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Airbnb finds union it can work with after failed efforts

Bloomberg Airbnb Inc. cafeteria workers are joining the United Auto Workers, a new twist in the home-rental company’s troubled relationship with organised labour. The United Auto Workers won a union contract covering nearly 150 cafeteria workers at four Airbnb facilities. It’s the latest development in a unionization trend among tech companies’ sub-contracted staff. “Every worker should be treated with dignity ...

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Big M&A deals seen keeping corporate borrowing spree alive

Bloomberg Get ready for what could be another record year for corporate borrowing. The US tax overhaul is freeing up cash for companies and the Federal Reserve is hiking rates, but chief financial officers are still eager to borrow, UBS strategists wrote. The Swiss bank and Wells Fargo both expect businesses to sell as much US investment-grade and junk bond ...

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Infrastructure spending won’t transform America

“MASON CITY. To get there you follow Highway 58, going northeast out of the city, and it is a good highway and new.“ —Robert Penn Warren, “All the King’s Men” (1946) Appropriately, Warren began the best book about American populism, his novel based on Huey Long’s Louisiana career, with a rolling sentence about a road. Time was, infrastructure — roads, ...

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