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Europe Heads for Jobs Crunch That May Be Deeper Than the U.S.'s


Europe Heads for Jobs Crunch That May Be Deeper Than the U.S.’s
Bloomberg
4 hrs ago
(Bloomberg)
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The labor shortage that is hitting the U.S. as the nation rebounds from the pandemic is also coming to Europe, where it could prove even more difficult to fix.
Like the U.S., where April’s payroll growth fell far short of expectations, Europe will struggle to match workers with jobs. That’s despite unemployment at more than 7% in the European Union and more than twice as high in Greece and Spain which isn’t predicted to return to pre-crisis levels before 2023. ....

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Biden Wants Corporate Tax Hike, Help for Families Making $110K, Aide Says


Biden Wants Corporate Tax Hike, Help for Families Making $110K, Aide Says
Bloomberg
4 days ago
Jenny Leonard and Jonathan Ferro
(Bloomberg) President Joe Biden’s tax plan will feature higher levies on corporations and wealthy Americans, with relief eyed for middle-class households, including those in the $110,000-a-year income range, a White House economic aide said Tuesday.
“The key here is that the president believes strongly that the biggest corporations and those folks who have done extremely well over the last several decades should pay a bit more,” Bharat Ramamurti, deputy director of the National Economic Council, said Tuesday in an interview with Bloomberg Television. ....

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