financializer news A weblog highlighting financial topics making news in the international media.

ttc: With deeper pockets the province has always been better placed to own the TTC's subway lines but can the Ford government be trusted to upload the service and own up to the costs, Martin Regg Cohn writes, according to The Toronto Star. Bernard Weil / Toronto Star Possessed of big pockets and the big picture, the province has long been better placed to own the TTC's subway lines. For the answer is a foregone conclusion Of course Ontario should do it. Queen's Park has the ability to bankroll and borrow for big capital projects, unlike Toronto's restricted cash flow and perennial shortfalls. With the premier of the day directly accountable for subway expansion, he or she is more likely to fund a future relief line than plead poverty. The linkages in our interconnected megalopolis require us to expand subway planning beyond a Toronto-centric perspective. (news.financializer.com). As reported in the news.

power: The startling figure comes as Prime Minister Scott Morrison warned the passing of the medical refugee transfers bill today would weaken Australia's borders, according to Nine News Australia. Since the Coalition came to power in 2013, Australia has helped Indonesian authorities intercept 53 attempts to smuggle people here, 9News was told. To improve your experience update it here News World Warning of 14,000 asylum seekers 'ready to make boat journeys' from Indonesia By Richard Wood6 54pm Feb 13, 2019Facebook Tweet Mail Up to 14,000 asylum seekers in Indonesia could attempt unauthorised journeys to Australia after new laws were passed in parliament, federal government sources have claimed. Mr Morrison ramped up the rhetoric on border control earlier today when Labor, the Greens and four independents backed the bill in the Senate. AP/AAP The same legislation was passed in the House of Representatives yesterday. The leader of the Opposition in the Senate Senator Penny Wong, left, speaks to Senator Derryn Hinch after the passing of the Medivac bill. (news.financializer.com). As reported in the news.

supply chains: The group is committed to accelerating progress toward achieving the UN's sustainable development target of halving per capita global food waste at retail and consumer level and through production and supply chains by 2030, according to The Guardian. The UN estimates global food waste causes about 940bn 770bn a year in economic losses. The study is based on research for Champions 12.3, a group of political, business, NGO and farmers' leaders from across the world who have united to tackle waste, using data taken from 114 restaurant sites across 12 countries. It says a third of the world's food is wasted while one in nine people remain malnourished. The findings are published in a report from the World Resources Institute the business case for reducing food loss and waste restaurants. In addition, food waste accounts for 8% of global greenhouse emissions. (news.financializer.com). As reported in the news.

tim: In September Geoff Wilson boasted to investors that he had asked Tim Wilson, who chairs the House economics committee, to schedule inquiry hearings alongside Wilson Asset Management roadshow events to help investors protest against Labor's policy, according to The Guardian. Tim Wilson's franking credits roadshow gets elderly audience fired up Read more Burke questioned whether Tim Wilson had organised the committee's hearing schedule and locations at the behest of a person with a vested interest in the inquiry . This also raises the question as to whether the actions of the chair amount to an improper interference with the free exercise of his own committee's authority or functions, such as to constitute a contempt of the house, he said. On Wednesday Tony Burke, the manager of opposition business, asked the speaker, Tony Smith, to give precedence to a motion to refer Wilson, questioning whether he had harmed the dignity of the parliament and its committee system . Tim Wilson authorised a partisan website by Geoff Wilson, his first-cousin, once-removed, which garners submissions opposed to Labor's policy and signs submitters up to a Wilson Asset Management petition. Tim Wilson declared on the pecuniary interest register that he is a shareholder in two funds managed by Wilson Asset Management but failed to make a declaration in public hearings, including the 30 November hearing at which Geoff Wilson gave evidence. He questioned whether Tim Wilson had breached standing orders that no member may sit on a committee if he or she has a particular direct pecuniary interest in the matter under inquiry. Burke suggested that given Tim Wilson's shareholding through his self-managed superannuation fund, he may be impacted by the very policy his committee is inquiring into in his retirement. (news.financializer.com). As reported in the news.

trump: Trump said Tuesday he would need more time to study the plan, but he also declared that he was not expecting another shutdown this weekend when funding for parts of the government would run out, according to Nine News Australia. He also strongly signalled he planned to scrounge up additional dollars for the wall by raiding other federal coffers to deliver on the signature promise of his presidential campaign. To improve your experience update it here News WorldUS government shutdown Trump unhappy with deal but expects breakthrough by weekend By Associated Press3 32am Feb 14, mounting pressure from his own party, President Donald Trump appears to be grudgingly leaning toward accepting an agreement that would head off a threatened second government shutdown but provide just a fraction of the money he's been demanding for his Mexican border wall. I can't say I'm happy. But the wall is getting built, regardless. I can't say I'm thrilled, Trump said of the proposed deal. (news.financializer.com). As reported in the news.

border-security deal: How did major indexes fare The Dow Jones Industrial Average DJIA, 0.46% climbed 372.65 points, or 1.5%, to 25,425.76, while the S&P 500 index SPX, 0.30% added 34.93 points, or 1.3%, to 2,744.73, according to Market Watch. The Nasdaq Composite Index COMP, 0.08% advanced 106.71 points, or 1.5%, to 7,414.62. Meanwhile, the S&P 500 finished above its 200-day moving average for the first time in 46 days, marking its longest sojourn under the key trendline since March 2016, according to the Dow Jones Market Data Group. Read Morgan Stanley warns of a looming earnings recession What drove the market Democratic and Republican lawmakers reached a deal late Monday to avert another government closure after GOP negotiators agreed to a border-security deal that will involve far less money for an extension of the southern U.S. border wall than President Donald Trump has been demanding. Bilateral trade negotiations entered a second day in Beijing, with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer due to arrive Thursday for more high-level discussions. The tentative agreement, which involves 55 miles of new border fencing, still requires approval from Trump, who reportedly is not thrilled but stopped short of saying he will reject it. (news.financializer.com). As reported in the news.

coal unit: The TVA board will meet Thursday to consider whether to close the 49-year-old plant, which operated only intermittently last year because it was no longer needed to supply uninterrupted power known as baseload, according to The Independent. The board also is considering shutting down a 52-year-old coal unit at Bull Run near Oak Ridge, Tenn. Scott Olson/Getty Images By Steven Mufson Steven Mufson Reporter covering energy and other financial matters Email Bio Follow February 12President Trump set up a clash with an independent agency Monday evening with his call for the Tennessee Valley Authority to keep open an aging coal plant that buys much of its coal from a company chaired by Robert E. Murray, one of the president's major supporters. In a tweet Monday night, Trump said Coal is an important part of our electricity generation mix and TVAnews should give serious consideration to all factors before voting to close viable power plants, like Paradise 3 in Kentucky! But the TVA is leaning toward the closure of the Paradise and Bull Run plants precisely because they are not viable. The unit does not provide the level of flexibility needed to balance hourly, daily and seasonal changes in energy consumption, the agency said in a proposal. The agency has already said that closing the Paradise coal plant would have no significant effect. (news.financializer.com). As reported in the news.

earnings report: While investors applauded Cisco after its last earnings report as executives said tariffs from the U.S.-China trade war were not likely to slow growth and that the end of headwinds from memory-chip pricing was in sight, analysts appear less optimistic on enterprise spending seven weeks into 2019, according to Market Watch. On Tuesday, Morgan Stanley analyst James Faucette downgraded Cisco to equal-weight from overweight and reduced his price target to 51 from 49 on the believe that Cisco's security business is unlikely to offset deceleration in the traditional hardware cycle. When Cisco CSCO, -0.81% reports fiscal second-quarter earnings after the market closes on Wednesday, executives will provide a closely watched forecast from a company that is typically seen as a bellwether for tech and the economy. Even with the downgrade, Cisco shares were up 0.5% at 47.81 at last check Tuesday. In 2013, Cisco acquired cybersecurity company Sourcefire for 2.7 billion. Also, Faucette said the recent departure of Sourcefire founder Martin Roesch, who we think has been integral to the security roadmap and talent retention success, gives us additional pause. (news.financializer.com). As reported in the news.

friday: On Friday, the key market gauge tumbled 418.11 points, according to The Japan Times. The market was closed Monday for a national holiday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, ended 33.20 points, or 2.16 percent, higher at 1,572.60. The Nikkei 225 average soared 531.04 points, or 2.61 percent, to end at 20,864.21. It fell 29.63 points Friday. Ryuta Otsuka, strategist at the investment information department of Toyo Securities Co., attributed Tuesday's surge to buybacks by short-term players after stocks were oversold Friday. Repurchases boosted mainstay stocks of exporters, said Yoshihiko Tabei, chief analyst at Naito Securities Co. (news.financializer.com). As reported in the news.

nuro: We've spent the last 2 years building an amazing team, launching our first unmanned service, working with incredible partners and creating technology to fundamentally improve our daily lives, Nuro co-founder Dave Ferguson said in a release, according to The Japan Times. This partnership gives us the opportunity to take the next step in realizing our vision for local commerce and the broad application of our technology. The 940 million in financing from Soft Bank brought the total amount of funding raised by Nuro to more than 1 billion, with investors including Greylock Partners and Gaorong Capital, the company said Monday. ; The move comes amid surging interest in robotic delivery among companies ranging from small startups to retail giant Amazon. Last year, Nuro which includes team members who came from Google, Waymo, Apple, Uber, Tesla and General Motors began testing its boxy, driverless delivery vehicles in Arizona in a partnership with the large grocery store chain Kroger. Nuro's world-class team has successfully scaled their self-driving technology out of the lab and into the streets, Soft Bank Investment Advisers managing partner Michael Ronen said in the release. The service lets people place online orders and have them delivered by the robotic vehicles, which operate independently by are followed to make sure all goes to plan. (news.financializer.com). As reported in the news.

jobs revenue: Despite this increasing pressure, Vice Commerce Minister Qian Keming urged more competitive and creditworthy Chinese enterprises, including state-owned and private enterprises, to continue to invest abroad, according to Global Times China. Based on market principles and international conventions, Chinese companies should continue foreign investment cooperation, develop and grow stronger. The official said that additional scrutiny of Chinese companies by some countries in the name of national security has had negative effects on the companies' investments abroad. They should meanwhile create more jobs and revenue for host countries in order to achieve mutual benefits and win-win results, Qian said during the press conference. However, a growing number of foreign countries and regions have been on guard against Chinese investments. Amid a global downturn of transnational investment, which fell 19 percent in 2018, China's foreign investment rose 4.2 percent to 129.8 billion, according to the MOFCOM. It added that 405 merger and acquisition projects were completed with a total value of 70.26 billion. (news.financializer.com). As reported in the news.

movie-ticketing platform: Falling valuations risk denting investor enthusiasm for future funding rounds - potentially limiting the amounts startups are able to raise, according to Global Times China. One senior tech-focused dealmaker estimated that targeted valuations had fallen between 20 and 40 percent in China's tech space, over the last three months alone. Photo VCG Investors are bracing for a series of down rounds in China's much-hyped tech sector as weak stock markets worldwide and the country's economic slowdown weigh on the once-buoyant private markets. Maoyan Entertainment, China's biggest movie-ticketing platform by sales, became the latest example of weak starts among Chinese tech firms listing in the financial hub, as the Hong Kong initial public offering of the group, backed by Tencent Holdings Ltd, valued the company at 2.16 billion - more than a quarter less than the valuation reached in its last 2017 funding round. Shares in Maoyan Entertainment opened at HK 14.82 1.89 barely higher than the initial public offering IPO price of HK 14.8, which was already at the bottom end of the indicative range. Maoyan Entertainment fell 1.1 percent in its Hong Kong stock debut last week. (news.financializer.com). As reported in the news.

nrta notice: The National Radio and Television Administration NRTA said that starting Friday, web dramas and cartoon makers whose budgets exceed 5 million yuan 737,000 and filmmakers with programs costing over 1 million yuan must register with the administration, including genre, content and budget before production begins, according to a document from the administration's website in Central China's Hunan and Hubei provinces, East China's Zhejiang and northern Beijing Municipality, according to Global Times China. The NRTA notice said that after production, producers need to update their actual investment and expenses, their cast's pay and broadcasting platform. Photo CFP China's media watchdog is requiring web dramas and film producers, whose budgets exceed a certain level, to register, a move industry insiders hope would help curb actors' skyrocketing fees and improve programming. Producers who pass the review will receive a broadcast number to promote their works to advertisers and streaming sites. Each episode of a so-so quality web drama costs about 1 million yuan, he said. Five million yuan is not a large amount and most projects are qualified to register based on this standard, Li Jian pseudonym who works for a studio based in Tongzhou district in Beijing, told the Global Times on Tuesday. (news.financializer.com). As reported in the news.

car: Let's take a facts-first look at some claims in the President's speech, according to CNN. Green New Deal Read More I really don't like their policy of taking away your car, of taking away your airplane flights, of 'Let's hop a train to California,' of you're not allowed to own cows anymore. He also poked fun at the Green New Deal and prattled off his old line that China is paying billions into the US Treasury. Lot of problems. Alexandria Ocasio-Cortez of New York to fight climate change through drastic economic and regulatory means. Trump is taking aim at the Green New Deal, a resolution introduced by Democratic Rep. (news.financializer.com). As reported in the news.

breweries: It was not just the relationship itself that had me stunned it was the fact that Heineken was brewing beer there at all, according to The Guardian. I knew the company was doing business all over the world, and I had some vague notion that it would have breweries outside the Netherlands, but I had never realised the scale 165 breweries in more than 70 countries, including this north African autocracy. During my reporting, I discovered that Heineken maintained close ties with the kleptocratic family clan that had ruled Tunisia for almost 25 years. The following year, I decided to begin work on a book about Heineken's operations in Africa. A woman who had done an internship at Heineken told me she chose to apply to the company because of its corporate social responsibility, and she waxed lyrical about the combination of idealism and no-nonsense business . I went through Dutch news archives and found enthusiastic stories about the company's work in Africa, with headlines like Heineken is Helping . In total, I spent six years researching Heineken in Africa. When I told people in the Netherlands about my plan, I was mostly regaled with positive stories. (news.financializer.com). As reported in the news.

family: Sarah McFadyen was forced to make a choice when her Catholic church in Melbourne kicked her and her family out when she revealed her child was trans, according to Nine News Australia. She simply asked for her son, Jack, who was born Lyla and assigned female at birth, to be baptised but when she explained the circumstances around his recent social transition, the family was immediately shunned. To improve your experience update it 'Am I going to hell because I'm trans ' Inside the lives of Australian trans children - Part three By Kimberley Caines1 25pm Feb 12, 2019Facebook Tweet Mail It is something no mother wants to go through to be told by her church that her child isn't wanted. Seven-year-old Jack wearing his first suit. Supplied For eight months, Mrs McFadyen desperately tried to find another Catholic place of worship but door-after-door was slammed in her face. Supplied Jack at age three. (news.financializer.com). As reported in the news.

name lager: Ontario beer regulations do not allow grocery stores to sell their own products Grocery giant Loblaw announced Tuesday that it is launching a no name lager in its trademark yellow-and-black packaging to be sold at 6 plus 60 cents deposit for a six-pack at select LCBO stores this weekend, according to The Toronto Star. Loblaw The price will rise to 10.45 after the weekend. The company is launching a no name lager in its trademark yellow-and-black packaging from Friday through Sunday at 6 plus 60 cents deposit for a six-pack at select LCBO stores. It's the first time Loblaw has participated in the buck-a-beer sphere since offering some of its President's Choice brands over the Labour Day weekend, and comes as the lone remaining full-time buck-a-beer offering from Cool Beer Brewing Co. in Etobicoke scales back to long weekends only. It was an easy decision to bring the no name brand to this category at this price. When we piloted buck-a-beer to Ontarians last fall, the results were unbelievable, Ian Gordon, vice-president of Loblaw's no name brand, said in a statement Tuesday. (news.financializer.com). As reported in the news.

wilson: Mark Wilson/Getty Images DRIVING THE DAYA BORDER DEAL SARAH FERRIS, HEATHER CAYGLE and The tentative deal includes 1.375 billion for physical barriers a type of fencing that resembles the steel slats' that Trump has specifically called for, according to a congressional aide briefed on the talks, according to MSNBC. It includes a total of 55 miles, which is just nine miles shy of Trump's last budget request. Facebook Twitter Email Print POLITICO Playbook Why this is the best border deal Trump will get By JAKE SHERMAN, ANNA PALMER and DANIEL LIPPMAN 02/12/2019 06 23 AM ESTUpdated 02/12/2019 08 44 AM by President Donald Trump gave Congress a chance to negotiate for three weeks, and this is what he got a billion and change. In exchange, Democrats agreed to drop their demand to restrict the number of people who can be detained by Immigration and Custom Enforcement at a time. But one Republican source was quick to dispute Democrats' account, saying the 1.375 billion in barrier funding can be used for new miles of border wall.' The same Republican source suggested that the deal had enough flexibility to actually reach the president's requested level of 52,000 beds, far above the negotiated level. Negotiators agreed to fund a total of 40,520 detention beds for ICE, a roughly 17 percent reduction from current levels, the aide said. (news.financializer.com). As reported in the news.

trial: ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial The company previously turned down a 40m loan from Sports Directowner Mike Ashley, who owns a substantial chunk of the retailer, whowarned last year that the firm was on the brink of collapse, according to The Independent. Mr Ashley's offer was rejected on the basis that the terms of the loan would have an impact on other investors. Shares in the retailer surged by as much as 45 per cent after the group reported that it had secured a 12-month credit facility which will act as a bridge to facilitate a broader refinancing and recapitalisation . Debenhams has beentrying to cut costs in a bid to stem losses, and last year announced plans toclose 50 stores, putting thousands of jobs at risk. Sergio Bucher, Debenhams chief executive, said Today's announcement represents the first step in our refinancing process. Death of the British high street The retailers affected Show all 9 Created with Sketch. Created with Sketch. (news.financializer.com). As reported in the news.

share: Qualys said it earned 14.4 million, or 35 cents a share, in the quarter, compared with 2.9 million, or 7 cents a share, for the same quarter in 2017, according to Market Watch. Adjusted for one-time items, the company earned 21.3 million, or 51 cents a share, compared with 13 million, or 32 cents a share, a year ago. QLYS, -14.63% fell nearly 15% in the extended session Tuesday after the cloud computing company reported adjusted fourth-quarter earnings and sales above Wall Street views but its guidance for first-quarter sales came in below expectations. Revenue rose 18% to 74.2 million for the quarter, compared with 62.9 million a year ago. For the first quarter, the company guided for revenue between 74.5 million and 75.2 million, and adjusted profit between 41 cents a share and 43 cents a share. Analysts polled by Fact Set had expected the company to earn an adjusted 40 cents a share on sales of 74.1 million. (news.financializer.com). As reported in the news.

organisation reports: The organisation reports that Blue Gem Capital Partners, Liberty's largest shareholders, have asked investment bank UBS to explore a potential sale and look for prospective bidders for the business, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial Private equity firm Blue Gem is also reported to have given the landmark destination and its sister companies a price tag of more than 300m. According to Sky News, the famous department store looks set to change hands for the first time in nearly a decade. Created with Sketch. Created with Sketch. Most expensive artworks sold at auction Show all 16 Created with Sketch. (news.financializer.com). As reported in the news.

security safety: That follows an unprecedented summit in June last year of the two leaders in the wealthy city state of Singapore. ; This important event has shown that Vietnam's investment environment is good, that Vietnam's development model is going in a right direction and especially that the security and safety in Vietnam is wonderful, Phuc told government officials at the Hanoi Stock Exchange, according to The Japan Times. Vietnam will demonstrate its international role and do its best to let the word Vietnam' ring out. Last week, Trump said he would hold his second meeting with Kim in Hanoi on Feb. 27 and 28. As Vietnam prepares for the summit, its reform model is being widely touted as the economic path for impoverished and isolated North Korea to follow. Vietnam's foreign minister arrived in North Korea on Tuesday and is expected to stay until Thursday. Last year, U.S. Secretary of State Mike Pompeo said North Korea could follow the example of Vietnam, adding that Trump believed Pyongyang could replicate Hanoi's path to normal relations with Washington and to prosperity. (news.financializer.com). As reported in the news.

venezuela maduro: Maduro, who faces a challenge to his authority back home from opposition leader Juan Guaido, said the gold is legally Venezuela's, it belongs to the Central Bank of Venezuela, according to The Japan Times. Maduro says the U.S. has frozen 10 billion in Venezuelan accounts through its sanctions. The socialist leader told the BBC, according to a transcript made public Tuesday, that his country may have gold reserves weighing 80 tons or more deposited at the Bank of England. Washington has said it will turn over control of those resources to Guaido once Maduro has been removed from power. Send a convoy with the 80 tons of gold. They should send a convoy with the dollars they've stolen from us, said Maduro, who claims that aid would be a pretext to a foreign intervention. (news.financializer.com). As reported in the news.

stake: The private equity firm Blue Gem bought Liberty for 32m in 2010 and refinanced it in 2014, reducing its stake to about 40% and allowing some investors to take cash out but nearly all to reinvest in buying the department store for 165m, according to The Guardian. It is understood Blue Gem is looking to offload its stake. The retail landmark, which was founded by Arthur Lasenby Liberty in 1875 with a 2,000 loan from his future father-in-law, has grown to become an international brand that sells its tana lawn fabrics and luxury leather goods around the world. It is unclear if other investors are willing to sell. About 60% of the store's profits come from selling own-label merchandise. Group sales reached 133m in the year to February 2018, up 8% year on year, while pretax profits more than tripled to nearly 7m. (news.financializer.com). As reported in the news.

payment: The panel members will need to be paid, according to Nine News Australia. The payment is drawn from public money. To improve your experience update it here News National Asylum seeker bill 'breaches constitution'By AAP4 29pm Feb 12, ADVICE ON ASYLUM SEEKER BILL Amendments made in the Senate in relation to an independent health advice panel to deal with asylum seeker medical issues, breach the constitution in two ways. So the legal consequence of the bill is to increase government spending. Section 56 of the Constitution has the effect of amendments such as this requiring the government to seek a message from the Governor General recommending the spending. Section 53 of the Constitution requires all money bills to originate in the House of Representatives, not the Senate. (news.financializer.com). As reported in the news.

ocasio-cortez: All market data delayed 20 Ocasio-Cortez Published 1 day ago Union leaders warn Green New Deal may lead to poverty 'Members are worried about putting food on the table' By Gregg Re Fox Trump, Rep, according to MSNBC. Alexandria Ocasio-Cortez trade shots over 'Green New Deal'Trump takes aim at self-proclaimed socialist Congresswoman Ocasio-Cortez and her proposal to fight climate change; reaction from RNC Chair Ronna McDaniel. Alexandria Ocasio-Cortez is workable in practice, signaling that the progressive proposal may be in for even more turbulence following a rocky rollout last week. author type Person name Gregg Re publisher type Organization name Fox News logo type Image Object url width 133, height 60 image type Image Object url ve 1&tl 1 width 696, height 392 context http //schema.org/ type Web Page name Union leaders warn Green New Deal may lead to poverty 'Members are worried about putting food on the table' speakable type .head1 .speakable url Fox Nation Radio More Expand / Collapse search Login Watch TV Hot Freedoms Fox News News MoviesTV News Music News Style News Entertainment Leaders Lifestyle Food Drink Cars Trucks Travel Outdoors House Home Fitness Well-being Style & Space Planet Earth Wild Nature Natural Games Military Tech Health Healthy Living Medical Research Mental Health Cancer Heart Health Children's Live Full Episodes Show Clips News Clips About Careers College Students Fox Around the World Advertise With UsAd Choices Media Nation Fox News Shop Fox News GoFox News Radio Fox News & Products Fox News New Terms of Use New Privacy Policy Closed Captioning Policy Help This material may not be published, broadcast, rewritten, or redistributed. 2019 FOX News Network, LLC. All rights reserved. Labor unions are warning that the Green New Deal proposed by Democratic New York Rep. While conservatives have fiercely criticized the Green New Deal resolution for promising a job to all people of the United States -- including those unwilling to work, according to an accompanying document published, and later disavowed, by Ocasio-Cortez's office -- the pushback from union leaders indicates that the progressive proposal has not won over a core element of the liberal base. Alexandria Ocasio-Cortez is vague and potentially dangerous, signaling that the progressive proposal may be in for even more turbulence following a rocky rollout last week. (news.financializer.com). As reported in the news.