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Business and Economic News

Postal traffic to U.S. sank 80% after Trump administration ended exemption on low-value parcels

Postal traffic to U.S. sank 80% after Trump administration ended exemption on low-value parcels

The U.S. on Aug. 29 eliminated an exemption that had allowed U.S.-bound parcels valued at $800 or less to avoid customs charges. The Universal Postal Union says 88 national postal operators have suspended some or all postal services to the U.S. as a result.
by The Associated Press

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South Korea charters plane to fly home over 300 workers detained by ICE at Georgia Hyundai plant

South Korea charters plane to fly home over 300 workers detained by ICE at Georgia Hyundai plant

On Sunday, South Korean officials said they would send a plane to bring the detained workers home. Earlier, South Korea's Foreign Minister said his nation was "deeply concerned" by the arrests.
by Debbie Elliott

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St. Cloud mayor proposes tax increase to catch up with expenses

St. Cloud mayor proposes tax increase to catch up with expenses

Mayor Jake Anderson said the city hasn't kept up with repairing buildings and replacing equipment and technology, and it needs to save more for emergencies.
by Kirsti Marohn

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Farm incomes continued to weaken during the second quarter

Farm incomes continued to weaken during the second quarter

Upper Midwest farm incomes decreased in the second quarter of the year according to a survey of ag lenders from the Federal Reserve Bank of Minneapolis. 
by Tadeo Ruiz Sandoval

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Mayo Clinic researchers discover the human immune system’s ‘fountain of youth’

Mayo Clinic researchers discover the human immune system’s ‘fountain of youth’

Mayo Clinic researchers have discovered a “fountain of youth” in some older people’s immune systems; essentially the immune system of a teenager living in the body of a 75-year-old. The discovery could eventually help people stave off disease and have a better quality of life as they age.
by Molly Castle Work

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U.S. stocks fall as Wall Street questions whether the U.S. job market has slowed by enough or too much

U.S. stocks fall as Wall Street questions whether the U.S. job market has slowed by enough or too much

U.S. stocks are falling as Wall Street questions whether the U.S. job market has slowed by just enough to convince the Federal Reserve to cut interest rates soon to help the economy, or by so much that a recession may be on the way.
by The Associated Press

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PBS cuts 15% of jobs in wake of federal funding cut

PBS cuts 15% of jobs in wake of federal funding cut

After Congress clawed back public media funding, PBS says it's cutting 15 percent of its staff, or more than 100 jobs.
by David Folkenflik

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