Writers’ union reaches tentative deal with Hollywood studios to end historic strike
LOS ANGELES (AP) — The union representing screenwriters has reached a tentative agreement with Hollywood studios to end a historic strike after nearly five months. The deal is raising hopes that a crippling shutdown of movie and television filming could be near an end. Actors remain on strike, but the deal with writers could help them find a resolution soon as well. The Writers Guild of America announced the deal Sunday in a joint statement with the Alliance of Motion Picture and Television Producers. The agreement must be approved by the guild’s board and members. That could happen this week.
Why the US job market has defied rising interest rates and expectations of high unemployment
WASHINGTON (AP) — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Grim forecasts from economists had predicted that as the Federal Reserve jacked up its benchmark rate ever higher, consumers and businesses would curb spending, companies would slash jobs and unemployment would spike as high as 7%. Yet so far, to widespread relief, the reality has been anything but: Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged.
After summer’s extreme weather, more Americans see climate change as a culprit, AP-NORC poll shows
More Americans believe they’ve personally felt the impact of climate change because of recent extreme weather, including a summer that brought dangerous heat for much of the United States. That’s according to new polling from The Associated Press-NORC Center for…
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