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	<title>proposal &#8211; USA NEWS LIVE</title>
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		<title>Confusion Tikok revised merger proposal</title>
		<link>https://bloggingthree.soflytech.com/2025/01/confusion-tikok-revised-merger-proposal/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Mon, 27 Jan 2025 02:37:41 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[confusion]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[proposal]]></category>
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		<category><![CDATA[Tikok]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=23397</guid>

					<description><![CDATA[Confused AI revised the merger proposal on Sunday that she had presented Tiktok Parent Bytedance. The proposal that might create a brand new unit that combined the confusion and Tiktok would now also enable the US government to have as much as 50% of the brand new company after a future IPO, CNBC. The creation [&#8230;]]]></description>
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<p>Confused AI revised the merger proposal on Sunday that she had presented Tiktok Parent Bytedance. The proposal that might create a brand new unit that combined the confusion and Tiktok would now also enable the US government to have as much as 50% of the brand new company after a future IPO, CNBC.</p>
<p>The creation of a brand new US holding company &#8220;Newco&#8221; was described in a proposal document displayed by CNBC, which was shared with bytedance and potential recent investors.</p>
<p>The document suggests that bytedance Tikok us, minus its core suggestion algorithm, contribute to the corporate&#39;s existing investors at the brand new company. The confusion of the AI ​​would offer itself in exchange for its own investors who received a distribution of the Newco&#39;s own capital.</p>
<p>According to the proposal document, the cash for the merger would come from &#8220;new investors from third-party providers (s), the capital for a&#8221; one-time dividend payment to Bytedance investors as an exchange for simplified governance &#8220;and to grow the new company.</p>
<p>Confusion Ki, the startup for artificial intelligence search engine that competes with Openaai and with Openaai and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Google<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>Started in 2024 with an assessment of around 500 million US dollars and ended the year with an assessment of around 9 billion US dollars after growing investor interests in view of the generative AI boom and controversy about plagiarism accusations. Investors have regarded the AI-supported search as one of Google&#39;s most important risks, since it may change the way in which consumers access information online.</p>
<p>Last year, Openai, which started the generative AI madness with Chatgpt at the end of 2022, performed a search engine called Searchgpt. Google later started &#8220;AI overviews&#8221; in the search so that users can see a short summary of the answers at the top of the results.</p>
<p>The proposed new structure would enable most existing investors of bytedance to maintain their equity investments and bring more video in confusion, a source that is familiar with the situation, said CNBC at the beginning of this month. And although bytedance is publicly implied <a href="https://www.wsj.com/tech/bytedance-says-it-wont-sell-u-s-tiktok-business-61f43079" goal="_blank">It won&#39;t sell</a> Tikok us, that is part of why the confusion AI believes that it has a shot with its offer &#8211; since the deal would be more of a fusion than a sale, the source added.</p>
<p>According to the revised proposal, the US government could have up to half of the new structure according to at least 300 billion US dollars.</p>
<p>A fair price is &#8220;well north of $ 50 billion&#8221;, but the final number that is added to the proposal.</p>
<p>Although every potential transaction between confusion Ki and bytedance would probably take months, President Donald Trump Tiktok has so far been temporarily restored in the US Government. In a video that was published at Tiktok at the beginning of this month, CEO Shou Zi Chew said: &#8220;I would love to thank President Trump for his commitment to work with us to search out an answer that is offered to maintain Tikok within the USA.&#8221;</p>
<p>Confusion is one of several companies and individuals who compete for the purchase or merging of TikTok, which are reported <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>Present <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-11">oracle<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And possibly Elon Muschus. On Saturday, President Trump said that he would probably have a choice in regards to the way forward for the app within the USA over the following 30 days.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>What to find out about Healey&#039;s $8 billion transportation proposal</title>
		<link>https://bloggingthree.soflytech.com/2025/01/what-to-find-out-about-healeys-8-billion-transportation-proposal/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 15 Jan 2025 10:21:06 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[billion]]></category>
		<category><![CDATA[Healey39s]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[transportation]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=22715</guid>

					<description><![CDATA[policy Gov. Maura Healey announced a plan Tuesday to &#8220;immediately stabilize&#8221; the struggling MBTA&#39;s funds by pouring billions of dollars in investments into the authority and other transportation improvements. Healey&#39;s plan, which calls for $8 billion over the subsequent decade, doesn&#8217;t include any tax increases. Instead, her office said the plan would maximize funds generated [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.boston.com/wp-content/uploads/2025/01/s3___bgmp-arc_arc-feeds_generic-photos_to-arc_greenhouse15HealeyFunding2-6786fc4d8df49-850x638.jpg" /></p>
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<p>								policy<br />
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<p>Gov. Maura Healey announced a plan Tuesday to &#8220;immediately stabilize&#8221; the struggling MBTA&#39;s funds by pouring billions of dollars in investments into the authority and other transportation improvements. </p>
<p>Healey&#39;s plan, which calls for $8 billion over the subsequent decade, doesn&#8217;t include any tax increases. Instead, her office said the plan would maximize funds generated by the state&#39;s Fair Share Amendment, also often known as the &#8220;millionaire&#39;s tax,&#8221; through borrowing and other existing resources. </p>
<p>Immediately under the plan, the Healey government will direct $857 million of excess revenue generated by the Fair Share Amendment in 2024 into public transport. </p>
<p>“This historic transportation proposal represents smart, forward-thinking financial management and will impact people in every region of our state,” Healey said in an announcement. “We will invest billions of dollars to create better roads, less traffic, safer bridges and a transportation system that works in every region. We will close the MBTA&#39;s budget gap by improving service and modernizing stations, and we will advance regional projects like West-East Rail. And we can do all of this without raising taxes.”</p>
<p>The announcement comes just days before Healey <a href="https://www.instagram.com/massgovernor/p/DEgA_zMOxOI/">expected to deliver</a> her second State of the Commonwealth Address. The plan was released because the state&#39;s Transportation Funding Task Force submitted a final report back to the governor. </p>
<p>Healey said the findings of the duty force to stabilize and improve transportation within the state helped shape her administration&#39;s proposal when planning for the longer term, and said most of the group&#39;s recommendations can be put into motion.</p>
<p>In an announcement Tuesday, MBTA executive director and CEO Phillip Eng praised the proposal. </p>
<p>“This solutions-focused approach results in a historic investment and will provide critical support to the MBTA, including increasing our operational capacity, improving service and ensuring a more sustainable, reliable transportation system for all riders,” he said.</p>
<p>The latest transportation plan will likely be filed into law in the approaching weeks as a part of Healey&#39;s fiscal 12 months 2026 budget proposal and an accompanying supplemental budget, in response to the governor&#39;s office. Healey may even face a multi-year sentence <a href="https://www.mass.gov/chapter-90-program#:~:text=Authorized%20through%20Massachusetts%20General%20Laws,improvements%20on%20local%20public%20ways.">Chapter 90</a> Later that 12 months, she passed a bill that her administration said would increase funding allocated to municipalities for local roads and sidewalks to $300 million per 12 months for five years. </p>
<p>“The combined effect of the FY26 Governor&#39;s House Budget Proposal 1 and the FY24 supplemental budget for the use of excess Fair Share revenues will be a 50 percent split between Fair Share resources for transportation since the enactment of the voter-approved resolution and education lead surcharge,” Healey’s office said. “This was one of the key recommendations in the Transportation Funding Task Force report.”</p>
<p>In addition to doubling support for the MBTA&#39;s operating budget and immediately closing the agency&#39;s budget deficit, Healey&#39;s proposal would allocate $1.4 billion to upgrade MBTA infrastructure equivalent to latest commuter train cars and subway cars, in addition to 2.5 billion to speculate billions of dollars in road and bridge repairs across the state, closing the funding gap for the Allston I-90 project and supporting projects that meet the Advance west-east railway proposal.  </p>
<p>Worcester City Manager Eric Batista is amongst officials already expressing support for the governor&#39;s proposal. </p>
<p>“Significant investment in public transit is critical for growing communities like Worcester,” he said in an announcement. “These funds will directly impact and improve the lives of residents who use Commuter Rail to connect to Boston and beyond, use the Worcester Regional Transportation Authority to conduct their daily activities, and use our local roadways to stay safe and get around the city efficiently.”</p>
<p>Despite immediate praise from some for the proposal, Reggie Ramos, executive director of the statewide Transportation for Massachusetts coalition, had a measured response to the plan. </p>
<p>“We look forward to reviewing the governor’s funding plan in detail,” she said. “We will first make sure that it does justice to the scale of the problem, which is huge and cannot be solved through an over-reliance on the bond. We also need to ensure equity, both in the scope of the plan and in the financing mechanisms.</p>
<p>“Providing significantly higher fair share revenues for transport is a good first step towards these criteria,” she added. “Swift action is needed to pull the MBTA out of a deficit that would otherwise have devastating consequences for riders and communities.”</p>
<p>In unveiling her plan Tuesday, Healey emphasized that her administration is targeted on transportation since it is a component of the on a regular basis experience of &#8220;almost everyone in the state,&#8221; and she or he expressed hope that her proposal will improve the standard of life for residents across the state would state. </p>
<p>“The work isn’t done yet,” she said. “But if we don&#39;t deal with stabilization, if we don&#39;t deal with the foundation that has been crumbling for decades, we won&#39;t have a chance to build anything meaningful. You know that. You can&#39;t build a house without a foundation or the whole damn thing will fall apart, no matter how pretty it looks on the outside. That’s what we did today.”</p>
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		<title>Tesla excluded from electric vehicle buyer credits in Gov. Newsom&#039;s proposal &#8211; The Mercury News</title>
		<link>https://bloggingthree.soflytech.com/2024/11/tesla-excluded-from-electric-vehicle-buyer-credits-in-gov-newsoms-proposal-the-mercury-news/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 26 Nov 2024 23:16:22 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[buyer]]></category>
		<category><![CDATA[credits]]></category>
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		<category><![CDATA[excluded]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=19872</guid>

					<description><![CDATA[Tesla Inc.&#39;s electric vehicles can be excluded from consumer rebates under a proposal from California Gov. Gavin Newsom, pitting the incoming Democratic presidential candidate against Republican strongman Elon Musk. Newsom unveiled plans Monday to supply discounts to electric vehicle buyers if President-elect Donald Trump repeals a federal subsidy. A program that California allowed to run [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2023/02/SJM-L-TESLAPA-x-02.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>Tesla Inc.&#39;s electric vehicles can be excluded from consumer rebates under a proposal from California Gov. Gavin Newsom, pitting the incoming Democratic presidential candidate against Republican strongman Elon Musk.</p>
<p>Newsom unveiled plans Monday to supply discounts to electric vehicle buyers if President-elect Donald Trump repeals a federal subsidy. A program that California allowed to run out in 2023 may very well be restarted instead of the $7,500 tax credit, the governor said.</p>
<p><strong>RELATED: Elon Musk shares some details about his immigration journey. Experts say they still have questions</strong></p>
<p>His office told Bloomberg News that the present proposal includes market share limits that will exclude Tesla&#39;s popular electric automotive models. The details — including Tesla&#39;s possible omission from the credits — are being negotiated with the state legislature and will change, Newsom&#39;s office said.</p>
<p>“This is about creating the market conditions for more of these automakers to gain a foothold,” the governor’s office said. It was not immediately clear whether other automakers can be excluded.</p>
<p>Musk, Tesla&#39;s billionaire CEO, posted on his social media platform X that the proposal was &#8220;crazy,&#8221; citing the automaker&#39;s manufacturing presence within the state.</p>
<p>The move would exclude market-leading Tesla from a key incentive program aimed toward encouraging wider adoption of electrical vehicles at a time when growth in fully electric vehicles is slowing. Tesla&#39;s models qualify for the federal credit established as a part of the climate law signed by President Joe Biden, the Inflation Reduction Act.</p>
<p>The Tesla expulsion could boost Newsom&#39;s standing on the left because it triggers renewed conflict with Musk, who has turn out to be a member of Trump&#39;s inner circle and has taken on the role of helping the brand new administration cut government spending. Musk has said he agrees with eliminating federal subsidies.</p>
<p>“This is a slap in the face to Tesla,” Gene Munster, managing partner of Deepwater Asset Management, said of the California proposal.</p>
<p><strong>Tension in California</strong></p>
<p>Musk had angrily denounced government orders to shut Tesla&#39;s Fremont factory in the course of the Covid-19 pandemic, calling them &#8220;fascist&#8221; in an earnings release. When Musk announced the headquarters move, Newsom said Tesla owed a part of its success to California.</p>
<p>Tesla still accounts for greater than half of all latest electric vehicles sold in California, but its market power is waning. According to the California New Car Dealers Association, Tesla&#39;s sales in California fell 12.6% in the primary three quarters in comparison with a 12 months ago, although overall electric vehicle sales within the state rose 1%. Tesla manufactured 54.5% of all electric vehicles registered within the state in the primary three quarters, a major decline from 63% in the identical period last 12 months.</p>
<p>California clashed continuously with Trump over auto emissions rules in the course of the latest president&#39;s first term, and state leaders have made clear they are actually preparing for an additional fight. Newsom has already sought to insulate the state&#39;s policies on issues corresponding to reproductive rights, climate and immigration from potential threats under a Trump administration.</p>
<p>Trump has long criticized the Biden administration&#39;s efforts to subsidize electric vehicles to advertise the adoption of cleaner cars. His transition team is now searching for to lower fuel efficiency requirements for brand new cars and light-weight trucks as a part of plans to ease Biden policies, which the president-elect has dubbed the &#8220;EV mandate,&#8221; Bloomberg News reported last week.</p>
<p>California and states like Oregon and Colorado are currently exempt from regulations that prevent them from adopting their very own emissions standards for brand new vehicles. More than a dozen states, representing greater than a 3rd of the U.S. auto market, have now officially chosen to follow California&#39;s rules.</p>
<p>In his first term, Trump took aim at California&#39;s right to set stricter gasoline consumption rules than the federal government. He is anticipated to make one other try and reverse California&#39;s carveout under the 1970 Clean Air Act after he takes office in January.</p>
<p>Tesla shares fell 2.9% as of three:53 p.m. in New York.</p>
<p>For more stories like this, take a look at <a href="https://www.bloomberg.com">Bloomberg.com</a></p>
<p>©2024 Bloomberg LP</p>
<p>Originally published: <time datetime="2024-11-26 06:45:47">November 26, 2024 at 6:45 am PST</time></p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Indonesia wants Apple to melt its $100 million proposal because the tech giant pushes to sell the iPhone 16</title>
		<link>https://bloggingthree.soflytech.com/2024/11/indonesia-wants-apple-to-melt-its-100-million-proposal-because-the-tech-giant-pushes-to-sell-the-iphone-16/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Fri, 22 Nov 2024 06:57:13 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[giant]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=19592</guid>

					<description><![CDATA[The Indonesian government expects Apple The company is about to extend its planned $100 million investment within the country because the iPhone maker seeks Jakarta approval to sell its latest phones, in response to state media. The latest smartphone model from the American technology giant doesn&#8217;t come near the Indonesian one 40% of domestic content [&#8230;]]]></description>
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<p>The Indonesian government expects <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Apple<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    The company is about to extend its planned $100 million investment within the country because the iPhone maker seeks Jakarta approval to sell its latest phones, in response to state media.</p>
<p>The latest smartphone model from the American technology giant doesn&#8217;t come near the Indonesian one <a href="https://en.antaranews.com/news/328686/iphone-16-tkdn-certification-underway-industry-ministry" target="_blank">40% of domestic content requirements</a> for smartphones and tablets and has no sales release within the country. </p>
<p>The purpose of the ban is to guard local industry and jobs. Officials are calling on Apple to extend the ban<a href="https://en.antaranews.com/news/334737/house-urges-apple-to-invest-and-contribute-to-the-economy" target="_blank"> Investments and commitments</a> to the economy to achieve higher access. </p>
<p>According to a report by Indonesian state media, the country&#39;s Ministry of Industry reports <a href="https://en.antaranews.com/news/335385/govt-deliberates-on-apples-investment-plan?utm_source=antaranews&amp;utm_medium=desktop&amp;utm_campaign=editor_picks" target="_blank">met with Apple representatives</a> on Thursday about its proposal to speculate $100 million over two years. </p>
<p>According to the report, the funds would go towards a research and development center program and knowledgeable development academy within the country.</p>
<p>The company also plans to provide accessory product components, particularly mesh for Apple&#39;s AirPods Max, starting in July 2025, it added.</p>
<p>Apple didn&#8217;t immediately reply to a request for comment from CNBC.</p>
<p>The recent offer is ten times larger than a proposal <a href="https://www.bloomberg.com/news/articles/2024-11-05/apple-to-offer-extra-indonesia-investment-to-lift-iphone-ban" target="_blank">this was reported</a> Previously, the federal government was still attempting to sweeten the deal to get a “fair” commitment.</p>
<p>“From the government’s point of view, of course we want this investment to be larger,” said Industry Ministry spokesman Febri Hendri Antoni Arif <a href="https://en.antaranews.com/news/335417/apple-expected-to-invest-over-us100-mln-says-ministry?utm_source=antaranews&amp;utm_medium=desktop&amp;utm_campaign=related_news" target="_blank">said state media</a> on Thursday.</p>
<p>He said a serious investment would support the event of Indonesia&#39;s manufacturing sector, adding that the domestic industry is able to supporting the production of Apple devices reminiscent of chargers and accessories.</p>
<p>While Indonesia represents a small marketplace for Apple, it also offers growth opportunities because it has the fourth-largest population on this planet, in response to Le Xuan Chiew, a Canalys analyst specializing in Apple strategy research.</p>
<p>“Its young, tech-savvy population with growing digital literacy fits Apple’s expansion strategy.” [global sales]&#8221; he said, noting that it also offers potential for manufacturing and assembly, supporting Apple&#39;s efforts to diversify its supply chain. </p>
<p>Success on this market requires a long-term approach, and Apple&#39;s investment proposal demonstrates a commitment to complying with local regulations and paving the best way for future growth, he added.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Boeing embellishes the work proposal with the “best and final” offer</title>
		<link>https://bloggingthree.soflytech.com/2024/09/boeing-embellishes-the-work-proposal-with-the-best-and-final-offer/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 29 Sep 2024 22:02:19 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Boeing]]></category>
		<category><![CDATA[embellishes]]></category>
		<category><![CDATA[final]]></category>
		<category><![CDATA[offer]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[work]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=16122</guid>

					<description><![CDATA[Boeing on Monday tightened its contract offer, saying it was its &#8220;best and final&#8221; proposal for its greater than 30,000 machinists as their strike, which has halted many of the aerospace giant&#39;s aircraft production, entered its second week. The union criticized the offer, saying Boeing had not negotiated it and calling it an try and [&#8230;]]]></description>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Boeing<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    on Monday tightened its contract offer, saying it was its &#8220;best and final&#8221; proposal for its greater than 30,000 machinists as their strike, which has halted many of the aerospace giant&#39;s aircraft production, entered its second week.</p>
<p>The union criticized the offer, saying Boeing had not negotiated it and calling it an try and bypass the union.</p>
<p>Boeing&#39;s recent offer would increase general wages by 30% over 4 years, up from the previously proposed 25%. Additionally, the ratification bonus was doubled to $6,000, an annual machinist bonus was reinstated and the corporate&#39;s 401(k) was increased.</p>
<p>The International Association of Machinists and Aerospace Workers District 751 union said the brand new offer was “made to us without any discussion.”</p>
<p>Boeing said the offer was contingent on ratification by 11:59 p.m. PT Friday, but said a day later that after the IAM it had &#8220;reached out to the union to give them more time and logistical support.&#8221; to supply as soon as they resolve to vote”. complained in regards to the lack of time. The union said Monday that Boeing “refused to meet for further discussions; therefore we will not vote on the 27th.”</p>
<p>However, it said it could survey members about Boeing&#39;s recent offer.</p>
<p>“We will seek your opinion as to whether this offer meets your requirements,” it said.</p>
<p>Following the union&#39;s response, Boeing said it had negotiated in good faith with the union since formal negotiations began in March.  </p>
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<p>The recent offer is Boeing&#39;s latest try and end a costly strike, the unionized labor group&#39;s first since 2008, as pressure mounts on recent CEO Kelly Ortberg to succeed in a deal.</p>
<p>Bank of America analyst Ron Epstein estimated the strike was costing Boeing $50 million a day, and rankings agencies said the corporate risked a downgrade the longer the strike lasted.</p>
<p>Boeing said it began temporarily furloughing non-union employees, including managers, within the early days of the strike, and implemented other cost-cutting measures akin to a hiring freeze, reduced travel and the elimination of first and business class airline tickets to have introduced employees.</p>
<p>Both Boeing and the union expressed disappointment in last week&#39;s negotiations.</p>
<p>“Following an unsuccessful federal mediation last week, we submitted a best and final offer that made significant improvements and addressed feedback from the union and our employees,” Boeing said in a press release Monday. “We first presented the offer to the union and then passed on the details transparently to our employees.”</p>
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<p>The strike got here as employees voted 94.6% against the previous proposal that the union had supported.</p>
<p>Machinists on picket lines in Renton, Washington, told CNBC last week that they rejected the primary contract with higher wages because they wanted their wages to maintain pace with the sharp rise in the price of living within the Seattle area.</p>
<p>Some employees said in interviews that they&#8217;d been preparing for a protracted strike and had began taking second jobs akin to delivering food or working in warehouses.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Every thing that you must know concerning the latest REAL ID proposal</title>
		<link>https://bloggingthree.soflytech.com/2024/09/every-thing-that-you-must-know-concerning-the-latest-real-id-proposal/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 28 Sep 2024 09:57:35 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[real]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=16003</guid>

					<description><![CDATA[The deadline to use for a REAL ID to board domestic flights and enter certain federal facilities is May 7, 2025. After a couple of extensions already, the Transportation Security Administration has done so suggested a transition period It takes two years for full ID card enforcement to take effect. If this proposal is accepted, [&#8230;]]]></description>
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<p>The deadline to use for a REAL ID to board domestic flights and enter certain federal facilities is May 7, 2025. After a couple of extensions already, the Transportation Security Administration has done so <a href="https://www.tsa.gov/news/press/releases/2024/09/12/tsa-announces-proposed-rule-provide-necessary-flexibility-federal">suggested a transition period</a> It takes two years for full ID card enforcement to take effect.</p>
<p>If this proposal is accepted, here&#39;s what that you must know:</p>
<p><strong>Q:</strong> Is the May 7, 2025 REAL ID deadline real?</p>
<p><strong>A:</strong> Yes, says the TSA <a href="https://www.federalregister.gov/documents/2024/09/12/2024-20616/minimum-standards-for-drivers-licenses-and-identification-cards-acceptable-by-federal-agencies-fo">The proposal doesn&#8217;t extend the deadline.</a> Travelers with out a REAL ID or other acceptable ID akin to a passport or Global Entry Card could face delays at airport security checkpoints next yr.</p>
<p><strong>Q:</strong> Why the transition period?</p>
<p><strong>A:</strong> This flexibility is essential because, in accordance with the proposal, only about 56 percent of state driver&#39;s licenses and ID cards were compatible with REAL ID as of January. Officials fear there could possibly be a flood of applicants before the May deadline, overwhelming state authorities and resulting in delays in applying for ID cards.</p>
<p>Officials also fear long lines, confusion and frustrated travelers at checkpoints, which could actually result in increased security risks on the airport.</p>
<p>The proposal would give agencies flexibility by “explicitly allowing agencies to implement card-based enforcement in phases.”</p>
<p><strong>Q:</strong> What happens if I don&#39;t have a REAL ID after the deadline?</p>
<p><strong>A:</strong>  If you might be unable to present acceptable identification at security checkpoints, the proposal sets out possible plans under which travelers could also be issued warning notices. This could evolve right into a “three strikes” system where certain travelers can be turned away from checkpoints until their ID is updated.</p>
<p><strong>Q:</strong> Do children need a REAL ID?</p>
<p><strong>A:</strong> Children under 18 will not be required to present identification so long as they&#8217;re traveling domestically accompanied by an adult with acceptable identification.</p>
<p><strong>Q:</strong> Do I would like a REAL ID to drive in California?</p>
<p><strong>A:</strong> Real ID isn&#8217;t required to acquire a driver&#39;s license, nor does it affect your ability to vote or voter registration.</p>
<p><strong>Q:</strong> Where did the thought for REAL ID come from?</p>
<p><strong>A:</strong> The REAL ID Act was created following the 9/11 Commission&#39;s suggestion to determine minimum security standards for federally issued driver&#39;s licenses and identification cards for boarding federally regulated industrial aircraft, accessing certain federal facilities, and entering nuclear power plants.</p>
<p>The original deadline was October 2020, nevertheless it was pushed back a couple of times as a consequence of the COVID-19 pandemic.</p>
<p>Are you able to get a REAL ID? Here&#39;s learn how to do it in California &#8211; and a tip on learn how to stay one step ahead of the competition.</p>
<p>Originally published: <time datetime="2024-09-27 12:49:59">September 27, 2024 at 12:49 p.m</time></p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Shein and Temu prices prone to rise after Biden’s de minimis proposal</title>
		<link>https://bloggingthree.soflytech.com/2024/09/shein-and-temu-prices-prone-to-rise-after-bidens-de-minimis-proposal/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 14 Sep 2024 00:07:35 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Bidens]]></category>
		<category><![CDATA[minimis]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[rise]]></category>
		<category><![CDATA[Shein]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14684</guid>

					<description><![CDATA[The rock-bottom prices which have made China-linked e-retailers Shein and Temu so popular with American consumers could soon rise if the Biden administration bans them from exploiting a loophole in trade law. The corporations, known for his or her $5 T-shirts and $10 sweaters, could face a price increase of a minimum of 20 percent [&#8230;]]]></description>
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<p>The rock-bottom prices which have made China-linked e-retailers Shein and Temu so popular with American consumers could soon rise if the Biden administration bans them from exploiting a loophole in trade law.</p>
<p>The corporations, known for his or her $5 T-shirts and $10 sweaters, could face a price increase of a minimum of 20 percent if the so-called de minimis rule is modified, a spokesman for the Republican majority on the House Select Committee on the Chinese Communist Party told CNBC. The committee got here to that estimate after launching investigations into Shein and Temu greater than a 12 months ago.</p>
<p>Neil Saunders, retail analyst and managing director of GlobalData, agreed that the policy change would likely result in a price increase, but couldn&#8217;t say by how much. </p>
<p>&#8220;If the de minimis exemption is removed, the cost of products on marketplaces like Shein and Temu will increase. They will still be low-cost marketplaces, but they won&#39;t be quite as competitive as they are now,&#8221; Saunders said in an email to CNBC. &#8220;This could cost them market share or slow their growth, but they will likely respond by pushing some higher-priced items to balance out their supply.&#8221;</p>
<p>On Friday morning, the Biden administration announced plans to exclude foreign shipments of products subject to U.S.-Chinese tariffs from the de minimis exemption. </p>
<p>This exemption is an obscure loophole in customs law that has been in place because the Thirties. It allows packages valued at lower than $800 to enter the United States without shippers having to pay import duties and under less stringent inspection than larger containers. </p>
<p>The announcement comes after the businesses were subjected to greater than a 12 months of in depth scrutiny by lawmakers from each parties, and specifically by the House Select Committee on the Chinese Communist Party (CCP). </p>
<p>Both Shein and Temu declined to inform CNBC whether they are going to raise their prices because of this of the proposed changes. The corporations also denied that their low prices were resulting from the de minimis exemption, saying their business models allowed them to supply their extremely low prices.</p>
<p>A Shein spokesperson noted that the corporate supports de minimis reform and was recently included in a voluntary pilot program run by U.S. Customs and Border Protection, under which it agreed to supply additional data on packages and shipments.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"></a>A risk to your competitive advantage </h2>
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<p>In recent years, the 2 corporations have taken U.S. consumers by storm with their ultra-low prices and skill to bring trendy styles to market much faster than the competition. Shein is estimated to generate greater than $30 billion in annual revenue, but how much Temu generates is unclear. The parent company, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">PDD investments<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>generated revenue of $34.9 billion in fiscal 12 months 2023, a rise of 90% over the identical period last 12 months.</p>
<p>As the businesses have change into popular shopping destinations, they&#8217;ve taken market share from competitors that serve similar consumer segments, corresponding to H&#038;M, Zara, Target, Walmart and Amazon.</p>
<p>If Shein were to extend its prices by 20%, the corporate&#39;s product range would change into more just like that of its competitors, which could make it tougher for the corporate to compete.</p>
<p>The average price of a dress at Shein was $28.51 on June 1, in keeping with data from Edited, a London-based research firm that analyzed the corporate&#39;s pricing strategy and compared metrics with <a href="https://www.reuters.com/business/retail-consumer/fast-fashion-retailer-shein-hikes-prices-ahead-ipo-2024-06-13/" target="_blank" rel="noopener">Reuters</a>.</p>
<p>At the time, that price was well below the common price of dresses at H&#038;M and Zara, which were $40.97 and $79.69, respectively, in keeping with Edited data. However, if costs were to extend by 20%, the common dress price at Shein could be $34.21 &#8211; much closer to H&#038;M&#39;s average price.</p>
<p>There isn&#8217;t any guarantee that prices would increase by 20% if the Biden administration&#39;s proposal goes into effect. Still, a smaller discount in comparison with Shein&#39;s competitors, coupled with the corporate&#39;s long shipping times, may lead some consumers to go for retailers closer to home. </p>
<p>&#8220;Although reform of the de minimis rules will lead to a fairer and more level playing field, like all tariffs it will ultimately result in higher costs for consumers,&#8221; Saunders said. </p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"></a>A digital darling under statement</h2>
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<p>Last 12 months, the Committee began investigating Shein and Temu for slave labour of their supply chains, specializing in their use of the de minimis exemption. In a <a href="https://selectcommitteeontheccp.house.gov/media/press-releases/select-committee-releases-interim-findings-shein-temu-forced-labor" target="_blank" rel="noopener">Report from June 2023</a> that each corporations had not paid import duties in 2022. Shein denied this claim, saying the corporate paid tens of millions of dollars in import duties in 2022 and 2023. However, the corporate has acknowledged that cotton from banned regions was present in its supply chain and said it was working to repair the issue. Temu didn&#8217;t reply to inquiries about slave labor in its supply chain.</p>
<p>&#8220;As the Special Committee&#39;s investigation into Shein and Temu found, the majority of Shein and Temu&#39;s products fall under the de minimis exemption. This allows them to bypass U.S. customs and evade the scrutiny faced by other retailers. The U.S. must urgently curb these shipments and force these companies to correct their poor compliance practices,&#8221; a committee spokesperson told CNBC.</p>
<p>The spokesman added: &#8220;Congress must urgently pass a de minimis reform bill.&#8221;</p>
<p>As Shein got here under increasing scrutiny, the corporate&#39;s hopes of completing its long-awaited U.S. IPO faded. </p>
<p>Lawmakers wish to limit the influence of Chinese-linked retailers on the U.S. economy and take steps to level the playing field for American corporations, but they&#8217;re unlikely to propose a whole ban on Shein and Temu, as was done with social media company TikTok. </p>
<p>Instead, quite a few politicians called on the US Securities and Exchange Commission (SEC) to dam Shein&#39;s IPO, citing the de minimis exemption as the most effective solution to curb the corporate&#39;s growth. </p>
<p>Now, greater than a 12 months after those efforts began and Shein&#39;s own sputtering charm offensive, plans for a New York IPO have all but collapsed, and within the hope of a friendlier reception there, the corporate has turned to London. </p>
<p>In June, CNBC reported that Shein had confidentially filed for an IPO in London because it faced backlash within the United States. </p>
<p>It is unclear what impact the proposed de minimis changes may have on Shein&#39;s IPO plans.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>California&#039;s $10 billion Proposal 4 favors politics over common sense</title>
		<link>https://bloggingthree.soflytech.com/2024/09/californias-10-billion-proposal-4-favors-politics-over-common-sense/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 11 Sep 2024 12:37:26 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[billion]]></category>
		<category><![CDATA[California39s]]></category>
		<category><![CDATA[Common]]></category>
		<category><![CDATA[favors]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[sense]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14457</guid>

					<description><![CDATA[Proposition 4 on California&#39;s November ballot calls for borrowing $10 billion to fund quite a few environmental proposals that, unfortunately, are more the product of politics than good policy. Voters should reject this measure. After this 12 months&#39;s budget debacle, elected officials mustn&#8217;t be eyeing latest bonds and more debt for an unfocused spending plan. [&#8230;]]]></description>
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<p>Proposition 4 on California&#39;s November ballot calls for borrowing $10 billion to fund quite a few environmental proposals that, unfortunately, are more the product of politics than good policy.</p>
<p>Voters should reject this measure. After this 12 months&#39;s budget debacle, elected officials mustn&#8217;t be eyeing latest bonds and more debt for an unfocused spending plan.</p>
<p>Less than three months ago <a href="https://www.sacbee.com/news/politics-government/capitol-alert/article289447928.html">close a budget deficit of $47 billion,</a> Governor Gavin Newsom and state lawmakers agreed <a href="https://www.gov.ca.gov/wp-content/uploads/2024/06/2024-Budget-Agreement-.pdf">Withdraw $12 billion</a> over two years from the state&#39;s emergency fund. That is around 35% of the state reserves.</p>
<p>This money should really be put aside for a serious economic downturn, not for a gross miscalculation of presidency revenues. The government is now in a weaker position to cope with a future recession.</p>
<p>With this in mind, California should definitely not overdraw its bank card and increase installment payments – especially not for a hodgepodge of programs.</p>
<p>There is nothing incorrect with most of Proposition 4&#39;s individual proposals to make sure clean drinking water, strengthen drought, flood and water resilience, increase clean energy production, mitigate rising sea levels, create parks and outdoor access, mitigate heat, or fund wildfire prevention programs.</p>
<p>But the measure reads more like a shopping list than a smart policy proposal. Proposal 4 would distribute money to just about 100 different programs. There isn&#8217;t any prioritization or evaluation of what would offer the very best value for money.</p>
<p>In fact, the state has spent a median of $13 billion per 12 months on natural resources and climate change mitigation over the past decade. <a href="https://www.lao.ca.gov/BallotAnalysis/Proposition?number=4&#038;year=2024">According to the nonpartisan Legislative Analyst&#39;s Office</a>About 15% of this comes from borrowing in the shape of bonds.</p>
<p>Since 2000, California voters have approved eight other measures which have allowed the state to issue bonds for environmental projects totaling $29 billion. But that&#39;s not free money. The state&#39;s annual payment for environmental bonds is currently about $1.4 billion.</p>
<p>Proposal 4 would increase these payments by an extra $400 million annually for the following 40 years. This is a committed expenditure that comes from the already tight federal budget, crowding out funding for other programs.</p>
<p>Of course, as climate change increases, we also need to deal with environmental issues. If Proposition 4 were designed to fund essential long-term projects that warrant long-term borrowing, we could be the primary to support it, just as we now have supported environmental bond programs prior to now.</p>
<aside class="related left"></aside>
<p>But that&#39;s not the case here. Rather, Proposition 4 is split into eight different spending categories &#8211; each of which is in turn divided into roughly five to 25 spending allocations &#8211; which are more aimed toward appeasing political constituencies than ensuring efficient and effective allocation of precious funds.</p>
<p>Proposition 4 was originally imagined to promise even more cash, however the $10 billion limit was set when Newsom announced he would only support $20 billion in bonds on the ballot, with the opposite half going to the poorly designed Proposition 2, which might proceed a failed school constructing program.</p>
<p>Perhaps at one other time, when the state has numerous money, Californians might be more permissive. But for now, voters should only consider a plan that has been rigorously crafted to provide essentially the most cost-effective results possible. That isn&#8217;t what this measure is about.</p>
<p>Voters should make it clear they need improvement. They should reject Proposition 4.</p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Harris&#039; proposal for a 28% capital gains tax must be higher</title>
		<link>https://bloggingthree.soflytech.com/2024/09/harris-proposal-for-a-28-capital-gains-tax-must-be-higher/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 01:59:13 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[gains]]></category>
		<category><![CDATA[Harris39]]></category>
		<category><![CDATA[Higher]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[tax]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14250</guid>

					<description><![CDATA[Sen. Bernie Sanders (I-Vt.) said Sunday that Vice President Kamala Harris should raise her proposed 28% tax rate on long-term capital gains, marking his latest departure from the Democratic presidential nominee&#39;s economic platform. &#8220;I would go even higher,&#8221; Sanders told NBC. “Meet the press” of Harris&#39; proposed capital gains tax rate. &#8220;I think she&#39;s trying [&#8230;]]]></description>
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<p>Sen. Bernie Sanders (I-Vt.) said Sunday that Vice President Kamala Harris should raise her proposed 28% tax rate on long-term capital gains, marking his latest departure from the Democratic presidential nominee&#39;s economic platform.</p>
<p>&#8220;I would go even higher,&#8221; Sanders told NBC. <a href="https://www.nbcnews.com/meet-the-press/video/sen-bernie-sanders-says-he-still-considers-kamala-harris-progressive-full-interview-218847301701" target="_blank" rel="noopener">“Meet the press”</a> of Harris&#39; proposed capital gains tax rate. &#8220;I think she&#39;s trying to be pragmatic and do what she thinks is right to win the election. My own view is a little different.&#8221;</p>
<p>Harris announced her plan on Wednesday to tax long-term capital gains, i.e. assets held for greater than a 12 months, at 28 percent, a rise from the present maximum tax rate of 20 percent.</p>
<p>This proposal softened the party&#39;s line on tax reform.</p>
<p>President Joe Biden had already proposed a capital gains tax rate of 39.6% in his budget for 2025. Sanders had campaigned for the Democratic presidential nomination in 2016 with an excellent higher tax rate of 54.2%.</p>
<p>Sanders said Harris&#39; economic program must go further in taxing the wealthy.</p>
<p>&#8220;I think what the vice president needs is a strong agenda that speaks to working people,&#8221; he said.</p>
<p>Sanders has also remained steadfast in his opposition to the political influence of billionaires, regardless that Harris has relationships with major donors. She has also received support from Mark Cuban, LinkedIn co-founder Reid Hoffman and dozens of other wealthy business leaders.</p>
<p>&#8220;Am I worried about the influence of billionaires on the Democratic Party? I really am, just as I am worried about the influence on the Republican Party,&#8221; he said.</p>
<p>Since Harris launched her campaign in July after Biden dropped out and endorsed her, Sanders has supported Harris but has shown only lukewarm support for her economic policy proposals.</p>
<p>In addition to tax reform, Sanders openly opposed Harris&#39;s move away from support for Medicare for All, the proposal to offer free universal public health care to all Americans that she supported during her first presidential run in 2019.</p>
<p>Harris has moved away from a few of her more progressive stances from 2019 to appeal more to the undecided, moderate voters who&#8217;re likely to make your mind up the election.</p>
<p>For example, the vp welcomed the support of former Republican Vice President Dick Cheney and his daughter, former Rep. Liz Cheney, the newest in a string of outstanding Republicans to oppose the Trump-led party.</p>
<p>As Harris tries to achieve broad centrist support, Sanders&#39; tepid enthusiasm for her economic program could work in her favor. By providing a contrast to one of the vital progressive lawmakers on Capitol Hill, the gap between Harris and Sanders helps the Democratic candidate defuse Trump&#39;s attacks on her as <a href="https://truthsocial.com/@realDonaldTrump/posts/112939168851174729" target="_blank" rel="noopener">&#8220;radical left wing lunatic.&#8221;</a></p>
<p>Despite their policy differences, Sanders supported her campaign and showed more zeal in pursuing her goals of making more cost-effective housing and strengthening union protections.</p>
<p>&#8220;So yes, their views are not mine, but I think they are progressive,&#8221; Sanders said.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Pressley and two other congressmen are urging the FDA to delay a proposal to ban hair straightening chemicals</title>
		<link>https://bloggingthree.soflytech.com/2024/08/pressley-and-two-other-congressmen-are-urging-the-fda-to-delay-a-proposal-to-ban-hair-straightening-chemicals/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 29 Aug 2024 09:39:52 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[ban]]></category>
		<category><![CDATA[chemicals]]></category>
		<category><![CDATA[congressmen]]></category>
		<category><![CDATA[delay]]></category>
		<category><![CDATA[FDA]]></category>
		<category><![CDATA[hair]]></category>
		<category><![CDATA[Pressley]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[straightening]]></category>
		<category><![CDATA[urging]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=13289</guid>

					<description><![CDATA[policy Two members of the US House of Representatives initially urged the US Food and Drug Administration (FDA) to analyze the health risks of hair straighteners, that are used primarily by black women, in 2023. Now they&#8217;re asking the agency why it has twice postponed its planned date for proposing a ban on products containing [&#8230;]]]></description>
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<p>								policy<br />
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<p>Two members of the US House of Representatives initially urged the US Food and Drug Administration (FDA) to analyze the health risks of hair straighteners, that are used primarily by black women, in 2023. Now they&#8217;re asking the agency why it has twice postponed its planned date for proposing a ban on products containing formaldehyde, which studies have shown to guide to increased cancer rates.</p>
<p>Democratic Reps. Ayanna Pressley of Massachusetts and Shontel Brown of Ohio urged the FDA in a letter to finalize the proposed rule banning certain hair straighteners for salon and residential use. Rep. Nydia Velazquez of New York joined Pressley and Brown in signing the letter, which is dated Tuesday.</p>
<p>The FDA announced a possible rule for 2023 and had initially set an April goal date for publishing the proposal. The date was then pushed back to July after which to September.</p>
<p>The letter from Pressley, Brown and Velazquez &#8211; all of whom are running for re-election this 12 months &#8211; asks FDA Commissioner Robert Califf to offer specific reasons for the delay.</p>
<p>Pressley told the Associated Press that one reason black women seek hair straightening treatments is because they face discrimination due to their hair.</p>
<p>&#8220;If you Google unprofessional hairstyles for work right now, you&#39;re inundated with images of black women,&#8221; said Pressley, who also believes further delay may lead to more health issues for communities of color. &#8220;Everything from protective hairstyles, Senegalese twists or braids like I wore for many years, to Afros or locs&#8230; I just want everyone to be able to show up fully, authentically, with no regrets, without fear, without discrimination.&#8221;</p>
<p>It&#39;s not unusual for the FDA to have issues on its regulatory agenda for years. For example, a draft of a proposed ban on menthol cigarettes was released in 2022, however the deadline for finalizing the rule was pushed back twice before being postponed indefinitely in April.</p>
<p>When asked in regards to the letter, an FDA spokesperson told AP that officials would respond on to lawmakers. Last month, the agency said the proposed ban was still one among its top priorities and was within the legislative process, but couldn&#8217;t comment to AP on the timing or content of the proposal.</p>
<p>Black women and ladies of other ethnicities have been using chemical hair straightening treatments for a long time, and lots of the straighteners, creams and keratin treatments contain formaldehyde – a chemical utilized in pesticides and to preserve dead bodies.</p>
<p>A 2022 study from the National Institutes of Health found that folks who used hair straighteners had an increased risk of developing uterine cancer. A 2023 study from Boston University found that postmenopausal women who used hair straighteners most steadily had a greater than 50% increased risk of uterine cancer than women who used them rarely.</p>
<p>Thousands of lawsuits allege that cosmetic firms that make a number of the hair straighteners misrepresented the products&#39; &#8220;health effects&#8221; and exposed plaintiffs to chemicals that increased the danger of uterine and ovarian cancer. Some also claim they became infertile after using the products.</p>
<p>In an October social media video, the FDA reminded that there is no such thing as a ban yet and that the agency plans to work with the cosmetics industry to encourage them to develop alternative hair straightening products.</p>
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