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)

Barack Obama calls for unity, action on health care reform

WASHINGTON: US President Barack Obama on Saturday called on Democrats and Republicans to overcome their differences on health care reform and act on his proposal without delay.

“It is time for us to come together,” Obama said in his weekly radio address. “It is time for us to act. It is time for those of us in Washington to live up to our responsibilities to the American people and to future generations.”

On Thursday, Obama held a high-stakes health care summit with top Republicans, but failed to break an impasse over his historic reform drive, prompting him to warn he would press on with or without Republican help.

Civility largely prevailed at the grueling day-long meeting, after Obama warned against “political theater”, but there was no breakthrough on sharp ideological disputes threatening to suffocate his ambitious presidency.

Obama’s plan to provide health insurance to millions of uninsured Americans stalled in Congress early this year, after Democrats lost a Senate seat to Republicans as a result of a special election in Massachusetts to replace the late senator Edward Kennedy.

The setback resulted to the loss by Democrats of a 60-vote filibuster-proof majority necessary these days to pass most legislation in the upper chamber.

All Senate Republicans have been steadfast in their opposition to the health reform plan.

Obama said in the address that at the summit, he had heard some Republican ideas that were “very worthy of consideration.”

But he admitted that the two sides had disagreed over whether insurance companies should be held accountable for denying care or raising premiums, and over giving tax credits to small businesses and individuals.

“Some of these disagreements we may be able to resolve,” argued the president. “Some we may not. And no final bill will include everything that everyone wants. That’s what compromise is.”

But he insisted Washington politicians could not lose this opportunity to move forward.

“The tens of millions of men and women who cannot afford their health insurance cannot wait another generation for us to act,” Obama said.

Ex-Bush Chief of Staff, Andy Card, not to run for Senator Edward Kennedy’s seat

Washington, Sep. 11 (ANI): Former White House Chief of Staff, Andy Card, has decided not to run for the Senate in Massachusetts, a seat vacated by late Senator Edward Kennedy.

Instead, Card is supporting Scott Brown the Massachusetts state senator who recently indicated that he was willing to back down to let the former top White House aide run for the seat.

“In these critical times, I know that Massachusetts would be well served to have Senator Scott Brown as the Commonwealth’s next United States Senator. He has my full support,” The Politico quoted him, as saying.

On Friday Card released a statement clarifying that a Senate bid would not have been “in the best interest of my family.”

Card’s wife Kathleen is the pastor at a Methodist church in suburban Washington.

Referring to that, Card this week had said that he was interested in running, but that his wife’s church commitments could be the one hitch in his plans.

Card, a veteran of both Bush administrations, could have tapped into a national GOP donor base for the special election but would have been tarred by Democrats for his connection to the family, the report said. (ANI)

Ted Kennedy’s sons bid adieu to their passionate father

Washington, Aug. 30 (ANI): At the funeral mass of Senator Edward Kennedy, his sons-Ted Kennedy Jr. and Patrick Kennedy-eulogized and shared their personal memories and stories revealing how passionate father he had been.

“He was not perfect – far from it. But my father believed in redemption and he never surrendered, never stopped trying to right wrongs, either as a result of his own failings or ours,” CBS news quoted Ted Kennedy Jr., as saying.

His father, Ted said, will be remembered as the “workhorse of the Senate” and a “beacon of social justice.” Patrick Kennedy noted that he and his father co-wrote legislation to provide health insurance coverage for those suffering from mental illness.

“My dad was never bowed, he never gave up, and there was never quit in dad,” Patrick said.

The brothers recalled Senator Kennedy’s ability to work with his opponents.

“He even taught me some of life’s harder lessons-such as how to like Republicans,” Ted said to laughter. “He once told me ‘Teddy, Republicans love this country just as much as I do.”

Patrick said his father’s approach to politics was similar to the way he approached his other life passions, such as boat racing.

“I saw a lot of his political philosophy in those races. One thing that I noticed on the boat, as in this country, there was a role for everybody, a place for everybody to contribute,” he said.

Along with sailing, Senator Kennedy had a zeal for a number of activities from painting to skiing to rodeo riding, the brothers said.

He was recruited to join the Greenbay Packers footbal team as a young man but decided to go to law school instead.

One of the greatest lessons he passed on, Ted said, was to never give up. He shared the story of how, when he was 12 years old, his father helped him climb an icy hill, even though Ted Jr. had lost a leg to cancer.

“He held me around my waist, and we slowly made it to the top. He said, ‘I know you can do it. We’re going to climb that hill together if it takes us all day. And I knew I was going to be OK…He taught me that nothing is impossible,” he said. (ANI)

Obama may cut his Martha’s Vineyard holiday short

Washington, Aug. 28 (ANI): US President Barack Obama and the First Lady, who are holidaying at an island of Martha’s Vineyard, will travel to Boston on Friday evening to attend Senator Edward Kennedy’s funeral.

Obama is scheduled to deliver a eulogy on Saturday morning.

The change in schedule is due to bad weather forecasts. The Obamas want to ensure they can make it off the island of Martha’s Vineyard to Boston ahead of a coming storm.

According to deputy spokesman Bill Burton, tropical Storm Danny which could reach hurricane strength this weekend might cut short the Obamas stay on Martha’s Vineyard.

They plan to return to the Island after the funeral Saturday, if the weather allows, and then leave for Washington as scheduled Sunday. If the storm prevents a return, the Obamas would head to Washington from Boston on Saturday, Politico quoted him, as saying.

While the first family spent the day biking on Martha’s Vineyard on Thursday, Obama had begun work on the eulogy.

“It is something that he obviously takes very seriously. He’s been working on it. He’s obviously got a great team of speechwriters who he works with. This is going to be a very personal statement that he makes on Saturday,” Burton said.

With speculation swirling over who will replace Kennedy, Burton said Obama would not weigh in on the debate. That “isn’t a scale he’s going to put his thumb on,” Burton said.

Obama also doesn’t think the time is right to discuss renaming a health care bill for Kennedy. And Burton suggested that Obama would steer clear of the “win one for Teddy” rallying cry to boost the bill that some supporters have adopted.

Next week, Obama will have a health care event Tuesday and then travel to Camp David on Wednesday ahead of the Labor Day weekend. (ANI)

USINPAC lauds Ted Kennedy’s legacy of building the American dream for every American

Washington, Aug.27 (ANI): The U.S.-India Political Action Committee (USINPAC) expressed deep grief at the death of Senator Edward Kennedy.

Dr. Bharat Tewarie, USINPAC leadership committee member from Massachusetts said, “Senator Kennedy was the senior statesman of American politics with a public service record of nearly half a century. He showed by example how people with opposing views could work together on most complex issues. How else could he have authored over 2000 bills? He will be greatly missed”.

USINPAC Chairman Sanjay Puri said, “Sen. Kennedy’s life was a life of service to the people of his country. With the death of this truly great American a chapter has come to an end. But he leaves behind a legacy which will be hard to match. Even if you disagreed with him on an issue, you could never question his commitment to this country and for providing an opportunity for the American dream to every American. Despite his failing health he worked to convert his dream of affordable health care into reality. We salute him for his achievements and mourn with the nation.”

The U.S.-India Political Action Committee (USINPAC) is the political voice of 2.7 million Indian-Americans. It provides bipartisan support to candidates for federal, state and local office who support the issues that are important to the Indian-American community. (ANI)

Obamas’ condole death of Edward Kennedy

Martha’s Vineyard (Virgina, US), Aug.26 (ANI): US President Barack Obama and his wife, Michelle, on Wednesday condoled the death of former Massachusetts Senator Edward Kennedy.

Kennedy, the family patriarch, died of complications arising out of brain cancer at his Hyannis Port home on Tuesday. He was 77.

In his statement, Obama said: ” Michelle and I were heartbroken to learn this morning of the death of our dear friend, Senator Ted Kennedy.

For five decades, virtually every major piece of legislation to advance the civil rights, health and economic well being of the American people bore his name and resulted from his efforts.

I valued his wise counsel in the Senate, where, regardless of the swirl of events, he always had time for a new colleague. I cherished his confidence and momentous support in my race for the Presidency. And even as he waged a valiant struggle with a mortal illness, I’ve profited as President from his encouragement and wisdom.

An important chapter in our history has come to an end. Our country has lost a great leader, who picked up the torch of his fallen brothers and became the greatest United States Senator of our time.

And the Kennedy family has lost their patriarch, a tower of strength and support through good times and bad.

Our hearts and prayers go out to them today-to his wonderful wife, Vicki, his children Ted Jr., Patrick and Kara, his grandchildren and his extended family. (ANI)

World leaders pay tribute to Ted Kennedy

London, Aug 26 (ANI): World leaders have paid tribute to Senator Edward Kennedy, the patriarch of the first family of Democratic politics, who died late Tuesday at his home in Hyannis Port, Massachusetts, after a lengthy battle with brain cancer at the age of 77.

Kennedy, nicknamed “Ted,” was the younger brother of slain President John F. Kennedy and New York Senator Robert Kennedy, who was gunned down while seeking the White House in 1968.

British Prime Minister Gordon Brown said: “Senator Edward Kennedy will be mourned not just in America but in every continent. He is admired around the world as the Senator of Senators. He led the world in championing children’s education and health care, and believed that every single child should have the chance to realise their potential to the full.”

Former first lady of United States Nancy Regan said: “Given our political differences, people are sometimes surprised by how close Ronnie and I have been to the Kennedy family. In recent years, Ted and I found our common ground in stem cell research, and I considered him an ally and a dear friend. I will miss him.” Rooted in his deep patriotism, his abiding faith, and his deep concern for the least among us, no one has done more than Senator Kennedy to educate our children, care for our seniors, and ensure equality for all Americans, The Telegraph quoted Nancy Pelosi, Democratic Leader of the House, as saying.

California Governor Arnold Schwarzenegger, who is also husband of Kennedy’s niece Maria Shriver and a Republican, said: “He was known to the world as the Lion of the Senate, a champion of social justice and a political icon …. Teddy inspired our country through his dedication to health care reform, his commitment to social justice, and his devotion to a life of public service.”

Harry Reid, US senate majority leader said: “It was the thrill of my lifetime to work with Ted Kennedy. He was a friend, the model of public service and an American icon. As we mourn his loss, we rededicate ourselves to the causes for which he so dutifully dedicated his life.

Australian Prime Minister Kevin Rudd said: “Ted Kennedy was a great American, a great Democrat and also a great friend of Australia. He has made an extraordinary contribution to American politics, an extraordinary contribution to America’s role in the world.”

Tony Blair, former British prime minister – “Senator Kennedy was a figure who inspired admiration, respect and devotion, not just in America but around the world. He was a true public servant committed to the values of fairness, justice and opportunity.”

Israeli prime minister Benjamin Netanyahu said: “(Senator) Kennedy has been a friend for 30 years, a great American patriot, a great champion of a better world, a great friend of Israel. He will be sorely missed.”

Kennedy, who was known as the “Lion of the Senate,” played major roles in passage of the Civil Rights Act of 1964, the Voting Rights Act of 1965, the 1990 Americans with Disabilities Act and the 1993 Family and Medical Leave Act, and was an outspoken liberal standard-bearer during a conservative-dominated era from the 1980s to the early 2000s.

Kennedy recently urged Massachusetts officials to change a law to allow for an immediate temporary replacement should a vacancy occur for one of his state’s two Senate seats. Under a 2004 Massachusetts law, a special election must be held 145 to 160 days after a Senate seat becomes vacant. The winner of the election would serve the remainder of a senator’s unexpired term. (ANI)

Ted Kennedy dies of brain cancer aged 77

Massachusetts (US), Aug, 26 (ANI): Senator. Edward Kennedy, the patriarch of the first family of Democratic politics, died late Tuesday at his home in Hyannis Port, Massachusetts, after a lengthy battle with brain cancer. He was 77.

“We’ve lost the irreplaceable center of our family and joyous light in our lives, but the inspiration of his faith, optimism and perseverance will live on in our hearts forever,” a family statement said.

“We thank everyone who gave him care and support over this last year, and everyone who stood with him for so many years in his tireless march for progress toward justice,” CNN quoted the statement as saying further.

Kennedy, nicknamed “Ted,” was the younger brother of slain President John F. Kennedy and New York Senator Robert Kennedy, who was gunned down while seeking the White House in 1968.

However, his own presidential aspirations were hobbled by the controversy around a 1969 auto accident that left a young woman dead, and a 1980 primary challenge to then-President Jimmy Carter that ended in defeat.

The longtime Massachusetts senator was considered one of the most effective legislators of the past few decades.

Kennedy, who was known as the “Lion of the Senate,” played major roles in passage of the Civil Rights Act of 1964, the Voting Rights Act of 1965, the 1990 Americans with Disabilities Act and the 1993 Family and Medical Leave Act, and was an outspoken liberal standard-bearer during a conservative-dominated era from the 1980s to the early 2000s.

Kennedy recently urged Massachusetts officials to change a law to allow for an immediate temporary replacement should a vacancy occur for one of his state’s two Senate seats. Under a 2004 Massachusetts law, a special election must be held 145 to 160 days after a Senate seat becomes vacant. The winner of the election would serve the remainder of a senator’s unexpired term.

Kennedy asked Governor Deval Patrick and state leaders to “amend the law through the normal legislative process to provide for a temporary gubernatorial appointment until the special election occurs,” according to the letter, dated July 2.

Kennedy suffered a seizure in May 2008 at his home on Cape Cod. Shortly after, doctors diagnosed a brain tumor-a malignant glioma in his left parietal lobe.

Surgeons at Duke University Medical Center in Durham, North Carolina, removed as much of the tumor as possible the following month. Doctors considered the procedure a success, and Kennedy underwent follow-up radiation treatments and chemotherapy.

A few weeks later, he participated in a key vote in the Senate. He also insisted on making a brief but dramatic appearance at the 2008 Democratic convention, a poignant moment that brought the crowd to its feet and tears to many eyes.

“I have come here tonight to stand with you to change America, to restore its future, to rise to our best ideals and to elect Barack Obama president of the United States,” Kennedy told fellow Democrats in a strong voice.

Kennedy’s early support for Obama was considered a boon for the candidate, then a first-term senator from Illinois locked in a tough primary battle against former first lady Hillary Clinton.

Kennedy predicted Obama’s victory and pledged to be in Washington in January when Obama assumed office-and he was, though he was hospitalized briefly after suffering a seizure during a post-inaugural luncheon.

Kennedy was one of only six senators in U.S. history to serve more than 40 years. He was elected to eight full terms to become the second most-senior senator after West Virginia Democrat Robert Byrd.

He launched his political career in 1962, when he was elected to finish the unexpired Senate term of his brother, who became president in 1960. He won his first full term in 1964.

He seemed to have a bright political future, and many Democratic eyes turned to him after the killings of his brothers. But a July 18, 1969, car wreck on Chappaquiddick Island virtually ended his ambitions.

After a party for women who had worked on his brother Robert’s presidential campaign, Kennedy drove his car off a bridge on Chappaquiddick, off Cape Cod and across a narrow channel from Martha’s Vineyard. While Kennedy managed to escape, his passenger, Mary Jo Kopechne, drowned.

In a coroner’s inquest, he denied having been drunk, and said he made “seven or eight” attempts to save Kopechne before exhaustion forced him to shore. Although he sought help from friends at the party, Kennedy did not report the accident to police until the following morning.

Kennedy eventually pleaded guilty to leaving the scene of an accident. In a televised address to residents of his home state, Kennedy called his conduct in the hours following the accident “inexplicable” and called his failure to report the wreck immediately “indefensible.”

Despite the dent in his reputation and career, Kennedy remained in American politics and went on to win seven more terms in the Senate.

Kennedy championed social causes and was the author of “In Critical Condition: The Crisis in America’s Health Care.” He served as chairman of the Judiciary and Health, Education, Labor, and Pensions committees and was the ranking Democrat on the Judiciary and Armed Services committees during periods when Republicans controlled the chamber.

Obama named Kennedy as one of 16 recipients of the 2009 Presidential Medal of Freedom, America’s highest civilian honor. A White House statement explained that the 2009 honorees “were chosen for their work as agents of change.”

Born in Boston on February 22, 1932, Edward Moore Kennedy was the last of nine children of Joseph P. Kennedy, a prominent businessman and Democrat, and Rose Fitzgerald Kennedy.

Joseph Kennedy pushed his sons to strive for the presidency, a burden “Teddy” bore for much of his life as the only surviving Kennedy son.

His oldest brother, Joe Jr., died in a plane crash during World War II when Kennedy was 12. John was assassinated in Dallas, Texas, in 1963, and Robert was killed the night of the California primary in 1968.

Ted Kennedy delivered Robert’s eulogy, urging mourners to remember him as “a good and decent man who saw wrong and tried to right it; who saw suffering and tried to heal it; who saw war and tried to stop it.”

The family was plagued with other tragedies as well. One sister, Kathleen, was killed in a plane crash in 1948. Another sister, Rosemary, was born mildly retarded, but was institutionalized after a botched lobotomy in 1941. She died in 1986 after more than 50 years in mental hospitals.

Joseph Kennedy was incapacitated by a stroke in 1961 and died in November 1969, leaving the youngest son as head of the family. He was 37.

“I can’t let go,” Kennedy once told an aide. “If I let go, Ethel (Robert’s widow) will let go, and my mother will let go, and all my sisters.”

Kennedy himself survived a 1964 plane crash that killed an aide, suffering a broken back in the accident. But he recovered to lead the seemingly ill-starred clan through a series of other tragedies: Robert Kennedy’s son David died of a drug overdose in a Florida hotel in 1984; another of Robert’s sons, Michael, was killed in a skiing accident in Colorado in 1997; and John’s son John Jr., his wife Carolyn and sister-in-law Lauren Bessette died in a 1999 plane crash off Martha’s Vineyard.

In addition, his son Edward Jr. lost a leg to cancer in the 1970s, and daughter Kara survived a bout with the disease in the early 2000s.

Like brothers John and Robert, Edward Kennedy attended Harvard. He studied in the Netherlands before earning a law degree from the University of Virginia Law School, and worked in the district attorney’s office in Boston before entering politics.

Kennedy is survived by his second wife, Victoria Ann Reggie Kennedy, whom he married in 1992; his first wife, Joan Bennett; and five children-Patrick, Kara and Edward Jr. from his first marriage, and Curran and Caroline Raclin from his second. (ANI)

Forget economic crisis, the Obamas have a new dog

WASHINGTON (Reuters) – Forget the economic crisis, the North Korean nuclear standoff and Somali pirates. The hottest news at the White House on Tuesday was the long-awaited arrival of Bo, the first family’s new dog.

Bo, a 6-month-old curly-haired black-and-white Portuguese Water Dog, has excited a media frenzy in the United States, with television networks, newspapers and websites closely tracking the Obamas’ search for a dog.

Media outlets competed to be the first to reveal the identity of the “first dog,” one of the most closely kept secrets in Washington since President Barack Obama disclosed on Election Night that he had promised daughters Malia, 10, and Sasha, 7, a dog after the November 4 presidential vote.

Bo, a gift from Senator Edward Kennedy and suddenly the world’s most famous puppy, appeared to take his newfound celebrity in stride on Tuesday as the Obamas took turns walking him on the south lawn of the White House in front of a much larger-than-normal White House press corps.

“I finally got a friend. It took some time,” Obama joked, referring to former President Harry Truman’s famous line, “If you want a friend in Washington, get a dog.”

The Obamas had narrowed their search to a Labradoodle or Portuguese Water Dog, a water-loving breed that get its name from its long history of helping Portuguese fishermen gather fish in nets, retrieve tackle and carry messages between ships.

Journalists passed up the opportunity to press the president about the state of the economy or North Korea’s decision to expel U.N. nuclear inspectors, quizzing him instead about where Bo would sleep and who would have to walk him.

“We will all have to take turns walking the dog,” said Obama, although the question appeared to be who would be walking whom after Bo broke into a run and half-dragged the president after him.

As for the sleeping arrangements — inside the White House, but “not in my bed,” Obama said.

(Reporting by Ross Colvin; Editing by Peter Cooney)