Why China Is Suddenly Obsessed With American Poverty
State media, embracing the gaming phrase “kill line,” is asserting China’s political superiority over the United States, deflecting focus on China’s own economic challenges. Source link
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Labor Secretary’s Aides Placed on Leave in Misconduct Investigation
The Labor Department is investigating a complaint alleging misconduct by Secretary Lori Chavez-DeRemer. Source link
Trump’s Feel-My-Pain Economic Message
The president appears skeptical about Americans’ concerns. How will voters respond? Source link
Top Fed Official Conveys Little Urgency for Immediate Rate Cuts
The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump. Source link
Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies
The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests. Source link
What to Know About the Criminal Investigation of Fed Chair Jerome Powell
The Justice Department’s probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank’s headquarters has raised alarms. Source link
David Mitchell, Who Led Fight on Drug Prices, Dies at 75
After receiving a diagnosis of terminal cancer, he used his experience in public relations to draw attention to the skyrocketing cost of medication. Source link
Paramount Threatens Board Fight Over Warner Bros. Discovery
The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros. Source link
Trump Administration Nears Trade Deal With Taiwan
The Trump administration is completing a trade deal with Taiwan that would reduce tariffs on the island’s exports and commit its largest chipmaker, Taiwan Semiconductor Manufacturing Corporation, to invest significantly more in the United States, according to three people familiar with the matter. The agreement, which has been under negotiation for months, is being legally…
Fed Changes Course and Takes On Trump’s Political Fight
The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates. Source link