MEXICO CITY—Tesla will open a gigafactory in Mexico, Chief Executive Elon Musk said on Wednesday, as the electric vehicle behemoth pushes to expand its global output. Mexico on Tuesday said Tesla had chosen the northern border state of Nuevo Leon for a new factory worth more than $5 billion, calling it the “the biggest electric…
Australia Waits for National Security Chiefs to Weigh in on TikTok
Australia’s national security chiefs have been asked to make a determination on whether Australia should ban the social media app TikTok from all government agencies. The move comes after the Biden Administration order on Feb. 27 that all federal agencies had just 30 days to wipe TikTok from all government devices in a bid to keep…
PREMIERING 3/2 at 7:30PM ET: Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’
March 1, 2023
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American Thought LeadersbidenBiden adminbiden administrationBiden Inflationbrownstone instituteBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesCoronavirus In-DepthCOVID Economycritical race theoryeconomic policieseconomicsEconomyEducation & Family NewsenergyEpochTVFederal Reserveinflationjeffrey tuckerJoe BidenLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsrecessionUSVaccines & SafetyVideo
“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…
Major Drugmaker to Cut Insulin Prices for Americans, Cap Out-of-Pocket Costs at $35
Eli Lilly and Co. announced on Wednesday that prices for the company’s most commonly prescribed insulins will be reduced by up to 70 percent later this year, a move praised by President Joe Biden, who urged other drugmakers to follow. In a statement published on Mar. 1, the largest U.S. manufacturer of insulin said that…
Americans Work Remotely as Employees in Europe and Asia Return to the Office
March 1, 2023
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A great divergence has become noticeable in return-to-office habits, as half of American workers still work remotely compared to their counterparts in Asia and Europe who have largely returned to the office. Offices in the United States are still at about half capacity three years after the onset of the pandemic, with occupancy rates at 40–60…
China Exodus—Multiple Apple Suppliers Moving Out of Country
March 1, 2023
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Major Apple suppliers are shifting manufacturing capacity outside of China, with Vietnam and India being their top destinations, as firms struggle with supply disruptions and geopolitical tensions. China-based GoerTek, which makes Apple’s AirPods, is investing $280 million in a new manufacturing plant in Vietnam while also considering other destinations like India. Since January, the company…
Thailand’s Gulf Energy Completes Deal to Buy Stakes in US Power Project
March 1, 2023
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Thailand’s power producer, Gulf Energy Development Plc, has completed a deal to acquire a 49 percent stake in the 1,200-megawatt gas-fired power project in Illinois as part of its expansion efforts in the United States. The company initiated the acquisition through its subsidiary Gulf Energy USA in September 2022. The deal, valued at more than…
Disney Loses Control of District Operations to Conservative Committee
March 1, 2023
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Business & MarketsCompaniesDisney WorldEducation & Family NewsFloridaFlorida Gov. Ron DeSantisMoms for LibertyParental Rights in Education BillPoliticsReedy Creek Improvement DistrictRegional & State NewsState NewsUSUS News
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In a recent turn of events, Florida’s Republican governor Ron DeSantis has appointed five members to a new board that will administer the district housing Walt Disney World, with a “Moms for Liberty” co-founder securing a spot on the board. On Monday, DeSantis signed legislation that renames Reedy Creek Improvement District, where Walt Disney World…
General Motors Cutting Salaried Employees, Executives as Part of ‘Structural Costs’ Reduction Effort
General Motors Co. is cutting an unspecified number of salaried and executive staff positions as part of what it says is an effort to lower costs, improve performance, and beat the competition. General Motors chief people officer Arden Hoffman made the announcement in a memo to employees published by Reuters. The Epoch Times cannot confirm the…
Slack Bans Conservative ‘Libs of TikTok,’ Reports Daily Caller
March 1, 2023
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The conservative social media account Libs of TikTok has been banned by the instant messaging app Slack. Slack, which is owned by Salesforce, has allegedly permanently banned Libs of TikTok for an alleged violation of the platform’s “Acceptable Use Policy” which the company failed to specify. Libs of TikTok is a Twitter account that reposts…
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