The Biden administration is launching an initiative in excess of $5 billion to speed up the development of new vaccines and treatments for COVID-19 and other coronaviruses that could pose a future threat. The news comes the same day that President Joe Biden signed a measure to end the COVID-19 national emergency. “Building on the work…
Biden Admin Launches $5 Billion Effort to Develop New COVID-19 Vaccines, Therapies
Walter Reed Military Hospital Cuts Pastoral Care Contract With Catholic Priests, Chooses Secular Company Instead
April 10, 2023
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The Walter Reed National Military Medical Center has cut ties with the community of Catholic priests that have administered religious rights to service members and veterans at the hospital for two decades. Walter Reed Medical Center, one of the most prominent military hospitals in the United States, issued a cease and desist letter on March…
Bank Crisis Spawns Credit Crunch: Analysts
April 10, 2023
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In the wake of recent failures in some regional bank, Americans across the board are finding it harder to get credit. Because smaller banks are so critical to small-business and consumer lending, many analysts predict the fallout from the Fed’s campaign to tame inflation will have dire consequences for the economy. “Bank lending peaked in…
Lawmakers Probe If Collusion Between SVB and Its Biggest Customers Helped Fuel Collapse
April 10, 2023
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Two Democrat lawmakers are probing if “mutual backscratching arrangements” between Silicon Valley Bank (SVB) and some of its biggest customers helped fuel its collapse early last month. Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) have requested responses from some of the largest depositors at the failed bank, to probe the nature of their relationship with the failed…
Texas AG Backs Pardon After Daniel Perry Convicted for Killing Gun-Wielding Protester
April 10, 2023
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Texas Attorney General Ken Paxton has voiced his support for pardoning Daniel Perry after the 37-year-old U.S. Army sergeant fatally shot a man who approached his car with a rifle during a Black Lives Matter protest in Austin in 2020. Perry was driving for Uber on July 25, 2020, when he encountered a road that…
LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 10, 2023
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
California Governor’s Plan to Cancel Walgreens Contract Over Abortion Drug Blocked by Federal Law
April 10, 2023
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California Gov. Gavin Newsom is backtracking on statements made last month, after federal regulations prevented him from pulling state contracts with Walgreens, over the abortion drug mifepristone the retailer refuses to dispense in 21 U.S. states. “California has no intention of taking any action that would violate federal Medicaid requirements, or that could undermine access…
Oil Companies Urge Supreme Court Not to Allow Climate Change Lawsuit to Proceed in State Courts
Energy companies are urging the Supreme Court to keep a Biden administration-backed environmentalist lawsuit accusing the industry of accelerating climate change in federal court where they may have an advantage. The lawsuit is part of an effort to force action on the climate change issue through the courts, as opposed to having elected lawmakers make…
Twitter Walks Back NPR ‘State-Affiliated’ Label, Changes It to ‘Government Funded’ Following Backlash
April 10, 2023
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Twitter walked back labeling National Public Radio’s (NPR) account as “state-affiliated media” after facing public pressure. The social media platform replaced the label for NPR’s account and with the term, “government-funded media.” NPR was given on April 4 the same label as foreign state media outlets like Russian state-controlled TASS, RT, and Xinhua, the Chinese…
IRS Moves to Crack Down on Tax Shelters for Small Businesses
April 10, 2023
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The Internal Revenue Service (IRS) has issued proposed regulations that would abolish certain tax shelters. The agency’s proposed rulemaking wants to classify certain types of insurance arrangements that let small businesses benefit from tax breaks as either “listed transactions” or “transactions of interest,” making it easier for the IRS to disallow certain claimed tax benefits. “Listed…
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