It’s a good day when Frank Lee, a retired chef, can slip out to the hardware store, fairly confident that his wife, Robin, is in the hands of reliable help. He spends nearly every hour of every day anxiously overseeing her care at their home on the Isle of Palms, a barrier island near Charleston, […]
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With the loss of the jury trial, Biden’s plan to address competition in the meat industry appeared to falter. Still, criminal trials were just one part of the strategy. The Department of Justice could still bring civil cases against the poultry processors. Less than three weeks after the bid-rigging trial ended in defeat, the department’s […]
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What Exactly Does a Realtor Do? When Moya Skillman, a real estate broker with Compass in Seattle, goes out with friends, they’ll often dish about the latest episode of “Million Dollar Listing,” the Bravo franchise and part of a genre of reality TV shows that spin real estate agents into slick, fast-talking, designer-clothes wearing sharks. […]
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In 2021, Robert F. Kennedy Jr. earned more than $500,000 as the chairman and top lawyer at Children’s Health Defense, the nonprofit organization that he has helped build into a leading spreader of anti-vaccine falsehoods and a platform for launching his independent bid for the White House. The compensation was almost three times as high […]
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A United Automobile Workers union vote on a tentative contract agreement with General Motors that provides record wage increases has run into unexpectedly strong resistance from veteran workers. Voting at most union locals has been completed and the final result, due as early as Thursday evening, will very likely be decided by a narrow margin. […]
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Since Tuesday’s big Democratic electoral victories, I’ve been seeing some speculation to the effect that the 2024 election may be marked by a reverse coattail effect: that President Biden, whose poll numbers have supposedly been weighed down by a bad economy, may be lifted up by local candidates who have been racking up wins over […]
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Before autoworkers went on strike in September, Dave and Bailey Hodge were struggling to juggle the demands of working at a Ford Motor plant in Michigan and raising their young family. Both were working 12-hour shifts, seven days a week, to earn enough to cover monthly bills, car payments and the mortgage on a home […]
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Where the economy is working (and where it isn’t) With a year to go before Election Day, polls increasingly show that American voters believe next year will be a rematch between President Biden and Donald Trump — with the former president in the lead in key battleground states despite his legal troubles (more on that […]
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Nov. 3, 2023, 6:30 a.m. ET Nov. 3, 2023, 6:30 a.m. ET Many employers are still struggling to find available workers, but the labor market is loosening. At the same time, companies are balancing cost concerns — especially as interest rates remain elevated — with the need to entice employees. Overall, labor market churn has […]
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Uber and Lyft have agreed to pay New York drivers a $328 million settlement after the state attorney general investigated a wage-theft complaint charging that the companies collected certain taxes and fees from drivers rather than passengers. Uber will pay $290 million and Lyft will provide $38 million into two funds that will payout claims […]
Read More Uber and Lyft have agreed to pay New York drivers a $328 million settlement after the state attorney general investigated a wage-theft complaint charging that the companies collected certain taxes and fees from drivers rather than passengers. Uber will pay $290 million and Lyft will provide $38 million into two funds that will payout claims […]
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What the Fight Is About The Portland Association of Teachers, which represents about 3,700 teachers, school counselors and other employees in the negotiations, is asking for higher wages, more time to plan lessons and a cap on class sizes, among other issues. They say that students’ emotional and academic needs have skyrocketed since the pandemic, […]
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A measure of pay and benefits that officials at the Federal Reserve have been watching closely as they try to gauge the heat of the labor market grew at a moderate pace over the summer. The Employment Cost Index, a quarterly inflation measure from the Labor Department that tracks changes in wages and benefits, climbed […]
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The United Automobile Workers union reached a tentative agreement with General Motors on Monday, following similar deals in recent days with Ford Motor and Stellantis, the parent company of Ram, Chrysler and Jeep. Together, the agreements are expected to end the union’s six-week strike of the Big Three Detroit automakers. Here’s what to know about […]
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It’s not officially over yet, but the United Auto Workers appear to have won a significant victory. The union, which began rolling strikes on Sept. 15, now has tentative agreements with Ford, Stellantis (which I still think of as Chrysler) and, finally, General Motors. All three agreements involve a roughly 25 percent wage increase over […]
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General Motors and the United Automobile Workers union reached a tentative agreement on a new labor contract on Monday, according to two people familiar with the matter, setting the stage for an end to the union’s six-week wave of strikes against the three large U.S. automakers. The agreement comes days after the union announced tentative […]
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Following several productive days at the negotiating table, Hollywood studios are growing optimistic that they are getting closer to a deal to end the 108-day actors’ strike, according to three people briefed on the matter. These people, who spoke on the condition of anonymity because of the sensitivity of the labor situation, cautioned on Sunday […]
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The United Automobile Workers union reached a tentative agreement on a new labor contract with Stellantis, the parent company of Chrysler, Jeep and Ram, on Saturday, a person familiar with the matter said on Saturday. The agreement comes three days after the union and Ford Motor announced a tentative agreement on a new contract. The […]
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When autoworkers went on strike in September, executives of the large U.S. automakers warned that union demands could significantly undermine their ability to compete in a fast-changing industry. The chief executive of Ford Motor said that the company might have to scrap its investment in electric vehicles. The future doesn’t look quite that bleak now […]
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The median household income in Manhattan fell below $96,000, a more than 11 percent drop, while the Bronx, the city’s poorest borough, remained flat at $45,500. In the same period, more people living on the margins faced financial challenges. Over 18 percent of New Yorkers, or 1.5 million people, were living in poverty, up from […]
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The United Automobile Workers union on Monday added a large Ram pickup truck plant that employs 6,800 workers in Michigan to its strikes against the three large U.S. automakers. Union workers walked out of the plant, which is owned by Stellantis, in Sterling Heights, Mich., Monday morning, in the U.A.W.’s latest attempt to pressure the […]
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Tens of thousands of people who work for Toyota in Kentucky, Mercedes-Benz in Alabama or Tesla in Texas are technically not involved in the high-stakes negotiations taking place between labor and management in and around Detroit. But they are very much a presence. Executives at Ford Motor, General Motors and Stellantis, the parent of Chrysler, […]
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Home buyers, entrepreneurs and public officials are confronting a new reality: If they want to hold off on big purchases or investments until borrowing is less expensive, it’s probably going to be a long wait. Governments are paying more to borrow money for new schools and parks. Developers are struggling to find loans to buy […]
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As a 25-year-old junior executive at the car company that bears his last name, William Clay Ford Jr. had a bracing introduction to labor negotiations when a union official demanded that he stand up and vouch that he was made of the same stuff as his great-grandfather Henry Ford. Mr. Ford, now the company’s executive […]
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Deeper Into the Numbers: Core inflation eased slightly. Even though headline inflation failed to budge last month, it has fallen notably from its peak, which was above 11 percent a year ago. Still, price pressures are strong across the economy. Core inflation, a measure that strips out food and energy prices and is used as […]
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Chrystal Audet tried to get comfortable in what she called her “bedroom” — the back seat of her eight-year-old Ford Fusion. To stretch her legs, she had to leave a passenger door ajar, but September nights are raw in the Pacific Northwest, with sheets of rain that cut to the bone. From her own “bedroom” […]
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Thousands of federal firefighters could face substantial pay cuts in the coming weeks, potentially hampering the country’s ability to respond to wildfires as they have grown more severe. Federal wild-land firefighters received a temporary boost to their paychecks last year, which was meant to help strained agencies offer more competitive wages to recruit and retain […]
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Four weeks after starting limited strikes against three large automakers, the United Automobile Workers is shifting to a more aggressive strategy, suggesting work stoppages could spread to more plants and possibly go on for some time. In an online video, the union’s president, Shawn Fain, said he would no longer wait to announce expansions of […]
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Kaiser Permanente reached a tentative deal with more than 75,000 of its health care workers on Friday, one week after a three-day walkout that disrupted appointments and services at many hospitals and clinics, according to an announcement by union officials. The labor dispute was the latest in a series between health care organizations and their […]
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Because any potential cost-of-living adjustment must be baked into benefits at the start of the new year, beneficiaries receive raises after they’ve already experienced higher prices. The COLA is calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers (called the C.P.I.-W): Social Security takes the average inflation reading from July, August […]
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Negotiations between the major entertainment studios and the union representing tens of thousands of actors have collapsed, with both sides saying on Thursday morning that they remained far apart on the most significant issues. The Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, said that it was suspending talks […]
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