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Barrynoigh
27 Jul 2025 - 04:39 pm
Job losses
But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.
“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.
Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.
When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.
Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.
One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.
That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.
He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.
In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.
Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.
However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”
But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.
As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.
Victorhenty
27 Jul 2025 - 02:56 pm
Rescuers are hailing as a “four-legged hero” a furry Chihuahua whose pacing atop an Alpine rock helped a helicopter crew find its owner, who had fallen into a crevasse on a Swiss glacier nearby.
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The man, who was not identified, was exploring the Fee Glacier in southern Switzerland on Friday when he broke through a snow bridge and fell nearly 8 meters (about 26 feet), according to Air Zermatt, a rescue, training and transport company.
Equipped with a walkie-talkie, the man connected with a person nearby who relayed the accident to emergency services. But the exact location was unknown. After about a half-hour search, the pacing pooch caught the eye of a rescue team member.
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As the crew zeroed on the Chihuahua, the hole the man fell into became more visible. Rescuers rappelled down, rescued the man and flew him and his canine companion to a hospital.
“Imagine if the dog wasn’t there,” Air Zermatt spokesman Bruno Kalbermatten said by phone. “I have no idea what would happen to this guy. I think he wouldn’t survive this fall into the crevasse.”
On its website, the company was effusive: “The dog is a four-legged hero who may have saved his master’s life in a life-threatening situation.”
Samuelamowl
27 Jul 2025 - 02:50 pm
More than 200 firefighters are struggling to tackle an out-of-control wildfire on Crete — Greece’s largest island and a tourist hotspot — as authorities order mass evacuations.
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The fire broke out Wednesday afternoon near Ierapetra, a town on the island’s southeast coast, amid unusually high temperatures, 3 to 5 degrees Celsius (5.4 to 9 Fahrenheit) above average, and gale-force winds of around 50 miles an hour.
The conditions are creating “new outbreaks, making firefighting work very difficult,” the Fire Department’s press spokesperson, Chief Vasilios Vathrakoyannis, said in a statement Thursday.
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More than 230 firefighters, along with 46 vehicles and 10 helicopters have been deployed to fight the blaze, according to fire officials.
The flames have spread rapidly, reaching homes as well as hotels and other tourist accommodations.
Authorities asked residents of four settlements to evacuate and move toward Ierapetra. About 1,500 people have been evacuated so far, according to the Greek public broadcaster ERT.
The Ierapetra municipality has converted an indoor training center facility into a makeshift camp, where hundreds of tourists and residents who abandoned their homes spent the night Wednesday.
The police, medical services and the coast guard have all been called to the area.
“We are entering the third and most difficult month of the fire season,” Vathrakoyannis said. July is typically the hottest month in Greece and is often accompanied by strong winds. “These conditions favor the spread of fires and increase their danger,” he said.
Wildfires have ripped through other European countries this week as the continent endures a brutal heat wave.
Tens of thousands were evacuated in Turkey as blazes ripped through the western Izmir and Manisa provinces and southern Hatay province, damaging nearly 200 homes.
Blazes also broke out in France and in Spain, where two people died.
Europe experiences wildfires every year, but they are becoming more intense and frequent due to human-caused climate change, which fuels heat and drought, both helping set the stage for fierce, destructive fires.
Douglasariny
27 Jul 2025 - 12:54 pm
‘Hire back park staff’: Visitors feel the pinch of Trump’s layoffs at National Park Service
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The visitors who trek to America’s national parks are already noticing the changes, just months after President Donald Trump took office.
“I’ve been visiting national parks for 30 years and never has the presence of rangers been so absent,” one visitor to Zion National Park wrote in National Park Service public feedback obtained by CNN.
The visitor said they saw just one trail crew at the iconic Utah park. There were no educational programs offered at any of the five parks they visited on their trip.
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“Hire back park staff. We need them,” the visitor wrote.
At Yosemite, another visitor said there were no rangers at the Hetch Hetchy reservoir entrance station, preventing visitors from picking up wilderness permits.
“More staff would be a BIG and IMPORTANT improvement,” that visitor wrote.
America’s most treasured national parks are getting crunched by Trump’s government-shrinking layoffs just as the summer travel season gets into full swing.
Top officials vowed to hire thousands of seasonal employees to pick up the slack after the Trump administration fired around 1,000 NPS employees as part of wide-ranging federal firings known as the “Valentine’s Day Massacre.” Department of Interior officials said in a February memo they would aim to hire 7,700 seasonal workers at NPS, and post listings for 9,000 jobs.
But those numbers haven’t materialized ahead July 4th — the parks’ busiest time of the year. Internal National Park Service data provided to CNN by the National Parks Conservation Association shows that about 4,500 seasonal and temporary staff have been hired.
Howardveiff
27 Jul 2025 - 09:47 am
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Coreydrink
27 Jul 2025 - 08:46 am
Indian and Chinese travelers hail end of visa freeze between world’s two most populous nations as diplomatic tensions thaw
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They are the two most populous countries in the world and neighbors clamoring for more tourists, but for much of the last five years it has been difficult for Indian and Chinese nationals to vacation in each other’s nations.
Now that looks set to finally change as previous fractious relations between the two Asian giants finally begin to thaw.
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India will issue tourist visas for Chinese citizens for the first time in five years, allowing nationals from its neighboring country to freely visit each other, marking a significant reset in relations after a deadly border clash sent ties into a deep freeze.
From Thursday, July 24, Chinese citizens can apply for tourist visas to India, the Indian embassy in Beijing said Wednesday.
This “positive news” is in the “common interests of all parties,” China’s foreign spokesperson Guo Jiakun said. “China is willing to maintain communication and consultation with India to continuously improve the level of facilitation of personnel exchanges between the two countries.”
There has been a gradual normalization of ties between India and China in recent months after relations were deeply strained in June 2020, when a brutal hand-to-hand battle in the Galwan Valley left at least 20 Indian and four Chinese soldiers dead.
Both nations maintain a heavy military presence along their 2,100-mile (3,379-kilometer) de facto border, known as the Line of Actual Control (LAC) – a boundary that remains undefined and has been a persistent source of friction since their bloody 1962 war.
The 2020 clash in the disputed region between Indian Ladakh and Chinese-controlled Aksai Chin marked the first deadly confrontation along India and China’s disputed border in more than 40 years.
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27 Jul 2025 - 06:08 am
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Floydpah
27 Jul 2025 - 05:24 am
Job losses
But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
Кракен тор
An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.
“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.
Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.
When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.
Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.
One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.
That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.
He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.
In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.
Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.
However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”
But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.
As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.
Georgeter
27 Jul 2025 - 05:01 am
Rescuers are hailing as a “four-legged hero” a furry Chihuahua whose pacing atop an Alpine rock helped a helicopter crew find its owner, who had fallen into a crevasse on a Swiss glacier nearby.
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The man, who was not identified, was exploring the Fee Glacier in southern Switzerland on Friday when he broke through a snow bridge and fell nearly 8 meters (about 26 feet), according to Air Zermatt, a rescue, training and transport company.
Equipped with a walkie-talkie, the man connected with a person nearby who relayed the accident to emergency services. But the exact location was unknown. After about a half-hour search, the pacing pooch caught the eye of a rescue team member.
https://tripscan.biz
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As the crew zeroed on the Chihuahua, the hole the man fell into became more visible. Rescuers rappelled down, rescued the man and flew him and his canine companion to a hospital.
“Imagine if the dog wasn’t there,” Air Zermatt spokesman Bruno Kalbermatten said by phone. “I have no idea what would happen to this guy. I think he wouldn’t survive this fall into the crevasse.”
On its website, the company was effusive: “The dog is a four-legged hero who may have saved his master’s life in a life-threatening situation.”
Williamdoumn
27 Jul 2025 - 04:51 am
What happens when an octopus engages with art?
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When the Japanese artist Shimabuku was 31 years old, he took an octopus on a tour of Tokyo. After catching it from the sea with the help of a local fisherman in Akashi, a coastal city over 3 hours away from the Japanese capital by train, he transported the live creature in a temperature-controlled tank of seawater to show it the sights of Tokyo before returning it safely to its home the same day.
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“I thought it would be nice,” the artist, now 56, said about the experience, over a video call from his home in Naha, Japan. “I started to travel when I was 20 years old. But octopuses, maybe they don’t travel so much — and when they do, they are just going to be eaten. I wanted to take an octopus on a trip, but not to be eaten.”
Documenting it on video, Shimabuku took the octopus to see the Tokyo Tower, before visiting the Tsukiji fish market, where the animal “reacted very strongly” to seeing other octopuses on sale, the artist said. “Octopuses are smart — maybe he told his experience to his octopus friends in the sea (after returning).”
The interspecies day trip, resulting in the 2000 video work “Then, I Decided to Give a Tour of Tokyo to the Octopus from Akashi,” kickstarted a series of projects Shimabuku has undertaken over the decades that engage with octopuses in playful, inquisitive ways. A portion of this work is currently on show in the UK, in two exhibitions that explore humanity’s relationship with nature and animal life: “More than Human” at the Design Museum in London (through October 5) and “Sea Inside” at the Sainsbury Centre in Norwich (through October 26).
Fascinated by what the sea creatures might think, feel, or like, Shimabuku has documented their reactions to various experiences, from the city tour of Tokyo to being given specially crafted artworks. “They have a curiosity,” he said. “For some other animals, it’s only about eating and making love. But I think octopuses have time to wander — time for hobbies.”
When he lived in the Japanese city of Kobe, Shimabuku would go on fishing trips with local fisherman, taking the opportunity to learn about octopuses. “Traditionally we catch octopuses in empty ceramic pots — that’s my hometown custom,” he said. Fishermen would throw hundreds of pots into the sea, wait two days, then retrieve them — finding octopuses inside. “Octopuses like narrow spaces so they just come into it,” explained Shimabuku.
When he saw the animals within the pots, he discovered they were “carrying things”: shells, stones, even bits of broken beer bottles. He began to save the small objects the octopuses had gathered — “a collection of a collection,” he said.