Foreign investments have continued to flee China as the country’s economy remains sluggish. Experts pointed out three major factors causing it. Since last December when Beijing abandoned the restrictive “Zero-COVID” policy, foreign investors were optimistic about the Chinese market. Foreign investment poured back into China in the first few months of this year, but this…
3 Factors Continue to Drive Foreign Investment out of China: Experts
June 26, 2023
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American States Considering Taxing Vehicle Owners Based on Distances Traveled
June 26, 2023
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Multiple U.S. states are weighing policies to charge vehicle owners a fee based on the miles they travel as authorities seek to replace gas taxes which have been declining for some time. For more than a century, gas taxes have been a major source of revenue for state transportation funding. This has contributed to maintaining…
US States Consider Taxing Vehicle Owners Based on Miles Traveled
June 26, 2023
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American statesBusiness & Marketseconomic policieseconomyPolicies & ImpactsRegional & State Newstaxing vehicle ownersUSUS News
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Multiple U.S. states are weighing whether to charge vehicle owners a fee based on the miles they travel as officials seek to replace gas taxes, which have been declining for some time. For more than a century, gas taxes have been a major source of revenue for state transportation funding. This has contributed to maintaining…
White House Unveils $42 Billion Investment Plan to Expand Internet Access
June 26, 2023
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The Biden administration has detailed how the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…
White House Announces $42 Billion Investment Plan to Expand Internet Access
June 26, 2023
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bidenBusiness & MarketsCompanieseconomic policieseconomyenergyExecutive Branchinfrastructure billinternetInvestmentPoliticsUSUS News
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The Biden administration has announced that the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…
Here’s What the USDA Revealed to the American People About Future Food Shortages
The nationwide crop failure isn’t a secret anymore, and it shouldn’t have surprised anyone—but it did. Here are the facts: The USDA recently released a report with shocking statistics that captured the nation’s attention. In summary, the agency revealed that countless crops from last season won’t be harvested this season. The culprit? Record-breaking droughts and…
Wall Street Kicks Off Week on Mixed Note as Rate Worries Persist
Wall Street opened mixed on Monday, pressured by investor fears the Federal Reserve’s aggressive monetary tightening will hurt the U.S. economy and a decline in Pfizer after its decision to drop the development of a weight loss drug. The Dow Jones Industrial Average (.DJI) rose 3.36 points, or 0.01 percent, at the open to 33,730.79….
Money-Supply Slump Spells Private-Sector Recession
Commentary Allow me to explain why we have not seen a recession yet, despite the collapse in base money supply. We are witnessing the stealth nationalization of the economy. What does this mean? The entire burden of the monetary collapse and rate hikes is falling on the shoulders of families and small businesses, while large…
Drop in German Business Morale Points to Longer Recession
June 26, 2023
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BERLIN—German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession. The Ifo institute said its business climate index fell to 88.5 this month from 91.5 in May. A Reuters poll of analysts had predicted a smaller…
Dollar Surges to 15-month High Against Russia’s Rouble on Aborted Mutiny
LONDON/SINGAPORE—The U.S. dollar rose to a 15-month high against the rouble on Monday after dramatic weekend events in Russia, which saw an aborted mutiny by armed mercenaries. The dollar index also found some safe-haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook….
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