Tariffs target French wine; auto loans drive buyers deep in debt, and more top news

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French wine, Italian cheese, German coffee and Scotch whisky are among the European goods hit by new 25% tariffs from the U.S., along with 10% tariffs on European-made Airbus planes. The move comes after the World Trade Organization ruled the U.S. could impose levies on $7.5 billion of EU imports over the bloc’s illegal subsidization of Airbus. The ruling, which threatens to escalate trans-Atlantic trade tensions, marks a record award from the trade body and concludes a 15-year battle between Airbus and Boeing. ? Here’s what people are saying. 

Skyrocketing car prices are goading consumers into seeking multi-year loans for even the most basic of cars, says The Wall Street Journal, with loans that have terms exceeding six years swelling by about 20% in the past decade. While longer term loans may seem more affordable on the surface, they often push buyers deeper into debt as slowed income rates, compounding interests and rollover debts aggregate over time. Meanwhile, dealerships often make more writing a new vehicle’s loan than they do on the sale itself, incentivizing salespeople to peddle loans more than ever, says the Journal. ? Here’s what people are saying. 

Migration is slowing to regions such as the San Francisco Bay Area, Seattle and Miami-Ft. Lauderdale, where housing costs as a percentage of income are among the highest in the U.S., according to new data from LinkedIn's Economic Graph and Zillow. The areas attracting talent at a faster clip? Minneapolis-St. Paul, Phoenix and Philadelphia, where housing costs as a percentage of income are among the lowest in the country. Boston stands out for gaining in popularity among workers while also featuring a steep cost of living, according to the data. ? Here’s what people are saying. 

Most Americans go to college seeking future financial security but many recent graduates only end up making the salary of a high school degree, according to a new report. In 2018, half of U.S. colleges saw a majority of new graduates earning less than $28,000 a year. For-profit schools were 10 times more likely to have a majority of graduates pull sub-$28K salaries. The findings cast a dark shadow over students, as college tuition continues to climb and student loan debt hits record highs. ? Here’s what people are saying. 

About 8,200 nurses in four states went on strike last month, highlighting an intensifying debate about patient-to-nurse staffing levels and stagnant pay for health care workers. Meanwhile, an estimated 80,000 health care workers at Kaiser Permanente called off a seven-day strike in September, as did 650 nurses at St. Luke’s Hospital in Duluth, Minnesota. Experts say that the growing clout of nurses means that hospitals are more likely to meet the demands of workers than they have in the past. ? Here’s what people are saying. 

From earlier: Technology, social norms and a shifting economy have made the office less necessary, but could it one day become extinct? ? Here’s what people are saying.

Idea of the Day: When interviewing, don’t make the mistake of asking about salary straight away, advises J.T. O’Donnell, CEO of WorkITDaily.

“When it's your turn to ask questions, don't focus on what's in it for me? That's the kiss of death. The time to talk about your compensation… comes later in the process when it's clear they want you.”

What's your take on today’s stories? Share your thoughts in the comments.

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