Tag: Department of Commerce

China Pumps Tens of Billions Into Key Industry Amid Tech War with U.S.

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Xi Jinping

The Chinese Communist Party has launched a $47.5 billion state-backed investment fund to strategically boost the semiconductor industry in competition with the U.S., Reuters reported Monday.

The 344 billion yuan investment is the biggest of three funds that have been established, with the first being created in 2014, providing 138.7 billion yuan in capital, and the second in 2019, providing 204 billion yuan, according to Reuters. China is subsidizing its semiconductor industry in a bid to compete with the U.S. in the manufacturing of the technology, with chips showing good potential in both military and consumer aspects.

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‘Clear Violation of the Law’: Biden’s Multi-Billion Dollar Broadband Plan Defies Congressional Mandate, Experts Say

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Joe Biden

The Biden administration’s program to expand access to broadband internet may run afoul of the law that created it, experts told the Daily Caller News Foundation.

The National Telecommunications and Information Administration (NTIA), part of the Department of Commerce, is responsible for allocating $42.5 billion in funds intended to bolster the United States’ broadband internet infrastructure through the Broadband Equity Access and Deployment Program (BEAD) program. The agency, in a move to expand high-speed internet access to low-income communities, has been attempting to force states to adopt price controls for broadband services provided through the new projects, a strategy experts say could be illegal.

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Chinese Solar Companies Have Been Dodging Tariffs, Biden Admin Says

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The Department of Commerce (DOC) determined Friday that five Chinese solar panel companies have been dodging U.S. tariffs by directing their operations through other Asian countries not subject to the import restrictions.

The DOC found in its probe that Trina Solar, Canadian Solar, BYD and Vina Solar have all used other countries in Southeast Asia, such as Vietnam, Thailand, Malaysia and Cambodia, as conduits to evade tariffs designed to protect the relatively young American solar industry from Chinese competitors that can undercut them with a cost advantage, which in some cases may be derived from the use slave labor of detained Uyghur Muslims in supply chains. The findings may complicate the Biden administration’s plans to rely on solar panels as a key pillar of its sweeping climate agenda, which aims to have the U.S. economy reach net-zero carbon dioxide emissions by 2050.

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Ohio Lawmakers Introduce Bipartisan Legislation to Legalize Adult-Use Cannabis

Hannah Poling

A bipartisan group of Ohio lawmakers introduced a bill that would legalize adult-use cannabis in Ohio.

House Bill (HB) 168 known as the “Ohio Adult Use Act” sponsored by State Representatives Jamie Callender (R-Concord) and Casey Weinstein (D-Hudson) would permit Ohio residents over the age of 21 to grow, buy, and possess cannabis, as well as allow the expungement of conviction records for prior crimes involving cultivation and possession.

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Wisconsin Law Firm Files Discrimination Lawsuit Against Biden’s Woke Small Business Agency

M.D. Kittle

The Biden administration is facing another discrimination lawsuit, accused once again of employing identity politics to play favorites. 

On Tuesday, the Wisconsin Institute for Law & Liberty (WILL) filed the complaint in U.S. District Court-Northern Texas alleging President Joe Biden’s Minority Business Development Agency “violates the Constitution’s core requirement of equal treatment under the law.” 

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Wisconsin Congressman Calls on LinkedIn to Remove Job Listings for Companies That Pose Security Threats

Bradley Vasoli

U.S. Representative Mike Gallagher (R-WI-8) this week urged the head of the career-networking website LinkedIn to prohibit the platform from posting job openings at companies posing security threats to America. 

Gallagher, who sits on the House Permanent Select Committee on Intelligence and the House Armed Services Committee, penned a letter to LinkedIn Chief Executive Officer Ryan Roslansky, drawing particular attention to companies with ties to the Chinese Communist Party (CCP). The congressman stated that the site presently welcomes thousands of employment-opportunity notices from China-based corporations the U.S. government flags as national-security and privacy risks. 

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Revised GDP Numbers Show the Economy Shrinking

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The Department Of Commerce revised the estimate of Gross Domestic Product (GDP) Thursday morning, finding similarly to July’s estimate that real GDP contracted in the second quarter of 2022.

The revised estimate for the second quarter finds that real GDP decreased annually at a rate of 0.6%, slightly less than the July 28 estimate of a 0.9% decrease, according to the Bureau of Economic Analysis.

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Trade Deficit Hits Record as Demand for Imports Soars

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The U.S. trade deficit soared to a record high in November as consumer demand for goods and the easing of supply chain bottlenecks caused imports to surge, according to the Commerce Department.

The goods deficit increased in November to $99 billion as consumers shopped for holiday gifts earlier than in previous years, the Commerce Department announced Thursday. Imports outweighed exports, bringing the U.S. trade deficit in goods and services in November to $80.2 billion.

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Department of Commerce Blacklists Tech Companies Helping Chinese Military

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The U.S. Department of Commerce added several Chinese technology companies to its trade blacklist Wednesday for providing technological support to the Chinese military.

The Commerce Department added the firms to its Entity List, which imposes severe trade restrictions on covered entities, characterizing the companies as “acting contrary to the national security or foreign policy interests of the United States.”

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U.S. Government Allegedly Approves Sale of Electronic Chips to Huawei

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The United States government has allegedly approved the sale of hundreds of millions of dollars worth of electronic chips to Chinese technology giant Huawei, in a massive reversal of a Trump-era policy by the Biden Administration, as reported by the Daily Caller.

The report was first made by Reuters on Wednesday, which cited two anonymous sources who claimed to be familiar with the deal. Huawei intends to use the new supply of chips to construct more automatic components of automobiles, including video monitors and motion sensors. Huawei allegedly asked the suppliers to raise the value of chips from hundreds of millions to at least one billion for the next sale after the four-year licensing agreement expires.

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Biden Administration Unveils ‘Historic’ Investment for Communities That Could Create 300,000 Jobs in the ‘Near Term’

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President Joe Biden’s administration announced that it would give $3 billion in coronavirus stimulus funds to approved local communities across the country.

The program dubbed “Investing in America’s Communities” amounts to the largest initiative of its kind in decades, according to the Department of Commerce. Local governments and organizations nationwide impacted by the coronavirus pandemic are able to apply to receive the federal funds.

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Inflation Spiked While Personal Income Dropped in April, Key Economic Report Shows

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Two men in grocery aisle, shopping

A key measurement of consumer spending and personal income showed the economy experienced higher-than-expected inflation in April, according to the Department of Commerce.

The Personal Consumption Expenditures (PCE) price index — a main inflation indicator used by the Federal Reserve that measures consumer price increases  — ticked up by 0.6% while the core PCE index, which excludes food and energy, increased 0.7% in April, the Commerce Department reported Friday. The Disposable Personal Income index, which measures how much after-tax income Americans have — decreased by 14.6%, or $3.22 trillion.

Economists had expected the PCE measure to come in lower than it did, CNBC reported.

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Citizenship Question Has Been Included on Canada’s Census Since 1901

Anthony Gockowski

  The debate over whether or not to include a citizenship question on the 2020 U.S. census has become the latest division in American politics, but a similar question has been included on Canada’s census for more than a century. On Saturday, the Canadian Broadcasting Corporation (CBC) reported that America’s neighbor to the north has included a citizenship question on its census since 1901. CBC notes that Canada’s long-form census asks: “Of what country is this person a citizen?” Respondents can select three possible answers, including: “Canada, by birth,” “Canada, by naturalization,” or “Other country – specify.” “The citizenship question has a long history on the Canadian census, being introduced for the first time on the 1901 census,” Emily Theelen, a spokeswoman for Statistics Canada, told CBC. “This information is used to estimate the number of potential voters and to plan citizenship classes and programs,” Theelen added. “It also provides information about the population with multiple citizenships and the number of immigrants in Canada who hold Canadian citizenship.” Canada conducts its census every five years, while the U.S. census occurs every 10 years. Immigration lawyer Lorne Waldman said there’s no evidence that census information has been abused for immigration-enforcement purposes…

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Committee on Foreign Investment May Not Be Able to Handle Its Exploding Caseload

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by Riley Walters   The Committee on Foreign Investment in the U.S. is often compared to a black box. Investors may be aware of what it does, but few know what really goes on inside. The nine members of the committee, drawn from various federal agencies, are in charge of reviewing foreign investments to determine whether or not they may pose a threat to U.S. national security. Glimpses of the committee’s activities are largely limited to what’s reported in its annual publications and the occasional breaking news story – such as the recent report that the committee wants Beijing Kunlun Tech Co. Ltd. to sell its dating application, Grindr. It can be difficult to keep up with the committee given limitations on the information that is shared publicly – especially given its obligation to protect investors’ proprietary information as well as information sensitive to U.S. national security. Still, the limited information that becomes available can help inform investors of potential hurdles and costs they may face when seeking the committee’s blessings. [ The liberal Left continue to push their radical agenda against American values. The good news is there is a solution. Find out more ] Over the last few years, the number of…

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Wilbur Ross Orders NOAA To Give Firefighters All The Water They Need To Fight WildFires

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wildfire

by Tim Pearce   Commerce Secretary Wilbur Ross is using resources in his department to ensure that California firefighters are armed with enough water to fight wildfires scorching the state. Ross ordered the National Oceanic and Atmospheric Administration and other federal agencies to prioritize water use for fighting fires over previously arranged agreements. Ross also ensured that, consistent with the Endangered Species Act (ESA), marine habitats housing vulnerable plants and animals would not be unduly drained. “The California wildfires are a direct threat to life and property and all measures available must be taken to protect both,” Ross said in a statement. “Public safety is the first priority. Consistent with the emergency consultation provisions under the ESA, Federal agencies may use any water as necessary to protect life and property in the affected areas.” The Mendocino Complex Fire burning in Northern California has devoured more than 300,000 acres and is significantly larger than any other fire ever recorded to burn in California, USA Today reported. President Donald Trump blamed bad environmental laws for diverting water from fighting fires to other, less pressing needs on Aug. 5. California disputed the claim, saying the state and its emergency personnel have “no shortage of water supplies” to fight fires without depleting…

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Commentary: FAKE NEWS on Russia Reaches New Low with Wilbur Ross’ Natural Gas Shipping Company Narrative

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By Robert Romano   OMG! Commerce Secretary Wilbur Ross held stake in a company that ships natural gas, and actually found natural gas producers who wanted to ship it. One of them was Russia. Stop the presses! Actually, in this case, they probably should have stopped the presses. The breathless reporting by NBC News and the International Consortium of Investigative Journalists that Commerce Secretary Wilbur Ross failed to disclose to Congress his financial stake in Navigator Holdings Ltd., a British company that ships natural gas and liquid petrochemicals, which did business with Russia — is utterly false and completely indefensible. Nothing was hidden from Congress. So says Ross, in an exclusive interview with CNBC, saying, “That’s totally wrong. It was disclosed on the form 278 which is the financial disclosure form, in my case, three times,” Ross said. The form with his interest in Navigator, listed openly on the Office of Government Ethics website, was filed by Ross on Dec. 19, 2016, before Ross was ever confirmed by the U.S. Senate in Feb. 2017. That’s bad enough. But the allegation that a company that ships natural gas around the world, including from Russia — the number two producer of natural gas in the entire world second only…

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Commerce Secretary Wilbur Ross: Donald Trump Has Removed, Changed Over 800 Obama-Era Regulations

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Commerce Secretary Wilbur Ross said Friday that President Trump is “systematically” removing hundreds of regulations put in place by the Obama administration. “The president has already knocked out some 860 rules and regulations from the Obama administration, and every day we’re finding more and more to do. Remember, Obama put in something like 7,000 new rules…

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