Debbie Cho
Debbie has worked in corporate accounting and holds degrees in the social sciences and financial economics. She writes on topics regarding China and finance which brings together her educational and work interests.
January 2021 Unemployment Figures
The Bureau of Labor and Statistics (BLS) reported National unemployment numbers for January 2021. It showed an increase of 49,000 nonfarm jobs. The increase was lower than the expectations projected by Dow Jones Economists of...
New York Lawmakers Propose Stock Transfer Tax to Pay Budget Shortfalls
New Yorkers are familiar with state transfer taxes in the context of buying and selling co-op apartments that sell shares in units rather than the actual apartments but what a lot of New Yorkers might...
Elizabeth Warren’s Proposed Wealth Tax: $2.75 Trillion Over 10 Years
Sen. Elizabeth Warren (D-Mass.) has joined the Senate Finance Committee and plans on proposing a wealth tax that she initially introduced during her 2020 presidential campaign bid. She states on her website, “I’m very pleased...
Federal Reserve Holds Rates Steady Over Pandemic Outlook
As part of the Federal reserve, the Federal Open Market Committee’s (FOMC) response to the current economic outlook holds interest rates steady between 0 and .25 percent. The federal borrowing rates trickle down to the...
Hong Kong National Security Law Fallout: HSBC Brought Before UK Parliament for Freezing Assets of Pro-Democracy Account Holders
On June 30, 2020, Hong Kong’s National Security Law was passed, which was opposed by both the UK and U.S. governments and which negated the promised “One Country, Two Systems” balance between Hong Kong and...
Janet Yellen Confirmed as the Next US Treasury Secretary
Janet Yellen, former chair of the Federal Reserve Board under Barack Obama, has been confirmed as the new Treasury Secretary serving the Biden administration. Known to be a fiscal Dove and a Keynesian economist, her...
Will Chinese Citizens’ Individual Savings be Coaxed Into the Capital Markets?
On Dec. 22, 2020, the China Securities Regulatory Commission (CSRC) held a meeting and discussed the topic of encouraging Chinese citizens to invest their savings in capital markets. This is the second time within 11...
Hard Times for Stock Market, Small Businesses Under Biden: Poll Respondents
A recent CNBC poll of the investment community has surveyed how they believe the economy would fare under a Biden administration. The December poll results found that two thirds believe the stock market will do...
China Had the Most Jailed Journalists in 2020
The number of journalists jailed worldwide has increased since last year as reported by Reporters Sans Frontieres (RSF) and the Committee to Protect Journalists (CPJ). Both organizations list China as the worst offender for jailing...
Facing Food Shortages, China Plans to Regulate Consumption
On Dec.22, 2020 the National People’s Congress (NPC) of China brought forth a bill that will try to tackle food waste. Food wastage in China costs the country 18 million tons of food each year, which...