economy – USMAIL24.COM https://usmail24.com News Portal from USA Sat, 23 Mar 2024 01:03:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://usmail24.com/wp-content/uploads/2024/01/Untitled-design-1-100x100.png economy – USMAIL24.COM https://usmail24.com 32 32 195427244 Retail sales are boosting the UK economy despite the wettest February on record https://usmail24.com/retail-sales-boost-uk-economy-wettest-february/ https://usmail24.com/retail-sales-boost-uk-economy-wettest-february/#respond Sat, 23 Mar 2024 01:03:30 +0000 https://usmail24.com/retail-sales-boost-uk-economy-wettest-february/

The wettest February on record did not dampen Britons’ appetite for new spring outfits as retail sales boosted the UK economy. Analysts predicted a 0.3 percent fall in high street spending in February, but official figures show this remained the same. 3 The wettest February on record hasn’t dampened Brits’ appetite for new spring outfits […]

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The wettest February on record did not dampen Britons’ appetite for new spring outfits as retail sales boosted the UK economy.

Analysts predicted a 0.3 percent fall in high street spending in February, but official figures show this remained the same.

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The wettest February on record hasn’t dampened Brits’ appetite for new spring outfits as retail sales boosted the UK economyCredit: Alamy

It gives experts confidence that Britain has been lifted out of recession. Official GDP figures show that the economy has been driven by retail sales so far this year.

Rob Wood of Pantheon Macroeconomics predicted that retail sales would continue to grow strongly in the first three months of the year, “helping the economy emerge from last year’s recession.”

It comes at a time when data from GfK shows that consumer confidence has turned positive for the first time in more than two years. Household disposable incomes are finally rising as wages rise in tandem with food price inflation energy accounts fall.

Deloitte’s Oliver Vernon-Harcourt said: “Better days are ahead as the short-lived and shallow recession is behind us and inflation is at its lowest level in two years.

“The high street can be hopeful that lower prices will support higher spending and footfall.”

The office Good performance by clothing stores and department stores has offset declining food and fuel sales, according to National Statistics.

Heather Bovill of the ONS said clothing growth was “recovering after recent declines as people invested in new season collections”.

Much of the spending was done online, with a 2.1 percent increase in internet spending in February.

Voda investigated

Vodafone and Three’s £15bn merger threatens to drive up prices for users, competition and competition Markets Authority watchdog has warned.

The regulator is preparing a six-month investigation into the deal, which involves 27 million customers. The companies say it will help them compete with BT and Virgin Media O2.

What is the Bank of England base rate and how does it affect me?

Aston in Raid

Aston Martin has poached the boss of rival Bentley as its fourth CEO in four years.

An hour after Bentley announced it Adrian Hallmark’s departure “by mutual consent”, Aston Martin welcomed him as its new leader.

Bentley had increased its profits tenfold under Mr. Hallmark.

Good week

Bumper profits and rosy prospects for Next boss Simon Wolfson

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Bumper profits and rosy prospects for Next boss Simon WolfsonCredit: Rex

Next boss Lord Simon Wolfson after announcing huge profits and the best prospects for the retailer in seven years.

Bad week

Lower profits make things uncomfortable for DFS boss Tim Stacey

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Lower profits make things uncomfortable for DFS boss Tim StaceyCredit: DFS

DFS boss Tim Stacey warned of lower profits as people were reluctant to buy banks.

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‘Strike Madness’ hits Germany as the economy stumbles https://usmail24.com/germany-strikes-economy-html/ https://usmail24.com/germany-strikes-economy-html/#respond Fri, 22 Mar 2024 04:13:30 +0000 https://usmail24.com/germany-strikes-economy-html/

For those standing at the gate of SRW’s scrap metal plant, just outside the eastern German city of Leipzig, time can be counted not only in days – 136 so far – but also in the thousands of card games played, the liters of coffee brewed were sucked up and the arms full of firewood […]

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For those standing at the gate of SRW’s scrap metal plant, just outside the eastern German city of Leipzig, time can be counted not only in days – 136 so far – but also in the thousands of card games played, the liters of coffee brewed were sucked up and the arms full of firewood were burned.

Or it can be measured by the length of Jonny Bohne’s beard. He vows not to shave until he returns to the job he has held for 20 years. Wearing his red baseball cap and fighting an oil barrel fire, 56-year-old Bohne looks like a scruffy Santa Claus.

The dozens of workers at the SRW recycling center say their strike has become the longest in post-war German history – a dubious honor in a country with a history of harmonious labor relations. (The previous record, 114 days, was set by shipyard workers in the northern city of Kiel, who struck in the 1950s.)

While months-long strikes are common in some other European countries such as Spain, Belgium or France, where workers’ protests are something of a national pastime, Germany has long prided itself on its unhindered collective bargaining.

A wave of strikes this year has Germans wondering whether this will change. By some measures, the first three months of 2024 have seen the most strikes in the country in 25 years.

Striking workers have brought railways and airports to a standstill. Doctors have left hospitals. Bank employees left work for days.

“Germany – strike nation?” asked a recent headline in the German magazine Der Spiegel. Jens Spahn, deputy leader of the conservative Christian Democrats in parliament, denounced a “strike frenzy” that he said could paralyze the country.

The strikes are the latest chapter in the story of how Germany, the “economic miracle” of the 20th century, risks becoming a cautionary tale for the 21st century.

Germany has long been Europe’s economic powerhouse and is now the slowest growing of the twenty countries that use the euro. The country entered a recession in 2023 and is expected to stagnate in 2024. Under the weight of rising energy prices and declining production, the country experienced the highest inflation in 50 years last year.

The burden has fallen heaviest on low- and middle-income workers. Since 2022, their real wages have been according to a recent studyhave shrunk more than ever since the Second World War.

At the same time, Germany is facing increasingly severe labor shortages and an aging population, with officials estimating that there will be a shortage of seven million workers by 2035. This poses problems for the generous social security system on which German citizens have long depended.

It is a unique moment of opportunity for workers, at a very vulnerable time for the national economy.

“Germany is coming out of the crisis slower than expected,” Robert Habeck, the economy minister, said last week, criticizing what he called “a bit too obvious.”

“We really cannot afford this,” he says.

For decades, the German economy chugged along profitably, supported by exports to China and cheap gas from Russia. But Moscow’s invasion of Ukraine led Europe to wean itself off the Russian gas that powered German industry. And Beijing’s deepening “Made in China” strategy is turning a huge Asian market, once a source of growth for Germany, into an industrial rival.

The impact on Germany has been worse than elsewhere in Europe precisely because of its huge manufacturing industry, which accounts for a fifth of the country’s total economic output – almost double that of France or Britain.

For lower-income workers, who are now bracing for a future that is less prosperous than the current one, there is little to fall back on. About 40 percent of households have little or no net savings, said Marcel Fratzscher, president of the German Institute for Economic Research.

“The concerns, dissatisfaction and fears of young people are fully justified – and of course of parents who fear for their children,” he said.

“People had trusted that Social Security could provide,” he added. “It can no longer offer what it used to.”

At the metal scrap plant, workers like Mr. Bohne are taking shifts to continue their 24-hour strike outside the main gate, warming themselves in construction containers or around makeshift fire pits fueled with scrap wood.

The outages have forced the factory to stop night shifts and only one of its four production lines is operating. The strikers, who want an 8 percent wage increase, feel encouraged.

“You notice that solidarity has become stronger,” says Christoph Leonardt, 35, one of the picket workers.

Yet it’s not just about the reward. Workers are also demanding better working conditions, the ability to plan shifts and vacations well in advance, better work-life balance and shorter hours.

“The worker has become more confident,” said Katrin Heller, a 61-year-old security worker who marched with hundreds of striking colleagues in Day-Glo vests through Berlin airport’s shiny new departure hall last week, forcing flights to be canceled. cancelled.

“We know we have value to employers, so we expect to be treated fairly,” she said. Officially, airport security workers are demanding a 15 percent pay increase to keep up with inflation, but many seemed more frustrated with the shifts that force them to stand for up to six hours without a break.

Robert Wegener, 56, a security researcher for 19 years, warned that jobs like his were no longer attractive to younger people: “If we don’t get these perks, there’s not much reason to work here.”

His employer, Securitas, agrees. Jonas Timm, a company spokesman, said recruiting has become increasingly difficult since the pandemic, when he started noticing a “change in mentality” about shift work.

Many employers have expressed frustration that more and more applicants are demanding shorter hours or four-day work weeks, for example.

Analysts disagree on why Germans want to work less, but many say a major problem is Germany’s tax system, which taxes incomes far more heavily than private wealth, disproportionately affecting low- and middle-income workers.

Clemens Feust, president of the Ifo Institute for Economic Research, says working full-time can be more expensive than staying at home. A Ifo study showed that, because of the way taxes for married couples are structured, a family where one partner worked full-time and the other worked part-time had more income at the end of the month than two full-time working parents.

“The fact that it’s not worth it to work in our middle-income bracket is a real problem,” he said.

As striking workers use their power, costs to the economy as a whole threaten to pile up as critical infrastructure across Germany grinds to a halt.

The one-day strike at Berlin and Hamburg airports last week grounded about 570 flights and affected 90,000 travelers, according to an industry group.

The Kiel Institute for the World Economy estimates that train conductors’ strikes cost the German economy around 100 million euros per day.

Mr Feust said such costs are often incurred as companies and affected travelers have made adjustments. The most serious damage, he said, is to the economic mood.

“This is more about psychology,” he said, especially at a time when Germany feels polarized by both economic and political struggles, including the war in Ukraine and the resurgence of the far right. “It leads to an increased sense of crisis.”

Striking workers say they too are looking for a sense of security and higher wages.

“We need more reliability, and we need to be able to plan for the long term,” Mr. Bohne said.

Only then, he said, will he shave his beard.

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If Nvidia continues to rise like this, it will be bigger than the global economy https://usmail24.com/nvidia-stock-market-ai-bubble-html/ https://usmail24.com/nvidia-stock-market-ai-bubble-html/#respond Fri, 15 Mar 2024 15:56:02 +0000 https://usmail24.com/nvidia-stock-market-ai-bubble-html/

It’s not a household name yet, but anyone who follows the stock market knows at least something about Nvidia. The company is the wonder of the year, a stock by which all others are measured. Nvidia designs the chips that make artificial intelligence work, and with AI being hailed as the most important technological development […]

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It’s not a household name yet, but anyone who follows the stock market knows at least something about Nvidia.

The company is the wonder of the year, a stock by which all others are measured. Nvidia designs the chips that make artificial intelligence work, and with AI being hailed as the most important technological development since the internet, Nvidia’s shares have soared since last year.

I’m not qualified to judge how important – or how dangerous – AI will ever become, but I am paying close attention to the stock market, which values ​​Nvidia at more than $2.2 trillion, making it the third-largest publicly traded company in the world world is. world behind Microsoft and Apple.

The enthusiasm for AI is boosting the stock prices not only of Nvidia, but also of many other tech companies believed to be aware of the technology’s potential, including Microsoft, Meta and Alphabet, as well as other chipmakers such as AMD, Taiwan Semiconductor and Intel .

But the blistering pace of Nvidia’s profits — up about 290 percent over the past twelve months — has me and many Wall Street analysts wondering how sustainable this run is. The answer has implications for the entire market.

There are many ways to investigate this, including traditional stock analysis, which takes into account revenue, earnings, cash flow, business growth and momentum. I took an unusual approach: I asked several AI chatbots about Nvidia’s prospects as a stock. Specifically, I asked how large Nvidia’s market value would be in ten years if the company’s stock price maintained its current pace.

What they told me boiled down to this: the sharp rise in Nvidia stock cannot continue for long. And with much of the stock market embroiled in the same feverish AI-driven stock frenzy, the message is broadly true. If the market doesn’t slow down soon, it could inflate itself into a bubble – and eventually all bubbles will burst.

On a personal level, I love new technology, but I try not to get too excited about it until I’m sure it works safely and reliably. As far as I know, AI produces spectacular visuals and is fun to play with, but it is neither reliable nor safe (yet).

(The New York Times sued OpenAI and Microsoft in December for copyright infringement of news content related to AI systems.)

To their credit, all three AI chatbots I asked – Microsoft Copilotpowered by OpenAI’s Chat GPT-4; Google Gemini; And Claude 3 from Anthropic – were hesitant to answer my questions directly.

All said they could not reliably assess stock valuations or predict with the slightest accuracy how a stock or the overall market would perform in the future. I wish stock analysts said that too.

Just because Nvidia’s stock price is growing rapidly now doesn’t mean it will continue to grow rapidly, especially over periods as long as ten years, they all warned me.

But I still forced them to do some basic calculations, which I supported with 20th century technology: a spreadsheet and a calculator.

The chatbots didn’t arrive at the same numbers every time and never agreed on the details. That’s another sign, in my humble opinion, that they’re not ready for prime time. I wouldn’t use them for math homework.

But in this case, the details didn’t really matter. Ultimately, and with considerable prodding, they all came to the same basic conclusion: the simple laws of compound arithmetic tell us that if the company’s stock price continues to rise at its current rate, Nvidia will end up with a market cap in the trillions of dollars. dollars.

Quadrillions are an order of magnitude that I’m not comfortable with, so I resorted to a dictionary: One trillion dollars that is 1 with 15 zeros after it, or a thousand trillion dollars in American parlance. (In British English, a quadrillion is even bigger: 1 with 24 zeros. I’m using the American definition.)

How big is that? The global economy – the combined size of all annual gross domestic products of every country in the world – reached $100.88 trillion in 2022, according to the World Bank. So if Nvidia continued to grow at its current annual rate, the output of the entire known economic universe would shrink within a decade.

Claude 3, the Anthropic AI chatbot, calculated that Nvidia, at its current growth rate, would become a $2.76962 trillion company within ten years, then warned me: “This is an extremely large number that actually seems unlikely, because Nvidia is many times larger than the entire global economy.”

In plain English, Nvidia’s astonishing growth over the past year is far too high to continue for long. I would be wary of buying shares of Nvidia, or any other stock, in the belief that its momentum is perpetual. What goes up can come down, and somewhere down the road it certainly will.

This warning reinforces what traditional valuation measures show. Nvidia’s stock price, and the prices of many stocks, are high. They can be justified by assuming that their sales and revenues will grow at a breakneck pace. But if stock prices rise faster than profits, the market will eventually crash.

Nvidia is an impressive company. The company’s products are well-reputed, in high demand, and generating huge, fast-growing profits.

February’s latest earnings report, which unleashed enormous optimism in the stock market, contained eye-popping numbers. And in a call with Wall Street analysts, Nvidia CEO Jensen Huang gave Wall Street something exciting to think about. The company’s technology lays the foundation for a new industrial revolution, he said.

“We are now at the dawn of a new industry in which AI-specific data centers process massive raw data and refine it into digital intelligence,” he said. “Like AC power generation factories of the last industrial revolution, Nvidia AI supercomputers are essentially AI generation factories of this industrial revolution.”

The sky is the limit for the coming years, he suggested.

But Nvidia will inevitably grow more slowly. It is absurd to think that it can become bigger than anything else in the universe.

But it can still grow quickly. Some companies have previously succeeded in sustaining rapid long-term growth.

At various stages since its founding in 1976, Apple has baffled skeptics, who regularly said the company had become too big to continue growing rapidly. For example, in 2012, Apple’s market capitalization was $500 billion and its stock price had risen 68 percent in just eight months.

At the time, The New York Times quoted an analyst who used a spreadsheet, not a chatbot, to assess Apple’s prospects. The analyst concluded that if the company grew at just 20 percent per year over the next decade — much slower than its 2012 growth rate — Apple would be worth an impossible number by 2022: more than $3 trillion. That number doesn’t look strange now.

Apple’s market cap hasn’t quite reached it yet, but it’s close, at about $2.7 trillion. Its old rival, Microsoft, which was much smaller than Apple in 2012, now has a market capitalization of more than $3 trillion. These two giants have risen and fallen many times and show every prospect of being able to do so again.

I don’t know if Nvidia belongs in that lofty category, but it’s clear that while Nvidia won’t be bigger than the entire universe, it could be significantly more valuable in the next ten to twenty years. But maybe not.

It might look more like Cisco Systems, the most valuable company on the stock market in March 2000. That was the height of a new technology boom: the dot-com bubble. Cisco is still a solid company. The products form the backbone of the internet. But its market cap in 2000 was $567 billion. Now it is about $200 billion.

It will be fascinating to see how Nvidia’s fate unfolds. But because I can’t predict how the company, or any company, will fare in the long run, I don’t buy individual stocks – not Nvidia, Apple, Microsoft, Cisco or whatever.

Instead, I settle for broad, low-cost index funds that track the entire market. They are a passive and less risky bet on the future that does not require stock selection.

If Nvidia grows rapidly in the coming years, I won’t miss this entirely, as the stock market will likely grow as well. If Nvidia fails, other stocks will likely lose out at some point. At least that’s what happened over the past hundred years. The AI ​​boom is a thrill ride. If things start to slow down, those who hedged their bets will be glad they did.

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The UK economy grows in January as GDP rises 0.2% – what this means for you https://usmail24.com/gdp-uk-population-inflation-debt/ https://usmail24.com/gdp-uk-population-inflation-debt/#respond Wed, 13 Mar 2024 07:08:24 +0000 https://usmail24.com/gdp-uk-population-inflation-debt/

The British economy returned to growth after a mild recession, the latest figures show. Gross domestic product (GDP) rose 0.2% in January this year, after a 0.1% decline in December. 1 The British economy grew in the month to January, the latest figures showCredit: Getty The increase was partly due to growth in the services […]

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The British economy returned to growth after a mild recession, the latest figures show.

Gross domestic product (GDP) rose 0.2% in January this year, after a 0.1% decline in December.

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The British economy grew in the month to January, the latest figures showCredit: Getty

The increase was partly due to growth in the services and construction sectors, the Office for National Statistics (ONS) said.

The economy improved thanks to strong growth in both retail and wholesale.

It means the UK economy appears to have emerged from recession after two quarters of GDP contraction in the second half of 2023.

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Admission Alert: IIM Kashipur Doctoral Program 2024 Admission Begins, Last Date to Apply March 31 https://usmail24.com/admission-alert-iim-kashipur-doctoral-program-2024-admissions-begin-last-date-to-apply-31-march-6782730/ https://usmail24.com/admission-alert-iim-kashipur-doctoral-program-2024-admissions-begin-last-date-to-apply-31-march-6782730/#respond Tue, 12 Mar 2024 17:32:29 +0000 https://usmail24.com/admission-alert-iim-kashipur-doctoral-program-2024-admissions-begin-last-date-to-apply-31-march-6782730/

At home Education Admission Alert: IIM Kashipur Doctoral Program 2024 Admission Begins, Last Date to Apply March 31 The gender diversity percentage for the batch stands at 27.8% women and 72.2% men. Kashipur offers a wide range of fruitful areas for specialization under the Ph.D. program. (Image: Facebook/@IndianInstituteOfManagementKashipur) IIM Kashipur Doctoral Program 2024: Indian Institute […]

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The gender diversity percentage for the batch stands at 27.8% women and 72.2% men.

Kashipur offers a wide range of fruitful areas for specialization under the Ph.D. program. (Image: Facebook/@IndianInstituteOfManagementKashipur)

IIM Kashipur Doctoral Program 2024: Indian Institute of Management (IIM) Kashipur, a leading B-school in India, is accepting applications for its Ph.D. courses including economics, finance, HR, public policy and others. With a 100% placement track record, this is your chance to apply to IIM Kashipur before March 31, 2024. IIM Kashipur’s fully residential Ph.D. Carefully designed for professionals, the 2024 program provides essential skills to delve into complex management issues and seek candidates with an excellent academic background, intellectual curiosity and the discipline to make significant scientific contributions.

Kashipur offers a wide range of fruitful areas for specialization under the Ph.D. program in the areas of communications, economics, finance and accounting, IT and systems, marketing, operations management and decision sciences, OB and HR management, strategy and finally public policy. The gender diversity percentage for the batch stands at 27.8% women and 72.2% men. Inviting the eligible candidates to the Kashipur campus, Admission Committee Chairman Abhradeep Maiti said, “Encouraging scientists to pursue research will help them in scientific curiosity, social or environmental aspirations, self-development (academic) and career prospects . The doctoral program offered by IIM Kashipur promises a robust mix of high-productivity areas for specialization curated for professionals. At IIM Kashipur, students will further enhance their ability to deal with complex management-related challenges and make notable scholarly contributions.”

With a 100% placement record, of the 19 scientists who received the Ph.D. degree from IIM Kashipur, placed at IITs, IIMs, Jindal Global Business School, Alliance School of Business, Alliance School of Business and others. Aspiring researchers can apply by visiting the official website of IIM Kashipur. The last date to fill the application form is March 31, 2024. Our faculty and doctoral scholars have published 77 research articles in peer-reviewed journals. IIM Kashipur was associated with another publication in a reputed Financial Times Top 50 Journal (Journal of Business Ethics) in 2022-2023. In addition, Kashipur has published 34 articles in A* and A category Scopus indexed journals such as Annals of Operations Research, Behavior and Information Technology, Business Strategy and the Environment, Computers and Industrial Engineering, Computers in Human Behavior and many others.

According to the Scopus Database, the number of citations of research publications of IIM Kashipur has increased from 621 in 2021 to 1426 in 2022. The research publications of IIM have increased from 26 in 2018 to 71 in 2022 and the number of citations from 131 in 2018 to 1426 in 2022. IIM Kashipur has secured 19th position among the top 50 management institutes/colleges in India in the National Institutional Ranking Framework (NIRF)-2023 rankings released by the Ministry of Education. IIM Kashipur has also become the only IIM to enter the Top 50 of the NIRF-ARIIA (Atal Ranking of Institutions on Innovation Achievements) quotient, leaving other IIMs behind.

The eligibility for the PhD program 2024 at IIM Kashipur is:

1. A master’s degree or equivalent in any discipline with at least 60% marks.

2. Five-year integrated master’s program in any discipline with at least 60% marks obtained after completion of higher secondary education (10+2) or equivalent.

3. A professional qualification duly recognized by UGC/AICTE/AIU and equivalent to a Master’s degree (such as CA, CS, CMA) with at least 60% marks or equivalent marks average. 4. Bachelor’s degree of 4 years/8 semesters (BE/B.Tech./B. Arch. Etc.) with minimum 60% marks or equivalent marks average. The program also offers a scholarship of Rs. 37000 to Rs. 42000 per month, a contingency subsidy of Rs. 1.25 lakhs, and a conference grant of Rs. 3 lakhs.



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California’s economy has been pinched by unemployment https://usmail24.com/california-economy-unemployment-html-2/ https://usmail24.com/california-economy-unemployment-html-2/#respond Mon, 11 Mar 2024 13:08:10 +0000 https://usmail24.com/california-economy-unemployment-html-2/

It’s Monday. The unemployment rate in the Golden State remains stubbornly high. Moreover, the Yimby movement is not just for liberals anymore. Layoffs in the technical field. Hollywood strikes. Unemployment in rural areas. For much of last year, key parts of California’s economy looked a lot like our winter weather: gloomy. Although the state’s economy […]

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It’s Monday. The unemployment rate in the Golden State remains stubbornly high. Moreover, the Yimby movement is not just for liberals anymore.

Layoffs in the technical field. Hollywood strikes. Unemployment in rural areas.

For much of last year, key parts of California’s economy looked a lot like our winter weather: gloomy.

Although the state’s economy has long surpassed the economies of most states, California’s unemployment rate has risen significantly over the past year — a topic I explored in a recent article on California’s economic prospects.

The unemployment rate of 5.1 percent in December was one percentage point higher than a year earlier, and well above the national rate of 3.7 percent. The only state that did worse than California was Nevada, at 5.3 percent, according to recently revised figures from the Bureau of Labor Statistics.

(The national rate rose to 3.9 percent in February; state-by-state figures for January and February are not yet available.)

California’s unemployment rate is typically above the U.S. average due to its young and fast-growing workforce, but early in the pandemic recovery the gap was smaller: 4 percent in California in May 2022, compared to 3.6 percent nationally. .

Since then, a wave of deep cuts has hit workers at several major tech companies, and entertainment employers have only slowly begun to recover from last year’s Hollywood strikes. The unemployment rate in Los Angeles County is around 5 percent.

In more rural parts of the state, including Imperial County along the Mexican border, where agriculture is a major economic driver, the unemployment rate is in double digits: about 18 percent, up 3.1 percentage points from a year earlier .

The state has seen job growth in education and healthcare, and in the leisure and hospitality sectors.

But Kevin Klowden, executive director of the Milken Institute, an economic research organization in Santa Monica, said it would take months, if not years, for Hollywood to return to what it looked like before the strikes. Some restaurants and other small businesses that relied on workers involved in television and film production will likely never reopen, he said.

Nearly 25,000 workers in Los Angeles lost their jobs in Hollywood during the strikes report in December by Otis College of Art and Design.

Elyse Jackson is one of those employees.

Jackson, the art department coordinator for feature films in Los Angeles, told me she had hoped to find work quickly after the strikes ended last fall. She has racked up $15,000 in debt in recent months and has applied for dozens of administrative jobs in Southern California. But she hopes to return to Hollywood sets.

“The rehiring and new productions,” she said, “have just been so slow.”

Kurtis Lee is an economics correspondent based in Los Angeles.

The surprising left-right alliance that wants more apartments in the suburbs.


We are in the process of putting together ours California soundtrack for years and have recorded most of the hits. Which songs do you think still need to be added?

Tell us at CAtoday@nytimes.com. Include your name, the city you live in, and a few sentences about why you think your song deserves to be included.

Like the beginning of so many love stories in Los Angeles, Talia Bernstein and Kristen Zublin met during an improv class.

The pair hit it off and began spending time together even after class ended, often talking late into the night. All the while, Bernstein harbored a secret crush on Zublin. After months of pining, Bernstein finally took action at a mutual friend’s gathering in December 2015. As Adele’s “Send My Love (To Your New Lover)” played in the background, she nuzzled Zublin’s neck and, much to her delight, Zublin not that. do not go away.

After the meeting, Bernstein invited Zublin to her home for a date, but Zublin, who had limited relationship experience, missed the cue. “This is a date,” Bernstein recalled telling Zublin. Once the confusion was cleared up, however, sparks flew and in the following months the romance blossomed between the two women as they developed a shared love of writing and similar career goals.

Then, in early 2023, over breakfast burritos in their LA apartment, Zublin asked Bernstein if she wanted to get married. This time Bernstein was the one who misunderstood and answered hypothetically. Zublin corrected her: “I was like, ‘No. Will you marry me?'”

There was a tearful yes and last month the couple tied the knot in a ceremony at the Deering Estate in Miami, all thanks to improvisation and the magic of a good Adele song.


Thank you for reading. We’ll be back tomorrow.

PS Here it is today’s mini crossword.

Soumya Karlamangla, Maia Coleman and Briana Scalia contributed to California Today. You can reach the team via CAtoday@nytimes.com.

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Six tips to help women start businesses while female entrepreneurs boost the economy https://usmail24.com/women-led-business-tips/ https://usmail24.com/women-led-business-tips/#respond Thu, 07 Mar 2024 21:10:18 +0000 https://usmail24.com/women-led-business-tips/

SISTERS do it for themselves. Today is International Women’s Day and research platform The Gender Index reports that Britain is on track to have a million women-owned businesses by 2025. 1 Neo Chatyoka created a plant-based cream to soothe her baby’s eczema after moving to BritainCredit: supplied More than 250,000 women-led businesses have been founded […]

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SISTERS do it for themselves.

Today is International Women’s Day and research platform The Gender Index reports that Britain is on track to have a million women-owned businesses by 2025.

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Neo Chatyoka created a plant-based cream to soothe her baby’s eczema after moving to BritainCredit: supplied

More than 250,000 women-led businesses have been founded in the past twelve months.

This year’s IWD theme is Inspire Inclusion, and statistics show that ethnic minority-led businesses see a higher representation of women in leadership, with one in five having a female boss.

Jill Pay of The Gender Index praised “a further step in the right direction in encouraging female entrepreneurship”.

Neo Chatyoka grew up in South Africa watching her grandmother make traditional lotions from plants.

After moving to Britain, Neo created a plant-based cream to soothe her baby’s eczema and set up her business uhurubotanicals.co.uk with just £70 worth of ingredients.

Six years later, after financing from Lloyds Bank, she has a factory in Wolverhampton and sells worldwide.

Neo, 38, said: “If you have a companyThere is so much support from friends, banks and business groups. You just have to ask.

“I also founded the Formulation Academy to educate women about product development and manufacturing.

“I work with them in a largely male-dominated industry to help women realize their passion for manufacturing.”

Do you want your own start-up? Michelle Ovens is the founder of Small Business Britain and f:Entrepreneur, which celebrates female founders.

She said: “There has been a significant increase in the number of female entrepreneurs in recent years – making vital contributions to our economy and inspiring many along the way.”

Here are Michelle’s top tips. . .

Keep a sense of humor: Starting up is brilliant but hard work, so try to keep perspective.

Find a gang: Building a support network is critical.

Now think about the finances: Most female founders don’t want to hand over control to “man in a suit” investors, but they do need financing. Draw up a two-year proposal and talk to your bank.

Get help with planning: Work with an accountant or business mentor. Be brutally honest.

To be flexible: From flexible entrepreneurship models For agile working, this mindset can help deal with unpredictable events.

LADIES, WE HAVE LIFT-OFF

ONLY five percent of airline pilots are women, but a number of initiatives are helping more women get jobs.

Captain Ruth Smith worked for British Airways for 24 years and is now a training captain, helping people realize their ambition to fly.

Here she shares her top tips on how women can build careers that are traditionally seen as masculine. . .

You can’t be a superwoman every day: Striving to be the best we can, both professionally and personally, is an important part of success, but it can be difficult to juggle it all. If we achieve in one area of ​​life, another area may slip.

That’s okay, don’t be too hard on yourself.

Believe in yourself: Stay positive, cultivate confidence and be passionate. Don’t let imposter syndrome hold you back. Rise above any gender stereotyping – you are there for a reason, so believe it.

Know your strengths and weaknesses: Be self-aware and work on self-development. Find a role that suits your strengths and makes you happy.

Support each other: A problem shared is a problem solved. You can learn from the experiences of others. Often, just being open and honest about the challenges you face will reassure you that you are not alone. More often than not, you are reminded that you are doing a fantastic job.

Stay yourself: It will be much easier to achieve success and be happy when you are your authentic self.

EVRI KLEIN HELPS

STIMULATE your career at delivery company Evri.

About 30 percent of the parcel giant’s couriers are women, but they make up just three percent of the company’s truck, LGV and van drivers, only slightly above the industry average.

Now the company is launching a range of initiatives including apprenticeships, mentorship programs and The driving Academy facilities across the country, to increase the number of female drivers in its ranks.

Lyn Warren, Chief Human Resources Officer, said: “The logistics industry has traditionally been male-dominated, but women have the talent to excel in this area.

“We remove barriers and create opportunities.”

See evri.com/driver-academy

JUST ASK, IT WILL PAY

WOMEN could miss out on pay rises because they are less assertive than men in defending their demands.

New research from employment site TopCV shows that almost two in five men boost their salary by talking during a job interview, compared to just 23 percent of women.

Similarly, two-thirds of men surveyed said they would confidently question a colleague about what they earned, while only 54 percent of women would do the same.

Amanda Augustine from TopCV said: “Our research shows a confidence gap, with women increasingly less likely to talk to themselves, even in environments like a job interview where you are expected to sell yourself.”

Vacancy spot

HOTEL and coach company DAISH’S HOLIDAYS recruits interns ranging from business administrators and customer service specialists to hospitality and operations managers. See locomotivation.co.uk for more information.

ALDI will create 5,000 jobs this year, including vacancies for store assistants, managers and cleaners. For more information and to apply, see aldirecruitment.co.uk.

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In State of the Union, Biden will encourage the economy and contrast with Trump https://usmail24.com/sotu-biden-economy-html/ https://usmail24.com/sotu-biden-economy-html/#respond Thu, 07 Mar 2024 11:37:16 +0000 https://usmail24.com/sotu-biden-economy-html/

President Biden begins his State of the Union address Thursday with an economic record that has defied forecasters’ bleak expectations, avoiding a recession while delivering stronger growth and lower unemployment than predicted. But polls show voters know relatively little about the legislation Biden signed into law that aims to stimulate the economy through spending and […]

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President Biden begins his State of the Union address Thursday with an economic record that has defied forecasters’ bleak expectations, avoiding a recession while delivering stronger growth and lower unemployment than predicted.

But polls show voters know relatively little about the legislation Biden signed into law that aims to stimulate the economy through spending and tax breaks on infrastructure, clean energy, semiconductors and more.

They remain frustrated about high prices, especially for groceries and housing, even as the rapid inflation that characterized the early years of Biden’s term has cooled. Mr. Biden has consistently followed his predecessor and likely November opponent, former President Donald J. Trump, on economic issues.

His speech on Thursday will attempt to make the case for the success of ‘Bidenomics’. Mr. Biden will begin hinting at what his agenda could deliver in a second term, including efforts to raise corporate taxes and lower housing costs, one of the most tangible examples of what Mr. Biden calls his efforts to build the economy. that gives priority to the workers and the middle class.

Mr. Biden’s State of the Union address will “discuss the historic achievements he has made for the American people and lay out his vision for the future,” Lael Brainard, chairman of the President’s National Economic Council, told reporters ahead of the speech to reporters. She highlighted recent wage increases, low unemployment and the construction of new factories, which she said were linked to Mr. Biden’s agenda.

Ms. Brainard and other administration officials said the president would seek to draw sharp contrasts with Mr. Trump on economic issues during his annual address, including on tax policy and cutting consumer costs. Mr. Biden’s aim is to portray Mr. Trump and his Republican Party as allies of the wealthy and big corporations, rather than Americans struggling with rising costs.

These contrasts include policy deviations from Mr. Trump’s legacy. Mr. Biden will propose raising the corporate tax rate to 28 percent, up from the 21 percent rate that Mr. Trump signed into law in 2017. He will also call for an increase in a new minimum tax on big companies, which Mr. Biden signed. converted into law in 2022, from 15 percent to 21 percent.

Mr. Biden will also propose ending companies’ ability to deduct compensation costs for any employee who receives more than $1 million a year.

The president’s allies in Washington differ on which economic issues he should focus on in this week’s speech. But they roundly agree that he should take credit for measures of economic strength under his watch, while promising to fight more to tame prices.

“He has economic growth, he has wage growth, inflation is coming down,” said Ellen Hughes-Cromwick, a former chief economist at the Ford Motor Company and now a senior fellow at the centrist Democratic think tank Third Way.

Mr. Biden should emphasize these trends, she said, along with the manufacturing investments spurred by his agenda. Her advice to the president is to “keep repeating” those victories.

Third Way’s latest poll in February illustrates Mr. Biden’s struggle to sell voters on his economic record. In some respects, the president’s management of the economy is as strong as — or better than — Trump’s. But these views are dogged by voters’ frustration with inflation. That poll shows respondents trust Mr. Trump over Mr. Biden by a nearly 20-point margin on the economy — and on related issues such as supporting manufacturing and lowering the cost of oil and gas.

A new group funded by Democratic donors released a poll on Wednesday suggesting that Mr Trump is vulnerable to attacks on tax policies that favor the wealthy. Blueprint’s poll found that two of voters’ top five concerns about the former president were the possibility that he would let wealthy tax cheats “off the hook” and cut taxes for wealthy but not working-class families. Trump’s 2017 tax cuts delivered much of the gain to corporations and high earners, but also cut taxes for ordinary workers.

In a memo released Thursday morning, Blueprint said its polling showed that three in five voters “say lower prices for the cost of goods and services is the aspect they would most like to see improved in the economy” – but fewer than a quarter see it as Mr. Biden’s top economic priority.

Progressive groups are also calling on Mr. Biden to aggressively target costs, blaming corporate greed, among other things, for some rising prices. They also want him to vigorously defend the power of government spending to stimulate the economy, including in crucial areas like affordable housing.

The Center for Popular Democracy, a progressive advocacy group, released a memo on Wednesday asking Mr. Biden to call for $1 trillion in new government funding to create 12 million “high-quality, permanent and deeply affordable, green homes owned by government or under democratic community control.” White House aides have not reviewed any new proposals along those lines.

Republicans have largely refuted Biden’s message, accusing him of unleashing high inflation with the spending measures he signed into law. They prepared similar attacks ahead of the State of the Union address.

“President Biden’s reckless spending agenda is a threat to our national security and the American way of life,” Republicans on the House Budget Committee said in a press release on Wednesday. “It threatens to destabilize today’s economy and deprive future generations of Americans of the blessings of freedom that make our nation exceptional.”

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Hunt attacks BBC on air, saying the presenter’s portrayal of the British economy is undignified https://usmail24.com/jeremy-hunt-attacks-bbc-for-pessimism-budget/ https://usmail24.com/jeremy-hunt-attacks-bbc-for-pessimism-budget/#respond Thu, 07 Mar 2024 09:47:21 +0000 https://usmail24.com/jeremy-hunt-attacks-bbc-for-pessimism-budget/

JEREMY Hunt this morning attacked the BBC for painting a ‘pessimistic’ picture of the British economy. The chancellor became embroiled in a row with Today program presenter Amol Rajan, accusing his reporting of being “unworthy” of the national broadcaster. 3 Jeremy Hunt became embroiled in a feud with Amol RajanCredit: i-images 3 Amol Rajan said […]

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JEREMY Hunt this morning attacked the BBC for painting a ‘pessimistic’ picture of the British economy.

The chancellor became embroiled in a row with Today program presenter Amol Rajan, accusing his reporting of being “unworthy” of the national broadcaster.

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Jeremy Hunt became embroiled in a feud with Amol RajanCredit: i-images
Amol Rajan said the economy was "buoyant at best, stagnant at worst"

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Amol Rajan said the economy was “at best drifting and at worst stagnant”Credit: Getty

They clashed live after Rajan suggested yesterday’s budget had not come “even close” to solving the country’s problems.

He said: “This is a country wracked by economic shocks – drifting at best, stagnant at worst.

“We all know its potential, but we have had seven quarters of declining GDP, which has been revised downwards.

“The birth rate is addicted to foreign labor and is collapsing. Many public services are cracking, municipalities are going bankrupt.

“Those are facts. Has your budget really come close to matching the scale of the challenges this country faces?”

Mr Hunt insisted his plan was not about “quick fixes unraveling” but about “long-term solutions”.

He then swiped: “And by the way, I think the general characterization you just gave of the British economy is unworthy of the BBC, because we have grown faster…”

Rajan stepped in to defend the company, which he said had tens of thousands of employees, before declaring: “There is no such thing as the BBC, and I am quoting facts about this country that many people feel.”

Hunt hit back: “Well, it’s unworthy of you, Amol,” before mounting a counter to his “pessimistic” presentation.

The Office for Budget Responsibility said yesterday that inflation and interest rates will fall faster than forecast this year.

The public finance watchdog also confirmed yesterday that Britain was emerging from its short-lived recession and said lower inflation and interest rates would “support a stronger recovery this year and next.”

The OBR now expects the economy to grow by 0.8 percent instead of 0.7 percent, and predicts growth will be 1.9 percent instead of 1.4 percent next year.

But it also warned that unemployed Britons are a major drag on the economy, and that net migration will remain at 315,000 in the long term.

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Reduction: You can save on the economy if you obtain edibles https://usmail24.com/reduflacion-que-es-html/ https://usmail24.com/reduflacion-que-es-html/#respond Sat, 02 Mar 2024 07:47:19 +0000 https://usmail24.com/reduflacion-que-es-html/

The edibles are not always rare. Bolsas de papas fritas llenas de air. Latas or sopa is a problem. Packets of detergent for more pequeños. The companies reduce the production of their products by reducing costs and reducing consumer comments, via Reddit a TikTok, pasando por la section of the comments of The New York […]

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The edibles are not always rare. Bolsas de papas fritas llenas de air. Latas or sopa is a problem. Packets of detergent for more pequeños.

The companies reduce the production of their products by reducing costs and reducing consumer comments, via Reddit a TikTok, pasando por la section of the comments of The New York Times, rebosan outrage at this trend, conocida como reduflación (shrinkflation in English).

The practice is not new. Sole sellers llevan you can reduce the discretion of products to reduce your precious costs, and your experts will see that you have an obvia estrategia corporativa in the month of 1988, when the marca Chock Full o’Nuts reduced the café-bote from 455 grams to 368 grams, and our competitors got the ejemplo.

The outrage is becoming more pronounced. President Joe Biden is an economist in a union video recent. (“Lo que más rabia me da es que los envases de helado han disminuido de tamaño, pero no de precio”, lamentó). The company that operates his business is hands-on with publicity activities. A Canadian Canadian presents a pizza growthflation . (“En terminos de pizza”, bromeaba el comunicado de prensa de la empresa, “una tajada más grande”).

Is it possible for the reduction of the economic perspective to work? Is it the case that the official data is not reflected in the ignition height? A follow-up to the trend and meaning of your sphere.

As a result, there are difficulties in creating, but the reduction may be some of the frequency that occurred a year later.

El gobierno de EE. UU. Adjust official ignition data to ensure a reduction in household products and data collections that monitored a year earlier in 2023.

The decrease era frequent in 2016, when headline inflation began. Since the pandemic began to become more common in 2020, and more recently in the pre-pandemic years, laboratory laboratory analysts have begun. (The economists who deal with product combinations that are in the middle of the cambio a large part of the years will approximate the comparisons with the large time lapse more closely than an exact ciencia).

Since the reduction of the tamaños cannot be produced with a frequency, the reduction has a great impact in all these categories, such as the detergents, the detergent and the high paper.

In 2019 in 2023, the reductions to 3.6 percent of product inflations as the total number of papels and high paper increased, compared to 1.2 percent percent of production in 2015 in 2019. And our last year, the contract period He has contributed to the large amount of valuable products and products.

In the case of the bocadillos, the reductions of the 2.6 percent of inflammations are approximately in line with the contribution from 2015 to 2019. The Gobier has not published an analysis of the contribution to the inflammation reduction overall from 2019 to 2023.

The propia contract is reflected in the official ignition data, but it may also be that it represents a cost to consumers and is not known in the estadística. Many companies use more material to save costs, a practical application that other people can use austerityflation. It is much more difficult to use the gobier.

If the number of paper rolls is rolled incorrectly, the number of hojas may be less (reduce), the value of the precious unit becomes the official ignition. If the paper is of the wrong kind, it is converting from bad material (austerityflation), the gobierno does not register as an inflammation.

While the food and household products are not directly adapted to the right quality of the diet and the peso. In this fashion, if the micro-round market is sold, vegetable and oleaginous oils are used, or if the salable wine is in a vase, it does not need to be notarized.

The companies choose to produce their products in an increasingly large way for a sencilla razón: consumers can earn more money with the precious products they have at home.

When the cantidad began, “there is no way that there is no menu,” confirms John Gourville, professor at Harvard Business School. “No se produce el impacto de los en la etiqueta”.

A famous one from Dannon, which only sells yogurt, is larger than its competitor Yoplait: 226 grams for and 170 grams (or more at this price). Consumers have a habit of Dannon yogurt becoming bigger and bigger and no longer know that this has become a bigger and bigger era. Ultimately, the company will do its job and reduce the weight of its business.

“Dannon’s yoga ventilation, immediately set back by the reduction in tamaño, has made a comeback,” the Times informed in 2003. “And Dannon sees a mayor who can deal with selling the yogurt he wants to sell” .

No cambios de tamaño son iguales. Some people may be subceptive, such as using a hendidura on the base of a tarro or reporting a pastilla jabón. Since the results of the consumers are particularly difficult to discover the cambios of the tamaño produced in three dimensions, Nailya Ordabayeva, the professional colleague of the entrepreneurs of Tuck from Dartmouth, confirms that they have assessed the answers of the consumers.

“The brain is a program to realize more heuristics,” explanation.

Moreover, consumers can express their preferences about accepting new offers or giving preferences to other cases. As a result, the products of the comida industry can cause them to reduce the number of calories.

Since the companies exceed their limits through their business activities – and not through their consumers – there is a time between experts and prices that entails a permanent reduction of the compradores.

Because the cost of the material is first underground and the ignition is a reality, consumers are more likely to understand that the companies are cutting through some of these expansions. It is possible that you can offer more products on the most valuable products, but there are several experts.

But now, the general inflammation is calm: in July 2022, the maximum value of 9.1 has increased, and it is reduced by 3.1 per year. Some consumers may accept the reduction in costs, while companies may experience different cost reductions, especially as corporate food supplies continue to expand – and in many cases, improve.

It could simply be that you don’t do this.

“It is true that consumers have become more and more aware of the existence of the reduflación,” Jun Yao, professor at the University of Macquarie in Australia, confirms that this trend has developed.

While more and more young people and minors on the line publish the costs of unitarios, the compradores can pay more attention to the tamaños, like Yao, while they can counter the contracts of pork in the future.

This practice can be “a counter-producer and reflect market images.”

Jeanna Smialek describes the Reserva Federal and the economy for the Washington Times. Mas de Jeanna Smialek

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