so, i mean not everything is an solyndra. that s very true and a strong role for this kind of loan guarantee to encourage american innovation. we need to make sure we are doing it and allowing the innovation like elon to blossom where it blossoms and not putting our finger on the scale because we want it to go in a certain direction. john: two of the companies that might be up for new loan guarantees or new loans under the program, general motors and lg, apparently make 2.5, $2.6 billion to build battery plants for electric vehicles. seems to me like they re flush with cash. do they need a federal loan? indeed, and that s where you see the problems here and the greater disconnect is the legislation strongly encourages everyone to go electric on everything. but it does nothing to actually bolster the electric grid and you could look at secretary granholm s comments over the
On August 9, 2022, President Joseph R. Biden signed the CHIPS and Science Act of 2022 (the “CHIPS Plus Act”). As enacted, the CHIPS Plus Act amends legislation and appropriates funding .
comedian. johnson said, how are you doing? zelenskyy said, you know how i m doing. johnson said he is going to be providing 120 new armored vehicles to the ukrainian military. they re also providing anti-ship missiles which will be really important as the ukrainians try to defend the southern coast against further russian onslaught. there is also new world bank loan guarantees for the ukrainians trying to prop up their economy as well as their military. yasmin, it raises an interesting question, right? if the british prime minister can come here, the presidents of european commission could come here yesterday, when might we start seeing senior american officials coming to kyiv for face-to-face meetings with president zelenskyy? possible we might see secretary blinken, someone like that, but nothing has been announced like that. exactly what i was wondering and i m sure a lot of folks are wondering, as well, when we ll be seeing american officials, as you said, visiting the area and
seeing but also the economic as assistance that the u.s. has provided and is providing going further in the days ahead including in that package would be $1 billion in loan guarantees and something that the ukrainian government has asked for but it the not just the military side but it is the economic side as well. a series of concerns right now across the administration. thank you very much for that reporting. let s bring in kimberly dozier, a global affairs analyst and michael bowshirk, as spokesperson for the organization for security and cooperation in europe. michael, i want to start with you. it feels this hour as though things are escalating at an alarming pace. however, then there is all of these confusing counter veiling deta details and developments that we get. for instance, we are heard that ukraine might be open to promising that they would not
reform for a country that was reliant on a few oligarchs that controlled all of the natural resources to a totally different sort of economy and that is what s being crushed. jake, just imagine if i told you that a year ago, you know, it would cost you 10% to borrow money for a year and now you come to me and ask for a loan and i tell you it s going to cost you more than 20% to get that loan. that s what s happened to ukraine, to the government of ukraine for all of their borrowing. bloomberg estimates they need $5 billion to even stabilize the country. president biden has said the u.s. is considering about a billion dollars in loan guarantees, but it s bad, okay. when you start seeing that happen to sovereign debt, that is a real problem if it lasts for any period of time. vladimir putin has already inflicted that damage and that pain on ukraine, right? no tank has come across the border and you ve already seen that. today i talked to the ceo of one of the largest tech companies in uk