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☆ Trump's defense policy pick once called for the US to destroy TSMC if China takes Taiwan
▼ + stars: | 2024-12-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Colby made the same point in 2023, saying the US should never allow TSMC to fall into Chinese hands. President-elect Donald Trump's pick for undersecretary of defense policy once called for the destruction of Taiwan Semiconductor Manufacturing Company's chip plants if China takes over Taiwan. Advertisement"If China attacks Taiwan, Taiwan itself and US should not allow TSMC to fall intact into PRC hands," former senior Pentagon official Elbridge Colby wrote in an X post in May 2023. TSMC, Colby wrote, needs to be included in the US' semiconductor sanctions against China in the event Taiwan surrenders. "Disabling or destroying TSMC is table stakes if China is taking over Taiwan," Colby wrote on February 24.

Persons: Donald Trump, Elbridge Colby, Colby, TSMC, Donald Trump's, Trump, Gina Raimondo, Joe Biden, Biden, Joe Rogan Organizations: Taiwan Semiconductor Manufacturing, Pentagon, Trump, America First, Harvard, Yale Law, China, Apple, Nvidia, Semiconductor Industry Association, America Act, Huawei, Naura Technology Group, Semiconductor Manufacturing International Corporation Locations: China, Taiwan

☆ Economy faces 'some potential storms' in 2025, Moody's chief economist says
▼ + stars: | 2024-12-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Mark Zandi, chief economist of Moody's Analytics, testifies during the Senate Budget Committee hearing titled "The Default on America Act: Blackmail, Brinkmanship, and Billionaire Backroom Deals," in Dirksen Building on Thursday, May 4, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe economy is doing "exceptionally well" as President-elect Donald Trump gets ready to enter the White House, according to Moody's Analytics chief economist Mark Zandi. "The economy can weather a lot of storms," Zandi said. But, he added, "I do think there are some potential storms coming" next year under the new administration. Immigration policy, tariffs could affect economy

Persons: Mark Zandi, Tom Williams, Donald Trump, Zandi Organizations: Senate, Billionaire, Cq, Inc, Getty, Analytics, Consumer Federation, Gross

☆ Ron Insana: China's stock rally won't last because its economic problems run too deep
▼ + stars: | 2024-09-26 | by ( Ron Insana | ) www.cnbc.com time to read: +5 min

China's stock market has recently rebounded on the promise of further economic and market stimulus. The measures include cuts to a variety of interest rates , as well as support for China's flagging real estate sector . China's stimulus efforts The Shanghai Composite has rallied sharply in the aftermath of those moves but remains about 50% below its all-time high of nearly 6,000, last seen in 2007. These moves have failed to boost growth or lead to a durable and sustainable stock market rally. The U.S. stock market accounted for roughly 60% of global stock market valuation in 2023.

Persons: David Tepper, Let's, Ron Insana Organizations: Bank, Atlanta, Apple, Microsoft, Nvidia, Amazon, European Union, U.S . Energy, Administration, The, U.S, Olympus, CNBC Locations: United States, China, It's, Shanghai, U.S, Beijing, Europe, Canada, European, The U.S, Russia, Iran, North Korea

☆ Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
▼ + stars: | 2024-09-12 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

The company is turning to Commerce Secretary Gina Raimondo for help. In a recent meeting with Raimondo, Intel CEO Pat Gelsinger voiced frustration over the heavy reliance that U.S. companies have on Taiwan Semiconductor Manufacturing , the world's largest contract chipmaker. Intel is currently building out plants in four U.S. states as it seeks to become more of a foundry business, manufacturing chips for other suppliers. It's an increasingly important initiative for Intel, which is getting trounced in the market for microprocessors. Concerns have been rising for years that China could invade Taiwan, creating a massive risk for the U.S. chip industry.

Persons: Gina Raimondo, Joe Biden, Raimondo, Pat Gelsinger, chipmaker, Biden, It's, David Zinsner, Zinsner, Jensen Huang, Goldman Sachs, Huang, David Solomon Organizations: Semiconductors, America, White, Intel, U.S, Taiwan Semiconductor Manufacturing, Nvidia, Apple, CNBC disbursements, Devices, U.S . Commerce Department, AMD, Google, Broadcom Locations: U.S, Taiwan, Arizona, China

☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

☆ What is Canada Day and how is it celebrated? The answer is more complicated than some might think
▼ + stars: | 2024-07-01 | by ( Karla Cripps | ) edition.cnn.com time to read: +7 min

Meanwhile, the July 1 holiday to commemorate Canada’s Confederation became official in 1879, and was originally called Dominion Day. The late Queen Elizabeth II, seen here joining the Canada Day celebrations in Ottawa in 1997, visited Canada 22 times during her reign. Some early Dominion Day celebrations featured a ‘Dominion Salute’ of one gun for each province. Cole Burston/Getty ImagesIt wasn’t until 1982 that Dominion Day officially became Canada Day. For more information on the event, visit the official Canada Day website.

Persons: Matthew Hayday, don’t, ”, Hill, Mark Horton, Forrest, –, ’ ”, Queen Elizabeth II, Carlo Allegri, “, King, Cole Burston, Hayday Organizations: CNN, Canada, Canadian Forces, Department, Ontario’s Guelph University, Royal Canadian Air Force, Independence, Canada’s, Dominion, British North America, United Province of, “, Archives, Toronto Globe, Globe, Ottawa, of Canada, National Capital Locations: Canada, Vancouver, Toronto, Charlottetown, Ottawa, British, United Province, United Province of Canada, Ontario, Quebec, Brunswick, Nova Scotia, Independence, AFP, Canadian, United States, Union, “, American, ”, LeBreton

☆ China is still years behind the U.S. despite Huawei's breakthrough chips, Raimondo tells '60 Minutes'
▼ + stars: | 2024-04-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Commerce Secretary Gina Raimondo on Sunday downplayed Huawei Technologies' latest microchip breakthrough, arguing the U.S. remains far ahead of China in the critical technology. The comments, made on CBS News' "60 Minutes," are in line with the Commerce secretary's stance that the Biden administration's restrictions on chip sales to China are working, despite an advanced made-in-China chip surfacing in a Huawei phone last year. The phone launched while Raimondo was on a visit to China. "I have their attention, clearly," she said, adding the U.S. would continue to pursue actions to protect U.S. national security and businesses. According to a senior Commerce Department official, Huawei's chipmaking partner SMIC "potentially" violated U.S. law by providing an advanced chip to the Chinese phone maker.

Persons: Gina Raimondo, Joe Biden, We've, Raimondo, Huawei's, SMIC Organizations: Semiconductors, America, White, Huawei Technologies, CBS, Commerce, Biden, Huawei, U.S ., Commerce Department Locations: WASHINGTON, DC, Washington , DC, U.S, China, United States, U.S . U.S

☆ A 'deeply misguided' political belief is weakening the economy, says Secretary of Commerce Gina Raimondo
▼ + stars: | 2024-04-18 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

"Child care is core to enabling women to work," she said. She explained that if she stayed in her career, her entire post-tax pay would have gone to child care, and all of the child care providers in her area were waitlisted. I didn't really go through this, so how many people are really thinking child care is an issue? "If you want a strong economy, women have to participate and in order for that to happen, we need strong child care," she said. Raimondo noted that half of Americans live in a "child care desert," with not enough services available at a cost that is affordable.

Persons: Gina Raimondo, Joe Biden, Raimondo, —, CNBC's Sara Eisen, Jessica Chang, Chang, CNBC's Julia Boorstin, We've, it's Organizations: Semiconductors, America, White, Capitol, U.S, Samsung, CNBC's, Changemakers, U.S . Army, CNBC Changemakers, Boston Consulting Group, U.S . Chamber of Commerce, Commerce Department Locations: WASHINGTON, DC, Washington ,, Rhode, U.S, Texas, Korean, New York City, Korea

CNN —House conservatives revolted against GOP leadership and defeated a FISA rule vote on the floor Wednesday, the latest blow to Speaker Mike Johnson that comes after former President Donald Trump called on Republicans to kill the bill. “KILL FISA,” Trump wrote on his social media platform Truth Social. Johnson told members at a closed-door conference meeting Wednesday morning that he spoke with Trump Tuesday night. But, according to members, Johnson told them they didn’t discuss FISA. In his call to “kill FISA,” Trump wrote on Truth Social, “IT WAS ILLEGALLY USED AGAINST ME, AND MANY OTHERS.

Persons: Mike Johnson, Donald Trump, Trump, “, ” Trump, Johnson, Matt Gaetz, Anna Paulina Luna, Tim Burchett, ”, Marjorie Taylor Greene, surveil Trump, Carter Page, ” Johnson, ” CNN’s Lauren Fox Organizations: CNN, GOP, FISA, Republicans, Foreign Intelligence, Reforming Intelligence, Republican, Florida GOP, Tennessee GOP, Trump, The Georgia Republican, Authority, National Defense, FBI, House Republicans, Truth Locations: Louisiana, Florida, Trump’s

☆ Wait, is America actually banning TikTok now?
▼ + stars: | 2024-03-08 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Washington CNN —House lawmakers are moving with dizzying speed with a plan that could ban TikTok from the United States. But could a TikTok ban really happen? A man walks past the headquarters of ByteDance, the parent company of video sharing app TikTok, in Beijing. They allege TikTok poses a national security threat because the Chinese government could use its intelligence laws against ByteDance, forcing it to hand over the data of US TikTok users. By that precedent, it would be unconstitutional for the government to ban TikTok even if it were blatantly a direct mouthpiece for the Chinese government, Jaffer said.

Persons: Joe Biden, Greg Baker, Biden, —, “, ” TikTok, Donald Trump, Trump, ByteDance, Mark Zuckerberg, TikTok, Mike Gallagher, Gallagher, ” Biden, Joint Base Andrews, it’s, Washington Sen, Maria Cantwell, ” Cantwell, ”, Jenna Leventoff, Ken White, Brown White, Osborn, White, It’s, Jameel Jaffer, Jaffer Organizations: Washington CNN —, White, Biden —, Apple, Google, House Energy, Commerce, Trump, Facebook, Republican, Biden, Wisconsin Republican, Joint Base, Senate, CNN, American Civil Liberties Union, Columbia University Locations: United States, China, ByteDance, Beijing, AFP, Iran, Russia, North Korea, Washington

☆ Here’s the real reason why right-wing media figures are targeting Taylor Swift and Travis Kelce
▼ + stars: | 2024-01-31 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

From a bird’s eye view, the state of affairs among MAGA Media diehards as it sits today is remarkable. In fact, right-wing media stars have far more power over the GOP’s direction than most of its actual leaders, like Mitch McConnell. The right-wing media kingdom thrives when Democrats are in office and there are political opponents whom they can demonize. That’s not to say the right-wing media machine holds no power. And polling indicates that a good chunk of the country has bought some of the nonsense MAGA Media has been relentlessly selling.

Persons: MAGA Media diehards, Bud Light, Taylor Swift, Swift, Travis, Charlie Warzel, “ They’ve, they’re, ” Warzel, Evan Siegfried, Mitch McConnell, Don’t, Kevin McCarthy, Donald Trump, That’s, MAGA, Alyssa Farah Griffin, “, ” Organizations: New York CNN — Conservatives, MAGA Media, Disney, Pfizer, Major League Baseball, Fox, Fox News, GOP, Republican Party, Republicans, Media, Trump White House Locations: New York

☆ Was Peace Ever Possible?
▼ + stars: | 2023-11-20 | by ( Moderated Emily Bazelon | A Discussion Moderated Emily Bazelon | ) www.nytimes.com time to read: +45 min

This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.

Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, —, Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, “, ” Rabin, ” Arafat, ”, Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah

☆ With actors poised to join film and TV writers on strike, Hollywood insiders lay out the dream and nightmare scenarios: 'There's going to be no cash flow'
▼ + stars: | 2023-07-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

For the first time since 1960, Hollywood actors and writers could be on strike at the same time. If the actors union, SAG-AFTRA, hits the picket lines, it would cause an even deeper disruption to the entertainment industry. Stakes were high enough with the writers' strike. The movement is having a moment, as has been evidenced by other unions — from teachers to truck drivers — joining Hollywood writers on the picket line. A combined writers' and actors' strike "could well go into the end of the year," Handel said.

Persons: Jonathan Handel, that's, Handel, —, AFTRA, it's, Paul Hardart, Bob Iger, Peter Chernin —, Fox —, Iger, Alan Bergman, Dana Walden, I've, he'd, Hardart Organizations: Hollywood, Guild of, SAG, WGA, Alliance, Producers, Netflix, Disney, Guild of America, Entertainment, Media, Technology, NYU's Stern School of Business, News Corp, Disney Entertainment, United Locations: California, Hollywood, United States

PARIS, June 5 (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an investment of 7.5 billion euros that chipmakers STMicroelectronics and GlobalFoundries (GFS.O) are making to build a semiconductor factory in Crolles, southeastern France. The 2.9 billion euros are part of the 5.5 billion euros package France has set aside for its investments in the microchip sector by 2030, he added. On April 28, STMicroelectronics and GlobalFoundries secured EU approval to build the Crolles chip factory with French state aid. France overall aims to create 10,000 new jobs in the semiconductor sector by 2030. ($1 = 0.9352 euros)Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Le Maire, GlobalFoundries, Dominique Vidalon, Sudip Kar, Benoit Van Overstraeten Organizations: Finance, European Union, EU, America, Thomson Locations: France, Crolles, United States, U.S

Congress is sparring again over raising the debt ceiling, and time is running out to avoid a default. Here's what the debt ceiling is and why it's so dangerous for the US economy. If that sounds familiar, you already know a fair deal about the "debt ceiling." The debt ceiling was introduced in 1917 to encourage the government to slow its borrowing. McCarthy and his GOP colleagues have been adamant that any debt ceiling raise should be tied to their own priorities, particularly in the form of spending cuts.

☆ House lawmakers could have as few as 12 working days to raise the debt ceiling before Americans experience an economically catastrophic default
▼ + stars: | 2023-05-04 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The US could run out of money as soon as June 1, according to Treasury Secretary Janet Yellen. That leaves Congress with as few as 12 working days to act and avert economic crisis. If Congress does not raise the debt ceiling by then, the country will enter default, which would be unprecedented and economically catastrophic. The White House Council of Economic Advisers estimates that a short default would lead to the GDP shrinking by 0.6% and the country shedding half a million jobs. Even with the White House raising the alarm on the consequences of a default, some GOP lawmakers aren't too worried about Yellen's June 1 deadline.

☆ Americans could be on track for a stream of job losses, big cuts to retirement savings, and a surge in student-loan payments in less than a month. It's completely preventable.
▼ + stars: | 2023-05-02 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

That could all be avoided if Congress passes a bill to raise the debt ceiling this month. Republicans see the debt ceiling as a tool for making wide-ranging spending cuts, a long-held GOP priority. Moody's Analytics recently found that McCarthy's plan to raise the debt ceiling attached to spending cuts could cost the country 780,000 jobs. "President Biden invited the four leaders to the White House to discuss the urgency of preventing default," a White House official said in a statement to Insider. But Democratic Sen. Jon Tester told CNN that it would be a "big mistake" for the White House to reach a deal with Republicans that include spending cuts.

☆ Chuck Schumer wants to publicly eviscerate Republicans' debt ceiling bill, which he says has 'no hope of ever becoming law'
▼ + stars: | 2023-05-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

Senate Majority Leader Chuck Schumer pushed back on House Republicans' debt ceiling legislation. Democrats have pointed to the potential economic negative impact that the GOP's plan could have, even if it prevents a technical debt default. But more back and forth over how to raise the debt ceiling means the country is steadily creeping towards an unprecedented economic catastrophe. "As Democrats have been saying for months, the real solution is bipartisan support for a clean bill to increase the debt limit and avoid default," Schumer wrote. "Speaker McCarthy and the MAGA House Republicans have moved the process backwards through their far-right ransom note.

☆ House GOP gave 'a ransom note' on spending cuts -Jeffries
▼ + stars: | 2023-04-28 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsHouse GOP gave 'a ransom note' on spending cuts -JeffriesPosted"President Biden has produced the budget, House Republicans produced a ransom note. That is what the Default on America Act is, and that is wildly irresponsible," House Minority Leader Hakeem Jeffries told reporters on Friday. His comments came days after House Speaker Kevin McCarthy pushed through a bill with $4.8 trillion of spending cuts in hopes of jumpstarting talks with Democratic President Joe Biden on lifting the U.S. debt limit.

“See, this is the great part,” Mr. McCarthy told reporters who questioned how — if he could barely get his colleagues to elect him — he would ever be able to govern his slim and unruly House Republican majority. Mr. McCarthy is set as early as Wednesday to bring to the floor his proposal to lift the debt ceiling for a year in exchange for spending cuts and policy changes. That includes soliciting “yes” votes from right-wing members who have never before voted to increase the debt ceiling and take pride in that fact. But after late-night wrangling on Tuesday, Mr. McCarthy appeared to have acquiesced at least in part, moving up the imposition of stricter requirements by a year, to 2024. “The last five votes, you’re standing there begging,” Mr. Gingrich said he has told Mr. McCarthy of his own experience with tough bills.

☆ Defeat for many culture war 'extremists' who tried to take control of school boards and lost to liberal, union-backed candidates
▼ + stars: | 2023-04-22 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

But many right-wing candidates lost their school board elections in Illinois and Wisconsin. A group of conservative candidates in Barrington, a northwest suburb of Chicago, endorsed by 1776 PAC, Moms For America Action, and Awake Illinois, also lost their race for the school board, Politico reports. JB Pritzker, the Democratic governor of Illinois, said, "Fortunately, the voters saw through the hidden extremists who were running for school board." In the Wisconsin school board elections, which took place earlier this month, Politico reports that GOP-backed candidates in the city of Wauwatosa largely lost to candidates backed by teaching unions. Kim Anderson, executive director of the National Education Association labor union, told Politico that, "Where culture war issues were being waged by some school board candidates, those issues fell flat with voters."

The size of subsidies under the EU Chips Act, which aims to tempt the world's top chipmakers to build factories in the bloc and double its share of global output to 20% by 2030, lags the $52 billion CHIPS for America Act. Taiwan accounts for more than 60% of global chip production and concerns are growing about heightened tensions between Taipei and Beijing. But Europe's relatively modest subsidies could put a brake on its ambition, said Richard Windsor of research company Radio Free Mobile. GOOD STARTThe EU Chips Act is a good start given the EU has little choice but to join the subsidy race, but the bloc should play to its chipmaking strengths, said Christopher Cytera, research fellow at the Centre for European Policy Analysis. Catching up on the chips race is more than just building factories and the Chips Act acknowledges this with its focus on developing skilled labour for the future, said Anielle Guedes, senior research analyst at IDC Technologies.

☆ EU takes on United States, Asia with chip subsidy plan
▼ + stars: | 2023-04-18 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, April 18 (Reuters) - The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch up with the United States and Asia and start a green industrial revolution. The EU Chips Act, proposed by the European Commission last year and confirmed by Internal Market Commissioner Thierry Breton, aims to double the bloc's share of global chip output to 20% by 2030 and follows the U.S. CHIPS for America Act. "We need chips to power digital and green transitions or healthcare systems," Commission Vice-President Margrethe Vestager said in a tweet. Since the announcement of its chips subsidies plan last year, the EU has already attracted more than 100 billion euros in public and private investments, an EU official said. While the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have widened the scope to cover the whole value chain, including older chips and research and design facilities.

☆ Exclusive: EU Chips Act likely to get green light on April 18 -sources
▼ + stars: | 2023-04-05 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

The European Commission announced the Chips Act last year in a bid to cut EU reliance on U.S. and Asian semiconductors following global supply chain problems that hurt European businesses from carmakers to manufacturers. EU countries and lawmakers will meet at the European Parliament's monthly session in Strasbourg on April 18 to negotiate details of funding for the Act and will likely clinch a deal, the people said. Providing funding to the entire value chain also addresses complaints from the smaller EU countries about being left out after Intel (INTC.O), attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex. Franco-Italian company STMicroelectronics has also teamed up with GlobalFoundries (GFS.O) to build a 6.7 billion euro chip factory in France, drawing on funding from the government. ($1 = 0.9163 euros)Reporting by Foo Yun Chee; Editing by Jan Harvey, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Vicepreşedintele Atlantic Council: România şi flancul estic al NATO sunt frontiera libertăţii noastre
▼ + stars: | 2020-10-08 | by ( ) tvrmoldova.md time to read: +7 min

Vicepreşedintele Atlantic Council a subliniat că vor exista “abordări diferite în tonalitate” în funcţie de cine va câştiga alegerile prezidenţiale din 3 noiembrie, însă că Statele Unite se vor îndepărta în continuare de politica de “jandarm al lumii”. Aţi auzit destul de constant de la vicepreşedintele Biden dorinţa de a relua şi de a ridica rolul alianţelor şi parteneriatelor americane. Damon Wilson a afirmat însă că această regândire presupune şi un nou tip de unitate transatlantică pentru a interacţiona cu o Rusie agresivă şi o Chină în ascensiune, o unitate care trebuie să adaugă laolaltă “societăţile libere”. “Statele Unite înţeleg că acesta nu este trecutul. (…) Ne-ar plăcea să vedem o Uniune Europeană care să poată acţiona mai decisiv asupra problemelor” globale, a recunoscut el.

Persons: Donald Trump, Joe Biden, Damon Wilson, Nicolae Ciucă, Biden, Trump, Obama, Wilson Organizations: Albă, NATO, Atlantic Council, Washington DC, Uniunea Europeană Locations: SUA, România, Mării Negre, Statele Unite – Europa, Washington, Bucureşti, preşedinte, Statele Unite, America, America de Nord, Europa, Rusia, China, Atlantic, izolaţionism, Rece, Regatul Unit, Asia, Australia, Japonia, Coreea de Sud, India, China comunistă

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