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Exclusive: Athene to Take Over $2.8 Billion in J.C. Penney Pension Obligations

J.C. Penney Co. Inc. said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd., ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not

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More Than a Million Illegal Immigrants Expected to Cross Border in 2021: Official

A Border Patrol official estimated that more than 1 million illegal immigrants are expected to arrive at the U.S.-Mexico border in 2021 as the White House grapples with how to find facilities and process them. “We’re already starting to see some higher days of 6,000-plus apprehensions,” Raul Ortiz, deputy chief of the U.S. Border Patrol,

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‘Cold War 2.0’: China Confronts the US With ‘No Holds Barred,’ Says Former National Security Adviser

Believing itself untouchable, China’s communist party is ramping up rhetoric about perceived American weaknesses in a bid to ascend as the next world leader, according to former deputy national security adviser KT McFarland. “They are looking at the rest of the world and saying, okay, America, you are where you are, but we want to

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Georgia House Strips Delta Air Lines of Tax Break After CEO’s Criticism of Voting Integrity Law

The Georgia state House voted on March 31 to strip Delta Air Lines of a significant tax break after the firm’s CEO condemned a recently passed voting integrity law. Led by Republicans, the Georgia House voted to strip the firm of the break that’s worth tens of millions of dollars per year. The Senate didn’t

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Business Owner Takes Private Property Fight Against California’s ‘Union Access Law’ to the Supreme Court

Mike Fahner, the owner of a strawberry operation in northern California who is embroiled in a legal dispute with union organizers that is now before the U.S. Supreme Court, told The Epoch Times’ “Crossroads” program that his challenge to a controversial California union access regulation has broader implications for the protection of private property rights under

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China’s Industrial Development Is Constrained by Shortage of Specialty Gases and Lack of Talents

Commentary Chinese media outlets reported on March 29 that China’s Ministry of Science and Technology and other government departments have recently issued successive policies in an attempt to solve what they call “bottleneck issues,” including the shortage of chips and key technologies. However, the shortage of industrial gases, especially electron specialty gases, is a big

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Police ID Suspect in California Mass Shooting as Aminadab Gaxiola Gonzalez

Officials in Orange County, California, identified the suspect in the mass shooting at a business complex on Wednesday night that left four people, including a child, dead. “The preliminary motive is believed to be related to a business and personal relationship which existed between the suspect and all of the victims,” Orange Police spokesperson Lt.

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Michigan Reports First Case of CCP Virus Variant First Identified in Brazil

Michigan on Thursday reported the state’s first confirmed case of a CCP (Chinese Communist Party) virus variant first identified in Brazil, which is believed to be more contagious than other strains. The variant, named “P.1,” was found in a resident in Bay County, where local health officials were investigating the person’s exposure history. Local health officials

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