Tag #Economy

elpais.com
🌐 75% Global Worthiness
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Colombia's Fiscal Crisis: Low Revenue, Underfunded Budget Spark Default Fears

Colombia's government faces a critical fiscal challenge due to low tax revenue in 2024, an underfunded 2025 budget, and slow execution of current funds, sparking a political debate about a proposed tax reform and raising the risk of a potential default.

Progress

40% Bias Score

No Poverty
english.elpais.com
🌐 75% Global Worthiness
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California Minimum Wage Increases to $16.50 in 2025

California's minimum wage will rise to $16.50 per hour on January 1, 2025, due to inflation-linked adjustments and state law, despite the defeat of Proposition 32, which would have increased it to $18 per hour. Many cities and counties have implemented even higher rates, creating a complex system fo...

Progress

12% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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"Slow Progress in Valencia Flood Reconstruction Under Military Leadership"

"Following devastating floods in Valencia, the appointment of a retired lieutenant general to lead reconstruction efforts has yielded slow progress after 20 days, marked by a lack of budget, a vague plan, and limited engagement with affected municipalities, raising concerns about the effectiveness o...

Progress

56% Bias Score

Sustainable Cities and Communities
elpais.com
🌐 75% Global Worthiness
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Gijón Court Rules Against Banco Sabadell for Abusive Floor Clause Agreement

A Gijón court ruled against Banco Sabadell for an abusive agreement with a client to remove a floor clause in exchange for abandoning legal action, citing insufficient information provided to the client regarding the financial and legal ramifications; this sets a precedent for future cases.

Progress

24% Bias Score

Reduced Inequality
lemonde.fr
🌐 75% Global Worthiness
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Electric Vehicle Battery Reliability Confirmed by Large-Scale Study

A large-scale study of over 40,000 electric and hybrid vehicles by My Battery Health found that only 6% showed charge capacity below 80% after five years and 88,000 kilometers, dispelling concerns about battery unreliability and supporting manufacturers' eight-year warranties.

Progress

40% Bias Score

Affordable and Clean Energy
foxnews.com
🌐 75% Global Worthiness
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485 Fortune 500 Companies Maintain DEI Commitments Despite Recent Rollbacks

Despite recent rollbacks by some companies like Walmart, a new report finds that 485 of the 500 largest US companies maintain Diversity, Equity, and Inclusion (DEI) commitments, highlighting the ongoing tension between public pressure and corporate support for these initiatives.

Progress

68% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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"Eurozone Economic Growth Revised Downwards, Fragmentation Hinders Collective Action"

"The Eurozone's economic growth is projected to be below 1% in 2024, significantly lower than previously predicted, reflecting structural issues in major economies and leading to fragmented national responses to the crisis, hindering collective action."

Progress

36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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"Pobreza laboral en España: El impacto del SMI y la intensidad del trabajo"

"Un estudio revela que, si bien la subida del SMI de 2019 tuvo un impacto limitado en el empleo, el 14% de los trabajadores españoles aún viven en pobreza, siendo la baja intensidad laboral un factor clave."

Progress

28% Bias Score

No Poverty
elpais.com
🌐 75% Global Worthiness
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Spain Lags in Intangible Asset Investment, Despite Post-Pandemic Surge

A new report reveals Spain's lagging investment in intangible assets compared to other advanced economies, highlighting regional disparities and the underinvestment in public services, despite a post-pandemic surge.

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
smh.com.au
🌐 75% Global Worthiness
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Labor's Support Plummets to New Low Amid Economic Concerns

A Resolve Political Monitor survey reveals a sharp decline in Labor's primary vote to 27 percent, the lowest since the last election, with 59 percent of voters feeling worse off economically, while the Coalition is favored to improve the economy and leads in two-party preferred terms by 51 to 49 per...

Progress

52% Bias Score

No Poverty
english.elpais.com
🌐 75% Global Worthiness
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12.5 Million Workers Serve the Super-Rich: A Booming Industry

A Morgan Stanley study reveals over 12.5 million people globally work for the super-rich, with salaries ranging from $67,000 for gardeners to $151,000 for estate managers, a number fueled by the 626,000 individuals with a net worth exceeding $30 million.

Progress

40% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 75% Global Worthiness
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"Chanel's 19M Showcases Lesage's Centennial, Addressing Luxury Industry's Skilled Labor Shortage"

"Chanel's 19M artisan center in Aubervilliers opened in 2022 and currently hosts an exhibition celebrating the centennial of the embroidery house Lesage, showcasing its 75,000 embroidery samples and collaborations with various brands and artists, addressing the luxury industry's skilled labor shorta...

Progress

48% Bias Score

Decent Work and Economic Growth