#unemployment

#unemployment

President Joe Biden, right, joined by Vice President Kamala Harris, speaks during a meeting regarding the debt limit, with U.S. House Speaker Kevin McCarthy, R-CA, and other Congressional leaders, in the Oval Office of the White House in Washington, D.C., on May 16, 2023.AFP/Getty Images/TNS
California stands to lose hundreds of thousands of jobs if the federal government can't pay its bills.

Rached Ghannouchi, head of Tunisia's Islamist movement Ennahdha, is seen pictured arriving at a police station in Tunis on February 21, 2023.Fethi Belaid, AFP A Tunisian court on Monday sentenced Rached Ghannouchi, one of the main opponents of Tunisian President Kais Saied, to a year in prison on terrorism-related charges, local media reported.

Two books are confiscated, and a publishing house's stand is closed down at the Tunis International Book Fair.Tunisian authorities have seized two books at the national book fair and temporarily closed down a publishing house's pavilion, moments after the president had told reporters about the importance of combatting rigid thinking.

President Vladimir V. Putin of Russia wrapped up what was for him an extraordinary and sometimes rambling week of upbeat commentary on the Ukraine war by asserting on Friday that Russia was so assured of prevailing against the Ukrainian counteroffensive that he had ruled out using nuclear weapons.Dropping what had been a strict avoidance of discussing the war in any detail, Mr. Putin told an audience of Russia's business elite, gathered for the annual St. Petersburg International Economic Forum, that Ukraine had no chance against Russian forces and indicated that its Western backers would tire of the conflict and stop supplying weapons, ending Kyiv's war effort.

It is an unfortunate rule that bad things also happen to optimistic people.Just as new consumer confidence figures from the Conference Board of Canada show "a three month streak" of growing optimism, worrywarts from the commercial banks, the Canada Mortgage and Housing Corporation (CMHC) and the Bank of Canada, seem to be saying "not so fast."

With the Acura Grand Prix of Long Beach complete, workers begin dismantling the grandstands in Long Beach, California, on April 17, 2023.Brittany Murray / MediaNews Group/Long Beach Press-Telegram via Getty Images This was a generally solid jobs report, with the economy adding 253,000 jobs in April.

Friday, June 16, 2023 by Nina Hernandez
This week, the Austin Justice Coalition announced the launch of the Justice Now: Economic Justice Campaign.The nonprofit said the initiative aims to address systemic economic inequalities in the Austin area.The Justice Now campaign will leverage public awareness campaigns, grassroots organizing, partnerships with local businesses and policy advocacy to "create lasting change for marginalized communities," according to the coalition.

Under Liz Truss's mercifully short-lived premiership, the yield on British government bonds surged last September a penalty described as a moron risk premium that markets imposed on her reckless plan for a tax giveaway to the rich.Now it appears that the morons are back: yields on gilts have exceeded the levels they reached last year, and are higher than at any point since the 2008 global financial crisis.

Where you are born matters a lot.There's the accent, of course, but I mean in rather less superficial ways.It's the breadth of those impacts that stands out in a new study from London School of Economics researchers, which shows how the economic circumstances of where and when we were born shape far more than our economic outcomes moulding everything from our cultural outlooks to voting patterns.

The UK government is under attack for investing taxpayers' money in fossil fuel companies, a hospital in Kenya accused of imprisoning patients who couldn't pay for treatment, and a business in the Democratic Republic of the Congo that exposed workers to dangerous chemicals and dumped untreated industrial waste.

The UK economy will continue to lag behind other countries in the group of seven (G7) advanced economies this year, despite improved growth projections, new analysis has shown.Only Germany, which fell into a recession over the start of the year and is set to stagnate throughout 2023, will perform worse than the UK.

Florida is not only richer than many states when it comes to personal wealth, but is more resilient for the time an expected national recession sweeps the country."Economically speaking, we have our flashlights, batteries, food and water," Sean Snaith, an economist at the University of Central Florida, said Thursday upon the release of his quarterly state economic forecast "Compared to what Florida went through in the two previous recessions, the next recession will be more akin to a tropical depression."

The Bank of England increasing its base rate is predicted to have a big impact on households who might need to pay hundreds more per month to maintain their mortgage - experts have said.On Thursday, the bank increased its base rate from 4.25 per cent to 4.5 per cent, the 12th rise in just over a year to put it at the highest levels since the 2008 financial crash.

The House voted Thursday to pass a bill that would help recover fraudulent unemployment insurance benefits paid out during the pandemic.The final vote was 230-200, with 10 Democrats crossing over to vote with the Republicans.An ironic twist on the House floor occurred when now-indicted New York Republican Rep. George Santos, who has been accused of committing this same fraud, voted for the bill.

Mustafa Suleyman, a co-founder of DeepMind, the London-based AI lab acquired by Google, has cautioned governments about the potential negative consequences of AI on the job market.According to Fortune, while speaking at the GIC Bridge Forum event in San Francisco, Suleyman emphasized the need for policymakers to take proactive measures, including considering the implementation of universal basic income, to assist knowledge sector workers affected by automation.

Dusty Baker said his life hasn't changed much since his longtime quest to manage a World Series champion came to fruition last year."The only difference has been life in the world," Baker said."I'm noticing now more than ever that I've gotten smarter now, according to other people."

Television loves a good sentient-machine story, from Battlestar Galactica to Westworld to Mrs. Davis.With the Writers Guild of America strike, that premise has broken the fourth wall.The robots are here, and the humans are racing to defend against them, or to ally with them.Among the many issues in the strike is the union's aim to regulate use of material produced using artificial intelligence or similar technologies, at a time when the ability of chatbots to auto-generate all manner of writing is growing exponentially.

So, you've hired a nanny.Unlike your 15-year-old niece who charges you $10 an hour and as much of the ice cream in the fridge as she wants to watch your kid for an evening, your nanny is a professional and should be paid as such.That means accounting for payroll items such as taxes and benefits.This provides long-term protections and bonuses for both you and the person you're employing.

As more than 155,000 civil servants in Canada strike for their right to work from home, among other demands, the fight between workers and employees over the return to the office is still flourishing.After a period of a competitive talent market, looming economic conditions are giving power back to employers.