Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Alderman"


25 mentions found


In the United States, the Federal Reserve left interest rates steady on Wednesday, citing wariness about how stubborn inflation was proving. Even so, the United States is expected to remain an engine of global growth this year, expanding at a 2.6 percent pace, the O.E.C.D. Both the euro currency bloc and Britain ended 2023 in recession, deepened by record high interest rates deployed by the European Central Bank and the Bank of England to help fight inflation. The outlook should improve next year, as high interest rates come down, unleashing more spending by businesses and households. forecast the eurozone economy to expand at 1.5 percent in 2025, more than double the expected growth rate this year.
Persons: “ We’ve, Clare Lombardelli, Lombardelli Organizations: Federal Reserve, Britain, European Central Bank, Bank of England Locations: United States, Europe, Germany, Greece, Spain
The dynamic is bolstering the economic health of the region and keeping the eurozone from slipping too far. In a reversal of fortunes, the laggards have become leaders. Since then, the same countries have worked to mend their finances, attracting investors, reviving growth and exports, and reversing record-high unemployment. Now Germany, Europe’s largest economy, is dragging down the region’s fortunes. It has been struggling to pull itself out of a slump set off by soaring energy prices after Russia’s invasion of Ukraine.
Locations: Southern, Germany, Greece, Spain, Portugal, Italy, Southern Europe, Europe’s, Ukraine
When the French tire maker Michelin closed its factories during the coronavirus pandemic, Florent Menegaux, the company’s chief executive, took stock of the closures’ impact on employees worldwide. Thousands of workers in Asia, Europe and the United States at the lower end of the company’s pay scales could barely get by, an independent review showed. “If workers are just in survival mode, it’s a big problem,” Mr. Menegaux said in an interview. “When the wealth distribution in a company is too unequal, that’s a problem, too.”The announcement quickly ignited a debate in France over what exactly constitutes a decent wage and whether more French corporations should follow suit. Unions warned that the Michelin pledge would still leave some workers struggling and that it did not come with a guarantee against future layoffs or site closures.
Persons: Florent Menegaux, Mr, Menegaux, Organizations: Michelin, Unions Locations: Asia, Europe, United States, France
Golden Visa Programs, Once a Boon, Lose Their Luster
  + stars: | 2024-04-21 | by ( Liz Alderman | ) www.nytimes.com   time to read: +1 min
But when she started looking at houses in the same village, almost everything was priced at more than 500,000 euros. The amount — nearly 20 times more than the average annual salary in Spain — happens to correspond to the cost of the country’s “golden visa,” a program that offers residency to wealthy foreigners who buy real estate there. “There’s nothing I can afford,” said Dr. Barba, an allergist who has been working 100 hours overtime every month to save up a nest egg. “If foreigners inflate the prices for those of us who live here, it’s an injustice,” she said. Faced with growing pressure to address its housing crunch, Spain said this month that it would scrap its golden visas, the latest in a wider withdrawal from the program by governments around Europe.
Persons: Ana Jimena Barba, Spain —, , Barba Locations: Madrid, Spain, Europe
“Shrinkflation,” the signs say. “This product has seen its volume decrease and the price charged by our supplier increase.”On Friday, the French government took steps to require every food retailer in the country to follow suit. By July 1, stores will have to plaster warnings in front of all products that have been reduced in size without a corresponding price cut, in a bid to combat the consumer scourge known as shrinkflation. “The practice of shrinkflation is a scam,” Bruno Le Maire, France’s finance minister, said in a statement. “We are putting an end to it.”
Persons: , ” Bruno Le Maire, Organizations: France’s, Pepsi Locations: Carrefour
Arthur Mensch, tall and lean with a flop of unkempt hair, arrived for a speech last month at a sprawling tech hub in Paris wearing jeans and carrying a bicycle helmet. Mr. Mensch, 31, is the chief executive and a founder of Mistral, considered by many to be one of the most promising challengers to OpenAI and Google. revolution, the French government has singled out Mistral as its best hope to create a standard-bearer, and has lobbied European Union policymakers to help ensure the firm’s success. should not be dominated by tech giants, like Microsoft and Google, that might forge global standards at odds with the culture and politics of other countries. At stake is the bigger question of which artificial intelligence models will wind up influencing the world, and how they should be regulated.
Persons: Arthur Mensch, Mensch, ” Matt Clifford, Europe scrambles Organizations: Mistral, Google, European Union, Microsoft Locations: Paris, United States, China, France, British, Europe
As pale morning light flickered across the Seine, Capt. Freddy Badar steered his hulking river barge, Le Bosphore, past picturesque Normandy villages and snow-fringed woodlands, setting a course for Paris. Onboard were containers packed with furniture, electronics and clothing loaded the night before from a cargo ship that had docked in Le Havre, the seaport in northern France. Using Le Bosphore and its crew of four prevented tons of carbon emissions from entering the atmosphere. “The river is part of a wider solution for cleaner transport and the environment,” Captain Badar said, his eyes scanning other vessels carrying wares up and down the Seine.
Persons: Freddy Badar, Le Bosphore, Captain Badar Locations: Normandy, Paris, Le Havre, France, European
In today’s newsletter, I’m going to tell you about some fascinating primary races that will shed light on some broader trends in U.S. politics. Mike Bost, a Republican and Marine Corps veteran, was first elected to the House in 2014. Don’t say ‘age’Democrats have their own issues that are captured in races in their stronghold of greater Chicago. But to the Democratic establishment, “age” is a word not spoken aloud, not with President Biden in the White House. But similar issues driving their primary fights will play out in swing House districts and swing states across the country.
Persons: Mike Bost, He’d, Darren Bailey, Donald J, J.B, Pritzker, Bailey, Bost, Mike, , Trump’s, Matt Gaetz, Trump, Danny Davis, he’s, Melissa Conyears, Ervin, Kina Collins, Biden, Davis, Davis’s, , Jesús, García, Raymond Lopez of, Lopez, Jennifer Medina, Ruth Igielnik, Krystle Kaul, Jennifer Wexton, Eileen, Jennifer Boysko, Dan Helmer, Helmer, Kaul, Suhas, , Kaul bristled Organizations: Illinois’s, Congressional, Republican, Marine Corps, State Legislature, Committee, Veterans ’ Affairs, Trump, Trump Republican, Democratic, House, The Chicago Tribune, Congressional District, American Democrats, Chicago, Mexican American, Republicans, Washington , D.C, Virginia, Army, Democrat Locations: Illinois, Lincoln, Washington, Chicago, Lake Michigan, Illinois’s, Chuy, Raymond Lopez of Chicago, García, Mexican, Virginia, exurbs, Washington ,, Virginia’s 10th, America
In part, that was because it was just impossible to trace Irish famine immigrants and find out what had happened to them. This is just inconceivable to anyone who had ever thought about the famine Irish given the obstacles that faced them. Biden is one of four US presidents who descended from Irish famine immigrants. The famine immigrants really were the ones who cemented the idea of the American Dream as we understand it today. At the time, the neighborhood was home to the more Irish immigrants than any other part of the city.
Persons: CNN — Tyler Anbinder didn’t, Anbinder, Martin Scorsese, , , “ It’s, ” Anbinder, Richard Ljoenes, , , Patrick’s, there’s, , Michael Sullivan, they’re, Biden, Obama, Reagan, Kennedy, Joe Biden, Kevin Lamarque, He’s, Pope, I, ” Biden doesn’t, George Washington, There’s, you’ve, Alderman John Barry’s, Tyler, Tyler Anbinder, he'd, Chris Langford, can’t, United States —, John Carlin, saloonkeepers, Saint Louis Organizations: CNN, Emigrant Savings Bank, New York Public Library, Irish, George Washington University, St, they’re Catholic, London, Hulton, Murphys, Reuters, New York Tribune, George Washington Bridge, New York Central Railroad, York, New York Public Locations: New York, York, United States, America, Europe, Liverpool, Ireland, County Mayo, Rome, Irish, Manhattan, Yorkers, New, New York City, Chicago, California, Minnesota, Saint
CHICAGO (AP) — Voters are set to cast their ballots Tuesday to decide competitive U.S. House races during the Illinois presidential primary. Democratic incumbents in at least two Chicago-area congressional races are locked in energetic challenges in the strongly Democratic territory. “We plan on finishing what we started.”It’s a crowded five-candidate primary field, including Chicago City Treasurer Melissa Conyears-Ervin, a former Davis ally who now says it’s time for him to be voted out. “I’m running to use my knowledges, my expertise, my intellect.”He has backing from top Illinois Democrats. Also running are Chicago educator Nikhil Bhatia and Kouri Marshall, a former deputy director for Pritzker.
Persons: Danny Davis, Kina Collins, Davis, ” Collins, , , Melissa Conyears, Ervin, Conyears, “ I’m, I’m, J.B . Pritzker, Nikhil Bhatia, Kouri Marshall, Pritzker, “ Chuy ” Garcia, Chicago Alderman Raymond Lopez, Lopez, Garcia, “ He’s, hasn’t, suburbanites Organizations: CHICAGO, , Democratic, DISTRICT U.S . Rep, Chicago Democrat, Chicago, Chicago Teachers Union, Chicago ) Bears, Illinois, Gov, Chicago Alderman, City Council, Democrat, Chicago police, Republican Locations: Chicago, , Mexico
Starbucks franchise operators across the Middle East and Southeast Asia are losing significant business amid boycotts linked to the Israel-Hamas war, and at least one has started laying off employees. Alshaya Group, a Kuwait-based franchise operator that owns the rights to operate Starbucks in the Middle East, confirmed on Tuesday that it planned to cut 2,000 jobs across the region “as a result of the continually challenging trading conditions over the last six months.”Alshaya Group, which operates over 1,900 Starbucks shops in the Middle East and North Africa that employ 19,000 workers, said in a statement that it would provide affected employees and their families with “the support they need.”The cuts added to drama playing out in the United States, where Starbucks management and a union of Starbucks workers sued each other after the union expressed solidarity with Palestinians.
Persons: Organizations: Starbucks, Alshaya, ” Alshaya Locations: East, Southeast Asia, Israel, Kuwait, North Africa, United States
France’s farmers vented their fury at President Emmanuel Macron on Saturday as he arrived at the annual agricultural show in Paris, a giant fair long seen as a test of presidents’ relationship with the countryside. A large crowd that had camped outside the night before broke in and scuffled with police officers in riot gear while Mr. Macron entered through a side door to meet with unions demanding an end to hardships in the industry. During an hourlong closed-door meeting before the fair opened, with top cabinet members at Mr. Macron’s side, farmers sang the French national anthem, “La Marseillaise,” at the top of their lungs, blew whistles, raised fists and shouted for the president to resign, as skittish prize cows and pigs brought to the capital from farms around the country looked on nervously from their display pens. The rowdy confrontation was the latest in a monthlong showdown that has seen farmers blockade roads around France and in Paris — a movement that has spread to other countries, including Greece, Poland, Belgium and Germany.
Persons: Emmanuel Macron, Macron, Locations: Paris, French, France, Greece, Poland, Belgium, Germany
The finance minister, Bruno Le Maire, on Monday revised the forecast for economic growth this year to 1 percent, down from 1.4 percent at the end of last year. “Lower growth means lower tax receipts, so the government must spend less,” Mr. Le Maire said at a news briefing. After spending lavishly during the pandemic to support the economy and shield consumers from high energy prices, France is now at risk of breaching European Union budget rules that restrict government borrowing. To avoid that, the government must cut costs to lower the deficit to 4.4 percent of gross domestic product this year, from 4.8 percent
Persons: Bruno Le Maire, Mr, Le Maire Organizations: European Union Locations: France, Ukraine, Gaza, Germany, China
Parisians are already grumbling about the crowds for this summer’s Olympics. They envision sweaty tourists jamming the subway cars, making the hell of commuting even more, well, hellish. They are planning their summer escapes; at worst a “télétravail” schedule to work from home. Glancing out at a corner known for drug dealing near his family’s kebab shop in the low-income district just north of Paris, he sees the upcoming Olympics as heralding something totally different: opportunity. “They are redoing the streets and refurbishing buildings,” said Mr. Buyukocakm, as a woman in a thin coat dragged a grocery trolley toward a dilapidated housing project.
Persons: Ivan Buyukocakm, , Buyukocakm, Denis Locations: Paris, Seine
European Union regulators on Monday opened an investigation into TikTok over potential breaches of online content rules aimed at protecting children, saying the popular social media platform’s “addictive design” risked exposing young people to harmful content. TikTok has been under the scrutiny of E.U. regulators for months. The company was fined roughly $370 million in September for having weak safeguards to protect the personal information of children using the platform. Policymakers in the United States have also been wrestling with how to regulate the platform for harmful content and data privacy — concerns amplified by TikTok’s links to China.
Persons: TikTok Organizations: Digital Services, European Commission Locations: United States, China
Airbus, the European aerospace giant, plans to deliver around 800 commercial aircraft this year, including the popular single-aisle A320neo, its main competitor to the 737 Max. Airbus pulled in a record 2,094 commercial aircraft orders last year, partly on a surge in demand for narrow-body and mid-sized jets from India and other rapidly growing countries. That added to the company’s extensive backlog of 8,598 commercial aircraft at the end of 2023. By contrast, Boeing delivered 528 commercial airplanes and recorded 1,576 net orders. The company added a special dividend, on top of its usual payout, as its net cash exceeded €10 billion.
Persons: Guillaume Faury Organizations: Airbus, Boeing Locations: India
The eurozone economy stagnated late last year as a lingering energy crisis sparked a loss of competitiveness in some European industries, and consumers reined in spending to grapple with high living costs, Europe’s statistics agency reported Tuesday. But economists believe the worst may be over, as the European Central Bank continues its campaign to wring out inflation without plunging the eurozone economy into a deep downturn. Compared with a year ago, the eurozone grew by just 0.1 percent. The anemic pace is keeping Europe far behind the United States, where the economy, although slowing from a breakneck growth pace, continues to be powered by consumer spending. Aggressive interest rate increases by the Federal Reserve have brought a slowdown in inflation, and the Fed is expected to begin unwinding those increases soon.
Organizations: European Central Bank, Federal Reserve Locations: Europe, United States
What books are on your night stand? “Everything/Nothing/Someone” by Alice Carrière, “Everything’s Fine” by Cecilia Rabess, “The Drama of the Gifted Child” by Alice Miller, “Small Things Like These” by Claire Keegan, “Severance” by Ling Ma, “The Future” by Naomi Alderman. What books are you embarrassed to admit you’ve never read? I’m all about emotion and beauty of the language over intellect. I want to weep, not take notes.
Persons: Alice Carrière, Cecilia Rabess, Alice Miller, , Claire Keegan, “ Severance, Ling Ma, Naomi Alderman, What’s, Sting ”, Paul Murray, Read, you’ve, , Ulysses
Airbus Is Pulling Ahead as Boeing’s Troubles Mount
  + stars: | 2024-01-17 | by ( Liz Alderman | ) www.nytimes.com   time to read: +1 min
Airbus cemented its position last week as the world’s biggest plane maker for the fifth straight year, announcing that it had delivered more aircraft and secured more orders than Boeing in 2023. At the same time, Boeing was trying to put out a huge public-relations and safety crisis caused by a harrowing near disaster involving its 737 Max line of airliners. In the long-running duel between the two aviation rivals, Airbus has pulled far ahead. “What used to be a duopoly has become two-thirds Airbus, one-third Boeing,” said Richard Aboulafia, the managing director of AeroDynamic Advisory in Washington, D.C. “A lot of people, whether investors, financiers or customers, are looking at Airbus and seeing a company run by competent people,” he said. “The contrast with Boeing is fairly profound.”The incident involving the 737 Max 9, in which a hole blew open in the fuselage of an Alaska Airlines flight in midair, was the latest in a string of safety lapses in Boeing’s workhorse aircraft — including two fatal crashes in 2018 and 2019 — that are indirectly helping propel the fortunes of the European aerospace giant.
Persons: , Richard Aboulafia Organizations: Airbus, Boeing, Washington , D.C, Alaska Airlines Locations: Washington ,
Tennessee Town Fought Mega Chick-Fil-a and Won
  + stars: | 2024-01-09 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +1 min
Chick-fil-A wanted to build a new, larger restaurant in a small town in Tennessee. But residents fought back, saying the "mega" restaurant would increase traffic. AdvertisementChick-fil-A had big plans to build a large-scale modern restaurant with an indoor playground and dual-drive-thru lanes in a small Tennessee town. But the fast-food juggernaut underestimated the tenacity of locals, who rallied against the proposed "mega" Chick-fil-A in Collierville, whose population is just over 50,000. The proposed restaurant, a relocation of an existing smaller Chick-fil-A, was billed by the company as the "latest greatest prototype Chick-fil-A has" in its system.
Persons: Chick, , Alderman Organizations: City, Service, Collierville, Business Locations: Tennessee, Collierville
In the rocky soil of Lorraine, a former coal mining region near the French-German border, scientists guided a small probe one recent day down a borehole half a mile into the earth’s crust. Frothing in the water table below was an exciting find: champagne-size bubbles that signaled a potentially mammoth cache of so-called white hydrogen, one of the cleanest-burning fuels in nature. “Hydrogen is magical — when you burn it you release water, so there are no carbon emissions to warm the planet,” said one of the scientists, Jacques Pironon, a senior researcher and professor at the University of Lorraine. “We think we’ve uncovered one of the largest deposits of natural hydrogen anywhere in the world.”The discovery by Mr. Pironon and another scientist, Philippe de Donato, both members of France’s respected National Center for Scientific Research, caused a sensation in France, where the government has vowed to become a European leader in clean hydrogen.
Persons: , Jacques Pironon, , Pironon, Philippe de Donato, France’s Organizations: University of Lorraine, National Center for Scientific Research Locations: Lorraine, France
Excluding food and energy prices, so-called core inflation rose 3.6 percent, a sharply slower pace than previous months. “The price to pay is higher interest rates, more difficult financing and therefore an economic slowdown,” he added. Interest rates were raised from below zero and are now at the highest level in the central bank’s two-decade history. But Europe is facing a drawn-out economic slowdown as high interest rates and the lingering impact of Russia’s war in Ukraine continue to curb activity. to start lowering interest rates next year, possibly before the summer.
Persons: ” Bert Colijn, ” Bruno Le Maire, Christine Lagarde, Colijn Organizations: ING Bank, European Central Bank, , Eurostat, France Inter Locations: Ukraine, France, Germany, Spain, Belgium, Europe, United States
Anne Hidalgo, the mayor of Paris, announced Monday on X, formerly Twitter, that she was quitting the social media site because it had devolved into a “gigantic global sewer” for disinformation, hatred, anti-Semitism and racism, and a “tool for destroying our democracies.”Without naming Elon Musk directly, she added: “This platform and its owner intentionally exacerbate tensions and conflicts.”In recent weeks, dozens of advertisers paused their campaigns on X after Mr. Musk endorsed an antisemitic conspiracy theory this month, and the company could lose as much as $75 million in ad revenue by the end of the year. Mr. Musk has strenuously denied that he is antisemitic or that the site supports disinformation, and visited Israel on Monday in an apparent bid to repair the damage. He met with Prime Minister Benjamin Netanyahu, who took him to an Israeli kibbutz where dozens of people were killed during the Hamas terrorist attack on Oct. 7. Mr. Musk was scheduled to meet later with President Isaac Herzog to discuss “the need to act to combat rising antisemitism online.” Israel also appeared to reach an understanding to deploy Starlink, the satellite internet service Mr. Musk owns, in Gaza for aid agencies to use amid cellular and internet blackouts.
Persons: Anne Hidalgo, Elon Musk, Musk, Benjamin Netanyahu, Isaac Herzog, ” Israel Organizations: Elon Locations: Paris, Israel, Gaza
ST. LOUIS (AP) — A former St. Louis alderman indicted in a fraud case was charged with lying to police about getting carjacked last year, authorities said. Charging documents say there was no evidence of an attempted carjacking and that several parts of Bosley's story did not line up with what investigators found, the St. Louis Post-Dispatch reported. Officers spoke with Bosley and the woman on Dec. 22, according to court documents, the St. Louis Post-Dispatch reported. Political Cartoons View All 1265 ImagesHe is scheduled to appear in court on Dec. 27 for this charge, the St. Louis Post-Dispatch reported. Meanwhile, Bosley's case in federal court is still pending, the St. Louis Post-Dispatch reported.
Persons: , Louis, carjacked, Brandon Bosley, Bosley, Lewis Reed, Jeffrey Boyd, John Collins, Muhammad Organizations: LOUIS, Louis Post, Dispatch, Democrats
The cities say they buy tickets only for migrants who want to travel and they do not coerce people to leave. The vast majority were bus tickets, but Denver also purchased about 340 tickets for flights and 200 for train rides. Ewing gave a similar message regarding El Paso’s busing of migrants to Denver, saying the two cities have been in communication. New York City and Chicago also are limiting migrants' shelter stays. “We have other Democratic cities, Denver, California, L.A., sending their people to Chicago, New York.
Persons: Mario Russell, ” Russell, Staff Mary Krinock, we’re, ” Jon Ewing, , Yoli Casas, “ There’s, We’re, Russell, Jared Polis, Lori Lightfoot, Eric Adams, Polis, , Joe Biden, Chicago Mayor Brandon Johnson, Ewing, El, ” Ewing, ” El, Greg Abbott, Abbott, Andrew Mahaleris, Ron DeSantis, Maura Healey, ’ ” Alderman Anthony Beale, Sophia Tareen, ___ Organizations: DENVER, Democratic, Center for Migration Studies of New, Catholic Charities, Archdiocese of, Staff, Denver Human Service, Vive Wellness, Denver, Center for Migration Studies, Colorado Democratic Gov, Chicago, New York City, Washington , D.C, Chicago Mayor, Democrat, Texas Gov, Democratic Gov, Chicago City, Associated Press, America Statehouse News Initiative, America Locations: Denver, U.S, Mexico, El Paso , Texas, New York, Illinois, Texas, Florida, Center for Migration Studies of New York, Chicago, Venezuela, Archdiocese of Chicago, . Texas, New, Cities, Denver , New York, Houston, Los Angeles, Washington ,, ” El Paso's, Philadelphia, San Antonio, Massachusetts, New York City, Denver , California, L.A, Chicago , New York
Total: 25