Tag: Law and Legislation

Russia Bill Broadens Sanctions but Could Fuel Fears Over the Dollar

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A Russia sanctions bill is posing a dilemma for the Trump administration: Lawmakers are pushing to wage further financial warfare just as the administration worries that heavy use of sanctions may erode the U.S. dollar’s supremacy. The bill, which was the brainchild of Senator Lindsey Graham before his death, aims to impose mandatory sanctions on Russia and its allies and potentially broaden the reach of penalties to include tariffs on buyers of Russian energy. The White House has said that the scope of the sanctions could broaden to include Iran…

We Returned From China. We Realized Our Century’s Biggest Challenge.

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Humanity is inching along a precarious tightrope. Our world is in the midst of deciding how the artificial intelligence revolution will unfold and what limits should be drawn. Too much caution could waste A.I.’s promise of faster economic growth, greater scientific discovery and more prosperity. Too little caution could unleash labor-market chaos and social disorder. Balance matters. If we get the balance between control and growth wrong at any point, we’ll fall into the gorge below. And no country is guaranteed to get to the opposite side. This is our…

Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford

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Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks that have encouraged automakers to invest tens of billions of dollars in new battery plants in the United States. By next year, the bill would do away with the $7,500 tax credit for buyers of…

Where Are Hong Kong’s Leading Pro-Democracy Figures Now?

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In 2019, Hong Kong erupted into the most stunning expression of public anger with Beijing in decades. Protesters broke into the legislature and vandalized it. They bought full-page advertisements in international newspapers, criticizing the government. Lawmakers hurled unsavory objects in meetings to protest unpopular bills. In the years since then, China has waged an expansive crackdown on Hong Kong to crush the opposition. Beijing directly imposed a national security law on the city in 2020 that gave the authorities a powerful tool to round up critics, including a prominent pro-democracy…

Hong Kong Adopts Sweeping Security Laws, Bowing to Beijing

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Hong Kong on Tuesday passed national security laws at the behest of Beijing, thwarting decades of public resistance in a move that critics say will strike a lasting blow to the partial autonomy the city had been promised by China. The new legislation, which was passed with extraordinary speed, grants the authorities even more powers to crack down on opposition to Beijing and the Hong Kong government, establishing penalties — including life imprisonment — for political crimes like treason and insurrection, which are vaguely defined. It also targets offenses like…

What to Know About Hong Kong’s Article 23 Legislation

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Hong Kong passed national security legislation on Tuesday, giving officials in the Chinese territory more power to curb dissent, 21 years after mass protests forced the government to backtrack on a plan to introduce such laws. The legislation targets political offenses like treason and insurrection with penalties as harsh as life imprisonment and expands the scope of what can be considered criminal behavior. Local officials have said it will close gaps in a security law that China’s government imposed on the territory in 2020 after months of huge antigovernment protests.…

Hong Kong Security Law Could Damage City’s Image as Financial Hub

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Paul Chan, the top finance official of Hong Kong, traveled to Paris, London, Frankfurt and Berlin last September to lure foreign investors. Last month he abolished taxes on foreigners’ purchases of Hong Kong real estate. And he is soon set to host an international art show, as well as conferences for big money funds and advisers to wealthy families. Mr. Chan’s brisk work pace represents an attempt to shore up Hong Kong’s role and image as the financial hub of Asia. But that effort is now colliding with a move…

Who Australia Caught When It Went Looking for Chinese Spies

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The police officers asked the man what he meant when he said that involving an Australian government minister in a charity event could benefit “us Chinese.” Was he talking about mainland China and the Chinese Communist Party, or the local Australian Chinese community? Depending on the answer, he faced up to 10 years in prison. “You are understanding the Chinese is China. We always say, ‘I’m Chinese,’ that not mean, ‘I’m mainland China,’” said the man, Di Sanh “Sunny” Duong, who was brought in for questioning. The officer pressed on,…

TikTok Bill’s Progress Slows in the Senate

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After a bill that would force TikTok’s Chinese parent company to sell the app or face a nationwide ban sailed through the House at breakneck speed this week, its progress has slowed in the Senate. Senator Chuck Schumer of New York, the Democratic leader who determines what legislation gets a vote, has not decided whether to bring the bill to the floor, his spokesman said. Senators — some of whom have their own versions of bills targeting TikTok — will need to be convinced. Other legislation on the runway could…

What China Is Saying About the TikTok Furor in Washington

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This is not the first time that China has seen a frenzy over TikTok consume Washington. In 2020, former President Donald J. Trump issued an executive order that would have forced TikTok’s Chinese owners to sell the popular app. But Beijing foiled a takeover bid by American buyers by slapping curbs on technology exports. Last year, Montana lawmakers enacted a ban on TikTok in the state, but the law was blocked by a federal judge before it could take effect. Now, U.S. lawmakers are again attempting to force ByteDance, TikTok’s…