Sunday, December 22

Tag: Financial Crime

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist
1Jan By adminNo Comments
World

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist

Updated Jan. 1, 2024 12:08 am ETListen to article(2 minutes)Chinese rulers have long used campaigns against corruption to sideline rivals and consolidate power. Xi Jinping is increasingly tying his authority to a new variation: a purge that never ends.With echoes of Mao Zedong’s “continuous revolution,” Xi has sent fear rippling through the ranks of the Communist Party for more than a decade with the largest campaign against corruption in modern Chinese history. It is now threatening to petrify the party as it tries to steer the world’s second-largest economy through its greatest period of uncertainty in a generation.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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American Schools and Foreign Money
27Dec By adminNo Comments
World

American Schools and Foreign Money

Updated Dec. 26, 2023 6:45 pm ETCongress is debating how to address the intellectual corruption of America’s elite universities, and one idea is to require that academic institutions disclose funding from U.S. adversaries. The House this month passed the Deterrent Act, 246-170, to shine a light on the billions of dollars that flow from foreign entities to U.S. colleges and universities. Some donations are well-intentioned, but China’s Communist Party and others have used money as a lever to push propaganda, filch research, and censor free exchange. Often the terms of these cash infusions are confidential.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Harvard Should Pay Its Fair Share
24Dec By adminNo Comments
Business

Harvard Should Pay Its Fair Share

What can we do about the corruption of American higher education? Milton Friedman had an idea 20 years ago: Tax the schools rather than subsidize them. That reflected a change of heart. In “Capitalism and Freedom” (1960), he argued that college education had enough “positive externalities” to justify subsidies. But when I was researching a book in 2003, I emailed him (then 91) and asked if he still believed that.He replied: “I have not changed my view that higher education has some positive externality, but I have become much more aware that it also has negative externalities. I am much more dubious than I was . . . that there is any justification at all for government subsidy of higher education. The spread of PC”—political correctness—“would seem to be a very strong negative externality...
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Vatican Court Convicts Cardinal on Embezzlement and Fraud
16Dec By adminNo Comments
World

Vatican Court Convicts Cardinal on Embezzlement and Fraud

Dec. 16, 2023 12:46 pm ETROME—A Vatican court on Saturday found Italian Cardinal Giovanni Angelo Becciu guilty of embezzlement and fraud and sentenced him to 5½ years in prison, marking a stunning fall from grace for a man who was once one of the most powerful advisers to the pope.Becciu, who has denied any wrongdoing, was the first cardinal to be tried in Vatican City’s criminal court. “We reiterate the innocence of Cardinal Angelo Becciu and we will appeal,” his lawyer, Fabio Viglione, told reporters after the verdict and sentence were announced.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hunter Biden’s Taxes and the Law
9Dec By adminNo Comments
Business

Hunter Biden’s Taxes and the Law

The U.S. legal system is premised on equal justice under the law, and that’s the lens through which to view the latest indictment against Hunter Biden. The President’s son faces legal peril from his own conduct, not because of his last name.Special Counsel David Weiss on Thursday indicted Hunter in California on nine charges for evading $1.4 million in federal taxes from 2016 through 2019. They include three felony and six misdemeanor charges related to tax evasion, failure to file and pay taxes, and filing false or fraudulent returns. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hunter Biden Indictment Alleges Post-Addiction Fraud
8Dec By adminNo Comments
World

Hunter Biden Indictment Alleges Post-Addiction Fraud

WASHINGTON—In early 2020, while his father was on the cusp of a political turnaround that would propel him to the Democratic presidential nomination, Hunter Biden went to his accountants to clean up a lingering personal issue: his failure to have filed taxes for 2017 and 2018.By his own account, the younger Biden had been sober since June 2019. But during that attempt to resolve his tax mess, he created a far more serious one for himself, according to federal prosecutors, who charged him Thursday with nine tax offenses, including three felonies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hunter Biden Indicted on Tax Charges
8Dec By adminNo Comments
World

Hunter Biden Indicted on Tax Charges

Updated Dec. 7, 2023 8:38 pm ETHunter Biden has been charged with nine tax-related charges, according to an indictment filed Thursday, in a case that adds a new layer of legal peril for President Biden’s son as he faces continued congressional scrutiny and a separate prosecution on felony gun charges.The indictment from a grand jury seated in Los Angeles sets up another case with the potential for a trial coinciding with the president’s re-election campaign. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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