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Showing posts with the label Economy of the United States

Musk trolls Bezos as space race between world’s richest men heats up

  The space race between the world’s two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos’ attempt to challenge a major NASA contract (Reuters) -The space race between the world’s two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos’ attempt to challenge a major NASA contract. The two billionaires, who have been trying to launch long-range orbital rockets, were competing for a coveted contract from the government to build a spaceship to deliver astronauts to the moon as early as 2024. Musk won. Bezos was not happy. Bezos’ Blue Origin on Monday filed a protest with the Government Accountability Office (GAO), accusing the National Aeronautics and Space Administration (NASA) of moving the goalposts for contract bidders at the last minute. Musk, who also leads  SpaceX , fired back with a tweet that said: “Can’t get it up (to orbit) lol.” ( https://bit.ly/3npEc0Z ) He did not elabora...

Donald Trump signs $900 billion Covid-19 relief, government-funding measure

  President Donald Trump has signed a $900 billion pandemic relief package that will deliver long-sought cash to businesses and individuals President Donald Trump has signed a USD 900 billion pandemic relief package that will deliver long-sought cash to businesses and individuals. It also averts a government shutdown. Trump announced the signing in a statement on Sunday night. The massive bill includes USD 1.4 trillion to fund government agencies through September and contains other end-of-session priorities such as money for cash-starved transit systems and an increase in food stamp benefits. Democrats are promising more aid to come once President-elect Joe Biden takes office, but Republicans are signalling a wait-and-see approach.