politics

Why Beijing is cheering on the US debt ceiling fight

The US Capitol Building is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | GettyImages The contours of divided government in Washington are now clear: The main point of contention is the looming debt ceiling deadline, and the main area of ​​agreement is addressing systemic competition with Communist China. While they can seem …

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Apple, Google urged to boot TikTok from app stores: Democratic senator

Senator Michael Bennet (D-CO) speaks on a mobile phone after a vote the day after the shooting at Robb Elementary School in Uvalde, Texas, on Capitol Hill in Washington, May 25, 2022. Joshua Roberts | Reuters Sen. Michael Bennet, D-Colo., urged the CEOs of apple and Google to remove TikTok from their mobile app stores …

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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

A passageway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …

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Biden’s IRA has left Europe blind-sided. And playing catch could lead to 2 big mistakes

US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission. Bloomberg | Bloomberg | GettyImages The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. But it’ll face two key issues in the process. The EU had, for a long …

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Why America Should Ban Crypto

The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …

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Dolly Parton bought 80,000 copies of Patrick Henry High grad’s book

The last time I wrote about author, actress and playwright Sybil Rosen, she was visiting Roanoke from her home in rural Georgia. The Patrick Henry High grad (Class of ’68) was here to perform a one-character play, “The Belle of Amherst,” at Center in the Square. Rosen wrote it about the famous American poet, Emily …

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Potential US ban investment on Chinese tech could hurt these sectors

The Biden Administration has said the US is in competition with China and restricted the ability of American businesses to sell high-end chip tech to China. Bloomberg | Bloomberg | GettyImages BEIJING — a ban on US investment in Chinese tech could drive up market volatility — but some sectors may escape untouched, Bank of …

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White House to tap Lael Brainard, Jared Bernstein as top economic advisors

Lael Brainard, vice chair of the US Federal Reserve, prior to taking the oath of office during a ceremony in Washington, DC, on Monday, May 23, 2022. Al Drago | Bloomberg | GettyImages The White House will likely appoint Federal Reserve Vice Chair Lael Brainard to run the National Economic Council and Jared Bernstein to …

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