Canada is facing a significant gap in standard of living performance, or real GDP per capita, compared to other advanced economies, according to a report from TD Bank. The report, titled “Mind the Gap: Canada is Falling Behind the Standard-of-Living Curve” and published was published on July 13, highlights Canada’s struggle to keep up with its peers…
Canada Struggling to Keep Pace With Standard of Living as Labour Productivity Woes Persist
‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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American Thought LeadersBusiness & MarketsChinaChina Business & EconomyChina Newseconomic policieseconomyEpochTVFinance & Business Tiesfree tradeLive VideosRobert LighthizerSpecial TopicsTech CompetitionUS-China relationsUS-China TradeVideo
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
How Major US Stock Indexes Fared July 18
Wall Street’s growing frenzy around artificial intelligence pushed stocks to their best level in more than 15 months. The S&P 500 rose 0.7 percent Tuesday to its highest finish since early April 2022. The Dow added 366 points, or 1.1 percent, and the Nasdaq composite climbed 0.8 percent. Microsoft was the biggest force pushing the…
[PREMIERING NOW] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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American Thought LeadersBusiness & MarketsChinaChina Business & EconomyChina Newseconomic policieseconomyEpochTVFinance & Business Tiesfree tradeLive VideosRobert LighthizerSpecial TopicsTech CompetitionUS-China relationsUS-China TradeVideo
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
When China’s Economy Slumps, so Does Beijing’s Political Power
July 18, 2023
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Business & MarketsBusiness ColumnistsChina’s economydue diligenceespionageOpinionrare earth elementsstimulus spendingThinking About China
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Commentary China’s economy is in desperate straits. So desperate that officials in one county in Guangdong Province offered an illegal bribe to U.S. investors. Any U.S. corporate “decision maker” who brings investment, according to The Wall Street Journal, would get 10 percent of the deal’s total value. A $100 million investment by a U.S. company,…
American Startups Facing a Tough Situation in 2023, With Little Sign of Relief
July 18, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMedia & Big TechrecessionSilicon ValleystartupsTechTech NewsUSUS Newsventure capital
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It is becoming more apparent that American startups are facing a bad year, and financial relief is far from coming. Higher interest rates, a shaky U.S. economy, and the recent banking crisis have led to a shortage of funds for capital-hungry startups in their early stages, along with less opportunity for those in late-stage development…
Chinese Fast-Fashion Retailer Sued in US for Racketeering, Copyright Infringement
July 18, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina NewsChinese e-commerce companycopyright infringementfast fashionGlobal ExpansionInfiltrating the WestracketeeringRICOSheinSocial IssuesSpecial TopicsUSUS-China relationsWorld
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Chinese fast fashion e-commerce company Shein has recently been sued again in the United States for racketeering and plagiarizing the work of three independent designers. The plaintiffs accused Shein, a Chinese company that recently changed its headquarters’ address to Singapore, violated the Racketeer Influenced and Corrupt Organizations Act (RICO), as the company has engaged in…
Federal Reserve Not a Climate Policymaker, Says Central Bank Supervisor
Despite the Federal Reserve’s supervisory work related to the financial risks of climate change, the U.S. central bank is not a climate policymaker, says a supervisory and regulatory director at the institution. Dr. Michael Gibson reiterated Chair Jerome Powell’s remarks earlier this year that the Fed is not crafting climate policy. However, the central bank…
Biden’s Student Bailout May Cost Taxpayers $475 Billion: Penn University Study
July 18, 2023
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Business & MarketseconomyJoe Bidenloan bailoutPenn UniversityPolicies & ImpactsPoliticsstudent loansUSUS News
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President Joe Biden’s proposed income-based student loan repayment plan could cost $475 billion over a period of 10 years and end up encouraging “more loan borrowing” among college students, according to the University of Pennsylvania. Mr. Biden’s “Saving on A Valuable Education” (SAVE) scheme aims to reduce the income-based monthly payments on student loans by…
Rep. Jordan Considers Holding Mark Zuckerberg in Contempt of Congress
A top House Republican indicated that Meta Platforms and Facebook CEO Mark Zuckerberg could face a contempt of Congress citation if he doesn’t cooperate with an investigation into allegations that Meta colluded with the federal government to censor speech. During an appearance on Fox News on Monday, House Judiciary Chairman Jim Jordan (R-Ohio) was asked…
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