Category: Politics and Government

IRS Decision Not to Tax Certain Payments Carries Fiscal Cost

The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
Bao Fan, Banker in China Who Vanished, Is Said to Be Aiding Inquiry

In a filing on Sunday, China Renaissance Bank said that its C.E.O., Bao Fan, was “cooperating in an investigation” by Chinese authorities.
The E.S.G. Fight Has Come to This: Bankers Suing Lawyers

Kentucky passed a law targeting banks and their climate policies. Bankers sued the attorney general. Whose definition of investment risk should prevail?
Fur Sales Are Illegal in California. Does Anyone Care?

The popularity of fur products had been diminishing in the state even before the new ban.
Tech Leaders in Israel Wonder if It’s Time to Leave

Ahead of a judicial overhaul that could transform the country and frighten away investors, the executives of Start-Up Nation are mulling an exodus.
How Health Insurance Works in China, and How It’s Changing

China is undertaking a far-reaching overhaul of its health care system as its cities reel from the financial pressure of three years of strict Covid policies.
How Arizona Is Positioning Itself for $52 Billion to the Chips Industry

The state has become a hub for chip makers including Intel and TSMC, as the government prepares to release a gusher of funds for the strategic industry.
Despised Dictator’s ‘Scary’ Shrine Becomes a Bet on Albania’s Future

The enormous pyramid was long a reminder of both a brutal regime and the decades of disappointments that followed. Now, it’s a symbol of a city aspiring to be the high-tech “Tel Aviv of the Balkans.”
Turkey’s Reeling Economy Is an Added Challenge for Erdogan

The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
As Lawmakers Spar Over Social Security, Its Costs Are Rising Fast

New budget projections are expected to show that the program’s spending is outpacing tax revenues as an aging population claims benefits.
The Toll That Twitter’s Glitches Is Taking on Chinese Activists

As the Elon Musk-owned social media service encounters interruptions and bugs, Chinese dissidents and activists said they feared they were being muzzled.
How Sports Betting Upended the Economies of Native American Tribes

Hard-fought deals for casinos gave many tribes a critical economic lifeline. When the doors opened to widespread sports betting, others wanted in on the gambling business.