A recent filing by House Speaker Nancy Pelosi (D-Calif.) shows that her financier husband Paul Pelosi offloaded nearly $5 million worth of graphics card giant Nvidia shares just days before House lawmakers are set to consider legislation that would provide billions in government subsidies for U.S. semiconductor production. In a periodic transaction report signed on Tuesday,…
Pelosi’s Husband Sells Nvidia Shares at Major Loss Ahead of House Vote on Chipmaker Subsidies
July 28, 2022
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Hong Kong Police Arrest High School Student They Shot in the Chest in 2019
Four protesters in the anti-extradition movement, including Tsang Chi-kit, a former high school student shot in the chest by the police, were arrested on July 13 in Pak Tam Chung, Sai Kung. The court had wanted them for failing to appear on the appointed date. They were reportedly arrested when they were about to flee…
Sri Lanka’s Tragic Tale of ‘Going Green’
Commentary The story of Sri Lanka’s demise into chaos, poverty, and lawlessness is tragic—but another warning sign of what happens when leftist ideas take hold. If you haven’t been following the day-to-day crisis on the streets of Sri Lanka—an Asian nation that was not long ago a thriving middle-class country with wealth and commerce—the country’s…
Nick Sandmann Defamation Lawsuits Against Media Dismissed by Federal Judge
Libel lawsuits brought by Nick Sandmann against a string of media outlets were dismissed by a U.S. District Court in Eastern Kentucky this week, which ruled that statements that he “blocked” a Native American man were “protected opinions.” Sandmann filed lawsuits against ABC, CBS, CNN, Gannett, NBC, The New York Times, Rolling Stone, and The…
Is the Protection of Taiwan a Vital Interest of Australia?
July 28, 2022
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Asia & PacificAustraliaChinaChinese Communist PartyChinese RegimecongressGlobal ExpansionNancy PelosiOpinionpaul keatingPoliticsSpecial TopicsTaiwanUSUS-China relationsViewpointsWorld
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Commentary Paul Keating, the former prime minister of Australia, has criticised the proposed congressional visit to Taiwan of the Speaker of the U.S. House of Representatives, Nancy Pelosi. In a statement, released on July 25, he said that the congressional delegation, headed by Pelosi, might “degenerate into military hostilities” and that it is hard to…
New Zealand Property Market in ‘Correction’ Phase and Faces Significant Challenges
July 28, 2022
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Asia & PacificBusiness & MarketseconomyGlobal Real EstateinflationmortgageNew Zealandreal estatereal estate marketWorld
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The New Zealand (NZ) property market faces significant challenges as house values have fallen for three consecutive months, and sales activity shows clear signs of slowing. CoreLogic NZ’s latest property market update revealed that the total value of residential real estate fell $40 billion (US$25 billion) across the June quarter to $1.69 trillion. The value…
DOJ Accused Survivor of Police Brutality, of ‘Disliking’ Hong Kong Police
A man filed a claim to the District Court for being violated and tortured by Hong Kong police. He claimed compensation of HK$1.6 million (US$203,840) from the Hong Kong Police Force Commissioner. The Hong Kong Department of Justice (DOJ) questioned whether he does not like Hong Kong police. Siu Che-hung, about 50, is a self-employed transporter…
‘Continued Persecution’: MP Lambasts Proposal to Remove Prayer From Parliamentary Proceedings
Independent MP Bob Katter has issued a stinging rebuke of the Australian Senate chief after she proposed removing the Lord’s Prayer from parliamentary proceedings. It comes after the new Senate President Sue Lines said that as an atheist, she did not want to say the prayer, which has been read prior to each sitting day…
Beyond Recession Probabilities
July 28, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyglobal recessioninflationMarketsrecession
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Commentary The shortened U.S. trading week restarted on the Fourth of July with an enormous bang. Not some leftover fireworks, but rather chaos, disorder, and serious illiquidity across global financials. Most of it was focused, tellingly, on commodities, those like copper and oil which have until recently “benefited” maybe the most (apart from aluminum or…
Queensland Floods Caused an Estimated $7.7 Billion Worth of Damage: Report
This year’s devastating floods in South East Queensland will cost the state an estimated $7.7 billion (US$5.3 billion), according to an independent Deloitte Report recently released. The report looked into the financial, economic and social costs of the severe rainfall and flooding events that occurred between late February and early April and impacted 23 local…
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