Saturday, January 31, 2009

Barack Obama getting tough on 'Wall Street idiots'

WASHINGTON: A day after President Barack Obama bashed bailed-out banks for giving huge bonuses, the White House pledged action against such Factors for successful M&As India Inc on crossroads Formula for successful biz "irresponsible" behaviour and a Democratic senator proposed capping executive salaries at companies accepting government funds.

"We must have our financial institutions survive but not with a culture that thinks it's all right to kick the taxpayer in the shins," Senator Claire McCaskill said proposing a law that would prevent executives from making more than the $400,000 salary of the US president.

"I am mad," McCaskill said in an angry speech on the senate floor. "We have bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer. ... They don't get it!"

Top executives at the biggest financial services firms often collect tens of millions of dollars in compensation. Citigroup's Indian American CEO Vikram Pandit was paid $216 million for taking over as chief executive of the bank in 2007.

Bank of America CEO Kenneth Lewis made more than $20 million in 2007, according to Forbes. Over the past year, the two banks have collected more than $50 billion in government funds from the Treasury Department and Federal Reserve.


Also Read
→ GM may face US bailout tax hit, seeks changes
→ Recession keeps lid on employment costs in 2008
→ US investors less confident in rescues: Survey
→ Will $700 bn bailout work? We may never know


Citigroup, which also intended to purchase a private jet, cancelled the order following a public outcry over reports of corporate excess by companies getting bailout funds.

The bill follows some tough words by Obama, who said Thursday that it was "shameful" for financial executives to walk away with $18.4 billion in bonuses last year.

McCaskill, an early endorser of President Barack Obama's candidacy, said an average of $2.6 million dollars had been paid in bonuses to executives from the first 116 banks that got money from the $700 billion Troubled Asset Relief Programme (TARP).

At the White House, Obama spokesman said the president's upcoming plan for financial stability also would address executive compensation and bonuses.

"I think you will see the president and his economic team outline a plan to deal with what he found irresponsible yesterday," Robert Gibbs told reporters. "Stay tuned, because something on that is coming soon." He declined to say more.

Soruce: http://economictimes.indiatimes.com/Obama_getting_tough_on_Wall_Street_idiots/articleshow/4056241.cms

Pak 'most dangerous country' in world: Albright

Washington: Identifying Pakistan as the 'most dangerous country' in the world, former US Secretary of State Madeline Albright has said that it has everything from nuclear weapons to extremism which gives 'an international migraine'.

"It has nuclear weapons, extremism, poverty, corruption and a very fragile system and is in a very difficult location," Albright said participating in a panel discussion on 'US Relations with the Muslim World' on Friday.

The discussion was organised by the prestigious Council on Foreign Relations (CFR) here.

"I have said that Pakistan - you know, every day, some of us are asked, what is the most dangerous country in the world? And for me, Pakistan has won the lottery because it has everything that gives you an international migraine," Albright said.

The former Secretary of State, who served under the Clinton Administration, welcomed the move of new President Barack Obama to appoint Ambassador Richard Holbrooke as the Special US Representative for Pakistan and Afghanistan. This, she said, would help.

However, Albright appreciated efforts of Pakistan President Asif Ali Zardari to have a better relationship with the US, particularly when it comes to dealing with the issues related to Afghanistan.

Pakistan, she said, has "a responsibility that it has to help us fulfill in that region." "They have to understand; try to figure out how their military and ISI and everybody can be helpful so that we aren't in this particular position," Albright said.

Soruce: www.mid-day.com

Iran gears up for 30th anniversary of revolution

TEHRAN: Iran paid homage on Saturday to its revolutionary father Ayatollah Ruhollah Khomeini who landed in Tehran 30 years ago to set off the Islamic revolution.

Iran's supreme leader Ayatollah Ali Khamenei, President Mahmoud Ahmadinejad and his cabinet as well as Iran's military and revolutionary gaurds commanders appeared at Khomeini's mausoleum in southern Tehran to mark his arrival from exile.

Iran's former president Akbar Hashemi Rafsanjani was expected to speak later at the shrine, where hundreds of military personel and policemen were also present.

Each year, to mark Khomeini's triumphant return after 15 years in exile, all schools, trains and boats ring their bells at precisely 9:33 am, the moment his plane touched down in 1979.

The country will begin 10 days of celebrations marking the 30th anniversary of the overthrow of the shah, who ruled Iran for almost four decades but fled just two weeks before Khomeini's return.

This year's anniversary celebrations come barely four months before a presidential election in Iran, with Ahmadinejad seeking re-election for another four year term.

Source: http://timesofindia.indiatimes.com/World/Irans_30th_year_of_revolution/articleshow/4056584.cms

Voting begins in Iraq regional polls

BAGHDAD: Iraqis passed through security checkpoints and police cordons to vote Saturday in provincial elections that are considered a crucial test of the nation's stability as U.S. officials consider the pace of troop withdrawals.

Polls opened shortly after dawn after a step-by-step security clampdown across the country, including traffic bans in central Baghdad and other major cities and a closure of border crossings and airports.

There were no reports of serious violence as voting got under way. In Tikrit, about 80 miles (130 kilometers) north of Baghdad, three mortar shells exploded near a polling station, but caused no casualties, said police, who spoke on condition of anonymity because they were not authorized to speak to media.

In the Baghdad neighborhood of Karradah, Iraqi police and army soldiers manned a series of checkpoints, some only 200 yards (meters) apart. Stores were closed and the streets cleared of cars.

A group of US soldiers patrolled on foot, but well away from polling centers. The US military assisted in security preparations for the elections, but said troops would only be called in on election day if needed.

In the western city of Fallujah, once a center of the Sunni insurgency, police used their patrol cars to help some people get to voting stations.

More than 14,000 candidates are running for 440 seats on the influential councils in all of Iraq's provinces except for the autonomous Kurdish region in the north and the province that the includes oil-rich city of Kirkuk, where ethnic groups were unable to reach a power-sharing formula. Polls were to close at 5pm (1400 GMT, 9am EST). Results are not expected for several days.

Although violence is sharply down, and with pre-election attacks relatively limited, authorities were unwilling to take any risks.

An election without major attacks or charges of irregularities would provide a critical boost for Iraqi authorities as the US military hands over more security responsibilities. But serious bloodshed or voting chaos could steal momentum from supporters of a fast-paced withdrawal of US combat troops next year.

The provincial councils have no direct sway in national affairs, but carry significant authority through their ability to negotiate local business deals, allocate funds and control some regional security operations.

The election is also a possible dress rehearsal for bigger showdowns in national elections later this year, when the US-allied government of Prime Minister Nouri al-Maliki could face a power challenge from the country's largest Shiite party, the Supreme Islamic Iraqi Council.

The security measures implemented for the election brought back memories of the most deadly years of the war. The closely monitored frontiers with Iran and Syria were among borders that were sealed. A nighttime curfew also was in place, apparently to block extremist groups that plant roadside bombs under cover of darkness.

Voters in many places passed through double-ring search cordons. Women teachers and other civilians were recruited to help search for possible female suicide bombers.

Iraqi special forces in full combat gear patrolled streets in Baghdad's Fadhil district, which was once a hub in the Sunni insurgents' car bomb network. The tense atmosphere there contrasted with the more relaxed mood in other parts of the city.

In Baghdad's Azamiyah neighborhood, once a stronghold of support for Saddam Hussein's regime, a voting station at a girls' high school still carried a small image of Saddam, calling him the nation's "hero and martyr."

But one voter, Zaid Abdul-Karim, 44, said the elections will hopefully ease tensions between Shiites who gained power by Saddam's downfall and Sunnis who perceive themselves as sidelined since the US-led invasion in 2003.

"These are the people we need now: people who represent everyone in Iraq and have no sectarian bias," said Abdul-Karim, a government employee.

In the southern Shiite city of Basra, 40-year-old Haidar Mahmoud said he felt pressure to vote for the Supreme Council candidates, but changed his mind and backed al-Maliki's supporters.

"If it wasn't for al-Maliki there would still be killing on the street. Maybe I can change Basra for the better by voting today," he said.

Among Sunni groups, powerful newcomers could reshape the political hierarchy.

In Anbar province, the Sunni tribes which rose up against al-Qaida and other insurgents, and led to a turning point of the war, are now seeking to transform their fame into council seats and significantly increase their role in wider Iraqi affairs. Their gains could come at the expense of the Sunni Iraqi Islamic party in the current government.


Soruce: http://timesofindia.indiatimes.com/World/Voting_begins_in_Iraq_amid_security/articleshow/4056214.cms

US Republicans elect Michael Steele first black chairman

WASHINGTON: The Republican Party picked its first black chairman on Friday as it elected former Maryland Lieutenant Governor Michael Steele to rebuild the party after a string of devastating defeats.

Steele, 50, is regarded within the party as a skilled speaker who can help bring the Republican message to black Americans, Hispanics, suburbanites and other fast-growing groups that have shunned the party in recent years.

As Republican National Committee chairman, Steele will have to find a way to counter Democrat Barack Obama, who was sworn in as the country's first black president 11 days ago.

"This is a remarkable moment. Some say it's historic, but it's just one more bold step that the party of Lincoln has taken since its founding," he said at a news conference, referring to the president who freed black slaves in 1863.

Steele has argued that as a high-profile Republican in a heavily Democratic state he knows how to talk to voters outside of the party's southern stronghold.

As a US Senate candidate in 2006, Steele said his party affiliation amounted to a "scarlet letter" that hurt his candidacy. But with unpopular Republican President George W Bush out of office, Steele said the party was ready for a new start.

"That was then, and this is now and this is a new moment for our party," Steele said. "We can take that scarlet 'R' off our chest."

A former Roman Catholic seminarian and corporate attorney whose sister was once married to boxer Mike Tyson, Steele has promised to close the digital divide with Democrats who have used the Internet to raise record amounts of money and build an army of volunteers.

The Democratic Party elected its first black chairman, Ron Brown, in 1989.

Steele will be under intense pressure to deliver gains in the 2010 congressional elections, as well as the subsequent redistricting process that determines legislative boundaries.

Many Republicans say the party does not need to rethink its conservative philosophy but merely do a better job of communicating its policies.

Friday's vote was the first contested leadership race since 1997, before George W Bush entered the White House.

Incumbent Mike Duncan, who was handpicked for the post by Bush in 2007, had hoped to hold on to his job but saw his support among the 168 committee members melt away after the first round of voting.

Steele, who some activists accused of being insufficiently conservative, received a boost when another black candidate who is popular with religious conservatives, former Ohio secretary of state Ken Blackwell, urged his supporters to back Steele.

Steele defeated the remaining candidate, South Carolina state chairman Katon Dawson, by a vote of 91-77 in the sixth round. Steele's election could help counter a perception that the party has exploited racial tensions to win white votes since the social upheaval of the 1960s.

A racial misstep helped torpedo the candidacy of former Tennessee state party chairman Chip Saltsman, who distributed a parody song entitled "Barack the Magic Negro" to committee members. Republicans said it displayed poor judgment, and he did not attract enough support to be listed on the ballot.

Source: http://timesofindia.indiatimes.com/?in_leftnav

Friday, January 30, 2009

White House, Senate take aim at Wall Street pay

WASHINGTON: The White House pledged action against "irresponsible" bonuses for executives at bailed-out Wall Street companies as a Democratic senator unveiled legislation to limit their compensation to $400,000 a year.

Sen. Claire McCaskill proposed a law on Friday that would prevent executives from making more money than the US president until their companies no longer rely on the $700 billion Troubled Asset Relief Program (TARP).

McCaskill, an early endorser of President Barack Obama's candidacy, gave an angry speech on the Senate floor in which she said an average of $2.6 million dollars had been paid in bonuses to executives from the first 116 banks that got money from the TARP rescue plan.

"I am mad," the Democrat from Missouri said. "We have bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer. ... They don't get it!"

At the White House, Obama's spokesman said the president's upcoming plan for financial stability also would address executive compensation and bonuses.

"I think you will see the president and his economic team outline a plan to deal with what he found irresponsible yesterday," Robert Gibbs told reporters. "Stay tuned, because something on that is coming soon." He declined to say more.

Obama on Thursday said recent Wall Street bonuses, given the current situation, were "shameful." His Democratic administration is working on options to stabilize the US banking industry after various experts have said the $700 billion already allocated to TARP will not be enough.

A senior Republican senator, Charles Grassley of Iowa, agreed that Obama should claw back the bonus money. "The President should use his full power to pull back bonuses for bail-out recipients. That includes past recipients and those going forward," Grassley, the ranking Republican on the Senate Finance Committee, said on the Senate floor.

The Congressional Budget Office chief said this week that US banks will need hundreds of billions of dollars more. Public outcry has grown over reports of corporate excess by companies getting bailout funds, including Citigroup Inc, which intended to purchase a private jet, and bonuses paid by Merrill Lynch & Co, now owned by Bank of America Corp.

Citigroup later canceled the plane order. Bank of America's Chief Executive Kenneth Lewis ousted former Merrill chief John Thain this month after Merrill awarded large bonuses just days before the merger closed, and following huge losses that led Bank of America to obtain $20 billion of government aid to absorb Merrill. McCaskill's office said the $400,000 compensation cap she was proposing would apply to all employees of a firm and include salary, bonuses and stock options.

Bob Monks, a shareholder rights advocate and former executive who has written nine books on corporate governance, said McCaskill's proposal reflected the rage in the country felt by people who are "having a terrible time". "That said, the idea is a genuinely bad one. The government mandating a pay-cap is a genuinely bad idea because it never works," he said. Obama is also working with the Democratic-majority Congress to pass a stimulus plan of over $800 billion in tax relief and government spending to try to revive the moribund economy.

Source: http://timesofindia.indiatimes.com/White_House_Senate_take_aim_at_Wall_Street_pay/articleshow/4056350.cms

Desi Viagra begins to pour out of Nepal

KATHMANDU: Every summer, the mountains in north Nepal experience a rush of herb pickers as entire Himalayan villagers stop all other work and head for the slopes to look for yarshagumba, a high-altitude fungus that is highly prized, especially by he Chinese, due to the belief that it enhance sexual prowess.

This year, however, the "Himalayan Viagra" of Nepal is going to face stiff competition. Three Nepali pharmaceutical companies based in the Terai plains in south Nepal are vying to market desi versions of the prescription medicine for erectile dysfunction.

Quest Pharmaceuticals and Arya Pharma, both based in the border town of Birgunj in Parsa district on the Indo-Nepal border, as well as Alive Pharmaceuticals in Biratnagar in Morang district, have received permission from Nepal’s Department of Drug Administration (DDA) to manufacture and market the "Nepali Viagra", the Dainikee web site reported.

While Alive’s offering is already in the market under the name Excite, Quest’s version is called Medigra. Arya Pharma is in the process of beginning production, the site said.

However, with the present Maoist government having begun a vice cleanup drive, the pills are not being sold directly as sex drugs. The government has begun regulating the sale of alcohol and tobacco, imposed a time limit on dance bars and started a crackdown on massage parlours and cabin restaurants that are regarded as a front for the oldest profession in the world.

According to DDA chief Radha Raman Prasad, the Nepali drugs are meant for the treatment of heart problems, like pulmonary hypertension. The government agreed to the manufacture of the Nepali medicine following requests from the Gangalal Heart Centre, one of Nepal’s oldest heart hospitals, Prasad said.

Officially, Viagra is banned in Nepal. However, a black market flourishes with caches smuggled in from India across the porous border and stolen clandestinely at substantially higher prices.

Source: http://timesofindia.indiatimes.com/World/Desi_Viagra_pours_out_of_Nepal/articleshow/4053825.cms

Dungeon dad Josef Fritzl 'converts to Buddhism'

LONDON: Dungeon dad Josef Fritzl, the Austrian accused of fathering eight children with his daughter whom he imprisoned in a cellar for 24 years, has "converted to Buddhism" and even invited psychologists to study his "warped mind", a newspaper report said on Friday.

In fact, the 74-year-old "monster" came to know about the religion, which focuses on personal spiritual development, during a family holiday in Thailand, and he became its devoted follower while in jail recently, hoping to be reincarnated as a decent person in his next life, 'The Sun' reported.

Fritzl, awaiting a trial on March 16 for murder, rape, slavery, incest and imprisonment and abuse has also invited criminal psychologists to study his mind and work out the root of his evil.

"They should look at what makes me tick and learn from it to stop anything like this happening again," the leading British tabloid quoted Fritzl as telling his lawyer when the latter visited him in jail.

Forensic psychiatrists have welcomed the move. Prof Reinhardt Haller, a leading expert in this field, said: "It would be foolish to refuse this offer."

Fritzl caged teenage daughter Elisabeth in the cellar of the family home in Amstetten, Austria, in 1984 and repeatedly raped her over 24 years. She bore him eight incest kids while another died three days after being born in the cellar and was burned in a stove.

Source: http://timesofindia.indiatimes.com/World/Dungeon_dad_converts_to_Buddhism/articleshow/4051681.cms

Ailing Castro criticises Obama over Guantanamo Bay

HAVANA: Fidel Castro threw his first punch at President Barack Obama after several weeks of praise for the new leader, demanding the US return Guantanamo Bay military base to Cuba and criticizing the US defence of Israel.

Castro's latest essay, published on an official Web site on Thursday, came one week after he called Obama "intelligent and noble" and said he would cut back on his writings to prevent interfering with Cuban government decisions.

The missive raised new questions about what role he maintains in policy-making, especially coming while his brother, President Raul Castro, was in Moscow on an official visit.

The ailing 82-year-old former president wrote that if the US doesn't give the US base at Guantanamo back to Cuba, it will be a violation of international law and an abuse of American power against a small country.

The US president must "respect this norm without any condition," Castro wrote.

Obama has ordered the prison for terror suspects on the US base to be closed within a year, but Cuba also demands the return of the 45-square-mile territory the base occupies in the island's east.

Raul Castro and other government officials have called for the return of the base, but with less critical words and tone.

The US, which acquired Guantanamo more than 100 years ago, considers it strategically important to maintain. The treaty granting its use remains in effect unless both Cuba and the US abrogate it or the US abandons the base.

Source: http://timesofindia.indiatimes.com/World/Castro_throws_first_punch_at_Obama/articleshow/4052162.cms

Hillary Clinton's appointment challenged in court

WASHINGTON: Former first lady Hillary Clinton's appointment as US secretary of state has been challenged by an American diplomat, who has filed a lawsuit terming it as "unconstitutional".

The lawsuit has been filed on Thursday by 'Judicial Watch' - a Washington-based watchdog group - on behalf of David C Rodearmel, a US diplomat working in the state department.

The lawsuit maintains that Clinton is constitutionally ineligible for the post and as such Rodearmel cannot be forced to serve under her, as it would violate the oath he took as a Foreign Service Officer in 1991, said a statement issued by the Judicial Watch.

Under the "Emoluments" or "Ineligibility" clause of the US Constitution, the lawsuit argues that no member of Congress can be appointed to a civilian position within the US government if the "emoluments" of the position, such as the salary or benefits paid to whoever occupies the office, increased during the term for which the senator or representative was elected.

The lawsuit argues that the "emoluments" of the secretary of state increased three times during her term as the US Senator. That term, which began on January 4, 2007, does not expire until January 2013, regardless of Clinton's recent resignation.

The Congress attempted to evade this clear constitutional prohibition with a so-called "Saxbe fix" last month, reducing the secretary of state's salary to the level in effect on January 1, 2007, the lawsuit charged.

Source:http://timesofindia.indiatimes.com/World/Hillary_appointment_challenged_in_court/articleshow/4052469.cms

Learn to appreciate our nation, Nepal tells Bollywood

KATHMANDU: When Hindi comedy film "Chandni Chowk to China" ruffled Nepali sentiments by wrongly asserting that the Buddha was born in India, it was not an isolated mistake, say many Nepalis. They feel that Bollywood has been "stereotyping" and "belittling" the Himalayan nation over the years.

"India's intellectuals have a tradition of looking down on Nepal," says film director Yubaraj Lama, who is also a member of the Nepal Film Development Board.

"India is a super power rich in research and intellectuals. Then why does it repeatedly fail to research Nepal properly and always project its own neighbour in such a negative light?" asks Lama.

Lama remembers the anger in Nepal in the 1990s when Bollywood director David Dhawan's romantic comedy "Gharwali Baharwali" starring Anil Kapoor and Raveena Tandon triggered outrage and public protests.

The plot takes Anil Kapoor, a businessman in the film, to Nepal where he rescues a Nepali girl's goat and has to marry her as, according to the film, it is the tradition in Nepal that a man who saves a woman's goat has to marry her.

But Kapoor is a married man already and the film ends with his Nepali "wife" bowing out of his life after handing over her love child to him and his Indian wife.

"It is an insulting message for Nepal," says Lama. "The implication is that the Indian woman is the gharwali or legitimate wife while the Nepali woman is a mere mistress."

Film journalist Bishnu Gautam recalls the protests the film triggered in Nepal.

"It led to the cinemas showing the film to stop screening it," Gautam says.

The uproar created by the 1998 film was recalled last year when violence erupted in eastern India over a radio jockey making disparaging statements about the winner of Indian Idol, Prashant Tamang, a policeman of Nepali origin.

In 1999 too, there were protests against Bollywood crime classic Vaastav, directed by Mahesh Manrekar and starring Sanjay Dutt, who portrayed a food vendor forced to join Mumbai's dreaded underworld.

"Nepalis were projected as gangsters," says Lama. "India regards us as stereotypes."

Gautam remembers protests in the 80s as well over Bollywood director Subhash Ghai's 1986 film "Karma".

In the film, Bollywood icon Dilip Kumar plays a jailer who decides to take the law into his own hands to revenge himself on the man who killed his children.

"There were protests in Nepal as the film showed a map in which Nepal was depicted as part of India," says Gautam.

"We have a love and hate relationship with Bollywood. We love passionately and we are quick to retaliate when we are angered," he says.

Lama has a graver postscript to add to that.

"When you talk of Nepal, remember the hundreds of Nepalis who laid down their lives (in the Indian Army) to protect India from attacks by China and Pakistan. Learn to respect the blood that was shed for your own security," he says.

Source: http://timesofindia.indiatimes.com/World/Respect_us_Nepal_to_Bollywood/articleshow/4053734.cms

Learn to appreciate our nation, Nepal tells Bollywood

KATHMANDU: When Hindi comedy film "Chandni Chowk to China" ruffled Nepali sentiments by wrongly asserting that the Buddha was born in India, it was not an isolated mistake, say many Nepalis. They feel that Bollywood has been "stereotyping" and "belittling" the Himalayan nation over the years.

"India's intellectuals have a tradition of looking down on Nepal," says film director Yubaraj Lama, who is also a member of the Nepal Film Development Board.

"India is a super power rich in research and intellectuals. Then why does it repeatedly fail to research Nepal properly and always project its own neighbour in such a negative light?" asks Lama.

Lama remembers the anger in Nepal in the 1990s when Bollywood director David Dhawan's romantic comedy "Gharwali Baharwali" starring Anil Kapoor and Raveena Tandon triggered outrage and public protests.

The plot takes Anil Kapoor, a businessman in the film, to Nepal where he rescues a Nepali girl's goat and has to marry her as, according to the film, it is the tradition in Nepal that a man who saves a woman's goat has to marry her.

But Kapoor is a married man already and the film ends with his Nepali "wife" bowing out of his life after handing over her love child to him and his Indian wife.

"It is an insulting message for Nepal," says Lama. "The implication is that the Indian woman is the gharwali or legitimate wife while the Nepali woman is a mere mistress."

Film journalist Bishnu Gautam recalls the protests the film triggered in Nepal.

"It led to the cinemas showing the film to stop screening it," Gautam says.

The uproar created by the 1998 film was recalled last year when violence erupted in eastern India over a radio jockey making disparaging statements about the winner of Indian Idol, Prashant Tamang, a policeman of Nepali origin.

In 1999 too, there were protests against Bollywood crime classic Vaastav, directed by Mahesh Manrekar and starring Sanjay Dutt, who portrayed a food vendor forced to join Mumbai's dreaded underworld.

"Nepalis were projected as gangsters," says Lama. "India regards us as stereotypes."

Gautam remembers protests in the 80s as well over Bollywood director Subhash Ghai's 1986 film "Karma".

In the film, Bollywood icon Dilip Kumar plays a jailer who decides to take the law into his own hands to revenge himself on the man who killed his children.

"There were protests in Nepal as the film showed a map in which Nepal was depicted as part of India," says Gautam.

"We have a love and hate relationship with Bollywood. We love passionately and we are quick to retaliate when we are angered," he says.

Lama has a graver postscript to add to that.

"When you talk of Nepal, remember the hundreds of Nepalis who laid down their lives (in the Indian Army) to protect India from attacks by China and Pakistan. Learn to respect the blood that was shed for your own security," he says.

Source: http://timesofindia.indiatimes.com/World/Respect_us_Nepal_to_Bollywood/articleshow/4053734.cms

Thursday, January 29, 2009

Obama holds Indians in high regard: Former policy director

Chicago, Jan 30: Relations between India and the US will be very positive and friendly under the Presidency of Barack Obama, who has high regard for Indians, an Indian-American former policy director and "close friend" of the US President said.

"President Obama would develop a very positive and friendly relation with India. He holds Indians and Indian-Americans in very high regard," Raja Krishnamoorthi, Obama's policy director during his US senate campaign, said.

Krishnamoorthi, who currently is the Deputy Treasurer for Policy and Programs in the Illinois State Treasurer's office, has known Obama for the last 10 years and has worked with him as policy director and senior advisor for his US Senate Campaign during 2002-04.

Referring to Indian influence on Obama's life, Krishnamoorthi recalled Obama had portraits of just three leaders in his Senate Office, that of Abraham Lincoln, Martin Luther King Jr and Mahatma Gandhi.

"Each of the individuals means a great deal to him. They represent how he views not just America but the rest of the world," he said.

Krishnamoorthi was among the select few "family and friends" from the President's hometown to be invited for the Inauguration in Washington on January 20.

In December last year, Krishnamoorthi received an invitation from the Presidential Inaugural Committee to be among friends and family invited to attend the ceremony.

"My wife and I were touched and surprised that we were included in that select group," he said adding while they got tickets to all the inaugural events, "unfortunately we could not use all the tickets. But we attended everything on the inauguration day".

Krishnamoorthi, who has known "intelligent and compassionate" Obama for "a long time and became close personal friends", said they were given a police escort and provided shuttle buses for the inauguration.

"We were 100 yards from the Capitol Hill. It was one of the most moving experiences I have had. The pageantry and historical nature of the event was overwhelming," he said.

The other feeling was of jubilation, regardless of where one came from or whom one had voted for. "Everybody seemed to be unified behind the President".

Later, the Krishnamoorthis were also part of the "small group of people" that Obama met after being sworn in as the nation's first African American President.

"He was in extremely high spirits and was very cordial. He asked me about my family and seemed at ease in his new position. I have known him for the past 10 years and he has not changed much," he said.

President Obama would "bring a common touch to his office. He has lived a middle class life through much of his adult life and he and has wife Michelle know the challenges of living and working in the US.”

"They would bring those experiences to the White House and use them in steering the country forward," he said.

Source: http://www.zeenews.com/nation/2009-01-30/503010news.html

Thursday, January 22, 2009

Obama Reverses Key Bush Security Policies


WASHINGTON — President Obama reversed the most disputed counterterrorism policies of the Bush administration on Thursday, declaring that “our ideals give us the strength and moral high ground” in the fight against Al Qaeda. But Mr. Obama postponed for months decisions on complex questions the United States has been grappling with since the terrorist attacks of 2001.

Mr. Obama signed executive orders closing the detention camp at Guantánamo Bay, Cuba, within a year; ending the Central Intelligence Agency’s secret prisons; and requiring all interrogations to follow the noncoercive methods of the Army Field Manual.

“We intend to win this fight,” he said. “We are going to win it on our own terms.”

His actions on the second full day of his presidency won praise from human rights groups and Democrats in Congress, who said the new policies would help restore the United States’ moral authority. Mr. Obama invited to the signing ceremony 16 retired generals and admirals who had spoken out against what they called torture. Their passionate appeal to end harsh interrogations “made an extraordinary impression on me,” he said.

Mr. Obama’s orders struck a powerful new tone and represented an important first step toward rewriting American rules for dealing with terrorism suspects. But only his decision to halt for now the military trials under way at Guantánamo Bay seemed likely to have immediate practical significance, with other critical policy choices to be resolved by task forces set up within the administration.

Among the questions that the White House did not resolve on Thursday were these: What should be done with terrorists who cannot be tried in American courts, either because evidence against them was obtained by torture or because intelligence is too sensitive to use in court? Should some interrogation methods remain secret to keep Al Qaeda from training to resist them? How can the United States make sure prisoners transferred to other countries will not be tortured?

Members of Mr. Obama’s national security team have expressed a wide variety of views on interrogation and detention policy, and there is likely to be robust internal debate before the questions are resolved.

John D. Hutson, a retired admiral and law school dean who attended the signing ceremony, said he had confidence that the Obama administration would come up with thoughtful, practical answers to such questions.

Closing the Guantánamo prison and banning coercive interrogation “is the right thing to do morally, diplomatically, militarily and constitutionally,” Mr. Hutson said, “but it also makes us safer.”

Mr. Obama, he added, “really gets it.”

But Representative Peter Hoekstra of Michigan, the ranking Republican on the House Intelligence Committee, said the decision to close the prison within a year “places hope ahead of reality — it sets an objective without a plan to get there.”

In offering a warning that was also sounded by other Republicans, Mr. Hoekstra noted that in briefings for Congress, administration officials “could not answer questions as to what they will do with any new jihadists or enemy combatants that we capture.”

Veterans of Foreign Wars, the influential veterans’ advocacy group, said in a statement that it was “not prudent” to close the Guantánamo prison while the nation remained at war. Glen M. Gardner Jr., a Vietnam veteran and the group’s national commander, said the camp in Cuba “keeps our enemies off the battlefield” and called it “professionally run and respectful of human rights.”

Mr. Obama’s order closing the prison assigns the attorney general to lead a review of what should happen to the remaining 245 detainees there and does not rule out the possibility of trying some using military commissions, as the Bush administration had begun to do, though possibly with different procedures.

One new task force, headed by the attorney general and the secretary of defense, will study detainee policy and report to the president in six months. A second, led by the attorney general, and with the secretary of defense and director of national intelligence as vice co-chairmen, will study whether the Army Field Manual should remain the only standard for interrogators and review the practice of extraordinary rendition, in which captured terrorism suspects are transferred to other countries.

In a separate directive, Mr. Obama asked for a high-level review of the case of Ali al-Marri — Mr. Obama called him “clearly a dangerous individual” — who is being held without charges as an “enemy combatant” in a military jail in South Carolina. The Justice Department asked the Supreme Court for a 30-day stay in Mr. Marri’s civil case challenging his detention until the new administration decided on its position.

Mr. Obama sought otherwise to send a signal to the world that he was breaking with Bush administration policies, which he often called wrong and counterproductive during his presidential campaign. In one move, he ordered his government not to rely on any legal opinions concerning interrogation produced by the Justice Department or other agencies between Sept. 11, 2001, and Tuesday, when he assumed the presidency.

“We believe we can abide by a rule that says, We don’t torture, but we can effectively obtain the intelligence we need,” Mr. Obama said in his televised statement.

The immediate practical impact of the orders was limited, in part because the most aggressive Bush policies were scaled back long ago. Military interrogators have been required by law to abide by the Army Field Manual since 2005, and since 2003 the C.I.A. has not used waterboarding, the near-drowning technique described as torture by Mr. Obama’s choice as attorney general, Eric H. Holder Jr. Only a handful of prisoners have passed through the C.I.A.’s secret overseas detention program since 2005.

As the new executive orders were being signed, Mr. Obama’s choice to become director of national intelligence faced questions from a Senate panel about whether the administration might create a loophole giving more latitude to C.I.A. interrogators

Dennis C. Blair, a retired admiral and former C.I.A. official who is expected to be easily confirmed as the intelligence director by the Senate Intelligence Committee, insisted that military and intelligence interrogators would follow the same rules, but he left open the possibility that techniques beyond the 19 currently approved for military interrogators could be authorized.

Mr. Blair also suggested that some interrogation procedures would need to remain secret so potential adversaries could not train to resist them.

“We don’t want to provide open intelligence support for those who are coming after us,” he told members of the Intelligence Committee.

The response puzzled some Democratic senators, who long have maintained that secret interrogation rules only raise suspicions that the United States might be abusing prisoners.

Senator Dianne Feinstein, Democrat of California and chairwoman of the committee, said that despite the executive orders she still planned to press for legislation mandating a single standard for military and C.I.A. interrogators. Such a law would be harder to reverse than Mr. Obama’s executive order, which he could alter or cancel at any time by issuing a new order.

“I think that ultimately the government is well served by codifying it, by having it in law,” Mrs. Feinstein said.

Some liberal groups, while praising the Obama orders, said they supported legislation like Mrs. Feinstein’s because they were concerned about what his task forces might propose. They also said they would continue to press for a full investigation of detention and interrogation programs under President George W. Bush.

The National Religious Campaign Against Torture, a coalition of 240 religious groups, said that Mr. Obama’s statement “allowed the United States to again find its moral bearing,” but added that it was concerned that the panel on interrogation might allow the C.I.A. to resume using abusive methods.

Geneve Mantri, who tracks counterterrorism programs at Amnesty International, called the orders “a giant leap forward” but added, “We view with concern some of the outstanding questions.”

Mr. Obama’s moves drew praise from a former Bush administration official, John B. Bellinger III, who was the top legal adviser in that administration’s National Security Council and State Department. Mr. Bellinger said executive orders were “measured and do not take any rash actions.”

“Although the Gitmo order is primarily symbolic,” he said, “it is very important. It accomplishes what we could never accomplish during the Bush administration.”

Source: http://www.nytimes.com/2009/01/23/us/politics/23obama.html?_r=1&pagewanted=2

Remarks of President-Elect Barack Obama : Election Night

Chicago, IL November 04, 2008
If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer.

It's the answer told by lines that stretched around schools and churches in numbers this nation has never seen; by people who waited three hours and four hours, many for the very first time in their lives, because they believed that this time must be different; that their voice could be that difference.

It's the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Latino, Asian, Native American, gay, straight, disabled and not disabled - Americans who sent a message to the world that we have never been a collection of Red States and Blue States: we are, and always will be, the United States of America.

It's the answer that led those who have been told for so long by so many to be cynical, and fearful, and doubtful of what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day.
Soruce: http://www.barackobama.com/issues/immigration/

It's been a long time coming, but tonight, because of what we did on this day, in this election, at this defining moment, change has come to America.


I just received a very gracious call from Senator McCain. He fought long and hard in this campaign, and he's fought even longer and harder for the country he loves. He has endured sacrifices for America that most of us cannot begin to imagine, and we are better off for the service rendered by this brave and selfless leader. I congratulate him and Governor Palin for all they have achieved, and I look forward to working with them to renew this nation's promise in the months ahead.


I want to thank my partner in this journey, a man who campaigned from his heart and spoke for the men and women he grew up with on the streets of Scranton and rode with on that train home to Delaware, the Vice President-elect of the United States, Joe Biden.


I would not be standing here tonight without the unyielding support of my best friend for the last sixteen years, the rock of our family and the love of my life, our nation's next First Lady, Michelle Obama. Sasha and Malia, I love you both so much, and you have earned the new puppy that's coming with us to the White House. And while she's no longer with us, I know my grandmother is watching, along with the family that made me who I am. I miss them tonight, and know that my debt to them is beyond measure.


To my campaign manager David Plouffe, my chief strategist David Axelrod, and the best campaign team ever assembled in the history of politics - you made this happen, and I am forever grateful for what you've sacrificed to get it done.


But above all, I will never forget who this victory truly belongs to - it belongs to you.


I was never the likeliest candidate for this office. We didn't start with much money or many endorsements. Our campaign was not hatched in the halls of Washington - it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston.


It was built by working men and women who dug into what little savings they had to give five dollars and ten dollars and twenty dollars to this cause. It grew strength from the young people who rejected the myth of their generation's apathy; who left their homes and their families for jobs that offered little pay and less sleep; from the not-so-young people who braved the bitter cold and scorching heat to knock on the doors of perfect strangers; from the millions of Americans who volunteered, and organized, and proved that more than two centuries later, a government of the people, by the people and for the people has not perished from this Earth. This is your victory.


I know you didn't do this just to win an election and I know you didn't do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime - two wars, a planet in peril, the worst financial crisis in a century. Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us. There are mothers and fathers who will lie awake after their children fall asleep and wonder how they'll make the mortgage, or pay their doctor's bills, or save enough for college. There is new energy to harness and new jobs to be created; new schools to build and threats to meet and alliances to repair.


The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America - I have never been more hopeful than I am tonight that we will get there. I promise you - we as a people will get there.


There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as President, and we know that government can't solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it's been done in America for two-hundred and twenty-one years - block by block, brick by brick, calloused hand by calloused hand.


What began twenty-one months ago in the depths of winter must not end on this autumn night. This victory alone is not the change we seek - it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you.


So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. Let us remember that if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers - in this country, we rise or fall as one nation; as one people.


Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House - a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, "We are not enemies, but friends... though passion may have strained it must not break our bonds of affection." And to those Americans whose support I have yet to earn - I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.


And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world - our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down - we will defeat you. To those who seek peace and security - we support you. And to all those who have wondered if America's beacon still burns as bright - tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.


For that is the true genius of America - that America can change. Our union can be perfected. And what we have already achieved gives us hope for what we can and must achieve tomorrow.


This election had many firsts and many stories that will be told for generations. But one that's on my mind tonight is about a woman who cast her ballot in Atlanta. She's a lot like the millions of others who stood in line to make their voice heard in this election except for one thing - Ann Nixon Cooper is 106 years old.


She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn't vote for two reasons - because she was a woman and because of the color of her skin.


And tonight, I think about all that she's seen throughout her century in America - the heartache and the hope; the struggle and the progress; the times we were told that we can't, and the people who pressed on with that American creed: Yes we can.


At a time when women's voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can.


When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs and a new sense of common purpose. Yes we can.


When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can.


She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can.


A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination. And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change. Yes we can.


America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves - if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

This is our chance to answer that call. This is our moment. This is our time - to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American Dream and reaffirm that fundamental truth - that out of many, we are one; that while we breathe, we hope, and where we are met with cynicism, and doubt, and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people:

Yes We Can. Thank you, God bless you, and may God Bless the United States of America.

Soruce: www.barackobama.com/

Barack Obama Introduction




Barack Obama was raised by a single mother and his grandparents. They didn't have much money, but they taught him values from the Kansas heartland where they grew up. He took out loans to put himself through school. After college, he worked for Christian churches in Chicago, helping communities devastated when steel plants closed. Obama turned down lucrative job offers after law school to return to Chicago, leading a successful voter registration drive. He joined a small law firm, taught constitutional law and, guided by his Christian faith, stayed active in his community. Obama and his wife Michelle are proud parents of two daughters, Sasha and Malia.



Early Years
Barack Obama was born in Hawaii on August 4th, 1961. His father, Barack Obama Sr., was born and raised in a small village in Kenya, where he grew up herding goats with his own father, who was a domestic servant to the British.

Barack's mother, Ann Dunham, grew up in small-town Kansas. Her father worked on oil rigs during the Depression, and then signed up for World War II after Pearl Harbor, where he marched across Europe in Patton's army. Her mother went to work on a bomber assembly line, and after the war, they studied on the G.I. Bill, bought a house through the Federal Housing Program, and moved west to Hawaii.

It was there, at the University of Hawaii, where Barack's parents met. His mother was a student there, and his father had won a scholarship that allowed him to leave Kenya and pursue his dreams in America.

Barack's father eventually returned to Kenya, and Barack grew up with his mother in Hawaii, and for a few years in Indonesia. Later, he moved to New York, where he graduated from Columbia University in 1983.



The College Years
Remembering the values of empathy and service that his mother taught him, Barack put law school and corporate life on hold after college and moved to Chicago in 1985, where he became a community organizer with a church-based group seeking to improve living conditions in poor neighborhoods plagued with crime and high unemployment.

The group had some success, but Barack had come to realize that in order to truly improve the lives of people in that community and other communities, it would take not just a change at the local level, but a change in our laws and in our politics.

He went on to earn his law degree from Harvard in 1991, where he became the first African-American president of the Harvard Law Review. Soon after, he returned to Chicago to practice as a civil rights lawyer and teach constitutional law. Finally, his advocacy work led him to run for the Illinois State Senate, where he served for eight years. In 2004, he became the third African American since Reconstruction to be elected to the U.S. Senate.



Political Career
It has been the rich and varied experiences of Barack Obama's life - growing up in different places with people who had differing ideas - that have animated his political journey. Amid the partisanship and bickering of today's public debate, he still believes in the ability to unite people around a politics of purpose - a politics that puts solving the challenges of everyday Americans ahead of partisan calculation and political gain.

In the Illinois State Senate, this meant working with both Democrats and Republicans to help working families get ahead by creating programs like the state Earned Income Tax Credit, which in three years provided over $100 million in tax cuts to families across the state. He also pushed through an expansion of early childhood education, and after a number of inmates on death row were found innocent, Senator Obama worked with law enforcement officials to require the videotaping of interrogations and confessions in all capital cases.

In the U.S. Senate, he has focused on tackling the challenges of a globalized, 21st century world with fresh thinking and a politics that no longer settles for the lowest common denominator. His first law was passed with Republican Tom Coburn, a measure to rebuild trust in government by allowing every American to go online and see how and where every dime of their tax dollars is spent. He has also been the lead voice in championing ethics reform that would root out Jack Abramoff-style corruption in Congress.

As a member of the Veterans' Affairs Committee, Senator Obama has fought to help Illinois veterans get the disability pay they were promised, while working to prepare the VA for the return of the thousands of veterans who will need care after Iraq and Afghanistan. Recognizing the terrorist threat posed by weapons of mass destruction, he traveled to Russia with Republican Dick Lugar to begin a new generation of non-proliferation efforts designed to find and secure deadly weapons around the world. And knowing the threat we face to our economy and our security from America's addiction to oil, he's working to bring auto companies, unions, farmers, businesses and politicians of both parties together to promote the greater use of alternative fuels and higher fuel standards in our cars.

Whether it's the poverty exposed by Katrina, the genocide in Darfur, or the role of faith in our politics, Barack Obama continues to speak out on the issues that will define America in the 21st century. But above all his accomplishments and experiences, he is most proud and grateful for his family. His wife, Michelle, and his two daughters, Malia, 10, and Sasha, 7, live on Chicago's South Side.

Source: http://www.barackobama.com/speeches/index.php

President Barack Obama's Inaugural Address


My fellow citizens:
I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.

Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.

So it has been. So it must be with this generation of Americans.

That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.

These are the indicators of crisis, subject to data and statistics. Less measurable but no less profound is a sapping of confidence across our land - a nagging fear that America's decline is inevitable, and that the next generation must lower its sights.

Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America - they will be met.

On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.

On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.

We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.

In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things - some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom.

For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.

For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.

For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn.

Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.

This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions - that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.

For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act - not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.

Now, there are some who question the scale of our ambitions - who suggest that our system cannot tolerate too many big plans. Their memories are short. For they have forgotten what this country has already done; what free men and women can achieve when imagination is joined to common purpose, and necessity to courage.

What the cynics fail to understand is that the ground has shifted beneath them - that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits, and do our business in the light of day - because only then can we restore the vital trust between a people and their government.

Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control - and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart - not out of charity, but because it is the surest route to our common good.

As for our common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake. And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: know that America is a friend of each nation and every man, woman, and child who seeks a future of peace and dignity, and that we are ready to lead once more.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

We are the keepers of this legacy. Guided by these principles once more, we can meet those new threats that demand even greater effort - even greater cooperation and understanding between nations. We will begin to responsibly leave Iraq to its people, and forge a hard-earned peace in Afghanistan. With old friends and former foes, we will work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet. We will not apologize for our way of life, nor will we waver in its defense, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you.

For we know that our patchwork heritage is a strength, not a weakness. We are a nation of Christians and Muslims, Jews and Hindus - and non-believers. We are shaped by every language and culture, drawn from every end of this Earth; and because we have tasted the bitter swill of civil war and segregation, and emerged from that dark chapter stronger and more united, we cannot help but believe that the old hatreds shall someday pass; that the lines of tribe shall soon dissolve; that as the world grows smaller, our common humanity shall reveal itself; and that America must play its role in ushering in a new era of peace.

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West - know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.

To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to suffering outside our borders; nor can we consume the world's resources without regard to effect. For the world has changed, and we must change with it.

As we consider the road that unfolds before us, we remember with humble gratitude those brave Americans who, at this very hour, patrol far-off deserts and distant mountains. They have something to tell us today, just as the fallen heroes who lie in Arlington whisper through the ages. We honor them not only because they are guardians of our liberty, but because they embody the spirit of service; a willingness to find meaning in something greater than themselves. And yet, at this moment - a moment that will define a generation - it is precisely this spirit that must inhabit us all.

For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter's courage to storm a stairway filled with smoke, but also a parent's willingness to nurture a child, that finally decides our fate.

Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends - hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism - these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility - a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task.

This is the price and the promise of citizenship.

This is the source of our confidence - the knowledge that God calls on us to shape an uncertain destiny.

This is the meaning of our liberty and our creed - why men and women and children of every race and every faith can join in celebration across this magnificent mall, and why a man whose father less than sixty years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath.

So let us mark this day with remembrance, of who we are and how far we have traveled. In the year of America's birth, in the coldest of months, a small band of patriots huddled by dying campfires on the shores of an icy river. The capital was abandoned. The enemy was advancing. The snow was stained with blood. At a moment when the outcome of our revolution was most in doubt, the father of our nation ordered these words be read to the people:

"Let it be told to the future world...that in the depth of winter, when nothing but hope and virtue could survive...that the city and the country, alarmed at one common danger, came forth to meet [it]."

America. In the face of our common dangers, in this winter of our hardship, let us remember these timeless words. With hope and virtue, let us brave once more the icy currents, and endure what storms may come. Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.

Soruce: http://my.barackobama.com/page/community/post/stateupdates/gGxHZR