Monthly Archives: August 2022

Pelosi says she is in Taiwan to show the US will ‘never give in to autocrats,’ just weeks after Biden fist-bumped MBS

House Speaker Nancy Pelosi (R) being welcomed by Taiwanese Foreign Minister Joseph Wu (L) after landing at Songshan Airport in Taipei, Taiwan on August 2, 2022. Getty Images Pelosi visited Taiwan on Tuesday in defiance of threats from Beijing.  Pelosi said the trip was an important sign of America’s support for democracy. But she visited…

Watching House Speaker Nancy Pelosi’s arrival in Taiwan ‘felt like catching a rare Pokémon,’ a local videographer said

House Speaker Nancy Pelosi walks with Taiwanese Foreign Minister Joseph Wu (left) as she arrives in Taipei, Taiwan, on August 2, 2022. Taiwan Ministry of Foreign Affairs via AP House Speaker Nancy Pelosi arrived in Taiwan on Tuesday despite warnings from the Chinese government. The visit was highly anticipated by people in Taiwan, including media…

Discount retailers’ stocks are set to pop as consumers flock to cheaper options amid high inflation, Goldman Sachs says

Shoppers stand in front of Ross Dress for Less discount retail store in Miami Beach, Florida. Jeff Greenberg/Education Images/Universal Images Group via Getty Images Goldman Sachs sees shares of Ross and Burlington Stores each rising by at least 20% over the next 12 months.  The discount retailers are “defensively positioned” in a tough retail environment…

Here are 20 of this summer’s worst airline horror stories — from lost wedding dresses to a 13-month-old booked on a different flight than her parents

Flight delays and cancellations will likely continue throughout the summer, analysts told Insider. James D. Morgan/Getty Images Summer 2022 has seen mass travel return to close to pre-pandemic levels after two years of decline. But as airports and airlines readjust, passengers are facing mass delays and lost luggage. Insider rounded up some of the worst…

The Federal Trade Commission Act sets the guidelines underpinning the FTC’s consumer-protection enforcement

The FTC Act has been around for over a century, and the way businesses operate and consumers engage in the economy has changed dramatically over that time. MStudioImages/Getty The Federal Trade Commission Act created the Federal Trade Commission (FTC), the US agency that protects consumers and promotes competition.The law empowers the FTC to stop businesses…

Russian forces ‘can’t cope’ with the ‘unpredictability’ of Ukrainian troops, top enlisted leader says

A sergeant with a Ukrainian reconnaissance platoon in a frontline village, July 6, 2022. Vyacheslav Madiyevskyi/ Ukrinform/Future Publishing via Getty Images After five months of fighting, Ukraine’s military has forced Russia to reduce its ambitions. Much of Ukraine’s battlefield success is owed to its more capable non-commissioned officers. With strategic competition increasing, Western militaries are…

Putin’s rumored girlfriend Alina Kabaeva hit with US sanctions

Russian President Vladimir Putin (L) hands flowers to Alina Kabayeva, Russian rhythmic gymnastics star and Olympic prize winner, after awarding her with an Order of Friendship during annual award ceremony in the Kremlin 08 June 2001. Sergei Chirikov/AFP via Getty Images The US Treasury Department sanctioned Vladimir Putin’s rumored girlfriend. Alina Kabaeva was hit by…

The Sherman Antitrust Act is the first in a line of federal laws protecting consumers from unfair prices

The Sherman Antitrust Act underpins the government’s enforcement efforts against anticompetitive practices. boonchai wedmakawand/Getty The Sherman Act was the first antitrust law, signed by President Harrison in 1890. It was meant to uphold competition in the market and avoid monopolization. Antitrust laws preserve market competition and protect consumers from unfairly high prices. The Sherman Act…

Trump’s purported free speech social media platform Truth Social is hiding user posts, threatening to create a ‘curated echo chamber,’ research group finds

Donald Trump (left) and a phone displaying his social media app, Truth Social. Brandon Bell/Getty Images/Christoph Dernbach/picture alliance via Getty Images A new report found instances where Trump’s TRUTH Social kept posts from being visible.  The posts discussed abortion and the January 6 committee hearings, according to Public Citizen.  The site has billed itself as…