American businesses, ranging from Fortune 500 companies to small firms, are preparing to evacuate staff and assets from Taiwan in the event of a Chinese invasion, Politico reported Thursday.
The Chinese military has been ramping up intimidation tactics against the island following House Speaker Nancy Pelosi’s two-day visit, most recently firing “precision missile strikes” into the Taiwan Strait as a show of targeted force, according to Fox News Thursday. The country’s ramped up drills have left some companies spooked after the Russian invasion of Ukraine led to dozens of major corporations escaping or having their assets seized, according to Politico.
Several manufacturing and business leaders are concerned about how inflationary pressures are hurting businesses through heightened input and transportation costs.
Participants at a round table event on Capitol Hill Thursday said that inflation has increased the cost of raw materials, making it harder for manufacturers to obtain what they need to do business.
President Joe Biden’s wide-ranging vaccine mandate will affect tens of millions of U.S. workers, but experts, labor unions and business groups are divided on what impact the rule will have.
While experts disagree on whether the federal mandate, which applies to the majority of the U.S. workforce, may lead to mass resignations, the rule will at the very least disrupt workplaces nationwide, Erik Eisenmann, a partner at the national law firm Husch Blackwell, told the Daily Caller News Foundation.
This past week marked the 32nd anniversary of the Tiananmen massacre.
On June 4, 1989, pro-democracy protesters gathered in Tiananmen Square in Beijing for peaceful demonstrations. Led by students, the demonstrators denounced China’s ruling Communist Party and sought greater freedoms for the Chinese people.
In response, the Communist Party sent the military to crush the protests. The Chinese government has never released any figures, but we know the People’s Liberation Army massacred anywhere from several hundred to several thousand people.