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AP sources: US to impose limits on some Chinese visas

The Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the State Department said Tuesday, as President Donald Trump works to counter alleged theft of U.S. intellectual property by Beijing. The State Department said that under the new policy, U.S. consular officers may limit how long visas are valid, rather than the usual practice of issuing them for the maximum possible length. The State Department did not provide specifics. …read more […]

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Missouri governor resigns amid widening investigations

Missouri Gov. Eric Greitens, a sometimes brash political outsider whose unconventional resume as a Rhodes scholar and Navy SEAL officer made him a rising star in Republican politics, abruptly resigned Tuesday amid a widening investigation that arose from an affair with his former hairdresser. Greitens said his resignation would take effect Friday. Lawmakers pressuring Greitens to step down included many Republicans, who feared that his troubles could jeopardize the party’s chances of defeating incumbent Democrat Sen. Claire McCaskill in a state won handily by President Donald Trump. …read more […]

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U.S. to continue trade actions against China -White House

The United States said on Tuesday that it still holds the threat of imposing tariffs on $50 billion of imports from China and will use it unless Beijing addresses the issue of theft of American intellectual property. Washington will also press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China, the statement from the White House said. The announcement on Tuesday restated comments by administration officials that both the tariffs and the restrictions remained in place even after the United States and China sketched out …read more […]

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The Unintended Consequence of Letting Workers Take Social Security at Age 62

With the Social Security system facing insolvency by 2034, one option to address the program’s fiscal shortfall is to raise the early retirement age of 62. While little is known about the effects this would have on the financial well-being of beneficiaries, a paper released this month by the National Bureau of Economic Research sheds some light on the dynamics involved. The Social Security Act of 1933 set the minimum age for claiming full retirements at 65, but Congress passed an amendment in 1983 that raised that age to 67, with the increase phased in over a 22-year …read more […]

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Wall Street drops on Italy worries

NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average suffered their biggest one day percentage drop in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled.

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