Workers at a major Tokyo department store went on strike on Thursday after talks with management over the planned sale of their company broke down, marking the first major walk-out the country has seen in decades. Some 900 workers at the flagship Seibu store in the bustling district of Ikebukuro are protesting the sale of Sogo &…
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
In the early evening on Aug. 8, businessman Dave Portnoy made a shock announcement: He had bought back 100% of his company Barstool Sports, which he had previously sold to casino operator Penn Entertainment for $551 million, effective immediately. “The regulated industry” is “probably not the best place for Barstool Sports and the type of…
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) said Saturday they were investigating a near miss between a Southwest Airlines flight and a private plane, the latest in a string of narrowly avoided accidents in the skies. The incident occurred Friday at San Diego International Airport. According to both agencies, a Cessna 560X…
“Politicians in Texas love to talk about how business-friendly the state is,” Michael Marks wrote at Texas Standard. “And for years, the data has backed that up.” Ever since CNBC started ranking America’s top states for business, Texas has been in the top five, placing first or second every year from 2008 to 2019. Skip…
Former President Donald Trump has been indicted — again. This time, he is facing federal charges related to his alleged attempts to overturn the results of the 2020 election, which eventually boiled over into the Jan. 6, 2021, attack on the U.S. Capitol. While Trump’s prior federal case, related to his alleged mishandling of classified…
‘Double discrimination’: In French soccer, being female and LGBTQ | View caption Hide caption Soccer matches that end in a brawl are relatively rare. But such offensive comments from coaches, players, and the public remain commonplace in soccer, for both women and men, in France and across Europe. Despite a new rule implemented over the…
We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…
Why EPA’s science and tech office no longer has ‘science’ in its mission Its mission statement used to describe an agency responsible for developing ‘sound, science-based standards.’ But the word ‘science’ has recently vanished. | View caption Hide caption The U.S. Environmental Protection Agency is emerging as one of the government entities most targeted by the…