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☆ On the Agenda for Australia’s State Visit: China, Trade and a U.S. Marine Band
▼ + stars: | 2023-10-24 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: +5 min

This week, Mr. Biden is steering American involvement in two overseas wars and monitoring the continuing calamity of a speakerless House of Representatives, and there is another government shutdown crisis looming next month. John F. Kirby, a White House spokesman, played down the idea that global crises could distract Mr. Biden from his visitor, or perhaps even keep him waiting. During Mr. Biden and Mr. Albanese’s time together, which includes a news conference scheduled for Wednesday afternoon, they are expected to emphasize their shared interests. Mr. Biden’s advisers say the administration is supportive of the meeting between Mr. Albanese and Mr. Xi. Mr. Biden and Mr. Albanese are also likely to touch on the dysfunction in Congress.

Persons: Biden, Anthony Albanese, John F, Kirby, Mr, “, ” Mr, ”, Jill Biden, ” Dr, Bruce Jones, Albanese’s, Donald J, Trump, Scott Morrison, Morrison, Albanese, Xi Jinping, Jones, Xi Organizations: Representatives, U.S . Marine, Army and Air Force, China, Center for East Asia Policy, Brookings Institution, East Locations: Australia, United States, Washington, China, Georgia, Britain, Papua New Guinea, Israel, ”, American, Hormuz

☆ Israel’s ground offensive in Gaza may not be a ‘full invasion,' says ex-U.S. ambassador
▼ + stars: | 2023-10-17 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

An Israeli tank at an undisclosed location on the border with the Gaza Strip on Oct. 15, 2023. Menahem Kahana | Afp | Getty ImagesIsrael's ground offensive into the Gaza Strip may not be a full scale invasion, but will likely unfold in phases, according to a former U.S. ambassador to Israel. Israel has been preparing for a ground operation into the Gaza Strip after amassing troops at the border last week. Despite Israel's constant air attacks on Gaza, Hamas has continued to fire rockets at Israeli cities — thanks to a labyrinth of elaborate tunnels and bunkers underneath the Gaza Strip. According to the Israeli Defense Forces, the sophisticated underground system holds electrical generators, intelligence rooms and supplies for Hamas' underground army.

Persons: Menahem Kahana, Daniel Kurtzer, Kurtzer, Daniel Abraham, There's, Ebrahim Raisi Organizations: Afp, Getty, Israel Defense Forces, Palestinian, CNBC, Middle East, Studies, Princeton University, Israeli Defense Forces, IDF, Israel Locations: Israeli, Gaza, U.S, Israel

☆ Israel's ground offensive in Gaza may happen 'in stages': Professor
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael's ground offensive in Gaza may happen 'in stages': Former U.S. ambassadorDaniel Kurtzer, S. Daniel Abraham Professor of Middle East Policy Studies at Princeton University and U.S. ambassador to Israel from 2001 to 2005, discusses Israel's impending ground offensive in the Gaza Strip and explains why it's "holding its cards very close."

Persons: Daniel Kurtzer, Daniel Abraham Organizations: Middle East, Studies, Princeton University, U.S Locations: Gaza, Former U.S, Israel

☆ Opinion: These GOP candidates are key to Zelensky’s fate
▼ + stars: | 2023-09-23 | by ( Jessica Chia | Opinion Lanhee J. Chen | ) edition.cnn.com time to read: +8 min

It’s no surprise, then, that three of the leading Republican presidential contenders — including former president Donald Trump, businessman Vivek Ramaswamy and Florida Gov. Ron DeSantis — have expressed skepticism or outright opposition to additional US funding for or involvement in the Ukraine war effort. Given these political headwinds, it’s perhaps more surprising that a number of GOP presidential candidates seeking to be the alternative to Trump, including former UN Ambassador and South Carolina Gov. It is ultimately the GOP presidential candidates who favor continued support for Ukraine who are in the best position to make the case to Republican voters. Less time has been spent on the campaign trail explaining to voters why support for Ukraine is crucial to our national interests.

Persons: J, Chen, David, Diane Steffy, Romney, Ryan, Volodymyr Zelensky, Biden, Lanhee J, Chen Lanhee J . Chen, Kevin McCarthy, —, Vladimir Putin’s, Xi Jinping, It’s, Donald Trump, Vivek Ramaswamy, Ron DeSantis —, Nikki Haley, Mike Pence, Chris Christie, Haley, Trump, Pence, Vladimir Putin, ” Christie, Putin ”, Christie, Zelensky — Organizations: CNN, Public Policy, Hoover Institution, California State, Republican, Democratic, Republicans, Russia, Ukraine, Florida Gov, Trump, UN, South Carolina Gov, New, New Jersey Gov, GOP, Republican Party, Senate Republican, Kyiv Locations: Washington, Ukraine, Europe, United States, America, China, Kyiv, Florida, New Jersey, New Hampshire, Congress

WASHINGTON (AP) — This probably wasn't how President Joe Biden envisioned his big foreign policy week ending. Biden on Thursday hosted Ukraine President Volodymyr Zelenskyy at the White House. "There’s no alternative.”Biden has stepped up his attacks on Trump's foreign policy record, casting the former president and his close Republican allies as lackeys for Russian President Vladimir Putin. White House national security adviser Jake Sullivan on Thursday said the U.S. has had and will continue to have “high-level” contact with New Delhi on the matter. White House press secretary Karine Jean-Pierre declined to comment Friday on the indictment.

Persons: Joe Biden, Biden, Donald Trump, Sen, Bob Menendez, Menendez, ”, Ross Baker, “, Volodymyr Zelenskyy, Zelenskyy, ” Biden, Vladimir Putin, Putin, I’ve, Hardeep Singh, Justin Trudeau, Jake Sullivan, Narendra Modi, Richard Rossow, Karine Jean, Pierre, hasn't, Nicolás Maduro's, Barack, Trump, John Feeley, Feeley, Joshua Goodman Organizations: WASHINGTON, General Assembly, Republican, Ukraine, Senate Foreign Relations, Senate Democratic, Rutgers University, White, Capitol, Republican Party, Trump, United States Congress, Vancouver . Canadian, Nijjar, House, Indian, U.S ., Center for Strategic, Independent Studies, Biden, Associated Press Locations: Canada, India, Ukraine, Russian, New Jersey, U.S, United States, Russia, New York City, Vancouver, Ottawa, New Delhi, China, Washington, Caracas, Iran, America, Havana, Nicaragua, Panama, Miami

☆ The pressure to land a stellar internship as a college student is so high. I've considered skipping class for interviews and spent hours applying to at least 36 internships.
▼ + stars: | 2023-09-21 | by ( Ilana Drake | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementMy peers proudly shared their spreadsheets filled with internship opportunities, the timelines to apply, and the statuses of their applications. Applying for a summer internship was time-consumingI started to apply in April, yet I felt that certain doors were already closed because of the timeline. I felt like I was working an unpaid part-time job to land a summer internship. During the application process, I participated in programs that prepped students for internship opportunities. I still see many of my peers searching for their 2024 summer internship.

Persons: I'd, I've, I'm Organizations: Vanderbilt, Service, Vanderbilt University, LinkedIn Locations: Wall, Silicon, Nashville , Tennessee

☆ Workers could lose bargaining power as labor market cools, says AEI's Michael Strain
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorkers could lose bargaining power as labor market cools, says AEI's Michael StrainMichael Strain, AEI director of economic policy studies & senior fellow, joins 'Fast Money' to talk the ongoing UAW strike, the momentum of labor movements, the impact strikes have on the economy and more.

Persons: Michael, Michael Strain Organizations: Email Workers, AEI, UAW

☆ Singapore’s birth rate is at a record low — but ‘throwing money’ at the problem won’t solve it
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mai Yo | Klaud9 | Getty ImagesSINGAPORE — Almost two decades ago, Loh and her husband made a decision not to have children. Singapore's birth rate hit a record low in 2022, after years of decline. "There is a sense of instability is dragging people further away from having children," Zheng told CNBC. Shrinking labor forceA declining birth rate, coupled with an aging population, will have repercussions on Singapore's labor force. "Having fewer children means you have a smaller workforce that can contribute to the economy.

Persons: Mai Yo, Loh, Jaya Dass, " Dass, Wen Wei Tan, EIU's Tan, Tan, Mu Zheng, Zheng, Tan Poh Lin, Lee, Carlina, Dass Organizations: Institute of Policy Studies, Getty, SINGAPORE, CNBC, Singapore Department of Statistics, Ranstad's, Women, Getty Images Government, Economist Intelligence Unit, EIU, National University of Singapore, Lee Kuan Yew, of Public Locations: Singapore, Jaya, Jaya Dass Asia, Pacific, Covid, Ranstad's Asia, —, New York City, Singapore's

But as the ramifications of Alabama Republican Sen. Tommy Tuberville’s freeze have grown, more of them are speaking out. Political Cartoons View All 1163 ImagesBut now even the Pentagon’s soon-to-be highest military leader is speaking out. It's not the first time general officer promotions have been frozen by a single senator. Six months into Tuberville's hold, 315 military officers are now affected, and the impact cuts deeper in some services. In the small and still growing U.S. Space Force, at least eight general officers’ nominations are on hold — but that’s one third of all of its 25 senior officers.

Persons: Alabama Republican Sen, Tommy Tuberville’s, they’ve, “ We’re, Mark Kelly, Kelly, he’s, Christopher Grady, Mark Milley, C.Q . Brown, can’t, Brown, ” Grady, Grady, there’s, Donald Trump’s, Biden, ”, Mark Harkins, ” Tuberville, Lloyd Austin, Tuberville, Larry Korb, It's, Democratic Sen, Tammy Duckworth, Trump, Alexander Vindman, Duckworth, Vindman, Chance Saltzman, we’re, Charles Flynn, Flynn, Kori Schake, “ It’s, ” Schake, Lisa Franchetti, Franchetti, —, hadn’t, ” Kelly, ” ___ Lita C, Baldor Organizations: WASHINGTON, —, Alabama Republican, ” Air Force, Air Combat Command, Uniformed, Chiefs, Air Force, Joint Chiefs, Air and Space Forces Association, Government Affairs Institute, Georgetown University, Biden, Pentagon, Defense Department, Center for American Progress, Democratic, . Space Force, Marine Corps, Space Force, Army, American Enterprise Institute, Senate Armed Services Committee, Embassy Locations: Alabama, Maryland, ”, Dobbs, Washington

Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

☆ Russia Repels Attack on Ship in Crimea: Live Ukraine War Updates
▼ + stars: | 2023-09-14 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: +9 min

News AnalysisA photograph released by North Korean state media showing President Vladimir V. Putin of Russia with the North Korean leader Kim Jong-un at the Vostochny Cosmodrome in Russia on Wednesday. The Korean War never officially ended after the guns fell silent in a cease-fire in 1953. North Korea, though isolated and impoverished, has prioritized a military buildup, with its propaganda machines urging constant vigilance against American invasion. Image At the border between North Korea and South Korea. “Trust is so low among Russia, North Korea and China that a real alliance of the three isn’t credible or sustainable.”

Persons: Vladimir V, Putin, Kim Jong, Matthew Miller, , Putin “ , Chang W, Lee, ”, Yang Uk, Yoon Suk Yeol, It’s, ” Mr, Yang, Michael Park, Kim, “, Siemon, Mr, Wezeman, Hong Min, Hong, David Guttenfelder, Leif, Eric Easley Organizations: North, North Korean, Vostochny, United Nations, State Department, New York Times, Asan Institute, Policy Studies, ” Artillery, ., The New York Times, Stockholm International Peace Research Institute, NATO, Korea Institute for National Unification, Russian, Mr, Ewha Womans University Locations: North Korean, Russia, . Washington, Moscow, South, United States, Ukraine, Russia’s, North Korea, Pyongyang, Washington, South Korea, Soviet, Syria, Iran, Korea, “, Seoul, Changwon, Stockholm, Sweden, North, , Zaporizhzhia, Komsomolsk, Vladivostok, China

☆ The overall trend does show us that inflation remains moderate, says American Progress' Emily Gee
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe overall trend does show us that inflation remains moderate, says American Progress' Emily GeeMichael Strain, director of economic policy studies at the American Enterprise Institute, and Emily Gee, senior vice president for Inclusive Growth at American Progress, join 'Squawk Box' to discuss the latest CPI data, how the current batch of summer strikes will impact CPI, and more.

Persons: Emily Gee Michael Strain, Emily Gee Organizations: American Enterprise Institute, Inclusive, Progress

☆ Kim Jong Un's latest alliance with Putin could make him a formidable force
▼ + stars: | 2023-09-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

North Korea's Kim Jong Un and Russia's Vladimir Putin are meeting in Vladivostok. But this time, it's Kim who has the upper hand, and many fear his new alliance with Putin will make him a formidable force. "If Russia pays in oil and food, it can revive the North Korea economy, which in turn could then also strengthen North Korea's weapons system. AdvertisementAdvertisementBut Putin, at this stage, likely sees challenging US influence in Asia, by bolstering North Korea, as a bigger priority. In the tumult that's resulted from the Ukraine war, Kim, a canny and ruthless player, could yet emerge as one of the big winners.

Persons: Kim Jong, Russia's Vladimir Putin, Putin, Kim, Kim Jong Un, Vladimir Putin, Donald Trump, it's Kim, Victor Cha, Ellen Kim, Sergei Shoigu, JUNG YEON, Yang, Sergey Radchenk, Henry, Kissinger Organizations: Service, North, New York Times, Analysts, CSIS, Russian, Korean, Getty, Asian Institute for Policy Studies, BBC, UN Security Council, Guardian, China, US Locations: Vladivostok, Ukraine, Wall, Silicon, North Korean, North Korea, Russia, Washington, Seoul, North, Asia

☆ Photos show Kim Jong Un celebrating the launch of North Korea's new 'nuclear attack' submarine wearing a dapper cream suit, a sun hat, and really a big smile
▼ + stars: | 2023-09-09 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

North Korean leader Kim Jong Un attended a celebration for a new 'nuclear attack' submarine on Friday. He watched the event and gave an address while wearing a cream suit, sun hat, and huge smile. North Korea state media reported that the submarine is meant to patrol the waters between Korea and Japan. Kim told event attendees that giving the North Korean Navy access to nuclear weapons was a priority. "Still, the design reflects Kim Jong Un's policy of increasing his nuclear force 'exponentially,'" Yang said.

Persons: Kim Jong Un, Kim, David Schmerler, James Martin, Schmerler, Joseph Dempsey, Yang Uk, Kim Jong, Yang Organizations: Service, North, North Korean Navy, James, James Martin Center, Nonproliferation Studies, Washington, Korean Central News Agency, Reuters, International Institute for Strategic Studies, BBC, Asian Institute for Policy Studies, New York Times Locations: Wall, Silicon, North Korea, Korea, Japan

☆ Europe has dodged Putin’s gas bullet. But it’s still thirsty for cheap energy
▼ + stars: | 2023-09-07 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

For Europe, energy security has always been a trade-off: Cheap, imported energy comes with the risk of dependency on the countries from which it originates. Europe had an especially mild winter while governments and citizens made a concerted effort to use less gas. Despite these efforts, officials and analysts are fearful that however impressive these advancements have been, Europe’s energy is far from secure in the long term. And when it comes to energy security, dependency ultimately brings us back to that classic trade-off: economics versus risk. China is not the only threat when it comes to energy security in Europe.

Persons: guzzled, Vladimir Putin, –, Sean Gallup, Koen van Weel, ”, Milan Elkerbout, Kevin Frayer, Ursula von der Leyen, Von der, Adam Bell, it’s, Ursula von der, Yves Herman, Velina Tchakarova, ” Tchakarova Organizations: CNN, Ukraine, European Union, EU, Getty, Center for European Policy Studies, China . Workers, China Locations: Ukraine, Europe, Russia, Moscow, European, Lubmin, Germany, Port, Rotterdam, Netherlands, Qatar, Nigeria, China, Huainan, Anhui province, Brussels, Beijing, Belgium, Taiwan, cyberattacks . China, Saudi Arabia, Khazakstan, Libya

☆ Mortgage rate tipping point: Homeowners say roughly 5% is the magic number to move
▼ + stars: | 2023-09-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Higher interest rates created a 'golden handcuff' effectSince it's unlikely rates will drop anytime soon, this has created a so-called golden handcuff effect. Similar to the financial incentives employers may offer to discourage employees from leaving a company, homeowners are now bound by their low mortgage rate. They don't want to move now and give up that low rate to buy at a higher rate. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. However, "mortgage rates weren't at record lows in the late 70s before they started to skyrocket in the early 80s, nor did home prices increase as rapidly," Channel said.

Persons: Nicole Bachaud, Bachaud, John Burns, Tomas Philipson, Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, he'd, Greg McBride, Jacob Channel Organizations: Finance, John Burns Research & Consulting, University of Chicago, White House Council, Economic Advisers, CNBC Locations: Mobile , Alabama, Tennessee, LendingTree

☆ Putin is desperate for North Korea's stockpile of weapons, but they're outdated and unreliable, say experts
▼ + stars: | 2023-09-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Russia's Vladimir Putin will host North Korea's Kim Jong Un in Vladivostok, reports say. But North Korea's shoddy weapons may not be effective, say analysts. Ben Wallace, the former UK defense secretary, meanwhile accused Putin of "begging" for outdated North Korean weapons in his desperation to secure new weapons supplies. But analysts believe that North Korea's weapons are in a shoddy state, and are unlikely to make a decisive impact in Ukraine. AdvertisementAdvertisement"Russia is looking to North Korea for a large quantity of conventional weapons rather than sophisticated ones," said Go.

Persons: Russia's Vladimir Putin, Kim Jong Un, Vladimir Putin, Putin, Kim, John Everard, Ben Wallace, meanwhile, Michael Kofman Organizations: Service, North, BBC, UN, Financial Times, Asan Institute, Policy Studies, Russia, CNA Locations: Vladivostok, Wall, Silicon, Russia, Ukraine, North Korea, Moscow, Iran, Korea, Korean, Yeonpyeong, US, Seoul

☆ Feel-good war on short flights misses the mark
▼ + stars: | 2023-09-04 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

REUTERS/Bryan Woolston Acquire Licensing RightsBRUSSELS, Sept 4 (Reuters Breakingviews) - Short flights within Europe are frequent flyers on wish lists of things to ban. But not all short flights are alike, and banning commercial hops makes less sense than targeting private jets. Limiting private jet travel would make a bigger difference, with fewer broad-based disruptions. Reuters GraphicsFollow @rebeccawire on XCONTEXT NEWSCountries such as France, Spain, Belgium and Germany have enacted or are considering measures to reduce or ban short flights. More than half of 2022 private jet travel was for distances of less than 750 km.

Persons: Bryan Woolston, Marjan, Davy, Stephen Furlong, George Hay, Oliver Taslic Organizations: Airbus, LaGuardia, REUTERS, Bryan Woolston Acquire, Rights, Reuters, Greenpeace, International Energy Agency, KLM, Institute for Policy Studies, Air, Brussels Airlines, European Commission . Aviation, Thomson Locations: New York City , New York, U.S, Rights BRUSSELS, Europe, Germany, Spain, France, Africa, Belgium

SEOUL, Aug 24 (Reuters) - North Korea appears to have made progress in its space program, despite a second rocket failure on Thursday, but its unusually quick launch pace may be causing problems, analysts said. North Korea's second attempt to place a spy satellite in orbit failed after the booster experienced a problem with its third stage, state media reported. South Korea scheduled nearly a year between each of the three launches of its new Nuri rocket, none of which failed as spectacularly as the North Korean attempts. North Korea plans to launch the Chollima-1 three times in less than six months. "I am not sure if North Korean leadership knows the characteristics of large-scale science," he said.

Persons: Jeffrey Lewis, James Martin, Chang Young, Kim Jong, Yang Uk, Nuri, Yang Moo, Kim, Lee Choon, Hyonhee Shin, hyang Choi, Josh Smith, Gerry Doyle Organizations: James, James Martin Center, Nonproliferation, Korea Aerospace University, Asan Institute, Policy Studies, University of North Korean Studies, South Korea's Science, Technology Policy Institute, Thomson Locations: SEOUL, North Korea, South Korea, Pyongyang, Seoul, Korea, Korean

☆ As recession fears fade, we may be experiencing a 'richcession' instead — here’s what that means for you
▼ + stars: | 2023-08-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"Although we are not in an overall recession yet, the demand for and wages of lower-income groups are outpacing higher-income groups." But there still aren't enough workers to fill open positions in the service industry and the unemployment rate remains near a 50-year low at just 3.5%. What a 'richcession' means for consumers"Recession is a loaded term," said Jacob Channel, senior economist at LendingTree. "White-collar jobs might not be as plentiful as they were last year, but they're still around." "On the contrary, most current data indicates that despite numerous headwinds, the broader economy is doing remarkably well, all things considered," he added.

Persons: Tomas Philipson, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, Digitalvision, Challenger

☆ Why so many Americans feel trapped in their homes by their low-rate mortgages
▼ + stars: | 2023-08-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Saul Loeb | AFP | Getty ImagesThe recent spike in mortgage rates has created a so-called golden handcuff effect. For homeowners, a low mortgage rate is similar. Nearly 82% of home shoppers said they felt "locked-in" by their existing low-rate mortgage, according to a recent survey by Realtor.com. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. Mortgage rates may not return to sub-3% levels again anytime soon — if ever.

Persons: Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, Tomas Philipson, Philipson, Saul Loeb, he'd, Zillow, Greg McBride, Sam Khater, Freddie Mac's, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, AFP, Getty, Jacob Channel Locations: Mobile , Alabama, Tennessee, Arlington , Virginia, Bankrate.com, LendingTree

☆ Sen. Ed Markey announces bill to raise taxes on private jets and their ultra-wealthy passengers
▼ + stars: | 2023-07-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Sen. Ed Markey on Wednesday announced legislation to raise taxes on jet fuel used by private planes. Private jet travel, which is the most polluting form of transport, has surged in recent years. The bill — called the Fueling Alternative Transportation with a Carbon Aviation Tax (FATCAT) Act — would raise federal taxes on private jet fuel from $0.22 to $1.95 per gallon. Private jet travel has surged in recent years. The surge in private jet travel raises serious environmental concerns.

Persons: Sen, Ed Markey, —, Markey, Chuck Collins Organizations: Wednesday, Massachusetts Democrat, Private, Service, Carbon Aviation, Institute for Policy Studies, Patriotic Millionaires, Federal Aviation, Senate Commerce, Science, Transportation, Communities Trust Fund, Treasury, NGO Transport, Environment Locations: Massachusetts

[1/2] Supporters of the ruling People's Action Party (PAP) wait for their candidates at a nomination center ahead of the general elections in Singapore September 1, 2015. Analysts said the events may not bode well for the PAP, which has ruled Singapore uninterrupted since 1959. "These events appear to have created some public speculation about the PAP's approach to privilege, restraint, and authority," said National University of Singapore political scientist Chong Ja Ian. Prime minister-in-waiting Lawrence Wong said the government would be forthcoming about the corruption case - even if the information was damaging or embarrassing. But political scientist Walid Jumblatt Abdullah at Nanyang Technological University said Lee had enough political goodwill to ride this out.

Persons: Edgar Su, bode, Lee Hsien, Singapore's, Lee Kuan Yew, Chong Ja Ian, Lee, Lawrence Wong, Iswaran, Chong, Lee's, Walid Jumblatt Abdullah, Gillian Koh, Walid, Wong, Xinghui Kok, Robert Birsel Organizations: Action Party, REUTERS, National University of Singapore, Transport, Nanyang Technological University, Institute of Policy, Thomson Locations: Singapore, SINGAPORE

SEOUL/TOKYO, July 12 (Reuters) - North Korea fired an intercontinental ballistic missile (ICBM) off its east coast on Wednesday, prompting U.S. condemnation, as well as from the leaders of South Korea and Japan who met on the sidelines of a NATO summit. The White House condemned the launch and said it would take all necessary measures to ensure its security and that of South Korea and Japan. South Korean President Yoon Suk Yeol, in Lithuania for the NATO summit, convened an emergency national security council meeting and vowed to use the summit to call for strong international solidarity to confront such threats. [1/3]Passengers wait for their train in front of a TV broadcasting a news report on North Korea firing a ballistic missile off its east coast, at a railway station in Seoul, South Korea, July 12, 2023. REUTERS/Kim Hong-JiThe top military generals of the United States, Japan and South Korea gathered for a rare trilateral meeting in Hawaii just before the missile launch.

Persons: Hirokazu Matsuno, Adam Hodge, Yoon Suk Yeol, Yoon, Fumio Kishida, Kishida, Kim Hong, Ji, Kim Dong, Yang, Leif, Eric Easley, Josh Smith, Soo, hyang Choi, Hyunsu Yim, Hyonhee, Rami Ayyub, David Brunnstrom, Elaine Lies, Tom Hogue, Lincoln, Raju Gopalakrishnan Organizations: NATO, House, National Security, REUTERS, University of North Korean Studies, Analysts, Reuters Graphics Reuters, Asan Institute, Policy Studies, Ewha Womans University, Thomson Locations: SEOUL, TOKYO, North Korea, South Korea, Japan, Korean, American, Pyongyang, Lithuania, Japanese, United States, Australia, New Zealand, Seoul, Hawaii, Japan's, U.S, Washington, Tokyo

☆ This millionaire is selling his private jet -- out of concern for the environment
▼ + stars: | 2023-07-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

Amid these concerns, one private jet owner has decided to scale back. In line with Prince’s thoughts, the Institute for Policy Studies report advocates for higher taxes on both private jet sales and fuel. They also call for the federal jet fuel tax to be doubled from $0.219 per gallon to $0.438 per gallon for the most frequent private jet users. We should have very high taxes, [usage] taxes and fuel taxes that discourage private jet owners.”Collins adds that the construction of private aviation infrastructure should stop altogether, as this form of transportation should be phased out. In April, Schiphol airport in Amsterdam announced it is considering banning private jets from its grounds altogether.

Persons: What’s, Stephen Prince, “ I’ve, It’s, I’m, ”, Joan Valls, Shutterstock There’s, he’s, who’s, “, it’s, ” Prince, we’re, George Rose, Elon, ” Chuck Collins, ” Collins, That’s, Collins Organizations: CNN, US Institute for Policy Studies, Federal Aviation Administration, Patriotic, Cessna, Prince, TSA, Institute for Policy Studies, “ Locations: Nebraska, Boston, Europe, France, Ireland, Schiphol, Amsterdam

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