Category: Biden
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Biden Steps Aside via Twitter
Joe drops out of the race. Can Kamala Harris take over Biden’s $96 million war chest? Expect a fight.
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Ban ESG?
https://www.reuters.com/business/sustainable-business/biden-vetoes-resolution-block-labor-dept-rule-esg-investing-2023-03-20/ This article discusses President Biden using his first veto to preserve a recent Labor Department rule regarding environmental, social, and governance (ESG) funds in 401(k) retirement plans. The Biden rule rolled back a Trump-era rule that effectively barred employers from considering ESG funds for 401(k)s. The Biden rule clarifies that employers can consider workers’…
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Gundlach’s 2024 Predictions
Jeffrey Gundlach discusses the most surprising things he observed in 2023. He was surprised by the continuation of the market’s momentum in consumer spending despite the high interest rates on credit cards. He also commented on the surprising drop in the commodity price complex, including the issue with the Mid-East oil and the slowing global…
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NVDIAS Chips for China are Illegal
The US government has recently placed restrictions on the sale of Nvidia chips made for the Chinese market, in an effort to prevent China from obtaining highly advanced semiconductor technology that could be used for military purposes. This move has affected both the 880 800 and top-tier chips, with the primary difference being the 880…
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Elon’s All-in
He talks about the progress of the Starship and the challenges of building a rocket twice the size of Falcon 9. He addresses the controversy around Starlink and Ukraine, explaining the reasons behind not turning on Starlink in Crimea. Musk also shares his perspective on the Biden administration and social media platforms, emphasizing the need…
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Deficit Spending
The U.S. government’s deficit is expected to reach $2 trillion this fiscal year, which is double last year’s deficit. Increased spending and decreased revenue, driven by higher interest rates, contribute to this significant deficit. This is concerning given the strong growth and low unemployment in the economy. Different media outlets point to factors such as…
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Getting ready for energy grid overload…
This video is a big ad for Avangrid, but it is useful in that it accurately describes the shortcomings of the USA energy sector and grid regardless of the proposed solutions. The CEO of Avangrid, Pedro Azagra, describes the state of the current grid, which consists of three distinct parts: the eastern part, the western…
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Kyle Bass
Kyle Bass, founder of Hayman Capital and one of the few to benefit from the 2008 mortgage crisis, warns of the concerning military capabilities of China and argues that American investors played a role in building their war machine. He points out that China now has more naval ships than the U.S. Navy and believes…
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Biden Broadband Initiative
The White House has unveiled how the government will divvy up $42bn among the US’s 50 states to expand access to high-speed broadband by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies. The $42bn in federal funding under the Broadband Equity, Access, and Deployment Program is based on a…