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That's according to Frederick Kempe, CEO of foreign policy think tank Atlantic Council, and it is a fear he says more CEOs of major corporations are focused on today. JPMorgan CEO Jamie Dimon recently warned, “This may be the most dangerous time the world has seen in decades.”According to Kempe, that's a feeling shared in many corporate boardrooms. The last three major inflection points in history were World War I, World War II, and the Cold War, and now the tensions and risks are higher than ever. Kempe believes it's up to the United States to ensure the global system stays intact. He cited how the choices made by the U.S. after World War I led to isolationism, the Holocaust, and millions of deaths, while the nation "got it right" after World War II, resulting in international institutions like the United Nations and NATO.
Persons: Frederick Kempe, Jamie Dimon, Kempe, that's, it's Organizations: Al, Atlantic Council, JPMorgan, CNBC, U.S, United Nations, NATO Locations: Al Bureij, Gaza City, Gaza, United States, Israel, Ukraine, Afghanistan, Russia, U.S
The War on College Campuses
  + stars: | 2023-11-02 | by ( Lauren Camera | ) www.usnews.com   time to read: +16 min
College campuses have always been bastions of protest, where young, energetic students push older generations in the direction of the next social or political reform. Notably, the prevailing notions of the liberal bent of college campuses are not incorrect. According to a 2023 survey by FIRE of roughly 1,500 four-year college professors, 50% identify as liberal, 17% as moderate, and 26% as conservative. Analysts say the recent inflammatory examples that have not only riven college campuses but altered the way many Americans view them also underscore the increasing difficulty observers in the U.S. have of sitting with complex developments. Many of the country’s most elite schools actually perform the worst, according to the 2024 College Free Speech Ranking by FIRE.
Persons: Ron DeSantis –, , , , Zach Greenberg, Nikki Haley, Carolina Sen, Tim Scott, Pell Grant, Donald Trump, Strawn, Davis Polk, Sarah Lawrence, Samuel Abrams, ” Greenberg, Joe Biden, Peter Coleman, Morton, Coleman, “ We’re, Tony Banout, ” Banout, ” Coleman Organizations: Hamas, National Students for Justice, Florida Gov, College, Foundation, Rights, , U.S ., Harvard’s, for Palestine, Palestine Solidarity Committee, George Washington University, GOP, Former South Carolina Gov, Customs, Winston, Wardwell, Harvard University, Columbia University, Harvard, University of Pennsylvania, FIRE, Sarah Lawrence College, New York Times, Columbia, America – Democrats, Republicans, Jewish, Tulane University, Cornell University, FBI, White, Department of Homeland Security, Department of Justice, Morton Deutsch International, for Cooperation, Israel, University of Chicago, University of Chicago Forum, Free Locations: Israel, Palestine, America, Florida, Gaza, U.S, Former, ., Carolina, Columbia, Costa Rica
WASHINGTON (AP) — Treasury Secretary Janet Yellen wants Latin America to trade more with the United States as part of an initiative that so far has failed to disrupt China’s dominance in global manufacturing. The Inter-American Development Bank, which is the biggest multilateral lender to Latin America, would support new projects through grants, lending and new programs. But if you’re not involved, this opens the door for anybody” to invest in Latin America. Latin America will be a region of increased focus in the next year, as Brazil takes the presidency of the Group of 20 international forum. A Treasury official told the AP that Yellen will be traveling frequently to South America and Latin America over the next year, due to Brazil's G-20 presidency.
Persons: Janet Yellen, Yellen, ” Yellen, Ilan Goldfajn, you’re, Organizations: WASHINGTON, , Inter, American Development Bank, Partnership, Economic Prosperity, , White, , Boston University Global Development, El, Associated Press, Treasury Department, Treasury, AP Locations: America, United States, U.S, Caribbean, Peru, Chile, Ecuador, Uruguay, Dominican Republic, Costa Rica, China, South America, American, Honduras, Taiwan, El Salvador, Nicaragua, Panama, Brazil, Latin America
Five Minutes That Will Make You Love Thelonious Monk
  + stars: | 2023-11-01 | by ( Marcus J. Moore | ) www.nytimes.com   time to read: +4 min
I was just smiling and thinking about being at Zinc Bar in the West Village, talking to someone special. It’s become a beautiful mainstay in my vault of “deeper cuts” and I often head over to the “Thelonious Alone in San Francisco” album to listen to it. Listen on YouTube◆ ◆ ◆Andrew Winistorfer, writer and reissue producer“Ugly Beauty”Listening to Thelonious Monk sometimes feels like listening to Monk listening to Monk; he spent much of his recorded output reworking, rerecording and recontextualizing his masterwork compositions like “Ruby, My Dear” and “Crepuscule With Nellie” across multiple albums. The Thelonious Monk Quartet with John Coltrane at Carnegie Hall is otherworldly. In contemporary music, I compare Dilla to Monk because of his placement of samples, challenging our idea of rhythm and hesitation.
Persons: Arooj Aftab, It’s, Andrew Winistorfer, Monk, Crepuscule, Nellie ”, Charlie Rouse, Monk’s, it’s, , ◆ King Britt, John Coltrane, Charlie Rouse’s, Dilla Organizations: YouTube, Carnegie Hall Locations: West, San Francisco, Japan
ATLANTIC CITY, N.J. (AP) — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. Some projects already have been canceled, and many offshore wind developers are seeking better terms from governments with whom they have already contracted. Despite the challenges, some wind projects are moving forward. Orsted said it is proceeding with its Revolution Wind project in Connecticut and Rhode Island. And New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone.
Persons: ” Mads Nipper, , , Louis Knight, Biden, Jeff Van Drew, “ David, Goliath, Robin Shaffer, Orsted, ___, Wayne Parry Organizations: CITY, New, Orsted, Northern, World Meteorological Organization, Sierra Club, , U.S, Government, Office, Republican, Dominion Energy, Virginia Beach, American Clean Power Association, Oceantic Network, Shell, EDF Renewables, Atlantic Locations: N.J, New Jersey, Danish, U.S, New England, Carolinas, New York, Coast NJ, Connecticut, Rhode, Virginia, Atlantic Shores, EDF Renewables North America, www.twitter.com
Blinken told a Senate Appropriations Committee hearing the status quo of Palestinian Islamist group Hamas being in charge of the densely populated enclave could not continue, but Israel did not want to run Gaza either. Between those two positions were "a variety of possible permutations that we're looking at very closely now, as are other countries," Blinken said. It may involve international agencies that would help provide for both security and governance," Blinken said. U.N. and other aid officials said civilians in the besieged Palestinian enclave were engulfed by a public health catastrophe, with hospitals struggling to treat casualties as electricity supplies petered out. "We have had very preliminary talks about what the future of Gaza might look like," State Department spokesperson Matthew Miller said in a briefing.
Persons: Humeyra Pamuk, Simon Lewis WASHINGTON, Antony Blinken, Blinken, Joe Biden's, Matthew Miller, Simon Lewis, Steve Holland, Costas Pitas, Stephen Coates, Chris Reese Organizations: Palestinian, United Nations, Bloomberg, U.S, Department Locations: United States, Gaza, Israel, U.N, Washington
U.S. Secretary of State Antony Blinken speaks in Tel Aviv, Tuesday Oct. 17, 2023, after an overnight meeting with Israeli Prime Minister Benjamin Netanyahu. Blinken told a Senate Appropriations Committee hearing the status quo of Palestinian Islamist group Hamas being in charge of the densely populated enclave could not continue, but Israel did not want to run Gaza either. Between those two positions were "a variety of possible permutations that we're looking at very closely now, as are other countries," Blinken said. It may involve international agencies that would help provide for both security and governance," Blinken said. "We have had very preliminary talks about what the future of Gaza might look like," State Department spokesperson Matthew Miller said in a briefing.
Persons: Antony Blinken, Benjamin Netanyahu, Jacquelyn Martin, Blinken, Joe Biden's, Matthew Miller, Humeyra Pamuk, Simon Lewis, Steve Holland, Costas Pitas, Stephen Coates, Chris Reese Organizations: Israeli, Rights, Palestinian, United Nations, Bloomberg, U.S, Department, Thomson Locations: Tel Aviv, United States, Gaza, Israel, U.N, Washington
Robyn PearsonHyslop and two friends from college cofounded The Gist in 2017, and she continues to serve as head of content. While it's geared toward female fans, The Gist's content equally covers both men's and women's sports, inspired by the initial mission of its founders to include everyone in conversations about sports. "And I think that we're proving that you can do something different and still do it really, really well." Guides to specific sports break down the rules and document how women have shaped the game. The Gist's TikTok and Instagram platforms both have about 170,000 followers, with an additional almost 45,000 for Canadian sports news .
Persons: Ellen Hyslop, Robyn Pearson Hyslop, Gist, Hyslop Locations: Toronto, Canada
It's one, he argues, where finally finding agreement on a long-sought two-state solution to the Israel-Palestinian conflict should be a priority. The White House says Biden conveyed the same message directly to Netanyahu during a telephone call this past week. “It also means that when this crisis is over, there has to be a vision of what comes next, and in our view it has to be a two-state solution,” Biden said. In an updated version of the Foreign Affairs essay posted online, Sullivan wrote that the administration was “committed to a two-state solution." One presidential hopeful, biotech entrepreneur Vivek Ramaswamy, said Israel should feel free to abandon “the myth of a two-state solution."
Persons: ” Biden, Biden, Netanyahu, , It's, Jake Sullivan, Sullivan, , Israel’s, Aaron David Miller, , “ It’s, Biden's, Vivek Ramaswamy, Dennis Ross, George H, Bush, Bill Clinton, Ross, it’s, John Kirby, Israel, Rami Nashashibi, ” Nashashibi, Republican Donald Trump, Democrat Hillary Clinton, he’s, Bernie, Michelle L, Price Organizations: Middle, West Bank, Authority, Democratic, Republican, Republican Jewish Coalition, White House, Hamas, Israel, White, National Security, Gaza, Ministry, Inner, Muslim Action Network, Democratic Party, Arab, Michigan Democratic Party, Michigan, Democrat, Associated Locations: Israel, American, Gaza, Las Vegas, Biden's Israel, United States, Palestinian, U.S, Chicago, Eastern, Michigan
With tension climbing again, the Lebanese authorities issued precautionary guidance for evacuating the airport and surrounding installations in case of emergency. Israel's military said on Saturday it had "thwarted a surface-to-air missile that was fired from Lebanon" towards an Israeli unmanned aerial vehicle (UAV). It also said one its drones had hit a "terrorist cell" in Lebanon which had tried to launch an anti-tank missile at Israel. Sources have previously said Hezbollah's attacks on Israel were designed to keep Israel's army occupied without provoking a major war. Israel has said it has no interest in waging war and that if Hezbollah is restrained it will maintain the status quo.
Persons: Lebanon's, Riham, Edmund Blair, Giles Elgood Organizations: Lebanese, Beirut Rafic Hariri International Airport, Hamas, Thomson Locations: BEIRUT, JERUSALEM, Lebanon, Beirut, Gaza, Beirut Rafic, Israel, Naqoura, Dhayra, Jerusalem
An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. Bond yields move inversely to prices. That, in turn, has pushed bond yields higher and sapped money from government budgets by raising borrowing costs. In Germany, Europe's largest economy, yields have hit their highest level since the 2011 euro zone debt crisis. "I think that is going to cause a lot of pain moving forward in terms of the economy," Neuhauser said.
Persons: David Neuhauser, Neuhauser, Bond, Kevin Zhao, Scott Heins Organizations: Livermore Partners, CNBC, U.S . Treasury, UBS Asset, New York Stock Exchange, Dow Jones Industrial, Getty Locations: Germany, Europe's, Japan, NY, New York City
MADISON, Wis. (AP) — A vote by the Republican-controlled Wisconsin Senate last month to fire the state's nonpartisan top elections official had no legal effect, and lawmakers are barred from ousting her while a lawsuit plays out, a Dane County judge ruled on Friday. Administrator Meagan Wolfe will continue serving as head of the Wisconsin Elections Commission pending a decision on whether elections commissioners are legally required to appoint someone for the Senate to confirm, Judge Ann Peacock said. They also asked Peacock to order the elections commission to appoint an administrator for the Senate to vote on. The bipartisan elections commission deadlocked in June on a vote to reappoint Wolfe. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Persons: Meagan Wolfe, Ann Peacock, Wolfe, Josh Kaul, Peacock, ” Kaul, reappoint Wolfe, Joseph Czarnezki, Joe Biden, Biden, Donald Trump, Organizations: Republican, Wisconsin Senate, Senate Republicans, Senate, Democratic, GOP, Republicans, WEC, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin, Dane
REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 26 (Reuters) - U.S. ski great Bode Miller expects compatriot Mikaela Shiffrin to have another dominant season and would not be surprised if she crowns it by becoming the first Alpine skier to win 100 World Cup races. Shiffrin has 88 career wins after breaking Ingemar Stenmark's long-standing record 86 last season, when she also took 14 victories over the course of the year. Miller, in Austria for the European launch of his Peak Ski Company's recreational skis, said it was not like Shiffrin was some flash in the pan. Miller, who won 33 World Cup races in all five disciplines, said that carried risks but Shiffrin was different. "For me, low on the priority scale is whether or not we can have World Cup races.
Persons: Mikaela, Mike Segar, Bode Miller, Mikaela Shiffrin, " Miller, Shiffrin, Miller, Switzerland's Marco Odermatt, Odermatt, Alan Baldwin, Christian Radnedge Organizations: Reuters, REUTERS, Thomson Locations: Manhattan, New York City , New York, U.S, Austrian, Shiffrin, American, Soelden, Austria, London
Dealers have been warning of slowing EV demand for months. While GM's about-face was somewhat of a surprise to investors, the Detroit car company is not alone in this new view of the EV future. Just a few months after dealers have started coming forward to warn of slowing EV demand, manufacturers appear to be catching up to that reality. In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year, and abandoned a 2026 target to build 2 million EVs . In scrapping plans with GM to co-develop sub-$30,000 EVs, Honda CEO Toshihiro Mibe said the shifting EV environment was difficult to gauge.
Persons: Mercedes, , Mary Barra, Bolt, GM doesn't, Tesla's Elon Musk, Harald Wilhelm, Mercedes isn't, Ford, Toshihiro Mibe, Mibe Organizations: EV, Dealers, Service, GM, Barra, Benz, Honda, Bloomberg Locations: Detroit
Mercedes-Benz shares were sharply lower Thursday after the German carmaker reported a decline in profit and revenue as challenges from electrical vehicle competition to supply chains. On an analyst call regarding the results, Chief Financial Officer Harald Wilhelm described the EV market as a "pretty brutal space," Reuters reported. "I can hardly imagine the current status quo is fully sustainable for everybody," Wilhelm said, according to the news agency. Group earnings before interest and taxes (EBIT) fell 7% to 4.8 billion euros ($5.06 billion) in the third quarter. Revenue was down 1.4% to 37.2 billion euros, below the consensus estimate, as passenger car sales dropped 5%, partially due to supply chain challenges.
Persons: Harald Wilhelm, Wilhelm Organizations: Mercedes, Benz, Reuters, Revenue Locations: Brussels, Belgium, Frankfurt, London, EVs
watch nowLawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his FTX fraud trial. Earlier Wednesday, one of Bankman-Fried's two chief trial attorneys, Mark Cohen, said in a conference call that his client would testify as would three other people. Cohen cited specific examples where, at the guidance of FTX lawyers, Bankman-Fried adopted a policy which prosecutors argued shows his criminality. But Cohen wrote that Bankman-Fried's understanding was that these auto-deletion policies were "instituted under the guidances of lawyers." "We respectfully submit that Mr. Bankman-Fried's knowledge of industry practices regarding the use of omnibus wallets is relevant to his good faith belief that his conduct was permissible," the letter added.
Persons: Sam Bankman, Judge Lewis Kaplan, Kaplan, Mark Cohen, Cohen, Fried, Caroline Ellison, Bankman, SBF, Gary Wang, Adam Yedidia, Wang, FTX, Sun Organizations: Bahamian, Stanford, Alameda Research, Prosecutors, Bankman, Bahamas Securities Commission, Securities Commission, The Locations: Manhattan, FTX, Alameda, Bahamian, The Bahamas, United States
The company on Thursday reported a 12.4% adjusted return on sales in its cars division in the third quarter. Mercedes-Benz described the market environment as "subdued", but Wilhelm said "we are beyond the worst" when it comes to inflation and energy pricing. Mercedes-Benz earlier this month reported a 4% drop in overall third-quarter sales, with top-end sales down 11%, partly caused by model changeovers and a shortage in 48-volt systems supplied by Bosch. Car revenue dipped 3.8% due to the fall in deliveries, but the average selling price remained stable, the company said. ($1 = 0.9485 euros)Reporting by Victoria Waldersee; Editing by Rachel More, Jacqueline Wong and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Issei Kato, BEV, Harald Wilhelm, Wilhelm, Mercedes, Tesla, Victoria Waldersee, Rachel More, Jacqueline Wong, Jan Harvey Organizations: Mercedes, Benz, Japan, REUTERS, EV, BMW, VW, Ford, Porsche, Bosch, Thomson Locations: Tokyo, Japan, BERLIN, Germany, United States, China, stoke
U.S. President Joe Biden addresses a joint press conference with Australia’s Prime Minister Anthony Albanese in the Rose Garden at the White House in Washington, U.S., Oct. 25, 2023. WASHINGTON — President Joe Biden Wednesday stressed the United States believes the conflict between Israel and Hamas must end with a vision of a "two-state solution." "It also means, when this crisis is over there has to be a vision of what comes next, and, in our view, it has to be a two-state solution." Achieving this, Biden said, means "a concentrated effort for all the parties — Israelis, Palestinians, regional partners, global leaders — to put us on a path toward peace." Biden spoke in the White House Rose Garden, standing beside Australian Prime Minister Anthony Albanese at a press conference after their bilateral meeting Wednesday afternoon, and ahead of a state dinner.
Persons: Joe Biden, Anthony Albanese, Biden, Organizations: Australia’s, White, WASHINGTON, Australian Locations: Washington , U.S, United States, Israel
The scheduled Fed board meeting will mark the first time in over a decade that the central bank has proposed revising the fees, which generated around $24.31 billion for lenders in 2019, the most recent Fed data shows. The Fed has not said how it plans to change the fees, which have long been criticized by retailers as disproportionately high, and a spokesman for the central bank declined to comment. The Wall Street Journal reported last week that the Fed will lower the caps, sending shares in credit card companies Visa V.N and Mastercard MA.N lower. In 2011 the central bank capped them at 21 cents per transaction, plus 0.05% of the transaction cost. Analysts said that it is likely the Fed could face a legal challenge from either industry if it pursues new caps.
Persons: Austen Jensen, Dodd, Frank, Banks, TD Cowen, Jaret Seiberg, Pete Schroeder, Michelle Price, Aurora Ellis Organizations: U.S . Federal, Fed, Retail Industry, Association, Street, Visa V.N, Mastercard MA.N, Thomson
[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".
Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China
A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. "While sharing development benefits and growth dividends on the mainland and achieving rapid development, Taiwan enterprises should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of cross-Straits relations." China believes Lai, who is leading opinion polls, is a separatist bent on a formal declaration of independence. "As pointed out by the media on the island, Lai Ching-te has now changing from a Taiwan independence maniac to a Taiwan independence liar," she said.
Persons: Ann Wang, Zhu Fenglian, Zhu, Lai Ching, Democratic Progressive Party's, Lai, Ben Blanchard, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Apple, Global Times, Taiwan Affairs Office, Taiwan, Democratic Progressive, Beijing, Thomson Locations: New Taipei City, Taiwan, Rights BEIJING, Taiwan Strait, China, Beijing
Back then, Israel defeated the armies of three Arab states — Egypt, Syria and Jordan — in what became known as the Six-Day War. Today, if you look closely, you’ll see that Israel is now fighting the Six-Front War. But one thing is crystal clear to me: Israel cannot win this six-front war alone. This is the first Israeli government ever to make annexation of the West Bank a stated objective in its coalition agreement. Be advised: If Israel does invade Gaza, corporations everywhere will be facing competing demands from employees to denounce Israel or Hamas.
Persons: Israel, Jordan —, Israel —, Benjamin Netanyahu, Netanyahu, Jewish supremacists, we’ve, Ali Reza Zakani, Yossi Klein Halevi, what’s, Mahmoud Abbas, Joe Biden, Biden Organizations: West Bank, United, Palestinian Authority, Hamas, Wednesday, U.S, Israel, Eye Locations: Israel, Egypt, Syria, West, United States, Gaza, Eilat, Haifa, Jewish, Jerusalem, Aqsa, Saudi Arabia, Iran, Lebanon, Iraq, Yemen, U.S, Palestinian, East, Tehran, Lebanese, Baghdad, Damascus, Beirut, Sana, Times, Oslo
House Republicans Nominate Tom Emmer For Speaker
  + stars: | 2023-10-24 | by ( Kaia Hubbard | Oct. | At P.M. | ) www.usnews.com   time to read: +3 min
House Republicans narrowly voted to nominate Rep. Tom Emmer for speaker on Tuesday after a series of votes where he edged out the latest slate of candidates eyeing the gavel. 2 House Republican, spelling uncertainty for Emmer’s prospects in a floor vote. As a member of leadership, Emmer had an edge over his opponents in his staff operation. But like those who came before him in the speaker standoff, Emmer is not without his opposition. Emmer voted to certify the 2020 election, he reportedly encouraged House Republicans to distance themselves from Trump in the midterm elections and, like other members of House leadership, he hasn’t endorsed Trump’s 2024 bid.
Persons: Tom Emmer, , Kevin McCarthy, Steve Scalise, Emmer, Mike Johnson of, McCarthy, he’s, speakership, Donald Trump, hasn’t, Trump’s, Trump, he’s “, Jim Jordan, Scalise, he’ll Organizations: Republicans, Republican, Minnesota Republican, National Republican Congressional, Trump Locations: Mike Johnson of Louisiana, Jordan
The Fed is losing control
  + stars: | 2023-10-24 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Financial markets currently see a nearly 99% chance the Fed will continue to pause rate increases in November, according to the CME FedWatch Tool. That means the Fed may not need to continue aggressively raising rates to bring spending — and inflation — down. A spokesperson from the United Food and Commercial Workers International Union told CNN that they support the organizers planning a walkout and protests. In a statement to CNN, Walgreens said about 20 stores out of about 9,000 had “disruptions over three days,” Oct. 9-11. Walgreens walkout organizers told CNN that their tally is much higher, with about 600 employees participating.
Persons: New York CNN —, Jerome Powell, Joe Brusuelas, That’s, Powell, , ” Johns, Laurence Ball, Shane Jerominski, Tim Wentworth, ” Kim Kardashian, Skims, Kim Kardashian, undershirts Organizations: CNN Business, Bell, New York CNN, Federal, Fed, Economic, of New, RSM, Financial, Treasury, Reserve, ” Johns Hopkins, , Walgreens, Workers, CNN, United Food, Commercial Workers International Union, SEIU, United Healthcare Workers West, Organizers Locations: New York, of New York, Friday’s
The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times. China claims Taiwan as its own territory and Beijing detests Lai, whom it believes is a separatist. Speaking at a news conference in Taipei and asked about Beijing's probe into Foxconn, Lai said China should "cherish and treasure" Taiwanese companies given their help in that country's economic development. Taiwanese companies will lose their confidence in China and if they feel scared will shift production elsewhere, which will be a big loss to China, Lai added.
Persons: Ann Wang, Lai Ching, Terry Gou, Lai, Beijing detests Lai, Foxconn, Gou, Ben Blanchard, Jeanny Kao, Jacqueline Wong, Jamie Freed Organizations: REUTERS, Rights, Taiwan, Apple, Foxconn, Global Times, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Beijing, China's, India, Taiwan Strait
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