Chips

Texas Republican Rep. Chip Roy told Breitbart News it is “absurd” that “lazy” Democrats and Republicans are going to use the “bullshit” proxy voting rule to vote on the “garbage” Inflation Reduction Act — which does not help inflation — instead of following the Constitution and showing up to vote in person. The congressman explained to Breitbart News on Thursday afternoon lawmakers voting by proxy on both sides of the aisle are the “perfect gold example” of what is wrong with allowing members to vote by proxy. “It’s straight up bullshit is what it is,” Roy stated while mentioning he was traveling back to Washington, DC, to vote on a “garbage” Inflation Reduction Act, which he said does the opposite of helping inflation like destroying the energy industry and driving up the price of goods and services. Roy, noting proxy voting, in his opinion, is “unconstitutional” and is “destroying the institution” they were elected to serve, stated, “There’s no price to pay” when Republicans … [Read more...] about Rep. Roy Hammers ‘Lazy’ Members for Abusing Proxy Vote on Spending Bill

On Friday’s broadcast of Bloomberg’s “Bloomberg Markets,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated that the Inflation Reduction Act and CHIPS Act will have a “relatively modest” impact on immediate inflation. Co-host Alix Steel asked, [relevant exchange begins around 41:55] “If we take a look at the supply side of the whole inflation debate and if the supply side and COVID shocks resolve soon, can the CHIPS Act and the Inflation Reduction Act meaningfully help with that?” Goolsbee responded, “In the short run, I think not a lot. And you saw the analysis from several of the big, private forecasting companies as well as the CBO say that these are marginal impacts on short-run inflation. Because inflation is kind of a next six to 12-month phenomenon and almost all the money and investments in these things would be spread out over five … [Read more...] about Fmr. Obama Adviser Goolsbee: Inflation Reduction Act Will Have ‘Relatively Modest’ Impact on Immediate Inflation

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics vice-chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". The pardon is largely symbolic, with Mr. Lee already out on parole after serving 18 months in jail for bribery relating to his time leading the world's biggest smartphone and memory-chip maker. However, it should mean Mr. Lee will be able to carry out business activities more freely and could herald some big moves from Samsung, analysts said. "With urgent needs to overcome the national economic crisis, we carefully selected economic leaders who lead the national growth engine through active technology investment and job creation to be pardoned," Justice Minister Han Dong Hoon told a briefing. Also pardoned by pro-business President Yoon was Lotte Group chairman Shin Dong-bin, who was sentenced to a two-and-a-half-year prison sentence on charges of bribery. … [Read more...] about South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee

Police and officials from an animal hospital in Stafford County, Virginia, worked together to free a cat that was found stuck in a storm drain on Thursday. According to a Facebook post published by the Stafford County Sheriff's Department, a sergeant responded to a call involving a cat that was "wedged" in a storm drain. The cat was later taken to a local animal hospital to wait for its owner. "He was unable to free the feline and contacted Aquia-Garrisonville Animal Hospital for assistance," the caption said. "Veterinarians from the animal hospital responded and were up for the challenge." The non-profit organization PAWS says that a stray or lost pet should be taken to a local animal shelter. Someone who finds an animal is encouraged to file a found animal report, post signs and share information about the found animal online. An animal that is brought to a shelter or a veterinarian can be scanned for a microchip. "A microchip is about the size of a grain of rice and … [Read more...] about Portly cat stuck in storm drain rescued: “Lay off the treats”

The most worried political junkies in America these days may be those never-Trump former Republicans who put their hopes in the Democratic Party. They’re terrified that Democrats are incapable of winning when and where it matters most. Right now that means every election in 2022 and 2024 that involves Donald Trump as an anti-democracy cheerleader or, worst case, as a candidate himself. I’m not saying my new ex-GOP friends should relax, because I understand their trepidation. The stakes, and Trump’s rhetoric, never stop escalating. The FBI execution of a search warrant at Trump’s Mar-a-Lago home has unleashed outright threats of retaliation or violence , some from people who should know much, much better. At the same time, of the many weird dynamics this year, there is this one: Democrats have been acting like Republicans lately. They’ve been strategic, disciplined and tough — racking up accomplishments that will affect people’s lives, jobs and health; strengthen America, its … [Read more...] about Op-Ed: Democrats try a new campaign strategy — getting things done

The House of Representatives passed the $740 billion Inflation Reduction Act Friday afternoon, giving Democrats and President Joe Biden a key legislative victory on reconciliation following a year of negotiations. The act passed along party lines, 220-207, with four Republicans not voting. More than 180 members filed proxy letters with the House clerk, according to the clerk’s website, allowing them to vote remotely. (RELATED: EXCLUSIVE: House Freedom Caucus Calls On Republicans To Oppose Climate Package ‘Through All Available Means’) The legislation includes nearly $370 billion in green energy subsidies and tax credits, a prescription drug price fixing scheme, an increase in the corporate tax rate, and nearly $80 billion in new funding for the Internal Revenue Service (IRS) Despite the bill’s name, the Inflation Reduction Act is expected to have no impact on inflation. “I think America needs a plan that actually works,” House Minority Leader Kevin McCarthy said in a … [Read more...] about House Sends $740 Billion Green Energy, Healthcare Package To Biden’s Desk