Former Canadian Finance Minister Bill Morneau breached conflict-of-interest rules by not recusing himself when the government awarded a contract to a charity he had close ties to, independent ethics commissioner Mario Dion said on Thursday.In a parallel probe, Prime Minister Justin Trudeau was cleared of having broken any ethics rules when WE Charity was tapped…
Fed’s Waller Joins Colleagues in Branding Inflation ‘Temporary’ (Bloomberg) — Christopher Waller on Thursday became the latest Federal Reserve governor to try and dampen expectations for central bank action to curb rising prices that he sees as “temporary.” Waller, the third governor to speak this week, said that while inflation above the Fed’s 2% goal…
The U.S. Department of Labor on Thursday delayed until November 2022 the effective date of a Trump administration rule significantly raising the minimum wages employers must pay to highly skilled H-1B visa holders.DOL in the rule said that putting off the new wage rates for 18 months “will provide a sufficient amount of time to…
A Pennsylvania federal judge has whittled down employees’ claims against convenience store chain Wawa Inc in litigation over a 2019 data breach of its point-of-sale systems.U.S. District Judge Gene Pratter in Philadelphia on Wednesday granted Wawa’s motion to dismiss a set of claims over an alleged failure to pay assistant general managers overtime wages, while…
© Reuters. FILE PHOTO: U.S. Sen. Martin Heinrich (D-NM) speaks during a Senate Intelligence Committee nomination hearing for Rep. John Ratcliffe (R-TX), on Capitol Hill in Washington, U.S., May 5, 2020. Andrew Harnik/Pool via REUTERS//File Photo By Valerie Volcovici WASHINGTON (Reuters) – Democratic Senator Martin Heinrich on Thursday introduced a bill that would help states…
During a typical spring, the silver young salmon swimming in long tanks at the Nimbus Fish Hatchery east of Sacramento would be released into the American River and then make their way out to the Pacific Ocean to grow to adulthood.
The United States and Russia are lowering expectations for big breakthroughs at a superpower summit between U.S. President Joe Biden and Russian President Vladimir Putin, with the adversaries in no mood to make concessions on their bitter disagreements.The summit details – location, time and agenda – are still being negotiated by the two sides with…
Former White House counsel Don McGahn agreed Wednesday to speak with the House Judiciary Committee about former President Trump’s alleged attempts to obstruct the Russia investigation — with certain conditions, per a court filing.Why it matters: The agreement ends a two-year standoff after McGahn, a key player in former special counsel Robert Mueller’s investigation, repeatedly…
A bigger-than-expected increase in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could tilt the Federal Reserve toward raising interest rates.Several investors said the consumer price index report released on Wednesday was not enough to prompt the Fed to change its course. But the news, which fueled…
Asian shares faced a third day of losses on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.”Higher inflation is a definite negative for equities, given the likely rates response,” said Deutsche Bank macro strategist Alan…
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