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EZR Week 2

EZReview - Jan 27th

JD Vance was grilled on lowering Grocery Prices

    Margaret Brennan, host of CBS Face the Nation, grilled Vice President JD Vance as he failed to pick out an executive order that had an immediate effect on lowering grocery prices.


    President Trump and Vice President JD Vance was campaigning about lowering grocery price last year. But in the interview, the vice president seems a bit struggle when Brennan clasimed most of the executive orders made by President Trump is non - economic related.

  "You campaigned on lwering prices for consumers. We've seen all of these executive orders. Which one lowers prices?"

    "We have done a lot, and there have been a number of executive orders that have already caused jobs to start coming back into our country, which is a core part of lowering prices, We have done a lot, and there have been a number of executive orders that have already caused jobs to start coming back into our country, which is a core part of lowering prices," JD Vance replied, without directly explainning what exactly had done by The President.

    “So future prices aren’t going to come down?,” Brennan interrupted.

    “Margaret, prices are going to come down, but it’s going to take a little bit of time, right?” Vance said. “The president has been president for all of five days. I think that in those five days, he’s accomplished more than Joe Biden did in four years. It’s been an incredible breakneck pace of activity. We’re going to work with Congress, we’re of course going to have more executive orders and we’re going to try. The way that your lower prices, is that you encourage more capital investment into our country.”


Reference




EZReview - Jan 28th

The DeepSeek Shock

    A Chinese AI company called Deepseek is sending a shock wave through Wall street - due to its new tech, which some experts say rivals that of OpenAI's ChatGPT.


    Wall Street aside, DeepSeek is also catching investors off guard because of the low cost for its AI app. Wedbush Securities analyst Dan Ives pegged at only $6 million, by comparision, OpenAI, Google and other major US companies are about to invest a total of roughly $1 trillion in AI according to Goldman Sachs. The Chinese company's tech is raising questions about whether demand for Nvidia's chips could take a hit, or whether investors are overvaluing tech stocks, from Meta to Microsoft. AI - related stocks took a hit, with Nvidia shares tumbling 17%, shedding $600 billion in value and marking the single - biggest one - day loss for a company in stock market history.

    DeepSeek's latest app comes just day After President Trump announced a new $500 billion venture with OpenAI, Softbank and Oracle, dubbed Stargate, which he touted a sensuring 'the future of technology' in US.


Reference


EZReview - Jan 29th

Trump offers buyouts to Federal workers

    According to a post from the US office of Personnel Management's website Tuesday night, federal workers who don;t want to return to the office are being offered buyouts.

   The administration has ordered federal workers, many of whom were having flecible work arrangements following the pandemic, back to the office to work in person, and the workers who accept the buyout will need to resign by february 6 and would receive severance paid through Sep 30.

    The memo outlined the new policy states that the agency have emailed federal employees. The email, with subject line "Fork in the Road," was sent from hr1@opm.gov using the Trymp administration's new mass email system. The email says, "The president required that employees return to in - person work, restored accountability for employees who have policy - making authority, restored accountability for senior career executives, and reformed the federal hiring process to focus on merit. As a result of the above orders, the reform of the federal workforce will be significant."

    It adds that if employees "choose to remain in your current position" they cannot be given "full assurance regarding the certainty of your position or agency but should your position be eliminated you will be treated with dignity and will be afforded the protections in place for such position."

    Soon after President Trump was inaugurated, Trump ordered federal agencies to return to the office full time and signed an order aimed at weakening federal employee protections, comes as the Trump afministration tightens its grip on the federal bureaucracy, which the president has long characterized as the 'Deep State' and vowed to dismantle. He also ordered agencies to work the eliminate diversity, equity within 60 days and ended the use of DEI in federal contract.


Reference

Treene, Blackburn. "Trump administration offers buyouts to federal workers" CNN, 28 Jan. 2025



EZReview - Jan 30th

Robert F. Kennedy JR struggles at confirmation hearing

    In a contentious confirmation hearing to become the nation's top health offical, Robert F. Kennedy Jr. struggled to answer questions about Medicare and Medicaid, programs that affect tens of millions of Americans, or to provide details about how he would work to drive down health care cost.


  Kennedy had faced a well funded opposition campaign from both Republicans and Democrats. They highlighted Kennedy's anti - vaccine rehetoric and his support of abortion access. Democrats questioned his past remarks while Republicans praised him for his ideas to reduce food additives.
   As President Trump's choice to be Secretary of Health and Human Service, he ended Wednesday's three - hour Hearing before the Senate Finance committee with strong endorsements from Republicans for him to lead the department that accounts for $1.7 trillion in federal spending.

Reference




EZReview - Jan 31th

Midair collision killed 67 people

    A midair collision between an Army helicopter and a jetliner killed all of the 67 people aboard on the two aircrafts.


    28 bodies were pulled from the icy waters of the Potomac River after the helicopter flew into the path of the American Airlines late Wednesday while it was landing at Ronal Reagan National Airport. The Plane carries 60 passengers and four crew members, and three soldiers aboard the helicopter.

    The crash occurred before 9 pm in some of the most tightly controlled and monitored airspace in the world, just over 3 miles south of the White House and the Capitol.


Reference

C.Baldor, Copp, Licon, Skene. "Midair collision kills 67 people in the deadliest US air disaster in almost a quarter century", AP. 31 Jan. 2025




EZReview - Feb 1st

At least 700 killed in DR Congo since Sunday

    The UN says at least 700 people have been killed in the largest city in eastern DR Congo since Sunday.


    The rebels are now reported to be moving south towards Bukavu, the capital of South Kivu.

   The conflict in eastern DR Congo dates back to the 1990s but has rapidly esalated in recent weeks. M23, made up by ethnic Tutsis, say they are fighting for minority rights, while DR congo's governments says the Rwanda - backed rebels are seeking control of the eastern region's vast mineral wealth.


Reference

Lukiv, "At least 700 killed in DR Congo fighting since Sunday - UN", BBC. 1 Feb. 2025



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