économie
Newberry Springs (United States) (AFP) - "Sheriff's Department! Search Warrant," shout armed officers as they enter a property in the heart of the Californian desert, where they soon find hundreds of illegal cannabis plants. Marijuana was fully legalized in the state in 2016 following a public vote, in a move that proponents said would bring an end to a huge black market and the crime and nuisance associated with it. In reality, the sector has boomed, with illegal growers tempted by the promise of fat profits for operators who don't have to worry about licenses, standards and even paying for t...
AFP
Havana (AFP) - Cuban cardiologist Alexey Lopez, 59, is sleeping a bit better since his salary got a bump -- part of government efforts to stop its renowned health care system from bleeding doctors amid the island's worst economic crisis in decades. But Lopez fears the wage boost will not be enough to lure back his colleagues who are among some 40,000 Cuban medical staff that quit in 2022 and 2023, according to official figures. He told AFP "we were losing sleep" making ends meet before incentive bonuses were introduced last month for night and weekend shifts, seniority, and work in specialize...
AFP
New York (AFP) - Storied auction house Sotheby's reported on Monday that sales had dipped last year to $7.9 billion, down $100 million from the record-breaking 2022 which was lifted by pent-up demand following the pandemic. The $7.9 billion total for 2023, which includes everything from art auctions to classic car sales, is down 0.8 percent from the previous year, but up 40 percent up on 2019, the last year before the pandemic hit. "Against a more challenging market backdrop, Sotheby's sustained its momentum through successful sales of fresh-to-market masterpieces and high value lots in its co...
AFP
Washington (AFP) - Former US president Donald Trump campaigned on the economy during his failed reelection bid in 2020 and it remains a major theme in his push to retake the White House again in 2024. Inflation and high interest rates are at the heart of Americans' concerns as Trump steers towards a probable November rematch with President Joe Biden. Here are three subjects likely to feature among his economic priorities if he returns to the White House: Tariffs and US-China trade"When companies come in and they dump their products in the United States, they should pay automatically, let's say...
AFP
Las Vegas (AFP) - Technology causes us to lose sleep, but can it also give it back? Companies aiming to help insomniacs, inveterate snorers and nap lovers showed off their latest gadgets at the Consumer Electronics Show in Las Vegas. "We are the world's first AI powered... sleep tracker and personal sleep stimulator that enhances deep sleep and also the time to fall asleep," said Kimi Doan, Investment Manager at Earable neuroscience. She presented the "Brainband," recently launched for almost $500. Designed as a cushioned crown, the band's gold-plated sensors analyze brain activity in real tim...
AFP
New York (AFP) - Three big companies in the gig economy -- Uber, Doordash and Grubhub -- lost a court battle Thursday in New York after a judge upheld a new minimum wage for app-based food delivery workers who became essential during the pandemic. The new law mandating that the platforms pay the couriers more -- at least $18 per hour starting in October -- was supposed to go into effect in July, before the companies sued to obtain a restraining order. Judge Nicholas Moyne of the State Supreme Court put the new law on hold while he deliberated, but on Thursday he ruled against the plaintiffs an...
AFP
Washington (AFP) - Millions of Americans braced Monday for pay and welfare checks to stop within days as Congress careened toward a damaging government shutdown, with Republican right wingers blocking attempts to pass a budget. Four months after barely avoiding the more serious prospect of a credit default, the world's largest economy is once again on the verge of a convulsion, with the lights due to go out at the weekend. Republicans leading the House of Representatives -- hamstrung by hardline rebels demanding deep spending cuts -- have been unable to pass the usual series of bills setting o...
AFP
Washington (AFP) - The United States is less than two weeks away from a potential government shutdown, with the stakes increasing as lawmakers struggle to agree on a short-term spending bill. Several budget bills are currently being discussed in Washington, but none have enough votes to clear both the Democrat-majority Senate and the Republican-controlled House of Representatives. Lawmakers have until midnight on September 30 to reach an agreement, before funding for government services is due to dry up. Government shutdowns put at risk the finances of hundreds of thousands of workers who may ...
AFP
Milwaukee (AFP) - As criminal charges against Donald Trump mount, his rival for the White House President Joe Biden is determined to avoid commenting on the Republican's legal troubles. A day after Trump was indicted for the fourth time, for alleged racketeering and election interference in Georgia, Biden delivered a public speech in another key swing state, Wisconsin, focused on wind power and job creation. In a factory busy with new orders for wind turbines, the Democrat boasted of new jobs and investments linked, in his view, to the major energy and infrastructure policies he has enacted d...
AFP
Washington (AFP) - If he had it to do over, he would probably choose another name: A year on, Joe Biden is struggling to sell Americans on the benefits of the Inflation Reduction Act. The hugely ambitious project is aimed at speeding America's transition to clean energy, rebuilding its industrial might and increasing social justice. On August 16, 2022, when the US president signed the $750 billion plan into law, the country was in the midst of a dramatic surge in prices that was battering the Democratic leader's popularity. So "the Inflation Reduction Act" seemed a logical name, even though t...
AFP
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