Tag: The Epoch Times

Recent statistics from China’s central bank show that home buyers’ enthusiasm has fallen drastically. Despite price cuts and incentives, the world’s largest housing market continues to slump, and China’s banking sector is taking a hit on two fronts, as both defaults and prepayments rise. Meanwhile, China’s developers are starting to show the strain, with real estate giant Wanda Group making ...

Commentary Over the past decade or so, America has undertaken a radical experiment with criminal justice reform. The consequences have been devastating. The number of people arrested in America each year has fallen sharply over the past two decades. Public prosecutors now prosecute significantly fewer cases. Those that are convicted can generally expect shorter sentences. The combined effect of all ...

The threat to personal data privacy is amplified with the widespread usage of biometric information in daily circumstances Biometric information like facial recognition, fingerprints, and voice and eye scans being collected by businesses can be hacked and manipulated, with the threat amplified following the proliferation of artificial intelligence, said a recent warning by the U.S. Federal Trade Commission (FTC). In ...

U.S. congressional Republicans hold a news conference at 3:15 p.m. ET on May 23 to discuss the fentanyl epidemic and its impact on American lives. ...

Big box stores are now boxes at your doorstep. Commentary Whole server racks (the equivalent of whole forests in the print era) have been sacrificed to stories about “The Retail Apocalypse” and the “Death of Retail.” All the stories present a binary view: retail is dead; retail isn’t dead. The truth lies somewhere in between. Retail, broadly speaking, is doing ...

WhatsApp has granted users one of its most awaited features—the ability to edit messages. “For the moments when you make a mistake or simply change your mind, you can now edit your sent messages on WhatsApp,” the Meta Platforms Inc-owned messaging app said in a blog post on Monday. With the feature rolling out globally in the coming weeks, senders ...

Homes taking longer to sell while mortgage rates remaining persistently high point to signs of a housing market recession The U.S. housing market continued to show signs of decline as mortgage applications and sales of existing homes fell while properties are taking longer to get sold. Mortgage applications for new home purchases dropped by 11 percent in April 2023 compared ...

A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged “wrongs associated with” Musk’s ...

LONDON—Eurozone business growth remained resilient but slowed slightly more than thought this month as the bloc’s dominant services industry lost a little of its shine and the downturn in the manufacturing sector deepened, a survey showed on Tuesday. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P Global and seen as a good gauge of overall ...

Rep. Lauren Boebert (R-Colo.) has introduced HR 3212, the “Shall. Not. Be. Infringed. Act.,” to restore what she considers to be rights lost under the Biden administration. “It gets rid of all the unconstitutional laws passed under Nancy Pelosi and signed by (President) Joe Biden,” a spokesman from Boebert’s office told The Epoch Times. The bill, introduced in the House ...

Australia will provide the Philippines with drone equipment, training, and other technology to strengthen its Coast Guard maritime domain, awareness, and protection capabilities. The announcement follows a visit to the Philippines by Australian Foreign Minister Penny Wong on May 18 and comes as the Southeast Asian nation is engaged in an increasingly hostile maritime dispute with Beijing. Wong told journalists ...

Commentary One of the great problems that we have here in Australia is that within our arts institutions, artistic decisions are increasingly being made not by artists but by administrators. Take, for example, the symphony orchestra. Where a conductor once largely curated his own artistic affairs, an “artistic planning team” of three to four bureaucrats, sometimes more, now exists. Their ...

“We keep calling this progress for women, and it is not. It is regressive,” says Inga Thompson, a retired U.S. cyclist, ten-time national champion, and three-time Olympian, on allowing biologically male athletes to use women’s locker rooms. “Five years ago, if there was a naked male in a women’s space, this would have been considered some form of an assault,” ...

Commentary Before California’s government imposed its zero-carbon by 2035 vehicle mandate, it first should have assured itself a secure market in cobalt. Otherwise, the main beneficiary will be the People’s Republic of China, which dominates the market in cobalt, a key mineral needed for batteries. That’s the conclusion I draw from a new book, “Cobalt Red: How the Blood of ...

Members of the Senate have been given satellite phones by the chamber’s sergeant-at-arms. “Satellite phones are important precautionary communication devices that provide critical lifelines during disasters that impact local communication capabilities (such as cellular and landline phones, and/or internet),” an official with knowledge of the matter informed The Epoch Times in a May 22 email. “The distribution was timed coincide ...

Join us for a watch party of “The Unseen Crisis” on Thursday, May 25, at 7 p.m. ET followed by a live panel and Q&A. Panelists Dr. Robert Malone, mRNA vaccine technology pioneer Dr. Paul Marik, pulmonary and critical care specialist and co-founder and chairman of the Front Line COVID-19 Critical Care Alliance Brianne Dressen, AstraZeneca trial participant and co-founder of ...

Newly appointed Twitter CEO Linda Yaccarino shared her first response to the planned Twitter clone app reportedly in development at Meta that will be integrated with Instagram. “Game on!” Yaccarino said in a May 22 tweet while responding to an article about Instagram developing a Twitter clone. The news was first reported by Moneycontrol. “We’re exploring a standalone decentralized social ...

New data show that delinquency rates are rising across the U.S. marketplace as consumers contend with high inflation, real negative wage growth, and rising interest rates. According to the Federal Reserve Bank of New York’s (FRBNY) Household Debt and Credit Report, the overall flow into serious delinquency rate (90 days or more delinquent) rose to 1.08 percent in the first ...

Commentary The New York Philharmonic’s performance of Gustav Mahler’s 9th Symphony, brilliantly conducted by Gustavo Dudamel, lived up to the piece’s immense reputation. Written in 1909, it is the last gasp of the Old World wrecked by the Great War. It left the audience in tears of melancholy reflection. The ceremonial and traditional silence following the final movement was as ...

President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis. Over the weekend, negotiations between representatives from each side stalled as both doubled down on their demands. Rep. Garret Graves (R-La.), the lead negotiator for Republicans, told reporters on May 19 that Biden’s negotiators were being “unreasonable.” ...