Tuesday, January 22US and Worldwide HEADLINE NEWS!

Business

Carlos Ghosn Is Denied Bail as Jail Stint Looks to Continue – The New York Times

Carlos Ghosn Is Denied Bail as Jail Stint Looks to Continue – The New York Times

Business
. Supported byCarlos Ghosn Is Denied Bail as Jail Stint Looks to ContinueImageCarlos Ghosn has been charged on three counts of financial misconduct at Nissan Motor.CreditCreditMark Lennihan/Associated PressBy Motoko RichJan. 21, 2019TOKYO — For the second time in a week, a Japanese court has rejected a bail request by Carlos Ghosn, the former global auto chieftain who has spent more than two months in a Tokyo jail.A Japanese judge, after reviewing a request from Mr. Ghosn’s lawyers in which he offered to pay for private security guards and surrender all of his passports, ruled on Tuesday that Mr. Ghosn would have to stay in detention. The court gave no immediate reason for its decision.Mr. Ghosn, 64, has been charged on three counts of financial misconduct at Nissan Motor, th...
Has Beijing done enough to stop slowdown in China growth? – South China Morning Post

Has Beijing done enough to stop slowdown in China growth? – South China Morning Post

Business
. China’s economic growth rate in 2018 slipped to its lowest level in nearly three decades, raising concerns over whether Beijing has done enough to arrest the deepening slowdown, at a time when the external environment is turning hostile and a mountain of debt at home is restricting the scope for additional stimulus. The official growth rate of 6.6 per cent in 2018 – while a decent figure given the size of China’s economy and in line with the government’s target for growth of “about 6.5 per cent” for the year – was the lowest since a rise 3.9 per cent in 1990, a year when China was sanctioned by western countries over its ruthless crackdown on the pro-democracy movement the previous year. The fourth quarter growth rate of 6.4 per cent compared t...
CEOs say the trade war is killing business confidence – CNN

CEOs say the trade war is killing business confidence – CNN

Business
. The share of chief executives who think the global economy will slow over the next year has jumped to nearly 30% from 5% in 2018, according to a survey of 1,300 top business leaders by audit giant PwC. The wave of pessimism extends to company earnings. Just 35% of CEOs said they are "very confident" about their growth prospects over the next 12 months, a sharp decline from 42% last year."CEOs' views of the global economy mirror the major economic outlooks, which are adjusting their forecasts downward in 2019," Bob Moritz, global chairman at PwC, said in a statement. "With the rise of trade tension and protectionism it stands to reason that confidence is waning."The report was published to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland, where chief ex...
One in Ten TSA Employees Called Out Sick Over Holiday Weekend Amid Shutdown – Slate

One in Ten TSA Employees Called Out Sick Over Holiday Weekend Amid Shutdown – Slate

Business
. TSA employees, who are currently working without pay, screen passengers during the partial shutdown of the U.S. government, at Baltimore Washington International Thurgood Marshall Airport, on January 14, 2019 in Baltimore, Maryland. Mark Wilson/Getty Images The Face of the Teenager Who Harassed a Native American Veteran Is All Too Familiar Native American Elder Says He Approached MAGA-Clad Teens to Defuse Argument With Black ...
Asian stocks poised for cautious trading amid concerns about the global economic outlook – CNBC

Asian stocks poised for cautious trading amid concerns about the global economic outlook – CNBC

Business
. Stocks in Asia traded lower on Tuesday morning amid concerns about the global outlook, after the International Monetary Fund (IMF) slashed its world economic forecast on Monday. In Japan, both the Nikkei 225 and Topix index fell 0.18 percent and 0.22 percent respectively. The moves upward came as shares of index heavyweight Fast Retailing, the company behind the Uniqlo chain of apparel stores, slipped about 0.5 percent. South Korea's Kospi was largely flat despite the country's economic growth for the fourth quarter of 2018 coming in above expectations. ...
TSA Worker Absences Surge Amid Government Shutdown – HuffPost

TSA Worker Absences Surge Amid Government Shutdown – HuffPost

Business
. The Transportation Security Administration has witnessed a surge in unscheduled absences during the partial government shutdown, now in its fifth week. The rate of worker absences has steadily climbed in recent days and reached a whopping 10 percent on Sunday, up from 3.1 percent on the corresponding Sunday last year, the agency said Monday in a press release. “Many employees are reporting that they are not able to report to work due to financial limitations,” the TSA said. A spokesman for the agency told HuffPost that data was not immediately available to compare the rate to that of past government shutdowns. But he noted that Sunday’s absence rate was the highest the agency has seen since the current lapse in appropriations began on Dec. 22. TSA workers are among th...
China’s lagging GDP growth is still so high because its economy used to be so appallingly awful – Washington Examiner

China’s lagging GDP growth is still so high because its economy used to be so appallingly awful – Washington Examiner

Business
. It's entirely true that China's economic growth rate has fallen to the lowest levels in 28 years, back to the dreadful stagnation of 1990, when China was only growing at 4 percent or so. That's more than the U.S. is growing even in the middle of the Trump boom. We'd all kill for a gross domestic product growth rate as high as what China calls low. This is not, though, a commentary on how bad our own economic policy is, nor really one on how good China's is today. Rather, it's one on how terrible, appalling, and truly awful China's economy used to be. We can see this in a couple of graphic forms, either China's GDP as we normally measure such things, or after we strip the effect of inflation out. We can even see it by measuring the number of people liv...
TSA sick-outs hit 10 percent as government shutdown drags on – CBS News

TSA sick-outs hit 10 percent as government shutdown drags on – CBS News

Business
. Baltimore — Nearly two million people are expected to travel Monday and the system is starting to show the strain of the prolonged government shutdown. One of security checkpoints at Baltimore-Washington International Thurgood Marshall Airport is closed due to excessive Transportation Security Administration (TSA) call-outs which are increasingly being blamed on the financial impact of the shutdown. More than 50,000 TSA workers will miss a second paycheck Friday if the shutdown continues through midweek. Nationwide, TSA sick calls hit their highest point Sunday at 10 percent. Almost 94 percent of 1.6 million passengers on Saturday were cleared in 15 minutes or less. TSA is acute staffing shortages at major airports in New York City, Atlanta, Chicago and Miami. Snowstorm...
Google Fined $57 Million for Burying Privacy Terms Where Users Won’t Find Them – Gizmodo

Google Fined $57 Million for Burying Privacy Terms Where Users Won’t Find Them – Gizmodo

Business
. Photo: Getty / Justin Sullivan Google has been fined $56.8 million by privacy regulators in France, marking the country’s first use of the tough new privacy rules enacted in Europe last year. Specifically, the company is accused of violating provisions of the General Data Protection Regulation (GDPR) by using, without proper consent, the private data of users to craft personalized ads; and by burying key privacy disclosures pages deep, amid oceans of text.In a statement Monday, France’s privacy watchdog, CNIL, said that Google had been fined for needlessly obscuring information concerning the processing of its users’ data, which Europe’s privacy rules demand be made more easily accessible. Essential information about how user data is processed, stored, and used...