Despite his trail-blazing role as the first Black leader of a major party’s caucus, Jeffries’ foreign-policy views don’t veer from the status quo.
When it comes to foreign policy, Hakeem Jeffries will bring more of the same
Tag: CHIPS Act
Amidst Uproar Over Nancy Pelosi’s Visit to Taiwan, Media Ignores Aggressive U.S. Maritime Action in South China Seas
In order to force high-tech companies to decouple from the People’s Republic of China and reverse U.S. decline, U.S. imperialism needs a political/military crisis with China
Amidst Uproar Over Nancy Pelosi’s Visit to Taiwan, Media Ignores Aggressive U.S. Maritime Action in South China Seas
White House Rethinks China Tariffs Amid Taiwan Turmoil
White House Rethinks China Tariffs Amid Taiwan Turmoil
By Zerohedge.com
The Trump tariffs are the subject of a lawsuit filed by scores of U.S. companies who’ve asserted the levies are overly broad and were improperly implemented. If the Biden administration can’t defend the Trump tariff regime, it could be compelled to evaluate tens of thousands of public comments about it, or reimburse the plaintiffs for tariffs they’ve paid so far.
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Biden’s interest in pandering to labor unions also figures in his slow-walking his tariff-relief decision. Milton Friedman had something to say about that
“The benefits of a tariff are visible. Union workers can see they are ‘protected.’ The harm which a tariff does is invisible. It’s spread widely.”
What labor unions?!
Union Representation Petitions Continue to Increase in FY 2022 Under Biden Administration
According to the U.S. Bureau of Labor Statistics, in 2021 the percentage of U.S workers, including public- and private-sector workers, who were members of unions was 10.3 percent—a half point decline from the 10.8 percent unionization rate in 2020. Within the private sector, the unionization rate declined by 0.2 percent in 2021 to 6.1 percent. The degree to which union activity in 2022 with an aggressively labor-friendly NLRB general counsel and a majority Biden appointed Labor Board moves the needle for union membership is yet to be determined.
Pelosi Meets With Taiwan’s Top Chip Industry Leaders
The House speaker’s trip came after Congress passed a bill that includes $52 billion to subsidize domestic chip manufacturing
Pelosi Meets With Taiwan’s Top Chip Industry Leaders
Previously:
Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China
Hopefully, the TSMC-Arizona deal doesn’t go the way of Foxconn-Wisconsin!
Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China
Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China
The CHIPS and Science Act of 2022 passed in a vote of 63-33, with 17 Republicans voting in favor. The over 1,000-page legislation includes $52.7 billion for direct funding for the construction and expansion of semiconductor manufacturing and $24 billion for tax incentives and other purposes.
The bill will authorize roughly $200 billion in science and technology research funding that will be spread across several government agencies over the next five years. The largest recipient of the research funds will be the National Science Foundation, which will receive $81 billion.
Related:
Third, the CHIPS Act actually has provisions designed specifically to restrict investments in China. These so-called “guardrails” require that companies taking federal dollars for American projects must also agree not to invest in state-of-the-art technology in China—not just with the federal dollars, with any dollars. Good-faith critics have raised fair concerns that these guardrails should be broader, tougher, and firmer. But any guardrails at all represent unprecedented restrictions on what U.S. companies can do in the People’s Republic. It’s one thing to say an ideal bill would hurt China even more; it’s quite another to try and claim that less-than-perfect restrictions count as “help.”
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Just before the Senate passed a major bill to subsidize computer chip manufacturers on Wednesday, House Speaker Nancy Pelosi’s (D-California) husband sold thousands of shares of Nvidia — a tech company that could stand to gain from the passage of the nearly $80 billion bill.
Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS
Related:
Nancy Pelosi And Husband Sell NVIDIA Corp Stock After Public Pressure
“I think this comes in response to public pressure and the conflict of interest her stock position posed,” the founder of Congresstrading.com, who asked to remain anonymous due to the sensitive nature of his site, told Benzinga.
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“It is surprising to see the sale. Also, what’s surprising here is that she sold and reported one day later. Usually she takes a couple of weeks. She wanted the public to know she cleared her books of this conflict of interest immediately.”
Congresstrading also noted Pelosi’s filings typically come on Fridays, when the media may potentially bury the story over the weekend.
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The Nancy Pelosi Tracker on Twitter, which shares transactions by the Speaker of the House, noted the transaction history of NVIDIA Corporation by the Pelosis dates back to May 2021. According to the account, the Pelosis still own 50 options on NVIDIA Corporation with a strike price of $100 and expiration of Sep. 16, 2022 that were purchased back on July 23, 2021.
Pelosi remains one of the most active filers of stock transactions in Congress due to her husband being a venture capitalist.
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote + Newly sworn-in SEC commissioner is former Pelosi aide
Nancy Pelosi’s husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote
It’s worth noting that Nvidia designs their owns chips, but hires other companies to manufacture them and likely would not directly receive benefits from subsidies related to this congressional bill.
Related:
Newly sworn-in SEC commissioner is former Pelosi aide
Chips and Dip: Congressional Trading in the Semiconductor Industry since 2020
The whale had to separate Speak Pelosi and Rep. Kim Schrier’s huge AAPL sell offs, as they make their House colleagues’ trades look like peanuts.
Ms. Cat’s Chronicles 
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