name	Group of Twenty Finance Ministers and Central Bank Governors
map	G20.svg
msize	280px
mcaption
abbreviation	G-20 or G20
formation	1999 2008 (Heads of State Summits)
purpose	Bring together systemically important industrialized and developing economies to discuss key issues in the global economy.
membership
leader title	Current chair
leader name	France (2011)
num staff	None
website	http://www.g20.org/ }}

The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. Their heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies comprise 87.2% of global nominal GDP, 83.1% of global GDP (PPP), 85% of global gross national product, 80% of world trade (including EU intra-trade) and two-thirds of the world population. They contribute to 84.1% and 82.2% of the world's economic growth by nominal GDP and GDP (PPP) respectively from the years 2010 to 2016 according to IMF.

The G-20 was proposed by former Canadian Finance Minister Paul Martin (later, Prime Minister) for cooperation and consultation on matters pertaining to the international financial system. It studies, reviews, and promotes discussion (among key industrial and emerging market countries) of policy issues pertaining to the promotion of international financial stability, and seeks to address issues that go beyond the responsibilities of any one organization. With the G-20 growing in stature since the 2008 Washington summit, its leaders announced on September 25, 2009, that the group will replace the G8 as the main economic council of wealthy nations.

The heads of the G-20 nations have met semi-annually at G-20 summits since 2008. The most recent was held in Seoul on November 11–12, 2010. Starting in 2011, G-20 summits will be held annually.

Organization

The G-20 operates without a permanent secretariat or staff. The chair rotates annually among the members and is selected from a different regional grouping of countries. The chair is part of a revolving three-member management group of past, present and future chairs referred to as the Troika. The incumbent chair establishes a temporary secretariat for the duration of its term, which coordinates the group's work and organizes its meetings. The role of the Troika is to ensure continuity in the G-20's work and management across host years. The current chair of G20 is France; it was handed over from South Korea after the G20 Summit during November 2010.

Proposed permanent secretariat

In 2010, French President Nicolas Sarkozy proposed that a permanent secretariat of the G-20 should be established. Seoul and Paris were suggested as possible locations for its headquarters. China and Brazil supported the establishment of a secretariat, while Japan and Italy opposed such an innovation. South Korea proposed a "cyber secretariat" as an alternative.

Role of Asian countries

According to a report released by Asian Development Bank, it says that Asia will play more important role in the process of global economic governance reform. The report states that the rise of emerging market economies heralds a new world order, in which the G20 has become the global economic steering committee.

The report noted that Asia has led the global recovery and the region will have bigger voice on the global stage, such as shaping the G20 agenda for balanced and sustainable growth through strengthening intraregional trade and stimulating domestic demand.

! Region

! Member

Leader

Finance Minister

! Central Bank Governor

GDP(nominal·PPP)$Million USD

GDP per capita(nominal·PPP)$USD

! HDI

! Population

Africa

style="width: 9%;"

style="width: 10%;"

rowspan="3"

Stephen Harper

Jim Flaherty

Mark Carney

Felipe Calderón

Ernesto Cordero Arroyo

Agustín Carstens

Barack Obama

Timothy Geithner

Ben Bernanke

rowspan="2"

Cristina Fernández de Kirchner

Amado Boudou

Mercedes Marcó del Pont

Dilma Rousseff

Guido Mantega

Alexandre Tombini

Lee Myung-bak

Yoon Jeung-hyun

Hu Jintao

Xie Xuren

Zhou Xiaochuan

Yoshihiko Noda

Yoshihiko Noda

Masaaki Shirakawa

South Asia

Manmohan Singh

Pranab Mukherjee

Duvvuri Subbarao

Susilo Bambang Yudhoyono

Agus Martowardojo

Darmin Nasution

Ibrahim Abdulaziz Al-Assaf

Muhammed Al-Jasser

Dmitry Medvedev

Alexei Leonidovich Kudrin

Sergey Mikhaylovich Ignatyev

Recep Tayyip Erdoğan

Mehmet Şimşek

Erdem Başçı

----

President of the European Commission>Commission President

Herman Van Rompuy

----

José Manuel Barroso>José Manuel Durão Barroso

Olli Rehn

Jean-Claude Trichet

Nicolas Sarkozy

François Baroin

Christian Noyer

Angela Merkel

Wolfgang Schäuble

Jens Weidmann

Silvio Berlusconi

Giulio Tremonti

Mario Draghi

David Cameron

Chancellor of the Exchequer

George Osborne

Oceania

Julia Gillard

Wayne Swan

Glenn Stevens

In addition to these 20 members, the following forums and institutions, as represented by their respective chief executive officers, participate in meetings of the G-20:

the Managing Director of the International Monetary Fund

the Chairman of the International Monetary Fund

the President of the World Bank

the International Monetary and Financial Committee

the Chairman of the Development Committee

Membership does not reflect exactly the 19 largest national economies of the world in any given year. The organization states:

All 19 member nations are among the top 28 economies as measured in GDP at nominal prices in a list published by the International Monetary Fund (IMF) for 2010. Not represented by membership in the G-20 are Switzerland (19), Taiwan (24), and Norway (25), even though they rank higher than some members. Spain (12), Netherlands (16), Belgium (20), Sweden (21), Poland (22), and Austria (26) are included only as part of the EU, and not independently. When the countries' GDP is measured at purchasing power parity (PPP) rates, all 19 members are among the top 25 in the world in October 2010, according to the IMF. Iran (18), Taiwan (19) and Thailand (24) are not G-20 members, while Spain (13), Poland (20) and Netherlands (21) are only included in the EU slot. However, in a list of average GDP, calculated for the years since the group's creation (1999–2008) at both nominal and PPP rates, only Spain, Netherlands, Taiwan, and Poland appear above any G-20 member in both lists simultaneously. Spain, being the 12th largest economy in the world and 5th in the European Union in terms of nominal GDP, is a 'permanent guest' of the organization, although the Spanish government's policy is to not request official membership. As such, Spain has been invited and attended the last four G-20 summits with its own delegation.

Invitees

Typically, several countries that are not permanent members of the G20 are nonetheless extended invitations to participate in the summits. The invitees are chosen by the host country. For the 2010 summits, for example, both Canada and South Korea invited Ethiopia (chair of NEPAD), Malawi (chair of the African Union), Vietnam (chair of ASEAN), and Spain. As one of the world's 12 largest economies, Spain has been invited to every summit. Canada also invited the Netherlands (world's 16th largest economy) while South Korea invited Singapore. Both Canada and South Korea invited seven international organizations: the United Nations, the International Labour Organization, the World Bank, the International Monetary Fund, the Organisation for Economic Cooperation and Development, the World Trade Organization, and the Financial Stability Board.

History

The G-20, which superseded the G33, which had itself superseded the G22, was foreshadowed at the Cologne Summit of the G7 in June 1999, but was formally established at the G7 Finance Ministers' meeting on 26 September 1999. The inaugural meeting took place on 15–16 December 1999 in Berlin. In 2008 Spain and Netherlands were included by French invitation for the G-20 Leaders Summit on Financial Markets and the World Economy.

In 2006 the theme of the G-20 meeting was “Building and Sustaining Prosperity”. The issues discussed included domestic reforms to achieve “sustained growth”, global energy and resource commodity markets, ‘reform’ of the World Bank and IMF, and the impact of demographic changes due to an aging population. Trevor A. Manuel, MP, Minister of Finance, South Africa, was the chairperson of the G-20 when South Africa hosted the Secretariat in 2007. Guido Mantega, Minister of Finance, Brazil, was the chairperson of the G-20 in 2008; Brazil proposed dialogue on competition in financial markets, clean energy and economic development and fiscal elements of growth and development. In a statement following a meeting of G7 finance ministers on 11 October 2008, US President George W. Bush stated that the next meeting of the G-20 would be important in finding solutions to the (then called) economic crisis of 2008. An initiative by French President Nicolas Sarkozy and British Prime Minister Gordon Brown led to a special meeting of the G-20, a G-20 Leaders Summit on Financial Markets and the World Economy, on 15 November 2008.

Despite being fairly informal and lack of rule enforcing ability, the G 20 is quite powerful and has a strong input on global policy. This power does not clear all problems, and there are disputes over the legitimacy of the G 20 and some internal quarrels.

Additionally, there had been talk and hope for better organization and power at the Seoul summit, but there was little done. Macroeconomics was discussed while development issues were ignored. Many hope that global governance can be made more inclusive by the G 20 and that their declarations can actually be seen through.

Summits

The G-20 Summit was created as a response both to the financial crisis of 2007–2010 and to a growing recognition that key emerging countries were not adequately included in the core of global economic discussion and governance. The G-20 Summits of heads of state or government were held in addition to the G-20 Meetings of Finance Ministers and Central Bank Governors who continued to meet to prepare the leaders' summit and implement their decisions. After the debut summit in Washington, D.C. during 2008, G-20 leaders met twice a year in London and Pittsburgh in 2009, Toronto and Seoul in 2010.

Beginning in 2011, when France will chair and host the G-20, the summits will only be once a year. Mexico will chair and host the leaders' summit in 2012.

April 2009 September 2009 June 2010 November 2010 November 2011 2012

!! Date !! Host country !! Host city !! Website
2008 G-20 Washington summit	1st	November 2008	|	Washington, D.C.
2009 G-20 London summit	2nd	|		London
2009 G-20 Pittsburgh summit	3rd	|		Pittsburgh
2010 G-20 Toronto summit	4th	|		Toronto
2010 G-20 Seoul summit	5th	|		Seoul
2011 G-20 Cannes summit	6th	|		Cannes
7th	|		TBD

Critiques

Exclusivity of membership

Although the G20 has stated that the group's "economic weight and broad membership gives it a high degree of legitimacy and influence over the management of the global economy and financial system," its legitimacy has been challenged. With respect to the membership issue, U.S. President Barack Obama has noted the difficulty of pleasing everyone: "everybody wants the smallest possible group that includes them. So, if they're the 21st largest nation in the world, they want the G-21, and think it's highly unfair if they have been cut out."

Norwegian perspective

In an interview with Der Spiegel, Norwegian Foreign Minister Jonas Gahr Støre called the G-20 "one of the greatest setbacks since World War II." Although Norway is the largest contributor to development programs in the World Bank and United Nations, it is not a member of the E.U. and thus not represented in the G-20 even indirectly. Norway, like the other 170 nations not among the G-20, has little or no voice within the group. Støre characterized the G-20 as a "self-appointment group", arguing that it undermines the legitimacy of organizations set up in the aftermath of World War II, organizations like the IMF, World Bank and United Nations:

Global Governance Group (3G) response

According to Singapore's representative to the United Nations, UN members who are not G20 members have responded to the G20's exclusivity by either reacting with indifference, refusing to acknowledge the G20's legitimacy, or accepting that the G20 will be the premier forum for international economic cooperation going forward but hoping to "engage the G-20 as the latter continues to evolve so that our interests are taken on board." Out of this latter group Singapore has taken a leading role in organizing an informal "Global Governance Group" of 28 non-G20 countries, with the idea being that by working collectively they might channel their views into the G20 process more effectively. Singapore's chairing of the Global Governance Group was cited as a rationale for inviting Singapore to the November 2010 G20 Summit in South Korea.

Concerns

The G20's transparency has also been questioned by critics who call attention to the absence of a charter and the fact that the most important meetings are closed-door. Critics propose an alternative such as an Economic Security Council within the United Nations, where members should be elected by the General Assembly based on their importance in the world economy and the contribution they are willing to provide to world economic development.

The cost and extent of summit-related security is often a contentious issue in the hosting country and G-20 summits have attracted protesters from a variety of backgrounds, including anarchists, anti-capitalists and nationalists.

See also

List of G-20 summits

Group of Thirty

References

Further reading

Haas, P.M. (1992). "Introduction. Epistemic communities and international policy coordination," ''International Organization 46,1:1-35.

Hajnal, Peter I. (1999). The G8 system and the G20 : Evolution, Role and Documentation. Aldershot, Hampshire: Ashgate Publishing. 13-ISBN 978-0-7546-4550-4/10-ISBN 0-7546-4550-9; OCLC 277231920

Reinalda, Bob and Bertjan Verbeek. (1998). Autonomous Policy Making by International Organizations. London: Routledge. 10-ISBN 0-415-16486-9/13-ISBN 978-0-415-16486-3; 13-ISBN 978-0-203-45085-7;10-ISBN 0-203-45085-X; OCLC 39013643

Augusto Lopez-Claros, Augusto, Richard Samans and Marc Uzan. (2007). The international monetary system and the IMF, and the G-20 : a great transformation in the making? Basingstoke: Palgrave Macmillan. 10-ISBN 0-230-52495-8/13-ISBN 978-0-230-52495-8; OCLC 255621756

External links

Official G-20 website

2010 Seoul G20

G-20 Information Centre from the University of Toronto

A Guide To Committees, Groups, And Clubs from the International Monetary Fund

G20 Special Report guardian.co.uk

IPS News - G20 Special Report

The G20's role in the post-crisis world by FRIDE

The Group of Twenty—A History, 2007

http://www.indiainfoline.com/Markets/News/Archived/Economics-for-Everyone-G20-Gearing-for-Growth/1035896400

Category:International economic organizations

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order	44th
office	President of the United States
term start	January 20, 2009
vicepresident	Joe Biden
predecessor	George W. Bush
birth date	August 04, 1961
birth place	Honolulu, Hawaii, United States
birthname	Barack Hussein Obama II
nationality	American
party	Democratic
spouse	Michelle Obama (m. 1992)
children	Malia (b.1998) Sasha (b.2001)
residence	The White House
alma mater	Occidental CollegeColumbia University (B.A.)Harvard Law School (J.D.)
profession	Community organizerAttorneyAuthorConstitutional law professorUnited States SenatorPresident of the United States
religion	Christian, former member of United Church of Christ
signature	Barack Obama signature.svg
website	Official White House Website
footnotes	}}

The Presidency of Barack Obama began at noon EST on January 20, 2009 when he became the 44th President of the United States. Obama was a United States Senator from Illinois at the time of his victory over Arizona Senator John McCain in the 2008 presidential election. Barack Obama is the first African-American president of the United States, as well as the first born in Hawaii.

His policy decisions have addressed a global financial crisis and have included changes in tax policies, legislation to reform the United States health care industry, foreign policy initiatives and the phasing out of detention of prisoners at the Guantanamo Bay detention camp in Cuba. He attended the G-20 London summit and later visited U.S. troops in Iraq. On the tour of various European countries following the G-20 summit, he announced in Prague that he intended to negotiate substantial reduction in the world's nuclear arsenals, en-route to their eventual extinction. In October 2009, Obama was awarded the Nobel Peace Prize for "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."

Transition period

The presidential transition period began following Obama's election to the presidency on November 4, 2008. The Obama-Biden Transition Project was co-chaired by John Podesta, Valerie Jarrett, and Pete Rouse. During the transition period, Obama announced his nominations for his Cabinet and administration. Shortly after the election on November 4, Obama chose Representative Rahm Emanuel of Illinois as his Chief of Staff. On January 6, 2011 President Barack Obama named William M. Daley the White House Chief of Staff of the Executive Office of the President of the United States, replacing Pete Rouse who had been acting in that capacity since Rahm Emanuel left the White House in October 2010 to run for Mayor of Chicago.

Cabinet nominations included former Democratic primary opponents Hillary Rodham Clinton for Secretary of State and Bill Richardson for Secretary of Commerce (although the latter withdrew on January 4, 2009). Obama appointed Eric Holder as his Attorney General, the first African-American appointed to that position. He also nominated Timothy F. Geithner to serve as Secretary of the Treasury. On December 1, Obama announced that he had asked Robert Gates to remain as Secretary of Defense, making Gates the first Defense head to carry over from a president of a different party. He nominated former Assistant Secretary of State for African Affairs Susan Rice to the United States Ambassador to the United Nations, which he restored to a Cabinet-level position.

During his transition, he maintained a website Change.gov, on which he wrote blogs to readers and uploaded video addresses by many of the members of his new cabinet. He announced strict rules for federal lobbyists, restricting them from financially contributing to his administration and forcing them to stop lobbying while working for him. The website also allowed individuals to share stories and visions with each other and the transition team in what was called the Citizen's Briefing Book, which was given to Obama shortly after his inauguration. Most of the information from Change.gov was transferred to the official White House website Whitehouse.gov just after Obama's inauguration.

Inauguration

Barack Obama was inaugurated on January 20, 2009. He officially assumed the presidency at 12:00 noon, EST, and completed the oath of office at 12:05 PM, EST. He delivered his inaugural address immediately following his oath. After his speech, he went to the President's Room in the House Wing of the Capitol and signed three documents: a commemorative proclamation, a list of Cabinet appointments, and a list of sub-Cabinet appointments, before attending a luncheon with congressional and administration leaders and invited guests. To commemorate the 200th anniversary of the birth of former President Abraham Lincoln, the same Bible that was used for Lincoln's inauguration was used in Obama's inauguration.

In administering the oath, Chief Justice John G. Roberts misplaced the word "faithfully" and erroneously replaced the phrase "President of the United States" with "President to the United States" before restating the phrase correctly; since Obama initially repeated the incorrect form, some scholars argued the President should take the oath again. On January 21, Roberts readministered the oath to Obama in a private ceremony in the White House Map Room, making him the seventh U.S. president to retake the oath; White House Counsel Greg Craig said Obama took the oath from Roberts a second time out of an "abundance of caution".

First 100 days

Expectations

Obama's 100th day in office was April 29, 2009. In his first post-election interview with 60 Minutes, Obama said that he has been studying Roosevelt's first 100 days, while adding, "The first hundred days is going to be important, but it's probably going to be the first thousand days that makes the difference."

Obama's first 100 days were highly anticipated ever since he became the presumptive nominee. Several news outlets created web pages dedicated to covering the subject. Commentators weighed in on challenges and priorities within domestic, foreign, economic, and environmental policy. CNN lists a number of economic issues that "Obama and his team will have to tackle in their first 100 days", foremost among which is passing and implementing a recovery package to deal with the financial crisis. Clive Stafford Smith, a British human rights lawyer, expressed hopes that the new president will close Guantanamo Bay detention camp in his first 100 days in office. After aides of the president announced his intention to give a major foreign policy speech in the capital of an Islamic country, there were speculations in Jakarta that he might return to his former home city within the first 100 days.

The New York Times devoted a five-part series, which was spread out over two weeks, to anticipatory analysis of Obama's first hundred days. Each day, the analysis of a political expert was followed by freely edited blog postings from readers. The writers compared Obama's prospects with the situations of Franklin D. Roosevelt (January 16, Jean Edward Smith), John F. Kennedy (January 19, Richard Reeves), Lyndon B. Johnson (January 23, Robert Dallek), Ronald Reagan (January 27, Lou Cannon), and Richard Nixon.

Legislation and executive orders

Within minutes of taking the Oath of Office on January 20, Obama's Chief of Staff, Rahm Emanuel, issued an order suspending last-minute federal regulations pushed through by outgoing President George W. Bush, planning to review everything still pending. Due to the economic crisis, the President enacted a pay freeze for Senior White House Staff making more than $100,000 per year, as well as announcing stricter guidelines regarding lobbyists in an effort to raise the ethical standards of the White House. He asked for a waiver to his own new rules, however, for the appointments of William Lynn to the position of Deputy Defense Secretary, Jocelyn Frye to the position of director of policy and projects in the Office of the First Lady, and Cecilia Muñoz to the position of director of intergovernmental affairs in the executive office of the president, leading to some criticism of hypocrisy and violation of his pledge for governmental openness.

In his first week in office, Obama signed an executive order suspending all the ongoing proceedings of Guantanamo military commission and ordering the detention facility to be shut down within the year. He also signed Executive Order 13491 - Ensuring Lawful Interrogations requiring the Army Field Manual to be used as a guide for terror interrogations, banning torture and other coercive techniques, such as waterboarding. Obama also issued an executive order entitled "Ethics Commitments by Executive Branch Personnel", setting stricter limitations on incoming executive branch employees and placing tighter restrictions on lobbying in the White House. Obama signed two Presidential Memoranda concerning energy independence, ordering the Department of Transportation to establish higher fuel efficiency standards before 2011 models are released and allowing states to raise their emissions standards above the national standard. He also ended the Mexico City Policy, which banned federal grants to international groups that provide abortion services or counseling.

In his first week he also established a policy of producing a weekly Saturday morning video address available on Whitehouse.gov and YouTube, much like those released during his transition period. The first address had been viewed by 600,000 YouTube viewers by the next afternoon.

The first piece of legislation Obama signed was the Lilly Ledbetter Fair Pay Act of 2009 on January 29, which revised the statute of limitations for filing pay discrimination lawsuits. Lilly Ledbetter joined Obama and his wife, Michelle, as he signed the bill, fulfilling his campaign pledge to nullify Ledbetter v. Goodyear. On February 3, he signed the Children's Health Insurance Program Reauthorization Act (CHIP), expanding health care from 7 million children under the plan to 11 million.

| format = Ogg | type = speech }} After much debate, the American Recovery and Reinvestment Act (ARRA) was passed by both House and Senate on February 13, 2009. Originally intended to be a bipartisan bill, the passage of the bill was largely along party lines. No Republicans voted for it in the House, and three moderate Republicans voted for it in the Senate (Susan Collins and Olympia Snowe of Maine and Arlen Specter of Pennsylvania). The bill combined tax breaks with spending on infrastructure projects, extension of welfare benefits, and education. The final cost of the bill was $787 billion, and almost $1.2 trillion with debt service included. Obama signed the Act into law on February 17, 2009 in Denver, Colorado.

On March 9, 2009, Obama lifted restrictions on federal funding of embryonic stem cell research, and in doing so, called into question some of George W. Bush's signing statements. Obama stated that he too would employ signing statements if he deems upon review that a portion of a bill is unconstitutional, and he has issued several signing statements.

Early in his presidency, Obama signed a law raising the tobacco tax 62 cents on a pack of cigarettes. The tax is to be "used to finance a major expansion of health insurance for children", and "help some [smokers] to quit and persuade young people not to start".

Approval ratings and opinion

2009

After his transition period, Obama entered office with an approval rating of 82%. At the end of his first week, 68% of respondents in a Gallup poll approved of how Obama was handling his job, matching the early approval ratings of Dwight D. Eisenhower and trailing only John F. Kennedy in post-World War II presidents.

Throughout early February polls showed scattered approval ratings: 62% (CBS News), 64% (USA Today/Gallup), 66% (Gallup), and 76% in an outlier poll (CNN/Opinion Research). Gallup reported the congressional address in late February boosted his approval from a term-low of 59% to 67%.

Throughout autumn 2009, Rasmussen estimated Obama's approval as fluctuating between 45 and 52% and his disapproval between 48 and 54%; as of November 11, Pew Research estimated Obama's approval between 51 and 55% and his disapproval between 33 and 37% since July.

Handling of the economy

Rasmussen reported in mid-February 2009 that 55% of voters gave Obama good or excellent marks on his handling of the economy. In early March, a Wall Street Journal survey of 49 economists gave Obama an average grade of 59 out of 100, with 42% of the respondents surveyed giving the administration's economic policies a grade below 60 percent. In comparison, only 30% of those same economists considered the response of governments around the world to the global recession to have been adequate. In April, a Gallup poll showed trust in Obama's economic policy with 71% saying they had "a fair amount" or "a great deal" of confidence in Obama's handling of the economy, higher than for Ben Bernanke, Tim Geithner, or leaders of Congress. Another Gallup poll in June showed 55% of Americans approved Obama's overall handling of the economy, but 48% and 51% disapproved of his handling of the federal budget deficit and controlling federal spending, respectively. A CBS News poll taken August 27–31 showed 53% of those polled approved of his handling of the economy. A Rasmussen poll taken on November 12 found 45% of Americans rating Obama's handling of the economy as poor and 39% rating him as doing a good or excellent job. They found 72% of Democrats rated his handling of the economy as good or excellent, while only 10% of Republicans and 27% of voters not affiliated with either party agreed.

2010

On March 25, 2010, following his signing of landmark health care reform legislation into law, Obama's polling was revealed by Bloomberg to be 50%, with higher marks for relations with other countries (58%) and his running of the war in Afghanistan (54%). "Obama's approval rating is roughly equal to what Bill Clinton had at this point in his presidency, according to data maintained by Gallup (and) higher than the 45 percent Ronald Reagan recorded in April 1982" and more favorable than Democrats or Republicans office in 2010. They found Obama's approval rating was at 85% among Democrats, compared with 46% among independents and 11% among Republicans.

Fox News released the results of two polls on April 8–9, 2010. The first showed a drop in Obama's approval rating to 43%, with 48% disapproving. In that poll, Democrats approved of Obama's performance 80–12%, while independents disapproved 49–38%. The other poll, which concentrated on the economy, showed disapproval of Obama's handling of the economy by a 53–42% margin, with 62% saying they were dissatisfied with the handling of the federal deficit. According to a Gallup Poll released April 10, 2010, President Obama had a 45% approval rating, with 48% disapproving. In a poll from Rasmussen Reports, released April 10, 2010, 47% approved of the President's performance, while 53% disapproved.

2011

Major legislation

Legislation signed

2009

January 29: Lilly Ledbetter Fair Pay Act

February 4: Children’s Health Insurance Reauthorization Act

February 11: DTV Delay Act

February 17: American Recovery and Reinvestment Act

March 30: Omnibus Public Lands Management Act of 2009

April 21: Edward M. Kennedy Serve America Act

May 20: Fraud Enforcement and Recovery Act

May 20: Helping Families Save Their Homes Act of 2009

May 22: Credit Card Accountability, Responsibility, and Disclosure Act of 2009

June 22: Family Smoking Prevention and Tobacco Control Act

August 6: Cash For Clunkers Extension Act

October 22: Veterans Health Care Budget Reform and Transparency Act

October 28: Matthew Shepard and James Byrd Jr. Hate Crimes Prevention Act

October 28: National Defense Authorization Act for Fiscal Year 2010

October 30: Ryan White HIV/AIDS Treatment Extension Act

November 6: Worker, Homeownership, and Business Assistance Act of 2009

2010

January 27: Emergency Aid to American Survivors of Haiti Earthquake Act

March 4: Travel Promotion Act

March 18: Hiring Incentives to Restore Employment Act (HIRE Act)

March 23: Patient Protection and Affordable Care Act

March 30: Health Care and Education Reconciliation Act of 2010

May 5: Caregivers and Veterans Omnibus Health Services Act of 2010

May 17: Daniel Pearl Freedom of the Press Act

July 1: Comprehensive Iran Sanctions, Accountability, and Divestment Act

July 21: Dodd-Frank Wall Street Reform and Consumer Protection Act

July 22: Unemployment Compensation Extension Act of 2010

July 22: Improper Payments Elimination and Recovery Act of 2010

August 10: SPEECH Act of 2010

September 27: Small Business Jobs and Credit Act of 2010

December 9: Animal Crush Video Prohibition Act of 2010

December 13: Healthy, Hunger-Free Kids Act of 2010

December 17: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

December 22: Don't Ask, Don't Tell Repeal Act of 2010

2011

January 2: James Zadroga 9/11 Health and Compensation Act of 2010 () January 4: Food Safety and Modernization Act, ,

January 7: National Defense Authorization Act for Fiscal Year 2011

August 2: Budget Control Act of 2011

Personnel

Cabinet appointees

Twenty-two members of the Obama administration are either in the United States Cabinet (15) or are in positions considered to be Cabinet-level (7). The members of the Cabinet are the heads of the fifteen major departments (State, Defense, Justice, etc.), and the seven cabinet-level positions are the Vice President, White House Chief of Staff, Administrator of the Environmental Protection Agency, Director of the Office of Management and Budget, U.S. Trade Representative, Ambassador to the United Nations, and the Chair of the Council of Economic Advisers. Since Robert Gates was a member of the previous administration, his letter of resignation (a formality at the end of a President's term) was simply not accepted, and he did not need confirmation. On January 19, 2009, Senate Democratic leaders requested fifteen of the twenty positions to be ratified by unanimous consent, and seven gained unanimous confirmation by voice vote the next day: Ken Salazar, Steven Chu, Arne Duncan, Peter Orszag, Eric Shinseki, Tom Vilsack, and Janet Napolitano. On January 21, Obama presided over the swearing in of the seven unanimous nominees. Later that day, the Senate confirmed Hillary Clinton by a 94–2 vote. On January 22, several more confirmations were approved unanimously: Susan E. Rice, Ray LaHood, Lisa P. Jackson, and Shaun Donovan. On January 26, the Senate confirmed Geithner by a 60–34 margin.

At the conclusion of Obama's first week as President, Hilda Solis, Tom Daschle, Ron Kirk, and Eric Holder had yet to be confirmed, and there had been no second appointment for Secretary of Commerce. Holder was confirmed by a vote of 75–21 on February 2, and on February 3, Obama announced Senator Judd Gregg as his second nomination for Secretary of Commerce. Daschle withdrew later that day amid controversy over his failure to pay income taxes and potential conflicts of interest related to the speaking fees he accepted from health care interests. Solis was later confirmed by a vote of 80-17 on February 24, and Ron Kirk was confirmed on March 18 by a 92-5 vote in the Senate.

Gregg, who was the leading Republican negotiator and author of the TARP program in the Senate, after publication that he had a multi-million dollar investment in the Bank of America, on February 12, withdrew his nomination as Secretary of Commerce, citing "irresolvable conflicts" with President Obama and his staff over how to conduct the 2010 census and the American Recovery and Reinvestment Act of 2009. . Former Washington governor Gary Locke was nominated on February 26 as Obama's third choice for Commerce Secretary and confirmed on March 24 by voice vote.

On March 2, Obama introduced Kansas governor Kathleen Sebelius as his second choice for Secretary of Health and Human Services. He also introduced Nancy-Ann DeParle as head of the new White House Office of Health Reform, which he suggested would work closely with the Department of Health and Human Services. At the end of March, Sebelius was the only remaining Cabinet member yet to be confirmed.

Six high-ranking cabinet nominees in the Obama administration had their confirmations delayed or rejected among reports that they did not pay all of their taxes, including Tom Daschle, Obama's original nominee for Health and Human Services Secretary, and Treasury Secretary Timothy Geithner. Though Geithner was confirmed, and Senator Max Baucus, chairman of the Senate Finance Committee, thought Daschle would have been confirmed, Daschle withdrew his nomination on February 3. Obama had nominated Nancy Killefer for the position of Chief Performance Officer, but Killefer also withdrew on February 3, citing unspecified problems with District of Columbia unemployment tax. A senior administration official said that Killefer's tax issues dealt with household help. Hilda Solis, Obama's nominee for Secretary of Labor, faced delayed confirmation hearings due to tax lien concerns pertaining to her husband's auto repair business, but she was later confirmed on February 24. While pundits puzzled over U.S. Trade Representative-designate Ron Kirk's failure to be confirmed by March 2009, it was reported on March 2 that Kirk owed over $10,000 in back taxes. Kirk agreed to pay them in exchange for Senate Finance Committee Chairman Max Baucus's aid in speeding up the confirmation process; he was later confirmed on March 18. On March 31, Kathleen Sebelius, Obama's nominee for Health and Human Services secretary, revealed in a letter to the Senate Finance Committee that her Certified Public Accountant found errors in her tax returns for years 2005-2007. She, along with her husband, paid more than $7,000 in back taxes, along with $878 in interest.

Notable non-Cabinet positions

Appointees serve at the pleasure of the President and were nominated by Barack Obama except as noted.

Chair of the Federal Deposit Insurance Corporation

*Sheila Bair¹ (2009-2011)

Special envoy for Afghanistan and Pakistan

*Richard Holbrooke (2009-2010)

*Marc Grossman (2011-present)

Assistant to the President for National Security Affairs

* Retired General James L. Jones (2009-2011)

* Thomas E. Donilon (2011-present)

Special envoy to the Middle East

* George J. Mitchell (2009-2011)

* David Hale (2011-present)

Director of the Federal Bureau of Investigation

* Robert Mueller² (2009-present)

Director of the Central Intelligence Agency

* Leon Panetta (2009-2011)

* Michael Morell (Acting-2011)

* David Petraeus (2011-present)

Chair of the Council of Economic Advisers

* Christina Romer (2009-2010)

* Austan Goolsbee (2010-2011)

* TBD

Chair of the Securities and Exchange Commission

* Mary Schapiro (2009-present)

Assistant to the President for Economic Policy and Director of National Economic Council

* Lawrence Summers (2009-2010)

* Gene Sperling (2011-present)

Chairman of the Economic Recovery Advisory Board

* Paul Volcker (2009-2011)

* Replaced by Council on Jobs and Competitiveness in 2011

Chairperson of the Council on Jobs and Competitiveness

* Jeffrey R. Immelt (2011-present)

¹Appointed by George W. Bush in 2006 to a five-year term ²Appointed by George W. Bush in 2001 to a ten-year term

Judicial nominees

United States Supreme Court

Obama appointed the following Justices to the Supreme Court of the United States: Sonia Sotomayor 2009 Elena Kagan 2010

Other courts

Outside of the Supreme Court, by October 2009 Obama had nominated fewer than two dozen judges to fill judicial vacancies, of which there were close to 100. This has prompted some Democrats to criticize the pace of Obama's judicial appointments as too slow. In December 2009, Senator Patrick Leahy criticized Republicans for stalling those judicial nominations that had been made, noting that the Senate confirmed more district and circuit court nominees during the first year of the George W. Bush administration than it had approved by that point during the Barack Obama presidency.

As of July 2010, Obama's nominees to the district and circuit courts had been confirmed at a rate of only 43.5 percent, compared to 87.2 percent during Bill Clinton's administration and 91.3 percent for George W. Bush. The Center for American Progress, which compiled the data, commented:

Judicial confirmations slowed to a trickle on the day President Barack Obama took office. Filibusters, anonymous holds, and other obstructionary tactics have become the rule. Uncontroversial nominees wait months for a floor vote, and even district court nominees—low-ranking judges whose confirmations have never been controversial in the past—are routinely filibustered into oblivion. Nominations grind to a halt in many cases even after the Senate Judiciary Committee has unanimously endorsed a nominee.

Policies

Economy

Upon entering office, Obama planned to center his attention on handling the global financial crisis. Even before his inauguration he lobbied Congress to pass an economic stimulus bill, which became the top priority during his first month in office. As President, Obama made a high profile trip to Capitol Hill, Washington, D.C. to dialog with Congressional Republicans and advocate for the bill. On February 17, 2009, Obama signed into law a $787 billion plan that included spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals. The tax provisions of the law reduced taxes for 98 per cent of taxpayers, bringing tax rates to their lowest levels in 60 years.

As part of the 2010 budget proposal, the Obama administration has proposed additional measures to attempt to stabilize the economy, including a $2–3 trillion measure aimed at stabilizing the financial system and freeing up credit. The program includes up to $1 trillion to buy toxic bank assets, an additional $1 trillion to expand a federal consumer loan program, and the $350 billion left in the Troubled Assets Relief Program. The plan also includes $50 billion intended to slow the wave of mortgage foreclosures. The 2011 Budget includes a three-year freeze on discretionary spending, proposes several program cancellations, and raises taxes on high income earners to bring down deficits during the economic recovery.

In a July 2009 interview with ABC News, Vice President Biden was asked about the sustained increase of the U.S. unemployment rate from May 2007 to October 2009 despite the administration's multi-year economic stimulus package passed five months earlier. He responded "The truth is, we and everyone else, misread the economy. The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there ... the truth is, there was a misreading of just how bad an economy we inherited." The White House indicates that 2 million jobs were created or saved due to the stimulus package in 2009 and self reporting by recipients of the grants, loans, and contracts portion of the package report that the package saved or created 608,317 jobs in the final three months of 2009.

The unemployment rate rose in 2009, reaching a peak in October at 10.1% and averaging 10.0% in the fourth quarter. Following a decrease to 9.7% in the first quarter of 2010, the unemployment rate fell to 9.6% in the second quarter, where it remained for the rest of the year. Between February and December 2010, employment rose by 0.8%, which was less than the average of 1.9% experienced during comparable periods in the past four employment recoveries. GDP growth returned in the third quarter of 2009, expanding at a 1.6% pace, followed by a 5.0% increase in the fourth quarter. Growth continued in 2010, posting an increase of 3.7% in the first quarter, with lesser gains throughout the rest of the year. Overall, the economy expanded at a rate of 2.9% in 2010.

During November–December 2010, Obama and a lame duck session of the 111th Congress focused on a dispute about the temporary Bush tax cuts, which were due to expire at the end of the year. Obama wanted to extend the tax cuts for taxpayers making less than $250,000 a year. Congressional Republicans agreed but also wanted to extend the tax cuts for those making over that amount, and refused to support any bill that did not do so. All the Republicans in the Senate also joined in saying that, until the tax dispute was resolved, they would filibuster to prevent consideration of any other legislation, except for bills to fund the U.S. government. On 7 December, Obama strongly defended a compromise agreement he had reached with the Republican congressional leadership that included a two-year extension of all the tax cuts, a 13-month extension of unemployment insurance, a one-year reduction in the FICA payroll tax, and other measures. On 10 December, Senator Bernie Sanders (I-VT) led a filibuster against the compromise tax proposal, which lasted over eight hours. Obama persuaded many wary Democrats to support the bill, but not all; of the 148 votes against the bill in the House, 112 were cast by Democrats and only 36 by Republicans. The $858 billion Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which The Washington Post called "the most significant tax bill in nearly a decade", passed with bipartisan majorities in both houses of Congress and was signed into law by Obama on December 17, 2010.

Ethics

Lobbying reform

Early in his presidential campaign, Obama stated that "they [lobbyists] won't find a job in my White House", but softened his stance later in the campaign. On January 21, 2009 Obama issued an executive order for all future appointees to his administration, which stated, no appointee who was a registered lobbyist within the two years before his appointment could participate on matters in which he lobbied for a period of two years after the date of appointment. Three formal waivers were initially issued in early 2009 out of 800 executive appointments: to William J. Lynn III, a lobbyist for Raytheon, to hold the position of Deputy Secretary of Defense; to Jocelyn Frye, former general counsel at the National Partnership for Women and Families, to serve as Director of Policy and Projects in the Office of the First Lady; and to Cecilia Muñoz, former senior vice president for the National Council of La Raza, to serve as Director of Intergovernmental Affairs in the Executive Office of the President. As of March 21, 2009 at least thirty officials appointed by Obama had been lobbyists in the past five years. Ten additional waivers were announced in September 2009.

Not all recent former lobbyists require waivers; those without waivers write letters of recusal stating issues from which they must refrain because of their previous jobs. USA Today reported that 21 members of the Obama administration have at some time been registered as federal lobbyists, although most have not within the previous two years. Lobbyists in the administration include William Corr, an anti-tobacco lobbyist, as Deputy Secretary of Health and Human Services and Tom Vilsack, who lobbied in 2007 for a national teachers union, as Secretary of Agriculture. Also, the Secretary of Labor nominee, Hilda Solis, formerly served as a board member of American Rights at Work, which lobbied Congress on two bills Solis co-sponsored, and Mark Patterson, Treasury Secretary Timothy Geithner's chief of staff, is a former lobbyist for Goldman Sachs.

The Citizens for Responsibility and Ethics in Washington have criticized the administration, claiming that Obama is retreating from his own ethics rules barring lobbyists from working on the issues about which they lobbied during the previous two years by issuing waivers. According to Melanie Sloan, the group's executive director, "It makes it appear that they are saying one thing and doing another."

Transparency

The Obama administration has said that all executive orders, proclamations, and all non-emergency legislation will be posted to the official White House website Whitehouse.gov, allowing the public to review and comment for five days before the President signs the legislation. The pledge was twice broken during Obama's first month in office when he signed SCHIP legislation and the Lilly Ledbetter Fair Pay Act with less than the full five days of "sunlight before signing". The administration has said that they are still "working through implementation procedures and some initial issues with the congressional calendar".

Obama plans to post a video address each week on the site, and on YouTube, informing the public of government actions each week. During his speech at the 2008 Democratic National Convention, Obama stated, "I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less - because we cannot meet twenty-first century challenges with a twentieth century bureaucracy."

On January 21, 2009, by executive order, Obama revoked Executive Order 13233, which had limited access to the records of former United States Presidents. Obama issued instructions to all agencies and departments in his administration to "adopt a presumption in favor" of Freedom of Information Act requests. In April 2009 the United States Department of Justice released four legal memos from the Bush administration to comply voluntarily with a Freedom of Information Act lawsuit filed by the American Civil Liberties Union. The memos were written by John Yoo and signed by Jay Bybee and Steven Bradbury, then Principal Assistant Attorneys General to the Department of Justice, and addressed to John Rizzo, general counsel of the Central Intelligence Agency. The memos describe in detail controversial interrogation methods the CIA used on prisoners suspected of terrorism. Obama became personally involved in the decision to release the memos, which was opposed by former CIA directors Michael Hayden, Porter Goss, George Tenet and John Deutch. Former Vice President Dick Cheney criticized Obama for not releasing more memos; Cheney claimed that unreleased memos detail successes of CIA interrogations.

The American Recovery and Reinvestment Act requires all recipients of the funds provided by the act to publish a plan for using the funds, along with purpose, cost, rationale, net job creation, and contact information about the plan to a website Recovery.gov so that the public can review and comment. Inspectors General from each department or executive agency will then review, as appropriate, any concerns raised by the public. Any findings of an Inspector General must be relayed immediately to the head of each department and published on Recovery.gov.

On June 16, 2009, Citizens for Responsibility and Ethics in Washington (CREW) filed a lawsuit against the Obama administration in order to get information about the visits of coal company executives. Anne Weismann, the chief counsel for CREW, stated "The Obama administration has now taken exactly the same position as the Bush administration... I don't see how you can keep people from knowing who visits the White House and adhere to a policy of openness and transparency." On June 16, MSNBC reported that its more comprehensive request for visitor logs since Obama's January 20 inauguration had been denied. The administration announced that White House visitor logs will be made available to the public on an ongoing basis, with certain limitations, for visits occurring after September 15, 2009. Beginning on January 29, 2010, the White House did begin to release the names of its visitor records. Since that time, names of visitors (which includes not only tourists, but also names of union leaders, Wall Street executives, lobbyists, party chairs, philanthropists and celebrities), have been released. The names are released in huge batches up to 75,000 names at a time. Names are released 90–120 days after having visited the White House. The complete list of names is available online by accessing the official White House website.

Obama stated during the 2008 Presidential campaign that he would have negotiations for health care reform televised on C-SPAN, citing transparency as being the leverage needed to ensure that people stay involved in the process taking place in Washington. This did not fully happen and Politifact gives President Obama a "Promise Broken" rating on this issue. After White House press secretary Robert Gibbs initially avoided addressing the issue, President Obama himself acknowledged that he met with Democratic leaders behind closed doors to discuss how best to garner enough votes in order to merge the two (House and Senate) passed versions of the health care bill. Doing this violated the letter of the pledge, although Obama maintains that negotiations in several congressional committees were open, televised hearings. Obama also cited an independent ethics watchdog group describe his administration as the most transparent in recent history.

The Obama administration has been characterized as much more aggressive than the Bush and other previous administrations in their response to whistleblowing and leaks to the press. Three people have been prosecuted under the rarely used Espionage Act of 1917. They include Thomas Andrews Drake, a former National Security Agency (NSA) employee who was critical of the NSA's Trailblazer Project, Stephen Jin-Woo Kim, a State Department contractor who allegedly had a conversation about North Korea with James Rosen of Fox News, and Jeffrey Sterling, who allegedly was a source for James Risen's book State of War. Risen has also been subpoenad to reveal his sources, another rare action by the government.

Foreign policy

In his inaugural address, Obama suggested that he plans to begin the process of withdrawing from Iraq and continuing to focus on the war in Afghanistan. He also mentioned lessening the nuclear threat through "working tirelessly with old friends and former foes". He spoke about America's determination to combat terrorism, proclaiming America's spirit is "stronger and cannot be broken — you cannot outlast us, and we will defeat you." To the Muslim world, Obama extended an invite to "a new way forward, based on mutual interest and mutual respect". He also said the USA would "extend a hand" to those "who cling to power through corruption and deceit" if they "are willing to unclench" their fists. Shortly after his inauguration President Obama first called President Abbas of the Palestinian National Authority (PNA). Calls were also made to President Mubarak of Egypt, Prime Minister Olmert of Israel and King Abdullah of Jordan. Obama and Secretary of State Hillary Clinton named George Mitchell as Special Envoy for Middle East peace and Richard Holbrooke as special representative to Pakistan and Afghanistan on January 23, 2009. At the same time, Obama called on Israel to open the borders of Gaza, detailing early plans on his administration's peace plans for the Israeli-Palestinian conflict. On February 18, 2009, Obama announced that the U.S. military presence in Afghanistan would be bolstered by 17,000 new troops by summer. The announcement followed the recommendation of several experts including Defense Secretary Robert Gates that additional troops be deployed to the war-torn nation.

Obama declared his plan for ending the Iraq War on February 27, 2009, in a speech at Camp Lejeune, North Carolina, before an audience of Marines stationed there. According to the president, combat troops will be withdrawn from Iraq by August 2010, leaving a contingent of up to 50,000 servicemen and servicewomen to continue training, advisory, and counterterrorism operations until as late as the end of 2011.

Other characteristics of the Obama administration on foreign policy include a tough stance on tax havens, continuing military operation in Pakistan, and avowed focus on diplomacy to prevent nuclear proliferation in Iran and North Korea.

On April 1, 2009, Obama and China's President, Hu Jintao, announced the establishment of the U.S.-China Strategic and Economic Dialogue and agreed to work together to build a positive, cooperative, and comprehensive U.S.-China relationship for the 21st century.

In that same month, Obama requested that Congress approve $83.4 billion of supplemental military funding, mostly for the war in Iraq and to increase troop levels in Afghanistan. The request also includes $2.2 billion to increase the size of the US military, $350 million to upgrade security along the US-Mexico border, and $400 million in counterinsurgency aid for Pakistan.

In May 2009, it was reported that Obama plans to expand the military by 20,000 employees.

On June 4, 2009, Obama delivered a speech at Cairo University in Egypt. The wide ranging speech called for a "new beginning" in relations between the Islamic world and the United States. The speech received both praise and criticism from leaders in the region. In March 2010, Secretary of State Clinton criticized the Israeli government for approving expansion of settlements in East Jerusalem.

On April 8, 2010, President Obama and Russian President Dmitry Medvedev signed the latest Strategic Arms Reduction Treaty (START), a "major" nuclear arms control agreement that reduces the nuclear weapons stockpiles of both countries.

In March 2011, international reaction to Muammar Gaddafi's military crackdown on rebel forces and civilians in Libya culminated in a United Nations resolution to enforce a no fly zone in Libya. Obama authorized U.S. forces to participate in international air attacks on Libyan air defenses using Tomahawk cruise missiles to establish the protective zone.

Guantánamo Bay detention camp

On his first day in office, Obama requested a 120-day suspension of all trials for alleged terrorists held at the Guantánamo Bay detention camp, so the new administration could "review the military commissions process, generally, and the cases pending before military commissions , specifically". Another order established a task force to lead a review of detention policies, procedures and individual cases. Obama addressed the State Department that "the United States will not torture" and drafted an executive order to close Guantánamo within a year. On January 22, 2009, Obama signed an executive order ensuring safe, lawful, and humane treatment of individuals detained in armed conflicts. This order restricts interrogators to methods listed and authorized by an Army Field Manual. A detainee released since Obama took office claimed in an interview with Agence France-Presse that conditions at Guantánamo had worsened, stating guards wanted to "take their last revenge" before the facility is closed. On March 13, 2009, the administration announced that it would no longer refer to prisoners at Guantánamo Bay as enemy combatants, but it also asserted that the president has the authority to detain terrorism suspects there without criminal charges.

The case review of detainee files by administration officials and prosecutors was made more difficult than expected as the Bush administration had failed to establish a coherent repository of the evidence and intelligence on each prisoner. By September 2009 prosecutors recommended to the Justice Department which detainees are eligible for trial, and the Justice Department and the Pentagon worked together to determine which of several now-scheduled trials will go forward in military tribunals and which in civilian courts. While 216 international terrorists are already held in maximum security prisons in the U.S., Congress was denying the administration funds to shut down the camp and adapt existing facilities elsewhere, arguing that the decision was "too dangerous to rush". In November, Obama stated that the U.S. would miss the January 2010 date for closing the Guantánamo Bay prison as he had ordered, acknowledging that he "knew this was going to be hard". Obama did not set a specific new deadline for closing the camp, citing that the delay was due to politics and lack of congressional cooperation. The state of Illinois has offered to sell to the federal government the Thomson Correctional Center, a new but largely unused prison, for the purpose of housing detainees. Federal officials testified at a December 23 hearing that if the state commission approves the sale for that purpose, it could take more than six months to ready the facility.

Killing of Osama bin Laden

Starting with information received in July 2010, intelligence developed by the CIA over the next several months determined what they believed to be the location of Osama bin Laden in a large compound in Abbottabad, Pakistan, a suburban area 35 miles from Islamabad. CIA head Leon Panetta reported this intelligence to President Obama in March 2011. Meeting with his national security advisers over the course of the next six weeks, Obama rejected a plan to bomb the compound, and authorized a "surgical raid" to be conducted by United States Navy SEALs. The operation took place on May 1, 2011, resulting in the death of bin Laden and the seizure of papers and computer drives and disks from the compound. Bin Laden's body was identified through DNA testing, and buried at sea several hours later. Within minutes of the President's announcement from Washington, DC, late in the evening on May 1, there were spontaneous celebrations around the country as crowds gathered outside the White House, and at New York City's Ground Zero and Times Square. Reaction to the announcement was positive across party lines, including from predecessors George W. Bush and Bill Clinton, and from many countries around the world.

Overseas Contingency Operation

President Obama discontinued use of the term "War on Terror" and instead uses the term "Overseas Contingency Operation". However, Obama has stated that the U.S. is at war with Al-Qaeda saying "Our nation is at war, against a far-reaching network of violence and hatred."

In April 2010, the Obama administration took the extraordinary step of authorizing the targeted killing of an American citizen, the radical Muslim cleric Anwar al-Awlaki, who was believed to have shifted from encouraging attacks on the United States to directly participating in them.

Gun control

During the presidential campaign, Obama announced that he favors measures that respect Second Amendment rights, while at the same time keeping guns away from children and criminals. On February 25, 2009, Attorney General Eric Holder announced that the Obama administration would seek a new assault weapons ban across the United States, claiming that it would have a positive impact on the drug-related violence in Mexico. After the statement drew criticism from the NRA and some House Democrats, the Administration reportedly ordered the Justice Department to end public discussion of the issue. Obama has signed into law two bills containing amendments reducing restrictions on gun owners, one which permits guns to be transported in checked baggage on Amtrak trains and another which allows carrying loaded firearms in national parks located in states allowing concealed carry.

Science and technology

Cybersecurity

Obama initiated a 60-day review of cybersecurity by Melissa Hathaway, a consultant for Booz Allen Hamilton, appointed Acting Senior Director for Cyberspace.

The New York Times reported in 2009 that the NSA is intercepting communications of American citizens including a Congressman, although the Justice Department believed that the NSA had corrected its errors. United States Attorney General Eric Holder resumed the wiretapping according to his understanding of the Foreign Intelligence Surveillance Act of 1978 Amendments Act of 2008 which Congress passed in July 2008 but without explaining what had occurred.

Environment

On January 27, 2009, Obama issued two presidential memoranda concerning energy policy. One directed the Department of Transportation to raise fuel efficiency standards incrementally to by 2020, and the other directed the Environmental Protection Agency to allow individual states to set stricter tailpipe emissions regulations than the federal standard.

The American Recovery and Reinvestment Act of 2009 provides $54 billion in funds to double domestic renewable energy production, renovate federal buildings making them more energy-efficient, improve the nation's electricity grid, repair public housing, and weatherize modest-income homes.

On February 10, 2009, Obama overturned a Bush administration policy that had opened up a five-year period of offshore drilling for oil and gas near both the Atlantic and Pacific coasts. Interior Secretary Ken Salazar has been quoted as saying, "To establish an orderly process that allows us to make wise decisions based on sound information, we need to set aside" the plan "and create our own timeline".

On May 19, 2009, Obama announced a plan to increase the CAFE national standards for gasoline mileage, by creating a single new national standard that will create a car and light truck fleet in the United States that is almost 40 percent cleaner and more fuel-efficient by 2016 than it is today, with an average of 35.5 miles per gallon. Environmental advocates and industry officials welcomed the new program, but for different reasons. Environmentalists called it a long-overdue tightening of emissions and fuel economy standards after decades of government delay and industry opposition. Auto industry officials said it would provide the single national efficiency standard they have long desired, a reasonable timetable to meet it and the certainty they need to proceed with product development plans.

On March 30, 2010, Obama partially reinstated Bush administration proposals to open certain offshore areas along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling. The proposals had earlier been set aside by President Obama after they were challenged in court on environmental grounds.

On May 27, 2010, Obama extended a moratorium on offshore drilling permits after the April 20, 2010 Deepwater Horizon oil spill which is considered to be the worst oil spill in U.S. history. Although BP took responsibility for the disaster and its ongoing after effects, Obama began a federal investigation along with forming a bipartisan commission to review the incident and methods to avoid it in the future. Obama visited the Gulf Coast on May 2 and May 28 and expressed his frustration on the June 8 NBC Today Show, by saying "I don't sit around just talking to experts because this is a college seminar. We talk to these folks because they potentially have the best answers, so I know whose ass to kick." Obama's response to the disaster has drawn confusion and criticism within segments of the media and public.

NASA

Obama set up the Augustine panel to review the Constellation program in 2009, and announced in February 2010 that he was cutting the program from the 2011 United States federal budget, describing it as "over budget, behind schedule, and lacking in innovation." After the decision drew criticism in the United States, a new "Flexible path to Mars" plan was unveiled at a space conference in April 2010. It included new technology programs, increased R&D; spending, a focus on the International Space Station and contracting out flying crew to space to commercial providers. The new plan also increased NASA's 2011 budget to $19 billion from $18.3 billion in 2010.

In July 2009, Obama appointed Charles Bolden, a former astronaut, to be administrator of NASA.

Stem cell research

On March 9, 2009, Obama repealed a Bush-era policy that prevented federal tax dollars from being used to fund research on new lines of embryonic stem cells. Such research has been a matter of debate between those who emphasize the therapeutic potential of such research and those who suggest that elements of this research breach ethical limitations. Obama stated that "In recent years, when it comes to stem cell research, rather than furthering discovery, our government has forced what I believe is a false choice between sound science and moral values...In this case, I believe the two are not inconsistent. As a person of faith, I believe we are called to care for each other and work to ease human suffering. I believe we have been given the capacity and will to pursue this research — and the humanity and conscience to do so responsibly."

Social policy

On January 23, 2009, Obama rescinded the Mexico City Policy, a measure from the Reagan and Bush eras that required any non-governmental organization receiving U.S. Government funding to refrain from performing or promoting abortion services in other countries.

On June 17, 2009, Obama authorized the extension of some benefits (but not health insurance or pension benefits) to same-sex partners of federal employees. Obama has chosen to leave larger changes, such as the repeal of Don't ask, don't tell and the Defense of Marriage Act, to Congress.

On October 19, 2009, the U.S. Department of Justice issued a directive to federal prosecutors in states with medical marijuana laws not to investigate or prosecute cases of marijuana use or production done in compliance with those laws.

On December 16, 2009, President Obama signed the Consolidated Appropriations Act, 2010, which repealed a 21-year-old ban on federal funding of needle exchange programs.

On December 22, 2010, Obama signed the Don't Ask, Don't Tell Repeal Act of 2010, a bill that provides for repeal of the Don't ask, don't tell policy of 1993 that has prevented gay and lesbian people from serving openly in the United States Armed Forces. Repealing "Don't ask, don't tell" had been a key campaign promise that Obama had made during the 2008 presidential campaign.

Health care reform

Once the stimulus bill was enacted, health care reform became Obama's top domestic priority. On July 14, 2009, House Democratic leaders introduced a 1,000 page plan for overhauling the US health care system, which Obama wanted Congress to approve by the end of the year.

The U.S. Congressional Budget Office (CBO) estimated the ten-year cost to the federal government of the major insurance-related provisions of the bill at approximately $1.0 trillion. In mid-July 2009, Douglas Elmendorf, director of the CBO, testified that the proposals under consideration would significantly increase federal spending and did not include the "fundamental changes" needed to control the rapid growth in health care spending. However after reviewing the final version of the bill introduced after 14 months of debate the CBO estimated that it would reduce federal budget deficits by $143 billion over 10 years and by more than a trillion in the next decade.

After much public debate during the Congressional summer recess of 2009, Obama delivered a speech to a joint session of Congress on September 9 where he addressed concerns over his administration's proposals. In March 2010, Obama gave several speeches across the country to argue for the passage of health care reform. On March 21, 2010, after Obama announced an executive order reinforcing the current law against spending federal funds for elective abortion services, the House, by a vote of 219 to 212, passed the version of the bill previously passed on December 24, 2009 by a 60-vote supermajority in the Senate. The bill, which includes over 200 Republican amendments, was passed without a single Republican vote. On March 23, 2010, President Obama signed the bill into law. Immediately following the bill's passage, the House voted in favor of a reconciliation measure to make significant changes and corrections to the Patient Protection and Affordable Care Act, which was passed by both houses with two minor alterations on March 25, 2010 and signed into law on March 30, 2010.

Education reform

On March 30, 2010, President Obama signed the Health Care and Education Reconciliation Act of 2010, which ended the role of private banks in lending out federally-insured student loans. By directly lending to students, the government is projected to save taxpayers $68 billion dollars over the next several years. Federally-insured student loans will instead be distributed by the Department of Education. The law also increased the amount of Pell Grant awards given each year, doubling its current funding. Starting in 2014, the law permits borrowers to cap the amount they spend on student loans each year to 10% of their discretionary income and have their balance forgiven if they have faithfully paid the balance of their loan over 20 years. Additionally, the law seeks to make it easier for parents to qualify for Grad PLUS loans, and spends billions on poor and minority schools and $2 billion for community colleges.

Gates arrest controversy

On July 16, 2009, prominent African American Harvard University professor Henry Louis Gates, Jr., was arrested at his Cambridge, Massachusetts home by a local white police officer, Cambridge Police Sgt. James Crowley, for disorderly conduct. Gates, who was locked out of his house, had noisily attempted to break into his own property, thus causing the initial alarm from a neighbor who called 911. The incident sparked national controversy over whether Gates's civil rights had been violated by Crowley. On July 21, the Cambridge Police Department dropped charges against Gates. On July 22, President Barack Obama, commented on the incident over national and international television, criticized the arrest, and stated the police acted "stupidly" handling the incident. National law enforcement organizations and members objected to Obama's comments and criticized his handling of the issue. In the aftermath, Obama stated that he regretted his comments exacerbating the situation, and hoped that the situation could become a "teachable moment". To reduce tensions, on July 24, Obama invited both parties to the White House to discuss the issue over beers, and on July 30, Obama and Vice President Joe Biden joined Crowley and Gates in a private, cordial meeting in a courtyard near the White House Rose Garden; this became known colloquially as the "Beer Summit".

Wall Street reform

On July 21, 2010 President Obama signed Dodd–Frank Wall Street Reform and Consumer Protection Act, considered to be the largest financial system overhaul since the New Deal. The law recognizes complex financial derivatives and makes rules to protect consumers from unfair practices in loans and credit cards by establishing a new consumer protection agency. At the signing ceremony in the Ronald Reagan Building in Washington D.C. Obama proclaimed, "There will be no more taxpayer-funded bailouts. Period." Obama also mentioned that "These reforms represent the strongest consumer financial protections in history." At the ceremony were Sen. Christopher Dodd, D-Conn., and Rep. Barney Frank, D-Mass., the two committee chairmen who sponsored the bill.

2010 midterm elections

Due in large part to voter frustration over high unemployment and a stalled economy, Republicans won control of the House in the 2010 midterm elections. On reflection after the election, Obama blamed himself, in part, for the many Democrats who went down to defeat knowing that they had risked their careers to support his agenda of economic stimulus legislation and a landmark health care bill. Democrats narrowly retained the Senate majority and will continue to control it through the 112th Congress.

Obama called the elections "humbling" and a "shellacking". He said that the results came because not enough Americans had felt the effects of the economic recovery.

2012 re-election campaign

On April 4, 2011, President Obama announced that he would seek re-election in the 2012 presidential election. The campaign will be based in Chicago and is being run by many former members of the White House staff and members of the successful 2008 campaign.

References

External links

"President Obama's People" (photography: Nadav Kander)

The Official White House YouTube page

Full transcript and video of President Obama's inaugural address

Full Video of The American Recovery and Reinvestment Act of 2009 signing ceremony on February 17, 2009 (from C-SPAN)

Official Video of Open For Questions Online Town Hall on March 26, 2009 from (WhiteHouse.gov)

Full Video of President Obama's first State of the Union Address (from C-SPAN)

Full video of President Obama's second State of the Union Address (from C-SPAN)

Obama, Barack

cs:Vláda Baracka Obamy es:Administración Obama fr:Présidence de Barack Obama ko:버락 오바마 행정부 sw:Urais wa Barack Obama no:Barack Obamas regjering ru:Президентство Барака Обамы sv:Obamas kabinett th:การดำรงตำแหน่งประธานาธิบดีของบารัก โอบามา

name	Bill Gates
birth date	October 28, 1955
birth place	Seattle, Washington, U.S.
birth name	William Henry Gates III
occupation	Chairman of MicrosoftChairman of CorbisCo-Chair of the Bill & Melinda Gates FoundationDirector of Berkshire HathawayCEO of Cascade Investment
years active	1975–present
nationality	American
net worth	US$56 billion (2011)
religion	Agnostic
spouse
children	3
residence	Medina, Washington, U.S.
alma mater	Harvard University (Dropout)
website	Bill Gates
signature	BillGates Signature.svg
parents	William H. Gates, Sr.Mary Maxwell Gates }}

William Henry "Bill" Gates III (born October 28, 1955) is an American business magnate, philanthropist, author and chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world's wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with more than 8 percent of the common stock. He has also authored or co-authored several books.

Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a number of industry insiders criticize his business tactics, which they consider anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates' last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.

Early life

Gates was born in Seattle, Washington, to William H. Gates, Sr. and Mary Maxwell Gates, of English, German, and Scotch-Irish descent. His family was upper middle class; his father was a prominent lawyer, his mother served on the board of directors for First Interstate BancSystem and the United Way, and her father, J. W. Maxwell, was a national bank president. Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had the "II" suffix. Early on in his life, Gates' parents had a law career in mind for him. When Gates was young, his family regularly attended a Congregational church.

At 13 he enrolled in the Lakeside School, an exclusive preparatory school. When he was in the eighth grade, the Mothers Club at the school used proceeds from Lakeside School's rummage sale to buy an Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school's students. Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, "There was just something neat about the machine." After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned four Lakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.

At the end of the ban, the four students offered to find bugs in CCC's software in exchange for computer time. Rather than use the system via Teletype, Gates went to CCC's offices and studied source code for various programs that ran on the system, including programs in FORTRAN, LISP, and machine language. The arrangement with CCC continued until 1970, when the company went out of business. The following year, Information Sciences, Inc. hired the four Lakeside students to write a payroll program in COBOL, providing them computer time and royalties. After his administrators became aware of his programming abilities, Gates wrote the school's computer program to schedule students in classes. He modified the code so that he was placed in classes with mostly female students. He later stated that "it was hard to tear myself away from a machine at which I could so unambiguously demonstrate success." At age 17, Gates formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor. In early 1973, Bill Gates served as a congressional page in the U.S. House of Representatives.

Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the SAT and enrolled at Harvard College in the autumn of 1973. While at Harvard, he met Steve Ballmer, who later succeeded Gates as CEO of Microsoft.

In his sophomore year, Gates devised an algorithm for pancake sorting as a solution to one of a series of unsolved problems presented in a combinatorics class by Harry Lewis, one of his professors. Gates' solution held the record as the fastest version for over thirty years; its successor is faster by only one percent. His solution was later formalized in a published paper in collaboration with Harvard computer scientist Christos Papadimitriou.

Gates did not have a definite study plan while a student at Harvard and spent a lot of time using the school's computers. Gates remained in contact with Paul Allen, joining him at Honeywell during the summer of 1974. The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company. He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start a company.

Microsoft

BASIC

After reading the January 1975 issue of Popular Electronics that demonstrated the Altair 8800, Gates contacted Micro Instrumentation and Telemetry Systems (MITS), the creators of the new microcomputer, to inform them that he and others were working on a BASIC interpreter for the platform. In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest. MITS president Ed Roberts agreed to meet them for a demo, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration, held at MITS's offices in Albuquerque, was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Paul Allen was hired into MITS, and Gates took a leave of absence from Harvard to work with Allen at MITS in Albuquerque in November 1975. They named their partnership "Micro-Soft" and had their first office located in Albuquerque. Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered with the Office of the Secretary of the State of New Mexico. Gates never returned to Harvard to complete his studies.

Microsoft's BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked into the community and was being widely copied and distributed. In February 1976, Gates wrote an Open Letter to Hobbyists in the MITS newsletter saying that MITS could not continue to produce, distribute, and maintain high-quality software without payment. This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems. The company moved from Albuquerque to its new home in Bellevue, Washington on January 1, 1979.

During Microsoft's early years, all employees had broad responsibility for the company's business. Gates oversaw the business details, but continued to write code as well. In the first five years, Gates personally reviewed every line of code the company shipped, and often rewrote parts of it as he saw fit.

IBM partnership

In 1980, IBM approached Microsoft to write the BASIC interpreter for its upcoming personal computer, the IBM PC. When IBM's representatives mentioned that they needed an operating system, Gates referred them to Digital Research (DRI), makers of the widely used CP/M operating system. IBM's discussions with Digital Research went poorly, and they did not reach a licensing agreement. IBM representative Jack Sams mentioned the licensing difficulties during a subsequent meeting with Gates and told him to get an acceptable operating system. A few weeks later Gates proposed using 86-DOS (QDOS), an operating system similar to CP/M that Tim Paterson of Seattle Computer Products (SCP) had made for hardware similar to the PC. Microsoft made a deal with SCP to become the exclusive licensing agent, and later the full owner, of 86-DOS. After adapting the operating system for the PC, Microsoft delivered it to IBM as PC-DOS in exchange for a one-time fee of $50,000. Gates did not offer to transfer the copyright on the operating system, because he believed that other hardware vendors would clone IBM's system. They did, and the sales of MS-DOS made Microsoft a major player in the industry.

Gates oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates President of Microsoft and the Chairman of the Board.

Windows

Microsoft launched its first retail version of Microsoft Windows on November 20, 1985, and in August, the company struck a deal with IBM to develop a separate operating system called OS/2. Although the two companies successfully developed the first version of the new system, mounting creative differences undermined the partnership. Gates distributed an internal memo on May 16, 1991, announcing that the OS/2 partnership was over and Microsoft would shift its efforts to the Windows NT kernel development.

Management style

From Microsoft's founding in 1975 until 2006, Gates had primary responsibility for the company's product strategy. He aggressively broadened the company's range of products, and wherever Microsoft achieved a dominant position he vigorously defended it. He gained a reputation for being distant to others; as early as 1981 an industry executive complained in public that "Gates is notorious for not being reachable by phone and for not returning phone calls."

As an executive, Gates met regularly with Microsoft's senior managers and program managers. Firsthand accounts of these meetings describe him as verbally combative, berating managers for perceived holes in their business strategies or proposals that placed the company's long-term interests at risk. He often interrupted presentations with such comments as, "That's the stupidest thing I've ever heard!" and, "Why don't you just give up your options and join the Peace Corps?" The target of his outburst then had to defend the proposal in detail until, hopefully, Gates was fully convinced. When subordinates appeared to be procrastinating, he was known to remark sarcastically, "I'll do it over the weekend."

Gates' role at Microsoft for most of its history was primarily a management and executive role. However, he was an active software developer in the early years, particularly on the company's programming language products. He has not officially been on a development team since working on the TRS-80 Model 100, but wrote code as late as 1989 that shipped in the company's products. On June 15, 2006, Gates announced that he would transition out of his day-to-day role over the next two years to dedicate more time to philanthropy. He divided his responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.

Antitrust litigation

Many decisions that led to antitrust litigation over Microsoft's business practices have had Gates' approval. In the 1998 United States v. Microsoft case, Gates gave deposition testimony that several journalists characterized as evasive. He argued with examiner David Boies over the contextual meaning of words like "compete", "concerned" and "we". BusinessWeek reported:

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Gates later said he had simply resisted attempts by Boies to mischaracterize his words and actions. As to his demeanor during the deposition, he said, "Did I fence with Boies? ... I plead guilty. Whatever that penalty is should be levied against me: rudeness to Boies in the first degree." Despite Gates's denials, the judge ruled that Microsoft had committed monopolization and tying, and blocking competition, both in violation of the Sherman Antitrust Act.

Appearance in ads

Gates appeared in a series of ads to promote Microsoft in 2008. The first commercial, co-starring Jerry Seinfeld, is a 90-second talk between strangers as Seinfeld walks up on a discount shoe store (Shoe Circus) in a mall and notices Gates buying shoes inside. The salesman is trying to sell Mr. Gates shoes that are a size too big. As Gates is buying the shoes, he holds up his discount card, which uses a slightly altered version of his own mugshot of his arrest in New Mexico in 1977 for a traffic violation. As they are walking out of the mall, Seinfeld asks Gates if he has melded his mind to other developers, after getting a yes, he then asks if they are working on a way to make computers edible, again getting a yes. Some say that this is an homage to Seinfeld's own show about "nothing" (Seinfeld). In a second commercial in the series, Gates and Seinfeld are at the home of an average family trying to fit in with normal people.

Post-Microsoft

Since leaving Microsoft, Gates continues his philanthropy and, among other projects, purchased the video rights to the Messenger Lectures series called The Character of Physical Law, given at Cornell University by Richard Feynman in 1964 and recorded by the BBC. The videos are available online to the public at Microsoft's Project Tuva.

In April 2010, Gates was invited to visit and speak at the Massachusetts Institute of Technology where he asked the students to take on the hard problems of the world in their futures.

Personal life

Gates married Melinda French on January 1, 1994. They have three children: daughter Jennifer Katharine Gates (born 1996), son Rory John Gates (born 1999), and daughter Phoebe Adele Gates (born 2002). The Gates's home is an earth-sheltered house in the side of a hill overlooking Lake Washington in Medina. According to King County public records, as of 2006 the total assessed value of the property (land and house) is $125 million, and the annual property tax is $991,000.

His estate has a swimming pool with an underwater music system, as well as a gym and a dining room.

Also among Gates' private acquisitions is the Codex Leicester, a collection of writings by Leonardo da Vinci, which Gates bought for $30.8 million at an auction in 1994. Gates is also known as an avid reader, and the ceiling of his large home library is engraved with a quotation from The Great Gatsby. He also enjoys playing bridge, tennis, and golf.

Gates was number one on the Forbes 400 list from 1993 through to 2007 and number one on Forbes list of The World's Richest People from 1995 to 2007 and 2009. In 1999, Gates's wealth briefly surpassed $101 billion, causing the media to call him a "centibillionaire". Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In a May 2006 interview, Gates commented that he wished that he were not the richest man in the world because he disliked the attention it brought. Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667. He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett. In March 2010 Bill Gates was bumped down to the second wealthiest man behind Carlos Slim.

Philanthropy

Gates began to appreciate the expectations others had of him when public opinion mounted suggesting that he could give more of his wealth to charity. Gates studied the work of Andrew Carnegie and John D. Rockefeller, and in 1994 sold some of his Microsoft stock to create the William H. Gates Foundation. In 2000, Gates and his wife combined three family foundations into one to create the charitable Bill & Melinda Gates Foundation, which is the largest transparently operated charitable foundation in the world. The foundation allows benefactors access to information regarding how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust. The generosity and extensive philanthropy of David Rockefeller has been credited as a major influence. Gates and his father met with Rockefeller several times, and modeled their giving in part on the Rockefeller family's philanthropic focus, namely those global problems that are ignored by governments and other organizations. As of 2007, Bill and Melinda Gates were the second-most generous philanthropists in America, having given over $28 billion to charity.

The foundation was at the same time criticized because it invests assets that it has not yet distributed with the exclusive goal of maximizing return on investment. As a result, its investments include companies that have been charged with worsening poverty in the same developing countries where the Foundation is attempting to relieve poverty. These include companies that pollute heavily, and pharmaceutical companies that do not sell into the developing world. In response to press criticism, the foundation announced in 2007 a review of its investments, to assess social responsibility. It subsequently canceled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices.

Gates's wife urged people to learn a lesson from the philanthropic efforts of the Salwen family, which had sold its home and given away half of its value, as detailed in The Power of Half. Gates and his wife invited Joan Salwen to Seattle to speak about what the family had done, and on December 9, 2010, Gates, investor Warren Buffett, and Mark Zuckerberg (Facebook's CEO) signed a promise they called the "Gates-Buffet Giving Pledge", in which they promised to donate to charity at least half of their wealth over the course of time.

Recognition

In 1987, Gates was officially declared a billionaire in the pages of Forbes' 400 Richest People in America issue, just days before his 32nd birthday. As the world's youngest self-made billionaire, he was worth $1.25 billion, over $900 million more than he'd been worth the year before, when he'd debuted on the list.

Time magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. Time also collectively named Gates, his wife Melinda and U2's lead singer Bono as the 2005 Persons of the Year for their humanitarian efforts. In 2006, he was voted eighth in the list of "Heroes of our time". Gates was listed in the Sunday Times power list in 1999, named CEO of the year by Chief Executive Officers magazine in 1994, ranked number one in the "Top 50 Cyber Elite" by Time in 1998, ranked number two in the Upside Elite 100 in 1999 and was included in The Guardian as one of the "Top 100 influential people in media" in 2001.

In 1994, he was honoured as the twentieth Distinguished Fellow of the British Computer Society. Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands, in 2000; the Royal Institute of Technology, Stockholm, Sweden, in 2002; Waseda University, Tokyo, Japan, in 2005; Tsinghua University, Beijing, China, in April 2007; Harvard University in June 2007; the Karolinska Institutet, Stockholm, in January 2008, and Cambridge University in June 2009. He was also made an honorary trustee of Peking University in 2007. Gates was also made an honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II in 2005, in addition to having entomologists name the Bill Gates flower fly, Eristalis gatesi, in his honor.

In November 2006, he and his wife were awarded the Order of the Aztec Eagle for their philanthropic work around the world in the areas of health and education, particularly in Mexico, and specifically in the program "Un país de lectores". In October 2009, it was announced that Gates will be awarded the 2010 Bower Award for Business Leadership of The Franklin Institute for his achievements in business and for his philanthropic work. In 2010 he was honored with the Silver Buffalo Award by the Boy Scouts of America, its highest award for adults, for his service to youth.

Investments

Cascade Investments LLC, a private investment and holding company, incorporated in United States, is controlled by Bill Gates, and is headquartered in the city of Kirkland, Washington.

bgC3, a new think-tank company founded by Bill Gates.

Corbis, a digital image licensing and rights services company.

TerraPower, a nuclear reactor design company.

Bibliography

Gates has authored two books:

The Road Ahead (1995)

Business @ the Speed of Thought (1999)

Filmography

Gates has appeared in at least one film: Waiting For Superman

See also

List of billionaires (also see List of college dropout billionaires and List of wealthiest non-inflated historical figures)

Paul Allen – Microsoft's co-founder, friend, and fellow billionaire

Books

References

Further reading

"The Meaning of Bill Gates: As his reign at Microsoft comes to an end, so does the era he dominated", The Economist, June 28, 2008.

External links

The Gates Notes official site

Bill & Melinda Gates Foundation

Profile at Microsoft

Profile at Forbes

How I Work: Bill Gates, Fortune, March 30, 2006

Category:1955 births Category:American billionaires Category:American computer businesspeople Category:American chief executives Category:American computer programmers Category:American philanthropists Category:American technology writers Category:Bill & Melinda Gates Foundation people Category:Businesspeople in software Category:Harvard University people Category:Honorary Knights Commander of the Order of the British Empire Category:Members of the United States National Academy of Engineering Category:Microsoft employees Category:History of Microsoft Category:National Medal of Technology recipients Category:Living people Category:People from Seattle, Washington Category:People from King County, Washington Category:Windows people Category:Fellows of the British Computer Society Category:American people of Scottish descent

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