 90 percent of the problems below the water. Those include 2,500 counties 58 percent that have only one or two companies bidding to provide health insurance. It’s “a question of cost and benefit” to people, Issa said.
Source: http://www.newsmax.com/Newsfront/Issa-fire-obamacare-failure/2013/10/27/id/533280

According to The New York Times, Susan E. Rice, the presidents national security adviser, insisted that Obama did not know about the monitoring of Merkels phone, during a call last week with Christoph Heusgen, Rices German counterpart. The unnamed NSA official’s allegations delve deeper into a Saturday report, published by the German magazine Der Spiegel, claiming the U.S. spy agency has monitored Merkels phone since 2002, or even before she rose to her countrys chief executive position and was only an opposition leader. The revelations follow earlier reports of the NSA monitoring phone calls made by French and German citizens, an account prompting both nations foreign ministries to summon the respective American ambassadors to each country for an explanation. Much — if not all — of the reporting on the alleged spying scandal stems from documents leaked by former NSA contractor Edward J.
Source: http://www.foxnews.com/politics/2013/10/27/obama-knew-nsa-spying-on-merkel-and-approved-it-report-says-944692234/

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‘white Hat’ Hackers Expose Flaws Of U.s. Stock Market

The number includes base salary paid to CEOs, in addition to the value of options granted in previous years that CEOs sold in 2012. CEO pay measured this way jumped for the third straight year, following double-digit percentage gains in 2010 and 2011, GMI found. This massive payback may just be a taste of the payouts coming next year, as options soar even more with the Standard & Poor’s 500 up more than 20% this year. CEOs’ giant 2012 pay also comes even as regulators look to implement more rules called for by the Dodd-Frank law to attempt to reign in skyrocketing CEO pay. “The numbers have gone completely over the top,” says Eleanor Bloxham of The Value Alliance. “Boards of directors risk political backlash when they can contribute to these levels of inequity.” This in-depth look at CEO pay reveals some interesting insights, including: Record-breaking paychecks.
Source: http://www.usatoday.com/story/money/business/2013/10/21/ceo-pay-soars-stock/3003155/

It Could Happen Using multiple attack vectors, including those originating from external sources and malicious insiders, individuals from the private and public sector participating in the SIFMA exercise gained experience reacting to realistic attempts by hackers to crash the technical systems that serve as the lifeblood of U.S. equity markets. With motives varying from a desire to steal billions of dollars, disrupt equities markets or degrade a firms post-trade processing capability, participants fought off attempted phishing schemes, corruption in widely-used source code, distributed denial of service attacks, fraud designed to falsely move the market as well as stolen administrator accounts that triggered automatic selloffs in target stocks. To top it all off, malicious code and equipment was introduced that in a real-world scenario, would serve to divert authorities in their investigation and slow down response time. The more realistic the exercise, and the more involved the traders and the hierarchy of the exchanges and the whole financial community are in these exercises, the better prepared theyll be if and when attacks from a cyber standpoint occur, Leighton said.
Source: http://www.foxbusiness.com/technology/2013/10/22/white-hat-hackers-expose-cyber-flaws-us-stock-market/

T. Rowe Price Profit Rises 9% on Global Stock Market Gains

Earnings beat the 97-cent average estimate of 14 analysts in a Bloomberg survey. Customers pulled $7.4 billion, the http://www.todayhotstocks.com second straight quarter of net redemptions at the money manager that has posted a profit every quarter since going public in 1986. The withdrawals were offset by the appreciation in market values as the MSCI ACWI Index of global stocks rose 7.4 percent in the quarter and 15 percent in the year through Sept. 30. Withdrawals are the most relevant metric investors will focus on, Michael Kim , an analyst in New York with Sandler ONeil & Partners LP, said in an interview before results were announced. T.
Source: http://www.bloomberg.com/news/2013-10-24/t-rowe-price-profit-rises-9-on-global-stock-market-gains.html

Stock Market Correction: Is It Worth Waiting For?

Letting the lack of a stock market correction keep you from investing entirely would be a big mistake. Millions of Americans have done exactly that, waiting on the sidelines since the market meltdown five years ago and therefore missing the big bull market that followed. You can learn more about how to overcome your fears and invest by reading our brand-new special report, ” Your Essential Guide to Start Investing Today .” Inside, The Motley Fool’s personal finance experts show you why investing is so important, and what you need to do to get started. Click here to get your copy today — it’s absolutely free. Tune in to Fool.com for Dan’s regular columns on retirement, investing, and personal finance. You can follow him on Twitter @DanCaplinger .
Source: http://www.fool.com/investing/beginning/2013/10/23/stock-market-correction-is-it-worth-waiting-for.aspx

Preferred-Stock Investors See More Choices in Today’s Market

Human nature doesnt change. People start to see a new technology that catches traction, hits critical mass, and brings in more customers, which brings in more traction, which brings in more people who want to invest in the technology, and things start to get bubbly and fortunes are made and then the bubble pops as people recognize that you had to actually know which companies were making the right moves and developing the right technologies to stay in front of each respective revolution. Do you really question that mobile apps are revolutionary? Do you really question that were heading into an App Future? Do you really question that there will be hundreds of companies created, built into mini-juggernauts, and then flamed out? Do you really question that there will be vast fortunes created in this App Revolution and that the biggest and best app companies will reap huge profits? So lets get back to 2013 here and what does all this say to you now?
Source: http://blogs.marketwatch.com/cody/2013/10/23/setting-up-for-the-biggest-stock-market-bubble-of-all-time/

Bitcoin, bubbles and the aging adult-film star of the stock market

But in anticipation of the Fed backing out of its QE program, preferred-stock prices came back down over the summer. With the average market price for high-quality preferred stocks now at $24.18, the risk of capital loss that calls previously carried has gone away for today’s buyers. In fact, those paying less than $25 per share in today’s market will realize a capital gain if their shares are called by the issuing company. Instead of fearing a call, as they did earlier this year, today’s preferred-stock buyers are now looking forward to the capital gain that a downstream call will deliver. Because high-quality preferred-stock shares can once again be purchased for less than $25 per share, issues that have exceeded their respective call dates and are now callable are coming back into the game, further broadening your choice of candidates to pick from.
Source: http://www.fool.com/investing/dividends-income/2013/10/22/preferred-stock-investors-see-more-choices-in-toda.aspx

Stock Market Gains Likely To Continue As QE Remains

Penney /quotes/zigman/237947 /quotes/nls/jcp JCP is like Jenna Jameson these days, according to ChessNWine. In fact, the stock might be so washed up and bad that it is good. If you missed what hes referring to, consider yourself lucky. But if you must, heres the train wreck of a has-been porn star interview . Anyway, back to J.C. Penney. ChessNWine says to watch this falling wedge for some upside resolution, at least back up to the purple support line. I am not saying this is a healthy chart at all, he wrote.
Source: http://blogs.marketwatch.com/need-to-know/2013/10/24/bitcoin-bubbles-and-the-aging-adult-film-star-of-the-stock-market/

Setting up for the biggest stock market bubble of all time

Baidu Baidu (BIDU) also ignited into 2013 highs and has a new pivot at $166.39. Amazon (AMZN) ignited through 2013 highs of $323 and extended well. Your new pivot is $331.89. Apple Apple (AAPL) has been steady to the upside since around $493 and is now opening above $510. It looks good to potentially continue higher and earnings arent until next Tuesday.
Source: http://www.forbes.com/sites/greatspeculations/2013/10/21/stock-market-rally-rolls-on-apple-and-google-still-rising/

Stock Market Rally Rolls On, Apple And Google Still Rising

Patrick OHare, chief market analyst at Briefing.com, said he doesnt expect the Fed to move at all this year and said its a close call whether or not the Fed decides to act at its January or March Federal Open Market Committee meeting. Bush said he believes the Fed may just wait to curb QE even longer than March. I think they will wait until they see signs of inflation, he said. The S&Ps rise comes in the thick of corporate earnings reports, and OHare said earnings news should follow the pattern they set so far this year: beating lower expectations. That means earnings shouldnt hold any surprises.
Source: http://www.forbes.com/sites/kitconews/2013/10/21/focus-stock-market-gains-likely-to-continue-as-qe-remains/

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White House Official Says Obama Would Accept Short-term Agreement On Debt Ceiling

Gene Sperling, director of the National Economic Council, said members of Congress ultimately have the responsibility to decide how often they want to raise the debt ceiling, although he argued that an extended hike is preferable. I think longer is better for economic certainty and jobs, but it is ultimately up to them, Sperling said in a morning discussion hosted by Politico. The Treasury says it will run low on cash in as little as 10 days, placing the nation at risk of a historic default. Some Republicans have suggested that if Congress cant reach an agreement by Oct. 17, they might try to forge a coalition to support an interim measure to increase the $16.7 trillion debt ceiling for as little as six weeks. Sperlings comments Monday suggested that the White House would accept such a measure.
Source: http://www.washingtonpost.com/politics/white-house-official-says-obama-would-accept-short-term-agreement-on-debt-ceiling/2013/10/07/ef7b1d94-2f56-11e3-8906-3daa2bcde110_story.html

Obama demands quick House vote on shutdown

It drew more than 62,000 visitors, a new record. – [/] Photo Platform Gallery’s Chen Wei and one of his “Recovery Room” series at Liste Young Artist’s show. By the time the week was over he had sold more than 10 works, with prices ranging from $1,800 to nearly $3,000. – [/] A performance spectator admires some of the pieces at Basel Art. – [/] Photo A performance piece at Basel Scope, done by an unidentified nearly naked man who moved in slow motion up and down the aisles dressed like a Greek version of Mars, the god of war.
Source: http://www.globalpost.com/dispatch/news/regions/asia-pacific/131007/obama-asia-summit-cancellation-china-victory

Obama Echoes No-Negotiations Stance as Congress Deadlocks

He also warned of the dangers of default. Ive talked with John Boehner; I know he doesnt want to default, Lew said on Fox News Sunday. He also didnt want to shut the government down. And here we are with a government shutdown. The U.S. will run out of borrowing authority on Oct. 17 and will have about $30 billion in cash after that. The country would be unable to pay all of its bills, including benefits, salaries and interest, sometime between Oct.
Source: http://www.bloomberg.com/news/2013-10-07/obama-echoes-no-negotiations-stance-as-congress-deadlocks.html

Obama Says No Negotiations Until Debt Ceiling, Funding Settled

Call a vote right now and lets see what happens. Boehner said Sunday that there arent enough votes to end the shutdown without Obama negotiating to delay or otherwise make changes to the new health care reform law, a statement that cut sharply against vote counts done by news organizations and the statements of numerous moderate Republicans who have publicly said they would join with Democrats to reopen the government at current spending levels if Boehner allows a bill to come to the floor. There are not the votes in the House to pass [a clean spending bill], Boehner said. One of the moderate Republicans who favors passing clean funding bill a so-called continuing resolution funding the government without changes to the health care law said moments after Obamas remarks that he agrees there are enough votes. I believe there are the votes to pass a clean [continuing resolution], Pennsylvania Republican Rep. Charlie Dent said on CNN. Im going to insist the Speaker try to bring out a clean, continuing resolution. Speaking on the House floor later, Boehner said its Obama who is making the shutdown drag on.
Source: http://swampland.time.com/2013/10/07/obama-says-boehner-bluffing-hold-a-vote/

Obama Says Boehner Is Bluffing: ‘Hold a Vote’

Were not going to negotiate under the threat of economic catastrophe, Obama said at the Washington headquarters of the Federal Emergency Management Agency, where he met with some of the federal workers who are still on duty. House Speaker John Boehner said yesterday the Republican-controlled chamber wont pass an increase to the federal debt limit without concessions from Obama. The president has repeatedly rejected any negotiations on either the debt ceiling or funding government operations. There were few signs of the stalemate breaking a week into a government shutdown and 10 days from when Treasury Secretary Jacob J. Lew says the U.S. will exhaust measures to avoid breaching the debt ceiling.
Source: http://www.bloomberg.com/news/2013-10-07/obama-says-no-negotiations-until-debt-ceiling-funding-settled.html

Obama’s Asia summit no-show: How it looks from over there

Obama said he http://www.obamastudentloanforgiveness.net/ strongly suspects there are enough votes in the House to reopen the government today. SEE ALSO: Shutdown casualty: Crisis halts data lawmakers could use to solve budget The truth of the matter is, there are enough Republican and Democratic votes in the House of Representatives right now to end this shutdown immediately with no partisan strings attached, Mr. Obama said during a surprise visit to FEMA headquarters in the district. The House should hold that vote today. The president said he is happy to talk to Republicans about budget issues, but not under threat of a shutdown or a government default. Were not going to establish that pattern, Mr.
Source: http://www.washingtontimes.com/news/2013/oct/7/white-house-takes-tough-line-default-threat/

Obama calls impact of government shutdown ‘heartbreaking’

“I know that Republicans in the House of Representatives are hearing the same kinds of stories.” The standoff, which began at the start of the new fiscal year on Tuesday and shuttered all but essential government operations, is the latest in a series of budget standoffs between Obama and congressional Republicans. In the past, Republicans have insisted on spending cuts as the price for budget deals or lifting of the government debt limit. Their current stand is aimed at derailing Obamacare, which will expand insurance to millions without coverage. Republicans argue that the law is a massive government intrusion into private medicine that will cause insurance premiums to skyrocket. Obama and his fellow Democrats vow that they will make no such concessions in exchange for an agreement to reopen the government.
Source: http://www.reuters.com/article/2013/10/05/us-usa-fiscal-obama-idUSBRE99403I20131005?feedType=RSS

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Contractor Stocks Slammed By Shutdown

Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower amid thin trade at KSE on concerns over economic uncertainty. Trade remained mainly in second and third tier stocks. Uncertainty over outcome of Supreme Court warnings to government on raise in power tariff, limited foreign interest, and lower global commodities played a catalyst role in bearish sentiments despite speculations ahead of expected sale of SoEs. On technical charts, analyst Qasim Anwar at AKD Securities said that pullback could be expected to terminate as index approaches 22,320 a 22,525 resistance zone. The technical analyst maintained a bearish outlook below 22,857 level sighting possibilities for near-term weakness towards 21,451 a 21,416 and 20,924 levels.
Source: http://www.dawn.com/news/1047505/stocks-remain-range-bound-on-low-turnover

Anita Williamson of Bristol, England, says she and her husband were wrong to borrow so much during the boom 1.3 million pounds ($2.1 million), much of it to buy a home. But she says the banks were far too eager to lend. One bank allowed a loan to be “self-certified,” a practice mostly banned now that allowed lenders to take the word of borrowers that they could afford the debt. “It’s very easy for people to believe the so-called experts at the bank,” says Williamson, 55, who had to declare bankruptcy to get out of most of her debt. When it comes to finances, she adds, she won’t touch a bank again with a “barge pole.” In this Aug.
Source: http://news.yahoo.com/ap-impact-families-hoard-cash-5-yrs-crisis-042042926.html

Bigger Concern The budget impasse has raised concern that lawmakers will be unable to make progress on a deal to increase the debt limit. The Treasury has said measures to avoid exceeding the $16.7 trillion cap will be exhausted by Oct. 17 and warned yesterday that a default could have catastrophic consequences that might last decades. A federal default is a bigger concern for markets than the budget disagreement, said Manish Singh , who helps manage $2 billion as head of investments at Crossbridge Capital in London .
Source: http://www.bloomberg.com/news/2013-10-04/u-s-stock-futures-rise-as-investors-await-shutdown-talks.html

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Source: http://money.cnn.com/2013/10/04/investing/government-contractor-stocks/index.html