A new estimate of former President Barack Obama and his wife Michelle Obama‘s net worth has some folks pretty upset, as they look the other way while Trump allegedly uses the presidency to make money. SEE ALSO: Obamas Purchase $8.1 Million Mansion In District Of Columbia The Obama family came from humble beginning, but now the ex-president and first lady are worth about $40 million—30 times more than when they entered the White House in 2008, the Business Insider reported. That news prompted some people, presumably Donald Trump supporters, to spew hate for the Obamas on social media, accusing the former president of being a thief and forgetting people back in Chicago. However, there’s no truth to that view. Obama, raised by a single mother and his grandparents, worked his way through college. By 2004, he earned a salary of $60,287 from the Illinois State Senate and $32,144 as a law professor at the University of Chicago, according to Time. By 2005, the future … [Read more...] about Haters Can’t Stand That President Obama’s Wealth Multiplies After Leaving The White House
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Former President Barack Obama's environmental chief and the chairman of the panel overseeing the troubled MBTA are among the people who have expressed interest and have been considered to take over as chancellor of UMass Boston, MassLive has learned. Regina "Gina" McCarthy, a Massachusetts native who served as Obama's Environmental Protection Agency (EPA) chief during his second term, graduated from UMass Boston in 1976 with an anthropology degree and is currently working at Harvard University's School of Public Health. Joseph "Joe" Aiello is chairman of the five-member fiscal and management control board for the MBTA. A UMass Amherst graduate, he is a partner and director at Meridiam Infrastructure Managers, a global equity investor and developer. Whether they're still in contention for the job is unclear, though Aiello and McCarthy were active candidates as of mid-March. The UMass Boston job comes with a six-figure salary and an operating budget of $436.1 million. The campus, … [Read more...] about President Obama’s EPA chief Gina McCarthy and top MBTA overseer Joe Aiello considered for UMass Boston chancellor job
FLASH -- CAPE TOWN, South Africa (AP) - Nobel peace laureate Desmond Tutu says he is retiring from public life later this year. PELOSI INTERVIEW -- Bloomberg's James Rowley and Patrick O’Connor: "Nancy Pelosi keeps a watchful eye on her cubs. She marks milestones in their personal lives and pays close attention to the politics back home. She can be fiercely protective and stern in her demands. 'Think lioness,' she said. That combination of personal touch and hands-on management has made Pelosi, a California Democrat and the first female speaker of the U.S. House of Representatives, the chamber’s most powerful leader since Sam Rayburn died in 1961." Story Continued Below BULLETIN -- George Stephanopoulos: “[O]n ‘GMA,’ Shirley Sherrod says that she’s not ready to accept Agriculture Secretary Tom Vilsack’s job offer. She wants to hear more from the Secretary and his boss – President Obama. ‘I can’t say that the President is … [Read more...] about SHIRLEY SHERROD PUTS PRESIDENT OBAMA ON SPOT TO CALL — INCLINED TO REFUSE JOB — House Dems think they can keep losses at 20-30, short of 39 GOP needs — B’days: Jahan, Cherlin, Sam Chiron
On Friday, March 20, 2009, 60 Minutes correspondent Steve Kroft interviewed President Barack Obama on the grounds of the White House and in the Oval Office. This is part one of the full transcript. Click here for part two.STEVE KROFT: But this is my first time that I've been in this part of the White House. This is pretty impressive.PRESIDENT BARACK OBAMA: Yeah, it's pretty spectacular. I-- you-- imagine when these flowers all start to-- bloom.KROFT: Yeah.OBAMA: It'll be-- it'll be pretty spectacular.KROFT: Couple more weeks.OBAMA: Yeah, just a few more weeks.KROFT: So have you gotten into a routine?OBAMA: I have. You know, I-- typically work out in the morning. Michelle's often there with me. We do our little workout, and then--KROFT: What time?OBAMA: Oh, you know, probably around-- 7:15, after the girls have-- gone off to school. So we see them off. And then-- after the workout, have breakfast, read the papers, re-- read-- my morning security briefing. And then I come down … [Read more...] about Transcript: President Obama, Part 1
(Moneywatch) Mitt Romney wasn't the only loser in the presidential election. Wall Street's banks and investment firms raised a lot of money for the Republican nominee to no avail. Will they try to mend fences with President Obama and a Democrat-controlled Senate which will soon include Elizabeth Warren, nemesis of big banks? Almost as soon as the election was declared for Mr. Obama, The Securities Industry and Financial Markets Association -- which has lobbied and sued to overturn the Dodd-Frank bill -- came out with an oddly conciliatory statement: "We look forward to continuing to work with President Obama and a new Congress on a host of important and immediate issues. With the election now over, it is vital that we return to the work at hand, namely, the continued implementation of Dodd-Frank and addressing the fiscal cliff." Nice words alone are unlikely to be enough to make-up for the huge amount Wall Street gave to defeat the president. The financial services … [Read more...] about Can Wall St. mend its rift with President Obama?