Labor/Economics

News and events of the day
Motor City
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Re: Labor/Economics

Post by Motor City »

https://www.youtube.com/watch?v=_swOoaGCaiw
Inside the Conservative Campaign to Relax Child Labor Laws

In an extraordinary development for labor law in the United States, the Foundation for Government Accountability -- a Florida-based conservative think tank -- has been convincing Republicans to allow kids as young as 14 to work longer hours in arguably more dangerous conditions.

A number of U.S. states, including Iowa and Arkansas, are getting on board. In a recent article, Washington Post reporter Jacob Bogage explains how campaigners are cloaking these rollbacks under cover of "parental rights." Bogage joins Hari Sreenivasan to discuss why conservatives appear willing to put children at risk.
Henry Ford looks to Philippines to combat worsening nursing shortage


....In March, Michigan hospitals had 27,000 open jobs, said Brian Peters, chief executive officer of the association......
doing all they can to avoid doing anything at all
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ap215
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Re: Labor/Economics

Post by ap215 »

Private payrolls surged by 296,000 in April, much higher than expected, ADP says

Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP reported Wednesday.

Private payrolls rose by 296,000 for the month, above the downwardly revised 142,000 the previous month and well ahead of the Dow Jones estimate for 133,000. The gain was the highest monthly increase since July 2022.

https://www.cnbc.com/2023/05/03/adp-job ... -2023.html
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Drak
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Re: Labor/Economics

Post by Drak »

Image

With an unemployment rate that dropped to 3.4 percent.
"Some of those that work forces,
Are the same that burn crosses"

- Rage Against the Machine
Glennfs
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Re: Labor/Economics

Post by Glennfs »

Drak wrote: Fri May 05, 2023 9:01 am Image

With an unemployment rate that dropped to 3.4 percent.

The one place the Biden administration is doing a good job with the economy is job growth.
" I am a socialist " Bernie Sanders
Motor City
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Re: Labor/Economics

Post by Motor City »

Glennfs wrote: Fri May 05, 2023 10:44 am


The one place the Biden administration is doing a good job with the economy is job growth.
What is "job growth"?

https://twitter.com/marwilliamson/statu ... 3413443584
Universities with multibillion dollar endowments withholding livable wages from their own grad students;

Studio executives who make hundreds of millions of dollars a year resisting giving livable wages to their writers;

A third of Americans living economically unstable lives;

1 million homeless children in America’s public schools;

A higher poverty rate in the United States by far than in any other advanced democracy —-

The sooner we collectively recognize that something has gone too far, that the system as it is is not working, the sooner we will collectively rise to the challenge of embracing and fostering fundamental change.
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Motor City
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Re: Labor/Economics

Post by Motor City »

https://twitter.com/GowaBorzigin/status ... 98464?s=20
Another day in America. Active shooter situation in Allen Outlet Mall in Allen, TX. Video from a shopper who was evacuated at scene
https://twitter.com/rawsalerts/status/1 ... 2199139332
Video from Fox 4 shows multiple people being evacuated being walked by approximately 4 bodies covered in blood in white sheets outside of H&M following the active shooter that took place a while ago at Allen outlets mall
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Motor City
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Re: Labor/Economics

Post by Motor City »

Ukraine getting another $1.2 billion in military aid
The Pentagon on Tuesday announced a $1.2 billion military aid package for Ukraine that includes orders to contractors for “critical near-term capabilities,” including air defense systems and 155mm artillery rounds. The assistance initiative will fund HAWK air-defense systems, air-defense munitions and drones for air defense. It will also buy artillery, rockets, satellite imagery assistance and funding for ongoing maintenance and spare parts for a variety of systems.

Last week, the Pentagon sent Ukraine $300 million in ammunition and other equipment from existing stocks. The shipments come as Ukraine prepares to launch a long-planned offensive. Ukraine also needs air-defense systems to shoot down waves of Russian missiles and drones......
Trying to get a loan? How the 2023 banking crisis has made borrowing even tougher.
Banks made obtaining a loan tougher for consumers and businesses in recent months amid the collapse of Silicon Valley Bank and two other institutions, heralding a dimmer outlook for the U.S. economy, according to a Federal Reserve survey.

Forty-two percent of banks said they somewhat tightened lending standards for large and midsize companies over the past three months, according to the Fed’s Senior Loan Officer Opinion Survey. And 45% said they somewhat toughened lending criteria for small firms.

A similar percentage of banks already was making borrowing more challenging for consumers and businesses in the prior three-month period because of an increasingly uncertain economy and the Fed’s aggressive interest rate hikes......

....Last week, the Fed hiked its key interest rate by a quarter percentage point to a range of 5% to 5.25%, capping its biggest flurry of rate increases in 40 years to tame a historic inflation surge.....
https://www.youtube.com/watch?v=AjSM4x1iAcc
Pulitzer Prize-Winning Journalist: Private Equity Runs – and Wrecks – America

According to Pulitzer Prize-winning journalist Gretchen Morgenson, elite Wall Street financiers are undermining the country’s economy for their own benefit. In her latest book, Morgenson traces the history of corporate takeovers and the private equity companies that cause newly acquired companies to be burdened with debt. The author speaks with Walter Isaacson about the impact of all this on American workers.
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Drak
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Re: Labor/Economics

Post by Drak »

Image
"Some of those that work forces,
Are the same that burn crosses"

- Rage Against the Machine
Glennfs
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Re: Labor/Economics

Post by Glennfs »

Drak wrote: Wed May 10, 2023 8:32 am Image
Hey let's build a statue and throw a parade inflation is now "only" 5pct.
Thanks to the federal reserve raising interest rates.
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Wed May 10, 2023 10:36 am Hey let's build a statue and throw a parade inflation is now "only" 5pct.
Thanks to the federal reserve raising interest rates.
Everything good is the fault of the GOP. Everything bad is the fault of the Dems.

You're such a partisan. We all know you'd rather have the Donald in charge.
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Drak
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Re: Labor/Economics

Post by Drak »

That dude is one of the biggest hyper partisan clowns I’ve ever seen on message board. He just can’t handle reality.
"Some of those that work forces,
Are the same that burn crosses"

- Rage Against the Machine
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Libertas
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Re: Labor/Economics

Post by Libertas »

Drak wrote: Wed May 10, 2023 11:03 am That dude is one of the biggest hyper partisan clowns I’ve ever seen on message board. He just can’t handle reality.
ALL economic numbers prove the economy does far better under dems, undeniable fact.
I sigh in your general direction.
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Drak
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Re: Labor/Economics

Post by Drak »

Republicans applauded when Trump said they should let the country go into default, even though it would send America and the world spiraling into an economic catastrophe.

Republicans want America to fail, for power.
"Some of those that work forces,
Are the same that burn crosses"

- Rage Against the Machine
Motor City
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Re: Labor/Economics

Post by Motor City »

Some aspects of our economic system just cant be hid no matter how cleverly worded the slogans are.


Hospital worker shoots co-worker at VCU medical center in Richmond, Virginia, officials say
A 25-year-old hospital worker at a Richmond, Virginia, medical center was fatally shot by another hospital staffer early Wednesday morning, hospital officials and police said.

Police said there had been an altercation between twoco-workers in a stairwell at Virginia Commonwealth University's medical center that resulted in one man shooting the other.

The shooter, 24-year-old Christopher Boisseau, of Henrico, was taken into custody early Wednesday morning, VCU police said.

"This was a terrible incident that has shaken us all," VCU Health's CEO Marlon Levy said in a message to the community.

Both men worked at the hospital and were "known to each other," according to an email from the VCU medical center president and the VCU police chief.....
..."Our team members and first responders – rushing into a dangerous situation – valiantly worked to save our team member’s life before he died," Levy said...

A man accused of shooting three customers locked inside a Detroit gas station Saturday during an argument with a clerk over $3 pleaded not guilty Wednesday.
The clerk had locked the door electronically from behind the counter, prosecutors said.

Worthy said the clerk unlocked the door after the three people were shot, and McCray fled. He was found and arrested Sunday....

https://twitter.com/marwilliamson/statu ... 7462605824
Franklin Roosevelt wanted an Economic Bill of Rights.

It’s time to bring such a plan back to life.....
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Number6
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Re: Labor/Economics

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A Pennsylvania battery maker was ordered to pay $22 million in back wages to 7,500 workers after the Department of Labor (DOL) ruled they were denied overtime.
The DOL said East Penn Manufacturing Company Inc. didn't pay employees for their time spent preparing to work in hazardous conditions.

The department said the verdict, reached by a jury, was the largest recorded amount it had obtained under the Fair Labor Standards Act.

During its investigation, the DOL found that East Penn employees were only being paid for their contracted 8-hour shifts. But this excluded the extra time that employees were required to put on and remove protective equipment and shower, mainly to avoid lead exposure.

She added: "Federal law requires employers to pay workers for the hours they work, including time these workers needed to protect themselves from dangerous workplace hazards."
https://www.msn.com/en-us/money/compani ... 67d2&ei=21
This is a great decision and one employers need to pay heed to. If an employer is requiring their employees to do something before they begin work then they need to pay them for the time they're doing that something. In this case, putting on or removing protective equipment is something that is done in direct connection with their work and they should be paid for that time.
When you vote left, you vote right.
Motor City
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Re: Labor/Economics

Post by Motor City »

Teachers, 'dynamite lady' among victims of New Mexico teen's deadly shooting spree: Updates
The three elderly victims of a New Mexico teen's random shooting spree include a preschool teacher, her mother and a nurse described as a "dynamite lady."

Police in this city of 45,000 people about 20 miles from the Colorado state line say the gunman was armed with at least three weapons including an “AR-style rifle" during the assault Monday. The rifle was legally purchased by the gunman, and investigators said they believe the two other weapons were taken from family members.

At least 100 calls were made to 911 as the bloodbath unfolded, and more than 150 rounds were fired by the gunman and responding officers, Deputy Police Chief Kyle Dowdy said.....

.....In November, after he turned 18, the gunman legally purchased at least one gun used Monday, police said......

.....Farmington Police say the shooter is Beau Wilson, 18, a senior at Farmington High School. The school held graduation ceremonies Tuesday evening.....
Without humanity as the organizing principle of labor and economy, commerce and money transforms to a deadly version of AI.
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ap215
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Re: Labor/Economics

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US weekly jobless claims fall; labor market defying recession fears

WASHINGTON, May 18 (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, with applications in Massachusetts decreasing sharply, suggesting the labor market remains tight.

The steep decline in weekly jobless claims reported by the Labor Department on Thursday reversed the surge in the prior week, which had boosted them to the highest level since Oct. 30, 2021. That increase was largely blamed on an unusual jump in applications for unemployment insurance in Massachusetts.

https://www.reuters.com/markets/us/us-w ... 023-05-18/
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ZoWie
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Re: Labor/Economics

Post by ZoWie »

At 8:30 Pacific time this morning, it was announced by the Nooz that debt ceiling negotiations had stopped, and the markets promptly collapsed. We all know why a procedural formality has become a war every some number of years, and it's completely due to partisan shenanigans.

I thought Republicans liked it when their investments gained value. It seems obvious that I was wrong.

If your portfolio is looking a bit weak or your job is on the line, blame the usual whack jobs who Republicans like to elect to Congress.
"We must remember that we cannot abandon the truth and remain a free nation." --Liz Cheney, Republican, 7/21/22
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Number6
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Re: Labor/Economics

Post by Number6 »

ZoWie wrote: Fri May 19, 2023 11:07 am At 8:30 Pacific time this morning, it was announced by the Nooz that debt ceiling negotiations had stopped, and the markets promptly collapsed. We all know why a procedural formality has become a war every some number of years, and it's completely due to partisan shenanigans.

I thought Republicans liked it when their investments gained value. It seems obvious that I was wrong.

If your portfolio is looking a bit weak or your job is on the line, blame the usual whack jobs who Republicans like to elect to Congress.
I support the call for Biden to invoke the 14th Amendment. The Congress passed the spending bills and they need to ensure the U.S. can pay the bills they passed.
When you vote left, you vote right.
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Drak
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Re: Labor/Economics

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You want to know why the talks stopped? This is why. This treasonous rapist owns this party and calls the shots. When this message went out, talks stopped. He also said this at his bogus tow hall on CNN. He wants the economy to crash because he thinks it’s his chance to regain power. The GOP are terrorists

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"Some of those that work forces,
Are the same that burn crosses"

- Rage Against the Machine
Glennfs
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Re: Labor/Economics

Post by Glennfs »

Drak wrote: Fri May 19, 2023 1:34 pm You want to know why the talks stopped? This is why. This treasonous rapist owns this party and calls the shots. When this message went out, talks stopped. He also said this at his bogus tow hall on CNN. He wants the economy to crash because he thinks it’s his chance to regain power. The GOP are terrorists

Image
You know many democrats have the same opinion. Thanks to the internet nobody can blink and both sides can't work for a compromise.

Because if they do they will be labeled a rino or a dino.
" I am a socialist " Bernie Sanders
Glennfs
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Re: Labor/Economics

Post by Glennfs »

Number6 wrote: Fri May 19, 2023 1:29 pm I support the call for Biden to invoke the 14th Amendment. The Congress passed the spending bills and they need to ensure the U.S. can pay the bills they passed.
I agree and think it will be a good thing regardless of how the courts rule on it.

I heard on LW radio today thev14th amendment is why the Republicans are taking such a hard stand.

Personally I believe it is also why democrats are taking such a hard stance.

Both sides believing that invoking the 14th will help them on election day.

Personally and partly for selfish reasons I hope it is invoked and the court rules it is constitutional.
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Fri May 19, 2023 5:02 pm I agree and think it will be a good thing regardless of how the courts rule on it.

I heard on LW radio today thev14th amendment is why the Republicans are taking such a hard stand.

Personally I believe it is also why democrats are taking such a hard stance.

Both sides believing that invoking the 14th will help them on election day.

Personally and partly for selfish reasons I hope it is invoked and the court rules it is constitutional.
Here’s the problem Glenn. Even if the GOP succeeds in destroying the world economy, you’ll blame the Dems and vote GOP in 2024.
Glennfs
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Re: Labor/Economics

Post by Glennfs »

gounion wrote: Fri May 19, 2023 5:40 pm Here’s the problem Glenn. Even if the GOP succeeds in destroying the world economy, you’ll blame the Dems and vote GOP in 2024.
Another left wing talking point you just repeat whatever you are told is true.
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Fri May 19, 2023 5:42 pm Another left wing talking point you just repeat whatever you are told is true.
Not a talking point. You guys can’t have a good economy or you’ll lose next year. And it’s more important for you to win than it is for our country to be strong and prosperous.
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