Hypocritically, it’s by the Progressive-Democratic Party, which runs Michigan’s government. That’s the party that claims to champion the rights of America’s workers.
[State] Senate Democrats voted along party lines in support of repealing the decade-old “right-to-work” law in a state long considered a pillar of organized labor.
The State’s House already had passed a substantially similar bill, now the two go to conference to reconcile the differences, then the result will be voted up in both houses and sent to Governor Gretchen Whitmer (D) to be signed into law.
That’s what conventional “wisdom” says confronts the government of Australia as it contemplates buying nuclear-powered submarines from the US. The buy is part of AUKUS’ combined effort to counter the People’s Republic of China’s military buildup and its continued strengthening of the PLA in the PRC’s occupation of the South China Sea.
Australia is trying to strike a balance between its close relationship with the US and its ties to China, which buys much of its valuable iron ore and is its largest trading partner.
The Biden administration and his…regulators…are, indeed, bailing out all SVB depositors, including those with deposits larger than the FDIC’s insurance of deposits worth $250k or less. This is being done under the administration’s claimed “systemic risk exception” in order to bail out the bank’s uninsured deposits—which is to say the bank’s uninsured depositors.
That is a power that was used during the 2008 financial crisis. Measures such as this can be controversial, with some arguing that it creates what is known as a “moral hazard”—that by letting banks or their customers know the government will backstop them in a crisis, they will think less about risks.
Senator John Kennedy (R, LA) says Congress “of course” should talk aboutchanging the retirement age for federal entitlements.
The life expectancy of the average American right now is about 77 years old. For people who are in their 20s, their life expectancy will probably be 85 to 90. Does it really make sense to allow someone who’s in their 20s today to retire at 62? Those are the kind of things that we should talk about.
He’s right, but there’s more underlying the current age-to-retire paradigm than just raw life expectancy, and those factors need to be addressed as well.
That’s what President Joe Biden (D) claims after the Silicon Valley Bank collapse.
Americans can rest assured that our banking system is safe. Your deposits are safe. Let me also assure you that we will not stop at this. We will do whatever is needed.
But that’s true only if regulators do their job and enforce the rules in place—as they chose not to do in the runup to SVB’s failure—and if risks are well-known and left to the responsibility of the risk-takers in a free market rather than laid off to us taxpayers to make those taking the risks whole.
I actually partly agree with him on this. But only partly, because he’s only partly ending subsidies—those for fossil fuels. He needs to end—or propose ending; it’s Congress that has to do the deed—all subsidies for any purpose in any industry.
Still he could make a major step forward were he to produce a favorable answer to my question:
Will Biden also end the “green” energy subsidies, or will the Progressive-Democrat continue to insist on picking industrial winners and attacking those industries of which he personally disapproves?
Stipulate, arguendo, that we actually have one of those going on. Federal Reserve Chairman Jerome Powell wants to cool it down hard.
The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.
In an editorial centered on the travails of a small pharmaceutical company, Novavax Inc, in developing medicines—here, particularly, Novavax’ Wuhan Virus vaccine in alternative to Pfizer’s and Moderna’s—there were these claims by then-NAIAD head Anthony Fauci in explaining the apparently deliberate regulatory delay in getting FDA approval:
We don’t need another vaccine.
It just seems rather unusual that people are waiting for something else when you have vaccines that have been given to now nine billion people[.]
This is another instance of Government presuming to dictate to us average Americans what our needs are instead of accepting that we know our needs and how to satisfy them much better than any Government bureaucrat.
Department of Transportation Secretary Pete Buttigieg likes to jet around the country and to overseas locations. He claims to do this while flying coach on commercial airlines, but he’s also taken 23 jet rides at taxpayer expense on private Government-owned jets. Now he’s refusing to supply relevant oversight data for these rides.
The Department of Transportation (DOT) has turned down repeated requests for information related to the taxpayer costs of 23 flights Secretary Pete Buttigieg and his advisers took on government private jets since taking office.
The DOT and the agency’s Freedom of Information Act (FOIA) office both declined to detail how much each flight cost taxpayers over the course of multiple months and in recent weeks.