Chile’s Draft Constitution: Undemocratic—or Too Much Democracy?

Chileans will vote in September on whether to approve a new constitution that promises to address inequality and lack of democracy (Reuters, 7/4/22). It would replace the present constitution imposed by the dictatorship of Gen. Augusto Pinochet, who came into power through a US-backed coup in 1973. The nation’s newly elected left-wing leadership is calling for a “yes” vote, although in the much-divided country, the constitution faces steep opposition from the right.

Chile’s Draft Constitution: Undemocratic—or Too Much Democracy?

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.

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CHIPS Won’t Help China

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

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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.

“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.

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.

Attack on Syria church gathering kills 2

Two people were killed and 12 injured Sunday by bombardment of a church as it was being inaugurated in Syria’s central province of Hama, the official SANA news agency reported.

Sunday’s attack came two days after bombardment killed seven people including four children in the rebel-held Idlib region.

Around half of Idlib province as well as parts of Aleppo, Hama and Latakia provinces are controlled by Hayat Tahrir al-Sham, the former franchise in Syria of al-Qaeda.

Attack on Syria church gathering kills 2

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The Korean War May Never End

Jul 21, 2022 – The Korean War that began in 1950 is technically ongoing because only an armistice was signed in 1953, rather than a peace treaty. American warmongers argue the United States must spend $8 billion a year to keep 30,000 troops there at a dozen bases until the war ends. This is only because the United States refuses to even discuss an end to the war because it will lose control of South Korea’s military if American Generals leave. In addition, part of the justification for the Pentagon’s massive annual budget is to defend South Korea, and those who profit off the perpetual American presence spend millions of dollars each year to lobby American congressmen to keep their racket going.

The South Korean military is five times stronger than the North Korean military, and there are no Russian or Chinese soldiers based in North Korea. South Korea has twice the population and forty times the GDP of decrepit North Korea and has fortified its mountainous border. American troops are not needed there but powerful interests protect the status quo. Withdrawing just half the American troops would save the United States over three billion dollars a year and may allow a formal peace treaty to be signed.

The Korean War May Never EndTales of the American Empire

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Democrats Hope To Gotcha The GOP With Doomed New Net Neutrality Bill

As we’ve long noted, the Trump era attack on net neutrality was one of the more grotesque examples of regulatory capture and corruption in Internet policy history.

The rules, which imposed some very modest restrictions on giant telecom monopolies to prevent them from abusing market power, were very popular among consumers of all political stripes. And the Trump FCC’s repeal involved using a lot of outright lies and even fake and dead people to reduce the oversight of extremely unpopular telecom monopolies.

Despite the Democrats controlling the FCC for more than a year and a half, they still haven’t done anything about it.

Democrats Hope To Gotcha The GOP With Doomed New Net Neutrality Bill