User: newstrust Topic: US Economy
Category: Jobs
Last updated: May 25 2019 20:26 IST RSS 2.0
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Pot Industry Owes Reparations to Those Criminalized for Drug Use 25.5.2019
Three leading thinkers and activists in cannabis economic justice discuss strategies with Laura Flanders.
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Big company CEOs got a 7% raise last year — worth $800,000 25.5.2019 LA Times: Business

Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000.

Pay for chief executives at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other compensation,...

Pelosi baited Trump into blowing up the infrastructure deal — and boosted Democrats’ 2020 prospects: Paul Krugman 25.5.2019 Raw Story
In column following his return from vacation, Nobel Prize-winning economist Paul Krugman applauded House Speaker Nancy Pelosi (D-CA) for baiting Donald Trump into blowing up a proposed infrastructure deal which could have helped him with disgruntled voters had he agreed to sign it. According to the ...
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Trump’s $16-billion farm bailout means you’re paying for his tariff war twice 24.5.2019 LA Times: Commentary

We’ll say this for President Trump: When he misunderstands something, he misunderstands it more than anyone else in creation.

Take the business of tariffs. Trump is unshakably convinced that his tariffs are a tax on China. He repeated this grossly erroneous claim just Thursday, during his announcement...

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Three Things Motivating China’s Position in Trade Negotiations With the US 24.5.2019
A breakdown in negotiations has caused U.S.-China relations to deteriorate in recent days.
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Trump’s new NAFTA includes a troubling assault on public health 24.5.2019 Raw Story
The negotiations were strained and at times it looked like it would be stillborn, but the USMCA (the new North American Free Trade Agreement linking the economies of the United States, Mexico and Canada) was signed in November 2018 and awaits ratification. Its future is still uncertain. Although U.S...
In this town, you apply for a job and you get it 24.5.2019 Minnesota Public Radio: Law & Justice
Ames, Iowa, has an unemployment rate of 1.5%, making it the tightest job market in the country. That's great for workers -- but a challenge for those looking for them.
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Despite a booming economy, many U.S. households are still just holding on 24.5.2019 LA Times: Business

Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve survey.

The Fed’s 2018 report on the economic well-being of households, published Thursday, indicated “most measures” of well-being...

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Trump may be screwed in 2020 — even with a good economy: polling expert 24.5.2019 Raw Story
Even with a strong economy and the end of special counsel Robert Mueller’s investigation, President Donald Trump’s poll numbers have remained at historic lows — and according to FiveThirtyEight’s average of poll numbers, Trump has the highest disapproval rating of any preside...
How Well Is the U.S. Economy Doing? Number of Unemployed Americans Drops 23.5.2019 Newsweek Top Stories
The U.S. labor market is in rude health, but economists fear an economic slowdown later this year.
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Tariffs pressure Chinese factories to upgrade or move, not to the U.S. but to a ‘second China’ 23.5.2019 LA Times: Commentary

Christopher Devereux believes anything can be “made in China.”

In 2003, he came to Guangzhou to open ChinaSavvy, a British-owned firm that connects Western companies with Chinese factories to produce metal and plastic goods.

For 16 years, ChinaSavvy supervised factories making everything from industrial...

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Narendra Modi is headed for a second term as India’s prime minister 23.5.2019 Los Angeles Times - Living Green

Indian Prime Minister Narendra Modi was on the cusp of winning a second five-year term on Thursday, fighting off concerns about rising unemployment and religious violence to prevail in one of the country’s most divisive election campaigns in recent memory.

Partial results released by India’s Election...

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Fed officials broadly agreed to keep interest rates steady 23.5.2019 LA Times: Business

Federal Reserve officials believe that their patient approach to interest-rate changes is likely to be appropriate “for some time” — despite pressure from President Trump to lower rates to expedite growth.

That’s the takeaway from the minutes released Wednesday of the Federal Open Market Committee’s...

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Surprise medical bills are driving people into debt: Will Congress act to stop them? 23.5.2019 Minnesota Public Radio: Law & Justice
Lawmakers are discussing several measures to solve the problem of unexpected medical bills, which can wreak havoc in consumers' lives. Here's our guide to the current roster of proposed legislation.
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Deal or No Deal, the Rivalry Between the US and China Will Intensify 22.5.2019
We need an international socialism built on working-class solidarity to end this imperialist rivalry.
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‘It’s a sure winner—except for the profiteers’: 200+ economists send letter to Congress endorsing Medicare for All 22.5.2019 Raw Story
“The time is now to create a universal, single-payer, Medicare for All healthcare system in the United States,” the economists wrote. Ahead of a historic single-payer hearing at the House Budget Committee on Wednesday, more than 200 economists sent a letter to Congress blasting America&#...
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OECD Says World Economy 'Dangerous,' Urges De-escalation Of Trade Tensions 21.5.2019 Newsweek Top Stories
"Unless there is a de-escalation of trade tensions, the outcome could be much worse than in our central scenario," OECD Secretary-General Angel Gurría said.
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Let’s Shut Down the Economy to Fight for Abortion Rights 21.5.2019
The best way to fight against restrictive abortion laws is mass mobilizations and strikes.
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Jamie Oliver Net Worth: TV Chef's Restaurant Chain Goes Into Bankruptcy 21.5.2019 Newsweek Top Stories
Jamie Oliver's restaurant group, Jamie's Italian, is facing collapse and is going into bankruptcy administration.
Postmates workers want minimum delivery guarantees and at least $15 per hour 21.5.2019 techCrunch
IPO-bound Postmates is under fire right now after making some changes to its payments structure for its delivery workers. Organizers at Working Washington say these changes can reduce pay for typical jobs by up to 30 percent. Up until this past weekend, Postmates guaranteed its delivery workers at least $4 per job. Postmates has since […]
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