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White House unveils plan to strengthen long-term US supply chains - February 24, 2022
The U.S. and its allies unveiled further, sweeping sanctions against Russia after the country launched an unprecedented military invasion on Ukraine Thursday, hitting cities and bases with airstrikes or shelling. Ukrainian officials said upwards of 40 soldiers and 10 civilians have been killed since the invasion began in what Ukraine called a “full-scaled war.”
Uncertainty flooded U.S. markets after Russia’s invasion of Ukraine, pushing stocks down and lifting the prices of oil, gold and government bonds. Oil prices hit an eight-year high and gas prices are expected to surge even higher after President Joe Biden’s expansion of Russian sanctions. Global unrest is expected to heighten pressure on the global economy, with Europe likely to bear the brunt of the economic impact.
The Biden administration announced several new actions Thursday intended to ease supply chain disruptions and geopolitical tensions, including a “Buy American” rule that would allow the federal government to pay more for certain “critical” domestic-made products. The White House will also expand access to capital for small manufacturers, open a $450 million Department of Transportation program and use the Defense Production Act to build and expand the health resources industrial base.
U.S. companies struggling to fill job vacancies are increasingly promoting remote or hybrid work arrangements to recruit employees. One survey found 60% of firms with more than 500 employees now use work-from-home options to recruit full-time employees. Companies like Google have decided to restore office perks like gyms and massages as COVID cases continue to ease.
Extreme wildfires are expected to become more frequent and intense, increasing by around 50% by the end of the century, according to a new U.N. report. Researchers found there is an elevated risk in the Arctic and other regions that were previously untouched by wildfires. The report said that climate change, rising temperatures and changes to the way we use land will drive the threat, with the report calling for a radical reallocation of financial resources to fire prevention.
CONTENT FACTS.
Turbine Labs has tracked 31,556 media articles and blogs and 20,048 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Friday, February 25, at 9:30AM ET.
Questions or feedback? Don't hesitate to reach out to us directly.
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By Turbine LabsThe U.S. and its allies unveiled further, sweeping sanctions against Russia after the country launched an unprecedented military invasion on Ukraine Thursday, hitting cities and bases with airstrikes or shelling. Ukrainian officials said upwards of 40 soldiers and 10 civilians have been killed since the invasion began in what Ukraine called a “full-scaled war.”
Uncertainty flooded U.S. markets after Russia’s invasion of Ukraine, pushing stocks down and lifting the prices of oil, gold and government bonds. Oil prices hit an eight-year high and gas prices are expected to surge even higher after President Joe Biden’s expansion of Russian sanctions. Global unrest is expected to heighten pressure on the global economy, with Europe likely to bear the brunt of the economic impact.
The Biden administration announced several new actions Thursday intended to ease supply chain disruptions and geopolitical tensions, including a “Buy American” rule that would allow the federal government to pay more for certain “critical” domestic-made products. The White House will also expand access to capital for small manufacturers, open a $450 million Department of Transportation program and use the Defense Production Act to build and expand the health resources industrial base.
U.S. companies struggling to fill job vacancies are increasingly promoting remote or hybrid work arrangements to recruit employees. One survey found 60% of firms with more than 500 employees now use work-from-home options to recruit full-time employees. Companies like Google have decided to restore office perks like gyms and massages as COVID cases continue to ease.
Extreme wildfires are expected to become more frequent and intense, increasing by around 50% by the end of the century, according to a new U.N. report. Researchers found there is an elevated risk in the Arctic and other regions that were previously untouched by wildfires. The report said that climate change, rising temperatures and changes to the way we use land will drive the threat, with the report calling for a radical reallocation of financial resources to fire prevention.
CONTENT FACTS.
Turbine Labs has tracked 31,556 media articles and blogs and 20,048 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Friday, February 25, at 9:30AM ET.
Questions or feedback? Don't hesitate to reach out to us directly.