On November 17, General Motors became the first of
the Big 3 automakers in the United States to end a
weeks-long labor dispute with the United Auto Workers.
.
On November 17, General Motors became the first of
the Big 3 automakers in the United States to end a
weeks-long labor dispute with the United Auto Workers.
.
ABC reports that the agreement ends part of a
strike involving tens of thousands of autoworkers.
The union voted to ratify the contract
by a narrow margin of 55% to 45%.
.
While top union officials have
called the contract historic, a sizable minority
of GM employees rejected the agreement.
.
Shortly after the union reached
a deal with GM, employees at Stellantis
also voted to approve new labor contracts.
ABC reports that another tentative deal at Ford
appears to be headed toward approval.
The new contracts reportedly include a record 25%
raise spread across four years, in addition to pension
improvements and the right to protest plant closures.
The deals have been praised by President Joe Biden,
who said he hoped the new contracts will inspire a wave
of unionization across the automobile industry.
The deals have been praised by President Joe Biden,
who said he hoped the new contracts will inspire a wave
of unionization across the automobile industry.
I'm a little selfish.
I want this type
of agreement for
all auto workers, Joe Biden, President of the United States, via ABC.
I'm a little selfish.
I want this type
of agreement for
all auto workers, Joe Biden, President of the United States, via ABC.
UAW President Shawn Fain called the new
labor contracts a victory not only for autoworkers
but also for the working class as a whole.
.
UAW President Shawn Fain called the new
labor contracts a victory not only for autoworkers
but also for the working class as a whole.
These Are the World's , Top Polluters , Heading Into COP28.
Using data from the EU's Emissions Database for Global
Atmospheric Research 2023, 'The Independent' recently revealed
the greenhouse gas (GHG) emissions for every country.
In 2022, China was the world's biggest GHG producer,
generating over 25% of total global emissions.
China's share of the world's annual GHG emissions has
doubled over the past 20 years as a result of
rapid economic growth and industrial development.
China's share of the world's annual GHG emissions has
doubled over the past 20 years as a result of
rapid economic growth and industrial development.
China's 2060 goal to reach net zero emissions
would make it one of the last 10 countries
to achieve zero emissions globally. .
'The Independent' reports that the United States
is the world's second-largest GHG producer,
emitting more than 6 billion tons in 2022.
'The Independent' reports that the United States
is the world's second-largest GHG producer,
emitting more than 6 billion tons in 2022.
In November, U.S. President Joe Biden and
China's President Xi Jinping vowed to accelerate
their countries' efforts to combat climate change. .
In November, U.S. President Joe Biden and
China's President Xi Jinping vowed to accelerate
their countries' efforts to combat climate change. .
The world's two biggest emitters of GHG
agreed to reduce methane and other emissions. .
Cooperation between the U.S. and China is viewed
as critical to meeting the climate goals of the COP28.
In a joint statement released after their meeting, Biden and Xi said that
both countries “are aware of the important role they play” and “will work
together... to rise up to one of the greatest challenges of our time.” .
'The Independent' reports that India is
the world's third-largest producer of GHG,
with approximately 7% of total global emissions.
'The Independent' reports that India is
the world's third-largest producer of GHG,
with approximately 7% of total global emissions
Credit: Wibbitz Top Stories Duration: 01:31Published
Wolverines Threatened With Extinction , Receive Federal Protection.
On November 29, the Biden administration
released a proposal to give the North American
wolverine long-delayed federal protections.
ABC News reports that the proposal comes following warnings by scientists that climate change is likely
to destroy the rare species' snowy mountain habitat.
By the early 1900s, wolverines had been mostly
wiped out across the U.S. as a result of
unregulated hunting and poisoning campaigns.
An estimated 300 surviving wolverines continue
to live in the contiguous U.S. in isolated groups at
high elevations in the northern Rocky Mountains.
Increasing temperatures are expected
to reduce the mountain snowpack, which
wolverines rely on to birth and raise their cubs.
The U.S. Fish and Wildlife Service's decision to protect
wolverines comes after over two decades of debate
regarding threats to the species' long-term survival.
According to officials, the new protections are , “due primarily to the ongoing and increasing
impacts of climate change and associated
habitat degradation and fragmentation.”.
ABC reports that wolverines, which resemble
small bears, are the world's largest
species of terrestrial weasels.
A 2020 lawsuit against the Fish and Wildlife Service claimed
that wolverines face extinction due to a combination of
climate change, habitat loss and low genetic diversity. .
Scientists have suggested that some of the species'
losses could be offset if wolverines are allowed to
recolonize in areas like California's Sierra Nevada
Credit: Wibbitz Top Stories Duration: 01:31Published
Rodrigo Duterte advocated for pro-China policies. However, Ferdinand Marcos Jr.'s presidency brought a shift, aiding the U.S. against China's influence. Biden's engagement with Marcos marks a strategic reset, highlighted by joint naval drills challenging China in the region. The U.S. aims to strengthen ties with the Philippines to counter China's expanding dominance.
#Philippines #Bongbongmarcosjr. #Biden #SouthChinasea #JoeBiden #USpolicy #Worldnews #Oneindia #Oneindianews
~ED.194~
Nasa administrator Bill Nelson said here that the US was ready to collaborate with India in building the country's first space station , if it so desires. Nasa.. IndiaTimes
Donald Trump Takes Aim at , US Healthcare , Ahead of Possible Election Showdown.
Associated Press (AP) reports that former President
Donald Trump has threatened to reopen his fight against
the Affordable Care Act if elected to a second term.
Trump, who failed to repeal the healthcare
legislation while in the White House,
said he is “seriously looking at alternatives.".
In response, the Biden administration released a
statement contrasting Trump's comments with
the current president's efforts to lower drug costs.
In response, the Biden administration released a
statement contrasting Trump's comments with
the current president's efforts to lower drug costs.
Donald Trump is
campaigning on a threat to
rip away health care from millions of Americans, , Michael Tyler, Biden campaign communications director,
via Associated Press.
so we’re going to use every
tool in our arsenal to make sure the
American people know that lives are
literally on the line next November, Michael Tyler, Biden campaign communications director,
via Associated Press.
AP reports that the topic could become
a key issue in a potential general election
rematch between Biden and Trump. .
AP reports that the topic could become
a key issue in a potential general election
rematch between Biden and Trump. .
The Biden administration has launched new advertising
campaigns focused on healthcare in battleground
states to motivate undecided Democratic voters. .
The Biden administration has launched new advertising
campaigns focused on healthcare in battleground
states to motivate undecided Democratic voters. .
Donald Trump’s America is one
where millions of people lose their
health insurance and seniors and
families across the country face
exorbitant costs just to stay healthy. , Ammar Moussa, Biden-Harris 2024
spokesperson, via Associated Press.
Those are the stakes
next November, Ammar Moussa, Biden-Harris 2024
spokesperson, via Associated Press.
Trump posted on his Truth Social
site defending his decision to fight for
the repeal of the Affordable Care Act.
The cost of Obamacare
is out of control, plus,
it’s not good Healthcare.
I’m seriously looking at alternatives. , Donald Trump, Former U.S. President, via Truth Social
Credit: Wibbitz Top Stories Duration: 01:30Published
GM Outlines , $10 Billion Stock Buyback.
On Nov. 29, General Motors (GM) said that the recent UAW strike deal will cost the company $9.3 billion. .
The company also said it would initiate $10 billion
in share buybacks, a dividend increase of 33%
and "substantially lower" spending at Cruise,
its autonomous vehicle division, Reuters reports. .
The company also said it would initiate $10 billion
in share buybacks, a dividend increase of 33%
and "substantially lower" spending at Cruise,
its autonomous vehicle division, Reuters reports. .
The company's stock price has suffered this year due to the strikes and issues with its self-driving Cruise vehicles, which have been documented in a number of accidents.
The company's stock price has suffered this year due to the strikes and issues with its self-driving Cruise vehicles, which have been documented in a number of accidents.
GM lowered 2023 profit expectations
as a result of the strikes as well.
When taking into account lost
production and terms of the UAW deal,
GM expects to lose $1.3 billion in 2023.
GM CEO Mary Barra outlined the company's
plans in an investor conference call.
Now that we have a ratified contract
and a clear path forward that includes
greater operating investment
efficiencies, we can resume returning
capital to shareholders per our plan, GM CEO Mary Barra, via investor conference call.
Our cash balance, which is well above our
target, is a function of our recent record
profits and our prudent management of
resources through the pandemic, supply
chain disruptions and labor negotiations, GM CEO Mary Barra, via investor conference call.
At the time of the investor call, shares were
close to $28, which is 15% less than the
company's IPO price in 2010
Credit: Wibbitz Top Stories Duration: 01:30Published
UAW Strike , Expands to Another Plant.
The United Auto Workers (UAW) union
has taken its strike to a plant that produces
Ram 1500 trucks, NBC News reports.
6,800 more employees have stopped working.
Ram 1500 trucks are one of
Stellantis' most profitable vehicles. .
The strike's expansion comes after UAW President Shawn Fain accused Stellantis of "trying to lowball and undercut us" with weaker negotiations than what was put forth by Ford and GM.
In total, approximately 40,000 UAW employees are currently on strike.
They are striking for better pay, shorter work weeks, better pension and health care programs, cost-of-living-adjustments and more.
The walkout began on Sept. 15.
Last week, Ford Executive Chair Bill Ford
called the strike a threat to not only his company, but to the American auto industry.
This should not be Ford versus the
UAW. It should be Ford and the UAW
versus Toyota and Honda, Tesla and
all the Chinese companies that want
to enter our home market, Bill Ford, Ford Executive Chair, via statement.
Fain responded by saying, "It's not the UAW and Ford against foreign automakers. It’s autoworkers everywhere against corporate greed."
Credit: Wibbitz Top Stories Duration: 01:30Published
GM and Honda to Launch , Cruise Robotaxis in Japan.
The three companies made the announcement
on Oct. 18, TechCrunch reports.
We see a huge opportunity in Japan,
as it has the potential to be one of the largest AV markets in the world given the current high demand for taxis, GM CEO Mary Barra, via statement.
The region also has a growing need for new forms of transportation, with driver shortages and an increasing need for accessible forms of transportation, GM CEO Mary Barra, via statement.
"Custom-built Cruise Origin vehicles" are
slated to hit central Tokyo by early 2026.
Eventually, the fleet will expand beyond
Tokyo and consist of 500 vehicles.
The Cruise Origin is the result of a multi-year
partnership with GM and Honda, TechCrunch reports.
It was unveiled at the beginning of 2020.
Our three companies developed the Origin together because we know it takes strong, dedicated companies with unique skillsets and a clear vision partnering on one common goal, GM CEO Mary Barra, via statement.
Meanwhile, the National Highway Traffic Safety Administration (NHTSA) recently launched
"an investigation into Cruise's autonomous
vehicle system," TechCrunch reports.
Several pedestrians in San Francisco have been hit
by the company's vehicles, TechCrunch reports.
The investigation comes following reports that the vehicles
"may not have exercised appropriate caution around pedestrians in the roadway," the agency said.
Credit: Wibbitz Top Stories Duration: 01:30Published
UAW Reaches , Tentative Agreement With Ford.
United Auto Workers (UAW) President
Shawn Fain made the announcement
on Oct. 25, CBS News reports. .
Today we reached a tentative agreement with Ford. For months, we've said that record profits mean record contracts. And UAW family, our Stand Up Strike has delivered, Shawn Fain, UAW President, via X.
Jim Farley, Ford CEO and president,
also confirmed the tentative deal.
We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations, Jim Farley, Ford CEO and president, via statement.
President Biden issued a statement as well.
I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight, President Joe Biden, via statement.
This tentative agreement is a testament to the power of employers and employees coming together to work out their differences at the bargaining table in a manner that helps businesses succeed while helping workers secure pay and benefits they can raise a family on and retire with dignity and respect, President Joe Biden, via statement.
Under the new deal, UAW
Vice President Chuck Browning said, .
"UAW members at Ford will receive
more and straight general wage increases
over the next four-and-a-half years than
we have over the last 22 years combined.".
Over the course of the contract, temporary workers
would see wage increases of over 150%.
Union workers would also reserve the "right to
strike over plant closures," CBS News reports. .
Now, Ford's 75,000 UAW workers
must approve the deal
Credit: Wibbitz Top Stories Duration: 01:30Published
UAW Strikes Escalate, Forcing, Ford's Largest Factory to Close.
Associated Press reports that the
United Auto Workers (UAW) union has escalated walkouts against Detroit's three largest automakers.
The extended strikes have shut down
Ford's largest factory, while threatening
to close Jeep maker Stellantis. .
On October 11, an additional 8,700
workers left their jobs at Ford's
Kentucky truck plant in Louisville. .
The next day, union President
Shawn Fain suggested further strikes
would take place against Stellantis.
The next day, union President
Shawn Fain suggested further strikes
would take place against Stellantis.
Here’s to hoping talks
at Stellantis today are more
productive than Ford yesterday, Shawn Fain, President of the
United Auto Workers union, via X.
Here’s to hoping talks
at Stellantis today are more
productive than Ford yesterday, Shawn Fain, President of the
United Auto Workers union, via X.
The Ford truck plant impacted by the latest
strike produces heavy-duty F-Series pickups,
as well as larger Ford and Lincoln SUVs. .
AP reports that those vehicles are some of the
automaker's most lucrative products, with Ford stating
the plant generates $25 billion in revenue per year.
According to a statement by Fain,
the union has waited patiently, , "but Ford hasn't gotten the message.".
If they can’t understand that
after four weeks, the 8,700
workers shutting down this
extremely profitable plant
will help them understand it, Shawn Fain, President of the
United Auto Workers union, via X.
If they can’t understand that
after four weeks, the 8,700
workers shutting down this
extremely profitable plant
will help them understand it, Shawn Fain, President of the
United Auto Workers union, via X
Credit: Wibbitz Top Stories Duration: 01:30Published
Amy Robach and T.J. Holmes have been out in public together a lot since getting the boot from their morning anchor jobs -- but never quite like this ... and boy,.. TMZ.com
Labor Market Remains Strong as, Unemployment Claims , Continue to Fall.
ABC reports that the number of applications for
unemployment in the United States fell sharply
last week, signaling a resilient job market. .
On November 22, the Labor Department
reported that jobless claims had
fallen by 24,000 to reach 209,000.
The week before saw the number
reach 233,000, the highest it
has been since August. .
The latest numbers also show
the four-week moving average
fell by 750 to reach 220,000.
ABC reports that the numbers
remain historically low, signaling
high job security for U.S. workers. .
ABC reports that the numbers
remain historically low, signaling
high job security for U.S. workers. .
For the week ending November 11, the total number
of Americans collecting unemployment benefits was
at 1.84 million, down 22,000 from the week before.
For the week ending November 11, the total number
of Americans collecting unemployment benefits was
at 1.84 million, down 22,000 from the week before.
But job growth remains strong,
the unemployment rate remains
historically low, and businesses
have yet to start reducing their
workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at
High Frequency Economics, via ABC.
But job growth remains strong,
the unemployment rate remains
historically low, and businesses
have yet to start reducing their
workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at
High Frequency Economics, via ABC.
We expect some softening in labor
demand going forward as the effects
of restrictive monetary policy spread
more broadly through the economy, Rubeela Farooqi, Chief U.S. economist at
High Frequency Economics, via ABC.
ABC reports that the combination of a resilient job market
and falling inflation has increased hope that the
Federal Reserve will end its recent rate-hiking campaign. .
ABC reports that the combination of a resilient job market
and falling inflation has increased hope that the
Federal Reserve will end its recent rate-hiking campaign. .
The Fed has raised its benchmark interest rate
eleven times since March of 2022 in an attempt to
slow the economy while also preventing a recession.
Credit: Wibbitz Top Stories Duration: 01:31Published
Government Boosts Program , to Offer Households Additional , Free COVID Tests.
ABC reports that the government will offer households
an additional four free COVID-19 tests ahead of the
approaching holiday season and a potential rise in cases.
The offer, available at covidtests.gov,
is one of the last remaining ways for people
in the U.S. to obtain free at-home rapid tests. .
Last spring, the end of the public health
emergency also ended insurance companies'
requirement to provide eight tests per month. .
Based on data from the Centers for Disease Control and
Prevention, health officials have anticipated a similar
number of hospitalizations in 2023 as there were last year.
In 2022, hospitalizations peaked
at almost 45,000 per week. .
In September, the government relaunched
its test ordering site, offering
four tests for every household. .
The government has now offered an
additional four tests, bringing the total number
of at-home tests to eight per household.
The Administration for Strategic Preparedness
and Response (ASPR) says that about 14.5 million
households have ordered tests since the site
relaunched, equalling 58 million free tests distributed. .
Health officials have said that the tests are
meant to help people prepare for gatherings,
particularly with those more vulnerable to COVID.
We're going to see families gather
with older loved ones and younger
loved ones and it's important that
they are able to protect their loved
ones from COVID as we head
into the winter months, Dawn O'Connell, Head of ASPR, via ABC.
We're going to see families gather
with older loved ones and younger
loved ones and it's important that
they are able to protect their loved
ones from COVID as we head
into the winter months, Dawn O'Connell, Head of ASPR, via ABC
Credit: Wibbitz Top Stories Duration: 01:27Published
Ukraine Says Dwindling , Supply of Munitions Is, Limiting Military Capabilities.
Ukrainian President Volodymyr Zelensky
recently told reporters that deliveries of
munitions to Ukraine have "really slowed down.".
Ukrainian President Volodymyr Zelensky
recently told reporters that deliveries of
munitions to Ukraine have "really slowed down.".
ABC reports that 155 mm artillery shells have
proven to be one of Ukraine's most
important munitions in its war against Russia.
On November 16, Western officials agreed with
estimates that Russia is currently producing
about one million artillery shells every day.
Despite ramping up production, 'The Economist'
predicts that the United States will only produce about
half of the 155 mm shells that Russia produces in 2025. .
Despite ramping up production, 'The Economist'
predicts that the United States will only produce about
half of the 155 mm shells that Russia produces in 2025. .
Despite ramping up production, 'The Economist'
predicts that the United States will only produce about
half of the 155 mm shells that Russia produces in 2025. .
Earlier this week, Germany's defense minister said that the
European Union was on track to fall short on its promise of
providing Ukraine with a million rounds by March of 2024.
Earlier this week, Germany's defense minister said that the
European Union was on track to fall short on its promise of
providing Ukraine with a million rounds by March of 2024.
Reductions in munition supplies to Ukraine
would reportedly limit the country's
ability to mount offensive operations. .
Reductions in munition supplies to Ukraine
would reportedly limit the country's
ability to mount offensive operations. .
ABC reports that the war in Gaza has further put
pressure on U.S. arms makers, who diverted
some artillery shells intended for Ukraine to Israel. .
ABC reports that the war in Gaza has further put
pressure on U.S. arms makers, who diverted
some artillery shells intended for Ukraine to Israel. .
As the conflict in Ukraine has dragged on, the
U.S. has called upon other allies, like South Korea,
to step up and increase support.
The warning from Zelensky comes
amid ongoing debate in Congress over
continued funding for the conflict in Ukraine.
The warning from Zelensky comes
amid ongoing debate in Congress over
continued funding for the conflict in Ukraine.
ABC reports that Ukrainian officials have repeatedly
warned that their military's ability to fire artillery
shells has consistently been lower than Russia's
Credit: Wibbitz Top Stories Duration: 01:31Published
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