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Offshore Investors in Trouble as Evergrande Favoring Domestic Obligations
With liabilities of more than $300 billion, China’s Evergrande Group is the one of most indebted property developers in the world. Having failed to make payments on some of its debts, Evergrande is making offshore...
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The Silent Influence of the ‘China Model’ on US Economic Policy
Most analyses of the Chinese economy belong to one of two types: those that come from the venture capital industry and those created by think tanks. The venture capitalists are pessimistic about the Chinese economy’s...
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China’s Third Quarter GDP Falls Below Expectations, Weakest Growth Rate in a Year
China released its third-quarter GDP numbers and the results are lower than market expectations. According to data from the National Bureau of Statistics (NBS), China grew by just 4.9 percent in Q3, its weakest growth...
The Countering China Economic Coercion Act seeks to protect the interests of America and its allies.
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...
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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...
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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...
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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...
U.S. Treasury Secretary, Janet Yellen speaks during a press conference after attending the G7 Finance Ministers meeting at Winfield House on June 5, 2021 in London, England. G7 leaders want to enact a global 15 percent minimum corporate tax rate.
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,...