Tuesday, 31 March 2009

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Thursday, 26 March 2009

Get your tickets for the White House Easter Egg Roll online

Want to join Michelle and Barack and the kids on the South Lawn of the White House for the annual White House Easter Egg Roll on April 13?
This year, for the first time, you can get free tickets online -- starting Thursday morning.
In previous years, you had to go to Washington, D.C., the weekend before the event. Now, all you have to do is go to www.whitehouse.gov/eastereggroll and sign up.
No word on how many tickets will be available.

The theme of the 131st event is "Let's go play," encouraging America's youth to lead healthy and active lives.
The event, 8 a.m. to 5 p.m., is open to children 10 and younger, along with their families.
Dating to 1878, the Easter egg roll has children using spoons to roll hard-boiled eggs across the lawn.
Activities this year will also includes sports, cooking classes, musical performances and storytelling.
A maximum of six tickets will be issued per order, and there may be no more than two adults per group.
For more information, call 202-456-7041.

Obama utilizes internet to connect with public at Whitehouse.gov

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"Open for Questions" online feature allows users to post questions for President Obama to answer during online town hall.

In yet another effort to increase transparency within the White House, the Obama Administration has created an online feature that allows American citizens to post questions on the White House’s website, which will be read and answered by President Barack Obama Thursday morning during an online town hall.

The feature called “Open for Questions” is a new experiment that the Obama Administration is conducting in order to reach out to the American people.

Although the streamed event will focus on the economy, questions posed on the site range from green energy, to the War on Drugs and have been raised by ordinary people.

These questions will be voted on to determine which ones will be answered by the President.

The White House’s website states that the event, a first of its kind, “will give Americans from around the country a direct line to the Administration.”

Obama has recently visited cities around the country for traditional town hall meetings, but as Obama states, this town hall will vary slightly.

“We are going to try something a little different, we are going to take advantage of the internet to bring all of you to the White House to talk about the economy,” said Obama in a video message on the website.

Potential questioners submitted and voted on a question at this address. The website encourages participants to include a brief 30 second video of their question, although it is not required.

Questions have been organized into 11 different categories with nearly 55,000 questions being submitted, receiving 2 million votes so far.

The town hall is currently being held as of this writing

Much like his campaign, Obama is once again utilizing the internet in order to connect with the American People. Depending on the success of the experiment, it may be a useful tool for the Obama Administration to gain insight on the concerns of ordinary Americans.

“This is an experiment, but it’s also an exciting opportunity for me to look at a computer and get a snapshot of what Americans across the country care about. I’m looking forward to the results. We may not always agree on everything, but this way I can get a sense of your concerns and give you some straight answers,” said President Obama,

Denver International Airport Weather!

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Poor weather conditions are causing delays at Denver International Airport today. Denver International Airport weather for today is the following:

Delays by Destination [DENVER]:

* Due to WEATHER / LOW CEILINGS, departure traffic destined to Newark International Airport, Newark, NJ (EWR) is currently experiencing delays averaging 1 hour and 27 minutes.
* Due to WEATHER / LOW CEILINGS, departure traffic destined to La Guardia Airport, New York, NY (LGA) is currently experiencing delays averaging 55 minutes.
* Due to WEATHER / LOW CEILINGS, departure traffic destined to Philadelphia International Airport, Philadelphia, PA (PHL) is currently experiencing delays averaging 2 hours and 32 minutes.

General Departure Delays: Traffic is experiencing gate hold and taxi delays lasting 15 minutes or less.

The National Weather Service is reporting the following conditions:

Conditions at

2009.03.26 1601 UTC
Wind from the ENE (070 degrees) at 24 MPH (21 KT) gusting to 29 MPH (25 KT)
Visibility 1 mile(s)
Sky conditions overcast
Weather Light snow
Mist
Precipitation last hour A trace
Temperature 26 F (-3 C)
Windchill 10 F (-12 C)
Dew Point 24 F (-4 C)
Relative Humidity 92%
Pressure (altimeter) 29.7 in. Hg (1005 hPa)

Denver International Airport Slammed By Colorado Blizzard

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DENVER — A major spring snowstorm dumped at least a foot of snow across the Colorado-Wyoming state line on Thursday, canceling hundreds of flights, shutting down schools and making roads treacherous.

Wyoming authorities reported at least 33 people were injured in three pileups involving about 50 vehicles on Interstate 25 just south of the state line, leading Colorado officials to close the highway for more than 40 miles south of Cheyenne. The interstate is the main north-south thoroughfare in Colorado.

Aaron Fowler, chief of Laramie County Fire District 1 in Wyoming, said many other vehicles also slid off the road while trying to avoid the wrecks.

"Visibility when I arrived on the scene was, I would say, 100 yards _ very high winds and blizzard conditions," Fowler said.

Winds were gusting to nearly 40 mph in Denver, about 100 miles south of Cheyenne. The Regional Transportation District, the Denver-area mass-transit service, pulled its buses off the roads in Longmont, Colo., 30 miles north of Denver because of whiteout conditions.

"I saw three flipped cars," said Zachary Whitaker, who spent four hours driving his grandmother to the Denver airport from Gering, Neb. "Five more run off the road. Cars in ditches all over."

Denver and large swaths of the state's eastern half were under a blizzard warning Thursday while most of the state was under a winter storm warning. Gov. Bill Ritter declared a state of emergency and activated the National Guard, though its mission was not immediately disclosed.

Forecasters predicted up to 2 feet of snow south and east of Denver by Friday and up to 15 inches in the city itself. More than a foot of snow was expected in the foothills west of Denver.

At Denver International Airport, Frontier Airlines canceled 54 flights and its Lynx commuter affiliate canceled 33, spokesman Steve Snyder said. Southwest Airlines canceled at least 82 flights.

Dozens of school districts called off classes Thursday, although many already were closed for spring break. The University of Colorado in Boulder and Colorado State University in Fort Collins shut down early.

At the state Capitol in Denver, lawmakers in the House challenged their counterparts in the Senate to a snowball fight on the statehouse lawn after both chambers and many state and federal courts closed early.

The storm was welcome news to some after a dry winter marked by repeated brush fires and fire warnings.

"It may disrupt some guys who were in the field planting," said Shawn Martini, a spokesman for the Colorado Farm Bureau. "But at this point, they can delay that because the water is more important."

___

Denver International Airport tries to weather Spring blizzard

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Amidst a major blizzard that has struck the Denver area, the city's airport is weathering the storm and thus far has remained open.  However, numerous airlines including United, Frontier and Southwest have canceled hundreds of flights in anticipation of worsening conditions.

According to DIA's public information office, they have completely mobilized their snow crews with over 300 pieces of equipment available to clear snow from the roads and runways.  Pena Boulevard, the only road in and out of the airport is open but has been reduced to one lane in each direction.  Extreme caution on the road is advised as it is very slick and winter driving conditions exist.

In excess of 200 flights have been canceled by the major airlines thus far.  United Airlines has canceled more than 60 flights and is offering a travel waiver for flights from Wednesday through Friday.  Frontier Airlines has canceled 90 flights and  is advising all travelers to expect delays and more cancellations.  Southwest airlines has canceled all of its 82 flights out of DIA.  Longer than normal taxi and tarmac waiting times can be expected due to deicing procedures that are occurring for those flights that are able to depart.

All travelers to and from Denver International Airport should check with their airlines before planning any arrivals or departures.

Wednesday, 25 March 2009

River threatens historic flooding in North Dakota

More than 1,000 volunteers rushed to fill sandbags early Wednesday as many in North Dakota tried to protect themselves from historic floods that are expected to swamp the area.

Volunteers load sandbags Tuesday at North Dakota State University in Fargo.

Volunteers load sandbags Tuesday at North Dakota State University in Fargo.

At 3:30 a.m., hundreds of volunteers were packed into individual sandbagging centers, an organizer said.

"There have been so many volunteers that we had to turn people away," said Ryan McEwan, a supervisor at one volunteer coordinating center. "It is very busy. They are filling sandbags as fast as they can."

Fargo city officials estimated that as many as 10,000 volunteers have come forward since Sunday to aid in a sandbagging effort that has taken over North Dakota State University's central arena, the Fargodome, and to help build levees along the now closely watched Red River.

That river posed the greatest risk of about eight rivers in the state that were at flood levels, emergency officials said.

The fear is that the Red River could overtake all previous records. As of Wednesday morning, the Red River ran at about 33 feet -- 15 feet above flood stage. A record level of 41.1 feet was set in April 1897.

That level could be surpassed Friday, Cecily Fong of the North Dakota Department of Emergency Services said Tuesday.

AIG VP Jake DeSantis Publicly Quits

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NY Times published resignation letter of Financial Products VP Jake DeSantis to AIG CEO Edward M. Liddy.

Jake DeSantis writes: "It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:"

Few paragraphs later DeSantis expresses the source of his resignation.

"But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut."

The letter is worth to read. It's revealing.

Reading some online real time opinions I found this one interesting. "President Obama should offer AIG.Jake DeSantis the position of overseeing the federal bailout - as of yesterday, no one else wants the job."

We will not comment on the essence of the letter of Jake DeSantis and leave our readers to make their own conclusions, but only will say that this is a classic example of AIG executive who quits in style.

Tuesday, 24 March 2009

China to buy more U.S. debt

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China, holder of nearly $1 trillion in U.S. debt, will keep buying Treasuries, but will keep a close eye on their value just the same, a Chinese government official said.

"Investing in U.S. Treasury bonds is an important component of China's foreign currency reserve investments," said Hu Xiaolian, deputy governor of the People's Bank of China. "We are naturally relatively concerned with the safety and profitability of U.S. government bonds."

Hu's comments came at a briefing Monday ahead of the Group of 20 financial summit in Britain scheduled for early next month. The G-20 nations represent 85 percent of the world's gross domestic product.

China has an estimated $2 trillion in foreign reserves and is the United States' largest creditor, having bought more than $1 trillion of its debt.

Chinese Premier Wen Jiabao expressed similar concerns about the state of the U.S. economy and President Barack Obama's economic plan earlier this month.

"We have loaned a huge amount of money to the United States," Wen said at a news conference in Beijing on March 13. "Of course, we are concerned about the safety of our assets. To be honest, I'm a little bit worried. I would like for you [a western reporter] to call on the United States to honor its word and stay a credible nation and ensure the safety of Chinese assets."

Washington is spending trillions of dollars in an attempt to shore up the the U.S. economy, including a stimulus package, bailouts of top U.S. industries and the purchase of billions of dollars in bad bank assets.

Bernanke wanted to sue AIG

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Federal Reserve Chairman Ben Bernanke wanted to sue AIG to stop the company from handing out hundreds of millions in bonus payments over the past two weeks.

But Federal Reserve lawyers advised against litigation, fearing the bank would lose the suit and allow AIG to recoup huge punitive damages. Bernanke also said the Fed knew about the bonuses last fall and warned AIG management it had “deep concern” about the payouts.

“Legal action could thus have the perverse effect of doubling or tripling the financial benefits to the AIG-FP employees,” Bernanke told the House Financial Services Committee Tuesday morning.

AIG told the Federal Reserve that the bonus payments were mandated by binding contracts, even those to its financial products division, which was responsible for creating the credit default swaps that contributed to the current economic crisis.

“My reaction upon becoming aware of these specific payments was that, notwithstanding the business purposes that might be served by this action, it was highly inappropriate to pay substantial bonuses to employees of the division that had bee the primary source of AIG’s collapse,” Bernanke told the committee.

Fifteen of the top 20 employees at AIG who received bonuses have agreed to give them back — a refund that totals about $50 million — New York Attorney General Andrew Cuomo annouced Monday.

Republicans have jumped on the AIG bonuses as a political issue, blaming the Obama administration and Treasury Secretary Timothy Geithner for failing to stop the company from distributing as much as $165 million in bonus payments.

“An unfortunate partisan effort has slipped in here,” said Financial Services Chairman Barney Frank (D-Mass.), who stressed that Bush administration Treasury Secretary Henry Paulson also agreed to give AIG government funds.

Republican committee aides distributed a timeline detailing the sequence of events that lead up to the AIG bonus controversy.

But some Democrats also had questions about the events.

“We’re not sure what happened when and in what circumstance,” said Rep. Paul E. Kanjorski (D-Pa.), who told Geithner that Americans “feel boxed out of what’s happening in this economic crisis.”

Kanjorski said that lack of information by the Treasury Department and recipients of government funds will make it extremely difficult for Congress to authorize the additional financial bailout money for the administration plans to request.

“We recognize it’s going to be extraordinary difficult,” said Geithner.

Murdock on 'Oprah' this afternoon

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KANNAPOLIS - Dole Food Co. owner David Murdock will be on "The Oprah Winfrey Show" this afternoon, as part of an episode about longevity and nutrition.

The show airs on WSOC-TV at 4 p.m.

Oprah will join Murdock, who founded the North Carolina Research Campus in Kannapolis, at the California Health & Longevity Institute, his wellness center in Westlake Village.

And some local faces might be featured as well.

A production crew from "The Oprah Winfrey Show" was in Kannapolis March 1 to shoot interviews with researchers from UNC-Chapel Hill, Duke University and Appalachian State University for the episode.

This is not the first time daytime television has put Murdock in the spotlight. Last August, Martha Stewart visited Kannapolis to meet with Murdock and tour the research campus. In November, Murdock appeared on her show and Stewart presented Murdock with an award for his work to promote healthy living.

Murdock and Winfrey are friends. He has, in the past, acknowledged that, and he has even expressed interest in a partnership with Winfrey at the research campus.

david murdock

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David Murdock
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