U.S. Latino economic output grows to $3.2 trillion, according to new study
The U.S. Latino economy continues to grow, reaching$3.2trillionin2021,upfrom$2.8trillionthe year prior, according to a new report by the Latino DonorCollaborativeinpartnershipwithWellsFargo.
Over the last decade, the U.S. Latino economy has grown two and a half times faster than the nonLatino equivalent, surpassing the gross domestic product of the United Kingdom, India, France and Italy,accordingtothereportreleasedbyLDC.
If Latinos were an independent country, their GDP wouldrank fifth inthe world,thestudyfound.
Industry strength for Latinos remains steady in accommodation and food services, construction, administrative support, waste management and transportation.
While growth for the Latino community remains widespread in the U.S. geographically, the community drove particular growth in the states of California, Texas and Florida, amounting to $682 billion, $465 billion and $240 billion of economic impact,respectively.
Souce:
https://www.cnbc.com/2023/09/27/us-latino-economic-output-grows-to-3point2trillion-new-study-says.html
Working women spend $15.4 billion more than men in out-ofpocket health costs, study finds
High health-care costs are hitting women in the U.S.workforcemuchharderthan men.
Working women spend $15.4 billion more in outof-pocket health expenses annually compared to their male counterparts, according to a new analysisofemployer-sponsoredhealth plansfrom DeloitteConsulting.
The study found women spend 18% more than men on copays and deductibles, on average. That’s after excluding costs associated with pregnancy and maternity, according to the new report, and despite total health expenditures for womenthatarejust10% higherthanfor men.
Women tend to utilize more medical care than men, in part due to annual gynecological exams andthehighcostsofbreastcancerimaging.
While annual exams are often fully covered, follow-ups that can result from those visits incur copays and trigger deductibles. Many of those servicesareoftenmoreexpensivethanthetypical deductible, leading to a higher cost-sharing burden.
Las Vegas hospitality workers authorize strike against hotels, casinos
The Culinary Workers Union in Las Vegas, the largest union in Nevada, voted to authorize a strike against major casinos on Tuesday if contract disputescontinue.
The union represents more than 60,000 hospitality workers in Las Vegas and is one of Nevada’s strongest political forces. More than 95 percent of workers voted to authorize a strike Tuesday, the unionannounced.
More than 40,000 members are working without a contractastheunionseeksbetterpay,benefitsand working conditions in negotiations with top casino companiesincluding,MGMInternational,Wynnand CaesarsEntertainment.
Theuniondidnotsetadeadlineforawalkout,buta full strike would effectively freeze all activity on the LasVegasStrip,keytothecity’seconomy.Theunion represents nearly all nongaming workers at hotels and casinos, including housekeepers, waitstaff and kitchenstaff.
Theunionholdsseparatecontractswitheachcasino company,nearlyallofwhicharescheduledtoexpire orhavealreadyexpiredthisyear.
Souce:
https://thehill.com/business/4225363-las-vegas-workers-authorize-strike-againsthotels-casinos/
Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
Tensions are rising and accusations are flying betweentheDetroitautomakersandUnitedAuto Workers, as the union threatens to expand U.S. plant strikes – marking two weeks of work stoppages and the dwindling likelihood of an imminentbreakthrough.
The UAW is expected to announce additional strike targets at 10 a.m. ET Friday, barring substantial progress in negotiations with General Motors, Ford Motor and Stellantis for contracts coveringsome146,000autoworkers.
In the run-up, frustrations remain around key economic demands and what some see as a lack ofurgencybytheuniontoreachadeal,according to people familiar with the discussions who spoke on the condition of anonymity because the talks areprivate.
Inrecentdays,unionmembersonthepicketlines have reported confrontations, intimidation with guns, hit-and-run vehicle accidents, and vandalism ofvehiclesandcompanyproperty.
https://www.cnbc.com/2023/09/28/uaw-negotiations-automakers-growfrustrated-as-new-deadline-looms.html
What closes and what keeps running in a federal government shutdown
Lawmakers are inching closer to a government shutdown when government funding runs out at the end of the day on Sept. 30. With a deal nowhere in sight, federal agencies are bracing to place hundreds of thousandsof workersonunpaidfurloughuntilfundingisrestored.
Thefederalgovernmenthasn'tfacedthisdilemmasince2018whenthefederalgovernmentshutdownfor 35 days, stretching into the new year in 2019. As in shutdowns past, people across the country will see a pauseinfederalservices,programmingand pay.
Washington, D.C., residents and visitors could feel the impact quickly. Smithsonian facilities will remain open until money runs out. Then they will close, which could dampen the celebrations to say goodbye to the giant pandas in the National Zoo. Wildlife lovers outside of D.C. could see the National Park Service's highlyanticipated"Fat BearWeek" interruptedaswell.
Elsewhere, the impacts of a shutdown are likely to snowball as employees go without pay and programs runoutoffundingtooperate. Ashutdownwouldlikelyaffectsome1.3millionactive-dutyservicemembers who would continue to work but would not get a paycheck. Of the estimated 800,000 Pentagon civilians, some 200,000 would be required to work without pay, because they are "excepted" and roles considered "necessaryto protectlifeandproperty."
Souce:
https://www.npr.org/2023/09/29/1202474725/2023-government-shutdown-update
