Author: Reporter

Trade loophole exploited by Gen Z influencers and Chinese retailers comes under Congressional scrutiny

As a substitute teacher in her mid-20s, Lindsey Puls was delighted to discover the fashion world of Shein more than 10 years ago, lured in by its super-low prices, with tops selling for a few dollars, dresses under $10, and free shipping on orders over $29. Puls, who has a blog called “Have Clothes, Will Travel,” joined other influencers in modeling her low-priced but trendy purchases on social media like Instagram and TikTok, contributing to a surge in popularity for Shein. The company, which was founded in China and sells clothing manufactured there, is now the top fast fashion...

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Financial exploitation: Federal plan to drop overdraft fees to as low as $3 faces rebuff from banks

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck. The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before the January announcement. Exactly how much revenue depends on which version of the new regulation is adopted. Banks charge a customer an overdraft fee if their bank...

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Technology advances are helping the unhoused from being left behind in the shift to a cashless society

John Littlejohn remembers the days when lots of people had a couple of dollars to spare to buy a copy of Street Sense, the local paper that covers issues related to the homeless and employs unhoused individuals as its vendors. Today, he is finding fewer people are walking around with spare change. Even well-meaning individuals who want to help are likely to pat their pockets and apologize, he said. “I would be out here for six or seven hours and wouldn’t get more than $12 to $15,” said Littlejohn, 62, who was homeless for 13 years. “People are like,...

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Survey finds more business leaders fearful about their company’s survival as AI and climate challenges grow

More executives are feeling better about the global economy, but a growing number do not think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence, according to a survey of CEOs by one of the world’s largest consulting firms, PwC. The survey of more than 4,700 CEOs worldwide was released in January, and it showed a mixed picture of the coming years. Of the executives, 38% were optimistic about the strength of the economy, up from 18% last year, when the world was mired in high...

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Trauma still haunts some families as Ukraine’s Bucha rebuilds two years after brutal occupation

Days after Russian forces withdrew from the outskirts of Kyiv in the dramatic first weeks of their full-scale invasion two years ago, a photo revealed what had become of Nataliia Verbova’s missing husband. Poring over the image of eight men executed and lying on cold concrete in the suburb of Bucha, taken by AP photographer Vadim Ghirda, she focused on a man face down with his hands tied. She did not want to believe it was Andrii, who had joined the territorial defense days after the invasion but was detained by the Russians. A month later, she visited the...

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Associated Press to provide hundreds of nonprofit newsrooms with free election results and graphics

The Associated Press is making some of its U.S. elections data available for free to more than 400 nonprofit news organizations in a program funded by the Google News Initiative. The small, primarily digital newsrooms are members of the Institute for Nonprofit News. While that 15-year-old group includes some national outlets like ProPublica, most of its members are smaller organizations that cover local news, most with only a handful of employees and many that operate in areas left otherwise bereft of coverage. On primary nights and the general election, AP will give these outlets ready-to-publish graphics with national and...

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