U.S. Senate Passes Industrial Policy Bill to Compete with Beijing
Posted by John Chan | Jun 9, 2021
The United States Senate has passed a landmark, bipartisan bill to dramatically increase government spending on technological development. The bill, known as the U.S. Innovation and Competition Act, allocates $250 billion to spending in sectors deemed critical to America’s competitiveness against China. It now heads to the House, where it still must be reconciled with a bill authored by more skeptical House representatives. The Wall Street Journal’s John D. McKinnon
The legislation represents a potential landmark effort to turn the tide on several long-term trends in U.S. competitiveness. Those include eroding federal investments in research overall and a shrinking share of the world’s semiconductor manufacturing.
The No. 13 East Carolina University baseball team (43-15) won their match against the University of North Carolina at Charlotte 49ers (40-20) 7-5 and will move on to the Greenville
David McCabe hit a pair of home runs and scored three times and Jack Dragum went 4-for-4 with a homer to help Charlotte to a 13-10 win over Maryland in the
Demand for Restaurant Relief Fund Far Exceeds Funding
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Isabel Casillas Guzman, the head of the Small Business Administration.Credit.Ting Shen for The New York Times
Many applicants to the government’s pandemic relief program for restaurants, bars, caterers and other food businesses will be left empty-handed unless Congress provides more money for the $28.6 billion grant program, the head of the Small Business Administration said on Wednesday.
The agency’s Restaurant Revitalization Fund received more than 372,000 applications, seeking $76 billion far more than the fund has available, the administrator, Isabella Casillas Guzman, said at a House Small Business Committee oversight hearing.