Month: April 2022

Elon Musk Wins $13 Billion Tesla Shareholder Lawsuit Over SolarCity Acquisition

A Delaware judge on Wednesday sided with Tesla CEO Elon Musk in a lawsuit brought by the electric vehicle maker’s shareholders that accused him of coercing the company’s board into buying SolarCity. Tesla acquired California-headquartered SolarCity for $2.6 billion in 2016 in a stock-for-stock merger. The company was founded in 2006 by Musk’s cousins, Peter and Lyndon Rive, and…


US State, Local Governments Helped Chinese Firms With $1.7 Billion in Subsidies: Watchdog

U.S. state and local governments have provided about $1.7 billion in subsidies to Chinese companies since 2010, a trend that must be reversed, said Robert Atkinson, president of Washington-based think tank Information Technology and Innovation Foundation. “The official U.S. policy is to try to slow down China because they’re playing unfairly, if you will. So…


US Local Governments Helped Chinese Firms With $1.7 Billion in Subsidies: Watchdog

U.S. state and local governments have provided about $1.7 billion in subsidies to Chinese companies since 2010, a trend that must be reversed, said Robert Atkinson, president of Washington-based think tank Information Technology and Innovation Foundation. “The official U.S. policy is to try to slow down China because they’re playing unfairly, if you will. So…


US Local Governments Helped China With $1.7 Billion in Subsidies: Watchdog

U.S. state and local governments have provided about $1.7 billion in subsidies to Chinese companies since 2010, a trend that must be reversed, said Robert Atkinson, president of Washington-based think tank Information Technology and Innovation Foundation. “The official U.S. policy is to try to slow down China because they’re playing unfairly, if you will. So…


US Local Governments Helped China With $1.7 Billion in Subsidies: Expert

U.S. state and local governments have provided about $1.7 billion in subsidies to Chinese companies since 2010, a trend that must be reversed, said Robert Atkinson, president of Washington-based think tank Information Technology and Innovation Foundation. “The official U.S. policy is to try to slow down China because they’re playing unfairly, if you will. So…


Israeli Missile Strike Kills Soldiers Near Damascus

Four Syrian soldiers were killed on Wednesday, Syria’s defense ministry said, in an Israeli missile attack on positions near Damascus that a war monitor said had hit an arms depot. The Syrian Observatory for Human Rights also reported a higher death toll of five Syrian troops and four soldiers of other nationalities, adding that the…


Rouble Climbs to March 2020 Levels Versus Euro, Stocks Up

The Russian rouble extended gains in early Moscow trade on Thursday, supported by month-end tax payments that led to increased conversion of foreign currency into roubles, while stock indexes posted solid gains. Movements on the Russian market are partly artificial as the rouble is propped up by capital controls, while stocks are trading with a…


It’s Time to End Affirmative Action

Commentary If I have read or heard it once, I have read or heard it a few thousand times: “We hold these truths to be self-evident, that all men are created equal.” Other than “freedom,” no single word describes more accurately than the word “equality” what it means to be an American. For decades, our…


US Has ‘Credible’ Information Russia Executed Ukrainians Trying to Surrender in Donetsk

The United States has “credible information” that Russian forces executed Ukrainians who were trying to surrender near Donetsk, a U.S. official said Wednesday. “We now have credible information that a Russian military unit operating in the vicinity of Donetsk executed Ukrainians who were attempting to surrender, rather than take them into custody,” Ambassador-at-Large for Global…


How Much Breakfast at Home Cost 50 Years Ago

Breakfast is truly a national treasure, but the meal beloved by many Americans has changed a lot over the years in terms of cost. From chowing down on a plate of bacon and eggs to devouring a New York-style bagel, breakfast 50 years ago may look similar, but it cost a lot less. While the 1970s…