Category: United States Politics and Government

Biden Devotes $36 Billion to Save Union Workers’ Pensions

The New York Times – Business:
The money comes from last year’s Covid-19 relief package and will avert cuts of up to 60 percent in pensions for 350,000 Teamster truck drivers, warehouse and construction workers and food processors.
Yellen is First Female Treasury Secretary With Signature on U.S. Dollar

The New York Times – Business:
Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
Global Car Supply Chains Entangled With Abuses in Xinjiang, Report Says

The New York Times – Business:
A new report on the auto industry cites extensive links to Xinjiang, where the U.S. government now presumes goods are made with forced labor.
‘Innovation Hubs’ Aim to Lift Distressed Areas. Congress Just Has to Fund Them.

The New York Times – Business:
A new report suggests where 20 newly created research centers could best revitalize struggling economies and accelerate new technologies
Elon Musk and Matt Taibbi Set Off Debate Over Release of Twitter Files

The New York Times – Business:
A release of internal documents from Twitter set off intense debates in the intersecting worlds of media, politics and tech.
Defamation Suit Against Fox Grows More Contentious

The New York Times – Business:
Lachlan Murdoch is set to be deposed on Monday, the latest in a flurry of activity in the high-stakes case.
Inside Biden’s State Dinner: Hot Dog Talk and a Party That Lasted Until 1 A.M.

The New York Times – Fashion & Style:
At one point, the bartenders ran out of glassware, depriving some invitees of social lubricant after years spent in a pandemic.
Biden Loves the Jobs Report, but the Fed Likely Does Not

The New York Times – Business:
The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
Chinese Solar Makers Evaded U.S. Tariffs, Investigation Finds

The New York Times – Business:
The Biden administration pre-emptively halted any penalties from the case in June, prompting critics to say the administration had shortcut its own trade rules
With Senate Vote, Congress Moves to Avert Rail Strike

The New York Times – Business:
Bipartisan coalitions in the House and Senate pushed through a bill that would impose an agreement between rail companies and their workers.
Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds

The New York Times – Business:
Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
What to Know About Biden’s and Congress’s Involvement in the Rail Strike

The New York Times – Business:
President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.