- A + A HONG KONG/BEIJING (Aug 15): China's economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output, and investment all slowed and missed economists' estimates in July. The surveyed jobless rate for those aged 16-24 climbed to 19.9%, a record high and headache for the Communist Party as it gears up for a major congress in coming months that is expected to give President Xi Jinping a precedent-defying third term in power. "July's economic data is very alarming," said Raymond Yeung, Greater China economist at Australia & New Zealand Banking Group Ltd. "Authorities need to deliver a full-fledged support from property to Covid policy in order to arrest further economic decline." The data suggest a crisis of confidence among Chinese businesses and households, adding another … [Read more...] about China shocks with rate cut as data show ‘alarming’ slowdown
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Adult-Use Cannabis Legalization Reduces Use Of Synthetic Cannabinoids, New Study Finds
Share to Twitter Share to Linkedin Harmful exposure to synthetic cannabinoids occurs less in those U.S. states where adult-use cannabis is legal, according to a new study that shows some potential public health benefits to legalizing adult-use cannabis. Researchers who published a study in the Journal of Clinical Toxicology last week found that adult-use cannabis legalization has benefits in reducing both motivations and harms associated with the use of synthetic cannabinoid products. They estimated that synthetic cannabinoids are used by 0.2–4% of the U.S. population, predominantly by young people. In order to analyze the impact of the use of synthetic cannabinoids on the U.S. population , researchers have associated 7,600 reports of exposure to synthetic cannabinoid poisoning taken from the National Poison Data System (NPDS) data from 2016 to 2019 with cannabis state cannabis laws. The findings show that exposure to synthetic cannabinoids … [Read more...] about Adult-Use Cannabis Legalization Reduces Use Of Synthetic Cannabinoids, New Study Finds
Stuttering China recovery weighs on Asian markets
Asian markets mostly rose Monday as investors cheered signs of cooling US inflation but optimism was dampened by data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. China’s central bank slashed key interest rates in a surprise move Monday as a raft of data showed weakness in the world’s second-largest economy. The figures showed China’s industrial production and retail sales growth for July came in lower than expected. Industrial production was up 3.8 percent year-on-year, but down from 3.9 percent in June and well below analysts’ forecasts. “The risk of stagflation in the world economy is rising, and the foundation for domestic economic recovery is not yet solid,” China’s National Bureau of Statistics warned. Beijing’s rigid adherence to a zero-Covid strategy has held back economic recovery as snap lockdowns and long quarantines batter business activity and a recovery in consumption. “July’s economic data is … [Read more...] about Stuttering China recovery weighs on Asian markets
Editor Daily Rundown: Vulnerable Dems Start To Sweat And Abbott Sends Illegals To Washington
BIDEN SHOULDERS THE BLAME… ‘When Will This End?’: Sen. Manchin Goes After Biden Admin Over Inflation Democratic West Virginia Sen. Joe Manchin blamed the Biden administration for record-high inflation Tuesday as the president and his staff continue to claim that it is Russian President Vladimir Putin’s fault. “Inflation is a tax and today’s historic inflation data tells another chilling story about how these taxes on Americans are completely out of control,” Manchin said in a statement. “When will this end? It is a disservice to the American people to act as if inflation is a new phenomenon,” the senator continued. “The Federal Reserve and the Administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country. Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame.” … AND THE BIRD POOP … … [Read more...] about Editor Daily Rundown: Vulnerable Dems Start To Sweat And Abbott Sends Illegals To Washington
China’s airlines could join the multibillion-dollar exit from US stock markets
- A + A HONG KONG (Aug 15): The decision by five Chinese state-owned companies to leave US stock exchanges adds to scepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, possibly followed by internet giants. China and Hong Kong are the only jurisdictions worldwide that do not allow inspections by the US Public Company Accounting Oversight Board, with Beijing officials citing national security and confidentiality concerns. With a deadline for delistings set for 2024 for those firms that are not compliant, US lawmakers are considering passing a bill to bring it forward to next year. The announcement on Aug 12 by firms including China Life Insurance Co and PetroChina Co could "soon" be followed by China Eastern Airlines Corp and China Southern Airlines Co, according to Redmond Wong, a Greater China market strategist at Saxo Bank. Shares of those … [Read more...] about China’s airlines could join the multibillion-dollar exit from US stock markets
Etoro Reviews And Forex Trading Guidelines In 2022
Etoro Reviews And Forex Trading – It would be in keeping with saying that Bitcoin has partaken in a very real blast to the extent that omnipresence goes once we are a unit discussing digital currency. This exceptionally renowned digital currency has hit among monetary backers, brokers and customers and everyone is trying to form a kill exchanging Bitcoin. • It’s such a large quantity to propose to the extent that lower charges, exchange speed and increasing esteem that may well be the justification for why the overwhelming majority decide it for his or her exchanging. • This is, however, a violent market and to become showbiz royalty you ought to be an excellent merchandiser whilst marketing and obtaining it. With devotion and discipline, you’ll be able to flip Bitcoin unpredictability in support of yourself. Here is a unit of basic nonetheless viable ways that you’ll be able to do specifically that. Stay tuned in to the foremost recent Bitcoin news News things might … [Read more...] about Etoro Reviews And Forex Trading Guidelines In 2022
New business taxes are coming. Wall Street isn’t worried
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package President Joe Biden is expected to shortly sign into law. "Business Roundtable opposes the 'Inflation Reduction Act,' which, among other things, includes tax provisions that would undermine American economic growth and competitiveness," the group said in a statement shortly before the measure was passed by the Senate. But analyses by Wall Street institutions published over the past week found that the impact on corporate earnings would likely be limited, though some sectors could be more affected than others. Breaking it down: The two provisions in focus are a 15% minimum corporate tax and a 1% tax on … [Read more...] about New business taxes are coming. Wall Street isn’t worried
House passes Democrats’ health care and climate bill, clearing measure for Biden’s signature
(CNN) The House of Representatives voted Friday to pass Democrats' $750 billion health care, energy and climate bill, in a significant victory for President Joe Biden and his party. The final vote was 220-207, along party lines. Four Republicans did not vote. Now that the Democratic-controlled House has approved the bill, it will next go to Biden to be signed into law. Final passage of the bill marks a milestone for Democrats and gives the party a chance to achieve long-sought policy objectives ahead of the upcoming midterm elections. It comes at a critical time as Democrats are fighting to retain control of narrow majorities in Congress. The sweeping bill -- named the Inflation Reduction Act -- would represent the largest climate investment in US history and make major changes to health policy by giving Medicare the power for the first time to negotiate the prices of certain prescription drugs and extending expiring health care subsidies for … [Read more...] about House passes Democrats’ health care and climate bill, clearing measure for Biden’s signature