Category : President Joe Biden

(NYT) Election Results Provide a Stark Warning to Democrats

Mr. Youngkin had campaigned heavily on education and seized on Mr. McAuliffe’s remark that he didn’t “believe parents should be telling schools what they should teach.” Mr. Youngkin used the comment, made during a debate, as an entryway to hammer his rival on issues like race and transgender rights in schools. The issues simultaneously motivated the G.O.P. base while casting the matter to moderates as an issue of parental rights.

“This is no longer a campaign,” Mr. Youngkin said. “It is a movement being led by Virginia’s parents.”

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Posted in America/U.S.A., Children, Education, Marriage & Family, Office of the President, Politics in General, President Joe Biden, State Government

(NYT) Rising Prices, Once Seen as Temporary, Threaten Biden’s Agenda

At least once a week, a team of President Biden’s top advisers meet on Zoom to address the nation’s supply chain crisis. They discuss ways to relieve backlogs at America’s ports, ramp up semiconductor production for struggling automakers and swell the ranks of truck drivers.

The conversations are aimed at one goal: taming accelerating price increases that are hurting the economic recovery, unsettling American consumers and denting Mr. Biden’s popularity.

An inflation surge is presenting a fresh challenge for Mr. Biden, who for months insisted that rising prices were a temporary hangover from the pandemic recession and would quickly recede. Instead, the president and his aides are now bracing for high inflation to persist into next year, with Americans continuing to see faster — and sustained — increases in prices for food, gasoline and other consumer goods than at any point this century.

That reality has complicated Mr. Biden’s push for sweeping legislation to boost workers, expand access to education and fight poverty and climate change. And it is dragging on the president’s approval ratings, which could threaten Democrats’ already tenuous hold on Congress in the 2022 midterm elections.

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Posted in America/U.S.A., Corporations/Corporate Life, Economy, Politics in General, President Joe Biden

(AP) New wind farms would dot US coastlines, including Carolinas, under Biden plan

Seven major offshore wind farms would be developed on the East and West coasts and in the Gulf of Mexico under a plan announced Wednesday by the Biden administration.

The projects are part of President Joe Biden’s plan to deploy 30 gigawatts of offshore wind energy by 2030, generating enough electricity to power more than 10 million homes.

Interior Secretary Deb Haaland said her department hopes to hold lease sales by 2025 off the coasts of Maine, New York and the mid-Atlantic, as well as the Carolinas, California, Oregon and the Gulf of Mexico. The projects are part of Biden’s plan to address global warming and could avoid about 78 million metric tons of planet-warming carbon dioxide emissions, while creating up to 77,000 jobs, officials said.

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Posted in * Economics, Politics, * South Carolina, Ecology, Economy, Energy, Natural Resources, President Joe Biden, Science & Technology

(NYT front page) Inflation Warning Signs Flash Red, Posing Challenge for Washington

The Federal Reserve’s preferred gauge of inflation climbed in August at the quickest pace in 30 years, data released on Friday showed, keeping policymakers on edge as evidence mounts that rapidly rising prices are poised to last longer than practically any of them had expected earlier this year.

The numbers come at a pivotal moment, as inflationary warning signals abound. Used car prices show signs of picking up again, costs for raw goods like cotton and crude oil are increasing and companies continue to experience pain from persistent supply chain disruptions.

That is stoking fears in Washington and on Wall Street that although rapid price gains will eventually fade, the adjustment could drag on for months. A longer burst of inflation raises the chances that consumers will change their expectations and behavior, paving the way for more permanent price increases.

It is a high-stakes juncture for policymakers. The Fed is preparing to withdraw some of its support for the economy soon, but it would prefer to do so only gradually, given the millions of Americans who remain out of work. The White House is trying to pass two big policy packages at the core of President Biden’s economic agenda, and Republicans have begun wielding every new inflation data point as an argument against more federal spending.

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Posted in Consumer/consumer spending, Corporations/Corporate Life, Economy, Federal Reserve, House of Representatives, Politics in General, President Joe Biden, Senate, The U.S. Government

(FT) President Biden to tell states to make all adults eligible for Covid jab by May 1

Last month, the president would only commit to a return to normal by Christmas, citing uncertainty over how quickly the administration could ramp up its vaccination drive.

Biden will announce the new target during his first televised primetime address to the nation since his inauguration in January.

“He will communicate to Americans that, if we all do our part, there’s a good chance that families, friends, neighbours, will be able to gather in small groups to celebrate Independence Day on July 4,” a senior administration official said. “The next phase of our wartime effort will help us get closer to normal by July 4, Independence Day,” they added.

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Posted in Health & Medicine, Office of the President, Politics in General, President Joe Biden