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Boston Globe
2 days ago
- Business
- Boston Globe
Woburn-based rare earths refiner Phoenix Tailings eyes IPO within 3 years
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up GOVERNMENT Advertisement Federal judge orders US Labor Department to keep Job Corps running during lawsuit Evan Simpson, who was studying to become a medical assistant at a Job Corps center in Iowa before the Labor Department ordered a shutdown, at home in Chicago on June 16. AKILAH TOWNSEND/NYT A federal judge on Wednesday granted a preliminary injunction to stop the US Department of Labor from shutting down Job Corps, a residential program for low-income youth, until a lawsuit against the move is resolved. The injunction bolsters a temporary restraining order US District Judge Andrew Carter issued earlier this month, when he directed the Labor Department to cease removing Job Corps students from housing, terminating jobs, or otherwise suspending the nationwide program without congressional approval. Founded in 1964, Job Corps aims to help teenagers and young adults who struggled to finish traditional high school and find jobs. The program provides tuition-free housing at residential centers, training, meals and health care. 'Once Congress has passed legislation stating that a program like the Job Corps must exist, and set aside funding for that program, the DOL is not free to do as it pleases; it is required to enforce the law as intended by Congress,' Carter wrote in the ruling. Department of Labor spokesperson Aaron Britt said the department was working closely with the Department of Justice to evaluate the injunction. 'We remain confident that our actions are consistent with the law,' Britt wrote in an email to the Associated Press. — ASSOCIATED PRESS Advertisement CELLPHONES Trump Mobile drops 'Made in USA' smartphone claims from website In this photo illustration, an iPhone displays the website for The Trump Organization's mobile phone service and a Trump-branded smartphone. Joe Raedle/Getty Trump Mobile, the new cellular service venture introduced by the Trump Organization last week, has scrubbed online references that originally promised its first mobile handset, the T1 Phone, would be produced in the United States. As reported by the Verge on Wednesday, the Trump Mobile website quietly removed language stating that the smartphone — due later this year — is 'made in the USA.' Instead, the page now includes less specific wording that says the T1 Phone has been 'designed with American values in mind.' According to the description, the T1 Phone is 'brought to life right here in the USA' and 'with American hands behind every device.' But the website no longer asserts that it will be manufactured domestically. A representative for the Trump Organization didn't immediately respond to a request for comment. In a statement to USA Today, spokesperson Chris Walker rebutted the idea that production plans have changed. 'T1 phones are proudly being made in America,' Walker said, adding that 'speculation to the contrary is simply inaccurate.' — BLOOMBERG NEWS Advertisement ECONOMY Fed's Collins says July is likely too early for interest-rate cut Susan Collins, president and CEO of the Federal Reserve Bank of Boston. Victor J. Blue/Bloomberg Federal Reserve Bank of Boston President Susan Collins said she sees at least one interest-rate cut this year, but indicated July would be too early for such a move. 'We're only going to have really one more month of data before the July meeting,' Collins said Thursday in a phone interview with Bloomberg News. 'I expect to want to see more information than that.' Fed officials kept interest rates steady last week, arguing there's still elevated uncertainty over how the economy will react to a set of policy changes, particularly those around trade. Two Fed governors, Christopher Waller and Michelle Bowman, signaled after that decision they might back lowering rates as early as next month. But most policymakers who spoke this week made clear they aren't seriously considering a move in July. And Collins, who's a voting member of the Federal Open Market Committee in 2025, joined that group. — BLOOMBERG NEWS OIL Shell says it has no intention of making an offer for BP The Shell Oil logo in front of a Shell gas station in Pittsburgh on June 25. Gene J. Puskar/Associated Press Shell Plc said it has no intention of making a takeover offer for BP Plc, refuting an earlier report that two of Europe's biggest companies were in active merger talks. The announcement quells speculation that the UK's two oil majors would end up combining, following several years of poor performance from BP and rising pressure from activist shareholder Elliot Investment Management. Shell's statement means it is bound by the UK Takeover Code, largely preventing it from submitting an offer for BP for six months. 'In response to recent media speculation, Shell wishes to clarify that it has not been actively considering making an offer for BP,' it said in a statement on Thursday. The company 'has not made an approach to, and no talks have taken place with, BP with regards to a possible offer.' — BLOOMBERG NEWS Advertisement MEDIA Trump threatens to sue The Times and CNN over Iran reporting President Donald Trump spoke with reporters before boarding Marine One on the South Lawn of the White House on Tuesday in Washington. Evan Vucci/Associated Press President Trump on Wednesday threatened to sue The New York Times and CNN for publishing articles about a preliminary intelligence report that said the American attack on Iran had set back the country's nuclear program by only a few months. In a letter to the Times, a personal lawyer for the president said the newspaper's article had damaged Trump's reputation and demanded that the news organization 'retract and apologize for' the piece, which the letter described as 'false,' 'defamatory' and 'unpatriotic.' The Times, in a response Thursday, rejected Trump's demands, noting that Trump administration officials had subsequently confirmed the existence of the report, issued by the Defense Intelligence Agency, and its findings. 'No retraction is needed,' the paper's lawyer, David McCraw, wrote in a letter. 'No apology will be forthcoming,' he added. 'We told the truth to the best of our ability. We will continue to do so.' A spokesperson for CNN, which was the first outlet to report elements of the preliminary report, confirmed that the network had responded to a similar legal threat from the president's team. Trump and his allies have sharply criticized the Times and CNN in recent days for publishing articles about the preliminary intelligence report, whose conclusions ran counter to the president's assertion that the American attack had 'obliterated' Iran's nuclear program. — NEW YORK TIMES Advertisement GOVERNMENT Trump administration to review contracts with consulting firms The General Services Administration building in Washington. Jacquelyn Martin/Associated Press The Trump administration is asking consulting firms to justify their federal contracts as part of far-reaching efforts to reduce waste in federal spending, according to a letter obtained by Bloomberg News. The US General Services Administration said in a letter dated Thursday that it is soliciting information from the firms about their contracts to help 'critically evaluate which engagements deliver genuine value and demonstrable returns to the American taxpayer, and therefore merit external support, and which should be internalized to ensure we are responsible stewards of taxpayer dollars and avoid unnecessary spending.' The agency sent the letters to firms such as AlixPartners LLP, McKinsey & Co. Inc., Ernst & Young LLP, Alvarez & Marsal Inc., Boston Consulting Group Inc., and FTI Consulting Inc., according to a person familiar with the review. The GSA said in the letter its 'baseline presumption is that most, if not all, of these contracted services are not core to agency missions.' The agency asked the firms to provide 'a comprehensive overview of your firm's federal engagements, including spending patterns and pricing structures across all active and historical agreements,' in order to conduct its review. The firms were given a July 11 deadline to submit the information. The Wall Street Journal first reported on the letter. — BLOOMBERG NEWS


Mint
2 days ago
- Politics
- Mint
Trump's plan to shut Job Corps - key underprivileged training programme - blocked by federal judge: All you need to know
A US judge on Wednesday blocked President Donald Trump's administration from shutting down Job Corps, a major residential job training program for low-income youth. U.S. District Judge Andrew Carter in Manhattan said the abrupt shuttering of the 60-year-old program by the U.S. Department of Labor without authorization from Congress was likely illegal. The ruling came in a lawsuit by the National Job Corps Association, a trade group for contractors who operate Job Corps sites, and some of its members. Carter issued a preliminary injunction stopping the Labor Department from ending the program pending the outcome of the lawsuit, extending an emergency ruling he issued earlier in June.


The Hill
3 days ago
- Politics
- The Hill
Federal judge orders US Labor Department to keep Job Corps running during lawsuit
NEW YORK (AP) — A federal judge on Wednesday granted a preliminary injunction to stop the U.S. Department of Labor from shutting down Job Corps, a residential program for low-income youth, until a lawsuit against the move is resolved. The injunction bolsters a temporary restraining order U.S. District Judge Andrew Carter issued earlier this month, when he directed the Labor Department to cease removing Job Corps students from housing, terminating jobs or otherwise suspending the nationwide program without congressional approval. Founded in 1964, Job Corps aims to help teenagers and young adults who struggled to finish traditional high school and find jobs. The program provides tuition-free housing at residential centers, training, meals and health care. 'Once Congress has passed legislation stating that a program like the Job Corps must exist, and set aside funding for that program, the DOL is not free to do as it pleases; it is required to enforce the law as intended by Congress,' Carter wrote in the ruling. The Labor Department said in late May that it would pause operations at all contractor-operated Job Corps centers by the end of June. It said the publicly funded program yielded poor results for its participants at a high cost to taxpayers, citing low student graduation rates and growing budget deficits. The judge rejected the department's claims that it did not need to follow a congressionally mandated protocol for closing down Job Corps centers because it wasn't closing the centers, only pausing their activities. 'The way that the DOL is shuttering operations and the context in which the shuttering is taking place make it clear that the DOL is actually attempting to close the centers,' Carter wrote. The harm faced by some of the students served by the privately run Job Corps centers is compelling, the judge said. Carter noted that one of the students named as a plaintiff in the lawsuit lives at a center in New York, where he is based. If the Job Corps program is eliminated, she would lose all the progress she's made toward earning a culinary arts certificate and 'will immediately be plunged into homelessness,' the judge wrote. That's far from the 'minor upheaval' described by government lawyers, he said. As the centers prepared to close, many students were left floundering. Some moved out of the centers and into shelters that house homeless people. 'Many of these young people live in uncertainty, so it takes time to get housing and restore a lot of those supports you need when you've been away from your community for so long,' said Edward DeJesus, CEO of Social Capital Builders, a Maryland-based educational consultancy which provides training on relationship-building at several Job Corps sites. 'So the abrupt closure of these sites is really harmful for the welfare of young adults who are trying to make a change in their lives.' The National Job Corps Association, a nonprofit trade organization comprised of business, labor, volunteer and academic organizations, sued to block the suspension of services, alleging it would displace tens of thousands of vulnerable young people and force mass layoffs. The attorneys general of 20 U.S. states filed an amicus brief supporting the group's motion for a preliminary injunction in the case. Monet Campbell learned about the Job Corps' center in New Haven, Connecticut, while living in a homeless shelter a year ago. The 21-year-old has since earned her certified nursing assistant license and phlebotomy and electrocardiogram certifications through Job Corps, and works at a local nursing home. 'I always got told all my life, 'I can't do this, I can't do that.' But Job Corps really opened my eyes to, 'I can do this,'' said Campbell, who plans to start studying nursing at Central Connecticut State University in August. The program has been life-changing in other ways, she said. Along with shelter and job training, Campbell received food, mental health counseling, medical treatment and clothing to wear to job interviews. 'I hadn't been to the doctor's in a while,' she said. 'I was able to do that, going to checkups for my teeth, dental, all that. So they really just helped me with that.' Campbell said she and other Job Corps participants in New Haven feel like they're in limbo, given the program's possible closure. They recently had to move out for a week when the federal cuts were initially imposed, and Campbell stayed with a friend. ____ Susan Haigh in Hartford, Connecticut and Rebecca Boone in Boise, Idaho contributed to this report.


Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
Federal judge orders Labor Department to keep Job Corps running during lawsuit
NEW YORK (AP) — A federal judge on Wednesday granted a preliminary injunction to stop the U.S. Department of Labor from shutting down Job Corps, a residential program for low-income youth, until a lawsuit against the move is resolved. U.S. District Judge Andrew Carter made his decision after a hearing in Manhattan. It bolsters a temporary restraining order Carter issued earlier this month, when he directed the Department of Labor to cease removing Job Corps students from housing, terminating jobs or otherwise suspending the nationwide program without congressional approval. Founded in 1964, Job Corps aims to help teenagers and young adults who struggled to finish traditional high school and find jobs. The program provides tuition-free housing at residential centers, training, meals and health care. 'Once Congress has passed legislation stating that a program like the Job Corps must exist, and set aside funding for that program, the DOL is not free to do as it pleases; it is required to enforce the law as intended by Congress,' Carter wrote in the ruling. The Labor Department said in late May that it would pause operations at all contractor-operated Job Corps centers by the end of June. It said the publicly funded program yielded poor results for its participants at a high cost to taxpayers, citing low student graduation rates and growing budget deficits. As the centers prepared to close, many students were left floundering. Some moved out of the centers and into shelters that house homeless people. 'Many of these young people live in uncertainty, so it takes time to get housing and restore a lot of those supports you need when you've been away from your community for so long,' said Edward DeJesus, CEO of Social Capital Builders, a Maryland-based educational consultancy which provides training on relationship-building at several Job Corps sites. 'So the abrupt closure of these sites is really harmful for the welfare of young adults who are trying to make a change in their lives.' The National Job Corps Association, a nonprofit trade organization comprised of business, labor, volunteer and academic organizations, sued to block the suspension of services, alleging it would displace tens of thousands of vulnerable young people and force mass layoffs. The attorneys general of 20 U.S. states filed an amicus brief supporting the group's motion for a preliminary injunction in the case. Monet Campbell learned about the Job Corps' center in New Haven, Connecticut, while living in a homeless shelter a year ago. The 21-year-old has since earned her certified nursing assistant license and phlebotomy and electrocardiogram certifications through Job Corps, and works at a local nursing home. 'I always got told all my life, 'I can't do this, I can't do that.' But Job Corps really opened my eyes to, 'I can do this,'' said Campbell, who plans to start studing nursing at Central Connecticut State University in August. Monday Mornings The latest local business news and a lookahead to the coming week. The program has been life-changing in other ways, she said. Along with shelter and job training, Campbell received food, mental health counseling, medical treatment and clothing to wear to job interviews. 'I hadn't been to the doctor's in a while,' she said. 'I was able to do that, going to checkups for my teeth, dental, all that. So they really just helped me with that.' Campbell said she and other Job Corps participants in New Haven feel like they're in limbo, given the program's possible closure. They recently had to move out for a week when the federal cuts were initially imposed, and Campbell stayed with a friend. ____ Susan Haigh in Hartford, Connecticut contributed to this report.


Washington Post
3 days ago
- Politics
- Washington Post
Federal judge orders Labor Department to keep Job Corps running during lawsuit
NEW YORK — A federal judge on Wednesday granted a preliminary injunction to stop the U.S. Department of Labor from shutting down Job Corps , a residential program for low-income youth, until a lawsuit against the move is resolved. U.S. District Judge Andrew Carter made his decision after a hearing in Manhattan. It bolsters a temporary restraining order Carter issued earlier this month, when he directed the Department of Labor to cease removing Job Corps students from housing, terminating jobs or otherwise suspending the nationwide program without congressional approval.