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Strike against GM nears three weeks

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The main remaining issues in the negotiations between the United Auto Workers union and General Motors Co have narrowed to wages and pensions. Meanwhile the strike continues, nearing three weeks. The GM strike began on Sept. 16 with the 48,000 UAW members seeking higher pay, greater job security, a bigger share of the leading U.S. automaker’s profit and protection of healthcare benefits. The sides have been meeting daily and talks continued on Saturday. One of the major remaining issues includes the UAW’s desire to reduce the time it takes newer hires to earn the top wage scale of about $31 … Continue reading Strike against GM nears three weeks

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Tim Draper: “Bitcoin will grow more than 25-fold by 2022”

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Bitcoin to hit $250,000 by 2022? Investor Tim Draper thinks that is a conservative prediction. “$250,000 means that bitcoin would then have about a 5% market share of the currency world and I think that may be understating the power of bitcoin.” The venture capitalist said he may have underestimated bitcoin when he previously predicted it will reach $250,000 – a figure he first forecast when bitcoin was worth around $5,000 in 2018. A remarkable resurgence in 2019 means bitcoin is currently trading at just above $10,000, though it remains a long way off its record high from December 2017 of nearly … Continue reading Tim Draper: “Bitcoin will grow more than 25-fold by 2022”