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Showing posts with the label biden administration

Microsoft, Apple, Meta, other big U.S. firms run ads urging Congress to protect 'Dreamers' as DACA fades

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Microsoft, Apple, Meta and dozens of other Fortune 500 companies launched an ad campaign Thursday to push Congress to pass a new law that would secure the fate of migrants known as “Dreamers,” part of a last-ditch effort to save the protections as federal courts seem likely to end the executive order that has protected them since 2012. But both Republican and Democratic Senate aides say the effort has a slim chance of working and predict that Dreamers will most likely begin to lose their work authorization and security from deportation sometime early next year. Republicans, who are expected to increase their numbers in Congress in November’s midterm elections, largely oppose protecting Dreamers unless Democrats make significant concessions to beef up border security and turn away asylum-seekers, which they are unlikely to do.   More than 600,000 Dreamers — migrants brought to the U.S. as children but who lack legal status — are protected under the 2012 executive order known as Deferred...

Rail union rejects labor deal brokered by Biden administration

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The country's third-largest freight rail workers union rejected a temporary agreement brokered by the Biden administration to avert a potentially crippling nationwide railroad strike, raising the possibility that one could occur next month. In a statement Monday, the Brotherhood of Maintenance of Way Employes Division of the Teamsters said 56% of its more than 11,000 workers had voted against the tentative agreement. Some of the provisions would allow workers to avoid attendance penalties for routine medical visits and hospitalizations, and the proposal included the biggest wage increases in more than four decades. However, the deal did not address the number of unpaid sick days for which workers would now be eligible, among other issues that were left to be negotiated in the future. Third-largest freight rail union rejects labor deal proposal Oct. 10, 2022 00:42 "Railroaders are discouraged and upset with working conditions and compensation and hold their employer in low reg...

U.S. aims to hobble China’s chip industry with sweeping new export rules

The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go into effect immediately, build on restrictions sent in letters earlier this year to top toolmakers KLA Corp. , Lam Research Corp. and Applied Materials Inc., effectively requiring them to halt shipments of equipment to wholly Chinese-owned factories producing advanced logic chips. The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could set China’s chip manufacturing industry back years by forcing American and foreign companies that use U.S. technology to cut off support for some of China’s leading factories and chip designers . In a briefing with reporters on Thursday previewing the r...

Biden administration cancels $3.9 billion in ITT Tech student debt

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WASHINGTON — The Biden administration announced Tuesday it will cancel the remaining federal student loan debt for borrowers who attended ITT Technical Institute after finding that the for-profit college misled students. The move will automatically cancel $3.9 billion in loans for 208,000 students who attended ITT dating back to 2005, the Education Department said in a statement. “It is time for student borrowers to stop shouldering the burden from ITT’s years of lies and false promises,” said Secretary of Education Miguel Cardona. “The evidence shows that for years, ITT’s leaders intentionally misled students about the quality of their programs in order to profit off federal student loan programs, with no regard for the hardship this would cause.” The Education Department said the Biden administration has now canceled $32 billion in loans for students “whose institutions took advantage of them,” as well as for public service workers and disabled students. Biden’s promise for student ...