Friday, February 18, 2011

Morning Newsdome: Tech bigwigs named part of Obama's jobs panel

Posted By on Fri, Feb 18, 2011 at 11:01 AM

President Obama meets the Hooded one
  • Courtesy the White House
  • President Obama meets the Mighty Zuck
>> President Obama is expected to name Intel CEO Paul Otellini to his Council on Jobs and Competitiveness today to signify the administration's shifting approach from economic recovery to "overdrive." The announcement comes during Obama's West Coast meetings with Silicon Valley head honchos like Apple CEO Steve Jobs and Facebook founder Mark Zuckerberg. With the Hooded One on your side, nothing can go wrong again. (the LA Times)

>> A new bill in the House proposes cutting all $317 million in federal funding to family planning services for low income women, including Planned Parenthood which receives $75 million, in order to slim the federal budget. Planned Parenthood President Cecile B. Richards said the cuts would lead to more "unintended pregnancies...cancer would develop, undiagnosed, in countless women" and none of the federal funding is permitted for abortions. Be quiet you low-income women—white men know what's best for you. (the New York Times)

>> After Wisconsin Republican governor Scott Walker pushed an anti-union bill for state employees that would do away with collective bargaining and force public employees to pay higher pensions, the state's Democratic senators retreated to a Best Western in Illinois to block the vote. President Obama voiced his support, saying "Where they're just making it harder for public employees to collectively bargain generally seems like more of an assault on unions." Wait a minute—Best Western? (the Washington Post)

>> Tens of thousands of protesters marched today in Libya with the bodies of civilians killed in anti-government protests this week. That's pretty extreme. How did the government respond? By sending cell phone texts saying to stay united for the sake of Libya. (CNN)

>> And finally: In a G20 meeting today of the world's 20 major economic powers, China rejected the use of real exchange rates and currency reserves to measure global economic imbalances. China's hard-line stance threw a wrench in how G20 will avoid future financial crises. Then China told the G20 panel, "You're not the boss of me!" (Reuters)

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