by Harvard Zhang | Jul 28, 2016 | Business & Tech
WASHINGTON — Record-low yields on U.S. Treasurys endanger the long-run solvency of Social Security and the future retirement benefits for younger generations of Americans, economists say. Newer Treasury bonds held by the trust fund have been earning less for years,...
by Harvard Zhang | Jul 20, 2016 | Business & Tech
WASHINGTON — President Barack Obama is expected to address a growing sense of protectionism in world markets by promoting stronger measures to deal with global tax evasion and money laundering at a meeting of world leaders, a White House aide said Wednesday. Those...
by Katie Murar | Jul 20, 2016 | Business & Tech
WASHINGTON–Critics are imploring the Obama administration to withdraw or change proposed tax regulations aimed at eliminating controversial strategies such as earnings stripping and corporate inversions. At a Thursday hearing at the Internal Revenue Service,...
by Harvard Zhang | Jul 20, 2016 | Business & Tech
WASHINGTON — The European Union probably won’t try to wrest a lucrative financial clearinghouse away from London anytime soon, but the euro-denominated business could eventually be moved to the continent, a top EU official says. Valdis Dombrovskis, the new financial...
by Xuanyan (Iris) Ouyang | Jul 14, 2016 | Business & Tech, Topics
WASHINGTON — The credit bubble in China may not deal a direct blow to the American economy, but its side effects could be troubling, experts said at a Senate hearing Thursday. “Those earlier crises would all suggest that the current Chinese credit bubble will not end...
by Harvard Zhang | Jul 14, 2016 | Business & Tech
WASHINGTON — China is likely to fall into the same economic trap as Japan did to muddle along with sluggish growth as it hesitates to deal with the overcapacity and excess debt issues, economists told a Senate hearing Thursday. A further slowdown in the Chinese...
