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Workers At Tesla's Gigafactory Stage Mass Walk Out Protesting Out Of State Employees

Workers At Tesla's Gigafactory Stage Mass Walk Out Protesting Out Of State Employees

All is not well in the non-GAAP paradise known as Tesla's Gigafactory, where labor tensions are suddenly running high.

According to Bloomberg, at least 100 workers at the construction site for Tesla's massive (and taxpayer subsidized) battery factory near Reno, Nevada, walked off the job Monday to protest use of workers from other states, a union official said.

It used to be that workers were upset when foreigners were brought in; now it's workers from out of state.

If Initial Jobless Claims Are So Awesome, Explain This

If Initial Jobless Claims Are So Awesome, Explain This

With the Services economy now joining the manufacturing sector in recession - with both employment components collapsing - one may be surprised to see initial jobless claims hovering back near 42-year lows...

Notice what happend in Q1 2015...

 

But then again - if you spend long enough seasonally-adjusting the data, anything is possible. Of course, for the cheerleaders over the 'solid' jobs data, this is another confirmation that everything is awesome and it's time to hike rates again.

20 Quarantined, 3 Unwell After US Customs Receives Suspicious Envelope

At least 20 people have been quarantined after an employee opened envelope with a suspicious powdery substance at the Customs and Border Protection office in Alameda, California. An employee reported feeling ill immediately after opening the envelope on Wednesday afternoon. Two others also had a bad reaction, and were treated at the scene. One person was reportedly taken to the hospital. According to KTVU : Emergency crews quarantined approximately 20 employees who were in the vicinity when the envelope was opened. That quarantine was lifted around 3:30 pm.

Panic Below The Surface: "Banks Are Selling Energy Loans At Cents On The Dollar To Ensure Their Own Survival"

One week ago, when we commented on the latest weekly update from Credit Suisse's very well hooked-in energy analyst James Wicklund, one particular phrase stuck out when looking at the upcoming contraction of Oil and Gas liquidity: "while your borrowing base might be upheld, there will be minimum liquidity requirements before capital can be accessed. It is hitting the OFS sector as well. As one banker put it, "we are looking to save ourselves now."

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