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TVs. Dishwashers. Printers.Get ready: These are just some of the products that could get more expensive if the United States moves forward with proposed tariffs on billion worth of Chinese products, and companies decide to pass the cost of the new taxes on to customers.On Tuesday, the Trump administration identified about 1,300 exports from China that could be targeted in the wake of a months-long investigation into intellectual property theft. The lengthy list includes a wide range of items, from airplane parts to syringes.The 25% tariff, which would be applied to all products, won't go into effect immediately. And the list isn't final. There's still time for businesses to lobby the government to remove certain items, and additional products can still be tacked on.But the current list would almost certainly lead to higher price tags on consumer electronics and various home appliances — including flat-screen TVs and home dishwashers."There's potential this a major hit to the pocketbooks of Americans, based on what we're seeing right now," said Jack Cutts, senior director of business research at the Consumer Technology Association.The USTR is also weighing tariffs on a number of key components in electronic devices, such as LED lights, copper wire, and capacitors and resistors. It's possible that companies will ask consumers to pay more to make up for higher costs in the supply chain."We're down at the basic building blocks of consumer electronics," Cutts said. These parts are included in items from computers to printers to smart refrigerators and coffeemakers, he said.The USTR list contains a lot of other inputs in final products, like screws, pulleys and motor parts.Whether prices rise will ultimately depend on the availability of substitutes, said Brad Setser, senior fellow for international economics at the Council on Foreign Relations.And companies might find ways to skirt the tariffs by making greater use of manufacturing facilities in other countries, like Brazil and Vietnam."Simply because it costs Apple that much more doesn't mean the consumer will pay [that much] more," said Awi Federgruen, a Columbia Business School professor who studies supply chain management.There's no easy way to determine if companies will decide to raise prices — and if so, by how much.Still, higher prices of any kind could make things tough on stores and shoppers — especially during the upcoming holiday season."These tariffs might be Grinch tariffs," said David French, senior vice president of government relations at the National Retail Federation. He noted that retailers will make decisions about where to source what they sell in December in coming weeks.Right now, companies are combing through their supply chains to see whether they might be impacted.The USTR list included a lot of general manufacturing equipment, so there could be additional revelations about affected products in the days and weeks to come.For example, even though clothing, shoes and toys were excluded from the initial list, parts and machinery used to manufacture these items may have been included, which could affect pricing.There are also lingering concerns that such items may find their way into the final draft."Items like apparel and footwear that are not on the list today, may suddenly materialize or appear on a later list," French said. 3388
Two of the former owners of Toys "R" Us have agreed to pay million to help laid-off employees.Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the company closed its stores.The third owner, real estate firm Vornado, did not join the fund, and did not immediately respond to request for comment.MORE: How the Toys 'R' Us closures massively impact?the U.S.Toys "R" Us filed for bankruptcy a year ago with plans to stay in business. But in March the company's creditors forced it to go out out of business, and the 31,000 remaining employees did not get severance payments.Some top executives at Toys "R" Us received bonuses as part of the bankruptcy process. The nation's bankruptcy laws place limits on the severance payments that can be made to laid-off employees, and they give priority to repaying creditors of the bankrupt companies.Had the employees been laid off before the bankruptcy, they would have been entitled to severance pay of up to one week of pay for every year of service.The million severance fund does not come from Toys "R" Us.The fund was set up following negotiations between the private equity firms and various public interest groups that organized the employees, including Organization United for Respect, Private Equity Stakeholder Project and Center for Popular Democracy."This Fund begins to ensure the hard-working people who spent their lives building Toys 'R' Us and making children happy are not left out in the cold," said Marilyn Muniz, a New York-based Toys "R" employee for nearly 20 years.The groups are seeking additional contributions to the fund from Vornado as well as two Toys "R" Us lenders, Solus and Angelo Gordon, which pushed the company to shutdown operations rather than stay in business. Solus did not respond to a request for comment and Angelo Gordon declined to comment.Tracy Forbes, a former employee who lost her job, told CNN Business that she had worked for the company for 31 years, making her way up to store manager of a Babies "R" Us store in Tempe, Arizona. At the time of the bankruptcy filing she figured she would get about seven months of severance if her store shut down. She said she was shocked when she learned the promised severance wouldn't be paid."It was very difficult," she said. "Here in Arizona, unemployment is only 0 a week. It's not even minimum wage. It was rough. I only got by with friends and family helping me out."After about four months she found a job as an assistant manager of a Home Goods store, which pays less than Babies "R" Us. She said she's kept in touch with the employees who used to work with her at Babies "R" Us."Just about everyone has found some kind of work, but it generally took three or four months," she said. "Some aren't earning as much. Some of the lower-level employees have actually found better paying jobs."The fund has hired attorney Kenneth Feinberg to come up with a formula to determine who gets how much money. Feinberg has made a career deciding distribution to victims of events, such as the terrorist attacks on September 11, 2001, and the BP Deepwater Horizon oil spill. He has proposed that payments go to workers who had been with the company at least a year and who made between ,000 and 0,000 in annual income."In order to maximize the impact of available funds, key eligibility requirements and payment parameters had to be instituted," said Feinberg. Payments are expected to start soon after December 15 and be completed by April.The million fund will not cover a full severance plan for the workers. The employee groups estimate that would take million.The proposed payment schedule provides at least 0 to anyone eligible for payments and as much as ,800 to the top earning employees -- those earning more than 0,000 a year who had been with the company for more than 25 years. Those earning more than 0,000 are not eligible to receive payments from the fund.A more typical employee, one who was earning ,000 a year with 10 years of service, would get ,400 under the plan, or about two-and-half weeks of pay.Former employees can go to www.trufinancialassistancefund.com to find out about how much they might get and to comment on the distribution formula. Depending on the comments, the formula might be adjusted before the payments start. 4424
UPLAND, Calif. (AP) — Investigators on Wednesday were trying to determine why a California woman allegedly fatally injured her infant daughter, dropped her young son off a second-story apartment building landing and then jumped herself.After being medically cleared, Tierra Ortega, 24, was booked for investigation of homicide, attempted homicide and child abuse resulting in death, said Capt. Marcelo Blanco of the Upland Police Department.Ortega's booking photo showed her face bruised and scraped with one eye swollen shut.Her 1?-year-old son remained hospitalized in stable condition with a broken foot and other minor injuries, Blanco said."We don't have a motive yet," Blanco said.The events unfolded late Tuesday morning in Upland, a small city at the foot of the San Gabriel Mountains in the inland region about an hour's drive east of Los Angeles.A neighbor called 911 to report that a child was screaming or crying and then saw the woman was holding the child on a second-story landing, according to police."The mother proceeded to release the toddler, who fell to the ground below. Upon officers arriving on scene, they noticed the child on the floor and the mother subsequently jumped from the second story landing head first," a police statement said.Police then checked the second-story apartment and found the woman's approximately 7-month-old daughter inside. She wasn't breathing.Her breathing was restored but she died at a hospital, Blanco said.The cause of her death will be determined but she had a possible skull fracture and internal injuries, he said.Video from KCAL-TV showed the woman sitting on grass outside the building with her hands handcuffed behind her. One child, strapped to a board, was loaded into a helicopter for the flight to the hospital.The children's distraught father was called home from work and police had to hold him back as he struggled to climb the stairs to the apartment.He spoke to police but "has no idea what led to this," Blanco said.The property manager said the family had moved into the unit about a year ago, KCAL-TV reported."They've always been very quiet," Kaeleigh Calderon said of the family. "I've never heard them arguing, I've never heard them bickering."Asked about postpartum depression, Blanco said investigators would look into that possibility. 2325
TULSA, Okla. (AP) — The mayor of Tulsa, Oklahoma, has declared a civil emergency and implemented a curfew around the site where President Donald Trump will hold a campaign rally this weekend. The curfew issued by Mayor G.T. Bynum is in effect from 10 p.m.-6 a.m. through Sunday. Bynum cited as a reason for the curfew recent unrest after some protests around the country over the death of George Floyd. On Friday, President Donald Trump sent out a tweet threatening any protesters who showed up to disrupt his "Make America Great Again" rally."Any protesters, anarchists, agitators, looters or lowlifes who are going to Oklahoma please understand, you will not be treated like you have been in New York, Seattle, or Minneapolis. It will be a much different scene!" 772
UPS has reportedly relaxed its rules on facial hair and now allowing natural Black hairstyles.According to CNN and the Wall Street Journal, the rules on facial hair were that beards were not allowed for most employees, and the company limited mustaches to above the lip's crease.The shipping company also stated men couldn't have hair below the collar and no afros or braids.UPS geared the old guidelines more towards drivers and other staff who interacted with the public, the WSJ reported.On Wednesday, the shipping company eliminated those strict rules on people's appearance, along with gender-specific regulations, including regulations like the length of the uniform's shorts. 690