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Chinese province drops restrictions on unmarried people having children in bid to halt plummeting birth rate | CNN

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Chinese province drops restrictions on unmarried people having children in bid to halt plummeting birth rate | CNN


Hong Kong
CNN
 — 

China’s southwestern province of Sichuan will drop restrictions on single folks having youngsters, a part of a broader try by the federal government to spice up the nation’s plummeting beginning price.

The coverage shift got here after China’s inhabitants shrank final yr for the primary time in additional than six many years, marking a historic second in its deepening demographic disaster.

Presently, the Sichuan authorities solely permits married {couples} to register the births of as much as two youngsters. Ranging from February 15, all residents – together with single dad and mom – can register with no ceiling on the variety of youngsters.

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In China, beginning registration is usually required for folks to entry advantages akin to maternity insurance coverage. It is usually wanted to acquire a family registration doc, or hukou, that grants youngsters entry to social welfare, akin to healthcare and training.

The Sichuan provincial well being fee stated in a press release that by scrapping the restriction on marriage, the brand new measures shifted the main target of beginning registration to “the will and outcomes of childbearing.”

An official from the fee instructed state media the coverage was meant to guard the rights of single moms, as a substitute of encouraging single folks to develop into dad and mom.

The brand new guidelines will grant single dad and mom in Sichuan entry to advantages beforehand reserved for married {couples}, akin to maternity insurance coverage that covers prenatal healthcare, childbirth-related medical bills and paid maternity go away.

Sichuan, residence to greater than 83 million folks, is the fifth most populous province in China.

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Its leisure of beginning registration necessities observe comparable steps taken by different provinces, akin to Guangdong and Shaanxi.

China’s demographic disaster, which is anticipated to have an growing affect on development within the years to come back, has been a key concern for policymakers.

Beijing scrapped its decades-long and extremely controversial “one baby” coverage in 2015, after realizing the restriction had contributed to a quickly ageing inhabitants and shrinking workforce that might severely misery the nation’s financial and social stability.

To arrest the falling beginning price, the Chinese language authorities introduced in 2015 that it could permit married {couples} to have two youngsters. However after a short uptick in 2016, the nationwide beginning price has continued to fall.

Policymakers additional relaxed limits on births in 2021, permitting three youngsters, and ramped up efforts to encourage bigger households, together with via a multi-agency plan launched final yr to strengthen maternity go away and supply tax deductions and different perks to households. However these efforts have but to see outcomes amid altering gender norms, the excessive price of dwelling and training, and looming financial uncertainty.

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Many younger individuals are selecting to marry later or deciding to not have youngsters altogether.

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Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts

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Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts

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Dutch pension funds are set to plough tens of billions of euros into risky assets in Europe, as their move to a system without fixed benefits supports the continent’s efforts to attract investment and bolster its defence sector.

Reforms being rolled out in the Netherlands could lead to its €2tn pensions industry — one of the largest in the world — boosting investment in private equity and credit investments by about 5 percentage points over the next five years, said the head of the biggest Dutch asset manager.

The “largest part” of the anticipated €100bn is expected to be deployed in Europe owing to “more attractive valuations” and a wish to have a “real-world impact”, Ronald Wuijster, chief executive of APG Asset Management, told the Financial Times.

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He added that Dutch funds might be able to do “even more” to finance defence initiatives in the continent, saying that APG had already invested about €2bn in companies that contribute to the defence industry.

Wuijster’s comments came as the EU has been under pressure to raise defence investment, with former European Central Bank president Mario Draghi last year calling on the bloc to boost investments by €800bn annually to keep up with US and China. US President Donald Trump has also demanded governments shoulder a greater burden for Europe’s security.

“There used to be a penalty for private investments and for credit risk that is now diminishing, which increases the budget to take more risk,” Wuijster said.

He added that the reforms would allow investors to consider assets with “a slightly higher risk profile”, predicting an increase of “five-ish” percentage points in risky assets, as well as higher allocation to private assets and credit spreads. 

In 2023, Dutch senators passed a law to transition the country’s occupational pension system into a model in which pension funds no longer guarantee a fixed retirement income to members. The transition is expected to take place between 2025 and 2028.

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The old defined benefit system pushed the schemes into liquid, low-risk assets such as government bonds by requiring pension funds to closely match assets with long-term pensions owed.

The funds will now be able to set target returns that can fluctuate with market movements, removing some liability driven constraints and increasing their risk appetite.

This was a significant step because “psychologically, it puts the funds closer to regular lifecycle investing . . . and on that measure, Dutch pensions are probably taking too little risk”, Wuijster said. 

ABP, which is responsible for the pensions of Dutch civil servants and is by far the largest fund managed by APG with €544bn of assets, expects to transition to the new system by 2027.

At the end of last year, just over a quarter of ABP’s assets were in private markets. About 40 per cent of its private equity exposure was in Europe, which also had 57 per cent of its global allocation in private credit.

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Wuijster said this geographical balance could continue under the new system, and that the shift into private assets and credit would be “a very gradual process” taking place “over the next five years”. 

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FCC chair opens investigation into Disney and ABC over DEI practices

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FCC chair opens investigation into Disney and ABC over DEI practices

The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange on Aug. 8, 2017.

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Richard Drew/AP

Brendan Carr, who was picked by President Trump to chair the Federal Communications Commission, said he’s ordering an investigation into the Walt Disney Co. and its ABC television network over concerns that they are “promoting invidious forms of DEI discrimination,” referring to diversity, equity and inclusion practices.

In a letter to Disney CEO Robert Iger, Carr said the FCC’s Enforcement Bureau will review whether Disney or ABC have violated any FCC equal employment opportunity regulations. He added that the probe will apply to both past and current policies.

“Numerous reports indicate that Disney’s leadership went all in on invidious forms of DEI discrimination a few years ago and apparently did so in a manner that infected many aspects of your company’s decisions,” Carr wrote on Thursday.

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The inquiry comes after Disney scaled back its diversity efforts, either by dropping certain initiatives or softening language around DEI.

Among the changes, Disney+ shortened its warning about racist stereotypes on certain classic movies, like Aladdin and The Jungle Book, removing a longer message written in 2020 that also expressed the company’s commitment to an inclusive community.

Last month, Disney also told employees it would replace “Diversity & Inclusion” for “Talent Strategy” as a performance factor to evaluate executive compensation, Axios reported.

In the letter on Thursday, Carr said although he acknowledged Disney’s recent efforts, he wanted to make sure they were not just surface-level, adding that “all discriminatory initiatives” needed to come to an end.

“Although your company recently made some changes to how it brands certain efforts, it is not clear that the underlying policies have changed in a fundamental manner,” he said.

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Carr took issue with Disney’s Reimagine Tomorrow initiative, which he accused of being a “mechanism for advancing its DEI mission.” The initiative’s social media described itself as a platform meant to amplify “stories and storytellers that inspire a more inclusive world.” While some of its social media accounts remain active, the Reimagine Tomorrow website itself was taken down last month, according to archived versions on the Internet Archive. Axios first reported the website deletion.

Carr also cited a 2020 memo outlining ABC’s updated inclusion standards, which required at least 50% of regular and recurring characters must be drawn from “underrepresented groups.” The same applied for actors and writing staff, according to The Hollywood Reporter.

In a statement, Disney said: “We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with the commission to answer its questions.”

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‘Should I Fire Him?’ Inside Trump’s Deliberations Over the Fate of Michael Waltz

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‘Should I Fire Him?’ Inside Trump’s Deliberations Over the Fate of Michael Waltz

For much of this week, President Trump was consumed by a single question. What should he do about his national security adviser, Michael Waltz?

“Should I fire him?” he asked aides and allies as the fallout continued over the stunning leak of a Signal group chat set up by Mr. Waltz, who had inadvertently added a journalist to the thread about an upcoming military strike in Yemen.

In public, Mr. Trump’s default position has been to defend Mr. Waltz and attack the media. On Tuesday, the day after Jeffrey Goldberg of The Atlantic broke the story about being included in the chat, the president said Mr. Waltz was a “good man” who had nothing to apologize for.

But behind the scenes, Mr. Trump has been asking people inside and outside the administration what they thought he should do.

He told allies that he was unhappy with the press coverage but that he did not want to be seen as caving to a media swarm, according to several people briefed on his comments. And he said he was reluctant to fire people in the senior ranks so early in his second term.

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But for Mr. Trump, the real problem did not appear to be his national security adviser’s carelessness about discussing military plans on a commercial app, the people said. It was that Mr. Waltz may have had some kind of connection to Mr. Goldberg, a Washington journalist whom Mr. Trump loathes. The president expressed displeasure about how Mr. Waltz had Mr. Goldberg’s number in his phone.

On Wednesday evening, Mr. Trump met with Vice President JD Vance; the White House chief of staff, Susie Wiles; the White House personnel chief, Sergio Gor; his Mideast envoy, Steve Witkoff, and others about whether to stick with Mr. Waltz.

Late Thursday, as the controversy swirled, Mr. Trump summoned Mr. Waltz to the Oval Office. By the next morning, the president signaled to people around him that he was willing to stick with Mr. Waltz, three people with knowledge of the president’s thinking said.

People close to Mr. Trump say Mr. Waltz has been able to hang on in part because some in the administration still support him, and because Mr. Trump has wanted to avoid comparisons to the chaotic staffing of his first term, which had the highest turnover of top aides of any presidential administration in modern history.

And while Mr. Trump can always change his mind, the episode shows Mr. Trump’s willingness to disregard external pressures in his second term, while also grappling with the limits of the loyalty tests he imposed for staff across the administration.

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Even before the Signal leak, Mr. Waltz was on shaky footing, viewed as too hawkish by some of the president’s advisers and too eager to advocate for military action against Iran when the president himself has made clear he prefers to make a deal.

An association with Mr. Goldberg, however hazy, gave Mr. Waltz’s opponents more fuel to feed the skepticism.

Some of Mr. Trump closest allies have questioned whether Mr. Waltz, a former George W. Bush administration official, was compatible with the president’s foreign policy. Mr. Waltz had gotten crosswise with Mr. Vance and Ms. Wiles in policy discussions, particularly regarding Iran, according to several people briefed on the matter.

In a statement, the White House press secretary, Karoline Leavitt, said Mr. Trump has a team whose members debate each other but know that he is the “ultimate decision maker.” “When he makes a decision, everyone rows in the same direction to execute,” she added.

Weeks ago, a discussion arose among some aides about whether Mr. Waltz was ideologically aligned with the president. Mr. Trump, who has at times been effusive in private about Mr. Waltz, made clear he did not want to start the cycle of dismissals so early in his second administration, according to two people briefed on the conversation. Mr. Trump, who regretted pushing out his first national security adviser, Michael T. Flynn, after less than a month in 2017, believed it would feed a narrative that he engenders chaos.

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After the Signal thread leaked, someone shared on X a snippet of a 2016 video of Mr. Waltz, produced by a group primarily funded by the billionaire Koch brothers. Speaking as a military veteran, Mr. Waltz looked directly into the camera as he condemned Mr. Trump as a draft-dodger and said, “Stop Trump now.” That snippet drew attention from Mr. Waltz’s critics.

By contrast, Defense Secretary Pete Hegseth’s job appears to be safe, even though he shared detailed information about strike times for the attack on Houthi militants in Yemen in the Signal thread. MAGA stalwarts like Charlie Kirk have defended him online.

Mr. Hegseth “had nothing to do with this,” the president said on Wednesday.

Mr. Hegseth survived a bruising confirmation process in the Senate after being pushed through with help from Mr. Vance, and he has a solid relationship with Mr. Trump.

While Mr. Waltz may keep his job, the controversy has reminded Mr. Trump’s aides that the president’s strategy of crisis management — doubling down and denying, no matter how problematic the facts are — does not seem to work as well for them as it has over the years for Mr. Trump.

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When the Atlantic story broke, Mr. Waltz denied meeting, knowing or communicating with Mr. Goldberg. But that claim was quickly called into question by photos that surfaced from a 2021 event at the French Embassy in Washington, where Mr. Goldberg and Mr. Waltz were pictured standing next to one another. Mr. Waltz’s allies dismissed the idea that the photo suggested the two men knew each other.

But the reality is that while Mr. Trump has demanded loyalty from his staff, some top officials are longtime Washington hands who have relationships, past experiences and contacts with people whom Mr. Trump despises.

“I would say the principle of getting a bunch of yes men and yes women around him is the guiding principle, a foundation of which is not having, or renouncing, any past that may be proof to the contrary,” said John R. Bolton, who worked as Mr. Trump’s third of four national security advisers and then wrote a revealing book about his time in the White House.

“Anybody who’s been around Washington 10 years, 15 years, has all kinds of backgrounds,” Mr. Bolton said.

In Greenland on Friday, Mr. Vance, who was traveling with Mr. Waltz on a visit to try to apply pressure for the United States to take over the territory, made clear that Mr. Waltz was at fault for adding Mr. Goldberg to the Signal thread.

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But Mr. Vance, who was also in the group chat and has defended Mr. Waltz internally in the past, made a point of doing so again. It was a sign that Mr. Trump was ready to move on, for now.

“If you think you’re going to force the president of the United States to fire anybody, you’ve got another think coming,” he said. “President Trump has said it on Monday, on Tuesday, on Wednesday, on Thursday, and I’m the vice president saying it here on Friday, we are standing behind our entire national security team.”

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