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  • US drops key obstacle to global digital tax: Treasury
    US Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement.The US shift — part of a broader repositioning by President Joe Biden from the “America First” agenda of former President Donald Trump — […]
  • U.S. Suffers Sharpest Rise in Poverty Rate in More Than 50 Years – Bloomberg
    The end of 2020 brought the sharpest rise in the U.S. poverty rate since the 1960s, according to a study released Monday. Economists Bruce Meyer, from the University of Chicago, and James Sullivan of the University of Notre Dame found that the poverty rate increased by 2.4 percentage points during the latter half of 2020 […]
  • Deeper job cuts at Boeing as pandemic throttles air travel
    Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said that when retirements and other employee departures are included, its workforce will shrink to about 130,000 by the end of next year, or 30,000 fewer […]
  • Trump hails ‘manufacturing miracle’ as factories bleed jobs – POLITICO
    Four years after he won the Midwest by vowing to revitalize the U.S. manufacturing workforce, President Donald Trump is campaigning for reelection on a job well done. The numbers tell a different story. The president's anti-trade agenda and a pandemic-induced recession have combined to shutter factories and accelerate trends toward automation. Source: Trump hails ‘manufacturing […]
  • Amazon’s Drone Delivery Fleet Hits Milestone With FAA Clearance
    Amazon’s Drone Delivery Fleet Hits Milestone With FAA Clearance. (Bloomberg) — Retail behemoth Inc. took a big leap toward delivering goods from the sky by becoming one of only a handful of companies certified by the U.S. government to operate as a drone airline. The Federal Aviation Administration designated Amazon Prime Air an “air […]

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