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US companies hiring at rapid pace … overseas

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US firms created 1.4 million jobs abroad in 2010, compared to less than 1 million at home

Corporate profits are up. Stock prices are up. So why isn’t anyone hiring?

Actually, many American companies are — just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat.

More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically.

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The trend helps explain why unemployment remains high in the United States, edging up to 9.8 percent last month, even though companies are performing well: All but 4 percent of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown.

But the jobs are going elsewhere. The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute’s senior international economist.

FULL AP STORY FOLLOWS BELOW

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‘Time to go to court’: Former prosecutors explain how Democrats can still uncover whistleblower scandal

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The White House is doing whatever it takes to obstruct any investigation into a recent whistleblower complaint, but two former prosecutors have ideas for what Congress should do next.

This week it was revealed that President Donald Trump said something so concerning to a foreign leader that a senior intelligence officer filed a complaint. The officer then filed for whistleblower protections. A series of actions are outlined in the law for the next steps, but Trump and his appointed officials in the White House have worked to stymie the process the law requires.

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Hate for Trump sets new record of Americans who can’t stand a president

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A new poll shows a record number of Americans can't stand the president of the United States.

According to the most recent NBC News/Wall Street Journal public opinion poll, an astounding 69 percent of Americans don't like Trump personally.

During the early 2000s, President George W. Bush enjoyed the benefit of Americans finding him likable and wanting to "have a beer" with the sober leader. That measure of "likability" has been a kind of inspiration for political leaders searching for voters based not on issues but on personality.

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‘Clearly impeachable and serious offense’: Ex-organized crime prosecutor says of Trump’s Ukraine scandal

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Former Watergate prosecutor Jill Wine-Banks recalled during an MSNBC panel discussion that she was once the prosecutor for organized crime. It was something that reminded her of this recent move by President Donald Trump and his administration.

This week, it was revealed that Trump said something to a foreign leader that was so concerning to a senior intelligence officer that a complaint was filed and the officer sought whistleblower protections. The White House is now working to obstruct any investigation about the complaint.

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