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Economy

In Times of Disaster, Why Businesses React the Way They Do

By Yeco on Friday, September 15, 2017

During natural disasters, why do some companies open their doors to the community while others take advantage of its members? Tina Trinh explores the reasons why businesses react the way they do and the cost to their public image. …

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Economy

China Bitcoin Exchange to End Trading; Currency Value Falls

By Yeco on Friday, September 15, 2017

One of China’s biggest bitcoin exchanges says it will end trading after news reports that regulators have ordered all Chinese exchanges to close caused the price of the digital currency to plunge.   BTC China said on its website it …

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Economy

Leverage in Cambodia Key Question for US, EU

By Yeco on Friday, September 15, 2017

Radio Free Asia has joined the ranks of media outlets shuttered under the now almost blanket smothering of an independent press in Cambodia, as U.S. and European diplomatic efforts have failed, so far, to halt the county’s descent into authoritarianism …

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Economy

Research Points to Ecological Costs of ‘Unethical’ Chocolate

By Yeco on Thursday, September 14, 2017

Your afternoon chocolate bar may be fueling climate change, destroying protected forests and threatening elephants, chimpanzees and hippos in West Africa, research suggests. Well-known brands, such as Mars and Nestle, are buying through global traders cocoa that is grown illegally …

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Economy

Harvey Charities Raise More Than $350M in Less Than 3 Weeks

By Yeco on Thursday, September 14, 2017

More than 50 local and national charities have raised more than $350 million in the nearly three weeks since Hurricane Harvey struck the Texas Gulf Coast, and the disparate groups are trying to decide on priorities while some storm victims …

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Economy

Immigrants, Refugees Revive Depressed Neighborhood in Columbus, Ohio

By Yeco on Thursday, September 14, 2017

The Northland area of Columbus, Ohio was booming in the 1960s and 70s. About 65 square kilometers, the area was a shopping and dining destination. Its centerpiece was the Northland Mall on Morse Road. “You couldn’t get a parking space …

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Economy

Hurricanes Boost Inflation & Scramble Some US Job Markets

By Yeco on Thursday, September 14, 2017

The two recent hurricanes that hit the United States raised inflation and puzzled analysts tracking job losses in Texas and Florida. Experts say the impact on the huge economy is “limited.” Thursday’s report from the Labor Department says overall unemployment …

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Economy

Immigrants and Refugees Revive Depressed Neighborhood

By Yeco on Thursday, September 14, 2017

A large influx of immigrants and refugees certainly helps boost the population of a region. But they can also have social and economic impacts. The northern part of Columbus, Ohio – an abandoned wasteland in the early 2000s – has …

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Economy

Thriving Black Market Could Mitigate North Korea Sanctions Impact

By Yeco on Thursday, September 14, 2017

Illicit evasion and a thriving black market continue to mitigate the impact of sanctions intended to deprive North Korea of billions of dollars in revenue and needed components for its nuclear program. The latest round of United Nations sanctions imposed …

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Economy

Trump Blocks Chinese Takeover of US Computer Chip Company

By Yeco on Thursday, September 14, 2017

President Donald Trump has blocked the acquisition of a U.S. computer chip manufacturer by a Chinese company, calling it a threat to national security. The Chinese-owned Canyon Bridge Fund has sought to take over Oregon-based Lattice Semiconductor Corp. The U.S. …

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Economy

Workers on Seasonal US Visas Tell Panel of Abuses

By Yeco on Wednesday, September 13, 2017

As Congress looks into ways to fix the immigration system, often with the goal of safeguarding job opportunities for U.S. workers, at least one immigration organization argues that current federal regulations fail to protect foreign visa holders from job misrepresentation, …

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Economy

Pittsburgh to Be Site of America’s Largest Urban Farm

By Yeco on Wednesday, September 13, 2017

Pittsburgh, once a dynamo of heavy industry, will soon become home to the United States’ largest urban farm, part of what advocates say is a trend to transform former manufacturing cities into green gardens. The Hilltop Urban Farm will open …

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Economy

Cameroon Forest People: Land Rights Abuses Threaten Survival

By Yeco on Wednesday, September 13, 2017

Leaders of Cameroon’s indigenous forest peoples say their survival is at risk if they are further deprived of access to the lands that are the source of their livelihoods. Speaking in Cameroon’s capital, Yaoundé, indigenous representatives said they had experienced …

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Economy

Gambia Turns to Private Maritime Policing

By Yeco on Wednesday, September 13, 2017

Gambia is negotiating deals with three private companies to crack down on rampant illegal fishing in its territorial waters, a senior official with the fisheries ministry told Reuters. Made possible by poor monitoring capacity and, in some cases, corrupt local …

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Economy

From Refugee Camp to Runway, Hijab-wearing Model Breaks Barriers

By Yeco on Wednesday, September 13, 2017

Roughly one year ago, Denise Wallace, executive co-director of the Miss Minnesota USA pageant, received a phone call from 19-year-old Halima Aden asking if she could compete in the contest wearing her hijab. “Her photo popped up and I remember …

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Economy

Violent Street Protests Break Out in Haiti Over Tax Hikes

By Yeco on Wednesday, September 13, 2017

Protesters in Haiti damaged commercial buildings in the capital city and set cars on fire Tuesday, angered by government tax hikes that come at a time when foreign aid is declining. The Port-au-Prince protest, called by former presidential candidate Jean-Charles …

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Economy

Corporate Tax Goal in Doubt as Trump Kicks Off Push on Reform

By Yeco on Wednesday, September 13, 2017

U.S. Treasury Secretary Steven Mnuchin on Tuesday cast doubt on President Donald Trump’s goal of cutting the corporate tax rate to 15 percent, even as the president moved to inject new urgency into a sluggish effort in Congress to lower …

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Economy

GOP Lawmakers Push Balanced Budget Mandate in Constitution

By Yeco on Tuesday, September 12, 2017

Lawmakers from 19 states are trying to develop a plan in Arizona this week for carrying out a growing, but unlikely, national effort to amend the Constitution to require a balanced U.S. budget, a long-held goal of conservatives who believe …

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Economy

Syria Signs Aleppo Power Plant Contract With Iran

By Yeco on Tuesday, September 12, 2017

Syria’s government signed a contract with an Iranian company on Tuesday to import five gas-fired power plants to the war-battered city of Aleppo, in an early sign of the major role Tehran is expected to play in Syria’s reconstruction. The …

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Economy

Macron’s Big Test: France-Wide Protests Over Labor Overhaul

By Yeco on Tuesday, September 12, 2017

Eiffel Tower employees planned a walkout, angry carnival workers snarled traffic around Paris’ Arc de Triomphe, and Paris police girded for potential violence as unions and others hold nationwide protests Tuesday against changes to labor laws they fear corrode job …

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Economy

While Stock Market Soars, US Farmers Struggle

By Yeco on Tuesday, September 12, 2017

While U.S. stock indexes continue to see record breaking gains and U.S. employment numbers are encouraging, American farmers continue to struggle with high costs for fertilizer and seed at a time when demand and prices for their products are low. …

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Economy

Brazil Businessman Turns Himself into Police in Graft Probe

By Yeco on Sunday, September 10, 2017

The former chairman of the world’s largest meatpacker, whose testimony implicated Brazil’s president in corruption, turned himself in to police Sunday after the country’s Supreme Court ordered his arrest.   Joesley Batista has avoided prosecution under a plea bargain deal …

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Economy

DACA Repeal Could Cost US Businesses, Economy Billions

By Yeco on Saturday, September 9, 2017

The White House’s decision this week to repeal the Deferred Action for Childhood Arrivals (DACA), carries enormous repercussions for the nearly 800,000 beneficiaries: The undocumented young people who were brought to the United States as children. But the cost, which …

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Economy

DACA Repeal to Cost U.S. Businesses, Economy Billions

By Yeco on Saturday, September 9, 2017

The White House’s decision to repeal DACA, or Deferred Action for Childhood Arrivals, carries enormous repercussions for the nearly 800,000 beneficiaries who arrived in the U.S. as children. Over the next two years, more than 700,000 employed recipients will find …

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