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Search resuls for: "Ronald Reagan's"


9 mentions found


☆ The US Navy backed the hunt for Titanic in part because the explorer who found it argued it would 'drive the Soviets crazy,' book reveals
  + stars: | 2022-12-26 | by ( Ryan Pickrell | ) www.businessinsider.com   time to read: +9 min
The hunt for the Titanic was cover for a secret Navy mission to investigate two submarine wrecks. It was also part of a psychological warfare game the US was playing with the Soviets, Ballard revealed in a 2021 book. But his most recognizable discovery was the British passenger ship Titanic that sank in the North Atlantic on April 15, 1912, ending more than 1,500 lives. "I wanted to do a bang-up job for the Navy, but I was also constantly thinking about how to find Titanic," Ballard wrote. "There it was, one of 29 boilers that had created steam for Titanic's engines," Ballard wrote in his book.
☆ Op-ed: U.S. manufacturing needs federal funding to protect national security, spur innovation boom
  + stars: | 2022-12-20 | by ( Sen. Marco Rubio | R-Fla. | Rep. Ro Khanna | ) www.cnbc.com   time to read: +4 min
The lawmakers are co-sponsors of the National Development Strategy and Coordination Act. That's why we've joined forces to jumpstart a national project to restore American manufacturing leadership. This committee would be charged with developing a National Development Strategy, recommending investments to improve national security, strengthen domestic manufacturing, create good-paying jobs and develop new technologies. Second, our proposal — the National Development Strategy and Coordination Act — would give this committee the authority to direct the Department of Treasury's Federal Financing Bank to achieve its goals. This would bring overdue strategic coordination to our federal loan system and inject much-needed long-term capital into critical industries.
☆ Former Trump national security advisor John Bolton says he is considering 2024 presidential bid
  + stars: | 2022-12-05 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +5 min
John Bolton, who was former President Donald Trump's national security advisor for more than a year, said Monday he is "absolutely" considering launching a 2024 presidential bid — in large part to challenge Trump. Bolton called on GOP leaders to denounce Trump, who is currently the only Republican to announce his candidacy for the 2024 presidential election. Nearly all GOP voters "disagree that Donald Trump is more important than the Constitution," Bolton said. The former national security advisor said his possible presidential platform might be "very Reaganesque." He added that he believes the 2024 presidential field will be "very crowded," and that he might make a decision on whether to run "earlier than some would think."
☆ Inside the marriage of Elaine Chao and Mitch McConnell, a political power couple who met later in life
  + stars: | 2022-11-18 | by ( Shana Lebowitz | Talia Lakritz | ) www.businessinsider.com   time to read: +1 min
Senator Mitch McConnell and former Transportation Secretary Elaine Chao are a GOP power couple. Chao has starred in campaign ads defending McConnell's record on women's issues. In November, McConnell voted against protections for interracial marriages despite his own. Loading Something is loading. Thanks for signing up!
☆ Premarket stocks: Ronald Reagan's tax lesson for Britain
  + stars: | 2022-09-27 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Citibank analysts called the decision a “huge, unfunded gamble for the UK economy.” Markets dropped precipitously on the news. But much like Truss, Reagan argued that massive tax cuts and deregulation would stimulate productivity and he championed a sweeping tax cut that was passed by Congress that year. According to US Treasury estimates, Reagan’s tax cuts reduced federal revenues by about 9% in the first couple of years. A lesson from history: “When tax cuts are really too big to be sustainable, they’re often followed by tax increases,” wrote David Wessel, director of The Hutchins Center on Fiscal and Monetary Policy. The US dollar appreciated during the Reagan tax cuts because it benefits from global reserve currency status.
☆ What it's like working for lawmakers whose golden years are clouded by power struggles, rumors of senility, and constant second-guessing
  + stars: | 2022-09-13 | by ( Warren Rojas | ) www.businessinsider.com   time to read: +25 min
Doug Heye, a Republican strategist, told Insider that some political maneuvering is more tactical. Emanuel, now the US's ambassador to Japan, didn't refute that the exchange took place but told Insider he didn't remember it. It serves the institution," the former GOP aide told Insider, adding that seasoned dealmakers are preferable to partisan bomb-throwers "with some agenda that they're driving." Paul Morigi/Getty ImagesWhite, now the executive director of the Mississippi Department of Transportation, told Insider his boss always had the final word. 'Preserving their dignity'Convincing career lawmakers to hang it up before they tarnish their respective legacies is tricky business, a veteran GOP leadership aide told Insider.
☆ An obscure law could jeopardize profits for startups racing to get in on the first legal magic-mushroom market in the US
  + stars: | 2022-05-20 | by ( Yeji Jesse Lee | ) www.businessinsider.com   time to read: +5 min
A tax rule will make it difficult for psychedelics companies to generate profits in Oregon. Because cannabis and psilocybin are federally illegal, 280E affects businesses even in areas where the substances are locally legal. According to Harris Bricken, an international law firm, psilocybin businesses in Oregon could face challenges like those that cannabis companies faced. "There's still a pretty big cloud around how to successfully manage a 280E tax liability," he said. Getty ImagesIt's still unclear which companies in Oregon 280E would directly affect.
☆ Why it's crucial for lawmakers to protect and empower unions as union popularity rises across the US
  + stars: | 2022-02-19 | by ( Paul Constant | ) www.businessinsider.com   time to read: +5 min
Despite growing public support for unions, Constant says union power has weakened in recent decades. Now is the time for Congress to protect union rights by passing pro-union laws at the federal level. Only about one in 10 American workers belongs to a labor union. How union power has been undermined across the countryThe past four decades have seen attacks on union power at almost every level of government. Presidents that followed Reagan — Republican and Democrat alike — either continued his push to erode union power or simply failed to shore up union power.
☆ Inside the marriage of Elaine Chao and Mitch McConnell, a political power couple who met later in life and got married on Ronald Reagan's birthday
  + stars: | 2018-03-20 | by ( Shana Lebowitz | Talia Lakritz | ) www.businessinsider.com   time to read: +1 min
Mitch McConnell and former Transportation Secretary Elaine Chao are a political power couple. They met through mutual friends and wed at the chapel of the US Capitol in 1993. Loading Something is loading. Thanks for signing up! Thanks for signing up!
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