this post was submitted on 15 Nov 2024
41 points (95.6% liked)

News

23293 readers
3825 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), up to $6.6 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The award comes after the previously signed preliminary memorandum of terms, announced on April 8, 2024, and the completion of the Department’s due diligence. The award will support the company’s planned investment of more than $65 billion in three greenfield leading-edge fabs in Phoenix, Arizona. The Department will disburse the funds based on TSMC Arizona’s completion of project milestones.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 14 hours ago

So, what a lot of people get wrong about tariffs is that, if they're used properly, they "incentivize" an increase of American businesses and jobs. By making it uncomfortably expensive for importers, businesses sprout and flourish locally to offset the costs. Alternatively, the government can literally hand out incentives.

If we could remove the bullshit-politics of it, we'd be having more productive conversations about whether the consumer should be paying for goods and services they directly or tangentially use (tariffs) or if the nation as a whole benefits by using tax payer dollars (congressionally approved federal spending) to lower costs.

This here is one of the distinct differences between Democrats and Republicans. The Republicans want to eliminate federal sending on practically everything not in the constitution and leave the rest up to the States and Wall Street investors. A lot of the conservatives I know resent having to pay for things they don't use. Democrats believe a rising tide lifts all ships and there are certain services that benefit the entire population of a nation when funds are pooled; even from people who don't directly use a service. These are fundamental differences that are worthy of debate.

The media today drives me mad. They're lazy and feeding off each other. One outlet runs a headline and that's the lede for all. Sure, Trump is an idiot and it's entirely plausible that has no idea how tariffs work. The fact that he's saying 50% or more in some cases is evidence of that. Or, what I have not seen discussed at all is how tariffs have been used and the repercussions/benefits of them. We're all so fucked because no one wants to seem like they're defending the guy. Giving him an inch gives him legitimacy. In the meantime, people are being misinformed and not learned about the larger picture - by the media.

Anyway, I hope people realize how incredible Biden has been as a president. We're so obsessed with bullshit-politics that the man's actual accomplishments go unnoticed without any appreciation. Maybe he's just old or maybe he's actually humble enough to not make a big deal about his administrative accomplishments. I forget how Presidents and normal news coverage used to be to make a comparison. One thing is for sure, anything positive of the Trump administration will be thanks to the Biden administration.