LONDON—After a summer in which stocks have hit a seemingly never-ending run of record highs, September brings a series of monetary and political events that could jolt investors out of their complacency. The will-they-won’t-they debate over trimming pandemic-era stimulus gets an airing with several G10 central banks holding meetings. A showdown over U.S. national debt…
Restaurant Jobs Hard to Fill in the US as Delta Variant Surges
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data shows restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP virus and a…
Restaurant Jobs in the US Take Hard Hit as Delta Variant Surges
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data shows restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP virus and a…
Restaurant Jobs Hard to Fill in the US During Pandemic
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
Delta Variant Threatens Survival of Already Precarious Restaurants
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
Australia Weathering China Storm: Treasurer
September 5, 2021
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Asia & PacificAustraliaAustralia-China RelationsBusiness & EconomyChinaChina-Australia Relationseconomic coercionEconomiesInternationalInternational Relationsjosh frydenbergpaul keatingWorld
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Treasurer Josh Frydenberg has given an update on Australia’s economy, saying it has weathered Beijing’s economic coercion and is encouraging businesses to continue diversifying away from the China market. The treasurer’s comments come just days after former Prime Minister Paul Keating wrote a scathing op-ed critical of the Morrison government’s handling of bilateral ties. Frydenberg…
Weak Jobs Report Could Cool Fed’s Tapering Plans
Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe. The Labor Department’s jobs report, released Sept. 3, shows that non-farm payroll employment rose by 235,000 in August, down from an upwardly…
Biden Says Feds ‘Moving Quickly’ to Boost Gasoline Deliveries to Areas Hit Hard by Hurricane Ida
President Joe Biden said Friday that his administration is pushing to boost gasoline deliveries to regions badly impacted by Hurricane Ida, where flooding, road closures, and downed power lines have led to gas shortages, leaving residents scrambling to find fuel for generators. Biden said at a Friday press briefing in LaPlace, Louisiana, that measures to…
Unemployment Rises Among Blacks, Teenagers, and Those With Associate Degree
Friday’s non-farm payrolls report—a barometer of America’s labor market health—not only reflected below-expectations job growth in August but also showed unemployment rising for black workers, teenagers, and those with some college or an associate degree. The Labor Department’s jobs report, released Sept. 3, showed that non-farm payroll employment rose by 235,000 in August, down from an upwardly…
Feds Will Utilize Strategic Petroleum Reserve for Louisiana Recovery
September 4, 2021
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Business & EconomyDepartment of EnergyEconomiesExecutive BranchHurricane IdaLouisiana RecoveryPoliticsStrategic Petroleum ReserveUSUS News
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The U.S. Department of Energy announced Thursday it will utilize the nation’s Strategic Petroleum Reserve to address fuel shortages in Louisiana because of Hurricane Ida. The Category 4 hurricane devastated coastal areas and inland parishes across the state’s southeastern region. Gasoline-powered generators remain critically important as widespread power outages persist amid sweltering summer temperatures. Transportation…
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