Congressman John Garamendi (D-Calif. 3rd District) has a plan that he says will boost the economy and help secure the nation's shores: shipbuilding. Garamendi said the construction of more maritime vessels in America will put the U.S. ahead both economically and with national security.
"We need to have a domestic shipbuilding fleet, and we can do that by using the export of natural gas and oil and require that a small percentage of that export be on American-built ships," Garamendi told Cheddar.
The congressman acknowledges that investing in ships that will use and transport fossil fuels appears to run counter to climate change efforts, but said, "We know for a fact that we're going to be having an oil economy and a natural gas economy for some time into the future." He argued that in the time it takes for America to transition to more renewable energies his plan would not only offer homeland protection but also add jobs domestically.
"If we move to solve the climate crisis, we will create millions of new jobs in America, and if we couple that with shipbuilding and with infrastructure, this economy will boom in the years ahead," he added.
As the U.S. remains in economic crisis amid the coronavirus pandemic, stimulus talks in Congress have continued to stall, and more than 12 million people remain jobless, Garamendi said his plan would provide some relief.
"For every regard, this is a huge jobs program — some 2,000 mariners on those ships that would be exporting oil, as well as the shipyards, which will probably be several thousand jobs in the shipyards," he said.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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