The Costs of a Trade War

In a trade war, countries increase tariffs on each other’s products to gain leverage in negotiations. This raises the terms of trade, but also hurts domestic consumers by reducing their access to imported goods.

Countries use non-tariff barriers to achieve political goals in trade disputes, such as imposing export bans or limiting foreign investment. These strategies can devastate global supply chains and escalate tension between nations. The costs can far outweigh the benefits.

While governments must protect their interests, long-term economic stability and growth are best achieved through cooperation and open markets. Trade barriers might address specific short-term goals, but they disrupt global production networks and push up prices for consumers. In the end, everyone loses.

Tariffs are only effective if a country can raise them without its trading partners retaliating. Otherwise, the terms-of-trade effect is neutralized and consumer prices rise. An April 2019 research publication from the International Monetary Fund used a variety of economic models to calculate that a 25 percent tariff would reduce US GDP by roughly half.

The United States and China are in a trade war with each other. The Trump administration announced new tariffs on steel and aluminum on February 4, then imposed a broader set of duties on Chinese imports on March 12, including cars, soybeans, and aircraft.

China responded in kind with retaliatory tariffs on American products, including soybeans, corn, and cars. Combined with a previous retaliation from Canada and the EU, the resulting global tariffs cover over 100 percent of US imports from China.

What Is a Special Report?

A special report is a type of research document that summarizes the findings and results of systematic investigations. It is a detailed presentation of research processes and results and often includes graphs. It is typically written in a formal language and focuses on first-hand verifiable information. The research article also highlights the aims and objectives of the systematic investigation as well as previous knowledge in the area of study. It also defines any jargons and terminologies that may not be familiar to the audience in order to make the research article more accessible for non-experts.

The FT Special Reports are editorially-independent reports that cover the biggest business, finance and industry issues in compelling print, video and digital formats. They deliver authoritative analysis to the people who shape business and policymaking around the world, with advertisers having no influence on the content of these reports.

Generally speaking, a special report is a customized financial reporting document that deviates from standard financial statement formats. It aims to address unique information needs while maintaining professional standards and clarity. These documents are commonly issued to comply with contractual agreements or regulatory requirements, to support internal audits conducted by a firm for a client or governmental entity, or for other reasons not covered by Generally Accepted Accounting Principles (GAAP). Examples include cash receipts/disbursements and proposed acquisition reports.

The Hastings Center uses its research to inform broader ethical considerations. The center publishes its research in a variety of ways, including essay sets organized around central topics in bioethics, which are one of the most prominent venues for our researchers to share their work.

The State of Local News

Local news plays a crucial role in connecting communities, promoting transparency and accountability, providing essential information and supporting local businesses. Yet, over the past decade, it has been one of the hardest-hit areas in journalism. Advertising revenue cratered, private equity gutted newsrooms and, in many places, thousands of local newspapers closed or cut their editorial staff significantly. And it’s not just print that has been suffering: local television stations are in decline too. Many have been bought out by media conglomerates like Sinclair, who slash costs and force local anchors to read scripted national news packages.

The State of Local News

The good news is that Americans still give their local media high marks. More than two-thirds say that the local news they get in their community does a very or somewhat good job at fulfilling civic duties like amplifying positive stories, helping solve problems and holding local leaders accountable for their actions.

Most people say that they often or sometimes get their local news from a newspaper or a news website, while smaller shares get it from social media and TV. But when it comes to local broadcast TV, Americans are divided. On the one hand, media consolidation has reduced the number of independent stations vying for advertising dollars. On the other, big media companies like Sinclair and Nexstar Media Group control many stations across the country.

As a result, they are able to promote their own agendas in ways that independents and other local outlets cannot. For example, a recent study of how local newspapers cover real estate development suggests that they enter a “growth coalition” with developers, property owners, financiers and the local business chamber — reinforcing and endorsing the accepted view that growth is desirable.

Business News

Business news is reporting and commentary on commercial, industrial, and financial activities and trends. It covers topics such as mergers, acquisitions, stock market updates, leadership changes and the impact of government regulations on businesses. This type of news is widely published in newspapers, magazines, online and on television.

The term “business” is generally understood to mean any organized effort to create, sell, or provide products and/or services for profit. Businesses can range in size from a single-person operation to large multinational corporations. Some businesses may have social or charitable goals in addition to generating profits. A person who operates a business is called an entrepreneur.

The business news section of a newspaper or magazine typically includes sections such as: The Business Report, Economy Watch, Investor’s Edge, Personal Finance and Careers. In addition to covering general corporate and economic trends, business news also reports on specific industries such as retail, banking, agriculture, energy and consumer services. In addition, there is often a dedicated personal finance column offering tips and advice on budgeting, saving money, managing debt, and investing. Lastly, there is often a section dedicated to helping small businesses get started and grow. This information is useful for people looking to start their own businesses as well as those already in the workforce or seeking a career change. The Business News section of a newspaper is frequently updated with the latest industry data and analysis. This information is invaluable for people making important financial decisions such as whether to invest in a particular company or how to best manage their own personal finances.

How to Structure an Acquisition Deal

An acquisition deal refers to one business acquiring another in order to gain a competitive advantage or expand its customer base. The acquiring company may also wish to eliminate competition or reduce costs. The process can be difficult and time-consuming. Expert advice is usually sought to ensure that the transaction goes smoothly.

Typically, the parties will sign a letter of intent (also known as a memorandum of understanding or term sheet) at the beginning of an acquisition process. This is non-binding and outlines the proposed key terms of agreement between the two parties. It can include financial headlines, a breakdown of assets, corporate structure, SWOT analysis and the details of how the deal will be structured.

The next step in the process is completing due diligence on the target company. This involves reviewing its financial statements, assessing purchase valuation and examining legal matters. It is important to ensure that the company is financially sound and that its purchase valuation is in line with industry benchmarks. A heavily indebted target is often a red flag and may pose future liabilities for the acquirer.

Once the due diligence has been completed, the final step is to negotiate the definitive acquisition agreement. This will detail how the share or assets are to be transferred between the two companies and includes information on the transfer price, warranties, indemnities and any limitations that would impact the acquisition. It also outlines how the target company is to be integrated with the acquiring company and may include clauses on future liabilities, customers, brand names and tangible items in its inventory.

What is an Electric Vehicle?

An electric vehicle is a car, truck or bus that uses an electric motor to run, instead of a traditional internal combustion engine. An EV’s energy comes from a battery that’s charged through the vehicle plug-in or plugged into the power grid.

Unlike smartphone or laptop batteries that degrade after 2-3 years, EV batteries are designed for thousands of charge cycles. They use specialized lithium-ion technology with advanced cooling systems that optimize performance and longevity.

When compared to gasoline cars, EVs produce significantly lower emissions, especially when the electricity comes from renewable sources such as hydropower. In addition, EVs can be fueled using a fraction of the oil used to fuel gas-powered cars in many parts of the world.

Consumer demand for EVs has grown dramatically over the past few years. A combination of factors is expected to continue driving the growth of EV adoption: environmental concerns, greater vehicle choice, improved battery capacity and cost savings.

In the United States, EV sales have grown at a rate of more than 50% in the past five years and are expected to continue growing as more drivers experience firsthand how quiet, smooth and dependable these vehicles are.

EVs are also becoming more affordable as manufacturers spread industry best practices, leverage economies of scale, innovate their technology and develop charging infrastructures that reduce costs and time-to-full. And, by working with their local governments to incentivize consumers with tax credits and other incentives, EV manufacturers can help alleviate range anxiety concerns.

What Is a Small Business?

The term “small business” is widely used to describe privately owned companies that are generally smaller than large corporations in terms of revenue and employment. The precise definition of small business varies by industry and country. In the United States, for example, the Small Business Administration (SBA) defines small businesses by their number of employees and average annual receipts across all locations.

Small businesses play a critical role in the economy. They create jobs, drive innovation, and help communities thrive. They also have unique needs that are different from larger companies and need to be supported in order to grow and succeed.

Entrepreneurs with a passion for their product or service can be successful in any industry, but they must understand their market and know the challenges that come along with starting a company. They must also be willing to take risks and be flexible enough to adapt to change. These entrepreneurs often start their journey with a single idea or product and build their success one step at a time.

Getting the money:

To help them get started, many small businesses use personal funds or investors. Others seek loans or government contracts. No matter the source of capital, it is crucial for small businesses to plan ahead and consider all of their options for financing, including tax advantages and legal responsibilities.

Internet Privacy Is a Complex Issue With Moving Parts

We wouldn’t give our ID number or passwords to a stranger on the street, but many people don’t realize that their private data is just as vulnerable online. With cyber threats constantly targeting sensitive information, it’s more important than ever to take internet privacy seriously.

While some tracking is necessary for the functionality of websites and services, some companies use it to profit by aggregating personal data that can reveal behaviors and trends. This information can then be used to target individuals with specific advertising or manipulated by algorithms that identify biases, even if they have done nothing wrong. In addition, hackers, ISPs, government organizations (including police and intelligence agencies), and tech giants like Google and Facebook all collect and store large amounts of user data.

In some cases, this information is then shared without the consent of the individual or sold to third parties, leaving them vulnerable to identity theft and other issues. And once it’s published online, it’s there forever.

The good news is that there are steps you can take to protect your data and prevent internet privacy breaches. These include using password managers, avoiding predictable passwords, utilizing VPNs, and taking advantage of browsing modes that allow you to remain anonymous online.

However, it’s also worth remembering that internet privacy is a complex issue with many moving parts. It will take a combination of vigilant personal practices, robust legislative frameworks, and ethically designed digital platforms to safeguard your privacy in the future.

Sources of National News and Local News

A national news story is one that focuses on an issue or event that affects the entire country. These stories may include political scandals, major disasters, or international affairs. They can be sourced from a variety of sources, including TV and radio programs, newspapers, magazines and online and social media sites. In the United States, national news is most often sourced from a cable or satellite network, such as CNN, Fox News and MSNBC. In addition, there are many nationally distributed newspapers and magazines that report on national issues, such as the Associated Press (AP).

Local news is generally produced by a local television station. It can be a standalone news program or segments that are attached to the main national newscast such as those broadcast on CBS, ABC and NBC. It is also common for a single TV station to have multiple local news outlets. For example, the NBC affiliate in Denver (KDVR) carries a local news program at 7:00 pm every weeknight and an additional local newscast at 11:00 am on Saturday. This is a common practice in other countries such as France, where BFM TV has separate local news channels for the Ile-de-France region and NRK has a regional news program called NRK Distriktsnyheter on channel 3 each night.

There is little partisan overlap in the list of nationally trusted news sources, with only The Weather Channel and Comedy Central being considered somewhat bipartisan. There is also less partisan overlap in the list of news outlets that are distrusted by both Democrats and Republicans, with only three outlets being more distrusted than trusted by both parties: the National Enquirer, Infowars and OAN.

3 Social Media Trends That Will Impact Your Business

Social media is a powerful platform for businesses of all sizes. It provides an opportunity to build brand awareness, connect with clients and drive sales. But it also poses risks and challenges.

For example, privacy and data-sharing concerns are top of mind for many consumers. As a result, they are rethinking their ongoing social media usage. While these changes aren’t necessarily negative, it is important to be aware of the potential impacts on your business.

Video Content Domination

Videos continue to dominate the social media landscape. Platforms like TikTok, Instagram Reels and YouTube Shorts offer a unique way for businesses to showcase products and services. They also provide an engaging experience for audiences. Zero-click content, such as Instagram Stories or Snapchat’s ephemeral content, is another trend that has gained popularity among consumers.

Nostalgia

Social media provides an outlet for people to express their creative interests and indulge in a sense of nostalgia. From reliving their childhood to sharing their favorite songs, social platforms provide endless entertainment.

As a result, they are becoming more than just a place to connect with friends and family. They are also a tool for self-expression, career advancement and education. Social media also allows us to stay connected with news and current events from around the world. From breaking news to finding a missing dog, social media can help spread information in an instant. This is a huge benefit when it comes to emergencies or natural disasters.