Tag: Sherrod Brown

UAW Stellantis workers protest in the streets from coast to coast

Tina Marie (Ms. Cat)

WASHINGTON—Back in the days when Stellantis was Chrysler, there was a sense of camaraderie on the shop floor, veteran Auto Workers say. Not anymore. Not under Stellantis. All they perceive now is corporate greed, satisfying investors, and filling honchos’ pockets with workers’ dollars.

UAW Stellantis workers protest in the streets from coast to coast

02-2024: The UAW Strike Saved Their Shuttered Plant, But the Fight Is Just Beginning

Eight months ago, the idling of the Belvidere Assembly Plant had local United Auto Workers questioning their next steps.

2023: Stellantis commits nearly $5B to Belvidere with new UAW contract

The revival of the Stellantis plant is a stunning reversal of fortunes for Belvidere, Ill. But workers say they won’t rest until they see the concrete being poured.

2022: All Biden’s Green Job Losers

Climate industrial policy is costing 1,350 workers their jobs at a Stellantis plant in Illinois.

Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Tina Marie (Ms. Cat)
Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Related:

Trump’s attacks on Chinese cars strike a chord — with both parties

“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”

…

He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”

Reuters: Mexico yields to US pressure on incentives for Chinese car makers

He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.

Hypocrisy, Thy Name is the United States:

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Investigation shows rail giant donated to Ohio governor a month before toxic crash

Tina Marie (Ms. Cat)

An investigation published Monday revealed that just weeks before a Norfolk Southern-owned train overloaded with hazardous materials derailed and caused a toxic chemical fire in East Palestine, Ohio, the rail giant donated $10,000—the maximum amount allowed—to help fund the inauguration of the state’s Republican Gov. Mike DeWine.

Investigation shows rail giant donated to Ohio governor a month before toxic crash

Here is the Truth: Medicare Advantage Is Neither Medicare Nor an Advantage

Tina Marie (Ms. Cat)

Right now, well-funded lobbyists from big health insurance companies are leading a campaign on Capitol Hill to get Members of Congress and Senators of both parties to sign on to a letter designed to put them on the record “expressing strong support” for the scam that is Medicare Advantage.

Here is the Truth: Medicare Advantage Is Neither Medicare Nor an Advantage

Cryptocurrency News: US Regulators Should ‘Maybe’ Ban Crypto + Digital Asset Anti-Money Laundering Act of 2022

Tina Marie (Ms. Cat)

Banking Committee Chair: US Regulators Should ‘Maybe’ Ban Crypto

The senator [Sherrod Brown] also pointed to numerous incidents to back up his claims, not just the recent collapse of FTX but also issues such as “the threat to national security from Korean cyber criminals to drug trafficking and human trafficking and financing of terrorism and all the things that can come out of crypto.”

…

Senator Elizabeth Warren unveiled a new bill governing cryptocurrencies earlier this month, dubbed the Digital Asset Anti-Money Laundering Act.

Warren’s bill would look to force crypto asset providers to offer audited financial statements and impose bank-like capital requirements more in line with what is expected of traditional financial institutions. The act would also give the SEC increased powers to regulate the asset class.

Get ready for the Digital Dollar!

Related:

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[2020] Republicans blasting China forget that the GOP enabled Beijing’s rise

Tina Marie (Ms. Cat)

As a deadly pandemic wreaks havoc in an election year, Republicans are leveling relentless attacks against China. To be sure, Beijing’s initial response to the coronavirus outbreak was littered with errors, egregious injustices and conspiracy-mongering.

Republicans blasting China forget that the GOP enabled Beijing’s rise

Related:

What Republicans did 15 years ago to help create Donald Trump today

Urged on by their presidential standard-bearer, Texas Gov. George W. Bush, and by nearly all of the business lobbyists who represented the core of the party’s donor class, three-quarters of House Republicans voted to extend the status of permanent normal trade relations to China. They were more than enough, when added to a minority of Democrats, to secure passage of a bill that would sail through the Senate and be signed into law by President Bill Clinton.

Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture

Tina Marie (Ms. Cat)

The fallout from the collapse of the crypto exchange FTX and its missing billions of dollars of customer funds has, finally, galvanized some members of Congress to push back against the swarms of crypto lobbyists whose activities are clearly impacting the safety and soundness of U.S. banks.

Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

Tina Marie (Ms. Cat)

By Pam Martens and Russ Martens, July 15, 2022

Yesterday afternoon, Mark Bialek, the Inspector General of the Federal Reserve, released a memorandum clearing Fed Chair Jerome Powell and former Fed Vice Chair Richard Clarida of wrongdoing in the trading scandal that has engulfed multiple officials of the Federal Reserve.

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

Related:

Senators on Senate Banking Committee Accuse Fed Chair Powell of Hampering Trading Scandal Investigation