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Australian jobs surge as productivity debate heats up
  + stars: | 2023-09-14 | by ( Stella Qiu | ) www.reuters.com   time to read: +4 min
"Headline indicators report a very strong employment report, but the bias towards predominantly part-time employment should temper exuberance," said Dwyfor Evans, head of APAC macro strategy at State Street Global Markets. Markets maintained bets that the Reserve Bank of Australia (RBA) would keep rates steady next month, with an about 40% chance of one final hike early next year. WAGES, PRODUCTIVITYThe strong figures showed Australia's jobs market is still extremely tight more than and a year-and-a-half after the economy shook off its COVID-era border restrictions. loadingTreasurer Jim Chalmers on Thursday welcomed the strong jobs report, but warned that the labour market could slow from here, a consensus view among economists. Adam Boyton, head of Australian research at ANZ, is already seeing signs of slackening in the labour market, with underemployment rate creeping up and hours worked falling.
Persons: Barista Claudio Chimisso, Loren Elliott, Dwyfor Evans, Tim Gurner, Alexandria Ocasio, Cortez, Jim Chalmers, Chalmers, Adam Boyton, Boyton, Stella Qiu, Kim Coghill, Sam Holmes Organizations: REUTERS, Rights, Australian Bureau, Statistics, Street Global, Reserve Bank, Australian, Reserve Bank of Australia, ANZ, Thomson Locations: Sydney, Australia, China
A millionaire real estate CEO is being dragged online for saying he wants unemployment to increase. "We need to remind people that they work for the employer, not the other way around," Tim Gurner said. In 2017, Gurner infamously said buying avocado toast was preventing people from becoming homeowners. We need to remind people that they work for the employer, not the other way around." In 2017, he suggested buying avocado toast was the impediment to millennials becoming homeowners, seemingly ignoring problems like massive student debt burdens or stagnant wages.
Persons: Tim Gurner, Gurner, There's, We've, Alexandria Ocasio, Cortez Organizations: Service, Gurner, Australian, AFL, CIO, Forbes, Australian Financial Locations: Wall, Silicon, COVID, Forbes Australia
WASHINGTON (AP) — Rep. Steve Scalise, the No. 2 House Republican, returned to the U.S. Capitol on Thursday for the first time since being diagnosed with a blood cancer known as multiple myeloma and told reporters his chemotherapy treatment is underway. Scalise's cancer diagnosis comes at a fraught moment for House Republicans, who are trying to avert a government shutdown while also launching an impeachment inquiry into President Joe Biden. He said the diagnosis was made quickly and his wife and he decided they wanted to be “very aggressive” in treating the multiple myeloma. Scalise was among those wounded in 2017 when a gunman attacked lawmakers at a baseball practice in Alexandria, Virginia.
Persons: Steve Scalise, , Scalise, Joe Biden Organizations: WASHINGTON, , Republican, U.S, Capitol, House Republicans Locations: Louisiana, Washington, Alexandria , Virginia
Conservative lawmakers are threatening a government shutdown over a range of demands. Rep. Ocasio-Cortez called out the lawmakers for risking Americans' paychecks with their conditions. Congress has until September 30 to reach an agreement on government funding before a shutdown. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. However, some Senate Republicans think opening this inquiry might just be what it takes to keep the government funding conversation moving.
Persons: Cortez, Alexandria Ocasio, Cortez isn't, Joe Biden's, holdouts, Biden, Kevin McCarthy, Matt Gaetz, McCarthy, paychecks, Don Bacon, GOP Sen, Mike Braun, Ralph Norman Organizations: Service, Lawmakers, Social Security, SNAP, Democratic, Republicans, GOP, Politico, Caucus Locations: Wall, Silicon, Alexandria
Sen. John Fetterman has a message for progressives: support Joe Biden. The Pennsylvania Democrat says that supporting anyone besides Biden is the same as supporting Trump. "Get behind Joe Biden's policies, or you're gonna get behind Trump's policies," said the Pennsylvania Democrat. "Now we know how Trump is like, now you're just gonna be like 'nah, I don't like [him],'" Fetterman continued. AdvertisementAdvertisementLast week, during a similar briefing with reporters, Fetterman referred to the potential impeachment of President Biden as a "big circlejerk on the fringe right."
Persons: Sen, John Fetterman, Joe Biden, Biden, Clinton, Sanders, Joe Biden's, Fetterman, Hillary Clinton's, Bernie Sanders, Trump, Alexandria Ocasio, Cortez, Donald Trump, Ruben Gallego's, Independent Sen, Kyrsten, Gallego, I'm Organizations: Pennsylvania Democrat, Trump, Service, Democratic Party, Democratic Rep, Democratic, Senate, Independent Locations: Pennsylvania, Wall, Silicon, Braddock, Alexandria, Cortez of New York, Arizona
The post from the parody account shared on Sept. 3, 2023, states, “After my 3rd bottle of wine last night, I’ve made my decision. Because of Elon Musk allowing hate speech on this platform, I’ll be leaving X today at noon ET,” (here), archived (here). The handle @AOCPressTwo is a parody account on X with the username “Alexandria Ocasio-Cortez Press Release (parody)” (twitter.com/AOCpressTwo). Her official X handle is @AOC and uses the username “Alexandria Ocasio-Cortez.” It has been verified since October 2017 (twitter.com/AOC). X post on Alexandria Ocasio-Cortez leaving the platform stems from a parody account.
Persons: Representative Alexandria Ocasio, Cortez, I’ve, Ocasio, Musk, Alexandria Ocasio, Read Organizations: Representative, Elon, Cortez, Reuters, The New York Times Locations: Cortez, Alexandria
A former US Securities and Exchange Commission operations center is now a wellness center and spa. The spa's owner, Stephanie Chon, told Insider the renovation was challenging and expensive but fun. One of those is a former US Securities and Exchange Commission operations center in Alexandria, Virginia. The corporate brick building has been transformed into a 100,000-square-foot luxury "immersive wellness retreat" called Balian Springs, which opened last year. Stephanie Chon, who owns Balian Springs, told Insider it was a challenge to transform a "sterile type of building" into "a space where our guests are transported outside of Virginia."
Persons: Stephanie Chon Organizations: US Securities and Exchange Commission, Service Locations: Northern Virginia, Wall, Silicon, America, Alexandria , Virginia, Virginia
Explaining Bidenomics
  + stars: | 2023-09-06 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +2 min
They want the government to spend more money on highways, technological development and other policies that could create good-paying jobs. The experts, in short, believe that they had been too accepting of the more laissez-faire economic agenda often known as neoliberalism. This turnabout is the central explanation for President Biden’s economic agenda, which White House aides call Bidenomics and will be core to his re-election campaign. Foer tells the story partly through Jake Sullivan, who helped design Biden’s domestic agenda during the campaign and then became national security adviser. That’s why several Warren protégés, like Bharat Ramamurti, work in senior White House roles today.
Persons: Bidenomics, , Biden’s, Franklin Foer, Foer, Jake Sullivan, Sullivan, Hillary Clinton, Biden, Donald Trump’s, Democratic wonks, ” Foer, Bernie Sanders, Elizabeth Warren, Alexandria Ocasio, Cortez, Warren protégés, Bharat Ramamurti Organizations: Democratic, Rhodes, Yale, White Locations: Alexandria
She praised Biden for his outreach to liberals, but told The Guardian he needed to continue his efforts in 2024. The New York lawmaker told the outlet that Biden's previous outreach "is not one and done." "But that being said, I know that this is why, to me, support of President Biden has been very important, because this question is larger than any policy differences. "In 2020 the Biden campaign, after the nomination, did work very hard to unite the party," she told The Guardian. "We're very early still in the 2024 election cycle, but I do believe that it will be very important for President Biden's team to once again engage in that coalition-building because it is not one and done."
Persons: Alexandria Ocasio, Cortez, Biden, Independent Sen, Bernie Sanders, Sanders, Joe Biden, didn't, Don't, Donald Trump, Biden's Organizations: Capitol, Guardian, The New, Service, Independent, Democratic, Office, New, New York Democrat, GOP Locations: Alexandria, Wall, Silicon, Cortez, New York, United States
In Washington, people often move between jobs as Capitol Hill staffers and as lobbyists. Per a new analysis, Republicans have hired way more former lobbyists than Democrats in the last year. But it's an issue for both parties — roughly even numbers of Democrats and Republicans became lobbyists. Congressional staff often develop expertise and connections from their time serving on Capitol Hill — assets that make them attractive hires for lobbying firms hoping to influence public policy. Additionally, the employment of ex-lobbyists as staffers raises the prospect that those staffers may be biased towards their former employers when formulating policy and drafting legislation.
Persons: Legistorm —, , Legistorm, Alexandria Ocasio, Cortez, Republican Sen, Ted Cruz of Organizations: Capitol Hill, Republicans, Service, Capitol, , Congressional, Democratic Rep, Republican, Twitter Locations: Washington, Wall, Silicon, Alexandria, Cortez of New York, Ted Cruz of Texas
Nithya Raman turned into a political celebrity almost overnight when she emerged as the face of a rising progressive vanguard to campaign for the Los Angeles City Council in 2020. With a master’s degree in urban planning from the Massachusetts Institute of Technology and experience working with slum dwellers in India, Ms. Raman zeroed in on the city’s soaring housing prices and promised to give renters and homeless people a seat at the political table — her seat. Ms. Raman, 42, wound up receiving more votes than any council member in the city’s history and began to draw comparisons to the progressive New York congresswoman, Alexandria Ocasio-Cortez — “LAOC,” one local critic derisively called her. Barely a year later, though, Ms. Raman ran into an adversary her grass-roots army was powerless to confront: the bruising power politics involved in running a city of 3.8 million people. The City Council had embarked on its once-a-decade redistricting process, and Ms. Raman, who had few allies among the city’s old-guard politicians, was threatened at one point with losing virtually all of the constituents who had elected her.
Persons: Nithya Raman, Raman, Alexandria Ocasio, Cortez Organizations: Los Angeles City Council, Massachusetts Institute of Technology, New York, The City Council Locations: India, Alexandria
Rep. Ocasio-Cortez said the US has to reckon with its history of interventions in Latin America. "I believe that we owe Chile, and not just Chile but many aspects of that region, an apology," Ocasio-Cortez told the publication. "I don't think that apology indicates weakness; I think it indicates a desire to meet our hemispheric partners with respect." "It's very hard for us to move forward when there is this huge elephant in the room and a lack of trust due to that elephant in the room," she continued. "Latin America, I believe, due to its proximity, was absolutely unique in US interventionism during the cold war, and that was under [secretary of state] Henry Kissinger and President Nixon," the congresswoman said.
Persons: Cortez, Alexandria Ocasio, New York Democrat —, Salvador Allende, , Jacobo Árbenz, João Goulart, Fidel Castro, Castro, Henry Kissinger, Nixon, Augusto Pinochet, We're Organizations: Guardian, Service, New York Democrat, US, Operation Condor Locations: Latin America, Wall, Silicon, Alexandria, Chile, Cuban, Cuba, America, United States, Brazil, Colombia
A post by a parody account impersonating U.S. Representative Alexandria Ocasio-Cortez, saying that hurricanes did not exist until cars were invented, is being taken seriously by users online. It was posted on social media platform X, formerly known as Twitter, and reads: “Fact: There were no hurricanes before the invention of the automobile” (here). The authentic X account for Ocasio-Cortez is @AOC (www.twitter.com/AOC). Wow!”Reuters previously addressed posts by this parody account (here), (here), (here). The post was shared by an Alexandria Ocasio-Cortez parody Twitter account.
Persons: Representative Alexandria Ocasio, Cortez, bro, , Read Organizations: Representative, Twitter, Cortez, Reuters Locations: Cortez, Galveston , Texas, Alexandria
Born in the Egyptian city of Alexandria, al-Fayed began his career selling fizzy drinks and then worked as a sewing-machine salesman. Al-Fayed died on Wednesday, his family said, a day before the 26th anniversary of Dodi and Diana's death. After a quarter of century of ownership, al-Fayed sold Harrods to Qatar's sovereign wealth fund in 2010. DIANA AND DODIThat summer, al-Fayed's son Dodi began a relationship with Princess Diana, who had divorced Prince Charles, the heir to the British throne. Dodi and Diana were pictured by British tabloids on holiday on a yacht in the south of France.
Persons: Diana's, Mohamed al, Fayed, Princess Diana, , Diana, Dodi, Prince Philip, Mohamed Al Fayed, Mohamed, sequined, Michael Jackson, Eye, Roland, Tiny, Rowland, al, sleaze, Tony Blair, DIANA, Prince Charles, Mercedes, Blair, Sarah, I'm, Andrew MacAskill, Nilutpal, Giles Elgood, Rosalba O'Brien, Andrew Heavens Organizations: Fulham FC, Ritz, Harrods, Fulham, HARRODS, Department of Trade, Conservatives, Labour, Paris, Thomson Locations: Paris LONDON, Harrods, Egyptian, Alexandria, al, Europe, Fulham, Paris, Britain, France, British, Egypt, Al, Pont, London, Bengaluru
Mohamed Al-Fayed dead at 94
  + stars: | 2023-09-01 | by ( Rob Picheta | ) edition.cnn.com   time to read: +5 min
Al-Fayed for decades insisted the pair were murdered, despite inquiries finding otherwise, and was scornful towards the British royal family in his later life. After 1997, when a car crash claimed the lives of his son and Diana, Al-Fayed would frequently sling insults at the British royal family and became persona non grata among parts of the country’s elite. Al-Fayed was questioned by police in 2008 in relation to a sex assault allegation that he denied, a Harrods spokesperson said at the time. He eventually sold the store to the Qatari royal family in 2010, for a reported $2.25 billion. Al-Fayed had six children, including Dodi and the environmentalist entrepreneur Omar Fayed.
Persons: Mohamed Al, Fayed, Diana , Princess of Wales, , Mohamed Al Fayed, Mohamed, Diana, Dodi Fayed, Samira, Adnan Khashoggi, Forbes, Kurt Geiger, Fayed’s, Fraser, Roland “ Tiny ” Rowland, Rowland, Al, , Michael Jackson, Omar Fayed Organizations: CNN, Fulham Football Club, Fulham FC, Ritz Hotel, Punch, Hyde, Harrods, Fulham, Premier League Locations: London, Harrods, Paris, Al, Alexandria, Egypt, Saudi, Manhattan, Mayfair
Jonathan Ernst | ReutersWith record-high home prices and soaring mortgage interest rates, homeownership has become increasingly unaffordable — and hidden costs can surprise first-time buyers, experts say. Here are three of the most common surprise homeownership expenses and how to prepare for each one, according to experts. Property taxesAs a first-time homebuyer, it's easy to overlook property taxes since you've never paid those levies directly. Home maintenanceThe cost of home repairs and maintenance can also be a hidden expense for first-time homebuyers. As a first-time homebuyer, you need to make sure you have a sufficient cushion for surprises — I'd argue 5% of the home's purchase price at least.
Persons: Jonathan Ernst, homeownership, Vince Darling, you've, Richard Auxier, Kevin Brady, — I'd, Nicole Sullivan Organizations: Reuters, Stonebridge, Urban, Brookings Tax, Wealthspire Advisors, Prism Planning Locations: Alexandria , Virginia, Zillow, Forest Lake , Minnesota, New York
Mohamed Al Fayed during Dodi Al Fayed and Diana Memorial Unveiled at Harrods at Harrods in London, Great Britain. (Photo by David Lodge/FilmMagic)Mohamed Al Fayed, former owner of the famed Harrods department store in London whose son was killed in a car crash with Princess Diana, has died, his family said Friday. Al Fayed, a self-made Egyptian businessman who also once owned the Fulham Football Club, was devastated by the death of son Dodi Fayed in the car crash in Paris with Princess Diana 26 years ago. Al Fayed was also a key player in the "cash for questions" scandal that roiled British politics in the 1990s. Al Fayed applied for British citizenship, but his application was rejected in both 1995 and 1998.
Persons: Mohamed Al Fayed, Dodi Al Fayed, Diana Memorial, David Lodge, Princess Diana, Al Fayed, Dodi Fayed, Mohamed, , ″ Al Fayed, Dodi, Diana, Prince Philip, Queen Elizabeth II, Philip, Prince Charles, Tony Blair, Diana's, Sarah McCorquodale, Tiny, Rowland, Fraser, Neil Hamilton, Hamilton, Desmond Browne, Fayed, Al Fayed's, Sunday Times Rich Organizations: Harrods, Fulham Football Club, Fulham, London, CIA, Department of Trade, Industry, Ritz, Sunday Times Locations: Harrods, London , Great Britain, London, Paris, British, Alexandria, Egypt, Britain, Al
Audiophiles,This week, we asked Representative Alexandria Ocasio-Cortez some searching questions; explored the symbolic significance of Donald Trump’s mug shot; offered a beginner’s guide to heavy metal; and remembered Bob Barker of “The Price is Right.”Here’s your weekly guide to the best listens.
Persons: Alexandria Ocasio, Cortez, Donald Trump’s, Bob Barker,
Trump gave long-winded answers while being deposed in NY AG Letitia James' financial-fraud lawsuit. "We're going to be here until midnight," one of the AG's lawyers worried out loud. "Chris," Wallace responded, "we're going to be here until midnight if your client answers every question with an eight-minute speech." Trump told the lawyer he paid off all the loans that he took out from banks to pay for his properties. When I get sued by you — fortunately, I don't need banks," Trump continued.
Persons: Trump, NY AG Letitia James, Donald Trump, Letitia James – who's, fraudster, couldn't, James, Cortez, Michael Cohen's, Chris Kise, Kevin Wallace, Chris, Wallace, winder, Kise, Organizations: NY AG, Service, New York, Trump Organization, Trump, Trump National Doral Golf Locations: Wall, Silicon, Alexandria, United States, New York, Miami
CNN —Google went on the offensive Thursday in a closely watched antitrust case dealing with the tech giant’s digital advertising dominance, questioning the motives of the Justice Department’s top antitrust official. Google’s filing targets Jonathan Kanter, the US assistant attorney general for antitrust, and his widely reported past legal representation of Google-parent Alphabet’s corporate rivals, such as Microsoft, Yelp and News Corp, among others. Google’s attorneys argue that Kanter’s past clients create an ethical conflict and should raise doubts about the US government’s overall lawsuit. They also cited evidence in the case that, prior to joining DOJ, Kanter lobbied in a personal capacity for the agency to pursue an antitrust case against Google. The Biden administration has sought to limit the scope of discovery to prevent Google from gathering evidence about Kanter’s advocacy, according to Thursday’s filing.
Persons: Jonathan Kanter, Kanter, AAG Kanter, Susan Athey, Athey, Biden, Trump, Leonie Brinkema, Judge Brinkema Organizations: CNN, Google, Microsoft, News Corp, DOJ, Justice, Stanford, Court, Eastern, of, US Locations: Alexandria , Virginia, United States, of Virginia, Manhattan, Virginia
In a NYT interview, AOC pushed back against DeSantis over his idea to send US forces into Mexico. DeSantis said last week that he'd send US special forces into Mexico to go after drug traffickers. Ron DeSantis over his support for sending United States special forces into Mexico to combat drug cartels, calling the idea "reckless." During a conversation with The New York Times, the third-term New York Democrat argued that DeSantis' remarks illustrated the inattention that many American leaders give to other countries in the Western Hemisphere. "Such a suggestion is so reckless that it's difficult to even capture," she told the newspaper.
Persons: DeSantis, Alexandria Ocasio, Ron DeSantis, Vanda Felbab, Brown, Cortez, Biden Organizations: GOP, Service, Florida Gov, United, New York Times, New, New York Democrat, Brookings Institution's Initiative, CNN, The Times Locations: Mexico, Wall, Silicon, Alexandria, Cortez, United States, New York, Latin America, Mexican
AOC says the left was "bewildered" by power for so long because they hadn't experienced having it. She told The Times that power was generally seen as something held by a "consummate insider." "And those were the people that we were used to seeing in power. "I often say to my grass-roots companions that the left, for a very long time, was not used to having power in the United States," she continued. AdvertisementAdvertisementWhen asked if liberals were "suspicious" of power, Ocasio-Cortez said that many people often feel as though "there's no way in this country you can accrue any kind of power without there being some Faustian compromise."
Persons: Cortez, Alexandria Ocasio, haven't, there's, Independent Sen, Bernie Sanders of, Joe Biden's, Matt Gaetz, Brian Fitzpatrick Organizations: Times, Democratic Party, Service, New York Times, New, New York Democrat, Bronx and, Capitol, Independent, Republican Locations: Wall, Silicon, Alexandria, Cortez, United States, New York, Ocasio, Bronx, Bronx and Queens, Bernie Sanders of Vermont, Florida, Pennsylvania
La evolución de Alexandria Ocasio-Cortez
  + stars: | 2023-08-30 | by ( Lulu Garcia-Navarro | ) www.nytimes.com   time to read: +2 min
Algo en lo que me he centrado mucho más es en crear audiencias en lugares alternativos. Pero, incluso ahora, cuando se producen acontecimientos extraordinarios, como las catástrofes naturales en el estado de Nueva York, creo que es importante poder acceder a una plataforma de mensajería en la que la gente pueda confiar. Y habló de lo importante que es tener en el Congreso un número creciente de latinos interesados en la región. Pero dijo algo que me llamó la atención, y que hizo que me preguntara sobre este momento de su carrera. ¿Mover sus ideas a escala internacional, aunque puedan entrar en conflicto con la política exterior del líder de su propio partido?
Donald Trump's campaign has raked in $9.4 million since his historic mugshot was released. The former president's campaign has sold over $1 million in t-shirts emblazoned with the mugshot. Of that special merchandise, they sold 36,000 T-shirts for more than $1.7 million. The campaign also sold 8,600 mugshot posters for another $352,000. Trump's 2020 campaign even made just shy of $500,000 by trolling liberals who wanted to ban plastic straws.
Persons: Donald Trump's, Trump, Obama, Hope, Shepard, Cortez, Michael Cohen's, Ron DeSantis, Vivek Ramaswamy Organizations: Service, Sheriff's, Trump, Fox News, Florida Gov, GOP Locations: Wall, Silicon, Fulton County, Fulton, Alexandria
Sisters Shelia Miller, Debbie Taylor and Daphne Taylor of the Washington, D.C., area care for their mother, Ernestine Taylor. Managing health-related and long-term care expenses is also a challenge. Still experts say taking these five steps can help prevent burnout and financial stress for many family caregivers. You may also qualify for a dependent care tax credit for a percentage of up to $3,000 in qualified care expenses for one person or $6,000 for two people. Find support from a group or care specialistEmotional stress and burnout can add to the financial strain of caregiving.
Persons: Daphne Taylor, Debbie Taylor, Shelia Miller, Miller, Daphne, Ernestine Taylor, Debbie, There's, Barry Glassman, Glassman, there's, , Anne Sansevero, they've, Sansevero Organizations: AARP, D.C, Finance, CNBC FA, Wealth, Medicaid, American Council, U.S . Department of Veteran Affairs, Resource Center, Caregiving, Life Care, Istock, Getty Locations: Alexandria , Virginia, Washington ,, Washington, Vienna , Virginia, North Bethesda , Maryland, U.S, medicaidplanningassistance.org
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