A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years.
Goldman Sachs Chief U.S. economist David Mericle outlined the probability of a recession at an event Tuesday and said that the likelihood of a recession would decrease if the U.S. had not entered one within two years.
California truckers are protesting across the state to express their disapproval of Assembly Bill (AB) 5, a new law backed by unions that reclassifies them as employees rather than independent contractors and could send shockwaves through an already-stressed supply chain.
The regulation was partly enacted to protect gig workers at companies like Uber and Lyft that hire independent contractors in large numbers without affording them the benefits given to employees, but will complicate or render illegal the current employment status of many of California’s approximately 70,000 independent truck owner-operators, The Wall Street Journal reported. The law will likely force some truckers out of the industry, thus lowering shipping capacity and raising prices for transporting cargo in the Golden State at a time when California ports have already experienced major supply-chain bottlenecks during the COVID-19 pandemic, CalMatters reported.
Mega coffee chain Starbucks on Thursday praised an Arizona federal judge’s decision not to reinstate several former employees who argued they lost their positions for helping to organize a labor union in their coffee shop.
The decision was handed down Wednesday by U.S. District Judge John Tuchi in a Phoenix district court.
The Walt Disney Company is staying silent following reports it helps the children of its employees with sex change procedures through its benefits program.
A leaked video shared by Manhattan Institute senior fellow Christopher Rufo Thursday purportedly showed a Disney internal meeting in which a man explained Disney’s efforts to help employees “express their gender” at the company. Disney has not publicly addressed its efforts to help employees medically transition their children to the opposite sex following the release of the video, and did not respond to multiple requests for comment from the Daily Caller News Foundation.
The George Washington University’s president publicly apologized Friday for a fall 2021 surveillance pilot program that tracked students’ and employees’ locations on campus without their consent.
“I write to inform you of a data analytics pilot program that took place on the university campus during the Fall 2021 semester, and to apologize on behalf of the university for the failure to inform you in advance of commencing this project,” Mark S. Wrighton wrote.
American corporation General Electric this week announced that it would no longer require its 56,000 employees to undergo either the COVID-19 vaccination or regular testing after the Supreme Court struck down the White House’s employer vaccine mandate.
The company suspended its enforcement of that policy on Friday, one day after the court said the Biden administration could not force large U.S. companies to require vaccinations for their employees.
President Joe Biden has urged companies to continue with their own personal mandates after his administration’s own efforts were stymied by the Supreme Court.
United Airlines employees who have been granted exemptions to the company’s COVID-19 vaccine mandate are allegedly being placed on indefinite unpaid leave, unable to seek employment elsewhere within the industry, access their 401(k) retirement savings, or file for unemployment.
United Airlines Capt. Sherry Walker, who has been placed on indefinite unpaid leave, told Just the News that United employees seeking reasonable accommodation regarding the company’s vaccine mandate for religious or medical reasons are being placed on indefinite unpaid leave and cannot leave their job for another airline because of the noncompete clause in their contracts.
Walker is cofounder of Airline Employees 4 Health Freedom (AE4HF), which represents 4,000 airline employees, about half of whom are with United.
The city of Phoenix will offer bonuses up to $2,000 to vaccinated city employees, costing the city between $25 million to $29 million.
The Phoenix City Council voted, 6-3, this week to approve the bonuses, which will go out to full and part-time employees by Jan. 18. City employees who do not have the option to work remotely already were set to receive $500 bonuses from American Rescue Plan Act funds.
Councilmembers decided to grant an additional premium bonus to those same employees if vaccinated.
Boeing Friday said it has suspended its requirement that U.S.-based employees be fully vaccinated or face losing their jobs.
The announcement comes as several attempts by President Joe Biden to require vaccinations for workers in various settings have been blocked by courts in recent weeks.
“Boeing is committed to maintaining a safe working environment for our customers, and advancing the health and safety of our global workforce,” a company spokesperson told KOMO News. “As such, we continue to encourage our employees to get vaccinated and get a booster if they have not done so. Meanwhile, after careful review, Boeing has suspended its vaccine requirement in line with a federal court’s decision prohibiting the enforcement of the federal contractor executive order and a number of state laws.”
President Joe Biden’s administration put a policy in place that requires all employees in a federal education program to get the COVID-19 vaccine, which program directors argue will have a detrimental effect on Montana’s programs that assist underserved communities in the state.
If enforced, the requirement will have a negative impact on Montana’s Head Start program, according to program directors and information provided to the Daily Caller News Foundation by the state’s Department of Justice (DOJ). The Department of Health and Human Services (HHS), along with the White House, has mandated the vaccine for teachers and staff who work for Head Start and Early Head Start programs nationwide.
Head Start includes preschool programs for 3 and 4-year-old children, while Early Head Start programs are for infants, toddlers and pregnant women to “promote the school readiness of children ages birth to 5 from low-income families by supporting their development in a comprehensive way,” according to its website.
Several large U.S. hospital systems have dropped their COVID-19 vaccine requirements for employees in the wake of a U.S. district court’s temporary halt of the Biden regime’s vaccine mandate for healthcare workers.
After months of protests, the mandate forced thousands of hospital employees to either resign, or be terminated because of their refusal to get vaccinated.
Louisiana-based federal Judge Terry Doughty issued a preliminary injunction on November 30, blocking the federal government from mandating the experimental injections for workers at Medicare or Medicaid-funded healthcare facilities in 40 states.
The majority of Americans believe the threat of the coronavirus is getting less serious, and a plurality believe President Joe Biden and government health officials like Dr. Anthony Fauci don’t want lockdowns to end, according to a new poll conducted by the Convention of States Action in partnership with The Trafalgar Group.
“Despite the fact that Big Media and Big Tech are working tirelessly to suppress the truth, this poll reveals that most Americans aren’t fooled in the least,” Mark Meckler, president of Convention of States Action, said. “They clearly see that the pandemic is on a downward trend, and they also understand that President Biden and Dr. Fauci have no intention of easing restrictions and mandates,””
According to the poll, 63.1% of likely voters believe the threat of the coronavirus is getting less serious, with 25.9% saying it’s much less serious, compared to 26.1% who say it’s getting more serious. Nearly 11% said they weren’t sure.
Major tech companies are continuing to require their employees to be vaccinated at their Texas facilities, in violation of Gov. Greg Abbott’s executive order banning all vaccine mandates.
Abbott signed an executive order on Oct. 11 prohibiting “any entity,” including private businesses, government contractors and local schools, from imposing a requirement that employees be vaccinated as a condition of employment. However, Google, Facebook, HPE, Twitter and Lyft have yet to lift their vaccine mandates in response to the order, Protocol first reported.
HPE spokesman Adam Bauer confirmed the company had not changed its vaccine policy, and told the Daily Caller News Foundation that the company was making “vaccination a condition of employment for U.S. team members to comply with President Biden’s executive order and remain in good standing as a federal contractor.”
After filing the first lawsuit in the country against President Joe Biden over his sweeping business COVID-19 vaccine mandate, Arizona Attorney General Mark Brnovich next signed onto a letter with 23 other attorneys general to Biden listing their objections, including non-legal ones. The attorneys general stress that the mandate will drive healthcare workers out of hospitals where they are desperately needed. If Biden does not reverse course, the 24 threaten to sue the administration.
“President Biden’s vaccine mandate lacks both legal authority and integrity,” Brnovich said in a statement. “I am proud to stand alongside my colleagues to push back on this assault on state sovereignty and the liberties of Americans.”
New polling shows that the majority of Americans do not approve of President Joe Biden’s new vaccine mandate.
Biden announced the mandate last week, which includes requirements that any business with more than 100 employees ensure they are vaccinated or be tested weekly. Biden’s announcement included a range of other federal rules that are estimated to affect 100 million Americans.
Opponents of minimum wage laws tend to focus their criticism on one particular adverse consequence: by artificially raising the price of labor, they reduce employment, particularly for the most vulnerable in society.
“Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers,” economist Murray Rothbard wrote in 1978. “Because a minimum wage, of course, does not guarantee any worker’s employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
Though some economists, such as Paul Krugman, reject Rothbard’s claim, a recent study found the overwhelming body of academic research supports the idea that minimum wage laws increase unemployment.