Nationwide strikes left commuters and tourists stranded across Italy on Friday, as transport unions called for better job conditions for workers and protested against privatization.

Underground and overground trains, airplanes and buses were cancelled in a series of strikes over a 24-hour period starting on Thursday evening.

Transport Minister Graziano Delrio said he had tried to negotiate with union leaders, but “sadly, it will be a black Friday.”

People seeking shade from the summer sun at bus stops around Rome’s Termini train station, the city’s main transport hub, said it was unfair that the country’s powerful labour unions still resorted to striking.

“I’ve waited for buses from three different lines for two hours and not even one has passed,” said Rome resident Franco Marini. “I find this way of protesting uncivil, in the 21st century there should be other ways to resolve labor issues.”

Italy is due to spin off parts of the state railway company under a delayed privatization plan to cut its huge public debt.

It is also looking for a buyer for struggling airline Alitalia, which was put under state management in May after making losses for years.

“The doctrine of privatization has gradually, dangerously spread through this sector, creating economic instability, unemployment, fewer services, and worrying reductions in safety, and sending salaries and workers’ rights and protections into free fall,” the SGB union said in a statement.

One of the special commissioners brought in to help salvage Alitalia said the strikes were “irresponsible” and “a gift to competitors”, adding the airline would try to cancel no more than 160 of 620 flights scheduled during the walk out.
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Greek stocks rallied to two-year highs Friday after the government struck a deal with European creditors that means the country won’t face another brush with bankruptcy anytime soon.

However, for austerity-weary Greeks, the deal does little to lift the pall from years of belt-tightening.

After months of haggling that raised fears of another escalation in Greece’s nearly eight-year debt crisis, the 19-country eurozone agreed late Thursday to release a further 8.5 billion euros ($9.5 billion) from its current, third bailout after the Greek government delivered on an array of reforms. Getting the money was becoming increasingly urgent because Greece has a big debt repayment hump next month.

Extending repayments

With an eye to the longer term, the eurozone creditors also made clear they are ready to ease the burden of Greece’s debt repayments when its bailout program ends next year, possibly by extending repayments by up to 15 years. The International Monetary Fund may also get involved financially, with up to $2 billion, but only if and when it sees the specifics of the debt relief and agrees it can make Greece’s debt bearable.

“I think that’s really the best agreement we’ve had for quite a while,” said Pierre Moscovici, the top economy official for the European Union, the 28-country bloc that includes the 19 states using the euro.

Even though some details remain sketchy, investors breathed a sigh of relief if just on the mere fact that a deal wasn’t postponed, as has occurred so many times previously. The main Athens stock index hit a two-year high, later closing up 0.8 percent on the day. The yields on both the two-year and 10-year Greek bonds fell, reflecting diminished investor fears of the chances of bankruptcy.

“While the deal might have proved the usual exercise in issue avoidance, the fact is that it’s now unlikely that a fresh crisis will emerge in Greece in July,” said Simon Derrick, chief markets strategist at BNY Mellon.

Greece’s left-led coalition government sought to present the deal as favorably as possible, even though the precise nature of the debt relief has to still be ironed out.

“We had a decisive step yesterday,” Prime Minister Alexis Tsipras told the country’s president. “A decisive step for the country’s exit from the long-running crisis.”

Government spokesman Dimitris Tzanakopoulos said Greece’s European creditors had accepted “nearly all the points that the Greek side was asking for.”

The spokesman highlighted the creditors’ acceptance of a long-standing Greek demand that debt repayments be linked to economic growth, meaning that repayments could be postponed if the economy entered recession.

Less optimism

Outside the government, the view was less rosy.

Dozens of protesting hospital workers held a rally outside the finance ministry building in central Athens, building a fake wall outside the entrance topped with a banner reading “They have made us drown in debt.”

Pictures pinned to the fake wall depicted Tsipras, with a tie pinned to his neck. Tsipras doesn’t wear a tie, and had once joked that the only time he would do so would be on the day Greece won debt relief.

Tsipras, elected in 2015 on promises to repeal bailout-related budget cuts, has lost popularity after implementing further austerity measures in return for the bailout money and a promise on debt relief.

As part of Thursday’s deal, the government committed to deliver primary budget surpluses — that is, a surplus excluding the cost of servicing debt — worth 3.5 percent of Greece’s annual gross domestic product until 2022, and 2 percent thereafter each year until 2060. That is a big commitment for Greece, but seems to have been agreed on in principle to show Greece’s debt can be sustained with help from creditors.

Despite years of spending cuts and tax increases since Greece was first bailed out in 2010, the public sector debt burden stands at about 320 billion euros, or 180 percent of GDP. That’s largely because the economy has contracted by around a quarter, meaning a worsening in the relative debt load even though the budget has improved.

An outright cut in Greece’s debt is not allowed under euro rules, but the length of time the country has in paying back its debts can be extended, and the interest rates can be cut. More comprehensive details should emerge in the coming months.
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From the president of Mozambique to the US Secretary of Commerce, greater US economic engagement in Africa is the dominant theme at this year’s business summit organized by the Corporate Council on Africa. VOA Correspondent Mariama Diallo was there and reports.
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U.S. authorities moved on Thursday to seize a Picasso painting given to American movie star Leonardo DiCaprio and the rights to two Hollywood comedies, as they filed complaints to recover about $540 million they say was stolen from the 1Malaysia Development Berhad sovereign wealth fund.

The U.S. Justice Department filing was the latest legal action tied to alleged money laundering at the fund set up by Malaysian Prime Minister Najib Razak in 2009 to promote economic development. In the complaints, the department alleges more than $4.5 billion was taken from 1MDB by high-level fund officials and their associates.

“This money financed the lavish lifestyles of the alleged co-conspirators at the expense and detriment of the Malaysian people,” Kenneth Blanco, acting assistant attorney general, said in a statement. 1MDB could not be immediately reached for comment.

Najib has denied taking money from 1MDB or any other entity for personal gain, after it was reported that investigators traced nearly $700 million to bank accounts that were allegedly in his name.

The assets U.S. authorities are seeking to seize include the rights to Dumb and Dumber To, a 2014 comedy starring Jim Carrey, they allege was financed with tens of millions of dollars stolen from 1MDB, and the 2015 film Daddy’s Home, starring Will Ferrell. Last year, U.S. authorities moved to seize rights to the 2013 film The Wolf of Wall Street, which starred DiCaprio.

The three films were produced by Red Granite, a company founded by Najib’s stepson Riza Aziz. Red Granite said in a statement it was in discussions with the Justice Department “aimed at resolving these civil cases and is fully cooperating.”

U.S. authorities accuse Jho Low, a Malaysian financier, of laundering more than $400 million stolen from the fund through an account in the United States, where he and his friends used the money to pay for lavish parties, gambling and yachts.

Despite the civil allegations, U.S. authorities have not charged Low with any crime.

Low did not immediately respond to a request for comment sent to his Hong Kong-based company Jynwel Capital.

Artwork, Oscar for DiCaprio

Authorities said that in 2014 Low used $3.2 million diverted from a 1MDB bond sale to buy a Picasso painting for DiCaprio.

“Dear Leonardo DiCaprio, Happy belated Birthday! This gift is for you,” a friend of Low’s wrote in a note.

Low also used $9.2 million diverted from 1MDB bond sales to buy a collage made by the New York artist Jean-Michel Basquiat which was also given to DiCaprio. DiCaprio and Low signed a note in March 2014 absolving the star of “any liability whatsoever resulting directly or indirectly from these art-work,” according to the filings.

A spokesman for DiCaprio said in an emailed statement on Thursday the actor last July “initiated the return” of gifts he had received from financiers connected to the 1MDB case. The spokesman said DiCaprio also returned an Oscar won by actor Marlon Brando which was given to DiCaprio by Red Granite “to thank him for his work on The Wolf of Wall Street,” the statement said.

DiCaprio’s spokesman said the star accepted the gifts to raise funds in an auction for his environmental foundation.

Complaints against 1MDB

Fraud allegations against 1MDB go back to 2009, the Justice Department said, and the fund is subject to money laundering investigations in at least six countries, including Switzerland and Singapore.

The complaints allege that officials at 1MDB, their relatives and other associates allegedly laundered the funds using complex transactions and shell companies with bank accounts located in the United States and abroad.

That allowed the origin, source and ownership of the funds to be hidden and ultimately passed through U.S. financial institutions, with the money being used to buy and invest in assets in the United States and overseas, according to the complaints.
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The White House lacks a unified plan to increase the government’s borrowing cap as a likely September deadline is drawing near, said Mick Mulvaney, director of the Office of Management and Budget.

A failure by Congress to raise the debt ceiling could send dangerous shock waves through the global economy. The federal government could be at risk of defaulting on obligations such as interest payments on bonds as well as temporarily halting benefit programs.

The White House budget director suggested in an interview Thursday with reporters that neither the Trump administration nor Capitol Hill lawmakers had set their terms for an agreement.

“It’s fair to say we haven’t settled on a final way to address the debt ceiling any more than the Hill has,” Mulvaney said.

The former South Carolina congressman added that none of this was necessarily “unusual.”

Possible extension

Under the current borrowing restrictions, the government has already been taking extraordinary measures and will likely be unable to pay its bills at some point in September. But Congress still has a recess scheduled in August that could create time pressures. Private analysts say the debt ceiling deadline could be extended into October.

Mulvaney said he would like to see the debt ceiling raised in July.

But Trump administration officials still have yet to resolve internal differences on the best strategy to increase the legal cap on government debt, which already exceeds $19.8 trillion.

Mulvaney suggested he would like to have any increase in the borrowing authority be attached to other spending changes, a move that could attract Republican support but alienate Senate Democrats. President Donald Trump’s budget proposal seeks to beef up spending on the military and border security while cutting many social programs.

Treasury Secretary Steve Mnuchin has indicated he would like a “clean” bill to raise the debt ceiling, so it would not have to be tied to any spending changes, but Capitol Hill conservatives are resisting the idea.

“Secretary Mnuchin believes it needs to be clean. I think the vast majority of the Republican conferences would not agree,” said Representative Mark Meadows R-N.C., chairman of the Freedom Caucus, a group of strongly conservative House Republicans.

Mulvaney said Mnuchin would ultimately be in charge of handling the debt ceiling push “once we do settle on our formal policy, if we do.”

A 2011 standoff between Republicans and the Obama administration over the debt ceiling led to tighter controls on spending. That standoff was not resolved until the 11th hour and prompted Standard & Poor’s to impose the first-ever downgrade to the country’s credit rating.

Talks with lawmakers

The administration is also engaged in talks with House and Senate Republican leaders about what kind of increase they could possibly pass. Mulvaney said the issue was not a source of division inside the White House or the Republican Party.

The discussions involve whether the House should increase the debt limit enough to last through the 2018 election or the president’s first term.

“It would be foolish of us to come up with a policy devoid of having talked to the Hill,” Mulvaney said.

Congress also faces pressure to pass a budget in September for next fiscal year, as well as to address administration priorities that include a tax code rewrite and the proposed repeal of former President Barack Obama’s 2010 health insurance law.

Failure to pass spending bills could cause a government shutdown and cause nonessential government agencies to close. Trump suggested on Twitter last month that he might welcome a shutdown to help shake up the government.

Mnuchin told the Senate Budget Committee this week that “at times there could be a good shutdown,” though he cautioned it’s not the administration’s “primary objective.”

With action on the budget front otherwise stalled, the House Appropriations Committee on Thursday approved the first of 12 spending bills, an $89 billion measure that contains generous increases for veterans programs and Pentagon construction projects.

But the White House and its GOP allies — much less opposition Democrats — haven’t come up with an overall plan for implementing Trump’s promises to increase the Pentagon budget and advance more than $500 billion worth of annual domestic agency spending bills.
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American tourists strolling the ample squares and narrow streets of colonial Havana may not know it, but from novelist Ernest Hemingway’s famed Floridita bar to Sloppy Joe’s eatery, they are probably patronizing businesses owned by Cuba’s military.

It is that lucrative line of business that President Donald Trump will target when he rolls out his new Cuba policy Friday in Miami, the heart of the country’s hard-line exile community, according to U.S. officials who have seen a draft presidential memorandum.

Trump will significantly restrict U.S. companies from doing business with some military-linked enterprises, the officials said.

“Any ban on using military-owned tourism facilities would make it very difficult to bring groups larger than seven people, because for logistical reasons you need to work with the government,” said Collin Laverty, president of Cuba Educational Travel.

The number of Americans traveling to Cuba, mostly in large groups because of U.S. regulations, has nearly tripled in recent years and was expected to reach around 400,000 in 2017, according to U.S. travel agencies.

Trump’s expected limits on U.S. business deals will target the Armed Forces Business Enterprises Group (GAESA), a conglomerate involved in all sectors of the economy that is led by General Luis Alberto Rodriguez, reportedly President Raul Castro’s son-in-law.

That is bad news for the pro-engagement U.S. politicians and hundreds of businesses that flocked to Cuba in the last few years in search of new opportunities.

Lone hotel deal

The only hotel deal struck to date may prove the last for now, at least in the capital. Starwood Hotels & Resorts Worldwide, which is owned by Marriott International, signed on to manage a Gaviota hotel in Havana under the Sheraton brand, which opened in 2016.

Gaviota is part of GAESA, and tourism development projects in Havana and other choice locations are almost exclusively in its hands.

U.S. Gulf Coast ports and the Port of Virginia, which have signed letters of intent to work with the new Mariel container terminal, will most likely have to look elsewhere for shipping partners because it is controlled by Almacenes Universales, another GAESA company.

The terminal feeds a surrounding Chinese-style development zone that allows investors 100 percent ownership and that was visited by dozens of U.S. business delegations beginning in 2015, though no deals were signed. It also is controlled by Almacenes Universales.

GAESA does not run Cuba’s airports, or its cruise ship terminals, meaning U.S. airlines and cruise operators might not be directly affected, but it does control the marinas.

All the state hotels, stores and eateries in colonial Old Havana are owned by Habaguanex, which was recently taken over from the city historian’s office by GAESA.

GAESA began modestly enough in the 1980s as an effort to bring modern management to the civilian sector mired in the ways of Soviet-style administration.

It has grown dramatically over the last decade since Raul Castro took over for his ailing and now deceased older brother, Fidel.

Today GAESA boasts dozens of companies that control 40 percent to 60 percent of the Caribbean island’s foreign exchange earnings, according to Cuban economists.

GAESA’s books, like those of other state-run companies, are not public.

Military’s self-interest

Some Cuba experts and diplomats believe the military is feathering its own nest and perhaps preparing to cash in if the government falls.

But others believe revenues flow to the cash-strapped state.

A former British ambassador to Cuba, Paul Hare, who lectures at Boston University’s Pardee School of Global Studies, said the military was viewed as a guardian of the Revolution.

“Their function is to ensure that private Cubans and foreign investors do not undermine the principles of ‘socialism,’ ” he said.

The holding company controls virtually all of the thousands of stores, supermarkets and malls in the country that sell imported products ranging from food and beverages to clothing and appliances, and hundreds of gas stations and eateries.

That means when you enter a shop in Cuba to purchase a bottle of water, soda or beer, you probably are patronizing a military establishment.

If you want to rent a condominium or satellite TV service, you have to go through a GAESA company.

The holding company also controls two banks and all credit card and money transfer transactions through Fincimex. RAFIN, the conglomerate’s mini-hedge fund, owns shares in the telecommunications monopoly ETECSA.
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Foreign fishing in Indonesian waters has long been a concern for the government, for which it has recently taken a literally explosive approach: blowing up illicit fishing boats. But the country’s wildly popular Minister of Marine Affairs lobbied the United Nations last week to declare illegal, unreported and unregulated fishing (IUUF) an organized crime, signaling growing frustration and a new approach from Jakarta.

That said, even if the U.N. takes this step, Indonesia faces an uphill battle in protecting its fisheries. As the world’s largest archipelagic nation, it has somewhere between 15,000 and 17,000 islands and many kilometers of unsecured coastline. President Joko “Jokowi” Widodo created a task force to address illegal fishing in October 2015, which reports directly to him and gives the Navy, the National Police and the Maritime Security Agency wide jurisdiction to deter illegal fishing by any means necessary.

But the fleet and law enforcement personnel are still small given the scale of the problem, which costs Indonesia, by one estimate, $3 billion a year.

Surprisingly empowered task force

Task forces, or “Satgas” (satuan tugas in Bahasa Indonesia) are almost a punchline in Indonesian governance because they are created for a wide variety of issues and often with unclear mandates. But the fishing task force feels different, according to Mas Achmad Santosa, head of the IUUF Fisheries Task Force.

“This is the first time for Indonesians that the president has set up a task force and it actually works well,” Santosa told VOA. “Every element needed for enforcement is there: investigators [from the Ministry of Marine Affairs and Fishery, Marine Police, Coast Guard, and Navy], prosecutors under the attorney general’s office, and several experts from fields like money laundering and environmental law.”

There are about 60 dedicated members of this task force, but they work closely with the above institutions so their effective numbers are larger, Santosa said.

The task force only directly prosecutes cases with “elements of serious crime,” said Santosa, and they have prosecuted 42 such cases over the last year.

“But our fleet is far from sufficient, we must admit,” Santosa said. “Compared to our oceans, which are huge, the technology is limited.” They only have four patrol boats, for instance.

Since Jokowi took office in 2014, Indonesia has blown up over 300 illegal fishing boats, taking out 81 near Ambon over a single weekend last April. The eye-catching strategy has become something of a local tourist attraction. Its symbolic impact, though, could be larger.

“Blowing up boats is just one of our treatments. But we hope it creates a general deterrent effect,” Santosa said.

Charismatic leader

Indonesia’s Fisheries Minister Susi Pudjiastuti, known as “Bu Susi,” is a high school dropout turned entrepreneur with a knack for viral photo opportunities (smoking on a paddleboard, sleeping in an airport) and a no-nonsense style that has raised the profile of her relatively obscure ministry.

“It’s very important to have a strong leader, and she is a person of integrity who leads by example,” Santoso said.

Foreign fishing is concentrated in Maluku, Sumatra, and the Indian Ocean, according to the maritime ministry. Beyond that, there are also illicit Indonesian vessels that engage in what Santoso calls “unsustainable fishing that will destroy ecosystems.” So international cooperation is not a silver bullet;  the task force’s inroads on domestic fishing will be equally important, and somewhat harder to attack in such a spectacular manner.

Domestic agenda

The Peoples Coalition for Fishery Justice (KIARA) has urged the maritime ministry to revise regulations that they say hinder the development of the local fishing industry.

“Today the biggest challenge faced by coastal communities, especially fishermen, is the investment from and development through foreign capital,” KIARA secretary-general Susan Herawati Romica told VOA. For instance, she said, on the island of Gili Sunut, Lombok, there are 109 households who have been displaced by construction on a Singaporean beach resort to more dangerous cliffside areas.

“Today, 90 percent of Indonesian fishermen are traditional fishermen with vessels that average below 10 gross tons,” she said. “They rely heavily on marine and coastal areas, but they still face major challenges in accessing the coast.”

According to KIARA data, there have been at least 34 recent cases of mine reclamation or development that have displaced local communities. “To that end, we say, if the country wants to push fisheries to provide the maximum benefit to coastal communities, then access to the sea [for local communities] should be guaranteed by the state.”
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New data show the U.S. job market becoming a bit stronger, while credit card costs are increasing for American consumers.

Thursday’s report from the Labor Department says the number of newly-laid off workers signing up for assistance fell 8,000 last week to a nationwide total of 237,000. Experts say any level below 300,000 indicates strong demand for workers and a healthy job market.  Jobless claims have been under this benchmark now for well over two years, the longest streak since 1970.

On Wednesday, the U.S. central bank cited the improving job market as evidence that the economy no longer needs the boost it has been receiving from ultra-low interest rates. The Federal Reserve increased the key interest rate by a quarter of a percent. It is the latest in a series of gradual increases intended to bring interest rates closer to the average rates seen over the past few decades.

While economists say the increases are a vote of confidence in the economy, higher rates also raise costs for consumers who have run up credit card bills. The business group WalletHub says U.S. consumer credit card debt will likely exceed $1 trillion this year, a record high. The company says that means a quarter of a percentage point interest rate hike will cost consumers an extra $1.5 billion this year.

Wednesday’s action is the latest of several rate increases, and if all the higher costs are tallied, the bill for consumers will be $6 billion more this year than it would have been in the past.
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The U.S. Senate voted 98-2 Thursday to approve sweeping sanctions against Russia and make it harder for President Donald Trump to ease punitive measures against Moscow.

“We have no time to waste,” said Republican Senator John McCain of Arizona. “The United States of America needs to send a strong message to [Russian President] Vladimir Putin and any other aggressor that we will not tolerate attacks on our democracy.”

“We must not allow this kind of interference in our elections become a normal process,” said Democratic Senator Jeanne Shaheen of New Hampshire.

Adopted overwhelmingly as an amendment to an Iran sanctions bill, the measure targets Russia’s cyber espionage entities, energy sector, financial interests, and the flow of Russian weaponry to war zones like Syria.

“It expands the list of where sanctions can apply to the energy projects and foreign financial institutions,” said Ben Cardin of Maryland, the top Democrat on the Senate Foreign Relations Committee. “It provides for actors undermining cyber security being subject to sanctions. It provides sanctions against suppliers of Russian arms to Syria. It’s comprehensive.”

The measure also asserts a role for Congress if the White House opts to ease any sanctions against Moscow.

“The president can’t remove a sanction until he’s given Congress notice and an opportunity to review,” Cardin said. “We can have congressional hearings, we can put a spotlight on it. And then we have an expedited process where we could reject the president’s decision to give relief. And all during that process, the sanctions remain in place.”

The Trump administration reportedly is weighing the return of Russian compounds on U.S. soil seized by the Obama administration, and the president has repeatedly expressed a desire for better relations with Moscow while downplaying the impact of Russia’s cyber activities.

“It’s particularly significant that a bipartisan coalition is seeking to reestablish Congress, not the president, as the final arbiter of sanctions relief,” said Senate Minority Leader Chuck Schumer, a New York Democrat.

McCain described existing punitive measures against Russia as “modest” and “reversible at the discretion of the president.”

“We must take our own side in this fight, not as Republicans, not as Democrats, but as Americans,” McCain said.

The White House has not said if Trump would sign or veto the legislation, which would have to be passed by the House of Representatives before it could go to the president‘s desk. Testifying this week on Capitol Hill, Secretary of State Rex Tillerson acknowledged the need to take action against Russia but warned against measures that would cut off dialogue with Moscow.

“We would ask for the flexibility to turn the heat up when we need to, but also to ensure that we have the ability to maintain a constructive dialogue,” Tillerson said.

The underlying bill imposed new sanctions on Iran for its ballistic missile program and support for international terrorism. Lawmakers of both parties stressed the measures in no way target Iran’s nuclear program or the landmark international nuclear accord with Tehran.

“We see destabilizing act after destabilizing act [by Iran], from missile launches to arms transfers to terrorist training to illicit financial activities to targeting Navy ships and detaining American citizens,” said the chairman of the Senate Foreign Relations Committee, Republican Bob Corker of Tennessee.

“It’s past time for us to take steps to protect the interests of the United States and our allies. This bill is the first time Congress has come together since the JCPOA, the Iran nuclear deal, to do just that,” Corker added.

“This bill will impose sanctions on Iran for its non-nuclear violations,“ Cardin said. “The debate we have here is on the non-nuclear activities of Iran that violate international norms and international agreements.”

 
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President Donald Trump on Thursday ordered more money and a bigger role for private companies in designing apprenticeship programs meant to fill some of the 6 million open jobs in the U.S.

Trump signed an executive order to roughly double to $200 million the taxpayer money spent on learn-to-earn programs. The money would come from existing job training programs. The executive order would leave it to industry to design apprenticeships under broad standards to be set by the Labor Department.

“We’re training people to have great jobs and high paying jobs,” Trump said at a White House ceremony. “We’re here today to celebrate the dignity of work and the greatness of the American worker.”

Trump is directing the government to review and streamline some 43 workforce programs across 13 agencies. Senior administration officials have said Trump was reluctant to spend more federal funds on apprenticeships, so the boost would come from existing money, perhaps from the streamlining process. The officials spoke Thursday on condition of anonymity to preview Trump’s order.

Companies have long complained that they can’t find trained people to fill highly technical jobs, and apprenticeship programs have sprung up around the country. Companies now have to register with the Labor Department and adhere to government guidelines.

There are about 500,000 apprenticeship positions in the U.S.

Trump had campaigned on creating jobs. The executive order addresses the nation’s “skills gap” that have left millions of open jobs unfilled. Apprenticeships would give students a way to learn skills without the crippling debt of four-year colleges, and expand those opportunities to women, minorities and other populations underrepresented among the nation’s roughly 505,000 apprentices.

Trump accepted a challenge earlier this year from a CEO to create 5 million new apprenticeships.

The Trump administration has said there’s a need that can be met with a change in the American attitude toward vocational education and apprenticeships. A November 2016 report by former president Barack Obama’s Commerce Department found that “apprenticeships are not fully understood in the United States, especially” by employers, who tend to use apprentices for a few, hard-to-fill positions but not as widely as they could.

The shortages for specifically trained workers cut across multiple job sectors, from construction trades to agriculture, manufacturing, information technology and health care.

Critics say Trump can’t be promoting apprenticeships while he proposes cutting federal job training funding by as much as 40 percent – from $2.7 billion to $1.6 billion. There also are questions about oversight of apprenticeship programs that begin and operate almost completely under the control of the company.

Apprenticeships are few and far between. Of the 146 million jobs in the United States, about 0.35 percent – or slightly more than a half-million – were filled by active apprentices in 2016. Filling millions more jobs through apprenticeships would require the government to massively ramp up its efforts.

“Scaling is the big issue,” said Robert Lerman, a fellow at the Urban Institute.

Another complication: only about half of apprentices finish their multi-year programs. Fewer than 50,000 people – including 11,104 in the military – completed their apprenticeships in 2016, according to Labor Department.

Trump’s resume includes the hit television show, “The Apprentice.”
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The U.S. central bank raised its benchmark interest rate Wednesday amid concerns about sluggish growth, a slowdown in consumer spending and low inflation. But the head of the U.S. Federal Reserve says the one-quarter of 1 percent increase in the federal funds rate demonstrates the committee’s confidence in the overall health of the U.S. economy. Mil Arcega has more.
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