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☆ Biden touts 'fixed' student loan forgiveness programs in State of the Union. Here's what he meant
▼ + stars: | 2024-03-08 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Income-driven repayment plansIncome-driven repayment plans, which date to 1994, set borrowers' monthly payments based on a share of their discretionary income. "The loan servicers weren't keeping track of the number of qualifying payments," Kantrowitz said in a previous CNBC interview. watch nowThe Biden administration has been evaluating millions of borrowers' loan accounts to see if they should have had their debt forgiven. Most people with federal student loans qualify for income-driven repayment plans, and can review the options and apply at Studentaid.gov. Public Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.

Persons: Joe Biden, Shawn Thew, Mark Kantrowitz, Kantrowitz, Biden, George W, Bush Organizations: Chamber, Afp, Getty, CNBC, Education Department, Valuable Education, Public, Consumer Financial Locations: Washington ,

☆ CNBC Daily Open: U.S. CEOs now more optimistic about economy
▼ + stars: | 2024-03-08 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. SEA smartphone market boomingResearch showed Southeast Asia's smartphone market is booming so far this year, while China's remained weak. [PRO] Goldman Sachs upside picksGoldman Sachs highlighted the recent rally has pushed the share of market cap in stocks with "extremely high valuations" to levels seen during the "euphoria of 2021." The bank remains bullish and picked stocks with over 30% upside potential in 2024, based on its latest price targets.

Persons: Dow, Jerome Powell, Powell didn't, Joe Biden, Donald Trump, China's, Goldman Sachs Organizations: CNBC, Japan's Nikkei, CSI, Nasdaq, Investors, Senate Banking, Fed, Union, SEA, Research Locations: Asia

☆ Biden knows Israel's war in Gaza is a problem for him — and he's changing his strategy to address it
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." One month ago, Biden described Israel's conduct in Gaza as "over the top." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling.

Persons: —, Joe Biden, Biden, We're, he's, Benjamin Netanyahu, Israel, Bibi, Jesus ’, ”, KCgpbx4awf — Sawyer Hackett, Pramila Organizations: Service, State, Business, Biden, Democratic, Capitol Locations: Gaza, Israel, @SawyerHackett, Washington, State

☆ Biden just delivered a State of the Union unlike anything we've seen before
▼ + stars: | 2024-03-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

President Joe Biden delivered the most political State of the Union in recent memory. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPresident Joe Biden delivered a State of the Union unlike any in recent memory. When Republicans in the House chamber pushed back at times, Biden welcomed their jeers and boos. "That may be the Angriest, Least Compassionate, and Worst State of the Union Speech ever made," he wrote on Truth, his social-media platform.

Persons: Joe Biden, Donald Trump, It's, Biden, —, Mike Johnson, unsparing, Trump, Sen, Mike Lee, Vladimir Putin, hadn't, Putin Organizations: Union, Service, Trump, House, State, Utah Republican, NATO Locations: China, Utah, Russia

☆ Biden proposes $10,000 tax breaks for first-time homebuyers, 'starter home' sellers
▼ + stars: | 2024-03-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Cavan Images | Cavan | Getty ImagesPresident Joe Biden has floated plans to address the country's affordable housing issues, including new tax breaks for first-time homebuyers and "starter home" sellers. "If inflation keeps coming down, mortgage rates will come down as well. Interest rates still near 'multidecade highs'With soaring home prices and mortgage interest rates, 2023 was the least affordable year for homebuyers in more than a decade, according to a report from Redfin. "We're close to multidecade highs for mortgage rates," said Keith Gumbinger, vice president of mortgage website HSH. watch nowThere's a 'housing supply crisis'Of course, higher mortgage interest rates are only one piece of the country's affordable housing puzzle.

Persons: Joe Biden, Biden, I'm, Keith Gumbinger, it's, Janneke Ratcliffe Organizations: Getty, White, Chamber, U.S, Capitol, Washington , D.C, homebuyers, Housing Finance, Center, Urban Institute, Urban Locations: Cavan, seller's, Washington ,, Redfin

☆ Address Showed Biden Seeking Tricky Balance on Immigration
▼ + stars: | 2024-03-08 | by ( Hamed Aleaziz | ) www.nytimes.com time to read: +1 min

Confronting the fraught politics of immigration, President Biden wants to focus attention on the decision by Republicans in Congress, egged on by former President Donald J. Trump, to block a bipartisan deal that would provide an infusion of money for border security and allow the president to close off the border to asylum seekers. On the defensive, Republicans have escalated their longstanding effort to tie migrants to heinous crimes. Both strategies were on full display on Thursday night as Mr. Biden delivered his State of the Union address. The dynamic has Mr. Biden, who heading into the general election campaign has signaled a harder line on immigration, walking a careful path, as his clash with Republicans on Thursday night demonstrated. He at once promised to bring back “order” at the border while also vowing not to assail migrants in the manner of Mr. Trump and his allies.

Persons: Biden, Donald J, Trump, Laken Riley Organizations: Republicans Locations: Georgia, Venezuelan

☆ Biden is changing his Israel-Gaza strategy
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. "We're not waiting on the Israelis," a senior Biden administration official told reporters as they previewed the plan on Thursday, ahead of Biden's speech. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling. "I say this as a lifelong supporter of Israel, my entire career," said Biden.

☆ Biden takes on Trump as he brings reelection pitch to Pennsylvania in his first post-SOTU speech
▼ + stars: | 2024-03-08 | by ( Michael Williams | ) edition.cnn.com time to read: +4 min

“Donald Trump with the MAGA Republicans are trying to take away our freedoms,” Biden told the crowd on Friday. “He thinks Putin is a strong — basically, he’s a decent guy,” Biden said of Trump. “Orbán of Hungary, who stated flatly he doesn’t think democracy works — he’s looking for dictatorship.”“That’s who he’s meeting with,” Biden added. Toward the beginning of his speech, Biden referenced the raucous exchange he had the previous night with GOP Rep. Marjorie Taylor Greene. “If you’re tired, you probably watched my address last night,” Biden told the crowd.

Persons: Joe Biden, Biden, “ Donald Trump, MAGA, ” Biden, “ That’s, lambasting, Wade, Vladimir Putin, “, Putin, Trump, Viktor Orbán, ” “, Marjorie Taylor Greene, ”, Laken Riley, Greene, flub, Donald Trump, —, Riley, he’s, Benjamin Netanyahu, he’d, GOP Sen, Katie Britt’s, ” CNN’s Donald Judd, MJ Lee Organizations: Washington CNN, Union, MAGA Republicans, NATO, Mar, GOP, Georgia Republican, Chamber, Pennsylvania, Israeli Locations: Pennsylvania, Philadelphia, Roe, Mar, Hungary, night’s, “, Gaza

☆ More Tuned In for State of the Union Than Last Year
▼ + stars: | 2024-03-08 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

But plenty tuned in to see what he was offering. The live viewership for Mr. Biden’s speech will probably exceed last year’s television audience of 27.3 million, according to early figures released by Nielsen on Friday. Preliminary numbers show that roughly 28 million people watched on major cable and broadcast networks — a number that will probably grow once smaller channels are included. The 66-minute-long appearance is likely to end up as the second-most-watched of Mr. Biden’s speeches to Congress. His first, in 2021, attracted 26.9 million viewers, and about 38.2 million watched in 2022, days after the Russian invasion of Ukraine.

Persons: Biden, Nielsen Locations: Ukraine

Credit Credit... The focus was a sign of how political the president’s address had been — and how central Mr. Trump is to Mr. Biden’s own political future. Video transcript Back bars 0:00 / 0:56 - 0:00 transcript In its decision to overturn Roe v. Wade, the Supreme Court majority wrote the following. Image Mr. Biden spoke at times in what seemed a near-shout during his State of the Union address. The morning of the State of Union began with an ad from Mr. Trump’s super PAC questioning if Mr. Biden would live to 2029.

Persons: Biden, Donald Trump, Trump, Biden’s, ’ —, Troy Nehls, Kenny Holston, —, Vladimir V, Putin, ”, Mr, Marjorie Taylor Greene, Doug Mills, heckles, Greene, “, Laken Riley, — Laken Riley, legals —, ’ Mr, Kate Cox, Latorya Beasley, Jill Biden, Roe, Wade, We’ll, we’ll, ” Roe, I’ve, chuckles, I’m, We’ve, we’ve, Nancy, Donald Trump Jr Organizations: Union, Capitol, Mr, New York Times, Republican, Credit, Associated, New York, Republicans, Democratic, Alabama, State of Union, Trump’s Locations: Wilmington, Russia, Europe, Russian, China, Georgia, Venezuelan, Texas, Alabama, America

☆ Takeaways from Joe Biden’s State of the Union address
▼ + stars: | 2024-03-07 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

Washington CNN —President Joe Biden delivered a raucous third State of the Union address, one that could be among the most important speeches he gives during his presidency as he turns toward reelection. The result was the most raucous State of the Union in years, with the House chamber brimming with election year frission. President Joe Biden holds a "Say her name Laken Riley" button while delivering the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on March 7. So it was unavoidable that Biden would face the issue during his State of the Union, whether he wanted to or not. And Israel’s war against Hamas in Gaza, prompted by the terror attacks of October 7, has generated a humanitarian crisis that is dividing Biden’s political coalition.

Persons: Joe Biden, Donald Trump, Biden, Trump, Chip Somodevilla, –, Marjorie Taylor Greene, Laken Riley, Laken Riley ”, Saul Loeb, David, “, ” Biden, ”, it’s, Joe Biden's, Kent Nishimura, he’s, there’s, That’s Organizations: Washington CNN, Union, Trump Biden, Trump, NATO, Getty, Republicans, Social Security, Rep, Georgia Republican, Chamber, Biden, White, Jewish Voice, Capitol Locations: Thursday’s State, Russia, Washington ,, Ukraine, Gaza, Israel, Washington , DC

☆ Biden electrifies Democrats, spars with Republicans in fiery State of the Union address
▼ + stars: | 2024-03-07 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

A spirited President Joe Biden delivered a fiery, partisan State of the Union address on Thursday, fit for an election year with enormously high stakes in a divided nation. "Not since President Lincoln and the Civil War have freedom and democracy been under assault here at home as they are today," Biden said early in the speech. "What makes our moment rare is that freedom and democracy are under attack, both at home and overseas, at the very same time," he said. "Overseas, [President Vladimir] Putin of Russia is on the march, invading Ukraine and sowing chaos throughout Europe and beyond. "My message to President Putin is simple.

Persons: Joe Biden, Lincoln, Biden, Vladimir, Putin, Ulf Kristersson, Lady Jill Biden Organizations: NATO Locations: Russia, Ukraine, Europe, Swedish

☆ Biden called for protecting Social Security, Medicare in last year’s State of the Union. Now advocates hope for action
▼ + stars: | 2024-03-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

His bill — Social Security 2100 Act — would include a 2% across-the-board benefit increase, as well as more generous benefits for low-income seniors, and other enhancements. Those benefit boosts would be paid for by making it so earnings over $400,000 are subject to Social Security payroll taxes. Larson's Social Security proposal currently has almost 200 House co-sponsors, with companion legislation in the Senate. watch now"The fact that there hasn't been votes on something as critically important to 70 million Americans as Social Security is … why isn't there a vote?" At the time, there was a question as to whether to focus on Social Security instead.

Persons: Joe Biden, John Larson, Conn, Drew Angerer, hasn't, Larson, Barack Obama, — Larson, Elizabeth Warren, Bernie Sanders Organizations: Capitol, Getty, Democratic, Social, Security, Social Security, CNBC, D.C, Affordable, Republicans Locations: Washington, Larson's, U.S, Sens

☆ Opinion | We’re Not Asking the Most Important Questions About Age
▼ + stars: | 2024-03-06 | by ( James Chappel | ) www.nytimes.com time to read: +2 min

After President Biden delivers his third State of the Union address on Thursday, much of the analysis will focus on the apparent signs of the president’s age. Questions like these certainly matter, but they are not the only ones we should be asking about age and aging right now. In a way, the persistent debate about Mr. Biden’s age represents a mass delusion that we are still a nation of the young. Such a nation, we might think, ought to be led by someone young, or at least young at heart. The age of the American president has gone up and down over time, but the age of the American public has not: We get older as a nation every year.

Persons: Biden, spry, plucky strivers, it’s Locations: America, plucky

The 2024 presidential election is looking to be a Trump vs. Biden rematch. Our reporter debunks six common misconceptions surrounding the two candidates on topics like policy positions and personal backgrounds.

Persons: Biden Organizations: Trump

Frank Bruni, a contributing Opinion writer, hosted a written online conversation with the politics writers Joe Klein and Olivia Nuzzi to discuss the state of the likely Biden-Trump race, this week’s State of the Union address and the state of possible third-party threats. Frank Bruni: Olivia, Joe, I’m so psyched to be doing this with two journalists I so hugely admire. What, really, are the chances that something happens today, or tomorrow, or when President Biden delivers his State of the Union remarks on Thursday, that translates into either him or Donald Trump not being on the November ballot? And which of those two would be more likely not to be? Olivia Nuzzi: Aside from biblical intervention, I don’t think anything could possibly happen this week, in the primaries or at the State of the Union address that would dramatically shift the conversation.

Persons: Frank Bruni, Joe Klein, Olivia Nuzzi, Olivia, Joe, —, Biden, Donald Trump Organizations: Biden, Trump, State Locations: week’s State

☆ 'Uncommitted' Voters Rebuke Biden Over Israel in Michigan Primary
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden may have handily won the Michigan Democratic primary on Tuesday, but the results came with a significant warning sign for his continued support for Israel. Thousands of voters cast "uncommitted" ballots on Tuesday, opting to essentially leave their ballots blank rather than vote for Biden or his long-shot primary challenger, Rep. Dean Phillips of Minnesota. It's largely the result of the "Listen to Michigan" campaign, an effort to get voters to withhold support for Biden until Israel enacts a permanent cease-fire in Gaza. Ahead of the Tuesday primary, officials with the Biden campaign had pointed out that around 20,000 voters have opted to select "uncommitted" in recent presidential primary elections — though the circumstances have varied. "Uncommitted" accounted for less than 2% of the vote in recent competitive primaries, including 19,106 uncommitted voters in 2020, and 21,601 in 2016.

Persons: —, Joe Biden, Biden, Dean Phillips, It's, Layla Elabed, Rashida Tlaib, Tlaib, Elabed, it's, Donald Trump, Abbas Alawieh, Barack Obama, Obama, Hillary Clinton Organizations: Service, Michigan Democratic, Israel, Dean Phillips of, Business, Biden, Democratic Rep, Democratic, Michigan Democrats, Trump, Democratic Party Locations: Dean Phillips of Minnesota, Michigan, Israel, Gaza, Dearborn, Detroit

☆ Over 100,000 voters rejected Biden and chose 'uncommitted' in Michigan. Here's how that stacks up against recent Democratic primaries.
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewOver 100,000 Michigan voters marked "uncommitted" on their ballots in Tuesday's Democratic primary. AdvertisementTo put Tuesday's results into perspective, it's worth considering recent Democratic primaries in the state. 2012: As President Barack Obama sought reelection, 20,833 voters chose "uncommitted," accounting for 10.7% of the vote. Officials with the Biden campaign have pointed toward this result, given that it's the last time a Democratic president faced an uncompetitive reelection. 2008: The "uncommitted" vote share was far higher this year — 238,168 votes, or 40% overall — because Obama did not appear on the ballot amid a competitive race against Hillary Clinton.

Persons: —, Joe Biden's, Marianne Williamson, Dean Phillips, Biden, Israel —, Donald Trump's, Barack Obama, uncommitted, Obama, Hillary Clinton, it's, Layla Elabed —, Rashida Tlaib — Organizations: Service, Democratic, Dean Phillips of Minnesota, Biden, Israel, Business, Democratic National Committee, Nevada and, Trump, Clinton, Democratic National Convention, Michigan Locations: Michigan, Nevada, Nevada and South Carolina, Clinton . Michigan, Israel, Chicago, Dearborn, Gaza

☆ Biden gets annual physical, with fitness for office top election issue
▼ + stars: | 2024-02-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden departs the White House in Washington, D.C., for the Walter Reed National Military Medical Center for his routine annual physical on Feb. 28, 2024. President Joe Biden arrived at Walter Reed National Military Medical Center Wednesday morning for his annual physical, with a formal summary of his results expected later in the afternoon. After last year's physical, White House physician Dr. Kevin O'Connor said that Biden "remains a healthy, vigorous, 80-year-old male, who is fit to successfully execute the duties of the Presidency." Despite their closeness in age, polls show voters are less concerned about Trump's fitness than Biden's. Biden angrily pushed back on that report, acknowledging his age but declaring, "I know what the hell I'm doing."

Persons: Joe Biden, Donald Trump, Kevin O'Connor, Biden Organizations: Washington , D.C, Walter Reed National Military Medical Center, Walter Reed National Military Medical, Justice Locations: Washington ,

☆ Biden and Trump win Michigan primaries
▼ + stars: | 2024-02-27 | by ( Eric Bradner | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden and former President Donald Trump won their respective parties’ primaries in Michigan on Tuesday. “We demand President Biden to take action now – bring a permanent ceasefire,” said Layla Elabed, the campaign manager for the group. The Michigan primary was moved up near the front of the Democratic presidential nominating calendar this year. Biden defeated Trump in Michigan by about 150,000 votes four years later. After Democrats, who control the state Legislature and the governor’s office, moved the Michigan primary to February 27 despite the Republican opposition, the RNC and Michigan GOP came up with the hybrid model.

Persons: Joe Biden, Donald Trump, Biden, Trump’s, Nikki Haley’s, “, ”, Rashida Tlaib, Andy Levin, Vermont Sen, Bernie Sanders ’, Sanders, Layla Elabed, ” Biden, ” Elabed, It’s, Gretchen Whitmer, you’ve, Trump, —, Pete Hoekstra, Kristina Karamo, Hoekstra, CNN’s Arit John, Dianne Gallagher, Jeff Zeleny Organizations: CNN, Democratic, South Carolina Gov, Muslim, Michigan Rep, America, Trump, Michigan, White House, Biden, Israel, Michigan —, United Auto Workers, UAW, Michigan GOP, Michigan Republicans, Republican, Committee, RNC Locations: Michigan, Gaza, Vermont, Iowa, New Hampshire, Dearborn, United States, Palestinian American, — demoting Iowa, South Carolina, Nevada, Netherlands, Grand Rapids, Detroit

☆ Trump, Biden aim to cement dominance in Michigan's presidential primary: Here's what to know
▼ + stars: | 2024-02-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A resident votes at an early voting site on February 17, 2024 in Marshall, Michigan. In-person early voting was made available to Michigan resident for the first time today. Republican ex-President Donald Trump and Democratic President Joe Biden on Tuesday expect to notch decisive victories in Michigan's primary elections that will bolster their campaigns heading into Super Tuesday next week. The state's Democratic leaders rescheduled the primary election to take place earlier in the year, in hopes of giving it a greater impact on the presidential race. Early voting ran for nine days, from Feb. 17 through Sunday.

Persons: Donald Trump, Joe Biden, Nikki Haley, Haley, Dean Phillips, Biden, Phillips, Rashida Tlaib, Trump Organizations: Republican, Democratic, Super, United, Trump, Dean Phillips of, Rep, Biden Locations: Marshall , Michigan, Michigan, United Nations, South Carolina, Dean Phillips of Minnesota, New Hampshire, Gaza

☆ A new Biden is on display and he’s trying to be a problem-solver
▼ + stars: | 2024-02-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —Who is this new Joe Biden we’re seeing, just in time for election season? He’s getting directly involved in government funding, calling congressional leaders down to the White House to negotiate in front of a crackling fire. Talking about a ceasefireFacing a protest vote from pro-Palestinian Democrats in Michigan in Tuesday’s primary, Biden was sharing some optimism on the Middle East. “My hope is by next Monday, we’ll have a ceasefire,” Biden said, a massive cone of mint chip halfway to his mouth. The Democratic divide on the Middle East is a growing political issue at home for Biden.

Persons: Joe Biden we’re, Donald Trump’s, He’s, Biden, we’ll, ” Biden, Seth Meyers, uncommitted ”, Trump President Joe Biden, ”, Trump, “, Melania, Mercedes, Kamala Harris, Mike Johnson, Johnson, Joe Biden, Evan Vucci, Meyers, He’ll, Jennifer Agiesta, there’s, Barak Ravid, Axios, Wolf Blitzer, Ravid, ” Ravid, “ I’m, Joe Biden’s, Alabas, –, ” Farhat, CNN’s Boris Sanchez, Melanie Zanona Organizations: CNN, Palestinian Democrats, Democratic, Biden, Arab, voters, Michigan, Trump President, Republican, Gallup, Republicans, Democrats, White, Capitol, Trump Locations: New York, Michigan, Manhattan, Israel, Ukraine, Brownsville , Texas, Eagle, , Texas, Gaza, Arab

☆ Opinion: In the Michigan primary, Biden shouldn’t fear Rashida Tlaib’s threats
▼ + stars: | 2024-02-27 | by ( Opinion John Halpin | ) edition.cnn.com time to read: +8 min

John Halpin Courtesy John HalpinProgressive activists have decided to use this interlude to attack Biden for his centrist positions on immigration, energy policy and the Israel-Hamas war, in particular. Like the senators from his birth state, Biden should ignore these threats from the left and stand up strongly for his vital center perspective. Looking at Michigan specifically, the threat of Arab Americans tanking Biden must also be put in wider perspective. Even with these larger trends in the state, the authors find: “In Dearborn, Dearborn Heights, Hamtramck, and Livonia — the Michigan cities with the highest proportion of Arab American voters — Biden defeated Trump by a combined 38,000 or so votes. Democratic support for more moderate proposals backed by Biden is even higher: Three-quarters of Democrats support a plan to increase the number of immigration judges to speed up action on asylum claims.

Persons: John Halpin, “, Joe Biden, Donald Trump, Biden, Rashida, uncommitted, Democratic Sens, John Fetterman, Bob Casey, Zers, tanking Biden, Karlyn Bowman, Nate Moore, Ruy Teixeira, Obama, —, Mark Mellman, ”, Mellman Organizations: Liberal Patriot, CNN, Democratic, Democrats, Gallup, Pew Research, — Biden, Trump, Survey Center, American Enterprise Institute, Pew, Twitter, Facebook Locations: Michigan, Israel, Gaza, Tuesday’s, Pennsylvania, Black, Dearborn, Dearborn Heights, Hamtramck, Livonia —, Biden’s

☆ Biden Targets a New Economic Villain: Shrinkflation
▼ + stars: | 2024-02-26 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

“I’ve had enough of what they call shrinkflation,” Mr. Biden declared. The video lit up social media and delighted a consumer advocate named Edgar Dworsky, who has studied “shrinkflation” trends for more than a decade. He has twice briefed Mr. Biden’s economic aides, first in early 2023 and again a few days before the video aired. The second clearly informed Mr. Biden’s new favorite economic argument — that companies have used a rapid run-up in prices to pad their pockets by keeping those prices high while giving consumers less. The products arrayed in the president’s video, like Oreos and Wheat Thins, were all examples of the shrinkflation that Mr. Dworsky had documented on his Consumer World website.

Persons: Biden, “ I’ve, Mr, Edgar Dworsky, Biden’s, Dworsky Organizations: Super, Sunday

☆ Hard Lessons Make for Hard Choices 2 Years Into the War in Ukraine
▼ + stars: | 2024-02-24 | by ( Steven Erlanger | David E. Sanger | ) www.nytimes.com time to read: +1 min

Two years after Russia’s invasion of Ukraine, the United States has the capacity to keep Kyiv supplied with the weapons, technology and intelligence to fend off a takeover by Moscow. But Washington is now perceived around Europe to have lost its will. That is the essence of the conundrum facing Ukraine and the NATO allies on the dismal second anniversary of the war. The sanctions that were supposed to bring Russia’s economy to its knees — “the ruble almost is immediately reduced to rubble,” President Biden declared in Warsaw in March 2022 — have lost their sting. Income from oil exports is greater than it was before the invasion.

Persons: Russia’s, Biden, — Organizations: Kyiv, NATO Locations: Ukraine, United States, Moscow, Washington, Europe, Warsaw, Russian

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