April 18, 2009
President Obama announced that the Federal Government will purchase 17,600 new, American-made fuel- efficient cars at an expected cost of $285 million. It is expected that this will reduce the government’s consumption of gas by 1.3 million gallons per year. In addition it will prevent 26 million pounds of carbon dioxide from being released into the atmosphere.
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April 5, 2009
Since assuming power of North Korea in 1994, Kim Jong Il is viewed as “one of the most mysterious leaders in the world.” (CNN) He lives under a cloak of secrecy and his official biography is filled with elaborate statements , proven untruthful by other sources. In 1994, North Korea and the United States signed the “Agreed Framework” designed to dismantle North Korea’s nuclear program. In 2002, Il’s administration admitted it continued nuclear production. Il’s history includes testing new foreign leaders with arms issues. Most recently, North Korea announced it will launch a satellite, with the U.S. and Japan believing it is a cover story for a missile launch. President Obama has stated a missile launch would be viewed as a “provocative” action and there would be a response. View more of Obama’s comments here.
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April 2, 2009
Thursday, April 2, 2009 marks the beginning of the G-20 Summit in London. In preparation, world leaders gathered and in some cases, met face to face for the first time. President Obama discussed nuclear arms with Russian President, Dmitri Medvedev, and human rights issues with Chinese President Hu Jintao. He wrapped his day up with tea at Buckingham Palace with the Queen Elizabeth II where he presented her with a fully loaded, engraved iPod. Meanwhile, thousands of anti-capitalists, anarchists, and environmental campaigners protested in various locations around London.
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March 25, 2009
On Tuesday, March 24, 2009, President Obama held a primetime news conference with the primary topic the economy and his administration’s recovery plans. Obama defended the current strategies stating “We’ll recover from this recession, but it will take time, it will take patience . . .” and that everyone “will attack this crisis from all fronts.” It is at times like this that our country’s leader and his top aides need to analyze this situation at hand and make the tough choices leading to a final, successful strategy. Case in point, earlier in the month President Obama completed a bracket for his NCAA basketball predictions. At first he looked off his game after several of his teams were eliminated. His picks rebounded over the weekend and fourteen of the “Sweet Sixteen” teams are his selections. Let’s hope this ability carries over to the economic sphere!
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March 17, 2009
Over the weekend, details surfaced that insurance giant AIG (American International Group), which accepted $170 billion in bailout funds, will give $165 million in bonuses to the very executives that almost bankrupted the company. President Obama cited AIG’s “recklessness and greed” and vowed that his administration will do what it can to stop payment of these bonuses. AIG has stated that it is contractually obligated to pay these bonuses.
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March 1, 2009
Throughout the decades PepsiCo has unveiled marketing campaigns aimed at a younger and hip generation. These include “Pepsi, the choice of a new generation” and the recent use of slogans and evoking President Obama’s successful campaign. In response to this, Michael Scherer, Washington correspondent for Time Magazine, conducted an informal survey to determine if Pepsi or its rival, Coca-Cola was the drink of choice in the White House.
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