News 

Cops who lost jobs after police department merger get $1.2M settlement

“In 2017, Newfield Borough and Franklin Township entered a shared services agreement to have Franklin take over policing duties in Newfield” writes For Nj Com for nj.com. A $1.2 million settlement has been reached in a lawsuit brought forth by police officers who were laid off after a shared services agreement between two Gloucester County municipalities.The officers also allegedly would have been paid more if hired by Franklin Township due to terms in a collective bargaining agreement. Source: nj.com

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Wells Fargo must offer 66 jobs to people it rejected in 2014

“Wells Fargo must offer 66 jobs to female and African American applicants it rejected five years ago, now that the U.S. Labor Department found the bank discriminated against them” writes Bloomberg Delivers Business for latimes.com. Wells Fargo must pay about $600,000 in back wages, benefits and interest to individuals, and it must offer jobs to original applicants as they open up.Wells Fargo agreed to revise its selection process and train hiring managers to eliminate the discriminatory practices. “While Wells Fargo strongly disputes the allegations, we believe that putting this matter…

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German bank regulator tells banks cutting fat is not enough, magazine reports

“No large bank mergers including a German bank have taken place in the recent past” writes Midwest Communications Inc for 95kqds.com. BERLIN (Reuters) – The head of German financial regulator BaFin called on banks to restructure amid challenges from a weakening economy and persistently low interest rates, the German business magazine Wirtschaftswoche reported on Thursday.Merger talks between Deutsche Bank Since then, Deutsche Bank has announced a restructuring that will eliminate 18,000 jobs.BaFin is not opposed to large tie-ups among banks, including cross-border mergers, Hufeld said, although he added that the…

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Only One Hurdle Remains For Close Of Sprint, T-Mobile Merger

“Sprint and T-Mobile have now cleared the final official hurdle before they can close on their proposed merger, following reports that the FCC has now approved the deal” reports androidheadlines.com. The results of those delays include several concessions Sprint and T-Mobile are jointly making to make sure the merger doesn’t create problems.Not included in those job figures, T-Mobile and Sprint have claimed that as many as 600 new stores could be opened in that timeframe if the merger is allowed to close.The FCC approved the deal today. Source: androidheadlines.com

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AUD News 

Australia unemployment rate dips, still long way to go

“That helped nudge the jobless rate down a tick to 5.2%, from a one-year peak of 5.3%, the first drop since February when it got as low as 4.9%” writes Midwest Communications Inc for 95kqds.com. Yet the jobless rate still remains well above the RBA’s aspirational goal of 4.5%, and further declines would likely be needed to lessen the case for more stimulus.”But employment surveys point to jobs growth slowing and we expect unemployment to reach 5.5% by early next year.”. “Almost all of the strength in employment growth over…

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News 

We all hate each other too much to have a federal jobs guarantee

“There are many problems with a federal jobs guarantee” reports washingtonexaminer.com. When my brother John interviewed his Brooklyn neighbors on what jobs should be funded by a jobs guarantee, he got these answers: “[P]roviding legal assistance to accused criminals, making use of the skills of unemployed attorneys. It’s hard to create a federal workforce to advance the common good when the things one third of this country believes to be the common good, another third of this country believes to be evil.My brother’s other ideas, as I summarized it at…

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Andrew Yang forces Democratic debate on Universal Basic Income, his plan to send every adult a $1K check

“I am for the spirit of a federal jobs guarantee, but you have to look at how it would actually materialize in practice” reports washingtonexaminer.com. Bernie Sanders’ plan for a federal jobs program.Elizabeth Warren argued that the jobs problem was primarily the result of bad trade policy brought about by corporate influence.He added that a federal jobs guarantee “does not take into account the work of people like my wife who is at home with our two boys, one of whom is autistic.”.  Source: washingtonexaminer.com

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GBP News 

Citi’s Head of Euro Swaps Leaves Amid Relocations to France

“Estimates of the impact of the worst-case scenario on the jobs figures vary, but some reports expected that London could lose up to 250,000 financial jobs” writes Aziz Abdel-qader for financemagnates.com. Citigroup is reportedly parting ways with its long-serving executive Jason Cohen, the head of euro swaps trading, as the US bank is boosting its operations in France ahead of Brexit, efinancialcareers reports.The Wall Street lender revealed plans last year plans to relocate 63 jobs out of London, as it prepares for the possibility of a hard Brexit.The French capital,…

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News 

Target accidentally proves the case against the $15 minimum wage

“In 2017, the retail giant Target made for announcing plans to gradually increase its minimum wage to $15 an hour” reports washingtonexaminer.com. All things considered, this wage increase clearly backfired on Target employees it was supposed to help.CNN Business dozens of Target employees, who “say hours have been scaled back even as Target has increased starting wages.Even more severe consequences would likely emerge if a government mandate forced even financially struggling businesses (Target is doing well) to increase their minimum wage to $15.They really cut those hours back from them…

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