President Obama sought this morning to put his proposal to create American jobs at the top of Congress' to-do list. The president has traveled the country in recent weeks, trying to rally public support for his $447 billion plan. And today, he held a press conference at the White House.
PRESIDENT BARACK OBAMA: And the reason I keep going around the country talking about this jobs bill is because people really need help right now. Our economy really needs a jolt right now.
In early 2010, Republican strategists launched a new project called RedMap. The idea was to flip as many state houses across the country to Republican majorities during the 2010 election cycle â€” particularly in states where congressional redistricting was pending.
Steve Jobs, who passed away Wednesday at the age of 56, was obsessed with computers from an early age. In 1975, when he was 20, Jobs was part of the Homebrew Computer Club â€” a group of early computer enthusiasts obsessed with making computers more popular.
"People [would be] all together in a room, jostling, bubbling with ideas, bringing in new technology, new chips, new displays, new networks, new software, everything new," says John Gage, a former member of the club.
Despite concerns about Congress and the European debt crisis, most U.S business owners remain optimistic and expect growth to continue this year, the heads of both General Electric and FedEx said Thursday.
"There's still a lot of growth," GE CEO Jeff Immelt told about 600 executives attending a conference on middle-sized businesses. "It's a long, slow recovery...but it is getting better."
FedEx CEO Fred Smith agreed, saying that shipments of goods continue to reflect a growing economy. "We don't see a contraction," Smith said. "Just slow growth; steady as she goes."
Originally published on Thu October 6, 2011 11:57 am
With New Jersey Gov. Chris Christie (once again) declining to enter the Republican presidential primary race, his core group of financial industry fundraisers â€“ a group that had been urging him to run â€“ went looking for new candidates to endorse.
President Obama is this hour holding a news conference at the White House. We're live-blogging, so be sure to hit your "refresh" button to see our latest additions. If you'd like to hear the news conference, click "LISTEN LIVE" in the box above.
Update at 11:12 a.m. ET. On Tax Cuts:
Republican lawmakers make the case that the president's $447 billion jobs bill relies too much on tax increases and not enough on spending cuts.
Originally published on Thu October 6, 2011 5:15 pm
Like a glass-blower by a wintry sea, Tomas Transtromer has been slowly and painstakingly making poems in his native Stockholm since the early 1950s. In his debut work, the modestly titled Seventeen Poems, published when Transtromer was just 23, the Swedish poet imagined Thoreau in the woods, "disappearing deep in his inner greenness/artful and hopeful."
This year's winning photographers snapped images of wild boars, grey seals, tope sharks, scorpion flies and, yes, even a fox. The competition's best entries will be featured in a coffee table book and in a U.K. exhibition.
"The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever," The Associated Press reports. "Freddie Mac says the average rate ... dropped from 4.01 percent last week, the previous low."
And, "the average rate on a 15-year fixed loan dipped to 3.26 percent, also a record."
Originally published on Thu October 6, 2011 9:56 am
"My role was [to be] the key technologist, the scientist, the engineer that was building all these devices. ... Steve was spotting them and seeing ways to sell them and talking about where they could go. And talking about enhancements and improvements that would take it to the next level. He was always trying to move to the next level."
When the potato lobby speaks, it always puts its best spuds forward. Yesterday at a National Press Club lunchtime briefing to promote the nutritional value of the vegetable, that meant a full bar of baked potatoes, french fries (baked, not fried), sour cream, cheddar cheese, chopped tomatoes, spinach and broccoli. Yes, according to sources close to the food, it was scrumptious.
When the death of Apple co-founder Steve Jobs was announced last night, if you were following Twitter, what you saw was a spasm of grief. Writers, actors, musicians, your friends, comedians ... the genuine sadness was palpable, not only because he was 56 years old, but because so many saw the news while holding one of his products in their hands. This is very much what popular culture is: this hive mind, this hum of collective response.
With his black turtleneck, wire-rimmed glasses and conspiratorial grin, Steve Jobs was arguably the best ambassador ever between androids and humans.
When Jobs died Wednesday at 56 after protracted combat with pancreatic cancer, the world lost a valuable shuttle diplomat between computers and tablets and gadgets and animated robots, and the people who so desperately long to relate to them.
Teachers say the new method of giving thumbs up has a calming effect, and makes it easier not to overlook students who don't want to draw attention to themselves. The new method is more like The Fonz on Happy Days and less like Arnold Horshack on Welcome Back Kotter.
The Philadelphia Phillies played the St. Louis Cardinals Wednesday night, and for the second straight game a squirrel stole the show. This time the creature darted in front of the batter's box and dashed into the stands at Busch Stadium. The Cardinals' 5-3 victory was celebrated on Twitter by a new user called @BuschSquirrel.