Economy

Reviews |  Where are the workers, really?

Reviews | Where are the workers, really?

Comment this story Comment For the most part, the jobs numbers released on Friday were excellent: stronger-than-expected job growth, near-record unemployment, hiring across most major sectors of the economy. None of these measures signal an economy in recession, despite the widespread perception among voters that we are already in one. A troubling puzzle remains, however. …

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Rail strike averted: Did Biden betray his pro-union credentials?

Rail strike averted: Did Biden betray his pro-union credentials?

“The 360” shows you various perspectives on the major stories and debates of the day. What is happening Congress moved quickly this week to pass legislation that will prevent a nationwide strike by railroad workers, just days after President Biden warned that a work stoppage would “devastate our economy.” The threat of a railway strike, …

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Meet the black woman who built a 15-year fashion business

Meet the black woman who built a 15-year fashion business

Photo: Samantha Tyler Cooper When you walk into Sherri McMullen’s boutique in Oakland, California, there’s a warmth that makes you feel right at home. You’re greeted by little things that make the environment an inclusive shopping experience: McMullen has shades of brown mannequins throughout the store and photos of her Oklahoma family above the props …

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Europe agrees to cap Russian oil price at $60 a barrel |  CNN Business

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business

London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …

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Opinion: High debts and stagflation will bring the mother of all financial crises

Opinion: High debts and stagflation will bring the mother of all financial crises

NEW YORK (Project Syndicate) – The global economy is heading for an unprecedented confluence of economic, financial and debt crises, following the explosion of deficits, borrowing and debt over the past few decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, car loans, student loans, personal …

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US Labor chief says bad immigration policy is 'biggest threat' to economy

US Labor chief says bad immigration policy is ‘biggest threat’ to economy

Labor Secretary Marty Walsh reacts to the November jobs report and discusses other factors influencing the 2023 economic outlook. On the heels of November’s jobs report, Labor Secretary Marty Walsh warned of the “greatest threat to America’s economy.” “I think the biggest threat to our economy is that we don’t have a good, strong immigration …

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Biden signs legislation to avoid national rail strike

Biden signs legislation to avoid national rail strike

WASHINGTON — President Biden on Friday signed legislation to force a labor agreement between railroads and workers who had been locked in a bitter dispute, averting a strike that could have upended the economy just before the holidays. “Without rail freight, many American industries would literally shut down,” Biden said before signing the bill, adding …

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