Countering Beijing’s Economic Retaliation Tactics Through New US Bill
A bipartisan group of lawmakers recently announced a bill that aims to counteract the Chinese regime’s use of economics to coerce and influence other countries. The Countering China Economic Coercion Act bill was introduced by...
COVID-19 Crisis Fans Inflation of Food Prices, Rent, and Fuel
Consumer prices rose 8.6 percent last year induced by skyrocketing energy tariffs that are further hampering supply chains caused by understaffing due to stiff COVID-19 regulations and soaring sick leaves. The US Bureau of Labor...
Chinese Property Companies Hit With Credit Downgrades as Evergrande Crisis Deepens
Property firms in China are going through one of the most difficult times in recent memories, with real estate giant Evergrande and a host of other companies unable to pay loans and suffering from a...
FDA Weighs Endorsing a Johnson & Johnson Booster Shot
On Oct. 13, U.S. drug regulators said a second shot of Johnson & Johnson’s single-shot COVID-19 vaccine could bolster people’s protection against the disease, but regulators did not have enough time to analyze the data...
IRS Plan to Monitor All Transactions Over $600 Sparks Opposition
A Biden administration proposal that would allow tax officials to scrutinize all transfers of money over $600 in value has led to significant backlash and criticism, despite assurances that the policy targets tax-evaders among the...
Southwest Airlines Cancels More Than 1800 Flights; Blames Air Traffic Control Issues, Weather
Since Friday, Southwest Airlines has canceled more than 1800 flights, igniting speculation about a massive walkout of staff after the company announced mandatory vaccination for all employees. Instead, Southwest blamed the cancellations on the weather,...
Australian Restaurant Chain Expects to Lose $10 Million to Postpone Reopening Until ‘It’s a One-tier Society’
A 27-location restaurant chain in Australia’s New South Wales (NSW) state will remain closed after the government relaxes Coronavirus Disease 2019 (COVID-19) measures on Oct. 11, waiting until the so-called “Freedom Day” where the government...
Trading of Evergrande Shares Halted; Worries Concerning Chinese Property Market Deepen
On Oct. 4, Evergrande halted trading of its shares on the Hong Kong Stock Exchange (HKSE) pending a “major transaction,” which some believe involves Chinese state companies buying up portions of the firm’s assets. Evergrande...
The NIAID and NIH Financed Development of Merck’s COVID Pill, Now They’re Selling to Taxpayers at 3,500% Markup
Merck’s recently announced pill-based antiviral treatment for COVID-19 was researched and developed at a U.S. university using taxpayer funds. Now, the pharmaceutical giant is selling it back to the government at 35 times the cost...