Obama reports wealth of up to $7.7 million

U.S. President Barack Obama’s wealth in 2009 totaled between $2.3 million and $7.7 million, financial disclosure forms showed on Monday.

The records also show the Obama family dog, Bo, is worth $1,600. The Portuguese water dog was a gift to Obama, his wife Michelle and their two children from the late Senator Edward Kennedy.

The records showed the Obamas had some retirement savings accounts with the mutual fund company Vanguard and checking accounts at J.P. Morgan Chase and Northern Trust. The also own Treasury bills and notes.

In addition, the couple have college savings accounts for their daughters Malia, 11, and Sasha, 8.

The figures do not include the value of their home in Chicago.

Much of Obama’s wealth comes from royalties from his two best-selling books — “Dreams from My Father” and “Audacity of Hope” — both of which were published before he became president.

U.S. Vice President Joseph Biden and his wife, Jill, reported wealth excluding their home of $155,000 to $679,000.

Tax returns for the Obamas for 2009, made public in April, showed they earned $5.5 million, mostly from book royalties. The Bidens reported income in 2009 of $333,182.

(Writing by Caren Bohan; Editing by John O’Callaghan)

Pro-West parties win in Lebanon with help from Barack Obama

Lebanon’s pro-Western government have held on to power in the country’s elections in a victory experts said had been helped by President Barack Obama’s attempts to build a new relationship with the Middle East.

They said his speech in Cairo last week had encouraged support for moderate parties and helped stop the bloc led by militant group Hizbollah taking control.

The election was the first major political test in the Middle East since Mr Obama called for a “new beginning between the United States and Muslims”.

n his speech, he challenged the Islamic world to confront violent extremism and urged Israel, the Palestinians and Arab states to find common ground to establish peace.

Mr Obama further bolstered support for the American-backed alliance by sending Vice-President Joseph Biden to Beirut three weeks ago and Ray LaHood, transportation secretary, to the country on polling day.

The winning coalition gained an extra seat to take it to 71 members in the 128-member house, while Hizbollah’s bloc fell one to 57.

It was an unexpected defeat for Hizbollah which had been expected to boost the influence of its backers Iran and Syria if it won.

Rami Khouri, of the American University of Beirut, said: “This was the first real victory by pro-American groups in the ideological battle that has defined this region in the last 10 years. Every time the US tried to help somebody in the region, it hurt them and they lost.”

A 25-year old software designer from West Beirut, said: “It was ‘you are either with us or against us’ before and both sides had this attitude. Now it is something in the middle with Obama and I think there is more freedom there.”

Walid Jumblatt, a leading member of the coalition known as March 14, said consensus was now needed to avoid the damaging conflicts that had marred Lebanese politics in the past.

“We voted and we still have faith in the project of the state and aspire for its success,” he said. “We must not isolate the others. Beware of the deadly mistake of isolation.”

Supporters of the winning coalition took to the streets to celebrate in East Beirut and there was celebratory gunfire in the northern city of Tripoli.

President Obama welcomed the result but told the incoming government that it must represent all sides of Lebanese society.

“Once more, the people of Lebanon have demonstrated to the world their courage and the strength of their commitment to democracy,” he said. “Commitment to these principles of peace and moderation are the best means to secure a sovereign and prosperous Lebanon.”

But Hizbollah yesterday warned the new government not to attempt to force it to turn its weapns stockpile over to the Lebanese army.

The militant group waged a devastating war in 2006 that left much of south Lebanon in ruins and killed more than 1,200 people as well as 160 Israelis, most of them soldiers.

It has since refused to disarm despite a post-war UN resolution that calls for all militias in Lebanon to turn in their weapons. It argues that its arsenal is needed to defend the country against Israel.

Hassan Nasrallah, the Hizbollah leader, addressed the Lebanese people via a video link from a secret location. While accepting the outcome, he tied the surrender of Hizbollah’s arms to reform of the constitution that would give his voters an expanded role.” I accept the announced results of these elections, with sportsmanship and democratic spirit,” he said, adding March 14 could not encroach on his movement: The parliamentary majority is different from the popular majority.”

Mr Jumblatt called on Hizbollah to “slowly but surely” incorporate its weapons inside Lebanon’s Army so that issues of war and peace rested solely with the state.

Senior Hizbollah figures sent mixed messages yesterday with one prominent MP acknowledging Lebanon had turned a “new page” while Mohammad Raad, its parliamentary leader said it would not cede its positions.

“The majority must commit not to question our role as a resistance party, the legitimacy of our weapons arsenal and the fact that Israel is an enemy state,” he said. “The results indicate that the crisis will continue, unless the majority changes its attitude.”

Bosnia must remain unified to join European Union, EU says

New York – The European Union reminded the tripartite government in Bosnia-Herzegovina on Thursday that any division would harm its chance to join the group.

The EU representative at UN headquarters in New York said progress has been made to strengthen a Bosnian government composed of Bosnian Serb, Croat and Moslem leaders, but major challenges remain.

“Nationalist, anti-Dayton rhetoric challenging the sovereignty, territorial integrity and constitutional order of Bosnia-Herzegovina is undermining efforts of its political leaders to find common language and compromise,” said the Czech Republic’s UN Ambassador Martin Palous.

Palous said during a Security Council debate on the situation in Bosnia that the tripartite government has made “inadequate” reforms required to gain accession to the EU. Bosnia is also trying to join NATO.

“The EU membership of Bosnia-Herzegovina, as a single and integral state, remains an ultimate goal, which will serve the stability, reconciliation and the future not only of this country, but also the whole region of the Western Balkans,” Palous said.

US Vice President Joseph Biden warned Bosnia-Herzegovina during a recent visit to the Balkans to avert political fragmentation. Bosnia- Herzegovina ended a destructive three-year ethnic conflict in 1995 with the Dayton peace agreement.

In Sarajevo on Wednesday , the prime minister of Muslim-Croat Federation of Bosnia-Herzegovina, Nedzad Brankovic, resigned amid tensions with other members in the country’s tripartite leadership.

Brankovic submitted his resignation letter to the Bosnian presidency, a day after Sulejman Tihic, a member of a tripartite presidency, was re-elected as the head of largest Muslim Party of Democratic Action (SDA).

Tihic, whose party had nominated Brankovic as premier after winning the elections in 2006, is now demanding his resignation after a Sarajevo court indicted him for the abuse of power. (dpa)

Obamas report 2008 income of 2.6 million dollars

Washington – US President Barack Obama and First Lady Michelle reported income of more than 2.6 million dollars in 2008, documents released by the White House showed Wednesday.

The vast majority of the 2,656,902 million dollars reported by the Obama’s came from proceeds from the president’s book sales, the White House said. The couple paid 855,323 dollars in federal income tax and 77,883 in Illinois state income tax.

The Obama’s donated 172,050 dollars to charity.

The White House released the Obama tax forms on the same day as the annual deadline for all Americans to file their taxes with the Internal Revenue Service.

Vice President Joseph Biden and wife Jill reported an adjusted gross income of 269,256 dollars. (dpa)

Lawyer of Biden’s daughter’s ‘pal’ pulls out of ‘cocaine snorting video’ sale

New York, March 30 (ANI): The lawyer representing US Vice President Joseph Biden’s daughter’s ‘friend’, who claimed having shot a video of her purportedly snorting cocaine, has abandoned the case.

Thomas Dunlap revealed he was no longer the attorney for the man who was trying to sell the 43-minute tape that allegedly showed Ashley Biden taking lines of white powder at a party in Deleware.

“I can’t comment. I can’t make any comment on anything about it,” the New York Post quoted him as saying when questioned about what led to the split.

According to RadarOnline.com, Dunlap reportedly ditched his former client because “he did not want to be involved due to circumstances surrounding the publicity of the matter.”

The video, around 90 seconds of which was shown to the New York Post, allegedly shows a woman similar to Ashley taking putting a pipe into her nostril and snorting lines of the banned substance.

She is later spotted chatting up with other people in the room, before reaching a point where she screams, “Shut the f— up!”

While the dialogue is less clearly audible, the woman is then reportedly seen making repeated references to the drugs. (ANI)

Kerry vows to increase economic aid to Pakistan

Washington, Mar. 27 (ANI): In a bid to strengthen Pakistan’s civilian government, the chairman of the US Senate Foreign Relations Committee John Kerry has vowed to increase economic aid to Pakistan.

“Our strategy must also reflect the interconnectedness of the region’s challenges. This requires redoubling our efforts to strengthen Pakistan’s civilian government and support its activities against militants in the Tribal Areas,” the Daily Times quoted Kerry, as saying.

At the confirmation hearing for US ambassador-designate to Afghanistan Karl Eikenberry, Kerry along with Senator Richard Lugar pledged to ‘soon’ reintroduce a bill on expanding economic assistance that would increase socio-economic assistance for Pakistan to 1.5 billion dollars.

The measure – called the Enhanced Partnership with Pakistan Act – was introduced in the Senate last year by Vice President Joseph Biden, but the 110th Congress could not take it up.

Speaking on the Afghan insurgency, Kerry said Washington “also needs to reach out to Afghanistan’s other neighbors, including India, China, and Iran”.

He noted that in 2001 and 2002, Iran helped to stabilize Afghanistan, and “the administration is right to explore how our interests might coincide again on this issue, beginning at the Hague Conference next week”.

On the US war in Afghanistan, Kerry said Washington “went into Afghanistan to hunt down Al Qaeda and to replace the Taliban rulers who harbored them with a legitimate government strong enough to avoid destabilizing a vital and volatile region. Today, that demands a more robust commitment.” (ANI)

Biden-Lugar Bill has not died down: Haqqani

Washington, Jan 31 (ANI): Pakistan’s Ambassador to the United States, Hussain Haqqani, has said that so long as Washington considers Islamabad its friend, financial aid would not stop, and added that the Biden-Lugar Bill has not died down.

He further said that the Biden-Lugar Bill would be presented in few days with the signatures of its new movers, besides till now there was no hitch in its approval.

Geo TV quoted him as saying that the majority of both the Houses were not in favour of slapping more restrictions on Pakistan.

Haqqani said that the Congress couldn’t get time to discuss Biden-Lugar Bill on agenda, but there was no such thing that the Bill for Pakistan aid couldn’t be approved.

He said that this Bill would be approved in few weeks and, thereby, the disbursement of fund would kick off.

Earlier, the landmark US bill that provides for 15 billion dollars in economic assistance to Pakistan, as a US frontline ally in combating terrorism over the next 10 years beginning 2009, was legally dead even before it was debated and voted by either chamber of the US bicameral legislature.

The bill S-3263, popularly known as ‘Biden-Lugar bill’ or “Enhanced Partnership with Pakistan Act 2008″ was introduced in the Senate Foreign Relations Committee by its then chairman Senator Joseph Biden and Senator Richard Lugar, and the Senate Committee had approved the bill unanimously; but it died before it could be tabled before the Senate for debate and vote.

An official of the Senate Foreign Relations Committee confirmed that “Bill S-3263 is dead as it was not debated and approved by the US Congress that completed its term by the end of 2008.” (ANI)