In the 1980s, Japan was the envy of the world. Its economy grew rapidly to become the second largest in the world, led by a strong central government, a surging and increasingly productive manufacturing sector, easy access to money and credit, and protective trade policies that spawned huge surpluses with […]
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House passes bill to put $25 billion into USPS and reverse changes amid uproar
Democratic U.S. Representatives Rashida Tlaib and Dan Kildee rally in support of the United States Postal Service (USPS) outside of a post office in Southfield, Michigan, U.S. August 18, 2020. Rebecca Cook | Reuters The House passed a bill Saturday to inject emergency funding into the U.S. Postal Service and […]
TikTok will challenge Trump order banning U.S. transactions, company confirms
The Tencent Holdings Ltd. WeChat and ByteDance Ltd. TikTok app icons are displayed on a smartphone in an arranged photograph taken in Arlington, Virginia, on Friday, Aug. 7, 2020. Andrew Harrer | Bloomberg | Getty Images TikTok plans to sue the Trump administration as early as next week over the […]
2 tropical storms pose a potential double hurricane threat to U.S. Gulf Coast
Two tropical storms advanced across the Caribbean Saturday as potentially historic threats to the U.S. Gulf Coast, one dumping rain on Puerto Rico and the Virgin Islands while the other was pushing toward the tip of Mexico’s Yucatan Peninsula, whose sprawling resorts had been almost emptied by pandemic restrictions. Tropical […]
U.S. mayors call Postal Service cuts a ‘grave concern,’ say mail-in voting should be ‘national priority’
U.S. Postmaster General Louis Dejoy arrives at a meeting at the office of Speaker of the House Rep. Nancy Pelosi (D-CA) at the U.S. Capitol August 5, 2020 in Washington, DC. Alex Wong | Getty Images A bipartisan group of nearly 200 mayors from the country’s largest cities called on […]
Daily coronavirus cases in the U.S. fall below 50,000 for seven straight days after summer surge
Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020. Brian Snyder | Reuters New coronavirus cases in the U.S. grew by nearly 48,700 on Friday, marking seven consecutive days the daily count fell below 50,000 […]
California battles more than 500 fires with no end in sight as emergency response stretched thin
A firefighter rubs his head while watching the LNU Lightning Complex fires spread through the Berryessa Estates neighborhood of unincorporated Napa County, Calif., on Friday, Aug. 21, 2020. Noah Berger | AP Photo Some of California’s largest wildfires in state history are growing larger and more destructive, with no end […]
Ben Affleck film moves shooting to Canada as Hollywood abandons U.S. without widely available coronavirus testing
On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available […]
Medicare coverage could expand under a Biden presidency
Democratic presidential candidate Joe Biden speaks at a June 25 campaign event in Lancaster, Pennsylvania. Mark Makela | Reuters Health insurance for the nation’s older population could undergo some changes if Joe Biden wins the presidential election in November. The Democrat nominee wants to expand both Medicare coverage and eligibility […]
China’s Achilles heel: What Japan’s 1980s boom and bust can tell us about the Chinese economy
In the 1980s, Japan was the envy of the world. Its economy grew rapidly to become the second largest in the world, led by a strong central government, a surging and increasingly productive manufacturing sector, easy access to money and credit, and protective trade policies that spawned huge surpluses with […]