4/01/2021

White House News (白宮消息) | Apr. 1 , 2021

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MARCH 31, 2021
President Biden on Infrastructure, Jobs and the Economy
President Biden traveled to Pittsburgh to announce his $2 trillion infrastructure and jobs proposal, known as the American Jobs Plan. He called the plan “a once in a generation investment in America,” and said it will create “the strongest, most resilient, innovative economy in the world.” The event was held at the Carpenters Training Center just outside of downtown Pittsburgh.


Biden infrastructure plan targets electric cars, clean power

Apr. 1 - President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the US economy while combating climate change.

The president’s plans, part of a $2.25-trillion infrastructure and stimulus blueprint he is set to unveil in Pittsburgh on Wednesday, are meant to catalyze investments in a clean energy economy and encourage low-emission technology necessary to constrain global warming.

Biden’s initiative would give a ten-year extension to tax credits that have been a boon to wind, solar and other renewable energy projects. His plan, which requires congressional approval, would also make those clean energy tax credits refundable -- a so-called direct-pay option that developers have sought as tax equity financing has dried up.     continue to read


Biden's Billions for Higher
president unveiled his new infrastructure plan Wednesday, with billions of dollars for community colleges, research and minority-serving institutions.

Apr. 1 - President Biden unveiled his new infrastructure legislation plan Wednesday, proposing billions of dollars for higher education over eight years.


The plan -- which is about $2 trillion in total -- would give $12 billion to updating infrastructure in community colleges and $50 million to the National Science Foundation. Historically Black colleges and universities and other minority-serving institutions would also be in for more funding under the proposal. The plan calls for a $10 billion investment in research and development and $15 billion to create 200 research incubators at those institutions, with the framing that those investments could eliminate racial and gender inequities in R&D and STEM. Of the $40 billion dedicated to improving research infrastructure and laboratories, half would be set aside specifically for HBCUs and other minority-serving institutions.

While there are some additions they say could be made, many in higher education are applauding the plan and its proposed investment.

“One thing that strikes you when you look at the summary the Biden folks put out is just the number of ways higher education serves in the recovery,” said Jon Fansmith, director of government relations at the American Council on Education. “It’s a pretty impressive commitment to higher education but I think it also demonstrates how inextricably linked colleges and universities are to the health of our economy.”     continue to read


On March 10, 2015 shows workers on an assembly line of the Mitsubishi Fuso Truck and Bus Corporation (MFTBC) Kawasaki plant in Kawasaki, suburban Tokyo.
Japan and South Korea reported unexpectedly strong economic data, as Asian stocks rise

Apr. 1, BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after Japan and South Korea reported unexpectedly strong economic data and President Joe Biden announced a $2.3 trillion U.S. infrastructure spending plan.


Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced.

Japan’s closely watched Tankan survey found business conditions improved more than expected. South Korea reported higher

March export growth. House prices rose in New Zealand and Australian manufacturing expanded.

“Asia-Pacific released a lot of data today, including Japan’s latest Tankan survey. Most of it was positive,” Robert Carnell of
ING said in a report.

​Biden announced plans to spend on broadband internet and clean energy, roads, bridges and public transit. The plan would roll back corporate tax cuts enacted under his predecessor, Donald Trump.     continue to read