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☆ For US renters, the chance of owning a home is going from bad to worse
▼ + stars: | 2024-05-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.

Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, “, Perdue “, ”, Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China

☆ Slaughterhouse cleaning company fined $649,000 for child workers
▼ + stars: | 2024-05-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. The company said in February that it had ended all of its contracts with Fayette, according to the Sioux City Journal. Instances of illegal child labor have been growing in recent years, and other contractors have been fined over employing minors.

Persons: ” Fayette, “, Perdue “, ”, – CNN’s Melissa Alonso, Ramishah Maruf Organizations: New, New York CNN, United States Department of Labor, CNN, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Sioux City, Packers Sanitation Services Locations: New York, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia

☆ Janitorial company hired minors to clean slaughterhouses, US Labor Dept. says
▼ + stars: | 2024-02-22 | by ( Melissa Alonso | ) edition.cnn.com time to read: +3 min

“Minors were used to clean dangerous kill floor equipment such as head splitters, jaw pullers, meat bandsaws, and neck clippers,” the Labor Department said in a news release Wednesday. CNN has reached out to Fayette Janitorial Services and STF for comment. To fulfill janitorial service contracts, the janitorial company employed at least 24 children between the ages of 13 and 17 to work overnight shifts cleaning dangerous equipment, the complaint says. According to the filing, the janitorial company employed 15 children, as young as 13-years-old, in Virginia and at least nine children in Iowa on its overnight sanitation shifts. On January 10, 2022, Fayette hired one minor “to work the overnight sanitation shift at the Perdue Facility, when he was 13 years old,” said the complaint.

Persons: “, Perdue, ”, Fayette, Seema Nanda, ” Nanda Organizations: CNN, U.S . Labor Department, Labor Department, Labor, Seaboard Triumph Foods, Perdue, “, Perdue Facility, Fair Labor Locations: Tennessee, Fayette, Sioux City , Iowa, Accomac , Virginia, Virginia, Iowa

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