Workers' wages up, but slower job growth worries financial markets
The inside track on Washington politics. Be the first to know about new stories from PowerPost. Sign up to follow, and we'll e-mail you free updates as they're published. You'll receive free e-mail news updates each time a new story is published. Continue reading at washingtonpost.com
These 9 charts tell the definitive story of the US labor market
The US labor market does not indicate that economic activity is about to collapse. On Friday, the January jobs report showed that the unemployment rate fell to 4.9%, the lowest since February 2008, while the economy added 151,000 jobs. We also saw … Continue reading at businessinsider.com
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L.A. developers accused of stealing millions in affordable-housing scheme
Two executives at a Los Angeles-based real estate development company and two of their employees have been indicted on charges they defrauded government agencies of millions of dollars in funds for housing low-income families. The 67-page federal grand … Continue reading at latimes.com
GRANTHAM: The stock market sell-off makes me nervous, but I fear the big crash is coming later
Jeremy Grantham is surprisingly bullish! In his latest quarterly outlook, Grantham, cofounder and chief investment officer at GMO, outlines his views on the markets and the economy. And in somewhat of a contrast to his recent commentary, sees the oil crash … Continue reading at businessinsider.com
For American Apparel, now out of bankruptcy, it’s ‘the start of a new day’
American Apparel emerged from bankruptcy Friday, canceling shares of its publicly traded stock and becoming a private company. The Los Angeles clothing retailer and manufacturer is now owned by its former creditors under the name American Apparel LLC. Continue reading at latimes.com
Financial Accounting, 7e helps users LEARN, PRACTICE, and REMBEMBER the accounting cycle. A specially designed Accounting Cycle T…
Throughout my sophomore year in college everyday as I walked to class I passed tables where vendors urged students to fill out a c…
It is no secret that the divorce rate for marriages is particularly high, especially in the United States. As of 2012, statistics …
13 of the biggest stories you may have missed this week
Chinese President Xi Jinping speaks during the opening ceremony of the Asian Infrastructure Investment Bank (AIIB) in Beijing, There’s been no shortage of major stories to break this week. From China’s president amassing unseen levels of power since Mao … Continue reading at finance.yahoo.com
Recession in the U.S.? It's not happening, CEOs say
The U.S. is going into recession? China is melting down? Don't tell these CEOs. While investors continue to panic on fears of a global slowdown, CEOs and top executives at a half-dozen companies insist this unwelcome news just isn't in the cards. Continue reading at marketwatch.com
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Sidney Epstein, former Chicago engineering firm chairman, dies at 92
Sidney Epstein teamed with his brother Raymond to grow the Chicago engineering firm started by their Russian immigrant father into a global player whose Chicago-area projects include everything from runways at O’Hare International Airport to the expansion … Continue reading at chicagotribune.com
Argentina in .5bn offer to debt holdouts
Argentina has offered to pay about $ 6.5bn in cash to US holdouts that refused debt restructurings after its 2001 default on $ 100bn, in an attempt to put an end to a decade-long legal dispute dubbed the “sovereign debt trial of the century”. Argentina’s … Continue reading at cnbc.com
How a pay cut hits your Social Security check
A reduction in pay can affect your Social Security check down the road. (Photo: Getty Images/iStockphoto) Q: I am 57 and have paid Social Security taxes up to the maximum amount for the most recent 35 years. Will I now be able to capture the maximum … Continue reading at usatoday.com
* Liberia doctors strike, U.N. warns of food shortages due to Ebola
Scores of healthcare workers at Liberia’s main hospital have gone on strike over unpaid wages, complicating the fight against the world’s worst Ebola epidemic that the U.S. disease prevention chief said was spiraling out of control.
As well as the quickly mounting human toll, the United Nations warned the spread of the fever could lead to food shortages in West Africa, potentially further depleting the resources of governments frantically trying to contain it.
The World Health Organization and other international bodies are scrambling to support of fragile healthcare systems in some of the world’s poorest countries, but so far additional staff and resources have been slow to arrive on the ground.
More than 120 healthworkers have died during the Ebola outbreak amid shortages of equipment and trained staff in the region. That is nearly a 10th of the total 1,550 killed by the disease, mostly in Liberia, Sierra Leone and Guinea.
The strike at the John F. Kennedy Medical Center (JFK) in Liberia’s capital Monrovia follows a one-day protest over pay and conditions at the Connaught hospital in Sierra Leone’s capital on Monday. Both hospitals have treated Ebola patients.
“Health workers have died (fighting Ebola), including medical doctors at … JFK and to have them come to work without food on their table, we think that is pathetic,” George Williams, secretary general of the Health Workers Association of Liberia, told Reuters.
Williams said healthcare workers at JFK, the country’s largest referral hospital, had gone unpaid for two months.
Staff at the main Ebola clinic at Kenema in eastern Sierra Leone also walked off the job last week, in protest at conditions.
U.S. Centers for Disease Control and Prevention Director Tom Frieden said on Tuesday the outbreak was accelerating very fast and urged more global support to combat the Ebola outbreak.
“It’s spiraling out of control. The situation is bad and it looks like it’s going to get worse quickly. There is still a window of opportunity to tamp it down but that window is closing, and we need to act now,” he told NBC News in an interview following a trip to Africa.
“This is different than every other Ebola situation we’ve ever had. It’s spreading widely, throughout entire countries, through multiple countries, in cities and very fast,” he said, speaking from CDC headquarters in Atlanta.
Frieden called on health officials to immediately seek to reverse the outbreak by sending in more resources and specialized workers, adding that the U.S. government now has 70 people in the region.
The countries affected want to fight the outbreak but face limited resources, he added. “There is a willingness there to confront it, but they need to world to support them.”
Putting further pressure on the ability of the region’s governments to spend money on healthcare, the epidemic has also put harvests at risk and sent food prices soaring in West Africa, the U.N. Food and Agriculture Organization (FAO) said.
Restrictions on people’s movements and the establishment of quarantine zones to contain the spread of the hemorrhagic fever has led to panic buying, food shortages and price hikes in countries ill-prepared to absorb the shock.
“Even prior to the Ebola outbreak, households in some of the most affected areas were spending up to 80 percent of their incomes on food,” said Vincent Martin, head of an FAO unit in Dakar which is coordinating the agency’s response.
“Now these latest price spikes are effectively putting food completely out of their reach,” Martin said in a statement, adding the food crisis could hinder containment of the disease, which is typically spread via the bodily fluids of the sick.
The FAO issued an alert for Liberia, Sierra Leone and Guinea, the three countries most affected by the outbreak, which was detected in the forests of southeastern Guinea in March.
The death toll from an Ebola outbreak in the Djera region of northern Democratic Republic of Congo has risen to 31, Minister of Health Felix Kabange Numbi told Reuters on Tuesday.
The outbreak in Congo’s Equateur province is thought to be separate from the West African epidemic. Daily Voice News – Economy Finance Economic Collapse World War 3 News