Small business owners are in a sour mood

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 9 April 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Small business hiring plans are at the lowest levels since May 2020, NFIB finds; Norfolk Southern agrees to $600 million settlement for East Palestine derailment; EPA issues tougher chemical plant emissions rule; European countries along North Sea form alliance to protect infrastructure.

Transcript

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0:00.0	Small business owners are in a sour mood.
0:05.0	I'm Nova Safo with a marketplace minute.
0:07.0	The latest survey from the National Federation of Independent Business finds hiring plans among its members
0:12.0	are at their weakest since May 2020.
0:15.4	Only 11% of firms said they plan to create new jobs in the next three months.
0:19.9	Many are raising wages or plan to. Norfolk Southern is offering $600 million to resolve class-action
0:26.4	personal injury claims connected to the train derailment last year in East Palestine, Ohio,
0:32.0	when toxic chemicals spilled and burned.
0:34.0	The Environmental Protection Agency is tightening emissions requirements at chemical plants.
0:38.6	It says this will affect more than 200 facilities located mostly in the country's center and south, such as Texas,
0:45.7	Louisiana and the Ohio River Valley.
0:49.6	European countries bordering the North Sea, including Britain and Denmark are forming an alliance to protect
0:53.7	underwater cables, pipelines, and other infrastructure.
0:56.8	Two years ago, unknown saboteurs ruptured a pipeline in the neighboring Baltic Sea.
1:01.5	I'm Novasafo with a marketplace minute.

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