Biden Administration, to Highlight Successful Efforts, to Boost Trucking Industry.
NBC reports that President Joe Biden is expected
to highlight his administration's progress
in strengthening the United States' supply chains.
.
NBC reports that President Joe Biden is expected
to highlight his administration's progress
in strengthening the United States' supply chains.
.
Trucking moves 72 percent of goods
in America and is a lynchpin in
our goods movement supply chain, White House, Progress Report Preview, via NBC.
In December, the administration
unveiled a new plan to
bolster trucking employment.
In December, the administration
unveiled a new plan to
bolster trucking employment.
That plan resulted in three months
of the best hiring numbers for
trucking since the mid 90s.
.
According to NBC, Biden will discuss efforts to
expedite the process by which commercial driver's
licenses needed to operate trucks are issued.
.
According to NBC, Biden will discuss efforts to
expedite the process by which commercial driver's
licenses needed to operate trucks are issued.
.
The White House said that
over 876,000 commercial licenses
have been issued since January of 2021.
.
Trucking employment now reportedly
exceeds pre-pandemic levels
by approximately 35,000 jobs.
.
Trucking costs grew more than 20%
last year as a surge in demand for goods
caused by the pandemic confronted
a decline in trucking employment
that preceded the pandemic, White House, Progress Report Preview, via NBC.
President Joe Biden said the package “sends a message to the world about the power of American leadership” and that he would sign it into law on Wednesday.
Credit: euronews (in English) Duration: 01:00Published
The Senate has passed $95bn (ÂŁ76.2bn) in war aid to Ukraine, Israel and Taiwan after months of delays and rows - with Joe Biden set to sign the legislation.. Sky News
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Sabrina Impacciatore of 'The White Lotus' and Domhnall Gleeson from 'Star Wars: The Rise of Skywalker' have been cast in the new take on the beloved NBC Steve Carell-led comedy 'The Office.'
Credit: The Hollywood Reporter Duration: 01:08Published
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
The grants will bring solar energy
to over 900,000 households in both
low- and middle-income communities. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
NBC reports that solar power has gained
traction as a clean energy source that could
help reduce U.S. reliance on fossil fuels.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
49 of the new grants will be awarded at
the state level, six more will serve Native American
tribes and another five are multi-state awards.
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
Officials say that the latest environmental
announcements are part of an effort to energize
young voters ahead of his upcoming reelection campaign.
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda.
Credit: Wibbitz Top Stories Duration: 01:31Published
Olympic Break-Dancing , Is Making Its First Appearance , at the Paris Games.
NBC reports that break-dancing will
make its debut as an official Olympic
sport at the upcoming Paris Games.
Also known as breaking, the sport
features headspins, windmills, various
"freeze" moves and will be set to music.
According to the Paris Olympics, the sport is , "characterized by acrobatic movements, stylized
footwork and the key role played by the DJ and
the MC (master of ceremonies) during battles.".
The sport first made an appearance
at the 2018 Youth Olympics
in Buenos Aires, Argentina.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
The Paris Olympics breaking competition
will be split into two events on August 9
and 10 at La Concorde Urban Park.
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles.".
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles."
Credit: Wibbitz Top Stories Duration: 01:31Published
Carl Erskine, , 1950s Dodgers Pitcher, , Dead at 97.
NBC reports that the baseball legend
died at Community Hospital Anderson in Indiana.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
The right-handed pitcher had a career record of 122-78 with 981 strikeouts and an ERA of 4.00.
Erskine's best season came in 1953
when he led the National League
with a record of 20-6.
In 1954, Erskine had another
All-Star season, winning 18 games.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
For millions of fans, he was
a baseball hero. For his family
and thousands of Special Olympians,
Carl was someone who always
believed everything was possible. , Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC.
His legacy is one
of deep compassion
and encouragement
of the human spirit, Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.
On April 12, President Joe Biden said that over 277,000 borrowers in more than
40 states will have $7.4 billion in student
loan debt wiped out, 'The Hill' reports. .
To date, the Biden administration has canceled $153 billion in student loan debt. .
From day one of my administration,
I promised to fight to ensure higher
education is a ticket to the middle class,
not a barrier to opportunity. , President Joe Biden, via statement.
I will never stop working to cancel
student debt – no matter how
many times Republican elected
officials try to stop us, President Joe Biden, via statement.
'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping
"public service workers, those on IDR plans," .
people who've been defrauded by educational institutions and those with disabilities. .
Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .
The administration is tone deaf.
There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
We know that instead of doing its
job the administration focused
time, energy, and resources on
its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
And that has been frustrating, especially
since it has jeopardized the academic
journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
But what is absolutely maddening is
that the administration is STILL not
doing its job and instead focusing on
its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t
stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.
On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .
The Biden administration will
provide up to $6.6 billion in funding
via the CHIPS and Science Act.
The president said that the money
will “support the construction of
leading-edge semiconductor manufacturing facilities right here in the United States.” .
Funding would also go toward
training local workforces at the new facilities.
A year and a half ago, I toured
the site of TSMC’s first new
fab in Phoenix, Arizona, President Joe Biden, via statement.
TSMC’s renewed commitment
to the United States, and its
investment in Arizona.., President Joe Biden, via statement.
... represent a broader story for
semiconductor manufacturing that’s
made in America and with the strong
support of America’s leading technology firms
to build the products we rely on every day, President Joe Biden, via statement.
America's ability to produce its own microchips remains a key area of concern for Biden.
The CHIPS and Science Act, which was passed
with bipartisan support in 2022, is intended to
make the U.S. less dependent on foreign suppliers.
The White House has also made
agreements with Intel, GlobalFoundries
and Bae Systems, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Brussels, my love? explores the potential threat of Trump 2.0. What would happen if a NATO ally were attacked by Putin? Would Trump respond proportionately and in the interests of America's closest partners? Or would he take the view that he bore no responsibility to respond?
Credit: euronews (in English) Duration: 32:26Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
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