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☆ Drones have turned the tables in recent African wars
▼ + stars: | 2024-03-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Drones recently supplied to Sudan by Iran are already making an impact in that country's brutal civil war. Similar types of drones played decisive roles in turning the tables in two previous African civil wars in recent years and could do so again. "It should come as no surprise that these drones are being used in wars around the world," Rogers told BI. In this context, drones are useful to achieve specific objectives, but they will not win the war alone," Rogers said. RANE's Dodd also credited Ethiopia's drone procurements for decisively "turning the tide" of the Tigray War.

Persons: —, Remi Dodd, RANE, it's, Dodd, James Patton Rogers, Rogers, Turkey's TB2, Loong, Debretsion Gebremichael, RANE's Dodd Organizations: Service, Business, Sudanese Armed Forces, Rapid Support Forces, United, Ethiopian, Tigray, Libyan National Army, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Anadolu, Getty, Democratic Locations: Sudan, Iran, Iranian, Turkey, United Arab Emirates, Ethiopia, Libya, Tripoli, Omdurman, Tehran, Red, Yemen, Ukraine, Tigray War, Tigray, Addis Ababa, Ukrainian, New York, Donetsk, Nigeria, DRC, Democratic Republic of Congo, Burkina Faso

☆ TikTok is circling the wagons ahead of a potential ban
▼ + stars: | 2024-03-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. The company plans to exhaust all legal avenues before considering being split from Chinese company ByteDance, Bloomberg reported, citing people familiar with the matter. AdvertisementIf TikTok loses its legal battle, ByteDance, its parent company, must divest the social media platform. This could also prove challenging, as the Chinese government has said it opposes a forced sale of TikTok. TikTok did not immediately respond to a request for comment from Business Insider.

Persons: —, Joe Biden, Shou Chew, Sarah Kreps, Shu Jueting, TikTok Organizations: Service, Senate, Business, Punchbowl News, Bloomberg, Wall Street, Tech, Institute, New York's Cornell University, CNN Locations: United States

☆ The proposed TikTok ban has been deemed unconstitutional by some, but framing around national security could help advance it
▼ + stars: | 2024-03-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

Read previewThe widely-popular social media app TikTok is once again facing a possible ban in the United States over concerns about its links to China. "It is targeted to address the national security threat that we believe these apps, like TikTok, pose to the United States because of its ownership by a foreign adversary." "The First Amendment protects Americans' right to access social media platforms of their choosing," Krishnan said. Former President Donald Trump in Tulsa, Okla. AP Photo/Sue OgrockiTrump once supported a TikTok ban, but is now against itMeanwhile, Trump — whose administration tried to ban TikTok in the US — but was blocked from doing so in court after TikTok sued — has now come out against a ban for the app. "If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump argued on his social media platform, Truth Social, in a dig at Meta CEO and Facebook founder Mark Zuckerberg.

Persons: —, Donald Trump, Sarah Kreps, TikTok's, weaponize, Steve Scalise, Cathy McMorris Rodgers, McMorris Rodgers, Kreps, ByteDance, Krishnan, TikTok, Sue Ogrocki Trump, Trump, Zuckerschmuck, Mark Zuckerberg, Jenna Leventoff, Leventoff Organizations: Service, Business, Tech, Institute, New York's Cornell University, Foreign, ByteDance Ltd, Republican, GOP, House Energy, Commerce Committee, Fox Business, Columbia University, Columbia Law School, Chinese Communist Party, AP, Facebook, Meta, Commerce, American Civil Liberties Union, Center for Democracy and Technology Locations: United States, China, TikTok's Beijing, New York, Tulsa, Okla, TikTok

BEIJING (AP) — China’s national congress is wrapping up its annual session Monday with the usual show of near-unanimous support for plans designed to carry out ruling Communist Party leader Xi Jinping's vision for the nation. This year's weeklong event, replete with meetings carefully scripted to allow no surprises, has highlighted how China’s politics have become ever more calibrated to elevate Xi. A key item due to be put for a ritual vote on Monday are revisions of the “Organic Law of the State Council,” China's version of a cabinet, that direct it to follow Xi's vision. The Organic Law of the State Council is being revised for the first time since it was adopted in 1982. The revision calls for the State Council, above all, to “uphold the leadership of the Communist Party of China."

Persons: Xi, —, Li Qiang, ” Neil Thomas, ” Thomas, Wang Yi, Qin Gang, Mao Zedong, ” Organizations: BEIJING, —, Communist Party, State Council, Asia Society Policy Institute, Communist Party of China Locations: China, China's, U.S

☆ We Tried to Create a Diverse College Class Without Affirmative Action
▼ + stars: | 2024-03-09 | by ( Aatish Bhatia | Emily Badger | ) www.nytimes.com time to read: +22 min

If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. To create a more diverse class, colleges could … But admissions preferences based on race are no longer legal. We Tried to Create a Diverse College Class Without Affirmative Action Now you can try it, too. In our affirmative action model, just 6 percent of admitted students come from the bottom quartile of the income distribution.

Persons: …, Sean Reardon, Demetra, NaN %, NaN, It’s, “, ”, Richard Kahlenberg, we’re, didn’t, “ We’re, Zack Mabel, we’ve, —, it’s, Richard Sander, Jill Orcutt, Johns Hopkins, they’ll Organizations: Stanford, Penn, Here’s, Colleges, Progressive Policy Institute, White Asian, American Association of Collegiate, University of California Locations: America, Here’s, Alaska, Georgetown, U.C . Merced

☆ Unemployment fell for Black women in February as more joined the labor force
▼ + stars: | 2024-03-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Joe Raedle | Getty Images News | Getty ImagesUnemployment among Black women fell in February as the number of those looking for work increased, data released Friday by the U.S. government showed. Adult women age 20 and older in the labor force followed that trend, with the unemployment rate ticking up to 3.5% from 3.2%. The percentage of unemployed Black women, however, fell to 4.4% from 4.8%. She pointed to the decrease in the unemployment rate, while the employment/population ratio edged higher to 60.6% from 59.9%. "We saw increases in health care and government services, which are sectors where we see a significant number of Black women being employed," she said.

Persons: Joe Raedle, Valerie Wilson, Wilson Organizations: Getty, U.S, U.S . Bureau of Labor Statistics, CNBC Locations: Miami, U.S

The situation was so dire last year at one Walgreens store in San Francisco, employees resorted to padlocking frozen foods. The effort to undo some aspects of Prop 47 comes amid a broader check on some other liberal crime enforcement policies in America. Police data shows that larceny theft, which includes retail theft and car break-ins, is down 37% from this time last year. On Tuesday, San Francisco voters approved two ballot measures spearheaded by Breed. Last September, the state announced it would be sending $267 million to law enforcement agencies throughout the state to tackle organized retail theft.

Persons: Gavin Newsom, It’s, ”, Jason Henry, “, Marlene Harden’s, Harden, Chloe, …, ” Harden, Marlene Harden's, Thanh Tran, Tran, Ella Baker, CNN Lenore Anderson, ” Anderson, Richard Bailey of Coronado, Breed, Tayfun, –, Miracle, don’t, We’re, Newsom, He’s Organizations: San Francisco CNN —, Republican, Democratic, Democratic Gov, CNN, Public, Institute of California, state’s Department of Justice, Walgreens, Walmart, ” Walmart, Westfield San Francisco Centre, New York Times, “ Walgreens, ”, National Retail Federation, Target, Ella Baker Center for Human, Attorneys, San Francisco Mayor London, San Francisco Mayor London Breed, Anadolu Agency, San Francisco Chronicle, Police, “, San Francisco, Breed Locations: San, California, San Francisco, America, Oregon’s, San Diego County, Francisco, Texas, South Carolina

When busloads of migrants from Venezuela and Latin America started turning up on New York City streets in 2022, it spurred a crisis that has overwhelmed city shelters and incited protests over immigration policies. Thousands of Chinese migrants have also made their way to New York, with many following on the heels of migrants from Central and South America and crossing at the United States-Mexico border. Once they reach the city, however, many are tapping into long-established family and social networks in Chinese enclaves to get on their feet quickly and, for the most part, on their own. It is not known exactly how many Chinese migrants have landed in New York. But immigration court filings since October 2022 show that New York State was their top destination — with more than 21,000 filings for Chinese migrants — followed by California, according to an analysis by Julia Gelatt, an associate director at the Migration Policy Institute.

Persons: Eric Adams, Julia Gelatt Organizations: Latin America, New, New York State, Migration Policy Institute Locations: Venezuela, Latin, New York City, New York, Central, South America, United States, Mexico, California

☆ Trump-allied election groups burned through millions with no evidence of widespread fraud
▼ + stars: | 2024-03-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Jonathan Ernst | ReutersThe mission of the Election Integrity Alliance, likewise, was ending election fraud. "The Election Integrity Alliance will unite groups and efforts across the nation focused on combating election fraud," the group's now-defunct website trumpeted in 2021. But Trump never publicly designated the Election Integrity Alliance as the standard bearer for the MAGA universe's election integrity efforts. AFPI also launched an election integrity effort, the Center for Election Integrity, and staffed it with former Trump White House press aide Hogan Gidley and conservative author Ken Blackwell. It even launched its own color-coded election integrity scorecard map, which looks strikingly similar to the one that the Election Integrity Alliance had created for its now-deleted website.

Persons: Donald Trump, Shannon Stapleton, Joe Biden, Trump's, Brad Parscale, Parscale, Trump, Jonathan Ernst, Katrina Pierson, Pierson, Drew Angerer, Tim Dunn, Dunn, Jim Renacci, PCG, Jenna Ellis, Ken Paxton, Bernard Kerik, MAGA, Linda McMahon, Larry Kudlow, Brooke Rollins, AFPI, Hogan Gidley, Ken Blackwell, Cleta Mitchell Organizations: Winthrop Coliseum, South Carolina Republican, Reuters, Trump, Republican Party, CNBC, PAC, U.S, Alliance, Jefferson Rising Fund, Republican, Tower, Getty, hasn't, Partners, American, New York Police, Mar, Policy, Small Business, White, West Wing, Center, Trump White House, Heritage Foundation Locations: Rock Hill , South Carolina, U.S, United States, Manchester , New Hampshire, Texas, New York City, American, Ohio, Israel, New York, Trump, Florida, America, Palm Beach

North Carolina voters Tuesday set up a historic – and likely combative and extremely expensive – race for governor, nominating Democrat Josh Stein and Republican Mark Robinson for what is shaping up as the most closely watched gubernatorial race of the year. With 8% of ballots counted, Stein had won 72% of the Democratic primary vote, while Robinson captured 63% of the Republican primary vote. North Carolina is a nominally red state that is nonetheless politically competitive. Robinson has called public school teachers "wicked people" and has referred to survivors of school shootings as "prosti-tots." Robinson, Cooper says, is very much like Trump, who recently called Robinson "Martin Luther King on steroids."

Persons: Josh Stein, Republican Mark Robinson, General Stein, Robinson, Stein, Joe Biden, Donald Trump, Trump, Biden, Ashley Judd, Judd, Oscar, It's, Christopher Cooper, Cooper, Martin Luther King Organizations: North, North Carolina voters, Republican, Associated Press, Democratic, GOP, Trump, CIA, Facebook, Haire Institute for Public, Institute, Western Carolina University Locations: North Carolina, Carolina, Georgia, China

☆ Credit card late fees capped at $8 as part of Biden administration crackdown on junk fees
▼ + stars: | 2024-03-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden administration to eliminate junk fees. The new rule applies to large credit card issuers – those with more than 1 million accounts. These companies represent more than 95% of total outstanding credit card debt, according to the CFPB. It also comes as Americans continue to pile on credit card debt, which recently exceeded a record $1.1 trillion. Some borrowers, especially Millennials and those with lower incomes, have been falling behind on their credit card debt following more than two years of high inflation.

Persons: Biden, ”, Rohit Chopra, “, Greg Baer, Joe Biden, “ It’s, Chuck Bell Organizations: CNN, Consumer Financial, White, Bank Policy Institute, Council, Consumer

☆ ‘Two sessions’: China’s key political gathering gets underway as leaders try to repair broken economic confidence
▼ + stars: | 2024-03-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Xi is under the spotlight as economic pain has sparked growing frustration within China. Xi has also overseen a political shakeup in his own ranks, further marring the start of the new term. Those challenges may not pose a threat to Xi, who is China’s most powerful and authoritative leader in decades. But the two sessions provide an important platform for China’s notoriously opaque government to broadcast its strategy for economic, social and foreign policies and announce key indicators including China’s economic growth target, its budget deficit limit and military spending for the coming year. Analysts widely expect Li to reveal a relatively ambitious growth target of “around 5%,” showing that policymakers are still focused on economic growth, even as challenges pile up.

Persons: —, Xi Jinping, Xi, ”, Chen Gang, Li Qiang, It’s, Xuezhi Guo, Guo, Wang Yi, Qin Gang, Li Shangfu, Li, Qin, Pedro Pardo, Neil Thomas, Premier Li, Asia Society’s Thomas, “ Organizations: Beijing CNN —, Communist, National University of Singapore’s East Asian Institute, Getty, of, National People’s, Guilford College, Observers, Washington, Asia Society, Center for Locations: China, Beijing, Chongqing, AFP, Taiwan, China's, Henan, Center for China, Asia

☆ How the fortune of one of America’s biggest pharmaceutical families has quietly funded conservative causes
▼ + stars: | 2024-03-03 | by ( Casey Tolan | ) edition.cnn.com time to read: +21 min

From The Searle Freedom TrustThis year, the Searle trust is poised to play an even bigger role as it empties out its coffers. Researchers who study political nonprofits say that the Searle trust has had a major impact, even as the Searle family has stayed under the radar compared to more well-known conservative benefactors. The Searle trust is one of the most prolific funders of conservative groups among all private foundations, according to a CNN analysis of nonprofit tax data. The Searle trust has given millions to the Foundation for Government Accountability, which has worked behind the scenes to push conservative policies such as stricter voting laws. Dennis, the CEO of the Searle trust, is also the chair of DonorsTrust.

Persons: Searle, Daniel C, Trump, Donald Trump, ”, Galen Hall, who’s, Kimberly Dennis, ” Searle, “, Sarah Scaife, doesn’t, Michael B, Thomas, SPN, They’ve, ” Brendan Fischer, Brendan Fischer, “ They’ve, ” Hall, Caleb Rossiter, ” Galen Hall, movement’s MAGA, It’s, Mike Pence, that’s, Dennis, Henry Ford, John D, Rockefeller, ” Fischer, Gideon, Michael Searle, ” Dennis, “ We’re, Dan, Gideon Daniel Searle, Daniel Searle, Jonathan Eig, Jack Searle, Daniel Searle’s, Gregory Pincus, John Rock, Pincus, weren’t, –, Sue, Eig, Margaret Marsh, Enovid, misoprostol, Searle –, Pfizer –, ” Daniel Searle, Donald Rumsfeld, Searles, Biden, Wade, Dobbs, Kristen Batstone Organizations: CNN, Searle Freedom Trust, University of Michigan, Sarah Scaife Foundation, Searle, American Enterprise Institute, Reason Foundation, Tax Foundation, Manhattan Institute, Cato Institute, Foundation, Government, State Policy Network, American Legislative Exchange Council, Fair, Pacific Legal Foundation, Federalist Society, Competitive Enterprise Institute, Environment Research Center, CO2 Coalition, Heartland Institute, ”, CO2, Heartland, Republican Party, movement’s, America, Policy Institute, Trump, American Freedom Foundation, Everett, FDA, Rutgers University, Pfizer, Monsanto, Heritage Foundation, Reason, Affordable, New Civil Liberties Alliance, Public Policy Center, Claremont, National Women’s Health Network, Trust, IRS Locations: Missouri, St, Louis , Missouri, California, judgeships, ”, Omaha, Metamucil, Dramamine, Puerto, Brazil, Diet Coke, America

☆ Immigration is 'taking pressure off' the job market and U.S. economy, expert says
▼ + stars: | 2024-03-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.

Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles

☆ 29-year-old was laid off from her hotel job in 2020—now she makes $125,000 working in tech, without a bachelor’s degree
▼ + stars: | 2024-02-29 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Ayana Dunlap has been working in tech since 2020. Even though she doesn't have the job she wanted as a kid, Dunlap found a different vocation she loves: technology. Dunlap didn't consider turning her knack for computers into her career until she was laid off from her sales job in June 2020. While working there, Dunlap was tasked with helping organizations prepare to return to the office, by setting up their desktops, routers and printers on-site. Some of the skills that helped Dunlap transition into tech without a bachelor's degree included oft skills she learned while working in hotels, namely, communication and customer service.

Persons: Ayana Dunlap, Dunlap, lockdowns, doesn't, she's, Weeks, Dyanne Organizations: Bank Policy Institute, CNBC, Montgomery County Community College, Washington , D.C, Widewaters Hotel, Magna Hospitality Group, Google Locations: Washington, AskMakeIt@cnbc.com, Cheltenham , Pennsylvania, Montgomery, Blue Bell , Pennsylvania, Washington ,, D.C, Scholas, New York, Gaithersburg , Maryland, Dunlap

Go beyond financial literacy"Gone are the days that we can hide behind the illusion that more financial literacy is enough," says Rahkim Sabree, AFC, financial therapist and counselor. Currently, 25 states require financial literacy education for students; however, rarely, if ever, does financial literacy address larger systemic issues that exist. Black students owe an average of 188% more than what white students borrowed by the fourth year after graduation. One 2016 study found that if current trends continue, closing the wealth gap would take more than 200 years. AdvertisementYounger Black Americans have now become the fastest-growing demographic of new investors in the stock market.

Persons: —, Martin Luther King, Jr, Moritz Kuhn, Moritz Schularick, Ulrike I, Rahkim Sabree, We've, Kristin Afelumo, Lazetta Rainey Braxton, Braxton Organizations: Service, Business, Federal Reserve Bank of Minneapolis, Black, National Bureau of Economic Research, Economic Policy Institute, AFC, Bureau of Labor Statistics, Netflix, Lazetta, Associates Locations: America, Evanston , Illinois, Black

☆ The immigration crisis may bankrupt cities such as New York, Denver and Chicago as federal funds fall short of needs
▼ + stars: | 2024-02-24 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

The recent surge of migrants has put major cities across the U.S. under significant financial pressure. But experts say more federal assistance and funding are necessary to ensure that cities can survive the ongoing crisis. For instance, the $145 million allocated to New York City is less than 10% of what the city spent on migrant services in fiscal 2023, according to the Migration Policy Institute, a nonpartisan think tank. "These are complicated issues to manage, so the city, the state and the federal government, frankly, were not prepared for it." Watch the video above to see just how much financial pressure cities across the U.S. are facing due to the ongoing migrant crisis.

Persons: Biden, Simon Hankinson, Debu Gandhi, Muzaffar Chishti Organizations: The Heritage Foundation, The Center, American Progress, FEMA, Migration Policy Institute Locations: New York, Denver, Chicago, Washington ,, New York City, U.S

☆ Opinion | Does Biden Have to Cede the White Working Class to Trump?
▼ + stars: | 2024-02-21 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +1 min

A chorus of political analysts on the center left is once again arguing that the Democratic Party must reclaim a significant share of racially and culturally conservative white working-class voters if it is to regain majority status. “For Victory in 2024, Democrats Must Win Back the Working Class,” Will Marshall, the founder and president of the Progressive Policy Institute, wrote in October 2023. “Can Democrats Win Back the Working Class?” Jared Abbott and Fred DeVeaux of the Center for Working-Class Politics asked in June 2023; “Democrats Need Biden to Appeal to Working-Class Voters” is how David Byler, the former Washington Post data columnist put it that same month. First, is the Democratic attempt to recapture white working class voters a fool’s errand? Is this constituency irrevocably committed to the Republican Party — deaf to the appeal of a Democratic Party it sees as committed to racial and cultural liberalism?

Persons: John B, Judis, Ruy Teixeira, Will Marshall, Jared Abbott, Fred DeVeaux, Biden, David Byler Organizations: Democratic Party, Progressive Policy Institute, “, Center, Washington Post, Democratic, Republican Party

☆ Intuitive Machines’ Odysseus: Why moon-landing missions are hard to do
▼ + stars: | 2024-02-21 | by ( Kristin Fisher | Jackie Wattles | ) edition.cnn.com time to read: +12 min

The lunar lander called Odysseus or IM-1, created by Houston-based company Intuitive Machines, is barreling toward the moon. If it fails, Odysseus would become the third lunar lander to meet a fiery demise on the moon in less than a year. Russia’s first lunar lander mission in 47 years, Luna 25, failed in August 2023 when it crash-landed. Overall, more than half of all lunar landing attempts have ended in failure — tough odds for a feat humanity first pulled off nearly 60 years ago. The US remains the only country to have put humans on the lunar surface, most recently in 1972 with the Apollo 17 mission.

Persons: Odysseus, Luna, Ispace, Japan —, hasn’t, Scott Pace, George Washington, “, ” Pace, Artemis, ”, Greg Autry, “ There’s, India’s, Jitendra Singh, Satish, Satish Baby, ” Singh, Astrobotic, Steve Altemus, it’s, Glynn Lunney, ” Autry, “ Neil, Armstrong, “ We’ve, Joel Kearns Organizations: CNN, Technology, Policy Institute, ”, Arizona State University’s Thunderbird School of Global Management, State for Science, Indian Space Research Organisation, Space, Getty, Economic Times, NASA, Payload Services, Johnson Space Center, AP Locations: United States, Houston, Japan, Soviet, States, China, India, Sriharikota, Andhra Pradesh, AFP, New York, Los Angeles, what's

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Second Trump Presidency Would Axe Biden Climate Agenda, Gut Energy Regulators
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +7 min

Much of that work could go up in smoke if his likely rival Donald Trump beats him at the polls in November, according to Republican policy advisers. Reuters spoke with a dozen Republican policy consultants and former Trump administration officials who are helping lay the groundwork for a second Trump presidency to sketch out the administration's likely approach to energy and environmental issues. Trump formally withdrew the U.S. during his first term in office but Biden swiftly reversed the move in 2021. "A big lesson that everybody in the first Trump administration learned was that personnel is really important. The idea of taking a hatchet to the entire IRA could, however, give some oil industry officials and Republican politicians pause, a former Trump administration official said.

Persons: Valerie Volcovici, Gram Slattery WASHINGTON, Joe Biden, Donald Trump, Trump, Stephen Moore, Trump's, Larry Kudlow, David Bernhardt, Rick Perry, Kevin Hassett, Harold Hamm, Biden, George David Banks, Ivanka, Mike McKenna, Diana Furchtgott, Roth, Timothy Gardner, Richard Valdmanis, Deepa Babington Organizations: Republican, United Nations, Trump, Reuters, White, Heritage Foundation, Republicans, Economic, Energy, Biden, America, Policy Institute, Heritage Locations: United States, Paris, Biden's

☆ The racial wage gap starts as early as 16 for Black workers—and results in ‘a lifetime of consequences,’ says expert
▼ + stars: | 2024-02-15 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

The racial wage gap may be shrinking, but it's still got a ways to go. The median weekly earnings for full-time wage and salaried Black or African American 16-to-24-year-olds was $614. Though a smaller gap than the national one, that still works out to be about 82 cents to white workers' dollar. Children born in higher income and higher wealth families will have greater access to opportunities. Andre Perry Senior fellow at BrookingsThe resulting family wealth can hinder access to higher paying jobs as well.

Persons: it's, haven't, Andre Perry, Andre Perry Senior, Perry, Valerie Wilson Organizations: Nationwide, Department of Labor, Bureau of Labor Statistics, Brookings, Pew Research Center, BLS, Economic Policy Institute Locations: Brookings

Closing the wealth gap is more difficult because a significantly larger number of white households traditionally have money in stocks and mutual funds. A separate Fed survey shows that as of 2022, about 65.6% of white households had investments in stocks, compared with 28.3% for Hispanic households and 39.2% for Black households. More than 50% of Black financial wealth is invested in pensions, the New York Fed found. In contrast, less than 30% of white financial wealth is invested in pensions, with about 50% invested in businesses, equities, and mutual funds. In April of 2020, more than 40% of Black business owners reported they were not working, compared with only 17% of white business owners.

Persons: ”, Janelle Jones, Jones, Walley Adeyemo, Adeyemo, ___, Charles Schwab Organizations: New York Federal Reserve Bank, Black, Washington Center for Equitable, Federal Reserve, New York Fed, Bureau of Labor Statistics, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: U.S, America

Charles Schwab Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. How are required minimum distributions calculated? Everyone's financial circumstances are different, but there are some strategies that could reduce the tax implications of required minimum distributions. You can also calculate your required minimum distributions using the IRS' life expectancy chart. And if you've already been taking required minimum distributions, don't be surprised if they're larger this year.

Persons: RMDs, —, Charles Schwab, Schwab, Roth, Roth IRAs, it's, John, you'll, You'd, Kevin Martin, David John, There's, they've, Rita Assaf Organizations: Schwab, Trading, Organization, IRS, Social, Tax, H, AARP, Institute, Bank, Western Alliance Bank, Alliance Bank, FDIC, CNBC, Brookings, Fidelity Investments, CNBC Select's, Facebook, Twitter Locations: LendingClub, N.A

☆ Here's how much it costs to live in America's 10 most expensive cities
▼ + stars: | 2024-02-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Business Insider looked at the monthly costs for households with two adults and two children from the Economic Policy Institute's " Family Budget Calculator ." 1 — or the most expensive among the metros analyzed by EPI — based on its monthly total cost of around $15,000. With a monthly cost of over $3,000 for housing, based on the cost of a two-bedroom apartment, this was the largest monthly expense among the seven categories for this area. Childcare was the largest monthly expense among the seven categories for Nassau-Suffolk, New York, for instance. Below are the most expensive metros ranked based on the monthly total for two adults and two children according to EPI.

Persons: —, EPI, EPI —, San Francisco wasn't, Jerome Powell, Powell, Paige Connell Organizations: Service, Business, Affordable, Francisco, metros Locations: California, San, Stamford, Norwalk , Connecticut, Nassau, Suffolk , New York

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