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Monthly Archives: September 2022

Liverpool workers to strike again absent deal on wages, inflation

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Dockers at Britains fourth-biggest container port voted unanimously to reject their employers latest pay offer — and walk off the job for two weeks in a strike …

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Biden approves $1.1 billion in security assistance for Ukraine

Ukrainian troops fire with surface-to-surface rockets MLRS towards Russian positions at a front line in the eastern Ukrainian region of Donbas on June 7, 2022. Aris Messinis | Afp | Getty Images WASHINGTON – The Biden administration announced $1.1 billion in additional security assistance for Ukraine on Wednesday, bringing U.S. commitment to more …

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Hurricane Ian making landfall near Sanibel, Captiva Islands, Florida

Hurricane Ian approaches west coast of Florida on Sept. 28th, 2022. NOAA Hurricane Ian is making landfall over the west coast of Florida, according to Gov. Ron DeSantis on Wednesday afternoon. The storm greatly intensified as it neared land, reaching winds of 155 mph and nearing the most dangerous Category …

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West Coast port labor battle tensions rise between unions, management

Shipping containers at the Port of Seattle. Patti Domm | CNBC Tensions are rising in West Coast port labor battles as unions and port management trade accusations about worker productivity and the awarding of job assignments. The International Longshore and Warehouse Union has been accused of using slowdown tactics that …

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IRS erred on child tax credit payments for millions of families

The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately …

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10-year yield touches 4% then falls on Bank of England bond-buying plan

The benchmark 10-year Treasury briefly topped 4% on Wednesday before falling after the Bank of England announced a bond-buying plan to stabilize the British pound. The yield on the 10-year Treasury hit a high of about 4.019%, or the highest level since October 2008, earlier in the session before erasing …

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What legal challenge to student loan forgiveness means for borrowers

Porquenostudios | Istock | Getty Images A lawyer working for a conservative legal group this week brought the first legal challenge to President Joe Biden’s sweeping plan to cancel up to $20,000 in student debt for millions of Americans. “Nothing about loan cancellation is lawful or appropriate,” Frank Garrison, an …

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Climate Club to help employees track emissions; Facebook a customer

Adam Braun and Philip Charm, co-founders of Climate Club Photographer is Bonnie Rae Mills, photo courtesy Adam Braun Adam Braun’s first two entrepreneurial ventures had to do with education. First, he launched Pencils of Promise in 2008, a nonprofit organization that has started more than 500 schools in Ghana, Guatemala, …

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UK already in a full-year recession as Europe faces tough winter, S&P says

Foreign currency exchange rates are displayed in Fleet Street for the benefit of travellers to the UK, on 27th September 2022, in London, England. Richard Baker | In Pictures | Getty Images LONDON — The U.K. is already in the throes of a full-year recession, according to S&P Global Ratings, …

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Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s aggressive tightening measures will tip the U.S. economy into a recession. “Our central case is a hard landing by the end of ’23,” Druckenmiller said at CNBC’s Delivering Alpha Investor Summit in New York City Wednesday. “I will be stunned if we don’t have …

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