Tag: President Barack Obama

President Barack Obama
Saturday, December 22nd 2012 - 07:56 UTC

Obama nominates Senator Kerry to succeed Hillary Clinton as Secretary of State

Kerry's nomination is unlikely to face opposition from Republicans

US President Barack Obama has nominated Senator John Kerry to succeed Hillary Clinton as his next secretary of state. Mr Obama said Mr Kerry's “entire life” prepared him for the role, and praised him for the “respect and confidence” he has earned from world leaders.

Wednesday, December 19th 2012 - 19:43 UTC

President Obama re-election feat makes him TIME Person of the Year

The first Democrat, since FDR to win two consecutive terms with over 50% of the vote

US President Barack Obama was named TIME Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges.

Saturday, November 17th 2012 - 23:02 UTC

US reshpaing foreign policy based on ‘power of economics’ and jobs diplomacy’

“Our global leadership depends on our economic strength” said Hillary Clinton

US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade, Secretary of State Hillary Clinton said on Saturday.

Saturday, November 17th 2012 - 22:53 UTC

Mercosur condemns “disproportionate use of force” in Gaza; calls for immediate cease fire

The Mercosur text was released by Brazil which holds the rotating chair

Mercosur condemned the “disproportionate use of force” in Gaza and called on Israel and Palestinians for an immediate cease fire of the conflict that has already left al least forty people killed, mostly civilians.

Thursday, November 15th 2012 - 11:01 UTC

Obama immigration reform wants to attract and retain highly skilled manpower

The business community concerned about getting high-skill labour, said Obama

US President Barack Obama plans to give new thrust to a comprehensive immigration reform in the country, one that would not only address the issue of illegal immigrants but also how to attract and retain highly skilled manpower from the rest of the world.

Thursday, November 15th 2012 - 06:38 UTC

“A modest tax increase on the wealthy is not going to break their backs” said Obama

Obama has long opposed extending the Bush-era tax cuts for earnings above 250.000 dollars a year

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.

Saturday, November 10th 2012 - 05:08 UTC

Next week takes off the ‘fiscal cliff’’ battle with meeting in White House of party leaders

Boehner, leader of Republican-controlled House of Representatives has had a conciliatory attitude towards Obama since re-election

Newly re-elected President Barack Obama said on Friday the wealthy must pay more taxes under any political deal to avert a looming budget crisis. He said Congress must act against the so-called fiscal cliff, a package of tax rises and spending cuts due early next year.

Saturday, November 10th 2012 - 05:01 UTC

Republican Party needs a “bigger tent” to adapt to changing demographics

Former Secretary of State Condoleezza Rice: Republicans sent ‘mixed messages’

Former US Secretary of State Condoleezza Rice said the Republican Party must adapt rapidly changing demographics in the United States to remain politically relevant.

Friday, November 9th 2012 - 06:01 UTC

Why foreign policy holds the key to Obama’s second term

Timothy Geithner and Hillary Clinton are stepping down from cabinet

President Barack Obama’s victory over Mitt Romney is a landmark moment in US politics. He is only the second Democratic president to win re-election since Franklin Roosevelt in 1936, doing so despite a very challenging economic headwind of sluggish growth and comparatively high unemployment in the United States.

Thursday, November 8th 2012 - 01:49 UTC

Wall Street and rating agencies not pleased with the US elections results

All major US stock indexes were down 2% the day after

No break for re-elected President Barack Obama. In the midst of what should be a honeymoon victory Fitch Ratings agency called on the newly appointed head of state to quickly “secure agreement on avoiding the 'fiscal cliff' and raising the debt ceiling,” to retain its “AAA” status.

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