
CoreWeave's Acquisition of Core Scientific Faces Growing Resistance and Concerns
CoreWeave's bid to acquire Core Scientific faces significant opposition, highlighting challenges in the tech and crypto infrastructure sectors.
All articles tagged with #pushback

CoreWeave's bid to acquire Core Scientific faces significant opposition, highlighting challenges in the tech and crypto infrastructure sectors.

Florida Governor Ron DeSantis, known for his "war on woke," faced pushback as several conservative culture war proposals, including banning rainbow flags and Confederate monuments, failed to pass the legislature. The pushback signals a shift in the state's political landscape, with growing opposition to DeSantis's initiatives, including from within the Republican Party. Concerns about pocketbook issues and the cost of living are taking precedence over culture war laws, indicating a changing focus for Florida voters and lawmakers.

The Biden administration is facing backlash over a new Department of Labor rule that would re-classify millions of gig workers as employees, with trade groups, small business advocates, lawmakers, and independent workers themselves scrambling to stop the rule. Critics argue that the rule threatens the livelihoods of gig workers and could have major consequences for industries that heavily rely on independent contractors. Multiple lawsuits have been filed against the administration, and Republicans in Congress have introduced a resolution to overturn the rule, warning that it jeopardizes the gig economy and the ability of millions of Americans to work as independent contractors.

Congressional Democrats are intensifying their pushback against Israeli Prime Minister Benjamin Netanyahu by publicly defending the establishment of a Palestinian state. This move comes amid growing tensions between the U.S. and Israel over the issue, with some Democrats criticizing Netanyahu's policies towards Palestinians and advocating for a more balanced approach to the Israeli-Palestinian conflict.

Meteorologists and climatologists in the Midwest and Great Plains are facing pushback and threats when discussing climate change. While 90% of Americans are open to learning about climate change, skeptics and hostile individuals can make it challenging for those on the front lines of climate communication, especially in conservative states. Some professionals have received harassing emails and threats, leading to security measures and mental health concerns. Despite the resistance, many meteorologists and climatologists continue to focus on local impacts and humanize the issue to foster understanding and engagement.

Regulators, including Federal Reserve Vice Chair of Supervision Michael Barr, FDIC Chair Martin Gruenberg, and acting OCC Comptroller Michael Hsu, are set to testify before Congress this week about proposed tougher capital requirements for big banks. Republican members are expected to question the regulators, arguing that increased capital buffers would hinder lending and harm the economy. The pushback against the proposal has included a letter from Senate Banking Committee Ranking Member Tim Scott and lobbying efforts by banks and industry groups. The regulators have acknowledged criticisms and extended the period for public comment. The clash in Washington follows months of campaigning by banks and lobbyists to stop or influence the final version of the rules.

House Republicans are showing signs of pushback against the dominance of the MAGA movement within the GOP, with some members speaking out against threats and intimidation tactics. However, the bigger story is the seven-year-long effectiveness of intimidation, which has led to the abandonment of principles by so-called "moderate" Republicans. The Jan. 6 attack on the Capitol made the threat of physical assault more explicit, but coercion has been prevalent since the rise of Trump and MAGA. The article highlights the moral cowardice of Republican moderates who have allowed themselves to be bullied into submission, with only a few exceptions. The recent rebellion against Jim Jordan may be a turning point, but it remains to be seen if it is an aberration or a sign of MAGA's waning influence.

GOP senators have pushed back on controversial claims made by President Trump during a CNN town hall, with some stating they do not intend to support him. The senators' comments come after Trump made claims about the coronavirus pandemic, white supremacy, and his taxes during the event. Fact-checkers have disputed many of Trump's claims, and the president's comments have drawn criticism from both Democrats and Republicans.

Democrats have criticized former President Trump's recent online post warning of "potential death and destruction" if he is indicted, with House Minority Leader Hakeem Jeffries calling it "dangerous." Trump's post came amid a wait-and-see week for potential charges being filed against him by Manhattan District Attorney Alvin Bragg's office. A grand jury in New York is hearing a case about hush money Trump's then-lawyer paid to an adult film actress shortly before the 2016 election. While the expected arrest didn't happen, an indictment in the near future remains possible.