Commentary Watching a segment on the business network CNBC the week before Easter, I was struck by what the late baseball great Yogi Berra called “déjà vu all over again.” For what that network’s anchor Bob Pisani was describing was a crisis of confidence—but then an epiphany in my own case—yours truly experienced over 40…
DeSantis Insists Disney Will Have to Pay Its Debts, Says ‘Additional Legislative Action’ in Works
May 1, 2022
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Business & EconomyCompaniesdisneyFloridaLocal NewsMedia & Big TechPoliticsRegional-Local NewsRepublicansron desantisUSUS News
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Florida Gov. Ron DeSantis said Walt Disney Co. will have to pay its own debts as the entertainment corporation stated that the state would have to foot the bill for its bond taxes when its special status is revoked. Last month, the Florida Legislature approved DeSantis-backed legislation that rescinded Disney’s 55-year special governing status that…
DeSantis Insists Disney Will Have to Pay Its Debts, Says ‘Additional Legislative Action’ in the Works
May 1, 2022
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Business & EconomyCompaniesdisneyFloridaLocal NewsMedia & Big TechPoliticsRegional-Local NewsRepublicansron desantisUSUS News
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Florida Gov. Ron DeSantis said that Disney will have to pay its own debts as the entertainment corporation claimed the state would have to foot its bills for bond taxes when its special status is revoked. Last month, Florida’s Legislature passed a DeSantis-backed bill that rescinded Disney’s 55-year special governing status that allows it to…
Factories in Shanghai Struggling to Resume Production Under Lockdown
May 1, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyChinese RegimeEurope-China RelationsEuropean Union Chamber of CommerceINSIDE CHINAInternational Relationslockdownresume productionShanghaisocial controlSpecial Topics
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Shanghai has now been locked down for a month under the Chinese communist regime’s “zero-COVID” policy. Daily life, manufacturing production, and supply chains have been severely disrupted. Recently, Shanghai authorities have been pushing for the resumption of production in manufacturing, but the progress has been slow, and some enterprises are having difficulty resuming work under…
Record Number of UK Firms Warn Rising Costs Could Hurt Profits: Report
May 1, 2022
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Business & EconomyCompanieseconomic policieseconomyenergy pricesinflationthe Ukraine warUKUkraineWorld
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A record number of UK-listed companies have issued warnings to shareholders that rising costs could hurt their profits, a new report shows. The number of profit warnings issued in the first quarter of 2022 rose by 44 percent compared to the same period last year, according to the report from accounting firm EY. Some 43…
LIVE UPDATES: Pelosi Visits Kyiv, Meets With Zelenskyy
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeMarketspelosiRussiaRussia-Ukraine WarUkrainewarWorld
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The latest on the Russia–Ukraine crisis, May 1. Click here for updates from April 30. Pelosi Visits Kyiv, Meets With Zelenskyy U.S. Speaker of the House of Representatives Nancy Pelosi has met with Ukraine’s president during a visit to the country’s capital, Kyiv. Pelosi is the highest-ranking American leader to visit Ukraine since the start…
LIVE UPDATES: Russia Strikes US Weapons at Airfield Near Odesa, Defence Ministry Says
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeMarketspelosiRussiaRussia-Ukraine WarUkrainewarWorld
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The latest on the Russia–Ukraine crisis, May 1. Click here for updates from April 30. Russia Strikes US Weapons at Airfield Near Odesa, Defence Ministry Says Russia’s defence ministry said on Sunday it had struck at weapons supplied to Ukraine by the United States and European countries and destroyed a runway at a military airfield…
LIVE UPDATES: Fire Reported at Russian Military Site Near Ukraine
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeMarketspelosiRussiaRussia-Ukraine WarUkrainewarWorld
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The latest on the Russia–Ukraine crisis, May 1. Click here for updates from April 30. Fire Reported at Russian Military Site Near Ukraine One person was injured in a fire on a Russian defense ministry facility in the southern Belgorod region bordering Ukraine, Belgorod region governor said on Sunday. Governor Vyacheslav Gladkov said a local…
South Korea’s Semiconductor Market Share Weakens, Samsung’s Leadership Called Into Question
April 30, 2022
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Asia & PacificBusiness & EconomyCompaniesHuaweilee Jae-yongmemory chipSamsungsemiconductorSouth KoreaTSMCU.S. sanctionsWorld
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A recent South Korean study shows the country’s semiconductor market share in China shrunk 5.5 percent compared to 2018, citing the effect of U.S. sanctions on China. According to the Yonhap News Agency, the study was conducted by the Federation of Korean Industries (FKI), an economic association for domestic industries in South Korea. It analyzed…
First Quarter GDP Data: Confusion and Serious Economic Problems
Commentary First-quarter GDP (gross domestic product) numbers are among the most confusing numbers the government has ever produced. The only two clear conclusions we can draw are that inflation continues to soar and the economy is in serious trouble. Let’s first clear up some confusion. The numbers show real growth declining in the first quarter…
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