Tag: Inflation Reduction Act

A Bottomless Pinocchio for Biden — and other recent gaffes

Tina Marie (Ms. Cat)2 Comments

President Biden is a self-described “gaffe machine.” That’s no excuse, of course, for a president making false or misleading statements. Readers have asked for fact checks of a variety of recent Biden statements, but none of them seemed big enough for a stand-alone fact check. So here’s a roundup of some of the president’s recent errors of fact, made as he has barnstormed the country boosting Democrats and raising contributions in advance of the midterm elections. We generally do not award Pinocchios for roundups like this — but for reasons that will become clear, we need to make an exception for the first one.

A Bottomless Pinocchio for Biden — and other recent gaffes (archived)

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Tina Marie (Ms. Cat)

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Slava Slush Fund: despite economic crisis, Congress readies $12 billion more for Ukraine + More

Tina Marie (Ms. Cat)

U.S. has now allocated over $80 billion to Kiev.

Sure, financial markets and national currencies are imploding worldwide, but the military industrial regime needs to keep churning, and that means pumping more money into the Slava Slush Fund.

Slava Slush Fund: despite economic crisis, Congress readies $12 billion more for Ukraine

Related:

There’s no debating it: Biden will get billions in new Ukraine aid

“Oversight of Ukraine aid is sorely needed,” Julia Gledhill, a defense analyst for the Project on Government Oversight (POGO), tells Responsible Statecraft. “The State and Defense departments are handling billions of dollars in Ukraine funding, but neither have permanent inspectors general in place to investigate and prevent abuse of funds.”

Senate advances spending bill for Ukraine with $12 Billion

After the Senate invoked cloture for the legislative vehicle to carry out the CR, it will now be up for a full vote by the Senate. The House will next vote on it, likely on Friday.

Report: US Preparing $1.1 Billion Arms Package for Ukraine

The weapons package will likely include HIMARS rocket systems, HIMARS ammunition, counter-drone systems, radar systems, training, and technical support.

The arms package is expected to be provided to Kyiv using the Ukraine Security Assistance Initiative (USAI) as opposed to sending the arms directly from US military stockpiles. The USAI allows the Biden administration to purchase military equipment for Ukraine from the US arms industry.

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

Tina Marie (Ms. Cat)1 Comment

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

In June, Johan DeNysschen, the COO of Volkswagen of America, told Bloomberg his company is considering the construction of a battery manufacturing facility in North America. That would satisfy the requirement in the Inflation Reduction Act that batteries are manufactured in the US or other countries that are approved trading partners. According to the current North American free trade agreement, American trade officials consider anything made in Canada or Mexico to be domestically produced.

But manufacturing is one thing, The IRA goes further and requires the materials used to manufacture products also be sourced from approved trading partners. Canada is certainly one of them.

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Then the roof fell in. The IRA only applies to vehicles built in the US, and that Georgia factory was not scheduled to be up and running until 2025. Two weeks ago, Hyundai and Kia vehicles imported from South Korea were eligible for the federal EV tax credit of up to $7,500. After the IRA was signed into law, they are eligible for nothing. The South Korean government is considering bringing the matter to the World Trade Council, but according to Reuters, Hyundai will now speed up construction of its new Georgia factory.

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In the final analysis, that may be a good thing for America. Globalization left many countries like the US vulnerable to the machinations of crooks, thieves, and lunatics. The cheapest solution is often not the best solution.

Interesting that South Korea isn’t an “approved trading partner”. Then again, they’re not part of the USMCA. I suppose this is good for bringing some jobs to America.

Railway Workers Fight Shows Need for Paid Sick and Family Leave + More Updates

Tina Marie (Ms. Cat)

“It staggers the imagination that in September 2022 the workers who keep the trains running did not have even one sick day to care for themselves.”

Railway Workers Fight Shows Need for Paid Sick and Family Leave, Says Economist

Related:

“30 Years in the Making”: U.S. Rail Strike Averted by Tentative Deal as Workers Decry Grueling Conditions

Live updates: Railroad workers livid over deal brokered by Biden and unions to prevent strike

Surging cost of living in US drives class tensions to the breaking point

Tina Marie (Ms. Cat)

The latest inflation data published Tuesday shows that the working class confronts months of immense hardships as wages lose their value in the face of rising living costs. The ruling class’s attempt to make the working class pay for the crisis of capitalism is driving workers into struggle across the world, including in the United States, where teachers, nurses, and possibly railroad workers are launching powerful strikes.

Surging cost of living in US drives class tensions to the breaking point

This Remote Mine Could Foretell the Future of America’s Electric Car Industry

Tina Marie (Ms. Cat)

TAMARACK, Minn. — In this isolated town of about 100 people, dozens of employees are at work for Talon Metals, drawing long cylinders of rock from deep in the earth and analyzing their contents. They liken their work to a game of Battleship — each hole drilled allows them to better map out where a massive and long-hidden mineral deposit is lurking below.

This Remote Mine Could Foretell the Future of America’s Electric Car Industry