Sunday, May 28, 2017

Tag: Workers

Can Corporate Raider Wilbur Ross Deliver on Trump’s Blue-Collar Promises?

Trump's pick for commerce secretary has a track record of saving American jobs. Whether he can bring many back to the Rust Belt remains to be seen. A decade ago, cheap Chinese cloth was hammering American textile makers. Companies like Burlington Industries and Cone Mills, two big U.S. makers of...

Apple in line of fire if trade wars start

Trump's decision to scrap Trans-Pacific Partnership is a lost opportunity for tech. There aren’t many politicians in the US right now who are prepared to shed public tears over abandoned trade deals. So when president-elect Donald Trump declared this week that the US, under his administration, would drop its support for...

Trade, Not Immigrants, May Have Been Key Motivator of Donald Trump’s Voters

A deeper look at election results suggests his victory may have come more from his stand against free trade. From the day he rode down an escalator at Trump Tower to launch his campaign, Donald Trump's candidacy was identified most often with one issue: fighting illegal immigration. A deeper look into...
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Meet the Renegades: Michael Hudson

With every major financial recovery since the second World War beginning in a place of greater debt than the one before it, how could we not have foreseen the financial crisis of 2008? In this episode of Meet the Renegades, economics professor and author, Michael Hudson argues we did. How could...

Japanese companies in UK already receiving offers from EU

Haruki Hayashi, president of Japanese chambers of commerce in UK, said firms needed more than ‘general reassurances’. Japanese companies based in Britain have already started to receive offers from other European countries and could postpone investment decisions if Theresa May’s government fails to negotiate a close economic relationship with the...

The decline of the middle class is causing even more economic damage than we...

I have just come across an International Monetary Fund working paper on income polarization in the United States that makes an important contribution to the secular stagnation debate. The authors — Ali Alichi, Kory Kantenga and Juan Solé — use standard econometric techniques to estimate the impact of declines in middle...

The End of the G-20: Has the Group Outlived Its Purpose?

Over Labor Day weekend, the leaders of the G-20 countries gathered in Hangzhou, China, for their annual summit. Their goal this year: save the good name of globalization, which has recently taken a beating. In the wake of Brexit, the U.S. Republican presidential candidacy of Donald Trump, the rise...

Deutsche Bank: The US May Now Be In A Recession

Three months ago, we presented an analysis which showed something disturbing: according to Deutsche, the "current business cycle is already the fourth longest in the post- WWII period, and the corporate debt-to-GDP ratio suggests that imbalances are building", and that worse, as a result of soaring corporate debt and...

Tens of millions of Indian workers strike in fight for higher wages

State banks and power stations shut and public transport halted in some states as public sector workers take industrial action. A nationwide strike by tens of millions of Indian public sector workers has been hailed by union officials as “the world’s largest ever” industrial action, and cost the economy up...

Inside the Corporate Utopias Where Capitalism Rules and Labor Laws Don’t Apply

Under Cambodian law, the right to organize is supposed to be ironclad. No employer, government agent or citizen may impede union activity. Inside the walls of Cambodia's largest special economic zones (SEZs), however, In These Times’ reporters saw a system designed to tightly control the workforce by keeping workers...

Brexit: EU considers migration emergency brake for UK for up to seven years

Diplomats working on deal to give Theresa May greater concessions than those won by David Cameron, despite French doubts. Plans to allow the United Kingdom an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in...

France’s Perpetual State of Emergency

The country's extraordinary anti-terrorism measures are on the way to becoming entirely ordinary. On Thursday night, France had seemed to dodge the bullet everyone feared. The Euro 2016 soccer tournament had come to a peaceful, though disappointing end, while the festivities for Bastille Day were well underway. But everything changed...

Spain Runs Out of Workers With Almost 5 Million Unemployed

Spanish headhunter Samuel Pimentel just can’t find the candidates. After a frustrating search for specialist consultants for a client, he’s given up and is casting his net elsewhere. “We were looking for people for two months,” Pimentel, a partner at Ackermann Beaumont Group for Spain and Latin America, said in a...

European Union’s Imperial Overreach

While few analysts are putting it this way, the European Union suffers from a self-inflicted crisis of overexpansion — a form of “imperial overstretch,” if you will. The Brexit vote was just the latest symptom of this policy disaster, which also includes escalating confrontations with Russia and the ongoing...

Brexit is a fake revolt – working-class culture is being hijacked to help the...

Leaving the EU won’t guarantee a rise in wages, a cap on rents, or a fall in NHS waiting times and class sizes. The only thing it guarantees is more right-wing Tory control. I love fake revolts of the underclass: I’m a veteran of them. At secondary school, we had...

Raoul Pal: The Brexit vote is about so much more than Britain leaving the...

Former global macro fund manager Raoul Pal says no matter how the Brexit vote goes it could have really bad unintended consequences for the rest of Europe. Closely-followed former global macro fund manager Raoul Pal says the United Kingdom's European Union referendum — no matter how the "Brexit" vote goes...

China will need to cut 3.5 million jobs across six core industries as tonic...

A 10 per cent capacity reduction is needed in six main industries, according to new research. China's excess capacity problem is daunting by any yardstick. The nation’s ability to produce manufactured goods outstrips not only the demands of the mainland economy, but that of the entire global economy, as indicated by...

Brexit is the only way the working class can change anything

Working-class people are sick of being called ignorant or racist because of their valid concerns. The EU referendum has given them a chance to have their say. I have lived in working-class communities all my life, and now that I research and write about those communities as a working-class academic,...

France in Chaos: Biggest and longest protests & riots since French Revolution

As the country prepares to host two million visitors at the showpiece Euro 2016 Football Championship in less than two weeks, labor strikes at oil refineries and nuclear power plants; fuel shortages paralyzing aviation and public transport system; violent street protests; nationwide riots; and a state of emergency until...

Riot police crack down on Paris protests against labour reforms

Thousands of protesters turn out on streets of French capital as refineries and nuclear power stations across the country come to a halt. Riot police arrested 16 people and fired teargas in violent clashes with protesters marching in Paris as striking workers continued to blockade refineries and nuclear power stations...

French Protests: Nuclear Power Strikes Add to Dire Fuel Shortage

Strikes at all French nuclear power stations have added to the energy crisis in France, where one-third of France’s gas station ran out or ran low of petrol on Thursday, as mass protests against proposed labor reforms blocked roads and barred trucks’ access to oil depots and other sites,...

Mobilize European workers to defend French strikers!

As oil refinery blockades and occupations, port walkouts and calls for further strike action in defiance of attacks by riot police spread across France, the working class is emerging as the leading force in the struggle against the Socialist Party (PS) government's reactionary labor law. The movement is beginning...

French riot police use water cannon to break up fuel depot blockade

Striking workers cleared by authorities as CGT trade union calls for nuclear plant shutdown in protest over labour reform bill. Riot police have used water cannon to break up a fuel depot blockade in northern France as the hardline CGT trade union called for strikes at nuclear plants amid a...

French strikers to shut nuclear power plant in bid to see labour reforms scrapped...

French workers threatened to shut down the country's nuclear power stations on Wednesday as it emerged that the state has been forced to delve into emergency petrol reserves for the past two days. As the standoff continued between hardline unions and the ruling Socialists over a controversial labour reform, the...

Brussels police fire water cannon at anti-austerity protesters

Belgian police have fired water cannon during clashes with protesters at a demonstration in Brussels against the centre-right government’s austerity measures. A 100-strong group of masked protesters broke away from the peaceful main rally of about 60,000 people in the Belgian capital and started hurling objects and firecrackers at riot...

Trading places

Economists take a new look at the evidence that the U.S. has lost millions of jobs to China. Tennessee has abundant hardwood forests, and business sectors related to them thrived for many years. Yet the state’s employment levels in the flooring, furniture-making, and cabinetry industries have cratered — down by...

Exposed: Sweatshop slaves earning just 44p an hour making empowering Beyonce clobber

BEYONCE'S new high street sportswear range for Topshop is made using sweat shop labour earning just £4.30 a day, we can reveal. The revelation heaps more pressure on under-fire fashion tycoon Sir Philip Green, who faces a grilling from MPs about his role in the collapse of BHS. The chain’s demise...

Did China Trade Cost the United States 2.4 Million Jobs?

The question of whether trade with China has inflicted lasting harm on the United States is the subject of some much-celebrated research by three distinguished economists: David Autor, David Dorn, and Gordon Hanson. They argue that import growth from China cost the United States about 2.4 million jobs over a dozen years....

Saudi Arabia is suddenly facing a serious catastrophe – here’s why

Saudi Arabia is in serious trouble. The BinLadin Group, the kingdom’s largest construction company, has terminated the employment of fifty thousand foreign workers. They have been issued exit visas, which they have refused to honor. These workers will not leave without being paid back wages. Angry with their employer,...

Britain finds a buyer for one Tata steel plant, saving a third of jobs...

Tata Steel agreed to sell one of its main British steelworks to investment firm Greybull Capital for 1 pound on Monday, saving a third of the 15,000 jobs placed in jeopardy by the Indian conglomerate's decision to sell up in Britain. Prime Minister David Cameron has been under pressure to...

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