The United States' newest nuclear stealth bomber has made its public debut after years of secret development. The new bomber is part of the Pentagon’s answer to rising concerns over a future conflict with China. The B-21 Raider is the first new American bomber aircraft built in more than 30 years. The Pentagon provided the public its first glimpse of the Raider at an invitation-only event in Palmdale, California, on Friday. Defense Secretary Lloyd Austin calls it “the embodiment of America’s determination to defend the republic that we all love.” Falls Church, Virginia-based Northrop Grumman is building the Raider, which will take its first flight next year.
Asian shares mostly declined amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil prices fell. Market watchers noted worries about how the Federal Reserve might not ease on its aggressive interest rate hikes, which are aimed at curbing inflation pressures. Retailers and technology companies led a broad slide on Wall Street. China is maintaining its “zero-COVID” approach to eliminate the coronavirus entirely. The localized lockdowns and other restrictions have caused a supply crunch for some of Asia’s biggest manufacturers, denting economic growth.
The Dallas Area Habitat for Humanity is using part of the $9 million gift it received from philanthropist MacKenzie Scott in March to provide its staff members a new employee benefit — $13,500 in the form of a forgivable loan to help with a down payment or closing costs on a home. Rebecca Thompson, who works in the nonprofit's fundraising office, thought she'd never be able to buy her own home. Now, Thompson hopes that with the down-payment assistance she can find a home with two bedrooms so she can have a home office. Plus, her cats and lizard could use some extra space.
The United States and European Union have agreed to intensify talks to resolve EU concerns over major subsidies for American companies contained in a U.S. clean energy law. Although no deal was reached at talks Monday, the two sides pledged to continue work and push for a solution that benefits both U.S. and European firms, workers and consumers. The U.S. Inflation Reduction Act offers about $375 billion in new and extended tax credits to help the the U.S. clean energy industry as well as buyers of qualifying electric vehicles made in North America. But European leaders have expressed alarm that the subsidies would be an enormous setback for European companies.
The United States isn’t seeking to sever economic ties with China — even as it takes steps to protect America’s technological and military prowess from Beijing. That's according to U.S. Commerce Secretary Gina Raimondo. She spoke to reporters in advance of a speech Wednesday on the Biden administration’s China policy. Relations between the world’s two biggest economies have chilled over the last decade, partly because the communist government in Beijing has cracked down on dissent in Hong Kong and on Muslims in the northwestern region of Xinjiang. The Biden administration has kept President Donald Trump’s tariffs on China and has stepped up a campaign to keep the Chinese from acquiring sensitive technology that could speed its military buildup.
MONDAY, Dec. 5, 2022 (American Heart Association News) -- Actor and musician Rob Benedict was in his natural habitat, onstage and entertaining an audience, when two of his friends decided to pull a practical joke on him.
With the holiday season in full swing, you may be planning to travel a long distance to spend the holidays with family and friends. When it comes to taking your pet along, you may wonder if flying is the best option. Flying is definitely a quick and seemingly simple way to get you and your pet to where you’re going. Instead of spending hours driving, you and your furry sidekick will spend a lot less actual travel time when you are on a plane. However, like all travel methods, flying does pose some potential obstacles and risks to take into consideration.
Tennessee Gov. Bill Lee is considering introducing express toll lanes on highways and tripling a fee for electric car owners as he looks for ways to pay for tens of billions of dollars in roadway projects. The Republican is just as adamant about what he won’t do. He doesn't want to raise gas taxes, add fully tolled roads, or issue debt to fund roads. With Tennessee’s rapid growth and truck traffic, state transportation officials say $26 billion in projects are needed to address worsening congestion. Lawmakers would need to sign off on letting private companies build the express toll lanes. They also would need to approve increasing the electric vehicle fee from $100 to $300.
A House investigations panel says financial technology firms “abdicated” their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic. The House Select Subcommittee on the Coronavirus Crisis launched its investigation in May 2021 after public reports that the firms were linked to disproportionate numbers of fraudulent loans issued under the Paycheck Protection Program. Former President Donald Trump rolled out the Paycheck Protection Program to help small businesses stay open and keep their workers employed. President Joe Biden maintained the program and directed money to more low-income and minority-owned companies. All told, $800 billion was spent on the program.