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“The state of the union is strong”

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U.S. President Joe Biden delivers his second State of the Union address to a joint session of congress

U.S. President Joe Biden has delivered his second State of the Union address, sparring with Republicans and appealing for bipartisanship.

With the sitting president eying off the possibility of running for a second term in office, he needs to deliver real change and get the public back on side.

In a show of unity, Biden began his address by congratulating the incumbent House Speaker, Kevin McCarthy.

This is the first time Biden has addressed a GOP-controlled House.

The theme of today’s speech was certainly optimism for the future.

Biden trying very hard to convince the American people his administration is equipped to lead the nation through these turbulent economic times.

Economic uncertainty

The country’s economy was front and centre, with Biden noting it has recovered more quickly from the Covid-19 pandemic than many other major markets.

Inflation’s at a record high, and while it’s beginning to cool after hitting 9.1 per cent, Americans aren’t feeling the impact just yet.

In fact, only only 21 per cent of residents rate the current economic conditions as positive.

Biden’s legislative achievements were front and centre

Biden’s legislative achievements include a sweeping health and climate package, an infrastructure law and investments in the semiconductor industry.

All federal infrastructure projects will need to have materials which have been made in America.

Biden says his economic plan is about investing in places and people that have been forgotten.

The president believes too many people have been left behind.

Biden took aim at big business

As America suffers through an energy crisis, the president says oil companies have pocketed $200 billion in profits.

He says corporations should do the right thing.

Climate change was also addressed

Biden has promised to build new storm resistant power grids, roads, electric vehicle infrastructure, while providing tax credits for residents who want to purchase their own EV.

When it comes to global warming – Biden wants to “finish the job”.

Taxing the rich

Biden reiterated his promise not to tax anyone who earns under 400,000 a year.

“No billionaire should be paying a lower tax rate than a school teacher or a firefighter,” he said.

When it comes to the debt ceiling, Biden warned Republicans not to attempt to cut social security or medicare benefits.

The U.S. hit the debt ceiling set by Congress in January, forcing Treasury to start taking extraordinary measures to keep the government paying its bills.

House Republicans say they will only lift the borrowing if the government introduces spending cuts.

“Folks – as we all apparently agree, Social Security and Medicare is off the books now, right? They’re not to be touched,” Biden said. “We’ve got unanimity!”

“Let’s all agree, and apparently we are, let’s stand up for seniors,” he said. “Stand up and show them! We will not cut Social Security; we will not cut Medicare.”

He added: “If anyone tries to cut Social Security – which apparently no one is going to do – I’ll stop them. I’ll veto it.”

Police brutality

Perhaps unsurprisingly, safety and police brutality were featured in the address.

Biden made a point of acknowledging the parents of late Tyre Nichols.

29-year-old Nichols was beaten to death by police officer in Memphis.

His death has renewed calls for police reform and reignited a national conversation on justice in policing.

Biden’s message: “They must be held accountable”.

Gun reform and abortion rights

Biden reignited calls for gun reform – calling for a ban on assault weapons.

It follows the recent mass shooting in Monetary Park, California.

Abortion rights are a hot topic in the United states.

The U.S. Supreme Court overturned Roe v Wade in late June 2022, repealing a nationwide protections for the procedure which were put in place 50 years ago.

If Congress attempts to pass a national ban on abortion, Biden says he will veto it.

The infamous Chinese balloon was also mentioned.

Biden says it’s never a good move to bet against America.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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