7/10/2021

US Economy | July 10, 2021

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Biden Launches War on Lack of Competition in American Industry, White House Says

Jul 10 - US President Joe Biden has launched a war against the lack of competition in American industry, rolling out 72 actions to mitigate the crisis which the White House said was accelerating inflation in an economy rebounding from the coronavirus pandemic.

​“In over 75 percent of US industries, a smaller number of large companies now control more of the business than they did twenty years ago,” the White House said in a statement, citing sectors such as healthcare, financial services and agriculture. “That lack of competition drives up prices for consumers”...     more

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JULY 9, 2021
President Biden Signs Economic Executive Order
President Biden signed an executive order aimed at promoting competition in the U.S. economy. He was joined by his Cabinet members in the White House State Dining Room. At the conclusion of the event, the president responded to a reporter question about his phone call with Russian President Vladimir Putin. 

Remarks by President Biden At Signing of An Executive Order Promoting Competition in the American Economy

JULY 09, 2021SPEECHES AND REMARKS

​State Dining Room 

THE PRESIDENT:  Hello, everyone.  They have a Cabinet meeting.  (Laughter.)  Please — please be seated.  Thank you.

​Well, it is not “good morning,” which my remarks say here, but — (laughter) — good afternoon.  We’re in the midst of a historic economic recovery.  And because our successful vaccination program strategy has been working and the immediate relief through the American Rescue Plan has brought back our economy from the worst economic crisis in nearly a century, America is now on track.  We’re now on track for the highest economic growth in 40 years and among the highest growth records on record.


We designed our ecomi- — our economic strategy to be durable through the ups and downs that come with recovery.  And there are ups and downs. 

That’s why the American Rescue Plan was designed to help people not just all at once, but over the course of a full year so we could continue supporting families, small businesses, state and local budgets to help them weather those ups and downs. 
And now that the economy is back on track, we’re making progress on the second phase of our strategy: ensuring long-term growth. 

​That’s what my Build Back Better agenda, including my Americans Family Plan and the bipartisan infrastructure agreement we reached last month — that’s what they’re all about: long term.

But to keep our country moving, we have to take another step as well — and I know you’re all tired of hearing me during the campaign and since I’m elected President talk about it — and that’s bringing fair competition back to the economy...     more
US President Joe Biden underscored the need for Russia to take action to disrupt ransomware groups.
Joe Biden dials Vladimir Putin on ransomware attack from Russia


Joe Biden spoke with Vladimir Putin about the ongoing ransomware attacks by criminals based in Russia that have impacted the US and other countries around the world.

Jul 10 - US President Joe Biden on Friday spoke with his Russian counterpart Vladimir Putin on the ongoing ransomware attacks from Russia, the White House said.

Biden spoke with Putin about the ongoing ransomware attacks by criminals based in Russia that have impacted the US and other countries around the world, the White House said in a readout of the call.

Biden underscored the need for Russia to take action to disrupt ransomware groups operating in Russia and emphasised that
he is committed to continued engagement on the broader threat posed by ransomware, it said.

During the call, Biden reiterated that the US will take any necessary action to defend its people and its critical infrastructure in the face of this continuing challenge, it said.

“The leaders commended the joint work of their respective teams following the US-Russia summit that led to the unanimous renewal of cross-border humanitarian assistance to Syria today in the UN Security Council,” the White House added.

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JULY 9, 2021
White House Daily Briefing
White House Press Secretary Jen Psaki held her daily briefing with reporters to discuss the president’s agenda. At the start, she provided an update on U.S. coordination efforts with Haiti in the wake of the assassination of the Haitian president. In addition, the press secretary spoke about President Biden’s recent phone call with Russian President Vladimir Putin, which focused mainly on ransomware attacks. Reporters also asked about COVID-19 vaccinations, the U.S. strategy in Afghanistan and voting rights legislation.

Press Briefing by Press Secretary Jen Psaki, July 9, 2021

JULY 09, 2021•PRESS BRIEFINGS

James S. Brady Press Briefing Room

MS. PSAKI:
  Hi, everyone.  Happy Friday.  I have a couple of items for all of you at the top.

First, we welcome the unanimous adoption today in the U.N. Security Council to extend the mandate for a critical humanitarian aid lifeline to Syria.  This agreement, which will directly impact the lives of millions of Syrians, was the result of hard work among the members of the Council and intensive diplomacy following a detailed discussion at the Geneva summit between President Biden and President Putin.
    
Today’s resolution, which renews the cross-border agreement that would have expired on July 10th, will provide further lifesaving humanitarian assistance to the people of northwest Syria and is part of a broader humanitarian initiative led by the United Nations...     more

Biden signs order to tackle corporate abuses across U.S. economy

Jul. 10 - President Joe Biden signed a sweeping executive order on Friday to promote more competition in the U.S. economy, urging agencies to crack down on anti-competitive practices in sectors from agriculture to drugs and labor.

​If fully implemented, the effort will help lower Americans' internet costs, allow for airline baggage fee refunds for delayed luggage, among other steps.

The order instructs antitrust agencies to focus on labor, healthcare, technology and agriculture as they address a laundry list of issues that have irritated consumers, and in the case of drug prices, has bankrupted some.

​"No more tolerance of abusive actions by monopolies. No more bad mergers that lead to massive layoffs, higher prices and fewer options for workers and consumers alike," Biden said at a White House signing ceremony.


The president noted areas where advocates feel that prices are too high, wages are tamped down or new businesses excluded from competition. "Let me be very clear, capitalism without competition isn't capitalism, it's exploitation," he said.

The White House says the rate of new business formation has fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets...     more



Jul 10 - The Taliban has taken readiness from Afghanistan not to attack a neighboring country. They also say they will do everything possible to prevent Islamic State from being present in the country and from operating on their territory.


The Taliban are in Moscow to legalize their “power” in the face of the biggest political and military factor in the region, Russia. That is why one of their first statements was that they would not attack the Tajik-Afghan border, which is of serious Russian interest.

The Afghan government rejects claims by the Taliban that they have control of two-thirds of the country’s territory. According to them, this is propaganda used at a time when the United States is withdrawing its troops from its 20-year presence in the country. The withdrawal is expected to be completed by the end of August this year, US President Joe Biden said in several interviews.

The World Health Organization predicts a large-scale humanitarian crisis in Afghanistan in the coming months. Although Kabul will receive drugs, vaccines for Covid-19, and respirators, dozens of medics and medical workers are fleeing places where the Taliban are attacking.

WHO Regional Director for Emergencies Rick Brennan said at least 18.4 million people needed humanitarian assistance, including 3.1 million children at risk of acute malnutrition.


The US decision to withdraw its troops from Afghanistan has received a positive international response, but what it leaves behind is not something to be proud of. The Taliban now control larger territories than in 2001, when the Pentagon sent its first troops.

Pentagon spokesman John F. Kirby said the main mission of “eliminating the terrorists responsible for 9/11 has been accomplished”, but there are currently at least 20 terrorist groups in Afghanistan operating in different parts of the country.

The United States supplied and continues to supply weapons and equipment to the Afghan army, conducting training and exercises. The problem that Washington has not decided to accept anyway, and has stubbornly considered it valid for 20 years, is that there are guerrilla wars in Afghanistan, and the United States has no experience in this type of war, except for Vietnam, which is unsuccessful.     source from

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