The government is ignoring people’s distress and the worsening crisis – and it has no solutions. Recently released estimates of India’s economic output show that people are not spending enough. The only reason this can be is because they do not have sufficient income, and their buying power is limited. On the other hand, prices of all essential commodities are increasing at a disturbingly high rate. This will further restrict spending. Industrial production has grown at snail’s pace, and with people not having enough to spend, demand will continue to be low and industrial output too will languish. Bank credit for large industries […]
Jobs
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Above Photo: Matt Reuscher, left, became a solar electrician after being laid off from an Illinois coal mine. Photo courtesy of Matt Reuscher. Former Chicagoan Twiggy Hamilton, right, works for energy justice in her role as policy analyst for a New York solar developer. (Twiggy Hamilton). While Illinois Phases Out Coal, Clean Energy Jobs Hold Promise—Both For Displaced Coal Workers, And Those Harmed By The Fossil Fuel Economy. Matt Reuscher was laid off a decade ago from Peabody Energy’s Gateway coal mine in Southern Illinois, in the midst of a drought that made the water needed to wash the coal too scarce and […]
Above Photo: Matt Reuscher, left, became a solar electrician after being laid off from an Illinois coal mine. Photo courtesy of Matt Reuscher. Former Chicagoan Twiggy Hamilton, right, works for energy justice in her role as policy analyst for a New York solar developer. Twiggy Hamilton. While Illinois Phases Out Coal, Clean Energy Jobs Hold Promise. Both For Displaced Coal Workers, And Those Harmed By The Fossil Fuel Economy. Matt Reuscher was laid off a decade ago from Peabody Energy’s Gateway coal mine in Southern Illinois, in the midst of a drought that made the water needed to wash the coal too scarce […]
A Just Transition Requires Green Jobs And Good Access To Domestic Travel Options In their new report titled, “The right track for Green Jobs” Possible, Autonomy UK and Safe Landing present scenarios for showing that cuts to aviation can more than compensate for job losses to the aviation sector. No more excuses, green jobs are possible especially when people are willing to fly less. While we at Stay Grounded and those in our network have proposed numerous strategies for reducing climate impacts from aviation, we also realize the need to emphasize a just transition towards a grounded future that helps counter […]
Above Photo: Getty Images. The Industry Is Wildly Fudging The Numbers To Make Itself Look Like A Major Job Creator. We Shouldn’t Be Fooled. For years now, any discussion about climate action or the need to move off fossil fuels has run headlong into a familiar quandary: The industries fueling the climate crisis create good jobs, often in areas of the country where finding work that can support a family is incredibly difficult. This leaves activists gesturing towards well-intentioned goals like a “just transition,” a promise that likely rings hollow for workers and many labor unions because it’s hard to see where this has actually happened — even […]
Above Photo: @AFL-CIO / Twitter. Botched Policy Responses To Globalization Have Decimated Manufacturing Employment. The Costs For Black, Brown, And Other Workers Of Color are often overlooked. The mismanaged integration of the United States into the global economy has devastated U.S. manufacturing workers and their communities. Globalization of our economy, driven by unfair trade, failed trade and investment deals, and, most importantly, currency manipulation and systematic overvaluation of the U.S. dollar over the past two decades has resulted in growing trade deficits—the U.S. importing more than we export—that have eliminated more than five million U.S. manufacturing jobs and nearly 70,000 factories. […]
Above Photo: Members of the Korean Health and Medical Workers Union, a KCTU affiliate, gather in front of the Ministry of Health and Welfare in Sejong City, South Korea, on June 23, 2021, to demand improved working conditions and expand public health care. (KCTU) On October 20, at least half a million workers in South Korea — from across the construction, transportation, service, and other sectors — are walking off their jobs in a one-day general strike. The strike will be followed by mass demonstrations in urban centers and rural farmlands, culminating in a national all-people’s mobilization in January 2022. The Korean […]
Five Key Takeaways From The November Jobs Report By Paul Wiseman, AP News. December 6, 2020 Five Key Takeaways From The November Jobs Report2020-12-062020-12-06https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/jobs.png200px200px Above photo: This May 7, 2020, file photo shows a man wearing a mask while walking under a Now Hiring sign at a CVS Pharmacy during the coronavirus outbreak in San Francisco. AP Photo/Jeff Chiu. Washington, DC – Evidence was abundant in the November jobs report that the U.S. economy’s tentative recovery is sputtering as coronavirus cases accelerate and federal aid runs out. Hiring slowed sharply. Hundreds of thousands of people gave up looking for work. The […]
South Dakota Gov. Kristi Noem capitalized on news that police officers are leaving Seattle at record rates amid budget calls and ongoing protests by offering them work in her state. In her message to Seattle police officers, the Republican governor promised South Dakota would not “demonize” them. “In South Dakota we stand WITH you,” she tweeted on Saturday. The governor even added a link to a website listing law enforcement job openings. Noem’s tweet follows Friday news that Seattle police officers are leaving their department at an “unprecedented” rate. The department currently has around 1200 officers employed, the lowest number in […]
An Afghan refugee-turned-famous Swedish expert on education and integration, Hamid Zafar, has had his perfect public image ruined after a local newspaper discovered hateful comments he had been posting online under a pseudonym. Zafar arrived in Sweden as a refugee child and rose to prominence as a symbol of successful integration. Brought up in what is being described as a “socially vulnerable” district of Gothenburg, the man took charge of a troubled local school and became known throughout Sweden simply as ‘Rector Hamid’. His career has been on the rise ever since: between working at the Swedish Schools Inspectorate and giving […]
Although not a bulwark of the Norwegian economy, the tourism industry accounts for over 165,000 jobs in a nation of 5.4 million and corresponds to 1.8 percent of its GDP. According to new analysis by the Confederation of Norwegian Enterprise (NHO), total tourist consumption between January and August of 2020 fell by a staggering NOK 41 billion ($4.4 billion) compared with the same period last year, the news outlet Kampanje reported. The decline in tourist consumption was most significant among foreign tourists, with a 68% decline in the period – from NOK 46 billion (nearly $5 billion) to NOK 14 billion […]
Watching well heeled, well paid and pompous Tories on the news all morning trying to convince us there is no money left in the cookie jar to support millions of workers facing the sack due to increased Covid19 restrictions made me think about nuclear weapons and the narrow contrived parameters of political discourse in the UK. Not one journalist had the cojones to ask how the UK can afford Trident but not to support low paid hospitality workers? Or how these politicians expect us to believe ‘we are all in it together’ while they get a £3,300 wage increase to over […]
As for so many of us, the past several months formed a season of loss for Wynton Marsalis. His father, pianist Ellis Marsalis—who Wynton described on his blog as “a humble man with a lyrical sound”—died on April 1, at 85, from complications of COVID-19. One of his clearest mentors, the writer and critic Stanley Crouch, died on Sept. 16, at 74. The celebrated trumpeter is, as are we all, caught in an extended period of estrangement—his last public performance with his orchestra was more than seven months ago. This new reality requires that Marsalis hustle harder and in new ways […]
New Jobs Report Consistent With Weak Economy October 4, 2020 New Jobs Report Consistent With Weak Economy2020-10-042020-10-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/congress-e1601822826362.jpeg200px200px Above photo: Flight attendants, airline pilots and other aviation workers hold a protest organized by the Association of Flight Attendants urging the US Congress to pass a Covid-19 relief package and extend the Paycheck Support Program to save aviation jobs during a rally outside the US Capitol in Washington, DC, on September 9, 2020. Saul Loeb | AFP | Getty Images. NOTE: This article is from the corporate media, so it’s important to understand that bias. For one thing, the article cites an unemployment […]
A store announces its looming closure in Salt Lake City on Aug. 30, 2020. An economic recovery is starting to show signs of losing momentum as businesses close and companies announce big layoffs. Rick Bowmer/AP hide caption toggle caption Rick Bowmer/AP A store announces its looming closure in Salt Lake City on Aug. 30, 2020. An economic recovery is starting to show signs of losing momentum as businesses close and companies announce big layoffs. Rick Bowmer/AP Updated at 8:49 a.m. ET Job growth slowed sharply in September, as U.S. employers added just 661,000 new workers. The report from the Labor Department […]
After spending most of the first presidential debate shouting incoherently, Donald Trump finished it off with a crystal clear message. “I’m urging my supporters to go into the polls and watch very carefully,” he said, stoking fears of potentially violent election day interference. At home in Chicago, Kayleigh Glaza missed Trump’s comment at first. “There was so much yelling and other stuff happening,” she said. One of her friends mentioned it later in a debate night group chat. Glaza, a former writer for a food magazine who was furloughed during the pandemic, felt “scared” when she read the text. She plans […]
US airlines are preparing to lay off tens of thousands of employees unless they get additional federal aid. The industry has been struggling to stay afloat amid an unprecedented collapse in air travel due to the Covid pandemic. American Airlines CEO Doug Parker said late Wednesday that the carrier has no choice but to cut 19,000 jobs after attempts to get more federal money failed. The CEO of United Airlines, Scott Kirby, said the decision to cut 13,000 jobs marked “a very sad day for all of us here at United.” Earlier in the day, Parker told CNN he still hoped that the job cuts might […]
Back in early spring, Khristan Yates worked as a quality assurance analyst at a marketing company and loved her job. “I had one of the best jobs of my career,” recalls Yates, 31, a resident of Chicago. Yates, who’s a mother of two children, had moved into a bigger apartment just before the pandemic hit because she wanted to give her kids more space. At the time, she felt like she was “at the top of her world.” But as the economic effects of the pandemic hit the marketing industry among others, she lost her job in May. Yates is among […]
As cinemas across India remain shut down despite unlock phase 4, the Multiplex Association of India and Bollywood celebs have appealed to the government to allow their re-opening. Since the pan-India lockdown on 25 March, hundreds of people working in the cinemas have lost their jobs, while the movie theatres are facing financial problems. Bollywood celebs Richa Chadha, Anurag Kashyap, Nimrat Kaur Anubhav Sinha, Manoj Bajpayee, Karan Johar along with Multiplex Association of India took to social media on Tuesday to appeal to the government for the “reopening of cinema on an urgent basis”, making #UnlockCinemaSaveJobs trend online. The Producers’ Guild […]
America’s Current Jobs ‘Great Depression’ September 11, 2020 America’s Current Jobs ‘Great Depression’2020-09-112020-09-11https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/line-food-bank-e1599870392277.jpg200px200px Above photo: Stephanie Keith, Getty Images. “Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently published an article in the widely read capitalist source, Foreign Affairs, entitled ‘The Pandemic Depression’. Arguing primarily from a global perspective, the economists have concluded the US economy as of the 3rd quarter 2020 is not merely now experiencing a ‘great recession’ but now qualifies as another Great Depression. There is another perspective, however, from […]
A scandal has erupted amid comments which were allegedly made by President Donald Trump where he called dead United States servicemen “losers” and suckers”, according to a bombshell Atlantic magazine article on Thursday. US President Donald Trump attacked the widow of Apple co-founder Steve Jobs, Laurene Powell Jobs, due to her stake in The Atlantic, doubling down on an ongoing scandal that first unveiled in the magazine that he allegedly called US war soldiers and dead “losers” and “suckers”. The tweet came in response to another post by Turning Point USA founder Charlie Kirk, who said that Powell Jobs, who owns part of […]
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. HOLIDAY NOTICE: First Mover will publish next on Tuesday, Sept. 8. Happy Labor Day to our U.S. readers. Price Point Bitcoin (BTC) was up in early trading to $10,500, rebounding after Thursday’s 11% tumble, the biggest single-day decline since March. The sell-off, which took prices as […]
https://cdn1.img.sputniknews.com/img/105251/12/1052511245_0:0:1920:1080_1200x675_80_0_0_809f1277b0d541420eb453730f9b5509.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/latam/202009031080352655-mexico-citys-authorities-say-will-create-300000-jobs-to-reactivate-economy/ MEXICO CITY (Sputnik) – Mexico City Mayor Claudia Sheinbaum has presented a plan to reactivate the region’s economy in the amount of $5.3 billion, under which the city will create 300,000 jobs lost as a result of the COVID-19 pandemic. “We estimate private investment at 75 billion pesos [$3.45 billion] over the last five months of this year and the first months of next year to create 300,000 jobs”, Sheinbaum said during the presentation of the economic program, which was broadcast on the city government microblog on Twitter. In addition to private funds to […]
Retired postal worker Glenda Morris protests postal cutbacks on Aug. 25, 2020, in New York. African Americans make up 27 percent of the Postal Service, about twice their share of the overall workforce. Mark Lennihan/AP hide caption toggle caption Mark Lennihan/AP Retired postal worker Glenda Morris protests postal cutbacks on Aug. 25, 2020, in New York. African Americans make up 27 percent of the Postal Service, about twice their share of the overall workforce. Mark Lennihan/AP Postmaster General Louis DeJoy’s cost-cutting measures have raised concerns about mail-in voting. But critics worry they may also set the stage for privatizing the U.S. […]
https://cdn1.img.sputniknews.com/img/107856/19/1078561980_0:0:3062:1723_1200x675_80_0_0_d8e6c66d0300a0c68cd3e2f5f275eaaf.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Andrei Dergalin. Sputnik International https://sputniknews.com/society/202008251080274954-i-was-so-jealous-bill-gates-reveals-what-steve-jobs-qualities-he-envied/ Mentioning Jobs’ accomplishments, Gates also noted how the former managed to help revive Apple back in 1997 and roll out a line of products that included the iPod, iPhone and iTunes. American entrepreneur and Microsoft co-founder Bill Gates has praised his late rival, former Apple CEO Steve Jobs, over certain qualities that the latter possessed in life. During his recent appearance on the “Armchair Expert” podcast, Gates described Jobs as a “genius” who really had a way with people. “He was such a wizard at over-motivating people — I was a minor […]
At North Carolina Colleges, ‘Safe Jobs Save Lives’ By Calvin Deutschbein, Workers World. August 19, 2020 At North Carolina Colleges, ‘Safe Jobs Save Lives’2020-08-192020-08-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/unc-protest-for-safe-schools-e1597808235953.jpeg200px200px Above photo: UE 150 organized an action at North Carolina State University in Raleigh on Aug. 6. NCSU, the only UNC System school larger than UNC-Chapel Hill, also reopened for in-person classes on Aug. 10. UE150. At 2:15 p.m. on Friday, Aug. 14 — as the first week of in-person classes at the University of North Carolina wound to a close — the independent student newspaper, the Daily Tarheel, made the announcement: “BREAKING: Carolina Housing reported two COVID-19 clusters […]
In an effort to prop up the floundering economy amid the fallout from the coronavirus pandemic, the UK government announced a job retention scheme in March, with companies paid up to 80 percent of the wage bill for furloughed employees. British employers are beginning to acknowledge the unavoidability of difficult decisions such as axing staff to navigate an unforgiving labour market, as the UK government hastens to restart the country’s COVID-19 pandemic-battered economy. Amid an easing of lockdown rules and touted schemes such as Eat Out to Help Out to support local restaurants, cafes and pubs against the backdrop of warnings […]
FA Cup winners Arsenal are facing a barrage of negative publicity after announcing that 55 jobs within the club are to be cut due to the coronavirus pandemic, as boss Mikel Arteta plots several lucrative transfer deals. A statement issued on Wednesday announcing the job cuts explained that the club were taking several measures to address the drop in broadcast revenue endured throughout the ongoing COVID-19 pandemic, with the numerous layoffs affecting the football, commercial and administrative departments of the team. Also on rt.com Arsenal outcast Mesut Ozil TURNS DOWN transfer to Fenerbahce as former Miss Turkey wife pushes for move […]
President Donald Trump has signed an executive order preventing federal agencies from hiring foreign workers via H-1B visas. In addition, Trump fired two federal executives for outsourcing US jobs and “betraying” Americans. Trump’s order, signed on Monday, requires federal agencies to prioritize US citizens and Green Card holders before outsourcing labor to foreign workers – who can come to the US on H-1B visas. Use of these visas is common in the tech sector, and 180,000 of them were issued last year, according to State Department statistics. Government agencies will now be required to conduct an internal audit to make sure […]
In his “Build Back Better” agenda, presumptive Democratic presidential nominee Joe Biden focuses largely on climate change, aiming at trying to “achieve the groundbreaking Paris Climate Accords”, a plan that sets a goal of significantly reducing carbon emissions around the world. The presumptive Democratic presidential nominee, Joe Biden, during a speech in Wilmington, Delaware, announced his major $2 trillion climate change plan that aims to boost the development of sustainable energy and create more jobs. Outlining his contrast to incumbent President Donald Trump, who is not known to accept the reality of the climate crisis, Biden said that he thinks of the […]
WASHINGTON (Sputnik) – The resurgence of COVID-19 cases is hanging over the US economy like a thick fog of uncertainty, with recovery likely suppressed and job market recovery hurt by the second wave of the pandemic, Federal Reserve Governor Lael Brainard said on Tuesday. “A thick fog of uncertainty still surrounds us, and downside risks predominate. The recovery is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge,” Brainard said in a web-streamed speech entitled Navigating Monetary Policy through the Fog of COVID. “It is unclear whether the rapid pace […]
The UK high street has seen a tidal wave of job losses due to the impact of the coronavirus pandemic. Last week retailers such as Harrods and Topshop announced redundancies and now John Lewis and Boots have been added to the list. High Street Retailers John Lewis and Boots have announced 5,300 job cuts due to store closures. This comes after the loss of nearly 9,000 high street jobs were announced last week due to redundancies at retailers including Harrods, the Arcadia group who own Topshop and SSP, the company behind hundreds of railway and airport eateries. Boots is cutting 4,000 […]
A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups. Our main discussion is with Daniel Lacalle. Daniel is chief economist at Tressis and is the author of numerous books including “Life in the Financial Markets,” “Escape from the Central Bank Trap” and his most recent, “Freedom or Equality.” He has been named one of the 100 most influential economists in the world by Richtopia. In this conversation, he and NLW discuss: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides […]
United States: Record 47.2% Of Working-Age Without Jobs July 7, 2020 United States: Record 47.2% Of Working-Age Without Jobs2020-07-072020-07-07https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/image-1.jpg200px200px Above photo: A pregnant woman waits in line for groceries with hundreds during a food pantry, sponsored by Healthy Waltham for those in need due to the COVID-19 virus outbreak, at St. Mary’s Church in Waltham, Mass. AP Photo/Charles Krupa. According to newly released Bureau of Labor Statistics (BLS) figures, 47.2 percent of working-age Americans were without work in May, the highest level recorded since the end of World War II. The numbers are based on the BLS employment-population ratio, which states the […]
Does MSNBC’s Rachel Maddow ever get tired of being wrong? She pushed the Russia hoax on a nightly basis for three solid years, you would think that alone would have been enough to shame her off the national stage, but no. She just keeps going on being wrong about other things. The latest example is the June jobs report. She gleefully predicted the numbers would be terrible. TRENDING: LIVESTREAM VIDEO: Via RSBN– President Donald Trump with First Lady Melania Speaks at Mount Rushmore on July 4th Weekend 10:10 PM ET The Daily Caller reports: Rachel Maddow Wrongly Predicted Jobs Numbers Would […]
A restaurant server in New York prepares a table. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images A restaurant server in New York prepares a table. Spencer Platt/Getty Images Employers added 4.8 million jobs last month, as the U.S. economy continued to slowly bounce back from a deep and painful coronavirus recession. The unemployment rate dipped to 11.1%. Job growth accelerated from May, when revised figures show employers added 2.7 million jobs. What’s odd, this time, is that the closely-watched monthly jobs report offers a snapshot of the economy that was already somewhat out of date as soon as […]
Cartoonist Scott Adams has received a barrage of criticisms from ‘woke’ Twitter users angered by his claim that he’s lost three jobs due to being white, one being on the cancelled adaptation of his comic strip ‘Dilbert’. “I lost my TV show for being white when UPN decided it would focus on an African-American audience,” Adams tweeted. “That was the third job I lost for being white. The other two in corporate America. (They told me directly.)” Adams was responding to ‘Star Wars’ actor Ahmed Best (best known as the voice of Jar Jar Binks), who is black, tweeting about his […]
The Resolution Foundation think tank has warned that Britain needs to embark on its biggest peacetime job creation package, in order to prevent the worst unemployment crisis seen in a generation. Nafis Alam, a Research Affiliate CCAF at the University of Cambridge, believes that the situation unfolding in the wake of the coronavirus pandemic is unprecedented and a coordinated effort between the different sectors of economy is needed to bring economies back on track. Sputnik: How important are these findings that are being presented in the media? Is the Resolution Foundation right in calling for a focus on job creation? Nafis […]
Rebuilding After Recession: A Plan For Jobs By Janet Williamson, TUC. June 25, 2020 Rebuilding After Recession: A Plan For Jobs2020-06-252020-06-25https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2017/06/Solar-Install-Top2-e1496763632969-150×99.jpg200px200px Above photo: Workers installing solar panels from Oxfam International/flickr. Key findings Research carried out for the TUC by Transition Economics reveals that fast-tracking spending on projects such as broadband, green technology, transport and housing could deliver a 1.24 million jobs boost by 2022. The analysis shows that projects which could create jobs include: Investment in high-speed broadband: this could help create over 40,000 new jobs Research and development in de-carbonizing technology in manufacturing: this could help create over 38,000 new jobs Expanding and upgrading the rail network: this could help […]
US President Donald Trump has signed an executive order putting new restrictions on foreign work visas until the end of 2020, a move the administration said is needed as the economy suffers in the wake of Covid-19 lockdowns. Signed on Monday evening, the order freezes several types of work visas – including the H1B for highly skilled workers – which the White House says will keep some 500,000 American jobs from going to foreign employees, part of what it deemed an “America-first recovery.” “American workers compete against foreign nationals for jobs in every sector of our economy, including against millions of aliens […]
New Delhi (Sputnik): Millions prepare for “prestigious” government jobs in India every year. However, aspirants are now in the doldrums due to the pandemic-induced uncertainty over recruitment as current employees are already facing salary cuts; vacancies are shrinking and recruitment for various jobs in the government sector are on hold. India’s 2020 budget put emphasis on job creation when Indian Prime Minister Narendra Modi promised to create a $5-trillion economy. However, the pandemic has jeopardised these prospects, with recruitment for several federal and state government jobs presently on hold or postponed. According to data presented by the Ministry of Personnel in […]
Racism, Lack Of Jobs As Workers Face Social Pandemic By G. Dunkel, Workers World. June 17, 2020 Racism, Lack Of Jobs As Workers Face Social Pandemic2020-06-172020-06-17https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/06/black-unemployment-from-workers-world-e1592410910565.jpg200px200px Above: photo Black Unemployment from Workers World. On June 5, President Donald Trump was over the moon with joy. The numbers were “stupendous,” “AMAZING” and “INCREDIBLE.” The Dow Jones stock index was up by 829 points, or 3.2 percent, so speculators who bet right made billions. It didn’t last. June 11 saw a decline of 1,800 points. The Department of Labor reports that more than 1.5 million U.S. workers filed for new state unemployment checks that week […]
Farmworkers in Yakima, Washington’s fruit packing industry walked off production lines in May and went on strike, demanding more protections against the coronavirus pandemic. Above, Emmanuel Anguiano-Mendoza (left) and Agustin López hold posters featuring David Cruz, a worker who died on May 30. Enrique Pérez de la Rosa/Northwest Public Broadcasting hide caption toggle caption Enrique Pérez de la Rosa/Northwest Public Broadcasting On May 30, David Cruz died of COVID-19, before he could finish remodeling his Yakima home. Cruz, 60, had only replaced about a quarter of the old darkened roof tiles with clean green ones. Old gutters lie in his backyard […]
German flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19 crisis. The company said it would operate 100 fewer aircraft, leading to an excess of 22,000 full-time positions, or 26,000 employees, across the Lufthansa Group. Half of the job losses will affect staff in Germany, it said. Lufthansa warned earlier this month that cost-cutting measures, including job reductions, were on the cards. It had already instructed 87,000 of its around 137,000 staff to work fewer hours. “The recovery in demand […]
UK 11:59 GMT 08.06.2020Get short URL Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/uk/202006081079555227-british-petroleum-reportedly-set-to-cut-10000-jobs-amid-covid-19-fallout/ Source link
While the market expects bitcoin to be calm over the next few days, attention is now on the economy, with the U.S. looking as if it turned a corner in May. However, some observers see fundamental problems ahead. Bitcoin (BTC) was trading around $9,735 as of 20:00 UTC (4 p.m. ET), gaining 1% over the previous 24 hours. At 00:00 UTC on Friday (8:00 p.m. Thursday EDT), the world’s largest cryptocurrency by market capitalization was changing hands around $9,800 on spot exchanges like Coinbase. The price stayed around there until 10:00 UTC (6:00 a.m. EDT), when selling caused bitcoin to drop […]
Europol, the European Union’s law enforcement agency, has its eyes on the popular bitcoin privacy tool Wasabi Wallet, documents verified by CoinDesk show. Marked for “law enforcement only,” a two-part report by Europol’s European Cybercrime Centre (EC3) analyzed the privacy tool’s impact on using the Bitcoin blockchain to investigate crimes. “Things are not looking good” for law enforcement thanks to this relatively new software, the EC3 warned, citing data from leading blockchain analysis company Chainalysis estimating how much money is filtering through Wasabi for criminal purposes. “According to [Chainalysis], over the last three weeks, BTC in the amount of nearly 50 […]
It’s the highest-profile job listing in Washington these days: being the public face of one of the biggest government accountability projects in U.S. history. The gig entails five years of exhaustive work to safeguard trillions of taxpayer dollars. The successful applicant will have years of experience in public service, comfort with constant public criticism, and a vision for the job that’s acceptable to two sworn political adversaries with an abysmal working relationship. And the job’s main deliverable is nothing short of ensuring that a program meant to haul the U.S. economy back from the worst crisis since the Great Depression works […]
With the US economy reeling from the effects of the coronavirus pandemic, the Senate Foreign Relations Committee agreed to give Israel a minimum of $3.8 billion in military aid per year. A full vote on the gift is expected soon. The US unemployment rate now stands at 14.7 percent, the worst figure since records began. Nearly 39 million Americans have lost their jobs since the coronavirus reached US shores in late January, and the Congressional Budget Office warned on Tuesday that the US economy won’t recover from its current contraction until after next year. Moreover, the federal government’s financial relief packages […]
People wearing masks walk past a mural of encouragement displayed outside a store amid the coronavirus pandemic on Tuesday in Washington, D.C. Olivier Douliery/AFP via Getty Images hide caption toggle caption Olivier Douliery/AFP via Getty Images People wearing masks walk past a mural of encouragement displayed outside a store amid the coronavirus pandemic on Tuesday in Washington, D.C. Olivier Douliery/AFP via Getty Images On this broadcast of The National Conversation, we’ll answer your questions about health insurance, job searching during a pandemic and breakups. We’ll also hear from kids and the questions they have. Source link
77-year-old Biden held a virtual round table to discuss the Coronavirus from his basement on Thursday. As usual, his virtual town hall was marred by glitches and audio problems. Biden struggled for 20 seconds to remember who briefs him on the Coronavirus every morning. Then he confused the number of Coronavirus deaths in the US and the number of Americans unemployed. TRENDING: John Brennan Goes Berserk After His Role in Unmasking General Mike Flynn Revealed “This is not a moment for excuses or deflections or blame game. We’re, we’re, we’re in the middle of a pandemic that has cost us more […]
Israel’s Prime minister Benjamin Netanyahu announced Wednesday night that he’d managed to form a government sending an official notification to Israel’s President Reuven Rivlin. The new Israeli government will be sworn in later today after a series of speeches that will start at 1600 GMT and will include the introduction of the coalition’s fundamental principles and goals. The government’s handling of the Coronavirus, that has already claimed the lives of more than 260 Israelis, is topping the agenda. The coalition that was established under the banner of fighting the pandemic will try to answer to such burning issues as high unemployment rates, […]