Tag: US Economy

TikTok defenders emerge in Congress

Tina Marie (Ms. Cat)

TikTok defenders emerge in Congress

The other side: Reps. Mary Miller (R-Ill.), Anna Paulina Luna (R-Fla.) and Troy Nehls (R-Texas) are holding a competing “Moms Against TikTok” press conference at the Capitol on Thursday to press for a ban.

The speakers include a staffer for the conservative Heritage Foundation and Chaya Raichik, the operator of “Libs of TikTok.”

Source: Twitter

Related Notes:

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How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Tina Marie (Ms. Cat)

Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses

Tina Marie (Ms. Cat)

As regulators rush through emergency measures to prevent further chaos following the disastrous collapse of Silicon Valley Bank, there’s a point they’re very keen to emphasize: this is not a bailout.

Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses

Related:

Joe Biden stuck around just long enough to lie about who’s on the hook for SVB bailout

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?! 🤷🏼‍♀️

[2014] If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K

Tina Marie (Ms. Cat)

Apple has 98,000 employees and earned $39.5 billion after tax over the past year. If Apple was a worker cooperative, then each employee would’ve received a $403,000 dividend on top of their salaries. Even the lowest paid worker would’ve earned at least $403,000 in Apple as worker cooperative.

If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K