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

 
 
 

38 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

33 minutes ago

POLL: Romney Would Beat Obama In Election Rematch

Jul 28 2014 8:59am CDT | Source: Business Insider

President Obama Visits Austin
A new poll from CNN and ORC International that was released on Sunday found President Barack Obama would have a hard time if he had to face off against Mitt Romney again. The poll showed 53% of Americans would vote for Romney and just 44% for Obama if "for some reason a presidential election were being held today." Though Obama would apparently have trouble with Romney another Democrat, Hillary Clinton, was found to be in a far better position against the 2012 GOP nominee. The pol ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
10

4 hours ago

Climate change strategy called a shell game

Jul 28 2014 5:00am CDT | Source: Elyria Chronicle-Telegram

President Obama Visits Austin
NEWPORT NEWS, Va. — As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s energy leftovers to other parts of the world — where they create even more pollution. This fossil fuel trade threatens to undermine President Barack Obama’s strategy for reducing the Read More...The post Climate change strategy called a shell game appeared first on Chronicle-Telegram.Click here to read this story ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
9

5 hours ago

5 things to know about how US coal exports shift global warming problem onto other countries

Jul 28 2014 3:46am CDT | Source: Canadian Business Online

President Obama Visits Austin
As the Obama administration weans the U.S. off polluting fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. Here are five things to know about the issue: 1. AS U.S. REDUCES COAL USE, DEMAND RISES GLOBALLY. Over the past six years, the U.S. has cut consumption by 195 million tons as power plants have burned cheaper natural gas inste ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
8

8 hours ago

Coal exports help US clean up global warming pollution at home – but still pollute elsewhere

Jul 28 2014 1:23am CDT | Source: Canadian Business Online

President Obama Visits Austin
NEWPORT NEWS, Va. – As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. This fossil fuel trade threatens to undermine President Barack Obama’s strategy for reducing the gases blamed for climate change and reveals a little-discussed side effect of countries acting alone on a gl ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
6

9 hours ago

Israel-Gaza Conflict: UNSC Calls for Immediate Ceasefire

Jul 28 2014 12:30am CDT | Source: IBTimes UK

President Obama Visits Austin
Jordan-drafted UN statement comes after Barack Obama's call to Benjamin Netanyahu ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
5

10 hours ago

US coal exports to German power plants quadruple, adding pollution, as US shuts its own down

Jul 27 2014 11:14pm CDT | Source: Canadian Business Online

President Obama Visits Austin
LUENEN, Germany – One of Germany’s newest coal-fired power plants rises here from the banks of a 100-year-old canal that once shipped coal mined from the Ruhr Valley to the world. Now the coal comes the other way. The 750-megawatt Trianel Kohlekraftwerk Luenen GmbH & Co. power plant relies completely on coal imports, about half from the U.S. Soon, all of Germany’s coal-fired power plants will be dependent on imports, with the country expected to halt coal mini ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
4

10 hours ago

Coal exports help US clean up global warming pollution at home – but still pollute elsewhere

Jul 27 2014 11:02pm CDT | Source: Canadian Business Online

President Obama Visits Austin
NEWPORT NEWS, Va. – Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution. In the U.S., this coal and the carbon dioxide it will eventually release into the atmospher ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
3

14 hours ago

Satellite images prove Russia fired rockets into Ukraine after MH17 crash, U.S. says

Jul 27 2014 6:39pm CDT | Source: National Post

Russian President Vladimir Putin Visits Severomorsk
Stepping up pressure on Moscow, the U.S. on Sunday released satellite images it says show that rockets have been fired from Russia into neighbouring eastern Ukraine and that heavy artillery for separatists have crossed the border. The images, which came from the U.S. Director of National Intelligence and could not be independently verified by The Associated Press, show blast marks where rockets were launched and craters where ...
Source: National Post   Full article at: National Post
 

 
Update
2

1 day ago

Sikhs for cancellation of US invite to Modi

Jul 26 2014 2:00pm CDT | Source: The Nation - Pakistan

President Obama Visits Austin
NEW YORK :A Sikh rights group Friday initiated a social media campaign in support of its online petition calling on President Barack Obama to cancel his invitation to Prime Minister Narendra Modi for the Indian leader’s role in 2002 anti-Muslim riots in Gujarat. Modi has been invited to the White House for talks with President Obama on September 30. Sponsored by Sikhs for Justice, a . ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
1

2 days ago

Graphic: U.S. border crisis

Jul 25 2014 10:14pm CDT | Source: National Post

President Obama Visits Austin
U.S. President Barack Obama met the leaders of Honduras, El Salvador and Guatemala in the White House Friday to talk about the waves of young children flooding into America from their countries. Mr. Obama has asked Congress for emergency funds and additional authority to send unaccompanied children back home more quickly. About 57,000 minors have arrived since October, mostly from Honduras, Guatemala and El Salvador. The trio of nations has become one of the ...
Source: National Post   Full article at: National Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Bangladeshi plane catches fire at Nepal airport, passengers safe
Kathmandu, July 28 (IANS) A Bangladeshi aircraft caught fire while landing at Kathmandu's Tribhuvan International Airport (TIA) Monday afternoon, officials said.
 
 
Shift work can worsen asthma, pneumonia
London, July 28 (IANS) A research has found that drugs widely used to treat lung diseases like asthma or pneumonia work better with the body clock.
 
 
Decoded: What triggers sexual arousal in you
New York, July 28 (IANS) Know why just looking at an attractive face stimulates sexual arousal? Well, it takes two to tango!
 
 
Turn your selfie into emoji with this app
New York, July 28 (IANS) Tired of seeing the same yellow-faced smileys? In an age of selfies, how can emojis be far behind?
 
 
 

Latest from the Network

Indian shuttlers miss out on mixed team bronze
Glasgow, July 28 (IANS) Indian shuttlers failed to replicate the performance of the 2010 Commonwealth Games at the 2014 edition here as they lost the mixed team bronze medal playoff 2-3 to Singapore at the Emirates...
Read more on Sport Balla
 
Bangladeshi plane catches fire at Nepal airport, passengers safe
Kathmandu, July 28 (IANS) A Bangladeshi aircraft caught fire while landing at Kathmandu's Tribhuvan International Airport (TIA) Monday afternoon, officials said. Airport police said the wheels of Biman Bangladesh...
Read more on Business Balla
 
Narang settles for men's 50m rifle prone silver
Glasgow, July 28 (IANS) Indian shooters continued to bring home more medals as Gagan Narang won the country's third medal Monday clinching the men's 50-metre rifle prone silver at the Commonwealth Games here. Earlier...
Read more on Sport Balla
 
Nepali parties prepare to make Modi visit a success
Kathmandu, July 28 (IANS) Three major political parties of Nepal, at a meeting here chaired by Prime Minister Sushil Koirala, Monday decided to make the upcoming visit of Indian Prime Minister Narendra Modi to the...
Read more on Politics Balla
 
Fans hospitalised following Keith Urban's concert
Washington, July 28 (IANS) Australian singer Keith Urban's concert ended with about 22 concert-goers getting admitted into a hospital for alcohol-related problems. For many fans, Urban's Saturday night show in...
Read more on Celebrity Balla
 
Israel embarks on 'unlimited ceasefire' policy in Gaza
Jerusalem, July 28 (IANS) Israel embarked on an "unlimited ceasefire" policy in Gaza Monday morning after 21 days of conflict claimed over 1,030 Palestinian lives. The new policy, adopted amid mounting international...
Read more on Politics Balla
 
Australia faces false imprisonment claims by Tamil asylum seekers
Sydney, July 28 (IANS) Over 150 Sri Lankan Tamil asylum seekers, who were brought to mainland Australia after nearly a month Sunday, have claimed damages for false imprisonment in the high seas by the country's...
Read more on Politics Balla
 
Looking forward to champagne after delivery: Kimberley Walsh
Los Angeles, July 28 (IANS) Singer Kimberley Walsh has revealed she's planning to take a bottle of champagne with her to the hospital when she goes into labour. She is seven months pregnant with her first child with...
Read more on Celebrity Balla
 
Discus thrower Jai Deep narrowly misses bronze in para event
Glasgow, July 28 (IANS) Indian para-discus thrower Jai Deep narrowly missed out on the bronze medal finishing fourth in the men's F44/42 final of the Commonwealth Games here Monday. England's paralympian Dan Greaves...
Read more on Sport Balla
 
Shooter Narang wins men's 50m rifle prone silver
Glasgow, July 28 (IANS) India's ace shooter Gagan Narang won the men's 50-metre rifle prone silver in the finals of the Commonwealth Games here Monday. Australian veteran Warren Potent, 52, clinched the gold and...
Read more on Sport Balla