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Why the GDP rebound isn’t soothing recession concerns U.S. economic growth rebounded sharply during the third quarter, according to data released by the Commerce Department on Thursday, rising at an annualized rate of 2.6 percent and proving that the U.S. has avoided a recession thus far. But beneath a strong headline number were several warning…
“Labor talks at West Coast ports hit snag amid automation issues” Labor negotiations between dock workers and the West Coast port operators have hit a snag, with experts speculating that clashes over automation are partly to blame. Despite meeting with President Biden on Friday, the International Longshore and Warehouse Union – representing some 22,000 dockworkers…
“A terrifying olive oil shortage could be in the future” There’s no strategic olive oil reserves to tap into here. A slew of ongoing issues have been drizzling trouble over the olive oil industry for the better half of the past decade, according to experts in the field, and things are getting increasingly dire. Chief…
“#Biden may import materials for electric vehicles: report” The Biden administration is considering a plan to import the bulk of the materials needed to build electric vehicles and the batteries that power them instead of mining them domestically — a nod to environmental groups that make up a key part of the Democratic constituency, according to…
“#US whiskey makers about to get soaked by higher tariffs” President Trump’s lingering trade wars are about to soak American whiskey makers even as the rest of the US booze industry celebrates a recent lifting of tariffs on wine, vodka and rum. Major US whiskey brands — from Woodford Reserve to Jim Beam and Maker’s…
“#Fashion firms scrapped $16 billion in orders amid pandemic” American and European fashion brands scrapped billions of dollars in apparel orders amid the coronavirus pandemic, stiffing garment workers out of more than $1 billion in the process, labor watchdogs say. The value of apparel imports to the US and the European Union plummeted by $16.2…