Texas Immigration Law: A federal appeals court has blocked a new Texas immigration law that would have allowed local police to arrest and deport immigrants. The appeals court's decision came after the U.S. Supreme Court declined to intervene and rule on whether the law is constitutional. Texas Governor Greg Abbott signed the new law in December, but no steps have been taken to enforce its provisions.
Boeing Production: Boeing told Wall Street on a conference call today that it expects its commercial aircraft division's profits to fall by about 20% as a result of the Alaska Airlines accident in which a door plug ejected during a 737 climb. I warned you that there was. up to cruising altitude. Boeing also said production of its new 737 Max aircraft has been delayed as a result of the FAA auditing production and requiring stricter safety protocols.
Engine test: North Korea's state news agency announced today that leader Kim Jong Un attended a test of a new rocket engine being developed to power a new high-speed, long-range missile. Kim was quoted as saying that the new missiles could reach the United States and were part of an expansion of North Korea's arsenal designed to deter a U.S. attack on North Korea. Kim said he wanted to make sure North Korea's enemies knew about the new missile.
Government of Vietnam: The Communist Party of Vietnam announced today that President Bo Van Thuong of Vietnam has resigned. He was in office for only about a year. It is not clear when a replacement will be named. His resignation is believed to be related to a government corruption investigation. Tuong was appointed president after the then-president was forced to resign due to perceived misconduct.
Intel's $19.5 Billion Financing: The Department of Commerce is partnering with Intel by providing up to $8.5 billion in direct funding and an additional $11 billion in loans to fund the construction and expansion of Intel's U.S. facilities. A preliminary agreement has been reached. Expansion and new construction of Intel facilities in Arizona, Ohio, New Mexico and Oregon is expected to create an additional 30,000 jobs. This funding is provided under CHIPS and the Science Act. President Biden's visit to the Intel plant in Arizona today was designed to allow him to add to what he said in his State of the Union address about his administration's investments in America.
Associated Press: The New York Times reports that the Associated Press has confirmed that Gannett Newspapers will cease using Associated Press daily news material. Gannett is the largest newspaper chain in the United States and has been a member of the Associated Press for more than a century. It has also been reported that McClatchy Newspapers has decided to discontinue the Associated Press. Gannett and McClatchy have collectively written more than 230 books, according to the Associated Press. Gannett said not using AP would give him the opportunity to invest more in his newsroom. Both Gannett and McClatchy will end their access to daily news coverage from The Associated Press on March 25th.
