Friday, April 6, 2012

Mubarak's ex-spy chief aims to run for president

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Republicans try to shut down talk of becoming VP

FILE - In this Feb. 27, 2012 file photo, South Carolina Gov. Nikki Haley waits for President Barack Obama to speak in the State Dining Room of the White House in Washington. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/Susan Walsh, File)

FILE - In this Feb. 27, 2012 file photo, South Carolina Gov. Nikki Haley waits for President Barack Obama to speak in the State Dining Room of the White House in Washington. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/Susan Walsh, File)

FILE - In this Oct. 5, 2011 file photo, Sen. Marco Rubio, R-Fla. speaks in Washington. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/Haraz N. Ghanbari, File)

FILE - In this Aug. 13, 2011 file photo, then-Republican presidential candidate, former Minnesota Governor Tim Pawlenty speaks in Ames, Iowa. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/Charles Dharapak, File)

FILE In this Jan. 17, 2012 file photo, New Mexico Gov. Susana Martinez is seen in Santa Fe, N.M. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/Susan Montoya Bryan, File)

FILE - In this Feb. 11, 2012 file photo, Sarah Palin speaks in Washington. Not it! Republicans considered to be up-and-comers are scrambling to make it known they have no interest in becoming Mitt Romney?s running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June _ if not earlier _ some of the focus has shifted to his pick for the number-two spot on his ticket but no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins. (AP Photo/J. Scott Applewhite, File)

(AP) ? Tag. I'm not it.

Republicans considered to be up-and-comers are scrambling to declare a lack of interest in becoming Mitt Romney's running mate, taking themselves off the still-forming short list of would-be vice presidents. With Romney poised to win the GOP nomination in June, if not earlier, some of the focus has shifted to his pick for the No. 2 spot on the ticket. But no one is rushing forward and many of the top prospects are trying to shut down the conversation before it begins.

"I'm not going to be the vice president," Sen. Marco Rubio said Wednesday.

"If offered any position by Gov. Romney, I would say no," South Carolina Gov. Nikki Haley told The Associated Press a day earlier.

"I've taken myself off the list," former Minnesota Gov. Tim Pawlenty said recently.

"It's humbling, but I'm not interested," New Mexico Gov. Susana Martinez said.

It's not that bad of a job, is it? Well, it depends. John Nance Garner, who was President Franklin D. Roosevelt's vice president, described the job as "not worth a bucket of warm spit," among other characterizations.

Some of the would-be picks already have pretty good day jobs as governors: Mitch Daniels in Indiana, Bobby Jindal in Louisiana, Chris Christie in New Jersey and Bob McDonnell in Virginia. Rob Portman of Ohio and John Thune of South Dakota have seats in the Senate, and Paul Ryan of Wisconsin in the House.

Part of the dance is trying to appear uninterested in the role of designated attack dog and potential GOP front-runner for 2016 if Romney falls short in November. Part of it is also preserving a personal brand; campaigning for the second slot and coming up short is embarrassing, as Pawlenty remembers from his unsuccessful effort to become Sen. John McCain's running mate in 2008. McCain went with Sarah Palin.

And, potentially, no one wants to play second fiddle on a second-place ticket. If Romney falls short in his bid to make President Barack Obama a one-termer, the fresh faces in the GOP today might be tainted as losers heading into 2016 if the campaign goes badly.

Just look at Palin, the former Alaska governor. She flirted with running this year but ultimately decided against it, given her divisive reputation, lagging poll numbers and sour memories of the 2008 race.

Palin offered some advice to the nominee, whether it ends up being Romney or someone else:

"Don't necessarily play it safe and do just what the GOP establishment expects them to do," she told Fox News Channel, where she is a paid contributor. "It doesn't matter if that person has national level experience or not, they're going to get clobbered by the lame-stream media who does not like the conservative message."

That may also be part of the reason why no one is rushing to join Romney's team.

Associated Press

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Home Improvement Tools ? Do you believe you're Built with the ...

[unable to retrieve full-text content]You will certainly find yard tools within a couple of types, namely, manual tools and also power run tools. As element of the respective home improvement tools system, you ought to obtain yard tools say for example a yard ...

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Are We Done Freaking Out? Canada Commends Facebook?s Privacy Progress

Facebook CanadaYou can put down your pitchforks and torches. An investigation by the?Privacy Commissioner of Canada found three recent complaints against Facebook were either unfounded, resolved, or both. Considering most government privacy audits end with demands for specific changes, this looks like a win for the folks at 1 Hacker Way. The Commissioner's only criticism was that it was "disappointed that Facebook hadn?t anticipated the widespread privacy concerns that followed the launch of its ?friend suggestion? feature". That feature was widely misinterpreted to be accessing user email accounts without consent. It wasn't, but Facebook may need to assume that its past mistakes and years of privacy fear-mongering by the media will lead people to assume the worst.

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Thursday, April 5, 2012

Winston Rowe & Associates Commercial Loan Check List ...

Winston Rowe & Associates, a no upfront fee commercial real estate finance firm?has prepared this article to provide general guidance as it pertains to commercial mortgage applicants supporting documentation checklist for apartment buildings, office buildings, shopping center and hospitality.

To speak with a commercial real estate finance specialist you can contact Winston Rowe & Associates directly at 248-246-2243 or visit them on line at http://www.winstonrowe.com

General Supporting Documentation Used For Commercial Loans:

3 most recent years tax returns, personal and business
Extensions for any filings
3 months most recent bank statements, personal and business
Personal financial statements updated within last 60 days
Year-to-date business operating statements-
Year end business operating statements if business tax returns are on extension
Personal resume
Property management resume, or letter of credentials
Letter of explanation for any derogatory credit, including: slow pays charge-offs liens, judgments, child support, etc.
Schedule of real estate holdings
Subject property rent roll
Subject property leases
Subject property income and expense statements, including year end and year-to-date
Commercial Mortgage Loan Purchase Documentation
Valid purchase contract
Selling agent or individual contact information
Verification of escrows
Property insurance information
Title policy
Survey
Property insurance information

Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client?s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.

Winston Rowe & Associates has an excellent knowledge based investor resource for commercial real estate valuation and market analysis located at:

http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront free commercial loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, ?Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, ? Texas, Utah, Vermont, Virginia, ? Washington, Washington DC, West Virginia, Wisconsin, Wyoming

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Wednesday, April 4, 2012

David Paul: Aung San Suu Kyi's Triumph and the Prospects for a New Grand Bargain

The election of Aung San Suu Kyi is a useful reminder that change and progress is possible even in the most apparently sclerotic societies. Whatever the combination of external pressure and internal dynamics, the notion that there is a parliament in the country formerly known as Burma, that there are elections that matter, and that long-time pro-democracy dissident Aung San Suu Kyi won a seat, is a reminder to a casual observer that the status quo can evolve. Perhaps if change is possible in Myanmar, it is possible here as well.

After a week of watching the partisan hostilities surrounding the Supreme Court's oral arguments on Obamacare, Matt Bai's article in the New York Times magazine revisiting the failed "grand bargain" that might have ameliorated our continuing budget crisis suggests both how close the sides came to a viable agreement. Notwithstanding lingering questions about whether the President Obama changed the terms of the deal at the last moment and whether Speaker John Boehner could have delivered the votes of his restive caucus, it seems clear that Obama and Boehner fundamentally understand the urgency of addressing our long-term budget challenges before market forces make such a resolution far more difficult.

The intractability of our budget problems are illustrated in this dynamic graphic that illustrates the changes over time in the population distribution by age of the United States from 1950 to 2050. As shown here in the snapshots of the beginning and end of that century long period, the age distribution by 2050 has a far greater share of the population in the post-65 retirement years, compared to the beginning of the century when the population distribution reflected a larger working age population supporting their retired parents and grandparents.

2012-04-03-Populationbyagechange.jpg

These demographic trends tell much of our budget story. The steady aging of the population and the declining share of the population that are in their economically active years demands that difficult choices be confronted. With an aging population and with increasing longevity, and a declining share of the population in their economically productive years, the costs per retiree are growing steadily and demanding a steadily increasing share of national resources.

When the Social Security system was created in the 1930s, average longevity was less than the retirement age of 65. That is to say that the average American at the time died before they were eligible to receive benefits. In 1950, there were sixteen workers paying into the system -- which remains in large measure a pay-as-you-go system where current payroll taxes pay for current retiree benefits -- compared to 2.8 workers by 2010. Today, with longevity approaching 80s and the retirement age still at 65 for most Americans, simply to cap retiree and health spending at a constant percentage of GDP would require some combination of extending the age of eligibility, means testing and/or changes to the benefits formula.

The graph below illustrates the pattern of federal spending over the past several decades, and projected for the next decade by the Congressional Budget Office. As illustrated here, over the past decades, the cost of core entitlements has grown steadily to usurp a growing share of federal spending. As this graph suggests, if federal spending were to be capped at its pre-financial crisis average since the mid-1970s of 20.8 percent of GDP, five categories of spending -- Social Security, Medicare, Medicaid, Defense and Net Interest -- will steadily squeeze out all other areas of entitlement and discretionary spending. By 2022, Everything Else is squeezed out, falling 57 percent from its historical average of 6.4 percent of GDP to 2.7 percent of GDP.

2012-04-03-image002.png

The Obama-Boehner negotiations illustrate the challenge to the two political parties -- and particularly to the ability of the party leadership to bring along their rank and file -- in navigating their way to a long-term budget solution. The urgency of controlling our destiny sooner rather than later is illustrated in the growing Net Interest share of the federal budget over the coming decade. The growth in Net Interest shown here reflects optimistic assumptions by the Congressional Budget Office of only gradual increases in federal borrowing costs, with the 10-year treasury barely reaching 5 percent over the coming decade.

It is notable that Net Interest, currently 1.5 percent of our national GDP, peaked in 1991 at 3.3 percent of GDP in 1991 in the wake of Reagan-era deficit. However, our public debt currently stands at four times the amount in 1991, while current net interest costs reflect today's absurdly low interest rates that are around one-fourth of what they were back then. We do not have to face a Greece-like scenario threatening loss of market access, skyrocketing interest rates and default for our failure to control our financial destiny to wreck havoc on our national budget and politics. All it would take is for economic activity to rebound and investors regain comfort with global debt and equity markets, and we can reasonably expect to face a scenario with substantially higher federal borrowing costs. For example, should interest rates return to 1991 levels, the interest costs of our current level of public debt would rise from the current 1.5 percent to closer to 7 percent of GDP, well more than the share of national income consumed today by Medicare, Social Security or defense.

The problem, of course, is that everyone in Washington wants to solve the nation's fiscal imbalances by placing the burden on the back of someone else's constituency. Democrats, as New York Mayor Michael Bloomberg pointed out in an op-ed this week, are living an illusion in their suggestion that tax hikes on the rich alone can do anything meaningful to solve our fiscal problems. For their part, Republicans have demonstrated no appetite for compromise on budget solutions. W. counsel John Yoo argued in an op-ed this week that regardless of the outcome of this week's Supreme Court arguments, salvation can only come through complete dominance of both branches of Congress as well as the executive branch.

House Budget Committee Chairman Paul Ryan is one of few in Washington who has proven himself willing to grapple with the entitlement nettle, however vague his budget proposals might be. Democrats only undermine their own credibility as they attack Ryan's budget proposals with accusations that Republicans are throwing the elderly under the bus. The fact is that one way or the other, the future will be different from the past, the question is when our political leaders will face up to the challenges. And the longer they wait, the more painful the required changes will be.

Congressman Ryan, like President Obama, rejected the Simpson-Bowles Commission recommendations. The failure of the president to provide leadership on the issue was particularly puzzling as the Commission report came in the wake of the off-year 2010 elections in which Democrats -- and the president in particular -- were soundly rebuked. One does not need the benefit of hindsight to wonder how the president's political advisors at the time could have believed that he could negotiate a better deal with Republicans than what the Simpson-Bowles Commission put on the table.

Looking back, one has to imagine that either the president underestimated the severity of the budget challenge or overestimated his ability to persuade his Republican opposites. Neither conclusion is comforting. However, the portrait painted by Matt Bai in the president's negotiation with the Speaker suggest the latter, that the president is prone to overestimate his negotiating ability, as Bai's account suggests that the president had a deal within reach, but changed the terms at the last minute.

For his part, Paul Ryan's rejection of the Simpson-Bowles Commission recommendations as a member of the Commission led directly to the Commission's failure. Had Ryan supported that balanced plan, he likely would have brought with him the two more votes necessary to force an up-or-down vote in Congress, and the entire history of the fiscal debate and the debt ceiling travesty might well have been different.

For Tea Party fellow travelers -- who in Matt Bai's account were an unmovable obstacle to a budget deal even as the president won the acquiescence of Congressional Democrats -- the budget question is fairly straightforward: What is the greater evil, debt or taxes?Both parties would prefer to imagine a world where they dictate the outcome and do not have to compromise on their principles. But we don't have a parliamentary system; the two sides ultimately have no choice but to work together and no one is going to get the outcome that they prefer.

Aung San Suu Kyi's triumph should give us hope that if change can happen in Myanmar, we should set aside our cynicism and insist that the dysfunction and gridlock in our nation's capital not allow our country to risk meandering further down the tracks toward a fiscal and -- societal -- train wreck. President Obama and Speaker Boehner understood the parameters of a solution -- as did the Simpson-Bowles Commission -- and came remarkably close to a deal. The solutions are not difficult to imagine, just the willingness of our leaders to embrace them, and their followers to follow.

?

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?Oaksterdam University? pot-growing school raided by DEA agents (with expired tags)

Did a van used by the DEA to raid a medical marijuana training school have expired tags? (Photo Credit: Twitte??U.S. marshals on Monday, along with federal agents from the U.S. Drug Enforcement Agency and Internal Revenue Service, raided a Bay Area medical marijuana training facility known as "Oaksterdam University."

The university, in Oakland, Calif., offers training classes to people seeking to become legal medical marijuana providers under California state law.

"Clearly, they're trying to knock down one of the leaders in the cannabis reform movement," Oaksterdam Executive Chancellor Dale Sky Jones said.

While both sides debate the legality and necessity of the raid, a Twitter user going by the name "Octal," snapped a picture of what he claims is a van with expired tags used by agents in the raid. In the tagline below his picture, Octal writes, "The DEA agents raiding oaksterdam are in vans with expired tags."

In a 2010 executive order, then-California Governor Arnold Schwarzenegger declared illegal possession of up to an ounce of marijuana an "infraction," punishable by up to a $100 fine.

Conversely, the fine for expired tags in California is only $10 but the associated fees with the DMV can go as high as several hundred dollars.

Oakland is widely viewed as one of California's most pot-friendly cities. A 2004 Oakland medical marijuana initiative, approved by 65 percent of voters in 2004, designated the investigation, citation and arrest of illegal marijuana offenses to be the city's "lowest law enforcement priority."

Last year, California's Board of Equalization, the state's tax administrator, estimated that 400,000 Californians use pot on a daily basis, contributing more than $105 million in annual sales tax revenue from the state's $1.3 billion, nonprofit medical marijuana dispensary industry.

Monday's raid happened several hours before and seven miles away from a deadly shooting spree at Oikos University in Oakland.

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