Archive for August, 2012

Recap of Vice Presidential candidate Paul Ryan’s nomination

Paul Ryan at GOP convention

Newscast Media TAMPA, Fla—Vice Presidential candidate Paul Ryan formally accepted the nomination for VP on Wednesday August 29. Newcast Media captured the event in the pictures below that include Paul Ryan clowning around: ENTER PHOTO GALLERY>>


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 31, 2012 at 7:16 pm

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Highlights of Mitt Romney nomination night-Tampa, Florida

Mitt Romney and Paul Ryan at GOP Nation Convention, Photo by Joseph Earnest

Newscast Media TAMPA, Fla—Mitt Romney was introduced by Senator Marco Rubio from Florida who set the stage for the presidential nominee with the following words:

“Mitt Romney believes that if we succeed in changing the direction of our country, our children and grandchildren will be the most prosperous generation ever, and their achievements will astonish the world. The story of our time will be written by Americans who haven’t yet been born…

…It is the story of a man who was born into an uncertain future in a foreign country. His family came to America to escape revolution. They struggled through poverty and the great depression. And yet he rose to be an admired businessman, and public servant. And in November, his son, Mitt Romney, will be elected President of the United States.” CLICK HERE TO ENTER GALLERY >>


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Condoleeza Rice emphasized the importance of believing in self

Condoleezza Rice delivers her speech at the Republican National Convention. Photo by Joseph Earnest

Newscast Media TAMPA, Fla—Former Secretary of State delivered a powerful message of inclusiveness at the Tampa Bay Times Forum. Rice said Americans are our own worst enemies.

“The essence of America — that which really unites us — is not ethnicity, or nationality or religion — it is an idea — and what an idea it is: That you can come from humble circumstances and do great things. That it doesn’t matter where you came from but where you are going.

“Ours has never been a narrative of grievance and entitlement. We have not believed that I am doing poorly because you are doing well. We have not been envious of one another and jealous of each other’s success. Ours has been a belief in opportunity and a constant battle — long and hard — to extend the benefits of the
American dream to all — without regard to circumstances of birth,” she said.

New Mexico Governor Susana Martinez - Photo by Joseph Earnest

Martinez talked about the importance of bi-partizanship in getting accomplishing governmental responsibilities.

“It is the responsibility of both parties to offer up real solutions and have an honest debate. In New Mexico, I inherited the largest structural deficit in state history. And our legislature is controlled by Democrats. We don’t always agree. But we came together in a bi-partisan manner-and turned that deficit into a surplus, all without raising taxes.

“That’s not the kind of leadership we are seeing from President Obama. He promised to bring us all together, to cut unemployment, to pass immigration reform in his first year and even promised to cut the deficit in half in his first term. Do you remember that? But he hasn’t come close. They haven’t even passed a budget in Washington, DC in three years! If he can take credit for government building small businesses, then he can accept responsibility for breaking his promise and adding 5 trillion dollars to the national debt. Because he did build that,” she said.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 30, 2012 at 3:32 pm

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Rand Paul: You did build that. You earned it. You worked hard

Senator Rand Paul gave a landmark speech on America's greatness. Photo by Joseph Earnest

Newscast Media TAMPA, Fla—Even though his father did not deliver a live speech, Rand Paul managed to talk about some of the topics his father Ron Paul has often addressed. Surprisingly, in almost all the speeches given by all the speakers, either they or their grandparents only had $10 when they first started out in life. Ten dollars must be the magic number for success, yet on a serious note, the spirit of entrepreneurship is one of the underlying messages of Romney’s campaign.

Rand Paul’s speech in part read:

When I heard the current president say, “You didn’t build that,” I was first insulted,
then I was angered, then I was saddened that anyone in our country, much less the
president of the United States, believes that roads create business success and not
the other way around.

Anyone who so fundamentally misunderstands American greatness is uniquely
unqualified to lead this great nation. The great and abiding lesson of American
history, particularly the Cold War, is that the engine of capitalism — the individual —
is mightier than any collective.

American inventiveness and desire to build developed because we were guaranteed
the right to own our success. For most of our history, no one dared tell Americans:
“You didn’t build that.”

To lead, we must transform the coldness of austerity into the warm, vibrant
embrace of prosperity.

To overcome the current crisis, we must appreciate and applaud American success.
We must step forward, unabashedly and proclaim: You did build that. You earned
that. You worked hard. You studied. You labored. You did build that. And you
deserve America’s undying gratitude. For you, the individual, are the engine of
America’s greatness. Thank you.

Another titan at the convention was Governor Tim Pawlenty

Gov. Tim Pawlenty at GOP Convention - Photo by Joseph Earnest

Pawlenty said, “We’ve had four years of Barack Obama in the White House. Ah, the Obama White House, one bad decision follows another. Hard to say exactly just what his worst mistake has been. There’s so many to choose from: The stimulus. His energy policy. Obamacare. Taxes. Joe Biden. I hear Joe’s particularly interested in tonight’s proceedings. He even thought about coming here to Tampa. And he’s taking notes because when Paul Ryan speaks, Joe will finally get to hear what a real vice president sounds like! But you know, President Obama isn’t as bad as people say, he’s actually worse.”

He then continued to say, “I’ve come to realize that Barack Obama is the tattoo president. Like a big tattoo, it seemed cool when you were young. But later on, that decision doesn’t look so good, and you wonder: what was I thinking? But the worst part is you’re still going to have to explain it to your kids.

“Next week, Barack Obama will plead with America to give his failed ideas another chance. He’s asking Americans to give him more time and more money. Well sorry, Mr. President, but you’re out of time, and we’re out of money. Barack Obama’s failed us. But look, it’s understandable. A lot of people fail at their first job.”

In support of Romney Gov. Pawlenty then concluded by saying, “Mitt Romney knows what our problems are, and he has the tools, the experience, the energy and the right polices to fix them. After four years of this president, we need Mitt Romney now, more than ever. I’m proud to be supporting him for president of the United States, and I know you are too. And with any luck, in a few months, Barack Obama will at last get some experience in the private sector. Thank you. God bless you, and God bless the United States of America.”


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 3:15 pm

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We Believe in America-Thursday’s theme for GOP convention

Romney-Ryan supporters in the front row with campaign signs. Photo by Joseph Earnest

Newscast Media TAMPA, Fla—Thursday marks the last day of the Republican National Convention in which Mitt Romney will officially accept the nomination for president. Together with his running mate Paul Ryan, the pair have named Thursday’s theme: “We Believe In America.”

Guest speakers for the event will include: Newt and Calista Gingrich, Speaker John Boehner, Gov. Jeb Bush, Craig Romney, Olympians, Marco Rubio, a mystery guest, music by BeBe Winans and much more.

A jam-packed Tampa Bay Times Forum during Paul Ryan's Speech. Photo by Joseph Earnest

While George W. Bush focused his campaign on protecting America, and Barack Obama on ushering in Change, the Romney-Ryan campaign is focusing on reclaiming the American dream through job creation, reducing spending and cutting the size of government while lowering taxes.

The Romney campaign has done an effective job in painting Romney as someone who loves America, with the implication that Obama feels the opposite. The patriotism is apparent in all the speeches, and we should expect to hear more about the American dream on Thursday night.

A different view of the audience at the Republican National Convention in Tampa, Florida Photo by Joseph Earnest

There is also a digital clock hanging on the wall as a reminder of how much debt has
been accumulated in the past four years. Candidates’ speeches are made available to
the media, but are embargoed until after the candidates take the stage–thereafter
media practitioners are free to publish the speeches.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 9:50 am

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Ann Romney’s request at Republican National Convention

Ann Romney

Newscast Media TAMPA, Fla—Presidential candidate Mitt Romney’s wife made her speech on Tuesday night amidst a thunderous applause of GOP admirers. The speech was also well-received by political analysts, and was not centered around politics or the party, but on love.

“Tonight I want to talk to you about love. I want to talk to you about the deep and abiding love I have for a man I met at a dance many years ago. And the profound love I have, and I know we share, for this country. I want to talk to you about that love so deep only a mother can fathom it —the love we have for our children and our children’s children,” she said.

In regard to her husband, Ann Romney said, “This is the man America needs. This is the man who will wake up every day with the determination to solve the problems that others say can’t be solved, to fix what others say is beyond repair. This is the man who will work harder than anyone so that we can work a little less hard. I can’t tell you what will happen over the next four years. But I can only stand here tonight, as a wife, a mother, a grandmother, an American, and make you this solemn commitment: This man will not fail. This man will not let us down. This man will lift up America!”

Mrs. Romney then made a request as she ended her speech: “You can trust Mitt. He loves America. He will take us to a better place, just as he took me home safely from that dance. Give him that chance. Give America that chance. God bless each of you and God Bless the United States of America,” she concluded.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 29, 2012 at 4:17 pm

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Biased liberal media Huffington Post removes GOP logo

Actual photo of GOP stage with Republican National Convention 2012 logo -Photo by Joseph Earnest

Newscast Media TAMPA, Fla—The liberal media initially was excited about the prospect of Tropical Storm Isaac ruining the Republican National Convention–that did not happen.

The liberal media is now being disingenuous with its audience and misrepresenting what is actually happening at the convention. For example liberal Web site Huffington Post has removed the Republican National Convention 2012 logo from the photograph and is doing a disservice to both its audience and the profession of journalism. The have “blacked-out” the reference that it is a Republican Convention taking place. See below the biased Huffington Post photo:

If you compare this “Screen capture” to the photo taken by Newscast Media, you’ll
notice the biased HuffPo has “blacked-out” the RNC 2012 logo. Absurd!

Below is a raw video of the venue and the stage demonstrating the liberal media bias in its portrayal of the events that are unfolding. The logo is prominent in the video below. Watch and decide for yourself:

Video of inside the Tampa Bay Times Forum with RNC 2012 prominently-displayed logo
Video by Joseph Earnest


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 28, 2012 at 2:38 pm

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We Built It – Republicans’ theme for Tuesday night in Tampa

We Built It - Tampa Bay Times Forum at dusk

Newscast Media TAMPA, Fla—As the Republicans officially kick off their convention on Tuesday, the theme will be, “We Built That”, a phrase refuting Barack Obama’s argument that successful people did not build their success, rather, someone else did it for them.

Several prominent Republicans will be addressing the nation including: Speaker of the House, John Boehner; Reince Priebus Chairman, Republican National Committee; Hon. Kelly Ayote, U.S. Senator (NH); John Kasich, Ohio Governor; Hon. Mary Fallin, Oklahoma Governor; Hon. Bob McDonnell, Virginia Governor; Scott Walker, Wisconsin Governor; Rick Santorum, Ted Cruz, Gov. Nikki Haley, Gov. Chris Christie, Ann Romney and many, many more.

Tampa by night - A view of downtown Tampa from across Tampa Bay Times Forum

New Jersey-born tenor Philip Alongi Jr., will perform the National Anthem, reprising his role from the 2008 convention. Former Montana Gov. Tim M. Babcock and Korean War Marine veteran Tom Hogan will open Tuesday’s convention with the Pledge of Allegiance. Rev. Sammy Rodriguez of Sacramento, president of the National Hispanic Christian Leadership Conference, will lead the closing benediction. Rev. Rodriguez is an ordained Assemblies of God minister and serves as senior pastor of New Season Christian Worship Center in Sacramento.

Speaker John Boehner will make roll call of the states

The 2012 Republican National Convention will be held at the Tampa Bay Times Forum August 27-30, 2012. Nearly 50,000 visitors are expected to come to the Tampa Bay area for the event, including delegates, alternate delegates, media and other guests.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 5:42 am

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GOP unveils debt clock inside the Tampa Bay Times Forum

National Debt Clock

Newscast Media TAMPA, Fla—When Republican National Committee Chairman Reince Priebus gavels the convention to order today, a second national debt clock will be activated, this one measuring increases in U.S. indebtedness during the four days of the convention. Priebus announced yesterday that another debt clock will measure the entire federal debt, now approaching $16 trillion. Both will be ticking away in full view of convention attendees and television cameras from a location inside the Tampa Bay Times Forum.

“The first clock will bring home the full magnitude of the problem, while this second clock will impress upon the nation just how much our government overspends in the span of only four days,” said Priebus. “Both clocks highlight the magnitude of our debt problem.”

The record-high national debt stands at $15.9 trillion, with nearly a third of this overspending the direct responsibility of this President.

“Mitt Romney and Paul Ryan understand that burdening our children with such massive debt is a loan on their future,” Priebus said. “We can do better than this, and on day one of the Romney-Ryan Administration, Mitt Romney will take immediate action to cut federal spending and bring the debt under control.”

When he was sworn in as governor of Massachusetts, Mitt Romney inherited a $3 billion budget gap, Priebus recalled. “Thanks to bold, sensible cost-cutting efforts he initiated, Governor Romney left the taxpayers with a $2 billion surplus – a ‘rainy day’ fund – just four years later.”


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 27, 2012 at 6:49 pm

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Tropical Storm Isaac heads for the Gulf Coast with momentum

Tropical Storm Isaac

Newscast Media TAMPA, Fla—Tropical Storm Isaac did not pass quietly as it continues to head in a northeast direction from the Florida Keys. Rainfall was left behind even though by 5:00 A.M. in the morning the rains had subsided in Tampa where the GOP convention is happening.

According to AccuWeather, Isaac has now pushed away from the Florida Peninsula and is headed for Louisiana and parts of the Florida Panhandle by midweek, prompting Louisiana Governor Bobby Jindal to declare a state of emergency in the low lying areas of New Orleans.

As Isaac gains momentum, residents on the Gulf Coast aren’t taking any chances and are already stocking up on the essentials in case they have to evacuate or lose electricity.

Isaac is expected to endanger lives and property along the northern Gulf Coast seven years to the date of Hurricane Katrina’s devastating landfall.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 4:56 pm

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The party must go on: 2012 Republican National Convention undeterred by storm

Testing the giant screens at the Republican National Convention in Tampa, Florida

Newscast Media TAMPA, Fla—Despite reports that Hurricane Isaac will prevent the Republican National Convention from being able to fully embark on the undertakings that were planned for the week, the convention will continue, and speakers are still scheduled to deliver their speeches. Republican National Convention President and CEO Bill Harris said federal, state and local officials are prepared to respond, if needed, and scheduling adjustments that were made will help ensure the continued safety of all participants.

In addition, Republican National Committee Chairman Reince Priebus in a statement said: “Due to the severe weather reports for the Tampa Bay area, the Republican National Convention will convene on Monday August 27th and immediately recess until Tuesday afternoon, August 28th. After consulting with Governor Scott, NOAA and local emergency management officials, we are optimistic that we will begin an exciting, robust convention that will nominate the Romney-Ryan ticket.”

Setting the stage for the 2012 GOP Convention

Meanwhile, Republican National Committee Chairman Reince Priebus will unveil tomorrow a national debt clock mounted inside the convention hall of the Tampa Bay Times Forum—a compelling visual reinforcing the desperate need for new fiscal leadership in the White House.

The debt clock will be activated Monday at 2 p.m. when the convention convenes. The national debt is at a record-high $15.9 trillion. The last few years have brought the sharpest increase in the debt under any U.S. president.

“This clock reminds every delegate and every American why we are here in Tampa–because America can and must do better,” said Priebus. “Every American’s share of the national debt has increased by approximately $16,000 during the current administration.

“Mitt Romney and Paul Ryan are the right leaders at the right time for America. They will turn this fiscal mess around, get people back to work and set our country on a strong foundation for generations to come,” Priebus added.

Upon his swearing in as Governor of Massachusetts, Romney inherited a roughly $3 billion budget gap. He led an effort to balance the budget and left the commonwealth with a rainy day fund of more than $2 billion upon leaving office.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 5:27 am

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Sojourners petition Gov. Brewer on behalf of immigrants’ children

Department of Homeland Security

by Napp Nazworth

Newscast Media PHOENIX, Ariz—Arizona Gov. Jan Brewer has issued an executive order denying driver’s licenses and other benefits to anyone that takes advantage of President Barack Obama’s executive order allowing the children of undocumented immigrants to remain in the country without the threat of deportation. Sojourners, a politically liberal evangelical advocacy organization, delivered a petition Thursday with close to 7,000 signatures to Brewer asking her to reverse that decision.

“The action of Gov. Brewer to stop Dreamers from being able to dream is un-Christian, un-American, and it betrays the values of this nation. Governors across the country who follow down this path will be held accountable by the Christian community, starting with Gov. Brewer,” said Lisa Sharon Harper, director of mobilizing for Sojourners.

The Rev. Eve Nunez, vice president of the National Hispanic Leadership Conference, and Yvette Lopez, associate pastor of New Life Church of God in Tucson, Ariz., delivered the petition.

The petition states: “We believe every person, regardless of immigration status, is created in God’s image. Your recent executive order denying driver’s licenses and other benefits to undocumented young people who qualify for deferred action is harsh and short-sighted. As people of faith, we urge you to reconsider your position and retract this executive order so that all God’s children in Arizona can contribute to your state’s economy and strengthen its communities.”

The Rev. Samuel Rodriguez, president of the National Hispanic Christian Leadership Conference, compared Brewer to governors who obstructed civil rights reforms in the 1960s and claimed she is “on the wrong side of progress.”

“Just like the governors of the old South that opposed reconciliatory and just actions that facilitated a platform of integration and justice, Governor Brewer will join Wallace, Faubus and others as political leaders that obstructed justice, hindered Christian charity and quenched the spirit of peace,” Rodriguez said.

Like Harper, Nunez and Lopez talked about how their Christian faith informed their view of Brewer’s policy.

“My Christian faith teaches me to love the least of these, not punish them, and that is precisely what this executive order does,” Nunez said.

“I’m a conservative, but this is the last straw for me. This executive order is deplorable, and it must be rescinded; my faith and my politics demand this,” Lopez added.

Obama announced his new policy in June. The Justice Department will use “prosecutorial discretion,” Obama said, to not deport undocumented immigrants who were brought to the country as minors and have no criminal record. The policy effectively does the same as the DREAM Act, which failed to pass the Senate in 2010.

Some have questioned whether Obama has the authority for his decision. On Thursday, Kansas Secretary of State Kris Koback sued Department of Homeland Security Secretary Janet Napolitano, who is responsible for implementing Obama’s directive. The suit argues that the directive forces law enforcement officials to break the law by not enforcing the law.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 24, 2012 at 6:03 pm

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Man In The Arena – Timeless Insight by Theodore Roosevelt

26th U.S. President Theodore Roosevelt

Newscast Media WASHINGTON, D.C.—The poorest way to face life is to face it with a
sneer. There are many men who feel a kind of twister pride in cynicism; there are
many who confine themselves to criticism of the way others do what they
themselves dare not even attempt.

There is no more unhealthy being, no man less worthy of respect, than he who either
really holds, or feigns to hold, an attitude of sneering disbelief toward all that is great
and lofty, whether in achievement or in that noble effort which, even if it fails, comes
to second achievement.

A cynical habit of thought and speech, a readiness to criticize work which the critic
himself never tries to perform, an intellectual aloofness which will not accept contact
with life’s realities – all these are marks, not as the possessor would fain to think, of
superiority but of weakness.

They mark the men unfit to bear their part painfully in the stern strife of living, who
seek, in the affection of contempt for the achievements of others, to hide from
others and from themselves in their own weakness. The role is easy; there is none
easier, save only the role of the man who sneers alike at both criticism and

It is not the critic who counts; not the man who points out how the strong man
stumbles, or where the doer of deeds could have done them better. The credit
belongs to the man who is actually in the arena, whose face is marred by dust and
sweat and blood; who strives valiantly; who errs, who comes short again and again,
because there is no effort without error and shortcoming; but who does actually
strive to do the deeds; who knows great enthusiasms, the great devotions; who
spends himself in a worthy cause; who at the best knows in the end the triumph of
high achievement, and who at the worst, if he fails, at least fails while daring
greatly, so that his place shall never be with those cold and timid souls who neither
know victory nor defeat.
— 26th U.S. President Theodore Roosevelt, Excerpt from
the speech, “The Man in The Arena” April 23, 1910.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 4:55 pm

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Mitt Romney outraises Barack Obama who outspends Romney

Barack Obama

by Paul Stanley

Newscast Media WASHINGTON, D.C.—It was only about one year ago that Republicans – not knowing who their nominee would be – were bracing for a presidential campaign where President Obama would have an unlimited campaign war chest while their candidate scraped by with only a great message and limited funds. That is not the case today.

Today, Republicans know who their nominee is (it will be official in one week) and according to fundraising totals through the end of July, they know how much money is in both presidential bank accounts.

Romney and the Republican National Committee raised an astounding $101 million in July and it is the third consecutive month the campaign has hit triple digits. Obama and the Democrats took in $75 million.

In addition to the joint bank accounts each candidate share with their respective parties, both the RNC and the DNC raise and spend their own funds. In July, the RNC hauled in $37.7 million compared to the DNC’s $8.8 million. When added to the prior month’s balance, the Republicans have $88.8 million on the ledger while the
Democrats have $15.4 million in their account.

What has many Democrats concerned is that for the past several months Obama has spent money at a faster pace than Romney while taking in less. In July, the Obama campaign spent $58.5 million and the Romney campaign spent $32.3 million. Most of the funds spent by both sides went for advertising and ad placement.

However, to gain a rational understanding of exactly where the candidates stand it is important to look at their financial picture from a 30,000-foot viewpoint.

Obama raised and spent $750 million to win the White House in 2008 and has been replenishing his account ever since. On the other hand, Romney had to start from scratch and run a competitive primary against as many as eight other GOP hopefuls. Much of what he has in the bank today cannot be spent until he is officially nominated in Tampa, Fla., next week.

From the perspective of each individual candidate, at the end of July Romney had $30.2 million cash on hand while Obama had $87.7 million. Michael Malbin runs the non-partisan Campaign Finance Institute in Washington and says when everything is taken into account, Obama is still in a more desirable position.

“Romney is ahead when you combine it all together but some of his money is going to be less efficient,” Malbin told Reuters. “Obama is way ahead in the most flexible (money that can be spent today) pile. The broad picture, the step back is that the Obama campaign has a stronger financial position than the Romney campaign.”

But the major difference between this election cycle and 2008 is that both candidates chose not to accept public financing and that Super PACs can raise and spend an almost unlimited amount of money.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 23, 2012 at 8:36 pm

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Syria’s Assad chases rebels out of Aleppo and trashes hideout

Iran's foot soldiers alone number by the millions and have carried out numerous war games to prepare themeselves for any possible attack. Photo courtesy: Press TV

Newscast Media TEHRAN, Iran—Just when the Free Syrian Army thought the battle between them and Assad’s soldiers would subside due to the past Ramadan celebrations, the unrelenting Syrian government made an aggressive push to mop Aleppo up, and chased the Free Syrian Army into the wilderness in the outskirts of the city. Press TV with reporters on the ground, reported that Assad’s soldiers trashed the rebels’ command center in Aleppo’s Sayyed Ali district on Wednesday.

“The command center in Aleppo’s Sayyed Ali district was destroyed. Security forces killed a large number of insurgents in Aleppo neighborhood of Seif al-Dawla. Government forces also fought with insurgents in the capital Damascus, Idlib, and Hama, inflicting heavy losses on them,” Press TV reported.

Iran's foot soldiers alone number by the millions and have carried out numerous war games to prepare themeselves for any possible attack. Photo courtesy: Press TV

Meanwhile, Tehran has said in spite of different viewpoints within, in case of a foreign attack, the entire Iranian nation will be united against it. Iran’s Defense Minister Brigadier General Ahmad Vahidi dismissed Israeli officials’ threat of war as “worthless,” saying Tehran is capable of giving a crushing response to any aggression.

The Islamic Republic, is warning that in case Israel makes the mistake of launching such an attack, it will spell the end of the Israeli regime.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 5:35 am

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Romney embraces the idea of auditing the Federal Reserve

Federal Reserve building

by Napp Nazworth

Newscast Media WASHINGTON, D.C.—Republican presidential candidate Mitt Romney has come out in support of one of Ron Paul’s perennial policy ideas—auditing the Federal Reserve. Romney reiterated, though, that the Fed should maintain its independence from Congress.

“The Federal Reserve should be accountable,” Romney said at a New Hampshire campaign stop Monday. “We should see what they’re doing.”

In response to a question later, he said that he supports an audit of the Fed, but added, “I want to keep [the Fed] independent. There are very few groups that I would not want to give the keys to. One of them is Congress.”

Rep. Ron Paul (R-Texas), who ran against Romney for the Republican presidential nomination, has long called for a Fed audit. His Fed audit bill was passed by the House of Representatives last month, 327-98, with strong bipartisan support.

Senate Majority Leader Harry Reid (D-Nev.) has said that the Senate will not vote on the bill, even though he was a vocal supporter of auditing the Fed in the 1990s, before he became majority leader.

Paul also fought to include a Fed audit in the Republican Party platform. The current draft proposal, which will be voted on this week, includes support for an annual Fed audit but also contains language saying that it should be done in a way that does not impair the Fed’s independence.

The Fed already has a yearly audit conducted by an independent firm, but that audit only looks at the Fed’s finances. The House-passed Fed audit bill would give the General Accounting Office authority to investigate the closed-door deliberations that lead to the Fed’s decisions on monetary policy.

Fed Chairman Ben Bernanke opposes the legislation, arguing that the Fed should have independence in setting interest rates. Economist Glenn Hubbard, one of Romney’s economic advisers, has also been an outspoken critic of Paul’s bill. Hubbard also recently voiced his support for Bernanke, a personal friend. Romney has said that Bernanke should not continue as Fed chairman when his current term expires in 2014.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 22, 2012 at 9:08 pm

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Mitt Romney and Barack Obama talk about faith in God

Mitt Romney and Barack Obama

Newscast Media WASHINGTON, D.C.—As the November presidential election draws closer, both the president and his challenger are tackling the question of faith and the role God plays in their lives. Both candidates cleared any lingering misconceptions in an interview conducted by Cathedral Age magazine. The theme of “faith and the election” for the midsummer issue of its magazine is one example of how the Washington National Cathedral lives out its role at the intersection of faith and public life.

Cathedral Age asked the candidates eight questions including: “How does faith play a role in your life,” and “What does a political leader’s faith tell you about him/her as a person?” as well as how each responds to those who question the sincerity of his beliefs. In their revealing answers, the two candidates discuss their personal beliefs, address those who have questioned their faith, and explain their vision for how faith communities can work together with government for the public good.

“First and foremost, my Christian faith gives me a perspective and security that I don’t think I would have otherwise: That I am loved. That, at the end of the day, God is in control,” said President Obama. “Faith can express itself in people in many ways, and I think it is important that we not make faith alone a barometer of a person’s worth, value, or character.”

Governor Romney said, “I am often asked about my faith and my beliefs about Jesus Christ. I believe that Jesus Christ is the Son of God and the Savior of mankind.”

Romney also said, “A political leader’s faith can tell us a great deal or nothing…Perhaps the most important question to ask a person of faith who seeks a political office is whether he or she shares these American values: the equality of human kind, the obligation to serve one another, and a steadfast commitment to liberty. They are not unique to any one denomination.”

One unifying theme between both candidates’ answers was a dedication to the “other” as an expression of the Christian faith. Governor Romney said that he was inspired by the words in the Gospel of Matthew when Jesus said that those who cared for the poor, hungry, the naked and the “least of these,” cared for Christ.

Romney said, “My faith is grounded in the conviction that a consequence of our common humanity is our responsibility to one another—to our fellow Americans foremost, but also to every child of God.”

President Obama discussed a similar theme in his response to a question about the role of faith in public life. “We face big challenges in this country, and we’re coming to the point where we will decide if we’re truly in this together or if each individual ought to just fight for what serves them best,” the president said. “Faith tells us that there is something about this world that ties our interest to the welfare of a child who can’t get the health care they need, or a parent who can’t find work after the plant shut down, or a family going hungry.

Both candidates also addressed the sacred principle of religious freedom and the role that faith can play in unifying the nation and in promoting the common good.

Source: Cathedral Age magazine


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 1:57 am

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SEC issues first whistleblower award for high-quality tip

Securities and Exchange Commission

Newscast Media WASHINGTON, D.C.—A whistleblower who helped the Securities and Exchange Commission stop a multi-million dollar fraud will receive nearly $50,000 — the first payout from a new SEC program to reward people who provide evidence of securities fraud.

The award represents 30 percent of the amount collected in an SEC enforcement action against the perpetrators of the scheme, the maximum percentage payout allowed by the whistleblower law.

“The whistleblower program is already becoming a success,” said SEC Chairman Mary L. Schapiro, who advocated for the program. “We’re seeing high-quality tips that are saving our investigators substantial time and resources.”

The award recipient, who does not wish to be identified, provided documents and other significant information that allowed the SEC’s investigation to move at an accelerated pace and prevent the fraud from ensnaring additional victims. The whistleblower’s assistance led to a court ordering more than $1 million in sanctions, of which approximately $150,000 has been collected thus far. The court is considering whether to issue a final judgment against other defendants in the matter. Any increase in the sanctions ordered and collected will increase payments to the whistleblower.

“This whistleblower provided the exact kind of information and cooperation we were hoping the whistleblower program would attract,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “Had this whistleblower not helped to uncover the full dimensions of the scheme, it is very likely that many more investors would have been victimized.”

The SEC did not approve a claim from a second individual seeking an award in this matter because the information provided did not lead to or significantly contribute to the SEC’s enforcement action, as required for an award.

Click here to read or download SEC award release order.

The 2010 Dodd-Frank Act authorized the whistleblower program to reward individuals who offer high-quality original information that leads to an SEC enforcement action in which more than $1 million in sanctions is ordered. Awards can range from 10 percent to 30 percent of the money collected.

The Dodd-Frank Act included enhanced anti-retaliation employment protections for whistleblowers and provisions to protect their identity. The law specifies that the SEC cannot disclose any information, including information the whistleblower provided to the SEC, which could reasonably be expected to directly or indirectly reveal a whistleblower’s identity.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 21, 2012 at 8:27 pm

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Ethiopia’s Meles Zenawi died after mysterious sudden infection

Meles Zenawi

Newscast Media ADDIS, ABABA—Ethiopia’s strongman Prime Minister Meles Zenawi has been pronounced dead according to state media. Meles has been absent from the public eye for the last month and a half, and there has been speculation that he passed away a month ago, but the announcement has just been made after buying time to appoint a successor.

The BBC reports: “Prime Minister Meles Zenawi passed away yesterday [Monday] evening at around midnight,” government spokesman Bereket Simon said, adding that he was “abroad” when he died, according to AFP news agency.

“He had been recuperating well, but suddenly something happened and he had to be rushed to the ICU [intensive care unit] and they couldn’t keep him alive.”

According to Ethiopian Satellite Radio and Television (ESAT), Meles Zenawi passed away from an unspecified aliment in a Brussels hospital about a month ago. Citing western diplomatic sources for its claims, the Amsterdam-based news agency said the 57-year-old dictator’s death is being covered up by the regime to buy time for a successor.

Citing western diplomatic sources for its claims, the Amsterdam-based news agency said the 57-year-old dictator’s death is being covered up by the regime to buy time for a successor.

The Committe to Protect Journalists (CPJ) reported on July 23, that Ethiopian authorities blocked the publication of a prominent independent newspaper in connection with its stories on the health of Prime Minister Meles Zenawi.

Deputy Prime Minister Hailemariam Desalegn, who is also Ethiopia’s foreign minister, will be acting head of government, state television said.


Be the first to comment - What do you think?  Posted by Joseph Earnest - at 8:19 am

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Battle formation unfolds between Egypt and Israel in Sinai Peninsula

Morsi and Netanyahu

Newscast Media CAIRO, Egypt—In an offensive move against rogue militants, for the first time since 1973, Egypt is preparing to send aircrafts and tanks to the Sinai Peninsula, while Israel has also announced it will deploy an air defense system near the Egyptian border. The move is in response to the August 5, attack in which 16 Egyptian border agents were killed.

The situation in which Egypt’s President Mohammed Morsi finds himself, is analyzed by Middle Eastern journalist Abdel Rahman Youssef of Al Akhbar news:

“Whatever view he [Mursi] takes of the incident, and however he responds to it and its perceived perpetrators, Mursi risks setting himself at odds either with the Islamist movements and some of the country’s revolutionary forces, or with the military. Similarly, he stands to discredit either himself, by appearing ineffectual, or the Islamists as a whole, by allowing them to be depicted as a scourge and a source of disturbances in the country.

“Mursi would find himself in an extremely awkward position vis-a-vis the Islamists if he were succumb to such pressure to blame Palestinian groups for the incident, and acquiesce to a response that effectively reinstates the blockade of the Gaza Strip – something he and his group have long and vociferously opposed.

“This could amount to a first attempt to put Mursi at loggerheads with the Islamist movement which propelled him to office, with the aim of “burning” him. He would be depicted as two-faced, backing down to the ruling establishment and the enemies of the resistance, letting down fellow Arabs and Muslims, and indecision and ineffectiveness over Gaza and in general.

If, however, Mursi were to adopt the other view, that the Israelis were involved in the attack, he would also find himself in a bind, as he would be bound to respond against Israel and its accomplices to punish those responsible for killing the soldiers.

“This would not be easy to do, given Mursi’s declared commitment to respecting all international treaties, including the Camp David agreement which ties Egypt’s hands in the Sinai peninsula, especially in Area “C” adjacent to the border,” Youssef concluded.


Be the first to comment - What do you think?  Posted by Joseph Earnest - August 20, 2012 at 8:46 pm

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