Latest News from Duval Times

Rubio Calls for Action as Thermo Fisher Halts DNA Kit Sales in Tibet

By Duval Times | Jan 4, 2024

Thermo Fisher Scientific, an American company, has been accused of selling DNA kits and replacement parts to Chinese police forces in the Tibet Autonomous Region (TAR), enabling mass surveillance and human rights abuses. After years of concern and pressure, Thermo Fisher has finally decided to stop the sale of DNA collection kits in Tibet. However, U.S. Senator Marco Rubio (R-FL) believes that this action is long overdue and does not absolve the company of its previous offenses.Rubio, who has been vocal about Thermo Fisher's cooperation with the Chinese Communist Party,...

The Fed’s Radical Shift Lets Main Street Down

By Duval Times | Jan 4, 2024

Senator Rick Scott from Florida has criticized the Federal Reserve and its Chairman, Jerome Powell, for their handling of the economy. In an op-ed published in The Wall Street Journal, Senator Scott argues that the Fed's "ample reserve" regime has caused a misallocation of capital and is detrimental to small businesses and the American people.Senator Scott takes issue with the Fed's growing balance sheet, which has reached a staggering $7.7 trillion. He points out that this is eight times higher than it was when President Barack Obama took office in 2009. According to...

Sens. Rick Scott & Bob Casey to NYSE & NASDAQ: SHEIN IPO Dangerous for American Consumers

By Duval Times | Jan 3, 2024

Senators Rick Scott and Bob Casey have raised concerns about the risks posed to American investors by the potential initial public offering (IPO) of Chinese fast-fashion retailer SHEIN. In a letter addressed to the Chair of The New York Stock Exchange, Sharon Bowen, and the Chair and CEO of NASDAQ, Adena Friedman, the senators highlighted the allegations of forced labor and unethical business practices associated with SHEIN. They called for the IPO to be halted until SHEIN provides transparency about its labor conditions and improves the transparency of its financial...