
Social Security confronts its first delivery crisis in eight decades as government streamlining threatens system stability
Previously:
Musk Undercuts Trump’s Promise Not to Cut Social Security
Trump’s Medicaid reversal should worry Social Security recipients.
[2017] Trump’s Budget Delivers Big Oil’s Wish: Reducing Strategic Petroleum Reserve
While most observers believe the budget will not pass through Congress in its current form, budgets depict an administration’s priorities and vision for the country. Some within the oil industry have lobbied for years to drain the SPR, created in the aftermath of the 1973 oil crisis.
…
Exxon, as well as the American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), have long lobbied for a drawdown of SPR‘s supply, according to lobbying disclosure records reviewed by DeSmog. They supported two key bills, proposed but never passed by Congress: H.R. 4136 in 2012 and S. 1231 in 2015.
H.R. 4136, lobbied for by Exxon, API, and IPAA**, says that the Strategic Petroleum Reserve can only be tapped if more federally owned public lands and waters were leased to the oil and gas industry. S. 1231, the Strategic Petroleum Reserve Modernization Act of 2015, called for a Department of Energy study of the SPR “to determine options available for [its] continued operation,” to be completed 180 days after the bill’s passage.
…
“[T]he SPR is unnecessary in the first place. Private inventories and reserves are abundant, and open markets will respond more efficiently to supply shocks than federally controlled government stockpiles,” wrote Loris, who began his career as an associate for the Charles G. Koch Charitable Foundation. “Congress should authorize the Department of Energy to sell the entire inventory, using the revenues solely for deficit reduction.”
Democratic presidential candidate Robert F. Kennedy Jr. spoke to FNC’s Tucker Carlson this week about the war in Ukraine and the misplaced priorities of the U.S. government.
Robert F. Kennedy Jr: What We’re Being Told About The Ukraine War Is Not True
Related:
Just over half of states in the U.S. are struggling with slowing economic activity, which could be a signal of a looming recession, according to new research from the St. Louis Federal Reserve Bank.
Risk Of Recession In U.S. Increasing, Finds Fed Research
Undaunted by criticism that its plan is little more than a Comcast-esque cash grab, Netflix executives say they’re moving full speed ahead with a plan to begin cracking down on password sharing, a practice executives spent years previously encouraging.
Dumb Netflix Password Sharing Crackdown Will Arrive In US Early Next Year
The Ocean Shipping Reform Act allows for more enforcement of rising fees. But shippers say the law isn’t a “silver bullet.”
President Joe Biden signed the Ocean Shipping Reform Act of 2022 into law on Thursday, promising sweeping changes to the ocean shipping industry after more than two years of port congestion, delays and rising costs.
Biden just signed a law to lower shipping costs. Will it work?
Short-staffed and underfunded.
Allegations of financial mismanagement among supposed leaders of the Black Lives Matter movement (BLM)—as well as questions surrounding the true character of the organization—continue to unfold following a recent New York Magazine report revealing the group purchased a $6 million luxury home in southern California with money that had been donated to the BLMGNF (Black Lives Matter Global Network Foundation, the official title of the only actual national organization).
Black Lives Matter purchases $6 million property with donation money
Ms. Cat’s Chronicles 
You must be logged in to post a comment.