French ambassador: US ‘rules-based order’ means Western domination, violating international law

France’s ex US Ambassador Gérard Araud criticised Washington for frequently violating international law and said its so-called “rules-based order” is an unfair “Western order” based on “hegemony.” He condemned the new cold war on China, instead calling for mutual compromises.

French ambassador: US ‘rules-based order’ means Western domination, violating international law

Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights

President Biden published a statement Monday night calling on Congress to intervene to block a national rail strike and impose a contract which tens of thousands of railroad workers voted down. A few hours later, outgoing Speaker Nancy Pelosi announced the House of Representatives would take up such a bill this week and send it to the Senate with the “hope that this necessary, strike-averting legislation will earn a strongly bipartisan vote…”

Biden calls on Congress to impose rail contract in a major assault on workers’ democratic rights

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