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☆ Hong Kong’s biggest stock is ready for a turnaround, analysts say
▼ + stars: | 2024-04-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.

Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China

☆ Hundreds of trucks full of aid sit idle near border with Gaza as crisis deepens
▼ + stars: | 2024-03-30 | by ( Charlene Gubash | Doha Madani | ) www.cnbc.com time to read: +4 min

Israeli officials have been imposing an opaque and cumbersome process and worsening the dire humanitarian crisis in the strip, Nossair and other aid officials charge. Israeli officials have repeatedly denied obstructing aid from entering Gaza, and instead blame the U.N. for acute shortages of lifesaving supplies in the strip — particularly the north. (Aid agencies and the U.N. say Gaza needs between 500 and 600 trucks a day carrying both humanitarian aid and commercial goods.) COGAT has said it places "no limit" on the amount of aid entering Gaza but subjects some items to higher security scrutiny. Israeli officials have also blamed the U.N.'s Palestinian refugee agency (UNRWA) for a failure to distribute aid.

Persons: Mohamed Nossair, Nossair, COGAT, Kerem, Israel Organizations: Palestinian, Hamas, NBC News, United Nations, NBC, UNRWA Locations: Israeli, Kerem, Gaza, Israel, Rafah, Ismailia, Territories, Kerem Shalom, Egypt, COGAT

☆ Why School Absences Have ‘Exploded’ Almost Everywhere
▼ + stars: | 2024-03-29 | by ( Sarah Mervosh | Francesca Paris | ) www.nytimes.com time to read: +14 min

Increase in chronic absenteeism, 2019–23 By local child poverty rates By length of school closures By school district size By district racial makeup Source: Upshot analysis of data from Nat Malkus, American Enterprise Institute. Sara Miller, a counselor at South Anchorage High School for 20 years, now sees more absences from students across the socioeconomic spectrum. But after a visit from her school district, and starting therapy herself, she has settled into a new routine. Nationally, about 26 percent of students were considered chronically absent last school year, up from 15 percent before the pandemic. Kaylee Greenlee for The New York TimesThe Ypsilanti school district has tried a bit of everything, said the superintendent, Alena Zachery-Ross.

Persons: Nat Malkus, ”, Kaylee Greenlee, Katie Rosanbalm, —, can’t, Adam Clark, Sara Miller, Miller, Ash Adams, Tracey Carson, Ashley Cooper, she’s, ’ ”, Cooper, Rosanbalm, Duke, Quintin Shepherd, The New York Times Quintin Shepherd, Shepherd, Michael A, Gottfried, “, Nicholas Bloom, Lakisha Young, Charlene M, Russell, Tucker, Regina Murff, Sylvia Jarrus, Ann Arbor, Murff, Alena Zachery, Zachery Organizations: D.C, American Enterprise Institute, New York Times, The New York, Center of Child, Duke University, The New York Times, Missing, South Anchorage High School, University of Pennsylvania Graduate School of Education, Companies, Stanford University, Oakland Locations: Anchorage, Michigan, Washington, Victoria , Texas, Mt, Northern California, Hawaii, Mason , Ohio, Cincinnati, San Marcos , Texas, California, Connecticut, Ypsilanti, Mich, Ann, Ross

☆ China's property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.
▼ + stars: | 2024-03-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's years-long property crisis could get worse. There are concerns over Vanke amid reports the state-backed property developer was seeking debt maturity extensions. AdvertisementChina's years-long real-estate debt crisis has already taken down property giant Evergrande, which is undergoing liquidation. But China's property crisis could still get worse. This story is available exclusively to Business Insider subscribers.

Persons: —, that's, Charlene Chu Organizations: Service, Autonomous Research, Bloomberg, Business Locations: China

☆ Judge Throws Out Defamation Lawsuit Against Meghan, Duchess of Sussex
▼ + stars: | 2024-03-12 | by ( Remy Tumin | More About Remy Tumin | ) www.nytimes.com time to read: +1 min

A federal judge on Tuesday dismissed a defamation lawsuit against Meghan, Duchess of Sussex, after her half sister accused her of spreading “disparaging, hurtful and false” statements in interviews. Samantha Markle, who shares a father with Meghan, claimed that comments Meghan made in an interview with Oprah Winfrey in 2021 and later in a Netflix documentary series, “Harry & Meghan,” aimed to portray Ms. Markle as “an unwelcome opportunist” who was “weaseling her way” into her famous half sister’s life. In a 58-page decision, Judge Charlene Edwards Honeywell of the U.S. District Court for the Middle District of Florida found that Ms. Markle had failed to identify any statements that supported her defamation claims. She also ruled that Meghan’s statements were protected either because they were pure opinion or substantially true, or because Ms. Markle had failed to make a case that they were defamatory in the first place. Meghan and her husband, Prince Harry, spoke in detail to Ms. Winfrey about their split from Britain’s royal family in a CBS special that was broadcast in the United States on March 7, 2021, and in the six-episode Netflix series in 2022, sending shock waves around the world as they accused the royal family of failing to protect them.

Persons: Meghan, Duchess of Sussex, Samantha Markle, Oprah Winfrey, Harry, ”, Markle, “, Charlene Edwards Honeywell, Prince Harry, Winfrey Organizations: Netflix, U.S, Middle, CBS Locations: Middle District, Florida, United States

Pandemic school closures upended U.S. education. Many students lost significant ground, and the federal government invested billions to help them recover. Students Are Making a ‘Surprising’ Rebound From Pandemic Closures. The students most at risk are those in poor districts, whose test scores fell further during the pandemic. The analysis did not include Asian students, who represent 5 percent of public school students.

Persons: —, ”, Sean F, Reardon, Thomas J, Kane, Erin Fahle, Douglas O, “, Karyn Lewis, Ann Owens, Charlene Williams, Raymond Hart, Mark Sullivan, Bob Miller, Alberto M, Carvalho, ’ ”, Betsi Foster, Sullivan, Pascal Mubenga, Maria Ceja, Maria Ceja’s, Rosalina Rivera, Adam Perez, Margaret, George W, Bush, “ We’re, Eric Hanushek, Marguerite Roza Organizations: Stanford, Harvard, Educational, Dartmouth, “, Opportunity, Stanford University, Center for Education Policy Research, Harvard University, University of Southern, Schools, Oregon Department of Education, N.J ., N.J . Utah Pa, Ill, U.S, of, Great City Schools, The New York Times, Birmingham, Delano Union, Hoover Institution, Georgetown University — Locations: United States, Durham, N.C, Birmingham, Ala, Delano, Calif, University of Southern California, Massachusetts, Kentucky, Tennessee, Oregon, Wis, N.J, N.J . Utah, S.D . Ind . Ohio Va . Conn, Mississippi, Tenn, Miss, Kan, R.I . Ky, Mich, . Ark . Oregon, ., Forsyth, Atlanta, Rochester, Detroit, Lake Oswego, Ore, Portland, Chicago, Nashville, Philadelphia, Los Angeles, California, Weakley County, Nevada

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. In other words, no massive credit event," Qazi told CNBC. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities. Still, questions remain on whether China will recognize the Hong Kong court order for Evergrande's liquidation — since most of the company's assets are in the mainland.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu, we've, Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong, Commerzbank

☆ Evergrande: 'Real unknown' is how mainland China courts will treat winding-up petition, analyst says
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvergrande: 'Real unknown' is how mainland China courts will treat winding-up petition, analyst saysCharlene Chu, China macrofinancial senior analyst at Autonomous Research, discusses the Evergrande liquidation order and says "the real question about the winding up petition is to what extent are the mainland authorities going to recognize what was decided in the Hong Kong courts."

Persons: Charlene Chu Organizations: China macrofinancial, Autonomous Research Locations: China, Hong Kong

The Senate voted 30-19 along party lines Friday for Senate Bill 358, sending it to the House for more debate. The chamber's Republican majority also on Friday pushed through a proposal to ban ranked-choice voting in Georgia on a 31-19 party-line vote. Raffensperger, also a Republican, says it is unconstitutional for the Senate to give the State Election Board the power to oversee an elected official. Activists have been pushing the State Election Board to investigate whether Raffensperger mishandled his audit of Fulton County’s 2020 results, motivated by unproven claims of fraud. Parent said the bill is pointless because ranked-choice voting is only allowed in Georgia today on overseas ballots.

Persons: —, Brad Raffensperger's, Bill, Raffensperger, ”, Charlene McGowan, Sen, Max Burns, Burns, Chris Carr, Fulton, Joe Biden, Donald Trump, Trump, Lower, uncounted, Republican Sen, Randy Robertson, Cataula, Robertson, Elena Parent, Parent Organizations: ATLANTA, Republican, Senate, Sylvania Republican, Raffensperger, Board, Democratic, Republican Georgia, Atlanta Democrat, ” Locations: — Georgia's, Georgia, Atlanta, ” Florida, Idaho , Montana , South Dakota, Tennessee

☆ Nick Dunlap turns professional, four days after missing out on $1.5 million payday due to amateur status
▼ + stars: | 2024-01-25 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —America’s newest golf sensation Nick Dunlap announced he is turning professional Thursday, just four days after missing out on a $1.5 million payday due to his amateur status. The University of Alabama sophomore announced his intention to accept PGA Tour membership at a press conference staged on campus, having become the first amateur to win on the tour in over three decades with triumph at The American Express on Sunday. “It was the easiest, hardest decision that I’ve ever had to make,” Dunlap said Thursday. “I was very fortunate that everyone had the same opinion about it, and my teammates were awesome and very supportive. Yet his shock victory secured him none of the $8.4 million prize purse due to his amateur status, with the $1.512 million winner’s cut instead going to South African runner-up Christiaan Bezuidenhout, who finished a stroke behind.

Persons: Nick Dunlap, I’ve, ” Dunlap, “, Charlene, Jim, Isabella Ellis, Jay Seawell, Orlando Ramirez, Dunlap, Christiaan Bezuidenhout Organizations: CNN, University of Alabama, PGA, American Express, US Amateur, Getty, week’s Farmers Insurance, PGA Championship, Tour Locations: La Quinta , California, Alabama

The Ely Shoshone, Duckwater Shoshone, and the Confederated Tribes of the Goshute Reservation — a coalition representing about 1,500 enrolled tribal members — are lobbying the federal government to designate nearly 40 square miles (100 square kilometers) as Bahsahwahbee National Monument. He testified in a multi-decade legal battle alongside ranchers, local officials and environmental groups who all opposed the project by the Southern Nevada Water Authority. Protecting water for sacred trees is not something the agency had previously done, Sullivan said. Even if the land becomes a national monument, the water beneath Bahsahwahbee would remain under the state’s jurisdiction. The Southern Nevada Water Authority supports a monument designation that allows for the continuation of existing ranching and agricultural activities, said Bronson Mack, water authority spokesman.

Persons: ELY, — White, ”, Warren Graham, Mamie Swallow, Spilsbury, Charlene Pete’s, —, ” Pete, Ely Shoshone, Alvin Marques, David Charlet, ” Charlet, Adam Sullivan, Sullivan, Neal Desai, Bahsahwahbee, Graham, Bronson Mack, Avi Kwa, Joe Biden, Catherine Cortez Masto, Jacky Rosen, Deb Haaland, Cortez Masto’s, Monte Sanford, “ Organizations: Rocky, Ely Shoshone, Southern Nevada Water Authority, College of Southern, Nevada Division of Water Resources, Southern, Southern Nevada Water, National Park Service, National Parks Conservation Association, National Register of Historic Places, Land Management, The Southern, The Southern Nevada Water Authority, Nevada Legislature, United, Associated Press, Walton Family Foundation, AP, Press, Lilly Endowment Inc Locations: Nev, Nevada, Ely, Duckwater Shoshone, ”, Bahsahwahbee, Vegas, College of Southern Nevada, Southern Nevada, The, The Southern Nevada, Arizona, U.S, United States

ATLANTA (AP) — An attempt to state that Georgia's appointed State Election Board has the legal power to investigate Republican Secretary of State Brad Raffensperger's handling of elections blossomed into a constitutional showdown Tuesday, with a lawyer for Raffensperger saying board members can't legally oversee him. “We’re looking to empower the State Election Board so that they can have oversight responsibility and that there’s no confusion about where that oversight responsibility is vested,” said Ethics Committee Chairman Max Burns, a Sylvania Republican. Activists have been pushing the State Election Board to investigate whether Raffensperger mishandled his audit of Fulton County's 2020 results, motivated by unproven claims of fraud. The board deadlocked 2-2 in December on whether it had such authority, and two board members asked lawmakers to clarify the law. Supporters said they can go forward because most of Raffensperger's election responsibilities are outlined in state law, not the Georgia Constitution.

Persons: Brad Raffensperger's, Charlene McGowan, Raffensperger's, Bill, ”, Max Burns, It's, Joe Biden, Donald Trump, Trump, Raffensperger, Fulton, it's, “, Steve Gooch, ” McGowan, Lawmakers, Gabriel Sterling, Sterling, John LaHood, LaHood, Jon Burns, let’s, ” Sen Brandon Beach Organizations: ATLANTA, Republican, Raffensperger, Board, Sylvania Republican, Democratic, Georgia, Georgia General Assembly, Governmental, Valdosta Republican Locations: Georgia, Valdosta

☆ China's rapidly dwindling future will shape the world for decades to come
▼ + stars: | 2024-01-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China's image. But now China's economy is withering, and the future Beijing imagined is being cut down to size along with it. What Beijing does — or fails to do — to fight this malaise will determine the course of humanity for decades to come. China's deflation worries started in earnest in the summer. Years of overbuilding — by about double the population, according to some estimates — and slowing population growth caused prices to collapse .

Persons: Minxin Pei, there's, Charlene Chu, Autonomous Research Charlene Chu, Chu, Wei Yao, Générale, I'm, Ben Bernanke, Bernanke, Xi Jinping, Xie Huanchi, Société Générale's Yao, Yao, It's, —, aren't, Logan Wright, Wright, Xi doesn't, Jinping, it's, Xi, Claremont's Pei, magnanimity Organizations: Claremont McKenna College, Autonomous Research, Federal Reserve, Getty Images Japan, Chinese Communist Party, Xi, CCP Locations: China, Beijing, dauphin, Xinhua, Japan, Xi's China, East Asia, Taiwan, Europe

☆ A man's heart went missing after he died in an Alabama prison. Another family claims it's not the first time this happened.
▼ + stars: | 2024-01-11 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewAnother family is claiming their son's organs went inexplicably missing after being incarcerated by the Alabama Department of Corrections (ADOC), court documents viewed by Business Insider show. Dotson's family has yet to find out what happened to their son's heart as the case remains open. Lauren Faraino, an attorney representing Dotson's family, did not immediately return a request for comment sent outside of working hours. Correction: January 10, 2024 — An earlier version of this story misidentified the facility that performed Brandon Clay Dotson's autopsy. It was done by the Alabama Department of Forensic Sciences, not the University of Alabama at Birmingham.

Persons: —, Brandon Clay Dotson, Dotson, Dotson's, Charlene Drake, Charles Edward Singleton, Hamilton, David Smith, Charles had, Smith, ADOC, Drake, Singleton, Charles, Lauren Faraino, Faraino, Brandon Clay Organizations: Service, Alabama Department of Corrections, Business, Alabama, Hamilton, Infirmed Center, University of Alabama, Birmingham, UAB, ABC, Associated Press, Alabama Department of Forensic Sciences Locations: Ventress, Birmingham, Dotson's

☆ In the Caribbean, a Creamy Way to Toast the Holidays
▼ + stars: | 2023-11-30 | by ( Christina Morales | More About Christina Morales | ) www.nytimes.com time to read: +1 min

She expects they’ll make more than 500 bottles by mid-January for their business, Cremasse by Ducasse. Fortune, an owner of Kremas Creole Premium in East Flatbush, Brooklyn, estimates she’ll deliver or ship more than 1,000 bottles this season, from September to January. Ms. Absalon was captivated by the ease of the recipe, and in 2013, she started to make a bottled version. “It’s important for us to bring our culture, and what comes out of it, to the American forefront,” she said. What is clear is that the people who make the drinks throughout the Caribbean are loyal to their particular country’s rum, said Jeff Berry, the author of “Beachbum Berry’s Potions of the Caribbean.”

Persons: Nadine Ducasse, Raymond Ducasse, Dorty J, Fortune, Charlene Absalon, Absalon, “, ”, Jeff Berry Organizations: Kremas Locations: East Setauket, Lakay, Flatbush , Brooklyn, East Flatbush , Brooklyn, Long, American, Caribbean

OSAKA, Japan (AP) — Ava Marie Ziegler performed a near-flawless free skate Saturday to win the NHK Trophy and lead a U.S. 1-2 finish on the podium. Nina Pinzarrone of Belgium was third with 194.66, a result that allowed her to secure a place in the Dec. 7-10 Grand Prix Final at Beijing. The NHK Trophy is the sixth and last event of the International Skating Union’s Grand Prix series, which leads in the Grand Prix Final. The competition concludes later Saturday with the free skate in both men’s and pairs. Japan's Yuma Kagiyama upstaged two-time world champion and compatriot Shoma Uno on Friday to finish first in the men’s short program.

Persons: — Ava Marie Ziegler, Ziegler, Lindsay Thorngren, Nina Pinzarrone, South Korea's Lee Hae, Christina Aguilera, axel, lutz, “, I’m, I’ve, ”, Thorngren, Kaori Sakamoto, Isabeau, Loena, Hana Yoshida, Rion Sumiyoshi, Lewis Gibson, Charlene Guignard, Marco Fabbri, Allison Reed, Saulius, Gibson, Guignard, Fabbri, Shoma Uno, ___ Organizations: NHK, Liberation, Britain, Yuma Locations: OSAKA, Japan, U.S, Belgium, Beijing, South, New Jersey, United States, Italy, Lithuania

☆ Tax-advantaged accounts can help you save on health-care costs—here's how HSAs and FSAs differ
▼ + stars: | 2023-11-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Health savings accounts and flexible spending accounts are both tax-advantaged financial tools that can help you save money on your medical expenses. Some FSA funds may roll over into the new year, but it depends on your plan sponsor, according to FSAStore. If you invest your HSA funds, the earnings are also tax-free, giving HSAs a triple tax advantage. "Your HSA custodian doesn't micromanage your HSA expenses like they will your FSA," Rhinehart says. She says it's a good idea to keep receipts when you use your HSA funds just in case you're ever audited.

Persons: FSAs, Charlene Rhinehart, Rhinehart, HSAs, they'll, doesn't Organizations: CNBC, Fidelity, Internal Revenue Service Locations: FSAStore

☆ Harvard-trained expert says successful people 'practice humility' more than most: It's ‘absolutely crucial’
▼ + stars: | 2023-11-10 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

The most successful people use humility to bounce back quickly, according to Harvard-trained leadership expert Charlene Li. "You don't know everything. And because you don't know everything, you can't be expected to have all the answers," Li, a San Francisco-based executive coach, recently told LinkedIn's "The Path" podcast. "When you can practice humility on a daily basis ... you can be open to a learner's mindset and that is absolutely crucial." "We are raised in school to aim for A's, which means being perfect, getting 100% on tests," she said.

Persons: Charlene Li, Li, LinkedIn's Organizations: Harvard Locations: San Francisco

“There aren’t that many Russian Orthodox followers (anymore), but it’s part of our heritage and we do want to see it preserved." The Russian Orthodox church was established in Alaska on Kodiak Island in 1794 and missionaries spread the faith, baptizing an estimated 18,000 Alaska Natives. Experts estimate about 80 historic Orthodox churches exist across Alaska, but weather and time are taking a toll, making restoration efforts even more critical. Deacon Thomas Rivas, the episcopal secretary to the Alaska Orthodox bishop. “However, its primary function is sacred and that’s important to all of us, even those of us that are not Russian Orthodox.”

Persons: Romanov, Nicholas Church, ”, Charlene Shaginaw, “, Aaron Leggett, Peter the Great, Vitus Bering, Bering, baptizing, Richard Nixon, Deacon Thomas Rivas, Leggett, Gina Ondola, Rivas, Romanov czars, Jobe Bernier Organizations: Alaska Natives, National Park Service, Church, National Register of Historic Places, Mission Society Locations: EKLUTNA, Alaska, Alaska's, Anchorage, Eklutna, Eklutna’s, Russian, Danish, Russia, Unalaska, United States, U.S, Kodiak, Kenai, Sitka, ”, Cook, St, Siberia

☆ A Friendship Forged in Wartime Casts a Long Shadow
▼ + stars: | 2023-10-27 | by ( Jennifer Egan | ) www.nytimes.com time to read: +2 min

ABSOLUTION, by Alice McDermottAlice McDermott is rightly celebrated for her granular, nuanced portraits of mid-20th-century life, with a particular focus on Irish Americans. Her fans may be startled, then, to find themselves plunged into 1963 Saigon at the start of her enveloping new novel, “Absolution,” whose lofty title belies its sensory, gritty humanity. McDermott’s contextual leap is not as great as it might seem. A bossy insider and mother of three, Charlene masterminds a “cabal” of charitable military-industrial wives bent on helping poor and ailing Vietnamese. Their work consists of channeling black-market profits into buying trinkets and candy to distribute to hospitalized children (some of whom may be recovering from war wounds) and their impoverished families.

Persons: Alice McDermott Alice McDermott, ” Patricia Kelly, Peter, Billy Lynch, “ Charming Billy ”, Marie, Peter Kelly’s, Kennedy, Ngo Dinh Diem, ” Graham Greene’s, McDermott, ”, Patricia, Charlene, Charlene masterminds Organizations: Americans, Catholic, Central Intelligence Agency, “ Catholic Intelligence Agency, WASP Locations: Saigon, American, McDermott’s, “, Vietnam, South Vietnam

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

Most of the school burned down, but its leaders quickly got classes up and running at Sacred Hearts Mission Church 10 miles (16 kilometers) away. Sacred Hearts and other private schools across the state took in displaced public school students, such as Cuaresma, while offering a year of free tuition. Other students bused more than 45 minutes away to public schools on the other side of Maui or opted for remote classes. Debbie Tau’s two children won’t return to their Lahaina schools because she also is worried the air isn’t safe. Patrick Williams said the first time he saw his son Kupaʻa praying at Sacred Hearts reminded him of his own childhood in Mississippi.

Persons: ”, Cailee Cuaresma, “ I’m, Cuaresma, Tonata Lolesio, “, Lahaina , King Kamehameha III, Nāhiʻenaʻena, Tiffany Teruya, Puʻuwai, Debbie Tau’s, Patrick Williams, ’ ” Williams, Williams, Gabby Suzik, Suzik, ” Suzik, Charlene Ako, Ako, Maile Organizations: Lahainaluna High, Sacred Hearts School, Hearts Mission, Hearts, Workers, Assistance Dogs, Lahaina, Maui Preparatory Academy, Lahaina’s, Maui Prep Locations: LAHAINA, Hawaii, Maui, Lahaina, Lahaina , King, Kihei, COVID, Mississippi, Asuncion, Waiola

Sept 29 (Reuters) - Air Canada (AC.TO) pilots staged a protest at Toronto's Pearson Airport on Friday, demanding better pay and benefits as talks over a new contract covering 4,500 pilots at Canada's largest carrier continue. We have to close the growing wage gap between us and our American counterparts," Chair of the governing body for the airline's pilots union Charlene Hudy told Reuters. Currently, the union is actively engaged in negotiations with Air Canada, and it anticipates that these discussions will persist throughout the entire month of October, Hudy added. "We are still early in the bargaining process and Air Canada remains engaged in productive discussions with ALPA," the carrier said on Friday. The pilots for the Montreal-based carrier, represented by the Air Line Pilots Association (ALPA) union, began bargaining for new labor terms this summer.

Persons: Charlene Hudy, Hudy, Shivansh, Shweta Agarwal Organizations: Air Canada, Toronto's Pearson, Canada's, Canadian, United Airlines, Delta Air Lines, American Airlines, American, Reuters, Air, Air Line Pilots Association, Thomson Locations: Montreal, Bengaluru, Wa Lone, Toronto

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