US to impose new costs on Russian evasion of oil price cap



CNN
 — 

The Biden administration is set to announce new measures to raise the cost of Russia’s attempts to skirt a limit set on the price for its oil, a senior administration official told CNN, as the West aims to enforce more strictly a price cap first introduced nearly a year ago.

The new sanctions, part of a series of actions set to be announced Thursday, would primarily target the illicit fleet of ships the Kremlin has built up in the last year for the purpose of transporting its oil and oil products and selling them above price limits put in place by the West.

The senior administration official told CNN the policy process has been underway for several months.

In December 2022, the United States, G7 allies and Australia banned the purchase of Russian oil above the price of $60 per barrel if it was shipped, insured or financed by the West. The policy’s goal was to cut off revenues to Russia – used to fund the country’s invasion of Ukraine – while still keeping enough oil on the market to limit disruptions for global consumers.

But the Kremlin began establishing a workaround by sourcing other means to ship and insure energy and sell it above the cap. In early October, Treasury Secretary Janet Yellen told reporters that recent market prices for Russian oil suggested there had been a “reduction in effectiveness” of the price cap.

Yellen is expected to discuss the price cap and its enforcement with her G7 counterparts in Marrakech this week, where the International Monetary Fund and World Bank are holding their annual meetings.

Speaking from Marrakech, Yellen said the policy had “significantly reduced Russian revenue,” while also acknowledging Russia was spending “huge amounts on its alternative ecosystem” to export energy products.

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China Refuses ‘Sustained Conversation’ with US on Fentanyl Crisis, Ambassador Says

USA – Voice of America 

The Biden administration’s top diplomat to China on Wednesday predicted an increase in tourism, commercial flights, and people-to-people ties between the world’s two largest economies but said talks to form a working group on the fentanyl crisis have stalled.

Addressing a live-webcast gathering of the National Committee on United States-China Relations, Ambassador Nicholas Burns made the comments just weeks before Chinese Foreign Minister Wang Yi is to arrive in the U.S. for meetings with administration officials on bilateral trade, fentanyl and other topics expected to shape future top-level meetings.

Travel, tourism

Wednesday’s event, held in Beijing, came as travel between the countries is rising.

“Right now, there are 24 direct [commercial] flights per week,” said Burns. “That is doubling this month, so it’d be 48 flights by the end of this month.”

Burns also told the group the Biden administration is “working hard” to expand the number of direct flights between the U.S. and China, which saw nearly 340 each week before the pandemic.

Burns said he expects to see an increase in tourism “maybe slowly but surely” as the two governments work to promote it. While the administration does not support an economic “decoupling” with China — a gradual severing of commercial and financial ties — Burns said “people-to-people contacts had been decoupled” at the official and unofficial level in previous years.

“There will be a U.S.-China tourism summit in Xian in the spring of 2024, and then another summit in the United States in 2025,” Burns said, adding that 2022 saw only some 160,000 Chinese tourists in Los Angeles compared to an estimated 1.2 million in 2019.

Fentanyl

Burns urged China to act to stop the flow of precursor chemicals to drug cartels and work with the U.S. to address the fentanyl crisis.

“The diplomatic problem is that the Chinese refused, as of now, to have a sustained conversation with us for how we can work to prevent Chinese companies from exporting precursor chemicals to the drug cartels in Mexico, and 90% of the precursor chemicals that the drug cartels use come from Chinese companies.”

Last week, the U.S. Justice Department announced a sweeping crackdown on the global fentanyl network, charging eight Chinese chemical companies and 12 of their employees in connection with the deadly opioid crisis ravaging the United States. This is the second time the department has charged Chinese companies and their employees for trafficking fentanyl precursor chemicals into the United States.

During Secretary of State Antony Blinken’s trip to Beijing in June, he said both the U.S. and China agreed to “explore setting up a working group or joint effort” to stop the flow of synthetic drugs and precursor chemicals into the U.S. that contribute to the fentanyl crisis. U.S. officials have admitted both countries are not yet at the point of establishing the fentanyl working group.

Biden-Xi meeting at APEC?

“We have 1,000 differences between our governments, and we have areas where we can work together, but we’ve got to live in peace. We’ve got to find a way to communicate,” Burns said, alluding to an upcoming meeting between administration officials and China’s top diplomat later this month.

Biden on Friday said he could possibly meet with Chinese President Xi Jinping next month on the margins of Asia-Pacific Economic Cooperation summit in San Francisco, although such a meeting has not been set up.

“I always think communication is important, but it has to be framed within our values,” said Democratic Senator Ben Cardin, who now chairs the Senate Foreign Relations Committee.

“I think Xi understands that about our concerns of the economic warfare, that we’ve seen the human rights violations, the support for Russia’s aggression [in Ukraine], our concerns about ethnic communities, we are concerned about Taiwan,” Cardin recently told VOA’s Mandarin Service.

Israel-Hamas

As Blinken arrives in Israel on Thursday to express unwavering U.S. support for Israel’s right to defend itself, Washington is providing ammunition, Iron Dome interceptors, and other defense material to bolster Israel’s security.

Burns said the U.S. is disappointed with China’s initial reaction to Hamas attacks on Israel, “which was very neutral and very flat and did not at all express any sensitivity to the loss of life.”

Shortly after Senate Majority Leader Chuck Schumer raised that concern directly with Xi, China later issued a statement saying it “condemns actions that harm civilians” without naming Hamas. China also insists on implementing the two-state solution and establishing an independent Palestinian state.

“Hamas does not accept the two-state solution,” said Burns. “Hamas does not accept the state of Israel. Hamas, by its very creed, wants to destroy the state of Israel and kill Israelis.”

Asked if he believes China can assume a larger role brokering Middle East peace, Burns said he does not “see real indications of that.”

Like Russia, China views Hamas as a legitimate representative of the Palestinians in Gaza and maintains a healthy relationship with the group, according to Giorgio Cafiero, an adjunct assistant professor at Georgetown University.

Cafiero told VOA on Wednesday that while China and Israel have maintained deep economic relations since they established diplomatic ties in 1992, Beijing has tried to avoid taking sides in the region’s conflicts and has consistently opposed the Israeli occupation of Palestinian territories.

Some analysts said the Israel-Hamas conflict has challenged China’s diplomatic efforts in the Middle East.

“There’s no prospect for China to mediate any kind of Israeli-Palestinian peace deal,” said Seth Jones, director of the International Security Program at the Washington-based Center for Strategic and International Studies. “Based on the Chinese decision not to condemn a Hamas activity, they’re going to be looked at with deep suspicion by the Israelis.”

“Time will tell, but my expectation is that China’s cautious response to Hamas’s attack on Israel will expose the limits of [the People’s Republic of China] influence in the region,” Ryan Hass, a former U.S. National Security Council China director and now a scholar at the Washington-based Brookings Institution, posted on X, formerly known as Twitter. “Beijing historically has been wary of being drawn into taking sides. I don’t expect that will change now.”

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Morgan Stanley says these 3 global stocks will be winners in a world where data is king

US Top News and Analysis 

Data is set to play a big role in creating new products and services while boosting productivity, and three companies are “well positioned” to be “winners,” according to Morgan Stanley . In an Oct. 9 research note, the bank’s analysts, led by George Webb, named British information and analytics player Relx , Dutch professional information and software solutions provider Wolters Kluwer and publishing and business intelligence platform Informa as three “high-quality businesses forming the foundations of the data economy.” These stocks were chosen for offering structural mid-single-digit percentage growth, high and durable margins (with adjusted earnings before interest and taxes exceeding 25%), and high cash conversion with strong market positions. The analysts see Relx and Wolters Kluwer benefiting from “clear opportunities” from generative artificial intelligence. Managing data and technology are core to both businesses. “Relx and Wolters combine proprietary data with large, multi-sourced datasets, and add further value through opinionated content, analytics, or workflow tools,” they wrote, adding that this “creates significant barriers to entry and we see new AI use cases as strengthening their moats over time.” Meanwhile, Morgan Stanley is less bullish about Informa’s prospects in generative AI, saying its opportunities in the area are less clear, given its role as an events organizer. However, the investment bank notes that its “digital transformation holds promise.” Relx and Wolters Kluwer The bank raised its forecasts for Relx and Wolters Kluwer, giving both an overweight rating. It now has a price target of £3,260 ($4,007.63) for Relx — giving it around 12% potential upside from its Oct. 4 close. Its price target for Wolters Kluwer is 142 euros ($150.59), or around 18% upside. Relx also trades on Nasdaq. “We defensively position in an uncertain macro. Relx and Wolters Kluwer represent safe ports in a storm. While there is a risk of concentrated investor positioning, our raised forecasts are above consensus, and we see the valuation re-ratings of the past few years as justified, given they are two of a relatively small group of low-cyclicality, high-quality compounders in Europe,” Morgan Stanley’s analysts wrote. REL-GB YTD mountain Year-to-date share price of RELX. For Relx, the analysts see “clear tangible market opportunity” from Lexis+ AI — a generative AI platform centered on legal work. It was developed by Relx’s subsidiary LexisNexis, which provides legal services. WKL-NL YTD mountain Year-to-date share price of Wolters Kluwer. They like Wolters Kluwer for its software business, which generates around 45% of its revenue. The bank said Relx and Wolters Kluwer share some of the positive qualities of European software companies, citing structural growth and high recurring revenue, among other factors. While the bank notes the two companies’ growth rates lag behind the European software sector, it considers the two stocks “less volatile” than the average European software company “by virtue of their scale and diversification.” Informa The bank is is equal-weighted on Informa, saying it is keeping a watch on it and will track its “digital drive with interest.” Morgan Stanley has a price target of £790 on the company – giving it an 8.5% upside from its Oct. 10 close. — CNBC’s Michael Bloom contributed to this report.

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Is India still a bright spot? IMF upgrades growth, but economists say it will be a bumpy ride

US Top News and Analysis 

Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023.
Bloomberg | Bloomberg | Getty Images

The International Monetary Fund has raised its growth forecast for India, saying the country’s growth will remain strong in 2023 and 2024 — but analysts warn there will be headwinds ahead.

According to the IMF’s October update of its World Economic Outlook., India’s economy will grow 6.3% in 2023, an increase from an earlier forecast of 6.1%. 

Economists who spoke to CNBC are also bullish about India’s growth, attributing the economy’s growth to an increase in consumption, infrastructure spending, and more businesses being set up — but they say geopolitical risks and inflation concerns will be challenging.

“India will continue to be a bright spot in the global economic picture,” Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis said.

The country “has been favored by foreign investors in recent years, reflecting its promising long-term outlook helped by a youthful demographics and a fast-expanding middle class. We expect such a trend to continue,” she told CNBC.

Consumer spending remains one of the biggest growth drivers in the world’s most populous nation, she added.

VIDEO3:1003:10
Rising oil prices and strong U.S. dollar are a ‘double whammy’ for India, says asset management firm

India’s consumer market is set to become the world’s third largest by 2027 as the number of middle to high-income households rise, according to a report by BMI, a Fitch Solutions research unit.

“India is on the map. There is a lot of pent-up demand and sentiment is very positive. There is a sense that India is back on the frontline and the propaganda in the media helps consumption too,” she added. 

India’s government has “taken several steps to improve businesses and this is attracting global and local investors,” said Nilesh Shah, managing director at Kotak Mahindra Asset Management.

“The China-plus-one strategy is also pushing relocation of global supply chains and India will be a beneficiary,” he added.

India is on the map. There is a lot of pent-up demand and sentiment is very positive.
Alicia Garcia-Herrero
chief economist for Asia Pacific, Natixis

The optimism in India’s growth story is partly because more Indians are choosing to work or set up businesses in the country rather than “moving to the Western world in search for better opportunities,” Shah said. 

“The West is less appealing than it used to be,” Garcia-Herrero said. “And India is more appealing than it used to be — at least for very talented people.”

Headwinds remain

While the IMF maintained it’s 2024 projection of 6.3% growth in India, economists are expecting the country to face a slew of headwinds.

“Widening current account deficit, resurging inflation and heightened geopolitical tensions would be the major headwinds for India,” Garcia-Herrero warned. 

Although India’s “pre-election environment is quite conducive to growth,” the Reserve Bank of India’s loose monetary policy will be “creating future problems,” the economist said.

“India is not increasing productivity as much as needed to make their growth sustainable over time. But this will only become a problem in the next two decades, it’s not an immediate issue.”

People walk across a damaged road following flash floods in the Faqir Gujri area, on the outskirts of Srinagar on July 23, 2023.
Future Publishing | Future Publishing | Getty Images

Extreme weather events will also impact India’s growth.

Heatwaves and droughts have caused water levels in southern Indian reservoirs to fall below 10 years average, causing an adverse effect on agriculture and rural recovery, Kotak’s Shah pointed out. 

Geopolitical tensions have intensified from rising tensions between India and Canada, as well as the attack on Israel by Palestinian militant group Hamas which caused oil prices to spike by more than 4% on Monday. 

“India imports more than 80% of its oil consumption, so higher prices will impact India’s trade and fiscal deficit, inflation and growth adversely,” Shah said. 

Although economists remain optimistic about India’s growth, Garcia-Herrero emphasized the importance of foreign investments to keep the economy going. 

“In India’s position as the leader of the global south competing with China, India needs more foreign investments to create more manufacturing jobs,” she said.

Global growth slows

In the report published Tuesday, the IMF said the global economy will continue to recover at a slow pace as a consequence of the Ukraine war, high inflation and the aftermath of the pandemic.

Its projections show that global growth will slow from 3.5% in 2022 to 3% this year, before falling further to 2.9% in 2024.

VIDEO8:2708:27
India’s population will overtake China’s – what does that mean for the world?

“Growth remains slow and uneven, with growing global divergences. The global economy is limping along, not sprinting,” the fund said.

The IMF also raised its 2023 U.S. growth projections by 0.3 percentage points from its July report to 2.1%, and hiked next year’s forecast by 0.5 percentage points to 1.5%.

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Machine Gun Kelly fan storms stage during panel discussion with musician: 'That was scary'

Machine Gun Kelly helped stop an overzealous fan who jumped on stage during a town hall in Cleveland for the Forbes 30 Under 30 Summit.

Kelly, whose full name is Colson Baker, was speaking during the “A Playbook to Building an Empire” discussion when an unknown individual rushed onto the set in downtown’s Public Auditorium.

“My man. Get the f–k away from me,” Kelly said as the man approached him on stage. 

MACHINE GUN KELLY PUNCHES FAN IN THE FACE IN BIZARRE CONCERT MOMENT

Machine Gun Kelly discusses entrepreneurship on stage

Machine Gun Kelly was involved in a scary incident at the Forbes 30 under 30 summit in Cleveland. (Taylor Hill)

“What are you doing? What are you doing? This is a bad look. Don’t make me do this. Don’t make me do this bro.”

Seconds later, security ran on stage and apprehended the individual, who had approached the “Emo Girl” singer during his panel discussion.

MACHINE GUN KELLY’S 13-YEAR-OLD DAUGHTER INKS TATTOO ON HER FATHER

The man was carried away by security while additional enforcement assisted in ensuring that the person was safely taken off the stage.

Machine Gun Kelly wears blue sweater and gold chain on stage

Machine Gun Kelly jumped up when he saw the fan rushing the stage. (Taylor Hill)

“You know what, maybe that was a good idea for him, because maybe he had a great idea,” MGK said after the impulsive fan left. 

“Jesus Christ, that was scary,” the person filming the video of the encounter could be heard saying in the background.

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Machine Gun Kelly had a conversation with Kristin Stoller at Forbes Summit

Kelly, whose full name is Colson Baker, chatted with Kristin Stoller. (Taylor Hill)

Fox News Digital contacted representatives for both Machine Gun Kelly and organizers of the Forbes 30 Under 30 event for comment.

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The “Bad Things” singer discussed his impact on culture and how he is expanding his brand with a new coffee business based in his hometown of Cleveland, Ohio, in addition to a restaurant and all-gender nail polish.

His fiancée, Megan Fox, will soon release her first book of poetry, titled, “Pretty Boys are Dangerous.”

Megan Fox and fiance Machine Gun Kelly

Megan Fox and Machine Gun Kelly began dating after meeting while working on a film together in 2020. (Lester Cohen)

Kendall Jenner, Bad Bunny, Halsey, Rainn Wilson, Latto and comedian Matt Rife were also listed as panelists at the four-day summit.

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Steve Scalise picked as GOP speaker nominee, but struggles to lock down votes to win the gavel



CNN
 — 

House Republicans picked Rep. Steve Scalise as their nominee for speaker on Wednesday, but the Louisiana Republican lacks the votes needed to win the gavel and it remains unclear whether he will be able to win over holdouts.

Republicans are now worried that Scalise is facing grim prospects of becoming speaker as he confronts opposition within the ranks, a situation that threatens to prolong the GOP’s leadership crisis following Kevin McCarthy’s historic ouster.

Until a speaker is elected, the House remains effectively paralyzed following McCarthy’s removal, an unprecedented situation that has taken on new urgency amid Israel’s war against Hamas. Raising the stakes further, the longer it takes Republicans to elect a new speaker, the less time lawmakers will have to try to avert a government shutdown with a funding deadline looming in mid-November.

Scalise won out over Rep. Jim Jordan in a closed-door vote by the House GOP conference to pick their speaker nominee on Wednesday. The nomination was a blow to former President Donald Trump, who endorsed Jordan, the chairman of the House Judiciary Committee who has made a name for himself as a staunch Trump ally.

But it quickly became clear that the fight over who will be speaker would not be rapidly resolved as a number of Republicans would not commit to voting for Scalise in a floor vote.

When Republicans met behind closed doors Wednesday morning to select a speaker nominee, Scalise earned 113 votes to Jordan’s 99 – putting Scalise below the 217-vote threshold needed to win the speakership in a full vote on the House floor.

The question now is whether Scalise will be able to lock down the votes he needs, a major obstacle in his path to the gavel. House Republicans hold a narrow majority and Scalise can only afford to lose four GOP votes on the floor and still win the speakership.

McCarthy’s ouster, which was driven by a group of hardline conservatives, has intensified deep divisions within the House GOP conference and escalated tensions. That threatens to make it even more challenging for Republicans to unite behind a new speaker.

It’s not yet clear when the House will hold a floor vote to elect a new speaker. House Republicans adjourned the chamber on Wednesday without scheduling a vote.

Scalise began meeting individually with GOP members later in the day as he and his whip operation try to convince more than a dozen holdouts to back him on the floor, according to multiple GOP sources.

Jordan is also working to convince his colleagues who voted for him to join him in supporting Scalise as Republicans try to avoid another messy floor fight, a source with direct knowledge told CNN. Jordan plans to vote for Scalise on the floor and is encouraging his colleagues to do the same, the source said.

But it’s not yet clear if that will be enough to secure the needed votes.

“I’m not supporting Steve Scalise, I’ll be voting for Jim Jordan,” Republican Rep. Marjorie Taylor Greene of Georgia told CNN’s Manu Raju. “Well, Jim Jordan presented a strong plan for a us, a detailed plan on how to move forward. We didn’t hear that plan from Steve Scalise. It was more vague answers.”

tapper mace vpx

Republican’s claim about Jim Jordan stuns Jake Tapper

Rep. Thomas Massie of Kentucky wrote on X, “Surprises are for little kids at birthday parties, not Congress. So, I let Scalise know in person that he doesn’t have my vote on the floor, because he has not articulated a viable plan for avoiding an omnibus” – a reference to a sweeping package of spending bills.

Later, Massie warned that Scalise has a tough fight ahead of him to secure the gavel. “I think there’s at least 20,” members ready to not vote for Scalise on the floor, he told reporters.

McCarthy said that he will support Scalise, but said he hasn’t been involved in any conversations with the holdouts.

“Steve is going to have to talk to them all, see what their concerns are, but I support Steve,” he told reporters.

Asked if he was trying to sway any holdouts, he said, “No.”

The nomination vote quickly set off a scramble to fill other spots in GOP leadership.

Oklahoma GOP Rep. Kevin Hern of Oklahoma announced on Wednesday that he will run for the position of majority leader.

According to a spokesperson for Rep. Byron Donalds of Florida, he is also running to become majority leader.

A source familiar also told CNN that House Majority Whip Tom Emmer is making calls to members to be majority leader if Scalise is elected speaker.

During the closed-door meeting where Republicans nominated Scalise as speaker, the conference also rejected an effort to raise the threshold required to select a GOP speaker nominee – a proposal that was aimed at preventing a messy public fight on the House floor.

The rules change would have raised the threshold to select a speaker nominee from a majority of the GOP conference – or 111 votes – to 217 votes, a majority of the full House, the number required to win the speaker’s gavel when the entire chamber holds its vote.

Scalise has risen through the ranks of leadership during his time in Congress. In the position of House majority leader, Scalise has served as the second-highest-ranking House Republican after McCarthy, prior to the historic vote to oust the speaker.

Scalise is a prominent figure in the House GOP conference and has long been seen as either a potential successor, or rival, to McCarthy. Before he became majority leader, Scalise served as House GOP whip, a role focused on vote counting and ensuring support for key party priorities. The majority leader, his current role, oversees the House floor and schedules legislation for votes.

The Louisiana Republican is no stranger to adversity.

A shooting in 2017 left him seriously wounded, with a grueling, monthslong recovery process. Scalise was shot by a gunman who opened fire as congressional Republicans were practicing for an annual charity baseball game.

In August, Scalise announced that he had been diagnosed with multiple myeloma, which he described as “a very treatable blood cancer.” In September, Scalise told reporters that in response to treatment, his cancer “has dropped dramatically.”

This story and headline have updated with additional developments.

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US Providing $200 Million to Ukraine, Kyiv Could Get F-16s by Spring

USA – Voice of America 

The United States is providing Ukraine with up to $200 million in additional military aid in a package announced Wednesday, as the Biden administration tried to temper concerns that the growing needs from Ukraine and now Israel could spread the U.S. too thin. VOA Pentagon correspondent Carla Babb has details.

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UAW launches strike against Ford’s Kentucky truck plant, signaling major escalation in labor fight

US Top News and Analysis 

In this article

F

United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. 
John J. Kim | Tribune News Service | Getty Images

DETROIT — United Auto Workers has unexpectedly expanded its U.S. strikes at Ford Motor to a highly profitable SUV and truck plant for the automaker in Kentucky.

The strike was effective at 6:30 p.m. ET Wednesday at Ford’s Kentucky Truck Plant, where the automaker produces Ford Super Duty pickups as well as the Ford Expedition and the Lincoln Navigator SUVs. The facility employs 8,700 UAW members.

The union’s decision to strike the plant, which is Ford’s largest in terms of employment and revenue, is a major escalation in UAW’s targeted, or “stand-up,” strikes. It also marks a change in strategy, which has previously included UAW President Shawn Fain publicly announcing the strike targets before the work stoppages occur.

A Ford source said the union informed the company early Wednesday afternoon that it wanted a new economic counteroffer by 5 p.m. ET, followed by a meeting request for 5:30 p.m. ET with the UAW’s entire Ford bargaining committee, including UAW President Shawn Fain, Vice President Chuck Browning.

The source, who agreed to speak on the condition of anonymity because the talks were private, said the meeting lasted less than 10 minutes before Fain said the company “lost Kentucky Truck.”

“The strike was called after Ford refused to make further movement in bargaining,” the union said in a release. “The surprise move marks a new phase in the UAW’s Stand Up Strike.”

A UAW source with knowledge of the talks said the company did not add any additional cash to the deal, which provoked the strike escalation. The source added the union was expecting Ford to enhance its prior economic offer.

John Bi assembles a Ford truck at the new Louisville Ford truck plant in Louisville, Kentucky.
Bryan Woolston | Reuters

Ford said the “decision by the UAW to call a strike at Ford’s Kentucky Truck Plant is grossly irresponsible but unsurprising given the union leadership’s stated strategy of keeping the Detroit 3 wounded for months through ‘reputational damage’ and ‘industrial chaos.'” 

The latter part of the statement refers to leaked private messages last month from UAW communications director Jonah Furman discussing the union’s public posturing of issues and targeted strikes as causing “recurring reputations damage and operational chaos” to the automakers.

The companies have argued the messages as well as the union’s actions show UAW negotiators were never actually interested in reaching a deal with the Detroit automakers.

“We have been crystal clear, and we have waited long enough, but Ford has not gotten the message,” Fain said in a statement Wednesday. “It’s time for a fair contract at Ford and the rest of the Big Three. If they can’t understand that after four weeks, the 8,700 workers shutting down this extremely profitable plant will help them understand it.”

Ford said the new strike puts at risk approximately a dozen additional operations at the automaker and “many more supplier operations that together employ well over 100,000 people.”

Ford said it had presented an “outstanding offer” and “has been bargaining in good faith this week on joint venture battery plants,” which have been a recent focus of the talks.

VIDEO4:4104:41
UAW strike enters fourth week: Where things stand

General Motors last week agreed to include workers at its electric vehicle battery plant in the company’s national contract with the union, which Fain called a “transformative win.”

Fain said the union expects Chrysler parent Stellantis and Ford to follow suit, including battery plant workers in eventual contract agreements.

The UAW has been gradually increasing the strikes since the work stoppages began after the sides failed to reach tentative agreements by Sept 14.

The additional workers brings UAW’s total to about 34,000 U.S. workers, or roughly 23% of UAW members covered by the expired contracts with the Detroit automakers, who are currently on strike.

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‘The Heaven & Earth Grocery Store’ Wins Kirkus Prize for Fiction

USA – Voice of America 

Three books that explore and celebrate the diversity of American culture were awarded Kirkus Prizes on Wednesday night, with each winner receiving $50,000.

James McBride’s The Heaven & Earth Grocery Store, a novel set in an eclectic Pennsylvania town in the 1930s, won in the fiction category. Héctor Tobar’s Our Migrant Souls: A Meditation on Race and the Meanings and Myths of ‘Latino’ received the nonfiction award, and Ariel Aberg-Riger’s America Redux: Visual Stories From Our Dynamic History won for young reader’s literature.

The awards were presented by the trade publication Kirkus Reviews.

“History and community emerged as central themes in the most outstanding works of literature published this year. We see these ideas come to life in wildly different ways in all three of this year’s winners, each one compelling from beginning to end, begging to be celebrated, discussed, and shared,” Meg Kuehn, publisher of Kirkus Reviews, said in a statement.

Previous winners of the Kirkus Prize, established in 2014, include Hanya Yanagihara’s A Little Life, Jason Reynolds’ As Brave as You and Susan Faludi’s In the Darkroom. 

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Taylor Swift’s concert film to get early-access screenings in U.S. and Canada

US Top News and Analysis 

U.S. singer-songwriter Taylor Swift performs during her Eras Tour at Sofi stadium in Inglewood, California, August 7, 2023.
Michael Tran | Afp | Getty Images

Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access showings in the U.S. and Canada.

“Look what you genuinely made me do,” the “Anti-Hero” singer wrote on the social media platform X.

“Due to unprecedented demand we’re opening up early access showings of The Eras Tour Concert Film on Thursday in America and Canada. We’re also adding additional showtimes Friday and throughout the weekend,” Swift said.

Previously, Swift had said the movie, “Taylor Swift: The Eras Tour,” would only be released in North America, but it was later announced that it would be screened worldwide.

The film provides movie theater chains such as AMC Entertainment, Cineplex and Cinemark with a high-profile title to help fill gaps caused by the actors’ and writers’ strikes in Hollywood.

Last week, AMC’s shares rose 11% after the company said that advance ticket sales for the concert film had topped $100 million globally.

VIDEO3:4403:44
IMAX CEO on ‘Taylor Swift: The Eras Tour’ hitting the big screen

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