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Law and Finance Clash as Tech Exits US

Today’s roundup covers news ranging from courtroom drama to corporate climate commitments, and from public health concerns to political theory pondering.

The User's Profile Ivor March 10, 2024
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DISCLAIMER: The following content does not reflect the opinions of Peak Prosperity, but is rather a summarization of content that has caught the interest of members of the community.

Discussion is welcome in the comments section!

In the legal sphere, the Fani Willis/Nathan Wade disqualification hearing took an explosive turn as a new witness testified about a forthcoming book by investigative reporters Isikoff and Klaidman. Atlanta defense lawyer Ashley Merchant unveiled details of a RICO case against Trump and co-defendants, which involved illegal access to grand jury materials by the media. The case against Trump, built on an illegally recorded phone call leaked to the Washington Post, is now under scrutiny. The revelation of this illegal recording and the immunity granted to the recorder has raised questions about the credibility of the case. With mounting evidence of incompetence, prosecutorial misconduct, and financial misappropriations, Judge McAfee may need to intervene to avoid a national scandal.

Meanwhile, Montana Attorney General Austin Knudsen, along with a coalition of 16 attorneys general, is probing Wells Fargo’s debanking policies. The policies, which align with the Biden administration’s agenda, commit to reducing greenhouse gas emissions. This commitment has led to debanking practices if clients fail to meet emission reduction targets. Wells Fargo has also publicly committed to denying services to certain companies, such as those deriving revenue from coal extraction. The attorneys general are concerned that these actions may violate state and civil rights laws. They are seeking clarification from Wells Fargo regarding their debanking policies, decisions, and agreements with BlackRock that incentivize racial quotas in employment.

In the realm of public health, a report has highlighted the presence of various contaminants in drinking water, including arsenic, asbestos, molds, and algae. These contaminants, which can cause health issues like cancer, respiratory problems, and allergies, are detected through specific tests that cover microbial concerns, pesticides, and herbicides.

In the world of political theory, a paper has examined the criteria for defining the demos, or the people, in a democracy. The paper argues that democracy is not just about procedures, but also about substantive values and principles. It suggests that the demos should be defined by territorial boundaries of the state, rejecting the idea of a global demos bounded by a world state. The paper emphasizes the state’s role in securing the conditions of democracy, fostering solidarity, and establishing clear links between representatives and constituents.

Finally, in the tech industry, companies like Samsung and Intel are reportedly moving away from the US as a semiconductor manufacturing hub due to diversity, equity, and inclusion requirements for government subsidies. Despite the Biden administration’s promises of grants, Intel and Samsung have delayed US facilities. Experts suggest that the DEI policy is driving this shift. The CHIPS and Science Act, which provides $280 billion for semiconductor manufacturing, also mandates Chief Diversity Officers and support for minority groups. Chipmakers are expressing frustration with the political games and delays in funding distribution, viewing the focus on diversity in the workforce as a distraction from national security concerns.

Sources

Tech Giants Shift Semiconductor Manufacturing Away from US Due to Diversity, Equity, and Inclusion Policy, Experts Say

The pair say that Intel has now built manufacturing plants in Poland and Israel, meaning they would rather deal with threat of Hamas rockets and Russian aggression than the government’s DEI regime.

Source | Submitted by mysterymet

"Democratic Theorists Debate Boundaries of Democracy"

In this paper, I argue that these recent approaches to the boundary problem are insufficiently attentive to the conditions of democracy.

Source | Submitted by newsbuoy

**Study Highlights Importance of Testing for Chemicals and Contaminants in Drinking Water**

https://mytapscore.com/pages/contaminant-glossary

Source | Submitted by newsbuoy

Attorney General Knudsen Leads Coalition in Demanding Answers from Wells Fargo Over Debanking Practices

Attorney General Knudsen demands answers from Wells Fargo for debanking practices

Source | Submitted by sandy-loam

Explosive Developments Unfold in Fani Willis/Nathan Wade Disqualification Hearing

“Yeah, I can’t believe Willis and Wade were dumb enough to do this either!”

Source | Submitted by bcoop

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