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China is flexing its missile arsenal in a new simulation for a mass Taiwan attack as the US watches Beijing’s Rocket Force closely
27 May

China is flexing its missile arsenal in a new simulation for a mass Taiwan attack as the US watches Beijing’s Rocket Force closely

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China's Eastern Theater Command on Friday released a simulation video of its missile forces carrying out a mass attack on Taiwan, boasting its land, sea, and air launch capabilities.The 70-second hype video used a mix of computer-generated animation and live footage to depict warships, land-based rocket launchers, and jet fighters launching waves of missiles at the island."Destroy the pillar of Taiwanese independence! Strike the base camp of Taiwanese independence! Cut off the blood flow of Taiwanese independence!" the People's Liberation Army branch wrote in the video.Animated missiles — dubbed "independence killing weapons" in the video — descend upon a 3D…
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China’s gold rush shows the Chinese still have money to spend — they’re just not into Starbucks or Gucci
27 May

China’s gold rush shows the Chinese still have money to spend — they’re just not into Starbucks or Gucci

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The consumption trend reflects risk hedging and a lack of confidence in the flagging economy that has been struggling to regain momentum since lifting on-off pandemic lockdowns.It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci.China's economy is facing multiple risks and uncertainties, including an epic real-estate crisis, stock market volatility, geopolitical headwinds, and demographic challenges."With China's population facing rapidly aging demographics, Chinese households are trying to boost their retirement savings at a time when real estate and equity markets have been…
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I’m a Google product manager who mentors 10 people a month. Here’s how I pick mentees, based on their messages and attitude.
27 May

I’m a Google product manager who mentors 10 people a month. Here’s how I pick mentees, based on their messages and attitude.

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This as-told-to essay is based on a conversation with Sonakshi Pandey, a cloud computing product manager at Google in Seattle. It has been edited for length and clarity. Business Insider has verified her employment history.I was three years into my career as a software engineer when I realized I wanted to challenge myself.I loved coding but was keen on a role that was less desk-bound and encouraged me to meet people and speak in public, something that made me anxious because I have always been an introvert.I found that a solution architecture role would be a good entry point, and…
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Democrats will be defending a slim Senate majority in 2024. Here’s a look at the states where both parties are fighting for control of the chamber.
26 May

Democrats will be defending a slim Senate majority in 2024. Here’s a look at the states where both parties are fighting for control of the chamber.

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In the 2022 midterm elections, Democrats defied political expectations by holding on to their Senate majority, with every incumbent securing reelection and then-Pennsylvania Lt. Gov. John Fetterman flipping the open seat being vacated by retiring Republican Sen. Pat Toomey.The upper chamber in January 2023 then shifted from its previous 50-50 split — with Senate control in 2021 and 2022 resting on Vice President Kamala Harris' tiebreaking abilities — to a 51-49 majority led by Majority Leader Chuck Schumer of New York. And despite Arizona Sen. Kyrsten Sinema switching from the Democratic Party to register as an Independent late in 2022,…
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American parents with young children say they haven’t felt this financially insecure in nearly a decade. Here’s why.
26 May

American parents with young children say they haven’t felt this financially insecure in nearly a decade. Here’s why.

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The financial well-being of American parents with young children is plummeting, highlighting how unaffordable childcare costs have become.The Federal Reserve published its annual Survey of Household Economics and Decisionmaking on May 21. The survey, which collected answers from 11,000 people in October 2023, examines the economic well-being of US households and potential financial risks.While the report said people's overall financial well-being was "nearly unchanged" between 2022 and 2023, some groups "continued to experience financial stress at higher rates than others." That included parents with children under 18. athima tongloom/Getty Images The percentage of parents with children under 18 who felt…
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