Michelle Obama for 2016? Speech moves everybody to tears

September 5, 2012
michelle-obama_Tear


North Carolina, September 5: First lady Michelle Obama acknowledged on Tuesday that the change her husband Barack Obama sought in his White House campaign four years ago has proven difficult but urged voters to give him another term to fix the weak U.S. economy.

"He reminds me that we are playing a long game here, and that change is hard, and change is slow, and it never happens all at once," she told the Democratic National Convention in Charlotte, North Carolina. "But eventually we get there. We always do," she said.

With Democrats anxious about a race with Republican Mitt Romney that is too close to call nine weeks before the November 6 election, Mrs. Obama urged party activists to rally around the president.

"We must work like never before, and we must once again come together and stand together for the man we can trust to keep moving this great country forward, my husband, our president, Barack Obama," she said.

Under fire for high unemployment, Obama wants to use the convention to seize the political spotlight back from Romney who held his own nominating convention in Tampa last week.

A host of speakers at the gathering in Charlotte attacked Romney for his business record, refusal to release more tax returns and for spearheading a Republican "war on women."

ATTACK ON ROMNEY

The Democrats even choreographed a swipe at the former executive from beyond the grave, by playing a video of late Senator Ted Kennedy getting the better of Romney during a debate in the 1994 election campaign for Kennedy's Senate seat.

Michelle Obama's address was the Democrats' answer to Romney's wife, Ann, who gave a highly personal account of her husband in trying to present a more human side to him at the Republicans' convention.

The popular Mrs. Obama laced her speech with what seemed to be subtle digs at Romney but mostly kept her focus on her husband, recalling their early days together.

"For Barack, success isn't about how much money you make, it's about the difference you make in people's lives," she said about Romney whose fortune from private equity has been a focus of her husband's campaign.


"He was the guy whose proudest possession was a coffee table he'd found in a dumpster, and whose only pair of decent shoes was a half size too small," she said.


It was a night for women at the convention as the Democrats pressed their advantage with female voters, a gender gap that is a sore point for Republicans particularly after remarks by conservative Missouri Senate candidate Todd Akin about "legitimate rape."

Lily Ledbetter, the tough-talking Alabama advocate for equal pay for women, took the stage, as did former veterans official Tammy Duckworth and many others to criticize Romney and talk up Obama.


"He believes that women are more than capable of making our own choices about our bodies and our healthcare. That's what my husband stands for," Michelle Obama said.


The Democrats highlighted Obama's successes during his first term - from ordering the mission that killed al Qaeda leader Osama bin Laden to the bailout of the auto industry - while reminding voters of the difficulties Obama faced when he took office.

"Four years ago, America stood on the brink of a depression," Julian Castro, mayor of the Texas city of San Antonio, said. "Despite incredible odds and united Republican opposition, our president took action. And now we've seen 4.5 million new jobs."

Obama will make his acceptance speech in a 74,000-capacity football stadium on Thursday night.


His economic argument got a little tougher on Tuesday. New surveys showed U.S. manufacturing shrank at its sharpest clip in more than three years last month, while exports and hiring in the sector also slumped.


Republicans stayed on the offensive, criticizing Obama for telling a Colorado television reporter that he would give himself a grade of "incomplete" for his first term.


michele_tear


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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
June 8,2020

Hundreds of thousands of people across the world are joining the anti-racism demonstrations days after the killing of George Floyd in United Sates. 

The protests are being held in cities including London, Manchester, Cardiff, Leicester and Sheffield.

Demonstrators attached ropes to the statue of Edward Colston before pulling it down to cheers and roars of approval from the crowd. Images on social media show the statue was eventually rolled into the city's harbour. 

It was not the only statue targeted on Sunday. In Brussels, protesters clambered onto the statue of former King Leopold II and chanted "reparations".

The word "shame" was also graffitied on the monument, reference perhaps to the fact that Leopold is said to have reigned over the mass death of 10 million Congolese.

In London, thousands of people congregated around the US embassy for the second day running.

While protests were mainly peaceful, there were some scuffles near the office of Prime Minister Boris Johnson and outside the Parliament gates.

In Hong Kong, about 20 people staged a rally in solidarity with the Black Lives Matter movement on Sunday outside the US consulate in the semi-autonomous Chinese city.

"It's a global issue," Quinland Anderson, a 28-year-old British citizen living in Hong Kong, told The Associated Press news agency.

"We have to remind ourselves despite all we see going on in the US and in the other parts of the world, Black lives do indeed matter."

Several dozen demonstrators took part in a Black Lives Matter protest held in Tel Aviv's central Rabin Square.

A rally in Rome's sprawling People's Square was noisy but peaceful, with the majority of protesters wearing masks to protect against coronavirus. Participants listened to speeches and held up handmade placards saying "Black Lives Matter" and "It's a White Problem".

In Spain, several thousand people gathered on the streets of Barcelona and at the US embassy in Madrid.

Many in Madrid carried homemade signs reading "Black Lives Matter", "Human rights for all" and "Silence is pro-racist".

"We are not only doing this for our brother George Floyd," said Thimbo Samb, a spokesman for the group that organised the events in Spain mainly through social media. "Here in Europe, in Spain, where we live, we work, we sleep and pay taxes, we also suffer racism."

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News Network
July 4,2020

Maryland, Jul 4: The total number of coronavirus cases worldwide has touched 11 million, according to the latest data by the Johns Hopkins University on Saturday.
More than 523,613 people have died globally due to the infection, according to the data compiled by the university.

Though the virus is believed to have emerged from the Chinese city of Wuhan, the United States is the worst-hit country from COVID-19, which was declared as a pandemic by the WHO on March 11.

At least 129,275 people have died in the US from the coronavirus, according to Johns Hopkins University's latest tally.
There are at least 2,786,178 cases of the disease in the country. The US has the highest number of cases in the world.

The second worst-hit country is Brazil, which has reported 1,496,858 lakh cases. The country's death toll stands at 61,884.

The countries around the world including the US, India, Denmark, and Italy have started the process of lifting the lockdown by easing restrictions despite the number of cases continues to rise.

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