Top Story: Biden Regulator Passes Rule with Massive Implications for Millions of Workers
Day: April 25, 2024
01: Biden’s Basement
Top Commentary: Biden’s Title IX Revisions Aren’t Good News for Women
Biden Regulator Passes Rule with Massive Implications for Millions of Workers
The Federal Trade Commission (FTC) issued a final rule Tuesday banning noncompete agreements nationwide, affecting millions of Americans.
Regulators argue that banning noncompetes will promote competition by giving workers greater ability to switch jobs, increasing innovation and leading to more businesses being created, according to an announcement from the FTC. The FTC estimates that around 18 percent of U.S. workers, or 30 million people, are covered under a noncompete, with the new rule applying to anyone not in a senior executive role, which is defined as someone who is making more than $151,164 and in a policy-making position.
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Biden Signs $95 Billion Foreign Aid Bill for Ukraine, Israel, and Taiwan
President Joe Biden signed a $95 billion foreign aid bill Wednesday, ending a months-long trudge through Congress.
“It’s a good day for America, it’s a good day for Europe, and it’s a good day for world peace,” Biden said to kick off his remarks after the signing.
Read MoreUnsealed Docs Expose Early Collaboration Between Archives, Biden White House in Trump Prosecution
Just weeks after learning Joe Biden had improperly retained government documents, his administration began working with federal bureaucrats in spring and fall 2021 to increase pressure on Donald Trump for similar issues and eventually prompt a criminal prosecution of the 45th president, according to government memos newly unsealed by a federal judge.
The correspondence, released this week by U.S. District Judge Eileen Cannon in Florida, provide the the most extensive accounting so far of how the Biden White House worked with federal bureaucrats to escalate pressure on Trump to return documents to the National Archives even as it slow-walked similar issues involving its own boss.
Read MoreBiden Admin Used Border Wall Funds on ‘Environmental Planning,’ Government Watchdog Says
The Biden administration spent taxpayer dollars meant to fund a border wall to pay for “environmental planning,” according to a new report by the Government Accountability Office (GAO).
At the request of Republican Reps. Jack Bergman of Michigan and Jodey Arrington of Texas, the GAO investigated whether the Department of Homeland Security (DHS) broke the law when it effectively blocked the use of taxpayer dollars to build a wall along the southern border. While GAO’s final report clears the DHS of breaking the law, it confirmed that DHS used congressionally-appropriated funds meant for the wall to pay for “environmental planning” and efforts “to remediate or mitigate environmental damage from past border wall construction.”
Read MoreTesla Reports One of Its Worst Quarters in Years in Latest Sign of Trouble for EV Market
Tesla disclosed a shaky earnings report to the public on Tuesday in the latest sign of weakness in the U.S. electric vehicle (EV) market.
The EV maker’s revenue for the first quarter of this year came in nearly 10 percent below its revenue for the first quarter of 2023, marking the largest decline the company has seen since 2012, according to its quarterly report and CNBC. Tesla’s net income also fell by about 55 percent relative to 2023, and the company warned investors that “volume growth rate may be notably lower than the growth rate achieved in 2023.”
Read MoreCommentary: Biden’s Title IX Revisions Aren’t Good News for Women
Locker rooms and bathrooms at schools that accept public funding are about to become dangerous places for women — even in states that have the kind of commonsense legislation intended to keep women’s private spaces private.
Last week, the Biden administration released a host of changes to Title IX, the federal legislation that is best known for dictating equal treatment of men and women in sports and for governing the way schools handle sexual assault charges. While the administration hasn’t yet decided whether biological men who identify as female should be allowed to compete in women’s sports, it redefined “sex” as “gender identity” in almost every other context while simultaneously allowing schools to violate the due process rights of students accused of sexual assault.
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