The Government Is Subsidizing Microchip Firms—While Making It More Expensive To Produce Microchips
“subsidized firms must provide “high-quality childcare for plant workers.” They can even divert some of the subsidies to build child care centers and hire providers—activities that do little to increase the supply of microchips. Companies will also be required to do all sorts of financial disclosures and share part of any unanticipated profits with the government. Preference for funding will be given to companies that promise not to buy back stock. The New York Times cleverly named this approach the “Chips and Strings.”
These strings will significantly undermine chip manufacturing by increasing production costs. For instance, when the administration says high-quality child care, it really means more expensive child care because of requirements that caregivers be college-educated and such. Building those child care and chip factories will be subjected to Buy American and environmental requirements, Davis-Bacon pay requirements, and minority and women material sourcing requirements, along with pressure to be more open to the demands of labor unions.”
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‘All-out revolution’: Proud Boy describes group’s desperation as Jan. 6 approached
“A top lieutenant of the Proud Boys’ chairman, Enrique Tarrio, described on Wednesday a growing desperation among the group’s leaders as Jan. 6, 2021, approached and then-President Donald Trump’s efforts to overturn the election results sputtered.
That’s when the group’s thoughts turned to “all-out revolution,” according to Jeremy Bertino, the Justice Department’s star witness in the seditious conspiracy trial of Tarrio and four other Proud Boys leaders, who are charged with orchestrating a violent attempt to derail the transfer of power from Trump to Joe Biden.
Bertino, who pleaded guilty to his own seditious conspiracy charge last year, gave jurors an insider’s view of the Proud Boys’ leadership as Jan. 6 approached and the group became increasingly convinced that the Biden presidency posed an existential threat. Those views, prodded along at times by Trump’s own efforts to subvert his defeat, intensified after Tarrio was arrested on Jan. 4, 2021, upon arriving in Washington.
Now, the group’s leaders — Tarrio and Joe Biggs of Florida, Ethan Nordean of Seattle, Zachary Rehl of Philadelphia and Dominic Pezzola of New York — are facing the gravest charges to emerge from the Jan. 6 attack on the Capitol.”
““I thought I was watching history,” Bertino recalled. “I thought it was historical. I thought it was a revolution starting.”
When one member of the group informed others that then-Vice President Mike Pence had resisted Trump’s entreaties to overturn the election on his own, Bertino assured them: “Don’t worry, boys. America’s taking care of it right now.”
Bertino’s jubilance turned into fury after Trump told rioters to go home and law enforcement cleared the Capitol.
“We failed,” he told other Proud Boys in various Telegram chats, after Congress had returned to continue certifying Biden’s victory. He lamented that the rioters caused mayhem simply to “take selfies in Pelosi’s office.”
That sentiment continued into Jan. 7.”
“Bertino also clarified an odd text to Tarrio that read “They need to get peloton.” It was an autocorrect for Pelosi, Bertino said.
“She was the target, as far as the one who had been pushing the information [about the election],” Bertino recalled thinking. “She was the talking head of the opposition. And they needed to remove her from power.””
U.N. calls for Russia to leave Ukraine
“The United Nations General Assembly on Thursday adopted a resolution calling for Russia to withdraw its troops from Ukraine, almost exactly one year after it invaded the neighboring country.
In the 193-member body, 141 members voted in support of the resolution, exceeding the two-thirds threshold needed to pass.
even members — Belarus, North Korea, Eritrea, Mali, Nicaragua, Russia and Syria — voted against the resolution. Thirty-two members abstained, including China, India, Iran and South Africa.
The nonbinding resolution, which is largely symbolic, calls for Russia to halt its attack on Ukraine and to withdraw its troops from the region, as well as for a lasting peace.”
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