Shutdown and Trade Wars Affect Global Economy

Business, government, and non-profit leaders gathered at the World Economic Forum in Davos, Switzerland are concerned about a host of issues. Yet, most of them are primarily concerned with the lack of global growth. The slowdown is most evident in countries like China and Germany affected by US trade tariffs. China’s economy, the second biggestRead More

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U.S. Forms International Coalition to Indict Chinese Commercial Hackers

On Thursday, America was joined by four close allies—Britain, Australia, Canada and New Zealand—in its condemnation of China’s spying activates over the last twelve years. According to their statement, China has been launching cyber-attack campaigns to obtain classified information regarding trade and technologies from companies based in twelve countries. Such activities constituted a violation ofRead More

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Corporate America Achieves $1 Trillion in Stock Buybacks

Last week, Lowe’s and AbbVie revealed $34.4 billion in buybacks to please shareholders. This hiked up repurchase announcements over $1 trillion, beating the previous record $781 billion from 2015. On Monday, Johnson & Johnson declared a buyback of $5 million. Steady economic growth and the corporate tax law from last year led to the record-settingRead More

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The Skinny on Taxing Texts in California

The California Public Utilities Commission proposed the tax bill on texts as financial assistance of sorts to help low-income California residents access telecommunications services. Money from the tax will be reallocated to multiple programs like 911 services and assistive equipment for deaf users. This proposal is to make up for a former state tax onRead More

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China Grows Angry Towards the U.S. Over the Arrest of Huawei CFO

The arrest of a high-profile business executive has put a strain on the already deteriorating China-U.S. relations. Wanzhou Meng, 46, is not only the chief financial officer of Huawei—one of the biggest tech companies in China—but also the daughter of its founder. On December 1st, Meng was arrested during a trip from Hong Kong toRead More

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Cohen Pleads Guilty to Fresh Charges and Promises to Work with Mueller on Russian Probe

On November 29th, Michael Cohen, President Trump’s former lawyer, pleaded guilty to new charges that he lied about a real-estate deal involving Trump and the Russians back in 2016. In August, Cohen already pleaded guilty to eight federal charges. The main allegation concerned his payments to two women at Trump’s direction in order to silenceRead More

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What Awaits the Marriott Data Breach?

The Marriott data breach affected up to 500 million clients. Millions of people could have their identities stolen and fraudulent accounts opened in their name. The breach has Rep. Jamie Raskin (D-Md.), among other political figures, involved in trying to figure out what exactly happened. Rep. Raskin, as a representative of the district in whichRead More

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Fire Alert Led Authorities to an Illegal Gambling Room in a Church

First responders, notified of an electrical fire, rushed to a church in Houston. Instead of a fire, they found a large game room full of illegal gambling machines. On Friday, November 23, four people were found stuck inside a backroom at Word of Life Church on 403 Turney Drive. The caller who reported the fireRead More

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Michael Avenatti Arrested on Suspicion of Domestic Violence

Michael Avenatti, the lawyer for adult film actress Stormy Daniels, was arrested on Wednesday in Los Angeles on suspicions of domestic violence against his “estranged” wife. Avenatii has become a celebrity figure for his representation of Stormy Daniels. The American people increasingly associate him with combative arguments against Trump on Twitter and during interviews. EvenRead More

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Residents Upset about Amazon HQ2 in Virginia and New York

Amazon announced on Tuesday that the company had chosen New York’s Long Island City and Northern Virginia’s Crystal City as the locations for its secondary headquarters. “We are excited to build new headquarters in New York City and Northern Virginia,” Founder and CEO Jeffrey Bezos issued a statement. “These two locations will allow us toRead More

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