Joe Biden
The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May 17, 2021 in Washington, DC. Drew Angerer | Getty Images A new billionaire was created on average about every 30 hours during the Covid-19 pandemic, according to a new report by […]
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House Ethics Committee probes Rep. Madison Cawthorn for cryptocurrency promotion, relationship with staffer
Rep.-elect Madison Cawthorn, R-N.C., arrives for the House Republican leadership elections at the Hyatt Regency on Capitol Hill on Tuesday, November 17, 2020. Tom Williams | Cq-roll Call, Inc. | Getty Images The House Ethics Committee is investigating controversial Rep. Madison Cawthorn for his possibly improper promotion of a cryptocurrency in which he may have […]
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U.S. announces major Asia economic deal in effort to boost profile, counter China
U.S. President Joe Biden, pictured here on Thursday, April 21, 2022, has launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners. Yuri Gripas | Abaca | Bloomberg | Getty Images In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on […]
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‘The next era of humanity’s technological development’: U.S. and its Asian allies get serious about semiconductors
TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they’re finding it is semiconductors. A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea. “These little chips, only […]
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Biden in Japan to launch regional economic plan to counter Beijing
U.S. President Joe Biden is greeted by Japan’s Foreign Minister Yoshimasa Hayashi upon arrival in Yokota Air Base in Fussa, Tokyo prefecture on May 22, 2022. Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the program is announced that it will […]
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Another baby formula shipment from Europe to arrive in the U.S. on Wednesday
Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, May 10, 2022. Kaylee Greenlee Beal | Reuters FedEx Express has secured a government contract to bring another shipment of infant formula to the U.S. on Wednesday, NBC News reported. The Express plane will fly Nestlé baby formula from Ramstein […]
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Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
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Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests
U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022. Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for […]
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Ukraine rules out ceasefire and ceding territory; Moscow names 963 Americans banned from Russia
Russia’s only unit of Terminator tank support vehicles is believed to be in the Donbas: UK MoD The U.K.’s Ministry of Defence believes that Russia’s only operational company of BMP-T Terminator tank support vehicles has likely been deployed to Severodonetsk in Ukraine’s eastern Donbas, where Russian forces are heavily concentrating strikes to gain territory. The […]
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‘We’re sorry’ for U.S. baby formula shortage, Abbott CEO Ford says in Washington Post op-ed
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Abbott Laboratories CEO Robert Ford apologized Saturday in a new op-ed for his company’s role in a nationwide shortage of baby formula, which this week moved Congress and the Biden administration to take emergency actions to alleviate […]
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