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GE to hire 5,000 U.S. veterans, investing in plants

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WASHINGTON (Reuters) – General Electric Co plans to hire 5,000 U.S. military veterans over the next five years and to invest $580 million to expand its aviation footprint in the United States this year.

The largest U.S. conglomerate unveiled the moves ahead of a four-day meeting it is convening in Washington starting on Monday to focus on boosting the U.S. economy, which has been slow to recover from a brutal 2007-2009 recession.

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“We should have the confidence to act and to restore American competitiveness,” Chief Executive Jeff Immelt, a top adviser on jobs and the economy to President Barack Obama, said in a statement.

The U.S. unemployment rate — seen as the main barrier to a move vibrant recovery — fell to a near three-year low of 8.3 percent in January, helped in part by the manufacturing sector adding about 50,000 workers. Even with that improvement, 23.8 million Americans remain out of work or underemployed, which is keeping the economy a key issue heading into November’s presidential elections.

The world’s largest maker of jet engines plans this year to open three new U.S. aviation plants, in Ellisville, Mississippi; Auburn, Alabama, and Dayton, Ohio. After cutting headcount significantly during the recession — as did its major peers including United Technologies Corp and Caterpillar Inc — GE has added about 9,000 U.S. workers since 2009, and has already announced plans to hire another 4,500 people.

The Fairfield, Connecticut-based company, whose operations range from making loans to mid-sized businesses to manufacturing railroad locomotives, plans to discuss these moves at the Washington meeting. Boeing Co CEO James McNerney and Dow Chemical Co CEO Andrew Liveris are also scheduled to speak.

(Reporting By Scott Malone; Editing by Muralikumar Anantharaman)

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Ted Cruz snaps at NBC’s Chuck Todd for ‘dragging up all that garbage’ Trump threw at him in 2016 campaign

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A "Meet the Press" interview with Sen. Ted Cruz (R-TX) went sideways on Sunday when host Chuck Todd reminded the Trump defender of all the smears the president launched against him when they were both vying for the 2016 GOP presidential nomination.

With Cruz attempting to defend Donald Trump's honor with regard to his Ukraine scandal, the incredulous Todd brought up Trump attacking Cruz's wife, accusing him of an extramarital affair and saying he may not have been born in the U.S. during the 2016 campaign.

“I appreciate you dragging up all that garbage, that’s very kind of you,” Cruz shot back.

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2020 Election

Mike Bloomberg doesn’t understand he is part of the problem

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The entry of Michael Bloomberg, one the world’s wealthiest men, into the Democratic Presidential primary contest arrives at a moment when Earth is facing growing levels of obscene wealth concentration and income disparity.

This article first appeared in Salon

“Last year 26 people owned the same [amount of wealth] as the 3.8 billion people who make up the poorest half of humanity,” reported Oxfam International in 2018. According to the anti-poverty charity, in the decade since Wall Street’s pillaging of Main Street that induced the Great Recession, “the fortunes of the richest have risen dramatically” with the number of billionaires doubling.The former New York City mayor touts the amassing of his $55.4 billion fortune, starting from a $10-million-dollar buyout he got when he was fired from Salomon Brothers, as one of his top qualifications for the nation’s highest office.

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GOPer Collins battered for demand to postpone Trump impeachment so he can get caught up: ‘Collins doesn’t do his homework’

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On Saturday, Rep. Doug Collins (R-GA), the senior Republican on the House Judiciary Committee made a demand to the Democrats that they postpone Monday's hearing on the impeachment of Donald Trump, saying he needed more time to digest a fifty-plus page report that Democrats released over the weekend.

After tweeting out his demand -- as well as issuing a statement -- the voluble Trump defenders was hammered on his own Twitter feed with commenters telling him do his job and read the report in the meantime.

After Collins tweeted, "Chairman Nadler has no choice but to postpone Monday’s hearing in the wake of a last-minute document transmission that shows just how far Democrats have gone to pervert basic fairness," he got buried in derision.

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