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Old Cold War tool could help in new era of tension
  + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.
Persons: Joe Biden, Hung Tran, Li Qiang, , Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, , Russia, Britain, Canada, Australia, South Korea
How a Vast Demographic Shift Will Reshape the World
  + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com   time to read: +18 min
1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.
Persons: That’s, , Mikko Myrskylä, Max Planck, Carolina Cardona, Philip O’Keefe, , O’Keefe, Myrskylä, “ We’ve, , aren’t, Mr Organizations: Korea Germany Italy Russia United, France, France Pakistan Pakistan China China U.S ., U.S, China India Nigeria D.R.C, France Pakistan Pakistan China China U.S . U.S, France Pakistan, France Pakistan China U.S . U.S, for Demographic Research, Youth, Niger, Dem, Central African Rep, Herzegovina Bulgaria Croatia Czech Rep, Denmark Estonia Finland France Germany Greece, Denmark Estonia Finland France Germany Greece Hungary Ireland, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo, Macedonia Norway Poland Portugal Moldova Romania, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern America, New Zealand, New, Benin Botswana Burkina Faso Burundi Cameroon Central African Rep, Chad Comoros, Congo Ivory Coast Dem, Johns Hopkins University, Aging, ARC Center of Excellence, Aging Research, World Bank, Spain Taiwan, Young, Korea, Spain, Locations: Japan, Western Europe, South Korea, Britain, Eastern Europe, China, Europe, India, East Asia, Florida, United States, South, Southeast Asia, Africa, Korea Germany Italy, Korea Germany Italy Russia United States France China Thailand United Kingdom, South Korea Brazil Colombia China Thailand Iran Myanmar Vietnam Bangladesh Indonesia, South Africa Myanmar Indonesia Bangladesh Philippines Pakistan Kenya Indonesia Egypt Ethiopia, Russia, France Pakistan Pakistan China China U.S, France Pakistan Pakistan China China U.S . U.S, Japan U.S, Japan China India India India Nigeria Nigeria Ethiopia D.R.C, Indonesia Indonesia Brazil Brazil Brazil, China Japan India Brazil, Pakistan France China U.S, Japan India Nigeria Brazil Indonesia, Pakistan U.S, China India Nigeria, Ethiopia Brazil Indonesia, France Pakistan Pakistan China China U.S . U.S . U.S, Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C, France Pakistan China, France Pakistan China U.S . U.S . U.S, Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C, Congo Somalia, Angola Tanzania Nigeria, Afghanistan Ethiopia Tajikistan Kenya, Asia, Oceania, Kenya, Demographically, South Asia, Singapore, Albania, Austria Belarus Belgium Bosnia, Herzegovina Bulgaria, Denmark Estonia Finland France Germany, Denmark Estonia Finland France Germany Greece Hungary, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo Latvia Lithuania Netherlands, Macedonia Norway Poland Portugal, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine, Eastern Asia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern, Canada, States Australia, New, Australia, New Zealand, Saharan Africa, Angola, Benin Botswana Burkina Faso Burundi Cameroon, Congo, Congo Djibouti, Guinea Eritrea Eswatini Ethiopia Gabon Gambia Ghana Guinea Guinea, Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Senegal Sierra Leone Somalia South Africa South Sudan Togo Uganda Tanzania Zambia Zimbabwe, Aging Asia, Pacific, America, , Hong Kong, Italy, Spain, Spain Taiwan Greece, Singapore Slovenia Thailand Germany, Mainland China Finland Japan Netherlands Canada, Hong Kong South Korea, Singapore Slovenia Japan Thailand Germany, Mainland China Finland Netherlands, U.N, Korea Japan Spain, Korea Japan, France, West, East, Vietnam
AUCKLAND, July 17 (Reuters) - The Pacific region is becoming more contested and less secure as China becomes more assertive, New Zealand Prime Minister Chris Hipkins said on Monday, outlining the country’s need to work with like-minded partners while still engaging with Beijing. “Our region is becoming more contested, less predictable, and less secure,” he said. “And that poses challenges for small countries like New Zealand that are reliant on the stability and predictability of international rules for our prosperity and security." “In this increasingly complex global environment, our relationship with China will continue to require careful management,” he said. Wang Xiaolong, China’s ambassador to New Zealand said in a speech that China and New Zealand relations were healthy, stable and thriving.
Persons: Chris Hipkins, Hipkins, , Wang Xiaolong, Lucy Craymer, Sandra Maler Organizations: AUCKLAND, Zealand, China Business Summit, Thomson Locations: China, Beijing, Auckland, , New Zealand, New, Wellington, Australia, Canada, United States, United Kingdom, Lincoln
How Congress Can Stop Biden’s Regulatory Onslaught
  + stars: | 2023-07-15 | by ( Phil Gramm | Mike Solon | ) www.wsj.com   time to read: +1 min
Wonder Land: Republican presidential hopefuls Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy and maybe even Donald Trump are united on spending. Images: Reuters/Zuma Press Composite: Mark KellyBefore the rise of the regulatory state, America’s economic exceptionalism flowed from clear constitutional boundaries between the spheres of individual freedom and government power. All major federal initiatives were circumscribed by the Constitution and required legislation by both houses of Congress followed by the president’s signature. The result was economic and political stability enforced by checks and balances. While political inertia frustrated elected officials, the benefits of unparalleled economic certainty and unmatched freedom to work, save and invest delivered unequaled prosperity.
Persons: Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Donald Trump, Mark Kelly Organizations: Republican, Zuma, Senate
Former President Donald Trump this month will host a screening of "Sound of Freedom," the surprise hit film about rescuing sex-trafficked children that has been embraced in right-wing circles, his 2024 campaign announced Thursday. "Sound of Freedom" has made more than $53 million as of Wednesday, Deadline reported. Utah-based Angel Studios distributed "Sound of Freedom," selling tickets through an online "pay it forward" campaign. Other conservative outlets have defended the film from its critics, and Ballard has pushed back on those linking it to QAnon. That outlandish right-wing internet conspiracy revolves around the idea that Trump was secretly fighting against shadowy, powerful rings of satanic pedophiles.
Persons: Donald Trump, Trump, Eduardo Verastegui, Ron DeSantis —, DeSantis, Disney, Bob Iger, Jim Caviezel, Indiana Jones, Tim Ballard, Ballard, Caviezel, Mel Gibson's, Steve Bannon Organizations: White House, Prosperity, GOP, Florida Gov, Disney, CNBC, The New York Times, Rotten Tomatoes, Angel Studios, New York Times, Homeland Security, Operation Underground Railroad, Underground Railroad, Trump Locations: Bedminster , New Jersey, Florida, Disney's, Utah, Colombia, Colombian, QAnon
The KraneShares CSI China Internet ETF is up 5.4% since Friday, while back home the CSI Overseas China Internet Index (.CSIH11136) is up nearly 3%. Yet China tech valuations have been gutted in the nearly 3 years since Ant was forced to shelve its initial share offering, and fund managers see plenty of headwinds, apart from just policy scrutiny. "The government has learned that the private sector - particularly the tech sector - is a critical partner in jump-starting growth. The government will continue to exert pressure on key tech companies even as they allow growth to resume," he said. For some sell-side analysts, though, China tech has turned a corner.
Persons: Jack Ma, Jon Withaar, Ant, Wong Kok Hoi, Wong, Kai Kong Chay, Derrick Irwin, Xi Jinping's, Alibaba's ADRs, Morgan Stanley, Min Lan Tan, Vidya Ranganathan, Kim Coghill Organizations: Group, Alibaba, HK, Pictet Asset Management, CSI China, CSI Overseas, CSI Overseas China Internet, Amazon Inc, APS Asset Management, Greater, Manulife Investment Management, UBS Global Wealth Management, Thomson Locations: HONG KONG, China, Asia, Hong Kong, Alibaba, CSI Overseas China, Singapore, Greater China, Boston
The KraneShares CSI China Internet ETF is up 5.4% since Friday, while back home the CSI Overseas China Internet Index (.CSIH11136) is up nearly 3%. Yet China tech valuations have been gutted in the nearly 3 years since Ant was forced to shelve its initial share offering, and fund managers see plenty of headwinds, apart from just policy scrutiny. "The government has learned that the private sector - particularly the tech sector - is a critical partner in jump-starting growth. The government will continue to exert pressure on key tech companies even as they allow growth to resume," he said. For some sell-side analysts, though, China tech has turned a corner.
Persons: Jack Ma, Jon Withaar, Ant, Wong Kok Hoi, Wong, Kai Kong Chay, Derrick Irwin, Xi Jinping's, Alibaba's ADRs, Morgan Stanley, Min Lan Tan, Vidya Ranganathan, Kim Coghill Organizations: Group, Alibaba, HK, Pictet Asset Management, CSI China, CSI Overseas, CSI Overseas China Internet, Amazon Inc, APS Asset Management, Greater, Manulife Investment Management, UBS Global Wealth Management, Thomson Locations: HONG KONG, China, Asia, Hong Kong, Alibaba, CSI Overseas China, Singapore, Greater China, Boston
ANCASH, Peru, July 12 (Reuters) - Archaeologists working in Peru have uncovered a 3,000-year-old sealed corridor dubbed "the condor's passageway" that likely leads to other chambers inside what was once a massive temple complex pertaining to the ancient Chavin culture. Located around 190 miles (306 km) northeast of Lima, the Chavin de Huantar archeological site is among the culture's most important centers, thriving from around 1,500-550 B.C. The temple complex features terraces as well as a network of passageways, which have only recently been discovered. Rick, a Stanford University archeologist, has said much of the temple complex remains to be excavated. The United Nations' educational, scientific and cultural arm UNESCO declared Chavin de Huantar a world heritage site in 1985.
Persons: John Rick, Rick, Chavin, Carlos Valdez, Marion Giraldo, David Alire Garcia, Rosalba O'Brien Organizations: Reuters, Stanford University, Rick's, United Nations, UNESCO, Thomson Locations: ANCASH, Peru, Lima, Peruvian
at the 2023 NATO Summit seen next to the Main Media Center, in Vilnius, Lithuania, in Vilnius, Lithuania, on July 12, 2023. "We will stand with Ukraine as it defends itself against Russian aggression, for as long as it takes." The G7 said it would also seek to bolster Ukraine's economic stability, including through recovery efforts, "to create the conditions conducive to promoting Ukraine's economic prosperity." The countries vowed to provide technical and financial support for Ukraine's immediate needs as a result of Russia's full-scale invasion. Moscow sharply criticized the G7's security pledges to Ukraine.
Persons: Dmitry Peskov, Putin, Rishi Sunak Organizations: Summit, Main Media Center, UN, Ukrainian, Kremlin, Google, London, NATO Locations: Ukraine, Vilnius, Lithuania, Moscow, Russia, Europe
CNN —President Joe Biden got almost everything he wanted from the NATO summit. President Joe Biden speaks at Vilnius University in Vilnius, Lithuania, Wednesday, July 12, 2023, after attending the NATO Summit. On Wednesday for instance, Russia marked the NATO summit by launching airstrikes against Kyiv region. US President Joe Biden (R) attends a meeting with Ukrainian President Volodymyr Zelensky at the sidelines of the NATO Summit in Vilnius on July 12, 2023. That President Biden and NATO didn’t invite Ukraine to NATO because he’s afraid of Russia?” Kaleniuk asked.
Persons: Joe Biden, Volodymyr Zelensky, craves, “ It’s, ” Biden, Zelensky, Biden, , ” Zelensky, Russia –, Putin, NATO’s, craven, Susan Walsh, , Donald Trump, Mike Pence, Vladimir Putin, Jeff Flake, Fumio Kishida, barnstormed, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Jake Sullivan, Daria Kaleniuk, ” Kaleniuk, Sullivan, Dmitry Peskov, Ukraine –, William Burns, he’d, Organizations: CNN, NATO, Poignantly, Russia, Congress, Nordic, Biden, Vilnius University, Ukraine, Capitol, Republican, Japanese, GOP, ” Ukraine, AFP, Getty, , NATO didn’t, Kremlin, CIA Locations: Russia, Ukraine, Soviet, Europe, Sweden, Finland, Kyiv, Lithuania, Vilnius, Western, Crimea, US, Ankara, Turkey, AFP, Ukrainian, NATO, Moscow, Russian
The cuts, which the fund companies said in identical phrasing were "aimed at reducing investors' costs in managing their wealth", come after China's securities regulator on Saturday vowed to guide mutual fund fees lower. Fund management fees would be capped at 1.2% of assets and custodian fees at 0.2%, state media reported. Nevertheless, the industry collected 144.1 billion yuan in management fees in 2022, up 1.7% from a year earlier, according to TX Investment Consulting Co. FEE CUTFullGoal Fund Management Co said it would cut fees on 119 products starting Monday, while Harvest Fund Management announced cuts for 113 products. The CSRC published opinions in April last year to promote high-quality growth of the mutual fund industry.
Persons: Morningstar, Ivan Shi, China's, Warburg Pincus, Samuel Shen, Tom Westbrook, Selena Li, Muralikumar Anantharaman, Jamie Freed Organizations: China Asset Management Co, Bank of Communications Schroder Fund Management, China Securities Regulatory Commission, Ben Advisors, Investment Consulting Co, Management, Harvest Fund Management, Asset Management Co, Ou Asset Management Co, Warburg, Shanghai Securities News, Thomson Locations: SHANGHAI, SINGAPORE, China, United States, Shanghai, China's
U.S. Treasury Secretary Janet Yellen addresses journalists in a press conference July 9 capping her four-day Beijing visit. She said "direct, substantive and productive" talks have set relations between the world's two largest economies on a "surer footing." She is the second member of U.S. President Joe Biden's cabinet to visit Beijing in recent weeks amid efforts to stabilize ties between the two powers. Otherwise, she added, Chinese officials can raise their concerns and U.S. will in some cases, address unintended consequences. Just days before Yellen's visit, Beijing had slapped export curbs on chipmaking metals and its compounds — which China's Ministry of Commerce claimed to have given the U.S. and Europe advance notice.
Persons: Janet Yellen, Pedro Pardo, Joe Biden's, Yellen, Joe, Biden, , Yellen's, Premier Li Qiang Organizations: Treasury, Afp, Getty, U.S, U.S ., China's, of Commerce, Premier, China Locations: Beijing, Washington, China, U.S, Europe, United States, decouple
Beijing/Hong Kong CNN —The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world’s two largest economies. But I expect that this trip will help build a resilient and productive channel of communication,” Yellen told a news conference in Beijing. “China believes that generalizing national security is not conducive to normal economic and trade exchanges,” it said. Yellen said she discussed with Chinese officials areas of cooperation on global challenges, including working together to mobilize multilateral financing for climate action. US climate envoy John Kerry is expected to visit China next, according to US Ambassador to China Nicholas Burns, though he did not provide a timetable for the trip.
Persons: Janet Yellen, Yellen, Li Qiang, Pan Gongsheng, ” Yellen, , Thomas Peter, , , Biden, That’s, John Kerry, China Nicholas Burns Organizations: Hong Kong CNN, Communist Party, Washington, Sunday, Reuters, US, China’s, Xinhua, China, Bain & Company, Group, Street, Politico, Ukraine Locations: Beijing, Hong Kong, United States, China, , Japan, Netherlands, decouple, Shanghai, American,
July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.
Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru
On the Fourth of July, Sen. Josh Hawley tweeted a quote he attributed to Patrick Henry. The quote argues that America "was founded, not by religionists, but by Christians." But it didn't come from Henry — it comes from a segregationist newspaper in Virginia in 1956. It came from a 1956 article in "The Virginian," a since-shuttered segregationist newspaper. "The above quotation from the will of Patrick Henry is a notable example."
Persons: Sen, Josh Hawley, Patrick Henry, Henry —, , Republican Sen, Patrick Henry —, United States —, Jesus Christ, Henry, Hawley isn't, David Barton, Seth Cotlar, Thomas Jefferson, Abraham Lincoln, Hawley Organizations: Service, Republican, United, Willamette University, Twitter Locations: America, Virginia, Missouri, United States, Henry's
Putin used his moment to speak at the one-day summit to give his answer to that question. That event stretched over two in-person days in Samarkand, Uzbekistan and featured a number of sideline meetings between attending leaders. India announced last month that its leaders’ summit would be held virtually, without specifying why. At last year’s SCO summit, Modi told Putin in “today’s era is not an era of war.”And India has its own friction with neighboring China. In May, Pakistani Foreign Minister Bilawal Bhutto Zardari became the most senior-level official to visit India in seven years, when he joined a SCO foreign ministers meeting.
Persons: Hong Kong CNN — Vladimir Putin, Narendra Modi, Putin, Wagner, , ” Putin, China’s Xi, Belarus ’ Alexander Lukashenko, Iran’s Ebrahim Raisi, ” Modi, Modi, Joe Biden, Xi, ” Xi, Biden, , Bilawal Bhutto Zardari, Yevgeny Prigozhin Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, Indian, India, China’s Foreign Ministry, India’s Ministry, External, CNN, Pakistani, Belarus Locations: Hong Kong, Moscow, Russian, Ukraine, Belarus, Russia, spreadheaded, China, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Eurasia, Tuesday’s, Iran, Beijing, Samarkand, New Delhi, Pacific,
Harvard Admit rate: 4% 10k students Duke University Admit rate: 6% 7k students Amherst College Admit rate: 9% 2k students Carnegie Mellon University Admit rate: 14% 7k students University of California, Berkeley Admit rate: 14% 30k students Boston University Admit rate: 19% 20k students University of North Carolina, Chapel Hill Admit rate: 20% 20k students University of Texas, Austin Admit rate: 29% 40k students University of Florida Admit rate: 30% 30k students Bucknell University Admit rate: 35% 4k students San Diego State University Admit rate: 38% 30k students Binghamton University Admit rate: 44% 10k students University of California, Davis Admit rate: 49% 30k students Clemson University Admit rate: 49% 20k students Stevens Institute of Technology Admit rate: 53% 4k students University of Washington, Seattle Campus Admit rate: 54% 40k students Brigham Young University Admit rate: 59% 30k students CUNY Queens College Admit rate: 61% 20k students Texas A & M University, College Station Admit rate: 64% 60k students University of Pittsburgh Admit rate: 67% 20k students Texas Tech University Admit rate: 68% 30k students Ball State University Admit rate: 68% 10k students Rutgers University, New Brunswick Admit rate: 68% 40k students Purdue University Admit rate: 69% 40k students Louisiana State University Admit rate: 71% 30k students University of Delaware Admit rate: 72% 20k students University of Central Missouri Admit rate: 76% 8k students Mississippi State University Admit rate: 76% 20k students University of Wisconsin, Eau Claire Admit rate: 78% 10k students University of Alabama Admit rate: 79% 30k students University of North Carolina, Charlotte Admit rate: 79% 20k students University of Colorado Boulder Admit rate: 80% 30k students Drexel University Admit rate: 83% 10k students University of Arkansas Admit rate: 83% 20k students University of Cincinnati Admit rate: 85% 30k students University of Texas, Dallas Admit rate: 87% 20k students Suffolk University Admit rate: 88% 4k students Arizona State University Admit rate: 88% 60k students West Chester University of Pennsylvania Admit rate: 89% 10k students Grand Valley State University Admit rate: 92% 20k students University of Kansas Admit rate: 93% 20k students Utah State University Admit rate: 93% 20k students California State University, Sacramento Admit rate: 94% 30k students University of Utah Admit rate: 95% 30k students Kansas State University Admit rate: > 95% 20k students University of Wyoming Admit rate: > 95% 9k students 90% admission rate 80% admission rate 70% admission rate 60% admission rate 50% admission rate 40% admission rate 30% admission rate 20% admission rate 10% admission rate These are America’s major four-year colleges, arranged by their admission rates. Just 6 percent of all college students attend a school with an acceptance rate of 25 percent or less. 56 percent of these college students go to a school that admits at least three-quarters of its applicants. These statistics reveal a simple fact about affirmative action in higher education: It mattered very little for the majority of American college students. But because affirmative action only opened a tiny window of access to America’s most elite institutions, the ruling will make little difference for most college students.
Persons: Richard Arum, Mitchell, Stevens, Quoctrung Bui Mr, Arum, Davis, It’s, Lyndon B Organizations: University of California, Stanford Graduate School of Education, Harvard, Duke University, Amherst College, Carnegie Mellon University, Boston University, University of North, University of Texas, University of Florida, Bucknell University, San Diego State University, Binghamton University, Clemson University, Stevens Institute of Technology, University of Washington, Brigham Young University, CUNY Queens College, Texas, M University, College, University of Pittsburgh, Texas Tech University, Ball State University, Rutgers University, Rutgers University , New, Purdue University, Louisiana State University, University of Delaware, University of Central, Mississippi State University, University of Wisconsin, University of Alabama, University of Colorado Boulder, Drexel University, University of Arkansas, University of Cincinnati, Suffolk University, Arizona State University, West Chester University of Pennsylvania, Valley State University, University of Kansas, Utah State University, California State University, University of Utah, Kansas State University, University of Wyoming, Stanford, Black White, White Black, U.S . Department of Education, Pomona, San, California State University , Los, of California Locations: Irvine, Berkeley, University of North Carolina, Austin, Seattle, Rutgers University ,, Rutgers University , New Brunswick, University of Central Missouri, Eau Claire, Charlotte, Dallas, Sacramento, Cambridge, Palo Alto, America, California, San Francisco State, California State University , Los Angeles
WELLINGTON, July 3 (Reuters) - New Zealand Prime Minister Chris Hipkins trod a careful line on his first trip to China last week as leader, focusing on trade and economic opportunities but avoiding contentious issues such as human rights abuses in Xinjiang or security concerns. New Zealand has long been seen as the most conciliatory towards China among the Five Eyes security grouping, which includes Australia, the U.S., Britain and Canada. “(Hipkins's) visit certainly gave China a tick in the international legitimacy box and Beijing has gained at least as much from Hipkins' visit as New Zealand exporters,” Victoria University's Ayson said. New Zealand exporters were prominent in the visit with a delegation of 29 businesses travelling with the prime minister to China. The most recent polls from late May put a coalition of opposition parties National and Act ahead of a Labour-Green party coalition.
Persons: Chris Hipkins trod, Hipkins, Jacinda Ardern, , Robert Ayson, “ Hipkins, Nanaia Mahuta, Xi Jinping, University's Ayson, David Capie, Derek J, Grossman, Biden, Lucy Craymer, Lincoln Organizations: WELLINGTON, Zealand, Labour, Victoria University, Labour Party, Centre, Strategic Studies, National, Green, RAND Corp, Wellington, , Thomson Locations: China, Xinjiang, Zealand, Australia, U.S, Britain, Canada, Hong Kong, Pacific, Taiwan Strait, Beijing, Hipkins, New Zealand, Auckland, United States, India, Russia, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe UK wants to be a strong voice for free trade, Deputy PM Dowden saysU.K. Deputy Prime Minister Oliver Dowden says it is "essential" that the U.K. engages with countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and called for collaboration so "we can build the prosperity for the next generation."
Persons: Dowden, Oliver Dowden Organizations: Trans, Pacific Partnership
The Supreme Court’s rejection on Friday of President Biden’s student debt relief plan instantly unravels one of the president’s signature efforts and ratchets up the pressure on him to find a new way to make good on a promise to a key constituency as the 2024 presidential campaign gets underway. When Mr. Biden announced last summer that his government would forgive up to $20,000 in federal student loan debt, student advocacy groups and many progressives cheered the move, which was projected to help 40 million people and cost $400 billion. “People can start finally to climb out from under that mountain of debt,” Mr. Biden said. His plan, which came after months of agonizing about who it would benefit and whether it was too costly, would have been a centerpiece of his argument to voters that his economic agenda is designed to help low- and middle-income Americans blaze a path to greater prosperity. Instead, a majority of the justices agreed with critics who said the president’s debt relief plan went beyond the president’s authority under congressional legislation allowing changes to student loans during a public emergency.
Persons: Biden’s, Biden, Mr
It was unclear what proportion of the $70 million raised by Americans for Prosperity Action, the Koch network super PAC, will go directly to tackling Trump. News of the $70 million raised was first reported by the New York Times on Thursday. The Koch-backed network of political organizations was founded by Charles and his brother David Koch, who died in 2019. The Koch network has yet to back a candidate, but has joined other big Republican donors in scrambling to try to defeat Trump. The Koch network intends to make an endorsement before the Iowa caucus in early 2024, the AFP official said.
Persons: Charles Koch, Donald Trump, Koch, Joe Biden, Trump's, The Koch, Charles, David Koch, Ron DeSantis, Trump, Biden, DeSantis, Steven Cheung, Alexandra Ulmer, Ross Colvin, David Gregorio Our Organizations: Republican, Koch Industries, Prosperity, Koch, Trump, New York Times, AFP, Reuters, Thomson Locations: Florida, Iowa
The political network established by the conservative industrialists Charles and David Koch has raised more than $70 million for political races as it looks to help Republicans move past Donald J. Trump, according to an official with the group. With some of this large sum to start, the network, Americans for Prosperity Action, plans to throw its weight into the G.O.P. The network spent nearly $500 million supporting Republican candidates and conservative policies in the 2020 election cycle alone. Two groups closely affiliated with Charles Koch contributed $50 million of the more than $70 million that has been raised. Mr. Koch is a major shareholder in Koch Industries, which contributed $25 million to Americans for Prosperity Action, according to a preliminary draft of Federal Election Commission filings.
Persons: Charles, David Koch, Donald J, Trump, Charles Koch, Koch, Emily Seidel, Organizations: Prosperity, Koch Industries, Republican
The misery index is a crude but effective way to measure the health of the economy. And that misery index number doesn’t even begin to capture the strength of the American economy right now. There are a zillion positive indicators right now, as the folks in the administration will be quick to tell you. In the four years of Donald Trump’s administration, spending on manufacturing facilities grew by 5 percent. During the first two years of Biden’s administration, such investment more than doubled and about 800,000 manufacturing jobs were created.
Persons: you’re, Ronald Reagan, George W, Bush, Barack Obama, Joe Biden, Biden, Donald Trump’s Organizations: Conference Board Locations: U.S
The U.S. president will attempt to re-introduce his vision of middle-class American prosperity during a speech in Chicago. The philosophy includes taxing the wealthy to invest in areas critical to national security, including semiconductors; educating workers; and improving economic competition, according to aides who previewed the speech for reporters. Trump has made inflation a key element of his attacks on Biden in the early months of the race. "Americans are worse off under Biden," said Republican National Committee chairwoman Ronna McDaniel in a statement. Biden, 80, is also expected to attend a fundraising event while he is in the Chicago area ahead of a deadline for federal fundraising records.
Persons: Joe Biden, Biden, Ronald Reagan, Lael Brainard, Donald Trump, Trump, Ronna McDaniel, Trevor Hunnicutt, Jamie Freed Organizations: U.S, Reuters, Biden, Federal Reserve, Democratic, Republican, Biden's, Economic, Nielsen, Republican National, Thomson Locations: Chicago, U.S
"We've seen more cracks emerge in the Russian facade," Blinken told NBC's "Meet the Press" programme on Sunday. It was unclear if his visit to Russia's strongest ally was precipitated by the Wagner mutiny. It vouched support for Russia's efforts to maintain national stability, referring to the tension as Russia's "internal affairs". Biden and Trudeau both expressed support of Ukraine as it pursues a counteroffensive to recover territory seized by Russia, according to official statements. Giving its daily morning roundup on Monday, the General Staff of Ukraine’s Armed Forces said Russian forces had conducted unsuccessful operations around Bakhmut.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Alexander Lukashenko, Sergei Shoigu, Putin, groping, Antony Blinken, Blinken, NBC's, Andrei Rudenko, Volodymyr Zelenskiy, Joe Biden, Justin Trudeau, Biden, Trudeau, Zelenskiy, Lukashenko, Antonio Tajani, Dmitry Peskov, Prigozhin, Hanna Maliar, Serhiy Nayev, ” Nayev, Simon Cameron, Moore, Lincoln Organizations: Wagner Group, Defence, Press, Russia's, Russian Federation, U.S, Canadian, Twitter, Russia's Security, Defence Ministry, Russia's TASS, RIA, Staff of Ukraine’s Armed Forces, Russian, Ukraine's Joint Forces, Reuters, Thomson Locations: Russia, Ukraine, Moscow, Russian, Rostov, Belarus, Beijing, China, Bolshevik, Lyman, Donetsk, Bakhmut
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