kyiv—The Ukrainian leader has secured $1 billion in new US military aid, including Stinger anti-aircraft missiles used against Soviet forces in Afghanistan. President Volodymyr Zelensky has said Russia is building a new Cold War wall across Europe “between freedom and servitude”, after his government accused invading forces of bombing a …
Read More »Canadian judge issues order to stop protesters from blocking US border bridge
Reuters / 07:29 Feb 12, 2022 People erect a tent as truck drivers and supporters continue to block access to the Ambassador Bridge, which connects Detroit and Windsor, to protest coronavirus disease (COVID-19) vaccination mandates, in Windsor , Ontario, Canada February 10, 2022. REUTERS/ Carlos Osori WINDSOR, Ontario – A …
Read More »States get green light to build electric car charging stations, Auto News, ET Auto
Biden has also set a goal of 50% electric vehicle sales by 2030, as part of a broader effort to achieve a zero-emissions economy by 2050. WASHINGTON: States get green light to build nationwide network of electric vehicle charging stations that would place new or upgraded ones every 80 kilometers …
Read More »US House China competition bill to pass this week
The Chinese and American flags are printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 2 (Reuters) – The U.S. House of Representatives on Wednesday introduced a multibillion-dollar bill aimed at increasing U.S. competitiveness with China …
Read More »Race and finance: the student loan trap
This is the second in a series of articles on race and the financial system. When American civil rights activists of the last century took to the streets, they dreamed of a day when black Americans had the same educational opportunities as everyone else in the country. Sabrina Cannon lived …
Read More »Antony Blinken Warns China Against “Aggressive Actions” in Asia-Pacific | American foreign policy
US Secretary of State Antony Blinken used a visit to the Indo-Pacific to urge China to stop its “aggressive actions” in the region, as Washington seeks to strengthen its alliances against Beijing. President Joe Biden’s administration is trying to restore relations and reaffirm its influence in Asia after the turmoil …
Read More »Federal judge blocks vaccine mandate for COVID-19 contractor, grants AG request
Kentucky Attorney General Daniel Cameron Silas walker [email protected] A Kentucky federal judge issued a preliminary injunction on Tuesday effectively blocking the implementation of President Joe Biden’s COVID-19 vaccine mandate for federal government contractors and subcontractors. U.S. District Judge Gregory F. Van Tatenhove, who serves the Eastern District of Kentucky, issued …
Read More »Federal Electric Car Tax Credits In 2021 Can Save You Thousands
Climate change and electric vehicles: how will future cars stem global warming? Electric vehicles have become a fashionable trend. But how much better for the environment than standard gasoline or diesel cars? Just the FAQ, USA TODAY Car buying is going downhill right now. Chip shortages have led to a …
Read More »EU, US face tough road to tackle China’s dirty steel – POLITICO
Press play to listen to this article The EU and the US want to ally against China’s coal-fired blast furnaces in a green steel alliance – but no one knows how that will happen. The united front proposal against Beijing was a keystone of the steel tariff truce concluded between …
Read More »Arkansas group recommends $ 124.7 million in rural broadband grants
A state panel on Wednesday approved the state Department of Commerce’s request for an additional $ 124.7 million in US bailout federal funds to provide broadband subsidies to rural communities. With a few audible dissenting voices, the 15-member Arkansas US bailout steering committee voted to recommend approval of the request. …
Read More »US, Japan, Taiwan Semiconductor Cooperation Accelerates: DONG-A ILBO
Japan has passed a bill providing for subsidies for the construction of semiconductor factories in an attempt to position itself as a semiconductor hub by hosting global companies. Previously, TSMC of Taiwan, the world’s No.1 foundry, and Micron Technology of the United States had decided to build new factories and …
Read More »Government pledges to expand electric vehicle charging stations, but no subsidy to increase use
The federal government will partner with the private sector to fund 50,000 charging stations in Australian homes, with the aim of encouraging more people to buy electric vehicles. Key points: The strategy does not include subsidies or tax incentives to increase the use of electric vehicles The increase in funding …
Read More »Adoption of Biden’s plan to tackle infrastructure crisis creates challenges and opportunities
US President Joe Biden delivers remarks on the passage of the bipartite agreement on infrastructure and … [+] rule that will allow passage of the Build Back Better Act under the gaze of U.S. Vice President Kamala Harris in the State Dining Room of the White House in Washington, DC …
Read More »A call center helps Americans access Obamacare. They find it difficult to pay for their own insurance.
It was, in the words of an hapless Mississippi call center employee, “a tough pill to swallow.” Every day, Lanycha Hall, who works for federal contractor Maximus at its Hattiesburg facility, helps people enroll in the Affordable Care Act health insurance plans. But Hall said she couldn’t afford her own …
Read More »There’s no such thing as a free lunch, but Biden says a free community college?
Free Community College of President Joe Biden and Vice President Kamala Harris plan will increase costs for both students and taxpayers. Fortunately, the The Biden-Harris Promise free community college seems less likely to feature in the final version of the Rebuild Better Act, the $ 3.5 trillion tax and spending …
Read More »Exacerbated by pandemic, child care crisis hampers economy | Washington News
By SALLY HO and JOSH BOAK, Associated Press SEATTLE (AP) – After Bryan Kang’s son was born in July, the occupational therapist and his wife, a teacher, began looking for child care in the Los Angeles area. The couple called eight daycares: some had not had space for months; others …
Read More »China’s Liu and US Treasury’s Yellen Hold “Frank” Appeal on Trade
Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen had a phone call on Tuesday to discuss trade issues, with the two sides highlighting concerns in their relationship as they attempt to chart a new course after the upheaval of the Donald Trump era. During a video call, …
Read More »Oil, coal and gas received $ 5.9 trillion in subsidies in 2020 – IMF report
Joe Manchin persists in spending $ 3.5 trillion over 10 years for Joe Biden’s Build Back Better plan. “We can’t afford it! he cries, cashing the check for $ 500,000 that he receives each year from the coal industry. But as he slaps his chest and proclaims his piety, he …
Read More »Nuclear supporters rally around tax credit as Congress grapples with Biden agenda
The Public Service Enterprise Group’s Hope Creek facility in New Jersey is one of many U.S. nuclear power plants to receive state-issued zero-emission credits as Congress considers federal tax incentives for existing nuclear power plants.Source: Public Service Enterprise Group Inc. The US nuclear power industry is pushing for a proposed …
Read More »Arkansas community groups selected for $ 5.2 million federal Covid-19 relief for after-school and summer youth programs
Forty-four of Arkansas’ after-school, summer and extended-year learning programs are new grant recipients totaling $ 5.2 million to help students catch up on the academic learning missed due to the covid-19 pandemic. The Arkansas Division of Elementary and Secondary Education and the Arkansas State University Out-of-School Network Initiative recently announced …
Read More »Gas crisis hits government bond markets as energy prices soar
European natural gas prices hit all-time highs on Tuesday, dragging bond markets down, particularly in the UK, a sign that investors expect more economic damage. European gas contracts for November delivery jumped 23% to € 117.50 per megawatt hour, down from just € 18 six months ago due to the …
Read More »Meng Wanzhou’s freedom inspires overhaul of US state capitalism
Meng Wanzhou, Chief Financial Officer of Huawei, reads a statement before the Supreme Court of British Columbia in Vancouver, Canada, September 24, 2021. / VCG Meng Wanzhou, Chief Financial Officer of Huawei, reads a statement before the Supreme Court of British Columbia in Vancouver, Canada, September 24, 2021. / VCG …
Read More »Your wallet is on the line: Washington must succeed this week
Prepare for a week of wide-eyed politics and process. But this DC sausage-making has implications for virtually every American family. What’s happening right now is nothing less than a one-time realignment of your kitchen table economy. President Joe Biden and Democrats want a cradle-to-grave remake of the American economy. Investments …
Read More »Electric vehicle subsidies would benefit the rich | EDITORIAL
According to a recent Pew Research Center poll, 39% of Americans say they are “likely to consider” purchasing an electric car as their next vehicle. Will they go all the way? More than a decade after the first Tesla Roadsters were delivered to customers, electric vehicles represent only about 3% …
Read More »Op-Ed: Lawmakers Should Say ‘No’ to Subsidies for Exelon Nuclear Power Plants | Illinois
As federal lawmakers deliberate on President Joe Biden’s $ 1,000 billion plan to strengthen America’s infrastructure, few people may have noticed that the current plan also includes a $ 6 billion line of credit for nuclear power plants. While it can wait until another day to debate whether subsidizing certain …
Read More »Michigan Budget Raises Child Care, Keeps Caregiver Wages Rising | Michigan News
By DAVID EGGERT, Associated Press LANSING, Michigan (AP) – Michigan to make more children eligible for child care subsidies, equip state soldiers with body cameras, and make pandemic wage increases for home workers permanent nursing and other caregivers under the upcoming state budget, ready for initial approval Tuesday. The $ …
Read More »Australia steps up hydrogen funding ahead of climate talks
A worker stands on top of a wind turbine during a routine inspection at Infigen Energy’s wind farm in the hills surrounding Lake George, 50 km north of the Australian capital of Canberra, May 13, 2013. REUTERS / David Gray MELBOURNE, Sept.20 (Reuters) – Australia on Monday announced it would …
Read More »How a submarine deal sparked a major diplomatic crisis | Business and Economy News
Australia’s decision to cancel a multibillion-dollar order for French submarines in favor of American and British technology has sparked an unprecedented diplomatic row between longtime Western allies. The French Foreign Ministry recalled its ambassadors in the United States and Australia citing “duplicity, disdain and lies”. Along with the economic damage …
Read More »Tesla, Ford, GM May Get EV Credits Soon, New U.S. Law Will Offer Big Incentives
Tesla’s demand for lower import duties may have divided the auto industry with divergent views in India, the electric vehicle maker may soon benefit from incentives in its domestic market. U.S. lawmakers have proposed new legislation that will offer nice EV credits for every U.S.-made electric car sold in the …
Read More »Could climate change trigger a financial crisis?
Sep 4, 2021 IN LAST YEARS regulators have begun to warn of the threat climate change poses to the stability of the financial system. Following its strategic review in July, the European Central Bank (BCE) develop a “climate change action plan”. Mark Carney, the former Governor of the Bank of …
Read More »Reality will trump narratives on the road to energy transition
View of the solar panels of Cerro Dominador, the first solar thermal power plant in Latin America, in … [+] Antofagasta, Chile, February 26, 2019. – The Cerro Dominador is the symbol of the ambitious energy transition launched by Chile, which aims to have 100% of its clean energy matrix …
Read More »how to make global emissions peak and fall – and what is stopping us
Every few years, the Intergovernmental Panel on Climate Change (IPCC) – the United Nations body for climate science – produces a major report on the state of the climate crisis. Whichever way you slice it up, the latest IPCC report told the world what it already knows – and added …
Read More »FirstFT: Archegos employees face big losses
Global Updates Sign up for myFT Daily Digest to be the first to hear about world news. Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa or Americas edition to receive it directly to your inbox every morning of the week …
Read More »Federal judge grants temporary stop to Governor Abbott’s Order in Council on transporting migrants
Update at 8:25 p.m.. with a statement from Governor Abbott’s administration: EL PASO – A federal judge on Tuesday granted a temporary injunction against an executive order of Texas Governor Greg Abbott restricting the transport of migrants by individuals and businesses, granting a victory to President Joe Biden’s attempts to …
Read More »Lou Cannon: Healthcare upgrades are becoming the new normal | Opinions
The Affordable Care Act, often referred to as Obamacare, became entrenched in the national safety net after a third U.S. Supreme Court ruling upholding its constitutionality. As a result of the move, President Joe Biden’s administration and various states are looking to upgrade Medicaid, the federal state program that provides …
Read More »Democrats’ budget would fund massive clean energy plan
The Congressional Democrats’ $ 3.5 trillion budget plan would fund a sweeping transition to cleaner energy, but it is expected to meet opposition from parts of the energy industry and their industrial customers over provisions likely to increase their costs. The plan calls for paying cash to utilities that make …
Read More »CA high-speed train: Jim Costa and Alex Padilla hope to raise funds
US Senator Alex Padilla, D-Los Angeles, got a glimpse of the construction progress of the high-speed train project in California on Friday, accompanying Representative Jim Costa on a tour of the new viaduct that spans the San Joaquin River at the Fresno-Madera County line. Padilla, who was nominated to take …
Read More »San Francisco area restaurants receive $ 815 million in federal grants
The $ 2 million landed in Urban Putt’s bank account as Steve Fox, the owner of the beloved mini-golf course and restaurant on South Van Ness Avenue and 22nd Street, was at his house. He can’t jump that high, but he attempted a jump to click his heels in elation. …
Read More »Biden’s New Chinese Doctrine | The Economist
July 17, 2021 OLONG PTIMISTS hoped that China’s welcome into the global economy would make it a “responsible stakeholder” and lead to political reform. As president, Donald Trump called this weak. Today, Joe Biden converts Trumpian exaltation into a doctrine that pits America against China, a struggle between rival political …
Read More »Report: Two-thirds of NYS restaurants that applied for COVID relief grants were turned down
Only 35% of New York State restaurants, bars and caterers that have applied for COVID-19 assistance from the Federal Restaurant Revitalization Fund, according to a new report, will receive grants. Nearly 9,800 restaurant establishments across the state have won a total of $ 3.7 billion from the RRF as of …
Read More »Most student loan borrowers aren’t ready to resume payments, survey finds – here’s what you can do
Most college graduates are not ready to resume federal student loan payments, according to a recent survey. Here are three ways it can be easier after the forbearance ends. (iStock) Federal student loans are abstained until September 30, 2021, and unless President Joe Biden’s administration takes further action, millions of …
Read More »As pandemic eases, businesses push Congress for another bailout
“We are still incredibly vulnerable,” said Sean Kennedy, executive vice president of public affairs for the National Restaurant Association. The lobbying effort is gaining traction, with Republicans signing bills to provide grants to restaurants and gyms even as the GOP balks at President Joe Biden’s multibillion-dollar infrastructure spending plans. Lawmakers …
Read More »‘A new chapter’: US-EU leaders turn the page on dispute over 17-year-old aircraft subsidies (at least for now) | Faegre Drinker Biddle & Reath LLP
Hailed as a “new chapter” in bilateral trade relations between the United States and the European Union (EU), the two sides ad At a US-EU summit in Brussels on Tuesday, an agreement was reached to suspend (for five years) all tariffs resulting from the long-standing transatlantic dispute over aircraft subsidies. …
Read More »‘Obamacare’ survives: US Supreme Court rejects big challenge
WASHINGTON – The Supreme Court, though increasingly conservative in its composition, on Thursday rejected the latest major Republican-led effort to remove the national healthcare law known as ‘Obamacare’, thus preserving insurance coverage for millions of Americans. The judges, by a 7-2 vote, left the entire Affordable Care Act intact by …
Read More »The “green vortex” saves America’s future from climate change
In coinage green vortex, I borrowed from the work of Nina Kelsey, professor of international affairs at George Washington University, who argued that combining financial incentives and technological change in a “green spiral” can lead to decarbonization. “There is so much energy spent trying to convince people of what we …
Read More »The subsidy battle between Airbus and Boeing is far from over
After 17 years, millions of dollars in legal fees and a lot of discontent between Boeing and Airbus, the world’s longest-standing trade dispute is finally over. At least that is how the EU and the United States announced Tuesday the suspension of tariffs on subsidies to the two largest aircraft …
Read More »Global governance reform needs leadership from the developing world
Author: Editorial Board, ANU The G7 is back. A post-Brexit “Global Britain” has ambitions for an international leadership role and has coordinated a call from the Group of Seven advanced economies for global rule reform. The United States has stopped playing spoilers in international meetings. Leadership and cooperation have been …
Read More »CFPB’s new agenda freezes more Trump-era regulatory plans
Law360 (June 11, 2021, 8:52 p.m. EDT) – The Consumer Financial Protection Bureau is reversing Trump-era plans to potentially craft new disclosures for payday loan borrowers and will not use its regulatory authority to fix more limits on what he considers abusive behavior, at least for now. According to its …
Read More »US-EU trade feuds likely to turn soft during summit
Law360 (June 11, 2021, 6:31 p.m. EDT) – President Joe Biden’s week-long stint across Europe will largely focus on resolving a series of bitter trade disputes, but there is still work to be done serious policy that must be done before the allies can reset their trade relationship. Biden is …
Read More »US uses Quad to strengthen critical supply chains
WASHINGTON – The United States will work with the Quadrilateral Security Dialogue countries and the Group of Seven to address supply chain vulnerabilities for semiconductors and other strategic materials, according to a report released Tuesday. US dependence on China for chips and other critical products has raised concerns, especially as …
Read More »Biden administration sets up “strike force” to attack China over trade
By Michael Martina, Trevor Hunnicutt WASHINGTON (Reuters) – The United States will target China with a new “strike force” to tackle unfair trade practices, the Biden administration said on Tuesday, as it unfolded the findings of a review of the American access to critical products, from semiconductors to electricity – …
Read More »Moorhead executives call on Representative Fischbach to push for infrastructure aid
Moorhead city officials mainly wanted to discuss infrastructure and the possibility that federal aid could help several projects at the meeting at the Hjemkomst Center. The main project on the agenda was an estimated $ 114 million railroad underpass under the downtown tracks. Director of Government Affairs Lisa Bode told …
Read More »Biden’s budget includes increase in health grants
An ACA premium tax credit subsidy is supposed to keep what a consumer pays in cash for health coverage at a certain percentage of the consumer’s “modified adjusted gross income” or MAGI. (Photo: Shutterstock) President Joe Biden has proposed a budget for fiscal year 2022 that could make the current …
Read More »Fed to sell the assets of an emergency loan program | Economic news
By MARTIN CRUTSINGER, AP Economic Editor WASHINGTON (AP) – The Federal Reserve said on Wednesday it would start selling off the holdings of one of its emergency loan programs created last year to stabilize financial markets at the height of the pandemic crisis. The Fed will begin to liquidate the …
Read More »Marion must decide how to spend her $ 71 million American Rescue Plan
The Marion County government will receive just over $ 71 million in the American Rescue Plan Act, that President Joe Biden signed into law on March 11. How does the departmental commission plan to spend all this money? He doesn’t know it yet, but the conversation started at Tuesday’s committee …
Read More »White House offers more money, fewer details on its ‘YIMBY grant’ idea – Reason.com
The Biden administration continues to shine a light on how state and local regulations inflate the cost of housing. He also gives less and less detail on exactly how he intends to encourage these jurisdictions to reduce this red tape. On Wednesday, the White House released a fact sheet on …
Read More »U.S. trade chief Tai says U.S. faces ‘very big challenges’ in China
US Trade Representative Katherine Tai said on Wednesday that the United States still faces “very great challenges” in its trade and economic relationship with China that require the attention of the Biden administration at all levels. . Tai spoke with Reuters in an interview ahead of her first virtual call …
Read More »What Would It Take To Solve The Student Debt Crisis?
The possibility of a forgiveness of federal student loans is in the headlines. But experts say no single policy – not even clearing the list of millions of borrowers – addresses the root causes of the country’s $ 1.74 trillion student debt crisis. That debt has been fueled by decades …
Read More »Biden seeks metals for electric vehicles overseas, targeted by US miners
US President Joe Biden will rely on allied nations to provide the bulk of the metals needed to build electric vehicles and focus on transforming them nationally into battery parts, as part of a strategy designed to appease environmentalists, two administration officials with first-hand knowledge told Reuters. The plans will …
Read More »50 years later, the culture wars debate over the child care crisis has barely budged
In 1971, President Richard Nixon vetoed a bipartisan bill that would have laid the groundwork for a national child care system, claiming he would have sided the government with community-based approaches to education. children. [and] against the family-centered approach. “ Fifty years later, with President Joe Biden making subsidized child …
Read More »U.S. lawmakers to propose sustainable aviation fuel tax credit
A Delta plane is seen from Los Angeles International Airport (LAX), in Los Angeles, California, United States, April 5, 2021. REUTERS / Carlos Barria U.S. lawmakers plan to introduce a bill on Thursday that would create a low-carbon, sustainable aviation fuel tax credit, which they hope will reduce the industry’s …
Read More »County of St. Louis, the city to receive millions in federal housing assistance
This round of federal relief will go to households that have experienced job loss or housing instability due to COVID-19 ST. LOUIS COUNTY, Missouri – St. Louis and St. Louis County receive millions of dollars to help residents pay their rent or utility bills. County Director Dr Sam Page approved …
Read More »Hotels and hospitality union call for passage of COVID-19 relief bill
Through Archive Email Joyce Hanson “href =” https://www.law360.com/tax/articles/1379573/# “> Joyce Hanson Law360 provides free access to its coronavirus coverage to ensure that all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to subscribe to one of our weekly newsletters. …
Read More »Uber and Lyft have California playbook to fight proposed US rules on workers
Uber, Lyft, and other small-economy businesses face a new challenge from the Biden administration: using contract workers, but as they prepare to fight in Washington, they might turn to a lobbying manual. which helped them secure a decisive victory over California. regulators last year. US President Joe Biden campaigned on …
Read More »FILE: US nuclear power plant shutdown risk fluctuates with electricity policy and prices
New York – With a nuclear power plant prematurely retired in New York on April 30 and the fate of two other plants in Illinois in balance, the complexion of the US nuclear fleet is changing at a time when reducing CO2 emissions is a priority national. Not registered? Receive …
Read More »The two big risks to Biden’s American family plan
Wednesday’s address to the nation began rolling out President Joe Biden’s plan for American families. The proposal promises to expand tax credits for families, provide funding for preschool education, and strengthen child care and paid time off. The president hopes to address significant gaps in the country’s social safety net. …
Read More »UAW denounces GM investment in Mexico
Members of the United Auto Workers march in the Labor Day Parade in Detroit, September 2, 2019. Photo AP / Paul Sancya DETROIT (AP) – An announcement by General Motors that it would invest more than $ 1 billion in a Mexican factory that will build electric vehicles has angered …
Read More »Ecological realism is the key to biodiversity conservation
If the worsening climate crisis teaches us anything, it’s that we are anchored in the natural world and ignore this reality at our peril. At last month’s Climate Leaders’ Summit, US President Joe Biden urged the world’s major economies to cut greenhouse gas emissions and unveiled the US’s own plans …
Read More »EU trade chief hopes deal with US ends Airbus-Boeing dispute
The EU trade commissioner said he increasingly hopes to strike a deal with the Biden administration to end a 16-year feud over Airbus and Boeing subsidies, which would be a breakthrough in relations. transatlantic trade. Valdis Dombrovskis told the Financial Times that the EU and US were “very intensively” engaged …
Read More »Suddenly hope for less financial stress for families
When Patty Murray joined the Senate in 1993, one of the first bills she worked on was the Family and Medical Leave Act, which guaranteed 12 weeks of unpaid family leave to people who worked in companies in the 50 or more employees. It was quite modest, especially compared to …
Read More »UAW Calls for Electric Vehicle Tax Incentives Overhaul to Require U.S. Assembly
United Auto Workers (UAW) vice president Terry Dittes addresses delegates at the “Special Collective Bargaining Agreement” in Detroit, Michigan, the United States, March 12, 2019. REUTERS / Rebecca Cook The United Auto Workers (UAW) union said on Friday it wanted an overhaul of tax incentives for electric vehicles (EVs) to …
Read More »Airbnb bans rioters and hate groups ahead of inauguration
Airbnb, the online marketplace for vacation rentals, announced Monday it is reviewing reservations in the Washington, DC area before the presidential inauguration of next week and will ban any guest associated with hate groups or violent activity. What would you like to know Airbnb reviews bookings in nation’s capital ahead …
Read More »Not vaccinating globally could cost up to $ 2,000 per person this year in rich countries – World
Rich countries hold key to leaders’ chances at World Bank and IMF meetings to stop pandemic and avert $ 9 trillion disaster Rich countries must pave the way for cheaper mass-produced COVID-19 vaccines to protect everyone in the world and avert a “worst-case” $ 9 trillion global economic catastrophe, Oxfam …
Read More »Student loan forgiveness is tax-free in new stimulus bill
Advocates hope that a key provision in the US bailout will allow President Joe Biden to write off the student loan debt of millions of Americans. While the $ 1.9 trillion COVID-19 stimulus bill has not wiped out student debt, it has made future student loan forgiveness tax-exempt for the …
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