US 'undergoing a period of economic uncertainty',Bush

US 'undergoing a period of economic uncertainty',Bush
by Nksagar 11 minutes ago

President George W Bush has admitted US economic growth is slowing, in his final State of the Union address urged Americans to have long-term confidence.
Bush Address:
As Americans, we believe in the power of individuals to determine their destiny and shape the course of history. We believe that the most reliable guide for our country is the collective wisdom of ordinary citizens. And so in all we do, we must trust in the ability of free peoples to make wise decisions, and empower them to improve their lives for their futures.

To build a prosperous future, we must trust people with their own money and empower them to grow our economy. As we meet tonight, our economy is undergoing a period of uncertainty. America has added jobs for a record 52 straight months, but jobs are now growing at a slower pace. Wages are up, but so are prices for food and gas. Exports are rising, but the housing market has declined. At kitchen tables across our country, there is a concern about our economic future.
Americans can be confident about our economic growth. But in the short run, we can all see that that growth is slowing. So last week, my administration reached agreement with Speaker Pelosi and Republican Leader Boehner on a robust growth package that includes tax relief for individuals and families and incentives for business investment. The temptation will be to load up the bill. That would delay it or derail it, and neither option is acceptable. This is a good agreement that will keep our economy growing and our people working. And this Congress must pass it as soon as possible. We have other work to do on taxes. Unless Congress acts, most of the tax relief we’ve delivered over the past seven years will be taken away. Some in Washington argue that letting tax relief expire is not a tax increase. Try explaining that to 116 million American taxpayers who would see their taxes rise by an average of $1,800. Others have said they would personally be happy to pay higher taxes. I welcome their enthusiasm. I’m pleased to report that the IRS accepts both checks and money orders.

Most Americans think their taxes are high enough. With all the other pressures on their finances, American families should not have to worry about their federal government taking a bigger bite out of their paychecks. There’s only one way to eliminate this uncertainty: Make the tax relief permanent. (Applause.) And members of Congress should know: If any bill raises taxes reaches my desk, I will veto it.

Just as we trust Americans with their own money, we need to earn their trust by spending their tax dollars wisely. Next week, I’ll send you a budget that terminates or substantially reduces 151 wasteful or bloated programs, totaling more than $18 billion. The budget that I will submit will keep America on track for a surplus in 2012. American families have to balance their budgets; so should their government.

On education, we must trust students to learn if given the chance, and empower parents to demand results from our schools. In neighborhoods across our country, there are boys and girls with dreams — and a decent education is their only hope of achieving them.

The strength — the secret of our strength, the miracle of America, is that our greatness lies not in our government, but in the spirit and determination of our people. When the Federal Convention met in Philadelphia in 1787, our nation was bound by the Articles of Confederation, which began with the words, “We the undersigned delegates.” When Governor Morris was asked to draft a preamble to our new Constitution, he offered an important revision and opened with words that changed the course of our nation and the history of the world: “We the people.”
On trade, we must trust American workers to compete with anyone in the world and empower them by opening up new markets overseas. Today, our economic growth increasingly depends on our ability to sell American goods and crops and services all over the world. So we’re working to break down barriers to trade and investment wherever we can. We’re working for a successful Doha Round of trade talks, and we must complete a good agreement this year. At the same time, we’re pursuing opportunities to open up new markets by passing free trade agreements.

I thank the Congress for approving a good agreement with Peru. And now I ask you to approve agreements with Colombia and Panama and South Korea. (Applause.) Many products from these nations now enter America duty-free, yet many of our products face steep tariffs in their markets. These agreements will level the playing field. They will give us better access to nearly 100 million customers. They will support good jobs for the finest workers in the world: those whose products say “Made in the USA.”

These agreements also promote America’s strategic interests. The first agreement that will come before you is with Colombia, a friend of America that is confronting violence and terror, and fighting drug traffickers. If we fail to pass this agreement, we will embolden the purveyors of false populism in our hemisphere. So we must come together, pass this agreement, and show our neighbors in the region that democracy leads to a better life. Trade brings better jobs and better choices and better prices. Yet for some Americans, trade can mean losing a job, and the federal government has a responsibility to help. I ask Congress to reauthorize and reform trade adjustment assistance, so we can help these displaced workers learn new skills and find new jobs.

To build a future of energy security, we must trust in the creative genius of American researchers and entrepreneurs and empower them to pioneer a new generation of clean energy technology. (Applause.) Our security, our prosperity, and our environment all require reducing our dependence on oil. Last year, I asked you to pass legislation to reduce oil consumption over the next decade, and you responded.

Together we should take the next steps: Let us fund new technologies that can generate coal power while capturing carbon emissions. Let us increase the use of renewable power and emissions-free nuclear power.
Let us continue investing in advanced battery technology and renewable fuels to power the cars and trucks of the future.

And the best way to meet these goals is for America to continue leading the way toward the development of cleaner and more energy-efficient technology.
To keep America competitive into the future, we must trust in the skill of our scientists and engineers and empower them to pursue the breakthroughs of tomorrow.On matters of life and science, we must trust in the innovative spirit of medical researchers and empower them to discover new treatments while respecting moral boundaries. In November, we witnessed a landmark achievement when scientists discovered a way to reprogram adult skin cells to act like embryonic stem cells. This breakthrough has the potential to move us beyond the divisive debates of the past by extending the frontiers of medicine without the destruction of human life.
Every member in this chamber knows that spending on entitlement programs like Social Security, Medicare, and Medicaid is growing faster than we can afford.
The terrorists oppose every principle of humanity and decency that we hold dear. Yet in this war on terror, there is one thing we and our enemies agree on: In the long run, men and women who are free to determine their own destinies will reject terror and refuse to live in tyranny. And that is why the terrorists are fighting to deny this choice to the people in Lebanon, Iraq, Afghanistan, Pakistan, and the Palestinian Territories. And that is why, for the security of America and the peace of the world, we are spreading the hope of freedom.Our objective in the coming year is to sustain and build on the gains we made in 2007, while transitioning to the next phase of our strategy. American troops are shifting from leading operations, to partnering with Iraqi forces, and, eventually, to a protective overwatch mission. As part of this transition, one Army brigade combat team and one Marine Expeditionary Unit have already come home and will not be replaced. In the coming months, four additional brigades and two Marine battalions will follow suit. Taken together, this means more than 20,000 of our troops are coming home. In the coming year, we will work with Iraqi leaders as they build on the progress they’re making toward political reconciliation. At the local level, Sunnis, Shia, and Kurds are beginning to come together to reclaim their communities and rebuild their lives. Progress in the provinces must be matched by progress in Baghdad.Protecting our nation from the dangers of a new century requires more than good intelligence and a strong military. It also requires changing the conditions that breed resentment and allow extremists to prey on despair. So America is using its influence to build a freer, more hopeful, and more compassionate world. This is a reflection of our national interest; it is the calling of our conscience.
America is leading the fight against global poverty, with strong education initiatives and humanitarian assistance. We’ve also changed the way we deliver aid by launching the Millennium Challenge Account. This program strengthens democracy, transparency, and the rule of law in developing nations, and I ask you to fully fund this important initiative. America is leading the fight against global hunger. Today, more than half the world’s food aid comes from the United States. And tonight, I ask Congress to support an innovative proposal to provide food assistance by purchasing crops directly from farmers in the developing world, so we can build up local agriculture and help break the cycle of famine.

By trusting the people, our Founders wagered that a great and noble nation could be built on the liberty that resides in the hearts of all men and women. By trusting the people, succeeding generations transformed our fragile young democracy into the most powerful nation on Earth and a beacon of hope for millions. And so long as we continue to trust the people, our nation will prosper, our liberty will be secure, and the state of our Union will remain strong.

So tonight, with confidence in freedom’s power, and trust in the people, let us set forth to do their business. God bless America

Sydney Crisis lowers Aussie's cricketers popularity IPL League

29.01.2008 10:15:14 Ricky Ponting, Adam Gilchrist and Andrew Symonds Mike Hussey, Michael Clarke put in expressions of interest.IPL may not be keen to sign Aussie's players.
(live-PR.com) - The outcome of Australian Team too adamant to fight the case of Andrew Symonds racial slur by Bhajji will have its tolls in relation to India and Australia future game itinerary.
Ricky Ponting, Adam Gilchrist and Andrew Symonds Mike Hussey, Michael Clarke put in expressions of interest for the league, for their earning anything between USD 300,000 and USD 500,000. BCCI vice-president Lalit Modi has warned Australian may have more “casualties” when IPL franchise owners start recruiting players as the world champions’ reputation has taken a severe beating in the ugly episode in Sydney.

Modi said Australian cricketers’ popularity has gone down “dramatically” in India and that has made franchise owners a bit apprehensive about having them on board.

“We sincerely hope there is no impact on their involvement in the IPL. It will be for the team owners to decide. But there definitely will be some casualties from the feedback we are getting,” Modi told a leading Australian daily.

“Other nations who we play less with currently want to increase the number of matches we play with them,” Modi said.

“We will need to balance this in the Future Tours Program. We cannot increase the number of games India plays in total. So we will have to play less with some and more with others,” he added.
Modi, however, maintained that the BCCI would abide by ICC regulations and rubbished suggestions that the Indian Board was flexing its financial muscle to get things done.

“No one country can run the game. We have to all collectively run the game. Unlike in the past, the future for cricket will be best served if all have a voice,” he said.

“(The BCCI) definitely respects the ICC. It has a big role to play and will continue to be good for the game,” he added.

India's firm stand paid off today when racism charges against off-spinner Harbhajan Singh were dropped by a Judge and he was held guilty of a much lighter offence of using offensive language for which he was fined, escaping a three-Test ban that had been imposed on him earlier.
Appeals Commissioner, Justice Hansen from New Zealand, has heard the stump microphone recording.
Ricky Ponting left the hearing after deposing, and in what could a sign of a thaw in the relationship is that Sachin was escorted to the hearing by Cricket Australia chairman Creagh O' Connor.

The hearing began at Adelaide this morning at around 6 am IST.
The controversy appears to have settled once for all and better cricket game shall be played in the best of spirit to entertain the cricket lover all over all the world.Peace settlement appears to come to sight as Harbhajan has been been fine fifty percent.The tour of Team India to Oz to continue.Acrimonous debate followed due to bad umpiring at Sydney tests with umpires asked to pull out from the rest of the test series.A controversy cricket on Harbhajan calling Andrew Symond withMonkey labeled as Monkey came in the ICC norms as racial absue on which Harbhajan was put to trial today at Adelaide.

Relation between the two titanic cricket playing nations did reach low ebb as medias of two countries attacked each other with stories and counter stories of lack of discipline within two teams.

ICC-appointed Appeals Commissioner Justin John Hansen heard for nearly five hours Harbhajan's appeal against the three-Test ban imposed on him by Match Referee Mike Procter during the Sydney Test earlier this month when he was accused of allegedly calling Australian all-rounder Andrew Symonds 'a monkey', and imposed on the off-spinner a fine of 50 percent of his match fee ending the controversy that had threatened to split the cricket world.

The New Zealand High Court Judge's task was made easier by behind-the-scene efforts by the Australian cricket board and the BCCI to find a compromise in the shape of downgrading the charge against Harbhajan from racial abuse (section 3.3 of ICC Code of Conduct) to that of using language which is offensive and of seriously insulting nature (section 2.8). This compromise was reportedly presented to Hansen at the hearing.

A delighted BCCI, which had raised the stakes by announcing yesterday that the Indian team would be called back home if the racial charge was not withdrawn, promptly welcomed the Commissioner's verdict and declared that the rest of the Australia tour would go ahead.
Match played at Adelaide and Anil Kumle gesture to withdraw Hoggs remarks for which team India also filed a complaint made the spirit of game improved and world watched the two teams played the best at Oval ground.

Harbhajan is not cleared of the racist slur, BCCI has kept the option of curtailing the tour open, even if it invites a fine.

The BCCI is not happy with the decision to use transcripts of the stump microphone audio during the appeal. Since this evidence was not used in the first hearing.

The BCCI insists that if the racial charge is upheld then the tour will be called off. However they say that if the charge is converted to one of abuse then that would be acceptable.



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Opoosition KMT won Taiwan parliamentary elections

Opposition party of Taiwan,KMT won 81 seats, They have 51.3 per cent share
of the vote which led their party en route to Presidential election in the month of March.KMT with majority of 86 seats of the 113-seat parliament,
total sweep. China-hostile policies of the ruling Democratic Progressive Party (DPP) won only 27 seats as per election results from Central election commission.

"We are both grateful and worried about the heavy burden the victory has brought on us," KMT Chairman Wu Poh-hsiung told a news conference.

"We have won the majority of seats in parliaments. We will not abuse this power, but will use (it) to push for stability in our society. We will be more united so that we will not let down the Taiwanese people," he said.

KMT presidential candidate Ma Ying-jeou said Monday, KMT had to remain humble and work its utmost to live up to the expectations of the public.

Ma is running for president against his DPP opponent Frank Hsieh in the crucial poll slate for March 22.

A Plot to blow Eiffel tower

Eiffel Tower blow up plot Message has been intercepted by the Portuguese Air traffic controllers,a short wave radio conversation picked by Portuguese air traffic controllers on Thursday.
The conversation picked by Portuguese air traffic controllers on Thursday in Lisbon was passed on to French spy chiefs.

Thousand feet high steel tower has six million visitor come to visit this unique tower built on 1889.Each day average 16000tourist visit the prestigious site.

Security at the tower has been further strengthened.