"Where Is The Onshoring?" UBS Questions White House Investment Boom As Foreign Money Flows Into Takeovers

Senate Confirms Kevin Warsh As Fed Chair In Most Partisan Vote Ever Update: In a largely party-line vote, the U.S. Senate on Wednesday confirmed President Donald Trump’s nominee Kevin Warsh to a 14-year term as the next Chair of the Federal Reserve, succeeding Jerome Powell whose term as chair ends this Friday. The 54-45 vote was the slimmest confirmation margin ever for a head of a central bank, reflecting fears that he'll be Trump's puppet.  Trump has made no secret that he expects rates to lower under Warsh after repeatedly slamming Powell for monetary policy Trump feels is...

DOJ Sues States Over Alleged Failure To Turn Over Food Stamp Data Authored by Zachary Stieber via The Epoch Times, The Trump administration has sued four states, accusing them of withholding crucial data on food stamp applicants. Kentucky, Michigan, Minnesota, and Pennsylvania refused to turn over information to the U.S. Department of Agriculture (USDA) that would let federal officials identify fraud, Trump administration lawyers said in lawsuits filed on June 26 against the states. Officials are asking judges to enter injunctions that would force state authorities to hand over the last five years...

US Navy Tests 3D-Printed Composite Patches To Speed Up F/A-18 Fighter Jet Repairs Authored by Mrigakshi Dixit via Interesting Engineering, The Naval Air Warfare Center Aircraft Division (NAWCAD) and Fleet Readiness Center Southwest (FRCSW) have co-developed a 3D-printed composite repair method designed to reduce F/A-18 Super Hornet maintenance times by approximately 50 percent. An F/A-18 Super Hornet pilot prepares for flight at Fleet Readiness Center Southwest in San Diego.NAWCAD Visual Information When an F/A-18 fighter jet gets damaged at a remote base, fixing its advanced composite parts typically takes weeks. The Navy had...