Commentary San Francisco is a dangerous place to live. If in doubt, let me point you in the direction of Darren Mark Stallcup. An artist by day, a fentanyl citizen journalist by night, the young man recently made a shocking video documenting life in San Francisco. A resident of the Tenderloin, a drug-infested neighborhood overrun…
China’s Industrial Profits Tumble, Deepening Economic Gloom
BEIJING—Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery. The 18.8 percent year-on-year slump in profits came on top of the 20.6 percent contraction in January-April, and added to evidence of…
Biden Admin Bows to Beijing
Commentary The fact that U.S. Secretary of State Anthony Blinken has flown to China to discuss key points of contention indicates that the United States is more concerned about what China might do instead of China being concerned about potential U.S. actions across a spectrum of issues. In other words, the Biden administration appears to…
Home Depot Cuts Forecasts, Signals Weakness Ahead for Big US Retailers
Home Depot Inc. on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending as a big earnings week for U.S. retailers rolls out. Shares of the largest U.S. home improvement chain, which also blamed a wet start to Spring and falling lumber prices…
How the Prestige and Trust Deficit Impacts the Strategic Equation
Commentary Every major nation-state faces an existential threat in terms of economic viability, partly because the global strategic climate of distrust no longer favors high debt levels. This is not, in hard terms, because economic viability and (therefore) long-term security are no longer achievable, but because the factors of prestige and trust that empower and…
The Rise of the Chiselers
Commentary An early check-in at this $1,000 per night hotel costs an extra $100. A late check out is $100 per hour you stay past 10am. In the same hotel, there is a coffee pot but a K-cup to put in it runs $4. It’s an incidental. If you use more than one towel, you…
Judge Declines to Overturn Elizabeth Holmes Guilty Verdict
SAN JOSE, Calif.— A federal judge on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud and conspiracy. That leaves the former Silicon Valley star a step closer to serving prison time. U.S. District Judge Edward Davila won’t make that decision final until Oct….
New Birth-Boosting Guidelines Reveal ‘Serious’ Population Issue in China: Experts
August 21, 2022
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China’s top health body issued joint policy guidelines on its official website on Aug. 16 to encourage more births as part of the ruling communist party’s efforts to “promote long-term balanced development of the population.” The document, titled “Guidelines on Further Improving and Implementing Supportive Measures of Active Reproduction,” was jointly published by 17 different…
Chinese Cities Push Collective Buying of Homes Amid Shrinking Government Income
Since June, at least nine Chinese cities have been reportedly encouraging residents, including government employees, to “group buy” designated properties in an effort to boost local property sales. Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers make the purchase….
Scary Report on the US Economy
Commentary A frightening economic report has come out of the Commerce Department: U.S. real gross domestic product (GDP) fell at a 1.4 percent annual rate during the first quarter of the year. Suddenly, the prospect of recession has become very real. A slowdown in the recovery was already evident, and recession is indeed on the…
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