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☆ America’s Affordable Housing Crisis
▼ + stars: | 2024-03-27 | by ( Conor Dougherty | ) www.nytimes.com time to read: +1 min

The consensus reflects a major problem: Tens of millions of families, across red and blue states, struggle with rent and home prices. But action in Washington won’t make a huge difference. America’s affordable housing crisis is likely to be solved in cities and states. They tend to have fewer construction and environmental rules, which allows the housing supply to expand faster. But as rent and home prices climb beyond middle-income budgets in more places, states are racing to add housing.

Persons: Biden, Washington won’t, — Organizations: Congress, Republican, Democratic Locations: Washington, Spokane, Dallas, Phoenix

Chang said the Biden-Xi meeting was a “good” one, pointing to their agreement to resume high-level military communications. “It should help reduce the tensions between the U.S. and China, and it should increase stability of Taiwan Strait,” Chang said. Washington has a security pact with Taiwan to deter any armed attack from Beijing and has stepped up its support for the island. Xi sought assurances from Biden that the U.S. would not support Taiwan's independence and requested that Washington support China’s peaceful reunification with Taiwan. Sun Yun, director of the China program at the Washington-based Stimson Center think tank, said Washington won’t accept Beijing’s new demand to support peaceful reunification.

Persons: Joe Biden, China's Xi, Morris Chang, ” Chang, Chang, Biden, Xi, Nancy Pelosi, ” Biden, Sun Yun, Washington won’t, Sun, Tsai Ing, Tsai, Kamala Harris, Antony Blinken, Lael Brainard, Fumio Kishida Organizations: FRANCISCO, Taiwan Semiconductor Manufacturing Company, Asia Pacific Economic Cooperation, U.S, Washington, Stimson, APEC, Japanese Locations: Taiwan, Asia, Pacific, San Francisco, China, Taiwan Strait, Beijing, Washington, The U.S, U.S, “ China

☆ Brace for the Wind and Electric-Vehicle Bailouts
▼ + stars: | 2023-10-30 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark KellyFord assured investors last week that its generous deal with the United Auto Workers wouldn’t threaten its profitability. The same can’t be said of its electric vehicles, which lost $3.1 billion during the first nine months of this year. Those losses will doubtless grow, and anyone who thinks Washington won’t give auto makers another bailout should think again. Last week Munich-based Siemens Energy , one of the world’s top wind manufacturers, said the German government is prepared to extend as much as €16 billion (or $16.9 billion) in state guarantees to rescue it.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Ford, Washington Organizations: Reuters, United Auto Workers, Siemens Energy Locations: Munich

☆ TikTok and its CEO are fighting to save the app in the US
▼ + stars: | 2023-03-22 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +10 min

In his talk, Chew, the CEO of TikTok, said the social network would not provide US user data to the Chinese government and has never been asked to do so. Chew stressed the steps TikTok has taken to protect US user data. The Harvard event is just one of several media appearances Chew has made in recent weeks amid mounting scrutiny of TikTok and of himself. “It’s life or death for TikTok, from their perspective,” said Justin Sherman, the CEO of Global Cyber Strategies, D.C.-based research and advisory firm, who was among the researchers TikTok invited to be briefed on “Project Texas,” the company’s $1.5 billion initiative to address lawmakers’ security concerns. But for some lawmakers with security concerns, the latest push “may be too little too late.”In his TikTok video on Tuesday, Chew appealed directly to users of the app.

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