Tuesday, February 3, 2015

PRESIDENT OBAMA'S STATEMENT ON LT. MOAZ AL-KASASBEH'S EXECUTION BY ISIL

FROM:  THE WHITE HOUSE 
February 03, 2015
Statement by the President on the Death of First Lieutenant Moaz al-Kasasbeh

Today, we join the people of Jordan in grieving the loss of one of their own, First Lieutenant Moaz al-Kasasbeh, cruelly and brutally killed by ISIL terrorists.  On behalf of the American people, I offer my deepest condolences to Lieutenant al-Kasasbeh’s family and loved ones, to the brave men and women of the Jordan Armed Forces, and to King Abdullah II and the people of Jordan.

Lieutenant al-Kasasbeh will forever personify the bravery of a true son of Jordan, one who honored his family and country by his seven years of military service.  Along with his compatriots and other Arab and international members of the coalition, Lieutenant al-Kasasbeh was in the vanguard of the effort to degrade and defeat the threat posed by ISIL.

Lieutenant al-Kasasbeh’s dedication, courage, and service to his country and family represent universal human values that stand in opposition to the cowardice and depravity of ISIL, which has been so broadly rejected around the globe.  As we grieve together, we must stand united, respectful of his sacrifice to defeat this scourge.  Today, the coalition fights for everyone who has suffered from ISIL’s inhumanity.  It is their memory that invests us and our coalition partners with the undeterred resolve to see ISIL and its hateful ideology banished to the recesses of history.

Senior Administration Officials Discuss the FY2016 Budget

NASA VIDEO: ADMINISTRATOR DISCUSSES THE STATE OF NASA

SAMANTHA POWER'S REMARKS ON CAREER OF MARTEN GRUNDITZ

FROM:  THE STATE DEPARTMENT 
Samantha Power
U.S. Permanent Representative to the United Nations 
New York, NY
February 2, 2015
AS DELIVERED

Marten Grunditz’s career as a diplomat spanned more than four decades. He was first posted as an attaché to the Swedish Mission in Moscow in 1973, when it was still part of the Soviet Union. He went on to serve in Beijing, Washington, London, Geneva, Athens, and, of course, here in New York. He was a dexterous and deep diplomat.

Here at the UN, Ambassador Grunditz led the joint Executive Board of UNDP, UNFPA and UNOPS, where he pressed for far-reaching reforms, such as the public disclosure of internal audits. He also chaired the Liberia Configuration of the Peacebuilding Commission, sounding the alarm bell early and ardently for the international community to respond to the spreading Ebola outbreak. He was also determined to ensure that Liberia and its neighbors were built back better – so what has befallen the people of that region never happens again.

Among the first impressions many of us had upon meeting Marten was his sheer physical presence. He towered above virtually all of us. But the Ambassador’s personality and the way he treated people had the opposite effect: it made him accessible; it brought him close. And this was not only the case for fellow ambassadors, but for everyone he interacted with – from the most junior intern to the most senior advisor, as well as to people of all walks and ranks at UN agencies and other missions.

A ranking diplomat on his staff who worked with Ambassador Grunditz for years observed that – when he chaired meetings during his time at the head of the joint Executive Board – he always made a point of thanking every secretary and member of the support staff who had helped organize the event. As this diplomat described it, Marten Grunditz had, “an ability to recognize people.” An ability to recognize people.

Ambassador Grunditz also knew how to listen. In diplomatic settings that can too often feel automated, he would actually stop and pay attention to people’s opinions and arguments. He would engage you, ask questions, probe. He treated everybody as if he had something to learn from them.

These qualities not only made the Ambassador an exceptional human being, but also, of course, an exceptional diplomat. Knowing how to recognize people, and how to listen to them, defined the way he interacted with individuals at his postings around the world, with people in this General Assembly hall, at the negotiating table, and in leadership positions at the UN.

And these qualities also defined what the Ambassador believed in. A person who sees people as they are, and knows how to hear them, is a natural humanitarian and a natural defender of human rights – as Ambassador Grunditz certainly was, believing to his core that no individual should be treated differently because she is a woman, because of who he or she loves, because of how he or she prays, or because of where she is born.

It is also these qualities that made Marten such a wonderful mentor to his staff. The respect with which he treated people at the Swedish Mission and in previous postings bred a deep loyalty and dedication in those who served under him. It is why, when the Swedish Mission put out a sign-up sheet for staffers to stand by his condolence book and receive visitors, the sheet filled up immediately, and multiple staffers showed up for each shift. It was their way of performing a final service to a man who had taught them so much, and to stand in his honor.

I witnessed that dedication the day Marten passed away. After a meeting hosted by the Swedish Foreign Minister Wallström, a young Swedish diplomat walked me to the elevator, her eyes filled up with tears and she said, “We can’t believe it…He was such a good man.” How right she was. And how shaped she will be, always, by the time that she got to watch him in action, and learn from him.

Ambassador Marten Grunditz gave nearly his entire professional career to the Swedish Foreign Service. It gave him back not only a chance to defend his values and serve his nation, but also led him to his life partner, Maine – who he met decades ago in the diplomatic corps – and who is here with us today. Along with one of the Ambassador’s two children, Genny.

As all of us in this line of work know diplomacy is not a solo occupation; our families serve with us; they weather the excessive hours and the stresses, and they sustain us. As Ambassador Grunditz’s career spanned decades, so did his family’s service alongside him. For that, we are so grateful to you – Maine, and to you, Genny, and of course to your son, Henrik, as well – and we hope that the immeasurable loss you must feel is softened ever so slightly by seeing the tremendous contribution Marten made to his country, to the United Nations, to the causes he believed in, and to all of us – who learned so much from his towering example. Thank you.

VICE CHAIRMAN JOINT CHIEFS SAYS NO MORE MONEY IN BUDGET FOR RISK

FROM:  U.S. DEFENSE DEPARTMENT 
No Room for More Risk in Defense Budget, Winnefeld Says
By Jim Garamone
DoD News, Defense Media Activity

WASHINGTON, Feb. 2, 2015 – While the president’s Fiscal 2016 Budget Request funds the defense strategy, the department has been assuming risk since sequestration, and there is no more room in the budget for risk, Navy Adm. James Winnefeld said here today.

The vice chairman of the Joint Chiefs of Staff said the department is at “the manageable edge of risk” with the 2016 budget.

The Defense Department request – $534 billion in the base budget – breaks the sequestration cap of $498 billion set under the Budget Control Act of 2011.
Reversing Budget Declines

In the opinion of the nation’s military leaders, this is needed. “Fiscal Year 2016 reverses the decline in national defense spending of the past five years,” said Army Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, in a written statement on the budget. “The proposed budget helps ensure we can manage risk and meet near-term defense needs while preparing for the future.”
But it is not all brightness and light, the chairman said. “It represents the minimum resource level necessary to remain a capable, ready and appropriately sized force able to meet our global commitments,” he said.

Winnefeld said those crafting the plan hit the hard budget “trifecta” -- citing declining resources, constraints on DoD flexibility and uncertainty over future resources.

“No budget is perfect, but we believe we’ve assembled the best possible combination of capability, capacity and readiness investments that we need to protect our nation and our national security interests,” he said. “We also believe it meets the current and future needs of the all- volunteer force that has served us so well and that represents our most asymmetric advantage in this world.”
Buying Back Risk

It’s time for the department to buy back the risk incurred when the Budget Control Act kicked in in 2013. The 2016 budget provides the resources needed to execute the defense strategy, “but we have little margin left for error or strategic surprise,” the admiral said.

For the past few years, the military has accepted greater risk than normal to execute the strategy with fewer resources. “We believe there's no room left on that end of the balance,” he said. “So, our best military advice is that any decrease below the (president’s fiscal 2016 budget) … will require adjustments to our defense strategy to restore balance. It doesn't mean the strategy completely breaks, but we will have to make adjustments to that strategy if we're going to stay in balance.”

If the funding and flexibility is not forthcoming, “it will mean reduced American leadership and freedom of action, and that’s, of course, an option, but not one that I think most of us would prefer,” he said.

SECRETARY KERRY, QATARI FOREIGN MINISTER MAKE REMARKS AFTER MEETING

FROM:  THE STATE DEPARTMENT 
02/02/2015 01:34 PM EST
Remarks With Qatari Foreign Minister Khalid al-Attiyah After Their Meeting
Remarks
John Kerry
Secretary of State
Treaty Room
Washington, DC
February 2, 2015

SECRETARY KERRY: Good afternoon. My very real pleasure to welcome Dr. Khalid al-Attiyah, the foreign minister of Qatar, here and my friend. We have worked very, very hard together on any number of issues, and I appreciate the many ways in which Qatar, the emir, and Dr. Attiyah have made themselves available in order to be of assistance. Most recently, they were particularly helpful with respect to Yemen and our efforts in the last few days to deal with some of the adjustments necessary to what has been happening there, and we’re grateful for that help.

We also find in Qatar a very strong partner in the anti-Daesh coalition, and we’re grateful for the role they have played. They are flying missions. They are engaged in helping with the foreign fighters effort, the counter-financing, the problem of messaging, the de-legitimization. So in every respect – we just had a meeting in London – they are a significant contributing partner to that effort.

We also have important growing both economic and cultural links and ties, which we look forward to talking about today and, obviously, expanding. But as a member of the GCC and an important partner with respect to the entire Middle East region, we’re grateful for the help that Qatar has been willing to provide. And I look forward to discussing some very difficult regional issues that we are currently working on together, and we obviously look forward to always strengthening not just our relationship but the ability of the region to live in peace and stability.

So Khalid, thank you for being here today.

FOREIGN MINISTER AL-ATTIYAH: Thank you, John, and good afternoon, everybody. I’m really happy to be here today, John, as most of the things as you have touched on, and it’s a good opportunity that we meet today and discuss all our bilateral and update each other on the situation of the region and exchange our ideas and thoughts, and I hope that we can have a fruitful meeting as usual, John, touching on the hot issue of the region as well.

Thank you, everybody, again. Thank you very much.

SECRETARY KERRY: Looking forward to it. Thank you all very much, appreciate it. Thank you.

SECRETARY KERRY ON THE CURRENT THREAT TO THE MEKONG

FROM:  THE STATE DEPARTMENT  
From a Swift Boat to a Sustainable Mekong
Op-Ed
John Kerry
Secretary of State
Foreign Policy
February 2, 2015

More than four decades ago, as a young lieutenant in the “brown-water Navy,” my crew and I journeyed down the Mekong River on an American gunboat. Even with the war all around us, in quiet moments we couldn’t help but be struck by the beauty and the power of the river — the water buffalo, the seafood we traded for with local fishermen, the mangrove on the sides of the river and inlets.

Long ago, those waterways of war became waters of peace and commerce — the United States and Vietnam are in the 20th year of a flourishing relationship.

Today, the Mekong faces a new and very different danger — one that threatens the livelihoods of tens of millions and symbolizes the risk climate change poses to the entire planet. Unsustainable growth and development along the full reach of the river are endangering its long-term health and the region’s prosperity.

From the deck of our swift boat in 1968 and 1969, we could see that the fertile Mekong was essential to the way of life and economy of the communities along its banks. In my many visits to the region since then as a senator and secretary of state, I’ve watched the United States and the countries of Southeast Asia work hand in hand to pursue development in a way that boosts local economies and sustains the environment.

Despite those efforts, the Mekong is under threat. All along its 2,700 miles, the growing demand for energy, food, and water is damaging the ecosystem and jeopardizing the livelihoods of 240 million people. Unsustainable development and the rapid pace of hydropower development are undermining the food and water needs of the hundreds of millions of people who depend on the river.

What’s at stake? In Cambodia, the Mekong supports the rich biodiversity of a watershed that provides more than 60 percent of the country’s protein. In Vietnam, it irrigates the country’s “rice bowl” that feeds the fast-growing economy. Throughout the region, the river is a vital artery for transportation, agriculture, and electricity generation.

The Mekong rivals the Amazon for biodiversity. Giant Mekong catfish and the Irrawaddy dolphin are unique to the river, and scientists are constantly identifying new species of animals and plants across the delta. Some of these newly discovered species could one day hold the promise of new lifesaving drugs.

The challenge is clear: The entire Mekong region must implement a broad strategy that makes sure future growth does not come at the expense of clean air, clean water, and a healthy ecosystem. Pulling off this essential task will show the world of what is possible.

The fate of this region will also have an impact on people living far beyond it. For instance, U.S. trade with the Mekong region increased by 40 percent from 2008 to 2014. This trend has meant more jobs for Americans and continued economic growth for countries across Southeast Asia.

Meeting this challenge requires that we work with these countries to address very real development needs even as we work to sustain the environment. This requires good data for proper analysis and planning, smart investments, strong leaders, and effective institutions to manage the Mekong’s riches for the benefit of everyone in the region.

To that end, we joined with Cambodia, Laos, Myanmar, Thailand, and Vietnam, to launch the Lower Mekong Initiative. Its goal is to create a shared vision of growth and opportunity that recognizes the river’s role as an economic engine and respects its place in the environment.

That is why this week (Feb. 2 and 3) the United States and the government of Laos are co-hosting a major meeting of senior officials from the five lower Mekong countries, the United States, and the European Union in Pakse, Laos, where the Mekong and Xe Don rivers meet. They will be joined by representatives of the private sector and donors like the Asian Development Bank to work on a blueprint for a sustainable future.

At the meeting, we will launch the Sustainable Mekong Energy Initiative, a plan to encourage the countries of the region to develop programs that will redirect their investments to innovations in renewable energy and other sources that do not harm the environment.

This is not a question of dictating the path of development in these countries. Rather, it is about the United States and other countries working alongside our partner nations to establish a consistent set of investment and development guidelines that ensure long-term environmental health and economic vitality all along the river’s path.

This partnership is an essential part of the broader effort by President Barack Obama and the entire administration to support the people of the Asia-Pacific region, and a further sign of our commitment to helping these vibrant economies and emerging democracies.

For Americans and Southeast Asians of my generation, the Mekong River was once a symbol of conflict. But today it can be a symbol of sustainable growth and good stewardship.

JUDGEMENT OBTAINED JUDGEMENT AGAINST VIDEO GAME COMPANY CEO

FROM:  U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23181 / January 29, 2015

Securities and Exchange Commission v. Troy Lyndon and Ronald Zaucha, Civil Action No. CV13 00486 SOM KSC (D. Haw.)

SEC Obtains Final Judgments against CEO of Video Game Company and Purported Consultant in Revenue Inflation Scheme

On January 22, 2015, the district court for the District of Hawaii entered a final judgment against Defendant Ronald Zaucha, holding him liable for over $2.6 million in disgorgement, interest and penalties after granting the SEC's motion for summary judgment. Zaucha was also permanently enjoined from violating the antifraud and securities registration provisions of the federal securities laws, and permanently prohibited from participating in any offering of penny stock.

Previously, on August 21, 2014, the district court entered a final judgment against Defendant Troy Lyndon, holding him liable for over $3.6 million in disgorgement, interest and penalties after granting the SEC's motion for summary judgment as to monetary relief. Lyndon had previously consented to entry of a permanent injunction prohibiting future violations of the antifraud, securities registration, issuer reporting, books and records, internal controls, lying to auditors and false certification provisions of the federal securities laws; an order permanently barring him from acting as an officer or director of a public company; and an order permanently prohibiting him from participating in any offering of penny stock, without admitting or denying the SEC's allegations.

On September 24, 2013, the SEC had charged Lyndon, the founder of a religious-themed video game manufacturer, Left Behind Games, Inc. ("LBG"), and his friend Zaucha with scheming to falsely inflate the company's revenue by nearly 1,300 percent in the one-year period ended March 31, 2011 through sham circular transactions.

The SEC alleged that Lyndon, who served as the company's CEO and CFO, caused LBG to issue almost two billion shares of stock to Zaucha as purported compensation for consulting services to the California-based company. In fact, Zaucha provided few, if any, consulting services. Rather, the true purpose of the arrangement was to enable Zaucha to sell millions of unregistered LBG shares of stock into the market and then kick back a portion of his stock proceeds to the company in order to prop up its revenue at a time when it was in dire need of additional funds. The company's stock was suspended by the SEC when the SEC filed its complaint against Lyndon and Zaucha, and the registration of LBG's stock was revoked by the SEC on February 24, 2014.

CFTC ORDERS MAN AND COMPANY TO PAY $9.6 MILLION FOR ROLES IN PRECIOUS METALS FRAUD

FROM:  COMMODITY FUTURES TRADING COMMISSION 
January 26, 2015
CFTC Orders Florida Resident Anthony Lauria and His Company Gold Coast Bullion, Inc. to Pay More than $9.6 Million in Restitution and a Civil Monetary Penalty in Off-Exchange Precious Metals Fraud

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Anthony Lauria and his company, Gold Coast Bullion, Inc. (GCB), operating out of Fort Lauderdale, Florida, for engaging in illegal, off-exchange precious metals transactions, for committing fraud in connection with those illegal transactions, and for operating GCB as an unregistered Futures Commission Merchant (FCM).

The CFTC Order requires Lauria and GCB jointly to pay restitution totaling $5,940,124.16 and a civil monetary penalty of $3.75 million. In addition, the Order imposes permanent registration and trading bans on Lauria and GCB.

The CFTC Order finds that, from at least January 2012 to February 2013, GCB was a telemarketing firm that solicited retail customers to engage in financed precious metals transactions. The Order further finds that Lauria solicited customers directly and supervised other telemarketers involved in solicitation.

When soliciting customers for financed precious metals transactions, Lauria and other GCB telemarketers represented that to purchase a certain quantity of metal, 1) the customer needed to deposit only a percentage of the total metal value, typically 25 percent, 2) that GCB would arrange for the customer to receive loan for the remaining 75 percent, and 3) that the customer would have to pay a finance charge on the loan, as well as a service charge, according to the Order.

As the Order finds, financed transactions in commodities with retail customers, like those in which GCB engaged, must be executed on or subject to the rules of an exchange approved by the CFTC, which GCB did not do. In addition, the Order finds that GCB accepted money from or extended credit to its customers to margin, guarantee, or secure trades when it was not registered with the CFTC as an FCM. Finally, the Order finds that GCB never actually delivered any precious metals in connection with these transactions, but received commissions and fees totaling more than $2.6 million.

According to the CFTC Order, GCB did not purchase or sell any physical metals, but instead contacted another company, AmeriFirst Management LLC (AML), to execute the customers’ buy or sell orders. The CFTC Order states that GCB then confirmed the execution of the transactions by issuing false trade confirmations to the customers. The CFTC Order further states that AML, for its part, also did not purchase or sell any physical metals in connection with these transactions. AML managed its own exposure on these transactions using derivatives in margin trading accounts with several entities, and made book entries which tracked the value of the customer’s account, according to the Order.

On July 30, 2013, the CFTC sued AML in federal court in Florida, charging it with engaging in illegal, off-exchange precious metals transactions, fraud, and other violations (see CFTC Press Release 6655-13). On July 24, 2014, the court entered a supplemental consent Order against AML and the three individual Defendants in that case requiring them to pay more than $25 million in restitution and $10 million in civil monetary penalties (see CFTC Press Release 6973-14).

The CFTC cautions victims that restitution orders may not result in the recovery of money lost because the wrongdoers may not have sufficient funds or assets. The CFTC will continue to fight vigorously for the protection of customers and to ensure the wrongdoers are held accountable.

CFTC Division of Enforcement staff members responsible for this action include Thaddeus Glotfelty, Judith McCorkle, Joseph Konizeski, Scott Williamson, and Rosemary Hollinger.

Monday, February 2, 2015

PRESIDENT OBAMA'S REMARKS ON THE FY2016 BUDGET

FROM:  THE WHITE HOUSE 
February 02, 2015
Remarks by the President on the FY2016 Budget
Department of Homeland Security
Washington, D.C.

11:27 A.M. EST

THE PRESIDENT:  Thank you so much.  (Applause.)  Thank you, everybody.  Please, have a seat.  Well, good morning, everybody.   It is good to be here at the Department of Homeland Security.  And let me thank Jeh Johnson not only for the outstanding job that’s he’s doing as Secretary of DHS, but also for a short introduction.  I like short introductions.  (Laughter.)  Give him a big round of applause.  (Applause.)

This is a great way to start the week, because I get to do something I enjoy doing, which is saying thank you.  Nobody works harder to keep America safe than the people who are gathered here today.  And you don’t get a lot of attention for it -- that’s the nature of the job.  But I know how vital you are, and I want to make that sure more Americans know how vital you are.  Because against just about every threat that we face -- from terrorist networks to microscopic viruses to cyber-attacks to weather disasters -- you guys are there.  You protect us from threats at home and abroad, by air and land and sea.  You safeguard our ports, you patrol our borders.  You inspect our chemical plants, screen travelers for Ebola, shield our computer networks, and help hunt down criminals around the world.  You have a busy agenda, a full plate.  And here at home, you are ready to respond to any emergency at a moment’s notice.

It is simply extraordinary how much the Department of Homeland Security does every single day to keep our nation, our people safe.  It’s a critical job, and you get it done without a lot of fanfare.  And I want to make sure that you have what you need to keep getting the job done.  Every American has an interest in making sure that the Department of Homeland Security has what it needs to achieve its mission -- because we are reliant on that mission every single day.

Now, today, I’m sending Congress a budget that will make sure you’ve got what you need to achieve your mission.  It gives you the resources you need to carry out your mission in a way that is smart and strategic, and makes the most of every dollar.  It’s also a broader blueprint for America’s success in this new global economy.  Because after a breakthrough year for America -- at a time when our economy is growing and our businesses are creating jobs at the fastest pace since the 1990s, and wages are starting to rise again -- we’ve got some fundamental choices to make about the kind of country we want to be.

Will we accept an economy where only a few of us do spectacularly well?  Or are we going to build an economy where everyone who works hard has a chance to get ahead?

And that was the focus of my State of the Union Address a couple weeks ago -- what I called middle-class economics.  The idea that this country does best when everybody gets a fair shot, and everybody is doing their fair share, and everybody plays by the same set of rules.

The budget that Congress now has in its hands is built on those values.  It helps working families’ paychecks go farther by treating things like paid sick leave and childcare as the economic priorities that they are.  It gives Americans of every age the chance to upgrade their skills so they can earn higher wages, and it includes my plan to make two years of community college free for responsible students.  It lets us keep building the world’s most attractive economy for high-wage jobs, with new investments in research, and infrastructure and manufacturing, as well as expanded access to faster Internet and new markets for goods made in America.

It’s also a budget that recognizes that our economy flourishes when America is safe and secure.  So it invests in our IT networks, to protect them from malicious actors.  It supports our troops and strengthens our border security.  And it gives us the resources to confront global challenges, from ISIL to Russian aggression.

Now, since I took office, we have cut our deficits by about two-thirds.  I’m going to repeat that, as I always do when I mention this fact, because the public oftentimes, if you ask them, thinks that the deficit has shot up.  Since I took office, we have cut our deficits by about two-thirds.  That’s the fastest period of sustained deficit reduction since after the demobilization at the end of World War II.  So we can afford to make these investments while remaining fiscally responsible.  And, in fact, we cannot afford -- we would be making a critical error if we avoided making these investments.  We can’t afford not to.  When the economy is doing well, we’re making investments when we’re growing.  That’s part of what keeps deficits low -- because the economy is doing well.  So we’ve just got to be smarter about how we pay for our priorities, and that’s what my budget does.

At the end of 2013, I signed a bipartisan budget agreement that helped us end some of the arbitrary cuts known in Washington-speak as “sequestration.”  And folks here at DHS know a little too much about sequestration -- (laughter) -- because many of you have to deal with those cuts, and it made it a lot harder for you to do your jobs.

The 2013 agreement to reverse some of those cuts helped to boost our economic growth.  Part of the reason why we grew faster last year was we were no longer being burdened by mindless across-the-board cuts, and we were being more strategic about how we handled our federal budget.  And now we need to take the next step.  So my budget will end sequestration and fully reverse the cuts to domestic priorities in 2016.  And it will match the investments that were made domestically, dollar for dollar, with increases in our defense funding.

And just last week, top military officials told Congress that if Congress does nothing to stop sequestration, there could be serious consequences for our national security, at a time when our military is stretched on a whole range of issues.  And that’s why I want to work with Congress to replace mindless austerity with smart investments that strengthen America.  And we can do so in a way that is fiscally responsible.

I'm not going to accept a budget that locks in sequestration going forward.  It would be bad for our security and bad for our growth.  I will not accept a budget that severs the vital link between our national security and our economic security.  I know there’s some on Capitol Hill who would say, well, we’d be willing to increase defense spending but we’re not going to increase investments in infrastructure, for example, or basic research.  Well, those two things go hand in hand.  If we don’t have a vital infrastructure, if we don’t have broadband lines across the country, if we don’t have a smart grid, all that makes us more vulnerable.  America can’t afford being shortsighted, and I'm not going to allow it.

The budget I’ve sent to Congress today is fully paid for, through a combination of smart spending cuts and tax reforms.  Let me give you an example.  Right now, our tax code is full of loopholes for special interests -- like the trust fund loophole that allows the wealthiest Americans to avoid paying taxes on their unearned income.  I think we should fix that and use the savings to cut taxes for middle-class families.  That would be good for our economy.

Now, I know there are Republicans who disagree with my approach.  And I’ve said this before:  If they have other ideas for how we can keep America safe, grow our economy, while helping middle-class families feel some sense of economic security, I welcome their ideas.  But their numbers have to add up.  And what we can’t do is play politics with folks’ economic security, or with our national security.  You, better than anybody, know what the stakes are.  The work you do hangs in the balance.

In just a few weeks from now, funding for Homeland Security will run out.  That’s not because of anything this department did, it’s because the Republicans in Congress who funded everything in government through September, except for this department.  And they’re now threatening to let Homeland Security funding expire because of their disagreeing with my actions to make our immigration system smarter, fairer and safer.

Now let’s be clear, I think we can have a reasonable debate about immigration.  I'm confident that what we’re doing is the right thing and the lawful thing.  I understand they may have some disagreements with me on that, although I should note that a large majority -- or a large percentage of Republicans agree that we need comprehensive immigration reform, and we’re prepared to act in the Senate and should have acted in the House.  But if they don’t agree with me, that’s fine, that’s how our democracy works.  You may have noticed they usually don’t agree with me.  But don’t jeopardize our national security over this disagreement.

As one Republican put it, if they let your funding run out, “it’s not the end of the world.”  That’s what they said.  Well, I guess literally that’s true; it may not be the end of the world.  But until they pass a funding bill, it is the end of a paycheck for tens of thousands of frontline workers who will continue to get -- to have to work without getting paid.  Over 40,000 Border Patrol and Customs agents.  Over 50,000 airport screeners.  Over 13,000 immigration officers.  Over 40,000 men and women in the Coast Guard.  These Americans aren’t just working to keep us safe, they have to take care of their own families.  The notion that they would get caught up in a disagreement around policy that has nothing to do with them makes no sense.

And if Republicans let Homeland Security funding expire, it’s the end to any new initiatives in the event that a new threat emerges.  It’s the end of grants to states and cities that improve local law enforcement and keep our communities safe.  The men and women of America’s homeland security apparatus do important work to protect us, and Republicans and Democrats in Congress should not be playing politics with that.

We need to fund the department, pure and simple.  We’ve got to put politics aside, pass a budget that funds our national security priorities at home and abroad, and gives middle-class families the security they need to get ahead in the new economy.  This is one of our most basic and most important responsibilities as a government.  So I’m calling on Congress to get this done.

Every day, we count on people like you to keep America secure.  And you are counting on us as well to uphold our end of the bargain.  You’re counting on us to make sure that you’ve got the resources to do your jobs safely and efficiently, and that you’re able to look after your families while you are out there working really hard to keep us safe.

We ask a lot of you.  The least we can do is have your backs.  That’s what I’m going to keep on doing for as long as I have the honor of serving as your President.  I have your back.  And I’m going to keep on fighting to make sure that you get the resources you deserve.  I’m going to keep fighting to make sure that every American has the chance not just to share in America’s success but to contribute to America’s success.  That’s what this budget is about.

It reflects our values in making sure that we are making the investments we need to keep America safe, to keep America growing, and to make sure that everybody is participating no matter what they look like, where they come from, no matter how they started in life, they’ve got a chance to get ahead in this great country of ours.  That’s what I believe.  That’s what you believe.  (Applause.)  Let’s get it done.

Thank you.  God bless you.  God bless the United States of America.  (Applause.)

END

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FTC ANNOUNCES DECEPTIVE AUTO LOAN CASES SETTLED

FROM:  U.S. FEDERAL TRADE COMMISSION 
In First FTC Cases Against Car Title Lenders, Companies Settle Charges They Deceptively Advertised the Cost of Their Loans
Businesses Failed to Disclose Qualifications for “Zero Percent” Loan Offers
FOR RELEASE
January 30, 2015

The Federal Trade Commission has taken action for the first time against two car title lenders, reaching settlements that will require them to stop their use of deceptive advertising to market title loans.

A car title loan is typically a high cost, short-term loan, secured with the consumer’s car title. In administrative complaints issued against two title lenders, First American Title Lending of Georgia, LLC, and Finance Select, Inc., the FTC charged that the companies advertised, both online and in print, zero percent interest rates for a 30-day car title loan without disclosing important loan conditions or the increased finance charge imposed after the introductory period ended.

“This type of loan is risky for consumers because if they fail to pay, they could lose their car – an asset many of them can’t live without,” said Jessica Rich, director, FTC’s Bureau of Consumer Protection. “Without proper disclosures, consumers can’t know what they’re getting, so when we see deceptive marketing of these loans we’re going to take action to stop it.”

While advertised as short-term loans, title loans can become longer-term, high cost installment loans with payments due over several months. The annual percentage rate of a car title loan can be over 300 percent. If a consumer does not repay the loan within 30 days, high finance charges can add up quickly, with a consumer paying hundreds or thousands of dollars in fees or forfeiting the vehicle.

The FTC charged that First American Title Lending, which operates over 30 locations in Georgia, advertised a zero percent offer (in English and Spanish) and failed to disclose that the borrower had to meet specific conditions to receive that rate. The borrower had to be a new customer, repay the loan within 30 days, and pay with a money order or certified funds, not cash or a personal check. If a borrower failed to meet those conditions, the offer did not apply, and he or she would be required to pay a finance charge from the start of the loan. The company’s advertisements also failed to disclose the amount of the finance charge after the introductory period ended.

The FTC alleged Finance Select, doing business as Fast Cash Title Pawn, failed to disclose that unless a loan was paid in full in 30 days, the zero percent offer did not apply, and that a borrower would have to pay a finance charge for the initial 30 days of the loan in addition to any finance charges incurred going forward. Fast Cash, which has five locations across Georgia and two in Alabama, also failed to disclose how much the finance charge would cost a borrower after the 30-day introductory period was over.

As part of the proposed settlements with First American Title Lending and Fast Cash Title Pawn, the respondents are prohibited from:

failing to disclose all the qualifying terms associated with obtaining a loan at its advertised rate;
failing to disclose what the finance charge would be after an introductory period ends; and
misrepresenting any material terms of any loan agreements.
In addition, First American Title Lending is also prohibited from stating the amount of any down payment, number of payments or periods of repayment, or the amount of any payment or finance charge without clearly and conspicuously stating all the terms required by the Truth in Lending Act and Regulation Z.

These cases are part of the FTC’s ongoing effort to protect consumers in the short-term lending and auto marketplaces. The agency’s guidance, Caution: Car Title Loans Can Leave You Stranded, encourages consumers to shop around for their loan, and to look to their bank or other lenders for options that may be more affordable than a car title loan.

The Commission vote to issue the administrative complaints and accept the proposed consent orders for public comment was 5-0. The agreements will be subject to public comment for 30 days, beginning today and continuing through March 3, 2015, after which the Commission will decide whether to make the proposed consent orders final. Submit comments for Fast Cash Title Pawn and First American Title Lending online.

NOTE: The Commission issues an administrative complaint when it has “reason to believe” that the law has been or is being violated, and it appears to the Commission that a proceeding is in the public interest. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions. Each violation of such an order may result in a civil penalty of up to $16,000.

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.

IRS WARNS TAXPAYERS OF FAKE CHARITY TAX SCAMS

FROM:  U.S. INTERNAL REVENUE SERVICE
Fake Charities Among the IRS “Dirty Dozen” List of Tax Scams for 2015

WASHINGTON — The Internal Revenue Service today warned taxpayers about groups masquerading as a charitable organization to attract donations from unsuspecting contributors, one of the “Dirty Dozen” for the 2015 filing season.

"When making a donation, taxpayers should take a few extra minutes to ensure their hard-earned money goes to legitimate and currently eligible charities,” said IRS Commissioner John Koskinen. “IRS.gov has the tools taxpayers need to check out the status of charitable organizations.”

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime, but many of these schemes peak during filing season as people prepare their returns or hire someone to prepare their taxes.

Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice to shut down scams and prosecute the criminals behind them.

The IRS offers these basic tips to taxpayers making charitable donations:

Be wary of charities with names that are similar to familiar or nationally known organizations. Some phony charities use names or websites that sound or look like those of respected, legitimate organizations. IRS.gov has a search feature, Exempt Organizations Select Check, which allows people to find legitimate, qualified charities to which donations may be tax-deductible.

Don’t give out personal financial information, such as Social Security numbers or passwords to anyone who solicits a contribution from you. Scam artists may use this information to steal your identity and money. People use credit card numbers to make legitimate donations but please be very careful when you are speaking with someone who called you.
Don’t give or send cash. For security and tax record purposes, contribute by check or credit card or another way that provides documentation of the gift.
Call the IRS toll-free disaster assistance telephone number (1-866-562-5227) if you are a disaster victim with specific questions about tax relief or disaster related tax issues.

Impersonation of Charitable Organizations

Another long-standing type of abuse or fraud involves scams that occur in the wake of significant natural disasters.

Following major disasters, it’s common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers. Scam artists can use a variety of tactics. Some scammers operating bogus charities may contact people by telephone or email to solicit money or financial information. They may even directly contact disaster victims and claim to be working for or on behalf of the IRS to help the victims file casualty loss claims and get tax refunds.

They may attempt to get personal financial information or Social Security numbers that can be used to steal the victims’ identities or financial resources. Bogus websites may solicit funds for disaster victims.

A.G. HOLDER'S REMARKS ON NATIONAL SLAVERY AND HUMAN TRAFFICKING PREVENTION MONTH

FROM:  U.S. JUSTICE DEPARTMENT
Attorney General Eric H. Holder Jr. Delivers Remarks at Justice Department Event Marking National Slavery and Human Trafficking Prevention Month
Washington, DCUnited States ~ Thursday, January 29, 2015

Remarks as prepared for delivery

Thank you, Sally [Yates], for that introduction – and for your strong leadership of the department’s anti-human trafficking efforts, in Atlanta and far beyond.   It’s a distinct pleasure to officially welcome you, on behalf of our colleagues, as Acting Deputy Attorney General of the United States.  And it’s an honor to join so many outstanding leaders – including Mayors [Kasim] Reed and [William] Bell, former Congressman [Dan] Lungren, and of course Assistant Attorney General [Karol] Mason, FBI Director [James] Comey, and Deputy Director [Kris] Rose – for this important commemoration.

I’d like to begin today by recognizing Assistant Attorneys General Vanita Gupta, of the Civil Rights Division and Leslie Caldwell, of the Criminal Division, for their dedication to combating the scourge of human trafficking.  Alongside Karol Mason, her colleagues in the Office of Justice Programs, our United States Attorney’s Offices, the Office on Violence Against Women, the FBI, the COPS Office and our law enforcement partners, Vanita and Leslie – and the Divisions they lead ­- stand on the front lines of this critical effort.  The tireless work of all of these committed public servants – here at Main Justice and in offices across the country – has been vital in establishing the record of progress we celebrate today.  And it’s only with their continued leadership that we’ll be able to build on this progress as we look to the future.

I also want to extend a special welcome to the survivors who have come to share their stories with us - and from whom we’ll be hearing in just a few minutes.  You honor us with your presence this afternoon.  Your strength is humbling.  Your courage is inspiring.  And your resolve -to transform experiences of pain and horror into powerful forces for healing – gives hope to countless survivors, advocates, and law enforcement leaders, all of whom are proud to stand shoulder-to-shoulder with you today.

It is because of these remarkable individuals, and so many others, that we’ve come together to mark this year’s National Slavery and Human Trafficking Prevention Month -here in the heart of an institution dedicated to the cause of justice.  Each year, this solemn observance presents an important opportunity to shine a light on the powerful – and promising – work that so many of you are leading.  Even more importantly, it offers a vital chance to rededicate ourselves to the serious and systemic challenges that remain before us – challenges of a scope, and an astonishing global scale, that are almost without rival.  Challenges that demand that we redouble our efforts to reach more and more survivors, millions of whom are in dire need of our assistance right this minute.  Challenges that impel each of us to renew our resolve to bring to justice every perpetrator of forced labor, sex trafficking and other heinous crimes that seek to deny the rights, the freedom, and the basic human dignity of every victim.

It is abhorrent and almost inconceivable, that today – a century and a half after the Emancipation Proclamation, and more than six decades after the United Nations Declaration of Human Rights – these forms of peonage and bondage endure, both around the world and within our own borders.  It is unacceptable that millions of people toil in the shadows even as we speak – people who are viewed by their traffickers as nothing more than commodities.  People whose enslavement and exploitation feed an illicit economy built on the trade, and the inhuman treatment, of vulnerable human beings.  And people whose lives are subject to the control of cruel captors, and whose desperate plight is a stain on the soul of our civilization.

The United Nations has rightly described human trafficking as “a crime that shames us all.”  So let us declare today – here and now – that we are determined to stand in shame no longer.

In recent years, people of conscience around the world have increasingly fought back against slavery, bonded labor, and sex trafficking.   And the United States – led by this Department of Justice and our federal agency partners – is helping to lead the way.

The Justice Department’s commitment to this work has never been stronger, nor our strategy more effective.  Our determination to take a zero-tolerance, whole-of-government approach to confronting this problem – and advancing the long struggle for freedom, fairness, and justice – has never been more robust.  And that’s why, with the continued leadership of everyone in this Great Hall, and the engagement of our allies around the world, I’ve never been more confident that we can take this effort to a new level.

Over the last five years, in conjunction with our U.S. Attorneys nationwide, the Civil Rights Division’s Human Trafficking Prosecution Unit, or HTPU – under the exemplary leadership of Director Hilary Axam – has prosecuted record numbers of labor trafficking, international sex trafficking, and adult sex trafficking cases – 56 percent more than in the previous five years.

This is outstanding work – and there can be no question that these efforts, combined with the tremendous work of the Criminal Division’s Child Exploitation and Obscenity Section, are having a tangible, positive impact on the lives of thousands of people on a regular basis.  Yet there remain far too many victims in urgent need of our help.  That’s why the Justice Department is taking new action to support a range of innovative, collaborative efforts to identify and stop traffickers – and to help victims heal and rebuild their lives.  And it’s why we’re doing important work to bring new allies into this fight – and to improve coordination between agencies at every level of government.

As Sally noted, in 2011, HTPU and the Executive Office for United States Attorneys partnered with the FBI and the Departments of Labor and Homeland Security to launch the Anti-Trafficking Coordination Team – or ACTeam – Initiative.  This has enabled us to streamline working relationships among federal prosecutors and federal investigative agencies, both on the front lines and at the national level.

Since their inception, our six Phase I Pilot ACTeams have developed significant human trafficking cases.  As Sally saw firsthand in Atlanta, Phase I has proved highly effective.  And based on this demonstrated record of success, I am proud to announce today that the Justice Department and our outstanding partners – in the FBI and the Departments of Homeland Security and Labor – are actively preparing to proceed to Phase II.  We are laying the groundwork for a forthcoming interagency launch, which will begin with a competitive, nationwide selection process to identify Phase II ACTeam sites.

We’ll also continue to reinforce key relationships both within, and beyond, America’s borders – because it’s only by rallying a broad coalition of international partners that we can combat human trafficking on a truly global scale.  This is the vision behind our collaboration with the Department of Homeland Security, the FBI, and our Mexican law enforcement counterparts to ensure that human traffickers are brought to justice.   And these groundbreaking advances have had a significant impact on efforts to dismantle trafficking networks on both sides of the border – and to restore the lives and dignity of victims ravaged by their brutality.

In so many ways, the results we’ve obtained are emblematic of what we can achieve through the type of intensive collaboration that must drive our commitment moving forward.  And they illustrate the power of robust enforcement and victim assistance to improve and even save the lives of those who are rescued when human traffickers are disrupted.

No one understands this better than the dedicated men and women of the department’s Office for Victims of Crime, whose efforts are in many ways at the heart of this country’s determination not just to stop trafficking, but to support and empower all whose lives have been touched by these appalling crimes.  Under the leadership of Director Joye Frost – who has been a key champion of this work, and who’s here with us today – OVC is helping to drive a victim-centered approach to addressing human trafficking, offering services to survivors, and engaging them as valued leaders in our campaign to reach still more who have been victimized.

Thanks to OVC’s great work, the Justice Department’s efforts have been indelibly linked to – and strengthened by – the courageous participation and advocacy of survivors.  These brave people come from all backgrounds and walks of life.  They are U.S. citizens and foreign nationals.  They are men, women, and children who were subjected to sex trafficking or forced labor.  And they’re helping us to ensure that every survivor is stabilized, supported, and empowered to participate fully in every step of every process – because nothing is more important than making sure their needs are met, their voices are heard, and their futures belong to them once more.  Going forward, we will continue to draw on the wisdom, strength, and resilience of these survivor advocates to enrich our expertise and redouble our resolve.   For instance, in the lead-up to this administration’s launch of the first-ever government-wide Strategic Action Plan for Services for Victims of Human Trafficking, OVC provided strong leadership on behalf of the Justice Department.  And they worked closely with the Departments of Homeland Security and Health and Human Services to shape a five-year strategy for strengthening capacity – and streamlining collaboration – among federal agencies and key nongovernmental allies.

Now, I believe we can all be proud of everything this department is doing to raise awareness about – and to directly combat – the global crisis of human trafficking.  As our nation’s Attorney General, and as the father of three children, advancing these efforts has been both a personal and professional priority for many years.  From our Office of Juvenile Justice and Delinquency Prevention, to the Bureau of Justice Assistance and the National Institute of Justice, I’ve been gratified to see nearly every DOJ office and component take new ownership, and display strong leadership, in some aspect of this important work.

Together, we are realizing the historic commitment we’ve made – under President Obama’s leadership – to cut down on the illicit trade in innocent human beings.  Thanks to the tireless work of our new Deputy Attorney General – and the determination of the excellent and principled leader who will soon be confirmed as Attorney General of the United States – I am confident that this effort will only grow stronger in the months and years ahead.

But, like all of you, I also recognize that we will never be able to make the progress we need on our own.  We must continue to expand partnerships beyond the halls of government.  We must strive to enlist the American people in identifying victims who are hiding in plain sight.  Above all, we must capitalize on this rare opportunity to build on the work that’s underway – and the momentum we’ve established – by standing together, speaking together, and working together as never before.  By recommitting ourselves to the pursuit of a more perfect Union that must animate this great Department’s efforts.  And by reaffirming our shared destiny – as one nation and one people – dedicated to freedom, and devoted always to the notion that America’s future will be defined by the support we provide to the most vulnerable members of our society.

From this moment on, let this be the creed that pushes us forward.  And let this be the call we answer, and the cause we serve, wherever our individual paths may take us in the months and years to come.

I want to thank you all, once again, for your leadership, your partnership, and your determination to help make the difference we seek.  I will always be honored, and humbled, to count you as colleagues and partners.   And I look forward to everything this department – and this great nation – will achieve in the critical days ahead.

WHITE HOUSE FACT SHEET ON PRECISION MEDICINE INITIATIVE

FROM:  THE WHITE HOUSE   
January 30, 2015
FACT SHEET: President Obama’s Precision Medicine Initiative

Building on President Obama’s announcement in his State of the Union Address, today the Administration is unveiling details about the Precision Medicine Initiative, a bold new research effort to revolutionize how we improve health and treat disease.  Launched with a $215 million investment in the President’s 2016 Budget, the Precision Medicine Initiative will pioneer a new model of patient-powered research that promises to accelerate biomedical discoveries and provide clinicians with new tools, knowledge, and therapies to select which treatments will work best for which patients.

Most medical treatments have been designed for the “average patient.” As a result of this “one-size-fits-all-approach,” treatments can be very successful for some patients but not for others.  This is changing with the emergence of precision medicine, an innovative approach to disease prevention and treatment that takes into account individual differences in people’s genes, environments, and lifestyles.  Precision medicine gives clinicians tools to better understand the complex mechanisms underlying a patient’s health, disease, or condition, and to better predict which treatments will be most effective.

Advances in precision medicine have already led to powerful new discoveries and several new treatments that are tailored to specific characteristics of individuals, such as a person’s genetic makeup, or the genetic profile of an individual’s tumor.  This is leading to a transformation in the way we can treat diseases such as cancer.  Patients with breast, lung, and colorectal cancers, as well as melanomas and leukemias, for instance, routinely undergo molecular testing as part of patient care, enabling physicians to select treatments that improve chances of survival and reduce exposure to adverse effects.

The potential for precision medicine to improve care and speed the development of new treatments has only just begun to be tapped. Translating initial successes to a larger scale will require a coordinated and sustained national effort.  Through collaborative public and private efforts, the Precision Medicine Initiative will leverage advances in genomics, emerging methods for managing and analyzing large data sets while protecting privacy, and health information technology to accelerate biomedical discoveries.  The Initiative will also engage a million or more Americans to volunteer to contribute their health data to improve health outcomes, fuel the development of new treatments, and catalyze a new era of data-based and more precise medical treatment.

Key Investments to Launch the Precision Medicine Initiative:

Complementing robust investments to broadly support research, development, and innovation, the President’s 2016 Budget will provide a $215 million investment for the National Institutes of Health (NIH), together with the Food and Drug Administration (FDA), and the Office of the National Coordinator for Health Information Technology (ONC) to support this effort, including:

$130 million to NIH for development of a voluntary national research cohort of a million or more volunteers to propel our understanding of health and disease and set the foundation for a new way of doing research through engaged participants and open, responsible data sharing.

$70 million to the National Cancer Institute (NCI), part of NIH, to scale up efforts to identify genomic drivers in cancer and apply that knowledge in the development of more effective approaches to cancer treatment.

$10 million to FDA to acquire additional expertise and advance the development of high quality, curated databases to support the regulatory structure needed to advance innovation in precision medicine and protect public health.

$5 million to ONC to support the development of interoperability standards and requirements that address privacy and enable secure exchange of data across systems.

Objectives of the Precision Medicine Initiative:

More and better treatments for cancer: NCI will accelerate the design and testing of effective, tailored treatments for cancer by expanding genetically based clinical cancer trials, exploring fundamental aspects of cancer biology, and establishing a national “cancer knowledge network” that will generate and share new knowledge to fuel scientific discovery and guide treatment decisions.
Creation of a voluntary national research cohort: NIH, in collaboration with other agencies and stakeholders, will launch a national, patient-powered research cohort of one million or more Americans who volunteer to participate in research.  Participants will be involved in the design of the Initiative and will have the opportunity to contribute diverse sources of data—including medical records; profiles of the patient’s genes, metabolites (chemical makeup), and microorganisms in and on the body; environmental and lifestyle data; patient-generated information; and personal device and sensor data.  Privacy will be rigorously protected.  This ambitious project will leverage existing research and clinical networks and build on innovative research models that enable patients to be active participants and partners.  The cohort will be broadly accessible to qualified researchers and will have the potential to inspire scientists from multiple disciplines to join the effort and apply their creative thinking to generate new insights. The ONC will develop interoperability standards and requirements to ensure secure data exchange with patients’ consent, to empower patients and clinicians and advance individual, community, and population health.

Commitment to protecting privacy: To ensure from the start that this Initiative adheres to rigorous privacy protections, the White House will launch a multi-stakeholder process with HHS and other Federal agencies to solicit input from patient groups, bioethicists, privacy, and civil liberties advocates, technologists, and other experts in order to identify and address any legal and technical issues related to the privacy and security of data in the context of precision medicine.
Regulatory modernization: The Initiative will include reviewing the current regulatory landscape to determine whether changes are needed to support the development of this new research and care model, including its critical privacy and participant protection framework.  As part of this effort, the FDA will develop a new approach for evaluating Next Generation Sequencing technologies — tests that rapidly sequence large segments of a person’s DNA, or even their entire genome. The new approach will facilitate the generation of knowledge about which genetic changes are important to patient care and foster innovation in genetic sequencing technology, while ensuring that the tests are accurate and reliable.

Public-private partnerships: The Obama Administration will forge strong partnerships with existing research cohorts, patient groups, and the private sector to develop the infrastructure that will be needed to expand cancer genomics, and to launch a voluntary million-person cohort.  The Administration will call on academic medical centers, researchers, foundations, privacy experts, medical ethicists, and medical product innovators to lay the foundation for this effort, including developing new approaches to patient participation and empowerment.  The Administration will carefully consider and develop an approach to precision medicine, including appropriate regulatory frameworks, that ensures consumers have access to their own health data – and to the applications and services that can safely and accurately analyze it – so that in addition to treating disease, we can empower individuals and families to invest in and manage their health.


Sunday, February 1, 2015

WHITE HOUSE FACT SHEET ON RENEWABLE ENERGY AND MULTIFAMILY HOUSING PARTNERSHIP WITH CALIFORNIA

FROM:  THE WHITE HOUSE
January 29, 2015
FACT SHEET: Administration and California Partner to Drive Renewable Energy and Energy Efficiency in Multifamily Housing

The Obama Administration is committed to taking responsible steps to address climate change, promote clean energy, and help ensure a cleaner, more stable environment for future generations. That is why, today, Secretary Castro, of the U.S. Department of Housing and Urban Development (HUD), and Governor Brown of California are announcing a number of actions to expand financing for energy efficiency and solar energy in multifamily housing. Today’s actions also set us on a track to reach the President’s goal of installing 100 megawatts of renewable energy across federally subsidized housing by 2020.

In the United States, about a quarter of households live in multifamily housing units, including more than 3 million units in California alone. Improving the energy efficiency of these buildings nationwide by 20 percent would save nearly $7 billion in energy costs each year and cut 350 million tons of carbon pollution in a decade. Across the country, affordable housing leaders and service providers are also stepping up to deploy solar energy on affordable multifamily properties; because solar makes economic sense for them, brings a boost to struggling communities and families, and is something that works now. To continue to reinforce American leadership in deploying clean energy and cutting energy waste while creating jobs and reducing carbon pollution, the Administration and California are partnering to announce the following actions:

Unlocking Property-Assessed Clean Energy (PACE) Financing for Multifamily Housing in California: PACE is an innovative mechanism for financing energy efficiency and renewable energy improvements. Commercial PACE programs have the potential to provide a robust source of capital to accelerate renewable energy and energy and water efficiency retrofits in multifamily housing, making the existing multifamily stock more affordable to renters with low incomes and saving money for consumers and taxpayers.  To remove existing barriers and accelerate the use of PACE financing for multifamily housing, today:

Governor Brown is establishing a California Multifamily PACE Pilot in partnership with the MacArthur Foundation. The Pilot will enable PACE financing for certain multifamily properties, including specific properties within HUD, the California Department of Housing and Community Development, and the California Housing Finance Agency’s portfolios, opening up financing to an entire segment of commercial PACE projects.
Secretary Castro is issuing guidance clarifying the circumstances under which HUD can approve PACE financing on HUD-assisted and-insured housing in California.
The U.S. Department of Energy is committing to work with the State of California to design and undertake a study assessing the performance of California’s PACE program as data becomes available.
Driving On-Bill Repayment in Affordable Multifamily Properties in California: HUD is committing to support the State of California in creating an innovative California Master-Metered Multifamily Finance Pilot Project. The Pilot will enhance affordable multifamily properties’, which have a substantial majority of a property's energy consumption billed through a common meter, access to upfront capital for financing energy efficiency improvements, on affordable terms and time frames, and which are repaid through the master meter utility bill. The $3 million program of technical assistance and credit support may include a loan loss reserve and/or a debt-service reserve fund. ‎The pilot is intended to inform project performance and repayment experience while managing finance risk perception.

Engaging Philanthropy and the Financial Sector to Support Renewable Energy in Affordable Housing: To set us down this path, today, we are announcing:

The White House and HUD will host a roundtable on February 19 with leaders from the finance and philanthropic communities to discuss opportunities to enhance solar financing for affordable housing.
Building on $200 million invested on multifamily preservation projects, the MacArthur Foundation is committing to make at least $10 million in impact investments to create and expand the California PACE and On-Bill Pilots, and explore other innovations, including the use of Pay for Success.
Empowering Communities to Deploy Solar: Today, the Department of Energy is awarding more than $14 million for 15 projects that will develop plans, streamline deployment and launch innovative programs to spur solar market growth in numerous communities across the U.S.  The projects take a variety of approaches to develop actionable strategic plans to promote deployment at residential, community and commercial scales—from using local financing mechanisms, such as commercial PACE type projects to integrating solar energy generation into communities’ emergency response plans. Ultimately, the case studies and lessons learned from these projects will provide similar communities with examples that can be replicated—an important step towards making solar deployment faster, easier, and cheaper across the country. The awardees include not-for-profits, utilities, industry associations, universities, and state and local jurisdictions in California, Illinois, Minnesota, New York, Utah, Virginia, Vermont, Wisconsin, and Washington, D.C.

Announcing New Commitments to Advance Energy Efficiency Investments in Multifamily Housing: In February 2011, President Obama launched the Better Buildings Challenge to help American commercial, industrial, and multifamily buildings become at least 20 percent more energy efficient by 2020. More than 250 diverse organizations, representing over 3 billion square feet, 600 manufacturing plants, and more than $2 billion in energy efficiency financing have stepped up to the President’s Challenge, including more than 85 new multifamily partners since the Challenge was expanded to multifamily housing. Since the Better Building Challenge began, partners are on track to meet the 2020 goal and on average, are cutting energy use by 2.5 percent each year, saving 36 trillion BTUs and $300 million. Today, responding to the President’s call to action on energy efficiency 6 new multifamily housing authorities and owners are announcing that they are joining the President’s Better Buildings Challenge, committing to improving the energy efficiency of more than 5.5 million square feet of additional floor space, an area the size of more than 115 football fields, by at least 20 percent in the next decade:

AHEAD, Inc., Littleton, NH
Gragg Cardona Partners, Washington, DC
Housing Authority of the Birmingham District, Birmingham, AL
Newark Housing Authority, Newark, NJ
The DeBruler Co., Libertyville, IL
Windsor Locks Housing Authority, Windsor Locks, CT.
The Administration is also calling on Section 202 Project Rental Assistance Contract (PRAC) properties serving elderly and disabled Californians to take advantage of the PRAC Shared Savings incentive HUD released in September 2014. The incentive allows owners to utilize realized utility bill savings to make needed energy and water improvements at their property as part of the Better Buildings Challenge.

Making Energy Data More Accessible For Multifamily Housing Owners: Better information helps building owners and residents understand when there are opportunities to reduce energy consumption, which saves money for tenants, owners and taxpayers.  HUD spends approximately $6.4 billion annually on utility costs for affordable housing properties and households, so improving access to utility data for owners and tenants is a high priority. As part of HUD’s work on data access, HUD will be publishing guidance that standardizes the approach owners and performance based contract administrators use to appropriately assess the utility subsidy levels needed to offset tenant paid utilities.  In November, Secretary Castro issued a call to utilities to work with HUD as well as regulators, property owners, and other stakeholders across the country to facilitate better processes for building owners to access utility usage and expense information for their properties. Today, California is responding to Secretary Castro’s call by announcing it will obtain and ensure owner access to energy usage data, with appropriate privacy protections, for multi-family buildings and set data standardization and benchmarking efforts to ensure the data that is collected in a way that is accessible and can be used to track progress towards achieving their energy and climate goals.

TODAY’S ANNOUNCEMENTS BUILD ON PROGRESS TO DEPLOY RENEWABLE ENERGY AND PROMOTE ENERGY EFFICIENCY

In the State of the Union, the President stated that last year, we installed as much solar every three weeks as we did in all of 2008. In 2013 alone, the price of commercial and residential solar declined by more than 12 percent. This is driving more and more Americans to install solar panels at their homes and businesses, and is supporting tens of thousands of solar jobs across the country. We are also making progress cutting energy waste. Since 2009, the U.S. Department of Energy has already put in place appliance efficiency standards that will save American consumers nearly $480 billion on their utility bills through 2030.

In January, Governor Brown set an ambitious goal for California to generate 50 percent of its electricity from renewable energy by 2050. The actions announced today are consistent with that goal and build on a solid commitment to deploy renewable energy and promote energy efficiency statewide. In July 2014, Governor Brown allocated $75 million cap-and-trade proceeds for weatherization and renewable energy. A proportion of these funds will assist in the installation of energy efficiency and renewable energy projects in low income housing units within disadvantaged communities.

NASA VIDEO: Liftoff of SMAP

SEC CHARGES CHICAGO COMPANY OF SELLING PENNY STOCKS WITHOUT REGISTERING AS BROKER-DEALER

FROM:  U.S. SECURITIES AND EXCHANGE COMMISSION 

The Securities and Exchange Commission charged a Chicago-area company that provides stock loans using equities as collateral, its two co-founders, and its former chief operating officer with selling more than nine billion shares of penny stocks through purported stock-based loans, block trades, and other transactions without registering with the SEC as a broker-dealer as required under the federal securities laws.

International Capital Group (ICG) and the executives agreed to collectively pay more than $4.3 million to settle the SEC’s charges.

“By selling billions of shares of penny stock without registering with the SEC, ICG and its principals subverted core protections provided to investors by the broker-dealer registration provisions,” said David Glockner, Director of the SEC’s Chicago Regional Office.

According to the SEC’s order instituting a settled administrative proceeding against ICG, its co-founders Brian R. Nord and Larry Russell Jr., and its former COO Todd J. Bergeron, ICG presented itself as a stock-based lender.  ICG systematically sold stock obtained as collateral for at least 149 stock-based loans, but failed to register with the SEC as a broker-dealer.  On average, ICG began selling the collateral shares it received through each loan three days before closing and funding the loan, and completed the sale of all remaining shares within two weeks of receiving the stock.  In many instances, ICG did not provide money to the customer until the stock had been sold in an amount sufficient to fund the loan.  On several occasions, ICG also violated the securities registration provisions by distributing unregistered stock that it acquired from issuers or their affiliates.  Nord, Russell, and Bergeron directed, authorized, or participated in these transactions.

The SEC’s order finds that ICG violated Section 5 of the Securities Act of 1933 and Section 15(a) of the Securities Exchange Act of 1934.  The order finds that Nord, Russell, and Bergeron violated Section 5 of the Securities Act and aided and abetted and caused ICG’s violations of Section 5 of the Securities Act and Section 15(a) of the Exchange Act.  Without admitting or denying the findings, they agreed to cease and desist from committing or causing violations of these provisions.  ICG, Nord, and Russell must pay $1,670,054 in disgorgement and prejudgment interest as well as penalties of $1.5 million, $300,000, and $250,000 respectively.  They are barred from the securities industry and penny stock offerings for five years.  Bergeron must pay $417,514 in disgorgement and prejudgment interest and a penalty of $150,000, and he is barred from the securities industry and penny stock offerings for three years.

The SEC’s investigation was conducted by Paul M. G. Helms and Jonathan I. Katz and supervised by Kathryn A. Pyszka in the Chicago Regional Office.

LABOR DEPARTMENT ANNOUNCES $8 MILLION AWARD TO HELP PREVENT AND REDUCE CHILD LABOR IN VIETNAM

FROM:  U.S. LABOR DEPARTMENT 
LAB News Release: [01/29/2015]
Release Number: 15-0038-NAT

International Labor Organization receives $8 million award from
US Labor Department to prevent and reduce child labor in Vietnam
WASHINGTON — The U.S. Department of Labor's Bureau of International Labor Affairs today announced the award of an $8 million cooperative agreement to the International Labor Organization to implement a technical cooperation project to prevent and reduce child labor in Vietnam. This project will be undertaken in coordination with the Government of Vietnam.
"2015 marks the 15th year of our bilateral cooperation on labor issues with the Government of Vietnam," said Deputy Undersecretary for International Affairs, Carol Pier. "The Government of Vietnam has taken great strides to enhance national and local capacity to address child labor, and the funding of this project highlights our continued partnership and underlines our commitment to provide assistance to vulnerable children and their families."

Supporting Vietnam's national plans of action on children, child protection and child labor, the project will increase the capacity of national institutions and stakeholders to identify and respond to child labor, raise awareness of child labor at all levels of society, and implement an area-based intervention model aimed at preventing and withdrawing children at risk of or in the worst forms of child labor in selected areas.

Of the estimated 1.75 million children in Vietnam who work as child laborers, most work in agriculture — tending crops and cattle or even logging — and come home to families who struggle to make ends meet. One in three child laborers works more than 42 hours a week, and of this group, very few see the inside of a classroom.

Since 1993, ILAB has produced reports to raise awareness globally about child labor and forced labor. ILAB has also provided funding for more than 280 projects in over 94 countries to combat the worst forms of child labor by providing assistance to vulnerable children and their families.

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