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No, Defense Secretary Lloyd Austin Isn't Considering 'Defunding' US Army


Origin
In late January 2021, readers sent Snopes a meme circulating on Facebook that was mocked up to look like a screenshot of part of a news article that falsely reported newly confirmed U.S. Secretary of Defense Lloyd Austin planned on “defunding, maybe disbanding” the Army, and relying on China to provide national defense.
This is not a screenshot of a real news article. Rather, it appears to be an altered image spread around Facebook for the purpose of sharing misinformation. The screenshot included the byline of Joe Gould, a reporter for the military-oriented news website and magazine Defense News. No such article penned by Gould or any other reputable journalist exists. ....

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Chinese Stocks: Gauging Risk in a Biden Administration


Chinese Stocks: Gauging Risk in a Biden Administration
John Divine
© (Jabin Botsford/The Washington Post via Getty Images)
President Joe R. Biden speaks about the economy before signing executive orders in the State Dining Room at the White House on Friday, Jan 22, 2021 in Washington, DC.
China s clear emergence as an economic superpower in the 21st century has brought with it the mainstreaming and legitimization of Chinese stocks for U.S. investors.
The 2010s, in particular, brought a symbolic indication of Chinese firms might with the record-setting 2014 initial public offering of e-commerce giant Alibaba Group (ticker: BABA), which still reigns supreme as the world s largest-ever public offering of a nonstate entity, raising $21.8 billion. ....

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In 'mecca of hip-hop,' rappers rally for Georgia Democrats ahead of Senate runoffs


In mecca of hip-hop, rappers rally for Georgia Democrats ahead of Senate runoffs
ABCNews
Following President-elect Joe Biden s 2020 win against President Donald Trump, many hip-hop artists are turning their focus to the high-stakes Georgia Senate runoffs, where Democrats are running to unseat two Republican incumbent senators.
Democrats Rev. Raphael Warnock and Jon Ossoff face off against current GOP Sens. Kelly Loeffler and David Perdue on Tuesday. The Democratic Party, which maintained a narrow lead in the House in 2020, needs to capture both Senate seats to flip the balance of power in the upper chamber.
Communities of color in Atlanta and the surrounding areas were key to Biden s narrow win against Trump in the Peach State, where the Black vote is especially powerful, hip-hop artists are hoping to boost turnout and deliver another win for Democrats. ....

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