360° Coverage : Obama's sales pitch: We are open for business

12 Updates
Obama's sales pitch: We are open for business
Photo Credit: , Getty Images

Obama's sales pitch: We are open for business

Nov 1 2013, 12:42am CDT | by IANS

Washington, Nov 1 (IANS) Declaring that "We are open for business", President Barack Obama announced what the White House described as the first-ever comprehensive, all hands on deck effort to bring jobs and investment to

Washington, Nov 1 — Declaring that "We are open for business", President Barack Obama announced what the White House described as the first-ever comprehensive, all hands on deck effort to bring jobs...

Filed under: news

YouTube Videos Tweets

 
 
 

47 weeks ago

Obama's sales pitch: We are open for business

Nov 1 2013, 12:42am CDT | by IANS

Washington, Nov 1 (IANS) Declaring that "We are open for business", President Barack Obama announced what the White House described as the first-ever comprehensive, all hands on deck effort to bring jobs and investment to

Washington, Nov 1 — Declaring that "We are open for business", President Barack Obama announced what the White House described as the first-ever comprehensive, all hands on deck effort to bring jobs and investment to

The US.

"There are a lot of wonderful countries out there. But this is a place where you can do business, create great products, deliver great services, make money, and do good at the same time," he said at a SelectUSA Investment Summit here Thursday.

Calling for a renewed effort to entice job-creating foreign businesses to open shop in the US through aggressive expansion and enhancement of SelectUSA, Obama pledged help from the government, US ambassadors and the president's office

Asking attending entrepreneurs to "Select the USA" he said: "When you do . You'll find a government, and a President who is committed to helping you create more good jobs for the middle class, and helping you succeed well into the 21st century."

Obama announced he would expand and enhance the SelectUSA programme, which was launched in 2011 to coordinate state and local incentive programmes to attract overseas companies.

He joked that he often tells company executives that when he leaves the While House he should be given a gold watch from various firms for his salesmanship. But he pledged he would ramp up his own efforts to attract more job-creating companies to the United States.

The effort to sell the country as the place to do business would start "at the highest levels, including me," Obama said. "We are the land of opportunity. That's not a myth. It's a proven fact."

Attended by 1,200 federal and state officials and some of the world's top CEOs from nearly 60 countries, the summit is focused on the advantages of investing in America and the importance of foreign direct investment as a source of job creation and economic growth in the US.

In a separate statement, White House said the administration would start an "all hands on deck effort" to secure jobs and investment from around the world, starting with an "aggressive expansion and enhancement of SelectUSA."

"For the first time, domestic and overseas teams at [the Departments of] Commerce and State will make recruiting business investment one of their core priorities, alongside their traditional focus on export promotion and commercial advocacy," the White House said.

A report prepared by the Department of Commerce and the President's Council of Economic Advisers noted the US has been the world's largest recipient of foreign direct investment (FDI) since 2006.

In 2012, net US assets of foreign affiliates totalled $3.9 trillion. The US consistently ranks as one of the top destinations in the world for foreign direct investment (FDI), with inflows totalling $1.5 trillion in FDI just since 2006. For 2012, FDI inflows totalled $166 billion.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
12

Tweets

 
 
Update
11

7 hours ago

AP-GfK Poll: A look at where voters stand on the top issues in the midterm election

Oct 1 2014 4:17pm CDT | Source: Canadian Business Online

WASHINGTON – It’s October and in some places, voters are already voting. The latest Associated Press-GfK poll finds those likely to cast a ballot are focused more on the economy than other issues. But that hasn’t stopped campaigns from trying to appeal on other topics as well. Here’s a look at what voters think on the top issues of the election cycle. THE ECONOMY: The nation’s economic blues remain at t ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
10

7 hours ago

AP-GfK Poll: As early voters begin casting ballots, economic concerns top those about terror

Oct 1 2014 3:59pm CDT | Source: Canadian Business Online

WASHINGTON – It’s not Obamacare or climate change. It’s not yet terrorism or fear of the Islamic State group. Those issues are on the minds of voters as they begin casting ballots in this year’s midterm elections, but nothing matters to American voters as much the economy. In a new Associated Press-GfK poll released Wednesday, 9 in 10 of those most likely to go to the polls or mail in a ballot in this year’s midterm elections call the economy an extremely or very important issue. “We nee ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
9

8 hours ago

Labor Department finalizes raise of minimum wage to $10.10 for workers with federal contracts

Oct 1 2014 2:59pm CDT | Source: Canadian Business Online

WASHINGTON – Labour Secretary Thomas Perez is issuing a final rule raising the minimum wage for employees of federal contractors to $10.10 an hour. The action puts in force a step announced by President Barack Obama in February, and the Labor Department says nearly 200,000 American workers will benefit. The minimum federal wage is now $7.25 an hour. Obama has proposed the higher pay levels for all workers, but that has drawn resistance from Repub ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
8

9 hours ago

Chuck Schumer Wants The Secret Service Director To Resign

Oct 1 2014 2:04pm CDT | Source: Business Insider

Sen. Chuck Schumer (D-New York is calling for the Secret Service Director Julia Pierson to resign in light of multiple recent security breaches involving President Barack Obama. The senator's office sent out a statement announcing his intention to call for Pierson's resignation on Wednesday.  "U.S. Senator Charles E. Schumer will call for the Director of the United States Secret Service, Julia Pie ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
6

23 hours ago

Twin suicide attacks on army buses in Kabul kill 7

Oct 1 2014 12:01am CDT | Source: Business Insider

Kabul (AFP) - Two Taliban suicide bombers hit army buses in Kabul Wednesday, killing at least seven people in a coordinated attack, officials said, a day after the new Afghan government signed a deal for US troops to stay in the country.The Taliban, who strongly opposed the agreement with the US, claimed responsibility for the early-morning twin blasts that targeted vehicles taking military employees to work in the capital."There have been two suicide attacks targeting buses ca ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

1 day ago

US 'Not Aware Of Any' Civilian Casualties From Airstrikes In Iraq And Syria

Sep 30 2014 10:04pm CDT | Source: Business Insider

Despite multiple reports civilians have been killed in American airstrikes launched against the jihadists group Islamic State and the Khorasan Group, a spokesman for US Central Command told Business Insider on Tuesday evening that the military is "not aware of any" civilian deaths during the operations. Furthermore, CENTCOM spokesman Maj. Curtis Kellogg said they had "no evidence" to support reports civilian casualties have ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

1 day ago

Why worry about ‘no boots’ when Obama’s heart isn’t in the battle against radical Islam?

Sep 30 2014 3:35pm CDT | Source: Canada Free Press

Aside from the Arabs, who would back him 100 percent, Western leaders signing up for the ragtag coalition to take on ISIS, should be asked by their masses why they would send soldiers into a battle led by a pretend general who plays AWOL at 60 perc ...
Source: Canada Free Press   Full article at: Canada Free Press
 

 
Update
3

1 day ago

Modi seeks closer ties with US on counterterrorism

Sep 30 2014 2:00pm CDT | Source: The Nation - Pakistan

WASHINGTON - Indian Prime Minister Narendra Modi said after meeting President Barack Obama at the White House on Tuesday that India and US are ‘natural global partners’, and that American defence firms were ‘especially welcome’ to help develop the Indian defence industry. Modi, who also had informal talks with Obama at a dinner Monday night, also said India wa ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

1 day ago

Why worry about ‘no boots’ when Obama’s heart isn’t in the battle against radical Islam?

Sep 30 2014 1:37pm CDT | Source: Canada Free Press

Aside from the Arabs, who would back him 100 percent, Western leaders signing up for the ragtag coalition to take on ISIS, should be asked by their masses why they would send soldiers into a battle led by a pretend general who plays AWOL at 6 ...
Source: Canada Free Press   Full article at: Canada Free Press
 

 
Update
1

1 day ago

Secret Service director faces scathing criticism from Congress over White House breach

Sep 30 2014 1:03pm CDT | Source: National Post

AP Photo/Nancy HooverOmar Gonzalez, right, poses for a photo in his Army uniform with his former wife Samantha. WASHINGTON — Facing blistering criticism from Congress, Secret Service director Julia Pierson acknowledged on Tuesday that her agency failed in executing its plan to protect the White House when a man with a knife entered the mansion and ran through half the ground floor before being subdued. “It’s unacceptable,” Pierson told lawmakers. But ...
Source: National Post   Full article at: National Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development.
 
 
IMF calls for more oversight of shadow banks
Washington, Oct 2 (IANS) The International Monetary Fund (IMF) Wednesday urged countries to include oversight of shadow banking as part of their policies designed to keep the overall financial system safe.
 
 
US, Brazil strike new deal to end cotton trade dispute
Washington, Oct 2 (IANS) The US and Brazil reached an agreement Wednesday to end a decade-long cotton dispute between the two countries.
 
 
US sends 700 soldiers to Liberia to fight Ebola
Washington, Oct 2 (IANS) US Defence Secretary Chuck Hagel has authorised the deployment of 700 soldiers to Liberia to help with the fight against the Ebola epidemic there, the Defence Department said in a statement Wednesday.
 
 
 

Latest from the Network

Obama 'deeply concerned' over Israel's settlement expansion plan
Washington, Oct 2 (IANS) President Barack Obama Wednesday voiced "deep concern" in his meeting with Israeli Prime Minister Benjamin Netanyahu over the country's plan to build some 2,610 new homes for Israeli settlers...
Read more on Politics Balla
 
Alec Baldwin, Kevin Spacey in 'Boss Baby'?
Los Angeles, Oct 2 (IANS) Actors Alec Baldwin and Kevin Spacey have reportedly been signed up for an animation movie titled "Boss Baby". The two will lend their voices to the latest DreamWorks animation, which will be...
Read more on Celebrity Balla
 
US, Brazil strike new deal to end cotton trade dispute
Washington, Oct 2 (IANS) The US and Brazil reached an agreement Wednesday to end a decade-long cotton dispute between the two countries. Brazil sued the US in the World Trade Organisation (WTO) on cotton subsidies in...
Read more on Business Balla
 
Robert Downey Jr.'s wife gave him an ultimatum
Robert Downey Jr.'s wife refused to marry him until he got sober. The 49-year-old star first proposed to Susan Downey three months after they started dating after meeting on the set of 'Gothika' in 2003, but the 40-year...
Read more on Celebrity Balla
 
Jordin Sparks giving BMW back to Jason Derulo
Jordin Sparks plans to return her BMW to Jason Derulo. The 'No Air' singer, who split from the 'Talk Dirty' hitmaker last month, has decided to give him back the luxurious vehicle that he bought for her last Christmas....
Read more on Celebrity Balla
 
Real Madrid stays perfect thanks to late goal from Benzema
Madrid, Oct 2 (IANS/EFE) Second-half substitute Karim Benzema scored to give Real Madrid a 2-1 win over Ludogorets Wednesday, leaving the Blancos at the head of Champions League Group B with six points after two...
Read more on Sport Balla
 
Secret service director resigns over White House security lapse
Washington, Oct 2 (IANS) The US secret service director Julia Pierson resigned Wednesday over a recent White House security breach. According to a statement released Wednesday afternoon by the US Department of...
Read more on Politics Balla
 
31 killed in attack near school in Syria
Beirut, Oct 2 (IANS/EFE) Several children were among the 31 people killed in a pair of bombings near a school in the central Syrian city of Homs, a Syrian official said. Seventy-four others were injured in the blasts...
Read more on Politics Balla
 
'Rush Hour' to hit small screen as TV series
Los Angeles, Oct 2 (IANS) Chris Tucker and Jackie Chan's blockbuster film franchise "Rush Hour" is heading to the small screen. Warner Bros. Television team has recruited "Scrubs" creator Bill Lawrence and "Mad Men"...
Read more on Celebrity Balla