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SHOCKING: 2 - What They Never Told You

Shanghai Composite Index Rose 0.42% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

Shanghai Composite Index Rose 1.56% on Monday

Shenzhen Component Index closed up 0.93%

Caixin Global

Stocks Set to Open Lower as Investors Await FOMC Minutes and U.S. Jobs Data

March S&P 500 E-Mini futures (ESH24) are down -0.36%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.70% this morning as U.S. Treasury yields climbed at the start of a holiday-shortened week, with market participants looking ahead to the release of the minutes of the Federal Reserve’s latest policy…

Barchart

From analysis to the latest developments in health,
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Words matter, but they can be twisted, too, especially when Elise Stefanik is involved

In Republican hands, a congressional hearing on antisemitism is anything but a search for understanding.

Chicago Sun-Times

Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times

Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.

Reason

The Israel-Hamas war has roiled US campuses. Students on each side say colleges aren't doing enough

America’s colleges aspire to be places where ideas meet and common ground emerges

The Independent UK

Israeli billionaire quits Harvard board in row over student letter

A group of 33 student organisations at Harvard University signed a letter arguing that Israel’s ‘apartheid regime’ created the impetus for the war

The Independent UK

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The Harvard letter, doxxing, and angry clashes: Hamas-Israel war ignites campus free speech crisis

Campus debates about Israel at the elite university have a way of turning into national conversations, where no one feels their rights are being respected, Josh Marcus reports

The Independent UK

Larry Summers ‘sickened’ by Harvard’s silence over Hamas attack on Israel

Lawrence Summers, the former president of Harvard University, said he was “sickened” by the institution’s lack of response after some student groups blamed Israel for Hamas’ attack, which has killed more than 900 Israelis, most of them civilians.

The Times of India

What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

Larry Summers warns U.S. economy is still ‘very, very hot' with 'pockets of distress' in commercial real estate

The U.S. is "an underlying 4.5-5% inflation country,” said Summers, a few days ahead of Tuesday's inflation report.

Fortune

Former Treasury Secretary Summers Criticizes IRS Provisions In Debt Ceiling Agreement

Summers opposes IRS funding cuts in debt ceiling deal, warns of future deficits and tax cheats' advantage.

Zenger

‘He used people’: Jeffrey Epstein scandal rolls on as new names emerge

The names in legal documents and fresh details of his daily itinerary present a detailed picture of how Epstein tried to rebuild his reputation

The Guardian - US

Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent

What's the dirtiest word in financial policy?

Los Angeles Times

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StockNews.com

3 Stocks With 10% or More Short Interest NOW

A growing wave of weak economic data and recent turmoil in the banking sector deepened worries about the economy tipping into a recession this year. Amid an uncertain macroeconomic backdrop, it could be wise to avoid fundamentally weak stocks Shift4 Payments (FOUR), ChargePoint (CHPT), and WeWork (WE), with 10% or…

The Guardian - UK

UK on track to be worst-performing G7 economy this year, says IMF – as it happened

International Monetary Fund forecasts UK GDP will shrink by 0.3% in 2023, worse than other G7 countries

Fortune

Larry Summers: Danger of U.S. mortality 'transcends politics'

U.S. mortality data was "especially scary remembering that demographics were the best early warning on the collapse of the USSR,” Summers tweeted.

Fortune

Ken Griffin says SVB failure would have been 'lesson in moral hazard'

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

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Tribune News Service

Biden aide says negotiation on debt ceiling is ‘nonstarter’

WASHINGTON — A White House economic adviser said negotiations over raising the U.S. debt ceiling are an “absolute nonstarter” for President Joe Biden, though he’s ready to discuss spending with congressional Republicans.

Caixin Global

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Bangkok Post

Putting a dampener on Thai recovery

After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the…

Tribune News Service

Yellen says US to take extraordinary steps to avert a default

WASHINGTON — Treasury Secretary Janet Yellen said the department will begin taking special accounting maneuvers on Jan. 19 to avoid breaching the U.S. debt limit, urging lawmakers to boost the ceiling to avert a devastating payments default.

Fortune

'Be careful of false dawns': Former Treasury Secretary Larry Summers warns a recession is still 'more likely than not'

Summers said inflation is still “inconceivably high," but acknowledged that recent trends show the Fed’s inflation-fighting campaign is “closer to being done.”

Tribune News Service

Economists fret over perils ahead for global growth

The world economy looks to be transitioning to a more difficult era in which interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.

Fortune

Artificial intelligence chatbots: Exciting breakthrough or dangerous tool?

Vivek Wadhwa didn't take the warnings about ChatGPT seriously–until his son asked it about their family.

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