Feb 10, 2017

Big in Business: Coca Cola's corporate diet

Nati Harnik / AP

The iconic American company reported a 55% decline in profits on Thursday—reduced by charges related to selling off its bottling businesses to independent firms around the country. Coke retook control of those operations in 2010 as it wanted to adapt them to producing healthier drinks to meet consumer demand. But the labor-intensive bottling business shrunk Coke's margins, so executives moved to divest once again.

Tesla to unionize?: A Tesla employee took to Medium Thursday afternoon to complain of unsafe work conditions, mandatory overtime that forced him to work 60 to 70 hours per week, and hourly pay of $17-$21, below the average auto-worker pay of $25.58. Musk responded to Gizmodo that although his company is "union-neutral," he believes the worker is a paid infiltrator of the United Auto Workers, who exaggerated his claims. The worker says he has been in contact with the UAW.

The consequences of China's treasuries selling spree: The Wall Street Journal contemplates the effects of the declining share of foreign owners of U.S. debt. It found that as China in particular has sold off U.S. debt to prop up its currency, U.S. rates have begun rising. Given the widespread demand around the world for safe returns, experts don't foresee U.S. borrowing costs rising significantly in coming years, even if the Chinese continue to sell.

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Updates: George Floyd protests continue past curfews

Protesters on Tuesday evening by the metal fence recently erected outside the White House. Photo: Olivier Douliery/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday night across the U.S. for the eighth consecutive day — prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: Protesters were still out en masse for mostly after curfews were in force in cities including Washington, D.C., New York City, Los Angeles and Portland — where police used pepper spray and flash bangs on a group throwing projectiles at them during an "unlawful assembly," per KATU. Portland police said this group was separate to the thousands of demonstrators who protested peacefully elsewhere in the city.

Primary elections test impact of protests, coronavirus on voting

Election official at a polling place at McKinley Technology High School in Washington, D.C. Photo: Drew Angerer/Getty Images

In the midst of a global pandemic and national protests over the death of George Floyd, eight states and the District of Columbia held primary elections on Tuesday.

Why it matters: Joe Biden, the presumptive Democratic nominee, needs to win 425 of the 479 delegates up for grabs in order to officially clinch the nomination. There are a number of key down-ballot races throughout the country as well, including a primary in Iowa that could determine the fate of Rep. Steve King (R-Iowa).

Iowa Rep. Steve King defeated in GOP primary

Rep. Steve King. Photo: Alex Wroblewski/Getty Images

State Sen. Randy Feenstra defeated incumbent Rep. Steve King in Tuesday's Republican primary for Iowa's 4th congressional district, according to the Cook Political Report.

Why it matters: King's history of racist remarks has made him one of the most controversial politicians in the country and a pariah within the Republican Party.