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Donald Trump’s own treasury secretary blocked Ivanka World Bank role – report
10/10/2021 Comments Off on Donald Trump’s own treasury secretary blocked Ivanka World Bank role – reportIvanka TrumpDonald Trump’s own treasury secretary blocked Ivanka World Bank role – reportSteven Mnuchin said to have stopped move likely to have upset world leaders, which ‘came incredibly close to happening’ Martin Pengelly in New York@ …
Continue reading …US wages are going up, and those who don’t adapt to the new reality will fail | Gene Marks
10/10/2021 Comments Off on US wages are going up, and those who don’t adapt to the new reality will fail | Gene MarksUS small businessUS wages are going up, and those who don’t adapt to the new reality will failLabor is in short supply, so it’s more expensive. It’s simple economics and hankering for pre-pandemic times won’t help Gene Marks@ …
Continue reading …What the US unemployment rate doesn’t tell you
10/10/2021 Comments Off on What the US unemployment rate doesn’t tell youUS unemployment and employment dataWhat the US unemployment rate doesn’t tell youThe true measure of unemployment depends on who you ask Rashida KamalSun 10 Oct 2021 06.00 EDTLast modified on Sun 10 Oct 2021 06.03 EDTJust how healthy is the US jobs market? On Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report, showing that the US added a disappointing 194,000 jobs last month while announcing that the official unemployment rate fell to 4.8%, the lowest it’s been since its frightening climb to 14.7% when the Covid-19 pandemic first struck the US.The figures seem somehow disconnected and, for some, September’s headline figure is woefully misleading, as it is every month. What if the “true” unemployment rate is actually closer to 22%?Overall unemployment rateWhile most reporting (including our own) tends to focus on the BLS’s monthly headline figure – referred to as the “U-3” – the true measure of unemployment depends on who you ask. Some experts argue the official headline figure hides a far darker picture of the state of the labor market.First, it is important to unpack what this commonly cited statistic does and does not tell us.The headline unemployment rate measures the proportion of the American civilian labor force – anyone over the age of 16 – that does not have a job and is still actively looking for work. It does not include the large number of people who have given up …
Continue reading …US adds 194,000 September jobs in another month of disappointing growth
08/10/2021 Comments Off on US adds 194,000 September jobs in another month of disappointing growthUS economyUS adds 194,000 September jobs in another month of disappointing growthDelta variant and tight labor market holding back hiringEconomists had expected about 500,000 new jobs Dominic Rushe@ …
Continue reading …Australia Federal court rules insurers don’t have to pay $1bn in Covid claims from businesses
08/10/2021 Comments Off on Australia Federal court rules insurers don’t have to pay $1bn in Covid claims from businessesInsurance industryFederal court rules insurers don’t have to pay out more than $1bn in Covid claims from businessesJudge finds insurance firms don’t have to grant claims under clauses that relate to the government closing business premises due to a disease outbreak Get our free news app; get our morning email briefing Ben ButlerFri 8 Oct 2021 05.20 EDTLast modified on Fri 8 Oct 2021 06.08 EDTInsurance companies have won a series of test cases in a federal court battle over whether they have to pay out claims, estimated to exceed $1bn, over interruptions to business as a result of the coronavirus pandemic.Federal court judge Justice Jayne Jagot ruled the insurance companies should not have to pay claims made under clauses that relate to the government closing business premises due to an outbreak of disease at or nearby the premises, damage for an outbreak at the premises itself and damage due to restriction of access to premises because of a catastrophe.Jagot said that other than in one of the test cases – a travel agency in Melbourne, where there was an outbreak of Covid – “I have concluded that these insuring clauses do not apply in the circumstances of each case.”Mice, floods and the climate crisis: why your insurance won’t cover society-wide catastrophes | Richard DennissRead moreShe said in nine cases before the court the actions of health authorities in closing down …
Continue reading …Ireland ends 12.5% tax rate in OECD global pact
07/10/2021 Comments Off on Ireland ends 12.5% tax rate in OECD global pactIrelandIreland ends 12.5% tax rate in OECD global pactLow-tax policy of past 18 years had attracted multinationals such as Google and Facebook to Dublin What does the Irish tax deal mean for multinationals? Lisa O’Carroll in Dublin@ …
Continue reading …AT&T funds rightwing channel One America News, Reuters reveals
07/10/2021 Comments Off on AT&T funds rightwing channel One America News, Reuters revealsMediaAT&T funds rightwing channel One America News, Reuters revealsOAN founder said the inspiration for the channel came from AT&T executives but the company disputes the reports S …
Continue reading …‘Death of 1,000 cuts’: Kellogg’s workers on why they’re striking
06/10/2021 Comments Off on ‘Death of 1,000 cuts’: Kellogg’s workers on why they’re strikingBusiness‘Death of 1,000 cuts’: Kellogg’s workers on why they’re strikingUnion took issue with company’s threats to outsource jobs from the US to Mexico if workers refuse to accept their proposals Michael SainatoThu 7 Oct 2021 02.00 EDTLast modified on Thu 7 Oct 2021 02.02 EDTAbout 1,400 Kellogg’s workers at four US plants have gone on strike after their current union contracts expired and amid accusations that the cereal giant is offshoring jobs.The workers, represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), produce cereals for brands, including Rice Krispies, Fruit Loops, Frosted Flakes and Raisin Bran, at plants in Michigan, Tennessee, Nebraska and Pennsylvania.Trevor Bidelman, president of BCTGM Local3G and a fourth-generation employee at the Kellogg’s plant in Battle Creek, Michigan, explained workers are on strike against a proposed two-tier system for current and new employees proposed by Kellogg’s. Bidelman said Kellogg’s wants to not offer pensions to new employees, remove cost of living provisions, and make changes in holiday pay and vacations.“We’re fighting for our future,” said Bidelman. “We made it very clear from the onset of negotiations that this was not something we’ll be able to accept.”Shortly before the strike, Kellogg’s announced plans to cut 212 jobs at the Battle Creek, Michigan, plant over the next two years, including 174 positions represented by the union. The plant currently employs about 390 workers. Kellogg’s cited plans to streamline efforts and relocate cereal production to other facilities …
Continue reading …Only London’s highest earners able to rent privately at affordable cost, ONS says
06/10/2021 Comments Off on Only London’s highest earners able to rent privately at affordable cost, ONS saysRenting propertyOnly London’s highest earners able to rent privately at affordable cost, ONS saysMajority of renters facing ‘uphill struggle’ as housing costs in parts of England rise again Coronavirus – latest updates See all our coronavirus coverage Hilary OsborneWed 6 Oct 2021 08.28 EDTLast modified on Wed 6 Oct 2021 10.16 EDTOnly the top 25% of earners in London were able to privately rent a property in the city at an affordable rate last year, according to official figures on costs across England.Data from the Office for National Statistics revealed that for three-quarters of households, rents in the capital were set at a level equal to more than 30% of their income.The ONS said it considered an area to have affordable private rent if tenants spend no more than 30% of their income on it.Rents in some parts of the country dropped when the pandemic struck but in recent months agents have reported that costs have started to rise again.Tenants were not offered the same payment breaks as mortgage borrowers during the early months of the crisis but were given protections from eviction.A ban on landlords repossessing their properties has ended, and there have been warnings that families who had been receiving the £20 universal credit increase until it was discontinued on Wednesday could struggle to keep their homes.The ONS data, which looked at median earnings among tenants before tax and median rents across the country from 2012-20, underlines …
Continue reading …Global deal on 15% minimum tax rate for multinationals edges closer
05/10/2021 Comments Off on Global deal on 15% minimum tax rate for multinationals edges closerGlobal economyGlobal deal on 15% minimum tax rate for multinationals edges closerAlmost 140 countries understood to be in final OECD talks on measures to stop firms moving profits to tax havens Richard Partington and Lisa O’CarrollTue 5 Oct 2021 10.58 EDTLast modified on Tue 5 Oct 2021 12.17 EDTAlmost 140 countries are edging closer to a global deal on the taxation of multinationals, with agreement on a minimum 15% rate of corporation tax set to be announced as part of a landmark statement at the OECD in Paris on Friday.Governments representing more than 90% of the world economy are understood to be in the final stages of talks on a global minimum rate and other measures designed to stop multinationals shifting profits into tax havens.It is understood the accord will update several key details from an outline statement signed by 130 countries in July. Sources indicated a 15% rate was likely to be settled upon as part of the OECD’s Inclusive Framework tax negotiating forum, in a move backing down from an earlier agreement for a minimum of “at least 15%”.In a sprint to agree further details after almost a decade of negotiations, the push to issue a statement comes before a key meeting between G20 finance ministers taking place in Washington next week.Ireland, one of nine countries that declined to sign the OECD headline agreement in July, is expected to sign the landmark deal on Friday.The French economy minister, Bruno …
Continue reading …- Celebrating the Resilience of Low-Income Women
- CEOs Get to Retire Comfortably. Workers Like Me Deserve the Same.
- Jobs Increased 339,000 In May, Unemployment Up 0.3% To 3.7%
- The decline of job creation at new establishments
- Contractor faces 2 serious citations after US Department of Labor finds safety failures led to welder’s death at Bonner Bridge demolition project
- Investigation into worker’s severe arm injury finds Cusseta auto parts manufacturer, supplier willfully ignored safety precautions
- ‘It’s a sweat factory’: Instacart workers ready to strike for pay and conditions
- Ships backed up outside US ports pumping out pollutants as they idle
- Privacy fears as Moscow metro rolls out facial recognition pay system
- ‘We are not machines’: Hollywood workers poised to strike for better conditions
- Boeing pilot indicted for allegedly deceiving US regulators over 737 Max
- Ipswich apprentice butcher encourages others to consider industry
- Ipswich apprentice butcher encourages others to consider industry
- Over 10,000 John Deere workers strike over ‘years’ of poor treatment
- Corporations are pledging to be ‘water positive’. What does that mean?
- US Department of Labor investigation of crane collapse, double fatality on Interstate 10 finds Lufkin company failed to assemble crane properly
- For the 6th time in 7 years, federal inspectors find Illinois contractor putting construction workers at risk of industry’s deadliest hazard
- US Department of Labor proposes $83K in fines to healthcare facility for failing to protect workers from coronavirus hazards
- Facebook says it will do more to prevent online hate, harassment
- As U.S. prepares to reopen border, some urge Canada to relax testing requirement
- Biden orders companies to ease supply chain bottlenecks or he’ll ‘call them out’
- What is the ‘new model’ the EU is proposing for Northern Ireland?
- Apple to make 10 million fewer iPhones due to microchip shortage
- US Department of Labor, Mexican Consulate in Boston enter alliance to promote workplace safety, health among New England’s workers
- US Department of Labor sues Austin luxury car dealer that retaliated against employee who raised concerns of coronavirus hazards
- Vaccine hesitant New Yorkers consider leaving the city as mandates take effect
- Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’
- House passes bill to raise US debt ceiling through early December
- ‘The stakes couldn’t be higher’: GE urged to invest in green US jobs
- Zellers returns — kind of — but the lowest price isn't quite the law
- Cement makers across world pledge large cut in emissions by 2030
- India faces electricity crisis as coal supplies run critically low
- California justice department to investigate enormous oil spill