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Xi Jinping woos Western businesses while spy agency airs warnings

China’s counterintelligence officials have warned businesses under Beijing’s jurisdiction that sharing information with Western corporate consulting firms could “seriously endanger national security.” “Such information, if accumulated to a certain extent and analyzed in a comprehensive manner, can reflect important information about our economic operation, national defense and military,” according to China’s Ministry of State Security. […]

Businesses Have Lots of Resources, We’ve ‘Given Them a Lot of Subsidies’

On Bloomberg’s Friday broadcast of “Balance of Power,” Rep. Heather Boushey, a member of the White House Council of Economic Advisers, responded to a question about whether President Joe Biden’s push to raise corporate taxes would hurt jobs. He said: Government has the resources it needs to do what it needs to do. ” And, […]

US seeks collection on up to $20B in unpaid COVID loans to small businesses

U.S. federal regulators have begun holding small businesses and nonprofits accountable for delinquencies on about 1 million government loans issued during the pandemic, worth $20 billion in face value. The Small Business Administration this week began referring abandoned coronavirus disaster loans with balances of $100,000 or less to the Treasury Department for recovery, according to […]

Durbin-Marshall Credit Card Bill Shifts Costs to Small Businesses and Consumers

The following content is electronic payment federation. Supporters of the new bill in Congress like to tout it as being for small businesses and the American people. But in reality, that’s not what they’re benefiting from at all from the new credit card mandates they’re pushing in the name of increased competition. In fact, Sen. […]