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Biden takes aim at his nation’s billionaires

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Joe Biden says upcoming budget will include higher taxes, aimed at America’s wealthiest residents

 
Joe Biden says his March 9 budget proposal to the U.S. Congress will include some higher taxes, as the president targets the nation’s billionaires.

Speaking in Virginia, Biden confirmed he won’t violate his pledge not to raise rates on those Americans making less than $400,000 a year.

This was one of Biden’s key 2020 campaign pledges.

Meanwhile, the White House is facing pressure from the other side of the aisle – as Republicans threaten to not raise the debt limit unless the president agrees to sharp spending cuts.

Biden is vowing to slash the deficit by $2 trillion over 10 years in this upcoming budget proposal.

He is also challenging Republicans to release their own proposals and to negotiate over this, rather than over whether the country should raise the debt ceiling and pay its existing bills. #trending #featured

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China seeks to establish itself as EV leads

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China’s dominance in the electric vehicle (EV) market is reshaping the global automotive landscape, as acknowledged by Elon Musk, who views Chinese car companies as Tesla’s most formidable competitors.

 

Beyond being a manufacturing hub, China has excelled in EV development, influencing the industry across resource refining, battery production, software, and manufacturing. Established brands such as Audi, Toyota, and BMW are now collaborating with Chinese partners for EV platforms, batteries, and production. This shift is evident in Australia, where China-made car sales have surged 16-fold in the last five years, and top-selling EVs are predominantly Chinese.

Leading Chinese brands like BYD, SAIC Motor’s MG, and Chery are making significant strides in Australia, with ambitious plans and models that outperform established competitors. China’s impact extends beyond its borders, making it a driving force in the global EV market, shaping growth, innovation, and competition in sustainable mobility.

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Is remote learning here to stay?

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The Great Transformation – how will we learn in the futre?

 
The rise of the digital age has transformed news, media and entertainment and there are signs that it may affect education as well.

Host of The Great Transformation Professor Tim Harcourt from the University of Technology Sydney, gives his predictions about how we will learn in the future.

#featured #the great transformation #tgt

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Can this climate group agree on anything?

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The global climate summit has hit a roadblock as delegates clash over the contentious issue of a fossil fuel phase-out.

 
Tensions reached a fever pitch after OPEC nations vehemently pushed back against the proposed measures, leading to an impasse that threatens progress on tackling climate change.

As world leaders gathered in an effort to accelerate the transition away from fossil fuels and limit global warming, the negotiations took an unexpected turn.

The deadlock has left environmental activists around the world frustrated, as hopes were high for a breakthrough agreement. #featured #climate #cop28

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