martes, febrero 27

Economy

Why it costs $6 to clean this shirt in New York
Economy

Why it costs $6 to clean this shirt in New York

There's an extravaganza of cleanliness just behind an unmarked door in a corner of the Brooklyn Navy Yard.This is where the huge new Kingbridge cleaning facility is located, which opened in January 2020. This is where a tedious and labor-intensive process takes place, which Mr Aviles considers it necessary for clothes to be properly cleaned.He learned the trade at age 5, when his mother, Victoria — who still helps run the decades-old family business — dressed him in a suit and took him to work the Saturday. He offers his customers hot chocolate in winter and lemonade in summer and quickly learns to iron shirts himself.Today, workers pile dirty shirts – undignified with their faded collars, peeling buttons and sweat stains – into a huge bin to be manually sorted by color and condition. Th...
Former Top producer Tucker Carlson accused of sexual assault
Economy

Former Top producer Tucker Carlson accused of sexual assault

A former Fox News employee has accused one of host Tucker Carlson's top producers of sexual assault in a lawsuit filed Monday.The accuser, Andrew Delancey, who previously worked as a producer for a Fox News-affiliated service, said in the complaint that Justin Wells, former lead executive producer of "Tucker Carlson Tonight," assaulted him in 2008 after he promised to help him advance his career. .A subpoena was first filed in New York state court on Nov. 22, just before the deadline set by the state's Adult Survivors Act, which provides a single window for people to pursue civil lawsuits for assaults that may have occurred years or even decades ago. . The full complaint was made public Monday, when it was transferred to the U.S. District Court for the Southern District of New York.In a...
The prospect of Casino being dismantled shakes employees
Economy

The prospect of Casino being dismantled shakes employees

A Casino supermarket in Sainte-Hermine (Vendée), December 4, 2023. STÉPHANE MAHÉ / REUTERS Wind of panic among Casino employees. While the distribution group, in great financial difficulty, is seeking behind the scenes to separate itself from its hypermarkets and supermarkets under the Casino brand, where nearly 18,000 employees work in France, all of the food chain's unions (SNTA-FO, CGT, CFDT, UNSA, CFE-CGC) called on employees to go on strike on Tuesday December 5 to denounce “lack of consideration” towards them and “the worrying situation regarding the future of the integrity of Casino”. A rally is planned for the morning in front of the historic headquarters of the Casino group in Saint-Etienne, which employs 1,770 people accordi...
More than a thousand arrests worldwide after anti-money laundering operation led by the Netherlands
Economy

More than a thousand arrests worldwide after anti-money laundering operation led by the Netherlands

One of the largest police operations against money laundering globally has been carried out for several months and has delivered spectacular results, detailed by the European criminal police agency Europol, Monday December 4. The operation, led by the Netherlands and involving 25 other countries on several continents, was organized in collaboration with some 2,800 banking institutions, companies such as Western Union, Tripadvisor and IT companies, as well as Interpol and Eurojust, the judicial cooperation unit of the Twenty-Seven. Some 4,600 investigations launched in Europe, the United States, Australia, Hong Kong, Singapore and Latin America have identified 474 members of criminal groups who recruited more than ten thousand "financial mules", people who transferred...
Economy

Ford Says It Won’t Raise Its Contract Offer to U.A.W.

Ford Motor said on Thursday that it could not improve its contract offer to the United Automobile Workers union without hurting its business and its ability to invest in electric vehicles.The automaker also said the union’s decision to expand its strike to Ford’s largest factory, the Kentucky Truck Plant, would probably hurt workers at other factories and lead to layoffs across the auto industry.“We are very clear,” Kumar Galhotra, president of the Ford division that makes combustion engine vehicles, said in a conference call with reporters. “We are at the limit. Any more will stretch our ability to invest in the business.”The U.A.W. is negotiating new labor contracts with Ford, General Motors and Stellantis, the parent of Chrysler and Jeep. The union’s members have struck selected plants ...
Economy

Inflation Slowdown Remains Bumpy, Consumer Price Data Shows

Consumer prices grew at the same pace in September as they had in August, a report released on Thursday showed. The data contained evidence that the path toward fully wrangling inflation remains a long and bumpy one.The Consumer Price Index climbed 3.7 percent from a year earlier. That matched the August reading, and it was slightly higher than the 3.6 percent that economists had predicted.The report did contain some optimistic details. After cutting out food and fuel prices, both of which jump around a lot, a “core” measure that tries to gauge underlying price trends climbed 4.1 percent, which matched what economists had expected and was down from 4.3 percent previously. And inflation is still running at a pace that is much less rapid than in 2022 or even earlier this year.Even so, severa...
Economy

Federal Reserve Officials Were Cautious in September

Federal Reserve policymakers expected that rates might need to rise slightly higher as of their September meeting, freshly released minutes from the gathering showed. But they were also determined to creep forward carefully, wary that they could overdo it and clamp down on the economy too hard.Officials left interest rates unchanged at their Sept. 19-20 meeting, having raising them sharply since March 2022. Rates are now set to 5.25 to 5.5 percent, up from near-zero 19 months ago.Even as policymakers left borrowing costs steady last month, they projected that they might need to make one more rate move in 2023. They also estimated that they would leave interest rates at a high level for a long time, lowering them only slightly next year. Because steeper Fed rates make it more expensive to b...
Energy Firms, Green Groups and Others Reach Deal on Solar Farms
Economy

Energy Firms, Green Groups and Others Reach Deal on Solar Farms

Solar developers, environmentalists, farming groups and tribal organizations said on Thursday that they had reached an agreement that could make it easier in the United States to build large solar farms, which have attracted stiff opposition in some places.The agreement seeks to address some thorny land-use and biodiversity issues that often stymie power projects in which developers propose installing large arrays of solar panels. The deal is the result of months of discussions organized by the Stanford Woods Institute for the Environment, the Solar Energy Industries Association and the Nature Conservancy.Various groups have opposed large solar projects, arguing that they take up land that is sacred to tribes or is home to threatened plants or animals. Some people have also opposed solar f...
Yellen Says U.S. Is Considering New Sanctions on Iran and Hamas
Economy

Yellen Says U.S. Is Considering New Sanctions on Iran and Hamas

Treasury Secretary Janet L. Yellen said on Wednesday that the Israel-Gaza war was a potential concern for the global economy and signaled that additional U.S. sanctions could be coming in response to the attack on Israel by Hamas.Questions about the economic impact of the war were growing as Ms. Yellen offered a forceful defense of Israel and pushed back on the notion that U.S. sanctions against Iran — a key backer of Hamas — have become too lenient. Ms. Yellen said the Treasury Department continued to review its sanctions on Iran, Hamas and Hezbollah, the Lebanese militant group that is also a longtime adversary of Israel.“We have not in any way relaxed our sanctions on Iranian oil,” Ms. Yellen said at a news conference on the sidelines of the annual meetings of the International Monetary...
Exxon Acquires Pioneer Natural Resources for $60 Billion
Economy

Exxon Acquires Pioneer Natural Resources for $60 Billion

Exxon Mobil announced on Wednesday that it was acquiring Pioneer Natural Resources for $59.5 billion, deepening its reliance on fossil fuel production even as many global policymakers grow increasingly concerned about climate change and the oil industry’s reluctance to shift to cleaner energy.Exxon has spent decades investing in projects around the world, but the deal would squarely lodge its future close to its Houston base, with most of its oil production in Texas and along the coast of Guyana.By concentrating its production close to home, Exxon is effectively betting that U.S. energy policy will not move against fossil fuels in a major way even as the Biden administration encourages automakers to switch to electric vehicles and utilities to make the transition to renewable energy.Exxon ...