On Monday’s broadcast of CNBC’s “Last Call,” Sen. Joe Manchin (D-WV) stated that new regulations on coal power from the EPA are taking power off the grid at the same time that demand for electricity is increasing. Host Brian Sullivan
The post Manchin: Biden’s Taking Energy Offline Faster Than He’s Putting It Online appeared first on Breitbart.
Hundreds of Americans gathered in Boston on Saturday to blast Democrats for approving $420 million to shelter migrants.
The post Americans Protest Boston’s Housing Giveaway to Immigrants appeared first on Breitbart.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
The post Breitbart Business Digest: Corporate Profits Say No to Rate Cuts appeared first on Breitbart.
Multinational automaker Stellantis is set to launch its first hydrogen-powered vehicle for the United States market with its made-in-Mexico Ram 5500 trucks.
The post Green New Globalism: Stellantis to Make Hydrogen Ram Trucks in Mexico appeared first on Breitbart.
Despite losses in the first quarter of 2024, General Motors (GM) CEO Mary Barra says the Detroit-based automaker is "committed to China" with plans to go all-in with Electric Vehicles.
The post CEO Mary Barra Says General Motors ‘Committed to China’ Despite $106M in Quarterly Losses appeared first on Breitbart.
For the first time ever, the expectation to own a home among younger Americans fell below 50 percent.
The post Bidenflation Blues: Renters More Pessimistic Than Ever About Owning A Home appeared first on Breitbart.
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has voiced his apprehension about the rapid advancement of artificial intelligence technology, comparing its potential impact to that of nuclear weapons. Buffett warned that AI-powered scams, with their ability to trick everyday people into believing practically anything, could be "the growth industry of all time" for criminals.
The post Warren Buffett: AI-Powered Scams Are Crooks’ ‘Growth Industry of All Time’ appeared first on Breitbart.
The DOJ has accused Google of encouraging employees to delete sensitive chat logs where they discussed the inner workings of the search giant's business, including messages potentially revealing the company's alleged anticompetitive practices and monopolistic intent in the search market.
The post Google Antitrust Case: DOJ Accuses Internet Giant of Deleting Sensitive Chat Logs appeared first on Breitbart.
A poll shows that more Americans trust former President Donald Trump over President Joe Biden on the handling of inflation and the economy.
The post Poll: More Americans Trust Trump over Biden on Economy, Inflation appeared first on Breitbart.
Hundreds of illegal migrants are being killed on construction sites around the nation, marking another hidden cost of President Joe Biden's progressive welcome for cheap migrant labor.
The post Joe Biden’s Border Policy Kills Hundreds of Illegal Workers appeared first on Breitbart.
Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal.
The post Japanese Corp Says DOJ Requested a Delay on Purchase of U.S. Steel, Insists It Has Nothing to Do with 2024 Election appeared first on Breitbart.
Florida is embracing a "freedom sales tax holiday" to make the summer "more affordable" in President Joe Biden's economy.
The post Florida Embraces ‘Freedom Sales Tax Holiday’ to Make ‘Summer More Affordable’ appeared first on Breitbart.
Microsoft has strengthened its stance against the use of generative AI for facial recognition by U.S. police departments through its Azure OpenAI Service, a managed enterprise solution built around OpenAI's technology.
The post Move Along, Cops: Microsoft Reinforces Ban on Police Use of Generative AI for Facial Recognition appeared first on Breitbart.
During an interview with CBS on Friday, White House Council of Economic Advisers Chair Jared Bernstein responded to a question on how long it will take prices to drop if President Joe Biden is re-elected by stating that we have
The post White House on When Prices Will Drop if Biden’s Re-Elected: We’ve Cut Some Costs appeared first on Breitbart.
Clarkesworld, a renowned science fiction and fantasy magazine, has temporarily closed its doors to new submissions after being inundated with a large number of AI-generated stories.
The post Science Fiction Magazine Stops Taking Submissions amid Flood of AI-Generated Stories appeared first on Breitbart.
The most significant antitrust trial in 25 years is drawing to a close in Washington, with Google making its final stand against the DOJ's efforts to break the tech giant's death grip on online search.
The post Google Defends Its $20 Billion Payoff to Apple in Antitrust Suit Closing Arguments appeared first on Breitbart.
On Friday’s broadcast of NewsNation’s “The Hill,” White House Senior Adviser Gene Sperling discussed the recent jobs report and stated that things are “not good enough, because people are still facing too high costs in their family and personal lives.
The post White House: We Have Job Market That’s ‘Better Than Even a Soft Landing’ appeared first on Breitbart.
As the healthcare industry grapples with the rapid integration of AI, nurses are voicing their concerns about the potential risks to patient care.
The post Nurses Protest Against Rushed AI Implementation in Healthcare, Raising Concerns over Patient Care appeared first on Breitbart.
Islamist Turkish President Recep Tayyip Erdogan confirmed reports on Friday that Ankara will ban all imports from and exports to Israel in support of the jihadist terror group Hamas.
The post Turkey Announces Trade Embargo on Israel appeared first on Breitbart.
Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.
The post Breitbart Business Digest: The Jobs Report Was Not as Weak as It Looked appeared first on Breitbart.
Massachusetts Democrat Gov. Maura Healey signed the state budget, which provides an additional $426 million for housing illegals.
The post Massachusetts Gov. Maura Healey Approves $426 Million More to Welcome Migrants, Push Out Citizens appeared first on Breitbart.
Meta's independent Oversight Board, often dubbed the "supreme court" for platforms including Facebook and Instagram, is planning to make job cuts, according to reports.
The post More Silicon Valley Layoffs: Mark Zuckerberg’s Meta ‘Supreme Court’ Prepares for ‘Targeted Cuts’ appeared first on Breitbart.
Donald Trump ripped Joe Biden for Friday's weaker than expected jobs report and promised new economic policies.
The post Donald Trump Pledges to Protect American Workers, Slams Biden’s Weak Jobs Report appeared first on Breitbart.
I am so old, I can remember when “public servants” used to earn less money than they could have expected in the private sector. But those days are long gone. Now, government employees have the rest of us by the throat. Our tax dollars are enriching them, on the average, far beyond what they could earn anywhere else.
This is from Stephen Moore’s Committee to Unleash Prosperity:
The average cost for a government employee in December was $60 per hour, or 40.5% more than his or her private sector counterpart.
Benefits to government employees cost 80.3% more.
This chart shows the numbers:
I would think that if we looked at federal employees, the discrepancy would be even greater. And government employees pretty much can’t be fired, either, so they have these sweet gigs forever.
One interpretation of these numbers is that the rest of us are just serfs on the government’s plantation.
DEI (racial and other quotas) is intrinsically evil. At The Hill, Matt Cole and Chris Nicholson reveal a shocking, practical downside to DEI hysteria: “DEI killed the CHIPS Act.”
The issue is critical because Taiwan now produces 90% of the world’s advanced microchips, and China has indicated its intention to annex Taiwan in the near future. So the CHIPS Act sought to incentivize chip production in the U.S. Unfortunately, that isn’t what is happening.
Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. …
***
Because equity is so critical, the makers of humanity’s most complex technology must rely on local labor and apprentices from all those underrepresented groups, as [the Taiwan Semiconductor Manufacturing Company] discovered to its dismay.Tired of delays at its first fab, the company flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.
Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.
It isn’t only TSMC that is being stymied by DEI:
Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.
In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games. They’ve quietly given up on America. …
[C]hipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”
No wonder Intel politely postponed its Columbus fab and started planning one in Ireland.
Access to microchips is a national security issue, as well as being fundamental to a modern economy. And yet Congressional majorities care more about DEI shibboleths and feeding pork to their constituencies than about American security and prosperity. Of course, that isn’t really an irony. The whole point of DEI is hating America, and if it imperils our security and our prosperity, so much the better.
Earlier today, I posted the official GOP response to Joe Biden’s SOTU hate-fest, by Senator Katie Britt. Britt’s speech was an impressive performance in its own way; if I were a Democrat, I think she would scare me.
But for us data guys, Stephen Moore’s Unleash Prosperity Hotline has the numbers:
A lot of tall tales and a few outright fabrications in the Biden speech last night – and far too many to enumerate here. But we will revisit three here.
“My administration cut the deficit by $1.7 trillion.”
This isn’t just a little bit false, it’s an extraordinary and audacious misstatement of fact. The baseline deficit over 10 years, as measured when Biden came into office versus the latest forecast, shows nearly $6 trillion added to the debt since Biden arrived on the scene.
So how does a $6 trillion addition of red ink possibly equate to a $1.7 trillion reduction in the deficit. Someone didn’t pass his basic math exam in high school.
“We will make the rich pay their fair share.”
The top 1% of American tax filers now pay an all-time record high 46% of taxes. This is according to Biden’s own IRS. Does he think the rich should pay ALL the taxes?
That is actually a good question. I think that for many Democrats, the answer may be Yes. But within reason, experience shows that lower rates mean higher collections, especially from high earners.
“I inherited an economy [from Trump] that was on the brink…”
Actually, the economy grew by – ready for this? 33% in the third quarter of 2020 and 4.1% in the 4th quarter of 2020. The economy was in a full-scale COVID recovery when Biden came into office.
Oh, and Inflation was 1.4%.
Gas prices were $2.39 per gallon.
If you think of it as a relay race, Trump handed the baton to Biden in first place, with a rapidly growing lead. But Biden tripped over his own feet–both literally and figuratively–and turned the strong position that he inherited (and not only economically) into a fiasco. That I why I don’t see how he can be re-elected, despite Trump’s manifest flaws.
If you don’t get the Unleash Prosperity Hotline, you should. You can sign up for its frequent and always informative emails here.
Brian Deese is “an MIT Innovation Fellow, focusing on the impact of economic policies that strengthen the United States’ industrial capacity and on accelerating climate investment and innovation.” Before that, Deese assisted Joe Biden as Director of the National Economic Council. Asked in 2022 how American families could cope with surging gasoline prices, the NEC boss said, “this is about the future of the liberal world order, and we have to stand firm.” As Sir Bedevere(Terry Jones) might say, who is this who is so wise in the ways of economics?
Deese is the son of Boston College political science professor David Deese, who “researches the international and comparative politics of energy and climate policies worldwide.” Brian’s mother, Patricia Stanton, served as deputy commissioner at the Massachusetts Department of Energy Resources and assistant commissioner of waste prevention at the state Department of Environmental Protection.
At Middlebury College Deese earned an undergraduate degree in international politics and economics. He got into Yale Law School but left a few credits short of graduation to work for Hillary Clinton’s presidential campaign. Composite character president Obama tapped him to help out with climate change.
In a 2016 interview with Rolling Stone, Obama touted the “amazing” Brian Deese, who “engineered the Paris Agreement, the Aviation Agreement,” and “may have helped save the planet.” The auto industry was also in trouble.
“The wunderkind in charge of saving our auto industry is a 31-year-old with about as much experience as a summer intern,” noted Glenn Beck. “Despite having no formal business education, no business experience and no auto industry experience, 31-year-old Brian Deese is now in charge of dismantling General Motors.” David Sanger of the New York Times also weighed in with, “Meet the 31-Year Old in Charge of Dismantling GM.”
In 2017, Deese became a senior fellow at the Harvard Kennedy School. From there it was on to BlackRock, where Deese headed the sustainable investing division, advising clients on meeting environmental, social and governance (ESG) criteria. Deese was reportedly bagging some $2.8 million a year, and building a net worth of $4 million.
In June of 2021, the amazing Deese outline his vision for a “new industrial strategy,” an “activist government,” approach including “targeted public investment, public procurement, climate resilience and equity.” As Deese contends, “markets on their own will not make investments in technologies and in infrastructure that benefit an entire industry.”
And so on, in what Olson Johnson of Blazing Saddles might call “authentic statist gibberish.” Or, in the style of Monty Python, the wealthy MIT Innovation Fellow could qualify for “upper class twit of the year.”
Jeffrey Anderson presents a comparative analysis of presidents and inflation. The mainstream press to the contrary notwithstanding, he explains what Biden has done to make us feel so black and blue. It’s not our imagination. It’s the inflation, stupid! See his City Journal column “No great mystery.” Anderson manages to review the data and perform the analysis with a sense of humor.
The daycare minders at the White House have persuaded Biden to single out “shrinkflation” as the villain. However, “shrinkflation” reflects “inflation.” It is a manifestation of rising prices. Sentient observers understand that Biden economic policies have triggered the inflation that we have suffered, just as they understand that Biden’s senescence has slowed the windmills of his mind. Biden trusts we won’t notice he indicts himself when he decries “shrinkflation.”
Biden’s daycare minders take us for fools. Thus the administration’s critique of Republicans for causing the invasion of illegals that Biden invited, facilitated, and denied. They think we are stupid.
We hear that Biden threatens to point the finger at alleged corporate wrongdoing as the source of our pain in tonight’s State of the Union address. For some reason or other this wave of alleged wrongdoing has run riot under the regime of…Joe Biden. It was somehow held in check under the regime of…Donald Trump. James Bovard seeks to immunize us against the foolishness of the Biden party line in his New York Post column “Joe Biden’s State of the Union ‘shrinkflation’ swindle.”