Florida Gov. Ron DeSantis warned about China’s malign influence in the Sunshine State after reports showed Chinese investors having spent billions of dollars buying U.S. farmland and other real estate. Calling China the United States’ “number-one adversary,” DeSantis told Fox News on July 23 that companies linked to the Chinese Communist Party (CCP) shouldn’t be…
Chinese Investors Shouldn’t Be Allowed to Buy US Properties: DeSantis
July 24, 2022
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Business & MarketsChinaChina Business & EconomyChinese Commuint PartyConfucius Institueseconomic policieseconomyFloridaGov. Ron DeSantisInvestmentLocal NewsPolicies & ImpactsPoliticsRegional-Local NewsRepublicanssemiconductorUSUS NewsUS-China relations
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ESG Is a Globalist ‘Scam’ Meant to Usher In ‘One World Government’: James Lindsay
July 23, 2022
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Business & MarketseconomyESGInvestmentMarketsone world governmentPolicies & Impactssocial justice warriorstocksUS
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James Lindsay, author of “Race Marxism” and other books challenging woke narratives, has taken environmental, social, and governance (ESG) scores into his crosshairs, calling ESG a weapon in the hands of “social justice warriors” to shake down corporations and a tool in the hands of those seeking to impose “one world government.” Lindsay told Epoch TV’s…
Forecasting Economic Crises
July 23, 2022
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Business & MarketsBusiness ColumnistsinflationInvestmentMarketsOpinionStock Market ReactionViewpoints
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Commentary Why have economic crises ‘sneaked up’ on us humans for so long? Sure, there have always been lonely voices warning about an approaching collapse, but they have usually been met with laughter and ridicule. Nothing is naturally more rewarding for a forecaster than earning the ability to say “I told you so” without ever…
New Bill to Tax College Endowment Investments in Hostile Chinese Companies at 100 Percent
A new Republican-backed bill in Congress seeks to pressure elite private colleges to pull their endowment dollars from hostile Chinese entities by taxing those investments at a 100 percent rate. Rep. Greg Murphy (R-N.C.) on Wednesday introduced the Protecting Endowments from our Adversaries Act, which encourages divestment from companies deemed hostile to the United States, including…
Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner: Expert
July 22, 2022
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Business & Marketsdebt death spiraleconomyFederal ReserveinflationInvestmentMarketspersonal financerecessionUSUS News
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As the Federal Reserve continues to hike rates into a rapidly slowing economy, macroeconomic analyst Luke Gromen warns of a growing risk of a default-culminating “death spiral” in U.S. government debt that will force the central bank to hit pause on monetary tightening sooner than markets expect, and then restart the money printers full blast…
Investors Slash Stock Allocation to Lowest Levels Since 2008 Financial Crisis, BofA Poll Finds
Investors have slashed their stock allocation to the lowest level since the collapse of Lehman Brothers during the financial crisis of 2008–09, a new poll found. According to Bank of America’s latest monthly survey of global fund managers, investors’ expectations of international growth and corporate profits cratered to levels not seen since the economic collapse…
Mercedes Benz to Invest 1.2 Billion Euros in Spain After Unions Back New Plan
MADRID—German automaker Mercedes-Benz plans to invest 1.2 billion euros in its Vitoria plant in northern Spain after workers backed a new labor agreement, unions UGT and CCOO said on Tuesday. About 57 percent of the plant’s nearly 5,000 workers voted in favor of a deal that defines working conditions and pay raises until 2026, allowing…
Canada, Mexico, China Lead Foreign Investment in US Real Estate
In the past year alone, international buyers purchased $59 billion worth of residential properties in the United States, indicating an 8.5 percent hike from last year and smashing a 3-year record of declines. A newly released report from the National Association of Realtors (NAR) tracked global buyers from April 2021 to March 2022. While the…
Netflix Continues Subscriber Losses but Beats Expectations
Netflix’s second-quarter financial results on July 19 revealed a continued loss in subscribers, albeit less than anticipated by both the streaming giant and investors. Netflix lost 970,000 subscribers (pdf) in the second quarter amid increased competition from other streaming services, account sharing, sluggish economic growth and other factors such as the impacts of Russia’s war in Ukraine, the…
Elon Musk’s Brain-Chip Company Neuralink Gets Overtaken in US by Australian Startup
Australia-based startup Synchron planted its fifth brain-computer device and the first into the brain of a U.S. patient, emerging as a potential rival to Tesla Inc’s CEO Elon Musk’s Neuralink, which is yet to receive a regulatory nod. What Happened Doctors at the Mount Sinai West medical center in New York, on July 6, implanted Synchron’s first 1.5-inch device into the brain of…
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