The Australian government has extended support for a trial program helping low-income families obtain vehicles following a surge in demand. According to the Department of Social Services, the No Interest Loans Scheme for Vehicles program delivered by charity Good Shepherd Australia will receive $500,000 (US$334,000) in extra federal funding to support vulnerable families until June…
More Interest-free Loans to Support Vulnerable Australian Motorists Buy Vehicles
Zuckerberg Launching Twitter Rival Called ‘Threads’
The rivalry between Elon Musk and Mark Zuckerberg has just heated up as Meta, the parent company of Facebook and Instagram, has teased that it’s launching a platform to rival Twitter. Called “Threads,” the Meta-backed microblogging platform is billed as “Instagram’s text-based conversation app,” according to a listing on Apple’s App Store. The listing indicates that…
Bankruptcy Filings on the Rise in First Half of 2023
Chapter 11 bankruptcy filings in the United States jumped 68 percent in the first half of 2023 compared to the same period last year, according to Epiq Bankruptcy, a provider of bankruptcy filing data. Epiq reported a total of 2,973 commercial Chapter 11 bankruptcies were filed in the first six months of 2023, compared to…
Judge Delivers Major Blow to Biden Admin in Social Media Censorship Case
July 4, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketscensorshipCompaniesconstitutional rightsExecutive BranchFeatured TopicsJudiciaryMedia & Big TechPoliticsUSUS News
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A federal judge has made a historic ruling by partially granting an injunction that blocks various Biden administration officials and government agencies like the Justice Department and the FBI from working with big tech firms to censor posts on social media. The injunction came in response to a censorship-by-proxy lawsuit brought by attorneys general in…
Ban Shein, China’s Fast-Fashion Company
July 4, 2023
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Commentary Shein, China’s fast-fashion company, moved its headquarters from Nanjing to Singapore last year, apparently in an attempt to globalize and escape the bad reputation of its parent country. Yet most of its business operations, including almost all its factories and warehouses, remain in China. Shein apparently tried to rehabilitate what’s left of its China…
China’s $3 Trillion in ‘Shadow Reserves’ Threatens Global Economy: Former US Treasury Official
The Chinese regime is hiding trillions of dollars in “shadow reserves,” according to an economist and former Obama-era Treasury Department official. Mr. Brad Setser, who served on President Joe Biden’s 2020 transition Agency Review Team, recently warned that China possesses far more foreign exchange reserves than what the regime is reporting. He estimated in The…
Fuel Standard Could Save Drivers $10,000, Study Finds
Introducing an ambitious fuel-efficiency standard in Australia could save drivers up to $10,000 over the life of their vehicles, reduce the price of electric cars by 2.8 percent each year, and cut 31 million tonnes of carbon emissions by 2035, according to a new study. It found the policy could also deliver economic and environmental…
Nike Stock Slides as Inflation Hightens
Nike Inc. was affected by higher costs worldwide and had lower-than-expected profits in its fourth quarter results released last week, leading to a decline in its share price. Although the company’s sales were stable, its profits were hit by inflation, leading to a 3 percent decrease in its share price, Yahoo Finance reported. Gross margins…
Online Marketplace for Companies Supporting Conservative Values to Go Public
A “parallel” online marketplace aiming to provide a solution for Americans who want to shop with businesses aligning with conservative values is looking to go public. Colombier Acquisition Corps, a publicly traded acquisition company, has announced plans to merge with online marketplace PublicSq, according to a June 30 press release. “We have witnessed the pronounced…
Twitter Says Users Must Be Verified to Access TweetDeck
Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, the company said. Twitter made the announcement in a tweet detailing an improved version of TweetDeck with new features. It was unclear if Twitter…
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