filed first-time claims for state unemployment benefits last week, the Labor Department said Thursday, a decrease of 153,000 from the previous week.
In addition, 132,000 filed for Pandemic Unemployment Assistance, a federal program that covers freelancers, part-timers and others who do not routinely qualify for state benefits. That was a decline of 20,000 from the previous week.
Neither figure is seasonally adjusted.
In another sign of the recovery underway, retail sales surged in March, the Commerce Department said on Thursday, as Americans spent their latest round of government stimulus checks and the continued roll out of coronavirus vaccines lured more people back into stores.
The 9.8 percent increase last month was a strong comeback from the nearly 3 percent drop in February.
With the pandemic’s end seemingly in sight, the economy is poised for a robust comeback. But weekly applications for unemployment claims have remained stubbornly high for months, frustrating the recovery even as businesses reopen and vaccination rates increase.
“The job market conditions for job seekers have really improved extremely quickly between January and now,” said Julia Pollak, a labor economist at the job site ZipRecruiter. “But there are still huge barriers to returning to work.”
Jobless claims for the next few months could remain much higher than they were before the pandemic as the labor market adjusts to a new normal.
Concerns about workplace safety persist, especially for workers who are not yet vaccinated. Many children are still attending schools remotely, complicating the full-time work prospects for their caregivers.
But there is hope on the horizon as those barriers begin to fall. President Biden moved up the deadline for states to make all adults eligible for vaccination to April 19, and every state has complied. Students who have been learning remotely will begin to return to the classroom in earnest.
“This was the deepest, swiftest recession ever, but it’s also turning into the fastest recovery,” Ms. Pollak said. “And I don’t think we should lose sight of that just because some of the measures are a little stubborn.”
Retail sales surged in March, the Commerce Department said on Thursday, as Americans spent their latest round of government stimulus checks and the continued roll out of coronavirus vaccines lured more people back into stores.
The 9.8 percent increase last month was a strong comeback from the nearly 3 percent drop in February, when previous stimulus money had dissipated and a series of winter storms made travel difficult across much of the United States.
The rebound in March sales shows how, a year after the nation’s economy locked down to prevent the spread of the virus, consumer spending remains highly dependent on government support. It also reflects that many areas of consumption frozen by the pandemic have bounced back. Sales of clothing and accessories rose 18 percent, while restaurants and bars saw a 13 percent increase.
President Biden’s $1.9 trillion American Rescue Plan, which was signed into law last month, provides direct payments of $1,400 to lower-income Americans. Many of these checks began arriving in households toward the end of last month, when economists saw signs that spending was ramping up again, such as increased hotel occupancy and travel through airports.
Economists at Morgan Stanley had predicted that core retail sales would jump 6.5 percent in March, driven by the stimulus checks that started arriving in people’s bank accounts around March 17. The investment bank said 30 percent of consumers tend to spend their checks within the first 10 days, suggesting that many other consumers have yet to spend their checks, which could strengthen April sales.
More broadly, American consumers are also feeling increasingly optimistic as more people become vaccinated and venture out more frequently. One measure of consumer confidence, tabulated by the Conference Board, said confidence increased about 20 points in March from February, fueled by increased income and stronger business and employment expectations.
Reuters will begin charging for access to its website as it tries to capture a slice of the digital subscription business.
The company, one of the largest news organizations in the world, announced the new paywall on Thursday, as well as a redesigned website aimed at a “professional” audience wanting business, financial and general news.
After registration and a free preview period, a subscription to Reuters.com will cost $34.99 a month, the same as Bloomberg’s digital subscription. The Wall Street Journal’s digital subscription costs $38.99 a month, while The New York Times costs $18.42 monthly.
Reuters.com attracts 41 million unique visitors a month. Months of audience research showed that those readers were divided in two separate groups: those wanting breaking news and professionals looking for context and analysis about how news affected their industry, Josh London, chief marketing officer at Reuters, said in an interview.
Reuters will roll out new sections on its website for subscribers in coming weeks that include coverage of legal news, sustainable business, energy, health care and the auto industry. It also plans to introduce industry-specific newsletters.
Mr. London described the new website as “the largest digital transformation at Reuters in a decade.” He declined to provide specifics on digital subscription goals but said that it represented “a major opportunity for us.”
Arlyn Gajilan, the digital news director at Reuters, said she expected to expand the digital team working on the revamped website.
On Monday, Reuters announced that Alessandra Galloni, a global managing editor, would become its next editor in chief. Ms. Galloni, who will be the first woman to helm the news agency in its history, starts her new role on Monday. She takes over from Stephen J. Adler, who retired after running Reuters for a decade.
Ms. Gajilan said that Ms. Galloni had been closely involved in the new direction of Reuters.com.
“She’s a very strong advocate for all things digital at Reuters,” Ms. Gajilan said.
U.S. stocks are set to rise when trading begins on Thursday as more companies report first-quarter earnings and retail sales data is expected to show a big increase in spending in March.
The S&P 500 was expected to open 0.5 percent higher, futures indicated.
After a bumper market debut, Coinbase shares rose 11 percent in premarket trading. On Wednesday, the cryptocurrency exchange ended its first day of trading at $328.28 a share, valuing the company at nearly $86 billion — more than 10 times its last valuation as a private company.
Shares in Bank of America rose 2.5 percent in premarket trading after the company reported better-than-expected revenue from sales and trading. The bank joins its peers in reporting a jump in earnings. On Wednesday, executives at Goldman Sachs, JPMorgan Chase and Wells Fargo all delivered upbeat economic forecasts.
Retail sales rose 5.8 percent in March, according to economists surveyed by Bloomberg, rebounding from a 3 percent drop the previous month.
Elsewhere in markets
Yields on 10-year U.S. Treasury notes dropped to 1.61 percent. On Wednesday, Jerome H. Powell, the chair of the Federal Reserve, reiterated the central bank’s intention of keeping monetary policy accommodative for a long time. He said the bank would probably slow its bond-buying program “well before” it lifts its policy interest rate.
European stock indexes also rose. The Stoxx Europe 600 index increased for a third straight day. It was up 0.3 percent to a record high.
The Russian ruble dropped 1.2 percent against the dollar on Thursday. The Biden administration is expected to announce a string of measures against Russia, including financial sanctions for the hacking of government and private networks and a range of other activity.
Shortages of semiconductors, fueled by pandemic interruptions and production issues at multibillion-dollar chip factories, have sent shock waves through the economy. Questions about chips are reverberating among both businesses and policymakers trying to navigate the world’s dependence on the small components.
Most attention has focused on temporary closings of big U.S. car plants. But the chips are in everything from cash registers and kitchen appliances, and the problem is affecting many other sectors, particularly the server systems and PCs used to deliver and consume internet services that became crucial during the pandemic, Don Clark reports for The New York Times.
“Every aspect of human existence is going online, and every aspect of that is running on semiconductors,” said Pat Gelsinger, the new chief executive of the chip maker Intel who attended the meeting with the president on Monday. “People are begging us for more.”
The chip shortage potentially affects just about any company adding communications or computing features to products. Many examples were described in 90 comments filed by companies and trade groups to a supply chain review by President Biden, including a laundry list of needs from industry giants like Amazon and Boeing.
Dan Rozycki is the president of a small engineering firm, that sells small sensors used to monitor construction sites to ensure concrete is hardening properly. His firm is for now among the lucky chip users. It planned ahead and has enough chips to keep making the roughly 50,000 sensors it supplies each year to construction sites. But his distributor has warned him it might not be able to deliver more of them until late 2022, he said.
“Is that going to halt those projects?” Mr. Rozycki asked. He is scouring the market for other distributors that might have the two needed chips in stock. Other possibilities include redesigning the sensors to use different chips.
An international coalition of 35 children’s and consumer groups called on Instagram on Thursday to scrap its plans to develop a version of the popular photo-sharing app for users under age 13.
Instagram’s push for a separate children’s app comes after years of complaints from legislators and parents that the platform has been slow to identify underage users and protect them from sexual predators and bullying.
But in a letter to Mark Zuckerberg, the chief executive of Facebook — the company that owns the photo-sharing service — the nonprofit groups warned that a children’s version of Instagram would not mitigate such problems. While 10- to 12-year-olds with Instagram accounts would be unlikely to switch to a “babyish version” of the app, the groups said, it could hook even younger users on endless routines of photo-scrolling and body-image shame.
“While collecting valuable family data and cultivating a new generation of Instagram users may be good for Facebook’s bottom line,” the groups, led by the Campaign for a Commercial-Free Childhood in Boston, said in the letter to Mr. Zuckerberg, “it will likely increase the use of Instagram by young children who are particularly vulnerable to the platform’s manipulative and exploitative features.”
The coalition of nonprofit groups also includes the Africa Digital Rights’ Hub in Ghana; the Australian Council on Children and the Media; the Center for Digital Democracy in Washington; Common Sense Media in San Francisco; the Consumer Federation of America; and the 5Rights Foundation in Britain.
Stephanie Otway, a Facebook spokeswoman, said that Instagram was in the early stages of developing a service for children as part of an effort to keep those under 13 off its main platform. Although Instagram requires users to be at least 13, many younger children have lied about their age to set up accounts.
Ms. Otway said that company would not show ads in any Instagram product developed for children younger than 13, and that it planned to consult with experts on children’s health and safety on the project. Instagram is also working on new age-verification methods to catch younger users trying to lie about their age, she said.
“The reality is that kids are online,” Ms. Otway said. “They want to connect with their family and friends, have fun and learn, and we want to help them do that in a way that is safe and age-appropriate.”
A former editor at Vanity Fair has been working to create a new digital publication, in which writers will share in subscription revenue — Vanity Fair meets Substack. The new company behind the publication, Heat Media, hopes to unveil it in the coming months, four people with knowledge of the matter said. The start-up is partly the brainchild of Jon Kelly, a former editor at Vanity Fair. One of the backers is the private equity firm TPG, which would take three seats on the Heat Media board, the people said. Another investor is 40 North, a related investment arm of Standard Industries, a global industrials company, the people said. Heat Media has raised around $7 million so far, according to the people.
Kimberly Godwin, a veteran CBS News executive, was named the next president of ABC News on Wednesday, making her the first Black woman to lead a major broadcast network’s news division. Ms. Godwin succeeds James Goldston, who announced his departure from ABC in January. She will begin in her job in early May. Ms. Godwin most recently served as CBS’s executive vice president of news.
The United States and China do not agree on much nowadays, but on climate change both countries are publicly pledging to do more to fight global warming. The problem will be working together on it.
On Thursday, President Biden’s climate envoy, John Kerry, met in Shanghai with his counterpart to press China on reducing its carbon emissions, at a time when an emboldened Communist Party leadership has become increasingly dismissive of American demands.
In Beijing’s view, the United States still has much ground to recover after walking away from the Paris climate agreement, the 2015 accord to address the catastrophic effects of warming.
Mr. Biden’s commitments to now make climate change a top priority are, to officials in Beijing, merely catching up to China after its leader, Xi Jinping, last year pledged to accelerate the country’s efforts to reduce carbon emissions.
article on Wednesday before Mr. Kerry’s visit.
A main purpose of Mr. Kerry’s travels to China and elsewhere has been to rally support for Mr. Biden’s virtual climate summit of dozens of world leaders next week. Mr. Xi has not yet accepted the invitation, but he will join a similar conference on Friday with President Emmanuel Macron of France and Chancellor Angela Merkel of Germany.
rivalry over technology could spill into climate policy, where innovations in energy, batteries, vehicles and carbon storage offer solutions for reducing emissions. Already, American lawmakers are demanding that the United States block Chinese products from being used in the infrastructure projects that Mr. Biden has proposed.
“If there is a serious lack of basic trust, strategic and political, between China and the U.S., that will inevitably hold back deepening cooperation in the specialized sphere of climate change,” Zou Ji, the president of Energy Foundation China, who has advised Chinese climate negotiators, wrote recently in a Chinese foreign policy journal.
Cooperation between the United States, the worst emitter of greenhouse gases historically, and China, the worst in the world today, could spur greater efforts from other countries. China accounts for 28 percent of the world’s carbon dioxide emissions; the United States, in second place, emits 14 percent of the global total.
Secretary of State Antony J. Blinken and other American officials have said they are prepared to cooperate with the Chinese government on issues like climate, even as they confront it others, including the crackdowns in Hong Kong and Xinjiang and the menacing military operations against Taiwan and in the South China Sea.
It is not clear that Mr. Xi’s government is prepared to compartmentalize in the same way. Officials have indicated that the souring of relations has spoiled the entire range of issues between the two countries.
“Chinese-U.S. climate cooperation still faces many internal and external constraints and difficulties,” said a study released this week by the Shanghai Institutes for International Studies.
resume the role of China’s climate envoy.
Both he and Mr. Kerry — a former secretary of state and Senate colleague of Mr. Biden’s — have high-level support from the leaders who appointed them, making them powerful voices in the political bureaucracies they must confront at home.
Lauri Myllyvirta, the lead analyst at the Center for Research on Energy and Clean Air in Helsinki, who closely follows Chinese climate policy. “His position has the aura of having been installed from the top.”
The Chinese climate official also oversaw a study from Tsinghua University last year that he has indicated helped shape Mr. Xi’s goals to achieve net carbon neutrality for China before 2060.
video talk late last month with António Guterres, the United Nations secretary-general, Mr. Xie said that wealthy countries should deliver on promises of financial support to help poorer countries cope with global warming and acquire emissions-reducing technology.
official Chinese summary of the meeting. He also appeared to gently suggest that the Biden administration should not assume that it naturally belonged at the head of the table.
“We welcome the United States’ return to the Paris Accord,” Mr. Xie said, “and look forward to the United States striving to catch up and exercise leadership.”
Somini Sengupta contributed reporting. Claire Fu contributed research.
ROME — The European Union was stumbling through a Covid-19 vaccine rollout marred by shortages and logistical bungling in late March when Mario Draghi took matters into his own hands. The new Italian prime minister seized a shipment of vaccines destined for Australia — and along with them, an opportunity to show that a new, aggressive and potent force had arrived in the European bloc.
The move shook up a Brussels leadership that had seemed to be asleep at the switch. Within weeks, in part from his pressing and engineering behind the scenes, the European Union had authorized even broader and harsher measures to curb exports of Covid-19 vaccines badly needed in Europe. The Australia experiment, as officials in Brussels and Italy call it, was a turning point, both for Europe and Italy.
It also demonstrated that Mr. Draghi, renowned as the former European Central Bank president who helped save the euro, was prepared to lead Europe from behind, where Italy has found itself for years, lagging behind its European partners in economic dynamism and much-needed reforms.
In his short time in office — he took power in February after a political crisis — Mr. Draghi has quickly leveraged his European relationships, his skill in navigating E.U. institutions and his nearly messianic reputation to make Italy a player on the continent in a way it has not been in decades.
denied her a chair, rather than a sofa, during a visit to Turkey last week, saying he was “very sorry for the humiliation.”
In his debut in a European meeting as Italy’s prime minister in February, Mr. Draghi, 73, made it clear that he was not there to cheerlead. He told an economic summit including heavy hitters like his European Central Bank successor, Christine Lagarde, to “curb your enthusiasm” when it came to talk about a closer fiscal union.
That sort of union is Mr. Draghi’s long-term ambition. But before he can get anywhere near that, or tackle deep economic problems at home, those around him say Mr. Draghi is keenly aware that his priority needs to be solving Europe’s response to the pandemic.
Italian officials say his distance from the contract negotiations, which were completed before he took office, gave him a freedom to act. He suggested that AstraZeneca had misled the bloc about its supply of vaccine, selling Europe the same doses two or three times, and he immediately zeroed in on an export ban.
“He understood straightaway that the issue was vaccinations and the problem was supplies,” said Lia Quartapelle, a member of Parliament in charge of foreign affairs for Italy’s Democratic Party.
On Feb. 25, he joined a European Council videoconference with Ms. von der Leyen and other European Union leaders. The heads of state warmly welcomed him. “We owe you so much,” Bulgaria’s prime minister told him.
Then Ms. von der Leyen gave an optimistic slide presentation about Europe’s vaccine rollout. But the new member of the club bluntly told Ms. von der Leyen that he found her vaccine forecast “hardly reassuring” and that he didn’t know whether the numbers promised by AstraZeneca could be trusted, according to an official present at the meeting.
He implored Brussels to get tougher and go faster.
Ms. Merkel joined him in scrutinizing Ms. von der Leyen’s numbers, which put the Commission president, a former German defense minister, on the back foot. Mr. Macron, who had championed Ms. von der Leyen’s nomination but quickly formed a strategic alliance with Mr. Draghi, piled on. He urged Brussels, which had negotiated the vaccine contracts on behalf of its members, to “put pressure on corporations not complying.”
At the time, Ms. von der Leyen was coming under withering criticism in Germany for her perceived weakness on the vaccine issue, even as her own commissioners argued that responding too aggressively with a vaccine export ban could hurt the bloc down the road.
Mr. Draghi, with his direct talk during the February meeting, tightened the screws. So did Mr. Macron, who has emerged as his partner — the two are dubbed “Dracon” by the Germans — pushing for a more muscular Europe.
Behind the scenes, Mr. Draghi complemented his more public hard line with a courting campaign. The Italian, who is known to privately call European leaders and pharmaceutical chief executives on their cellphones, reached out to Ms. von der Leyen.
Of all the players in Europe, he knew her the least well, according to European Commission and Italian officials, and he wanted to remedy that and make sure she did not feel isolated.
Then, in early March, as shortages of AstraZeneca’s Covid vaccine continued to disrupt Europe’s rollout and increase public frustration and political pressure, Mr. Draghi found the perfect gift for Ms. von der Leyen: 250,000 doses of seized AstraZeneca vaccine earmarked for Australia.
“He told me that in the days before he was on the phone a lot with von der Leyen,” said Ms. Quartapelle, who spoke with Mr. Draghi the day after the shipment freeze. “He worked a lot with von der Leyen to convince her.”
The move was appreciated in Brussels, according to officials in the Commission, because it took the onus off Ms. von der Leyen and gave her political cover while simultaneously allowing her to seem tough for signing off on it.
The episode has become a clear example of how Mr. Draghi builds relationships with the potential to yield big payoffs not only for himself and Italy, but all of Europe.
On March 25, when the Commission became suspicious over 29 million AstraZeneca doses in a warehouse outside Rome, Ms. von der Leyen called Mr. Draghi for help, officials with knowledge of the calls said. He obliged, and the police were quickly dispatched.
In the meantime, Mr. Draghi and Mr. Macron, joined by Spain and others, continued to support a harder line from the Commission on vaccine exports. The Netherlands was against it, and Germany, with a vibrant pharmaceutical market, was queasy.
When the European leaders met again in a video conference on March 25, Ms. von der Leyen seemed more confident in the political and pragmatic advantages of halting exports of Covid vaccines made in the European Union. She again presented slides, this time authorizing a broader six-week curb on exports from the bloc, and Mr. Draghi stepped back into a supportive role.
“Let me thank you for all the work that has been done,” he said.
After the meeting, Mr. Draghi, however modestly, gave Italy — and by extension himself — credit for the steps allowing export bans. “This is more or less the discussion that took place,” he told reporters, “because this was the issue originally raised by us.”
Iran’s top leader said Wednesday that his country would keep negotiating with world powers over how to salvage the 2015 nuclear deal, quashing speculation that Iran’s delegation would boycott or quit participating in protest of the apparent Israeli sabotage of a major uranium enrichment site this past weekend.
The declaration by the top leader, Ayatollah Ali Khamenei, who has the last word on security matters in the country of 80 million, came three days after an explosive blast at the Natanz enrichment site plunged the heavily guarded facility into a blackout and disabled or destroyed hundreds of underground centrifuges used to process uranium into fuel.
Suspicion for the destruction immediately fell on Israel, which has sabotaged the Natanz site before. Israel neither confirmed nor denied the accusation but intelligence officials said it was a clandestine Israeli operation.
Outraged and embarrassed over such a security lapse, Iran vowed on Tuesday to triple its uranium enrichment purity — the most brazen departure yet from its commitments under the nuclear deal.
also said they would resume, at 12:30 p.m. local time on Thursday.
The discussions, which began early this month and recessed last Friday, are intended to map out a plan for the return of both Iran and the United States to compliance with the deal, which has teetered on collapse since President Donald J. Trump abruptly withdrew the United States from it three years ago.
Twitter that process could begin soon.
Iran has said that all of its departures from compliance with the nuclear agreement could be easily and quickly reversed when the United States rescinds its sanctions.
carried out a series of raids and attacks targeting Iran’s nuclear scientists and its uranium enrichment facilities.
Although American and Israeli governments have collaborated before to counter what they see as Iran’s militaristic nuclear ambitions, Washington denied any role in Sunday’s blackout. The Biden administration has said it remains committed to reviving the nuclear agreement.
Iran and the United States have not been negotiating directly in the talks in Vienna, which are led by the European Union. Instead the other participants in the 2015 accord — Britain, China, France, Germany and Russia — are acting as intermediaries.
Before the blackout at Natanz, European officials maintained that both Iran and the United States were invested in the success of the talks.
The foreign ministries of Germany, France and Britain issued a joint a statement on Wednesday condemning Iran’s uranium enrichment intentions and said that they “reject all escalatory measures by any actor.”
“This is a serious development since the production of highly enriched uranium constitutes an important step in the production of a nuclear weapon,” the statement read. “Iran has no credible civilian need for enrichment at this level.”
The talks adjourned on a positive note last week. They were scheduled to continue this week after all parties agreed to move forward.
according to senior diplomats who were involved. Two working groups were formed to discuss sanctions and uranium enrichment, both tasked with mapping out a plan to bring the United States and Iran back into compliance with the 2015 deal, formally known as the Joint Comprehensive Plan of Action.
Steven Erlanger and Rick Gladstone contributed reporting.
Iran said Tuesday that it would begin enriching uranium to a level of 60 percent purity, three times the current level and much closer to that needed to make a bomb, though American officials doubt the country has the ability to produce a weapon in the near future.
Deputy Foreign Minister Seyed Abbas Araghchi, Iran’s top nuclear negotiator, did not give a reason for the shift, but it appeared to be retaliation for an Israeli attack on Iran’s primary nuclear fuel production plant as well as a move to strengthen Iran’s hand in nuclear talks in Vienna.
Mr. Araghchi said that Iran had informed the International Atomic Energy Agency of its decision in a letter on Tuesday.
Iran also attacked an Israeli-owned cargo ship off the coast of the United Arab Emirates on Tuesday, officials said, the latest clash in its maritime shadow war with Israel. The attack was another sign of increased tensions in the region but was reported to have caused little to no damage.
threat assessment report released on Tuesday.
The report said, however, that “if Tehran does not receive sanctions relief” — as Iran has demanded — “Iranian officials probably will consider options ranging from further enriching uranium up to 60 percent to designing and building a new” nuclear reactor that could, over the long term, produce bomb-grade material. That would take years.
The assessment would seem to give President Biden some breathing room as he enters negotiations in Vienna aimed at restoring some form of the nuclear agreement.
the attack on Sunday at the nuclear fuel-production center at Natanz, where an explosion knocked the facility offline. He said that Iran would install an additional 1,000 centrifuges there to increase the plant’s capacity by 50 percent.
An Iranian official also provided a new estimate of the damage caused by the attack, saying that several thousand centrifuges were “completely destroyed.” That level of destruction takes out a large portion of Iran’s ability to enrich uranium.
But the full extent of the damage is unknown, and Iran presumably is vulnerable to continued attacks on its nuclear infrastructure. Until the electric power systems are rebuilt at Natanz, it would be impossible to make new centrifuges spin.
Iran is expected to replace the first-generation centrifuges damaged in the Israeli attack with more advanced, more efficient models.
uses about 1,000 centrifuges.
To raise the level to 60 percent purity, Iran would have to turn over roughly half of those machines onto the new enrichment job. Purifying it to 90 percent would require another hundred or so machines.
apparent mine attack by Israel on an Iranian military vessel in the Red Sea, the American official said.
A cargo ship owned by the same company, the Helios Ray, was attacked by Iran earlier this year.
Iranian officials also revealed more details about the Natanz attack on Tuesday, suggesting that the damage was greater than Iran previously reported.
Alireza Zakani, a member of Parliament and head of its research center, said on state television that “several thousand of our centrifuges have been completely destroyed,” representing a large portion of the country’s ability to enrich uranium.
He described official statements on Monday that the facility would be quickly repaired as false promises.
Foreign intelligence officials have said it could take many months for Iran to undo the damage.
Iranian officials have been livid about the security lapses that have allowed a series of attacks on Iran’s nuclear program over the past year, ranging from sabotage of nuclear facilities to the theft of classified documents to the assassination of Iran’s chief nuclear scientist. Most of these attacks were presumed to have been carried out by Israel.
Mr. Zakani criticized Iran’s security apparatus as lax, saying it had allowed spies to “roam free,” turning Iran into “a haven for spies.”
He said that in one incident, some nuclear equipment belonging to a major facility was sent abroad for repair and that when it returned the equipment was packed with 300 pounds of explosives. In another incident, he said, explosives were placed in a desk and smuggled inside the nuclear facility.
Iran has long maintained that its nuclear program is peaceful and aimed at energy development. Israel claims that Iran had and may still have an active nuclear weapons program and considers the possibility of a nuclear-armed Iran an existential threat.
The nuclear talks that began in Vienna last week have been delayed because a member of the European Union delegation tested positive for the coronavirus. The talks could resume as early as Thursday if the member tests negative.
Patrick Kingsley, Ronen Bergman and Steven Erlanger contributed reporting.
We could be on the verge of a golden era for inflation nonsense. If so, its start date may well turn out to have been Tuesday morning, when new data on consumer prices was released.
The potential for misunderstanding derives from several forces crashing against each other at once. There are sure to be shortages of some goods and services as the economy creaks back to life, which could create scattered price increases for airplane tickets or hotel rooms or, as has been the case recently, certain computer chips.
There are valid concerns that the trillions of dollars of government stimulus dollars could push the economy beyond its limits and create a broad-based overheating.
But to be a savvy consumer of economic data, it’s important to separate those potential forces from the inflation data coming right now, which tells us more about the past than the future. Don’t take the backward-looking information in the new report as proof that those inflation warnings are coming true.
strange episode last April when the price of crude oil futures went negative?).
Demand for gasoline, jet fuel and other petroleum products is finally rising, but energy producers can’t flip a switch and produce enough fuel to meet that demand overnight, and are doubtless scarred by their losses last spring.
Similarly, grocery prices are up substantially: an annualized 3.8 percent rise since February 2020, led by a 5.9 percent rise in the price of meat, poultry, fish and eggs. If it feels as if proteins are more expensive than before the pandemic, you’re not imagining it.
Central bankers tend to look past swings in energy and food prices, which tend to fluctuate in ways that don’t portend inflation across the economy. But some elements of “core” inflation are also showing odd inflation dynamics, even when corrected for base effects.
Used cars and trucks, for example, are up an annualized 11 percent since February 2020, most likely because many people sought a way to get around besides public transport.
The flip side of that: Airfare is still far below its prepandemic levels, down an adjusted 23.9 percent from February 2020. There is plenty of reason to expect that airplanes will be crowded this summer, especially on routes to leisure destinations, as a newly vaccinated population looks to stretch its wings. But prices still have not caught up to their prepandemic norm.
Oh, and clothing is still cheaper than prepandemic levels as well, with a 2.7 percent adjusted fall in apparel prices since February 2020.
The sharp divergences in these sectors show the importance of looking at economic data more deeply than usual in the months ahead. Many of the sectors with the most extreme price effects from the pandemic bottomed out in April or May, not March — meaning the distortions in year-over-year numbers will get even bigger over the next few months.
But beyond that, with so many parts of the economy going through wrenching change, headline numbers on inflation or anything else will mean less than usual in the coming months. Rather it’s better to break things down by sector to understand whether the dynamics reflect a one-time reset of the economy or something bigger.
The Biden administration and the Federal Reserve are betting on a one-time reset, with temporary price spikes followed by a steadying of both inflation and growth in 2022. If something more pernicious arrives, it won’t show up as a few weird data points in 2021, but as a broad-based surge in prices across the economy that becomes a cycle of rising prices.
To understand an economy in uncharted territory, the details matter more than the headlines.
TOKYO — In late 2019, the Japanese government convened diplomats from 22 countries for a briefing on its handling of more than a million tons of wastewater from Fukushima’s crippled nuclear reactors.
Storage space was rapidly running out, the authorities explained, and they were considering several solutions. Among them was removing the most harmful radioactive material from the water and then gradually releasing it into the ocean. The diplomats raised no objections, the Japanese Foreign Ministry said.
On Tuesday, when Japan officially announced that it would put the plan into action, the knives came out. South Korea denounced it as “utterly intolerable” and summoned the Japanese ambassador. China cited “grave concerns.” Taiwan also raised strong objections.
Japan has dismissed criticism of its plan as unscientific, saying that the treated water is well within safety standards, and pointing out that such releases into oceans are routine around the world. But its argument, as the reaction on Tuesday showed, leaves Tokyo a long way from winning its neighbors’ trust, a challenge made all the more difficult by growing regional tensions on a range of issues.
Japan’s handling of the nuclear disaster. China and South Korea are among 15 countries or regions that have banned or restricted food imports from Fukushima, despite the Japanese government’s abundant efforts to demonstrate that products from the area, from rice to fish, are safe to eat.
International advocacy groups, like Greenpeace, have also criticized the government’s decision, arguing that it is a cost-saving measure that ignores the potential environmental harms. The group advocates building additional storage facilities for the waste instead.
Even at home, the idea of pouring water, treated or not, from the crippled plant into the ocean is unpopular. In a national poll late last year by the Japanese daily The Asahi Shimbun, 55 percent of respondents opposed the plan.
It is even less welcome in Fukushima itself, where residents fear that the mere perception of risk will destroy the local fishing industry, which has been hoping for a rebound after a decade of self-imposed limits.
the 2011 earthquake and tsunami generates more than 150 additional tons a day.
Under the plan, powerful filters will be used to remove all of the radioactive material from the water except for tritium, an isotope of hydrogen that experts say is not harmful to human health in small doses. Radiation levels in the resulting product, the government says, are lower than those found in drinking water. Japan intends to start releasing the water in 2023, in a process that is expected to take decades.
In an effort to ease minds at home, the authorities have placed dosimeters around the prefecture to monitor radiation levels and conduct routine screenings of seafood from the region. The government has held public hearings on the plan in Fukushima and in Tokyo.
The authorities say that they have also discussed the issue extensively with other countries and at international forums. In a news briefing on Tuesday, a Japanese official said that the country had held 108 group briefings for diplomats in Japan and had met with representatives from China and South Korea on the day of the announcement to explain the decision.
The United States came out in support of the plan. The International Atomic Energy Agency also endorsed it, saying in a statement that it was “in line with practice globally, even though the large amount of water at the Fukushima plant makes it a unique and complex case.”
The gap between such reassurances and the strident reactions closer to home was striking.
The outrage in the region is “quite understandable,” said Nanako Shimizu, an associate professor of international relations at Utsunomiya University in Japan who is opposed to the plan.
“If South Korea or China announced the same thing, I’m sure that the Japanese government and the vast majority of the Japanese people would also object,” she said.
Governments in the region most likely feel domestic pressure to take a strong stance, said Eunjung Lim, an associate professor of international relations at Kongju National University in Gongju, South Korea, who specializes in Japan and South Korea.
Whether their worries are rational or not, many people in the region “are going to be very, very anxious about what would happen if this radioactive material came into our near seas and contaminated our resources,” she said.
Even under the best of circumstances, Japan would find it “really difficult to persuade its neighbors to accept this kind of decision, because obviously, it’s not our fault. It’s Japan’s fault, so why do we have to experience this kind of difficulty?” she added.
Regional tensions have made surrounding countries even less receptive to the plan. In recent years, territorial disputes and disagreements over trade and historical issues related to World War II have strained Japan’s relations with China and South Korea, with spillover effects on government dialogues across a broad range of issues.
China warned Japan on Tuesday against taking any decision without further consultation with the international community, saying that it “reserved the right to take further action.”
In its statement, South Korea accused Japan of taking “unilateral action” without seeking consultation and understanding with South Korea, which “lies closest to Japan.”
Some in Japan believe that such complaints should be met with more than scientific arguments. Shunichi Tanaka, a former chairman of the Nuclear Regulation Authority, said that the criticism smacked of hypocrisy.
South Korea itself operates four heavy-water reactors that routinely discharge water containing tritium at higher levels than those planned in Fukushima, he said in a recent interview.
“When South Korea makes claims like this, we shouldn’t be quiet, we need to properly refute them,” he said.
But the challenge Japan faces is not just on the global stage. At home, many are reluctant to trust the government or Tepco, the nuclear plant’s operator.
A parliamentary commission found that the meltdowns had been the result of a lack of oversight and of collusion between the government, the plant’s owner and regulators. And Tepco was forced to retract assertions that it had treated most of the wastewater. In fact, it had completely processed only about one-fifth, a problem that arose from a failure to change filters in the decontamination system frequently enough.
Ultimately, Japan is in a battle to alter perceptions, whether of the trustworthiness of its own government or of the risk posed by the treated water, said Hirohiko Fukushima, a professor at Chuo Gakuin University specializing in local governance issues.
In Fukushima, the government’s response to local concerns has often come across as highhanded, he said. Changing that view will require the authorities to improve transparency around their decisions and build new relationships, he said.
“From my perspective,” he added, “it’s probably difficult for Japan to convince foreign countries when it can’t even convince its own people.”
Choe Sang-Hun contributed reporting from Seoul. Albee Zhang contributed research from Shanghai.
STOREY COUNTY, Nev. — You can’t ride the wild mustangs at the Tahoe-Reno Industrial Center in Nevada, but you’re nearly guaranteed to see bands of them loping over sagebrush in a scene that feels straight out of the 1800s.
At least until the dust clears and Tesla’s 5.3-million-square-foot “Gigafactory” comes into focus.
Welcome to the Silver State, where Elon Musk, a cryptocurrency tycoon and a brothel owner are using a symbol of Americana as a social media recruiting tool.
The water cooler used to be the spot in the office to talk shop. Then came on-site cafes, fitness and yoga studios, rooftop gardens, fire pits and rock-climbing walls. “The overarching trend of the last five years has been the hotelification of the office,” said Lenny Beaudoin, an executive managing director at CBRE.
For employers, the newest amenities to wow workers are ideological, with environmental commitments topping the list, said Jason H. Somers, the president of Crest Real Estate, a Southern California real estate consultancy.
progress by corporate giants, but most efforts remain so opaque that it’s tough to spot greenwashing, the use of sustainability efforts to appear more attractive.
Embracing high environmental standards can be challenging and expensive. Some companies pay others to reduce emissions. Others plant trees, which can take years to grow and rely heavily on water and care.
Tesla used a $1.3 billion state tax break to build its $5 billion factory, tapping into a local work force still reeling from the Great Recession and ushering in a wave of Silicon Valley heavies. Switch, a technology infrastructure company, set up three data centers, then Google gobbled up 1,200 acres. Blockchains bought 67,000 acres for $170 million in 2018, becoming the park’s biggest tenant.
hoped to transform the expanse into an experimental city run by his encrypted digital systems. He pledged to build 15,000 homes, turning it into a huge innovation zone, with his company overseeing everything from schools to courts, law and water.
“I want this to become the greatest social experiment in the history of the world,” he said. “It’s going to be a cross between Disneyland and the chocolate factory from Willy Wonka.”
He’ll have to rethink the scope: In March, the county voted against the secession plan.
Mr. Berns says he plans to develop around 25,000 of his 67,000 acres, but for now, it will remain an outpost for wild horses.
Nevada is home to more than half of the country’s 95,000 wild horses and burros, descendants of animals brought to the continent by Spanish conquistadors in the 1500s. Managed by the federal Bureau of Land Management to the tune of about $100 million annually, wild horses live on protected and private land crisscrossed by freeways.
Wild Horse Connection, an advocacy group. “Horses in traffic, on the wrong side of fencing, vehicular, train accidents, sick or ill horses.”
Rescues triple once mares start foaling, said Ms. Vance, whose annual budget is about $100,000, including small donations from the office park and tenants. She says further expansion depletes open spaces and decreases grazing areas.
“Horses have migration patterns, and when a development comes in, it cuts that off and there’s more interactions with people,” she said.
One solution is humane horse fertility so the animals, which can spend up to 16 hours a day eating, don’t overpopulate and overgraze.
American Wild Horse Campaign, has worked with the office park since 2012, spending more than $200,000 on fertility control, water and feeding in the last three years.
“Development displaces wildlife,” she said. Water stations help, she said, as does an underground crossing built by Switch.
But the horses will not offset the park’s overall carbon footprint, said Simon Fischweicher, the North American head of corporations and supply chains at CDP. Tenants like Tesla, whose lithium-ion batteries are costly to mine and nearly impossible to recycle, require a lot of energy.
Switch is installing its own solar panels, and there are two green fuel plants on site, but distribution and data centers use large amounts of water for heating and cooling, and “supply chain emissions are on average 11.4 times higher than operational emissions,” Mr. Fischweicher said.
Others question the need to use the horses as a lure. Mr. Thompson says most of the roughly 25,000 workers at the office park are blue-collar Nevadans living within an hour commute. They’re here for jobs, not because of horses.
Growth for the industrial park means luring workers from out of state, expanding limited housing nearby and developing more land — all of which jeopardize the wildlife incentive.
“Quality of food, retail choices and housing are going to shape those decisions more than having wild horses nearby,” Mr. Beaudoin of CBRE said. “I would never bet against someone like Elon Musk, but there are other factors to attract workers.”
Japan said on Tuesday that it had decided to gradually release tons of treated wastewater from the ruined Fukushima Daiichi nuclear plant into the ocean, describing it as the best option for disposal despite fierce opposition from fishing crews at home and concern from governments abroad.
The plan to release the water in two years was approved during a cabinet meeting of ministers early Tuesday.
Disposal of the wastewater has been long delayed by public opposition and by safety concerns. But the space used to store the water is expected to run out next year, and Prime Minister Yoshihide Suga told lawmakers on Monday that the ocean release was “unavoidable” and could no longer be postponed.
The Fukushima crisis was set off in March 2011 by a huge earthquake and tsunami that ripped through northeastern Japan and killed more than 19,000 people. The subsequent meltdown of three of the plant’s six reactors was the worst nuclear disaster since Chernobyl. Tens of thousands of people fled the area around the plant or were evacuated, in many cases never to return.
Ten years later, the cleanup is far from finished at the disabled plant, which is operated by the Tokyo Electric Power Company. To keep the three damaged reactor cores from melting, cooling water is pumped through them continuously. The water is then sent through a powerful filtration system that is able to remove all of the radioactive material except for tritium, an isotope of hydrogen that experts say is not harmful to human health in small doses.
said last year that both options were “technically feasible.” Nuclear power plants around the world routinely discharge treated wastewater containing tritium into the sea.
But the Japanese government’s plan faces strong opposition from local officials and fishing crews, who say that it would add to consumer fears about the safety of Fukushima seafood. Catch levels in the area are already a small fraction of what they were before the disaster.
across the United States. Snap polls during the call suggested that most of the participants favor doing something, though what that would be isn’t yet clear, the DealBook newsletter reports.
The voting-rights debate is fraught for companies, putting them at the center of an increasingly heated partisan battle. Ken Chenault, the former American Express chief, and Ken Frazier, the Merck chief executive, urged the executives on the call to publicly state their support for broader ballot access. The two had gathered 70 fellow Black leaders to sign a letter last month calling on companies to fight bills that restrict voting rights, like the one that recently passed in Georgia.
A survey this month of 1,221 Americans shows support for companies wading into politics. The data, provided by the market research firm Morning Consult, was presented to the business leaders on the call, which was convened by Jeffrey Sonnenfeld, a professor at Yale. Here are some highlights:
Fifty-seven percent of Americans think companies should cut back on donations to elected officials who are working to limit voting rights. Nearly three-quarters of respondents said that the government should ensure equitable access to voting locations.
More than half of Americans said they were more likely to buy from companies that promote certain social causes, including racial equality and civil rights, although support among Democrats was stronger than among Republicans on many of these issues. Among the handful of issues that would make Republicans less likely to buy from a company were support for the Black Lives Matter movement, abortion rights, stricter gun control and L.G.B.T. rights.
In a separate survey of 2,200 Americans by Morning Consult, 62 percent of “avid” fans said they supported Major League Baseball’s decision to move the All-Star Game from Georgia in response to the state’s new voting restrictions. Support was lower among all adults (39 percent), but if the league was worried about the effect on its most dedicated fans, this is an important finding.
Microsoft said on Monday that it would buy Nuance Communications, a provider of artificial intelligence and speech-recognition software, for about $16 billion, as it pushes to expand its health care technology services.
In buying Nuance, whose products include Dragon medical transcription software, Microsoft is hoping to bolster its offerings for the fast-growing field of medical computing. The two companies have already partnered on ways to automate the process of transcribing doctors’ conversations with patients and integrating that information into patients’ medical records.
Nuance is also known for providing the speech recognition software behind Siri, Apple’s virtual assistant. In recent years, however, it has focused on creating and selling software focused on the medical field.
Under the terms of the deal announced on Monday, Microsoft will pay $56 a share in cash, up 23 percent from Nuance’s closing price on Friday. Including assumed debt, the transaction values Nuance at about $19.7 billion.
The deal is Microsoft’s biggest takeover since its 2015 acquisition of LinkedIn for $26.2 billion.
“Nuance provides the A.I. layer at the health care point of delivery and is a pioneer in the real-world application of enterprise A.I.,” Satya Nadella, Microsoft’s chief executive, said in a statement.
A year into the pandemic, there are signs that the American economy is stirring back to life, with a falling unemployment rate and a growing number of people back at work. Even mothers — who left their jobs in droves in the last year in large part because of increased caregiving duties — are slowly re-entering the work force.
But young Americans — particularly women between the ages of 16 and 24 — are living an altogether different reality, with higher rates of unemployment than older adults. And many thousands, possibly even millions, are postponing their education, which can delay their entry into the work force.
New research suggests that the number of “disconnected” young people — defined as those who are in neither school nor the work force — is growing. For young women, experts said, the caregiving crisis may be a major reason many have delayed their education or careers.
Last year, unemployment among young adults jumped to 27.4 percent in April from 7.8 percent in February. The rate was almost double the 14 percent overall unemployment rate in April and was the highest for that age group in the last two decades, according to the Bureau of Labor Statistics.
At its peak in April, the unemployment rate for young women over all hit 30 percent — with a 22 percent rate for white women in that age group, 30 percent for Black women and 31 percent for Latina women.
Those numbers are starting to improve as many female-dominated industries that shed jobs at the start of the pandemic, like leisure, retail and education, are adding them back. But roughly 18 percent of the 1.9 million women who left the work force since last February — or about 360,000 — were 16 to 24, according to an analysis of seasonally unadjusted numbers by the National Women’s Law Center.
At the same time, the number of women who have dropped out of some form of education or plan to is on the rise. During the pandemic, more women than men consistently reported that they had canceled plans to take postsecondary classes or planned to take fewer classes, according to a series of surveys by the U.S. Census Bureau since last April.
“We’ve focused in particular on the digital divide and the impact of that on the learning loss for kids,” said Reshma Saujani, founder of the nonprofit group Girls Who Code. “But we’re not talking about how the caregiving crisis is impacting the learning loss for kids and how it’s disproportionately impacting girls and girls of color.”
All of this can have long-term knock-on effects. Even temporary unemployment or an education setback at a young age can drag down someone’s potential for earnings, job stability and even homeownership years down the line, according to a 2018 study by Measure of America that tracked disconnected youth over the course of 15 years.
For the past year, the British economy has yo-yoed with the government’s pandemic restrictions. On Monday, as shops, outdoor dining, gyms and hairdressers reopened across England, the next bounce began.
The pandemic has left Britain with deep economic wounds that have shattered historical records: the worst recession in three centuries and record levels of government borrowing outside wartime.
Last March and April, there was an economic slump unlike anything ever seen before when schools, workplaces and businesses abruptly shut. Then a summertime boom, when restrictions eased and the government helped usher people out of their homes with a popular meal-discount initiative called “Eat Out to Help Out.”
Beginning in the fall, a second wave of the pandemic stalled the recovery, though the economic impact wasn’t as severe as it had been last spring. Still, the government has spent about 344 billion pounds, or $471 billion, on its pandemic response. To pay for it, the government has borrowed a record sum and is planning the first increase in corporate taxes since 1974 to help rebalance its budget.
By the end of the year, the size of Britain’s economy will be back where it was at the end of 2019, the Bank of England predicts. “The economy is poised like a coiled spring,” Andy Haldane, the central bank’s chief economist said in February. “As its energies are released, the recovery should be one to remember after a year to forget.”
Even though a lot of retail spending has shifted online, reopening shop doors will make a huge difference to many businesses.
Daunt Books, a small chain of independent bookstores, was busy preparing to reopen for the past week, including offering a click-and-collect service in all of its stores. Throughout the lockdown, a skeleton crew “worked harder than they’ve ever worked before, just to keep a trickle” of revenue coming in from online and telephone orders, said Brett Wolstencroft, the bookseller’s manager.
“The worst moment for us was December,” Mr. Wolstencroft said, when shops were shut in large parts of the country beginning on Dec. 20. “Realizing you’re losing your last bit of Christmas is exceptionally tough.”
He says he is looking forward to having customers return to browse the shelves and talk to the sellers. “We’d sort of turned ourselves into a warehouse” during the lockdown, he said, “but that doesn’t work for a good bookshop.”
With the likes of pubs, hairdressers, cinemas and hotels shut for months on end, Brits have built up more than £180 billion in excess savings, according to government estimates. That money, once people can get out more, is expected to be the engine of this recovery — even though economists are debating how much of this windfall will end up in the tills of these businesses.
Monday is just one phase of the reopening.Pubs can serve customers only in outdoor seating areas, and less than half, about 15,000, have such facilities. Hotels will also remain closed for at least another month alongside indoor dining, museums and theaters. The next reopening phase is scheduled for May 17.
Over all, two-fifths of hospitality businesses have outside space, said Kate Nicholls, the chief executive of U.K. Hospitality, a trade group.
“Monday is a really positive start,” she said. “It helps us to get businesses gradually back open, get staff gradually back off furlough and build up toward the real reopening of hospitality that will be May 17.”
Saudi Aramco, the national oil company of Saudi Arabia, has reached a deal to raise $12.4 billion from the sale of a 49 percent stake in a pipeline-rights company.
The money will come from a consortium led by EIG Global Energy Partners, a Washington-based investor in pipelines and other energy infrastructure.
Under the arrangement announced on Friday, the investor group will buy 49 percent of a new company called Aramco Oil Pipelines, which will have the rights to 25 years of payments from Aramco for transporting oil through Saudi Arabia’s pipeline networks.
Aramco is under pressure from its main owner, the Saudi government, to generate cash to finance state operations as well as investments like new cities to diversify the economy away from oil.
The company has pledged to pay $75 billion in annual dividends, nearly all to the government, as well as other taxes.
Last year, the dividends came to well in excess of the company’s net income of $49 billion. Recently, Aramco was tapped by Crown Prince Mohammed bin Salman, the kingdom’s main policymaker, to lead a new domestic investment drive to build up the Saudi economy.
The pipeline sale “reinforces Aramco’s role as a catalyst for attracting significant foreign investment into the Kingdom,” Aramco said in a statement.
From Saudi Arabia’s perspective, the deal has the virtue of raising money up front without giving up control. Aramco will own a 51 percent majority share in the pipeline company and “retain full ownership and operational control” of the pipes the company said.
Aramco said Saudi Arabia would retain control over how much oil the company produces.
Abu Dhabi, Saudi Arabia’s oil-rich neighbor, has struck similar oil and gas deals with outside investors.
Global stocks drifted lower from recent highs on Monday ahead of a batch of first-quarter earnings reports. The S&P 500 was set to open 0.4 percent lower, futures indicated, after reaching a record high on Friday.
Most European stocks indexes fell. The Stoxx Europe 600 also declined from a high reached on Friday. The index was 0.2 percent lower on Monday, with energy and airline stocks among the companies that fell the most. The FTSE 100 in Britain was down 0.2 percent.
Stocks have recently been propelled higher by expectations that the global economy will recover strongly from the pandemic this year. Much of the impetus is expected to come from the United States, where trillions of dollars are being spent on various economic recovery packages. On Sunday, Federal Reserve chair, Jerome H. Powell, said the economy was at an “inflection point” and on the cusp of growing more quickly.
But there are still concerns about the uneven nature of the global recovery. For example, parts of Europe and South America are still struggling to contain outbreaks of the coronavirus and the vaccine rollout is slower than in the United States and Britain.
Oil prices and Treasury notes
Oil futures rose. Futures of West Texas Intermediate, the U.S. crude benchmark, rose 0.4 percent to $59.53 a barrel.
Yields on 10-year U.S. Treasury notes were little changed at 1.66 percent.
Retail sales in the eurozone rose more than economists forecast, data published Monday shows. Sales jumped 3 percent in February from the previous month, compared with predictions of a 1.7 percent increase.
In England, nonessential retail stores opened on Monday for the first time in more than three months. Shares in JD Sports, a clothing retailer, rose in the morning and hit a record high. But by midmorning shares, were down 0.4 percent and fell alongside several other large British brands, including Marks & Spencer and Next. Foot traffic in shopping locations across Britain was three times greater than last week, according to data from Springboard.
The deadline to file a 2020 individual federal return and pay any tax owed has been extended to May 17. But some deadlines remain April 15, Ann Carrns reports for The New York Times. So it’s a good idea to double-check deadlines.
Most, but not all, states are following the extended federal deadlines, and a few have adopted even more generous extensions.
But the Internal Revenue Service has not postponed the deadline for making first-quarter 2021 estimated tax payments. This year, the first estimated tax deadline remains April 15. Some members of Congress are pushing for the I.R.S. to reconcile the deadlines, but it’s unclear whether that will happen, with April 15 less than a week away.
Most states have retained their usual deadlines for first-quarter estimated taxes. One exception is Maryland, which moved both its filing deadline and the deadline for first- and second-quarter estimated tax payments to July 15.
Even as unionization elections, like the lopsided vote against a union at Amazon’s warehouse in Bessemer, Ala., have often proven futile, labor has enjoyed some success over the years with an alternative model — what sociologist of labor calls the “air war plus ground war.”
The idea is to combine workplace actions like walkouts (the ground war) with pressure on company executives through public relations campaigns that highlight labor conditions and enlist the support of public figures (the air war). The Service Employees International Union used the strategy to organize janitors beginning in the 1980s, and to win gains for fast-food workers in the past few years, including wage increases across the industry, Noam Scheiber reports for The New York Times.
“There are almost never any elections,” said Ruth Milkman, a sociologist of labor at the Graduate Center of the City University of New York. “It’s all about putting pressure on decision makers at the top.”
Labor leaders and progressive activists and politicians said they intended to escalate both the ground war and the air war against Amazon after the failed union election, though some skeptics within the labor movement are likely to resist spending more revenue, which is in the billions of dollars a year but declining.
Stuart Appelbaum, the president of the retail workers union, said in an interview that elections should remain an important part of labor’s Amazon strategy. “I think we opened the door,” he said. “If you want to build real power, you have to do it with a majority of workers.”
But other leaders said elections should be de-emphasized. Jesse Case, secretary-treasurer of a Teamsters local in Iowa, said the Teamsters were trying to organize Amazon workers in Iowa so they could take actions like labor stoppages and enlist members of the community — for example, by turning them out for rallies.
President Biden’s sweeping pandemic relief bill and his multitrillion-dollar initiatives to rebuild infrastructure and increase wages for health care workers are intended to help ease the economic disadvantages facing racial minorities.
Yet academic experts and some policymakers say still more will be needed to repair a yawning racial wealth gap, in which Black households have a mere 12 cents for every dollar that a typical white household holds.
The disparity results in something of a rigged game for Black Americans, in which they start out behind in economic terms at birth and fall further behind during their lives, Patricia Cohen writes in The New York Times. Black graduates, for example, have to take out bigger loans to cover college costs, compelling them to start out in more debt — on average $25,000 more — than their white counterparts.
The persistence of the problem affects the entire economy: A study by McKinsey & Company found that consumption and investment lost because of the gap cost the U.S. economy $1 trillion to $1.5 trillion over 10 years.
It also has deep historical roots. African-Americans were left out of the Homestead Act, which distributed land to citizens in the 19th century, and largely excluded from federal mortgage loan support programs in the 20th century.
As a result, the gap is unlikely to shrink substantially without policies that specifically address it, such as government-funded accounts that provide children with assets at birth. Several states have experimented with these programs on a small scale.
“We have very clear evidence that if we create an account of birth for everyone and provide a little more resources to people at the bottom, then all these babies accumulate assets,” said Michael Sherraden, founding director of the Center for Social Development at Washington University in St. Louis, which is running an experimental program in Oklahoma. “Kids of color accumulate assets as fast as white kids.”
An update to the contact tracing app used in England and Wales has been blocked from release by Apple and Google because of privacy concerns, renewing a feud between the British government and the two tech giants about how smartphones can be used to track Covid-19 cases.
In an attempt to trace possible infections, the update to the app would have allowed a person who tests positive for the virus to upload a list of restaurants, shops and other venues they recently visited, data that would be used by health officials for contact tracing. But collecting such location information violates the terms of service that Google and Apple forced governments to agree to in exchange for making contact tracing apps available on their app stores.
The dispute, first reported by the BBC, highlights the supernational role that Apple and Google have played responding to the virus. The companies, which control the software of nearly every smartphone in the world, have forced governments to design contact tracing apps to their privacy specifications, or risk not have the tracking apps made available to the public. The gatekeeper role has frustrated policymakers in Britain, France and elsewhere, who have argued those public health decisions are for governments, not private companies to make.
The release of the app update was to coincide with England’s relaxation of lockdown rules. On Monday, the country began loosening months of Covid-related restrictions, allowing nonessential shops to reopen, and pubs and restaurants to serve customers outdoors.
An older version of the contact tracing app continues to work, but the data is stored on a person’s device, rather than being kept in a centralized database.
To use the app, visitors to a store or restaurant take a photo of a poster with a QR code displayed in the business, and the software keeps a record of the visit in case someone at the same location later tests positive.
Apple and Google are blocking the update that would let people upload the history of the locations they have checked into directly to health authorities.
The Department of Health and Social Care said it is in discussions with Apple and Google to “provide beneficial updates to the app which protect the public.”
Apple did not respond to a request for comment. Google declined to comment.