A.I. will replace half of all jobs in the next decade, says widely followed technologist

Robots are likely to replace 50 percent of all jobs in the next decade, according to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a top voice on tech in China. Artificial intelligence (AI) is the wave of the future, the influential technologist told CNBC, calling it the “singular thing that will be larger than all of human […]

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Trump warns of ‘retribution’ if companies move jobs out of U.S.

President-elect Donald Trump on Sunday issued a dramatic warning to companies that they would face “retribution” in the form of tariffs if they move American jobs overseas, setting up a collision with corporate America and the free-market wing of the Republican Party. In a string of early-morning tweets, Trump said he intends to keep jobs in the United States by […]

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Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million

At least for a moment, ­President-elect Donald Trump appeared to achieve this week what President Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy. Cheering crowds greeted Trump during his victory lap through the Rust Belt this week following the announcement that the nation’s new negotiator-in-chief had struck a deal […]

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Trump tapping Washington, Wall Street veterans for top jobs

President-elect Donald Trump is tapping a trio of nominees with deep ties to Washington and Wall Street to fill out his Cabinet, including former Goldman Sachs executive Steven Mnuchin as treasury secretary. On Tuesday, Trump also chose Georgia Rep. Tom Price to oversee the nation’s health care system, picking a fierce “Obamacare” critic who has championed efforts to privatize Medicare. […]

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Clinton Backs Repealing Tax Cuts for Moving U.S. Jobs Overseas

Democratic presidential candidate Hillary Clinton will propose rescinding tax relief and other incentives retroactively for U.S. companies that move jobs and operations overseas, her campaign said. Clinton will unveil the proposal, aimed at encouraging firms to invest at home, in a speech on Friday at Detroit Manufacturing Systems, an automotive supplier. It would apply to incentives including the R&E tax […]

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Debate plays out along familiar lines The Obama Administration hasn’t released the details of its proposed changes to overtime pay, but the public reaction is playing out along familiar lines: Union leaders are full of praise, while corporate groups are raising red flags. Under the current law, salaries workers making more than $23,660 are not eligible for overtime. Under the […]

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At White House, Jindal Will Lead GOP Governors’ Call For Action On Jobs

Republican Governors Association Vice Chair Bobby Jindal will take the lead when GOP governors visit the White House Monday morning for a business meeting with President Barack Obama. New Jersey Gov. Chris Christie, the embattled chairman of the organization, left this weekend’s meeting of the National Governors Association early on Sunday morning to return home for his daughter Sarah’s 18th […]

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