The Albanese Labor government has awarded 100 scholarships as part of a $2 million program to advance the leadership careers of disabled individuals. Offered in conjunction with the Australian Institute of Company Directors (AICD), the scholarship program focused on women, Indigenous, and multicultural applicants. Amanda Rishworth, minister for social services, said that disabled individuals face…
Australia Rolls Out $2 Million Program to Help Disabled Individuals Into Leadership Positions
November 10, 2022
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AustraliaAustralian Institute of Company DirectorsBusiness & Marketsdiversityeconomic policieswokewoke capitalismWorld
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Energy Bills Nearly 90 Percent Higher in Europe Than a Year Ago
November 10, 2022
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Business & Marketseconomic policieseconomyenergyenergy pricesEuropeEuropean UnionNatural gasrecessionRussia-Ukraine WarRussian sanctionsUKWorld
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Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report. The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine. The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of…
Around 100,000 UK Civil Servants Vote for Strike Action
The UK government is facing “sustained industrial action” by civil servants after around 100,000 union members working for the civil service voted to strike in a dispute over pay, pensions, and jobs. The Public and Commercial Services union (PCS) said on Nov. 10 that the legal threshold for industrial action had been reached in 126…
US Families Have Lost $7,400 in Income Due to Inflation, Heritage Foundation Says
Despite the annual inflation rate easing to below 8 percent in October, working families have still lost thousands of dollars in income under the current administration, says The Heritage Foundation in a new report. Last month, the Consumer Price Index (CPI) rose 7.7 percent from a year ago and 0.4 percent month over month. The core…
In California, Water Worries a Farmer-Congressman
November 10, 2022
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2022 Midterm ElectionsBusiness & MarketsCaliforniacongressDroughteconomic policieseconomyenergyEnvironmentGold and CommoditiesLocal NewsMarketsNorthern CaliforniaPolicies & ImpactsPoliticsRegional-Local NewsRepublicansriceScienceUSUS NewsWater
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On the road from Yuba City to Chico in the northern half of California’s heavily agricultural Central Valley, it’s hard to stop thinking about water—especially during election season. Political signs advertise candidates’ positions on the issue, an indication of its virtually unmatched importance to the people and communities between the Sierra Nevadas and the California…
Wall Street Opens Sharply Higher After October Inflation Data
Wall Street’s main indexes opened sharply higher on Thursday as data showed consumer prices increased less than expected in October, spurring hopes that the Federal Reserve might scale down the size of its future interest rate hikes. The Dow Jones Industrial Average rose 749.97 points, or 2.31 percent, at the open to 33,263.91. The S&P…
California Voters Reject Millionaire Tax to Boost Electric Vehicle Use
November 10, 2022
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Business & MarketsCaliforniaeconomic policieseconomyElectric VehiclesenergyLocal NewsNorthern CaliforniaPolicies & ImpactsPoliticsRegional NewsRegional-Local NewsSouthern CaliforniaUS
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California voters on election day rejected a millionaire tax to boost electric vehicles (EVs) and and state wildfire response programs. Proposition 30 would have added a tax to promote the use of EVs by creating a Clean Cars and Clean Air Fund, which would be separate from the state’s general fund. Residents with an annual income of above…
Dollar Climbs Ahead of Inflation Data; Cryptos Crumble
SINGAPORE—The dollar inched higher ahead of U.S. inflation data due later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance scrapped plans to rescue its ailing rival FTX. The greenback surged on Wednesday against its peers but later pared some of those gains, with investors also digesting the U.S. midterm election results. The…
Germany Prohibits Chinese Takeover of 2 Semiconductor Chipmakers, Citing Security Concerns
November 10, 2022
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Business & MarketsChinaChina Business & EconomyChineseeconomic policieseconomyEuropeEurope-China RelationsFinance & Business TiesGermanyInfiltrating the WestInternational RelationsInvestmentsemiconductor chipsSpecial TopicsTech CompetitionWorld
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Germany’s government on Wednesday blocked the sale of two of its semiconductor factories to Chinese-owned companies, citing security concerns. “We have prohibited a non-Union investor from entering into business ventures in Germany,” the country’s economy minister Robert Habeck told reporters in front of the German chancellor’s office on Wednesday. He added that the decision came because…
Quantitative Easing During COVID-19 Pandemic Contributed to Inflation, BoE Chief Economist Says
“Overly loose monetary policy” during the COVID-19 pandemic may have helped push up inflation to the current level, Bank of England’s (BoE) Chief Economist Huw Pill said on Tuesday. It’s the first time a BoE official acknowledged the central bank’s role in adding to the inflationary pressure after Prime Minister Rishi Sunak said government borrowing…
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