🚙 The average new car now costs over $47,000. Don't expect them to get much cheaper anytime soon.
The amount Americans paid for the average new car rose a staggering $6,220 in 2021, and $3,301 in 2020, Kelley Blue Book says. Americans today are paying almost $10,000 more for their new cars than they did in 2019, a year before the pandemic. According to industry insiders, prices may not return to their previous levels for quite a while, if at all.
According to research firm IHS Markit, vehicle production is expected to slowly recover throughout 2022, but semiconductor shortages and other supply-chain challenges will drag on until at least 2023.
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The amount Americans paid for the average new car rose a staggering $6,220 in 2021, and $3,301 in 2020, Kelley Blue Book says. Americans today are paying almost $10,000 more for their new cars than they did in 2019, a year before the pandemic. According to industry insiders, prices may not return to their previous levels for quite a while, if at all.
According to research firm IHS Markit, vehicle production is expected to slowly recover throughout 2022, but semiconductor shortages and other supply-chain challenges will drag on until at least 2023.
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💡 The Biden administration announces new measures to upgrade power grids in the US
With its landmark climate legislation in jeopardy, the Biden administration has announced a series of new executive actions to accelerate the US transition to a clean power grid.
Specifically, the administration announced it will move forward with the lease of six commercial areas off the coasts of New York and New Jersey for the installation of wind farms. On offer is over 488,000 acres of ocean seafloor for the winning bidders to build an estimated 5.6-7 gigawatts of clean power generation.
Today’s announcement sees the White House putting forward meaningful climate policy, although much of that will depend on whether the White House can convince Senator Joe Manchin of West Virginia to support the approximately $1.75 trillion climate and social spending bill.
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With its landmark climate legislation in jeopardy, the Biden administration has announced a series of new executive actions to accelerate the US transition to a clean power grid.
Specifically, the administration announced it will move forward with the lease of six commercial areas off the coasts of New York and New Jersey for the installation of wind farms. On offer is over 488,000 acres of ocean seafloor for the winning bidders to build an estimated 5.6-7 gigawatts of clean power generation.
Today’s announcement sees the White House putting forward meaningful climate policy, although much of that will depend on whether the White House can convince Senator Joe Manchin of West Virginia to support the approximately $1.75 trillion climate and social spending bill.
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🚙 GM is creating an online used car marketplace
The used car market is red hot, and it seems General Motors wants to compete squarely with used vehicle sites like Carvana with a new website called CarBravo. GM is beginning to enroll dealers now to be a part of the site, which is set to launch in “spring 2022,”
CarBravo will not only let shoppers look at inventories from both dealers and GM’s central stock of used vehicles, but it will also let people shop for non-GM used vehicles. That could help it better take on Carvana (which just announced it has sold one million cars) and other sites such as CarMax and Vroom, which let people shop across many different car brands.
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The used car market is red hot, and it seems General Motors wants to compete squarely with used vehicle sites like Carvana with a new website called CarBravo. GM is beginning to enroll dealers now to be a part of the site, which is set to launch in “spring 2022,”
CarBravo will not only let shoppers look at inventories from both dealers and GM’s central stock of used vehicles, but it will also let people shop for non-GM used vehicles. That could help it better take on Carvana (which just announced it has sold one million cars) and other sites such as CarMax and Vroom, which let people shop across many different car brands.
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Check out some news you may have missed:
▪️An Illinois judge is facing backlash after he reportedly reversed a teenager's sexual assault conviction, saying that the 148 days the 18-year-old spent behind bars since his arrest is enough.
▪️President Biden's approval rating has dropped to 33%, reaching a new low, according to a Quinnipiac University poll.
▪️The US has released 870,000 barrels from its Strategic Petroleum Reserve to the Shell Trading Co. The deal, already the 4th, is aimed at reducing prices of fuel at the pump.
▪️Donald Trump abruptly ended an interview with NPR's Steve Inskeep after their talk veered towards Trump's purported role in the events of 6 January.
▪️The US has confirmed the death of American citizen Omar Assad near Ramallah on Wednesday and is seeking details from the Israeli government.
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▪️An Illinois judge is facing backlash after he reportedly reversed a teenager's sexual assault conviction, saying that the 148 days the 18-year-old spent behind bars since his arrest is enough.
▪️President Biden's approval rating has dropped to 33%, reaching a new low, according to a Quinnipiac University poll.
▪️The US has released 870,000 barrels from its Strategic Petroleum Reserve to the Shell Trading Co. The deal, already the 4th, is aimed at reducing prices of fuel at the pump.
▪️Donald Trump abruptly ended an interview with NPR's Steve Inskeep after their talk veered towards Trump's purported role in the events of 6 January.
▪️The US has confirmed the death of American citizen Omar Assad near Ramallah on Wednesday and is seeking details from the Israeli government.
Subscribe to @sputniknewsus
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📸: Take a look at the White House’s new 10-foot concrete wall.
The construction was first spotted at the beginning of the week – without any explanation from the White House itself.
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The construction was first spotted at the beginning of the week – without any explanation from the White House itself.
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🤔 Could Hillary Clinton face Donald Trump in a presidential race again?
Such a scenario is possible, the Wall Street Journal says.
The former secretary of state could make a comeback in 2024, the WSJ writes, as Democrats are witnessing a crisis within their party, Joe Biden’s low approval ratings aside.
Clinton will begin to position herself as a candidate who can lead the Democrats on a new, successful path if the party loses control of the House of Representatives in the 2022 mid-term elections – something the WSJ reckons likely.
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Such a scenario is possible, the Wall Street Journal says.
The former secretary of state could make a comeback in 2024, the WSJ writes, as Democrats are witnessing a crisis within their party, Joe Biden’s low approval ratings aside.
Clinton will begin to position herself as a candidate who can lead the Democrats on a new, successful path if the party loses control of the House of Representatives in the 2022 mid-term elections – something the WSJ reckons likely.
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Sputnik International
📸: Take a look at the White House’s new 10-foot concrete wall. The construction was first spotted at the beginning of the week – without any explanation from the White House itself. Subscribe to @sputniknewsus
📹: Some more images and videos of the new “temporary” concrete fence around the White House from a Sputnik correspondent
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Forwarded from Sputnik
❗️🇺🇸 Leader of the right-wing Oath Keepers group Stewart Rhodes was arrested by US law enforcement officials after being charged alongside 11 other defendants with seditious conspiracy and other crimes related to the January 6 breach of the Capitol, the Justice Department said.
⚡US Supreme Court blocks Biden's workplace vaccine-or-test mandate for large businesses
The US Supreme Court blocked enforcement of the Occupational Safety and Health Administration’s (OSHA) COVID-19 vaccine mandate for large employers but backed the Biden administration’s vaccine mandate for healthcare workers, according to two decisions filed Thursday.
"Applicants now seek emergency relief from this Court, arguing that OSHA’s mandate exceeds its statutory authority and is otherwise unlawful. Agreeing that applicants are likely to prevail, we grant their applications and stay the rule," the Supreme Court said in a per curiam opinion on the larger employer mandate case.
However, the Supreme Court backed the Secretary of Health and Human Services’ mandate to require facilities that receive Medicare and Medicaid funding to ensure that their staff – unless exempt for religious reasons – are vaccinated against COVID-19 to continue receiving the money.
The US Supreme Court blocked enforcement of the Occupational Safety and Health Administration’s (OSHA) COVID-19 vaccine mandate for large employers but backed the Biden administration’s vaccine mandate for healthcare workers, according to two decisions filed Thursday.
"Applicants now seek emergency relief from this Court, arguing that OSHA’s mandate exceeds its statutory authority and is otherwise unlawful. Agreeing that applicants are likely to prevail, we grant their applications and stay the rule," the Supreme Court said in a per curiam opinion on the larger employer mandate case.
However, the Supreme Court backed the Secretary of Health and Human Services’ mandate to require facilities that receive Medicare and Medicaid funding to ensure that their staff – unless exempt for religious reasons – are vaccinated against COVID-19 to continue receiving the money.
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⚡Sullivan: US vows to respond 'decisively' if Russia puts forces in Latin America
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⚖ Thousands of federal inmates to be released under 2018 law
The Justice Department will begin transferring thousands of inmates out of federal prisons this week as part of a sweeping criminal justice overhaul signed by President Donald Trump more than three years ago.
The bipartisan law is intended to encourage inmates to participate in programs aimed at reducing recidivism, which could let them out of prison earlier. It also eases mandatory minimum sentences and gives judges more discretion in sentencing. The programs range from anger management and drug treatment to educational, work and social skills classes.
While the transfers are expected to begin this week, it isn’t clear how many inmates will be released. The department would only say that “thousands” of inmates are being affected.
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The Justice Department will begin transferring thousands of inmates out of federal prisons this week as part of a sweeping criminal justice overhaul signed by President Donald Trump more than three years ago.
The bipartisan law is intended to encourage inmates to participate in programs aimed at reducing recidivism, which could let them out of prison earlier. It also eases mandatory minimum sentences and gives judges more discretion in sentencing. The programs range from anger management and drug treatment to educational, work and social skills classes.
While the transfers are expected to begin this week, it isn’t clear how many inmates will be released. The department would only say that “thousands” of inmates are being affected.
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🚫 US Senate Rejects Bill to Sanction Nord Stream 2 Pipeline Within 15 Days
The US Senate on Thursday rejected Republican Senator Ted Cruz's bill that would impose sanctions within 15 days on companies building and operating the Nord Stream 2 pipeline.
The US Senate failed to get the 60 votes needed to pass the legislation.
Biden administration officials were on Capitol Hill this week lobbying against support for the bill due to concerns it could compromise cooperation between the United States and European partners in early security talks with Russia to address issues in Eastern Europe.
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The US Senate on Thursday rejected Republican Senator Ted Cruz's bill that would impose sanctions within 15 days on companies building and operating the Nord Stream 2 pipeline.
The US Senate failed to get the 60 votes needed to pass the legislation.
Biden administration officials were on Capitol Hill this week lobbying against support for the bill due to concerns it could compromise cooperation between the United States and European partners in early security talks with Russia to address issues in Eastern Europe.
Subscribe to @sputniknewsus