Done deal — Trump withdraws from the Paris climate accord; Walmart's new e-commerce strategy, and more news
Washington's worst-kept secret — revealed! — but it ain't over until it's over, and that won't be for years. Or ever. Read on…
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President Trump announced the US would withdraw from the Paris climate accord, but would be open to re-negotiating on terms he deems more favorable. "We're getting out," Trump said. "But we will start to negotiate and we will see if we can make a deal that’s fair. If we can, that’s great. If we can’t, that’s fine.”
While pulling out in dramatic style — a well publicized, well televised Rose Garden address to which the president was fashionably late — Trump will evidently abide the treaty's withdrawal process, which could take four years. That means the treaty could, again, be a presidential campaign issue, the New York Times notes.
Companies added a greater-than-expected 253,000 workers in May, the biggest month for hiring in nearly two years, according to reports from ADP and LinkedIn. ADP's not seasonally adjusted data indicates manufacturers and builders increased headcount most — by 48,000 in May after 6,000 in April. LinkedIn's seasonally adjusted data show hiring last month was 6.2% higher than in April, and 2.4% higher than a year ago.
Walmart just revealed its secret e-commerce weapon: Employees, and their cars. The idea is to deploy the small army that works at the big box stores to drop packages off on their way home. It's unclear what extra pay is in the offing, our Caroline Fairchild and Chip Cutter report, but it certainly makes sense for Walmart stores to double as (Amazon-like) fulfillment centers since 90% of the country lives within 10 miles of one.
Would you do this, as an employee? Would you want a store clerk delivering your package?
Mylan owes the US $1.27 billion — so says Sen. Richard Blumenthal and a group that represents state Medicaid directors. The issue is the classification of MyLan's EpiPen as a generic product — incorrectly — for years, padding the company's coffers under a rebate program. MyLan has said it has a deal with the Justice Department to settle the claim for $465 million. Blumenthal says that is "a shadow of what it should be."
"Millionaires are more afraid than ever" — CNBC: The high net worth crowd pulled back big time from investing in May, "sparked by fears of government dysfunction." The metric is a 17-point plunge in the Spectrem Millionaire Investor Confidence Index — the biggest month-to-month drop ever recorded by the Chicago-based wealth-research firm.
Cover Art: President Trump refers to amounts of temperature change as he announces his decision that the United States will withdraw from the landmark Paris Climate Agreement in the Rose Garden of the White House in Washington, US, June 1, 2017. REUTERS/Joshua Roberts
Industrial/ Organisational Psychologist at Whitehead Industrial Psychologists
7 年Good going Trump. The whole Globalist climate change is just a get rich quick scheme.
Striving for the Perfect Move!
7 年Isn't the Sun responsible for global warming? If a tax or subsidy was so effective, why do we have so many problems? If only all the dogooders of the world would spend their own money on other people as freely as they spend other people's money on other people, we would have a perfect world! Thank goodness for common sense fiscal solutions and exit an Unconstitutional agreement.
Principal at Reynolds Development, LLC
7 年He is negotiating
"Whatever Makes Life Beautiful, There I go. It is the best choice the world must know."
7 年Jay Treaty, Treaty of Paris or "Peace of Paris" is such a great deal for Paris Climate Accord
Principal Broker- New Frontier Real Estate
7 年what izzy bizzy is in his fingers??????