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Some of the things you buy on eBay or Amazon could be going up in price, but President Donald Trump argues it will be better for American business.President Trump plans to withdraw from an old postal agreement that has allowed Chinese companies to ship small packages to the United States at a discounted price, often cheaper than what it costs for Americans to send things.“Products coming in from China, for instance, can come all the way from Shanghai to L.A. and have to pay a lower cost than if you or I wanted to ship a product across the street,” says Linda Dempsey, the VP of international economic affairs at the National Association of Manufacturers.The National Association of Manufacturers says the move will only impact smaller items, say for example, yoga pants on eBay. This particular example only costs a dollar, plus there’s no charge for shipping, although they’re coming from China. But, while you might not pay for shipping on this particular order, you’re paying for it in other ways you might not know about.“We might not see it in that package, say of yoga pants that's being shipped, but we're paying the subsidy through taxpayer dollars,” explains Dempsey. “We're paying for it as consumers when we go to the postal service and send a small package. We're paying higher rates for that because the postal service is being forced to subsidize these foreign shippers into the United States.”Critics also argue the cheaper rates hurt American businesses, and the president's proposal could help keep or create jobs in the United States.“It gives manufactures a fair chance at competing in the U.S. systems,” says Dempsey.While prices might go up for some products, there could be an upside for consumers.“We'll see how much those packages go up in terms of the foreign packages coming in,” Dempsey says. “We'll also be looking to see if the package prices for U.S. shipments will be going down.” 1925
SEOUL, South Korea (AP) — North Korea says it has suspended nuclear and long-range missile tests and plans to close its nuclear test site.The North's official Korean Central News Agency said the suspension of nuclear and ICBM tests went into effect Saturday.The country says it's making the move to shift its national focus and improve its economy.The announcements came days before North Korean leader Kim Jong Un is set to meet South Korean President Moon Jae-in in a border truce village for a rare summit aimed at resolving the nuclear standoff with Pyongyang.The North's decisions were made in a meeting of the ruling party's full Central Committee which had convened to discuss a "new stage" of policies. 718
South Korean army's K-55 self-propelled howitzers are seen at the border with North Korea, South Korea, Tuesday, June 16, 2020. North Korea blew up an inter-Korean liaison office building just inside its border in an act Tuesday that sharply raises tensions on the Korean Peninsula amid deadlocked nuclear diplomacy with the United States. (AP Photo/Ahn Young-joon) 373
Several celebrities, including Usher, Kevin Hart, and Nicki Minaj, welcomed babies into the world this week.Oscar-winning actor Phoenix and rapper Minaj both became first-time parents. Phoenix and his fiancée, Oscar-nominated actress Rooney Mara, welcomed a son named River, People reported. Minaj, who announced her pregnancy back in July, reportedly gave birth on Wednesday, Billboard reported. The name and sex of the child have not been released.Comedian Kevin Hart and his wife Eniko welcomed their second child, Kaori Mai Hart, a daughter. Eniko posted the news to her Instagram on Wednesday.Singer Usher announced on Instagram that he and his girlfriend welcomed a baby girl, Sovereign Bo Raymond."The View" announced on Twitter that co-host Meghan McCain had given birth to a baby girl, Liberty Sage McCain Domenech.On Monday, actress Amanda Seyfried surprised fans when her husband announced on his Instagram that his wife had given birth to a baby boy. 970
Starbucks has reached gender and race pay equity among all US employees in similar roles, the company said on Wednesday."This milestone is the result of years of work and commitment," said Lucy Helm, executive vice president and chief partner officer at Starbucks, in a statement."We've worked hard for a couple of years now to ensure we can get there," Starbucks CEO Kevin Johnson told CNN's Maggie Lake on Wednesday.The coffee company added that it will now tell American job candidates the pay range for any position in an effort to increase transparency.Helm explained that the company has been striving for pay equity for about decade. Last year, it was at 99.7% parity. Women make up about one-third of the company's executive team.Starbucks uses several tools to make sure bias doesn't impact how much employees make. The company regularly checks for compensation gaps among employees, and uses a calculator to determine starting pay rate targets based on experience. It doesn't ask job candidates about their salary history, and the company analyzes raises to make sure they're fair.It is working with women's organizations like Billie Jean King's Leadership Initiative and the National Partnership for Women & Families to help guide its efforts."One of the most important things to get right is starting pay," said Sara Bowen, the leader of the Starbucks Inclusion, Diversity, Equity and Accessibility team.Research shows that women, on average, earn around 80 cents for every dollar a man makes. The gap is even wider for women of color."If a job candidate comes to Starbucks making 70 or 80 cents on the dollar, and we use that as the basis for her pay at Starbucks, we simply import gender inequality into our own system," she said. "Prior salary can be tainted and should not dictate how we pay."Johnson told Lake that the pay parity achievement is "another example of us taking care of our [employees]."The company also made a commitment to reach gender pay parity at all of its company-owned locations around the world.A number of companies are starting to pay attention to gender wage gaps among their own employees.In a recent survey of human resources executives from Challenger, Gray & Christmas, an outplacement service firm, 48% of companies say they're reviewing their pay policies with an eye toward closing the compensation gap between male and female employees.Others are making changes already.After disclosing small differences in employee pay earlier this year, Citigroup announced it will give raises to even salaries between men, women and minority employees. At Salesforce, CEO Marc Benioff says the company has spent around million to raise women's salaries so they're equal to men's.Other companies like Whole Foods have implemented salary transparency policies that eliminate the secrecy surrounding pay. 2863