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Freddie Stubbs

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Member since: 2002
Number of posts: 28,882

Journal Archives

Obama Considering Lazard Banker for Treasury Post

Source: The Wall Street Journal

WASHINGTON—The White House is expected to tap investment banker Antonio Weiss as the next U.S. Treasury Under Secretary for Domestic Finance, according to people familiar with the matter.

Mr. Weiss, 48, is currently head of global investment banking at Lazard, a mergers-and-acquisitions and restructuring shop on Wall Street well known for helping arrange corporate marriages and aiding distressed companies. If nominated and confirmed, Mr. Weiss would succeed Mary Miller, who stepped down from the senior Treasury post in early September. Matthew Rutherford has been filling the role in an acting basis.

Mr. Weiss’s nomination isn't final and the White House could decide to nominate someone else.

Mr. Weiss couldn’t be reached for comment.

Read more: http://online.wsj.com/articles/obama-considering-investment-banker-for-top-treasury-post-1415822173
Posted by Freddie Stubbs | Wed Nov 12, 2014, 04:07 PM (5 replies)

U.N. Says U.S. Marijuana Legalization Violates International Law

Source: Reuters

Moves by some U.S. states to legalize marijuana are not in line with international drugs conventions, the U.N. anti-narcotics chief said on Wednesday, adding he would discuss the issue in Washington next week.

Residents of Oregon, Alaska, and the U.S. capital voted this month to allow the use of marijuana, boosting the legalization movement as cannabis usage is increasingly recognized by the American mainstream.

"I don't see how (the new laws) can be compatible with existing conventions," Yury Fedotov, executive director of the United Nations Office on Drugs and Crime (UNODC), told reporters.

Asked whether there was anything the UNODC could do about it, Fedotov said he would raise the problem next week with the U.S. State Department and other U.N. agencies.

Read more: http://www.newsweek.com/un-says-us-marijuana-legalization-violates-international-law-283912
Posted by Freddie Stubbs | Wed Nov 12, 2014, 03:50 PM (20 replies)

Reid: 'No desire' to obstruct GOP

Source: The Hill

Senate Majority Leader Harry Reid (D-Nev.) on Wednesday pledged to work with the new Republican majority and eschew the strategy of obstruction he has accused them of using against Democrats.

“I am ready, Mr. President, to work with him in good faith to make this institution function again for the American people. I saw firsthand how a strategy of destruction was debilitating to our system,” he said, addressing the Senate chair.

“I have no desire to engage in that manner,” he said.

Democrats accused Republicans of using filibusters over the past four years to paralyze the Senate and drive down public opinion of Congress and government as part of a broader political strategy.

Read more: http://thehill.com/homenews/senate/223898-reid-no-desire-to-obstruct-gop
Posted by Freddie Stubbs | Wed Nov 12, 2014, 03:25 PM (111 replies)

Obama says momentum building on 'historic' trans-Pacific trade deal

Source: Reuters

BEIJING (Reuters) - U.S. President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour.

U.S officials have ruled out a major announcement on the ambitious 12-country Trans-Pacific Partnership (TPP) in Beijing, where Obama will attend the Asia-Pacific Economic Cooperation (APEC) forum and hold talks with Chinese President Xi Jinping.

But business leaders attending the APEC forum have been looking for signs of progress on the TPP, especially as China is pushing for a separate trade liberalization framework called the Free Trade Area of the Asia Pacific (FTAAP).

Obama said the TPP, in a deadlock largely due to disagreement between the United States and Japan over how widely Japan will open its doors to farm exports, had the potential to be an "historic achievement".

Read more: http://news.yahoo.com/obama-says-momentum-building-toward-trade-deal-spur-054651699--business.html
Posted by Freddie Stubbs | Mon Nov 10, 2014, 09:10 AM (83 replies)

Jameis Winston claims he was extorted for $7M by rape accuser, TMZ reports

Source: WDBO

TALLAHASSEE, Fla. — Florida State University's Heisman Trophy-winning quarterback Jameis Winston is claiming that the woman who accused him of rape last year offered her silence in exchange for $7 million, TMZ Sports is reporting.

The report has not been confirmed by other media outlets.

According to TMZ, Winston's lawyer sent a letter to FSU saying that Winston would cooperate with the school's investigation into the handling of the rape charges. But Winston wanted the school to know about the extortion plot moving forward, TMZ said.

This is the first time there's been any public discussion about an extortion plot related to the Winston rape allegations.

Read more: http://www.ajc.com/news/sports/claim-heisman-winner-winston-extorted-7m-rape-accu/nhS7Z/
Posted by Freddie Stubbs | Wed Sep 24, 2014, 10:40 AM (4 replies)

Speaking At Women’s Event, Joe Biden Praises Senator Who Was Forced Out Over Sexual Harassment

Source: Business Insider

In the middle of a Friday morning speech championing women's issues, Vice President Joe Biden offered warm words for a senator who resigned amid a sexual harassment scandal.

According to attendees, Biden singled out former Sen. Bob Packwood of Oregon as the sort of Republican who used to be reasonable on issues like expanding voter access. Packwood was reportedly accused by 10 women of unwanted sexual harassment and ultimately resigned in 1995.

"It was Republicans that were involved," Biden said in a speech at a DNC Women’s Leadership Forum breakfast. "Guys like Mac Mathias and Packwood and so many others. It wasn't Democrats alone. Republicans were the sponsors of the raises of the minimum wage. I could go on and on. I'm not joking: This is not your father's Republican Party, or your mother's Republican Party."

According to The Washington Post, the details of Packwood's scandal were especially lurid.

Read more: http://www.businessinsider.com/joe-biden-praises-bob-packwood-at-womens-event-2014-9
Posted by Freddie Stubbs | Fri Sep 19, 2014, 01:10 PM (28 replies)

Buffett to help finance Burger King's acquisition of Tim Hortons: WSJ

Source: Reuters

Berkshire Hathaway Inc chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc's take over of Canadian chain Tim Hortons Inc, the Wall Street Journal reported, citing people familiar with the matter.

Buffett will invest in the merger in the form of preferred shares, the people told the WSJ, adding that Berkshire is expected to provide about 25 percent of the deal's financing. (http://on.wsj.com/VL74SY)

The exact structure of Buffett's participation remains unclear, and discussions are ongoing, the Journal said.

Shares of the Canadian coffee and doughnut chain and U.S. fast-food company Burger King confirmed late on Sunday that they were discussing a merger. Investors and analysts said the deal was spurred in part by Canada's attractive tax policies.

Read more: http://www.globalpost.com/dispatch/news/thomson-reuters/140826/buffett-help-finance-burger-kings-acquisition-tim-hortons-wsj
Posted by Freddie Stubbs | Tue Aug 26, 2014, 08:00 AM (13 replies)

Egypt Urges 'Restraint' Over Michael Brown Protests in Ferguson

Source: NBC News

CAIRO - Egypt on Tuesday urged U.S. authorities to exercise restraint in dealing with racially charged demonstrations in Ferguson, Missouri - echoing language Washington used to caution Egypt as it cracked down on Islamist protesters last year. It is unusual for Egypt to criticize such a major donor. Ties between Washington and Cairo were strained after Egyptian security forces killed hundreds of Muslim Brotherhood supporters following the army's ousting of freely elected President Mohamed Morsi in July 2013.

The Egyptian Foreign Ministry's statement Tuesday on the unrest in Ferguson read similarly to one issued by the U.S. in July 2013, when the White House "urged security forces to exercise maximum restraint and caution" in dealing with demonstrations by Morsi supporters. The ministry added it was "closely following the escalation of protests" in Ferguson, unleashed by the fatal shooting of unarmed black teenager Michael Brown by a white police officer on Aug. 9. Human Rights Watch said in a report last week Egyptian security forces systematically used excessive force against Islamist protesters after Morsi was ousted.

Read more: http://www.nbcnews.com/storyline/michael-brown-shooting/egypt-urges-restraint-over-michael-brown-protests-ferguson-n183776
Posted by Freddie Stubbs | Tue Aug 19, 2014, 09:16 AM (12 replies)

Reid: 'We are going to lose in South Dakota'

Source: Argus Leader

RENO, Nev. – Senate Majority Leader Harry Reid said Monday he expects Democrats to maintain control of Senate in the fall elections but acknowledged things could change between now and then.

"If the election were held today, we'd be in the majority without any question, but the election is not today," Reid of Nevada told reporters at his office in Reno.

The Senate is composed of 53 Democrats, 45 Republicans and two independents who vote with the Democratic caucus.

Reid said he's most concerned about the open seat in South Dakota, where longtime Democrat Tim Johnson is stepping down.

Read more: http://www.argusleader.com/story/news/2014/08/19/sd-senate-seat-worries-democratic-leader/14272361/
Posted by Freddie Stubbs | Tue Aug 19, 2014, 09:14 AM (18 replies)

Howard Dean: I hope Hillary Clinton becomes president

Source: CNN

Washington (CNN) -- One year ago, Howard Dean, the former Democratic presidential contender and avatar of progressive sentiment, sat in a hotel lobby at the annual Netroots Nation conference in San Jose and held forth on Hillary Clinton's White House chances in 2016.

Dean made news.

Clinton "will not get a pass" in the 2016 Democratic primaries if she decides to run again, Dean said, an early warning shot from the left against the party establishment's anointed front-runner. Dean said he might make a repeat White House bid of his own, promising to agitate "other politicians" in the race on issues precious to liberals.

How things have changed. Today, Dean still thinks Clinton will have a challenger in the Democratic field -- maybe several. But he won't be one of them. And if Clinton does run, Dean sounds like he's ready to join the team.

Read more: http://www.cnn.com/2014/08/19/politics/howard-dean-hillary-clinton-2016/index.html?hpt=po_c1
Posted by Freddie Stubbs | Tue Aug 19, 2014, 08:57 AM (1 replies)
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