ICT NEWSCAST: Turmoil at Haskell, Spirit Lake celebrates and Native excellence in film
Turmoil at Haskell Indian Nations University: Trump administration layoffs and their impact.
Land Return to Spirit Lake Nation: Celebration of treaty land being returned after 120 years.
Canadian Political Developments: New Prime Minister amidst tariff war and annexation threats.
Oscar Nomination for Native Filmmaker: Julian Brave NoiseCat's "Sugarcane" documentary.
Tribal Culture Sharing in Montana: Indigenous students at the University of Montana sharing culture.
Food Sovereignty in Alabama: An Alabama tribe's efforts to support food sovereignty.
Native Restaurant in Portland, Oregon: A famous native pop-up restaurant opens a brick-and-mortar location.
View previous ICT broadcasts here every week for the latest news from around Indian Country.
ICT is owned by IndiJ Public Media, a nonprofit news organization. Will you support our work? All of our content is free. There are no subscriptions or costs. And we have hired more Native journalists in the past year than any news organization ─ and with your help we will continue to grow and create career paths for our people. Support ICT for as little as $10. Sign up for ICT's free newsletter.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Trump calls on Fed Governor Cook to resign
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing a call by the head of the U.S. Federal Housing Finance Agency urging the Department of Justice to probe Cook over alleged mortgage fraud. Representatives for Cook could not be immediately reached for comment on the allegations posted by FHFA Director Bill Pulte on X earlier on Wednesday. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
8 minutes ago
- Yahoo
Trump thinks owning a piece of Intel would be a good deal for the US. Here's what to know
SAN FRANCISCO (AP) — President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realized, the investment would deepen the Trump administration's involvement in the computer industry as the president ramps up the pressure for more U.S. companies to manufacture products domestically instead of relying on overseas suppliers. What's happening? The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the U.S. government would become one of Intel's largest shareholders and blur the traditional lines separating the public sector and private sector in a country that remains the world's largest economy. Why would Trump do this? In his second term, Trump has been leveraging his power to reprogram the operations of major computer chip companies. The administration is requiring Nvidia and Advanced Micro Devices, two companies whose chips are helping to power the craze around artificial intelligence, to pay a 15% commission on their sales of chips in China in exchange for export licenses. Trump's interest in Intel is also being driven by his desire to boost chip production in the U.S., which has been a focal point of the trade war that he has been waging throughout the world. By lessening the country's dependence on chips manufactured overseas, the president believes the U.S. will be better positioned to maintain its technological lead on China in the race to create artificial intelligence. Didn't Trump want Intel's CEO to quit? That's what the president said August 7 in an unequivocal post calling for Intel CEO Lip-Bu Tan to resign less than five months after the Santa Clara, California, company hired him. The demand was triggered by reports raising national security concerns about Tan's past investments in Chinese tech companies while he was a venture capitalist. But Trump backed off after Tan professed his allegiance to the U.S. in a public letter to Intel employees and went to the White House to meet with the president, who applauded the Intel CEO for having an 'amazing story.' Why would Intel do a deal? The company isn't commenting about the possibility of the U.S. government becoming a major shareholder, but Intel may have little choice because it is currently dealing from a position of weakness. After enjoying decades of growth while its processors powered the personal computer boom, the company fell into a slump after missing the shift to the mobile computing era unleashed by the iPhone's 2007 debut. Intel has fallen even farther behind in recent years during an artificial intelligence craze that has been a boon for Nvidia and AMD. The company lost nearly $19 billion last year and another $3.7 billion in the first six months of this year, prompting Tan to undertake a cost-cutting spree. By the end of this year, Tan expects Intel to have about 75,000 workers, a 25% reduction from the end of last year. Would this deal be unusual? Although rare, it's not unprecedented for the U.S. government to become a significant shareholder in a prominent company. One of the most notable instances occurred during the Great Recession in 2008 when the government injected nearly $50 billion into General Motors in return for a roughly 60% stake in the automaker at a time it was on the verge of bankruptcy. The government ended up with a roughly $10 billion loss after it sold its stock in GM. Would the government run Intel? U.S. Commerce Secretary Howard Lutnick told CNBC during a Tuesday interview that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares in the company. But some analysts wonder if the Trump administration's financial ties to Intel might prod more companies looking to curry favor with the president to increase their orders for the company's chips. What government grants does Intel receive? Intel was among the biggest beneficiaries of the Biden administration's CHIPS and Science Act, but it hasn't been able to revive its fortunes while falling behind on construction projects spawned by the program. The company has received about $2.2 billion of the $7.8 billion pledged under the incentives program — money that Lutnick derided as a 'giveaway' that would better serve U.S. taxpayers if it's turned into Intel stock. 'We think America should get the benefit of the bargain,' Lutnick told CNBC. 'It's obvious that it's the right move to make.' Michael Liedtke, The Associated Press
Business Wire
10 minutes ago
- Business Wire
Metra North America launches in U.S. and Canada, raises the bar for aluminum extrusion quality, reliability and worth
BELDING, Mich.--(BUSINESS WIRE)--Today three premier U.S. and Canadian aluminum extrusion companies combine to launch Metra North America. Extruded Aluminum Company, Profile Custom Extrusions and Metra Canada unite as Metra North America to redefine aluminum extrusion quality, reliability and worth. 'Simply put, we're raising the bar to make our customers' jobs more rewarding and a lot less worrisome,' said Colin Brosmer, President, Metra North America. 'That means providing unequaled value beyond price that comes from being a true partner. A partner who puts customer needs first and does what they say they will to meet them.' The new website also debuts today. Although a new brand, the three companies comprising Metra North America provide over a century of collective extrusion, fabricating and finishing experience serving customers in multiple building and industrial markets. Experience that's akin to Metra Italy, a world leader in aluminum extrusion. 'Metra North America is a natural part of Metra globally,' said Metra CEO Enrico Zamperdri. 'We share the same customer-first values and the same relentless passion for meticulously crafted products, innovation, problem solving and flexibility.' As part of Metra globally, Metra North America is a KPS Capital Partners portfolio company. KPS acquired Metra in 2021, with the intent of creating a strong presence across both Europe and North America. 'As Metra North America,' concluded Brosmer, 'we have a robust extruded aluminum platform that will not only help us raise the bar but also help our customers exceed theirs.' ABOUT METRA NORTH AMERICA: Headquartered in Belding, Michigan, Metra North America is a high quality, customer-focused aluminum extrusion company serving the building and industrial markets. From windows, framing and curtain walls engineered to meet close-fitting tolerances, to meticulously fabricated and beautifully finished HVAC, solar, automotive and railway products, Metra North America is redefining aluminum extrusion quality, reliability and worth. As part of Metra globally, Metra North America is a KPS Capital Partners portfolio company. Learn more at
