• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: Iran cannot be allowed to possess nuclear weapons.On July 24, the German Ministry of Defense stated in a statement that the German military will redeploy two ships from the Red Sea region to the Mediterranean "in the coming days." The ministry said the minesweeper "Fulda" and the supply ship "Moselle," which had previously been deployed to Djibouti for potential missions in the Strait of Hormuz after the Iraq War, will now be partially withdrawn due to the "volatile political situation" in the region.July 24th - The European Central Bank (ECB) is considering several options to alleviate its financial pressures, with discussions expected to enter a crucial phase this autumn. ECB President Christine Lagarde stated that policymakers will discuss raising minimum reserve requirements, i.e., increasing the proportion of funds commercial banks hold in non-interest-bearing accounts at the central bank. Furthermore, the ECB is also assessing options such as a tiered interest rate mechanism that no longer pays interest on some excess reserves, and charging banks fees. These measures aim to reduce the burden on national central banks and offset some of the losses from the stimulus policies of the past decade. The Eurosystem faces financial pressure due to the ECBs massive bond-buying program between 2015 and 2022, followed by rapid interest rate hikes in 2022-2023, which resulted in substantial interest payments to banks. Sources indicate that significant disagreements remain in the discussions surrounding this politically sensitive issue.Market news: Sources say European Central Bank (ECB) policymakers will discuss raising reserve requirements, tiered deposit rates, and fee mechanisms. Discussions surrounding the politically sensitive issue of the ECBs balance sheet losses are intensifying.July 24th - International oil prices continued to rise, with WTI crude oil surging 8.00% intraday to $93.87 per barrel. Brent crude oil surged 6.00% intraday to $96.11 per barrel.

Amazon union vote counts are scheduled on Thursday; turnout in Alabama has decreased

Haiden Holmes

Mar 31, 2022 10:40

V2.png


Reuters reports that On Thursday afternoon, labor board authorities anticipate to begin tallying ballots cast by Amazon.com Inc warehouse employees in New York City and Alabama in separate races that will determine if Amazon sees a U.S. workplace unionize for the first time.


Amazon workers in Bessemer, Alabama, voted in a re-election after rejecting joining the Retail, Wholesale, and Department Store Union (RWDSU) by a more than 2-to-1 majority last year. After discovering that Amazon had tampered with the vote, the National Labor Relations Board (NLRB) ordered a rerun.


The RWDSU reported on Wednesday that voter turnout in Alabama was down from last year. In the current election, around 39 percent of the 6,143 employees authorized to receive postal votes voted, down from more than 50 percent in 2021.


Workers in New York City's Staten Island borough had several hours remaining to vote on Wednesday, although turnout was not yet known.


The counts for Bessemer and Staten Island are provisionally slated to begin at 1 p.m. Eastern Time on Thursday, but that might change, according to an NLRB representative. Counting might take many days.


According to John Logan, a labor expert at San Francisco State University, the low participation may speak well for Amazon's union supporters.


"Supporters are more likely to be strong union voters," he added, adding that generalization was difficult. "Even a close election will be a type of morale booster and moral win for the RWDSU."


Amazon forwarded questions about the vote count and turnout to the National Labor Relations Board.


Parties in the Bessemer election, according to the RWDSU, have disputed hundreds of votes as invalid for counting, citing, for example, voters' employment dates, job classification, or other concerns.


These issues will be resolved once the remaining votes are tallied, and they have the potential to change the result of a tight election.