Government

France Pushes Back on EU Emissions Targets

The European Union is putting more pressure on the auto industry as of last week when the European Commission stated that it plans to require emissions to be reduced by 65% by 2030 and to be fully eliminated by 2035. This is an increase from previous requirements where emissions were expected to be reduced by 37.5% by 2030 and hybrids were expected to remain on the market for the remainder of the decade.

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Pentagon Cancels JEDI Contract: Is Amazon the New Frontrunner?

The Pentagon is reportedly canceling a $10 billion cloud computing contract that had been awarded to Microsoft over Amazon during the Trump administration. The Department of Defense released a statement on Tuesday stating that it is canceling the Joint Enterprise Defense Infrastructure contract that had been awarded a number of years ago to Microsoft. It will instead seek new solicitations for an updated Joint Warfighting Cloud Capability contract from Amazon and Microsoft. The JEDI contract would have resulted in Microsoft building a cloud storage system for sensitive military data and technology, such as artificial intelligence, for the Department of Defense and could have resulted in revenue of up to $10 billion over 10 years.

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Housing Crisis

01.25.21 - A new analysis from Mark Zandi, chief economist at Moody’s Analytics, and Jim Parrott, a fellow at the Urban Institute, shows that the average delinquent renter owes $5,600, being nearly four months or more behind on their monthly payment including utilities and late fees

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China Opens Anti-Trust Investigation Into Alibaba

12.28.20 - China has recently announced that it is launching an antitrust investigation into Alibaba as many countries around the world step up scrutiny of growing internet firms and tech giants

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FAA Chief In Hot Water

12.28.20 - A recent Labor Department ruling determined that Steve Dickson participated in efforts by Delta Air Lines to use a psychiatric evaluation to intimidate and silence a pilot who raised safety concerns over Delta’s practices before becoming head of the Federal Aviation Administration

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UK & EU Reach Agreement On Trade

12.28.20 - Britain and the European Union struck a hard-fought trade agreement on Thursday, finally formally ending a bitter divorce that had started in 2016 and setting the terms for what a post-Brexit future will look like

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Congress Passes Second Stimulus Package

12.21.20 - After days of tense negotiations and months of partisan stalemate, congressional leaders have recently announced that they have agreed on a deal that provides a $900 billion stimulus package to deliver relief for businesses and Americans throughout the country

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Opening Moves

12.14.20 - The rise of America’s tech giants has posed a unique challenge to regulators. The sheer speed in which today's tech giants went from mere “Dot-Com start-ups” in dorm rooms and garages to the top of the Fortune 500 is unprecedented. On top of this, Congress is facing a significant problem; they are just beginning to understand the businesses in which they’re attempting to regulate

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Congress Considers Delisting Chinese Companies

11.30.20 - A long-rumored move being contemplated in Washington that would have a far-reaching impact on China has been the consideration of locking out Chinese companies from western capital markets. Lawmakers next week are likely to force Chinese companies with shares traded on U.S. exchanges to fully comply with audit-oversight rules—or leave U.S. markets altogether

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HHS Strikes Deal with Walgreens & CVS

10.19.20 - The White House announced on Friday a deal with CVS Health and Walgreens to administer coronavirus vaccines to the elderly and staff in long-term care facilities

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Pentagon Isn't Breaking Up With Microsoft

09.07.20 - After much deliberation, Microsoft will continue to hold the $10 billion Pentagon JEDI Cloud contract awarded last October after being contested by Amazon. The contract is intended to modernize the Pentagon’s massive IT infrastructure and could be valued up to $10 billion for services rendered over as many as 10 years

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The Real Story Behind USPS' Financial Woes

08.24.20 - The US House of Representatives voted on Saturday to pass legislation for a bailout of the United States Postal Service, which has been posting huge losses for years – or at least on paper. In reality, the federal agency is bringing in billions of dollars in cash. Almost all of the Postal Services financial difficulties come from a unique, and somewhat utterly absurd, accounting system that no other business or government body follows or should follow and doesn't accurately reflect real costs

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SpaceX and ULA Win Billions In Pentagon Contracts

08.10.20 - Jeff Bezos’s Blue Origin, and Northrop Grumman lost out on billions in Pentagon rocket contracts to Elon Musk’s SpaceX, and ULA. The Airforce says it expects to spend at least $1 billion annually to launch rockets on missions vital to national security

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Trillions and Trillions of Dollars

07.27.20 - No longer an echo swirling around in the rumor mill, another Trillion Dollar+ booster shot is set to be injected into the US economy. The Senate is preparing to propose another Trillion Dollar coronavirus relief bill later today. Legislators are eager to reach consensus on a bill as Federal unemployment supplements end later this week

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China Faces Backlash

05.26.20 - It is increasing becoming likely that the US government will impose sanctions on China in the event Beijing follows through with a national security law that would give it a stronger hold over Hong Kong – the largely autonomous financial center off China’s coast

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Google Facing "Likely" Antitrust Charges

05.18.20 - Two insiders within the Justice Department have revealed the Departments intentions to pursue antitrust charges against Google, the multinational technology giant. The charges are said to be coming as early as this summer, making it one of the largest antitrust actions in the United States in history and certainly since the 90s

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$450 Billion in Loans for Main Street

04.20.20 - Lawmakers and the White House are close to reaching a deal on a $450 billion agreement that would replenish a program for small businesses impacted by the coronavirus and correlated shutdowns. Treasury Secretary Steven Mnuchin said on Sunday that he was hopeful that the two sides would soon reach a deal. House Majority Leader Steny Hoyer has given notice that members of the house may be voting as early as Wednesday

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Is The 2020 Census Secure

03.23.20 - Census day is right around the corner and technically you have no choice legally but to participate in the mandatory festivities. Thankfully, the Census Bureau promises it won’t be of any inconvenience this year as it’s 2020 and they’ve moved it online - instead of having to do it over the phone, through mail, or even worse, by having census takers just show up on your doorstep

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Tax Day Delay

03.23.20 - Those within the U.S. have an additional three months to file their federal taxes, as the US Treasury secretary announced the postponement amid the coronavirus outbreak

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Iran and Hackers, We're Not Worried

01.13.20 - Within the first week of 2020 WW3 was trending as a meme, indicative of how unphased Americans seem to be able to make light of pretty much everything. Our biggest frustration is that our social media feeds went from Baby Yoda memes to satire about a potential draft

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A Blowback For Democracy

01.06.20 - After HSBC was accused of working with mainland China to put an end to the pro-democracy protests in Hong Kong, the bank’s headquarters in the city experienced defacement to a pair of bronze lions outside of the building as multiple branches throughout the city were attacked

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