Tag: relocation

US moves Typhon missile launchers to new strategic site in Philippines

Tina Marie (Ms. Cat)
Reuters

The Typhon launchers, which carry Tomahawk cruise missiles capable of reaching targets in China and Russia from the Philippines, also house SM-6 missiles, which can strike air or sea targets more than 200 km away.

The US military has relocated its Typhon missile launchers—capable of firing multipurpose missiles over thousands of kilometers—from Laoag Airfield in the Philippines to another location on Luzon island, a senior Philippine government source revealed, as reported by Reuters.

US moves Typhon missile launchers to new strategic site in Philippines

Previously:

‘It’s a win’: Philippines, China uphold South China Sea deal on resupply missions

Philippine Army acquiring US missile system

What’s Really Going On In the South China Sea Between the Philippines and China

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive

Tina Marie (Ms. Cat)

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage

Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”

Related:

How manufacturing chips in the US could make smartphones more expensive

Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.

Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼‍♀️

Tax Flight Is a Myth

Tina Marie (Ms. Cat)

Tax Flight Is a Myth

Related:

Dispelling the Myth of Tax-Induced Capital Flight

A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire