Saturday, January 21, 2012

House GOP seeks unity in election-year challenge (AP)

BALTIMORE ? House Republican leaders pleaded for elusive unity from the disparate factions in their party as they pursue a dual election-year prize of retaining their majority and denying President Barack Obama a second term.

"Unity, unity, unity," Rep. Lee Terry, R-Neb., said Friday after hearing his leadership's overriding message at a series of private meetings at the GOP's annual three-day retreat. The fresh appeal to many of the 242 members comes just weeks after rank-and-file opposition to a short-term extension of the payroll tax cut exposed deep divisions among Republicans and ended 2011 on a discordant political note.

Rancor in 2012, Republicans understand, would be politically perilous, especially with the American people already holding Congress in such low regard. Republicans expect Obama to campaign against the "do-nothing Congress," using the presidential bully pulpit to try to make his case.

Looking ahead to a new year, Republicans said their strategy is to highlight stark differences with Democrats on job creation, deficit spending and how Obama runs the government.

"It's pretty clear it's going to be a referendum on the president's policies. ... the devastating impact of these policies on our economy," House Speaker John Boehner, R-Ohio, said in brief remarks to reporters.

Boehner said he had instructed each committee chairman to step up oversight of the Obama administration, an examination that would touch on everything from national security to education and echo last year's hearings on an Energy Department loan to a now-bankrupt solar energy company and a problem-plagued gun smuggling investigation known as Operation Fast and Furious. Money from the stimulus package in Obama's first year also will face scrutiny.

Republicans painted a dire picture of the economy, with high unemployment, housing woes and Obama regulations, or even the possibility of new rules, hampering small businesses and hiring.

"If I were Barack Obama I wouldn't want to talk about my record either," said Rep. Greg Walden, R-Ore.

But in recent months, there have been signs of an economy on the upswing. Applications for unemployment benefits have dropped to their lowest level in nearly four years, housing sales increased and companies posted better earnings. The Dow Jones closed above 12,700 on Friday.

Economic indicators as well as perceptions of the nation's financial health will largely determine the re-election chances for Obama and members of Congress.

In perhaps a preview of the GOP effort to shape the debate, Budget Committee Chairman Paul Ryan, R-Wis., said the latest positive economic signs reflect a resilient economy and added, "Imagine what growth could be if we got all of these barriers out of the way."

Election-year politics are certain to limit any attempts at an ambitious legislative session, but high-profile votes and issues can clarify the battle lines. Republicans made clear they will continue the fight over Obama's decision to block, at least temporarily, a 1,700-mile Canada-to-Texas pipeline known as Keystone XL.

Rep. Fred Upton, chairman of the House Energy and Commerce Committee, said Republicans were open to making it part of the next round of negotiations on a Social Security tax cut and unemployment benefits, an attempt certain to draw Democratic opposition. House and Senate negotiators face a Feb. 29 deadline to coming up with a plan for a yearlong extension that also resolves the question of Medicare reimbursements for doctors.

"We are absolutely committed ? as a Republican team ? to keep the Keystone XL pipeline on the front burner," said Upton, R-Mich. He will hold hearings next week with State Department officials on their pipeline recommendation to the president.

Republicans argue that Obama's decision was politically driven and will cost the nation not only jobs but a new energy source.

Rep. Jeb Hensarling, R-Texas, said Obama took "20,000 shovel-ready jobs on Keystone and buried them." Rep. Bill Cassidy, R-La., said if Obama were serious about helping the middle class, he would allow the Keystone project to proceed, with scores of jobs for blue-collar workers.

In addition to working out a compromise on the payroll tax cut, Republicans pledged to be aggressive in crafting a budget and cutting spending, arguing that Obama's policies have contributed to the growing deficit. House members acknowledged that their legislation has little chance in the Democratic-controlled Senate or with Obama, but Ryan made clear they will still press ahead to ensure the electorate has a choice.

"At the end of the day, we'll kick this up to the American people and let them decide what kind of America they want to have," he said.

In a series of meetings, Republicans heard from former Texas Sen. Phil Gramm, a onetime presidential candidate, who focused on Obama's policies and their impact on free enterprise. They also heard about teamwork from former Washington Redskins Coach Joe Gibbs.

On Friday night, popular Republican and New Jersey Gov. Chris Christie, who many had hoped would seek the presidency, was scheduled to speak to the Republican conference behind closed doors.

Surprisingly, lawmakers said there was little talk of presidential candidates. Pollsters did tell the GOP that once the party gets a nominee, it was critical that members of Congress and the candidate be on the same page, according to Rep. Tom Price, R-Ga., who said he didn't foresee any problems.

Few members interrupted the gathering and socializing to watch Thursday night's debate from South Carolina.

"You get to the 18th debate," Terry joked. "Come on..."

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120120/ap_on_go_co/us_house_republicans_strategy

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Friday, January 20, 2012

GOP leaders slow to embrace Romney ? or his rivals (AP)

WASHINGTON ? Mitt Romney may be the front-runner for the GOP nomination for president, but he has yet to win over most of the national party leaders whose help he will need to defeat President Barack Obama in November.

The upside for Romney: They aren't supporting anyone else either.

The Associated Press has polled 87 members of the Republican National Committee who are to attend the party's national convention this summer as free agent delegates, able to support any candidate for president they choose, regardless of what happens in the primaries.

The results: Romney got support from 14, far more than anyone else but hardly a stampede of endorsements. Former House Speaker Newt Gingrich and Texas Gov. Rick Perry got two each, while Texas Rep. Ron Paul and former Pennsylvania Sen. Rick Santorum each got one. The poll was completed before Perry dropped out of the race Thursday.

Sixty-seven of the RNC members contacted by the AP said they were undecided or simply waiting to see how the race plays out before making a public endorsement.

"If I thought there was someone who stood head and shoulders above everyone else, I would have endorsed," said Jeff Johnson, an RNC member and county commissioner from Minnesota. "I see pluses in all of them, but I decided not to come out in favor of anybody."

Pennsylvania GOP Chairman Robert Gleason said he saw no reason to endorse anyone because a competitive primary is good for the party and the eventual nominee by vetting the candidate while generating publicity and excitement about the race.

"It's working out great for us, and one of these people that is competing with (Romney) could end up being vice president," Gleason said. "I'm pleased with the way things are developing. We're getting all the publicity. It's been pretty favorable for us."

Romney appeared to finish slightly ahead of Santorum in the hours after the Iowa caucuses Jan. 3. However, the Iowa GOP certified vote totals Thursday showing Santorum ahead of Romney. The party decided not to declare a winner because of problems with a few precinct reports.

Romney won handily in New Hampshire last week, and he leads his Republican rivals in the polls nationally and in South Carolina, which votes Saturday. Still, the former Massachusetts governor has been unable to solidify support from many Republicans, some of whom question his conservative credentials.

Stephen Scheffler, an RNC member from Iowa, said he would support Romney if he were the nominee, but he's not excited about the prospect, despite Romney's finish in Iowa.

"He doesn't want to talk to certain segments of the Republican Party," Scheffler said of Romney. "If he's the nominee and they open all these victory offices across Iowa, it's going to be pretty challenging to find volunteers."

Each state plus the District of Columbia and five U.S. territories gets three members on the Republican National Committee. All of them are automatically invited to attend the party's national convention in Tampa, Fla., in August, with a few exceptions. The RNC members from New Hampshire, South Carolina, Florida, Michigan and Arizona have been excluded ? for now ? as part of the penalties they received for holding primaries earlier than party rules allowed.

In many states, RNC members must support the winner of primaries or caucuses in their states. The AP identified 37 states and territories in which the RNC members will be free to support any candidate they choose.

AP reporters started contacting the 111 RNC delegates from these states after Romney won the New Hampshire primary. They were able to reach nearly 80 percent of them.

The RNC delegates make up less than 5 percent of the 2,286 delegates slated to attend the GOP convention, giving them little power to determine the nominee. But these party leaders will be expected to provide manpower, money, local connections and expertise this fall, when the GOP nominee will rely on the party faithful to help defeat Obama.

It will take 1,144 delegates to win the GOP nomination. Romney now has 33 delegates, including those won in primaries and caucuses as well as endorsements from RNC members. Santorum is next with 13.

Joseph Trillo, a state lawmaker and RNC member from Rhode Island, said his support for Romney comes down to political pragmatism.

"He's the only one who I know can beat Obama," Trillo said.

Herbert Schoenbohm, the GOP chairman in the Virgin Islands, said that beating Obama is important, but his support for Romney goes much deeper.

"I'm for (Romney) because he has the best leadership skills," Schoenbohm said in a phone interview. "He made it work in Massachusetts, and that was hard to do in a Democratic state."

Lawrence Kadish, an RNC member from Long Island, N.Y., challenged that assessment, saying Gingrich "towers head and shoulders over those other candidates. I don't view Mr. Romney as having a deep rudder, but he's OK."

___

Lauren Johnert, Associated Press deputy manager for election research and quality control, contributed to this report, along with AP writers Pat Condon in St. Paul, Minn., Marc Levy in Harrisburg, Pa., Mike Glover in Des Moines, Iowa, David Klepper in Providence, R.I., and George M. Walsh in Albany, N.Y.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120120/ap_on_el_pr/us_gop_superdelegates

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Democrat seeks GOP names on Countrywide VIP loan list (reuters)

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Wednesday, January 11, 2012

Acer's next-gen, quad-core Iconia Tab introduced at CES 2012 with a 1080p display

Acer's finishing up its CES 2012 presser with a teaser to end all teasers: there's a next-generation, quad-core Iconia Tab on the way. It'll be powered by NVIDIA's Tegra 3 and will boast a native 1080p (!) display, leaving us to believe that it'll be a 10.1-inch panel that you're staring at. Sadly, the company didn't give any extra details (no price, no release date), but we'll be digging for more as the day continues.

Acer's next-gen, quad-core Iconia Tab introduced at CES 2012 with a 1080p display originally appeared on Engadget on Sun, 08 Jan 2012 17:08:00 EDT. Please see our terms for use of feeds.

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Tuesday, January 10, 2012

Comcast lights up AnyPlay for in-home live TV iPad streaming, Xoom support 'coming soon'

comcast
Comcast was "close" back in September, but it looks as if today's the day. The pay-TV provider is enabling Xfinity TV customers to peek their favorite dramas and drama queens on the iPad, with any channel in your subscription available for viewing. We're told that support for Motorola's Xoom is "coming soon," but as with other AnyPlay setups, you'll need to be in or around the home to take advantage. As of now, AnyPlay's only available gratis to Xfinity HD Triple Play customers in areas of Denver and Nashville, but more markets are planned for the coming months. The company also confirmed last night's news from the Microsoft CES 2012 keynote that it'll be bringing On Demand content to Xbox 360, as well as our leak that it'll be cruising over to Samsung's connected TVs. Ready to get going? Hop a flight to one of those two cities and dip into the source links below.

Comcast lights up AnyPlay for in-home live TV iPad streaming, Xoom support 'coming soon' originally appeared on Engadget on Tue, 10 Jan 2012 11:36:00 EDT. Please see our terms for use of feeds.

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China loan growth quickens (Reuters)

BEIJING (Reuters) ? China's banks ratcheted up lending in the last month of 2011 on the back of stronger money supply, reinforcing perceptions that the central bank is gently easing policy to cushion the impact of the global economic slowdown.

Chinese banks extended 640.5 billion yuan ($101.51 billion) in new loans in December, up from 562.2 billion yuan in November, data from the People's Bank of China showed on Sunday.

Annual growth in China's broad M2 money supply accelerated to 13.6 percent in December from November's 12.7 percent.

"The policy easing signal is becoming clearer," said Wang Hu, an economist at Guotai Junan Securities in Shanghai.

"We think the central bank will continue to loosen credit in the coming months."

The surge in bank lending and money supply exceeded market expectations. Analysts had expected 600 billion yuan in new loans for December and annual M2 growth of 12.7 percent in December.

Chinese policymakers have watched Europe's debt crisis with increasing alarm, but have resisted declaring an outright easing in monetary policy. Instead, they have stressed the need to "fine tune" policy, which many analysts say will mean easing of credit restrictions, particularly for small businesses.

In a separate statement on Sunday the central bank reiterated that it intended to maintain a stable monetary policy.

MORE EASING AHEAD?

The stronger-than-expected lending and money supply figures suggested that Beijing is firmly on track to unveil more pro-growth steps as inflation eases, which reduce the risk of a hard landing in the world's second-largest economy.

Contrary to its usual practice, the central bank did not release foreign exchange reserve figures along with money supply and lending data. The bank did not say when those numbers would be released.

Analysts widely expect the central bank to cut the amount of cash that banks must hold as reserves again this month as a way of pumping more loans into the economy.

Beijing cut banks' reserve requirements by half a percentage point on the last day of November, its first in three years.

The move indicated China's central bank is shifting its policy to a pro-growth model, although the central bank continues to label its policy as "prudent," which suggests it is only easing policy gradually as it wants to tame the property sector and also fears that inflation may rebound.

Chinese banks extended a total of 7.47 trillion yuan in new loans in 2011, slightly under the government's undisclosed annual target of 7.5 trillion yuan.

China's once turbo-charged economy is on track to slow for a fourth successive quarter as global demand slackened.

China's annual GDP growth in the fourth quarter may have slowed to 8.7 percent from the 9.1 percent, according to the latest Reuters poll.

Annual inflation is expected to ease to 4.0 percent in December from 4.2 percent in November, according to a poll.

($1 = 6.3095 Chinese yuan)

(Additional reporting by Don Durfee; Editing by Jane Merriman)

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/nm/20120108/bs_nm/us_china_economy

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