President Obama Tuesday will veto a GOP-backed resolution that would overturn a National Labor Relations Board rule making it easier for workers to hold union-organizing elections, his second veto since Republicans took control of the Senate in January.
Business & Economy
The rush to join the China’s new development bank for Asia has become a stampede, with even longtime U.S. allies such as Georgia, South Korea, Australia and even Taiwan now saying they are ready to join despite the clear reservations of the Obama administration.
A new survey released Monday by the seniors’ lobby AARP has some disheartening results for workers aged 45 to 70 who find their way back into the labor force after a layoff or an extended period without a job. The new post, in many cases, can’t match the pay and benefits of the old one.
Kraft Foods is the latest in a long line of acquisitions by a private equity firm whose budget-cutting initiatives are so aggressive that employees complain they’re asked to justify the cost of a photocopy. Now some politicians and 2016 GOP potential presidential contenders are imaging a world where the U.S. federal government is asked to do the same.
“When I was at the Federal Reserve, I occasionally observed that monetary policy is 98 percent talk and only two percent action,” observes Ben Bernanke, who served as chairman of the Federal Reserve from 2006 to 2014. The economist may encounter a different landscape now that he’s agreed to write a blog for the Brookings Institution, where he is a fellow.