Up to one-third of British jobs could be taken over by robots by the early 2030s, impacting 10 million Britons but with women less likely to face redundancy, a UK study showed. The research, by accountancy firm PricewaterhouseCoopers LLP, found 30 percent of UK jobs could face automation compared to 38 percent in the United […]
Tag: Business
Staples Announces The Closing Of 70 Stores Nationwide
Office-supplies retailer Staples plans to close another 70 stores this year, the company said Thursday. Staples made the announcement in its fourth-quarter earnings report, in which it disclosed it lost $548 million in 2016 as sales dropped 3 percent. The company did not say which locations will be shuttered. Staples has about 75 stores in […]
Despite Trump Boasts, Job Numbers Identical To Obama
President Donald Trump on Friday flipped his approach to the government’s employment report, celebrating the kind of strong showing he dismissed as phony under President Barack Obama. The Labor Department reported that the economy created 235,000 jobs in February, above the 190,000 consensus, allowing the president to claim that business enthusiasm over his approach to […]
Ford Cancels New Plant In Mexico, Moving Production There Anyway
Ford Motor Co. announced Tuesday it has scrubbed plans to build a new $1.6 billion assembly plant in Mexico, a project that had been spotlighted by then-candidate Donald Trump, especially after Ford said it would move small car production from the U.S. into that new factory. But while the move is being hailed by some […]
Half Of Americans Want Obamacare To Stay Or Expand
Some 49% of Americans want Trump and Congress to either expand Obamacare or continue implementing the law as it is, according to a Kaiser Family Foundation poll released Thursday. Another 26% want the entire law repealed, while 17% would like the law scaled back. Trump and GOP Congressional leaders have said they plan to take […]
Numbers Climbing In Samsung Class-Action Lawsuit
Consumers angry over South Korean company’s handling of scandal and now demand compensation for the inconvenience The number of Samsung Galaxy Note 7 owners demanding compensation for the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung […]
Historically Low Raise to Social Security to Take Effect
Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. The adjustment adds up to a monthly increase of less than $4 a month for an average recipient. The […]
‘The Atlantic’ Endorses Hillary Clinton for President
In October of 1860, James Russell Lowell, the founding editor of The Atlantic, warned in these pages about the perishability of the great American democratic experiment if citizens (at the time, white, male citizens) were to cease taking seriously their franchise: One of the animating causes of this magazine at its founding, in 1857, was […]
These 14 major retailers are each closing at least 100 stores
No doubt about it, it’s a rough ride in retail right now. With the rise in online shopping, discount shopping becoming the norm and the middle class shrinking, brick-and-mortar retail is doing quite a bit of downsizing. In fact, there are about 2,500 store closings in the works across the U.S. Aéropostale, the teen clothing retailer has announced […]
River pollution puts 323m at risk from life-threatening diseases, says UN
A week before Russia’s Daldykan river was turned red by a leak from a metals plant, the UN issued a warning as chilling as it was overlooked: 323 million people are at risk from life-threatening diseases caused by the pollution of rivers and lakes. Cholera, typhoid and other deadly pathogens are increasing in more than […]