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Amazon Prime Day is a major cause of injuries for warehouse workers, Senate review says

A report released by Senator Bernie Sanders says Amazon’s popular Prime Day sales event has been “a major cause of injuries” for warehouse workers who pick and pack customer orders at the company's facilities across the U.S.  The report released to coincide with the start of Prime Day on Tuesday says nearly 45 out of 100 workers were injured during the two-day sales event in 2019. An Amazon spokesperson says the company has improved its safety numbers since 2019 and disputes many of the report’s claims. The report drew information from a year-long Senate committee investigation into Amazon’s safety practices and said peak shopping times result in the “highest weekly injury rates” for warehouse workers.

New inflation warning: Get used to high interest rates, IMF says

London (CNN) — The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world.Persistently high prices for services — which include haircuts, hotels and restaurants…

Here’s why people have fond memories of the Trump economy

(CNN) — In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. They quit their property management jobs and opened a restaurant, Rustic Burger, in Fayetteville, North Carolina.Trista Schmier, who had…

Biden unveils plan to cap rent hikes

(CNN) — President Joe Biden revealed a series of proposals aimed at lowering housing costs on Tuesday as inflation and elevated home prices are shaping up to be decisive issues for voters this year.The plan, which is subject to congressional…

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy. The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give about $275 to 50 million citizens in digital money to spend at local businesses. Prime Minister Srettha Thavisin posted on the social platform X on Monday, saying the registration will begin Aug. 1. The program was a major campaign promise by the ruling party ahead of last year’s general election.