‘Historic’ deal to avoid government shutdown

Monday, April 11th, 2011

Associated Press

President Barack Obama and congressional leaders forged a last-minute agreement late Friday night on a deal to cut about $38 billion in spending and avert the first federal government shutdown in 15 years.

Obama hailed the deal, a bit more than an hour before a midnight deadline, as “the biggest annual spending cut in history,” and Republican House of Representatives Speaker John Boehner said that over the next decade it would cut government spending by $500 billion. “This is historic, what we’ve done,” said the third man in the talks, Democratic Senate Majority Leader Harry Reid.

They announced the agreement less than an hour before government funding was due to run out. The shutdown would have closed national parks and other popular services, though the military would have stayed on duty and other essential efforts such as air traffic control would have continued in effect.

Amid the biggest clash yet between Democrats and the resurgent Republicans who control the House, Obama had warned that a government shutdown would damage the economy’s recovery by putting government employees out of work.

The political stakes of a shutdown — which would affect an estimated 800,000 workers — were huge ahead of next year’s presidential and congressional elections. Republicans got most of the blame in the last government shutdown during Bill Clinton’s presidency, but there’s no assurance that will happen this time around.

Since taking control of the House in January, Republicans have vowed to slash what they described as out-of-control spending and curb the federal deficit. Democrats accused the Republicans of wanting to cut vital government services and pushing a social agenda.

The Democrats and the White House rebuffed numerous Republican attempts to curtail the reach of the Environmental Protection Agency and sidetracked their demand to deny federal funds to Planned Parenthood, which provides family planning and other medical services.

Anti-abortion lawmakers did succeed in winning a provision to ban the use of federal or local government funds to pay for abortions in the capital district of Washington.

Racing to beat the deadline, lawmakers worked to pass an interim measure to prevent a shutdown, however brief, and keep the federal machinery running for the next several days.

The Senate acted within minutes, and House members were called into session to follow suit as midnight neared.

The deal came together after six grueling weeks and an outbreak of budget brinksmanship over the past few days as the two sides sought to squeeze every drop of advantage in private talks.

AERT’s New Green Age Recycling Facility in Oklahoma Receives Silver LEED Certification

Thursday, April 22nd, 2010
Another First for AERT, Oklahoma, and the U.S.

Advanced Environmental Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and manufacturer of Green building products, announced today that its new Green Age Recycling Facility recently received silver certification from the Leadership in Energy and Environmental Design (LEED) program operated by the U.S. Green Building Council.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7363

“Gaining LEED certification for the new plant is a significant milestone for us,” said Joe Brooks, CEO of AERT. “We are very pleased to be one of the ten facilities in Oklahoma and the only plastic reclamation facility nationwide to achieve LEED certification. Going through the LEED process has taught us a lot about how we should evaluate buildings for our use and it has also given us a new appreciation for the products we produce for others’ use in their Green initiatives.”

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Boozman Has $563K on Hand for Senate Bid

Friday, April 16th, 2010

Republican U.S. Rep. John Boozman on Thursday reported having $563,000 on hand for his U.S. Senate bid, as Democratic U.S. Sen. Blanche Lincoln and her chief primary rival continued to outpace the GOP in fundraising for the Arkansas seat.

Boozman reported raising $683,000 during the first three months of the year. Of that, $342,000 was money Boozman had transferred from his House re-election bid. Boozman, who represents northwest Arkansas, dropped his re-election bid in February to run for the Senate.

Boozman’s cash-on-hand numbers put him slightly ahead of state Sen. Gilbert Baker, who has been the fundraising frontrunner among the eight Republican Senate candidates in the May 18 primary. Baker announced this week that he has raised $155,238 over the past three months for his Senate bid. He has raised $961,287 since entering the race last year and has $501,123 on hand.

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Wal-Mart Reclaims Top Spot From Exxon Mobil on Fortune 500 List

Friday, April 16th, 2010

Wal-Mart Stores Inc., the world’s largest retailer, reclaimed the top spot from Exxon Mobil Corp. in the Fortune 500 ranking of biggest companies, based on annual revenue, the magazine announced today.

Exxon, the world’s largest oil company, dropped to second place on the list after the U.S. recession eroded demand for its motor fuels and drove bargain-seeking consumers to Wal-Mart’s discounts. Exxon was No. 1 a year ago after surrendering the spot to Wal-Mart in 2007. Chevron Corp. remained in third place.

Two banks climbed in the rankings to join the top 10, while homebuilders disappeared from the Fortune 500 and automaker General Motors Co. dropped below the largest 2 percent of companies for the first time.

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