Category Archives: Economy
The Latest: Variant 1st seen in UK now dominant in LA County
LOS ANGELES -- Health officials say the most common COVID-19 variant of concern circulating in Los Angeles County is now a variant discovered in the U.K.
NDP demands federal wage-subsidy clawbacks, but critics question feasibility
OTTAWA — The NDP is calling on the federal government to claw back pandemic wage subsidies handed to companies that took advantage of the cash to boost executive compensation, but economists say other paths to worker support may mark a
Infrastructure deal slips, GOP pans $1.7T White House offer
WASHINGTON (AP) — The prospects for an ambitious infrastructure deal have been thrown into serious doubt after the White House reduced President Joe Biden's sweeping proposal to $1.7 trillion but Republican senators rejected the compromise as disappoi...
EXPLAINER: Why ‘world’s pharmacy’ India is short on shots
NEW DELHI (AP) — Last year, Indian Prime Minister Narendra Modi told the United Nations his country would make enough COVID-19 vaccines “to help all humanity." Now India is struggling to meet its own domestic needs for the shots amid
Epstein guards to skirt jail time in deal with prosecutors
WASHINGTON (AP) — The two Bureau of Prisons workers tasked with guarding Jeffrey Epstein the night he killed himself in a New York jail have admitted they falsified records, but they will skirt any time behind bars under a deal
Apple CEO faces tough questions about app store competition
SAN RAMON, Calif. (AP) — Apple CEO Tim Cook described the company's ironclad control over its mobile app store as the best way to serve and protect iPhone users, but he faced tough questions about competition issues from a judge
U.S. moves to double tariffs on Canadian softwood lumber imports
CALGARY — A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood
USDA to begin paying off loans of minority farmers in June
Minority farmers who for decades have faced systemic discrimination will begin to receive debt relief beginning in early June under what Agriculture Secretary Tom Vilsack called Friday one of the most significant pieces of civil rights legislation in d...
Judge: Dakota Access line can stay open pending Corps review
BISMARCK, N.D. (AP) — A federal judge ruled Friday that the Dakota Access oil pipeline may continue operating while the U.S. Army Corps of Engineers conducts an extensive environmental review.
Alaska gains jobs but doesn’t reach pre-pandemic levels
JUNEAU Alaska (AP) — Alaska had 19,100 more jobs in April than it did the same month in 2020 but the numbers still lagged what they were before the pandemic, the state labor department reported Friday.
