We have an opportunity to work with our colleagues in the House of Representatives and the new administration to defeat the virus, give the American people the help they need and reunite the country, writes Senator Chuck Schumer, the new majority leader, Credit . Al Drago for The New York Times.
Democrats in the Senate plan to prioritize a bill providing for increased assistance from Covid, including additional payments of $1,400 to many Americans and money to speed up vaccine delivery, as the first piece of legislation when they take control of the House.
The priorities outlined by Senator Chuck Schumer of New York, the new majority leader, in a letter to his colleagues Tuesday mirror many of the actions President-elect Joseph R. Biden Jr. said he would officially announce Thursday.
The president-elect has said repeatedly in recent days that he would urge Congress to pass additional pandemic relief legislation to boost the economic recovery model and accelerate efforts to provide vaccine doses. In a phone call with Schumer and House Speaker Nancy Pelosi on Friday, Biden stressed the need for immediate economic assistance for families and small businesses, funding for the Covid-19 response, including vaccinations, testing, reopening schools and workers at the state and local levels, according to notes from Biden’s transition team.
Mr. Schumer raised these issues in his letter. The work of the 117. Congress will begin after a devastating attack, after a devastating year, he wrote.
We have the opportunity to work with our colleagues in the House of Representatives and the new administration to defeat the virus, bring the help the American people need and reunite the country, he said.
Schumer said the emergency aid bill would include additional funds in addition to the 600 separate payments Congress approved last month to fulfill Biden’s $2,000 promise to voters in the second round of Georgia’s elections this month: We’ll do it.
He also said it would include money for vaccine distribution, schools, small businesses and aid to state and local governments that were not included in Covid’s last package in the conflict with Republicans. Schumer said senators will also draft broader legislation to address climate change, infrastructure, manufacturing, immigration, criminal justice, inequality and elections.
Democrats will control the Senate by the narrowest of margins – it will be split 50-50 – and Vice President-elect Kamala Harris will be able to cut all ties. says Democrats will try to work with Republicans on legislation when and where we can, but warns the other side: If our Republican colleagues won’t work with us to solve these problems, let’s not let that stop progress.
Walmart CEO Doug McMillon at a White House event in April. Walmart said it would suspend political donations to Republicans who voted against certifying the presidential election results. Credit… Anna Moneymaker/New York Times.
Walmart said Tuesday it is indefinitely suspending payment of contributions to members of Congress who voted against certification of the presidential election results because the businesses are under pressure after mobs stormed Capitol Hill last week.
Asked about Walmart’s corporate donations, including to the Republican Association of General Attorneys, a spokesman told Times Sunday that Walmart reviews and adjusts its political donations strategy at the end of each election cycle.
Over the course of the next few months, we will certainly incorporate last week’s events into our review process, said then-spokesperson Randy Hargow.
Hargow said Tuesday that Walmart will indefinitely contribute to members of Congress who voted against the state Electoral College’s legal certification, even as the company continues to revise its donation strategy.
Many companies, including Google, Goldman Sachs and Coca-Cola, have decided to suspend donations to both parties after the violence on Capitol Hill.
Fewer companies have indicated they will stop funding just 147 Republican congressmen who oppose certification of election results, as Walmart did on Tuesday. This group includes Marriott International, Dow, Airbnb and Morgan Stanley.
Last year, Walmart’s Political Action Committee spent $1.65 million on political donations, according to Open Secrets, a program of the Center for Responsive Politics that tracks the influence of money in politics.
Walmart CEO Doug McMillon heads the influential lobbying group Business Roundtable, which issued a strong statement after the election acknowledging Biden’s victory and stating that there was no indication that investigations or lawsuits would change the outcome.
President Trump is rushing to issue new economic regulations and executive orders before his term ends…Credit…Erin Schaff/The New York Times
President Trump is eager to issue a series of new regulations and executive orders that will help the economy, trade and commerce before President-elect Joseph R. is sworn in. Biden on the 20th. January should leave its mark. Here are some of the changes the administration is rushing to make.
Identification of employees as contractors. The Department of Labor issued a final rule Wednesday that could classify millions of workers in sectors like construction, cleaning and entertainment as contractors rather than employees, another step toward approving the business practices of companies like Uber and Lyft. – Noam Scheiber.
Restrictions on banks’ social and environmental activities. The Comptroller’s Office hastily approved a proposed rule prohibiting banks from making loans to certain types of businesses for environmental or social reasons, such as B. to fossil fuel companies. The regulator submitted the proposal on December 20. November and limited the time available to accept comments to six weeks, despite the holidays. – Emily Flitter.
Flipping light. The Department of Energy has blocked a rule that would phase out the use of incandescent bulbs, which are increasingly being replaced by much more efficient LEDs and compact fluorescent bulbs by individuals and businesses. Energy Secretary Dan Brouillette, a former auto industry lobbyist, said in December that the Trump administration did not want to limit consumer choice. This plan is expected to be implemented on January 1, 2009. January and was required by legislation passed in 2007. – Ivan Penn
The president’s behavior last week was totally unacceptable and absolutely inexcusable, said Thomas J.H. Baker, the president’s chief of staff. Donohue, Executive Director of the Chamber of Commerce…. Riccardo Savi/Getty Images for Concordia Summit
The U.S. Chamber of Commerce, the country’s largest corporate lobbying group, condemned President Trump’s behavior leading up to last week’s Capitol Hill rally and said Tuesday that lawmakers who supported his efforts to discredit the election would not receive more financial support from the organization.
This criticism is the latest response from the business community to Trump and the Republicans, which has resisted attacking the democratic process and represents a major flaw in the traditional alliance between industry and the Republican Party.
The president’s behavior last week was totally unacceptable and totally inexcusable, said Thomas J.H. Baker, the president’s chief of staff. Donohue, Executive Director of the Chamber of Commerce. He has undermined our institutions and our democratic ideals by his words and actions.
The group said it has confidence in Congress, the vice president and the cabinet to act prudently when considering whether to proceed with the 25th Amendment. Constitutional amendment or invoke a procedure to remove Mr. Trump from office before his term expires next week. The statement did not go as far as the statement issued last week by the National Manufacturers Association, which specifically called for the removal of the president.
The House of Representatives has a strong political action committee that supports candidates across the country. Neil Bradley, the group’s senior political adviser, said he assessed how lawmakers voted last week during the certification process and how they will vote in the coming days as the House prepares to approve Mr. Impeach Trump’s grant decisions. He said lawmakers who disrespect democracy will no longer receive funding.
The relationship between Chambers and Mr Trump is sometimes strained. The group opposed her protectionist trade policies and her efforts to curb immigration, but supported her measures to cut and repeal taxes.
In his State of the U.S. Economy speech Tuesday, Donohue asked Biden to repeal many of these tariffs and work with Congress on immigration reform.
Startup Plaid, which specializes in financial technologies and Visa cards, pulled out Tuesday of a $5.3 billion merger deal, citing an antitrust lawsuit filed by the Department of Justice.
The agreement between Visa and Plaid, a service that allows companies and apps to securely share customer data, was challenged in November by Justice Department officials who said the credit card giant was trying to resist a growing threat to its online payments business.
Visa has a monopoly on online debits, charging consumers and merchants billions of dollars a year to process online payments, the Justice Department said in a news release Tuesday. The Department stated that Plaid is developing its own payment platform and that a merger would allow Visa to eliminate this competitive threat to its online debit business before Plaid has a chance to succeed.
Visa and Plaid executives stated that they disagreed with the Department of Justice’s position, but decided not to challenge the lawsuit because it would be dismissed by canceling the merger.
Al Kelly, Visa’s Chief Executive Officer, said Plaid’s capabilities complement and do not compete with Visa’s, adding that he believes the companies will win the case.
However, it has been a year since we announced our intention to acquire Plaid, and the long and complex process may take a long time to fully resolve, he said.
Added Zach Perret, CEO of Plaid: While Plaid and Visa would have been an excellent combination, we chose to work with Visa as an investor and partner.
The past year has been a very busy one for financial data companies: Intuit, which owns TurboTax and Mint’s personal finance arm, announced in February the acquisition of the Credit Karma credit bureau for $7 billion, another deal the Justice Department would consider. In June, Mastercard announced it was buying financial data company Finicity.
Boeing said it received orders for 90 new planes in December after the 737 Max was cleared to fly again…Credit…Jason Redmond/Agence France-Presse – Getty Images
Boeing’s 2020 order book is down by 500 planes, although the tide turned toward the end of the year after the Federal Aviation Administration allowed the resumption of 737 Max operations after a 20-month hiatus.
The company said Tuesday that it received orders for 90 new aircraft in December, most of which are part of a previously announced deal with European airline Ryanair. The company also sold eight 777 freighters to DHL. These orders were offset by 107 cancellations in the course of the month under review.
The resumption of deliveries of the 737 MAX in December was an important milestone as we strengthen safety and quality throughout our company, said Greg Smith, chief financial officer of Boeing, in a news release.
In addition to the Max crisis, which has cost billions of dollars, Boeing has also been hit by a pandemic that has significantly delayed air travel, as well as concerns about problems and manufacturing defects with the 787 Dreamliner, which is popular with airlines and used for longer flights.
Boeing received only 184 new orders last year, offset by more than 650 cancelled orders, almost all for Max. After taking into account delivered aircraft, cancellations, and orders the company believes it cannot fulfill, Boeing’s total order backlog is down by nearly 1,000 aircraft.
The 2020 figure does not include Alaska Airlines’ announcement to add 36 aircraft to its current Max purchase and lease agreement.
Max’s crisis appears to be abating as aviation authorities around the world prepare to follow the FAA’s lead and allow airlines to resume commercial operations. Last week, the company also agreed to a $2.5 billion deal to deal with the Department of Justice raising criminal charges for attempted fraud at the FAA.
The pandemic continues to affect Boeing customers, but with the distribution of vaccines, it is hoped that travel demand will recover quickly.
- Wall Street stocks were virtually unchanged Tuesday, after failing to capitalize on the gains that helped the major U.S. benchmarks hit record highs last week.
- After fluctuating between gains and losses, the S&P 500 ended the day with a gain of less than a tenth of a percent. Most of the major benchmarks in Europe are also unchanged or declining.
- Energy prices rose, with West Texas Intermediate crude reaching its highest price since February.
- The S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite Index all closed at record highs last week, but fell back on Monday.
- Investors have largely overlooked the political turmoil in Washington and the state of the pandemic and have instead focused on a ripe future for the U.S. stock market, in part due to the introduction of the coronavirus vaccine and the fiscal and monetary policies that support it. They expect gains, even though U.S. stocks haven’t been this expensive since the Internet bubble in 2000 because of some valuation measures.
- Lombard Odier, a Swiss private bank, said it is also still invested in U.S. stocks. The shift in the balance of power and stimulative support for the real economy are creating a healthy environment for risky assets, especially equities, Stefan Moner, the bank’s asset manager, wrote in a note. He added that the bank was betting on an economic recovery and was also buying more European and emerging equities.
Adrian Vitsisk, left, an executive at Henkel, at a meeting using SafeZone digital social distance technology to prevent the spread of the coronavirus…Anna Liminovich for the New York Times….
A small technology that played a big role in helping prevent the National Basketball Association virus during the 2019-20 season is attracting more and more attention.
The device, an armband that players, coaches and trainers can wear on the field, is equipped with a digital chip that creates social distance by emitting a warning – both light and sound – if those wearing it get too close for too long.
These groups have been picked up by the National Football League, the Pacific-12 College Football Conference and other sports leagues around the world, reports Christopher F. Schütze for the New York Times.
Munich-based startup Kinexon, which developed the N.B.A. wristbands, is happy to help protect elite athletes from the virus, even though there are privacy issues with the devices. The focus now shifts to the other areas: Production lines in factories, warehouses and logistics centers where millions of people continue to work despite the pandemic.
One of the companies working with Kinexon is Henkel, a global producer of industrial and household chemicals based in Germany. Henkel tested an earlier version of its Kinexon wearable technology, which was designed to prevent collisions between forklifts and workers in busy factories. Kinexon invited Henkel to test a variant of this technology called SafeZone.
The company claims to provide this technology to more than 200 companies worldwide. He estimates that his passes prevented 1.5 million contacts per day, which is difficult to confirm. The sensors cost between $100 and $200 each.
It’s not just important that the technology works in the lab, but that it goes where people need it, says Oliver Trinchera, co-founder of Kinexon and one of its CEOs, whether it’s in the factory or on a sports field.
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Mark Levin, a radio host who supports Trump, tweeted about the massive fraud against the president.
linked to Eric Lesser/EPA credit, via Shutterstock.
- On Monday, Twitter reported that more than 70,000 accounts supporting QAnon’s conspiracy theory had been deleted in recent days. Twitter, which carried out the suspensions this weekend, said it has taken steps to address posts that could cause harm offline. He added that many of the users who were deleted were working with multiple QAnon accounts, increasing the total number of deleted accounts.
- Cumulus Media, a radio station whose listeners include right-wing personalities such as Dan Bongino, Mark Levin and Ben Shapiro, has asked its staff at 416 stations nationwide not to support misinformation about election fraud. The choice has been made, there are no other acceptable routes, said a memo sent to employees on Wednesday. Please let your employees know that we have a ZERO response for suggestions to the contrary. If you violate this policy, you may be immediately separated from the company. It is never about stolen elections, civil wars or any other term involving violent public disobedience.
- Amazon said Monday that it will remove from its website products that are QAnon, an unfounded conspiracy, after supporters of QAnon protested during a riot on Capitol Hill last week. This decision follows Amazon’s decision to ban the right-wing social network that talks about web servers and online services.
- In particular, Marriott International, Dow, Airbnb and Morgan Stanley said they would end their political action committee donations to the 147 Republican members of Congress who oppose certification of the 6th district election results. Janvier fought back. AT&T, whose PAC made the most donations to public companies in the 2019-20 election cycle, also said it would suspend contributions to these lawmakers. At the same time, Citigroup, Coca-Cola, Facebook, Goldman Sachs, JPMorgan Chase and Microsoft said they were suspending PAC donations to Republican and Democratic candidates for various terms – a tactic that would also punish those who supported the election.