Obama’s approval ratings drop as economy stagnates
New York, NY, United States (AHN) – After slowly inching upward, President Barack Obama’s approval rating has once again dropped, based his handling of the nation’s economy. The downward move ties his lowest rating ever, in of October of last year.
Based on a recent Harris Poll, one-quarter of Americans (27 percent) give the President positive ratings on the overall job he is doing on the economy while almost three-quarters (73 percent) give him negative marks. Last month, one-third (32 percent) gave him positive marks and 68 percent gave the president negative ratings on the economy.
The future of the economy is also seen in a negative viewpoint. In February, more than one-third of Americans (34 percent) said they expected the economy to improve in the coming year, one-quarter (25 percent) thought it would get worse and two in five (42 percent) believed it would stay the same. This month, just one-quarter (26 percent) expect the economy will improve in the coming year, one-third (33 percent) say it will get worse and two in five (41 percent) believe it will stay the same.
One thing the White House also has to deal with in the next few months is the issue of the debt ceiling and whether it should be raised. Only one in five Americans (21 percent) are in favor of raising the debt ceiling while almost half (45 percent) are not in favor of raising it. However one-third of U.S. adults (34 percent) aren’t completely sure if it should be raised nor have a firm grasp of what it is.
If the debt ceiling is not raised, the government will be forced to temporarily stop paying for certain things to conserve funds.
With the presidential election 16 months away, one of the main areas expected to be hotly debated and used as a political hammer will be the economy.
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McCourt’s court battle continues: one-day trial could decide Dodgers’ future
Los Angeles, CA, United States (AHN Sports) – August 4 may be the make-or-break day for Frank McCourt and his ownership of the Los Angeles Dodgers.
In a divorce settlement reached Friday by Frank and Jamie McCourt, the judge overseeing the settlement scheduled a one-day trial on Aug. 4 to determine if the team will remain solely Frank McCourt’s or will be sold as a community property asset.
According to a report from the New York Times, the publicly feuding couple agreed to terms under which Frank McCourt was authorized by the judge to complete a cable television deal with Fox worth $2.5 billion to $3 billion over 17 years. The deal would give a McCourt subsidiary 35 percent of the channel, Prime Ticket, that shows Dodgers games.
The Fox contract requires the approval of baseball’s commissioner, Bud Selig, who has so far withheld it, angering McCourt.
According to the report, the McCourts’ divorce agreement lays out how a $385 million loan from Fox would be used: $235 million would go to the Dodgers, with up to $23.5 million to Frank McCourt, to repay part of a personal loan from FOX.
Those funds helped him meet payroll with $80 million to cut team debt; $5 million for Frank McCourt and his wife, Jamie, to use as they desire; $5 million each for lawyers’ fees; and $50 million for use at the court’s discretion.
MLB however is concerned about how much of the proceeds from the Fox deal would flow personally to the McCourts. During their divorce trial, evidence showed that the McCourts had used $108 million from the team over five years to finance their lavish lifestyles.
And the divorce settlement gives baseball veto power; if Selig rejects the Fox deal, the agreement is null and void. Indeed, it would appear that the trial is contingent on Selig’s say-so, or on changing how the $385 million is paid out.
Frank McCourt insisted in a telephone interview that the agreement ended the uncertainty over the team’s ownership; it will be his or it will be sold. “In either pathway, Jamie does not have control,” he said.
Despite Frank McCourt’s confidence that the divorce agreement smoothed the obstacles to Selig’s approval of the Fox deal, baseball’s problems with him go deeper, including the way he has run the franchise.
In April, Rob Manfred, an M.L.B. executive vice president, said, “‘There is no owner who, during the period 2004 to 2011, that we’ve spent more time with on his business problems, his business issues and his desire to be treated differently under applicable rules than Frank McCourt.”
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Obama Approval Advances to 47%, Up From 43% Pre-Election
After the strong rebuke of President Obama’s party in last Tuesday’s midterm elections, as well as a stock market rally and the beginning of his trip to Asia, Obama’s job approval rating has increased slightly in the past few days.
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Chase Branches Loses FHA Approval
JPMorgan Chase Bank, N.A., lost its origination approval agreement with the Federal Housing Administration for an office that operates within the jurisdiction of an Atlanta field office, according to the U.S. Department of Housing and Urban Development. In addition, a Chase office was terminated by HUD’s New Orleans office. A Chase spokesman declined to comment on the terminations.
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