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Monday, May 30, 2016

Clinton Knocks Trump For Cheering Housing Bubble Burst

Democrat Hillary Clinton, seeking to dampen Republican presidential candidate Donald Trump’s growing appeal with working-class voters, on Tuesday accused him of having cheered on the 2008 housing market crash.

Clinton’s campaign released an ad with audio that the presumptive Republican nominee recorded in 2006 for his now-defunct Trump University venture. Trump, a billionaire real estate developer, in remarks on a “bubble burst,” said: “I sort of hope that happens because then people like me would go in and buy” property and “make a lot of money.”

Clinton’s campaign and her surrogates used the recording to argue that she would take better care of the U.S.…

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The Cure For Expensive Cities Is Moving Vans

A funny thing didn’t happen on the way to the digital revolution. It failed to empty out the cities. If knowledge workers could communicate from anywhere, the futurists figured, why would they subject themselves to the traffic and noise of urban life? They could easily move their screens to a mountain chalet, beach house or Mediterranean cafe.

The opposite happened. Instead of spreading out, many members of the “creative class” scrunched themselves into a handful of acres in a few select cities. As a result, housing prices have exploded in London, New York and San Francisco — and are rising fast in Boston, Seattle, Denver and other centers for tech and finance.…

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Uber Deal Shows Divide In Labor’s Drive For Role In ‘Gig Economy’

The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new economy in a way that supports and values workers and their families.”

But not everyone in the U.S. labor movement is cheering.

The deal falls short of actual union representation, and it has revealed sharp divisions among labor advocates about how to address a central reality of the so-called gig economy: The classification of workers as independent contractors rather than employees.

Under the terms of its agreement with Uber Technologies Inc [UBER.UL], the Machinists will form an “Independent Drivers Guild” that will be able to intervene with the company on behalf of wrongly terminated drivers and negotiate for benefits, such as disability insurance and roadside assistance.…

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