The House of Representatives passed a Congressional Review Act (CRA) resolution on Friday to overturn a Biden administration policy that paused tariffs on imported solar panels. The resolution, H.J. Res. 39, passed in the House by a vote of 221–202. Twelve Democrats joined the majority of Republicans who voted in favor of the bill, while…
House Votes to Reverse Biden Solar Tariff Freeze; 12 Democrats Join Republican Majority
April 28, 2023
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China Solar Panel DisputescongressExecutive BranchPoliticspresident joe bidenU.S. House of RepresentativesUS
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Fugitive CEO Fined Record $3.4 Billion for Bitcoin Investment Fraud
April 28, 2023
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bitcoinBusiness & MarketsCrime and Incidentscrypto fraudcryptocurrencyMarketsPublic SafetyTechTech NewsUSUS News
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A United States court has ordered a South African citizen to pay over $3 billion in fines for duping American investors through a fraudulent Bitcoin investment scheme. Cornelius Johannes Steynberg was ordered by a federal judge in the U.S. District Court for the Western District of Texas to pay $1.73 billion in restitution to defrauded…
Texas Passes Bill to Make Electric Vehicles Owner Pay $200 Annual Fees
A new Texas bill that would impose a $400 registration fee for a new electric vehicle and a $200 annual renewal fee has cleared the state legislature with zero opposition vote. The bill, known as Senate Bill 505, on Thursday swept through the Texas House with unanimous approval. It had already unanimously passed the Senate…
American Investment, Chaotic Environment Check China’s African Lithium Grab
April 28, 2023
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AfricaAfrican lithium minesChinaChina Business & EconomyKamala Harrislithium minesNingde TimesThreat from Communist ChinaUS-China relations
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As China faces fierce competition for lithium resources in Australia and South America, Africa has become a new target for Beijing’s hunt for the mineral. The rapid expansion of Chinese lithium capacity in Africa is drawing increasing attention, prompting a call for stepped-up American investment to counter the Chinese presence on the African continent. Meanwhile,…
IMF Predicts Potential ‘Disorderly’ Price Corrections in European Housing Market
Home prices in Europe, which are overvalued in many places, could see major price corrections as the region confronts elevated inflation and tight financial conditions, the International Monetary Fund (IMF) said in a recent report. Europe is facing multiple economic challenges, with inflation remaining high and financial sector risks materializing. At the same time, real…
In Friendly Brisbane, Discover Something You’ve Never Tried Before
By Mary Ann Anderson From Tribune News Service Of all the gin joints in all the towns in all the world, I walked into Brisbane Distillery Co., Australia’s only registered gin school. It was there I selected, measured and mixed a carousel of floral botanicals including elderflower, lavender and violet leaf to distill a spirited…
Congress Investigates IRS Whistleblower’s ‘Troubling Claims’ About Agency
The chairman of the U.S. House Ways and Means Committee on Thursday indicated the powerful panel is reviewing claims from an alleged Internal Revenue Service (IRS) whistleblower who is voicing concerns about possible political interference that some lawmakers say relates to the probe targeting Hunter Biden. “Last week, a whistleblower came forward with troubling claims…
NFL Draft Dominated Early by QBs, Including Top Pick Young
KANSAS CITY, Mo.—Finding a franchise quarterback is the quickest path to success so it’s no surprise teams made them a priority in the NFL draft. Bryce Young, C.J. Stroud and Anthony Richardson were among the top four picks Thursday night, an expected result in a rich draft class that’s been anticipated since last year. The…
Mervyn King’s Proposal for Preventing Bank Runs Deserves Another Hearing
Commentary March was a bad month for the Dodd-Frank Act. We now know that Dodd-Frank, passed in the wake of the 2007–2008 banking crisis, doesn’t prevent bank runs. Neither do post–2008 arrangements tell depositors whether large deposits are safe or should be withdrawn with a swipe on a smartphone. This time, uninsured deposits were bailed…
State Supreme Court Gives Republicans Major Win in Key Swing State
The North Carolina Supreme Court on April 28 overturned a prior ruling that struck down alleged partisan gerrymandering, giving the state GOP a chance to come up with new congressional lines that favor Republicans. In a 5–2 ruling (pdf), the state’s highest court struck down an order that was previously issued by the same court. The…
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