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Biden bets on ‘Bidenomics’ for 2024 victory
President Joe Biden is gambling his 2024 re-election on a continued strong US economy and manufacturing resurgence with a speech Wednesday launching his newly branded "Bidenomics." The Democrat's speech, heavily promoted in advance by the White House, will see him take credit for a powerful US recovery from the COVID pandemic shutdown and subsequent supply chain nightmares. "You'll hear the president today talk about the fact that the United States right now..., we are leading the world in terms of the fastest, strongest economic recovery since the beginning of the pandemic among G7 countries," Principal Deputy Press Secretary Olivia Dalton told reporters. It's a bold, potentially risky move for Biden to put the economy at the center of his re-election platform, brushing aside months of warnings that the world's biggest economy might still hit a post-pandemic recession. Putting his name on it is even bolder, with "Bidenomics" deliberately echoing and refuting Republicans' long-cherished "Reaganomics," in reference to the 1980s boom under Ronald Reagan. Biden was bullish Wednesday on departure for Chicago, telling reporters at the White House that he's "been hearing every month there's going to be a recession next month." Now the consensus, he said, is that "we're not going to have a recession." 'Bidenomics' or 'Reaganomics'? So far, the sales pitch is having trouble getting through -- in large part due to the lingering inflationary pressures on a country that had grown used to low price increases. A May poll by ABC News/Washington Post even found Biden's scandal-plagued Republican predecessor -- and likely 2024 rematch rival -- Donald Trump leading by 18 percentage points on the question of who handled the economy better. But the White House says inflation is on a slow but steady decline and that "Bidenomics" is changing the playing field in a way that will benefit the middle classes. Huge spending bills passed by Congress during Biden's first two years in power are pouring money into green energy technology, semiconductors, and not less than $550 billion for revamping the country's roads, bridges, and other infrastructure. Lael Brainard, director of the National Economic Council, told reporters Tuesday that the Reagan-era trickle-down theory led to the hollowing out of US industrial cities with offshoring and abandonment of ambitious infrastructure upgrades. By contrast, Biden is using government funding as a catalyst for a "boom in private sector spending in manufacturing construction." She touted funding for the expansion of broadband internet to every corner of the United States as an echo of Franklin Roosevelt's epic electrification program to modernize the nation in the 1930s. As for getting voters to buy into the "Bidenomics" pitch, that will come as Americans start seeing the funds begin to kick in, Dalton said. "We're seeing shovels in grounds, we're seeing private investment come back to our country, we're seeing millions of jobs created. So now is the time, with all of those accomplishments, (when) the president can take this message to the American people and say this is what Bidenomics is," Dalton said. "We're just starting to feel the impact." The post Biden bets on ‘Bidenomics’ for 2024 victory appeared first on Daily Tribune......»»
MLB players begin reporting for tests as first workouts near
By DAVE SKRETTA AP Sports Writer Yoán Moncada has spent the past couple of months working out in what he called a “controlled and limited environment” in Florida, where the White Sox slugger could continue to get at-bats while protecting himself from the coronavirus. That's a good description of the environment that greeted him upon his return to Chicago. Players began reporting to their teams and home ballparks Wednesday in the most significant step yet as Major League Baseball presses ahead with its plan for a 60-game sprint of a season. Most players underwent a battery of health checks, not only for COVID-19 but also for any other lingering ailments from spring training, ahead of planned workouts beginning Friday and Saturday. “We were doing workouts by time, you know? You have to reserve a time. I wasn't interacting with a lot of people there,” Moncada said of his sessions in Florida. “The last couple of weeks I started lifting a little bit. I was hitting with limitations that we had during this situation. But I feel good. I'm ready to go.” Much like other clubs, the White Sox intend to split their 60-man roster into two groups, one working out in the morning and the other in the afternoon. All players will have their temperatures checked multiple times each day, observe increased social distancing and get accustomed to stringent safeguards that MLB has put into place for the season. “That's going to be different to see and feel as a team,” Moncada said. “We'll have to wait and see Friday how it goes.” The Yankees won't hold their first full-team workout until Saturday, even though manager Aaron Boone said players began intake testing Wednesday. That's when he plans to address the team for the first time — also in waves. “We’ll have to get creative with how we communicate,” said Boone, who plans to make the same speech three or four times. Faced with the prospect of playing 60 games in 66 days, time-consuming safety protocols, the responsibility to remain diligent health-wise off the field and the general anxiety of working amid a pandemic, Boone believes focus and toughness can be as important to a team this season as baserunning or bullpen management. “How do you deal with that mentally and emotionally?” Boone asked. “How you’re able to separate that out when you take the field each and every night? There’s an advantage to be had there." After gauging workloads for pitchers during the shutdown, Boone expects his starters will be ready to face live hitters on the first day of summer camp. He plans to stay flexible on usage and may consider using a six-man rotation or openers, but nothing has been determined yet as all teams adjust to a new norm. “An injury can wipe out a season in a hurry,” Boone said, adding that he’s likely to be cautious with players early after New York placed a major league record 30 players on the injured list a total of 39 times last season. Orioles general manager Mike Elias said there had been no positive tests for COVID-19 among players and staff who were examined Wednesday, but he acknowledged that “it's going to be an ongoing process.” Elias has thus far named only 44 players of the 60 available to participate in the preseason workout. He will decide later which prospects will fill out the preseason roster in advance of a projected season-opener July 23 or July 24. And despite rising numbers of COVID-19 across the country, and a few players opting out, most players and executives have been bullish on the season taking place. They believe in protocols hammered out during lengthy negotiations between MLB and its players' association and are eager to provide fans with some much-needed diversion. “We’ve got to make sure we understand best practices in social distancing, make sure we know we are keeping ourselves not only apart from one another but also behaving in a way that’s consistent to what’s going to keep us all healthy," Mets general manager Brodie Van Wagenen said. “Provided we can all work together to comply with these protocols and respect — as I said earlier —- respect each other and respect the rules, I’m optimistic that we can make this happen.” ___ AP Sports Writers David Ginsburg, Jake Seiner and Mike Fitzpatrick contributed to this report......»»
Numerous Individuals and Businesses Profit from Trump Media Stock
Former President Donald J. Trump’s social media company, Truth Social, had a successful first official trading session on the Nasdaq, with shares surging and approaching.....»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
EAM Jaishankar, Singapore PM exchange views on deepening engagement in fintech, digitalization, green economy
New Delhi [India], March 26 (ANI): External Affairs Minister S Jaishankar and Singapore Prime Minister Lee Hsien Loong exchanged views on deepening engagement in fintech, digitalization, the green economy, skills development and food security. EAM Jaishankar concluded his visit to Singapore on March 25. He was on an official visit to Singapore from March 23-25, the first leg of his visit to Singapore, Philippines and Mala.....»»
Franki Russell dream come true ang maging Miss Universe New Zealand
SUPER grateful ang aktres at dating “Pinoy Big Brother” housemate na si Franki Russell sa pagiging representative ng New Zealand para sa prestihiyosong Miss Universe pageant. Sa kanyang Instagram page ay ibinandera niya ang mga larawan na kuha noong araw na italaga siya bilang Miss Universe New Zealand. “A new chapter. Where to begin?” panimula.....»»
EAM Jaishankar, Singapore PM exchange views on deepening engagement in fintech, digitalization, green economy
New Delhi [India], March 26 (ANI): External Affairs Minister S Jaishankar and Singapore Prime Minister Lee Hsien Loong exchanged views on deepening engagement in fintech, digitalization, the green economy, skills development and food security. EAM Jaishankar concluded his visit to Singapore on March 25. He was on an official visit to Singapore from March 23-25, the first leg of his visit to Singapore, Philippines and Mala.....»»
Hamas tells mediators it will stick to original position on ceasefire
Hamas earlier presents a Gaza ceasefire proposal to mediators and the United States in mid-March that includes the release of Israeli hostages in exchange for freedom for Palestinian prisoners, 100 of whom are serving life sentences.....»»
Stocks retreat as investors stay on sidelines
Share prices retreated yesterday as investors opted to stay on the sidelines with trading shortened to three sessions this Holy Week......»»
Nexperia workers decry mass ‘lay-offs’, claim union-busting
The lay-offs are set to begin while Collective Bargaining Agreement negotiations are underway. The post Nexperia workers decry mass ‘lay-offs’, claim union-busting appeared first on Bulatlat......»»
Thin volume seen on short trading week
Local stocks are expected to move sideways this week with only three trading days due to the Holy Week break......»»
SEC wants SMEs to embrace sustainability
The Securities and Exchange Commission (SEC) wants to instill sustainability into the business practices of not only big companies but also the small and medium enterprises......»»
Balik-Tanaw | The dissident love of Jesus
The readings for Palm Sunday begin with narrating the triumphant entry of Jesus and His disciples to Jerusalem. According to the story, Passover and the Feast of the Unleavened Bread is coming in two days’ time and a lot of Jews will go up to Jerusalem to celebrate the feast. As observant Jews, Jesus and his disciples came to Jerusalem in observance of the feast that will take place (John 12: 12-16; Mark 14:1-15). When they drew near Jerusalem, to Bethphage at the Mount of Olives, Jesus instructed his two disciples to go to a village where they will find an ass and to bring it to him. Jesus rode on the ass when he entered Jerusalem. The people accompanied him and they held palm branches while crying out, ‘Hosanna! Blessed is he who comes in the name of the Lord! Blessed is the kingdom of our Father David that is to come! Hosanna in the highest!’ (Mark 11:1-10). The post Balik-Tanaw | The dissident love of Jesus appeared first on Bulatlat......»»
Bago farmers get P1-M capital trading support
Bago farmers get P1-M capital trading support.....»»
US Bolstering Philippines Amid Increasing Assertiveness by China
washington - The U.S. and Philippines will for the first time venture outside Manila's territorial waters when they begin joint annual combat drills in April, a Philippines government spokesman said Thursday.Colonel Michael Logico said elements of the Balikatan 2024 drills would be conducted about 22 kilometers (more than 12 nautical miles) off the west coast of Palawan, an island in the archipelago nation that.....»»
Lady Spikers begin push for top spot
Defending champion La Salle, after a slight stumble in the first round, wants some serious business to regain its rightful place on top when it begins its crucial second-round campaign in the UAAP Season 86 women’s volleyball tournament Saturday at the Smart Araneta Coliseum......»»
From the Newsrooms: March 10 to 16, 2024
THE STATE of the ruling alliance has taken back the news spotlight as the President and his predecessor engaged in yet another sharp exchange, suggesting that all is not well in Team Unity. The depth of hostility between the two remains the subject of public speculation.The media this week reported yet another back-and-forth between President Ferdinand Marcos Jr. and the former president, Rodrigo Duterte. The ex.....»»
Belle Corp sets PLC tender offer price at P0.85/share
Belle Corp and Premium Leisure Corp were both voluntarily suspended for the day yesterday after BEL disclosed details of its proposed tender offer to acquire PLC’s public float and eventually delist PLC from the exchange......»»
Chicago measles outbreak; Wisconsin continues to monitor cases – The Daily Guardia
The Daily Guardian Wisconsin on High Alert as Measles Outbreak Hits Neighboring State As Illinois grapples with a measles outbreak, Wisconsin health officials are on.....»»
Cebu Landmasters prices its follow-on offering
Cebu Landmasters set the dividend rates for its P5 billion follow-on offering that will begin selling to the public tomorrow......»»