President Joe Biden on Thursday touted progress he has made on his agenda, particularly on infrastructure, while making his first trip to the Pacific Northwest since taking office ahead of the November midterm elections.
Mr Biden's visits to the cities of Portland and Seattle — part of a growing travel schedule ahead of the elections — will also see him participate in a fundraiser for the Democratic National Committee.
Mr Biden spoke about new spending made possible by the passage of the $1 trillion infrastructure law that includes investments in highways and broadband, as well as about the jobs that it will create. The bill allocates $1.2 billion for Oregon and $8.6bn for Washington state.
He visited Portland's airport on Thursday to talk about investing in a runway that can withstand earthquakes and will spend Thursday night and Friday in Seattle, where he will observe Earth Day and talk about his administration's plans to tame inflation.
"We're here today to talk about investments we're making to modernize this airport," Mr Biden said in his address. "So through the bipartisan infrastructure law, we're investing $25 billion to upgrade and modernize American airports."
White House officials have said in recent weeks that they hope to shift their outreach strategy to voters by visiting more states to talk about the administration's accomplishments rather than describing the need for legislation that remains stalled.
Mr Biden last visited Seattle in November 2019 while campaigning in the Democratic presidential primaries.
more from Janine di Giovanni
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
'Tell the Machine Goodnight' by Katie Williams
Penguin Randomhouse
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.