
Unions, politicians meet on Boston waterfront to push for domestic shipbuilding policies
Advertisement
The new bipartisan federal legislation aims to support the sector with tax credits and a new trust fund that could be used for education and workforce training, among other incentives. The USTR's investigation into Chinese trade practices started under President Biden, but it's currently being championed by the Trump administration.
The handful of ships commissioned each year in the US, Sullivan said, represents a threat to national security as China churns out more than 1,000 every year.
Boston Ship Repair was chosen as a backdrop in part because the unionized workforce has dwindled in recent years, to around 50 to 60 today from a peak of around 300, as work assignments slowed down. Restaurateur-turned-developer Jon Cronin owns the shipyard, and Boston Ship Repair chief executive Ed Snyder is expected to speak at the event.
Advertisement
'We want to push, push, push, because we know we're so far behind China, and our national security is really at risk,' Sullivan said. 'We have to make sure we have these shipyards. We can't lose Boston Ship Repair, with the drydock they have, this far Northeast. We have to keep these things running, keep them in good shape, in case of times of war.'
Jon Chesto can be reached at

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Post
10 minutes ago
- New York Post
Trump and Rubio secure Rwanda-Congo peace treaty amid Pakistan's Nobel Prize nomination
President Donald Trump announced on Friday he and Secretary of State Marco Rubio had secured a 'wonderful' treaty between Rwanda and Congo, as Pakistan formally nominated him for the 2026 Nobel Peace Prize. 'I am very happy to report that I have arranged, along with Secretary of State Marco Rubio, a wonderful Treaty between the Democratic Republic of the Congo, and the Republic of Rwanda, in their War, which was known for violent bloodshed and death, more so even than most other Wars, and has gone on for decades,' Trump wrote in a Truth Social announcement. The president noted representatives from Rwanda and the Congo will be in Washington on Monday to sign documents. He went on to discuss his chances at winning a Nobel Peace Prize, claiming he wouldn't get one, 'no matter what I do.' 'This is a Great Day for Africa and, quite frankly, a Great Day for the World,' Trump wrote in the post. 'I won't get a Nobel Peace Prize for this, I won't get a Nobel Peace Prize for stopping the War between India and Pakistan, I won't get a Nobel Peace Prize for stopping the War between Serbia and Kosovo, I won't get a Nobel Peace Prize for keeping Peace between Egypt and Ethiopia (A massive Ethiopian built dam, stupidly financed by the United States of America, substantially reduces the water flowing into The Nile River), and I won't get a Nobel Peace Prize for doing the Abraham Accords in the Middle East which, if all goes well, will be loaded to the brim with additional Countries signing on, and will unify the Middle East for the first time in 'The Ages!' 6 President Donald Trump and Secretary of State Marco Rubio speak with reporters at Morristown Municipal Airport in Morristown, NJ on June 8, 2025. AP 'No, I won't get a Nobel Peace Prize no matter what I do, including Russia/Ukraine, and Israel/Iran, whatever those outcomes may be, but the people know, and that's all that matters to me!' On Wednesday, India refuted claims by Trump that he had stopped the war between Pakistan and India. Indian Foreign Secretary Vikram Misri wrote in a news release that 'talks for ceasing military action happened directly between India and Pakistan through existing military channels, and on the insistence of Pakistan,' according to a report from Reuters. Indian Prime Minister Narendra Modi reiterated India 'has not accepted mediation in the past and will never do,' Misri noted in the statement. 6 Secretary of State Marco Rubio hosts a Declaration of Principles signing ceremony with representatives from the Congo and Rwanda at the State Department on April 25, 2025. AP The mention of a Nobel Peace Prize came nearly two hours after the Government of Pakistan published a lengthy post on X, formally recommending Trump for the honor. 'The Government of Pakistan has decided to formally recommend President Donald J. Trump for the 2026 Nobel Peace Prize, in recognition of his decisive diplomatic intervention and pivotal leadership during the recent India-Pakistan crisis,' the post read. 'The international community bore witness to unprovoked and unlawful Indian aggression, which constituted a grave violation of Pakistan's sovereignty and territorial integrity, resulting in the tragic loss of innocent lives, including women, children, and the elderly.' 6 Members of the Democratic Forces for the Liberation of Rwanda and Armed Forces of the Democratic Republic of the Congo during a presentation in Goma, DRC on May 10, 2025. AFP via Getty Images 6 President Joe Biden meets with DR Congo President Felix Tshisekedi durign the G20 of World Leaders Summit in Rome, Italy on Oct. 30, 2021. POOL/AFP via Getty Images Pakistani leaders said at a moment of heightened regional turbulence, Trump demonstrated 'great strategic foresight and stellar statesmanship' through 'robust diplomatic engagement' with both Islamabad and New Delhi, securing a ceasefire. 'This intervention stands as a testament to his role as a genuine peacemaker and his commitment to conflict resolution through dialogue,' the post continued. 'The Government of Pakistan also acknowledges and greatly admires President Trump's sincere offers to help resolve the longstanding dispute of Jammu and Kashmir between India and Pakistan—an issue that lies at the heart of regional instability. 'President Trump's leadership during the 2025 Pakistan India crisis manifestly showcases the continuation of his legacy of pragmatic diplomacy and effective peace-building. Pakistan remains hopeful that his earnest efforts will continue to contribute towards regional and global stability, particularly in the context of ongoing crises in the Middle East, including the humanitarian tragedy unfolding in Gaza and the deteriorating escalation involving Iran.' 6 Rwanda President Paul Kagame delivers a speech in Kigali, Rwanda on April 7, 2025. Getty Images 6 The Nobel Peace Prize during the production process in Eskilstuna, Sweden, on Oct. 29, 2019. AFP via Getty Images According to The Nobel Prize's website, to be nominated for the Nobel Peace Prize, a person must be a 'qualified nominator,' which includes national governments, heads of state, previous award winners, and members of specific international organizations. The nomination process is confidential, and entries are due by Jan. 31, hence the 2026 nomination.
Yahoo
30 minutes ago
- Yahoo
If EPS Growth Is Important To You, HomeChoice International (JSE:HIL) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like HomeChoice International (JSE:HIL). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. That makes EPS growth an attractive quality for any company. Impressively, HomeChoice International has grown EPS by 34% per year, compound, in the last three years. If growth like this continues on into the future, then shareholders will have plenty to smile about. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Not all of HomeChoice International's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. HomeChoice International maintained stable EBIT margins over the last year, all while growing revenue 21% to R4.4b. That's progress. You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers. See our latest analysis for HomeChoice International HomeChoice International isn't a huge company, given its market capitalisation of R3.4b. That makes it extra important to check on its balance sheet strength. It's said that there's no smoke without fire. For investors, insider buying is often the smoke that indicates which stocks could set the market alight. Because often, the purchase of stock is a sign that the buyer views it as undervalued. Of course, we can never be sure what insiders are thinking, we can only judge their actions. It's worth noting that there was some insider selling of HomeChoice International shares last year, worth R1.4m. But that doesn't beat the large R3.8m share acquisition by Non-Independent Executive Chair Shirley Maltz. So, on balance, that's positive. You can't deny that HomeChoice International has grown its earnings per share at a very impressive rate. That's attractive. Growth in EPS isn't the only striking feature with company insiders adding to their holdings being another noteworthy vote of confidence for the company. In essence, your time will not be wasted checking out HomeChoice International in more detail. However, before you get too excited we've discovered 5 warning signs for HomeChoice International (2 are a bit concerning!) that you should be aware of. There are plenty of other companies that have insiders buying up shares. So if you like the sound of HomeChoice International, you'll probably love this curated collection of companies in ZA that have an attractive valuation alongside insider buying in the last three months. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


American Press
33 minutes ago
- American Press
Columbia protester Mahmoud Khalil freed from immigration detention
Palestinian activist Mahmoud Khalil was released Friday from federal immigration detention, freed after 104 days by a judge's ruling after becoming a symbol of President Donald Trump 's clampdown on campus protests. The former Columbia University graduate student left a federal facility in Louisiana on Friday. He is expected to head to New York to reunite with his U.S. citizen wife and infant son, born while Khalil was detained. 'Justice prevailed, but it's very long overdue,' he said outside the facility in a remote part of Louisiana. 'This shouldn't have taken three months.' Email newsletter signup The Trump administration is seeking to deport Khalil over his role in pro-Palestinian protests. He was detained on March 8 at his apartment building in Manhattan. Khalil was released after U.S. District Judge Michael Farbiarz said it would be 'highly, highly unusual' for the government to continue detaining a legal U.S. resident who was unlikely to flee and hadn't been accused of any violence. 'Petitioner is not a flight risk, and the evidence presented is that he is not a danger to the community,' he said. 'Period, full stop.' During an hourlong hearing conducted by phone, the New Jersey-based judge said the government had 'clearly not met' the standards for detention. The government filed notice Friday evening that it's appealing Khalil's release. The Department of Homeland Security said in a post on the social platform X that the same day Farbiarz ordered Khalil's release, an immigration judge in Louisiana denied him bond and 'ordered him removed.' The decision was made by Judge Jamee Comans, who is in a court located in the same detention facility from which Khalil was released. 'An immigration judge, not a district judge, has the authority to decide if Mr. Khalil should be released or detained,' the post said. Khalil was the first person arrested under Trump's crackdown on students who joined campus protests against Israel's devastating war in Gaza. U.S. Secretary of State Marco Rubio has said Khalil must be expelled from the country because his continued presence could harm American foreign policy. The Trump administration has argued that noncitizens who participate in such demonstrations should be deported as it considers their views antisemitic. Protesters and civil rights groups say the administration is conflating antisemitism with criticism of Israel in order to silence dissent. Farbiarz has ruled that the government can't deport Khalil on the basis of its claims that his presence could undermine foreign policy. But the judge gave the administration leeway to continue pursuing a potential deportation based on allegations that he lied on his green card application, an accusation Khalil disputes. The international affairs graduate student isn't accused of breaking any laws during the protests at Columbia. He served as a negotiator and spokesperson for student activists and wasn't among the demonstrators arrested, but his prominence in news coverage and willingness to speak publicly made him a target of critics. The judge agreed Friday with Khalil's lawyers that the protester was being prevented from exercising his free speech and due process rights despite no obvious reason for his continued detention. The judge noted that Khalil is now clearly a public figure. Khalil said Friday that no one should be detained for protesting Israel's war in Gaza. He said his time in the Jena, Louisiana, detention facility had shown him 'a different reality about this country that supposedly champions human rights and liberty and justice.' 'Whether you are a U.S. citizen, an immigrant or just a person on this land doesn't mean that you are less of a human,' he said, adding that 'justice will prevail, no matter what this administration may try to portray' about immigrants. Khalil had to surrender his passport and can't travel internationally, but he will get his green card back and be given official documents permitting limited travel within the country, including New York and Michigan to visit family, New Jersey and Louisiana for court appearances and Washington to lobby Congress. In a statement after the judge's ruling, Khalil's wife, Dr. Noor Abdalla, said she can finally 'breathe a sigh of relief' after her husband's three months in detention. 'We know this ruling does not begin to address the injustices the Trump administration has brought upon our family, and so many others,' she said. 'But today we are celebrating Mahmoud coming back to New York to be reunited with our little family.' The judge's decision comes after several other scholars targeted for their activism have been released from custody, including another former Palestinian student at Columbia, Mohsen Mahdawi; a Tufts University student, Rumeysa Ozturk; and a Georgetown University scholar, Badar Khan Suri. ___ Marcelo reported from New York. Jennifer Peltz contributed from New York.