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☆ Why Black men's job situation is worse than it looks
▼ + stars: | 2024-08-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

That means that the tens of thousands of Black men who are incarcerated aren't being included in these calculations, effectively boosting the Black male employment rate. As of July, the BLS estimated a there were 16.2 million US Black men in the noninstitutional population, compared to 18.8 million Black women. AdvertisementThe bottom line: If the survey data had a more complete picture of Black men, Holzer said the Black male employment rate would likely be "considerably worse." Education differences and discrimination can work against Black menEducation is one factor that can help explain the lower employment rate of Black men, Wilson said. A strong job market and workforce development programs could drive progressThere are several things that might help get more Black men into the workforce.

Persons: —, there's, it's, Harry Holzer, aren't, Holzer, Valerie Wilson, Wilson, Jared, Black, didn't, weren't, " Holzer Organizations: Service, Business, Georgetown University, US Department of Labor, Pew, BLS, Black, University of California, University of Chicago, BI, Harvard, Stanford, Initiative Locations: Berkeley

☆ Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference
▼ + stars: | 2024-08-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell delivers his keynote speech Friday morning at the central bank's annual retreat in Jackson Hole, Wyoming. Powell was widely expected to chart a path forward that includes interest rate reductions as the pace of inflation eases and concerns increase about the durability of the U.S. economic expansion. In previous years, he has used Jackson Hole to lay out significant policy initiatives and intentions. Markets widely expect the Fed to begin lowering rates in September and continue with a series of cuts through at least 2025. Read more:Fed minutes point to 'likely' rate cut coming in SeptemberFed survey shows lows in employment, worries about finding work and dissatisfaction with payPhiladelphia Fed President Harker advocates for interest rate cut in SeptemberSubscribe to CNBC on YouTube.

Persons: Jerome Powell, Powell, Jackson, Read, Harker Organizations: Philadelphia, CNBC, YouTube Locations: Jackson Hole , Wyoming

Inside the sole unit without air conditioning at Mississippi’s largest prison, inmates hang wet sheets from their cell ceilings to dampen the air and lay drenched towels strategically across their bodies. It remained unclear how severe the temperatures inside Unit 29 have been this summer. “But if they need to have air conditioning, they ought to have air conditioning. Lawmakers in Texas and other states without universal air conditioning have balked at the cost of installing it. At Parchman, inmates said heat is but one factor that leaves them feeling forgotten.

Persons: “, Parchman, Jay, Yo Gotti, ”, Burl Cain, MDOC, Roc, Jordan Siev, Reed Smith, Marcy Croft, Department’s, Tate Reeves, Otis Anthony, Cain, ” Anthony, Brown, Nicole Montagno, ” Montagno Organizations: Mississippi, Penitentiary, U.S . Justice Department, Justice Department’s Civil Rights Division, Justice Department, of Corrections, Mississippi Department of Corrections, Justice, Mississippi Today, NBC News, Mississippi State, MJ, Republican Gov, Democratic, State Rep, Democrat, Initiative, Harvard, Lawmakers Locations: Parchman, Mississippi, New York, South, Texas, Boston, U.S

“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, —, Trump, ”, Andrew Hitt, “, Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, ”, Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota

☆ Sports Betting Is Driving Americans Into Debt, Bankruptcy
▼ + stars: | 2024-08-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

AdvertisementIt tracks: The closer you live to a casino, the likelier you are to develop a gambling problem. About 1% of US adults have a severe gambling problem, according to the National Council on Problem Gambling, and 2% to 3% have a mild or moderate problem. Advertisement"By the time everyone gets all excited, we're talking about really large credit-card debt, really large debts to friends and family. A lot of online debt," said Timothy Fong, a clinical professor of psychiatry at UCLA and a codirector of its gambling-studies program. In the sports world, we've recently seen some high-profile examples of young men getting into hot water from sports betting.

Persons: that's, Brett Hollenbeck, Hollenbeck, It's, Michelle Malkin, You've, Timothy Fong, Fong, Young, we've, Shohei, Ippei Mizuhara, Jontay Porter, Malkin, doesn't, it's, Emily Stewart Organizations: University of California, University of Southern, UCLA's Anderson School of Management, National Council, East, East Carolina University's, Policy Initiative, UCLA, MLB, NBA, Sports, Business Locations: Los Angeles, University of Southern California, East Carolina, America, New Jersey

☆ An FCC ruling has cut prison phone bills in half, disrupting the correctional telecommunications industry
▼ + stars: | 2024-07-22 | by ( Narimes Parakul | ) www.businessinsider.com time to read: +6 min

In order for people in prison to use phone or video calls to chat with family, the person on the other line must pay. As of 2021, according to research by the Prison Policy Initiative, they've paid an average of $3 for a 15-minute phone call. The new rules will force a business model change for correctional telecommunications companies as they contend with an estimated $500 million loss in revenue, according to Worth Rises. Only five states have passed legislation to make jail phone calls free, according to Prison Legal News. Wanda Bertram, a communications strategist for the Prison Policy Initiative, said prisons tend to negotiate better contracts with telecommunications companies and, therefore, tend to have better rates for prisoners.

Persons: —, they've, Peter Wagner, Viapath, ICSolutions, –, Bianca Tylek, Wanda Bertram, Paul Wright Organizations: Service, Federal Communications Commission, Business, FCC, Correctional, Worth, Connect, PBS, Companies, Human Rights Defense Center Locations: ICSolutions, New York , Ohio, Rhode

☆ Live Election Updates: Trump to Close G.O.P. Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

For the last eight years, President Trump has given everything he has to fight for the people of our country. And then President Trump flew to Milwaukee and got back to work. A leader who rejects Joe Biden and Kamala Harris’s Green New Scam and fights to bring back our great American factories. President Trump represents America’s last best hope to restore what — if lost — may never be found again. And every single day for the next four years, when I walk into that White House to help President Trump, I will be doing it for you.

Persons: Vance, Trump, Donald Trump, Corey Comperatore, Don, Eric squirmed, I’ve, Joe Biden, Joe, ”, Donald J, Biden, Mamaw, “, We’ve, who’s, Kamala Harris’s, —, I’m, Usha, Ewan who’s, Vivek who’s, America’s, It’ll, Trump’s, Mamaw couldn’t, That’s, Kamala Harris, he’s, Joe Biden’s, ” We’re, “ Honey, it’s, that’s Organizations: Michigan, America, United States Senate, Republican Party of, NAFTA, China, United States Marines, Fi, The Ohio State University, I’m, Ohio State, Yale Law School, Trump, Mirabel, Social Security, Iraq, Washington, Workers, Chinese Communist Party, ISIS, United, Republican Party Locations: Milwaukee, Ohio, America, Pennsylvania, United States of America, Middletown , Ohio, Washington, Mexico, Iraq, Michigan, New York City, American, Afghanistan, Wisconsin, China, U.S.A, Eastern Kentucky, Appalachia, Ohio , Pennsylvania, that’s Kentucky, United States, Kentucky, Michigan , Wisconsin , Pennsylvania

☆ Live Election Updates: Trump to Close Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

☆ Wall Street thinks the US economy is getting back to normal. The election could change that
▼ + stars: | 2024-07-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Inflation is easing, and so is economic growth – that combination means interest rate cuts could be on their way. Before the Bell spoke with Michael Reynolds, vice president of investment strategy at Glenmede, about investors, the economy and political landscape. We recognize that to have a thesis on the economy is to have a thesis on the consumer. The global market value for adult diapers was pegged at $12.8 billion in 2023, according to market research provider Euromonitor International.

Persons: Joe Biden, Bell, Michael Reynolds, we’ve, there’s, That’s, We’ve, Fumio Kishida, Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal, DC, Traders, Fed, Federal Reserve, United Nations, UN, Euromonitor, Oji Holdings, Flags Locations: New York, Japan, China, Indonesia, Malaysia, United States

☆ China sets mid-July for highly anticipated ‘Third Plenum’ meeting to discuss 'deepening reform'
▼ + stars: | 2024-06-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

NINGBO, China — China's top leaders will gather from July 15 to 18 for a highly anticipated meeting known as the Third Plenum, state media said Thursday. He said his analysis of an annual government meeting in December found the readout had twice as many mentions of policy implementation than the prior year, highlighting its importance. The Communist Party of China selected a new group of leaders in October 2022 at its 20th National Party Congress. Its third plenary session will run from July 15 to July 18, state media said. The plenum will discuss "further comprehensively deepening reform and advancing Chinese modernization," English-language state media said.

Persons: Pang Ming Organizations: Communist Party of, National Party Congress Locations: NINGBO, China, Communist Party of China

☆ China has spent at least $230 billion to build its EV industry, new study finds
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. Last month, the U.S. announced it was raising duties on imports of Chinese electric vehicles to 100%. There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough. But he also noted that the U.S. has not created conditions that are as attractive as China's for developing its own electric car industry. "There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough," he said.

Persons: Scott Kennedy, Kennedy, Tesla Organizations: Workers, SAIC, GM, Future Publishing, Getty, Strategic, International Studies, CSIS, U.S, Ministry of Finance, Bank of America, Western, EV Locations: Qingdao, Shandong, BEIJING, China, U.S

☆ Denied the 'right to hug': In many U.S. jails, video calls are the only way detainees can see loved ones
▼ + stars: | 2024-06-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dan_Headshot.Jpg | Dan Slepian | ) www.nbcnews.com time to read: +13 min

Reekila Harris-Dudley during a video call with her family at Genesee County Jail in Flint, Mich., on June 10. In recent years, hundreds of jurisdictions around the United States have eliminated in-person visits, making a video screen the only way detainees can see their loved ones. The financial allure of video visitation was clear to local officials when the technology was first introduced in Genesee County a decade ago. In Genesee County, video calls are free — if the “visitor” travels to the jail and uses a screen there. The video visitation scheduling kiosk at Genesee County Jail in Flint, Mich., on June 10.

Persons: Reekila Harris, Dudley, “, Harris, Dudley couldn’t, Lester Holt, Alec Karakatsanis, ”, Brenda, Phillip Dudley, Brenda Dudley, When’s, ’ ”, I’m, ” Reekila Harris, —, Wanda Bertram, Bianca Tylek, Julie Poehlmann, “ Young, ” Poehlmann, Karakatsanis, they’re, ViaPath, Securus, Chris Swanson, Swanson, Holt, Swanson —, ” Swanson, George Floyd’s, “ We’re, Kenzi Abou Organizations: NBC, Mastercard, ” Private, Technologies, NBC News, Genesee County’s, ViaPath, Initiative, PPI, Worth, U.S . “, University of Wisconsin, Michigan, “, Genesee, Genesee County Sheriff's, St, Karakatsanis Locations: Genesee, Flint , Michigan, America, Genesee County, Flint, Mich, United States, “, Genesee County Jail, Michigan, Travis, Texas, U.S, Madison, Clair County

☆ Bitcoin ETFs bring in a new investor who bucks the 'HODL' culture and rebalances as bitcoin soars
▼ + stars: | 2024-06-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Crypto's culture encourages investors to "HODL," or hold on for dear life, in the rollercoaster ride of bitcoin 's extreme fluctuations. But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios regularly add in bitcoin exposure. "From a risk management point of view, rebalancing is a good thing. But rebalancing also means that they're going to be sellers along this journey." At the moment, long-term holders are selling, as is normal during bull markets, after accumulating bitcoin during the bear market.

Persons: Donald Marron, rebalancing, Julio Moreno Organizations: Urban Institute Locations: Austin , Texas

Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.

Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA

☆ China military forces getting closer to Taiwan could lead to 'miscalculation,' analyst says
▼ + stars: | 2024-05-20 | 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 EmailChina military forces getting closer to Taiwan could lead to 'miscalculation,' analyst saysRaymond Kuo, Taiwan Policy Initiative director at Rand Corporation, says "at some point, Taiwan has to respond, whether it's 24 nautical miles, whether it's 12 nautical miles."

Persons: Raymond Kuo Organizations: China, Taiwan Policy Initiative, Rand Corporation Locations: Taiwan

☆ Despite Billions in Investments, Biden Trails in Arizona and Georgia
▼ + stars: | 2024-05-15 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

President Biden’s economic policies have helped spur billions of dollars in new investments in Arizona and Georgia, two crucial battleground states in the 2024 election. Yet so far, Mr. Biden’s policies appear to have done little to lift his support in either region. Arizona and Georgia have been major beneficiaries of the Biden administration’s key policy initiatives — the Inflation Reduction Act, the CHIPS and Science Act and the bipartisan infrastructure law. Georgia has been a big beneficiary of Mr. Biden’s clean energy and infrastructure laws. Still, former President Donald J. Trump has maintained a significant lead over Mr. Biden in both states, according to new polls by The New York Times and Siena College.

Persons: Biden, Donald J, Trump Organizations: Semiconductor Industry Association . Georgia, Mr, The New York Times, Siena College Locations: Arizona, Georgia

☆ Don't call them DINKs. Many childfree adults are ALICEs, living paycheck to paycheck without government assistance
▼ + stars: | 2024-05-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

A growing number of child-free adults, however, are falling through the cracks of the US economy. Many low-income childfree adults fall into the ALICE category — people who are asset-limited, income-constrained, and employed. The majority of these adults don't receive any state or federal rental assistance. AdvertisementMany Social Security and Medicare programs also primarily offer assistance to older adults, excluding adults under 62. He suggested expanding the Earned Income Tax Credit to benefit more adults without children, along with removing the extra qualifications childfree adults must meet to access SNAP benefits.

Persons: —, childfree, Robert Greenstein, Greenstein Organizations: Service, Business, Brookings Institution, Brookings, The Hamilton, Security, SNAP, Social Security Locations: Brookings

☆ There's a messy battle over AI going on in DC — and there's no end in sight
▼ + stars: | 2024-05-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.

Persons: —, hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America

☆ Trump could drive inflation higher with his second-term economic agenda, analysts say
▼ + stars: | 2024-04-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Scott Olson | Getty Images News | Getty ImagesFormer President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. We have a ring around the country," Trump said in a TIME interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. Yet economists and Wall Street analysts agree that these plans would likely drive consumer prices higher. "A second Trump term could bring higher tariffs, attempts to weaken the dollar, even higher deficits, deportation of illegal immigrants, and other policies that could put upward pressure on inflation," Piper Sandler analysts wrote last week. Reached for comment, the Trump campaign said, "under President Trump, inflation was non-existent, gasoline was cheap, groceries were affordable, and the American Dream was alive and well."

Persons: Donald Trump, Scott Olson, Joe Biden, Trump, Jay Powell, Piper Sandler, Donald Trump's, Paul Ashworth, Wells Organizations: Clinton Middle School, Getty, Wall Street, Trump, Federal, Wall, Capital Economics, North, U.S ., Wells Locations: Clinton , Iowa, China, Mexico, South Carolina, North America

☆ San Quentin State Prison: Running provides a new lease of life for inmates
▼ + stars: | 2024-04-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

Set up in 2005, San Quentin’s running club meets regularly and is run entirely by volunteer coaches from Marin County’s Tamalpa Running Club, who come from outside the facility to share their expertize and time with aspiring runners in the prison. For the most part, it’s poverty mixed with a lack of opportunity,” Thomas tells CNN Sport. “It hurt me inside because he was more like a mentor to me,” Taylor tells CNN Sport. That helped me in my recovery and transformation in my life,” Taylor, known as “Markelle the Gazelle” because of his athletic prowess, explains. “But there’s two million people in prison,” Thomas adds.

Persons: Rahsaan Thomas wasn’t, Thomas, “, ”, , Johnny Cash, Marin County’s, ” Thomas, you’re, Thomas ’, Christine Yoo, Diana Fitzpatrick, ” Fitzpatrick, Jim Maloney, Maloney, Markelle Taylor, Kevin Rumon, we’re, ” Taylor, Taylor, Gavin Newsom, podcaster Organizations: CNN, San, Prison, CNN Sport, ESPN, Initiative, Black, Federal Bureau of Prisons ., San Quentin Marathon, Boston Marathon, New York City Marathon Locations: San Quentin, Quentin’s, White

☆ 'Underappreciated beneficiaries' of AI: Morgan Stanley shares Asian names and gives one 113% upside
▼ + stars: | 2024-02-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Many U.S. companies have caught the attention of investors amid the artificial intelligence boom, but there are "underappreciated beneficiaries" in Asia-Pacific, according to Morgan Stanley. Beneficiaries could be both AI adopters and enablers — or those that are a mix of both, according to Morgan Stanley. The greatest share of AI beneficiaries in Asia and emerging markets were found in IT and communications, it said. At the opposite end of the spectrum, sectors Morgan Stanley said had "unknown" AI impact included real estate, materials and energy. Here are some names in Morgan Stanley's screens of AI beneficiaries — enablers, adopters and those that are both — that it says have the "most potential for outperformance over the next 12 months."

Persons: Morgan Stanley, Financials, Morgan Stanley's, — Organizations: U.S Locations: Asia, Japan, States, Pacific, United States, Morgan

And while the economy usually comes out on top as the issue for most voters, there are doubts over whether even a good economy is enough for Joe Biden to win a second term. Certainly, the improving economy – and most importantly an inflation rate that is trending back to the Federal Reserve’s desired 2% annual target – should be an asset for Biden. “Obviously perceptions of Biden and Trump are largely baked in and have been for a long time” says Lee Miringoff, director of the Marist Institute for Public Opinion. “We’re playing at the margins at best.”For Democrats, running on a good economy will present its own challenges. The wing nuts have disproportionate power.”Ramamurti still believes that Biden should emphasize the economy, saying, “I’m of the view that good news is good news.

Persons: Joe Biden, ”, Jose Torres, ” Powell, “, Biden, Al Capone, Alejandro Mayorkas, Bharat Ramamurti, Trump, Lee Miringoff, David Walker, Walker, “ There’s, ” Ramamurti, Ramamurti, Gregory Daco, Pollsters, Mark Zandi Organizations: Federal, Biden, Fed, Interactive, Republicans, Democrats, CBS, Trump, GOP, Homeland, National Economic Council, Marist, ”, Marist Institute, Public, Biden Administration, Republican, Democratic Party, Democrat, Dow Jones, Moody's Locations: Pennsylvania

☆ China is facing a brutal reality as it desperately tries to fix its population decline problem
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's population fell for a second consecutive year as the birth rate reached a record low. AdvertisementFor the second year in a row, China's population fell. But still, the Chinese population — young people, in particular — did not bite. The law was introduced, in part, as an effort to boost the country's birth rate. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ China's population decline likely won't be solved by throwing money at its citizens, an expert on China says
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's ruling party introduced a "three-child policy" in 2021, welcoming families to have more than two children. A solution for China's demographic crisis likely won't come through a few policy initiatives, Wang argued. The law was introduced, in part, as an effort to boost the country's birth rate. Taiwan has so far invested $3 billion in implementing programs to get more citizens to have children, The Los Angeles Times reported. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, Business, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

MADISON, Wis. (AP) — Eagerly awaited redistricting reports that will recommend new maps expected to reshape the balance of power in the Wisconsin Legislature are due to the state Supreme Court on Thursday. Republicans have indicated that they plan an appeal to the U.S. Supreme Court, arguing due process violations, but it’s not clear when that would come. It ultimately will be up to the Wisconsin Supreme Court, with a 4-3 liberal majority, to decide which maps to enact. Evers on Tuesday vetoed a last-ditch effort by Republicans to enact new lines to avoid the court ordering maps. The Wisconsin Supreme Court has also been asked by Democrats to take up a challenge to the state's congressional district lines.

Persons: —, Tony Evers, ”, Evers Organizations: Republicans, GOP, Gov, Democratic, Wisconsin Supreme, U.S, Supreme, Senate, Marquette University, . House Locations: MADISON, Wis, Wisconsin

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