Israel approves multi-million energy reform plan

AHN News Staff

Jerusalem, Israel (AHN) – In an attempt to cut global dependency on oil over the next decade, Israel has approved a $408 million inter-ministerial plan to develop technologies, which can prevent economic instability and environment as well.

A statement from the Prime Minister’s Office said that the government would also work to raise funds from external sources. The statement added that the comprehensive plan would bring together ministries of Defense, Finance, Industry, Trade and Labor, Science and Technology, Environmental Protection, Transportation and Road Safety, National Infrastructures, Agriculture and Rural Development, under one roof.

“I view this as a national and strategic goal of the State of Israel,” Prime Minister Benjamin Netanyahu said at Sunday’s cabinet session. “Oil addiction has led to the Western world’s dependence on the oil countries, and significantly damages the environment,” the premier added. “Although Israel is physically a small country, we are great in science and research … the intention is to harness strong research, scientific and technological forces and link them with other bodies so that Israel will be the leader, the catalyst in research in this field,” said Netanyahu.

Talking to reporters, Industry, Trade and Labor Minister Shalom Simhon said that the plan utilized Israel’s scientific and technological capabilities in order to implement a strategic goal on both the national and global levels.

Earlier, United States President Barack Obama emphasized on the requirement for smarter energy policies during his address at the State of the Union last week. He had said that the time had come for the world to start looking for cleaner alternatives to oil.

Meanwhile, Israeli companies have already started partnershios with growing economies India and China to push alternative energy projects.

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For Palestinians, Egyptian unrest is bittersweet

The Media Line Staff

Jerusalem, Israel David E. Miller – Palestinians in the Gaza Strip and West Bank expressed both hope and anxiety as unrest went into its seventh day in Egypt, a country that has acted as a lifeline to besieged Gaza and a patron to the Palestinian Authority in the West Bank but also as the object of anger and resentment.

In Gaza, where the Islamic Hamas movement rules, officials were mum on the mass protests, which have brought Egypt to a standstill and forced President Husni Mubarak to dismiss his cabinet. In the West Bank, where the Fatah-controlled Palestinian Authority (PA) is in control, police blocked a demonstration backing the Egyptian protestors.

Mubarak has had a complicated relationship with the Palestinians, especially since Hamas and Fatah parted ways and Gaza fell under Hamas rule in 2007. Cairo has mostly cooperated with Israel’s embargo of Gaza to the chagrin of Hamas, an offshoot of the Egyptian Muslim Brotherhood opposition group, but allows goods to pass illegally through tunnels under their joint border.

Towards Fatah, Mubarak has served as a friend, but has earned the wrath of many ordinary West Bank Palestinians for being too close to Israel and for being complicit in Israel’s Gaza embargo.

The PA on Sunday obstructed a small demonstration in solidarity with the opposition across from the Egyptian embassy in Ramallah. A few dozen protesters were met by 20 armed police who tried to confiscate cameras and intimidated demonstrators, Human Rights Watch reported.

Ahmad, a Gaza resident who asked not be identified by his full name, said that similar demonstrations would have taken place in Gaza, too, but people feared a crackdown by Hamas.

“The Hamas government is too scared to voice a position, fearing that Mubarak’s regime will eventually prevail and Hamas will be held accountable,” Ahmad told The Media Line.

“If the regime survived, things will get much worse for us,” added Ali Abu-Shahla, secretary-general of the Gaza Business Association.

In the meantime, however, the chaos in Egypt is complicating life in Gaza as fighting between troops and protestors in northern Sinai closes the roads between Cairo and Gaza that bring commodities to the tunnels. By Monday, tunnel traffic had ground to a halt and gasoline reserves quickly ran out, forcing filling stations to shut down.

“The Gaza Strip is completely dependent on Egypt for gasoline,” Mahmoud Al-Khizandar, deputy head of the fuel dealers association in Gaza, told The Media Line. He said the price of gas coming in from Egypt was one Israeli shekel (28 cents) per liter, compared with 6.50 shekels for Israeli gas, a price beyond the reach of most Gazans.

Fearing a fuel shortage and ignoring government pleas against hoarding, Gazans flocked to filling stations over the weekend filling gas tanks and plastic containers to the brim. Ali Abu-Shahla said Gaza’s diesel-fueled power stations were also likely to suffer from the smuggling halt, with power shortages to be expected in the coming days.

“I don’t understand why Israel doesn’t completely open all the border crossings,” Abu-Shahla told The Media Line. “That would put an end to illicit trade from Egypt.”

But Samir Zaqout, field work coordinator for the Al-Mezan Center for Human Rights in Gaza, insisted there was no fuel shortage.

“Even when the Egyptian gas runs out in the gas stations, there will still be plenty of Israeli reserves,” he told The Media Line, adding that the Hamas government has barred gas stations from filling containers to prevent stockpiling.

Meanwhile, Egypt shut its official border crossing with Gaza on Sunday, although there were no soldiers there to enforce it, Al-Khizandar of the fuel dealers association said. Hamas security personnel guarded the border, however, preventing Palestinians from crossing into Egypt. At least 50 Palestinians wishing to exit Gaza were turned back by Hamas forces, Reuters reported. But five Palestinian militants fleeing Abu-Zaabal prison in Cairo made it home to Gaza.

The escapees came back bearing stories of torture and mistreatment by the Egyptians, fueling popular antipathy for Egypt’s ruler.

Mutasem Al-Quqa, who spent seven years in Egyptian prisons, said he was arrested on his way from Gaza to Cairo on charges of belonging to Hamas, which is outlawed in Egypt.

“They put us in solitary confinement, which I cannot describe, it was so horrible,” he told the Palestinian Information Center, a Hamas news agency. “I managed to escape that prison, which was a hell for Palestinian inmates, after residents of the area destroyed the prison walls.”

Despite the economic distress the unrest has created, some Gazans remained cautiously optimistic about Egypt.

“People here are generally happy with what’s going on,” said Ahmad. “Gazans suffered a great deal at the border crossing with Egypt. They often had to bribe soldiers, but the Egyptians had no mercy on people, whether leftists or Hamas members. They even turned back the sick who came for treatment.”

But Al-Khizandar said he preferred to focus on the cultural and familial ties between Gazans and Egyptians, a result of geographic proximity and 19 years of direct Egyptian control between 1948 and 1967.

“Many Egyptians live in the Gaza Strip, so there are family ties; many Gazan students go abroad to study in Egypt,” he said.

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As deadline ends, consensus government elusive in Nepal

Anil Giri – AHN News Correspondent

Kathmandu, Nepal (AHN) – A last ditch effort to form a national consensus government to carry on Nepal’s derailed peace process faced another jolt on Wednesday as Nepal’s major political parties failed to reach any tangible conclusion by the deadline set by President Dr. Ram Baran Yadav.

A meeting among the three major political parties’ – UCPN (Maoist), Nepali Congress and CPN-UML- hours before the expiration of the deadline to form a unity government could not yield any results. The top brass of the parties have spent nearly a year attempting to make headway by narrowing the differences that have been surfaced following the resignation of caretaker Prime Minister Madhav Kumar Nepal six months ago.

“We could not agree on new government leadership,” said UML leader K.P. Oli.

Leaders expressed hope that they will arrive in a conclusion soon. However, according to the new parliamentary procedures, parties have to go for voting, which they have been trying to avert for the past few days.

The president, who is scheduled to embark on a 10-day trip to India on Thursday, will extend the deadline another couple of weeks in hopes of forming a government on a majority basis, which is the only alternative remaining.

“We will hold the talks. We have been trying to sort out the differences,” NC leader Ram Chandra Poudel said after the meeting. The push among the parties on power sharing issues has become a bone of contention as two other parties, Congress and UML, refuse to hand over power to the Maoists until completion of the peace process.

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Mystery of Utah Army base lockdown revealed; Missing VX Nerve gas located

Kris Alingod – AHN News Contributor

Salt Lake City, UT, United States (AHN) – A toxic chemical used as a biological weapon is the reason an Army base in Utah was locked down overnight.

Dugway Proving Ground said in a statement a nerve agent was missing in the facility’s laboratory during a routine inventory of sensitive material.

The agent was a vial of VX, a substance developed in the 1950s for chemical warfare.

The base, the Army’s largest land mass installation at nearly 800,000 acres, was locked down Wednesday night while a search was conducted.

The vial containing less than a quarter of a teaspoon of VX was found in the same laboratory where it was reported missing, but not before more than 1,000 employees were stranded overnight.

No personnel or civilians were injured. “No one was ever in any danger,” the military said.

The base is about 85 miles southwest of Salt Lake City.

According to the Centers for Disease Control and Prevention, nerve agents are the most toxic and fast-acting of all chemical warfare agents, and VX is the most lethal of all nerve agents.

VX is an amber, oily liquid that is colorless and tasteless. Like other nerve agents, it impedes the body’s ability to send messages to the brain. A person who has been exposed to it will not be able to switch off the stimulation of the glands and muscles, causing the body to tire.

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Painful affairs of child adoption in Nepal

Anil Giri – AHN News Correspondent

Feature Story, Nepal (AHN) – Last September, American couple Haydn Hilling and his wife Edvige desperately wanted to take home their adopted Nepali child, Kailash. Though the American couple that hails from Louisiana spent more than one-and-a-half years getting the necessary paperwork required for the adoption, the process has come to a standstill following the United States’ decision to halt adoptions of abandoned children from Nepal.

The U.S. administration halted the adoption of Nepali children due to growing allegations of child trafficking and falsification of documents, often in connivance with government authorities.

A joint statement issued by the U.S. Department of State and the U.S. Citizenship and Immigration Services in the first week of August said the step was taken to protect the rights and interests of Nepali children and their families after field visits to orphanages and police departments showed that documents describing children up for adoption as abandoned were often unreliable.

Another 10 countries–Canada, Denmark, Germany, France, Norway, Sweden, Switzerland, Spain, Italy, and the United Kingdom–have also halted inter-country adoptions from Nepal.

According to Nepal’s Ministry of Women, Children and Social Welfare, new rules were put in place last December and some stern measures have been added to the process.

“The Hague Secretariat also wants the smooth resumption of child adoption here,” chief of the ministry’s legal section, Sher Jung Karki said. The new set of policies allows local placement agencies to charge US$5,000 to adopting parents, while the government charges US$3,000.

Any foreign placement agency must set up a liaison office in Nepal and pay the government US$10,000 that will be handed over to an organization working for the welfare of children. Subsequently, the process of inter-country adoption of street children is subject to widespread abuses, the government has banned the adoption effective from Jan. 5.

The new policy also allows Nobel laureates, heads of states/governments, foreign ministers, celebrities, or a couple with an annual income of over US$300,000 to become foster parents, while others cannot.

Largely, a vulnerable adoption process that had been taking place in Nepal since several years has compelled the US government more alerted and posed a ban. That was the reason that they could not adopted two – year – old Kailash which made them running from pillar to post that their call will be heard.

Now the list is long. As many as 56 American families are facing heartbreak due to the US Government decision to ban child adoption from Nepal until Nepal’s legal provision ensures that adopted children were not fraud and claim genuine.

These desperate 56 parents have instituted an alliance and had registered a petition in US Congress. “We respectfully request that the Right Honorable members of the US Senate and House petition the Department of State and USCIS within the Department of Homeland Security to assist the “Nepal Pipeline families” in obtaining visas to bring their children home immediately,” the petition reads.

In response to the petition, 14,398 letters and emails were sent far to support their campaign. Moreover they have internet campaign through blog, http://theywaitnepal.blogspot.com/. One can find the photos of to be adopted Nepali child and their US mother. “These families are struggling to bring home their legally adopted children who are stuck in Nepal awaiting visas that will allow them to enter the US,” they write in their blog.

Many anxious parents are waiting in the US also. Many are stranded since August, 2010.

It seems that child adoption in Nepal has been turned into a profitable business as dozens of websites and privately organizations have claimed that there were many advantages of adopting children from Nepal. “There are many advantages for adopting from Nepal. Even though Nepal is an economically poor country, children are cared for very well with few incidences of abuse or neglect. If you like the idea of adopting a baby or toddler, it would be an excellent country to consider,” claims, adoptionark.

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Alberta Finance Minister Ted Morton also quits post

Vittorio Hernandez – AHN News

Calgary, Alberta, Canada (AHN) – Alberta Finance Minister Ted Morton has joined Premier Ed Stelmach in resigning from his post. Morton announced his departure Thursday, just two days after Stelmach said he would step down from office soon and not seek reelection.

Unlike Stelmach who is retiring from politics, Morton plans to move up the political ladder. Morton said his resignation takes effect immediately for him to concentrate on his bid to replace Stelmach as party leader of the Progressive Conservatives in the oil sands-rich province.

Morton added that aside from planning to lead the Tories, he would also merge the ruling party with the Wildrose Alliance. The alliance’s officials dismissed Morton’s ambition to merge the two parties.

Stelmach appointed Lloyd Snelgrove to replace Morton. Snelgrove, being a long-time friend of the premier, is expected to cooperate with Stelmach in proposing a budget with no major cuts. Morton wanted to include deep service cuts to balance Alberta’s books as soon as possible.

A veteran Tory opined that the series of events would probably lead to a provincial election, at the latest by June 15. Stelmach did not provide a timetable for stepping down, except that he would pass a budget before he left office.

Despite Morton’s resignation as Finance Minister, he kept his post as a member of the Legislative Assembly of Alberta.

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IMF urges Washington to cut budget deficit

Vittorio Hernandez – AHN News

D.C., Washington, United States (AHN) – The International Monetary Fund urged Washington Thursday to reduce its budget deficit.

The multilateral agency pointed out unless the United States government acts quickly to control government deficits, it could face slower growth and more difficult policy choices in the future.

The warning came a day after the U.S. Congressional Budget Office released its mid-year assessment in which the watchdog forecast a $1.5 trillion budget gap for the current year.

IMF Fiscal Affairs Director Carlo Cottarelli stressed that while the U.S. has a lot of credibility, it could not last forever. Cottarelli chided U.S. leaders for reneging on its promise made to other leading economies to reduce by half its budget deficit by 2013.

In response to the IMF report, White House Press Secretary Robert Gibbs said the ballooning budget deficit was the result of many years of spending by different administrations, and the solution must come from joint efforts of Democrats and Republicans.

While President Barack Obama had called for a freeze on discretionary spending at the State of the Union address this week, the IMF said Washington needs to make more spending cuts on pension and health entitlement programs.

The CBO report led Republicans to seek large and immediate cuts in federal spending. The Republican Study Committee proposed a $2.5 trillion cut in spending over 10 years. Republicans in the Senate said they would pursue again a constitutional amendment mandating balanced national budget.

Democrats rejected the study committee’s proposal because it would result in cutting important programs and unemployment of more than one million workers.

The IMF said the U.S. is not the only world power that failed in reducing its deficit. The agency also cited Japan, which suffered Thursday a downgrade in its bond rating to AA- from AA from ratings agency Standard & Poor.

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Ford shares drop after 4Q profit

Kris Alingod – AHN News Contributor

Dearborn, MI, United States (AHN) – Shares of Ford dropped on Friday after the automaker reported dismal fourth-quarter earnings.

Stocks dropped more than 11 percent upon news that the Dearborn-based company’s profit plunged 79 percent in the last three months.

Ford said net income from October through December was $190 million, or 5 cents a share, down from from $886 million, or 25 cents, a year ago.

Profit was negatively affected by a $960 million charge related to an ongoing effort to reduce its debt. The debt conversion charge during the quarter reduced the company’s debt by $1.9 billion.

Revenue rose $1.6 billion to $32.5 billion. Sales rose by 35 percent in Asia Pacific and Africa but fell in Europe, where the automaker previously decided to reduce its participation in low-margin businesses.

Europe was the only segment to report a profit loss. There, Ford lost $51 million, compared to a profit of $253 million during the fourth quarter a year ago.

Pre-tax profit in Asia Pacific and Africa rose to $23 million, from $16 million last year. In North America, profit was $670 million, $59 million more than a year ago.

For the full 2010 fiscal year, revenue was $120.9 billion, an increase of $17 billion from last year. Net income for the full year was $6.6 billion, a $3.8 billion increase and Ford’s largest profit for more than a decade.

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British supermarket giant eyes India expansion

Vittorio Hernandez – AHN News

London, England, United Kingdom (AHN) – Britain’s largest supermarket Tesco is the likely beneficiary of a planned lifting of restriction on foreign investments by the Indian government.

Indian Corporate Affairs Minister Jyotiraditya Scindia on Thursday supported the lifting of a restriction on foreign investments for certain sectors, such as retail. He suggested the end of the ban following a 35 percent drop in foreign direct investment in 2010.

The minister’s statement was made a week after British Business Secretary Vince Cable visited India and lobbied Indian Commerce Minister Anand Sharma to ease rules on foreign direct investments in several sectors such as higher education, defense, financial services and retail.

The push is timely because Tesco is eyeing expansion into India. The British grocer has formed an alliance with Tata Group, one of India’s largest conglomerates, to help open a new hypermarket chain, warehousing and supply system.

New Delhi is open to foreign investments to establish new cold chain logistics systems and warehousing facilities to prevent the loss of up to 40 percent of its food produce that ends up rotten before it reaches the market. Over 17 million tons of food grain worth $3 billion (GBP 2 billion) were spoiled in 2010 due to lack of storage facilities.

Outgoing Tesco Chief Executive Sir Terry Leahy, who is attending the World Economic Forum in Davos, said he favored the creation of new supply chains that are sustainable to address needed changes in models of mass consumption, particularly for large consumer markets such as India and China.

Leahy disclosed that after he retires from Tesco, he will be involved in private investment in the U.K. and Asia, which he conceded is a vital market for the British retailer.

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Showtime/CBS Join Top Rank to package Pac-Man vs. Mosley bout

AHN Sports Staff

NY, NY, United States (AHN Sports) – Showtime Networks Inc. and CBS have joined forces with Top Rank, Inc. to promote, produce and distribute the biggest boxing event of the year—the May 7th showdown between global superstar and Philippine Congressman Manny Pacquiao and three-division world champion “Sugar” Shane Mosley.

The partnership was jointly announced Wednesday by Ken Hershman, Executive Vice President and General Manager, Showtime Sports, and Bob Arum, Top Rank CEO.

The agreement brings together Pacquiao, the top athlete and personality in the sport, with Showtime, the fastest growing premium television network in the U.S., and its parent company CBS Corporation whose programming and media assets span network and local television, pay and basic cable, radio, outdoor and online.

The campaign will include the SHOWTIME Sports documentary series FIGHT CAMP 360° in preview of Pacquiao vs. Mosley. The top rated CBS Television Network will participate by broadcasting a primetime special of the show in April.

“The arrangement with CBS and Showtime regarding the promotion and distribution of the Pacquiao vs. Mosley championship event represents a new opportunity for the sport of boxing.

It enables boxing to reach millions more people in the United States given the reach of CBS, the most watched television network in the country. This development will not only benefit Manny Pacquiao and Shane Mosley but all of the young men participating in the sport of boxing,” said Arum.

Hershman said, “We look forward to combining Showtime Sports’ production and distribution expertise with Top Rank’s promotional power and the amazing programming and marketing resources available to us across CBS to present the biggest boxing event of 2011.”

On May 7, Pacquiao will fight under the SHOWTIME PPV banner for the first time, bringing it the highest profile and biggest revenue generating athlete in boxing whose fights over the past two years have garnered nearly 4 million pay per view buys and unrivaled box office receipts.

The event marks the first SHOWTIME PPV event since 2005′s Diego Corrales vs. Jose Luis Castillo II.

“Pay per view has been an opportunistic play for SHOWTIME Sports in recent years,” Hershman continued. “In Pacquiao, we have a global celebrity and unquestionably the most popular boxer of this era attempting to continue his dominance in the ring against Shane Mosley, one of the most talented and recognizable fighters of today not named Manny Pacquiao.”

“With this marquee match up, Pacquiao’s proven track record in pay per view and CBS’s participation, this is the perfect opportunity for Showtime to be back in the pay per view business and in a big way.”

Showtime has a long history of success in pay per view dating back to the 1990s. In 1997, the SHOWTIME PPV presentation of Mike Tyson vs. Evander Holyfield II garnered the most pay per view buys for any sport or entertainment event in history. T

he 1.99 million buys stood as the industry benchmark for nearly 10 years, until being surpassed in May 2007.

Additional details about the May 7th event, including ticket information for the MGM Grand Garden Arena and undercard fights are to be announced.

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Study: Tiger population could be increased three folds

Anil Giri – AHN News Correspondent

Kathmandu, Nepal (AHN) – A recent research carried out by the renowned conservation scientists has reveled that Asia could host more than 10,000 wild big cats, if they are managed as large-scale landscapes that allow for connectivity between core breeding sites.

Wild tiger numbers have declined from about 100,000 in the early 1900s to as few as 3,200 today due to poaching of tigers and their prey, habitat destruction and human/tiger conflict.

Most of the remaining tigers are scattered in small, isolated pockets across their range in 13 Asian countries.

Last November, during a summit of all 13 tiger range countries in Russia, had reaffirmed that that thy will double the population of the tiger by double by 2022.

The study entitled, “A Landscape-Based Conservation Strategy to Double the Wild Tiger Population” finds that the commitment to double tiger numbers is not only possible, but can be exceeded. However, it will take a global effort to ensure that core breeding reserves are maintained and connected via habitat corridors, it said.

Nepal, China, India and Bangladesh are having major chunk of tiger population. India is home to the world’s largest population of tigers in the wild.

Of the 3,500 tigers remaining around the world, 1,400 are found in India. Altogether there are 155 adult tigers in Nepal according to the latest census.

“In the midst of a crisis, it’s tempting to circle the wagons and only protect a limited number of core protected areas, but we can and should do better,” said WWF Chief Scientist Dr. Eric Dinerstein, a co-author of the study. “We absolutely need to stop the bleeding — the poaching of tigers and their prey in core breeding areas — but we need to go much further and secure larger tiger landscapes before it is too late.”

The authors found that the 20 priority tiger conservation habitats with the highest probability of long-term tiger survival could support more than 10,500 tigers, including about 3,400 breeding females.

In the jungles of lowland Nepal, tiger numbers crashed during civil conflict from 2002 to 2006. However, tigers did not disappear entirely because Nepal and India’s tiger reserves are linked by forest corridors, which likely allowed for replenishment from India.

Besides poaching and habitat loss, the $7.5 trillion in infrastructure projects like roads, dams and mines that will be invested in Asia over the next decade threatens tiger landscapes. A focus only on core sites and protected areas like reserves, instead of larger landscapes, could be seen by developers and politicians as a green light to move forward with harmful infrastructure projects outside of core sites.

“Following the St. Petersburg Declaration, Nepal has committed to the goal of doubling wild tiger numbers across our country by 2022,” said Deepak Bohara, Nepal’s Minister for Forests and Soil Conservation. “This analysis shows that it can be done, not just in Nepal, but, if done right with careful study and planning, across the entire tiger range. It is also worth noting that tiger conservation provides carbon credits, protects water resources, and complements community development efforts. Thus, it is important to promote regional cooperation to maintain a healthy tiger corridor between different reserves.”

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Text of the State of the Union Address Tuesday, January 25, 2011

Washington, DC, United States (AHN) – Remarks of President Barack Obama – As Prepared for Delivery

State of the Union Address. Tuesday, January 25, 2011

As Prepared for Delivery—

Mr. Speaker, Mr. Vice President, Members of Congress, distinguished guests, and fellow Americans:

Tonight I want to begin by congratulating the men and women of the 112th Congress, as well as your new Speaker, John Boehner. And as we mark this occasion, we are also mindful of the empty chair in this Chamber, and pray for the health of our colleague – and our friend – Gabby Giffords.

It’s no secret that those of us here tonight have had our differences over the last two years. The debates have been contentious; we have fought fiercely for our beliefs. And that’s a good thing. That’s what a robust democracy demands. That’s what helps set us apart as a nation.

But there’s a reason the tragedy in Tucson gave us pause. Amid all the noise and passions and rancor of our public debate, Tucson reminded us that no matter who we are or where we come from, each of us is a part of something greater – something more consequential than party or political preference.

We are part of the American family. We believe that in a country where every race and faith and point of view can be found, we are still bound together as one people; that we share common hopes and a common creed; that the dreams of a little girl in Tucson are not so different than those of our own children, and that they all deserve the chance to be fulfilled.

That, too, is what sets us apart as a nation.

Now, by itself, this simple recognition won’t usher in a new era of cooperation. What comes of this moment is up to us. What comes of this moment will be determined not by whether we can sit together tonight, but whether we can work together tomorrow.

I believe we can. I believe we must. That’s what the people who sent us here expect of us. With their votes, they’ve determined that governing will now be a shared responsibility between parties. New laws will only pass with support from Democrats and Republicans. We will move forward together, or not at all – for the challenges we face are bigger than party, and bigger than politics.

At stake right now is not who wins the next election – after all, we just had an election. At stake is whether new jobs and industries take root in this country, or somewhere else. It’s whether the hard work and industry of our people is rewarded. It’s whether we sustain the leadership that has made America not just a place on a map, but a light to the world.

We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.

But we have never measured progress by these yardsticks alone. We measure progress by the success of our people. By the jobs they can find and the quality of life those jobs offer. By the prospects of a small business owner who dreams of turning a good idea into a thriving enterprise. By the opportunities for a better life that we pass on to our children.

That’s the project the American people want us to work on. Together.

We did that in December. Thanks to the tax cuts we passed, Americans’ paychecks are a little bigger today. Every business can write off the full cost of the new investments they make this year. These steps, taken by Democrats and Republicans, will grow the economy and add to the more than one million private sector jobs created last year.

But we have more work to do. The steps we’ve taken over the last two years may have broken the back of this recession – but to win the future, we’ll need to take on challenges that have been decades in the making.

Many people watching tonight can probably remember a time when finding a good job meant showing up at a nearby factory or a business downtown. You didn’t always need a degree, and your competition was pretty much limited to your neighbors. If you worked hard, chances are you’d have a job for life, with a decent paycheck, good benefits, and the occasional promotion. Maybe you’d even have the pride of seeing your kids work at the same company.

That world has changed. And for many, the change has been painful. I’ve seen it in the shuttered windows of once booming factories, and the vacant storefronts of once busy Main Streets. I’ve heard it in the frustrations of Americans who’ve seen their paychecks dwindle or their jobs disappear – proud men and women who feel like the rules have been changed in the middle of the game.

They’re right. The rules have changed. In a single generation, revolutions in technology have transformed the way we live, work and do business. Steel mills that once needed 1,000 workers can now do the same work with 100. Today, just about any company can set up shop, hire workers, and sell their products wherever there’s an internet connection.

Meanwhile, nations like China and India realized that with some changes of their own, they could compete in this new world. And so they started educating their children earlier and longer, with greater emphasis on math and science. They’re investing in research and new technologies. Just recently, China became home to the world’s largest private solar research facility, and the world’s fastest computer.

So yes, the world has changed. The competition for jobs is real. But this shouldn’t discourage us. It should challenge us. Remember – for all the hits we’ve taken these last few years, for all the naysayers predicting our decline, America still has the largest, most prosperous economy in the world. No workers are more productive than ours. No country has more successful companies, or grants more patents to inventors and entrepreneurs. We are home to the world’s best colleges and universities, where more students come to study than any other place on Earth.

What’s more, we are the first nation to be founded for the sake of an idea – the idea that each of us deserves the chance to shape our own destiny. That is why centuries of pioneers and immigrants have risked everything to come here. It’s why our students don’t just memorize equations, but answer questions like “What do you think of that idea? What would you change about the world? What do you want to be when you grow up?”

The future is ours to win. But to get there, we can’t just stand still. As Robert Kennedy told us, “The future is not a gift. It is an achievement.” Sustaining the American Dream has never been about standing pat. It has required each generation to sacrifice, and struggle, and meet the demands of a new age.

Now it’s our turn. We know what it takes to compete for the jobs and industries of our time. We need to out-innovate, out-educate, and out-build the rest of the world. We have to make America the best place on Earth to do business. We need to take responsibility for our deficit, and reform our government. That’s how our people will prosper. That’s how we’ll win the future. And tonight, I’d like to talk about how we get there.

The first step in winning the future is encouraging American innovation.

None of us can predict with certainty what the next big industry will be, or where the new jobs will come from. Thirty years ago, we couldn’t know that something called the Internet would lead to an economic revolution. What we can do – what America does better than anyone – is spark the creativity and imagination of our people. We are the nation that put cars in driveways and computers in offices; the nation of Edison and the Wright brothers; of Google and Facebook. In America, innovation doesn’t just change our lives. It’s how we make a living.

Our free enterprise system is what drives innovation. But because it’s not always profitable for companies to invest in basic research, throughout history our government has provided cutting-edge scientists and inventors with the support that they need. That’s what planted the seeds for the Internet. That’s what helped make possible things like computer chips and GPS.

Just think of all the good jobs – from manufacturing to retail – that have come from those breakthroughs.

Half a century ago, when the Soviets beat us into space with the launch of a satellite called Sputnik¸ we had no idea how we’d beat them to the moon. The science wasn’t there yet. NASA didn’t even exist. But after investing in better research and education, we didn’t just surpass the Soviets; we unleashed a wave of innovation that created new industries and millions of new jobs.

This is our generation’s Sputnik moment. Two years ago, I said that we needed to reach a level of research and development we haven’t seen since the height of the Space Race. In a few weeks, I will be sending a budget to Congress that helps us meet that goal. We’ll invest in biomedical research, information technology, and especially clean energy technology – an investment that will strengthen our security, protect our planet, and create countless new jobs for our people.

Already, we are seeing the promise of renewable energy. Robert and Gary Allen are brothers who run a small Michigan roofing company. After September 11th, they volunteered their best roofers to help repair the Pentagon. But half of their factory went unused, and the recession hit them hard.

Today, with the help of a government loan, that empty space is being used to manufacture solar shingles that are being sold all across the country. In Robert’s words, “We reinvented ourselves.”

That’s what Americans have done for over two hundred years: reinvented ourselves. And to spur on more success stories like the Allen Brothers, we’ve begun to reinvent our energy policy. We’re not just handing out money. We’re issuing a challenge. We’re telling America’s scientists and engineers that if they assemble teams of the best minds in their fields, and focus on the hardest problems in clean energy, we’ll fund the Apollo Projects of our time.

At the California Institute of Technology, they’re developing a way to turn sunlight and water into fuel for our cars. At Oak Ridge National Laboratory, they’re using supercomputers to get a lot more power out of our nuclear facilities. With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have 1 million electric vehicles on the road by 2015.

We need to get behind this innovation. And to help pay for it, I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don’t know if you’ve noticed, but they’re doing just fine on their own. So instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s.

Now, clean energy breakthroughs will only translate into clean energy jobs if businesses know there will be a market for what they’re selling. So tonight, I challenge you to join me in setting a new goal: by 2035, 80% of America’s electricity will come from clean energy sources. Some folks want wind and solar. Others want nuclear, clean coal, and natural gas. To meet this goal, we will need them all – and I urge Democrats and Republicans to work together to make it happen.

Maintaining our leadership in research and technology is crucial to America’s success. But if we want to win the future – if we want innovation to produce jobs in America and not overseas – then we also have to win the race to educate our kids.

Think about it. Over the next ten years, nearly half of all new jobs will require education that goes beyond a high school degree. And yet, as many as a quarter of our students aren’t even finishing high school. The quality of our math and science education lags behind many other nations. America has fallen to 9th in the proportion of young people with a college degree. And so the question is whether all of us – as citizens, and as parents – are willing to do what’s necessary to give every child a chance to succeed.

That responsibility begins not in our classrooms, but in our homes and communities. It’s family that first instills the love of learning in a child. Only parents can make sure the TV is turned off and homework gets done. We need to teach our kids that it’s not just the winner of the Super Bowl who deserves to be celebrated, but the winner of the science fair; that success is not a function of fame or PR, but of hard work and discipline.

Our schools share this responsibility. When a child walks into a classroom, it should be a place of high expectations and high performance. But too many schools don’t meet this test. That’s why instead of just pouring money into a system that’s not working, we launched a competition called Race to the Top. To all fifty states, we said, “If you show us the most innovative plans to improve teacher quality and student achievement, we’ll show you the money.”

Race to the Top is the most meaningful reform of our public schools in a generation. For less than one percent of what we spend on education each year, it has led over 40 states to raise their standards for teaching and learning. These standards were developed, not by Washington, but by Republican and Democratic governors throughout the country. And Race to the Top should be the approach we follow this year as we replace No Child Left Behind with a law that is more flexible and focused on what’s best for our kids.

You see, we know what’s possible for our children when reform isn’t just a top-down mandate, but the work of local teachers and principals; school boards and communities.

Take a school like Bruce Randolph in Denver. Three years ago, it was rated one of the worst schools in Colorado; located on turf between two rival gangs. But last May, 97% of the seniors received their diploma. Most will be the first in their family to go to college. And after the first year of the school’s transformation, the principal who made it possible wiped away tears when a student said “Thank you, Mrs. Waters, for showing… that we are smart and we can make it.”

Let’s also remember that after parents, the biggest impact on a child’s success comes from the man or woman at the front of the classroom. In South Korea, teachers are known as “nation builders.” Here in America, it’s time we treated the people who educate our children with the same level of respect. We want to reward good teachers and stop making excuses for bad ones. And over the next ten years, with so many Baby Boomers retiring from our classrooms, we want to prepare 100,000 new teachers in the fields of science, technology, engineering, and math.

In fact, to every young person listening tonight who’s contemplating their career choice: If you want to make a difference in the life of our nation; if you want to make a difference in the life of a child – become a teacher. Your country needs you.

Of course, the education race doesn’t end with a high school diploma. To compete, higher education must be within reach of every American. That’s why we’ve ended the unwarranted taxpayer subsidies that went to banks, and used the savings to make college affordable for millions of students. And this year, I ask Congress to go further, and make permanent our tuition tax credit – worth $10,000 for four years of college.

Because people need to be able to train for new jobs and careers in today’s fast-changing economy, we are also revitalizing America’s community colleges. Last month, I saw the promise of these schools at Forsyth Tech in North Carolina. Many of the students there used to work in the surrounding factories that have since left town. One mother of two, a woman named Kathy Proctor, had worked in the furniture industry since she was 18 years old. And she told me she’s earning her degree in biotechnology now, at 55 years old, not just because the furniture jobs are gone, but because she wants to inspire her children to pursue their dreams too. As Kathy said, “I hope it tells them to never give up.”

If we take these steps – if we raise expectations for every child, and give them the best possible chance at an education, from the day they’re born until the last job they take – we will reach the goal I set two years ago: by the end of the decade, America will once again have the highest proportion of college graduates in the world.

One last point about education. Today, there are hundreds of thousands of students excelling in our schools who are not American citizens. Some are the children of undocumented workers, who had nothing to do with the actions of their parents. They grew up as Americans and pledge allegiance to our flag, and yet live every day with the threat of deportation. Others come here from abroad to study in our colleges and universities. But as soon as they obtain advanced degrees, we send them back home to compete against us. It makes no sense.

Now, I strongly believe that we should take on, once and for all, the issue of illegal immigration. I am prepared to work with Republicans and Democrats to protect our borders, enforce our laws and address the millions of undocumented workers who are now living in the shadows. I know that debate will be difficult and take time. But tonight, let’s agree to make that effort. And let’s stop expelling talented, responsible young people who can staff our research labs, start new businesses, and further enrich this nation.

The third step in winning the future is rebuilding America. To attract new businesses to our shores, we need the fastest, most reliable ways to move people, goods, and information – from high-speed rail to high-speed internet.

Our infrastructure used to be the best – but our lead has slipped. South Korean homes now have greater internet access than we do. Countries in Europe and Russia invest more in their roads and railways than we do. China is building faster trains and newer airports. Meanwhile, when our own engineers graded our nation’s infrastructure, they gave us a “D.”

We have to do better. America is the nation that built the transcontinental railroad, brought electricity to rural communities, and constructed the interstate highway system. The jobs created by these projects didn’t just come from laying down tracks or pavement. They came from businesses that opened near a town’s new train station or the new off-ramp.

Over the last two years, we have begun rebuilding for the 21st century, a project that has meant thousands of good jobs for the hard-hit construction industry. Tonight, I’m proposing that we redouble these efforts.

We will put more Americans to work repairing crumbling roads and bridges. We will make sure this is fully paid for, attract private investment, and pick projects based on what’s best for the economy, not politicians.

Within 25 years, our goal is to give 80% of Americans access to high-speed rail, which could allow you go places in half the time it takes to travel by car. For some trips, it will be faster than flying – without the pat-down. As we speak, routes in California and the Midwest are already underway.

Within the next five years, we will make it possible for business to deploy the next generation of high-speed wireless coverage to 98% of all Americans. This isn’t just about a faster internet and fewer dropped calls. It’s about connecting every part of America to the digital age. It’s about a rural community in Iowa or Alabama where farmers and small business owners will be able to sell their products all over the world. It’s about a firefighter who can download the design of a burning building onto a handheld device; a student who can take classes with a digital textbook; or a patient who can have face-to-face video chats with her doctor.

All these investments – in innovation, education, and infrastructure – will make America a better place to do business and create jobs. But to help our companies compete, we also have to knock down barriers that stand in the way of their success.

Over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries. Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change.

So tonight, I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years – without adding to our deficit.

To help businesses sell more products abroad, we set a goal of doubling our exports by 2014 – because the more we export, the more jobs we create at home. Already, our exports are up. Recently, we signed agreements with India and China that will support more than 250,000 jobs in the United States. And last month, we finalized a trade agreement with South Korea that will support at least 70,000 American jobs. This agreement has unprecedented support from business and labor; Democrats and Republicans, and I ask this Congress to pass it as soon as possible.

Before I took office, I made it clear that we would enforce our trade agreements, and that I would only sign deals that keep faith with American workers, and promote American jobs. That’s what we did with Korea, and that’s what I intend to do as we pursue agreements with Panama and Colombia, and continue our Asia Pacific and global trade talks.

To reduce barriers to growth and investment, I’ve ordered a review of government regulations. When we find rules that put an unnecessary burden on businesses, we will fix them. But I will not hesitate to create or enforce commonsense safeguards to protect the American people. That’s what we’ve done in this country for more than a century. It’s why our food is safe to eat, our water is safe to drink, and our air is safe to breathe. It’s why we have speed limits and child labor laws. It’s why last year, we put in place consumer protections against hidden fees and penalties by credit card companies, and new rules to prevent another financial crisis. And it’s why we passed reform that finally prevents the health insurance industry from exploiting patients.

Now, I’ve heard rumors that a few of you have some concerns about the new health care law. So let me be the first to say that anything can be improved. If you have ideas about how to improve this law by making care better or more affordable, I am eager to work with you. We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses.

What I’m not willing to do is go back to the days when insurance companies could deny someone coverage because of a pre-existing condition. I’m not willing to tell James Howard, a brain cancer patient from Texas, that his treatment might not be covered. I’m not willing to tell Jim Houser, a small business owner from Oregon, that he has to go back to paying $5,000 more to cover his employees. As we speak, this law is making prescription drugs cheaper for seniors and giving uninsured students a chance to stay on their parents’ coverage. So instead of re-fighting the battles of the last two years, let’s fix what needs fixing and move forward.

Now, the final step – a critical step – in winning the future is to make sure we aren’t buried under a mountain of debt.

We are living with a legacy of deficit-spending that began almost a decade ago. And in the wake of the financial crisis, some of that was necessary to keep credit flowing, save jobs, and put money in people’s pockets.

But now that the worst of the recession is over, we have to confront the fact that our government spends more than it takes in. That is not sustainable. Every day, families sacrifice to live within their means. They deserve a government that does the same.

So tonight, I am proposing that starting this year, we freeze annual domestic spending for the next five years. This would reduce the deficit by more than $400 billion over the next decade, and will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was president.

This freeze will require painful cuts. Already, we have frozen the salaries of hardworking federal employees for the next two years. I’ve proposed cuts to things I care deeply about, like community action programs. The Secretary of Defense has also agreed to cut tens of billions of dollars in spending that he and his generals believe our military can do without.

I recognize that some in this Chamber have already proposed deeper cuts, and I’m willing to eliminate whatever we can honestly afford to do without. But let’s make sure that we’re not doing it on the backs of our most vulnerable citizens. And let’s make sure what we’re cutting is really excess weight. Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may feel like you’re flying high at first, but it won’t take long before you’ll feel the impact.

Now, most of the cuts and savings I’ve proposed only address annual domestic spending, which represents a little more than 12% of our budget. To make further progress, we have to stop pretending that cutting this kind of spending alone will be enough. It won’t.

The bipartisan Fiscal Commission I created last year made this crystal clear. I don’t agree with all their proposals, but they made important progress. And their conclusion is that the only way to tackle our deficit is to cut excessive spending wherever we find it – in domestic spending, defense spending, health care spending, and spending through tax breaks and loopholes.

This means further reducing health care costs, including programs like Medicare and Medicaid, which are the single biggest contributor to our long-term deficit. Health insurance reform will slow these rising costs, which is part of why nonpartisan economists have said that repealing the health care law would add a quarter of a trillion dollars to our deficit. Still, I’m willing to look at other ideas to bring down costs, including one that Republicans suggested last year: medical malpractice reform to rein in frivolous lawsuits.

To put us on solid ground, we should also find a bipartisan solution to strengthen Social Security for future generations. And we must do it without putting at risk current retirees, the most vulnerable, or people with disabilities; without slashing benefits for future generations; and without subjecting Americans’ guaranteed retirement income to the whims of the stock market.

And if we truly care about our deficit, we simply cannot afford a permanent extension of the tax cuts for the wealthiest 2% of Americans. Before we take money away from our schools, or scholarships away from our students, we should ask millionaires to give up their tax break.

It’s not a matter of punishing their success. It’s about promoting America’s success.

In fact, the best thing we could do on taxes for all Americans is to simplify the individual tax code. This will be a tough job, but members of both parties have expressed interest in doing this, and I am prepared to join them.

So now is the time to act. Now is the time for both sides and both houses of Congress – Democrats and Republicans – to forge a principled compromise that gets the job done. If we make the hard choices now to rein in our deficits, we can make the investments we need to win the future.

Let me take this one step further. We shouldn’t just give our people a government that’s more affordable. We should give them a government that’s more competent and efficient. We cannot win the future with a government of the past.

We live and do business in the information age, but the last major reorganization of the government happened in the age of black and white TV. There are twelve different agencies that deal with exports. There are at least five different entities that deal with housing policy. Then there’s my favorite example: the Interior Department is in charge of salmon while they’re in fresh water, but the Commerce Department handles them in when they’re in saltwater. And I hear it gets even more complicated once they’re smoked.

Now, we have made great strides over the last two years in using technology and getting rid of waste. Veterans can now download their electronic medical records with a click of the mouse. We’re selling acres of federal office space that hasn’t been used in years, and we will cut through red tape to get rid of more. But we need to think bigger. In the coming months, my administration will develop a proposal to merge, consolidate, and reorganize the federal government in a way that best serves the goal of a more competitive America. I will submit that proposal to Congress for a vote – and we will push to get it passed.

In the coming year, we will also work to rebuild people’s faith in the institution of government. Because you deserve to know exactly how and where your tax dollars are being spent, you will be able to go to a website and get that information for the very first time in history. Because you deserve to know when your elected officials are meeting with lobbyists, I ask Congress to do what the White House has already done: put that information online. And because the American people deserve to know that special interests aren’t larding up legislation with pet projects, both parties in Congress should know this: if a bill comes to my desk with earmarks inside, I will veto it.

A 21st century government that’s open and competent. A government that lives within its means. An economy that’s driven by new skills and ideas. Our success in this new and changing world will require reform, responsibility, and innovation. It will also require us to approach that world with a new level of engagement in our foreign affairs.

Just as jobs and businesses can now race across borders, so can new threats and new challenges. No single wall separates East and West; no one rival superpower is aligned against us.

And so we must defeat determined enemies wherever they are, and build coalitions that cut across lines of region and race and religion. America’s moral example must always shine for all who yearn for freedom, justice, and dignity. And because we have begun this work, tonight we can say that American leadership has been renewed and America’s standing has been restored.

Look to Iraq, where nearly 100,000 of our brave men and women have left with their heads held high; where American combat patrols have ended; violence has come down; and a new government has been formed. This year, our civilians will forge a lasting partnership with the Iraqi people, while we finish the job of bringing our troops out of Iraq. America’s commitment has been kept; the Iraq War is coming to an end.

Of course, as we speak, al Qaeda and their affiliates continue to plan attacks against us. Thanks to our intelligence and law enforcement professionals, we are disrupting plots and securing our cities and skies. And as extremists try to inspire acts of violence within our borders, we are responding with the strength of our communities, with respect for the rule of law, and with the conviction that American Muslims are a part of our American family.

We have also taken the fight to al Qaeda and their allies abroad. In Afghanistan, our troops have taken Taliban strongholds and trained Afghan Security Forces. Our purpose is clear – by preventing the Taliban from reestablishing a stranglehold over the Afghan people, we will deny al Qaeda the safe-haven that served as a launching pad for 9/11.

Thanks to our heroic troops and civilians, fewer Afghans are under the control of the insurgency. There will be tough fighting ahead, and the Afghan government will need to deliver better governance. But we are strengthening the capacity of the Afghan people and building an enduring partnership with them. This year, we will work with nearly 50 countries to begin a transition to an Afghan lead. And this July, we will begin to bring our troops home.

In Pakistan, al Qaeda’s leadership is under more pressure than at any point since 2001. Their leaders and operatives are being removed from the battlefield. Their safe-havens are shrinking. And we have sent a message from the Afghan border to the Arabian Peninsula to all parts of the globe: we will not relent, we will not waver, and we will defeat you.

American leadership can also be seen in the effort to secure the worst weapons of war. Because Republicans and Democrats approved the New START Treaty, far fewer nuclear weapons and launchers will be deployed. Because we rallied the world, nuclear materials are being locked down on every continent so they never fall into the hands of terrorists.

Because of a diplomatic effort to insist that Iran meet its obligations, the Iranian government now faces tougher and tighter sanctions than ever before. And on the Korean peninsula, we stand with our ally South Korea, and insist that North Korea keeps its commitment to abandon nuclear weapons.

This is just a part of how we are shaping a world that favors peace and prosperity. With our European allies, we revitalized NATO, and increased our cooperation on everything from counter-terrorism to missile defense. We have reset our relationship with Russia, strengthened Asian alliances, and built new partnerships with nations like India. This March, I will travel to Brazil, Chile, and El Salvador to forge new alliances for progress in the Americas. Around the globe, we are standing with those who take responsibility – helping farmers grow more food; supporting doctors who care for the sick; and combating the corruption that can rot a society and rob people of opportunity.

Recent events have shown us that what sets us apart must not just be our power – it must be the purpose behind it. In South Sudan – with our assistance – the people were finally able to vote for independence after years of war. Thousands lined up before dawn. People danced in the streets. One man who lost four of his brothers at war summed up the scene around him: “This was a battlefield for most of my life. Now we want to be free.”

We saw that same desire to be free in Tunisia, where the will of the people proved more powerful than the writ of a dictator. And tonight, let us be clear: the United States of America stands with the people of Tunisia, and supports the democratic aspirations of all people.

We must never forget that the things we’ve struggled for, and fought for, live in the hearts of people everywhere. And we must always remember that the Americans who have borne the greatest burden in this struggle are the men and women who serve our country.

Tonight, let us speak with one voice in reaffirming that our nation is united in support of our troops and their families. Let us serve them as well as they have served us – by giving them the equipment they need; by providing them with the care and benefits they have earned; and by enlisting our veterans in the great task of building our own nation.

Our troops come from every corner of this country – they are black, white, Latino, Asian and Native American. They are Christian and Hindu, Jewish and Muslim. And, yes, we know that some of them are gay. Starting this year, no American will be forbidden from serving the country they love because of who they love. And with that change, I call on all of our college campuses to open their doors to our military recruiters and the ROTC. It is time to leave behind the divisive battles of the past. It is time to move forward as one nation.

We should have no illusions about the work ahead of us. Reforming our schools; changing the way we use energy; reducing our deficit – none of this is easy. All of it will take time. And it will be harder because we will argue about everything. The cost. The details. The letter of every law.

Of course, some countries don’t have this problem. If the central government wants a railroad, they get a railroad – no matter how many homes are bulldozed. If they don’t want a bad story in the newspaper, it doesn’t get written.

And yet, as contentious and frustrating and messy as our democracy can sometimes be, I know there isn’t a person here who would trade places with any other nation on Earth.

We may have differences in policy, but we all believe in the rights enshrined in our Constitution. We may have different opinions, but we believe in the same promise that says this is a place where you can make it if you try. We may have different backgrounds, but we believe in the same dream that says this is a country where anything’s possible. No matter who you are. No matter where you come from.

That dream is why I can stand here before you tonight. That dream is why a working class kid from Scranton can stand behind me. That dream is why someone who began by sweeping the floors of his father’s Cincinnati bar can preside as Speaker of the House in the greatest nation on Earth.

That dream – that American Dream – is what drove the Allen Brothers to reinvent their roofing company for a new era. It’s what drove those students at Forsyth Tech to learn a new skill and work towards the future. And that dream is the story of a small business owner named Brandon Fisher.

Brandon started a company in Berlin, Pennsylvania that specializes in a new kind of drilling technology. One day last summer, he saw the news that halfway across the world, 33 men were trapped in a Chilean mine, and no one knew how to save them.

But Brandon thought his company could help. And so he designed a rescue that would come to be known as Plan B. His employees worked around the clock to manufacture the necessary drilling equipment. And Brandon left for Chile.

Along with others, he began drilling a 2,000 foot hole into the ground, working three or four days at a time with no sleep. Thirty-seven days later, Plan B succeeded, and the miners were rescued. But because he didn’t want all of the attention, Brandon wasn’t there when the miners emerged. He had already gone home, back to work on his next project.

Later, one of his employees said of the rescue, “We proved that Center Rock is a little company, but we do big things.”

We do big things.

From the earliest days of our founding, America has been the story of ordinary people who dare to dream. That’s how we win the future.

We are a nation that says, “I might not have a lot of money, but I have this great idea for a new company. I might not come from a family of college graduates, but I will be the first to get my degree. I might not know those people in trouble, but I think I can help them, and I need to try. I’m not sure how we’ll reach that better place beyond the horizon, but I know we’ll get there. I know we will.”

We do big things.

The idea of America endures. Our destiny remains our choice. And tonight, more than two centuries later, it is because of our people that our future is hopeful, our journey goes forward, and the state of our union is strong.

Thank you, God Bless You, and may God Bless the United States of America.

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San Francisco continues preparation for America’s Cup

Jojo Doria – AHN Sports Contributor

San Francisco, CA, United States (AHN Sports) – With the 34th edition of the America’s Cup slated to be hosted by San Francisco, focus has shifted in enhancing overall spectator experience to spurring development on the City’s waterfront.

According to advocates for the holding the America’s Cup in San Francisco, the prestigious competition is expected to bring in business and development on the southern waterfront.

Despite the reported $1.4 billion the international yachting race in 2013 expected to be infused into the Bay Area economy, critics are worried that the America’s Cup deal would force the Port of San Francisco to resort to spending money it does not have.

The issue of spending on idle projects on the San Francisco waterfront has been raised.

The Port countered such skepticisms by pointing to the City government for help.

The projected financial assistance is doubtful as San Francisco currently faces a budget deficit of nearly $400 million, according to Sfexaminer.com.

Meanwhile, Mayor Edwin Lee announced Wednesday the establishment of America’s Cup Executive Steering Committee via executive directive.

The said Committee, which reports directly to the Mayor, will oversee the City’s role and responsibilities, including all necessary investments and the resources needed in making the racing event a success.

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Kate Middleton quits job at parents’ company to prepare for royal role

Anne Lu – Celebrity News Service Contributor

London, United Kingdom (CNS) – The future queen doesn’t need to work for a living. Prince William’s bride-to-be, Kate Middleton, has quit her job at her parents’ business “to concentrate on preparing to become a member of the royal family.”

Kate worked as a project manager in Party Pieces, the family business that sells party supplies. She is also company’s website designer and photographer, with her duties including planning events, putting up together catalogues, arranging photoshoots, and attending trade fairs.

But royal aides told the Daily Mail that she left the company on Friday and “handed over her work to colleagues and is now preparing for her future life.”

A friend was quoted in Hello! magazine as saying, “Catherine [Kate's real name] is a naturally creative individual and has spent her professional life in the creative industries having worked at Jigsaw, then as a website designer, photographer, marketer and events organizer.”

“Skills she has built up in her working life translate naturally to organizing a wedding.”

And those skills may be useful in organizing her own wedding to her prince on April 29 in Westminster Abbey.

Prince William’s 29-year-old fiancée is now dividing her time between her parents’ home and her future husband’s cottage in Anglesey, North Wales, near the Royal Air Force base where William works as a search and rescue pilot.

It is still unclear whether she will go back to her original job after the wedding.

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Facebook raises $1.5bn

Ayinde O. Chase – AHN News Editor

Palo Alto, CA, United States (AHN) – Social networking giant Facebook has announced it raised $1.5 billion at a valuation of approximately $50 billion.

The news confirms rumblings which have been surrounding the site and financial world for weeks.

Financial backers which are largely Goldman Sachs also confirmed that it will start submitting public monetary reviews by April 2012 a move that is likely fuled by and coincides with an IPO.

Regulatory guidelines dictate that when a business has more than 499 shareholders, they are needed to publicly disclose their monetary outcomes and file quarterly reviews towards the U.S. Securities and Exchange Commission. Facebook mentioned it expects to pass the 500 shareholder mark within the coming months.

However its most recent large transaction consisted of two parts.

Goldman Sachs completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock.

In December, Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs invested $500 million in Facebook Class A common stock at the same valuation.

“Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing,” said David Ebersman, Facebook’s chief financial officer. “With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.”

Earlier in the week Goldman Sachs moved to restrict future investors to non U.S. customers. A stance that caused “intense media attention,” however analysts say that by retaining American traders from the pool limits the scrutiny U.S. regulators can utilize towards the offer.

Facebook has since issued a statement saying, “DST and Goldman Sachs approached Facebook to express their curiosity in producing an investment, and Facebook made the decision it was an appealing chance to bolster its money reserves and improve its monetary versatility with restricted dilution to current shareholder.”

Under the transaction’s terms, Facebook had the option to accept between $375 million and $1.5 billion from the Goldman Sachs overseas offering, at the discretion of Facebook. While the offering was oversubscribed, Facebook made a business decision to limit the offering to $1 billion.

Even before the investment from Goldman Sachs Facebook expected to start filing public financial reports no later than April 30, 2012.

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Vegas, Woodland tied in birdie-fest at Bob Hope Classic

Tom Edrington – AHN Sports Reporter

LaQuinta, CA, United States (AHN Sports) – Jhonattan Vegas is playing in only his fifth PGA Tour event but that hasn’t stopped him from going really low at the Bob Hope Classic.

Vegas shot a second straight 67 Friday and got to 18-under par after 54 holes and found himself atop the leader board with Gary Woodland, who shot a third-round 64.

The two young bombers are leading an assault on par that could again yield a winning score of 30-under par come Sunday. They are one-shot ahead of Greg Chalmers, who shot 65 at LaQuinta and is alone in second at 199, 17-under par.

Martin Laird’s 64 on the Palmer course got him to 16-under, two shots off the lead. Jeff Overton is among a group of four players at 15-under 201.

Vegas used to hit rocks with a stick as a youngster in Venezuela and found himself hooked on golf when he watched Tiger Woods win the 1997 Masters on television.

He is unafraid of his position at the top.

“It’s a lot of fun. That’s the way I take it. I’m enjoying it as much as I can because we know how complicated golf can be.”

He said his position as co-leader won’t cost him any sleep either. “Leading a golf tournament is not going to cut into my sleep. I’m going to just keep doing what I’ve been doing,” he said.

Vegas has been accurate all week off the tee, and he’s been long as well. Same with Woodland, who is playing on a medical extension after recovering from shoulder problems.

Saturday is the final day of the pro-am format.. The pros will move on to the Palmer course on Sunday in a shootout for the title.

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More than 98 percent of voters in Southern Sudan vote for independence

Kris Alingod – AHN News Contributor

Juba, Sudan (AHN) – Southern Sudan has voted overwhelmingly to become an independent nation, according to preliminary results.

More than 98 percent of voters in the region chose to secede from Sudan in northeastern Africa, the initial tally maintained by the Southern Sudan Referendum Commission showed.

Sixty percent of the region’s 3.9 million registered voters were required for secession.

Votes from some areas, including 27 percent from the south, have not been counted. The SSRC is scheduled to declare the final results on Feb. 14.

The election ended last Saturday with international observers praising the way elections were conducted.

The referendum was held as part of a 2005 peace agreement that established a provisional government shared by the Muslim-dominated northern region and the mostly Christian and oil-rich south. The two sides were engaged in civil war for decades until the accord mediated by the United States.

The Sudan People’s Liberation Movement, which led the fight for autonomy in the second civil war between the north and south, had declared as early as the third day of voting that the 60 percent threshold had been passed.

Sudanese president Omar al-Bashir has said he will abide by the election results. Bashir was charged in 2008 by the International Criminal Court with genocide for his role in the crisis in the western region of Darfur, where civilians from non-Arab tribes have been under attack by rebels.

Independence would mean the Southern Sudan, which is more impoverished than the north and lacks basic services such as water and primary schools, gains control of about 80 percent of Sudan’s oil reserves.

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Forecast rises $18 billion for Japan’s deficit

Linda Young – AHN News Writer

Tokyo, Japan (AHN) – The official forecast for Japan’s annual budget shortfall has worsened and it could reach $280 billion by March 2020, an increase of $18.14 billion over earlier estimates.

Japan had originally announced plans to turn its budget deficit into a surplus by 2020.

News of the worsening deficit situation provides more impetus for government politicians who were already pushing for economic reforms and tax hikes to deal with the nation’s deficit.

Economic and Fiscal Policy minister Kaoru Yosano has warned that Japan must do something to turn the situation around or risk losing investor confidence. The national debt is about double the size of the economy.

Analysts say an aging population means more pressure on the government to provide costly social services, which will further drive up the deficit if nothing is done to contain it.

Observers say that will put pressure on the government to triple or even quadruple the nation’s 5 percent consumption tax.

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General Electric 4Q Up 51 Percent

Kris Alingod – AHN News Contributor

Fairfield, CT, United States (AHN) – General Electric rose more than 5 percent on Friday after reporting better-than-expected earnings for the fourth quarter.

The Connecticut-based company said profit for the end of 2010 was $4.5 billion, or 42 cents a share, up 51percent from last year’s $3 billion or 28 cents.

Earnings from continuing operations increased 31 percent to $3.9 billion, with EPS rising from 33 percent to 36 cents.

For the full year, net income was $11.6 billion, up from $11 billion in fiscal 2009.

Fourth-quarter revenues grew 1 percent to $41.4 billion. Revenue from financial servces dropped 2 percent to $12.8 billion last year. Industrial sales rose 1 percent to $28.7 billion.

Revenue for the full year fell 3 percent to $150.2 billion. Financial services fell 4 percent to $50.5 billion while industrial sales slipped 3 percent to $100.2 billion.

Chairman and chief executive Jeff Immelt said he expects growth to continue in 2011 and the following year. He said the company had anticipated the sale of NBC Universal to be completed by the fourth quarter, and the delay resulted in a lower-than-expected tax rate for the period.

“We expect this will contribute to a significantly higher GE tax rate for full-year 2011,” Immelt said.

The sale of 51 percent of NBC is part of a reorganization that began in 2008, when GE cut its businesses from six to four to spur growth.

“We have simplified the portfolio and dramatically reduced risk,” said Immelt, who announced in an op-ed on Friday that he had been chosen to chair the White House Council on Jobs and Competitiveness. “Our framework for 2011 is quite achievable and we are optimistic about the future.”

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Nepal’s ex-fighters come under government’s control

Anil Giri – AHN News Correspondent

Shaktikhor, Nepal (AHN) – In a major break through in Nepal’s ongoing peace process, Nepal’s Maoist party formally handed over the command over its more than 19,000 ex- fighter to the Prime Minister led Special Committee (SC) on Saturday.

They have been languishing in seven major and 28 sub-cantonments since 2006 following a peace deal was signed between the then Nepal Government and Maoist party.

These ex-fighters had fought for decades in Nepal to establish a hard core communist regime.

The task of monitoring and supervising the Maoist combatants was previously undertaken by the UN’s peace mission, UNMIN.

After the UNMIN departed from Nepal on Jan. 15, the fate of the 19,000 Maoist enemy combatants has been uncertain due to the lack of a monitoring and supervising body.

On January 22, the responsibility was officially handed over to the Prime Minister led security council.

The 2006 reads that the combatants will be given several options while in the process of regrouping, like – integration in Nepal’s security agencies, rehabilitation in society, job offer in different sectors, providing seed money to do own business and others.

“We here by declare that from today onward all the members of the Maoist combatants have formally come under the SC,” the declaration reads.

Ending the four year long process, Saturday’s turn of events has boosted confidence in completing the remaining tasks of Nepal’s protracted peace process.

Nepal’s Prime Minister Madhav Kumar Nepal and Chairman of UCPN (Maoist) Pushpa Kamal Dahal signed a historic hand-off agreement on Saturday at Shaktikhor (105 miles south from the capital Kathmandu), one of the major cantonments of the former PLA at an amid function witnessed by the senior Nepali leaders, chief of security agencies and Kathmandu based diplomats.

Both, Prime Minister Nepal and Chairman Dahal hoisted the Nepali flag and signed the declaration paper. “PLA is now the responsibility of the state,” the Prime Minister said. Similarly, Dahal said,” We still have long way to go. I thanked the patience of the combatants that they have waited such a long time and assistance that was provided by the international community.”

Immediately after the hand- off ceremony, the US hailed the event saying that,” The United States congratulates Nepal’s leaders for completing the important process of transferring the command and control of the Maoist combatants to the Special Committee on Supervision, Integration, and Rehabilitation of Maoist combatants. The handover of the Maoist People’s Liberation Army to the Special Committee constitutes a welcome and positive step forward in the peace process.”

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