Tesla CEO Elon Musk’s deepening relationship with China involves national security and business risks, according to Jon Pelson, author of “Wireless Wars, China’s Dangerous Domination of 5G and How We’re Fighting Back.” Pelson, former chief convergence officer for British Telecom, referred to Musk’s unannounced trip to China on May 30—his first visit to the country…
Musk’s Business Ties to China Pose National Security Risks: Expert
June 1, 2023
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Supreme Court Deals Blow to Unions, Rules Company Can Sue For Damage Caused by Strike
June 1, 2023
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Business & MarketsJudiciarynational Labor Relations BoardNLRBPolicies & ImpactsSupreme CourtteamstersUSUS News
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In an 8-1 ruling, the U.S. Supreme Court on June 1 decided that a union’s deliberate destruction of company property as a pressure tactic in a labor dispute is not protected by federal law. Labor activists have said that endangering and destroying company property during a dispute is fair game that has long been protected…
Central Banks Caused Inflation, Debt Ceiling Deal Is ‘Total Scam,’ Says Reagan Economist David Stockman
The inflationary environment gripping the U.S. and global economies was driven by central banks worldwide distorting the economy through fiat credit expansion, resulting in sky-high inflation and financial bubbles, said David Stockman, the former director of the Office of Management and Budget (OMB) under President Ronald Reagan. During the coronavirus pandemic in 2020 and 2021,…
Central Banks Caused Inflation, Debt Ceiling Deal Is ‘Total Scam,’ Reagan Economist David Stockman Says
The inflationary environment gripping the U.S. and global economies was driven by central banks worldwide distorting the economy through fiat credit expansion, resulting in sky-high inflation and financial bubbles, according to David Stockman, the former director of the Office of Management and Budget under President Ronald Reagan. During the coronavirus pandemic in 2020 and 2021,…
UK House Prices See Biggest Annual Fall Since 2009
The average UK house price saw its biggest annual fall in nearly 14 years in May, Britain’s biggest building society has said. According to the Nationwide Building Society, property values fell by 3.4 percent annually in May, marking the biggest drop seen since July 2009, when an annual fall of 6.2 percent was recorded. The…
Data of Nearly 9 Million MCNA Dental Patients Exposed by Hackers
June 1, 2023
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Business & MarketsCompaniesCrime & Public SafetyCrime and Incidentsdata theftdentalhackersMassive Data BreachTechTech NewsUSUS News
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The dental insurer Managed Care of North America (MCNA)—one of the largest dental health insurers in the United States—has warned that the personal information of nearly nine million individuals has been compromised after its computer system was hacked. The Atlanta, Georgia-based company—which bills itself as the leading dental benefits manager of government-backed plans for children and seniors—said in a…
Conservatives’ Boycotts Wipe Off Billions From Target and Bud Light Valuations, More Brand Battles Upcoming
June 1, 2023
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Major brands such as Bud Light and Target, among others, are facing immense backlash from supporting LGBTQ causes, with the market capitalization of the firms crashing by double digits in recent weeks. Stores of Target were boycotted after the retail giant rolled out its Pride collection at the beginning of May, including some items targeted at…
ANALYSIS: Conservatives’ Boycotts Wipe Off Billions From Target and Bud Light Valuations, More Brand Battles Upcoming
June 1, 2023
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Bud LightBusiness & MarketsCompaniesconservative boycotteconomyInvestmentMarketsSocial IssuesTargetUSUS News
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Major brands such as Bud Light and Target, among others, are facing immense backlash from supporting LGBTQ causes, with the market capitalization of the firms crashing by double digits in recent weeks. Stores of Target were boycotted after the retail giant rolled out its Pride collection at the beginning of May, including some items targeted at…
What You Need to Know About the Recent Bank Failures Hitting the US
On March 10, Silicon Valley Bank (SVB) was shut down by banking regulators. This was the second-largest bank collapse in U.S. history, only behind the collapse of Washington Mutual in 2008 during the financial crisis. Signature Bank was shut down on March 12. First Republic Bank was seized by regulators on May 1. Worse yet,…
Amazon Workers Walk Out Over Return to Office Policy and Climate Impact
June 1, 2023
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Amazon employees walked out at the company’s Seattle headquarters, to highlight their concerns over recent layoffs, a return to office policy, and the company’s environmental impact. More than 2,000 Amazon employees worldwide walked off the job after 1 p.m., Pacific Time, on May 31, of which 1,000 of them gathered next to the Spheres, the landmark entrance…
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