Government and Society

Unhappy Ending: Chinese National Pleads Guilty To Money Laundering Over Prostitution Scheme Authored by Frank Fang via The Epoch Times (emphasis ours), A Chinese national has pleaded guilty to laundering more than $2 million from a prostitution enterprise run through spa businesses in New York’s capital region, the U.S. Attorney’s Office for the Northern District of New York announced on March 11. The U.S. Department of Justice in Washington on Aug. 7, 2025. Madalina Kilroy/The Epoch Times Xia Ming, 41, of Flushing, New York, pleaded guilty to conspiracy to commit money laundering on...

Shareholder Ownership Gives Way To Corporate Control Authored by Iain O'Brien via RealClearMarkets, Today's business ownership landscape is increasingly complicated by financial, voting, contractual and capital arrangements. A direct relationship between ownership and control can no longer be assumed, particularly for strategically important companies. Sika, a Swiss chemicals company, entered a four-year corporate battle in 2014, when building-material firm Saint-Gobain announced it would buy a controlling majority. Although the Burkard family owned 16% of shares, a dual-class structure granted them over 52% of voting rights. Sika showed why economic ownership does not...

What exactly are Americans celebrating this Fourth of July? Two hundred and fifty years after the Declaration of Independence proclaimed that all people possess inalienable rights, we now live under a government that increasingly behaves as though rights belong to the government to distribute, restrict and revoke as it sees fit. Freedom has become conditional. […]