Frontier Gun Maker Remington Seeks Bankruptcy Protection

By Associated Press – Re-Blogged From Newsmax

Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection.

Mounting debts at the arms manufacturer have snowballed, ironically, since the election of Donald Trump, who has called himself a “true friend” to the gun industry.

Remington, which as roots dating to 1816, has lined up $100 million with lenders to continue operations.

It remains unclear what will happen to the 3,500 or so employees at Remington as it reorganizes.

Image: Frontier Gun Maker Remington Seeks Bankruptcy Protection

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What Trends We’re Tracking on International Women’s Day

Re-Blogged From Stratfor

The shift from a premodern farming society to a modern industrialized society, for example, hinged on the increased participation of women in the workforce. Many nations today, such as Japan, face demographic decline or economic stagnation. And in order to maintain growth, these countries are being forced to combat the legal and social barriers that have kept women out of the workforce. Even in regions such as the Middle East and North Africa, where women have explicitly been prevented from participating in public life, governments are hoping to encourage growth by embracing reform efforts that incorporate women into their economies.

A woman with the female gender pictogram made up on her face attends a demonstration as part of the 40th International Women's Day on March 8, 2017 in Marseille.

(ANNE-CHRISTINE POUJOULAT/AFP/Getty Images)

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Wage Inflation Coming. Does This Mean Spiking Interest Rates?

By John Rubino – Re-Blogged From Dollar Collapse

Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.

While he was working I asked him how business was going. He claimed to be swamped to the point of turning away jobs. I asked why he doesn’t hire more plumbers to leverage his client list. Because, he replied, there are no available plumbers: “If a plumber is unemployed today there’s a really good reason for it.” In other words the home maintenance part of the labor market is hot and getting hotter.

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Youth Unemployment: The Middle East’s Ticking Time Bomb

Re-Blogged From Stratfor

Highlights

  • With labor markets in the Middle East and North Africa swamped due to a baby boom, countries in the region will continue to face the acute challenge of massive youth unemployment.  
  • Though each state struggles with its own circumstances, most countries will face daunting hurdles as they try to build strong private sectors. 
  • Even if these states do foster more robust private sectors, they may not be able to mitigate the economic hardship when it hits their citizens, due to the uncontrollable nature of the free market. 

Five million workers are set to enter the Middle East's job market each year, even as gainful employment is in short supply.

(HAIDAR HAMDANI/AFP/Getty Images)

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GM Plant Shutdown Shocks South Korea

By Thomson Reuters – Re-Blogged From Newsmax

Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit.

In what they thought were meet-and-greet introductions, senior officials agreed to work with the global automaker on problems at GM Korea, according to South Korean officials with direct knowledge of the meetings.

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Who Is Going to Suffer From Automation?

By Kristin Houser – Re-Blogged From Futurism

Educated Guesses

Thanks to rapid advances in the fields of artificial intelligence (AI) and robotics, smart machines that would have once been relegated to works of science-fiction are now a part of our reality.

Today, we have AIs that can pick apples, manage hotels, and diagnose cancer. Researchers at MIT have even developed an algorithm that can predict the immediate future. If only they could train it to predict how automation is going to impact the human workforce…

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Jobless Claims Fall as Job Market Strengthens

By Thomson/Reuters – Re-Blogged From Newsmax

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year.

Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 230,000 for the week ended Jan. 27, the Labor Department said on Thursday. Continue reading