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Daily Archives: May 14, 2017
Nick Clegg: ‘I was one of the most vociferous advocates against another coalition’ – The Independent
Posted: May 14, 2017 at 6:12 pm
Nick Cleggsays hehas been passionately advocatingagainst a second coalition in Liberal Democrat circles, insisting there is no glue to hold together another government with either the Conservatives or Labour.
Mr Clegg, the former deputy Prime Minister, who took a leap into the political unknown seven years agoto enter, with David Cameron, intothe first coalition government since 1945, now believes such an alliance with Theresa May is nonsense and his party would never dignify the current collusion between the Tories and UkipregardingBrexit.
In an interview with The Independent on the day before Parliament was dissolved, the former Liberal Democrat leader, who led the party to acalamitous near-wipeoutat the last general election, said the forthcoming vote was a huge opportunity for his successor Tim Farron to capitalise on thetransformation of the political landscape in Britain over the last two years.
Asked whether he was optimistic about the prospects for arevival of the party, he said: We cant do much worse than 2015. So I think the only way is up.
He believes barring a dramatic event in the next four weeks Ms May will remain in Downing Street on 9 June.
But he criticised the Conservative party for treating the general election as a regal procession and a coronation rather than a contest.
Its an odd election, he added. The question really isnt who is going to be in government, its who is going oppose them [the Conservatives] and who is going to oppose them well.
They have this plutonium guard in the right-wing press that will sort of kneecap anybody who stands in their way and Jeremy Corbyn is helping tremendously with this hapless leadership of the Labour party. Its very, very likely Theresa May will be Prime Minister and then the question really becomes what kind of majority does she get, what kind of mandate does she get and how will she continue to be held to account for what I regard to be a series of very bad choices in terms of the future that she wants to impose on this country.
Asked whether Mr Farron was right to categorically rule out entering another coalition after the election, should the situation arise, he responded: Quite right too. In the discussions we had amongst ourselves as Liberal Democrats, I was probably one of the most vociferous advocates of that because times have changed completely.
When I was leader a long time ago now, prior to the 2010 election, the essay question for the Liberal Democrats was 'Would we step up to the plate in the wake of the terrible financial crisis in 2008 to provide responsible government for the country?' Now the essay question is entirely different it is 'Will we stand up to the plate to provide effective opposition?'
The big prize for the Liberal Democrats, he added, is to return back into the hands of the British people the right to decide their own future once we know what the Brexit deal is in the form of a second referendum. That of course is best done by reinforcing presence on the opposition benches, he said.
You have now a Government with some very powerful vested interests, some of these moneyed, rather shadowy elites that have financed the Brexit campaign in the first place.
The idea the Liberal Democrats are going to participate in that is of course a nonsense. It is diametrically opposed to everything we believe in, it is a very odd union of this methodical Prime Minister and rather shadowy, unaccountable elites, who have managed to shape the public debate in a way in which pursues their ends: not only the United Kingdom leaving the European Union but doing so in order to covert the United Kingdom thereafter into a sort of low-tax, offshore economy. That is an ideological journey that is absolutely contrary to everything that liberalism and the Liberal Democrats stand for.
Mr Clegg said in 2010 there was a meeting point for a coalition. We needed to do something exceptional to pull the country back from the economic brink and that was something which, in a sense, the glue that held the coalition together, he added.
Theres no such glue at all.
But the former leader of the Liberal Democrats refused to choose whomhe would he would prefer as Prime Minister in four weeks time. Its such an invidious choice I couldnt possibly choose, he laughed. I think the sort of slightly self-indulgent nostalgia youve got in the leadership of the Labour party is as damaging as the sort of divisive, Ukip-lite approach to life that we now have from the Conservative party. There are millions of people in the country who I suspect feel pretty hopeless at the moment politically."
Mr Clegg was last photographed with his old coalition partner Mr Cameron at the Ivy Brasserie in Kensington, west London, as the pair had breakfast together. But he refused to divulge in any details of the conversation. We had a cup of coffee and a light breakfast if you really must know, he said. Much though we disagree on all sorts of things, not least Europe, we had worked together for many years so we were just catching up.
Unsurprisingly, it wasnt a get-together for public consumption.
Asked if the coalition he agreed to enter seven years ago had been a mistake, he replied: Clearly not a mistake from the countrys point [of view].
The record shows it was a remarkably stable and moderate government compared to what we now have. It was a remarkably stable government compared to all the governments that were toppling in the rest of Europe and we did some really big, progressive things.
The tragedy is, we were hardly thanked for it, to it put it mildly. The moment the reins came off the Conservatives they screwed it all up again. Having worked so painstakingly to put Humpty Dumpty back together again after the economic damage of 2008, theyve now gone a blown a 59bn further Brexit blackhole in our public finances.
But the issue of tuition fees remains something that has tarnished his record and still continues to blight the prospects the Liberal Democrats, especially among younger voters.
At the beginning of this month, Mr Cleggfaced a grilling from the ITV Good Morning Presenter Piers Morgan over the coalitions decision to treble fees for students and became visibly infuriated, describing Mr Morgan as pompous.
To be honest, he likes the sound of his own voice too much. I was more sort of thinking 'Am I ever going to have a minute to say anything?' added MrClegg.
Nick Clegg calls Piers Morgan 'pompous' and 'extraordinary' during interview
Hes like a lot of self-absorbed people, he loves the sound of his own voice. To be honest I was just reacting to the idea that we had a few precious minutes together on television and it was taken up by the sound of his own voice.
The former Lib Dem leader, however, concedes that the decision was something immensely damaging to us politically.
We had choices to make, he adds. There just wasnt enough money to do everything we did, so the choices we made, I think will stand the test of time. We choseto invest in the poorest kids at the youngest point in their lives.
Heres the really uncompromising truth: I am not the first and I wont be the last politician who found he couldnt do exactly what he wanted in power than he had hoped in opposition."
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Nick Clegg: 'I was one of the most vociferous advocates against another coalition' - The Independent
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Revealed: Tories plot ‘Take-out Tim’ strategy to oust Liberal Democrat leader from seat – Telegraph.co.uk
Posted: at 6:12 pm
It comes as the party announces a series of promises on defence designed to sure up their support base and appeal to veterans.
The party today commits to spending 2 per cent of GDP on defence and 0.7 per cent of GDP on foreign aid if it wins power.
The Lib Dems are also proposing a careers for heroes policy that would give any solider who has served for more than 12 years free university tuition.
MrFarron, who became Lib Dem leader in July 2015, secured a majority in his constituency of around 9,000 votes at the last election.
However Tory strategists believe they have a genuine chance of unseating him this time round by winning over Brexit supporters.
It is very much Tory versus Lib Dem," said a Conservative source. "If you have 45 per cent of people voting for Brexit, then that is 45 per cent of people on side immediately.
If you add on people who think you need to get the best deal for Britain now were leaving, how much of the 55 per cent will back the Tories? Suddenly you start to see a different type of dynamic.
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Bill O’Reilly Tells Glenn Beck His Firing From Fox News Was a Liberal ‘Hit Job’ – NBCNews.com
Posted: at 6:12 pm
During an interview with Glenn Beck, former Fox News Channel host Bill O'Reilly complained of a liberal "hit job" that did him in.
"In the weeks to come we're going to be able to explain all of it," O'Reilly said Friday in his first interview since being fired on April 19. "It has to do with destroying voices that the far left and the organized left-wing cabal doesn't like."
While Fox's critics don't see it that way, a powerful mix of lawyers and liberal groups have indeed sought to amplify allegations of sexual and racial harassment at the network in a series of scandals that have also cost the jobs of founding CEO Roger Ailes and co-president and veteran executive Bill Shine.
They're not backing off, as they seek more firings and try to influence a British regulator's ruling on Fox News parent company 21st Century Fox's bid to acquire the Sky satellite network.
The drama has upended the most powerful conservative brand in media, one that has long rallied its viewers with talk of liberal conspiracies. O'Reilly's voice, for two decades the one most followed in cable news, has been silenced for now.
Shortly before O'Reilly was fired, his lawyer distributed a copy of an email as evidence of a "smear campaign." It was sent by Mary Pat Bonner, a consultant who helped raise money for former Democratic presidential candidate Hillary Clinton, less than two weeks after The New York Times reported on settlements paid to quiet claims against "The O'Reilly Factor" host. It invited people to a phone update on a campaign to pressure advertisers.
Bonner's firm was hired by Media Matters for America, a liberal watchdog founded in 2004 to criticize conservative media outlets, particularly Fox. The calls were an effort to keep various organizations that opposed O'Reilly informed, said Angelo Carusone, Media Matters president.
The groups include Color of Change, a racial justice organization; Sleeping Giants, social media activists who try to persuade companies not to advertise on conservative web sites; and UltraViolet, a women's rights group co-founded by a leader of Moveon.org that advertises on its web site the O'Reilly firing as one of its successes.
Carusone characterized the organizing as "not that much," basically sharing information and advertiser lists. But he said he gets the need for O'Reilly's supporters to concentrate on a foe.
"It's not as sexy as I think the idea is," he said. "But I understand why it's appealing to say."
Pressure put on O'Reilly advertisers to pull commercials from his show is a tactic familiar to Carusone, who led a similar campaign that choked lucrative ad dollars from Beck's former Fox show and drove him from the network.
O'Reilly's relatively swift firing less than three weeks after the Times story appeared may have worked in Fox's favor.
Carusone said Media Matters had been preparing a campaign for May, a key month in the television business when many companies allocate their advertising dollars, to encourage a general boycott of Fox News, not just O'Reilly's show. He still supports that goal, but concedes O'Reilly's firing has sapped it of any momentum. Many advertisers have returned to O'Reilly's old time slot, now occupied by Tucker Carlson.
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Bill O'Reilly Tells Glenn Beck His Firing From Fox News Was a Liberal 'Hit Job' - NBCNews.com
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Avon Taxpayers Association Disbands As Leader Moves To Massachusetts – Hartford Courant
Posted: at 6:12 pm
When asked to smile recently for a photograph, Flo Stahl didn't use the standard "cheese" retort.
"Zero tax increase," she said through a smile.
The words were more characteristic of Stahl, a local activist who has fought for fiscal restraint in local government on behalf of taxpayers for more than two decades in this town of 19,000.
But her battles with Avon's leaders are about to end.
Stahl, 86, is moving to Massachusetts to be closer to her family. She's looking to pass the torch to the next leader of the Avon Taxpayers Association, which Stahl founded and led since 1996. But so far, there are no takers so she said she's planning to disband the group.
Stahl, a Democrat, moved to Avon in 1967. In 1971, she was elected to the town council and served two terms before becoming a member of the town's finance board. She also served on the water pollution control agency.
Starting the taxpayers association stemmed from a contentious plan to expand and renovate Avon High School that was proposed in 1995. Stahl said she attended an informational meeting on the plan and walked away concerned about the $22 million price tag. Stahl said she helped start the association after talking to other residents who were worried that the project cost more than the town could afford.
Through the years, Stahl worked closely with more than a dozen people on the association. Together, they questioned town leaders about such big-ticket spending items as a proposed synthetic turf playing field at Avon High School, and pushed for transparency, publishing since 2003 a list of every municipal and school employee with their salary along with the value of their town-funded retirement benefits.
Stahl said she never saw the association as having a confrontational role and thinks Avon is generally a well-run community. She said things like publishing town employees' salaries was intended not to put an unwelcome spotlight on them but to educate local taxpayers about the town's single biggest expense. She said that is more important than ever since, in her view, salaries and benefits have become unsustainable for a town like Avon.
"We did not want people in government to think we were on a mission to get them," Stahl said. "Our mission was to get information to people so they could vote intelligently."
In 21 years, Stahl said the association campaigned against seven town budget proposals, including this year's spending package. Voters approved in a referendum Wednesday the $90.9 million budget, which will result in a 3.62 percent tax increase, an amount Stahl said is too high.
"Now, more than ever, you must become a 'vote no' advocate and campaigner or the budget will pass automatically on May 10," Stahl said in a notice she distributed before Wednesday's vote.
In a move to continue the association's work in some way, Stahl said she donated the $504 that remained in the association's bank account to the Avon Free Public Libary.
Tina Panik, the library's director of reference and adult services, said the money will pay for a program this fall on the four freedoms outlined in a series of paintings by Norman Rockwell, which are the freedom of speech, freedom of religion, freedom from want and freedom from fear.
"We thought this represents the idea behind the association, of advocacy and knowing about government," Panik said. "I always saw Flo as courageous. It takes guts to stand up in front of a group of people and ask questions."
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Avon Taxpayers Association Disbands As Leader Moves To Massachusetts - Hartford Courant
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GUEST COLUMN: Are you ready for single-payer health care? – St. Augustine Record
Posted: at 6:12 pm
By Robert Ringer
Chalk up another victory for the elephants and one more defeat for the donkeys. Yep, the Republicans have finally managed to get a healthcare bill through the House, and depending upon whom you listen to, the bill is anything from a complete Republican sellout to a major move in the direction of freedom and fiscal responsibility.
That said, lets take a deep breath and set aside all the B.S. and talking points coming from politicians and the media and look at the healthcare puzzle like rational, grown-up folks. The fact is that weve had government-controlled healthcare from the time progressives first convinced a significant percentage of the population that the government had an obligation to provide medical services to all citizens. Today, of course, that belief has evolved to mean all people living in the United States, citizens or otherwise.
It sounds nice, but as every halfway intelligent, honest adult understands, healthcare is not a right. Every human being is born with only one natural right: the right to freedom. Specifically, that means the right to do whatever he pleases, so long as his actions do not violate the freedom of any other human being.
The right to life, liberty, and the pursuit of happiness contains two redundancies. First, technically speaking, you dont have a right to life. If you did, you could choose to live forever. Good luck to you on your choice, but the reality is that a higher power decides the outcome of that one for you. You do, however, have a right to do anything you please to try to improve your life, which comes under the heading of freedom (or liberty, which is the word used by the Founding Fathers).
Second, the right to happiness is simply one aspect of freedom. You do not have a right to be happy, but you do have a right to pursue happiness (as in life, liberty, and the pursuit of happiness). The problems start when people come to believe the perverse notion that government (read, taxpayers) has an obligation to do whatever it takes to make them happy. Once a society crosses that line, it begins its death spiral, though it can still survive, in the words of Margaret Thatcher, until you run out of other peoples money.
Now, back to healthcare. In this day and age of ever-increasing lifespans, healthcare is an issue of life-and-death importance. But its important to understand that it has nothing to do with rights. It has to do with compassion.
This may surprise you, but, in theory, I believe in universal, or single-payer, healthcare. Thats right, if I had supernatural powers, Id see to it that everyone, young and old alike, had access to the best healthcare possible, without having to wait weeks, or even months, to see a doctor or have an operation.
The reason I qualified my statement with in theory is because even though I dont want to see any human being suffer unnecessarily or die from a lack of medical care, I also dont want the government to be involved in any way, shape, or form in anything as serious as healthcare.
It baffles me why so many people blind themselves to the truth about government. A government is nothing more than a collection of avaricious, power- and money-hungry men and women whom we refer to as politicians, and we already know, through firsthand experience, that they not only are untrustworthy, theyre incompetent.
The theoretical single-payer system I envision would be run by experienced, private-industry executives and overseen by a board of directors that would consist of the most prominent accomplished, civic-minded people among us, men and women whose reputations would be beyond reproach. They would get no compensation other than reimbursement for travel and other direct expenses, so you would never need to worry about them basing their decisions on their financial well-being.
Now, back to reality: Do I believe this will ever happen? No, I dont. Its just a theoretical fantasy, because, for starters, who could be trusted to pick the perfect people needed to run such a system?
The sad reality is that the United States will get single-payer healthcare in the not-too-distant future, but, unfortunately, the same avaricious politicians who have been stealing will run it from us since the inception of our nation. Based on experience, we already know that everything the government touches costs more and delivers less value. Amtrak has always operated in the red. The Post Office has always operated in the red. And politicians dont even make a pretense of wanting to adopt a breakeven budget for the United States.
Isnt it ironic that Medicare and Medicaid are going broke (not to mention the transfer-of-wealth program known as Obamacare), yet the government arrogantly believes it can run healthcare for everyone successfully? Absurd, of course, but nevertheless government-run healthcare is on the horizon.
Obama and the rest of the Dirty Dems were well aware that the only way Obamacare could be pushed through was by telling massive lies to the public. Their strategy was that when the system collapsed, they would then make the case that the only way to save people from suffering and death would be to implement a full-blown, single-payer system run by the government. A deceitful plan, to be sure, but a very clever one.
And it was all moving along right on schedule toward its ultimate goal when Chappaquas most famous liar found a way to blow the presidential election and Obamas third term against an opponent whom her supporters looked upon as nothing more than a bad joke. Whereupon the guy pulling her strings hightailed it out of town to Tahiti and began cashing in on the eight-year scam he had so successfully pulled off.
Id like to be wrong and see the Republicans come up with a miracle and find a way to make healthcare work, but my guess is that Horrible Hillarys gift to Republicans will only prolong the inevitable: government-run, single payer healthcare.
The irony is that the most famous government-run healthcare debacle, the VA, has been such a disaster that theres serious talk of turning it over to the free market. I guess the message is that you have to suffer through years of government incompetency before youre given the freedom to try and better your situation.
P.S. Allow me to close on an obvious note: Given the insoluble health care problems in the United States, I believe immigration (not just illegal, but legal) should be cut as close to zero as possible for at least five years.
The fact is that there are simply too many people in this country, which puts a strain on all kinds of services. If we cant afford health care for those already living here, why in the world should we add to the problem by bringing in even more people?
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GUEST COLUMN: Are you ready for single-payer health care? - St. Augustine Record
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Republicans plan massive cuts to programs for the poor – Politico
Posted: at 6:12 pm
House Republicans just voted to slash hundreds of billions of dollars in health care for the poor as part of their Obamacare replacement. Now, theyre weighing a plan to take the scalpel to programs that provide meals to needy kids and housing and education assistance for low-income families.
President Donald Trumps refusal to overhaul Social Security and Medicare and his pricey wish-list for infrastructure, a border wall and tax cuts is sending House budget writers scouring for pennies in politically sensitive places: safety-net programs for the most vulnerable.
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Under enormous internal pressure to quickly balance the budget, Republicans are considering slashing more than $400 billion in spending through a process to evade Democratic filibusters in the Senate, multiple sources told POLITICO.
The proposal, which would be part of the House Budget Committee's fiscal 2018 budget, won't specify which programs would get the ax; instead it will instruct committees to figure out what to cut to reach the savings. But among the programs most likely on the chopping block, the sources say, are food stamps, welfare, income assistance for the disabled and perhaps even veterans benefits.
If enacted, such a plan to curb safety-net programs all while juicing the Pentagons budget and slicing corporate tax rates would amount to the biggest shift in federal spending priorities in decades.
Atop that, GOP budget writers will also likely include Speaker Paul Ryans (R-Wis.) proposal to essentially privatize Medicare in their fiscal 2018 budget, despite Trumps unwavering rejection of the idea. While that proposal is more symbolic and wont become law under this budget, its just another thorny issue that will have Democrats again accusing Republicans of pushing Granny off the cliff.
The Budget Committee is trying to force the entire conference and committees of jurisdiction to focus on ways to bring down this deficit, said senior budget panel member Rep. Tom Cole. Republicans have long sought to tackle the nearly $20 trillion debt, but Trump has tied their hands by ruling out cuts to Social Security and Medicare.
The Oklahoma Republican, however, acknowledged that mandatory spending reductions could become very tough issues though he declined to name which programs would see major cuts: These are hard for anybody, no matter where youre at on the political spectrum.
While budget writers are well aware of the sensitive nature of their proposal, they feel they have no choice if they want to balance the budget in a decade, which theyve proposed for years, and give Trump what he wants.
Enraged by Democrats claiming victory after last months government funding agreement, White House officials in recent weeks have pressed Hill Republicans to include more Trump priorities in the fiscal 2018 blueprint.
House Budget Republicans hope to incorporate those wishes and are expected, for example, to budget for Trumps infrastructure plan. Tax reform instructions will also be included in the budget, paving the way for both chambers to use the powerful budget reconciliation process to push a partisan tax bill through Congress on simple majority votes, as well as the $400 billion in mandatory cuts.
The critique last time was that we didnt embed enough Trump agenda items into our budget, said Rep. Dave Brat (R-Va.), a budget panel member. Trump has "made it clear it will be embedded in this budget. And so people will see a process much more aligned with President Trumps agenda in this forthcoming budget.
New spending, however, makes already tough math even trickier for a party whose mantra is balance the budget in 10 years. Lawmakers need to cut roughly $8 trillion to meet that goal, budget experts say. And while a quarter of their savings in previous budgets came from repealing Obamacare and slicing $1 trillion from Medicaid, Republicans cannot count on those savings anymore because their health care bill sucked up all but $150 billion of that stash relatively speaking, mere pocket change to play with.
Republicans first reflex would be to turn to entitlement reform to find savings. Medicare and Social Security, after all, account for the lions share of government spending and more than 70 percent of all mandatory spending.
But while former Freedom Caucus conservative-turned-White House budget director Mick Mulvaney has tried to convince the president of the merits of such reforms, Trump has refused to back down on his campaign pledge to leave Medicare and Social Security alone. (Hes reversed himself on a vow not to touch Medicaid, which would see $880 billion in cuts under the Obamacare repeal bill passed by the House.)
Mulvaney, sources say, has been huddling on a weekly basis with House Budget Chairwoman Diane Black (R-Tenn.) and Senate Budget Chairman Mike Enzi (R-Wyo.) to plot a path forward. There appears to be some common ground to consider cuts to other smaller entitlement programs: While the Office of Management and Budget would not respond to a request for comment, CQ reported Tuesday that the White House was also considering hundreds of billions in cuts to the same programs being eyed by House budget writers.
Ive already started to socialize the discussion around here in the West Wing about how important the mandatory spending is to the drivers of our debt, Mulvaney told radio host Hugh Hewitt in March. There are ways that we cannot only allow the president to keep his promise, but to help him keep his promise by fixing some of these mandatory programs.
Final details of the GOPs budget plan arent expected until June, and specific language mandating the mandatory cuts still hasnt been written, according to one aide familiar with the process. Committees would then have several months to put together the department-by-department details on what exactly to cut, proposals that probably wont land until the fall at the earliest, given the legislative calendar.
The idea could run into problems: It is unclear whether such cuts would be acceptable in the more moderate Senate. In order for the proposal to actually move, Senate Republicans would need to include the same instructions in their own budget.
In the House, Republican leaders hope the moves toward deficit reduction will buy them some good will with conservatives going into September, when the partys right flank will have to swallow difficult votes to raise the debt ceiling and fund the government.
Cole argued the deficit-trimming push will appeal to the House Freedom Caucus, which blocked the House GOPs budget on the floor last year in protest of spending levels its members considered too high.
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But pleasing conservatives this time around will fuel anxiety on the other end of the conference. Endorsing cuts to programs for the poor will certainly make centrist House Republicans many of whom were uncomfortable voting to slice Medicaid just weeks ago in the Obamacare repeal bill very uncomfortable.
Rep. Charlie Dent, a centrist and senior Appropriations Committee member, said budget reconciliation instructions should center solely on tax reform, which is complex enough on its own, he said.
All I can say is: Tax reform by itself is very complex and controversial, Dent (R-Pa.) said. Adding some of these other changes will only make the tax reform more difficult.
Asked about mandatory programs that might be cut, he added: This will create challenges, no question about it. When so many of the entitlement programs are taken off the table for discussion that limits our ability to fund the nondefense discretionary programs and other mandatory programs that affect a lot of people.
GOP backers of the idea will argue in the coming weeks and months that moderates have voted for GOP budgets that included similar cuts in the past so they should be able to support them again.
But if House GOP leadership has learned anything from the Obamacare repeal debacle, it should be that voting for something that has no chance of becoming law and makes for great campaign fodder is much easier than backing a bill that could be enacted.
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Aiken School Board hears legislative update – Aiken Standard
Posted: at 6:12 pm
The S.C. State Legislature took little action of a number of bills the Aiken County Board of Education followed through the session, including a bill that would have amended the State Constitution to allow the governor to appoint the state superintendent of education.
Member Keith Liner updated the board on the progress of the bills Tuesday at its regular meeting. The regular legislative session of the S.C. General Assembly ended Thursday.
Bills to appoint the state superintendent of education would have sought voter approval to amend the Constitution of South Carolina to delete the state superintendent of education from the list of elected state officers and allow the governor to appoint the superintendent.
Neither the House nor the Senate took action on the bills beyond committees. House Bill 3036 was referred back to the House Committee on Judiciary on Feb. 22. Senate Bill 0027 was referred to the House Committee on Judiciary on Feb. 7. Senate Bill 0137 reported out favorably by the Senate Committee on Judiciary on Jan. 24.
The Tax Credit for Workforce Scholarship, House bill 3311, would have developed and implemented a career pathways initiative to establish a first careers program, a pathways to new opportunities program and a tax credit for businesses that hire an apprentice.
The House passed the bill March 30 and sent it to the Senate, where it was referred to the Senate Committee on Education on April 4.
Liner reminded board members that this year was the first of a two-year legislative session.
Even though it didnt make it through this time, its still in the Senate Committee on Education and could be picked back up next year, he said.
The Education Oversite Committee Bill, House bill 3969, would have developed and piloted district accountability models; amended the profile of the South Carolina graduate; and revised the Comprehensive Annual Report Card for Schools, deleting the current grading scale and replacing it with an A-F scale.
The House passed the bill on April 6 and sent it to the Senate. The bill was amended and recalled from the Senate Committee on Education on May 5.
The S.C. Education School Facilities Act, House Bill 3343, would have provided financial assistance to school districts to acquire school facilities by using general obligation bonds and other forms of assistance. The State Board of Education would have determined and selected projects on priority to receive financial assistance from the state.
The bill passed the House and was sent to the Senate on March 29. The bill was referred to the Senate Committee on Finance on March 30. No further action was taken.
House Bill 3352 would have created the Office of Freedom of Information Act Review within the Administrative Law Court. The act would have established provisions to collect reasonable fees and reduce the time requirement for fulfilling requests. The court would have had final jurisdiction.
The bill passed the House and was sent to the Senate on March 22. It received a favorable report out of the Senate Committee on Judiciary on May 3. It was amended and reread on May 10.
It was waiting to be debated on the Senate floor and, if it doesnt make it through, probably will be carried over into the next session, Liner said.
The House and Senate ratified the S.D. Department of Education Fiscal Management of Districts bill, House bill 3221, on May 4.
To find the status of any action taken Thursday or late for any of these bills, visit http://www.scstatehouse.gov/billsearch.php and type in the bill number.
Larry Wood covers education for the Aiken Standard.
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35 his target age for financial independence, Invest News & Top … – The Straits Times
Posted: at 6:12 pm
Investor Brian Halim has a lofty ambition - to be financially independent by the age of 35.
At 32, he has three more years to go, and his current projection shows that he is on track.
He documents his progress at foreverfinancialfreedom.blogspot. sg. The blog also advocates financial literacy.
Mr Halim, the financial controller of a logistics company, started investing in stocks when he was 24.
The Singapore permanent resident was born in Indonesia and has lived here since he was in primary school. He studied accounting at the University of Wisconsin-Madison and holds an MBA from Singapore Management University.
Singapore permanent resident Brian Halim, seen here with his three-year-old son Oscar, is a financial controller for a logistics company. He started investing in stocks when he was 24 and favours those on the Singapore Exchange that suit his risk appetite. ST PHOTO: KUA CHEE SIONG
He favours stocks on the Singapore Exchange (SGX) that suit his risk appetite and personal investing strategy, which focuses on assessing a stock's value and dividend income.
He appreciates the fact that retail investors are not taxed on capital gains and dividends here.
Q What has been your biggest investing mistake?
A I've been very fortunate not to have made any big investing mistakes that would derail my plans in building wealth.
But if I had to choose one, it would be an investment-linked insurance plan and a whole life policy that I bought early in my career, which did not suit my needs. I've since terminated them and incurred a loss of about $25,000.
Q And what has been your best investment move?
A The best investment move that I made was to build up my human capital ability, which included embarking on the right education and career path and focusing on that in the early stage of my career.
That allowed me to save a large percentage of my income and compound it further through the right investment vehicle, which currently serves as double-engine growth for me. I'm also thankful I started investing right at the start of my career and, over time, I got the full effect of compounding.
Rachael Boon
"The SGX market is also one of the best in terms of corporate governance," he adds.
He notes that the United States market has firms with the best moats - the competitive advantage a firm has over others in the same industry - around.
"But they aren't necessarily cheap from the valuation point of view, not at least when the indexes such as Dow Jones, S&P and Nasdaq are hitting new highs."
Mr Halim says the "reversion to the mean valuation strategy" - where prices eventually return to the historical mean valuation - is a good way to deal with some of the blue-chip stocks in the Straits Times Index (STI), which consists of 30 stocks.
He says that whenever bad news hits an industry, it is best to invest when the bad news has peaked, and then you wait for things to subside.
This was the case for the oil crisis in 2015, non-performing loans last year, transportation sectors late last year and, now, the telco industry. He expects the STI to remain flat for some time.
He believes that in order for the STI to move up strongly, various sectors such as commodities - including oil and gas and palm oil - telcos and developers must perform well above expectations.
"At this moment, it's just hard to see how all these sectors can perform well together. The more likely scenario is that performances will be rotated by sector," he says.
He has two sons, aged three and three months old, and his wife runs an online apparel business.
Q Moneywise, what were your childhood years like?
A My parents run their own property business in Indonesia and were strict with money when my two younger siblings and I were younger, and were as frugal as possible.
They controlled my allowances - maybe $40 a month in primary school - and demands well enough so that I was not spoilt.
In East Coast Primary School, I'd spent my time buying and selling hologram cards at a profit to my classmates instead of focusing on my studies.
Q How did you get interested in investing?
A I started to get into investing proper after I read the book Cashflow Quadrant by Robert Kiyosaki in 2010.
I really like the concept of looking at cashflow from different angles and lenses - such as employees, shareholders, self-employed and such - and how we can actually build a stream of passive income with the initial onset of building up a system to make it happen.
I started to read more related books and blogs and slowly familiarised myself with how that works.
Q Describe your investing strategy.
A I've two main investing strategies which I have used over the years.
The first is fundamental value investing, where I buy good companies with moats at a reasonable valuation.
The idea here is to ensure sufficient growth potential so the company can grow its free cashflow and strengthen its balance sheet, which will eventually translate into higher share prices.
It is also important that companies pay out dividends to shareholders. As a business grows, it eventually leads to growing dividends, and that's the only way shareholders can be rewarded.
I don't like the idea that shareholders need to divest to "cash out" in order to take their "profits".
The second strategy is short-term fundamental momentum trading, where I look for either turnaround plays, any catalyst in sight or also special situation plays such as buyouts.
I do not use technical analysis or options - a financial derivative that derives its value from the underlying security - in my investments.
Q What's in your portfolio?
A Besides my home, most of it - 80 per cent - is in equities, 10 per cent in cash, 9 per cent in my Central Provident Fund and 1 per cent in gold. It's worth more than $500,000.
My returns on the equities portfolio have been about 19.2 per cent a year on average for the past six years.
One of the first blue-chip stocks I bought was ST Engineering as I felt it was trading at a rather cheap valuation back then, during the 2011 euro crisis.
I bought ST Engineering at an average price of $2.60 in 2011 and sold at $4.20 in 2013.
I bought the same stock in early 2016 at $2.75 and recently sold it at $3.74 in April, switching to Singtel which I felt was undervalued.
The rest of my other 10 stocks are either in real estate investment trusts or small-cap companies.
Q What does money mean to you?
A It's a means to settle daily household expenses such as food and education for my children.
For most salaried employees like myself, we exchange our time with money, and so get a monthly pay.
When we decide we have enough money, whatever the threshold is, that's when we're able to free ourselves to use our time however we want.
Q What's the most extravagant thing you have done?
A We've been frugal on most things. But during our first trip to Thailand - Bangkok and Hua Hin - for two weeks with our children, we spent about $2,000 alone on leaving tips to the people we interacted with. We also donated to the beggars on the street, especially poor families with children.
We love Thailand and the generosity and kindness of the people, and have been visiting since we had our children. My elder child is three and has been to more places in Thailand than I'd had when I turned 30.
Q What are your immediate investment plans?
A To continue investing in solid companies that will grow over time, and ensuring that I do not lose my capital by doing proper due diligence.
One of the key industries that I think is having a turnaround is the hospitality sector. I've invested in CDL Hospitality Trusts and Far East Hospitality Trust since last year. I'm sitting on about 20 per cent paper gains.
Q How are you planning for retirement?
A My goal is to achieve financial independence by the age of 35, with an asset base that can generate passive income to cover 11/2 times our household expenses. Right now it's about 0.7 times.
I have a few projects in mind that I've always wanted to try out but haven't had the time as some resources are limited, but it would be a good time for me in a few years.
Q Home is now...
A A three-room apartment in the central area. Home is a place where I look most forward to after a hard day of work.
Q I drive...
A I don't drive as I feel a car is a depreciating asset and a big expense.
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Joint program aims to boost young people’s financial awareness – Jerusalem Post Israel News
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Jerusalem Post Israel News | Joint program aims to boost young people's financial awareness Jerusalem Post Israel News The first-of-its-kind national level program aims to teach financial awareness and promote financial independence, providing the practical tools to allow students to manage their money at an age when they are allowed to open a bank account for the ... |
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Joint program aims to boost young people's financial awareness - Jerusalem Post Israel News
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Oceania Cruises Introduces Revamped Wellness Program At Sea – Cruise Industry News
Posted: at 6:08 pm
Details May 14, 2017
Oceania Cruises has launched a new set of wellness options across its six-ship fleet.
Oceania Cruises now offers the most extensive and comprehensive wellness program at sea, said Bob Binder, president and CEO of Oceania Cruises. Just as weve done with the Canyon Ranch Spa Cuisine at breakfast, lunch, and dinner, and our recently-introduced vegan menus, to the one-of-a-kind destination experiences offered on our Wellness Tours Inspired by Canyon Ranch, Oceania Cruises and Canyon Ranch have established a new benchmark for excellence in the field of wellness.
This new program on board Oceania Cruises empowers our guests to experience the holistic approach to wellness that Canyon Ranch exemplifies, and showcases our commitment to integrated wellness on the high seas, said Kathleen Shea, chief marketing officer, Canyon Ranch.
In addition to the complimentary use of the gym and fitness facilities in the Canyon Ranch SpaClub, Oceania is now making its fitness and wellness classes complimentary.
There are more than two dozen classes offered, all with professional instruction.
Dedicated wellness devotees and newcomers alike will discover an astounding array of healthy-living choices to enhance their vacation experience, added Binder. We are bringing a unique combination of rejuvenation, personal discovery, and indulgence to our guests as they travel to the most exotic locales around the globe.
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