Joe Biden

Is the Oligarchy Of the Ultra-Rich Taking Shape in the USA?

Is the Oligarchy Of the Ultra-Rich Taking Shape in the USA?

In the latest turn of events, Joe Biden, the US President, in his farewell speech, mentioned the dangerous concentration of power in the hands of the ultra-wealthy is threatening democracy in the United States. He further mentioned that America is walking down the path of becoming an oligarchic state.   In his speech, Joe Biden mentioned,…

Intel $8.5 Billion Federal Chips Grant Faces Reduction

Intel $8.5 Billion Federal Chips Grant Faces Reduction

The U.S. government plans to cut Intel’s much-anticipated $8.5 billion federal chips grant to below $8 billion, according to The New York Times. The grant, part of the CHIPS and Science Act, was designed to bolster semiconductor production in the United States amidst growing competition with China.  While Intel remains a critical player in the…