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A Pricey Path to Residency: Trump Administration Unveils $1M Gold Card Visa

  The Trump administration has announced the launch of a new immigration initiative dubbed the Gold Card Visa , a program that grants residency to foreign nationals willing to invest $1 million. Marketed as a fast-track entry into the United States, the visa is designed to attract wealthy investors and entrepreneurs seeking long-term opportunities in the country. Officials describe the program as a way to boost economic growth by channeling foreign capital into American businesses and infrastructure. Critics, however, argue that the policy favors the ultra-rich while sidelining skilled workers and families who lack the financial means to participate. The Gold Card Visa is expected to generate debate over the balance between economic incentives and equitable access to immigration. Supporters see it as a pragmatic move to secure investment, while opponents warn it could deepen inequality in the immigration system.
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China’s Central Bank Cuts Reserve Requirement Ratio for Banks to Boost Slowing Economy

 

China’s central bank has announced a cut in the reserve requirement ratio for banks to help boost the slowing economy. The move is expected to provide 1 trillion yuan ($141 billion) in long-term liquidity to the market. The deposit reserve requirement will be cut by 0.5 percentage points as of February 5th, 2024. 

The decision comes as the world’s second-largest economy faces multiple challenges, including a faltering recovery from the shocks of the COVID-19 pandemic. The central bank’s moves appear to be part of a concerted effort to stabilize the markets and instill greater confidence in the outlook for the economy.


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