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RACINE, Wisconsin -- Manufacturer SC Johnson announced Wednesday that between 300 and 400 positions in the company would be eliminated due to an organizational change.The change was first announced to employees back in January, according to a statement from the company. Some of the eliminated roles were already open and will not be filled, while others will result in employees losing their jobs."Many affected employees" were notified Wednesday, the statement says."The company is healthy and our brands continue to be leaders in their categories," said Kelly M. Semrau, Senior Vice President – Global Corporate Affairs, Communication & Sustainability. "Other leading consumer packaged goods companies are doing the same as we all continue to respond to trends in the marketplace. Like them, we are doing this to maintain the company's health and leadership."Headquartered in Racine, Wisconsin, SC Johnson employs about 12,000 people worldwide. It was founded more than 100 years ago in 1886.The company "intends to provide generous severance and outplacement help" to affected employees. There's no word yet on how many Wisconsin employees will lose their jobs. 1197

Republicans are reportedly seeking to extend increased unemployment benefits in the next round of COVID-19 stimulus, but at a much lower rate, according to The New York Times and The Washington Post.Both The Times and The Post report that Republican lawmakers are prepared to introduce a stimulus package that would continue increased unemployment insurance, but would reduce weekly aid from 0 a week to 0 a week.The 0 federal payments, put in place by the .2 trillion CARES Act that was passed in March, expired over the weekend.According to both The Times and The Post, the Republican plan would offer the 0 insurance for two months, during which time states would need to develop their own plans that would pay unemployed workers 70% of what they were making prior to the pandemic.Many Republicans argue that the 0 a week payments created an incentive for those unemployed to not work, arguing that many were receiving more in unemployment insurance than they would if working.Democrats favor extending the 0 payments through the end of the year with the HEROES Act — a stimulus package that passed through the House in May. The Senate has not yet taken action on the bill.On Friday, Democrats argued that Republicans needed to work with them quickly in order to get payments to those that need them. Rep. Danny Davis, D-Illinois, argued that the benefits were needed because COVID-19 made it too dangerous for some to work, made others unable to work due to lost jobs, and made childcare more difficult due to the closure of schools.Pelosi slammed the Republicans' delay in her press conference Friday, calling it a "dereliction" of their duty. She asked that Republicans "get something on paper" so that Democrats and the American people could see their plan.Republicans have promised to propose new stimulus legislation in the coming days. 1873

President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.A Fed governor since 2012 and former Treasury official under the George H.W. Bush administration, Powell will replace current Fed Chair Janet Yellen. Yellen was nominated in 2013 by President Obama. Her term as the central bank's first female leader expires in February.It will be the first time in four decades that a new president hasn't asked the current Fed chair to stay on for a second term.Powell was among five candidates considered for the job. Also on the president's short list: former Fed governor Kevin Warsh, Stanford University economist John Taylor, the president's top economic adviser, Gary Cohn and Yellen.Ahead of Trump's formal announcement Thursday, Cohn praised the president's choice. "I'm really supportive of the president's decision -- and it's a great decision," he said speaking before The Economic Club of Washington.Related: Fed leaves interest rates alone and waits for TrumpThe position of Fed chair requires Senate confirmation. Republicans currently hold the majority and would be able to confirm Powell without any Democratic support, if necessary.At 64, Powell has been Yellen's ally on monetary policy, while also calling for easing some of the regulations on banks put in place after the 2008 financial crisis.Unlike almost all of his predecessors in the position, Powell is not an economist by training. Instead, he was a lawyer and former partner at private-equity firm, Carlyle Group.Two immediate challenges face Powell once he is confirmed in the role: How quickly to raise interest rates and how to continue to safely unwind the Fed's hefty balance sheet.It's the job of central bankers to shift policy levers, nudging interest rates higher or lower, to boost jobs and keep prices, or inflation, at the optimal level.What's made their job trickier is that inflation is signaling the Fed should not increase rates. But economic growth and a low unemployment rate of 4.2% are saying it should.Related: Powell would be the first investment banker to chair the Fed Powell has been supportive of Yellen's plan to gradually raise interest rates, if there are continued signs of improvement in the economy."The economy is as close to our assigned goals as it has been for many years," said Powell in a June speech at the Economic Club of New York. "Risks to the forecast now seem more balanced than they have been for a some time."Powell will also have to oversee how the central bank continues to shed some of the .5 trillion in investments it made in order to prop up the economy after the financial crisis. The Fed began the process of unwinding almost a decade's worth of stimulus investments in September.For years, the central bank piled up purchases of Treasury and mortgage-backed securities, a strategy intended to stimulate the economy by reducing borrowing costs for everyone. At the time, it also reduced its benchmark interest rate to zero, and only began raising it in December 2015, seven years after the crisis.Related: Fed taps Jerome Powell to head oversight of 'too big to fail' banksPowell voted in favor of winding down the Fed's balance sheet. And like Yellen, he's left the door open for a new round of asset purchases in the event of another crisis.In April, the Fed tapped Powell to serve as the new point man overseeing how Wall Street banks are regulated after Daniel Tarullo, the central bank's regulatory czar stepped down. Tarullo held the position for the past eight years.In this role, the Fed governor has sided with the Trump administration on easing some of the regulatory burdens on banks. He's specifically suggested relaxing the so-called Volcker Rule, which bars banks from taking risky bets with taxpayer money.The-CNN-Wire 3838

RANCHO SAN DIEGO (KGTV) -- The boyfriend of a missing woman refused to take a polygraph test Monday - on the same day Arizona police arrested him for identity theft and forgery. Kiera Bergman was living in Phoenix when she went missing two weeks ago, but the 19-year-old grew up in San Diego. Monday night her father agreed to speak with 10News Anchor Ariel Wesler about the desperate search for Bergman. Bergman graduated from Valhalla High School in 2017. After her disappearance, family and friends launched the #bringKIERAhome campaign - passing out flyers and stickers to keep hope alive.  617

President Donald Trump's confidant Roger Stone is rebuffing a request from the top Democrat on the Senate Judiciary Committee for documents and an interview connected to 2016 Russian election meddling, invoking his Fifth Amendment rights.Stone's attorney Grant Smith sent a letter to Sen. Dianne Feinstein of California stating that Stone was declining Feinstein's requests, which she released over Twitter on Tuesday."The requests, as previously stated to staff, are far too overbroad, far too overreaching, far too wide ranging both in their all-embracing list of persons to whom the request could relate with whom Mr. Stone has communicated over the past three years, and the 'documents concerning' imprecision of the requests," Smith wrote."Mr. Stone's invocation of his Fifth Amendment privilege must be understood by all to be the assertion of a Constitutional right by an innocent citizen who denounces secrecy," the letter states.Smith noted that Stone has already testified to the House Intelligence Committee. Special counsel Robert Mueller is also investigating whether Stone was communicating with Julian Assange and WikiLeaks during the 2016 election either directly or through intermediaries.As the top Democrat on the Senate Judiciary Committee, Feinstein has no power to compel Stone to testify or produce documents. When Democrats take back the House in January, the House Intelligence Committee may have a renewed interest in Stone, as Rep. Adam Schiff has indicated he thinks Stone may have misled his committee.Stone's attorney did not immediately respond to a request for comment. 1619

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