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Cyberangels Meet Israeli Foreign Minister in UAE
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China Uses Global Influence Campaign To Deny Forced Labor, Mass Incarceration in Xinjiang
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U.S. Senate Passes Industrial Policy Bill to Compete with Beijing
Posted by John Chan | Jun 9, 2021
The United States Senate has passed a landmark, bipartisan bill to dramatically increase government spending on technological development. The bill, known as the U.S. Innovation and Competition Act, allocates $250 billion to spending in sectors deemed critical to America’s competitiveness against China. It now heads to the House, where it still must be reconciled with a bill authored by more skeptical House representatives. The Wall Street Journal’s John D. McKinnon
The legislation represents a potential landmark effort to turn the tide on several long-term trends in U.S. competitiveness. Those include eroding federal investments in research overall and a shrinking share of the world’s semiconductor manufacturing.
Source: Factset
Homebuilding in Delaware last month. Significant growth in employment is expected to start in the second half of 2021, the U.N. labor organization said. Credit.Alyssa Schukar for The New York Times
Global employment will take years to return to prepandemic levels, the United Nations’ labor organization said on Wednesday in a report that urged governments to build social protection systems to avoid the destabilizing effects of deepening economic and social inequality.
The pandemic wiped out around 144 million jobs last year, including a projected 30 million new jobs that would have been created, the International Labor Organization said in its assessment of employment and social trends.
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