HONG KONG/NEW YORK—Persistent default fears eclipsed efforts by China Evergrande Group’s chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. Analysts played down the threat of Evergrande’s troubles becoming the country’s “Lehman moment,” though concerns about the…
China Evergrande’s Rising Default Risks Shift Focus to Possible Beijing Rescue
Swedish Riksbank Holds Course, No Rush to Exit Pandemic Policies
STOCKHOLM—Sweden’s central bank kept key policy unchanged on Tuesday and forecast the benchmark repo rate would remain at zero in coming years, showing little sign of being in a hurry to tighten monetary conditions despite a rapid recovery from the pandemic. Sweden’s gross domestic product is back to its pre-pandemic size, inflation has topped the…
Letting Go of Perfectionism
I’ve recently begun to recognize how self-sabotaging and hindering perfectionism can be. Perfectionism almost sounds virtuous. After all, what harm could there be in striving to reach perfection? That’s not how perfectionism plays out, however. With perfectionism, the standard of perfection can never be realized. So rather than attempting to get as close as possible,…
Philippines Supports Australia Nuclear Sub Pact to Counter China
MANILA—The Philippines is backing a new defense partnership between the United States, Britain, and Australia, hoping it can maintain the balance of power in the Indo-Pacific region, a view that contrasts sharply with some of its neighbors. Known as AUKUS, the alliance will see Australia get technology to deploy nuclear-powered submarines as part of the…
New Jersey Mandates COVID-19 Vaccine or Testing for Child Care Workers
New Jersey Governor mandated COVID-19 vaccination or testing for all personnel of child care facilities in the state. In addition, the governor ordered an indoor mask mandate for all employees, students, children, and visitors at these settings. Governor Phil Murphy signed on Monday an executive order that required all personnel of child care centers to…
Once Upon a Time in a Classic Classroom
My 6-year-old granddaughter Maria is a first-grader this year. At this writing, and I pray it continues, her classes are in-person. Her kindergarten days were primarily spent in front of a computer due to the COVID-19 lockdowns. She and I recently spent a delightful time shopping. It was a “grandmother date,” and together we chose…
Sen. Johnson: Health Agencies Are ‘Ignoring Natural Immunity’
Top American health officials are ignoring or downplaying so-called natural immunity, or the protection people enjoy after recovering from COVID-19, Sen. Ron Johnson (R-Wis.) told The Epoch Times. Science the senator has reviewed, including a real-world study from Israel, indicates that natural immunity is at similar levels as or even better than vaccination. But U.S….
Think Tank Warns Australia Over Iron Ore Trade with China
A new report released by the Australian Strategic Policy Institute (ASPI) on Wednesday urges Australia to take action on China’s coal export bans to avoid similar future attacks on Australia’s iron ore trade. “In the event that an iron ore glut emerges over coming years, Australian miners could be susceptible to the same kind of discriminatory action…
Never Too Early: Holiday Prep
Holidays? Already? Hear me out. You know that dream you have of the holiday season when your days are spent baking cookies, sipping cocoa by the fire, enjoying all of the local holiday events in your community with your family, and perhaps looking forward to a family getaway right after the holidays? The beauty of…
NYC Lawmakers Want to let Non-Citizens Vote in Local Elections
A supermajority of the New York City Council has backed a bill that would allow non-citizens who at least have a work permit to vote in the city’s local elections. Yet the state constitution says only citizens can vote. Despite being advised of its illegality, the bill’s sponsor is determined to push it forward. The…
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