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Cramm for 3/31/21
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THE HIGHLIGHTS

Biden’s giving the deets on his new infrastructure package. 

 

THE BACKGROUND. 

Infrastructure is anything from publicly-owned buildings to bridges, from roads to transportation, from power supplies to...well, you get the idea. But ICYDK, the US has some infrastructure problems. Read: a lot. The American Society of Civil Engineers even gave the country’s infrastructure a D+ grade. Scene, set. 

 

THE HAPPENINGS. 

Today, Prez Biden said ‘voila’ and unveiled his “Build Back Better” infrastructure package, which is made up of two phases. The first phase deals with “hard” infrastructure, like broadband (essentially high-speed internet) and transportation. The idea is to permanently raise the corporate tax rate from 21 to 28 percent to fund $2 trillion (yes, with a tr) worth of changes and repairs. The second phase deals with “soft” infrastructure, like childcare and family tax credits. That money would come from upping taxes on the wealthy. 

 

THE HAPPENINGS PT 2. 

That’s not all. The package would also entirely eliminate lead pipes from the country’s water supplies, intro projects intended to create millions of jobs, promote racial equity in the economy, and focus on climate change by speeding up the shift to cleaner energy sources. 

 

THE TAKE. 

This is the first real look the public’s gotten at Biden’s infrastructure plans. TBD. 


THE ACTION

KIDS: Pfizer just announced that its coronavirus vaccine is 100 percent effective in kids ages 12-15. Not a typo. Data from the trial will be sent over to the Food and Drug Admin in the coming weeks, with the hope that vaccinations could get started before the next school year. In other news, lately, Myanmar’s military has been conducting airstrikes on an ethnic rebel-controlled area in the country’s southeast. The airstrikes have caused numerous deaths and injuries, including those of kids. Now, thousands of people are fleeing the area. This comes after the military seized control of Myanmar in a coup and killed hundreds of protesters. 

 

PEOPLE: Last year, the World Economic Forum declared that it will take 100 years to close the global gender pay gap. That’s a very long time - and it just got even longer. See: the WEF updated its estimate and tacked on an extra 36 years. The news is even worse for the economic gender gap, which will take another 268 years to close. Meanwhile, yesterday, it was revealed that the Justice Dept is investigating Rep Matt Gaetz (R-FL) for allegedly having a sexual relationship with a 17 year old girl...and paying for her to travel with him (which could technically violate federal sex trafficking laws, BTW). Gaetz took to Fox’s Tucker Carlson to deny any criminal wrongdoing. 

 

POLITICS: FYI - a lot of big bizes have their headquarters in Georgia. So dozens of the most prominent Black execs in the US are getting together to call out their peers in Georgia for failing to fight that new voting restriction law, which they say would make it harder for Black people to vote. The effort is led by Kenneth Chenault, who says, “There is no middle ground here.” Speaking of which, Republicans in Arizona, Texas, Michigan, and Florida are currently moving forward with their own restrictive voting bills. Stay tuned. Kentucky just passed an election bill, too - but this one is a bipartisan effort that would actually expand absentee and early voting. 


WHAT TO KNOW

Volkswagen:” what’s maybe going to change its name to Voltswagen to highlight its electric vehicles. 


SAY WHAT?

“Police say they found mafia fugitive on YouTube, posting Italian cooking tutorials” - an actual headline. Mamma mia! 

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