Prime Minister Anthony Albanese has lambasted the Australian Greens for taking a hardline stance on the Housing Affordability Future Fund (HAFF), which could result in a potential double dissolution showdown. “For the Greens political party, this isn’t about the Australian people. This is about them. They want the issue, not the outcome. They deal in…
Left vs. Left: Labor PM Says Greens Stonewalling Housing Fund for Political Gain
June 22, 2023
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EPA Official Finally Testifies to House on Controversial Emissions Rules After Refusal in May
June 21, 2023
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The House is no longer “Waiting for Goffman,” a top Environmental Protection Agency official who appeared before Congress on June 21 after declining to show up to a similar May 17 hearing. In both cases, the House Committee on Oversight and Accountability wanted the Office of Air and Radiation’s Joseph Goffman to discuss his agency’s…
FTC Sues Amazon for ‘Sabotaging’ Customer Attempts to Quit Prime Service
The Federal Trade Commission (FTC) has taken legal action against Amazon for allegedly enrolling customers in its Prime program without their consent and then devising an elaborate scheme to prevent them from unsubscribing. The consumer protection agency made the allegations in a lawsuit (pdf) filed on June 21 at the U.S. District Court, Western District…
UK Returns to Coal Power After Solar Panels Fail in Hot Weather
June 21, 2023
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The United Kingdom has resorted to restarting a coal-fired power plant to meet demand for air conditioning after the nation was hit by a major heatwave. Temperatures in Britain hit 86 degrees Fahrenheit two weekends ago for the first time this year, pushing up demand for power as households and businesses faced unusually brutal heat….
Texas Requires State Charging Stations to Include Tesla’s Plug in Another Victory for Musk
June 21, 2023
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Tesla won a contract with the state of Texas among a series of victories that will likely pave the way in making the electric vehicle (EV) maker’s charging technology the dominant standard for powering electric vehicles in the United States. Texas announced on June 20 that it would require EV charging companies to include both…
Consumer Groups Call on Washington and Brussels to Regulate AI Tech
June 21, 2023
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A coalition of consumer advocacy groups in the European Union and the United States called on their governments to develop regulations for generative artificial intelligence (AI) technology. These groups are concerned about AI tech that power tools like ChatGPT are developing so quickly that consumers’ rights may be grievously harmed if state regulators fail to get involved….
Recent Bank Failures Show More Oversight of Midsize Lenders Needed, Fed’s Powell Says
The collapse of Silicon Valley Bank and Signature Bank in March shows that more oversight of midsize lenders is needed, Federal Reserve Chair Jerome Powell told lawmakers in his semi-annual testimony. While banking stress occurred in the fallout of the SVB and Signature failures, the Fed Chair reiterated that “the U.S. banking system is sound…
Housing Starts See Biggest Monthly Gain Since 1990, but Trend Unsustainable
June 21, 2023
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New U.S. housing starts registered the biggest monthly increase in more than 30 years in May, but some experts raised doubts about whether the trend is sustainable. “Privately owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000,” according to…
More Interest-Rate Hikes Are to Come as Inflation Pressure Still ‘Runs High’: Fed Chair Powell
June 21, 2023
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Federal Reserve chairman Jerome Powell on Wednesday affirmed that more interest-rate hikes are on the way as inflation in the United States is still too high above the central bank’s target of 2 percent. “Nearly all” participants in the policy-making Federal Open Market Committee (FOMC) “expect that it will be appropriate to raise interest rates…
‘Sustainable Jobs’ Transition Sparks Fear of Oil and Gas Industry Phase-Out
June 21, 2023
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Ottawa is proposing a major workforce shift toward a net-zero economy, calling it a transition toward sustainable jobs. With the plan being based on a definition of “sustainable” that the feds say will stay fluid over time, it’s causing widespread fears of a phasing-out of the oil and gas industry. Bill C-50, known as the…
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