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School district officials have faced off with students, parents, school board members and teachers about issues related to the Israel-Hamas war — but until now, not members of Congress. For the three public school leaders, who are likely to face a similarly tense environment, “it’s hard to imagine a less welcome invitation,” said Justin Driver, a professor at Yale Law School who is an expert on how constitutional law applies to schools. The three school districts, all diverse, have robust American Jewish communities. They are also in staunchly liberal areas, making them ripe targets for the Republicans who run the committee. And they have had their share of controversies.
Persons: , Justin Driver Organizations: , Education, Workforce, Yale Law School, Republicans Locations: Israel, — New York City, Berkeley, Calif, Montgomery County, Maryland
“We are not going anywhere until our demands are met,” Khymani James, a student at Columbia University, said during a news briefing Wednesday. Student demonstrators occupy the pro-Palestinian "Gaza Solidarity Encampment" on the West Lawn of Columbia University on April 24, 2024 in New York City. The Columbia protesters are also calling for the university to “disclose and sever all ties” with the New York Police Department. For example, Columbia protesters want the university to sever ties with the school’s center in Tel Aviv and a dual degree program with Tel Aviv University. New York University protesters use the school’s Tel Aviv center as a rallying cry as well.
Persons: ” Khymani James, Michael M, , Mike Johnson, Charlie Eaton, , It’s, Mark Yudof, it’s, ” Yudof, Yudof, he’s, Jonathan Macey, Macey, ” Lauren Post, don’t, Cary Krosinsky, Lockheed Martin, Basil Rodriguez, Rodriguez, ” Rodriguez, John Towfighi Organizations: New, New York CNN — College, Hamas, Universities, Columbia University, Student, Lawn of Columbia University, Getty, University of Southern, , Princeton University, Ivy League, Columbia University Apartheid, Columbia, New York Police Department, Students, Tel Aviv University . New York University, Republican, University of California, “ Bankers, Yale Law School, Defamation League, Post, ADL, Yudof, BDS, Universities don’t, Yale, Lockheed, Raytheon, CNN Locations: New York, America, Israel, Gaza, Palestinian, New York City, University of Southern California, Harlem, Columbia, Tel Aviv, South Africa, Merced, Ivory, Iran, Russia
New York CNN —Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. Nunes suggested there are signs of “naked” short selling, which involves someone selling shares they don’t own or have not borrowed. Jay Ritter, a finance professor at the University of Florida, said there are more obvious explanations for why some traders are betting against Trump Media. Last week, Nunes wrote a letter to Nasdaq, where Trump Media shares trade, alerting the exchange to concerns about market manipulation.
Persons: New York CNN —, Devin Nunes, ” Nunes, Nunes, ” Jonathan Macey, Jay Ritter, , Jay Ritter, Ritter, Jane Street, Ken Griffin, “ Devin Nunes, Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Truth Social, Trump Media, Financial Services, Republican, Traders, Yale Law School, CNN, University of Florida, ” Trump Media, Trump, Citadel Securities, Virtu, Jane, Capital, Citadel, Nasdaq, CNBC Locations: New York, California, Virtu Americas, America
He is a graduate of Yale Law School, a fellow of the American College of Trial Lawyers and a retired Illinois attorney. In rejecting Trump’s contention that the gag orders violate his First Amendment rights, Merchan pointed to Trump’s social media posts. Merchan was aware of the Sheppard opinion justifying his initial gag order, citing it in the ruling. A leading lawyers’ organization, the American College of Trial Lawyers, wrote that Trump’s statements about judges and prosecutors “puts our very democracy at risk. It should be universally condemned.”That’s why Merchan’s gag order is indispensable.
Persons: Michael Conway, Richard Nixon, Donald Trump’s, Juan Merchan, Stormy Daniels, Trump, Merchan, ” Merchan, Trump’s, Sam Sheppard, Sheppard, Alvin Bragg, don’t, , Organizations: Yale Law School, American College of Trial, CNN, Trump, US, Twitter, Facebook Locations: Illinois, York, New York, Manhattan
You might miss a massive move in Trump Media & Technology Group’s stock price. Trump Media is so turbulent that it makes bitcoin’s volatility look tame. There are many reasons why Trump Media shares have been so volatile, including the fact that the company is inextricably linked to the former president. This dynamic makes it easier for investors to place bullish bets, sending Trump Media shares surging. But that has been trickier with Trump Media, allowing its stock to spike in its early days.
Persons: Donald Trump, it’s Trump, , Matthew Tuttle, Michael Ohlrogge, Matthew Kennedy, Kennedy, , it’s, Bob Sloan, Tuttle, Charles Schwab, ” Tuttle, Ohlrogge, Trump, Renaissance’s Kennedy, Jonathan Macey, ” Macey Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, Tuttle Capital Management, Trump Media’s, NYU School of Law, Similarweb, Renaissance, Facebook, Meta, “ Traders, Companies, S3 Partners, CNN, NYU, MBT, Yale Law School Locations: New York
The forum this year coincided with other efforts to attract foreign business. However, a combination of geopolitical tensions, regulatory uncertainty and slower economic growth have made it more challenging for foreign businesses in China. ... foreign companies share the same lack of confidence and worries about an uncertain future that is felt amongst much of China's domestic industry. Looking for economic clarityFor businesses considering China investment plans, the country's near-term growth outlook is another factor. He emphasized China's large market, industrial supply chain, and pointed out how China has worked on issues such as data exports and equal market treatment for foreign businesses.
Persons: Tim Cook, Management Dean Bai Chong, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Rajesh Subramaniam, Joe Biden, Carlos Gutierrez, Sean Stein, Gutierrez, Biden, Scott Kennedy, Peter Bachmann, Bachmann, Kennedy, Stephen S, Roach, Yale Law School's Paul Tsai, he's, China's, Han Zheng, Amin H, Nasser Organizations: Apple, China Development Forum, Tsinghua University School of Economics, Management, China News Service, Getty, U.S . Blackstone, Qualcomm, Bloomberg, FedEx, China, Cyberspace Administration, U.S, American Chamber of Commerce, of Commerce, Scott, Scott Kennedy Center for Strategic, Studies, China Centre, University of Applied Sciences, Arts Northwestern Switzerland, Center for Strategic, International Studies, Yale Law, Yale Law School's Paul Tsai China, Communist Party, Invest, CNBC, Aramco Locations: China, BEIJING, U.S, San Francisco, Beijing, Shanghai, Washington ,, Saudi
Facts First: The stock exchange on which the Trump Media & Technology Group is being listed, the Nasdaq, is also headquartered in New York. In fact, the Nasdaq and the New York Stock Exchange are located in the same New York City borough of Manhattan. He said: “Like, what?”“I hope somebody advising President Trump informs him that the same investor protection rules that safeguard investors of the New York Stock Exchange also safeguard investors on the Nasdaq Stock Market,” Macey said. Colangelo served as acting associate attorney general in the first months of the Biden administration in early 2021 and then as principal deputy associate attorney general. As acting associate attorney general, he was third in command of the department – never the top official there, as Trump has previously claimed.
Persons: Donald Trump, , ” Jonathan Macey, Macey, Trump, ” Macey, Letitia James, Attorney Alvin Bragg, ‘ I’m, Lynn Martin, Stacey Cunningham, Sharon Bowen, Biden, Matthew Colangelo, , Joe Biden, Bragg, Colangelo, Biden James, Jack Smith, Smith, General Merrick Garland, Garland, Organizations: Washington CNN, Trump Media & Technology Group, New York Stock Exchange, Trump Media & Technology, Nasdaq, NYSE, , Yale Law School, New, Manhattan, Attorney, Trump Media, Technology Group, U.S . Securities, Exchange Commission, Biden, Department, Trump, New York, federal Justice Department, DC, Justice Department Locations: New York, York City, Manhattan, York, Macy’s, Fulton County , Georgia, New York , Georgia, Florida, Washington
He spoke with DealBook about how China views the latest U.S. crackdown on TikTok. How does China see the latest TikTok fight? Chinese state media and government spokespeople have made it clear that this is very unwelcome. State media is keeping its powder dry because there are still several steps before ByteDance might have to sell TikTok in the U.S. Before this looks really imminent, state media is not rallying citizens to object too much.
Persons: Dan Wang, Wang, Yale Law School’s Paul Tsai, DealBook, spokespeople, ByteDance Organizations: Yale Law, Yale Law School’s Paul Tsai China Center, U.S Locations: China, United States, America, Beijing, U.S
2 official, who is charged with running its economy – and one more move for Xi to cement his control over the official narrative. China's Premier Li Qiang speaks during a press conference after the closing session of the National People's Congress in Beijing on March 13, 2023. He used his first and likely last press conference last year to highlight the prominence of the Communist Party over the state government. The axing of the premier’s press conference came alongside a shortening of the “two sessions” overall – first imposed during the pandemic to prevent the spread of Covid. Traffic slowed due to checkpoints on surrounding streets, with security officials even stopping and checking IDs of some cyclists riding on a major throughfare along the square.
Persons: Xi Jinping, Xi, , Liu Dongshu, Jinping, Li Qiang, Greg Baker, Premier Li Keqiang, Xi protégé Li Qiang, Li, , ” Li, Liu, ” Changhao Wei, Paul Tsai, presser, Tatan Organizations: Beijing CNN, of, National People’s Congress, City University of Hong, National People's Congress, Premier, Communist Party, Paul Tsai China Center of Yale Law School, National People's, AP, Communist Locations: Beijing, Communist, China, City University of Hong Kong, AFP, Hong Kong, Tiananmen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYale's Stephen Roach says China may have run out of imaginative solutions to its tough problemsStephen Roach, senior fellow at Yale Law School, discusses the significance of China's Third Plenum delay and what that means for its "Two Sessions."
Persons: Stephen Roach Organizations: Yale Law School Locations: China
Edgar Su | ReutersBEIJING — China is beefing up national security measures by expanding its protections of state secrets to include a broad category of "work secrets." The new rules, set to take effect May 1, describe how precautions taken for state secrets should also apply to unclassified information known as work secrets. "There is a risk that individual departments will overzealously identify matters as 'work secrets,'" Daum said. He also founded the website China Law Translate, which published an unofficial English translation of the new rules. Growing national security concernsThe updated state secrets law comes as Beijing and Washington increasingly cite national security risks when announcing new restrictions for business.
Persons: Edgar Su, Xi Jinping, Jeremy Daum, Yale Law School's Paul Tsai, Daum, Jeremy Daum Yale Law School's Paul Tsai, Gabriel Wildau Organizations: of, Initiative, Reuters, Yale Law, Yale Law School's Paul Tsai China Center, China, Jeremy Daum Yale Law, Jeremy Daum Yale Law School's Paul Tsai China Locations: Beijing, China, Reuters BEIJING, Washington
Tackling the tax gap: IRS cracks down on wealthy
  + stars: | 2024-02-22 | 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 EmailTackling the tax gap: IRS cracks down on wealthyNatasha Sarin, Yale Law School and Yale School of Management professor and former Treasury Department official, and Alex Brill, American Enterprise Institute senior fellow and former House Ways and Means Committee policy director and chief economist, join 'Squawk Box' to discuss the IRS' plans for 'dozens of new audits' of corporate jet usage as part of its increased scrutiny of large corporations, complex partnerships and top earners, the best ways to tackle the tax gap, and more.
Persons: Natasha, Alex Brill Organizations: Yale Law School, Yale School of Management, Treasury Department, American Enterprise Institute senior
Publicly traded companies that misleadingly or untruthfully promote their use of artificial intelligence risk engaging in “AI-washing” that can harm investors and run afoul of US securities law, said SEC Chair Gary Gensler in a speech on Tuesday. They also shouldn’t lie about whether they use an AI model or how they use AI in specific applications, Gensler added. One would be the intentional use of AI to facilitate securities fraud, Gensler said Tuesday. The SEC could target those who deploy AI in ways that create reckless or knowing disregard for the risks to investors, Gensler said. He said the SEC could also investigate those who place fake orders in violation of securities law, or investment advisers who place their own interests ahead of their clients’.
Persons: Gary Gensler, “ We’ve, ” Gensler, Gensler, Alvaro Bedoya Organizations: Washington CNN, Securities and Exchange Commission, Publicly, SEC, Yale Law School, Federal Trade Commission
WASHINGTON (AP) — The Biden administration on Wednesday plans to name a top White House aide as the director of the newly established safety institute for artificial intelligence, according to an administration official who insisted on anonymity to discuss the position. Elizabeth Kelly will lead the AI Safety Institute at the National Institute for Standards and Technology, which is part of the Commerce Department. Currently an economic policy adviser for President Joe Biden, Kelly played an integral role in drafting the executive order signed at the end of October that established the institute, the administration official said. The administration considers the safety tests as necessary to unlock the benefits of the rapidly moving technology, creating a level of trust that will allow for wider adoption of AI. But so far, those tests lack the universal set of standards that the institute plans to finalize this summer.
Persons: , Biden, Elizabeth Kelly, Joe Biden, Kelly, Lael Brainard, Kelly “, it's, Obama Organizations: WASHINGTON, White, AI, National Institute for Standards, Technology, Commerce Department, The Associated Press, National Economic Council, Yale Law School, Obama White
Public companies must abide by strict rules when granting stock options to their top executives, including pricing them where the company’s shares are trading on the day they are granted and disclosing them swiftly. Private companies planning to go public face some of the same requirements, but have more leeway in pricing their stock options — since there is no publicly traded price — and more time to disclose them. That discrepancy has prompted dozens of private companies to give their top managers low-priced options in the weeks leading up to their initial public offering — when they can often accurately predict where their shares are likely to trade, but before public company regulations about options pricing kick in, according to a new research paper by Sven Riethmueller, a professor at Yale Law School. “They just slide in these equity grants at the last minute,” said Mr. Riethmueller, referring to the options. He called the practice “11th-hour options discounting.”
Persons: Sven Riethmueller, Organizations: Yale Law School,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNotable that there's been a 'frenzy' of interactions between U.S. and China in January: AnalystSusan Thornton, senior fellow at Yale Law School's Paul Tsai China Center, discusses the meeting of U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi, and the urgency of stabilizing ties ahead of a busy election year.
Persons: there's, Susan Thornton, Yale Law School's Paul Tsai, Jake Sullivan, Wang Yi Organizations: Yale Law, Yale Law School's Paul Tsai China Center, U.S . National, Foreign Locations: China
And so I’m going to ask you, to follow me in taking our America First movement to the next level,” Ramaswamy said. In a rapid-fire presentation on a range of issues, Ramaswamy wowed many GOP audiences by seamlessly mixing his biography and detailed policy positions with conservative talking points. He questioned the government’s account of the Sept. 11, 2001, attacks and called for firing 75% of the federal workforce. Yet alongside the bravado, Ramaswamy often ignored contradictory details, and his confidence sometimes brought him trouble. Ramaswamy insisted he had a nobler purpose: “I’ll keep us out of World War III and then revive national pride in this country.”
Persons: Ramaswamy, Ron DeSantis, Nikki Haley, ” Ramaswamy, Ramaswamy needled, Trump, , Ramaswamy wowed, “ Dick Cheney, , Sean Hannity Organizations: Florida Gov, Trump, Republican, Harvard University, Yale Law School, America, GOP, U.S, Capitol, Fox News Locations: Iowa, Florida, Israel, Ukraine, , American
Short selling is a way to bet against the value of a security. “Our findings suggest that traders informed about the coming attacks profited from these tragic events,” the authors wrote. The research found that on October 2, just five days before the Hamas attack, “nearly 100% of the off-exchange trading volume in the MSCI Israel ETF … consisted of short selling.”“Days before the attack, traders appeared to anticipate the events to come,” the professors wrote. In the days before the attack, bets against Israeli securities traded on the Tel Aviv Stock Exchange “increased dramatically,” the paper said. “Taken together, our evidence is consistent with informed traders anticipating and profiting from the Hamas attack,” the authors wrote.
Persons: hasn’t, Jonathan Macey, , Robert Jackson Jr, Joshua Mitts, , Mitts, it’s “, ” Mitts, Jackson, Bill Bagley, Charles Whitehead, Whitehead, Organizations: New, New York CNN, Columbia University, New York University, Israel, Fund, Yale Law School, CNN, “ Regulators, SEC, NYU, , US Securities and Exchange Commission, Israeli Securities Authority, Reuters, Financial Industry Regulatory Authority, Tel Aviv Stock Exchange, Bank, Cornell Law School Locations: New York, Israel, Gaza, Columbia, Bank Leumi
Justice O’Connor set the tone in her chambers by hiring a large number of female clerks, setting herself apart from the other justices. And while she was demanding — accepting no excuses for mistakes, a lesson she drew from growing up on a ranch in the West — she also took an interest in her clerks and their personal lives. “She would give them career advice, she would give them jobs,” said the historian Evan Thomas, who interviewed 94 former O’Connor clerks for his biography of the justice, “First.”“She told them to get out and get exercise, always take care of your family, give good dinner parties, never be too busy to take care of people,” he said. “You had to have a life.”For the women who clerked under Justice O’Connor, there was a keen awareness of both the barriers she had broken and her desire to be viewed outside of that history. Some recounted her wish to have her headstone reflect only that she had been a good judge, her relief when Justice Ruth Bader Ginsburg became a second woman to sit on the court and her insistence that her gender did not shape her decisions.
Persons: O’Connor, , Evan Thomas, , Justice O’Connor, Ruth Bader Ginsburg, Cristina Rodríguez Organizations: Yale Law School
"Fortunately for us, she set her sights a little higher – becoming the first woman to serve as a U.S. Supreme Court justice. U.S. SUPREME COURT CHIEF JUSTICE JOHN ROBERTS"A daughter of the American Southwest, Sandra Day O'Connor blazed an historic trail as our Nation's first female Justice. SENATOR SUSAN COLLINS“The passing of Justice Sandra Day O’Connor reminds all of us of what an extraordinary woman and justice she was. JUSTIN DRIVER, PROFESSOR AT YALE LAW SCHOOL AND FORMER LAW CLERK TO O'CONNOR"Today, we lost a towering, trailblazing jurist who dramatically improved our nation. SENATOR CHUCK GRASSLEY, FORMER CHAIRMAN AND CURRENT MEMBER OF THE SENATE JUDICIARY COMMITTEE“Justice O’Connor was the first Supreme Court nominee I had the honor of voting for as a senator.
Persons: Sandra Day O'Connor, BARACK OBAMA, Sandra Day, Michelle, JOHN ROBERTS, SUSAN COLLINS “, Sandra Day O’Connor, ” CRISTINA RODRIGUEZ, O'CONNOR, NANCY PELOSI, O’Connor, EUGENE VOLOKH, JUSTIN, Justice O’Connor, CHUCK GRASSLEY, LARRY KRAMER, iCivics, John Kruzel, Andrew Chung, Scott Malone, Alistaiir Bell, Richard Chang Organizations: U.S, Supreme, Stanford Law School, SUPREME, REPUBLICAN U.S, AT YALE, SCHOOL, LAW, UCLA, OF, trailblazer, CIVICS, Thomson Locations: U.S, Arizona, Texas, American, New York
Israel-Hamas war: Answering readers’ questions
  + stars: | 2023-11-28 | by ( Jenna Zucker | ) www.reuters.com   time to read: +8 min
Reuters editors took some of those readers' questions about the war received on Reddit and had two of our reporters answer. loadingHOW TO SPOT MISINFORMATION AND PROPAGANDAWhat level of misinformation is being released on both sides? * False or miscaptioned footage of reactions to the war in other countries, like this example or this one. loadingChristina Anagnostopoulos, U.S. Fact-Checking EditorThis is a war between two sides, both very skilled at presenting their own version. So it's an information war as well as a ‘real’ one.
Persons: Christina Anagnostopoulos, , Stephen Farrell, , haven't, that's Organizations: Yale Law, Reuters, Jerusalem Bureau, FAIR, Thomson Locations: Israel, U.S, Balfour, Rafah, Gaza, Galilee, Jerusalem, Iraq
Make America Build Again
  + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +37 min
America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.
Persons: Anne, Marie Griger's, Griger, , They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas
CNN —Justice Samuel Alito is the tip of the spear for conservatives challenging the Biden administration during oral arguments at the Supreme Court. Solicitor General Elizabeth Prelogar is the Biden administration’s top lawyer at the court, defending the policies that are the source of much of Alito’s consternation. “I think our best example historically is the Customs Service,” Prelogar responded. The Biden administration was backing admissions practices that considered students’ race as a factor in admissions to achieve campus diversity. “No, Justice Alito,” Prelogar said.
Persons: Samuel Alito, Biden, He’s, Elizabeth Prelogar, Alito, Prelogar, Ronald Reagan, George H.W, Bush, George W, Sandra Day O’Connor, ” Prelogar, Ruth Bader Ginsburg, Elena Kagan, Robert Mueller, Joe Biden, , ” Alito, , , John Roberts, Roberts, I’m, It’s, ” Alito interjected, ’ Jeffrey Wall, Trump, , Wall, We’re, Justice Alito, Juliet, Friar Laurence, Brett Kavanaugh, Ketanji Brown Jackson, Friar, Taylor Swift, Friar Lawrence, “ I’m Organizations: CNN, Supreme, Princeton, Yale Law School, Department of Justice, Emory University, Harvard Law School, Miss, ahs, Senate, Republicans, Democrats, Consumer Financial, Federal Reserve System, Customs Service, Biden, FDA, OSHA, Occupational Safety, Health Administration, Harvard, University of North, America, United States, Fair, Shakespeare Theatre Company, Verona Locations: Trenton , New Jersey, New Jersey, Boise , Idaho, Miss Idaho, University of North Carolina, America, , Verona, Washington
Microsoft recently revealed that the IRS said it owes nearly $29 billion in back taxes. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe IRS says Microsoft owes nearly $29 billion in back taxes — and it might signal a greater spotlight on how much tech titans are paying in taxes. Since 2004, we have paid over $67 billion in taxes to the U.S."AdvertisementAdvertisementWhat it means for other tech giantsMicrosoft isn't alone . In the US, around $165 billion in profits were shifted, and the US saw a 16% loss in corporate tax revenue.
Persons: , Daniel Goff, Natasha, Janet Yellen, Ludvig Wier, Gabriel Zucman, It's, it's Organizations: Microsoft, Service, IRS, titans, Yale Law School, Treasury Department, Danish Ministry of Finance, UC Berkeley Locations: Puerto Rico, U.S
China News Service | China News Service | Getty ImagesBEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. But foreign businesses have found it difficult to comply — if not operate — due to vague wording on terms such as "important data." The country's top executive body, the State Council, in August revealed a 24-point plan for supporting foreign business operations in the country. The text included a call to reduce the frequency of random inspections for companies with low credit risk, and promoting data flows with "green channels" for certain foreign businesses. When U.S. Commerce Secretary Gina Raimondo visited China in August, she called for more action to improve predictability for U.S. businesses in China.
Persons: Reva Goujon, Goujon, Gabriel Wildau, Gina Raimondo, Martin Chorzempa, Samm Sacks, Yale Law School Paul, Chorzempa, Sacks, Beijing's Organizations: China News Service, Getty, Cyberspace Administration of China, Government, European Union Chamber of Commerce, CNBC, EU, State, China Corporate, CAC, State Council, Commerce, Peterson Institute for International Economics, Yale Law School, Yale Law School Paul Tsai China Center and New, Baidu Locations: Chongqing, BEIJING, China, Beijing, Covid, U.S, Yale Law School Paul Tsai China Center and New America
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