Progressive US senator Bernie Sanders joined the drive on Friday to unionise Amazon workers in Alabama, as clashes intensified between politicians and the e-commerce company before a deadline for a vote that could lead to Amazon's first union in the US.
Mr Sanders, senator for Vermont, was joined by actor Danny Glover and rapper "Killer Mike" Render for the visit.
This marks the latest high-profile appearances during efforts among 5,800 employees at Amazon's warehouse in Bessemer to form a union, which culminates next week.
"If Amazon workers in Alabama can prevail in forming a union, it can be done all over this country," Mr Sanders, a former presidential candidate said.
The months-long drive led by the Retail, Wholesale and Department Store Union has sparked national attention and intense debate over workplace conditions at Amazon, which has more than 800,000 US employees.
Amazon has argued that most of its workers don't want or need a union and that it already provides more than most other employers, with a minimum $15 hourly wage and other benefits.
Dave Clark, head of Amazon's consumer business, said the company delivers on the goals of Mr Sanders.
"I often say we are the Bernie Sanders of employers, but that's not quite right because we actually deliver a progressive workplace," Mr Clark tweeted.
But unions and political leaders have argued that Amazon employees face constant pressure and monitoring, with little job protection, highlighting the need for collective bargaining.
Union president Stuart Appelbaum said the struggle is "about the unregulated technologies Amazon uses to monitor every movement of its workers, including the amount of time they spend in the restroom … and, most importantly, about the lack of dignity, respect and just treatment too many Americans experience at work."
Mr Sanders and others say the Amazon battle highlights growing economic inequality at a time when billionaires, such as Amazon founder Jeff Bezos, have seen their wealth increase during the pandemic.
"All I want to know is why the richest man in the world, Jeff Bezos, is spending millions trying to prevent workers from organising a union so they can negotiate for better wages, benefits and working conditions," Mr Sanders tweeted before his visit.
Tensions have escalated as Amazon has fired back against criticism from lawmakers and others.
"If you want to hear about $15 an hour and health care, Senator Sanders will be speaking downtown," Mr Clark tweeted, while pointing out that in Mr Sanders's state of Vermont, the minimum hourly wage is $11.75.
"But if you would like to make at least $15 an hour and have good health care, Amazon is hiring."
Mark Pocan, a representative from Wisconsin, responded to Amazon by saying that, "Paying workers $15 per hour doesn't make you a 'progressive workplace' when you union-bust and make workers urinate in water bottles."
Amazon fired back: "You don't really believe the peeing in bottles thing, do you? If that were true, nobody would work for us."
The tech company meanwhile escalated a feud with Elizabeth Warren, another senator, who accused Amazon of avoiding taxes.
"You make the tax laws @SenWarren; we just follow them," Amazon said on Twitter. "Amazon has paid billions of dollars in corporate taxes over the past few years alone."
Ms Warren hit back with a barbed tweet at the company.
"I didn't write the loopholes you exploit, @amazon – your armies of lawyers and lobbyists did," she wrote.
"But you bet I'll fight to make you pay your fair share. And fight your union-busting. And fight to break up Big Tech so you're not powerful enough to heckle senators with snotty tweets."
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How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
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List of alleged parties
May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members
May 20 2020: PM and Carrie attend 'bring your own booze'
party
Nov 27 2020: PM gives speech at leaving do for his staff
Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson
Dec 13 2020: PM and Carrie throw a flat party
Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters
Dec 15 2020: PM takes part in a staff quiz
Dec 18 2020: Downing Street Christmas party
SUCCESSION%20SEASON%204%20EPISODE%201
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Gothia Cup 2025
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