Economy - Page 2

Biden Fundraiser Jeffrey Katzenberg’s Streaming Platform Quibi Shuts Down After Six Months and $2 Billion Raised

Quibi, the youth-oriented, short-form streaming entertainment platform headed by Jeffrey Katzenberg and Meg Whitman, has announced that it is calling it quits just six months after the service launched to great fanfare in April. The decision to pull the plug represents a major blow for Katzenberg and Whitman, who courted tech investors and raised an estimated $2 billion for the venture.

Katzenberg

U.S. Customs: China Using Forced Labor in Inner Mongolia

U.S. Customs and Border Protection (CBP) issued a notice on Tuesday that accused a Chinese company of using “convict, forced, or indentured labor” to manufacture products that could be exported to the United States. The company in questioned is directly owned by the Chinese government.

In this file image from undated video footage run by China's CCTV via AP Video, Muslim trainees work in a garment factory at the Hotan Vocational Education and Training Center in Hotan, Xinjiang, northwest China. A U.S. company that stocks college bookstores with t-shirts and other team apparel cut ties …

Parker: Patients Need a Dose of Free Market Innovation

Elaine Parker writes in the Orange County Register that what is needed in healthcare reform is not more government control, as typified by the ACA and Medicare for All, but the forces of the free market to loosen constrictions upon it and enable innovative solutions:

In a Friday, May 6, 2016 photo, Dr. Shane Prejean briefs a group of medical residents and medical students while visiting a patient at Our Lady of the Lake Regional Medical Center in Baton Rouge, La. Louisiana’s deep, persistent budget troubles are endangering the future of medical training programs. Proposed …

DOJ Files Long-Awaited Antitrust Suit Against Google

The Justice Department has filed its long-awaited antitrust lawsuit against Google, alleging that the Big Tech Masters of the Universe engaged in anticompetitive practices to preserve its monopoly power and crush competitors to its search and advertising businesses. The Wall Street Journal first broke the story on Tuesday morning that the lawsuit would finally be filed.

Google's Senior Vice President Sundar Pichai gives a keynote address during the opening day of the 2015 Mobile World Congress (MWC) in Barcelona on March 2, 2015. Phone makers will seek to seduce new buyers with even smarter Internet-connected watches and other wireless gadgets as they wrestle for dominance at …

Watch: Donald Trump’s Border Wall Reaches 371 Miles

Twitter videos provide a close-up look at the two-miles-per-day construction of President Donald Trump’s border wall, which has now reached 371 miles amid furious resistance from pro-migration lawyers, environmentalists, and business groups.

Border Wall construction

Supreme Court to Decide Three Migration Disputes

The Supreme Court said it would settle immigration-related disputes over President Donald Trump’s border wall and the Migrant Protection Protocols (MPP), which replaced the catch-and-release policies that allowed hundreds of thousands of economic migrants into blue-collar jobs.

WASHINGTON, DC - JUNE 15: The statue Authority of Law by sculptor James Earle Fraser stands on the steps of the U.S. Supreme Court which ruled that LGBTQ people can not be disciplined or fired based on their sexual orientation June 15, 2020 in Washington, DC. With Chief Justice John …