News

Biden promises to fix the climate with $430 billion Act

Published

2 years ago

August 17, 2022

William Howard

U.S. President Joe Biden has officially signed the $430 billion Inflation Reduction Act into law

It’s a sign his administration is able to power ahead with its legislative agenda.

The fate of the bill look almost certainly set to doom, but last-minute support from Senator Joe Manchin of West Virginia meant is could pass.

Biden used his address at the signing event to criticise the Republican party, all in an attempt to boost support for the Democrats in the upcoming midterms.

“This bill is the biggest step forward on climate ever, and it’s going to allow us to boldly take additional steps toward meeting all of the climate goals we set out when we ran,” Biden said before signing the bill.

“It includes ensuring that we create clean energy opportunities in frontline and fenceline communities that have been smothered by the legacy of population and fight environmental injustice that has been going on for so long.”

The legislation will help fight climate change and lower prescription drug prices, while also ensuring corporations and the wealthy pay the taxes they owe.

Democrats hope it will combat inflation by reducing the federal deficit, but Republican leaders, including Mitch McConnell say it will have the opposite impact.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

6 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

6 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

2 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity