Monthly Archives: April 2012

New Obama slogan has long ties to Marxism, socialism

Monday, April 30, 2012
Posted by Steve Manning at 9:44 PM

The Obama campaign apparently didn’t look backwards into history when selecting its new campaign slogan, “Forward” — a word with a long and rich association with European Marxism.

Many Communist and radical publications and entities throughout the 19th and 20th centuries had the name “Forward!” or its foreign cognates. Wikipedia has an entire section called “Forward (generic name of socialist publications).”

“The name Forward carries a special meaning in socialist political terminology. It has been frequently used as a name for socialist, communist and other left-wing newspapers and publications,” the online encyclopedia explains.

The slogan “Forward!” reflected the conviction of European Marxists and radicals that their movements reflected the march of history, which would move forward past capitalism and into socialism and communism.

The Obama campaign released its new campaign slogan Monday in a 7-minute video. The title card has simply the word “Forward” with the “O” having the familiar Obama logo from 2008. It will be played at rallies this weekend that mark the Obama re-election campaign’s official beginning.

Source

Strong Demand for UDW Drillships Spurs Seadrill to Order One More from SHI (South Korea)

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Seadrill continues to see strong demand for modern ultra-deepwater (UDW) drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West Africa and the Americas, demonstrate a trend towards higher day rates and longer term contracts.

With yard costs at very attractive levels and Seadrill’s proven track record with respect to successful new build construction the Company today announced the order of a sixth drillship from Samsung Heavy Industries (SHI) with delivery in the second quarter of 2014. The expected total project cost is less than USD600 million, in line with the 5 units under construction and with delivery in 2013 and 2014. The yard contract was originally between a party related to Seadrill’s major shareholder Hemen Holding and Samsung, as part of a larger shipyard deal, but Seadrill has been given the right to take over the contract at original terms.

Seadrill’s current new build program now includes 17 units: 6 ultra deep-water drillships, 1 harsh environment semi submersible, 5 tender rigs and 5 jack ups, all to be delivered in the period from Q4 2012 to Q1 2015. In addition, Seadrill has received a fixed price option for a further ultra deep-water drillship. The six drillships under construction are of the same design and will have a hook load capability of 1,250 tons and a water depth capacity of up to 12,000 feet targeting operations in areas such as the Gulf of Mexico, Brazil and West and East Africa. Also, these units will be outfitted with seven ram configuration of the Blow out Preventer (BOP) stack and with storing and handling capacity for a second BOP.

CEO of Seadrill Alf Thorkildsen says:

“With the available capacity in 2013 and 2014 Seadrill is uniquely positioned among its peers to take advantage of strong demand for drilling services with high dayrates and longer charter contracts. We will continue to aggressively build Seadrill’s earnings and further expansion of the building program is expected in the months to come. Together, these developments provide for continued value creation and an increased dividend capacity.”

Source

USA: Technip Wins FEED Contract for Mad Dog Phase 2 Project

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Technip was awarded a front end engineering design (FEED) contract by BP Exploration & Production Inc. This contract covers the design of a Spar hull and mooring systems for the Mad Dog Phase 2 Project, located near Green Canyon Block 825 in the Gulf of Mexico.

This first award comes under the framework of the 10-year Spar platform master services agreement signed in 2011.

The Mad Dog Phase 2 Spar will be located near the first Mad Dog Spar delivered by Technip for BP in 2004, and installed on Green Canyon 782. Detailed engineering for the new Spar is scheduled to start during the second half of 2012.

Technip’s operating center in Houston, Texas, will execute the contract with support from the center in Pori, Finland.

Source

Three Years With No Budget: What, Me Worry?

Today Marks Three Years Since The Senate Passed A Budget; For A President Who Refuses To Lead, That’s Not A Big Deal

THE DEMOCRAT-CONTROLLED SENATE LAST PASSED A BUDGET THREE YEARS AGO TODAY AND IS ACTIVELY FIGHTING AGAINST PASSING ANOTHER

The Senate Last Passed A Budget Three Years, 1,097 Days Ago. (S. Con. Res. 13, Roll Call 173; D 53-3, R 0-40, I 2-0, 4/29/09)

“In A Stunning Backtrack,” Sen. Kent Conrad (D-ND) Canceled A Scheduled Vote On A FY2013 Budget Bill. “In a stunning backtrack that virtually guarantees Congress for the third year will be unable to produce a budget, Senate Democrats’ top budget writer Tuesday canceled this week’s expected votes on a 2013 fiscal blueprint.” (Stephen Dinan, “Democrats Punt On Senate Budget Bill For 3rd Year,” The Washington Times, 4/17/12)

  • Conrad “Bowed To Pressure From Fellow Democrats” And Postponed Considering A Budget Until After The Election.Senate Budget Committee Chairman Kent Conrad (D-N.D.) bowed to pressure from fellow Democrats on Tuesday and postponed a committee vote on a 2013 budget resolution, most likely until after the November elections.” (Erik Wasson, “Sen. Conrad Backs Off Plan to Vote On Budget,” The Hill, 4/17/12)
  • It Was A “Surprise” To Democrat Leaders That He Wanted To Pass A Budget At All. “So it was a surprise to Democratic leaders when Conrad indicated in a Fox News interview April 8 that he wanted to mark up a 10-year plan to guide the lame-duck session after the elections when major decisions such as expiring taxes will need to be addressed.” (Humberto Sanchez, “Conrad Budget Plan Puzzling,” Roll Call, 4/16/12)

THE WHITE HOUSE HAS “NO OPINION” ON WHETHER DEMS SHOULD PASS A BUDGET AND NO PLANS TO PROPOSE A BUDGET THAT CONTROLS OUR DEBT

White House Press Secretary Jay Carney Says The White House Has “No Opinion” On Whether The Senate Should Pass A Budget. ABC NEWS’ JAKE TAPPER:The White House has no opinion about whether or not the Senate should pass a budget? The president’s going to introduce one. The Fed chair says not having one is bad for growth. But the White House has no opinion about whether – ” JAY CARNEY:I have no opinion — the White House has no opinion on Chairman Bernanke’s assessment of how the Senate ought to do its business.” (White House Press Briefing, 2/8/12)

President Obama “Has Been All-Too-Willing To Avoid Making Tough Decisions.” “One of President Obama’s political weaknesses in his first term has been that he’s all-too-willing to avoid making tough decisions, hesitant to expend political capital for potential long-term gain.  Throughout his first term in office, he’s had a cautious governing style, and has avoided taking on some of his party’s core constituencies.” (Josh Kraushaar, “Obama Trying To Have It Both Ways,” National Journal, 11/30/11)

  • Treasury Secretary Tim Geithner Admitted That The Administration Doesn’t Have A Plan, But “We Don’t Like Yours.” GEITHNER: “What our budget does is get our deficits down to a sustainable path over the budget window. Why do they take off again? Why do they do that?” REP. PAUL RYAN: “Because we got 10,000 people retiring every day, and healthcare costs going up…” GEITHNER: “That’s right. We have millions of Americans retiring every day, and that will drive substantially the rate of growth of healthcare costs. You are right to say we’re not coming before you today to say we have a definitive solution to that long-term problem. What we do know is, we don’t like yours.” (Committee On The Budget, U.S. House Of Representatives, 2/16/12)

According To CBO, The Massive Deficits Produced By Obama’s FY2013 Budget Will Reduce Economic Output. “The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses. After five years, the CBO says, the Obama proposals would reduce economic output by between 0.5 percent and 2.2 percent.” (Erik Wasson, “CBO Estimates Obama 2013 Budget Will Hit Economic Growth,” The Hill’s “On The Money,” 4/20/12)

Obama’s FY2013 Budget Increases The Deficit More Than His FY2012 Budget And Will “Have A More Negative Long-Run Effect.” “The effects of the 2013 budget differ from those of the preceding budget in four main ways. In particular, the proposals for 2013 would do the following: Increase deficits by a greater amount, largely because of a greater increase in spending compared with that in CBO’s baseline. Those larger deficits would provide a bigger short-run boost to output but then have a more negative long-run effect.” (“The Economic Impact Of The President’s 2013 Budget,” Congressional Budget Office, 4/20/12)

“Larger Deficits Caused By The Budget Would Cause The Government To Issue More Bonds, Sucking Up Private Capital To Finance Its Debts And Thereby Reducing The Funds Businesses Could Use To Expand And Hire, The CBO Said.” “Larger deficits caused by the budget would cause the government to issue more bonds, sucking up private capital to finance its debts and thereby reducing the funds businesses could use to expand and hire, the CBO said. An increased tax on capital gains included in the president’s plan would also tend to reduce private capital, it says.” (Erik Wasson, “CBO Estimates Obama 2013 Budget Will Hit Economic Growth,” The Hill’s “On The Money,” 4/20/12)

  • “Slower Economic Growth Tends To Increase Deficits By Reducing Tax Collection And Increasing Spending On Items Like Unemployment Insurance.” (Erik Wasson, “CBO Estimates Obama 2013 Budget Will Hit Economic Growth,” The Hill’s “On The Money,” 4/20/12)
Read more:

Three Years With No Budget: What, Me Worry? | RNC: Republican National Committee | GOP.

‘US imposed media ban on Balikatan to avoid riling China’

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By Redempto D. Anda
Inquirer Southern Luzon
12:37 am | Sunday, April 29th, 2012

PUERTO PRINCESA CITY—The American side in the just-concluded Balikatan 2012 joint military exercise changed rules unilaterally and imposed a media blackout on major live-fire exercises between the Philippines and United States military.

Live fire exercises were held at Crow Valley in Tarlac and at El Nido in Palawan.

The United States, according to a Philippine military source, made “several changes in the program of activities” apparently to avoid irritating China amid the standoff in the Scarborough Shoal that started on April 10.

“They made many changes to the plans and disallowed media coverage for Crow Valley and El Nido,” said the source, who asked not to be identified for lack of authority to speak on the matter.

The Crow Valley maneuvers, held on April 26, involved live-fire air and ground maneuvers and should have been open to media coverage as in past exercises, while the oil-rig takeover drill, which took place on April 20, was the first time such a scenario was introduced, a scenario which anticipated a counterattack on an oil facility taken over by hostile forces in the West Philippine Sea (South China Sea).

“When the Scarborough standoff happened, they (US Forces) suddenly became very cautious about how media was going to play up those stories.

“Ingat na ingat sila (They were very careful) and they wanted to forgo some of the activities,” the source said.

Western Command spokesperson Maj. Neil Estrella, contacted by phone Saturday, was asked if the El Nido oil-rig takeover exercise was supposed to be open to media coverage. He said the decision to make it off limits was “reached by both sides.”

“There were several considerations why it was not made open to the media. One was safety,” Estrella said.

The source, however, insisted that it was the American side that decided “unilaterally” that the media could not cover the oil-rig event.

“It was obvious the Americans did not want the military maneuvers to hog the limelight as the Philippines and China were in a standoff at Scarborough,” the source said.

Source

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