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Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian SnyderWASHINGTON (Reuters) - The weak U.S. jobs report in April shows the value of the Federal Reserve’s willingness to wait before reducing its support for the economy to ensure that the recovery is fully on track, Fed Governor Lael Brainard said on Tuesday. The 266,000 payroll positions added in April fell short of widespread expectations for a million or more new jobs, and Brainard connected the miss to the complexities of reopening an economy still battling a pandemic. Even though the economy was strengthening and would add jobs at a rapid clip in coming months, the April report “reminds us that realized outcomes can diverge from forward projections and underscores the value of patience,” Brainard said in remarks webcast to the Society for Advancing Business Editing and Writing. Government fiscal spending will also fade next year.
Persons: Lael Brainard, John F, Brian Snyder WASHINGTON, Brainard, ” Brainard, , Organizations: Kennedy School of Government, Harvard University in, REUTERS, Society for, Fed Locations: Harvard University in Cambridge , Massachusetts, U.S
The Washington Post names Sally Buzbee as top editor
  + stars: | 2021-05-11 | by ( The Associated Press | ) www.nbcnews.com + 0.00   time to read: +3 min
Sally Buzbee, senior vice president and executive editor of The Associated Press, was named Tuesday as executive editor of The Washington Post, succeeding the recently retired Marty Baron. Buzbee previously served as the agency’s Washington bureau chief, and before that was Middle East editor, among many other positions in an AP career stretching back to 1988. At the Post, Buzbee succeeds the widely revered Baron, who had led the Post since 2013, guiding the news organization’s resurgence under the ownership of Amazon founder Jeff Bezos. “This is bittersweet news for the AP,” President and CEO Gary Pruitt said. Until a selection is made, the executive editor duties will be shared by AP Vice President and Managing Editor Brian Carovillano, who will lead AP’s news report, and AP Vice President and Managing Editor David Scott, who will handle news operations.
Persons: Sally Buzbee, Marty Baron, Buzbee, Donald Trump’s, Jeff Bezos, Baron, “ I’ve, ” Buzbee, , AP’s, Gary Pruitt, “ Sally, Sally, Brian Carovillano, David Scott, Organizations: Associated Press, The Washington Post, Amazon, AP, Hezbollah, Nerve, House, Congress, Pentagon, Locations: Washington, East, Olathe , Kansas, Topeka, San Diego, Cairo, Iraq, Israel, Darfur, Saudi Arabia, Yemen, York
Washington Post Names Sally Buzbee Executive Editor
  + stars: | 2021-05-11 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com + 1.00   time to read: 1 min
Sally Buzbee has been named executive editor at the Washington Post, succeeding Martin Baron, who retired in February. Ms. Buzbee, 55 years old, is the first executive editor to be chosen since Amazon.com Inc. chief executive Jeff Bezos bought the newspaper in 2013 from the Graham family for $250 million. Ms. Buzbee has been the executive editor and senior vice president of the Associated Press since 2017. She topped a wide search that included interviews with a number of potential candidates. “Sally Buzbee has an exceptional record of achievement and a tremendous wealth of experience in leading a global news organization,” said Fred Ryan, publisher and chief executive of the Washington Post.
Persons: Sally Buzbee, Martin Baron, Buzbee, Jeff Bezos, Graham, , Fred Ryan, Jeffrey A, Trachtenberg Organizations: Washington Post, Amazon.com Inc, Associated Press, Washington
The result has left Lawrence wary of law enforcement, a source of lasting trauma that countless Black men say they experience because of encounters that stick with them forever. They saw a white man getting arrested for what they later learned was check forgery. A white officer escorted Burch into the bank, where the detained white man claimed that Burch had given him a forged check and two identifications of a Black man with an Afro. "There are thousands of Black men in prison for no reason at all," Burch said. "So while our Black men are suffering from this form of PTSD, Black women are, as well.
Persons: Trevor Lawrence, Lawrence, It's, it's, Marvin Burch, Burch, me, I'm, Terrell Holloway, Holloway, Brandon Gamble, Gamble, We're, Andrew Smith Jr, Smith, Boyd, Breonna Taylor, — that's Organizations: Washington , D.C, Norfolk State University in, Yale University, Oakwood University, Super, Sunday, Facebook, Twitter Locations: Washington ,, Oakland , California, Norfolk State University in Virginia, Huntsville , Alabama, New York, Manhattan, Los Angeles
Biden Faces Russian Test Over Aid in Syria
  + stars: | 2021-05-11 | by ( Michael R. Gordon | Jessica Donati | ) www.wsj.com sentiment -0.95   time to read: +1 min
WASHINGTON—The Biden administration is bracing for a showdown with Russia over the delivery of United Nations aid to millions of Syrians outside the control of Syrian President Bashar al-Assad, a flow that Moscow is poised to block in July. At stake is the U.N.’s use of the Bab al-Hawa border crossing between Syria and Turkey, which the world body has used to send about 1,000 truckloads of aid a month to a region in northwest Syria with a population of more than four million. The U.S. and its allies say the closure of the border to the U.N. would put civilians in jeopardy, especially the 2.7 million people in the area who have been displaced by the conflict. The U.N. also has just started its Covid-19 vaccination campaign in the area, an effort not easily replaced by another organization. “It’s clear that the stakes are quite high,” said a U.S. official at the U.N. “We’ll be actively engaged both with like-minded countries who are standing with us on this and with others who have expressed some skepticism.”
Persons: WASHINGTON —, Biden, Bashar al, Assad, , “ We’ll Organizations: United Nations, U.S Locations: Russia, Moscow, Syria, Turkey, U.S, Iran
The woman in the photograph was actually a neighbor of Ivanka Trump photographed in Washington D.C. on April 1, 2017 at an LGBT+ climate change protest outside Ivanka Trump’s house. It was published on April 2, 2017 in a Daily Mail article, seen here . It was taken during a dance protest staged by LGBT+ activists on April 1, 2017 outside Ivanka Trump’s house in Washington D.C. against then-president Donald Trump’s executive order undoing Obama-era climate change regulations (here , here). The caption on the photo says, “Dianne Bruce (right) lives across the street from Ivanka Trump and also lives in London. The photo shows the neighbour of Ivanka Trump, not Rudy Giuliani, and was taken in Washington D.C. in April 2017.
Persons: Rudy Giuliani’s, Ivanka Trump, Ivanka, Giuliani, Donald Trump, “ Rudy Guiliani’s, “ Schaden, Freude, Mary F, Calvert, Donald Trump’s, Obama, “ Dianne Bruce, Bruce, Rudy Giuliani, Read Organizations: FBI, Mail, Washington D.C, Reuters Locations: Washington, New York, Ukraine, , DailyMail.com, Ivanka Trump’s, London
WASHINGTON (Reuters) -The U.S. Federal Reserve and other bank regulators should force banks to hold more cash to guard against potential losses due to climate change and possible steps to fight it, one of Washington’s top liberal think tanks said on Tuesday. The paper argues that regulators could move quickly to bolster banks’ capital cushions by establishing several new safeguards, including a new capital surcharge directly tied to how much pollution banks directly finance and heightened stress tests of big banks that incorporate climate risks. After lagging European counterparts on climate change under the Trump administration, the Fed has ramped up efforts in recent months, including devoting new staff specifically to exploring how climate change could affect the economy and the financial system. But the Fed has yet to adopt any new policies in response to climate change, which some argue are already overdue. It adds the Fed should go farther with the largest banks, imposing a new capital surcharge directly tied to how much carbon they finance with their activities.
Persons: Leah Millis, Biden, Trump, , , Gregg Gelzinis, it’s Organizations: WASHINGTON, U.S . Federal Reserve, Federal Reserve Board, REUTERS, Center for American Progress, Reuters, Wall, Fed Locations: Washington , U.S
U.S. Fed should require banks to hold more cash for climate risks -think tank
  + stars: | 2021-05-11 | by ( Pete Schroeder | ) www.reuters.com sentiment -0.98   time to read: +2 min
Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisThe U.S. Federal Reserve should force banks to hold more cash to guard against potential losses due to climate change and possible steps to fight it, one of Washington's top liberal think tanks said on Tuesday. After lagging European counterparts on climate change under the Trump administration, the Fed has ramped up efforts in recent months, including devoting new staff specifically to exploring how climate change could impact the economy and the financial system. "It is increasingly clear that climate change could have important implications for the Federal Reserve in carrying out its responsibilities," said Fed Governor Lael Brainard in a March speech. But the Fed has yet to adopt any new policies in response to climate change, a move the paper argues the regulator can ill afford.
Persons: Leah Millis, Biden, Trump, Lael Brainard Organizations: Board, REUTERS, U.S . Federal, Center for American Progress, Reuters, Wall, Fed, Federal Reserve, Thomson Locations: Washington , U.S, U.S
Lafayette Square near the White House reopens to public
  + stars: | 2021-05-11 | by ( ) www.nbcnews.com sentiment -0.96   time to read: +1 min
WASHINGTON — Lafayette Square, the park across from the White House, reopened Monday to the public nearly a year after federal authorities fenced off the area at the height of nationwide protests over policing following the killing of George Floyd in Minneapolis. The square, which offers perhaps the best view of the White House to the public, was closed after U.S. Park Police officers last June forcefully dispersed protesters who had gathered near the White House. The protesters were ejected from the square shortly before then-President Donald Trump walked across the park to stand near St. John’s Church to pose before cameras holding a Bible. Fencing still surrounds the square named after the American Revolutionary War hero, but entryways on the northern side of the park were quietly opened to the public on Monday morning. Lafayette Square has long been one of the nation’s most prominent venues for demonstrations.
Persons: George Floyd, Donald Trump, , Derek Chauvin, Floyd Organizations: White, . Park Police, John’s, Secret Service, The, Department Locations: WASHINGTON, Minneapolis, St, Lafayette
REUTERS/Yuri Gripas/File PhotoChina should implement its commitments to equal treatment for foreign business and abandon "implicit" guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday. When ties worsen, U.S. firms see poorer implementation of regulations promising equal treatment for foreign business, affecting investment project approvals and market access, said Greg Gilligan, chairman of AmCham China. Legislation promising equal treatment for foreign and domestic companies is only unevenly implemented, said the paper, which also called for emerging sectors like cloud computing to be opened up to foreign companies. U.S.-China tensions were seen as a challenge to doing business in China for 78% of companies polled by AmCham, according to a survey released in March. China also pledged to toughen intellectual property protections, and improve agriculture biotechnology and financial services access for U.S. firms.
Persons: Yuri Gripas, Greg Gilligan, Sweden's, Joe Biden, Katherine Tai, Trump Organizations: Pentagon, REUTERS, American Chamber of Commerce, Republicans, AmCham, U.S . Trade, Biden, U.S, Thomson Locations: Arlington , Virginia, U.S, China, United States, China's, Xinjiang, Beijing, Beijing . U.S, Tai, Washington
Michael Bolton told lawmakers they needed a counterintelligence unit following the Capitol attack. The Capitol Police have to start looking at themselves as a "protective agency" that prioritizes intelligence after the January 6 Capitol attack, the agency's inspector general said. "Why did the department decide to monitor the … counter demonstrators but apparently, according to this timeline, not to monitor the Proud Boys?" Several Proud Boys as well as members of groups like the Oath Keepers have been charged by federal prosecutors in connection with the Capitol riot. A spokesperson for Capitol Police told Politico that they did get information about the Proud Boys presence from the Metropolitan Police Department.
Persons: Michael Bolton, General Michael Bolton, Bolton, Zoe Lofgren, Lofgren, USCP Organizations: Capitol Police, NPR, Capitol, Democratic, Republican National Committees, The Washington Post, Service, FBI, Politico, Boys, Metropolitan Police Department
EXCLUSIVE Foxconn iPhone India output drops 50% amid COVID surge-sources
  + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.00   time to read: +4 min
The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for India, the world's No.2 smartphone market. Tamil Nadu is one of the worst hit states in the second coronavirus wave engulfing India. Officials imposed a full lockdown in the state from Monday, closing public transport and shuttering shops, to try slow surging infections. Foxconn similarly said strong smartphone sales contributed to a stronger-than-expected performance in the fourth quarter amid the work-from-home trend. Nokia and Chinese smartphone maker OPPO last year suspended production at factories in India after workers tested positive for COVID-19.
Persons: Stephen Lam, Foxconn, Tim Cook, Canalys, TrendForce Organizations: Apple, REUTERS, Reuters, Employees, Nokia, Samsung, Thomson Locations: San Francisco , California, U.S, India, Tamil Nadu, Chennai, Taipei, China, Washington, Beijing
We are asking for shareholders to recognize the need for Shell's climate targets to align with the Paris Agreement. We are asking for shareholders to recognize the need for Shell's climate targets to align with the Paris Agreement," he said. Extinction Rebellion DC blocks 17th Street after dumping cow manure outside the White House on Earth Day to protest President Biden's climate plan in Washington, April 22, 2021. Meanwhile, the U.K.'s Local Authority Pension Fund Forum, whose 82 members manage over £300 billion ($423 billion), also plan to oppose Shell's climate strategy, Reuters reported. However, another Shell investor, the Church of England's Pension Board, is likely to support the firm's climate plan later this month.
Persons: Peter Boer, Norway's Equinor, refiner Phillips, Mark van Baal, Shell, Ben van Beurden, Evelyn Hockstein, Baal, van Baal, Adam Matthews, Matthews, Jasper Juinen Organizations: Royal, Shell Pernis, Bloomberg, Getty, Big Oil, ConocoPhillips, Shell, CNBC, Reuters, Sarasin, Partners, Authority, Fund, Methodist Church, Financial Times, of, Pensions, Royal Dutch Shell Plc Locations: Rotterdam, Netherlands, Paris, U.S, Chevron, Washington, Europe, Rotterdam , Netherlands
President Joe Biden usually slips into the back pews of the mid-19th-century Catholic church during the priest's entrance procession. Kevin Gillespie, the pastor at the Holy Trinity Catholic Church in Washington's posh Georgetown neighborhood. Church has been a significant outlet for the nation's second Catholic president during his early days in office. "Proud to marry Brian and Joe at my house," Biden tweeted with a photo of the ceremony. Still a 'regular guy' at churchParishioners at St. Joseph on the Brandywine Roman Catholic Church in Wilmington are used to seeing Biden there.
Persons: Joe Biden, Biden, Kevin Gillespie, he'd, Bob Dole, Gillespie, He's, Ash, Patrick's, Donald Trump, Joseph, Chieko Noguchi, José H, Gomez, Pope Francis, Tom Williams, Roe, Wade, Brian, Joe, doesn't, Cardinal Wilton Gregory, Monsignor William Koenig, hasn't, I'm, Nancy Pelosi's, Salvatore J, Cordileone, Andrea Mitchell, America's, John F, Kennedy, Margaret McGuinness, Pope Paul VI, Bettmann, Republican Richard Nixon, Beau, John Bel Edwards, Neilia, Naomi, Stephen Colbert, Ashley, Sen, Biden's, Jill Biden, Matthew the Apostle, Chip Somodevilla, Derek Chauvin, George Floyd's, he's Organizations: Catholic, Holy Trinity Catholic Church, Kansas GOP, Trinity Catholic Church, Service, US Conference of Catholic, Capitol, Washingtonian, White, White House, Holy Trinity, US Conference of Catholic Bishops, Washington's, Biden, ABC News, MSNBC, La Salle University, Republican, Trump, Democratic, Church, Brandywine Roman Catholic Church, St, Washington DC Locations: Washington's, Georgetown, Kansas, St, Delaware, Los Angeles, Texas, Minnesota, California, Washington, In Delaware, Biden's, San Francisco, South Carolina, Philadelphia, Vatican City, Louisiana, Wilmington, Minneapolis
NBA roundup: Russell Westbrook passes Big O's mark in Wizards' loss
  + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.00   time to read: +5 min
Westbrook had 28 points, 13 rebounds and 21 assists, his 36th triple-double of the season, passing Oscar Robertson's career mark. It was his fifth triple-double in a row and his 18th in his past 21 games. Dejounte Murray added 21 points, and Patty Mills and Keldon Johnson hit for 20 points apiece for the Spurs. Jordan Poole added 20 points and Kent Bazemore had 19 for the Warriors. Domantas Sabonis finished with 21 points, 20 rebounds, nine assists and four blocks for the Pacers.
Persons: Russell Westbrook, Kevin Huerter, Brett Davis, Washington's Russell Westbrook, Westbrook, Oscar Robertson's, Bradley Beal, Trae Young, John Collins, Bogdan Bogdanovic, Young, Collins, Bogdanovic, Clint Capela, Antonio, Dejounte Murray, Patty Mills, Keldon Johnson, Giannis Antetokounmpo, Khris Middleton, Stephen Curry, Jordan Poole, Kent Bazemore, Curry, Jordan Clarkson, Bojan Bogdanovic, Damian Lillard, CJ McCollum, Norman Powell, Kelly Olynyk, D.J, Augustin, Jonas Valanciunas, Ja Morant, Valanciunas, Morant, Nickeil Alexander, Walker, Willy Hernangomez, Kelan Martin, Domantas Sabonis, Caris LeVert, Collin Sexton Organizations: Washington Wizards, Atlanta Hawks, Farm, USA, Wizards, Atlanta, Spurs, Bucks, Milwaukee, Eastern Conference, Philadelphia, Warriors, Jazz, Golden, New Orleans Pelicans, Memphis Grizzlies, Western Conference, Blazers, Rockets, Houston, Portland, Dallas Mavericks, Los Angeles Lakers, NBA, Grizzlies, Pelicans, Memphis, New, Pacers, Cavaliers, Indiana, Cleveland, Chicago Bulls, Thomson Locations: Atlanta , Georgia, USA, San Antonio, West, Milwaukee, Brooklyn, upended Utah, San Francisco, Utah, Portland, New Orleans
Low mortgage rates typically signify a struggling economy, so rates should stay low for the foreseeable future. Mortgage refinance rates tend to be higher than purchase rates, but today's refinance rates are still low. How to lock in the best mortgage rateYou can lock in low mortgage or refinance rates today, as all rates are at striking lows. A 15-year fixed mortgage will cost less than a 30-year fixed mortgage in the long run. Mortgage and refinance rates by stateCheck the latest rates in your state at the links below.
Persons: Laura Grace Tarpley, Ryan Wangman Organizations: RedVentures ., Mortgage, ARM, Government, FHA, Alabama Alaska, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode, South, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West Virginia, Finance Locations: Money.com, RedVentures, Alabama, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi, Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon, South Carolina South Dakota Tennessee Utah Vermont, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West Virginia Wisconsin Wyoming
Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. President Joe Biden at the White House on April 6. MORE JOBS-REPORT FALLOUT: President Joe Biden said Americans receiving unemployment benefits must either take a job that is "suitable" or lose the support. Gina Raimondo; Official White House Photo by Adam Schultz; Jennifer Granholm; Deb Haaland. Today's trivia question: Dogs have had their days at the White House.
Persons: Anthony Fauci, Republican Sen, Rand Paul teeing, Joe Biden, Evan Vucci, Biden, Nick Oxford, Chipotle, Ghaith, Glenn Youngkin, Pete Snyder, Youngkin, Terry McAuliffe, Liz Cheney, Sen, Joni Ernst of Iowa, Cheney's, Ernst, Donald Trump, Cheney, Kevin McCarthy, McCarthy, Joe Biden's, Gina Raimondo, Adam Schultz, Jennifer Granholm, Deb Haaland, Team Biden, Major aren't, Biden's, Tedros Adhanom Ghebreyesu, Lo, Ben Affleck Organizations: Republican, White, Republicans, Reuters, Democratic, Costco, Washington Post, Politico, Drug Administration, Pfizer, BioNTech's, Former Carlyle Group, GOP, Gov, House Republicans, US Conference of Catholic, Team, New York Times, Health, Big Sky, Service Locations: Fauci, South Carolina , Montana, Arkansas, Fayetteville , Arkansas, Gaza, Jerusalem, Israel, Canada, Washington, India, Japan, Tokyo, Montana
A former GOP state attorney general slammed the Maricopa County, Arizona, election recount. "They lost, and they can't get over it," Grant Woods, now a Democrat, told the AP. A former Arizona Republican attorney general said that the people running Maricopa County's much-criticized ballot recount "can't get over" losing the state in 2020. The recount was ordered by the GOP-led Arizona state legislature following widespread conspiracy theories around the result. "They lost, and they can't get over it," Woods told the AP on Monday.
Persons: Grant Woods, Donald Trump, Doug Ducey, Woods, Republican Sen Paul Boyer, Katie Hobbs, , Ken Bennett, Joe Biden, Trump, There's, Boyer Organizations: GOP, AP, Arizona Republican, Maricopa, Democratic Party, Associated Press, Republican Gov, Service, Republican, Arizona, Democrats, The Washington Post, The, of Justice Locations: Maricopa County , Arizona, Arizona, Maricopa County, Arizona's
REUTERS/Kevin LamarqueOne million Americans have signed up for health insurance on the U.S. government website Healthcare.gov during a special enrollment period that began on Feb. 15, President Joe Biden said in a statement on Tuesday. "One million more Americans who don’t have to lie awake at night worrying about what happens if they or one of their family members gets sick. Through this opportunity for special enrollment, we have made enormous progress in expanding access to health insurance," Biden said in a statement. The special enrollment period is open through Aug. 15. "There is plenty of time left to sign up, and I encourage everyone who needs health insurance to go to HealthCare.gov by August 15.
Persons: Joe Biden, Kamala Harris, Kevin Lamarque, Biden Organizations: White, REUTERS, ., Democrat, Affordable, Thomson Locations: U.S, Washington , U.S
Russian Foreign Minister Sergei Lavrov speaks during a news conference in Moscow, Russia May 5, 2021. Alexander Zemlianichenko/Pool via REUTERSMoscow has proposed discussing arms control and security issues at a possible meeting between Russian President Vladimir Putin and U.S. President Joe Biden, Foreign Minister Sergei Lavrov said on Tuesday. Lavrov said Moscow was still waiting for answers from Washington on a proposed summit between the two leaders. U.S. ambassador on disarmament Robert Wood said preparations for talks between the two leaders were underway. "President Biden and President Putin have agreed to explore strategic stability discussions on a range of arms control and emerging security issues," he told a virtual United Nations conference on disarmament.
Persons: Sergei Lavrov, Alexander Zemlianichenko, Vladimir Putin, Joe Biden, Lavrov, Robert Wood, Biden, Putin Organizations: Russian, REUTERS, U.S, United Nations, Thomson Locations: Moscow, Russia, REUTERS Moscow, Washington
Voting rights activists gather during a protest against Texas legislators who are advancing a slew of new voting restrictions in Austin, Texas, U.S., May 8, 2021. The bill faces long odds in the Senate, where 10 Republicans would have to join with Democrats for it to pass. "Democrats’ partisan power-grab 'election reform' bill is not about voting rights. It’s about letting Washington Democrats control the terms of political debate and all 50 states’ election laws," Senate Minority Leader Mitch McConnell said on Twitter on Monday. read moreThat follows Georgia's enactment in March of a far-reaching Republican election law bill that includes a prohibition on offering food or water to voters waiting in long lines.
Persons: Mikala Compton, Chuck Schumer, Mitch McConnell, Donald Trump Organizations: Texas, REUTERS, Mikala Compton Democrats, Senate, Republicans, Washington Democrats, Twitter, U.S . House, Representatives, Republican, Democrats, Reuters, Thomson Locations: Austin , Texas, U.S, Florida, Texas, United States
Semiconductor companies and big businesses that use semiconductor chips have formed a new coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States. The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout the economy. Its members include chip companies like Intel, Nvidia and Qualcomm and companies that rely on semiconductors like Apple, Google, Amazon Web Services, Microsoft, Verizon and AT&T. The coalition is calling on Congress to provide $50 billion in funding for semiconductor research and manufacturing, which President Biden has proposed as part of his $2.3 trillion infrastructure package. “Leaders from a broad range of critical sectors of the U.S. economy, as well as a large and bipartisan group of policymakers in Washington, recognize the essential role of semiconductors in America’s current and future strength,” said John Neuffer, the president and chief executive of the Semiconductor Industry Association, a trade group that represents semiconductor companies.
Persons: Biden, , John Neuffer Organizations: Semiconductors, America Coalition, Intel, Nvidia, Qualcomm, Google, Amazon Web Services, Microsoft, Verizon, AT, , Semiconductor Industry Association Locations: United States, U.S, Washington
The Carlyle Group wants to recognize employees who are advancing the firm's goals advocating for diversity, equity, and inclusion at work. The company announced internally that its board's compensation committee will link an undisclosed portion of CEO compensation to diversity, equity, and inclusion-related metrics. In addition, Carlyle asked all of its employees to set a DEI goal for themselves in 2021. The Carlyle Group did not disclose the monetary value of the awards. Looking forward to future prospects related to diversity and inclusion at Carlyle, Helander was optimistic that this newest effort will help generate continued, positive change.
Persons: Carlyle, Kara Helander, Helander Organizations: Carlyle Group, Washington , D.C, Service, BlackRock Locations: Washington ,
The Pentagon may pull its $10 billion cloud-computing JEDI defense contract with Microsoft, the WSJ reported. The contract has been swamped with litigation from Amazon since Microsoft was awarded it in 2019. Officials at the Pentagon are reportedly considering ending the Joint Enterprise Defense Infrastructure (JEDI) contract it has with Microsoft in light of endless litigation from Amazon, according to a Wall Street Journal report. In October 2019, the Department of Defense (DoD) awarded Microsoft its JEDI contract, valued at up to $10 billion, to store and manage sensitive military and defense data. JEDI contract should involve more companiesLawmakers and government-contracting experts told the Journal that the JEDI contract should be pulled because having a single company, such as Microsoft, controlling the program was an insufficient and outdated model.
Persons: Donald Trump, Jamal Brown, Jeff Bezos, Trump, Amazon's Organizations: Pentagon, Microsoft, Amazon, Enterprise Defense Infrastructure, Wall, Department of Defense, Web Services, Associated Press, AWS, Washington Post, DoD, Defense Department Locations: Amazon
Live Big Tech Firms Seek Federal Funding for Chip Manufacturing: Live Updates RIGHT NOW L Brands will spin off Victoria’s Secret instead of trying to sell it. President Biden has called for $50 billion to encourage domestic semiconductor production as part of his infrastructure plan. The new coalition does not include any automakers, which have their own ideas for how the government should encourage domestic semiconductor manufacturing. Macy’s wants to build an office tower atop its Herald Square location. The retailer said in a statement on Monday that it would commit $235 million to help improve the Herald Square subway stations and to “transform Herald Square and Broadway Plaza into a modern, car-free pedestrian-friendly urban space for New Yorkers and visitors,” according to a website it created for the proposed project.
Persons: Biden, Doug Mills, , John Neuffer, Biden’s, , Macy’s, Joni Ratts, Jenna Schoenefeld, hadn’t, John F, Clari Nolet, Lori Price, Bankrate.com Organizations: Big Tech, Chip Manufacturing, Brands, Semiconductor, New York Times Semiconductor, Semiconductors, America Coalition, Intel, Nvidia, Qualcomm, Apple, Google, Amazon Web Services, Microsoft, Verizon, AT, , Semiconductor Industry Association, Ford Motor, American Automotive Policy Council, Motor & Equipment Manufacturers Association, United Automobile Workers, Herald, Broadway Plaza, Manhattan Community, Street, The New York Times, Internal Revenue Service, Social Security Locations: United States, U.S, Washington, America, New York, Macy’s
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