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Moderate democrats standing in the way of U.S spending bill

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As Joe Biden’s signature $3.5 trillion dollar spending bill moves closer towards being implemented, there is one key Democrat standing in the way

FILE PHOTO: U.S. President Joe Biden speaks speaks during a brief appearance at the White House in Washington, U.S., January 25, 2021. REUTERS/Kevin Lamarque/File Photo

Senator Joe Manchin is insisting that he cannot support the new bill, saying the price tag is too large and the White House has rushed it through due process.

This is an issue for the Democratic party, given that the US Senate is divided 50/50, meaning every vote counts.

It follows Biden’s Chief of Staff saying he believed Manchin was in full support of the bill… and the reconciliation package was “full speed ahead”.

But Manchin appeared on two political talk shows over the weekend, saying “If I can’t go home and explain the bill, I can’t vote for it”.

Meanwhile, prominent Democratic senator Bernie Sanders says American taxpayers can afford the bill, and Manchin’s lack of support is “not acceptable”.

Tech

Porn floods Twitter “China” search

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Twitter users have been finding it hard to search for information on the social media platform due to an explosion of pornographic spam.

While thousands of protests against extended lockdowns, a digital bot army has roared into action on Twitter, with long-dormant Chinese language accounts suddenly tweeting links to escort services and other adult content.

Anyone trying to track the spontaneous protest movement on Twitter complained about the deluge of spam pornographic content making flooding the search for information.

The China protests come at a time when Twitter’s content and moderation teams have been pared back drastically following Elon Musk’s $44 billion takeover of the social media giant.

Twitter, along with other international social media services like Facebook, Snapchat and Instagram, is blocked by Beijing’s internet censors within Mainland China.

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World

Biden silence on China protests

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As citizens across China revolt against the country’s “zero Covid” policy, the White House issued a statement about the growing protests.

“‘We’ve long said everyone has the right to peacefully protest, in the United States and around the world,’ a White House National Security Council spokesperson said in a statement.

‘This includes in the [People’s Republic of China.]’

“‘Zero COVID is not a policy we are pursuing here,’ the spokesperson said.

‘And as we’ve said, we think it’s going to be very difficult for the People’s Republic of China to be able to contain this virus through their zero COVID strategy.’”

Commentators have noted that the statement came from the White House, and not President Biden himself.

Demonstrators are calling on President Joe Biden to take a stance and publicly support their cause.

The protests have continued despite numerous attempts by the Chinese government to quell them.

 

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Business

China protests hit global markets, crypto

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Investor watches markets

The protests in China are having a negative impact on cryptocurrencies and markets around the world.

Bitcoin failed to break its descent and fell more than 3 percent.

The global crypto market cap fell over 2%, sending major cryptos into the red.

Over the last 24 hours, overall crypto market volume grew by 22%.

It comes amid a round of investor nervousness in global markets spurred by protests in China against Covid restrictions.

Protesters outraged by harsh COVID-19 regulations called for China’s strong leader to quit.

China is the world’s second-largest economy and has a significant impact on global financial markets.

Stocks and cryptos aren’t considered safe havens, leading to bearing price action.

Analysts are hoping for a sharp bullish reversal if and when the protests end.

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