Weak Employment Data, Savings Out Of Bullets

Personal income fell -2.7% in August. Still, consumer spending rose 1.0% M/M. What Gives?

The economy is still very much an employment story. While the official U3 unemployment rate fell to 7.9% from 8.4%, the underlying data was, simply put, “ugly!”

“Excess” Savings

Indonesian protesters push repeal of Job Creation Law

JAKARTA: Angry Indonesian activists took to the streets on Tuesday, a day after parliament rushed to pass into law the controversial Omnibus bill on job creation, which government officials say will lure more investments to the country, but protestors argue will promote a “contemporary form of slavery.”

“Both the House

CA Law Requires Employers to Submit Annual Pay Data Reports

A bill recently signed into law in California will require private employers to submit annual “pay data reports” to the Department of Fair Employment and Housing (“DFEH”) beginning in March 2021. The California law implements a previously announced program rolled back by the Trump administration to expand federal reporting requirements

Transfer of employment under Thai labour laws

Amendments to Thailand’s Labour Protection Act (LPA) on May 5, 2019, ushered in significant changes to a variety of labour laws, resulting in increased statutory severance pay, increased maternity leave benefits, implementation of paid necessary business leave, changes in wage payments during temporary suspension of business, interest payments for non-payment

Churches, schools sue Virginia over new LGBT rights law

Calvary Road Baptist Church in Alexandria, Virginia | Google Maps

A group of churches and private schools, as well as one pregnancy center, have sued Virginia over a recently enacted law extending anti-discrimination employment protections to include

Modi government rams half-dozen anti-worker, anti-farmer laws through India’s parliament

Flouting longstanding parliamentary norms and procedures, the Narendra Modi-led Bharatiya Janata Party (BJP) government rammed a half-dozen blatantly pro-corporate farmer and labour “reform” laws through an abbreviated “Monsoon session” of India’s parliament last month.

Workers shout slogans during a general strike in Ahmadabad, India, Wednesday, Jan. 8, 2020 [Credit: AP

Labour law reforms: Enough to attract China-refugees?



a boat docked at a dock: Along with the sharp cuts in corporate tax rates, India suddenly looks a lot more attractive for those looking to relocate from China; indeed, Apple and several others in the mobile-manufacturing space are getting even more benefits. (Representative image)


© Provided by The Financial Express
Along with the sharp cuts in corporate tax rates, India suddenly looks a lot more attractive for those looking to relocate from China; indeed, Apple and several others in the mobile-manufacturing space are getting even more benefits. (Representative image)

Perhaps the best thing about