Independent thinking for complex markets and current events
The U.S. House Energy and Commerce committee on Thursday unanimously approved legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban. The 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users, which had stalled over the …
via businessinsider: “China held its annual Central Economic Work Conference, or CEWC, on Monday and Tuesday. It was attended by all of the country’s top leaders, including President Xi Jinping and Premier Li Qiang. A document released after the conference sets the agenda for China’s economy — the second-largest economy in the world — for …
An IRS crackdown on wealthy taxpayers has now brought in $160 Million in back taxes. The IRS also estimates that hundreds of billions more could be raised by enhanced audits of high-earners and corporations. The IRS is sending a message to wealthy taxpayers who may be tempted to engage in tax evasion. Do you think …
As part of President Biden’s gun control agenda and a bipartisan gun safety law passed in 2022, the Department of Justice proposed new rules Thursday to crack down on unregulated firearm sales. The new regulations at the Bureau of Alcohol, Tobacco, Firearms and Explosives would clarify the language required for licensed gun sales and when …
In a surprise move which is sure to be widely condemned as brazen and massive overreach stomping on free speech, the French government of Emmanuel Macron has just announced it is banning pro-Palestinian protests. Paris says it’s necessary to maintain national security and prevent anti-semitic attacks. Interior Minister Gerald Darmanin announced Thursday in a letter …
via Skynews: The Online Safety Bill has passed its last parliamentary hurdle in the House of Lords, meaning it will finally become law after years of delay. The flagship piece of legislation will force social media firms to remove illegal content and protect users, especially children, from material which is legal but harmful. The idea …
Guest Post by Michael Shellenberger via public.substack.com The leaders of nations, representatives of international organizations, and philanthropists say they are committed to creating free and open societies. Meta CEO Mark Zuckerberg says Facebook has independent fact-checkers, is open to all perspectives, and doesn’t interfere in elections. And, in response to questions from a colleague at …
US set to unveil long-awaited crackdown on real estate money laundering https://t.co/Vsay98aguV pic.twitter.com/iVFzrljRYU — Reuters Politics (@ReutersPolitics) August 10, 2023 https://www.reuters.com/world/us/us-set-unveil-long-awaited-crackdown-real-estate-money-laundering-2023-08-10/?taid=64d4d859b029ae0001cf03d1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter US Treasury to Slam Shut Loophole Enabling Anonymous Luxury-Home Purchases https://t.co/hv0GSYZK3f via @parallelfacts — Parallel Facts (@ParallelFacts) August 10, 2023