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Economy

Retailers Look to Woo Shoppers from Rivals as Amazon Grows

By Yeco on Thursday, November 23, 2017

Toys and TVs at J.C. Penney, Barbies at Best Buy, kitchen appliances like wine refrigerators at B.J.’s. As the holiday shopping season officially kicks off Thursday, shoppers may find some surprises at their favorite stores. Even as retailers are counting …

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Economy

Hopes, Fears in $10 Billion Wisconsin Foxconn Deal

By Yeco on Thursday, November 23, 2017

When Gonzalo Perez bought the Castlewood Restaurant last December, it was one of the few outposts among the nearby corn and soybean fields hungry farmers could depend as a place to dine out. It could become much more than that …

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Economy

Hopes, Fears in $10 Billion Deal to Bring Taiwanese Manufacturer to Wisconsin

By Yeco on Thursday, November 23, 2017

The $10 billion-dollar deal to bring a Taiwanese-based electronics manufacturer to Wisconsin is raising questions from critics despite the promise that the investment could provide tens of thousands of new American jobs and other long term benefits. The deal’s critics say …

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Economy

US Retailers Look to Profitable Black Friday Weekend

By Yeco on Thursday, November 23, 2017

The U.S. holiday shopping season shifts into high gear this week after the Thanksgiving Day Holiday on Thursday. Black Friday, as it’s called, has become an important day for retailers because for some stores – the start of the holiday shopping …

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Economy

Soup Restaurant Teams With Family Farm to Serve Farm-to-table Freshness

By Yeco on Wednesday, November 22, 2017

Pumpkins, squash, beets and collard greens are just a few of the more than 50 different crops that Garner’s Produce in Virginia grows and sells at farmers markets about two hours away in Washington, D.C. At a small soup shop …

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Economy

Nigeria Oil Spills Double Risk of Infant Mortality, Research Shows

By Yeco on Wednesday, November 22, 2017

Babies are much more likely to die in their first few weeks of life if their mothers live close to the site of an oil spill, according to new research. Scientists studied data on infant mortality and oil spills in …

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Economy

Kenyan Fashion Designers Struggle to Grow Business

By Yeco on Wednesday, November 22, 2017

The fashion and textile industry could generate nearly half a million jobs in sub-Saharan Africa over the next decade. That’s according to the African Development Bank, which launched its “Fashionomics” initiative in 2015 to revitalize the industry. However, designers in …

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Economy

Iraq, GE Sign $400 Million Deal for Power Infrastructure

By Yeco on Wednesday, November 22, 2017

Iraq and General Electric have signed a deal to develop Iraq’s power infrastructure, which would help bring much-needed electricity to areas facing significant shortages across the country. GE says in a statement released Wednesday that the more than $400 million …

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Economy

‘Souper-Hero’ Serves Seasonal Soup with Help from Family Farm

By Yeco on Wednesday, November 22, 2017

Each year in America, when summer ends and fall begins, it’s a safe bet you’ll find pumpkins and sweet potatoes flavoring everything from coffee to pie. It’s seasonal food that makes its way from farms to tables around the country …

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Economy

Venezuela Arrests Top Citgo Executives

By Yeco on Tuesday, November 21, 2017

Venezuelan authorities arrested the acting president of Citgo, the U.S. subsidiary of state-owned Petroleos de Venezuela SA (PDVSA), along with five other senior executives Tuesday for alleged corruption. Attorney General Tarek William Saab told a press conference that interim president …

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Economy

White House: Opioid Crisis Cost US Economy $504 Billion in 2015

By Yeco on Monday, November 20, 2017

Opioid drug abuse, which has ravaged parts of the United States in recent years, cost the economy as much as $504 billion in 2015, White House economists said in a report made public on Sunday. The White House Council of …

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Economy

With Little Movement, NAFTA Talks Said to Run Risk of Stalemate

By Yeco on Sunday, November 19, 2017

Talks to update the North American Free Trade Agreement appeared to be in danger of grinding toward a stalemate amid complaints of U.S. negotiators’ inflexibility, people familiar with the process said on Sunday. The United States, Canada and Mexico are …

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Economy

Britain to Submit ‘Brexit Bill’ Proposal Before December EU Meeting

By Yeco on Sunday, November 19, 2017

Britain will submit its proposals on how to settle its financial obligations to the European Union before an EU Council meeting next month, finance minister Philip Hammond said on Sunday. British Prime Minister Theresa May was told on Friday that …

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Economy

European Cities Battle Fiercely for Top Agencies Leaving UK

By Yeco on Sunday, November 19, 2017

Brexit is still well over year away but two European cities on Monday will already be celebrating Britain’s departure from the European Union.   Two major EU agencies now in London — the European Medicines Agency and the European Banking Authority — …

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Economy

Post-Harvey Houston: Years Until Recovery, Plenty of Costs Unknown

By Yeco on Saturday, November 18, 2017

When the heaviest rain of tropical storm Harvey had passed, Kathryn Clark’s west Houston neighborhood had escaped the worst. Then the dams were opened — a decision by the U.S. Army Corps of Engineers to prevent upstream flooding and potential …

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Economy

Some Republicans Nervous NAFTA Talks Could Fail

By Yeco on Saturday, November 18, 2017

Pro-trade Republicans in the U.S. Congress are growing worried that U.S. President Donald Trump may try to quit the NAFTA free trade deal entirely rather than negotiate a compromise that preserves its core benefits. As a fifth round of talks …

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Economy

Unions Take NAFTA Wage Fight to Mexican Senate

By Yeco on Saturday, November 18, 2017

The head of Canada’s biggest private-sector union headed to Mexico’s Senate on Friday, promising to fight at the NAFTA trade pact talks for improved Mexican wages and free collective bargaining as a way of benefiting workers across North America. The …

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Economy

US Revises NAFTA Goals to Reflect Demands in Talks

By Yeco on Saturday, November 18, 2017

The Trump administration on Friday revised its negotiating objectives for revamping the North American Free Trade Agreement, largely to reflect the demands it has made in NAFTA talks on agriculture, intellectual property and investment. The revised objectives are now in …

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Economy

How Much Is a Life Worth, Ask Activists Fighting Slavery?

By Yeco on Friday, November 17, 2017

From $7 for a Rohingya refugee to $750 for a North Korean “slave wife,” human rights activists have voiced concerns that it is becoming increasingly easy to enslave another human being as the cost plummets. The average modern-day slave is …

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Economy

Experts: Puerto Rico May Struggle for More Than a Decade

By Yeco on Friday, November 17, 2017

Puerto Rico could face more than a decade of further economic stagnation and a steep drop in population as a result of Hurricane Maria, experts say. The stark estimates were presented this wee to members of a federal control board …

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Economy

Despite Health Risks, Undocumented Immigrants Clean Up Houston

By Yeco on Friday, November 17, 2017

It’s been more than two months since Hurricane Harvey destroyed or damaged tens of thousands of homes across Houston and east Texas, and cleanup is expected to last 20 months, overtaking Hurricane Katrina as the most expensive rebuilding effort in …

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Economy

Big Businesses From Apple to Walmart Say Train Suppliers to Stamp Out Slavery

By Yeco on Thursday, November 16, 2017

Businesses striving to stamp out slavery from their supply chains should not dismiss struggling suppliers but train them to improve the lives of workers, and technology can play a part, leading companies including Apple and Walmart said on Wednesday. In …

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Economy

Trump Pushing House Republicans to Adopt Tax Overhaul

By Yeco on Thursday, November 16, 2017

U.S. President Donald Trump pushed Thursday for adoption of a wide-ranging overhaul of the country’s complex tax laws as he met with the majority Republican caucus in the House of Representatives shortly before a scheduled vote on the issue. Republican …

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Economy

House Republicans Await Audience With Trump on Tax Overhaul

By Yeco on Thursday, November 16, 2017

Republicans are muscling their massive tax bill through the House, with President Donald Trump urging them on to a critically needed legislative victory and GOP House leaders exuding confidence they have the votes. But the tax overhaul hit a roadblock …

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