Ex-Im Bank Chairman Joins President Obama In Raleigh For Jobs

FOR IMMEDIATE RELEASE
June 13, 2011

Ex-Im Bank Chairman Joins President Obama In Raleigh For Jobs Council Meeting



Fred P. Hochberg


FOR IMMEDIATE RELEASE
June 13, 2011

Ex-Im Bank Chairman Joins President Obama In Raleigh For Jobs Council Meeting

Media Contact: Jamie Radice (Ex-Im Bank): 202-565-3200

Raleigh, North Carolina -- Today, the Chairman of the Export-Import Bank of the United States (Ex-Im Bank), Fred P. Hochberg, joined President Obama and other senior government and corporate officials in Raleigh, North Carolina to meet with members of the Council on Jobs and Competitiveness (Jobs Council). Hochberg participated in the Council's Manufacturing, Listening, and Action session.

"I was honored to be with the President in Raleigh today to talk about the important economic issues facing our country," said Chairman Hochberg. "Exports create and sustain American jobs, and are a vital component of our economic recovery. President Obama has made the National Export Initiative a top priority, and because of that emphasis we are on track to double U.S. exports by 2015."

Administration officials who attended the Jobs Council forum included Senior White House Advisor Valerie Jarrett, Secretary of Commerce Gary Locke, White House Domestic Policy Advisor Melody Barnes, and Chair of the Council of Economic Advisors Austan Goolsbee. Participants in the Manufacturing, Listening, and Action session were Ex-Im Bank Chairman Fred Hochberg, Small Business Administrator Karen Mills, DuPont Chair and CEO Ellen Kullman, Intel Corporation President Paul Otellini, and BNSF Chairman and CEO Matt Rose.

The President's Jobs Council was created to provide non-partisan advice to the President on how best to strengthen the nation's economy and look for additional ways to create jobs, opportunity, and prosperity for the American people.

Chairman Hochberg was in Raleigh earlier this month, where he hosted a Global Access for Small Business forum with Senator Kay Hagan (D-NC). At the event, North Carolina small business owners learned how to gain a competitive edge in today's global marketplace when selling their goods and services overseas. Ex-Im Bank has hosted more than a dozen Global Access events across the country this year.

Small business owners who are interested in learning more about how they can successfully export their products can call 1-800-565-EXIM (3946). Ex-Im Bank also offers information specifically designed to assist small business exporters on its website at http://www.exim.gov/smallbusiness/.

About Ex-Im Bank:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance, and financing to help foreign buyers purchase U.S. goods and services. In the first seven months of fiscal year 2011, Ex-Im Bank approved $14.8 billion in total financing authorizations, supporting $17.8 billion in U.S. export sales. These sales will support more than 129,000 American jobs in communities across the country. This seven-month authorizations figure is the highest in the Bank's history.

For more information, visit Ex-Im Bank's Web site at www.exim.gov.


Media Contact: Jamie Radice (Ex-Im Bank): 202-565-3200


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Americans Give President Obama Negative Job Rating

President Barack Obama

28 Feb 2011 15:53 Africa/Lagos


Almost Six in Ten Americans Give President Obama Negative Job Rating

Almost nine in ten give Congress negative ratings

PR Newswire

NEW YORK, Feb. 28, 2011

NEW YORK, Feb. 28, 2011 /PRNewswire/ -- Looking ahead, President Obama most likely sees many battles forthcoming. There's the current budget showdown which has the potential to lead to a government shutdown. There is the labor issue and all eyes are watching to see how the White House responds to what is happening in Wisconsin. And then there is his own electoral battle, albeit 20 months from now, but still on the horizon.

(Logo: http://photos.prnewswire.com/prnh/20100517/NY06256LOGO)

Going into these battles, almost three in five Americans (58%) have a negative opinion of the job the President is doing while 42% have a positive opinion of it. This is slightly down from last month when 44% of U.S. adults gave the job the President was doing positive marks and 56% gave it negative ratings.

These are some of the results of The Harris Poll of 3,171 adults surveyed online between February 14 and 21, 2011 by Harris Interactive.

Partisanship definitely exists in looking at President Obama's job approval ratings. Nine in ten Republicans (90%) give the President poor ratings while almost three-quarters (73%) of Democrats give him positive marks and Independents are more negative than positive with 60% giving the President negative marks and 40% positive. What is interesting is the depth of support among Republicans and Democrats. Almost six in ten Republicans (57%) give President Obama a rating of poor, the worst on the scale. Among Democrats, just one in five (22%) give the President a rating of excellent, while half (50%) say he is doing a pretty good job.

There is also a large regional divide. Just three in ten Southerners (31%) give President Obama positive ratings as do 42% of Midwesterners. Westerners are very split as 49% give the President positive ratings while 51% give him negative marks. The President's strongest ratings come from the East where over half (54%) give him positive ratings on the job he is doing.

It is almost two months into the new Congress and yet they are not faring much better than the previous Congress did in terms of their ratings. Over four in five Americans (86%) rate the overall job Congress is doing negatively while just 14% give Congress positive ratings. Last month, 84% of U.S. adults gave them negative marks while 16% positive ratings.

It's not just Congress and the President who are mired in negative ratings, the direction of the country is as well. Almost two-thirds of Americans (64%) say things in the country are going off on the wrong track, almost the same as last month (63%). Over one-third of U.S. adults (36%) say things are going in the right direction; 37% said this last month.

So What?

Americans may be hearing that things are getting better and they can see the stock market has had a nice run, but this hasn't translated into better job ratings for President Obama or for Congress. And, if turmoil in the Middle East continues and impacts gas prices for the summer driving season, expect these numbers to move down, not up. That's something the White House definitely does not want to see one year before the presidential election.

Click here for more details

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President Obama Donates $125,000 of Nobel Prize Money to American Indian College Fund

President Barack Obama received the 2009 Nobel Peace Prize in Oslo, Norway on Thursday, December 10, 2009.

12 Mar 2010 01:35 Africa/Lagos

President Obama Donates $125,000 of Nobel Prize Money to American Indian College Fund

DENVER, March 11 /PRNewswire-USNewswire/ -- President Obama announced today that he will donate $125,000 of his $1.4 million 2009 Nobel Peace Prize monies to the American Indian College Fund (the Fund). In a statement issued by the White House, Obama said of the Fund and nine other charity organizations that received donations from the president, "These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need. I'm proud to support their work."

"We are thrilled that President Obama has chosen to publicly acknowledge the work the American Indian College Fund is doing in Indian Country by sharing $125,000 of his prestigious Nobel Peace Prize award with us," said Richard B. Williams, President and CEO of the American Indian College Fund. "As a result of President Obama's vision and leadership, through his donation to the Fund along with nine other outstanding charities, he is setting an example for how all Americans can help those less fortunate. The gift will be used to support Native scholarships at America's 33 accredited tribal colleges and universities."

According to the White House Statement, these charities include Fisher House, which provides housing for families of patients receiving medical care at major military and VA medical centers; the Clinton-Bush Haiti Fund, which raises money for long-term relief efforts in Haiti after its earthquake; College Summit, which partners with elementary and middle schools and school districts to increase college enrollment and student preparation; the Posse Foundation, a scholarship organization which identifies public high school students with academic and leadership potential who may be overlooked by traditional college selection processes; the United Negro College Fund, which helps 60,000 students yearly to attend college through scholarship and internship programs; the Hispanic Scholarship Fund, the nation's leading Hispanic scholarship organization; the Appalachian Leadership and Education Foundation, which supports and enables young Appalachians to pursue higher education though scholarship and leadership curriculum; AfriCare, which supports health and HIV/AIDS, food security and agriculture, and water resource development projects in 25 countries; and the Central Asia Institute, which promotes and supports community-based education and literacy, especially for girls, in remote regions of Pakistan and Afghanistan.

About the American Indian College Fund

With its credo "Educating the Mind and Spirit," the American Indian College Fund is the nation's largest provider of private scholarships for American Indian students, providing an average of 6,000 scholarships annually for students seeking to better their lives and communities through education and support to the nation's 33 accredited tribal colleges and universities. For more information about the American Indian College Fund, please visit www.collegefund.org

Source: American Indian College Fund

CONTACT: Dina Horwedel, Director, Public Education, +1-303-430-5350
(direct), or +1-720-394-8073 (cell), dhorwedel@collegefund.org

Web Site: http://www.collegefund.org/

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NEWSWEEK Cover: I Got It Bad

In the February 2 issue of Newsweek (on newsstands January 26), "I Got It Bad (And That Ain't Good)," Newsweek's Fareed Zakaria writes about the challenges President Obama will face in order to fix the economy and restore America's credibility. Plus: Daniel Gross on our "Yes, We Can" president in a "No, We Can't" economy; Somali-Americans recruited for jihad; what makes some people survive; what Obama's presidency means for racial equality; and Newsweek's Oscar Roundtable with six Hollywood stars.(PRNewsFoto/NEWSWEEK) NEW YORK, NY UNITED STATES 01/25/2009

25 Jan 2009 17:04 Africa/Lagos

NEWSWEEK Cover: I Got It Bad

President Obama Needs To Act Quickly and on a Massive Scale To Fix the Economy

"We Have Not Turned the Corner. In Fact, We Can't Even See the Corner Right Now."

NEW YORK, Jan. 25 /PRNewswire/ -- In an essay opening the February 2 Newsweek cover package, "I Got It Bad (And That Ain't Good)" (on newsstands Monday, January 26), Newsweek International Editor Fareed Zakaria writes that President Barack Obama will have to quickly start planning for a set of more extraordinary measures to pull the United States out of its current, unsustainable economic condition. "The American financial system is effectively broken. Major banks are moving toward insolvency, and credit activity remains extremely weak. As long as the financial sector remains moribund, American consumers and companies -- who collectively make up 80 percent of GDP -- will not have access to credit, and economic activity cannot really resume on any significant scale. We have not turned the corner. In fact, we can't even see the corner right now," he writes.


(Photo: http://www.newscom.com/cgi-bin/prnh/20090125/NYSU001 )


"President Obama faces a terrible dilemma. He needs to act quickly and on a massive scale," Zakaria writes. Without large scale action, the financial system will keep bleeding, but the American public believes that we have already spent far too much on bailing out the banks. Zakaria argues that the economic fact is that we have not spent enough. Even worse, "this current crisis has resulted in a deep erosion of American power that we have not fully understood. Even in the depths of the Iraq War, when much of the globe was enraged by George W. Bush's unilateralism, people everywhere believed that the United States had the world's most advanced economy and that its capital markets in particular were the most sophisticated and developed." That system is now seen across the world as a sham, and the attitudes of officials and businessmen range from shock to rage at what they see in the United States.


"When he began his run for the White House, Barack Obama thought he could restore American power and leadership by righting our foreign policy, winding down the Iraq War, closing Guantanamo, ending torture. These are all important policies, and I am glad that he is pursuing them. But right now, the most important way for him to restore America's credibility and influence in the world is to rescue the American model," Zakaria writes.


Also in the cover package, Senior Editor Daniel Gross writes how more and more companies and firms are deciding to forgo the work of restructuring their finances, and instead selling off their inventory and closing. "Rather than soldier on, many operators have opted to simply fold, returning money to investors. Companies, homeowners and money managers willing to quit rather than fight is both a symptom of the nation's deep economic woes and emblematic of the challenge the Obama administration faces," Gross writes. "Our 'Yes, We Can' president is going to have to fix a 'No, We Can't' economy."


(Read cover package at www.Newsweek.com)

Cover: http://www.newsweek.com/id/181407

The Quitter Economy: http://www.newsweek.com/id/181264


Photo: http://www.newscom.com/cgi-bin/prnh/20090125/NYSU001
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN1
PRN Photo Desk, photodesk@prnewswire.com
Source: Newsweek

CONTACT: Katherine Barna, +1-212-445-4859, of Newsweek


Web site: http://www.newsweek.msnbc.com/

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