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Persons: It's, —, Kristine Stevenson Seale, Seale, Mark Luscombe Organizations: Service, CPA, Wolters Kluwer, Accounting, NEC, IRS, Insurance Locations: Austin , Texas

☆ The U.S. economy is extremely resilient, says economist Betsey Stevenson
▼ + stars: | 2023-10-20 | 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 EmailThe U.S. economy is extremely resilient, says economist Betsey StevensonJoseph LaVorgna, SMBC Nikko Securities America chief economist, and Betsey Stevenson, professor of economics at the University of Michigan, join 'Squawk on the Street' to discuss where the Federal Reserve goes from here, their thoughts on the overall economy, and more.

Persons: Betsey Stevenson Joseph LaVorgna, Betsey Stevenson Organizations: Nikko Securities America, University of Michigan, Federal

☆ Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list
▼ + stars: | 2023-10-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. in Costa Mesa, California139 North Grand Ave. in Covina, California20572 Homestead Road in Cupertino, California24829 Del Pradoin Dana Point, California7859 Firestone Blvd. in Yorba Linda, California25906 Newport Road in Menifee, California1600 North Main St. in Meridian, Idaho5808 Ritchie Hwy. in Mill Creek, Washington601 South Grady Way in Renton, Washington2707 Rainier Ave. in South Seattle, Washington– CNN’s David Goldman contributed to this story

Persons: Del, Dana, Glen, Ephraim Ave, Arnold St, Nicholas Ave, Reed, Washington – CNN’s David Goldman Organizations: New, New York CNN — Rite, Real Estate Partners, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, SEC Alabama, Valley, Firestone, Alvarado St, Fulton, Yorba, Bel Air, Pulaski, Garfield, Main St, Clinton St, Michigan, Whittemore St, Hamilton St, Sunrise, Elmwood, New Carlisle , Ohio Euclid, Gettysburg, Medford, 9th St, Liberty, Eisenhower, Stevenson, 5th St, Reed St, Oxford, 63rd, Brighton, East Central, St, Evergreen, Grady Locations: New York, California, Maryland, Michigan, New Jersey, Ohio, Oregon, Pennsylvania, Washington, Alabama, Idaho, Pike, Monroeville , Alabama, Alhambra , California, Bellevue, Atwater , California, Costa Mesa , California, Covina , California, Cupertino , California, Dana Point , California, Downey , California, Irvine , California, La Mirada , California, Laguna Niguel , California, South Centinela, Los Angeles , California, Alvarado, Monterey , California, St, Ramona , California, Fulton Ave, Sacramento , California, Santa Cruz , California, Yorba Linda , California, Menifee , California, Main St, Meridian , Idaho, Baltimore , Maryland, Bel Air , Maryland, Elkton , Maryland, Glen Burnie , Maryland, Gratiot, Clinton Township , Michigan, Detroit , Michigan, Farmington Hills , Michigan, Fremont , Michigan, Clinton, Grand Ledge , Michigan, Jackson , Michigan, Macomb , Michigan, U.S, Manistee , Michigan, Redford , Michigan, Shelby Township , Michigan, St . Johns , Michigan, Centerville, Sturgis , Michigan, Taylor , Michigan, Wixom , Michigan, Berlin , New Hampshire Grove St, Peterborough , New Hampshire, Browns Mills , New Jersey, Camden , New Jersey, Lumberton , New Jersey, Bridgeton Pike, Mantua , New Jersey, Mullica Hill , New Jersey, Edinburg, Robbinsville , New Jersey, Hamilton, Somerset , New Jersey, Williamstown , New Jersey, Bay Shore , New York, Buffalo , New York, Copiague , New York, East Northport , New York, Floral, , New York, Jamaica , New York, Elmwood Ave, Kenmore , New York, Hempstead, Levittown , New York, Patchogue, Yaphank, Medford , New York, New York , New York, Port Jefferson , New York, Sayville , New York, Smithtown , New York, West Patchogue , New York, New Carlisle , Ohio, Strathmore, East Cleveland , Ohio, Dayton , Ohio, Cleveland , Ohio, Medford , Oregon, Cully, Portland , Oregon, 9th, Chester , Pennsylvania, Coraopolis , Pennsylvania, Erie , Pennsylvania, Greensburg , Pennsylvania, Hanover , Pennsylvania, New Castle , Pennsylvania, New Kensington , Pennsylvania, Pennsburg , Pennsylvania, 5th, Philadelphia , Pennsylvania, Venango St, 63rd St, Pottsville , Pennsylvania, Rochester , Pennsylvania, East Central Ave, Titusville , Pennsylvania, White Haven , Pennsylvania, Bellevue , Washington, Bellingham , Washington, Blaine , Washington, Covington , Washington, Everett , Washington, Lynnwood , Washington, Mill Creek, Renton , Washington, Rainier, South Seattle

☆ Rite Aid is planning to close about 150 locations. See if your local store is on the list.
▼ + stars: | 2023-10-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +9 min

Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. Rite Aid is the smallest of the three major drugstore chains, well behind CVS and Walgreens. Rite Aid was expected to close stores as part of its bankruptcy. Rite Aid told Insider that it considers a variety of factors when deciding to close a store, "including business strategy, lease and rent considerations, local business conditions and viability, and store performance." "We will also strive to transfer associates to other Rite Aid locations where possible," the company said.

Persons: —, Glen, Taylor, Daniel Webster, Merrick, William Penn, Redmond, Lacey Organizations: CVS, Walgreens, Service, Pennsylvania . Rite Aid, Wall Street Journal, Rite Aid, Rite, Crenshaw, Hollywood Way, San, Niguel, Yorba, Santa, Thompson Boulevard, Ventura, Atwater, Overland, Meridian, Main, Bel, Bel Air South, Park, Main Street, Lafayette, Garfield, Garden, Ford, Flint, Farmington, Whittemore Street, New Jersey :, Marshall, Bridgeton Pike, Whiting, Pike, Huntington, Jericho Turnpike, Jeff, North Street, Cesar, Chavez, Pennsylvania, Stevenson, Bethel, Union, Allentown, Fourth Street, Fifth, Washington Lane, Street, Central Avenue, Grady, Everett Locations: California, New York, Pennsylvania, Los Angeles, Rock, Centinela, Downey, Beach, Burbank, Hollywood Way Covina, Puente, Alhambra, Oceanside, San Diego, Yorba Linda, Santa Ana, Thompson, Thompson Boulevard Oxnard, Cupertino, Santa Clara, Cruz, Bellevue, Sacramento, Boulevard Ontario, Irvine, Monterey, Alvarado Street Connecticut, Bethel, Greenwood, Delaware, Newark, Hill, Wilmington, Idaho, Boise, Maryland, Elkton, Pulaski, Baltimore, Glen Burnie, Baltimore Annapolis Boulevard Massachusetts, Webster, Main Street Michigan, Fremont, Greenville, Clinton, Macomb, Sturgis, Centerville, Clinton Township, Gratiot, Shelby Township, Dyke, Jackson, Michigan, Manistee, Garden City, North, Detroit, Farmington Hills, St, Johns, Whittemore Street Lansing, Hampshire, Merrimack, New Jersey, New Jersey : West Milford, Mantua, Bridgeton, Irvington, Somerset, Williamstown, Pike New York, Brooklyn, Shore, Merrick, East Northport, Jericho, Jericho Turnpike Medford, Patchogue, West Patchogue, Kenmore, Rochester, Flushing, Levittown, Ohio, Massillon, East New Carlisle, Dayton, Youngstown, Springfield, North Street Bellefontaine, Oregon, Portland, Kensington, Brighton, Bethel Park, Pittsburgh, Greensburg, Bethlehem, Fourth Street Philadelphia, Venango, Washington, Conshohocken, Hanover, Mechanicsburg, Erie, Abington, York, Johnstown, Ardmore, Lancaster, Pittston, Wyoming, Yardley, Chester, Street Titusville, Central Avenue Virginia, Chesapeake, Pleasant, Seattle, Graham, Renton

☆ Want to retire in 5 years? Here’s how to invest for it, according to the pros
▼ + stars: | 2023-10-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

So, what are the best investment strategies if you are looking to retire in around five years' time? This calls for a much higher exposure to riskier assets like stocks, says Stevenson. Stock/bond/cash split When deciding how to plan assets across stocks, bonds and cash, the pros say an appropriate balance between short-term stability and long-term growth potential is key. For someone in their 50s looking to retire soon, Ward suggests allocating 65%-85% of their assets to stocks and the remaining 15%-35% in bonds. Bullish on Japan, tech plays Within each asset allocation, the importance of diversification should not be overlooked, according to the pros.

Persons: Tom Stevenson, Stevenson, Thomas Poullaouec, Rowe Price, Laith Khalaf, AJ Bell, Fidelity's Stevenson, Fidelity's Stevenson reckons, Judith Ward, Ward, Poullaouec Organizations: Fidelity International Locations: Bullish, Japan, China, Europe

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ Forget the U.S: Pros say another top market looks cheap and offers the 'best' opportunities
▼ + stars: | 2023-10-09 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."

Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S

Many of the GOP presidential candidates say they would carry out potential acts of war against Mexico in response to the trafficking of fentanyl and other synthetic opioids. Mexican President Andres Manuel López Obrador repeatedly denies his country is producing the synthetic opioid despite enormous evidence to the contrary. Border agents seized nearly 13 tons (12,000 kilograms) of fentanyl at the U.S.-Mexico border between September 2022 and August, according to U.S. Customs and Border Protection. "As commander in chief, I’m going to use the U.S. military to go after the Mexican drug cartels,” said DeSantis, the Florida governor. Lopez Obrador took office in December 2018 campaigning with a motto of “hugs, not bullets,” and for four years has shredded his predecessors’ prosecution of the drug war.

Persons: Ron DeSantis, Nikki Haley, Vivek Ramaswamy, ” Donald Trump, You’ve, you’ve, ”, Arturo Sarukhan, “, Andrea Thomas ’, Thomas, Joe Biden's, Andres Manuel López Obrador, I’m, DeSantis, James Mandryck, Lopez Obrador, Xóchitl Gálvez, James K, Polk, Woodrow Wilson, Pancho Villa, Trump, Tony Payan, Elliot Spagat, Mark Stevenson Organizations: MIAMI, Republican, GOP, U.S . Customs, U.S . Commission, Univision, Drug Enforcement Administration, Trump, Biden, U.S ., Center, Rice, Baker Institute for Public, Associated Press Locations: U.S, Mexico, United States, Washington, Junction , Colorado, Mexican, Florida, China, Sinaloa, Latin America, Texas, California , Nevada , Utah, New Mexico, Arizona, Colorado, Oklahoma , Kansas, Wyoming, Veracruz, Columbus , New Mexico, San Diego, Mexico City

☆ Eighth-inning rally lifts Twins over Athletics
▼ + stars: | 2023-09-28 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/34] Sep 27, 2023; Minneapolis, Minnesota, USA; Minnesota Twins starting pitcher Pablo Lopez (49) pitches against the Oakland Athletics in the first inning at Target Field. Edouard Julien and Ryan Jeffers homered, Max Kepler went 4-for-4 and Willi Castro and Christian Vazquez both had two hits for the Twins and Jeffers had three RBIs for the American League Central champion Twins (85-73). Kepler hit a one-out single, knocking out Estes. Kepler led off with a single and pinch runner Andrew Stevenson then scored on Larnach's pinch double off the right field wall. Larnach advanced to third on a wild pitch and scored on a sacrifice fly by Jeffers.

Persons: Pablo Lopez, Brad Rempel, Trevor Larnach, Edouard Julien, Ryan Jeffers, Max Kepler, Willi Castro, Christian Vazquez, Jeffers, Dallas Keuchel, Griffin Jax, Zack Gelof, Brent Rooker, Lawrence Butler, Nick Allen, Dany Jimenez, Julien, Joey Estes, Castro, Kyle Farmer, Butler, Seth Brown, Oakland, Aledmys Diaz, Rooker, Ryan Noda, Diaz, Caleb Thielbar, Kepler, Estes, Jeffers socked, Kyle Muller, Andrew Stevenson Organizations: Minnesota Twins, Oakland Athletics, Oakland A's, Twins, American League Central, Minnesota, Dallas, Oakland, American League, The Twins, Thomson Locations: Minneapolis , Minnesota, USA, Minneapolis, Oakland, Butler, Caleb Thielbar . Minnesota

KANSAS CITY, Mo. (AP) — Patrick Mahomes threw for 272 yards and three touchdowns, Travis Kelce hauled in one of them to the delight of Taylor Swift, and the Kansas City Chiefs blew out the inept Chicago Bears 41-10 on Sunday. When the Bears punted a third consecutive time, Mahomes hit McKinnon again to extend the lead, and Kansas City proceeded to score on its next four possessions. STATS AND STREAKSThe Bears have not won in Kansas City since Week 5 of the 2015 season. ... Kelce needs three more TD catches to pass Tony Gonzalez (76) for second in Chiefs history.

Persons: — Patrick Mahomes, Travis Kelce, Taylor Swift, Jerick McKinnon, Isiah Pacheco, Clyde Edwards, Helaire, Kelce, Swift, Donna Kelce, Justin Fields, Alan Williams, Fields, Matt Eberflus, Andy Reid, Edwards, Mahomes, McKinnon, Mike Edwards, Harrison Butker, Reid, Tom Landry, Aaron Rodgers, Tony Gonzalez, Eddie Jackson, Josh Blackwell, Tyrique Stevenson, Jaquan Brisker, Jaylon Johnson, ___ Organizations: KANSAS CITY, Kansas City Chiefs, Chicago Bears, Super Bowl, Chiefs, Bears, Tampa, Indianapolis Colts, The Chiefs, Kansas, 271st, of Fame, Denver Broncos, Sunday, New York Jets Locations: KANSAS, Mo, Chicago, Tampa Bay, McKinnon, Kansas, Kansas City

☆ Opinion | The U.S. Is Pulling Back From China. How Far Is Too Far?
▼ + stars: | 2023-09-23 | by ( The Editorial Board | ) www.nytimes.com time to read: +3 min

Many Americans, even once-ardent proponents of globalization, have soured on trade with China. But there is a growing danger that as the United States tries to address its difficulties with China, it will pull back too far, severing economic ties that benefit American families and contribute to global peace and prosperity. Soybean farmers in the Upper Midwest sold a record $16.4 billion of their beans to China, mostly for pig feed. Hundreds of millions of Chinese have come out of poverty thanks to global trade, and have become consumers of U.S. goods and services. Amid the harsh talk, the dollar value of American trade with China — Americans buying Chinese products and the Chinese buying American products — rose to a record in 2022.

Persons: flagrantly, Ukraine —, Mike Gallagher, ”, Jon Mills, Alexandra Stevenson Organizations: United States, Wisconsin Republican, Strategic, Chinese Communist Party, The Washington Post, Intel, Cummins, China — Locations: China, United, United States, Ukraine, Washington, The, Upper Midwest, America, U.S, Indiana

After two years in detention, a Chinese journalist who spoke up against sexual harassment stood trial on subversion charges on Friday along with a labor rights activist, the latest example of Beijing’s intensified crackdown on civil society. Huang Xueqin, an independent journalist who was once a prominent voice in China’s #MeToo movement, and her friend Wang Jianbing, the activist, were taken away by the police in September 2021 and later charged with inciting subversion of state power. Their trial was held at the Guangzhou Intermediate People’s Court in southern China. Little is known about the government’s case, but the vaguely worded offense with which the two were charged has long been seen as a tool for muzzling dissent. A steady stream of activists, lawyers, tycoons and intellectuals have been put on trial and sentenced.

Persons: Beijing’s, Huang Xueqin, Wang Jianbing, Xi Jinping, Huang Organizations: People’s, Communist Party, Human Rights Locations: Chinese, Guangzhou, China

☆ Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.
▼ + stars: | 2023-09-21 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: 1 min

Isolated from the world and pulled closer into Beijing’s orbit over the past three years, Hong Kong is finding that its fortunes are tied more than ever to China. The city’s stock market, which is seen as a proxy for China’s economy, is among the world’s worst performing this year. The rivers of money that flowed into companies, minting new wealth, have slowed to a trickle. To counter this sentiment, officials are making a big push for investors overseas, with trips to Europe and the United States. Paul Chan, the city’s finance chief, is visiting Paris and London this week and will then travel to Berlin and Frankfurt before moving on to the United States.

Persons: Paul Chan Locations: Hong Kong, China, Europe, United States, Paris, London, Berlin, Frankfurt

☆ Xi's economic policies are leaving many China watchers perplexed and confused
▼ + stars: | 2023-09-20 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +8 min

Why is a nation with ambitions to become the dominant economic power in the world doing so many things to blunt that potential? Xi vs. the CCPMost, though not all, China watchers point to Xi himself as the instigator of those recent changes. "China's private sector, previously the growth engine of the Chinese economy, is paying the consequences," he told CNBC. In addition, he said "in recent months, China's National Development and Reform Commission has set up a bureau especially for private sector development." They cite external factors for weakness in the Chinese economy, including U.S. tariffs, trade restrictions, sanctions, and the sluggish post-pandemic global economy.

Persons: Xi Jinping, Lintao Zhang, Orville Schell, Schell, Jinping, Yasheng Huang, Xi, Ryan Hass, Kevin Rudd, Rudd, Anne Stevenson, Yang, Stevenson, Jack Ma, Mikhail Gorbachev, Liu Pengu, Yang Fan, Zhang Xinyu, Liza Tobin, Eric Schmidt Organizations: Political, CPC Central Committee, of People, Getty, Center, U.S, China Relations, The Asia Society, CNBC, Chinese Communist Party, Communist, MIT Sloan School, CCP, China Center, Brookings, Foreign Policy, Oxford University, J Capital Research, Communist Party, Party, U.S ., Soviet Union, National, Reform, Marxist Locations: Beijing, China, New York, U.S, Australia, United States, U.S . Congress, USSR, Soviet Union

American companies doing business in China are less optimistic about the future than at any other time in more than two decades. These are some of the takeaways from reports released Tuesday by organizations representing close to 2,000 European and American firms. The papers by the American Chamber of Commerce in Shanghai and the European Union Chamber of Commerce in China portray a business environment that has become more difficult to navigate. Nearly two-thirds of European companies in China have seen business opportunities thwarted by China’s ever more complex web of regulations. The reports also make clear that despite the troublesome landscape, China remains an enticing lure for Western corporations.

Persons: China’s Organizations: American Chamber of Commerce, European Union Chamber of Commerce, Companies Locations: China, Shanghai, Beijing

☆ Sarah Everard: London Met police pay "substantial damages" and apolgize to women held at vigil
▼ + stars: | 2023-09-14 | by ( Sharon Braithwaite | ) edition.cnn.com time to read: +4 min

CNN —Two women who were arrested while attending a Sarah Everard vigil in London in 2021 have been paid damages and received an apology from the Metropolitan Police. A lawyer’s statement on Thursday confirmed that the London police force had apologized and agreed to pay “substantial” damages to the women, Patsy Stevenson and Dania Al-Obeid. “Together with making payments of substantial damages to Dania Al-Obeid and Patsy Stevenson, the MPS has issued an apology,” the statement by law firm Bindmans LLP reads. Police detain Patsy Stevenson at the 2021 vigil on London's Clapham Common. Hannah McKay/Reuters‘Tiring and difficult’ processIn a statement published by Bindmans LLP, Patsy Stevenson said the process had been a “tiring and difficult” one.

Persons: Sarah Everard, Patsy Stevenson, Dania, Everard, Stevenson, Bindmans, ‘, ”, Patsy, Hannah McKay, it’s, ” Stevenson, “ I’m, Obeid, Dylan Martinez, “, ” “ Organizations: CNN, Metropolitan Police, London police, Met, MPS, Metropolitan Police Service, Reuters, Bindmans LLP, Met Police Locations: London, Clapham Common, Clapham

☆ London police apologise and pay compensation to women held at vigil
▼ + stars: | 2023-09-13 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

Police detain Patsy Stevenson as people gather at a memorial site in London's Clapham Common park following the kidnap-murder of Sarah Everard, in London, Britain, March 13, 2021. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Sept 14 (Reuters) - London's police force has apologised and paid "substantial damages" to two women detained at a vigil held in memory of Sarah Everard who was raped and murdered by a serving officer, their lawyers said on Thursday. Bindmans, the law firm who represented women, said in a statement the Metropolitan Police had now settled civil claims brought by the women, paying them damages and issuing an apology. A spokesperson for the Metropolitan Police said the vigil had taken place in extraordinary circumstances and its officers had acted in good faith. An independent watchdog report weeks after the vigil concluded police had acted appropriately.

Persons: Patsy Stevenson, Sarah Everard, Hannah McKay, Everard, Wayne Couzens, Dania Al, Stevenson, It’s, Cressida Dick, Couzens, Michael Holden, Diane Craft Organizations: REUTERS, Clapham, Metropolitan Police, Thomson Locations: London's Clapham, London, Britain

☆ Former US SEC chair calls for companies to disclose China risk
▼ + stars: | 2023-09-12 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Jay Clayton, former chairman of the SEC, speaks during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 18, 2022. In his testimony, the former Securities and Exchange Commission (SEC) chair proposed that companies with market capitalizations above $50 billion or with China-based revenues or costs above $10 billion unveil their exposure to the world's second biggest economy. He also recommended those companies explain how their operations would be affected in the event of a disruption in U.S.-China economic ties. Clayton's views as the former SEC chair still carry weight among Washington policymakers, though he is no longer in government. If the level of risk is decreased, they will invest," he said, adding more disclosure would reduce systemic risk.

Persons: Jay Clayton, Brendan McDermid, Cromwell, Clayton, Jim Chanos, Anne Stevenson, Yang, Donald Trump's, Carolina Mandl, Michelle Price, Chizu Organizations: SEC, REUTERS, Sullivan, Big U.S, Chinese Communist Party, Wall, Securities and Exchange Commission, Thomson Locations: New York City, U.S, Big, China, Wall Street, Washington, York, New York

☆ China Is Full of Risks. So Why Can’t Corporate America Leave?
▼ + stars: | 2023-09-08 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

For decades, America’s corporate chieftains saw China as a money spinner. Western companies doing business in China are facing pressures that were unimaginable several years ago. The country’s economy is floundering and its relationship with the United States is strained. Many Western companies still see their China operations as a long-term bet, but the payoff is tempered with hazards. “There is a recognition among C.E.O.s that they need to mitigate some risks,” said Myron Brilliant, a senior counselor at Dentons Global Advisors-ASG.

Persons: ”, Myron Brilliant Organizations: Global Locations: China, United States

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ Paid Late, or Never: Painters, Builders and Realtors Hit by China’s Property Crisis
▼ + stars: | 2023-08-28 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

But a drop in sales over the past six months has pushed it to the edge and in August, it threw up its hands. Country Garden skipped two small interest payments on bonds, something that has pushed it to the edge of default. If it fails to make those payments by early September, when a grace period for the interest payments ends, it will join a long list of private companies that have defaulted. “Such apartments have run out; we can’t get them,” said Han Tao, a manager at a landscaping company that is owed $1.4 million from property developers. For Mr. Han, apartments wouldn’t have been that useful anyway; no one is buying them right now.

Persons: China Evergrande, ”, Han Tao, Han Organizations: Garden, behemoth Locations: China

We'll help you keep up by showing you where to watch "Ahsoka" episodes streaming online. Where to watch Ahsoka in the US"Ahsoka" is airing exclusively on Disney Plus in the United States. If you want to watch new "Ahsoka" episodes as soon as they're available, you'll need to sign up for Disney Plus. How to watch Ahsoka in the UKDisney Plus in the UK will also have "Ahsoka" episodes. Ahsoka episode scheduleEpisode Date Episode 1 August 22, 2023 Episode 2 August 22, 2023 Episode 3 August 29, 2023 Episode 4 September 5, 2023 Episode 5 September 12, 2023 Episode 6 September 19, 2023 Episode 7 September 26, 2023 Episode 8 October 3, 2023

Persons: Rosario Dawson, Natasha Liu Bordizzo, Sabine Wren, Ray Stevenson, Baylan, Mary Elizabeth Winstead, Hera Syndulla, Anakin Skywalker, Hayden Christensen, You'll Organizations: Disney, Lucasfilm, Disney Plus, Hulu, ESPN, US Locations: United States, Canada, South Africa, Israel, France, United Arab Emirates, Saudi Arabia, Netherlands, Italy

☆ ‘Ahsoka’ Review: Rosario Dawson Finds the Force
▼ + stars: | 2023-08-22 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +1 min

The first episode of “Ahsoka,” the new “Star Wars” mini-series on Disney+, is titled “Master and Apprentice,” because of course it is. Obi-Wan and Luke, Yoda and Luke, Obi-Wan and Anakin, Anakin and Ahsoka, the Mandalorian and the floating baby. “Star Wars” has one story and it’s sticking to it. “Ahsoka,” two of whose eight episodes were available for review (they premiere on Tuesday night), is particularly true to the time-tested narrative of fractious mentorship and surrogate parenthood. If found, he could be a danger to the nascent New Republic, which is in power after the events of the original “Star Wars” trilogy but not yet facing the existential threats it encounters in the most recent movies.

Persons: “, Wan, Luke, Yoda, Obi, ”, Ahsoka Tano, Rosario Dawson, Mandalorian protégé, Sabine Wren, Natasha Liu Bordizzo, Baylan Skoll, Ray Stevenson, Shin Hati, they’re Organizations: Disney Locations: New Republic

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