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The West could live with a frozen Ukraine conflict
  + stars: | 2023-11-13 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Ukraine may be heading for a similarly frozen conflict with Russia. So a frozen conflict would help the West achieve – at least partly – its key geostrategic aim: to show hostile powers that it doesn’t pay to invade one of its friends. In a frozen conflict, Ukraine would still need to invest heavily in massive fortifications, anti-missile defence systems and technology to deter Russian attacks. ECONOMIC WARIn a frozen conflict, sanctions against Russia would probably remain more or less in place. REBUILDING UKRAINEIt will be harder to rebuild Ukraine’s infrastructure in a frozen conflict than if there was peace.
Persons: Nuzhnenko, Vladimir Putin, Putin, Valery Zaluzhny, Volodymyr Zelenskiy’s, Joe Biden, Donald Trump, Tim Ash, Peter Thal Larsen, Thomas Shum Organizations: Ukraine's National Guard Omega, Radio Free, Radio Liberty, REUTERS Acquire, Reuters, Moscow, Hamas, U.S, EU, International Monetary Fund, Kremlin, Investors, BlueBay Asset Management, Soviet, Cyprus, European Commission, West, Thomson Locations: Avdiivka, Ukraine, Donetsk region, Radio Free Europe, Korea, Cyprus, Russia, Kyiv, , Israel, United States, Moscow, North Korea, Iran, Russian, UKRAINE, West Germany, Soviet Union
It was the latest reset for a prime minister whose party is badly lagging the Labour Party before an election expected next year. The return of Cameron suggested Sunak wanted to bring in a more centrist, experienced hand rather than appease the right of his party which supported Braverman. It also reawakens divisive debate over Brexit: Cameron held the referendum on European Union membership in 2016 and was hated by many on the right of the party after he campaigned to remain. BREXIT RETURNS[1/5]Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. Now, opposition lawmakers said his decision to appoint Cameron was an act of desperation.
Persons: Braverman, Rishi Sunak, David Cameron, Suella Braverman, Cameron, Sunak, BREXIT, Suzanne Plunkett, Theresa May, James, Pat McFadden, Elizabeth Piper, Andrew MacAskill, Alistair Smout, Sachin Ravikumar, Kylie MacLellan, Sarah Young, Kate Holton, Andrew Cawthorne Organizations: London, British, Labour Party, European Union, Britain, Conservative Party, REUTERS, Conservative, Conservatives, Labour, Thomson Locations: London, Britain, England, Labour's
WASHINGTON (AP) — President Joe Biden and China’s Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Beijing’s demands were made clear last November when Xi and Biden met in Bali, Indonesia, during the Group of 20 summit. That was a rejoinder to the Biden administration mantra that the two nations should compete vigorously while not looking for conflict. Beijing has bristled at export controls and other measures imposed by the Biden administration, perceiving them as designed to stifle China's economic growth. But Xi, this time, is likely to seek assurance from Biden that the U.S. will not pile new ones onto China.
Persons: Joe Biden, China’s Xi, what’s, Biden, Xi, Janet Yellen, , , Nancy Pelosi, Newt Gingrich, Xie Feng, Wang Wenbin, Zhu Feng, Zhu, Kanis Leung, Ken Moritsugu, Yu Bing Organizations: WASHINGTON, Economic Cooperation, BIDEN, U.S ., U.S, American, School of International Studies of Nanjing University, Trump, Biden, , Associated Press Locations: Asia, Taiwan, East, Europe, U.S, China, Francisco, Beijing, United States, Taiwan . Washington, Iran, Tehran, Israel, American, Hong Kong, Bali , Indonesia, Bali, Washington, ” Beijing, San Francisco
WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next weekend. GOP hardliners had been pushing Johnson to include budget cuts as part of his two-tiered CR plan, a source involved in discussions told NBC News. "My opposition to the clean CR just announced by the Speaker to the @HouseGOP cannot be overstated. The laddered plan has the backing of Congress' most conservative members, including Republicans who normally never vote for stopgap bills. "I want a clean CR," declared Connecticut Rep. Rosa DeLauro, the top Democrat on the Appropriations Committee.
Persons: Mike Johnson, Johnson, Chip Roy, Texas, Roy, Pelosi, Ken Buck, Rosa DeLauro, Hakeem Jeffries, Chuck Schumer, Schumer, Dan Bishop, you've, that's, Bishop Organizations: U.S, Capitol, WASHINGTON —, Republicans, Saturday, Israel, GOP, NBC News, One, Republican, House Republicans, Democratic, Caucus, CR, Senate, Connecticut Rep, House Republican, North Locations: Hama, Gaza, Washington , DC, Ukraine, Southern, Connecticut, New York, Israel, North Carolina
The electronic voting system the state uses, which was purchased from Dominion Voting Systems in 2019 and implemented statewide in 2020, has been the subject of outlandish conspiracy theories. When it was initially filed in 2017, it targeted the paperless touchscreen voting machines that Georgia had been using for 15 years. It was then amended to challenge the election system the state bought in 2019, with claims that the new system has similar vulnerabilities. At the upcoming trial, the plaintiffs have “a heavy burden to establish a constitutional violation” connected to the voting system, she wrote. “We look forward to presenting our full evidence at trial and obtaining critical relief for Georgia voters,” said David Cross, an attorney for some of the individual voters.
Persons: Amy Totenberg, Totenberg, , Brad Raffensperger, Alex Halderman, Gabriel Sterling, David Cross, SEB, Marilyn Marks, Raffensperger, ” Marks Organizations: ATLANTA, U.S, Coalition, Good, Georgia, Dominion Voting Systems, Dominion, Trump, Fox News, University of Michigan Locations: Georgia, Coffee County
WASHINGTON (AP) — President Joe Biden and Chinese President Xi Jinping will meet Wednesday in California for talks on trade, Taiwan and managing fraught U.S.-Chinese relations in the first engagement between the leaders of the world's two biggest economies in nearly a year. Thousands of protesters are expected to descend on San Francisco during the summit. Thousands of people protesting climate destruction, corporate practices, the Israel-Hamas war and other issues are expected to descend on San Francisco during the summit. San Francisco Police Department Chief Bill Scott said his department expects several protests a day but doesn't know which ones will materialize where and when. ___Associated Press writer Janie Har in San Francisco and Ken Moritsugu in Beijing contributed reporting.
Persons: Joe Biden, Xi Jinping, Biden, Xi, Karine Jean, Pierre, , Janet Yellen, Lifeng, Tsai Ing, Nancy Pelosi's, ” Biden, Bill Scott, Janie Har, Ken Moritsugu Organizations: WASHINGTON, Economic Cooperation, White, APEC, U.S ., Biden, Communist Party, Democratic, U.S, Beijing, Senate Intelligence, Pentagon, San Francisco Police Department, Associated Press Locations: California, Taiwan, Asia, San Francisco, U.S, China, San Francisco Bay, Beijing, United States, North Korea, Pyongyang, Russia, Ukraine, Iran, Tehran, Israel, Bali , Indonesia, Taipei, American, South China, Philippines, States
Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.
Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China
[1/5] An Israeli soldier operates amid the ongoing ground invasion against Palestinian Islamist group Hamas in the northern Gaza Strip, November 8, 2023. Hamas' armed wing on Wednesday released a video that appeared to show intense street battles alongside bombed out buildings in Gaza City. Israeli tanks have met heavy resistance from Hamas fighters using underground tunnels to stage ambushes, according to sources with Iran-backed Hamas and the separate Islamic Jihad militant group. ISRAEL BOMBS TUNNELSChief Israeli military spokesperson Rear Admiral Daniel Hagari said on Wednesday that "Hamas has lost control in the north" of Gaza. The Israeli military has repeatedly told residents to evacuate the north or risk being trapped in the violence.
Persons: Ronen, Israel, Antony Blinken, Blinken, Benjamin Netanyahu, Khalil al, Saleh al, Daniel Hagari, Colonel Ido, Hagari, U.N, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Matt Spetalnick, Humeyra Pamuk, Cynthia Osterman, Michael Perry Organizations: Palestinian, Hamas, REUTERS, West Bank, Jihad, Palestinian Authority, Israel's, ABC News, New York Times, Israel, Reuters, Wednesday, Journalists, 401st Brigade, Thomson Locations: Israeli, Gaza, Gaza City, West, Gaza WASHINGTON, GAZA, JERUSALEM, United States, Hamas, Iran, Israel, Washington, Tokyo, Palestinian, Aqsa, ISRAEL, Gaza's, Qatar, Jerusalem, Tel Aviv
US officials released a video of a Chinese fighter jet intercepting a US aircraft over the South China Sea. A former American aviator told Insider the incident highlights how Chinese pilots are "willing to challenge" the US in the area. "What we're witnessing is an increasingly competent and better trained Chinese flying cadre" that is "willing to challenge the US and allied flights occurring near the PRC air defense identification zone," retired Cmdr. The US says it documented more than 180 coercive or risky intercepts by Chinese aircraft since fall 2021. Two US Air Force F-16 Fighting Falcon aircraft sit parked on the flight line at MacDill Air Force Base in 2021.
Persons: , Guy Snodgrass, INDOPACOM, Snodgrass, isn't, Qian Baihua, Lauren Cobin Organizations: Pentagon, Service, US, Pacific Command, US Air Force, People's Liberation Army Air Force, Changchun Air Show, Changchun Dafangshen, Getty, East China Seas, North, America, US Department of Defense, China, People's, Army, MacDill Air Force Base Locations: South China, American, China, People's Republic of China, US, Chinese, South, Changchun, Changchun Dafangshen Airport, Jilin Province, East, Russian, Russia
That's the assessment of a new report released on Thursday by the American Academy of Arts and Sciences (AAAS). There is growing concern about a contradiction in the U.S. economy: jobs are plentiful and economic growth is strong, especially compared with other advanced economies, but surveys show many Americans are sour about the outlook. A key part of the report is a new tool developed to measure the well-being of Americans, which combines 11 different measures. Researchers around the world have long sought to find better ways to gauge the well-being of people that look beyond measures such as economic growth or unemployment. Reuters GraphicsOne unique part of the measure is an attempt to quantify the "political voice" of Americans.
Persons: Gaelen Morse, Matthew Slaughter, Nicholas Lemann, there's, Lemann, Jacob Hacker, Timothy Aeppel, Paul Simao Organizations: REUTERS, American Academy of Arts and Sciences, Dartmouth College's Tuck School of Business, Federal Reserve, U.S . Census, Columbia Journalism School, Reuters, Yale University, Thomson Locations: Columbus , Ohio, U.S, America
In a TikTok video, different generations revealed the rent prices for their first apartments. Viewers were left shocked after one baby boomer said he paid $98 per month for his first apartment. AdvertisementAdvertisementWhile a growing economy allowed the typical baby boomer to generate wealth, many millennials and Gen Zers have been weighed down by rising inflation and high rental costs. Several people argued that these prices do not account for inflation, but others pointed out that rent prices are still much higher today, even with inflation considered. Most recently, Gen Zers have been speaking out against work culture, arguing 9-to-5 schedules and in-office mandates are flawed.
Persons: boomer, Zer, Gen Zers, @captainmooseknuckless, Xer, Insider's Hillary Hoffower, Xers, Zers Organizations: Boomers, National Association of Realtors Locations: Baltimore , Maryland, Green Bay , Wisconsin, Hoboken , New Jersey, Savannah , Georgia, Denver , Colorado, Michigan, Zillow
Another off-year election, another good night for Democrats – a rejoinder to a spate of recent polls showing alarming 2024 prospects for President Joe Biden. In Election Day’s marquee contests – the Kentucky gubernatorial race, Virginia’s legislative elections and a pro-abortion-rights ballot measure in Ohio – Democrats notched victories. Beyond that, “the real test was Trump’s ability to move voters in a state race,” Cross says. Tate Reeves won a second term – though the race was relatively close for a deep red state. In the secretary of state race, incumbent Michael Watson, a Republican, outran Reeves by more than 8 points in defeating Democrat Ty Pinkins.
Persons: Democrats –, Joe Biden, Andy Beshear, Daniel Cameron, Kentucky’s, Beshear, Biden, Cameron, Glenn Youngkin, , Roe, Wade, Beshear’s, Al Cross, Cross, “ I’m, Rich Meagher, Youngkin, , Paul Beck, Daniel McCaffery, Carolyn Carluccio, Larry Ceisler, Micah Rasmussen, Rider, , Tate Reeves, Democrat Brandon Presley, Elvis Presley, Reeves, Democrat hasn’t, Presley, Jim Hood, “ Reeves, Steve Rozman, Donald Trump’s, Reeves “, ” Rozman, Republican Russell Coleman, Pamela Stevenson, Michael Adams –, Buddy Wheatley, Lynn Fitch, Democrat Greta Kemp Martin, Michael Watson, outran Reeves, Ty Pinkins, Mark Brewer Organizations: Democrats, Kentucky gubernatorial, Democratic, Republican, GOP, University of Kentucky’s Institute for Rural Journalism, Macon College, Senate, Republicans, Ohio State University, Rebovich Institute for New, Democrat, Public Service Commission, Mississippi, College, University of Maine Locations: Ohio, Kentucky, In Virginia, Letcher, Perry County, Hazard, Breathitt County, Jackson, Virginia, Randolph, Pennsylvania, Philadelphia, , New Jersey, Jersey, Rebovich Institute for New Jersey, Mississippi, Maine
Hamas officials say they do not regret the October 7 attack on Israel and would do it again. The Israeli response has killed thousands of Palestinians, but Hamas says the price is worth it. The goal was to "overthrow" the status quo, not "improve the situation in Gaza," one official said. In fact, Hamas leaders say their goal was to trigger that very response and that they're still hoping for a bigger war still. In an interview this week with the Lebanese newspaper Al-Liwaa, another Hamas leader, Osama Hamdan, reiterated that the group has no regrets for attacking Israel.
Persons: , they're, Saudi Arabia —, Khailil, Israel —, Hayya, Taher El, Nounou, Osama Hamdan, Hamdan Organizations: Service, New York Times, West Bank, United, Times, Lebanese, Israel Locations: Israel, Gaza, Saudi Arabia, United Nations
The institutional investors plying Britain's venture capital sector with cash have a penchant for backing funds owned entirely by men. All-male-owned firms raised 10 times more capital than funds owned by their female counterparts between 2017 and 2023, according to a report by impact fund Ada Ventures. A similar disparity was found among mixed-gender funds, which raised almost five times less than the male-owned funds. Those firms raised around 6.6 billion pounds during that period. Venture capital's diversity issues are well documented but there has been a slew of women leaving the industry this year.
Persons: VCs, Ekaterina Alamasque, Warner, Alamasque Organizations: Ada Ventures, Diversity, Google, Venture, Partners, Women
AdvertisementAdvertisementIn late August, the US approved an $80 million military grant to arm Taiwan against a potential Chinese invasion. It's part of a plan to wrong-step China's leaders and make them uncertain about how exactly the US would respond to Chinese attacks on Taiwan. "Those military packages are the Biden administration's efforts to build Taiwan's defense capabilities at a faster pace to match PLA [Chinese military] modernization efforts," said Kuo. Provoking ChinaSince the 1970s, the US has had a delicate diplomatic relationship with China, acknowledging the "One China" policy under which China claims ownership of Taiwan, yet also backing Taiwanese autonomy. "That could easily provoke exactly the Chinese attack on Taiwan that US policy aims to deter," he wrote.
Persons: Xi, , Biden, Xi Jinping, HECTOR RETAMAL, Joe Biden, Graeme Thomson, Naiyu Kuo, Kuo, Thompson, Hugh White, Beijing's, Kavanagh Organizations: Taiwan, Service, Bloomberg, BBC, Communists, CNN, Getty Images, White, Eurasia Group, PLA, China, Strategic Studies, Australian National University, US Locations: China, Taiwan, Taiwan's, Taiwan Strait, China's, Fujian province, AFP, Washington ,, Beijing, Washington
On Tuesday afternoon at a courthouse in Kansas City, Missouri, the collective nightmare of the real-estate industry became reality. For decades, the basic structure of how real-estate agents get paid when they help someone buy or sell their home has remained roughly the same. Here's how it works: When you list your home for sale on an MLS, you're required to offer a commission to the buyer's agent. The good buyer's agents who can prove their value will be fine, Brobeck predicted. The wild thing is, the decision could be just the beginning of tumult for the real-estate industry.
Persons: Burnett, , Stephen Brobeck, Brobeck, Mike Rosenthal, Rosenthal, Sellers, Saul Klein, you've, Klein, Keller Williams, Bob Goldberg, Inman, Opendoor, James Rodriguez Organizations: National Association of Realtors, NAR, MLS, Consumer Federation of America, Consumer, nab, New York Times, Justice Department Locations: Kansas City , Missouri, Missouri , Illinois, Kansas, California
On Tuesday afternoon at a courthouse in Kansas City, Missouri, the collective nightmare of the real-estate industry became reality. For decades, the basic structure of how real-estate agents get paid when they help someone buy or sell their home has remained roughly the same. Here's how it works: When you list your home for sale on an MLS, you're required to offer a commission to the buyer's agent. The good buyer's agents who can prove their value will be fine, Brobeck predicted. Buyers might also start making offers on the condition that the seller agrees to pay both agents' commissions — otherwise, no deal.
Persons: Burnett, , Stephen Brobeck, Brobeck, Mike Rosenthal, Rosenthal, Sellers, Saul Klein, you've, Klein, Keller Williams, Bob Goldberg, Inman, Opendoor, James Rodriguez Organizations: National Association of Realtors, NAR, MLS, Consumer Federation of America, Consumer, nab, New York Times, Justice Department Locations: Kansas City , Missouri, Missouri , Illinois, Kansas, California
School board members refuse to cede any ground. One was a discordant school board meeting in September that stretched over nearly five hours. The other was a school board candidates forum that drew a full room in October. Since then, the school board has hired its own private security to stand guard at meetings. While she does not have proof, Drane thinks it was retaliation for her vocal resistance against the new school board majority.
Persons: , ___, Michelle Obama, Belén Rodas, that’s, Jordan Lynch, Dale Swanson, Swanson, Glenn Youngkin, distresses Frank Morgan, , Tamara Quick, didn't, ” Rabih Abuismail, ” Kirk Twigg, Twigg, Mark Taylor, Taylor, Toni Morrison, Tom Eichenberg, Abuismail, Lisa Phelps, Fabiana Parker, Parker, Heather Drane, we’re, Drane, It's, Lynch, ” Rodas, ___ Swenson, Serkan Gurbuz Organizations: Spotsylvania School, Democratic, Republican, GOP, Spotsylvania School Board, Rappahannock Conservative Women’s Coalition, Republicans, Liberty, Republican Gov, Virginians, , Youngkin, NAACP, Associated Press, AP Locations: FREDERICKSBURG, Va, Spotsylvania, United States, Virginia, , Spotsylvania County, America, Spotsylvania ., Rockingham County, Goochland County, South Carolina, Manassas, New York
An Israeli ‘Pause’ Would Help Hamas
  + stars: | 2023-11-04 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Wonder Land: The Democratic Party never expected Jew-hatred to be a feature of its coalition. Images: AP Composite: Mark KellyPresident Biden has been stalwart in backing Israel’s right to destroy Hamas after the Oct. 7 massacre. But a political backlash is growing, in the Democratic Party and abroad, to rein in Israel before it can achieve its military objectives. Is the Administration’s support beginning to crack? Secretary of State Antony Blinken went to Israel Friday to deliver a mixed message: Defeat Hamas—“there cannot and must not be a return to the pre-Oct. 7 status quo”—but pause the fighting and think about a two-state solution for Palestinians “not tomorrow, not after the war, but today.”
Persons: Mark Kelly President Biden, Antony Blinken, , , Organizations: Democratic Party Locations: Israel
CNN —As Israel continues its fourth week of intense bombardment of the besieged Gaza strip, huge crowds of protesters have gathered to call for a ceasefire in Washington, D.C. as well as in other capital cities around the globe. In addition to an “immediate ceasefire,” the protesters are also calling for an end to US military aid to Israel and an end to the blockade on Gaza. Israeli authorities have rebuffed calls for a ceasefire, saying no ceasefire would be possible until all hostages are freed. Olivier Douliery/AFP/Getty ImagesDemonstrators take to the streets across the worldIn addition to Washington, D.C., pro-Palestinian protesters are also marching in other major cities across the world Saturday to demand a ceasefire. In New York last week, hundreds of protesters from a Jewish organization calling for a ceasefire were arrested at Grand Central Station.
Persons: Israel, , Iman Abid, Thompson, Joe Biden, “ Biden, Biden, Celal, Mohamed el Kurd, , Macklemore, , “ I’m, I’m, Yara Shoufani, ” Shoufani, Abid, Olivier Douliery, George Floyd, don’t Organizations: CNN, Organizers, US, Palestinian, Washington D.C, International People’s Assembly, Anadolu Agency, People’s, Palestinian Youth Movement, , Israel, Congress, Getty, Washington , D.C, Met Police, Palestine Solidarity Campaign, London’s Metropolitan Police, IDF, Grand Central, Port, KABC Locations: Gaza, Washington ,, White, Palestine, Israel, Palestinian, U.S, AFP, Manchester, Oxford, Newcastle, Liverpool, Europe, Latin America, Paris, France, Berlin, Germany, Santiago, Chile, Caracas, Venezuela, Philadelphia, New York, Oakland
TEL AVIV (AP) — U.S. Secretary of State Antony Blinken warned Israel on Friday that it risks destroying an eventual possibility for peace unless it acts swiftly to improve humanitarian conditions in Gaza for Palestinian civilians as it intensifies its war against Hamas. At the same time, he said he was also shaken by images of dead and wounded Palestinian children in Gaza. Blinken also said it was imperative for Israel, regional countries, the U.S. and others to begin considering what the future of Gaza will look like if and when Hamas is destroyed. He said the idea of Hamas remaining responsible for the governance Gaza, thereby posing a continued threat to Israel, was “unacceptable." “Within those parameters we will continue to have discussions in the region and our partners about what should follow once Hamas is defeated," Blinken said.
Persons: Antony Blinken, Israel, Blinken, Benjamin Netanyahu, Netanyahu, Blinken's, Israel's, , Hassan Nasrallah, , Nasrallah, __ Tucker, Lolita C Organizations: , Hamas, Biden, American, U.S, Reuters, Associated Press Locations: TEL AVIV, Gaza, Israel, Tel Aviv, America, Iran, Lebanon, U.S, , Washington
The injury left Mr. Nabaheen permanently paralyzed and wheelchair bound for the rest of his life. I represented him as part of a landmark case that sought civil remedies for his life-changing injuries through the Israeli court system. Put simply, Mr. Nabaheen’s case set a chilling precedent such that no one in Gaza can seek compensation for any damages caused by Israel. Many of them, like Mr. Nabaheen, had already survived several wars before finally succumbing to this one. And like Mr. Nabaheen, there will likely be no recognition or recourse for their tragedies.
Persons: Attiya Nabaheen, Nabaheen, Mezan, Nabaheen’s, Al Mezan, Mr, , Esther Hayut, Organizations: Palestinian, Israeli, Legal Center, Arab Minority Rights, Al Mezan, for Human Rights, Israeli Ministry of Defense, United Nations, Supreme Locations: Gaza, Israeli, Haifa, United States, Israel, Adalah, Gaza City
The monthly data does comes with a footnote: The headline job gains of 150,000 were depressed by a United Auto Workers strike. But even accounting for that the number was close to the 183,000 monthly pace of job growth sustained for the 10 years before the pandemic, from 2010 to 2019, and to that extent looked "normal" after years of outsized job gains. The pace of annual wage growth eased down to 4.1% in October in a continuing decline, while the month-to- month increase of 0.2% annualizes to around 2.4%, within the Fed's comfort zone. If labor force growth is coupled with an easing of open jobs, it could show a job market moving closer to balance. But if consumption remains strong and drives still-high numbers of openings, then a stall in labor force growth could reignite wage pressures.
Persons: Jerome Powell, Howard Schneider, Andrea Ricci Organizations: Federal Reserve, United Auto Workers, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S
CNN —Secretary of State Antony Blinken arrived in Israel Friday to press the Israeli government on its ongoing offensive in Gaza amid growing international condemnation and a steadily mounting civilian death toll. Blinken touched down in Tel Aviv on Friday morning, accompanied by newly confirmed US Ambassador to Israel Jack Lew. The continued flow of that humanitarian aid and ongoing departure of civilians will be another key focus of his conversations in Israel, Blinken said Thursday. Israeli officials have also limited the entrance of fuel into Gaza, arguing that Hamas has stolen large quantities and withheld it from civilians. The top US diplomat has said repeatedly that there cannot be a return to the “status quo” with Hamas, and Israeli officials have said they intend to eliminate the group from Gaza.
Persons: Antony Blinken, Benjamin Netanyahu, Blinken, Israel Jack Lew, ” Blinken, Privately, you’re, ” –, , “ That’s, it’s, Matt Miller, ” Miller Organizations: CNN, Hamas, Palestinian Authority, West Bank . State, West Bank Locations: Israel, Gaza, Tel Aviv, Washington, DC, , Mosul, Aleppo, Fallujah, , Jordan, Bahrain, Rafah, Egypt
New York CNN —Thousands of rideshare drivers in New York may be eligible to receive significant back pay from Uber and Lyft as part of a settlement announced by the state attorney general on Thursday. New York Attorney General Letitia James announced two settlement funds totaling $328 million with rideshare companies Uber and Lyft for allegedly “cheating drivers out of hundreds of millions of dollars” in earnings, according to a statement from her office. The investigation also accuses Uber of misrepresenting deductions made to drivers’ pay in their terms of service. More than 100,000 drivers in New York stand eligible to receive settlement funds and expanded benefits. “This is a win for drivers, and one we are proud to have achieved with the New York Attorney General’s Office,” Bird said in a statement.
Persons: Letitia James, Uber, Lyft, James, ” James, ” James ’, James ’, Tony West, West, , , ” West, Jeremy Bird, ” Bird, Bird Organizations: New, New York CNN, Uber, . New York, Black, Fund, New York Attorney, New York Locations: New York, York, New York City, Tony, New York State, California, Washington
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