Politics

Politics
Big Business Takes Up Arms Against WeChat Ban
August 13, 2020

President Trump’s threat to ban WeChat in the U.S. has shaken the stock markets and is now roiling the corporate world. Shares of Tencent Holdings, its parent company, fell as much as 10 percent on Friday (Aug. 7) hours after the president issued his ban,...

Politics
Mnuchin: GOP COVID-19 Stimulus Plan To Reach Capitol Hill Monday
July 26, 2020

A $1 trillion Republican version of a 4.0 COVID-19 stimulus bill is expected to be on Capitol Hill Monday (July 27). “This is all about kids and jobs,” U.S. Treasury Secretary Steven Mnuchin told Fox News Sunday. “This is our focus, and we want to...

Politics
Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
June 09, 2020

International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter to Congress, IBM’s CEO Arvind Krishna said the company will stop offering facial recognition software and opposes use of the technology for racial...

Politics
US Chamber Leader Criticizes Presidential Candidates
January 09, 2020

The head of the U.S. Chamber of Commerce, the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times....

Politics
Obama Warns Of The Dangers Of ‘Big Disruptive’ Tech
November 22, 2019

Former U.S. President Barack Obama is concerned about the impact technology can have on society. “Big disruptive” information technologies can sometimes be “dangerous,” Obama said during a talk with Salesforce CEO Marc Benioff. “People don’t know what’s true and what’s not, and what to believe,”...

Politics
House Committee Passes Bill To End Federal Marijuana Prohibition
November 21, 2019

The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a press release on Wednesday (Nov. 20). The Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 passed by a count of 24-10. The...

Politics
Financial, Regular Firms Want Banks To Work With Pot Companies
March 27, 2019

Financial firms, fertilizer, beverage, and other mainstream companies are calling on Congress to enable pot companies to have access to banks. According to a report in  The Wall Street Journal, with lawmakers gearing up to mull legislation that would enable pot companies to be part of...

Politics
Q1 GDP Growth To Be Impacted By Gov’t Shutdown
January 20, 2019

With the partial U.S. government shutdown as a result of the standoff between President Donald Trump and congressional Democrats now in its fourth week and no clear end in sight, the economic costs are starting to add up and are expected to impact growth during the...

Politics
Despite Gov’t Shutdown, Tax Refunds Will Be Paid
January 08, 2019

While the U.S. government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. “Tax refunds will go out,” the acting director of the White House Office of Management and Budget, Russell Vought, told reporters on Monday (January 7), according...