Federal Reserve leaders challenged to do more to help communities of color during COVID-19 recession

by Nicholas Portuondo | Oct 7, 2020 | Business & Tech, Featured

WASHINGTON- Leaders of several regional Federal Reserve banks were challenged Wednesday to do more to help low-income and minority communities survive the COVID-19 recession, especially considering the recent breakdown of congressional financial relief talks. “The...

A Day After Trump Ended Stimulus Negotiations, Experts Call for Fiscal Support to Counter COVID-19 Crisis

by Hangyun Kim | Oct 7, 2020 | Business & Tech, Featured

WASHINGTON – An increase in fiscal spending is necessary to respond to COVID-19, a panel of practitioners and experts from Japan, Germany, and the United States agreed at Wednesday’s online discussion hosted by the Center for Strategic and International Studies. The...

Google, Facebook and Twitter CEOs Confronted With Senate Subpoenas

by Hangyun Kim | Oct 1, 2020 | Business & Tech, Featured, Topics

WASHINGTON – The Senate Committee on Commerce, Science, and Transportation unanimously voted on Thursday to compel the CEOs of Google, Facebook, and Twitter to appear before the committee amid concerns over the tech giants’ monopolistic powers and legal immunity. The...

Head of U.S. government news networks disobeys congressional subpoena

by Hangyun Kim | Sep 24, 2020 | Business & Tech, Topics

WASHINGTON – The new head of the United States Agency for Global Media failed to appear before the House Committee on Foreign Affairs on Thursday, ignoring a subpoena the committee issued last week ordering him to testify amid questions over editorial independence at...

Lawsuits increase while U.S.-listed Chinese companies face regulatory scrutiny

by Henry Ren | Sep 21, 2020 | Business & Tech, Featured

It is not just the Trump administration that plans a crackdown on Chinese companies listed on U.S. stock exchanges. Shareholders want to make them pay, too. In 2020, U.S. shareholders have sued 20 Chinese companies that currently or used to sell shares on the New York...

Tougher noise-reduction rules for passenger planes might not be worth cost, study shows

by Alyk Russell Kenlan | Aug 28, 2020 | Business & Tech, Featured

Commercial airplanes are already required to keep noise at levels similar to a subway train and tougher rules to make them even quieter might not justify the cost, a federal study has concluded. A newly released Government Accountability Office report found that...