S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69

Prosecutors recommend dropping charges against MIT professor

Friday, January 14, 2022 | Eric Tucker, Associated Press

WASHINGTON (AP) — Federal prosecutors are recommending dropping charges against a Massachusetts Institute of Technology professor who was accused last year of hiding work he did for the Chinese government while also collecting U.S. dollars for his nanotechnology research, a person familiar with the decision said Friday.

The decision in the case of Gang Chen is expected to be finalized by the Justice Department in the coming weeks, according to the person, who was not authorized to discuss the ongoing case and spoke to The Associated Press on condition of anonymity.

The move comes as the Justice Department nears completion of an internal review of its investigations into, and prosecutions of, university professors in the United States accused of concealing their ties to China. Those investigations are part of the China Initiative, a Justice Department effort launched during the Trump administration to crack down on Chinese economic espionage and trade secret theft. Critics of the efforts have called on the Justice Department to end its pursuit of Chinese academics.

At the time of his January 2021 arrest, prosecutors accused Chen of entering into undisclosed contracts while working for MIT and holding appointments with Chinese entities, including acting as an “overseas expert” for the Chinese government at the request of the People’s Republic of China Consulate Office in New York.

Prosecutors alleged that Chen failed to disclose his connections to China, as is required on federal grant applications. Defense lawyers have maintained that he is innocent of the charges and that there were no significant omissions on the applications.

Prosecutors in Boston have moved to drop the case after new information came to light, including an interview with a high-level Department of Energy official, according to the person familiar with the case. The decision was reported earlier Friday by The Wall Street Journal and The Washington Post.

Two of Chen's lawyers, Robert Fisher and Brian Kelly, declined to comment Friday.

Despite a conviction last month of a Harvard University professor on charges that he hid his ties to a Chinese-run recruitment program, other high-profile cases have faltered.

A federal judge in September, for instance, threw out all charges against a University of Tennessee professor accused of hiding his relationship with a Chinese university while receiving research grants from NASA, and the university has since offered to reinstate him.

____

Follow Eric Tucker on Twitter at http://www.twitter.com/etuckerAP


7 Dividend Stocks that Help Take the Bite Out of Inflation

Inflation and its effects on corporate earnings going forward is the headline story taking over the stock market. The Consumer Price Index rose at a 6.8% pace on a year-over-year (YOY) basis. That marked the fastest rate since June 1982.

And even when the CPI stripped away food and energy prices (because who buys groceries or puts gas in their car?), the CPI was still 4.9% on a YOY level, the highest since 1991.

The market is coming to grips with the idea that not only is inflation is not transitory, but that it’s drawn the attention of the Federal Reserve. And after the Federal Reserve’s last meeting, investors are starting to see how the market may be affected in 2022.

Growth investors may be able to ride out whatever comes next. The same can’t be said for income investors, particularly those who are at or nearing retirement age. The effect of inflation may be having a stark effect on their portfolios at a time when they need money the most.

One great way to offset the effect of inflation in their portfolios is by buying high-quality dividend stocks. And that’s the focus of this special presentation. Dividends can help provide a source of income. And for investors who don’t need the money right away, reinvesting dividends can allow for a greater total return.

In this special presentation, we’ll highlight seven stocks that made the MarketBeat list of 100 dividend-paying companies that received the highest average rating among analysts in the last 12 months.

View the "7 Dividend Stocks that Help Take the Bite Out of Inflation".


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