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News & Articles By Belle Carter
02/28/2023
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By Belle Carter
State legislators would rather resurrect child labor than pay adult workers better
Some states in the United States would rather bring back child labor instead of giving adult workers better pay by introducing legislation that would allow teenagers to join the workforce to fill the growing number of vacant jobs. Business Insider reported that the nation will start permitting children aged 14-17 into the workforce. This is […]
02/22/2023
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By Belle Carter
Internal sources: Apple secretly firing contractors to cut costs despite job security assurances by CEO
Sources from within tech giant Apple disclosed that the company has been quietly axing contractors to cut costs. The revelation came amid previous assurances from Apple CEO Tim Cook that layoffs would be a “last resort.” The Cupertino, California-based company resorted to this move to avoid mass retrenchment of direct hires. Other companies such as Amazon, […]
02/17/2023
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By Belle Carter
DUMPING THE DOLLAR: Russian ambassador confirms Russia and Bolivia are now trading in national currencies
Russia and Bolivia have begun to carry out international commercial transactions using the Russian ruble and the Bolivian boliviano instead of the United States dollar. “Financial operations can now be carried out using national currencies, which means a blow to the hegemony of the dollar,” Russian Ambassador to Bolivia Mikhail Ledenyov told Russian state-owned news agency […]
02/17/2023
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By Belle Carter
Inflation remains hot: CPI up by 0.5% in January and 6.4% year-over-year (official numbers)
The Bureau of Labor Statistics (BLS) recently released the consumer price index (CPI) report showing that inflation rose in January by 0.5 percent after it increased by 0.1 percent in December last year. The CPI, which measures a broad basket of common goods and services, slowed down on a year-over-year basis to 6.4 percent, BLS […]
02/13/2023
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By Belle Carter
Layoff saga continues as 12 more companies announce mass employment terminations
The U.S. economy is still trapped in the midst of a looming collapse as more companies recently announced mass retrenchment, a clear indication that the tsunami of layoffs that started late last year is continuing to accelerate. During the State of the Union Address, President Joe Biden boasted about the creation of 517,000 jobs in January – surpassing […]
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
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