US fuel shortage ‘NIGHTMARE’ a direct consequence of terrible policy decisions – analyst
The outage caused rising fuel prices with the national average climbing to more than $3 a gallon for the first time in six years.However, the current crisis shouldn’t be attributed to the pipeline shutdown alone, according to Jeffrey A. Tucker of the American Institute for Economic Research. Also on rt.com Gas stations run dry and motorists queue for fuel in US, as ransomware attack on pipeline leads to shortages (VIDEOS) According to him, the shutdown of the network, which transports gasoline and other fuel through 10 states between Texas and New York, has inevitably affected supply.“There are inflationary pressures rising across the US due to money printing and increased consumer spending,” said Tucker.READ MORE: DarkSide hackers … [READ MORE...]
How the Golden Globes Went From Laughingstock to Power Player
The H.F.P.A. took advantage of its new prominence, too, polishing its reputation by hiring the savvy public relations firm Sunshine Sachs a decade ago. It has also increased its philanthropic contributions substantially. On its website it says it has given away $45 million over the past 28 years, with the money going to entertainment-related nonprofit organizations, college scholarships and the restoration of classic films.The oddball accolades like Ms. Zadora’s in 1982 that used to be commonplace have been kept to a minimum. The last truly bizarre moment came in 2010, when voters nominated “The Tourist” for best comedy or musical. (It was neither. But it brought the movie’s stars, Angelina Jolie and Johnny Depp, to the show.) And the members also started poking fun at themselves. Ricky … [READ MORE...]
Andrew Yang Promised to Create 100,000 Jobs. He Ended Up With 150.
“There’s a supply and a demand. We just need to connect the two sides,” he wrote in a letter announcing the group, which he said would resemble Teach for America, the nonprofit that recruits graduates to teach in low-income schools.“Our stated goal is to generate 100,000 U.S. jobs by 2025,” he wrote.The idea drew widespread attention from the news media, including The Times, and donations poured in — mostly from big banks, including UBS and Barclays, as well as from Dan Gilbert, the head of Quicken Loans, and Tony Hsieh, the founder of Zappos, the online shoe retailer.In 2012, Venture for America selected its first class, 31 men and nine women.The group trained them at a monthlong boot camp at Mr. Yang’s undergraduate alma mater, Brown University, and then helped them apply to work for two … [READ MORE...]
Latest News
For Clean Energy, Buy American or Buy It Quick and Cheap?
In early February, the union produced a draft of a bill that would ask developers like Equinor to buy their wind equipment from manufacturers in New York State “to the maximum extent feasible” — not just towers but other components, like blades and nacelles, which house the mechanical guts of a turbine. Ms. Fahy, a member of the Assembly, and State Senator Neil Breslin, a fellow Democrat from the Albany area, signed on as sponsors.Environmentalists and industry officials quickly raised concerns … [Read More...]
Luring Labor as a Beach Economy Booms
An April labor market report underscored those concerns. Economists expected companies to hire one million people, but data released on Friday showed that they had added only 266,000, even as vaccines became widely available and state and local economies began springing back to life. Many analysts thought labor shortages might explain the disappointment.Some blame expanded unemployment benefits, which are giving an extra $300 per week through September, for keeping workers at home and hiring at … [Read More...]
Mexican Factories Accused of Labor Abuses, Testing U.S.M.C.A.
“There couldn’t be a clearer case,” said Mary Kay Henry, the international president of the Service Employees International Union, which represents Cardone workers in Philadelphia.In a statement, Cardone said it was “committed to leading labor practices, fostering constructive relationships with employees and respecting the universal principle of freedom of association and the right to collective bargaining.”“We do not believe that the allegations in the complaint are accurate and welcome a full … [Read More...]
China’s Sinopharm Vaccine Approved for Emergency Use By W.H.O.
Sinopharm and Sinovac are producing about 12 million doses a day, just a little over the 10 million doses that China hopes to administer daily to meet the domestic target. The companies would have to produce roughly 500 million additional doses to meet the demands of other countries, according to a calculation of data provided by Bridge Consulting, a Beijing-based consultancy focused on China’s impact on global health.The vaccine shortage in China underscores the complexity of rolling out a mass … [Read More...]
Previous news
- Jobs Report April 2021: U.S. Added 266,000 Positions as Hiring Slowed
- Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots
- New state unemployment claims fall sharply.
- Covid and Travel: Why an Estimated 100,000 Americans Abroad Face Passport Problems
- Restaurants and Bars Rush to Apply for New Federal Aid Program
Small Business
Andrew Yang Promised to Create 100,000 Jobs. He Ended Up With 150.
“There’s a supply and a demand. We just need to connect the two sides,” he wrote in a letter announcing the group, which he said would resemble Teach for America, the nonprofit that recruits graduates to teach in low-income schools.“Our stated goal is to generate 100,000 U.S. jobs by 2025,” he wrote.The idea drew widespread attention from the news media, including The Times, and donations poured … [Read More...]
Where Should You Buy Your Books?
Supporting small presses, which have strained to weather the industry’s fluctuations during the pandemic, can take the form of shopping from independent bookstores. These stores and presses often have relationships to each other, Ms. Hill said. “Independent bookstores support independent publishers. That’s a tight community,” she said. “The book industry is such a delicate ecosystem. Supporting … [Read More...]
Your Money
When It Comes to Taxes, Being Tracked Can Be a Good Thing
With hundreds of millions of dollars at stake, states in need of revenue are not going to let the money go without a fight. “This has the potential to become as messy as you can envision it,” said Dustin Grizzle, a tax partner at MGO, an accounting firm. “States are going to say, ‘Hey you’re just using Covid to give you the ability to work remotely.’”One thing is clear: the pandemic has, in fact, … [Read More...]
7 Steps to Take Now to Catch Up on Retirement Savings
The unequal impact of the pandemic amplifies the gaps in the U.S. retirement system, Ms. Chen said. Although “401(k) contributions and balances seem relatively unaffected and unemployment has not disproportionately hurt older workers, the pre-Covid weaknesses remain: Social Security has a long-term deficit, 401(k) balances are inadequate, and older workers have trouble finding new jobs.”Despite … [Read More...]