Tag: move

Posted in Money

Democrats, unions redouble push to move NLRB elections online

Democrats and unions are stepping up pressure on the National Labor Relations Board to conduct its elections electronically to avoid the risks of in-person voting during the pandemic but are clashing with conservatives warning about fraud — mirroring the debate in the presidential race.

The NLRB, which oversees the elections that determine whether workers may form unions, is forbidden from collecting votes electronically by language included in every congressional appropriations bill since 2012. Now, as social distancing requirements continue to jeopardize in-person voting, labor groups want Congress to delete that language from fiscal 2021 spending packages and direct the agency to form its own electronic election system.

Republicans and right-to-work groups counter that conducting elections electronically opens the door to fraud and coercion on the part of labor organizations, echoing a charge that President Donald Trump has leveled at efforts to expand mail-in voting in the November election.

“The risk

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Posted in Business

OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum

(Bloomberg) — Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve.

The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that ensued when the institution proposed tightening monetary policy in 2013.

Having successfully doubled crude prices over the past few months through unprecedented output cuts, the OPEC+ alliance led by the Saudis and Russia is poised to begin unwinding these stimulus measures. As fuel demand recovers with the lifting of coronavirus lockdowns, the producers are about to open the taps a little.

But as Greenspan’s successors discovered seven years ago, taking away the punch bowl carries its own risks.

A second wave of the pandemic threatens another slump in

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Posted in Finance

‘Do we still want to move?’ Homebuyers rush back in droves despite pandemic

Dr. Rishi Manchanda toured empty homes in Los Angeles, California. By appointment only. In gloves and masks, and six feet from the real estate agent. But even in a pandemic, Manchanda and his family were still ready to buy a home.

“Nobody knew what was coming and the housing experts we talked to were uncertain about the market,” Manchanda said. “So, it came down to a simple question: ‘Do we still want to move?’”

Read more: Coronavirus: Here’s what to do if you can’t pay your mortgage

For Manchanda and many other buyers, the answer remains yes. He’s part of the wave of homebuyers who are flooding the market after the coronavirus and state lockdowns halted the economy in April, interrupting the busiest home-buying season of the year.

Now they’re back — in spite of outbreaks and an unsteady economy — and they face old and new foes: a persistent

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