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☆ Paris 2024 eyes sell-out crowds to beat London record - IPC
▼ + stars: | 2023-08-28 | by ( Karolos Grohmann | ) www.reuters.com time to read: +4 min

"The ambition is to sell each and every ticket, 2.8 million, and then this will make Paris the number one in terms of ticket sales. London 2012 was 2.7 million," Parsons told Reuters in an interview exactly one year before the Games begin. "We want these Games to sell out even before the opening ceremony. So what we want is that we sell every ticket before the start of the Games," he said. "There will also be a higher quality of athletes," Parsons said.

Persons: Andrew Parsons, Parsons, Roland Garros, Karolos Grohmann, Ed Osmond Organizations: International Paralympic, London, Reuters, Games, Eiffel, IPC, International Olympic, Paris, IOC, Thomson Locations: London, Paris, Tokyo, Beijing, Russian, Belarusian, Ukraine, Belarus, Russia, Bahrain

☆ After Wagner's Prigozhin, who will stick their head above the parapet in Putin's Russia?
▼ + stars: | 2023-08-26 | by ( Nathan Hodge | ) edition.cnn.com time to read: +6 min

The Kremlin has vehemently denied speculation that the Russian state might have been involved in the crash. It’s worth remembering that Prigozhin never had particularly high name recognition in Russia, at least certainly not before the full-scale invasion of Ukraine. That changed in late June after Wagner’s march on Moscow raised the unsettling possibility of civil war in Russia. Alexey Navalny, who succeeded Nemtsov as Russia’s most galvanizing opposition leader, is currently in a Russian prison colony, along with many others who have peacefully opposed Putin’s war on Ukraine. Killed the leaders.”No evidence has surfaced that points to the involvement of the Kremlin or Russian security services in the crash.

Persons: Yevgeny, Wagner, Vladimir Putin’s, Putin, “, ” Putin, Dmitry Peskov, Yevgeny Prigozhin, Joe Biden, I’d, Biden, Prigozhins —, Prigozhin, Prigozhin —, —, Igor Girkin, ultranationalist, Matthew Chance, bouquets —, Boris Nemtsov, Alexander Ermochenko, Alexey Navalny, Nemtsov, Navalny, ’ ” Organizations: CNN, Embraer, Kremlin, Reuters Locations: Moscow, Russian, Ukraine, Russia, Ukrainian, Bakhmut, St . Petersburg, Russia’s

A tally by state broadcaster ZBC showed ZANU-PF winning 101 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 59, out of a total of 210. The result of the presidential vote has not been announced yet. The ERC later posted on X, formerly known as Twitter, that 16 of its staff together with Zimbabwe Election Support Network members had been released on $200 bail each by a magistrate. Mnangagwa last week told state media that if he got a second term, it would be his last. As in previous elections, the parliamentary results appeared to show ZANU-PF retaining its rural base, while the CCC captured the urban vote.

Persons: Emmerson Mnangagwa's, Nelson Chamisa, Fabio Massimo Castaldo, Castaldo, Nevers Mumba, Patrick Chinamasa, Mnangagwa, Eldred Masunungure, Robert Mugabe, Nelson Banya, Bhargav Acharya, Nellie Peyton, Alexander Winning, Devika Syamnath, Andrew Heavens Organizations: Emmerson Mnangagwa's ZANU, ZBC, ZANU, Coalition, World Bank, International Monetary Fund, REUTERS, Philimon, Rights Police, Zimbabwe Election, Election, Centre, ERC, Zimbabwe Election Support, Southern African Development Community, National Assembly, University of Zimbabwe, PF, CCC, Thomson Locations: EU, HARARE, Harare, Zimbabwe, Philimon Bulawayo, SADC

Police sealed off roads around the election results centre on Friday morning, and members of the public were being stopped for questioning, a Reuters reporter in the capital Harare said. However, results announced so far by the Zimbabwe Electoral Commission showed ZANU-PF winning 38 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 32, out of a total of 210 single-member constituencies. The early results showed ZANU-PF retaining its rural base, while the CCC captured the urban vote, as has been the case in previous elections. In the highest-profile loss yet for the ruling party, the electoral commission said on Friday that Finance Minister Mthuli Ncube had lost his parliamentary contest to a CCC challenger. Mnangagwa took over from longtime strongman Robert Mugabe after a 2017 coup and won a disputed election in 2018.

Persons: Emmerson Mnangagwa's, Nelson Chamisa, Patrick Chinamasa, Mthuli Ncube, PF's Chinamasa, Mnangagwa, Robert Mugabe, Nelson Banya, Bhargav Acharya, Nellie Peyton, Alexander Winning Organizations: REUTERS, Philimon, Rights, Emmerson Mnangagwa's ZANU, World Bank, International Monetary Fund, Police, ZANU, National Assembly, Commission, Coalition, PF, CCC, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

But analysts warned it was unlikely the ruling ZANU-PF party would allow any loosening of its 43-year grip on power. Fewer than 10 of 210 parliamentary constituencies had results on Thursday, making it too early to identify any national trend. Results in the presidential race were not expected for another day or two but before a five-day deadline. "The equipment was being used to unlawfully tabulate election voting statistics and results from polling stations throughout the country," police spokesman Paul Nyathi said in a statement. The police named some of the organisations targeted as the Zimbabwe Election Support Network, Election Resource Centre and Team Pachedu - all well-known civil society groups that had said they were monitoring the vote in the interests of democracy.

Persons: Emmerson Mnangagwa, Robert Mugabe, Nelson Chamisa, Mnangagwa's, Paul Nyathi, Eldred Masungure, Estelle Shirbon, Angus MacSwan, Miral Organizations: Police, Citizens Coalition, ZANU, PF, Bank, International Monetary Fund, Zimbabwe Election Support, Centre, Pachedu, University of Zimbabwe, Thomson Locations: Zimbabwe, HARARE, Harare

☆ High food prices put populism on India’s table
▼ + stars: | 2023-08-22 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

Prices of tomatoes, onions, potatoes, pulses and spices – all the basic ingredients - are soaring as the world’s most populous country heads towards key state polls later this year and national ones soon after. It increases the temptation for Prime Minister Narendra Modi’s ruling Bharatiya Janata Party to indulge in some fiscal populism. Reuters Graphics Reuters GraphicsA surge in food prices drove annual retail inflation to 7.44% in July, the most in 15 months. Elections will be held this year in five of India’s 28 states, including heavyweight constituencies Madhya Pradesh and Rajasthan. India banned the export of non-basmati rice on July 20 to clamp down on rising domestic prices of the grain.

Persons: Narendra Modi’s, Modi, Nirmala Sitharaman, Una Galani, Thomas Shum Organizations: Reuters, Bharatiya Janata Party, Reuters Graphics Reuters, Madhya, Bloomberg, India’s, IDBI, India’s Ministry of Finance, Reserve Bank, Thomson Locations: MUMBAI, Nepal, Madhya Pradesh, Rajasthan, Karnataka, New Delhi, India

Pakistan's Foreign Minister Shah Mehmood Qureshi gestures as he speaks during an interview with Reuters at the Ministry of Foreign Affairs (MOFA) office in Islamabad, Pakistan June 25, 2020. REUTERS/Salahuddin/File photo Acquire Licensing RightsKARACHI, Pakistan, Aug 19 (Reuters) - Pakistani opposition leader Shah Mehmood Qureshi was detained on Saturday, his Pakistan Tehreek-e-Insaf party said, just hours after he said it would challenge any delay to the country's election in the courts. Party spokesman Zulfi Bukhari told Reuters the specific reason for the detention of Qureshi, twice Pakistan's foreign minister, was not immediately clear. The outgoing government approved a new census in its final days, meaning new electoral boundaries must be drawn up by the Election Commission. IMF BAILOUTThe election commission said on Thursday that new constituencies would be finalised by Dec. 14, state television reported.

Persons: Shah Mehmood Qureshi, Salahuddin, Zulfi Bukhari, Qureshi, Bukhari, Imran Khan, Khan, Haq Kakar, Ariba Shahid, Toby Chopra, Alison Williams Organizations: Pakistan's, Reuters, Ministry of Foreign Affairs, REUTERS, Rights, PTI, IMF, Supreme, Monetary Fund, Thomson Locations: Islamabad, Pakistan, Rights KARACHI, Karachi

☆ Opinion | It’s Not Your Father’s Democratic Party. But Whose Party Is It?
▼ + stars: | 2023-08-16 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

Another example: For a while it looked like the Republican Party could appeal to social conservatives but maintain the economic policy supported by business elites. The Republicans are making the argument that their cultural and economic values are consistent with working class Americans, and that their positions transcend racial categories. I asked Teixeira whether the changing Democratic Party has reached a point of no return on this front, and he emailed back:A good and big question. In the short run it looks very difficult for them to shed much of their cultural radicalism and generally make the party more attractive to normal working class voters. That is, if enough of the party becomes convinced their coalition is too narrow and therefore some compromises and different approaches are necessary.

Persons: White, Eitan Hersh, Sarang Shah, Hersh, “, they’d, ” Hersh, Ruy Teixeira, —, ” Teixeira, Teixeira, Michael Podhorzer, ” Organizations: United, Tufts, Berkeley, American, Democratic, Republican, Democratic Party, Republican Party, Democrats, Republicans, Trump, American Enterprise Institute, AFL Locations: U.S, United States, —, America, nonwhite

☆ Pakistan senator picked as caretaker PM to oversee elections
▼ + stars: | 2023-08-12 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

KARACHI, Pakistan, Aug 12 (Reuters) - Pakistani Prime Minister Shehbaz Sharif and opposition leader Raja Riaz agreed on Saturday to name Senator Anwaar-ul-Haq Kakar as caretaker premier to oversee elections, the Prime Minister's office said. "The prime minister (Sharif) and leader of opposition have jointly signed the advice which will be sent to the president for approval," the statement said. Under Pakistan's constitution, a neutral caretaker government oversees national elections, which must be held within 90 days of the dissolution of the parliament's lower house - which in this instance means early November. The choice of caretaker prime minister has assumed heightened importance this time because the candidate will have extra powers to make policy decisions on economic matters, and amid fears the elections may be delayed by as much as six months. Kakar has been serving a six-year term in Pakistan's Senate since 2018.

Persons: Shehbaz Sharif, Raja Riaz, Anwaar, Haq Kakar, Arif Alvi, Kakar, Gibran Peshimam, Raju Gopalakrishnan, Mark Potter Organizations: Pakistani, Geo News, Pakistan's Senate, Senate, Balochistan Awami Party, Thomson Locations: KARACHI, Pakistan, Balochistan, Pakistan's

[1/2] A man reads a newspaper, a day after Pakistan's parliament was dissolved by the president on Prime Minister Shehbaz Sharif's advice, at a makeshift stall in Karachi, Pakistan August 10, 2023. As it stands, former prime minister Imran Khan, the main opposition leader, cannot fight this election. There are three main contenders to lead the next government: Khan's PTI, the Pakistan Muslim League-Nawaz (PML-N) of Shehbaz Sharif and the Pakistan Peoples Party (PPP). Three-time premier Nawaz Sharif, the brother of the outgoing prime minister and whose PML-N was the senior partner in the outgoing coalition government, is seeking a return from exile. Bilawal Bhutto Zardari, 34, the young chairman of the PPP and son of former prime minister Benazir Bhutto, is another key candidate.

Persons: Shehbaz, Akhtar Soomro, Anwaar, Haq Kakar, IMRAN KHAN, Imran Khan, Khan, Nawaz Sharif, Bilawal Bhutto Zardari, Benazir Bhutto, Khan's jailing, Asif Shahzad, Gibran Peshimam, Raju Gopalakrishnan, Giles Elgood Organizations: REUTERS, BE, Monetary Fund, IMF, Balochistan Awami Party, WHO, PTI, Pakistan Muslim League, Nawaz, Pakistan Peoples Party, Constitutional, Thomson Locations: Karachi, Pakistan, Balochistan, Shehbaz Sharif

☆ Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth
▼ + stars: | 2023-08-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Apple has spent over $500 billion on stock buybacks since 2012, a Markets Insider analysis shows. Warren Buffett has welcomed Apple's buybacks as they've boosted his ownership at no cost to him. It splurged $90 billion on buybacks in its last financial year, and has repurchased $56 billion worth of its shares in the last nine months alone. His Berkshire Hathaway empire owns nearly 6% of Apple, and the position accounts for almost half of its roughly $350 billion stock portfolio. "Much of what the company retained was used to repurchase Apple shares, an act we applaud," Buffett wrote in his 2021 letter to shareholders.

Persons: Apple, Warren Buffett, Apple's buybacks, Charlie Bilello, Bilello, Apple's repurchases, Buffett, Tim Cook, Apple's Organizations: Service, Visa, JPMorgan, Exxon Mobil, Apple, Citigroup, Berkshire Hathaway Locations: Wall, Silicon, buybacks, Berkshire

☆ Harris to play a leading role in Biden's 2024 campaign
▼ + stars: | 2023-08-11 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

US Vice President Kamala Harris speaks about the impact of "Bidenomics," at Sycamore and Oak retail village in the Congress Heights neighborhood of Washington, DC, on August 4, 2023. Be prepared to see a lot more of Vice President Kamala Harris. The central role that Harris will play in President Joe Biden's reelection effort was laid out in a campaign memo Friday, that coincided with the three year anniversary of Biden's tapping Harris to be his running mate. The role could provide Harris with an opportunity to redefine herself after a mixed tenure as vice president. But it's not just Democrats who are eager to see Harris on the campaign trail.

Persons: Kamala Harris, Harris, Joe Biden's, ", Biden, Julie Chavez Rodriguez, Becca Siegel, Chavez Rodriguez, Sandy, it's Organizations: Biden, Democratic, Safety, Republicans, California Democrat Locations: Sycamore, Heights, Washington, Chicago, Sandy Hook, California

ISLAMABAD, Aug 10 (Reuters) - Pakistan's outgoing prime minister, Shehbaz Sharif, and the leader of the opposition will on Thursday meet to pick a caretaker leader to oversee a general election due by November, a government official said. Sharif and opposition leader Raja Riaz will meet in the afternoon, said the official in the prime minister's office, who declined to be identified pending the announcement of the meeting. Under the constitution, the two have three days to reach agreement on a caretaker. If they can't, the decision will go to a parliamentary committee, and if it can't, then the Election Commission of Pakistan will decide. The lower house of parliament was dissolved on Wednesday, three days before the end of its five-year term on Aug. 12.

Persons: Shehbaz Sharif, Sharif, Raja Riaz, Imran Khan, Asif Shahzad, Robert Birsel Organizations: Thomson Locations: ISLAMABAD, Pakistan

The parliament's five-year term is due to expire on Aug. 12, but this move would dissolve it three days earlier. "I will tonight advise the president to dissolve the parliament," the premier told parliament. He said he would start discussions with the opposition leader on Thursday to pick a name from candidate lists of both sides to nominate as caretaker prime minister. The vote, however, could be delayed several months with the election commission set to start redrawing hundreds of constituencies based on a fresh census. The last general election in July 2018 was won by the party of cricketer-turned-politician Imran Khan, who was sworn in days later as prime minister for the first time.

Persons: Shehbaz Sharif, Arif Alvi, Imran Khan, Khan, Sharif, Asif Shahzad, Gibran Peshimam, Andrew Heavens, Bernadette Baum Organizations: Pakistan, International Monetary Fund, Thomson Locations: ISLAMABAD, Pakistan, Islamabad, Karachi

☆ For Scotland, Independence Will Always Be an Option - The New York Times
▼ + stars: | 2023-08-07 | by ( Alex Massie | ) www.nytimes.com time to read: +2 min

The bloom is truly off the Scottish National Party, which has continued to dominate political life here in the almost decade since it lost the independence referendum. The party has held majorities in the devolved Parliament and in the Scottish seats at Westminster, and a volley of opinion polls, routinely reporting that Scots under the age of 49 favor independence, bolstered the sense that Scottish independence was a historical inevitability. Ms. Sturgeon insists that she is innocent of any wrongdoing. But even before the allegations, Ms. Sturgeon’s plans for independence had run out of steam. (Ms. Sturgeon’s lackluster successor, Humza Yousaf, has not revitalized the movement.)

Persons: Nicola Sturgeon, Sturgeon, Sturgeon’s, Humza Yousaf Organizations: Scottish National Party, Westminster, Scottish, Labour Party Locations: Scotland, United Kingdom

[1/2] U.S. President Joe Biden speaks during a meeting with Israeli President Isaac Herzog in the Oval Office at the White House in Washington, U.S., July 18, 2023. Despite Washington’s longtime status as Israel’s top ally and biggest weapons supplier, Biden appears to have few good options. The White House, in a terse statement, called the Knesset vote "unfortunate" and urged work toward a broad consensus. But U.S. officials have yet to set a date or concur with Israeli statements that they would meet at the White House in September. One White House official said Biden, having known Netanyahu for decades, can be especially blunt with him in private.

Persons: Joe Biden, Isaac Herzog, Evelyn Hockstein, Benjamin Netanyahu, Biden, Netanyahu, It's, Aaron David Miller, Mike Pence, Hugh Hewitt, Israel's, David Makovsky, Obama, Donald Trump, Herzog, Netanyahu’s, Tom Nides, Barack Obama, Miller, Matt Spetalnick, Steve Holland, Simon Lewis, Don Durfee, Grant McCool Organizations: White, REUTERS, WASHINGTON, Israeli, Court, Israel, Democratic, Republican, Biden's Democratic Party, Washington Institute, West Bank, White House, U.S, Carnegie Endowment, International Peace, Thomson Locations: Washington , U.S, U.S, Israel, derailing, Iran, Saudi Arabia, Washington

☆ Modi and India’s Diaspora: A Complex Love Affair Making Global Waves
▼ + stars: | 2023-07-18 | by ( Damien Cave | More About Damien Cave | ) www.nytimes.com time to read: +1 min

Backstage at the Kennedy Center, as business leaders in bespoke suits and fine silk saris filtered into a 1,200-seat theater, Mr. Modi met with a handful of entrepreneurs. Mr. Modi tapped Mr. Sachdev’s shoulder and exclaimed “waah,” or wow in Hindi. With an emphasis on national pride, Mr. Modi and his conservative Hindu-first Bharatiya Janata Party have cultivated a surprisingly strong relationship with India’s successful diaspora. The bond has been strengthened by a global political machine, supercharged under Mr. Modi with party offices in dozens of countries and thousands of volunteers. And it has allowed Mr. Modi to fuse his own image — and his rubric of elevating India — with superstar executives and powerful, often more liberal constituencies in the United States, Britain, Australia and many other nations.

Persons: Narendra Modi, Modi, ”, ” Umesh, “ waah, India’s Organizations: White, Kennedy, Bharatiya Janata Party, Mr Locations: Washington, Congress, India, America, California, United States, Britain, Australia

☆ Opinion | The Climate Protesters and the Museums
▼ + stars: | 2023-07-14 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “When Protesters Take Aim at Art” (Arts, July 12):Nobody wants art museums to become fortresses; they are a precious public good. As such, to remain relevant and credible, museums must engage with the concerns of their constituencies — as they generally seek to do. The climate crisis, however, has been slow to receive curatorial attention, even though it is a front and center concern in most U.S. communities. For example, a bipartisan supermajority of American adults, like museum protesters, want to see transformational government action on climate change, away from burning fossil fuels. Museums’ popularity and great public trust mean that they can move the needle significantly on climate engagement in our culture.

Organizations: Hirshhorn, Brooklyn Museum Locations: Washington, New York

☆ Turkey isn't getting much use out of its Russian-made missile-defense system, but that's not why Erdogan is keeping it around
▼ + stars: | 2023-07-09 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

The first parts of a Russian S-400 system are unloaded at an airport near Ankara in July 2019. Turkey's S-400 lacks that integration, as it hasn't been connected to NATO's radar network because alliance members fear that doing so could expose other systems to Russian observation. That made Russia's S-400 seem like not only a valid alternative but a preferable option to the US-made Patriot missile-defense system. (The US withdrew Patriot batteries from Turkey in late 2015, adding to Turkish concerns and desire for another air-defense system.) After the initial signing, the deal went into limbo over reported political disagreements and Turkey never received the system.

Persons: hasn't, Turkey's, Recep Tayyip Erdogan's, Lisel, David E, Banks, Erdogan, UMIT TURHAN COSKUN, Washington, Jens Stoltenberg, Orhan Cicek, MURAT CETINMUHURDAR Organizations: Service, Ankara, Turkish, NATO, Turkish Defence Ministry, Johns Hopkins University, King's College, Getty, ISIS, Kurdish PKK, Patriot, US, NATO NATO, Anadolu Agency Locations: Russian, Turkey, Ankara, Wall, Silicon, Russia, Turkish, King's College London, Hintz, Istanbul, AFP, Erdogan's, Washington, Kurdish, East, Eurasia, Banks, TURKISH, Moscow, France, Italy, Franco, Italian

☆ Opinion: Biden has a Kennedy problem
▼ + stars: | 2023-07-07 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden might have a Kennedy problem. There are many reasons Kennedy might cause trouble for Biden. At the end of last year, Biden switched the Democratic primary schedule to put South Carolina first. As a result, Biden might not even appear on the New Hampshire ballot, effectively ceding the state to Kennedy and author and speaker Marianne Williamson. Many of Biden’s 2020 supporters are frustrated with the president, and any attacks Kennedy will unleash could damage Biden and provide a foundation for Republicans to go after him in the campaign.

Persons: Julian Zelizer, Joe Biden, Kennedy, Robert Kennedy Jr, Joe Rogan’s, Biden, Marianne Williamson, Lyndon B, Johnson, Sen, Eugene McCarthy of Minnesota, Ronald Reagan, —, Gerald Ford, McCarthy, Estes, Harry Truman, Kefauver, Truman, Ted Kennedy of, Jimmy Carter, Ted Kennedy, Carter, Reagan, Patrick Buchanan, George H.W, Buchanan, “ King George ”, Bush, specter, Trump, Kennedy doesn’t Organizations: CNN, Princeton University, New York Times, America, Twitter, Democratic, New York Magazine, Biden, South Carolina, New, Republican, Tennessee, Facebook, Republicans Locations: New York, New, But New Hampshire, Granite, New Hampshire, Ted Kennedy of Massachusetts, George H.W . Bush, Hampshire

☆ Opinion | The Biden-Trump Rematch Is Already Here
▼ + stars: | 2023-07-05 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +3 min

Belief in the lie may have buoyed some of Trump supporters’ self-esteem. If we have a good election year overall, we have a very good chance at Democrats holding the Senate. There are, needless to say, a host of uncertainties. As a general rule, the higher these issues rank in voters’ priorities, the better Republicans do. In that respect, the success of conservatives in barring the use of race in college admissions has taken a Republican issue off the table.

Persons: Truex, Arceneaux, Mike Lux, Win, ”, Gore Organizations: Trump, ’, Republicans, Truex, Republican, Democratic Party, Electoral College, Democratic, Senate, Democrats Locations: Bush

☆ Supreme Court Justice Elena Kagan’s Remarkable Dissent - The New York Times
▼ + stars: | 2023-07-01 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

But I don’t want to discuss Roberts’s majority opinion as much as I do Justice Elena Kagan’s dissent. Kagan wrote something unusual. “From the first page to the last, today’s opinion departs from the demands of judicial restraint,” Kagan wrote. To say that the Supreme Court can violate the Constitution is to reject the idea that the court is somehow outside the constitutional system. For Congress, especially, to exercise its authority to discipline the court when it oversteps its bounds.

Persons: Elena Kagan’s, Kagan, ” Kagan, “, ”

☆ The Supreme Court just gave the 2024 Biden campaign a powerful pitch: I tried to forgive debts, an unelected court killed it, but I'll do it again if you give me the votes
▼ + stars: | 2023-06-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

The Supreme Court just struck down the Biden Administration's student loan forgiveness plan. The vast majority of Democrats support student loan forgiveness. The court, however, did not fully rule out any possibility of a forgiveness plan in the future. While on the campaign trail, Biden can (and likely will) do something most presidents have abstained from doing: speak out against the Supreme Court and its decisions. If he plays his cards right, he could rally some key constituencies for his re-election, and find loan forgiveness success with a different Congress.

Persons: Biden, —, Joe Biden's, John Roberts, Biden's, SCOTUS, he'd, flack Organizations: Biden, Service, Supreme, Higher Education, Biden Administration, Democratic, NBC Locations: Biden's

☆ China's economic recovery is 'doomed to fail' as Beijing shifts away from investment, think tank experts say
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. Meanwhile, 43% of China's economy is driven by investment – about double the US's long-run average of 22%. Experts have warned of trouble for China's economy as it sees a so-far disappointing economic rebound. Investors, meanwhile, have pulled their cash out of China at a faster pace as they lose faith in its grand economic reopening.

Persons: —, Xi Jinping, Zongyuan Zoe Liu, Benn Steil, Xi, Liu, Steil Organizations: of Foreign Relations, Service, Foreign Affairs, Council, Foreign Relations, Investors Locations: York, Xi's China, Beijing, China

☆ AIIB will investigate claims of Chinese Communist Party control after Canada suspends ties
▼ + stars: | 2023-06-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regional development bank, citing explosive claims that the Chinese Communist Party had infiltrated the institution. Alexander’s comments Friday were in response to a freeze on activity ordered by Ottawa this week, pending its own review of claims about Chinese government control. She said Canada would discuss the matter with allies and partners, raising the specter of more AIIB members suspending their ties. Alexander told CNN that the AIIB isn’t concerned about losing members, which number 106 including the United Kingdom, Germany and France. “Those are independent people appointed by different constituencies of our members,” Alexander added.

Persons: Hong Kong CNN —, Danny Alexander —, —, Alexander, Bob Pickard, ” Picard, Chrystia Freeland, Pickard, ” Alexander, Picard, Xi Jinping Organizations: Hong Kong CNN, Canada, Chinese Communist Party, Asian Infrastructure Investment Bank, World Bank, UK Treasury, CNN, Communist Party, Canadian Finance, Asian Development Bank Locations: Hong Kong, Beijing, Ottawa, Canadian, Canada, United Kingdom, Germany, France, Washington ,, Japan, United States, China

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