Happy Fathers Day 2009

Memorial Day 2009

President Barack Obama participates in a wreath-laying ceremony at the Tomb of the Unknowns at Arlington National Cemetery Monday, May 25, 2009. White House Photo, Lawrence Jackson

President Obama honored America’s fallen service members at Arlington National Cemetery this morning and said that the men and women who choose to serve their country are the “best of America.”

The president laid a wreath at the Tomb of the Unknowns at Arlington and said the cemetery, which is the final resting place for soldiers dating back to the Revolutionary War, serves as a reminder of the “meaning of valor.”

“With each death, we are heartbroken; with each death, we grow more determined,” he said.

Obama sent a wreath to the African-American Civil War Memorial in Washington, D.C. He is the first president to send a wreath to this memorial that honors the 200,000 African-American soldiers who fought for the Union Army.

We are here because they stood up and gave their last measure.

This May 25th is Africa Day, the official day of the African Union. It is an opportunity to celebrate African diversity and success, and join Africans around the world in highlighting the cultural, social and entrepreneurial energy of the continent and that of those of the African diaspora.

This year we will create a financial instruments to invest in the following African ventures:

1. Provide Architectural Design and Environmental along with Professional Engineering, Construction Management and General Contracting Services
   
2. Planned Unit Development centered around a building on such sites a full service Teaching Hospital and Orphanage supporting a K-12 School that specializes in AIDS orphans.
   
3. Water Works Construction
4. Waste Water Plant Development
5. Clean Burn Waste Disposal Solutions
6. Electrical Power Generation Plant Development
7. Electrical Distribution Networks
8. Next Generation Broadband Communications Solutions
9. Creating a in country next generation internet service and cloud computing solution
10. Safety Support for the above work and other Humanitarian Aid

The Obama Presidency has Change America in what ways?

We just met with Congressman Steve Driehaus ,,,, "we are writing regulations now"

This is our congressman and we support him as a change agent who sits in the federal government. We met with him April15th 2009 and look forward to his leadership as we change Cincinnati NOW!!

We don't need 4,000 to make a change, with our Congressman we will Change Cincinnati NOW.

Steve Driehaus was sworn in on January 6, 2009 as the Member of Congress for Ohio’s First District. Representative Driehaus sits on the House Financial Services and Oversight and Government Reform Committees, and he has begun work to improve the First District’s aging infrastructure, to bring sensible ideas to the country’s mortgage crisis, and to reverse the nation’s economic decline.

Prior to his service in Congress, Steve served eight years in the Ohio House of Representatives. He was chosen by his peers to serve as House Minority Whip in 2003 and took a leadership role on issues such as election law and redistricting reform.

A fiscal conservative, Representative Driehaus was the sponsor of legislation that would force a review of the billions of dollars that Ohio foregoes in "tax expenditures." He served on the Finance and Appropriations, Insurance, Public Utilities and State Government and Elections committees in the State House. In addition, Steve served on the Governor’s Foreclosure Prevention Task Force and the Clean Ohio Council. Representative Driehaus was named legislative “Rookie of the Year” by the

Cincinnati Enquirer during his first term, and was named “Legislator of the Year” by both the Ohio Association of Elections Officials and the ARC of Ohio in 2007. Representative Driehaus is a 1984 graduate of Elder High School in Cincinnati, and earned a degree in political science from Miami University. He holds a masters degree in public affairs from Indiana University and later served as a Peace Corps volunteer in Senegal, where he worked with village groups and local schools to promote sustainable environmental practices.

Steve directed the Community Building Institute, a collaborative effort of Xavier University and the United Way and Community Chest that promotes citizen-led, asset-based community development. Steve, his wife, Lucienne, their two daughters Alex and Clare, and son Jack, live in Cincinnati.

An American Gov debt of 5% is sustainable, in my view.

Japan’s attempts to stimulate its domestic economy will not be able to change the fact that its biggest trading partners, from the United States to China and the European Union, are also wallowing in recession, and a period of low demand will last for some time.

Japan, like many countries, miscalculated its 2008 budget, winding up with a 47.8 percent deficit (rather than the predicted 35 percent). In 2008, Tokyo’s expenditures leaped above predictions by 7 percent (to 88.9 trillion yen, or US$952 billion), while revenues fell a shocking 15 percent below expectations (to 46.4 trillion yen or US$497 billion). The value of the deficit amounted to 8 percent of Japan’s GDP of 510.2 trillion yen (US$5.5 trillion).

The proposed 2009 budget, which includes the aforementioned 2008 supplementary budget plus further stimulus efforts, will be Japan’s biggest yet at 88 trillion yen (US$942 billion). If it is approved, Tokyo’s total fiscal stimulus to the financial crisis will amount to 12 trillion yen (US$128 billion) or about 2.3 percent of GDP, a full percentage point higher than similar efforts by Japan’s peers.

Japan’s central and local government debt is expected to jump to 157 percent of GDP in 2009, up from 154 percent in 2008.

In worst case the Obama budget would push us to 5%, so lets be about it and rebuild America.

U.S. International Reserve Position

U.S. International Reserve Position

The Treasury Department has stated this month that the U.S. reserve assets data for the past week. According to the US Treasury the U.S. reserve assets totaled $74,132 million as of the end of that week, compared to $73,683 million as of the end of the prior week.

Notes:

1/ Includes holdings of the Treasury's Exchange Stabilization Fund (ESF) and the Federal Reserve's System Open Market Account (SOMA), valued at current market exchange rates. Foreign currency holdings listed as securities reflect marked-to-market values, and deposits reflect carrying values.

2/ The items, "2. IMF Reserve Position" and "3. Special Drawing Rights (SDRs)," are based on data provided by the IMF and are valued in dollar terms at the official SDR/dollar exchange rate for the reporting date. The entries for the latest week reflect any necessary adjustments, including revaluation, by the U.S. Treasury to IMF data for the prior month end.

3/ Gold stock is valued monthly at $42.2222 per fine troy ounce.

4/ The short positions reflect foreign exchange acquired under reciprocal currency arrangements with certain foreign central banks. The foreign exchange acquired is not included in Section I, "official reserve assets and other foreign currency assets," of the template for reporting international reserves. However, it is included in the broader balance of payments presentation as "U.S. Government assets, other than official reserve assets/U.S. foreign currency holdings and U.S. short-term assets."