YCLOAK

The U.S. economy had a net gain of 209,000 jobs in July, while the unemployment rate fell slightly to 4.3 percent. That matches the lowest jobless rate in 16 years.

Friday’s Labor Department report says job gains were seen in restaurants, business services and health care. The average hourly wage rose nine cents an hour in July, to reach $26.36. That is up 65 cents over the past year, or growth at a 2.5 percent rate.

Boosting Labor Participation Rate for Women Key to Healthy Economy

The chief economist for the job search company “Indeed” says slow wage growth may reflect job gains in low-paying areas like food service. Jed Kolko also says the job gains are well above what is needed to keep up with growth in the workforce.

While Friday’s newest government unemployment report shows strong job growth and rising wages, it also shows 7 million Americans out of work and another 5.3 million who want full-time work but can only find part-time employment.

On Twitter Friday, President Donald Trump called the official government job numbers “Excellent” and wrote that cutting regulations helped job growth.

During the campaign, when the official jobless rate was around 5 percent, candidate Trump called the job numbers “phony” and said they should not be believed. Back then, he insisted that the actual unemployment rate was far higher, perhaps as high as 42 percent. 
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Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. said Friday they plan to spend $1.6 billion to set up a joint-venture auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs. 

The plant will have an annual production capacity of about 300,000 vehicles and will produce Toyota Corollas for the North American market. Mazda will make cross-over models there that it plans to introduce to that market, both sides said.

The companies will split the cost for the plant equally. 

Toyota said that it changed its plan to make Corollas at a plant in Mexico, now under construction, and instead will produce Tacoma pickups there. 

EV rumors

The Japanese automakers were reportedly planning to work together to develop electric vehicles. 

EVs have become an increasingly competitive market segment because of concerns about global warming and the environment.

Japanese rival Nissan Motor Co., which is allied with Renault SA of France and Mitsubishi Motors Corp., is the global leader in electric vehicles.

Better batteries

In the past, Toyota, which makes the Prius hybrid, Camry sedan and Lexus luxury models, was not overly bullish on electric vehicles, noting the limited cruise range of the technology. But recent breakthroughs in batteries allow for longer travel per charge.

In 2015, Toyota and Mazda agreed to find new areas where they can work together, but they had not announced specifics.

Toyota already provides hybrid technology to Mazda, which also makes compact cars for Toyota at its Mexico plant.

Mazda, based in Hiroshima, Japan, used to have a powerful partner in Dearborn-based Ford Motor Co., which bought 25 percent of Mazda in 1979, and raised it to 33.4 percent in 1996. But Ford began cutting ties in 2008, and has shed its stake in Mazda.
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One of the most deprived suburbs in Paris is expected to be a big winner now the French capital is in line to host the 2024 Olympics with thousands of homes and a new swimming center to be built in Seine-Saint-Denis for the games.

The poorest of France’s 101 mainland departments, Seine-Saint-Denis sprawls east and north from Paris, much of it a drab expanse of grey buildings, abandoned factories and poverty.

Paris learned on Monday that it was a near certainty to be the IOC’s chosen host for the 2024 games when its only remaining rival, Los Angeles, agreed to wait another four years. Budapest, Boston, Hamburg and Rome had all pulled out of the race.

“La Joie est Libre! (Joy Ahead!),” said the front-page headline of L’Equipe sports newspaper, welcoming the news with a play on words. A series of Islamist militant attacks frightened away many visitors from the French capital and city officials hope winning the bid will boost tourism.

Organizers of the games say their aim to lift Seine-Saint-Denis’s fortunes helped their case with the International Olympic Committee (IOC).

“Bearing in mind the symbolic and real divides which there sometimes still are between Paris and its suburbs, this young, working class place, with young people of all colors and all origins allows us to say to the IOC that these games are a wonderful opportunity to show that Paris is bigger than Paris,” Stephane Troussel, president of Seine-Saint-Denis, told Reuters.

Tony Estanguet, co-chair of the Paris bid, said: “We looked at the success of the games in London and for sure, the fact that London succeeded in leaving a strong legacy, a physical legacy in the east of London, was very important for us.”

Not Convinced

Not all locals are sure of the benefits however. Some have half an eye on Stratford, a swath of east London that was redeveloped for the 2012 games, but where rising rents have pushed locals out of similarly created new housing there.

“When there is a lot of investment landlords will also take advantage by adding a bit, increasing the rents,” said Fode Abass Toure, a 45-year-old resident of Bobigny.

“And even the restaurants will try to increase prices of products because a lot of tourists will come,” he said.

Seine-Saint-Denis has a reputation as a Socialist bastion where the French Communist Party and hard-left have a strong presence. It was in the area where the deaths of two youths who were hiding from police in a power station set off 2005 riots.

Unemployment in and around its main towns of Saint-Denis and Bobigny is approaching double the national average at more than 18 percent. Three out of 10 of its 1.5-million-strong population are immigrants, or the children of immigrants, mostly from Africa, a similar proportion are classed as living in poverty.

The Paris games – which have a relatively modest budget by recent standards at around 7 billion euros ($8.27 billion), will leave behind two permanent new developments, both of them in Seine-Saint-Denis.

They are the Olympic Village itself, which will be converted after the games to provide more than 3,500 homes, and a swimming center to stand alongside the Stade de France stadium, built for the 1998 football World Cup, now to be reborn as the Olympic Stadium where track and field athletes will compete.

“Same in Sport”

At a run-down local pool that will be transformed into a water polo venue, children splashed as they played during a visit by Reuters.

“Sport brings people together,” said sports activity leader Jose Defaria, aged 22.

“Even if we don’t come from the same social background, I think we’re the same in sport, we are brought closer together and we make links and it’s good for everyone. It’s a win-win for everyone involved.”

Paris 2024 – enthusiastically backed by the country’s tennis-playing new President Emmanuel Macron – plans to make the most of the city’s existing sports facilities and take full advantage of its landmarks.

Boxers will compete alongside tennis players at the clay court French Open tennis venue, Roland Garros, on the city’s western fringe, while the nearby clubs Paris Saint Germain and Stade Francais will host respective sports of soccer and rugby.

Distance races on foot and bicycle will start and finish at the Eiffel Tower, in whose shadow the ever-popular beach volleyball competition will play out.

Fencing and taekwondo will be held under the majestic steel and glass of the Grand Palais near the Champs Elysees, and Paris Mayor Anne Hidalgo has bet her reputation on the Seine river being clean enough for open water swimming in time for the games.

Attacks Scared Tourists

Official confirmation due in September would mean one of the world’s most visited cities can mark the centenary of the 1924 Paris Olympics with a repeat showing. Amongst the stars of those games was U.S. swimming gold medalist Johnny Weismuller who later became known for his role in the Tarzan films.

Hoteliers are keen for a much-needed shot in the arm.

Although hotel occupancy rates are rising, up 7.2 percent at 76.9 percent in the first half of this year, they are short of the 80 percent rate hoteliers enjoyed in 2014 before Islamist militant attacks scared off tourists.

A successful Olympic legacy is far from assured for any city, with recent hosts enjoying contrasting fortunes.

The legacy of the Athens Games left derelict, run-down arenas and unused stadiums. Four years earlier, Sydney used the Games to develop an Olympic Park which is now a thriving commercial, residential and sporting suburb.

Four years after Athens, Beijing aimed to use the games to showcase itself as a progressive world power. London’s 2012 evoked a feelgood factor before domestic politics reversed that optimism. In 2016, while Rio’s games lacked a certain luster they underlined the South American nation’s ability to deliver in the face of economic and social adversity.
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Researchers in England are hoping to help root out modern-day slavery in northern India by using detailed satellite imagery to locate brick kilns — sites that are notorious for using millions of slaves, including children.

A team of geospatial experts at the University of Nottingham use Google Maps and dozens of volunteers to identify potential sites of exploitation and report them to authorities.

“The key thing at the moment is to get those statistics right and to get the locations of the brick kilns sorted,” said Doreen Boyd, a co-researcher on the “Slavery from Space” project.

“There are certainly activists on the ground that will help us in terms of getting the statistics and the locations of these brick kilns to [government] officials.”

Anti-slavery activists said the project could be useful in identifying remote kilns or mines that would otherwise escape public or official scrutiny.

“But there are other, more pressing challenges like tackling problematic practices, including withheld wages, lack of transparent accounting … no enforcement of existing labor laws,” said Jakub Sobik, spokesman at Anti-Slavery, a London-based nongovernmental organization.

Millions of people in India are believed to be living in slavery. Despite a 1976 ban on bonded labor, the practice remains widespread at brick kilns, rice mills and brothels, among others.

The majority of victims belong to low-income families or marginalized castes like the Dalits or “untouchables.”

Nearly 70 percent of brick kiln workers in South Asia are estimated to be working in bonded and forced labor, according to a 2016 report by the International Labor Organization. About a fifth of those are underage.

The project relies on crowdsourcing, a process where volunteers sift through thousands of satellite images to identify possible locations of kilns. Each image is shown to multiple volunteers, who mark kilns independently.

The team is currently focused on an area of 2,600 square kilometers in the desert state of Rajasthan — teeming with brick-making sites — and plans to scale up the project in the coming years.

Researchers are now in talks with satellite companies to get access to more detailed images, rather than having to rely on publicly available Google Maps.

The project is one of several anti-slavery initiatives run by the university, which include research on slave labor-free supply chains and human trafficking.
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In a change from chocolates and fizzy drinks, the French are starting to offer fresh oysters from vending machines in the hope of selling more of the delicacy outside business hours.

One pioneer is Tony Berthelot, an oyster farmer whose automatic dispenser of live oysters on the Ile de Re island off France’s western coast offers a range of quantities, types and sizes 24 hours a day, seven days a week.

French oyster farmers are following in the footsteps of other producers of fresh food who once manned stalls along roadsides for long hours but now uses machines.

“We can come at midnight if we want, if we have a craving for oysters. It’s excellent; they’re really fresh,” Christel Petinon, a 45-year-old client vacationing on the island, told Reuters.

The Ile de Re’s refrigerated dispenser, one of the first and with glass panels so customers can see what they are buying, is broadly similar to those that offer snacks and drinks at railway stations and office buildings worldwide.

Customers use their bank card for access, opening the door of their choice from a range of carton sizes and oyster types.

Berthelot, 30 years an oyster breeder, sees it as an extra source of revenue rather than an alternative to normal points of sale like food markets, fishmongers and supermarkets.

“We felt as though we were losing lots of sales when we are closed,” he said.

“There was a cost involved when buying this machine, of course, but we’re paying it back in installments … And today, in theory, we can say that the calculations are correct and it’s working.”

Selling oysters from a machine bets on more than just open-mindedness among consumers. Live mollusks not kept cool enough or stored too long out of seawater can cause food poisoning when opened.

The Berthelots say the machine has an appeal to a younger generation accustomed to buying on the internet and unperturbed by the absence of a shopkeeper.
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Nigeria will legalize illegal mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said Thursday, fulfilling a demand from community leaders.

On Monday, Niger Delta leaders threatened to pull out of peace talks with the government unless their demands were met by Nov. 1.

“The Federal Government has started the process of replacing illegal refineries in the region with modular ones,” the presidency said in a statement as Acting President Yemi Osinbajo met Niger Delta community leaders in Abuja.

Each of the Niger Delta states would receive two modular refineries to start up in the fourth quarter, the statement said.

Swampland poverty

The government has been in talks with community leaders since last year to end militant attacks on oil production facilities, which cut the OPEC member’s output by 700,000 barrels a day for several months last year.

But a military crackdown on thousands of illegal refineries in the southern swamps, which process crude oil stolen from oil majors and state oil firm NNPC, has raised tensions.

The refineries process stolen crude in makeshift pipes and metal tanks hidden in oil-soaked clearings deep in the southern swampland’s thick bush land.

Working on other demands

The Niger Delta leaders had presented President Muhammadu Buhari a list of 16 demands last November to drag the southern swampland out of poverty. The militants then halted attacks to give the talks a chance.

The presidency said it was also discussing with oil majors to move their regional headquarters to the Niger Delta, another demand from communities complaining they do not benefit from the crude in their region.

Osinbajo was appointed by Buhari to head Nigeria while Buhari is on medical leave in Britain for an undisclosed ailment.

Oil exports are now set to exceed 2 million barrels per day (bpd) in August, the highest in 17 months, up from just more than 1 million bpd at certain points last year, thanks to a steady decline in attacks on pipelines. 

 
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Under a best-case scenario, a newly negotiated North American Free Trade Agreement (NAFTA) would not be implemented before the end of next year or the start of 2019, Mexico’s economy minister said Thursday.

Among other issues, NAFTA talks would focus on how to provide more certainty in dispute resolutions, Economy Minister Ildefonso Guajardo said in a radio interview.

“According to the possible calendars of approval, the best of the scenarios that we could have … would be the start of implementation almost at the end of 2018 or the start of 2019,” Guajardo said.

Mexico has set out the goals of prioritizing free access for goods and services, greater labor market integration and a strengthening of energy security.

Last week, U.S. Agriculture Secretary Sonny Perdue said during a visit to Mexico that he hoped farm business with Mexico would not suffer due to President Donald Trump’s drive to get a better deal for manufacturers.

Speaking in Japan on Thursday, Mexican Foreign Minister Luis Videgaray said the best way to calm Trump’s worries about commerce with Mexico were through more trade, not less.

Videgaray said negotiators would need to be careful not to tweak trade rules on sourcing components too much or they could risk driving up the costs of goods like electronics.

“The important thing that we are not going to do is hurt the region’s competitivity, and much less the region’s consumers,” Videgaray said, according to a transcript.
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Women in the United States are starting bushiness at one and a half times the rate of their male peers. Effective entrepreneurship could help cut the economic gap between women and men, which the World Economic Forum says could otherwise take decades to close around the globe.  As VOA’s Jim Randle reports, experts say more than one-third of U.S. businesses are headed by women and they expect that percentage to grow.
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U.S. President Donald Trump may soon attempt to increase pressure on China to change its trade practices and do more to stop North Korea’s weapons programs.  

Reports in the financial press say President Trump may sign an order as soon as Friday to start an investigation of Chinese demands that foreign companies share technology secrets in exchange for access to the massive Chinese market.  That investigation could, eventually, lead to higher tariffs on Chinese-made products headed for the U.S. market, which is the world’s largest. Trade experts warn the action might violate U.S. commitments under the World Trade Organization.  

U.S. Commerce Secretary Wilbur Ross recently wrote that China’s trade practices, including forced technology transfer, are unfair, hurt U.S. exports, and contribute to a $347 billion deficit in the trade in goods between the United States and China.

As a presidential candidate, Trump harshly criticized China approach to commerce.  He has also said has said China, which is North Korea’s neighbor and major trading partner, could do far more to stop Pyongyang’s efforts to improve nuclear weapons and missiles.  U.S. experts warn that North Korean missile and bomb tests show that nation is a growing threat to the United States.

Trump’s tough stance on trade issues helped him win votes from working class voters who believe they have lost jobs due to unfair foreign competition.  His approach was a break with the traditional Republican pro-trade and pro-business stance.  Earlier this week, Trump’s Democratic party opponents accused Trump of talking tough about trade issues but failing to take effective action.

 
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Avon’s CEO will leave the company in March as the struggling beauty products maker continues a turnaround campaign.

Sheri McCoy has led the company for five years and sits on the board, but there has been some external pressure from activist investors for a change in leadership.

Avon said Thursday that it has hired an executive search firm to help find McCoy’s successor.

“The platform is in place for a new CEO to continue accelerating the pace of change and take Avon to sustainable profitable growth,” McCoy said in a company release.

Barrington Capital Group had been pushing for significant action at Avon since 2015, when it sent a letter saying that, “significant, immediate changes in leadership and strategic direction are needed.”

In March 2016 Avon announced that it was cutting 2,500 jobs and moving its headquarters from New York to the U.K.

Avon Products Inc. launched a three-year transformation plan last year and so far it has sold its North American business to private investment firm Cerberus Capital Management and realized $180 million in cost savings. But those efforts have been arduous.

The company on Thursday said it had swung to a loss of $45.5 million in the second quarter. It had an adjusted loss of 3 cents per share on revenue of $1.4 billion. Analysts surveyed by Zacks Investment Research predicted earnings of 6 cents per share on revenue of $1.44 billion.

Shares fell slightly in premarket trading.
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Deaths in U.S. coal mines this year have surged ahead of last year’s, and federal safety officials say workers who are new to a mine have been especially vulnerable to fatal accidents.

But the nation’s coal miner’s union says the mine safety agency isn’t taking the right approach to fixing the problem.

Ten coal miners have died on the job so far this year, compared to a record low of eight deaths last year.

The U.S. Mine Safety and Health Administration is responding to the uptick in deaths with a summer initiative, sending officials to observe and train miners new to a particular mine on safer working habits. The push comes during a transition for the agency, amid signals from President Donald Trump that he intends to ease the industry’s regulatory burden.

Federal inspectors powerless

The miner’s union, the United Mine Workers of America, says the agency initiative falls short. It notes federal inspectors who conduct such training visits are barred from punishing the mine if they spot any safety violations.

“To take away the inspector’s right to issue a violation takes away the one and only enforcement power the inspector and the agency has,” UAW president Cecil Roberts wrote in a recent letter to the federal agency.

Patricia Silvey, a deputy assistant secretary at the Mine Safety and Health Administration, or MSHA, said eight of the coal miners who died this year had less than a year’s experience at the mine where they worked.

“We found from the stats that category of miners were more prone to have an accident,” Silvey said in an interview with The Associated Press before the 10th death occurred at mine in Pennsylvania on July 25.

New miners die in accidents

Silvey pointed to a death last May at West Virginia’s Pinnacle Mine where a miner riding a trolley rose up and struck his head on the mine roof. She said the fatality could have been due to the miner’s unfamiliarity with the mine. The miner had worked there nine weeks, according to an accident report. And in the most recent death, a miner less than two weeks into the job at a mine in eastern Pennsylvania was run over by a bulldozer July 25.

Five of the 10 coal mining deaths this year have occurred in West Virginia, and two more in Kentucky. Alabama, Montana and Pennsylvania each had one coal mining death. Nine of the miners killed this year had several years’ experience working at other mines.

The mine safety agency’s injury numbers show that workers who were new to a mine had more than double the injuries. Going back to October 2015, miners who worked at a specific mine less than a year suffered 903 injuries, compared to 418 for miners working at a mine one to two years.

Training for miners

The mine safety agency says it will visit mines and “offer suggestions” on training miners who have been at a mine less than a year. Silvey said the union is correct that inspectors won’t be writing safety violations, but that the initiative “has in no way undermined our regular inspection program.”

The miner’s union said the federal agency should not expect safety suggestions to carry the same weight as citations and fines.

“To believe that an operator will comply with the law on their own free will is contrary to historical experience and naive on MSHA’s part,” the letter said.

Strong enforcement

A former MSHA official said the agency would be “tying the hands” of inspectors if they don’t allow them to write citations on the training visits.

“The record low fatal injury rate among coal miners in recent years is because of strong enforcement of the law,” said Celeste Monforton, who served on a governor-appointed panel that investigated West Virginia’s 2010 Upper Big Branch mine disaster that killed 29 miners. There were 12 coal mining deaths in 2015 and 16 in 2014.

“It would be a disgrace to see that trend reversed,” she said.

Phil Smith, a spokesman for the miner’s union, said the union’s safety department met recently with MSHA on the dispute, but MSHA maintained it has the authority to conduct observation visits without enforcement.

Safety boss’ position vacant

The mine safety agency’s top position has been vacant since former Assistant Secretary of Labor Joe Main left in January. Main, a former miner’s union official, focused on eliminating hazards at troubled mines by increasing aggressive inspections after West Virginia’s Upper Big Branch explosion. Main declined to comment.

Silvey said a vacancy at the mine safety agency’s top position hasn’t hindered their efforts. She said she knew of no timetable for hiring a new assistant secretary of Labor to oversee the mine safety agency.

“I know one thing, it’s a presidential appointment,” she said.
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Three top Democratic senators, in a rare show of bipartisanship, on Wednesday urged U.S. President Donald Trump to stand up to China as he prepares to launch an inquiry into Beijing’s intellectual property and trade practices in coming days.

Senate Democratic leader Chuck Schumer pressed the Republican president to skip the investigation and go straight to trade action against China.

“We should certainly go after them,” said Schumer in a statement. Senators Ron Wyden of Oregon and Sherrod Brown of Ohio also urged Trump to rein in China.

Tensions between Washington and Beijing have escalated in recent months as Trump has pressed China to cut steel production to ease global oversupply and rein in North Korea’s missile program.

Sources familiar with the current discussions said Trump was expected to issue a presidential memorandum in coming days, citing Chinese theft of intellectual property as a problem. The European Union, Japan, Germany and Canada have all expressed concern over China’s behavior on intellectual property theft.

U.S. Trade Representative Robert Lighthizer would then initiate an investigation under the Trade Act of 1974’s Section 301, which allows the president to unilaterally impose tariffs or other trade restrictions to protect U.S. industries, the sources said.

It is unclear whether such a probe would result in trade sanctions against China, which Beijing would almost certainly challenge before the World Trade Organization.

The Chinese Embassy in Washington said in a statement to Reuters that China “opposes unilateral actions and trade protectionism in any form.”

Leverage for talks

U.S. Section 301 investigations have not led to trade sanctions since the WTO was launched in 1995. In the 1980s, Section 301 tariffs were levied against Japanese motorcycles, steel and other products.

“This could merely be leverage for bilateral negotiations,” James Bacchus, a former WTO chief judge and USTR official, said of a China intellectual property probe.

Some trade lawyers said that WTO does not have jurisdiction over investment rules — such as China’s requirements that foreign companies transfer technology to their joint venture partners — allowing sanctions to proceed outside the WTO’s dispute settlement system.

But Bacchus argued the United States has an obligation to turn first to the Geneva-based institution to resolve trade disputes, adding: “There is an obligation in WTO to enforce intellectual property rights that is not fully explored.”

Lighthizer and Trump’s commerce secretary, Wilbur Ross, have complained the WTO is slow to resolve disputes and biased against the United States.

The threat comes at a time when Trump has become increasingly frustrated with the level of support from Beijing to pressure Pyongyang to give up its nuclear and missile program.

Trump has said in the past that China would get better treatment on trade with the United States if it acted more forcefully against Pyongyang. Beijing has said its influence on North Korea is limited.

China also says trade between the two nations benefits both sides, and that Beijing is willing to improve trade ties.

A senior Chinese official said Monday that there was no link between North Korea’s nuclear program and China-U.S. trade.

Wyden, the top Democrat on the Senate Finance Committee, wrote to Lighthizer urging action to stop China from pressuring U.S. tech companies into giving up intellectual property rights.

Wyden’s state of Oregon is home to several companies that could make a case regarding intellectual property rights and China, including Nike and FLIR Systems.
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