News Analysis The Chinese Communist Party (CCP) has been pushing its digital currency project in recent years. The CCP’s central bank has been conducting research on digital currencies since 2014. In August 2019, a report by the CCP’s mouthpiece Xinhua News Agency said that the Central Bank’s Digital Currency Research Institute, established in 2017, had so…
Blockchain, the Core of the CCP’s Digital Currency in Its Ambition for Global Hegemony
May 23, 2021
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AnalysisBlockchain technologyBusinessCCP's Global Financial HegemonyChinaChina Business & EconomyDigitial Currency Electronic Payment DCEPEconomiesOpinion
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Red States Lead the Charge In Lowest Unemployment Rates
Red states, along with lone Democrat-controlled Vermont, topped the charts in lowest unemployment rates in April, while blue states recorded the highest jobless rates, according to the Commerce Department. In a Friday release, the Commerce Department announced that the top five states with the highest unemployment rates in April were Hawaii (8.5 percent), followed by California…
South Korea Seeks Tax Cuts for US Investment by Firms Such as Samsung
May 22, 2021
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Asia & PacificBusinessCompaniesExecutive BranchInvestmentPoliticsSamsungSouth KoreataxTechTech NewsUSWorld
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SEOUL—South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms including leading chipmaker Samsung Electronics, its presidential office said on Friday. South Korean President Moon Jae-in, in Washington for a summit with U.S. President Joe Biden, told a gathering of U.S. Secretary…
Clarifying Benefits for Wives
Several weeks ago, I wrote a column explaining benefits that are payable to spouses. And by spouses, I almost always am referring to a wife and the benefits she might be due on her husband’s Social Security record. And whenever I write such a column, my inbox is immediately flooded with emails from women who…
Is Your Teen Financially Fit?
Dear Parents of Teens: The pandemic has changed our everyday reality in so many ways—financially, educationally, and socially. Money may be tighter. Kids may be doing online school. And we’re all spending a lot more time at home. But for all the changes in our lives, according to a recent Schwab survey, there’s one thing…
Three Carnival Corporation Ships and Norwegian Cruise Line Vessel to Resume Service to Alaska
Three Carnival Corporation lines—Princess Cruises, Holland America Line, and Carnival Cruise Line—as well as Norwegian Cruise Line vessel Norwegian Bliss, are poised to set sail to Alaska in July, after Congress on Thursday passed the Alaska Tourism Restoration Act, paving the way for the resumption of Alaska-bound ships after a pandemic-related stoppage. This bill, which…
3 Carnival Corporation Ships and Norwegian Cruise Line Vessel to Resume Service to Alaska
Three Carnival Corporation lines—Princess Cruises, Holland America Line, and Carnival Cruise Line—as well as Norwegian Cruise Line vessel Norwegian Bliss, are poised to set sail to Alaska in July, after Congress on Thursday passed the Alaska Tourism Restoration Act, paving the way for the resumption of Alaska-bound ships after a pandemic-related stoppage. This bill, which…
China’s Rapidly Shrinking Workforce Will Shake Up Its Status as the World Factory
May 20, 2021
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BusinessChinaChina aging populationChina Business & Economychina demographicsChina shrinking labor forcechinese migrant workersChinese RegimeEconomiesInternationalone-child policyWorld
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China’s labor market is undergoing structural changes, with a shrinking labor force and rising labor costs. Young people are reluctant to enter factories, and the international labor market is shifting to Southeast Asia and other places. Some analysts expressed concerns that China’s status as the “world’s factory” may end within a year.
US Wants to Force People to Report Crypto Transfers Over $10,000 to the IRS
The U.S. government on Thursday suggested mandating the reporting of any cryptocurrency transfers over $10,000 to the IRS, the latest proposal by federal officials to introduce more red tape into the crypto space. “As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on,”…
US Wants to Force Reporting of Crypto Transfers Over $10,000 to the IRS
The U.S. government on Thursday suggested mandating the reporting of cryptocurrency transfers over $10,000 to the IRS, the latest proposal by federal officials to introduce more red tape into the crypto space. “As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on,” the…
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