Apr 06 IMF upgrades forecast for 2021 global growth to a record 6 percent By Paul Wiseman, Associated Press The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. Continue reading
Apr 05 Labor board says Amazon illegally fired outspoken workers By Joseph Pisani, Associated Press Both employees worked at Amazon offices in Seattle and publicly criticized the company, pushing it to do more to reduce its impact on climate change and to better protect warehouse workers from the coronavirus. Continue reading
Apr 05 Watch 5:50 Oregon community raises over 400K to save family-owned amusement park By Cat Wise As the economy slowly begins to pick up, many businesses are still facing a rocky year ahead. Special correspondent Cat Wise has a story about one family-owned business, an amusement park named Enchanted Forest, that has taken one hit after… Continue watching
Apr 05 Yellen calls for minimum global corporate income tax By Christopher Rugaber, Associated Press Citing a "thirty-year race to the bottom" in which countries have slashed corporate tax rates, Yellen said the Biden administration would work with other advanced economies in the so-called G20 to set a minimum. Continue reading
Apr 04 Watch 3:17 Vinyl sales prop up independent music By Christopher Booker Even with the popularity of streaming services such as Spotify and Apple Music, last year saw a resurgence in sales of vinyl records—for the first time since 1986, there were more vinyl sold than CDs. The boost in sales couldn’t… Continue watching
Apr 03 Watch 5:57 From the financial crisis to Trump: An editor's notes on power By Christopher Booker Lionel Barber's access to world leaders over the past fifteen years has given him a front-row seat to decision-making amid what he calls ‘turbulent times’. Since leaving his longtime position at the Financial Times last year, Barber published his book,… Continue watching
Apr 02 Estimated 25 million Americans to see boost in federal food benefits By Kathleen Ronayne, Associated Press The change announced late Thursday ensures the lowest-income households can access up to $95 in additional monthly emergency food assistance benefits approved by Congress last year. Previously, people already receiving the maximum benefit amount pre-coronavirus weren't eligible for more. Continue reading
Apr 02 Florida governor issues order banning businesses from requiring 'vaccine passports' By Associated Press Florida Gov. Ron DeSantis has issued an executive order Friday banning businesses from requiring customers to show proof they've been vaccinated against COVID-19 in order to get service. Continue reading
Apr 02 Watch 5:35 Strong jobs report offers signs of hope for an economic recovery By William Brangham, Alison Thoet The U.S. Labor Department reported Friday a net gain of 916,000 jobs last month, the most since August, while the unemployment rate fell to 6 percent. The upbeat jobs report seems to confirm some economists' forecasts that the economy is… Continue watching
Apr 02 WATCH: Biden credits American people for jobs numbers By Christopher Rugaber, Associated Press President Joe Biden welcomed March job data as America’s employers unleashed a burst of hiring, adding 916,000 jobs for the month. Continue reading