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☆ Could a Trump-Vance win reshape America’s relationship with China – and Taiwan?
▼ + stars: | 2024-07-18 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Vance was swift to name China the “biggest threat to our country,” in an interview with Fox News Monday as the RNC got underway. He’s made countering what Washington says is a security threat from China a cornerstone of his foreign policy, even as he’s worked to stabilize communications with Beijing. And Beijing – which is grappling with its own economic woes – may be preparing for more friction if Trump takes office. The substance of Biden’s China policy – in terms of sanctions, tariffs and competition – has not been that different from Trump’s, she noted, and Biden has been keener on strengthening alliances and coalitions to counter China together. “But the style of Biden’s China policy is more predictable and stabilizing.

Persons: Donald Trump, JD Vance, Vance, Joe Biden, “, ”, ” Vance, Trump, China –, That’s, ’ Vance, Sergey Lavrov, Vance doesn’t, Marco Rubio, Xi Jinping, He’s, he’s, ” Brian Wong, Qilai Shen, Biden, They’ve, Cho Jung, ” Cho, Yun Sun, –, keener Organizations: Hong Kong CNN, Republican, Republican National Convention, Chinese Communist Party, Foreign, Trump, NATO, Ukraine, Fox News, RNC, University of Hong Kong’s, Contemporary, of, People, Bloomberg, Getty, Communist Party, Bloomberg Businessweek, US, China’s Foreign Ministry, Stimson Center, World Trade Locations: Hong Kong, Ohio, Washington, China, Asia, Beijing, Europe, Ukraine, Russia, Russian, America, Florida, Contemporary China, Taiwan, Taipei, Taiwan Strait, Japan, South Korea, US

☆ JD Vance blames U.S. wage losses on China's efforts to build its middle class
▼ + stars: | 2024-07-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — U.S. presidential hopeful Donald Trump's new running mate JD Vance stuck to a hard line on China in his first speech since being selected earlier in the week. "Together we will protect the wages of American workers and stop the Chinese Communist Party from building their middle class on the backs of American citizens," Vance said on the third night of the Republican National Convention. He also called for more factories in the U.S. and restrictions on foreign workers, but did not name specific actions. As the current Ohio Senator, Vance proposed in September a legislation for promoting gas and hybrid-powered cars made in the U.S. and canceling electric car subsidies. The ruling Communist Party of China has been increasingly focused on developing advanced manufacturing and said one of its goals for the year 2035 is to "substantially grow the middle-income group as a share of the total population."

Persons: Donald Trump's, JD Vance, Vance, Trump, — Organizations: Chinese Communist Party, Republican National Convention, Communist Party of Locations: Washington, Beijing, Taiwan, South China, BEIJING —, China, U.S, Ohio, Communist Party of China

☆ Live Election Updates: Trump to Close G.O.P. Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

For the last eight years, President Trump has given everything he has to fight for the people of our country. And then President Trump flew to Milwaukee and got back to work. A leader who rejects Joe Biden and Kamala Harris’s Green New Scam and fights to bring back our great American factories. President Trump represents America’s last best hope to restore what — if lost — may never be found again. And every single day for the next four years, when I walk into that White House to help President Trump, I will be doing it for you.

Persons: Vance, Trump, Donald Trump, Corey Comperatore, Don, Eric squirmed, I’ve, Joe Biden, Joe, ”, Donald J, Biden, Mamaw, “, We’ve, who’s, Kamala Harris’s, —, I’m, Usha, Ewan who’s, Vivek who’s, America’s, It’ll, Trump’s, Mamaw couldn’t, That’s, Kamala Harris, he’s, Joe Biden’s, ” We’re, “ Honey, it’s, that’s Organizations: Michigan, America, United States Senate, Republican Party of, NAFTA, China, United States Marines, Fi, The Ohio State University, I’m, Ohio State, Yale Law School, Trump, Mirabel, Social Security, Iraq, Washington, Workers, Chinese Communist Party, ISIS, United, Republican Party Locations: Milwaukee, Ohio, America, Pennsylvania, United States of America, Middletown , Ohio, Washington, Mexico, Iraq, Michigan, New York City, American, Afghanistan, Wisconsin, China, U.S.A, Eastern Kentucky, Appalachia, Ohio , Pennsylvania, that’s Kentucky, United States, Kentucky, Michigan , Wisconsin , Pennsylvania

☆ Live Election Updates: Trump to Close Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

☆ A global tax war is looming. It could hit Big Tech hard
▼ + stars: | 2024-07-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations that would hit tech behemoths like Google, Apple, Meta and Amazon particularly hard. Canada recently implemented a local tax on the world’s largest tech companies, something the OECD treaty had sought to avoid. New Zealand has also said it will implement its own digital services tax on large multinational companies beginning in 2025. The FTC also said that documents showed that competing mattress suppliers would lose access to its most important retail channel.

Persons: Donald Trump, he’s, Manal Corwin, ”, Megan Funkhouser, won’t, Alicia Wallace, Economists, Ramishah Maruf, Tempur Sealy, —, Foster Organizations: CNN Business, Bell, New York CNN, Apple, Meta, Economic Co, Development, OECD, Biden, Republicans, Finance, OECD’s, Tax, Administration, Information Technology Industry Council, CNN, Bureau of Labor Statistics ’, Labor, Labor Statistics, Federal Trade Commission, United, FTC, Pedic, Sealy Locations: New York, Washington, United States, Canada, Zealand, New Zealand, Stearns

☆ Gen Zers and millennials are 'quiet vacationing' during 4th of July week instead of taking PTO
▼ + stars: | 2024-07-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

More than half of Gen Z workers and millennials have "quiet vacationed" — taken time off without formally requesting PTO — during the July Fourth holiday week, with a similar trend expected to continue this year, according to a new Harris Poll of 1,274 American workers. Gen Zers and millennials might also be quiet vacationing to cope with constraints on PTO and increased feelings of burnout. More than half (53%) of Gen Zers and millennials from the Harris Poll survey say they "barely get any work done" around the Fourth of July. In a separate Harris Poll survey, half of employees said they get nervous requesting PTO (This increases to 58% for Gen Z and 61% for millennials). Many Americans from the Harris Poll survey said they wished their employer placed more emphasis on the value of taking time off.

Persons: —, Tim Osiecki, Gen Zers, shirk, They're, Z, Osiecki, Gen Organizations: AAA, Harris, Workers

☆ FTC unanimously moves to block $4 billion merger of mattress giants
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. Mattress Firm was already dealing with its own financial issues, including a 2018 bankruptcy. In a statement, Tempur Sealy said the bedding industry is “highly competitive” and only a small fraction of brick-and-mortar storefronts are Mattress Firms. “Tempur Sealy has been working constructively with the FTC to secure regulatory approval for this transaction and is disappointed that the FTC has initiated litigation. Correction: A previous story misstated the Tempur Sealy portfolio.

Persons: Tempur Sealy, –, ”, Henry Liu, Foster, Casper, Serta Simmons, “ Tempur Sealy, “, CNN’s Jordan Valinsky, Sealy Organizations: New, New York CNN, Federal Trade, United, FTC, Competition, Pedic, Sealy, Amazon, Innovation, Inc Locations: New York, United States, FTC’s, Stearns

☆ Meet the boomers cashing in on the golden age of retirement
▼ + stars: | 2024-06-29 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

AdvertisementAs the way we save for retirement has evolved, some people are now cashing in on the golden age for retirement savings — when benefits were more generous and investments in real estate and stocks boomed. While it's still possible to achieve, a fat retirement account has become rarer. AdvertisementBack in 2007, per GAO's calculations of the Survey of Consumer Finances, around 21% of low-income households had a retirement account balance. While losses weren't as profound for those in the middle-income quintile, their retirement account balances did fall slightly from 2007 to 2019. All of that comes as retirement savings become more of an individual onus.

Persons: —, Michael, Connie, didn't, frugality, it's, would've, David John, that's, John, Valerie, who's, Valerie —, hinging, she's Organizations: Service, Navy, Business, Social Security, Survey, Consumer Finances, GAO, AARP, Security, BI Locations: Florida, Denver, Oregon, Seattle

☆ American workers, and bosses, are struggling to find the turn off switch
▼ + stars: | 2024-06-27 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +5 min

"Work has changed drastically compared to what it was just 10 years ago," Haney said when he introduced the bill. Workers shouldn't be punished for not being available 24/7 if they're not being paid for 24 hours of work." U.S. business oppositionSome U.S. business interests have argued it's up to workers to set their own work-life balance. Many critics of the bill point to the complexity of establishing non-working hours for salaried employees —the California bill proposes to protect both hourly and salaried workers. Work was life, and life was something that happened on the way to and from work.

Persons: —, Matt Haney, Haney, Workers shouldn't, they're, it's, Jason Calacanis, SHRM, Alan Guarino, Korn Ferry Organizations: Assembly, Workers, Washington State, U.S, CNBC Locations: West Coast, California's, Francisco, France, . New York City, Europe, U.S, China, California

☆ Why Americans Hate Their Jobs; Fake Email Jobs, Meaningless Work
▼ + stars: | 2024-06-26 | by ( Molly Lipson | ) www.businessinsider.com time to read: +11 min

The American Psychological Association highlights findings that people who find their jobs meaningful are more engaged, show up to work more, and are healthier. Many in those industries have begun to refer to their work as "fake email jobs" — office jobs that largely involve sending emails without producing anything. Other people have managed to juggle multiple full-time remote jobs thanks to the limited amount of work each job actually required. Working a useless job is a "profound psychological violence," Graeber wrote, one that removes any sense of dignity and fosters "deep rage and resentment." Short of everyone quitting to become their own CEO, employers will need to figure out how to make work feel meaningful for their staff.

Persons: it's, Zers, Pew, Gen Zers, I've, Graeber, David Graeber, Simon Walo, —, Walo, Brendan Burchell, Burchell, Clay Routledge, Routledge Organizations: Pew Research, American Psychological Association, University of Zurich, University of Cambridge Locations: Italy, Spain, Sweden

☆ There's a huge pay raise on the way for clean energy workers
▼ + stars: | 2024-06-18 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Read previewThe Biden administration wants to ensure businesses are paying their clean energy workers well — and it's using a new tax break to push for it. Advertisement"This is a major step to put American workers at the center of the clean energy economy. The rule gets at one of the big issues facing the clean energy economy: It doesn't pay as well as jobs in more carbon-intensive fossil fuel energy. The new rule could open up the type of federal tax support for clean energy that fossil fuel companies have enjoyed for decades. Are you considering going into clean energy for higher pay?

Persons: —, Biden, John Podesta, Janet Yellen, it's, Yellen, Sean McGarvey, McGarvey Organizations: Service, Treasury Department, Internal Revenue Service, Business, International Climate Policy, University of Massachusetts, Economy Research Institute, North Locations: California, North America's

☆ Summer Fridays are on the decline—companies may be replacing them with work-from-home days
▼ + stars: | 2024-06-14 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

The share of workers who say they get Summer Fridays has dropped dramatically in recent years. Just 11% of North American workers say they have access to Summer Fridays, according to a November 2023 survey from Gartner of more than 1,100 people. Some companies have made headlines for scaling back on workplace flexibility that emerged during the pandemic. Duffy says organizations should consider how reducing workplace flexibility will impact their employees before imitating what their competitors are doing. "But we have heard HR leaders still say they're concerned about the impact of return-to-office on their ability to attract and retain talent."

Persons: Caitlin Duffy, Duffy, Goldman Sachs, JP Morgan Chase Organizations: Gartner, CNBC, Boeing, UPS, Fortune

☆ Top 5 regrets people have when they die, says ex-hospice care worker—many don’t realize them ‘until the end’
▼ + stars: | 2024-06-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

"When I was your age, I didn't believe in vacations. I didn't believe in weekends. I didn't believe the people I worked with should either," said Gates, adding that he didn't realize "there's more to life than work" until he became a dad. Choose consciously, choose wisely, choose honestly. Choose happiness."

Persons: they'd, oncologist Siddhartha Mukherjee, Bronnie Ware, Ware, Chris Evans, I'd, hadn't, you've, Bill Gates, it's Organizations: University of Pennsylvania, British, Billionaire Microsoft, Northern Arizona University, CNBC Locations: Ware

☆ The women behind the glitz and glamour of New York’s fabled department stores
▼ + stars: | 2024-06-05 | by ( Cat Woods | ) edition.cnn.com time to read: +9 min

CNN —Before the nationwide influx of suburban malls and the convenience of online shopping, there was a golden age of American department stores. Satow’s evocation of this historic age is timely, with the death knell for many US department stores well and truly ringing in our ears. Sally Moss“When department stores originally opened, (they represented) one of the rare opportunities for women to congregate together in public,” Satow told CNN. Her motivation was to make department stores enticing — and accessible — for women of all means.) Read: “The Dallergut Dream Department Store” (2024)A bestseller in Korea, the debut novel (and first of a two-book series) from author Miye Lee weaves a fantastical narrative around, as its title suggests, a department store selling consumers’ perfect dreams.

Persons: strategized, Hortense Odlum, Bonwit Teller, Dorothy Shaver, Taylor, Geraldine Stutz, Henri Bendel, Julie Satow’s, Odlum, Shaver, Stutz, Sally Moss “, ” Satow, “ Dorothy Shaver, …, ’, ” Doubleday, —, Elizabeth Arden, Helena Rubinstein, “ Hortense Odlum, Jill Krementz “, “, ”, Madeleine St, Goode, Kim Cattrall, Jonathan, Andrew McCarthy, Estelle Getty’s, Claire Timkin, Hollywood Montrose, Miye Lee, Miss Jones ”, John P, Merrick, Charles Coburn, Mary Jones, Jean Arthur, Helena Rubinstein ”, Lindy Woodhead, mindedly Organizations: CNN, puma, Harrods, Rive, TIME, Fashion Group, Fashion, Fashion Industry Hall of Fame, New, & $ Locations: America, Bonwit, Europe, London, Le Bon, Paris, New York, TikTok, Sydney, Australia, Korea

☆ The typical CEO makes nearly 200 times more than their workers
▼ + stars: | 2024-06-05 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Typical compensation packages for chief executives who run companies in the S&P 500 rose nearly 13% last year, the AP reports . Median CEO pay hit $16.3 million in 2023, or nearly 200 times the typical worker's wages for the year, according to data analyzed for The Associated Press by Equilar . In 2022, CEOs made roughly 185 times their typical worker; with the jump in 2023 numbers, CEOs now make roughly 196 times their employees. CEO pay is generally decided on by shareholders, who in the last four years have overwhelmingly voted in support of executive compensation plans, according to Equilar data. CEO pay has increased by 1,209% since 1978, compared with an 15% bump for the typical worker over this time period, according to the left-leaning Economic Policy Institute.

Persons: haven't, Lawrence Mishel, Amit Batish, aren't, Batish, Sarah Anderson, Anderson Organizations: Associated Press, Equilar, Federal Trade Commission, CNBC, Institute for Policy Studies, AP Locations: Equilar

☆ Trump’s Harder Line on Immigration Appears to Resonate, Polls Show
▼ + stars: | 2024-06-03 | by ( Jazmine Ulloa | ) www.nytimes.com time to read: +2 min

In that initiative, federal agents and law enforcement officers used military techniques such as sweeps, raids and surveillance checkpoints — as well as a blunt form of racial profiling — to round up undocumented workers and load them onto buses and boats. As many as 1.3 million people were expelled, mostly Mexican and Mexican American workers, some of whom were U.S. citizens. Critical to the initiative — named Operation Wetback, for the racial slur — was intense anti-immigrant sentiment. Officials at the time used that sentiment to justify family separations and overcrowded and unsanitary detention conditions — practices that the Trump administration would deploy decades later in its own immigration enforcement. But recent polling shows that Mr. Trump’s position on immigration appears to be resonating.

Persons: Donald J, Trump, Dwight D, Eisenhower, —, Biden Organizations: CNN, Authorities

☆ Photos Show Strength of Asian American Activism Throughout US History
▼ + stars: | 2024-05-30 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +12 min

The term "Asian American" was first coined in 1968 amid the rising voices of the Third World Liberation Front student movements in California. With tensions from protests against the Vietnam War and calls for universities to invest in ethnic studies programs, the Asian American identity was born out of advocacy for multiethnic unity among the Asian diaspora. Historical photographs showcase the history of Asian American resistance movements from the 1960s to the 1980s, demonstrating the strength and resilience of the Asian American community among tenants, students, and laborers. For the next five years, Filipino and Mexican American workers continued to strike for economic justice for all farm workers. AdvertisementThe same year, Yuji Ichioka and Emma Gee, both graduate students and key organizers of the Asian American Political Alliance, coined the term "Asian American."

Persons: Delano, Cesar Chevez's Huelga, Julio Hernandez, Larry Itliong, Cesar Chavez, Gerald French, Chavez, Ted Streshinsky, Slava J, Garth Eliassen, Yuji Ichioka, Emma Gee, Dave Randolph, Sheriff Richard Hongisto, Terry Schmitt, Emil de Guzman, May Chen, Walter Leporati, Chol Soo Lee, Yip Yee Tak, Lee, John O'Hara, Chol, Lee's, Jerry Telfer, Vincent Chin, Vincent, Lily Chin, Detroit . Chin, Ronald Ebens, Michael Nitz, Ebens, Helen Zia, Victor Yang, Chin, Chin's Organizations: Liberation, Business, American, Agricultural Labor, Committee, Delano, Getty, Labor, National Farm Workers Association, United Farm Workers, Migratory Labor, National Farm Workers, University of California, University of California Regents, Black Student Union, UC Berkeley, Asian American Political Alliance, San Francisco State University, San Francisco Chronicle, San Francisco, . Police, Chinatown Community Development Center, Manilatown Heritage Foundation, Images Garment Worker, Ladies Garment Workers Union, International Ladies Garment Workers Union, San, Korean American Journalists Association, Asian, Lee Defense, Hall of Justice, The, American Citizens, Justice, Department of Justice, FBI Locations: California, Vietnam, Asia, San Francisco, Mexican, Bakersfield , California, Spanish, Washington, Delano, Sacramento, American, Berkeley, Berkeley , California, Africa, America, San, Los Angeles, Kearny, New York, Chinatown, Columbus, councilmen, San Quentin, Detroit ., Detroit

☆ U.S. workers are less satisfied with nearly every aspect of their jobs than they were a year ago, survey finds
▼ + stars: | 2024-05-29 | by ( Alex Koller | ) www.cnbc.com time to read: +4 min

Overall job satisfaction among U.S. employees increased a modest 0.4 percentage points in 2023 from the year prior, according to the Conference Board's annual Job Satisfaction survey released this month. He cited the group's results a year before, when job satisfaction was up overall and for every subcategory. 2023 marks the 13th consecutive year that U.S. job satisfaction climbed incrementally, according to the Conference Board's reporting. Overall job happiness could be a product of workers getting more raises, experiencing more job stability or receiving more benefits, he says. More than 65% of hybrid workers expressed overall job satisfaction, topping the 64% of fully remote and 60% of fully in-person workers who said the same, per the Conference Board's study.

Persons: Allen Schweyer, Schweyer, Julia Pollak, Pollak, you've, Claudia Goldin's Organizations: Conference, Conference Board

☆ Opinion: Mexico is about to elect its first woman president. The US isn’t heading in that direction anytime soon
▼ + stars: | 2024-05-29 | by ( Opinion Alice Driver | ) edition.cnn.com time to read: +8 min

While he has stated support for Roe v Wade, in 2023, at a fundraiser Biden said, “I’m a practicing Catholic. Feminist activists demonstrate in favor of the decriminalization of abortion on International Safe Abortion Day, in Mexico City, September 2023. Silvana Flores/AFP/Getty ImagesFor decades, abortion was criminalized in Mexico, while in the US the constitutional right was established in the Roe v. Wade decision in 1973. Since the Supreme Court overturned Roe v. Wade, more than 20 US states ban or restrict abortion. I never imagined that.”In the US, I wonder if I will see a woman elected as president in my lifetime.

Persons: Alice Driver, ”, Mexico’s, Alice Driver Luis_Garvan, Claudia Sheinbaum, Xóchitl, “, Donald Trump, Andrés Manuel López Obrador, Sheinbaum, Susan Segal, Trump, Stormy Daniels, Roe, Wade, Biden, “ I’m, I’m, Roe America, Silvana Flores, Verónica Cruz, ” Cruz Organizations: American Worker, Meatpacking Company, New Yorker, The New York, Oxford American, CNN, CNN —, Mexico City, Society, Americas, Roe, Getty, Mexico’s, America –, Trump, Biden, Young Texas Locations: Mexico, New, United States, New York, Roe, Mexico City, AFP, Arkansas, America, America – Mexico, Argentina, Colombia, Mexican

☆ 'Total joke': Josh Hawley's bid to win labor support just backfired
▼ + stars: | 2024-05-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewIn recent years, Sen. Josh Hawley has sought to position himself as populist Republican and a staunch ally of organized labor. This story is available exclusively to Business Insider subscribers. Related stories"I'm honored to have the support of UAW in this race," Kunce said in a statement to Business Insider. AdvertisementThe Teamsters, one of the country's largest labor unions, contributed $5,000 to Hawley's reelection campaign in April. "I'm not a huge fan of the PRO Act," Hawley told Business Insider in September.

Persons: —, Sen, Josh Hawley, That's, Lucas Kunce, Hawley, that's Lucas Kunce, Fred Jamison, I'm, Kunce, we'll, Let's, Donald Trump, they're Organizations: Service, Republican, National Labor Relations Board, Business, United Auto Workers, Missouri Republican, Senate, UAW, Cap Council, Observers, America, PRO, Teamsters, Republican National Committee, Democratic National Committee, Democratic, Kansas City Star Locations: Missouri

☆ 7 remote and hybrid companies that will pay for your vacation—they're all hiring
▼ + stars: | 2024-05-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

A majority, 78%, of U.S. workers say they don't use all of their PTO, according to a new Harris Poll survey of 1,170 American workers. People cited busy schedules, heavy workloads and a persistent "pressure to always be available" as the biggest impediments to taking more time off. Still, paid time off is a sought-after benefit among U.S. workers, with 48% saying they would rather have more PTO than a higher salary, the Harris Poll found. Others are offering to help offset the cost of employees' vacations, either with flight or hotel credits. If you're looking for a flexible job that will allow you to work remotely and help you afford to travel more, these seven companies are hiring for remote and hybrid roles and help pay for employees' vacations, according to FlexJobs:

Organizations: Harris Locations: U.S

☆ How to move your career abroad, says digital nomad who’s been to 13 countries
▼ + stars: | 2024-05-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

They're primarily moving to Portugal, Spain and the U.K., where many expats say they're highly satisfied with their personal, financial, social and work lives abroad. She started working at Deel in 2022 as a digital nomad in Portugal and "living in the clouds traveling the world," she says. Mourao currently has a digital nomad visa in Portugal and continues to travel around the world. For example, while in Portugal, she's in a central time zone that makes it easy to communicate with colleagues in Latin America, Europe, the Middle East, Africa and Asia. Prove why you're suited to work abroad

Persons: Kamylle, Mourao, Masha Sutherlin, Sutherlin, She's, she's, who've, they've Organizations: United Arab Locations: Brazil, Peru, Mexico, Portugal, Spain, Deel, France, Egypt, Singapore, United Arab Emirates, Japan, she's, Latin America, Europe, East, Africa, Asia

☆ Tesla is building a huge battery factory in Shanghai even as US-China trade tensions rise
▼ + stars: | 2024-05-24 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.

Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, “ Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris

☆ Nearly half of Americans say having a college degree is less important now than it was 20 years ago
▼ + stars: | 2024-05-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

In 2011, 86% of college graduates said their degree had been a good investment; in 2013, 70% of U.S. adults said a college education was "very important," according to Pew Research Center and Gallup surveys. Today, 29% of Americans say that college isn't worth the cost — and roughly half (49%) say having a four-year college degree is less important for landing a high-paying job today than it was 20 years ago, according to a new survey from the Pew Research Center. Only 22% of U.S. adults say the cost of getting a four-year degree today is worth it even if someone has to take out loans, Pew found. College graduates on average earn more than those without a four-year degree — but this so-called college wage premium is shrinking. A recent report from the San Francisco Federal Reserve found that the college wage gap peaked in the mid-2010s but declined by four percentage points in 2022.

Persons: Pew, Richard Fry Organizations: Pew Research Center, Gallup, U.S . News, College, San Francisco Federal Reserve, Economic, Institute, Pew, CNBC Locations: U.S

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

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