Biden 30 points

Share to Twitter Share to Linkedin Topline A White House economic adviser, Heather Boushey, on Tuesday said she is “optimistic” the U.S. economy will not fall into a recession, joining a chorus of Biden Administration officials who pushed back against the contention that an economic downturn is inevitable. Key Facts Speaking at an event hosted by the Washington Post , Boushey said she believes there will not be a scenario “that will lead to the kinds of scarring of American families that we really don't want to see.” Boushey pointed to the country’s low unemployment rate, strong household balance sheets, and robustness in the face of the pandemic as the reasons behind her optimism. In an interview on Sunday, President Joe Biden insisted a recession was not “inevitable,” also pointing to the country’s low unemployment numbers as he urged people to not simply believe “a warning” about an impending downturn. The president also … [Read more...] about Here’s Why Biden Administration Officials Think A Recession Can Be Avoided

Share to Twitter Share to Linkedin 6/2/22—The article was updated with information about when President Joe Biden became aware of the severity of the baby formula shortage. There are several basic best practices businesses, organizations and governments should follow to manage crisis situations strategically, effectively and efficiently. The Biden White House has a mixed track record when its responses are measured against several of those standards. The administration’s mistakes and successes provide important lessons for business leaders when they have to respond to a crisis at their company. Be Informed Officials should be promptly informed about new problems and issues and the impact they may have. On June 1, President Joe Biden said “he was not personally aware of the severity of the infant formula shortage until early April, months into the shutdown of a manufacturing plant operated by Abbott Nutrition and subsequent recall of its … [Read more...] about The Biden Administration’s Mixed Track Record Managing Ongoing Baby Formula Crisis

Reuters Washington, United States   ● Thu, June 23, 2022 2022-06-23 13:55 0 e16ff64e7ecc29b417414912232da0e8 2 Europe G7,China,Joe-Biden,Indonesia,Jokowi,Recep-Tayyip-Erdogan,Ukraine Free Leaders from the Group of Seven rich democracies and the NATO alliance will work to increase pressure on Russia over its war in Ukraine next week, while underscoring their continued concerns about China, senior US officials said on Wednesday. President Joe Biden leaves Saturday to meet with other G7 leaders in southern Germany before heading to Madrid for a summit where NATO is expected to announce plans to expand its forces in eastern Europe and Washington will lay out steps to strength European security. Inclusion, for the first time, of leaders from Australia, Japan, South Korea and New Zealand in the NATO summit was aimed at showing that the war in Ukraine has not detracted from Western nations' focus on China, the officials said. G7 leaders, meeting at an … [Read more...] about G7, NATO leaders to ratchet up pressure on Russia, keep eye on China

Share to Twitter Share to Linkedin Companies everywhere are seeking to build a better experience for their people to foster loyalty, minimize turnover and drive better engagement. As part of these efforts, businesses are empowering individuals to be their true selves. With celebration of Pride Month drawing to a close, employers should consider how to better support members of the LGBTQ+ community in their workforce during a time of growing adversity for this group. According to Human Rights Campaign , more than 300 anti-LGBTQ+ bills have been introduced in 28 U.S. states this year. The organization describes that these bills as “dangerous and discriminatory” and are aimed at banning trans kids from playing sports or receiving life-saving health care. These bills come at a time of rising hate and violence against LGBTQ+ people, according to GLAAD, a U.S.-based organization advancing the rights and interests of the community. Growing rhetoric in … [Read more...] about Companies Need To Keep Advocating For LGBTQ+ Rights After Pride Month Ends

Andrew Forrest travels the globe trying to persuade leaders of industry and politics — and rank-and-file workers — that despite his polluting past he’s the man to champion green hydrogen as the clean fuel of the future. M ore than a couple of the dozen or so coal-plant workers gathered at West Virginia’s Pleasants Power Station in April to hear Andrew Forrest push his green hydrogen agenda rolled their eyes as he spoke. “I believe this coal-fired power station has a huge future,” the Australian mining billionaire told them. The employees could be forgiven for their skepticism. Just weeks before, they learned their plant, surrounded by other closures throughout coal country, would be the latest to shut down . Forrest’s message was heartfelt, contrarian and a bit pie in the sky. In West Virginia, the second-largest coal-producing region in the U.S., Forrest told the workers that 22 of the state’s 26 coal-powered plants could be converted to green hydrogen plants. Tell your … [Read more...] about Australian Mining Billionaire Touts A Green Revolution In U.S. Coal Country — With Skepticism Trailing Close Behind

- A + A NEW YORK (June 23): Major US stock indexes ended down slightly Wednesday, losingearly gains tied to remarks by Federal Reserve Chair Jerome Powell that the US central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares. The S&P 500 energy sector was down 4.2%. The dollar fell alongside US Treasury yields on fears the US economy could slip into recession after Powell, in testimony to the US Senate Banking Committee, said higher rates are painful but are the means the US central bank has to slow inflation. "Like all Fed commentary, there are positives and negatives, but the overall message is the Fed is not backing away from rate hikes," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. The Fed recently raised its benchmark overnight interest rate by three-quarters of a percentage point, its biggest hike since 1994. The Dow Jones Industrial Average fell … [Read more...] about US stocks end down slightly after early boost from Powell; oil falls

(CNN) The record run-up in home prices and rents exacerbated the affordable housing crisis in the US, and rising interest rates stand to make it even worse, according to Harvard University's annual State of the Nation's Housing Report released Wednesday. Although quickly rising mortgage rates are already appearing to cool overheated housing markets, they are putting the homeownership dreams of millions of Americans even further out of reach, researchers and housing industry experts said. These renters were hit hardest by the pandemic and they're still struggling The income needed to qualify for a home has skyrocketed: The mortgage, property tax and insurance payments for a median-priced home of $340,700 cost $700 more per month in April 2022 than they did a year before. And the annual income needed to qualify for such a home is $28,000 higher in April 2022 versus last year, according to Harvard's Joint Center for Housing Studies, which analyzed data from … [Read more...] about The dream of owning a home is out of reach for 4 million Americans

South Korean President Yoon Suk-yeol (left) (Yonhap) / Japanese Prime Minister Fumio Kishida (Jiji Press-Yonhap via The Korea Herald/Asia News Network) SEOUL — With Seoul and Tokyo picking up efforts to restore strained ties, eyes are on whether the sides’ leaders could make progress in an upcoming international conference that both are set to attend next week. South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida have both said they will attend the Nato summit scheduled for June 29-30, where they will see each other in person for the first time; it has been less than two months since Yoon was inaugurated on May 10. While nothing has been decided on whether the two leaders will hold their first official bilateral summit on the sidelines of the Nato summit, there would be some interactions, even in lighter formats, South Korea’s National Security Adviser Kim Sung-han said, Wednesday. “We have not yet fixed on holding a bilateral summit with Japan or a … [Read more...] about Will leaders of South Korea, Japan stoke momentum for reconciliation at Nato summit?

An electronic display board at Hana Bank in central Seoul shows the won touching 1,300 won per dollar on Thursday. [YONHAP] The won declined to a 13-year low on Thursday after the U.S. Federal Reserve chairman acknowledged the chance of a recession. It touched 1,302.80 won to the dollar, the lowest in 12 years and 11 months, and is down almost 18 percent from December 2020. The decline comes as stocks globally are in the midst of a rout and as cryptocurrencies melt down. Korea's Kospi is down more than 20 percent this year and the Kosdaq index 30 percent. Bitcoin has lost two-thirds of its value from the peak, and the Luna coin has lost almost 100 percent of its value. In remarks to the Senate Banking Committee on Wednesday, Federal Reserve Chairman Jerome Powell acknowledged that recession is a possibility. The Fed raised the federal funds rate by 75 basis points last week, the biggest rate increase in 28 years. It indicated another increase of 50 or 75 basis points next … [Read more...] about Won hits 1,302.8, a 13-year low, as Powell mentions recession

Share to Twitter Share to Linkedin Topline The Senate voted 65-34 early Thursday afternoon to limit debate on a bipartisan gun control bill, with nearly a third of Republican senators siding with their Democratic colleagues to break the filibuster, setting up a final vote that could come as early as Thursday evening. Key Facts Debate time has been capped at 30 hours, setting up a deadline of around 6 p.m. Friday for a final vote, though several senators, including Majority Leader Chuck Schumer (D-N.Y.), have voiced support for taking up a vote much sooner. All 50 Democratic senators voted to advance the bill, joined by 15 Republican senators: Roy Blunt (Mo.), Richard Burr (N.C.), Shelley Moore Capito (W.Va.), Bill Cassidy (La.), Susan Collins (Maine), John Cornyn (Texas), Joni Ernst (Iowa), Lindsey Graham (S.C.), Mitch McConnell (Ky.), Lisa Murkowski (Alaska), Rob Portman (Ohio), Mitt Romney (Utah), Thom Tillis (N.C.), Pat Toomey (Pa.) and Todd … [Read more...] about These 15 Republican Senators Break Filibuster On Gun Control Bill—Final Passage All But Certain