A $280 billion spending bill is signed into law. It aims to boost the American semiconductor industry and reduce dependency on China. Another bill also gets introduced. If passed, it would block the Chinese Communist Party from buying farmland in America. The continued practice has been called a national security issue. Twitter’s co-founder is calling…
Biden Signs $280 Billion Semiconductor Bill
August 9, 2022
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President Joe Biden signed the CHIPS and Science Act on Aug. 9, allocating a $280 billion funding package toward boosting domestic semiconductor manufacturing and various research endeavors. “The CHIPS and Science Act will boost American semiconductor research, development, and production, ensuring U.S. leadership in the technology that forms the foundation of everything from automobiles to…
Biden on Taiwan: ‘I’m Not Worried, But I’m Concerned’
August 9, 2022
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Speaking to reporters at Dover Air Force Base on Aug. 8, U.S. President Joe Biden said that he did not believe the Chinese Communist Party (CCP) presented an immediate threat to Taiwan but expressed concern about the number of troops and materiel being moved about the region. “I’m not worried,” Biden said, “but I’m concerned…
Goldman Sach Predicts Gas Prices to Rise Back to $4.35 a Gallon
Despite gas prices having dropped about 70 cents on average over the past month, investment bank Goldman Sachs predicted prices will soon rise again. Gasoline prices will likely rise to roughly $4.35 per gallon by the end of 2022, Goldman Sachs analysts said in a report. Goldman analysts also predicted a price increase in 2023, rising to…
Goldman Sachs: Gas Prices to Rise Back to $4.35 a Gallon
Despite gas prices having dropped about 70 cents on average over the past month, investment bank Goldman Sachs predicted prices will soon rise again. Gasoline prices will likely rise to roughly $4.35 per gallon by the end of 2022, Goldman Sachs analysts said in a report. Goldman analysts also predicted a price increase in 2023, rising to…
Joe Biden Tests Negative for COVID-19: White House Physician
President Joe Biden tested negative for the first time after seven straight days of positive tests in the so-called rebound COVID-19 case. “This morning, his SARS-CoV-2 antigen testing was negative,” White House physician Dr. Kevin O’Connor wrote in a statement. “In an abundance of caution, the President will continue his strict isolation measures pending a…
Biden Tests Negative for COVID; Read White House Physician’s Letter
President Joe Biden tested negative for the first time after seven straight days of positive tests in the so-called rebound COVID-19 case. “This morning, his SARS-CoV-2 antigen testing was negative,” White House physician Dr. Kevin O’Connor wrote in a statement. “In an abundance of caution, the President will continue his strict isolation measures pending a…
Biden Tests Negative for COVID: White House Physician’s Letter
President Joe Biden tested negative for the first time after seven straight days of positive tests in the so-called rebound COVID-19 case. “This morning, his SARS-CoV-2 antigen testing was negative,” White House physician Dr. Kevin O’Connor wrote in a statement. “In an abundance of caution, the President will continue his strict isolation measures pending a…
Barrasso to Biden: Get a ‘Backbone’ on China
August 5, 2022
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President Joe Biden needs to do more to stand up to Chinese communist aggression, according to Sen. John Barrasso (R-Wyo.), who said that the regime was taking advantage of perceived weakness with its ongoing military escalations around Taiwan. “China is displaying strength at a time when President Biden has displayed weakness and they’re going to…
CNBC Provides Daily Shade for Bidenomics
Commentary Governing the world’s economic superpower is tough, but it is a lot easier when the media are on your side. The tale of CNBC and the Biden administration is a classic example of a television network providing cover for every economic-related pronouncement and action made by Joe Biden’s Council of Economic Advisers and others….
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