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‘Revenge of the Rust belt’: Starbucks film-maker on Baristas vs Billionaires

Director Mark Mori followed coffee chain workers’ struggle to unionize: ‘These young kids are so inspirational’As the food service industry was pushed on to the frontlines of the Covid-19 pandemic in 2021, workers at Starbucks stores in the Buffalo region of New York went public to announce their union-organizing campaign.Their efforts, and Starbucks’ responses, have culminated in one of the most expansive union-organizing campaigns – and one of the most aggressive union-busting campaigns – in modern US history. Continue reading...

The Guardian 8 hours ago

As US-Canada tensions flare, who’s calling the shots in Trump’s trade team?

US trade representative Jamieson Greer has a level-headed reputation but commerce secretary Howard Lutnick and White House adviser Peter Navarro also have key rolesHaving reportedly read Victor Hugo’s Les Misérables, in French, during a military tour of duty in Iraq, Jamieson Greer considered himself an unlikely target for accusations of francophobia.But Donald Trump’s US trade representative, hitherto one of the president’s less high-profile cabinet members, found himself in that uncomfortable position amid the acrimonious collapse of bilateral trade talks with Canada that now threatens to degenerate into an all-out trade war between the two close trading partners whose economies are tightly intertwined. Continue reading...

The Guardian 9 hours ago

Trump’s plan to sell off a part of Yosemite is what oligarchy looks like | Rebecca Solnit

Public lands belong to all of us. No one should plunder those lands for profitDo people still say a car was “sold for parts”? Because the US is being sold for parts or just handed over to the oligarchy. It’s a fire sale, a bankruptcy auction, it’s a planned dismantling of everything from its military to its institutions of higher education to its scientific research to its public lands.And while the threat to sell off part of Yosemite national park is about a quarter-mile parcel on the park’s edge, Yosemite is a crown jewel in the national park system and, arguably, the world’s first national park.Rebecca Solnit is a Guardian US columnist. She is the author of Orwell’s Roses and co-editor with Thelma Young Lutunatabua of the climate anthology Not Too Late: Changing the Climate Story from Despair to Possibility Continue reading...

The Guardian 9 hours ago

AI could cause global economic downturn, Bank of England governor tells G20

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising systemThe Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”. Continue reading...

The Guardian 10 hours ago

OnlyFans and AI training: why gen Z doesn’t care where our money comes from | Alice Lassman

With traditional goals such as stability and home ownership feeling out of reach, young people are focused on the presentBy now, we all know the shape of financial nihilism: the throw-your-money-at-anything reaction to the dissolution of the slow, linear path to wealth; the prediction markets, meme stocks, cryptocurrencies and microluxuries growing in its place. We’re left in an economic no man’s land. But financial nihilism only describes where we put our money. What about how we earn it in the first place?The modern economy has long relied on our need for stable employment – to pay the mortgage, to keep our kids fed, or, for some, to chase prestige and power – to generate the work ethic that keeps the wheel of production turning. None of this is going well for young people. Our jobs are insecure, we can’t afford houses, we’re deferring having kids (if we have them at all), and only 6% of us say a leadership position is our primary career goal. Hope is one of the economy’s most productive inputs, powering our willingness to endure long hours. When the production function of income – the mechanism that turns hard work into a stable salary, then a mortgage, then a pension – breaks down, so does our relationship with the input. I call this production nihilism: my generation’s growing indifference to the kinds of work we’re willing to participate in, and where we’re willing to earn. Continue reading...

The Guardian 10 hours ago

British Museum hosted Palantir founder Peter Thiel in private viewing of Bayeux tapestry

Concern among staff that fragile artwork’s scarce ‘light hours’ given to someone with no known interest in museumThe British Museum privately hosted the Donald Trump-supporting tech billionaire Peter Thiel in the exhibition space of the Bayeux tapestry earlier this month, the Guardian understands.The museum’s director of development, Charlotte Appleyard, hosted the PayPal founder at a VIP viewing of the tapestry, which is yet to open to the public, on 18 August. Continue reading...

The Guardian 10 hours ago

‘Breakthrough’ as Turkmenistan starts fixing ‘mindboggling’ methane mega-leaks

Secretive state begins repairs on ageing facilities after being revealed as worst country for leaks of potent greenhouse gasTurkmenistan has started plugging the mega-leaks of methane that spew from its ageing oil and gas facilities, the latest UN data shows, in a move hailed as a breakthrough.Methane, also called natural or fossil gas, is a potent greenhouse gas. It traps 80 times more heat than carbon dioxide and causes 25% of global heating today. Stopping leaks can be quick and cheap and, because methane breaks down in the atmosphere far quicker than CO2, this has a rapid impact, with some experts calling it the climate “emergency brake”. Continue reading...

The Guardian 12 hours ago

First-time buyer Isa v lifetime Isa – which one should you choose?

Despite plans to scrap the lifetime Isa, experts still advise you open one now and not wait for the new first-time buyer account to launchIf you want to start saving towards your first home, don’t wait until a new Isa just for first-time buyers goes on sale. That is the advice from experts after more details emerged about a savings account the government plans to launch to help people get a foot on the property ladder.The first-time buyer Isa is likely to replace the existing lifetime Isa in two years and is supposed to be simpler than the older account. However, it looks as if the financial benefits won’t be as attractive as those offered by the current product, so there’s no advantage in hanging around. Continue reading...

The Guardian 13 hours ago

UK households will take £2,400 financial hit from Iran war, analysis shows

Centre for Economics and Business Research calculates effect of inflation and wage stagnation to end of 2027UK households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027, new analysis shows.The Centre for Economics and Business Research (CEBR) has calculated that the jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income of the average UK household in 2026, and by a further £1,300 in 2027. Continue reading...

The Guardian 15 hours ago

Discount gas stations praised by Trump sold $4m of stolen fuel, lawsuit claims

KRSM, company that supplied fuel to Freedom Fuel Network, stole millions worth of gas, Mansfield Oil allegesThe company that supplied fuel to the discount gas stations praised by Donald Trump is being sued for allegedly stealing nearly $4m worth of gas.Mansfield Oil Company of Gainesville sued KRSM and its president, Syed Kazmi, for allegedly picking up about 1.1m gallons of fuel from 21 May to 7 July, worth more than $3,998,000, and not paying for it. Continue reading...

The Guardian 20 hours ago

The Guardian view on rare earths: it’s common sense to secure essential supply chains | Editorial

Outsourcing the industry to China cannot continue, but Europe knows it can no longer count on the US for a solutionThe alarm sounded 16 years ago. In 2010, China blocked exports of key rare earths to Japan in a row over disputed islands in the East China Sea. The critical minerals are essential to everything from advanced weaponry and iPhones to electric vehicle batteries and wind turbines, so the rest of the world took note. But it didn’t take much action. China still accounts for about 70% of rare-earth mining globally and 90% of separation and processing.Then, last year, Beijing forced Donald Trump to back away from his trade war – not with its retaliatory tariffs, but the curbing of rare-earth exports. A scramble for new supplies began in earnest. The year-long trade truce is due to expire in November. The price of erbium, an element essential to communications infrastructure, has already jumped because of fears that export controls will soon be renewed. Continue reading...

The Guardian 1 day ago

Why solar bonds are a bright idea | Letter

A financial model that could cut the cost of installing solar panels for many homeowners is welcomed by Alexis AbramsonThe UK proposal to use “solar bonds” to make rooftop solar more affordable is a smart solution to a fundamental problem: the rising cost of capital (Cut cost of loans for solar panels on UK homes, ministers urged, 21 August).A household that can pay for solar upfront saves money from day one. For everyone else, high-interest financing can consume much of those savings and ultimately deter people from installing the technology. A solar bond structure changes that equation: investors receive a modest, guaranteed return, and homeowners get access to cheaper capital. Because the loan is attached to the property rather than the individual, there’s no issue if the person moves. Continue reading...

The Guardian 1 day ago

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