ECONOMY

China’s Displeasure With a Bookseller Follows Him to Florida

China’s Displeasure With a Bookseller Follows Him to Florida

ORLANDO, Fla.—Yu Miao built Shanghai’s Jifeng Bookstore into a bastion of liberal thought, until it became a prime target in Chinese leader Xi Jinping’s assault on free speech. Yu has followed him to Florida, where he moved his family after the authorities effectively forced the bookshop out of business in 2018. Now, even in the …

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Usain Bolt Fires Business Manager After  Million Goes Missing In Alleged Fraud Case

Usain Bolt Fires Business Manager After $12 Million Goes Missing In Alleged Fraud Case

SAN JUAN, Puerto Rico (AP) — Jamaican sprinter Usain Bolt told reporters Friday that he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago. Bolt also said he has …

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What Railroads Are Saying About the Economy in 2023

What Railroads Are Saying About the Economy in 2023

Text size A CSX train in La Grange, Kentucky, on Jan. 13. Luke Sharrett/Bloomberg Freight rail stocks seemed a potentially safe place for investors who wanted to avoid trouble from the economy’s slowdown. Those hopes were derailed this week as railroads reported pinched earnings and worrisome outlooks. While the S&P 500 index rose about 2.5% …

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The Fed’s Inflation Fight – Bloomberg Markets and Finance

The Fed’s Inflation Fight – Bloomberg Markets and Finance

The Fed’s Inflation Fight Bloomberg Markets and FinanceFormer Fed Governor Robert Heller on Why Rate Hikes Need to Stop Now Barron’sThe Federal Reserve Likes to Keep Inflation at 2%. But Will We Ever Get Back There? The Motley FoolThe Federal Reserve Needs to Pause Raising Interest Rates 19FortyFiveThe Fed’s Interest-Rate Hikes Seem to Be Working. …

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Social Security Has an Immigration Problem — and It’s Getting Worse

Social Security Has an Immigration Problem — and It’s Getting Worse

If the past dictates the future, between 80% and 90% of today’s US workforce is going to be reliant, in some capacity, on Social Security income when they retire. This 80% to 90% range reflects the percentage of retirees leaning on Social Security as a “major” or “minor” source of income across 20 years of …

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Russia faces new sanctions on its energy exports

Russia faces new sanctions on its energy exports

Russian President Vladimir Putin and Chinese President Xi Jinping.Photo by ALEXEI DRUZHININ/Sputnik/AFP via Getty ImagesThe European Union’s upcoming ban on Russian oil products could spell more turmoil for the Kremlin.China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That’s in …

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