Building the future: how China and America differ in their industrial strategy

Western efforts to change the industrial policy of the People’s Republic of China (PRC) by targeting specific industries including biotechnology, lithium batteries, semiconductors, and solar panels, with numerous tax incentives and procurement and direct financial subsidies were in vain. They were doomed to failure, as the ruling Chinese Communist Party has never shared its political power with its “private sector”, ...

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Buffett’s Berkshire Hathaway boosted by US economic rebound | Business and Economy News

Warren Buffett’s Berkshire Hathaway Inc. is reaping the rewards of the US economic recovery. The conglomerate’s collection of manufacturers and retailers rebounded in the second quarter after being hit hard by the pandemic that ravaged the United States last year. The group of companies posted their second-highest quarterly profit on record dating back to mid-2009 and contributed to a 21% ...

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KNOWLEDGE CENTER: Four Ways to Invest Extra Money in Your Savings Account [Column] | Company

Over the past year, many Americans have amassed money to prepare for the uncertainty of the COVID-19 pandemic. So much so that the personal savings rate of Americans has reached record levels. The U.S. Bureau of Economic Analysis (BEA) reported that Americans’ savings rate reached 33% in April 2020, the highest ever recorded by the BEA. As 2021 approaches, Americans’ ...

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Safety net ‘sugar’ in Biden’s second infrastructure bill will be hard for Republicans to remove if passed

Anna Moneymaker / Getty Images North America / Getty Images CNN – The Republican senator stressed the urgency of killing the Democratic president’s agenda before new perks are locked in public support – now or never. “The administration’s plan is simple,” said Senator Ted Cruz. “Make everyone addicted to sugar. ” Cruz’s warning about stopping the Affordable Care Act in ...

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EIDL funds approved for non-qualifying businesses in adult entertainment, gambling – Boston 25 News

WASHINGTON – A monitoring report calls for improvements to one of the government’s pandemic relief programs aimed at helping small businesses after results showed millions of dollars were approved for potentially ineligible companies. The U.S. Government Accountability Office (GAO) report states that the Small Business Administration (SBA) has made approximately 5,000 advances through the Economic Injury Disaster Loan (EIDL) program ...

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National Payday Relief has a plan to get its customers to say goodbye to those aggressive phone calls from lenders

OAKLAND PARK, Florida (PRWEB) 06 Aug 2021 The consumer loan industry in the United States has grown significantly over the past decade. This industry is made up of hundreds of private payday lenders. The Covid-19 pandemic has resulted in job losses, business closures, wage cuts, which have made households desperate for payday loans. These loans are as dangerous as they ...

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Hotels say management company withheld files, jeopardizing COVID-19 relief funds

As the aggressive delta variant of the COVID-19 pandemic wreaks havoc, lawsuits filed by hotel properties in three states should serve as a wake-up call for all hotel owners who hire a management company. Lawsuits in Florida, Georgia and Alabama allege that a management company failed to fulfill its legal obligations to hotel properties, including refusing to hand over all ...

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