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Pres. Joe Biden is proposing a massive investment in affordable housing through his infrastructure plan.
(Photo : Alex Wong/Getty Images) U.S. President Joe Biden speaks during an event on gun control in the Rose Garden at the White House.
Biden s Massive Investment in Affordable Housing
As the coronavirus pandemic drives house prices to new highs, President Biden Joe Biden is promising a huge expansion in affordable housing through his development initiative, according to a recently published article in The Hiill.
Housing is not a big part of Biden s $2.5 trillion American Jobs Plan, which he announced last week as the next step of his economic recovery plan. The bill, on the other hand, will expend four times the entire 2020 budget of the Department of Housing and Urban Development on a variety of projects aimed at combating a housing crisis compounded by the pandemic.
Etrillé sur les impôts, Amazon se pose en défenseur de l économie américaine - Entreprises
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Volkswagen plans to halve the cost of power systems for electric cars over the next decade in a massive investment push that could knock Tesla off its perch. The German giant will build six factories capable of producing 240 gigawatt hours of batteries a year in Europe over the next decade. This is enough to provide batteries for 4m cars, equivalent to just over 40pc of Volkswagen Group’s annual vehicle production. Herbert Diess, the VW chief executive, said: “E-mobility has won the race. Our goal is to secure a pole position in the global scaling of batteries.” The plans - estimated to cost about £20bn - means VW will abandon its reliance on external battery suppliers. It is also a definitive statement from the one of the world’s largest automotive companies that electric is the future for transportation. David Bailey, a car industry expert at Birmingham University, said: “VW is ending the uncertainty about whether the future is electric, hybrid