Round 2 goes to Obama; slams Romney's outsourcing plans

October 17, 2012

obama-romney-debate-round

Washington, October 17: A decidedly more aggressive President Barack Obama went on the offensive right from the word go as he clashed with Republican challenger Mitt Romney over their conflicting visions in their second encounter.

Romney, who by all accounts bested the president in their first encounter two weeks ago to put his campaign on an upswing, in turn used Tuesday night's pivotal second encounter at Hofstra University in Long Island, New York, to recount a litany of Obama's own failings as president.outs

Meeting just three weeks before the Nov 6 presidential poll, the two contenders went at each other often on topics ranging from the economy, taxes and outsourcing to energy, women's rights and immigration in a tension filled exchange.

Coming into his own, Obama did not disappoint his supporters and aides who wanted him to put in a "stronger, more assertive performance" at the second debate after his admittedly bad night at Denver to hand over to his rival an advantage that he had enjoyed for weeks.

Debate watchers were divided on who won Tuesday night's debate with 46 percent in a CNN/ORC International survey saying Obama won the debate, while 39 percent said Romney fared better. The seven-point margin falls within the poll's sampling error.

As many as 73 percent said Obama did better than expected, compared to 37 percent who said the same about Romney.

The results offer a stark contrast from the first presidential showdown Oct 3, when 67 percent of debate watchers said Romney fared better while 25 percent said Obama won the debate.

But how far his aggressive performance would help Obama get back into the game is yet to be seen with most media reports describing the race for the White House as either a virtual tie or Obama's to lose.

A National Poll Average by Real Clear Politics, an influential political news aggregator, show Romney just 0.4 percentage points ahead with 47.4 percent to Obama's 47 percent.

But Obama still enjoys 201 to 191 vote advantage over Romney with 146 votes too close to call in the 538 strong Electoral College. It takes 270 votes to win the White House.

During the town hall format debate, where 82 uncommitted voters picked by Gallup

Organization got to ask the questions, Obama mocked Romney's five-point economic plan saying: "Governor Romney says he's got a five-point plan. Governor Romney doesn't have a five-point plan."

"He has a one-point plan. And that plan is to make sure that folks at the top play by a different set of rules," he said. "That's been his philosophy in the private sector. That's been his philosophy as a governor. And that's been his philosophy as a presidential candidate."

Romney shot back that Obama was "great as a speaker, but his policies don't work."

"That's what this election is all about," Romney said, saying he would prioritise middle class growth. "It's about how we can get the middle class of this country a bright and prosperous future."

The two also clashed over the Sep 11 terrorist attack on the US consulate in Benghazi, Libya that killed four Americans, with Romney suggesting the Obama administration played politics by failing to immediately acknowledge what happened.

Obama shot back that the suggestion anyone in his administration would play politics on such an issue was "offensive". When Obama said he called it a terrorist attack the very next day, Romney challenged him, and Obama responded "check the transcript".

Moderator Candy Crowley, the CNN chief political correspondent, cut in to say both men were right -- Obama called it a terrorist attack when he said he did, but the administration took longer to fully explain what occurred.



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Agencies
June 28,2020

Paris, Jun 28: More than 10 million cases of the new coronavirus have been officially declared around the world, half of them in Europe and the United States, according to an AFP tally on Sunday based on official sources.

At least 10,003,942 infections, including 498,779 deaths, have been registered globally.

Europe remains the hardest hit continent with 2,637,546 cases including 195,975 fatalities, while the United States has 2,510,323 infections including 125,539 deaths.

The rate of infections worldwide continues to rise, with one million new cases recorded in just six days.

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only symptomatic or the most serious cases and some do not have the capacity to carry out widescale testing.

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Agencies
February 12,2020

London, Feb 12: Fugitive liquor baron Vijay Mallya returned to the courtroom here on Wednesday, the second day of hearing at the UK High Court, where the former billionaire has appealed against the extradition decision of Westminster Magistrates Court in December 2018.

On being asked about his expectations from the lengthy appeals process against the extradition order as today is the last day for Mallya to present his defence, the embattled former Kingfisher Airlines boss replied, "I have no clue. You see. I'll also see it. Let's not get into a speculative game."

When asked on what would happen if Mallya loses the case and has to return to India, the liquor baron responded: "We do have arguments."

The UK High Court, on Tuesday, had also heard Mallya's appeal against the Westminster Magistrates' Court order extraditing him to India to face alleged fraud and money laundering charges amounting to Rs 9,000 crore.

Mallya was present in the court along with his counsel Clare Montgomery during the hearing. Officials from Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) along with counsel Mark Summers representing the Indian government were also present.

When the judge asked if there was a timeline in the case, Clare said," This is a very dense case," involving multiple individuals and organisations and that not everything had been taken into account by the magistrate Emma Arbuthnot in her ruling against Mallya.

Montgomery contended that the magistrate's ruling had been riddled with "multiple errors". She also brought into question the admissibility of documents submitted by the Indian government - including witness statements and emails that proved crucial in the ruling by judge Arbuthnot, who found "clear evidence of misapplication of loan funds" and that there was a prima facie case of fraud against Mallya.

As she had done throughout the trial, Montgomery continued to assert that Mallya had not acted in a fraudulent manner or run a pyramid and that the collapse of Kingfisher Airlines was, in fact, the failure of a business in difficult economic circumstances.

She also reiterated concerns about the conduct of the Central Bureau of Investigation (CBI) in bringing charges against Mallya, claiming that the tycoon had been made a scapegoat.

Montgomery also stated that the Indian government had presented the loan taken out by Kingfisher Airlines, not as a simple business loan but was part of a larger and elaborate attempt at defrauding the banks by Mallya and Kingfisher Airlines management.

This, Montgomery contended, was but one example of a wider misinterpretation of the case by judge Arbuthnot.

The High Court justices reprimanded Montgomery for concentrating on the evidence - in essence rehashing the case presented at the lower court - rather than the apparent "mistakes" made by judge Arbuthnot in her ruling.

Mallya remains on bail of £650,000 as he has done throughout this legal process.

The Crown Prosecution Service which is representing the Government of India will present its case for the extradition of Mallya on Wednesday.

The 63-year-old businessman fled India in March 2016 and has been living in the UK since then.

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News Network
May 6,2020

Singapore, May 6: Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April.

US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel.

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time.

They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.

But gains were capped Wednesday as dealers follow a brewing US-China row after Donald Trump hit out at Beijing over its handling of the outbreak, saying it began in a Wuhan lab, but so far offering no evidence.

"Traders are incredibly cautious this morning, weighing all the possible China responses," said Stephen Innes, chief global market strategist at AxiCorp.

"And the one that would hurt the most would be for China to reduce imports of US oil."

This week's rally was in part driven by a deal agreed between top producers to reduce output by almost 10 million barrels a day, which came into effect on May 1.

There have also been signs that the massive oversupply in the market is starting to ease as demand slowly comes back.

Energy data provider Genscape said earlier this week that stockpiles at the main US oil depot in Cushing, Oklahoma had increased by only 1.8 million barrels last week following weeks of major rises.

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