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News reports from around the world.
In Philadelphia, Chinatown activists rally again to stop a 76ers arena
( ) -q-21- UNDATED (Correspondent Jeremy House) “plans were announced.”
Chinatown activists are rallying to block a planned $1.3 billion arena for the Philadelphia 76ers that recently won the support of Mayor Cherelle Parker.
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TAG: Correspondent Jeremy House reporting. Economist Victor Matheson says downtown arenas bring only a limited economic boost to city business districts.
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VERBATIM: Owners of the Sixers hope to get city council’s approval for the downtown site by year’s end so they can open the arena by 2031. Several neighborhood groups oppose the plan, fearing gridlock on game days and rising rents. Debbie Law says her family had to move its Chinatown variety store when the rent tripled after the arena plans were announced.
Senate Democrats Seek DOJ Probe Of Boeing Executives
Dems Accuse Israel Of U.S. Election Interference with War Actions
US adds a robust 254,000 jobs and unemployment dips to 4.1%
( ) -q-19- UNDATED (Correspondent Jeremy House) “high interest rates.”
America’s employers added a surprisingly strong 254,000 jobs in September.
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TAG: Correspondent Jeremy House reporting. Few employers are laying off workers, though many have grown more cautious about hiring.
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VERBATIM: Last month’s hiring gain was up sharply from the 159,000 jobs that were added in August. Meanwile, the unemployment rate dropped from 4.2% to 4.1%. The latest figures suggest that many companies are still confident enough to fill jobs despite the continued pressure of high interest rates.
Biden Will Campaign For Dem Sen.Casey In Philadelphia Next Week
President Biden’s latest student loan plan is put on hold
( ) -q-29- UNDATED (Correspondent Jeremy House) “blocking the plan.”
A federal judge in Missouri put a temporary hold on President Biden’s latest student loan cancellation plan.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The hold effectively slams the door on hope the plan would move forward after another judge allowed a pause to expire. Just as it briefly appeared the Biden administration would have a window to push its plan forward, U.S. District Judge Matthew Schelp in Missouri quickly granted an injunction blocking the plan. Six Republican-led states requested the injunction just hours earlier, after a federal judge in Georgia decided not to extend a separate order blocking the plan.
Google to stop linking to New Zealand news if new law forces a paywall
( ) -q-25- UNDATED (Correspondent Jeremy House) “with media outlets.”
Google says it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.
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Out-cue: with media outlets]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The vow to sever Google traffic to New Zealand news sites echoes strategies the firm deployed when Australia and Canada prepared to enact similar laws in recent years. It follows a surprise announcement by New Zealand’s government in July. Officials said lawmakers would advance a bill forcing tech platforms to strike deals for sharing revenue generated from news content with media outlets.
Senators ask DOJ to take tougher action against Boeing executives over safety
( ) -q-28- UNDATED (Correspondent Jeremy House) “of 346 people.”
Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives for safety issues that have impacted its airplanes.
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TAG: Correspondent Jeremy House reporting. Boeing has declined to comment.
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VERBATIM: In a letter, Democratic Senators Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut urged the department to “hold criminally accountable” executives who disregarded passenger safety in violation of federal law. The senators’ letter comes ahead of a federal hearing next week over Boeing’s agreement to plead guilty to conspiracy in connection with its 737 Max. Two of the planes crashed, killing a combined total of 346 people.
Kari Lake Within Margin Of Error To Flip Arizona Senate Seat For GOP
Poll: Senator Rick Scott Leads Democrat Opponent By Six Points
ChatGPT maker OpenAI raises $6.6 billion in fresh funding
( ) -q-22- UNDATED (Correspondent Jeremy House) “on our mission.'”
OpenAI says it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: Led by venture capital firm Thrive Capital, the funding round is backed by tech giants Microsoft, Nvidia and SoftBank. That’s according to a source familiar with the funding who was not authorized to speak about it publicly. OpenAI says the funding will give it a market value $157 billion and “accelerate progress on our mission.”
Amazon, Target and other retailers are ramping up hiring for the holidays
( ) -q-24- UNDATED (Correspondent Jeremy House) “Works and Target.”
Retailers are ramping up hiring for the holiday season.
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TAG: Correspondent Jeremy House reporting. Meanwhile, Kohl’s has encouraged people to apply for positions but stayed silent on its plans. Walmart says it’s been hiring store associates throughout the year and will tap into its own staff when needed during the busy season.
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VERBATIM: Fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon says it will hire 250,000 full, part-time and seasonal workers for the shopping period. Seattle-based Amazon is hiring the same number of employees it did last year, similar to Bath & Body Works and Target.
US bans new types of goods from China over allegations of forced labor
( ) -q-22- UNDATED (Correspondent Jeremy House) “claims as lies.”
The Department of Homeland Security has announced that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The agency has accused the companies of being involved in the use of forced labor from China’s far-west region of Xinjiang. The action broadens the scope of a U.S. government effort to clean up supply chains. It also comes under a federal law that President Joe Biden signed at the end of 2021. The Chinese government has refuted the claims as lies.
More Americans file for jobless benefits last week, but layoffs low
The number of Americans applying for unemployment benefits rose modestly last week.
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Out-cue: to 224-thousand, 250]
TAG: Correspondent Jeremy House reporting. The report said that the total number of Americans collecting jobless benefits was down by 1,000 to about 1.83 million for the week of September 21st.
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VERBATIM: The Labor Department reports applications for jobless claims rose by 6,000 to 225,000 for the week of September 28th. It was slightly more than the 221,000 analysts were expecting. The four-week average of claims, which evens out some of weekly volatility, fell by 750 to 224,250.
Matt Continetti: It May Be Time For Israeli Ground Offensive In Lebanon
Bi-Partisan Bill Will Build “Ships For America”.
Blinken Defies House Subpoena On Botched Afghanistan Withdrawal
Manchin Won’t Endorse Harris Over Plans To End Filibuster
Strike by more than 1,000 Samsung workers enters a third week in India
( ) -q-24- UNDATED (Correspondent Jeremy House) “the workers’ demands.”
A strike by more than 1,000 workers at a Samsung India Electronics plant has entered its third week.
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TAG: Correspondent Jeremy House reporting. Samsung said that it paid 1.8 times more in India than the average salary of similar workers employed at other regional companies.
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VERBATIM: Management is at an impasse over workers’ demands for recognition of the employees’ union and higher pay. Samsung India Electronics workers union spokesman said that the employees’ strike at the plant near the southern city of Chennai started with a key demand for a 25-30% pay hike in the average monthly salary. A Samsung official says management was prepared to discuss the workers’ demands.
Cambodia hopes a new canal will boost trade. But it risks harming the Mekong that feeds millions.
( ) -q-28- UNDATED (Correspondent Jeremy House) “third-largest rice producer.”
Cambodia has broken ground to build a $1.7 billion, China-funded canal to eventually link its capital Phnom Penh to the Gulf of Thailand.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: The hope is that the 110 mile-long canal will cut transport costs and reduce dependence on Vietnamese ports. Cambodia’s plans to build the massive canal linking the Mekong to a port on on its own coast on the Gulf of Thailand are raising alarm that the project could devastate the river’s natural flood systems. They could also worsen droughts and deprive farmers on the delta of the nutrient-rich silt that has made Vietnam the world’s third-largest rice exporter.
Australia’s treasurer will visit China this week in the latest sign that bilateral ties are mending
( ) -q-24- UNDATED (Correspondent Jeremy House) “Morrison in 2017.”
Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: It’s the latest sign that strained bilateral relations are mending. Chalmers flies to Beijing on Thursday for a two-day visit. Chalmers says the main purpose of his visit is to co-chair the Australia-China Strategic Economic Dialogue with the chair of China’s National Development and Reform Commission. The last Australian treasurer to China was Scott Morrison in 2017.
VP Harris Calls For Ending Senate Filibuster On Abortion Legislation
Almost all small businesses are using an AI-enabled software tool
( ) -q-25- UNDATED (Correspondent Jeremy House) “frees up time.”
More small firms say they’re harnessing AI to help their businesses.
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TAG: Correspondent Jeremy House reporting.
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VERBATIM: In a survey by The U.S. Chamber of Commerce and Teneo (teh NAY oh), nearly every small business said they are utilizing a tool that is enabled by AI. Forty percent said they’re using generative AI tools like chatbots and image creation, nearly double from last year’s survey. Small business owners say finding the right AI tools helps them save on personnel costs and frees up time.
American consumers are feeling less confident as job worries mount
( ) -q-27- UNDATED (Correspondent Jeremy House) “the near future.”
American consumers are feeling less confident this month and concerns about jobs rose significantly.
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Out-cue: the near future]
TAG: Correspondent Jeremy House reporting. Consumers’ view of current conditions fell to 124.3 in September from 134.3 last month. The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
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VERBATIM: The Conference Board says its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021. The measure of Americans’ short-term expectations for income, business and the job market fell to 81.7 from 86.3 in July. A reading under 80 can signal a potential recession in the near future.