Month: January 2023

Verifying Billions of Possibly Ineligible COVID Subsidy Payments ‘Wouldn’t Be Worth the Effort’: CRA Commissioner

Verifying billions of COVID-19 wage subsidy claims that the Auditor General previously said could be ineligible is not “worth the effort,” says Canada Revenue Agency (CRA) Commissioner Bob Hamilton. Hamilton appeared as a witness on Jan. 26 before the House of Commons Standing Committee on Public Accounts alongside Auditor General Karen Hogan, where both faced questions…


Bed Bath & Beyond Defaults on Debt Payment Amid Bankruptcy Fears

Struggling retailer Bed Bath & Beyond warned that it has insufficient funds to pay off its debt and has defaulted on its credit line with lender JPMorgan, sparking fears of a possible near-future bankruptcy. In a filing (pdf) with the U.S. Securities and Exchange Commission (SEC) on Jan. 26, the retailer, headed by Sue Gove, said that it…


Does ‘Dark Mode’ on Phones Really Help Us Sleep?

While our ancestors were lulled to sleep by the flickering, dancing flames of their cabin or campfires, we’re more likely to be kept awake by the unnatural, unending glow of our cell phone screens. Throughout our bodies are biological clocks that regulate our circadian rhythms, like our sleep/wake cycles. These take their cue from the…


Hasbro Shaving Off 15 Percent From Global Workforce as Top Executive Leaves Toy Firm

Global branded entertainment leader Hasbro announced a 15 percent reduction in its workforce as well as the exit of its chief operating officer while projecting weaker revenues for the fourth quarter. In October 2022, Rhode Island-headquartered Hasbro announced that it would deliver $250–300 million in annualized run-rate cost savings by the end of 2025. In…


UK Police Should Finish Manchester Chinese Consulate Assault Investigation: Simon Cheng

UK police should finish their investigation into the beating of a Hong Kong protester by Chinese diplomats last year, pro-democracy activist Simon Cheng said. Speaking to NTD’s “British Thought Leaders” programme, Cheng said it would otherwise send “wrong signals” to the British society, that Chinese diplomats are above the law. On Oct. 16, 2022, a…


Over 15,000 Americans Left Hong Kong in Past 2 Years: US Consul General

Gregory May, the U.S. Consul General in Hong Kong and Macau, told an online seminar on Jan. 25 that more than 15,000 Americans have left Hong Kong in the past two years. He believes that Beijing’s actions in Hong Kong will force more elites to flee, damaging Hong Kong’s status as a business hub. On…


Intel Shares Plunge on Disappointing Earnings Report, Weak Year Ahead Forecast

The stock of chip giant Intel plunged on Jan. 26 after the company reported disappointing fourth-quarter results and forecast more losses for the first quarter of 2023. Intel’s stock price fell nearly 10 percent in extended trading after the Santa Clara, California-headquartered giant reported fourth-quarter revenue of $14 billion, down 32 percent year over year. Market analysts…


Alabama Legislators Propose Bill to Ban the Teaching of ‘Divisive Concepts’

Alabama legislators have prefiled a bill that would ban the teaching of subjects considered to be divisive in public schools. House Bill 7 (pdf) would prohibit public entities such as state agencies, local boards of education, and public institutions of higher education from promoting or endorsing, or requiring affirmation of, certain “divisive concepts relating to…


Rights Activist and Members of Congress Hold Press Conference on Iran Protests

U.S. Reps. Claudia Tenney (R-N.Y.) and Josh Gottheimer (D-N.J.), actress and human rights activist Nazanin Boniadi, and House leaders hold a press conference at 9 a.m. ET on Jan. 27, to discuss the Iranian regime’s human rights abuses and to highlight a bipartisan resolution expressing support for the people of Iran. The Epoch Times will…


LIVE NOW: Rights Activist and Members of Congress Hold Press Conference on Iran Protests

U.S. Reps. Claudia Tenney (R-N.Y.) and Josh Gottheimer (D-N.J.), actress and human rights activist Nazanin Boniadi, and House leaders hold a press conference at 9 a.m. ET on Jan. 27, to discuss the Iranian regime’s human rights abuses and to highlight a bipartisan resolution expressing support for the people of Iran. The Epoch Times will…