The United States and the European Union will negotiate a revised trade agreement that could allow European manufacturers to receive U.S. tax credits for producing critical minerals such as lithium and nickel for electric car batteries. Following a March 10 meeting at the White House between President Joe Biden and European Commission President Ursula von…
Biden May Give European Automakers US Tax Credit for Battery, Critical Mineral Production
March 11, 2023
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Has Wokeness Peaked? That’s Debatable
March 11, 2023
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AnalysisBig Tech, Censorship, and SocialismBusiness & Marketscancel cultureChatGPTChinaCompaniesDefending AmericaeconomyFeatured TopicsMedia & Big TechOpinionPolicies & ImpactsPoliticsSocial IssuesThreat from Communist ChinaTwitterUSUS FeaturesUS NewsUS-China relationswokewokenessWorld
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News Analysis As headlines declare that “peak woke” has passed, one researcher thinks it’s possible that wokeness is actually just “mutating.” “The jury is still out in terms of whether the Great Awokening is winding down,” wrote Associate Professor David Rozado in a Feb. 24 Twitter post. Rozado’s research in computational social science at the New Zealand Institute…
Yeti Recalls Nearly 2 Million Coolers and Cases Over Magnet Hazard
Yeti Holdings Inc., a maker of coolers and other outdoor gear, is recalling 1.9 million soft coolers and gear cases because of magnets that could detach and be ingested, posing a risk of serious injury or death. The voluntary recall is in cooperation with the U.S. Consumer Product Safety Commission (CPSC). The recall affects the…
SVB Chief Sold $3.6 Million in Stock Shortly Before Bank’s Collapse
Documents show that the CEO of Silicon Valley Bank (SVB) sold $3.6 million in shares of the failed financial institution’s parent company several weeks before its collapse—the biggest U.S. bank failure since 2008 that sent a shudder of anxiety across markets. A filing with the Securities and Exchange Commission (SEC) shows that Greg Becker, who joined…
Dutch Government Blocks China From Access to Key Semiconductor Technology
March 11, 2023
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The Dutch government agreed to block China from having access to chip manufacturing technology, heating up a longstanding conflict over semiconductors with Beijing. Chinese Communist Party (CCP) authorities slammed The Hague and accused the European Union state of siding with the United States in an ongoing chip war. The Minister for Foreign Trade and Development…
Ford to Cut 1,100 Jobs in Spain After Other European Layoffs
MADRID—Ford Motor Co. announced Friday that it will cut around 1,100 jobs at its plant in the eastern Spanish city of Valencia. The cuts are in addition to the 2,300 layoffs largely in Germany and the United Kingdom that the automaker announced last month as part of a “leaner, more competitive cost structure in Europe.”…
Finance Sector Braces for Shockwaves After Silicon Valley Bank Collapse
March 10, 2023
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It took only 48 hours for Silicon Valley Bank to become the nation’s second-largest bank failure. The company’s problems started on Wednesday when the financial institution informed investors that it needed to generate $2.25 billion to cover an unexpected decline in deposits and improve its balance sheet and overall financial position. In a letter to…
Juul to Pay Chicago $23.8 Million for Underage Vaping Settlement
CHICAGO—Vaping company Juul Labs will pay Chicago $23.8 million to settle a lawsuit alleging the company marketed products to underage users, the city announced Friday. The Chicago Department of Public Health will use the money for youth prevention and reduction programs, education and outreach, according to a city press release. The settlement is the latest…
Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia
ALEXANDRIA, Virginia—A U.S. federal judge on Friday rejected a bid by Alphabet Inc.’s Google to move a Justice Department lawsuit against it over dominance in advertising technology from Virginia to New York. “I am going to rule against you,” Judge Leonie Brinkema told an attorney for Google. The government, which filed the ad tech lawsuit…
Treasury, White House: Confident in Regulators Response on Silicon Valley Bank Collapse
WASHINGTON—Treasury Secretary Janet Yellen met with banking regulators on Friday on the collapse of SVB Financial Group as she and the White House expressed confidence in their abilities to respond to the largest bank failure since the 2008 financial crisis. Yellen met with officials from the Federal Reserve, the Federal Deposit Insurance Corporation, and the…
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