his time and everyone else s time. and that s what s really sad about it. really quickly, lynette, you ve written this piece about china, which i think is the most underreported story over the past couple of years is how xi keeps committing one act of self-sabotage after another. just destroyed. taking apart the chinese economy, the chinese miracle piece by piece by piece. and you say there are consequences. you say, he is blowing up the economy. and that s not great news for the rest of the world. the less china can project soft power using its economy, whether it s by making deals in other countries or, you know, whatever it is, like talking to u.s. executives because their consumer demand is attractive to other companies, the more they will rely on hard power. building up the people s liberation army, using their spies in other countries. we re already hearing about these secret jails that they
who was behind we-work, the overhyped office space sharing company. once valued at $43 billion. before going through a disastrous attempt to go public. as our next guest writes, the flow deal is one of the most sufficient ways i ve ever seen silicon valley light money on fire. not only does this idea not fix a problem that our country actually has, it is going to be run by a person who grows a business with all of the discipline of a 6-year-old on a sugar high let loose in a water park. don t mince words. let s bring in lynette lopez who covers politics and economics and international markets and that was an excerpt from her latest piece which is entitled if you f up in the biggest ways you could be redeemed, . silicon valley just handed $350 million to the guy who crashed we-work. lynette, what is flow? and what is going here?
the climate area. the mix of tax credits and rebates on purchases like electric vehicles will be something we ll see in the near future as well as being able to access new funding to ramp up funding. the other elements around the inflation reduction act in terms of prescription drug negotiated prices won t take effect for a couple years. so there is a balance here that the president is going to be able to celebrate in terms of those immediate impacts. but big picture overall, this is a big win for democrats, especially now that we re almost two months out from the midterms, alex. lynette, to you, big word there being inflation. a lot of people want to know how long until they feel the intended effects of this bill. what do you expect? well, this bill actually takes on inflation in a longer-term sense i think than we even think about it now at
for the united states of america. cannot stress enough negotiating with medicare. that s a huge, huge win. lynette, unfortunately, we had a little bit of a spotty connection. we ll wrap this up despite having a few questions to ask you. thank you both. coming up, it is the last thing parents need to be worried about as kids head back to school. reports that polio has been detected in new york city s wastewater. what do doctors say about the risks for kids? we ll break it all down for you next. your background noise. bring that sense of calm, really. so you come through, loud and clear. meta portal. the smart video calling device that makes work from home work for you.
breaking news to share from the first family s vacation. first lady dr. jill biden is isolating after testing positive for covid-19. she was scheduled to leave with president biden from charleston, south carolina, and head back to washington about 20 minutes from now, in fact. the president, though, is scheduled to sign the inflation reduction act this afternoon at the white house. that, of course, the democrats $430 billion bill aimed at fighting climate change, expanding health care coverage and raising taxes on large corporations. nbc s maura barrett is on the ground in south carolina. we re also joined by lynette lopez, a columnist for insider. let me ask you what you re hearing about the first lady and how she feels and whether this could impact the white house signing today.