Niger, Mali and Burkina Faso withdraw from West Africa economic bloc ECOWAS, citing coup sanctions, officials say
Niger, Mali and Burkina Faso withdraw from West Africa economic bloc ECOWAS, citing coup sanctions, officials say
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Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes
JERUSALEM — A liquor store has opened in Saudi Arabia for the first time in over 70 years, a diplomat reported Wednesday, a further socially liberalizing step in the once-ultraconservative kingdom that is home to the holiest sites in Islam. While restricted to non-Muslim diplomats, the store in Riyadh comes as Saudi Arabia’s assertive Crown…
Southwest Airlines pilots agree to 5-year, $12B labor deal
Southwest Airlines said Monday its pilots approved a new labor agreement, which will offer about a 50% pay raise over a five-year period. About 11,000 pilots affiliated with the Southwest Airlines Pilots Association had been negotiating for better pay, retirement benefits, disability insurance and a revised scheduling process after the contract ended in September 2020. About…
Biden to speak at United Auto Workers conference as he woos blue-collar vote in battleground states
WASHINGTON — President Joe Biden will be the keynote speaker Wednesday at a United Auto Workers’ political convention as he works to sway blue-collar workers his way in critical auto-making swing states such as Michigan and Wisconsin. Biden will speak as the union closes out a three-day gathering in Washington to chart its political priorities…
Most Americans feel they pay too much in taxes, AP-NORC poll finds
NEW YORK — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds of U.S. taxpayers say they…
Bill Ackman’s Pershing Square named one of world’s top hedge funds
Bill Ackman’s Pershing Square Capital Management has reclaimed a spot on the list of the world’s 20 best-performing hedge funds nine years after falling out of the ranking. Pershing Square claimed the 20th spot after edging out Louis Bacon’s Moore Capital Management, according to research by LCH Investments. LCH said that the New York-based fund,…
‘We’re All Climate Economists Now’
In early January in San Antonio, dozens of Ph.D. economists packed into a small windowless room in the recesses of a Grand Hyatt to hear brand-new research on the hottest topic of their annual conference: how climate change is affecting everything. The papers in this session focused on the impact of natural disasters on mortgage…