BREAKING: President Obama's Statement on Debt Negotiations

This morning President Obama delivered a statement once again calling on Congress to compromise to avoid defaulting on the Nation’s debt and calling on the American people to make their voices heard in this debate.


Read the President’s statement:

Good morning, everybody. I want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit.

Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law.

What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people -– not just one faction. It will have to have the support of both the House and the Senate. And there are multiple ways to resolve this problem. Senator Reid, a Democrat, has introduced a plan in the Senate that contains cuts agreed upon by both parties. Senator McConnell, a Republican, offered a solution that could get us through this. There are plenty of modifications we can make to either of these plans in order to get them passed through both the House and the Senate and would allow me to sign them into law. And today I urge Democrats and Republicans in the Senate to find common ground on a plan that can get support -- that can get support from both parties in the House –- a plan that I can sign by Tuesday.

Now, keep in mind, this is not a situation where the two parties are miles apart. We’re in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. We agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform –- and I’m ready and willing to have that debate. And if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, I’ll support that too if it’s done in a smart and balanced way.

So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have -- bills that include monthly Social Security checks, veterans’ benefits and the government contracts we’ve signed with thousands of businesses. Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills -- we do -- but because we didn’t have a AAA political system to match our AAA credit rating.

And make no mistake -– for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And that’s inexcusable.

There are a lot of crises in the world that we can’t always predict or avoid -– hurricanes, earthquakes, tornadoes, terrorist attacks. This isn’t one of those crises. The power to solve this is in our hands. And on a day when we’ve been reminded how fragile the economy already is, this is one burden we can lift ourselves. We can end it with a simple vote –- a vote that Democrats and Republicans have been taking for decades, a vote that the leaders in Congress have taken for decades.

It’s not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills that Congress has already racked up. I want to emphasize that. The debt ceiling does not determine how much more money we can spend, it simply authorizes us to pay the bills we already have racked up. It gives the United States of America the ability to keep its word.

Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming. So please, to all the American people, keep it up. If you want to see a bipartisan compromise -– a bill that can pass both houses of Congress and that I can sign -- let your members of Congress know. Make a phone call. Send an email. Tweet. Keep the pressure on Washington, and we can get past this.

And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. I’m confident that we will solve this problem. For all the intrigue and all the drama that’s taking place on Capitol Hill right now, I’m confident that common sense and cooler heads will prevail.

But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect.

Thank you.

"Transformers: Dark of the Moon" breaks iTunes Record!

6 May 2011 20:42 Africa/Lagos


New Trailer for Michael Bay's Transformers: Dark of the Moon Downloaded Over 6 Million Times in First 24 Hours on iTunes Movie Trailers, Breaking Previous Record

PR Newswire

HOLLYWOOD, Calif., May 6, 2011



HOLLYWOOD, Calif., May 6, 2011 /PRNewswire/ -- The new trailer for Michael Bay's "Transformers: Dark of the Moon" has been downloaded more than 6 million times in its first 24 hours on iTunes Movie Trailers (http://www.apple.com/trailers), becoming the most-viewed trailer in the site's history.

(Logo: http://photos.prnewswire.com/prnh/19991206/PARLOGO)

The trailer, which recently debuted exclusively on iTunes Movie Trailers, gives fans a visually stunning sneak peak at this summer's highly anticipated "Transformers: Dark of the Moon." When a mysterious event from Earth's past erupts into the present day it threatens to bring a war to earth so big that the Transformers alone will not be able to save us. The third installment of the hit franchise, "Transformers: Dark of the Moon" stars Shia LaBeouf, John Turturro, Josh Duhamel, Tyrese Gibson, Rosie Huntington-Whiteley, Patrick Dempsey, Kevin Dunn, with John Malkovich and Frances McDormand.

"Transformers represents big summer fun at the movies and iTunes Movie Trailers was the ideal place to debut the latest installment to a global entertainment audience," says Amy Powell, Paramount Pictures' Executive Vice President Interactive Marketing & Film Production.

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group and Paramount Television & Digital Distribution.

SOURCE Paramount Pictures Corporation

CONTACT: Katie Martin Kelley, EVP, Publicity, +1-323-956-2821, KMK@Paramount.com, for Paramount Pictures

President Obama condemns the terrorist attacks in Egypt and Nigeria

3 Jan 2011 15:11 Africa/Lagos

Statement by the President of the United States of America on the terrorist attacks in Egypt and Nigeria

WASHINGTON, January 3, 2011/African Press Organization (APO)/ — Statement by the President of the United States of America on the terrorist attacks in Egypt and Nigeria

I strongly condemn the separate and outrageous terrorist bombing attacks in Egypt and Nigeria. The attack on a church in Alexandria, Egypt caused 21 reported deaths and dozens of injured from both the Christian and Muslim communities. The perpetrators of this attack were clearly targeting Christian worshipers, and have no respect for human life and dignity. They must be brought to justice for this barbaric and heinous act. We are continuing to gather information regarding this terrible event, and are prepared to offer any necessary assistance to the Government of Egypt in responding to it.

The attack near an army barracks in Abuja also reportedly killed more than 20 people and wounded many more. Killing innocent civilians who were simply gathering – like so many people around the world – to celebrate the beginning of a New Year further demonstrates the bankrupt vision of those who carry out these attacks, and we are similarly prepared to offer assistance to the Government of Nigeria as it works to bring the perpetrators to justice.

The United States extends its deepest condolences to the families of those killed and to the wounded in both of these attacks, and we stand with the Nigerian and Egyptian people at this difficult time.

Source: The White House

• Clothes DO Make the Man Sexier, Smarter, and More Successful
• Most People Think Releases by WikiLeaks Should be Illegal
• The Cosmopolitan 2011 With Star-Studded Entertainment Lineup
• President Obama condemns the terrorist attacks in Egypt and Nigeria
• On Uduaghan : The Appellate Court Uses Poor Judgment and a disorienting strategy

World News Video Update

How the Web Dominated the Breaking News Pulitzer Prize

24 Apr 2009 17:01 Africa/Lagos

Nieman Journalism Lab: How the Web Dominated the Breaking News Pulitzer Prize

CAMBRIDGE, Mass., April 24 /PRNewswire/ -- The three newspapers honored by the Pulitzer Prize Board for Breaking News all shared a common thread: They used the web as their primary outlet, not ink-on-paper.


The New York Times -- which won the prize -- and finalists the Houston Chronicle and the St. Louis Post-Dispatch each shifted to a web-first mentality when faced with big breaking news. That was true whether the news was a prostitution scandal (Times), a hurricane (Chronicle), or a shooting (Post-Dispatch).


"We cover news any way people need news," Chronicle editor Jeff Cohen told the Nieman Journalism Lab at Harvard. We cover it online, analog, digital, straight media -- any way you can serve it up, our staff is serving it up."


In-depth analysis of each of the Pulitzer finalists can be found at:


New York Times Wins Pulitzer Prize


Breaking News Winners


The Nieman Journalism Lab is a project at Harvard University to figure out the future of quality journalism online. Its site is http://www.niemanlab.org/.


Source: Nieman Journalism Lab

CONTACT: Joshua Benton, director of Nieman Journalism Lab,
joshua_benton@harvard.edu


Web Site: http://www.niemanlab.org/