US takes new step on delisting Chinese companies from stock exchanges for audit violations

US takes new step on delisting Chinese companies from stock exchanges for audit violations

The audit requirement, established in 2002, has been applicable to all foreign companies that seek to issue public stocks in the US. According to the SEC, China and Hong Kong are the only country or territory that house companies refusing to abide by the rules.

Really?!

US to erase student debt for those with severe disabilities

US to erase student debt for those with severe disabilities

Advocates have pressed the Education Department to eliminate the monitoring period entirely and to provide automatic debt relief to people who the Social Security Administration already identifies as permanently disabled.

Under the new action, both demands will be met. Starting in September, the Education Department will start erasing student debt for 323,000 Americans identified in Social Security records as being permanently disabled.