Somesh Jha
Los Angeles Times
New Delhi, DL, India
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Past articles by Somesh:
Why is it so hard to say if this is a recession?
A shrinking GDP doesn't automatically equal an economy in recession. Here's why economists are so hesitant to put a label on this topsy-turvy economy. → Read More
Tackling inflation, the Fed has juiced it in the rental market
The Federal Reserve may have accelerated its attack on inflation by hiking interest rates. But its actions are also driving up rents as pricier mortgages keep would-be buyers in their leases. → Read More
Housing inflation is worse than official BLS data show
Data collected by the U.S. Bureau of Labor Statistics -- but not made available to the public -- show a gulf between the market conditions affecting new versus renewing renters. → Read More
How will the Fed interest rate hike affect you?
Consumers already paying more for gas, groceries and everyday items should expect higher prices in other parts of their lives after Fed rate increase. → Read More
Big Fed rate hike aims to slow, but not stifle, the economy
The U.S. central bank raised rates amid a widespread sense that inflation is out of control — and, some say, beyond the Fed's control. → Read More
Inflation looks like 'a losing battle' in Southern California
Residents of the Los Angeles area are changing how they eat, shop and do business to cope with some of the nation's highest gas and housing prices. → Read More
Is the economy heading toward mass layoffs? Not so fast, experts say
The Tesla chief executive said the electric-car maker would cut staff as he shared a dire view of the economy. Will other companies follow? → Read More
Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies
Why are bitcoin and luna crashing? What's terraUSD? What's next for crypto? We answer some questions as cryptocurrency markets plunge → Read More
Cedars-Sinai workers strike for the first time in decades, negotiate for higher wages
The previous three-year contract between Cedars-Sinai Medical Center and the SEIU-UHW expired on March 31. Workers are demanding higher wages. → Read More
Subscribers to get 8.5% EPF savings interest at one go on 'market boost'
Read more about Subscribers to get 8.5% EPF savings interest at one go on 'market boost' on Business Standard. The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately → Read More
Introspect reasons for low market valuation: DIPAM secy to state-owned cos
Read more about Introspect reasons for low market valuation: DIPAM secy to state-owned cos on Business Standard. Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices → Read More
Guaranteed loans for stressed assets out of existing Rs 3 trn credit line
Read more about Guaranteed loans for stressed assets out of existing Rs 3 trn credit line on Business Standard. Scheme to be applicable to all 26 sectors identified by K V Kamath panel along with health sector, with past dues from Rs 50-500 crore as of 29 February, 2020 → Read More
Employees or contractors? Gig universe faces a social code dilemma
Read more about Employees or contractors? Gig universe faces a social code dilemma on Business Standard. Globally, there have been public debates on the nature of the job of gig workers and the social security framework they deserve to get. → Read More
In a first in 5 yrs, BMS rejects call by other unions for nationwide strike
Read more about In a first in 5 yrs, BMS rejects call by other unions for nationwide strike on Business Standard. In a rare instance of a prominent central trade union breaking ranks with other labour unions, the BMS had decided not to take part in an industrial strike which was held on September 2, 2015. → Read More
Draft labour rules: No licence for contractors with criminal history
Read more about Draft labour rules: No licence for contractors with criminal history on Business Standard. Norms also include past insolvency; move not enough to weed out fly-by-night contractors, say industry experts → Read More
4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data
Read more about 4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data on Business Standard. EPFO releases data for employee exits in formal sector → Read More
Govt proposes to up daily factory work limit to 12 hours, draws protests
Read more about Govt proposes to up daily factory work limit to 12 hours, draws protests on Business Standard. Work-life balance of employees will be hurt if they work for so long and then commute, say labour economists → Read More
Govt targets 5-6 mn job creation through Atmanirbhar Bharat Rozgar Yojana
Read more about Govt targets 5-6 mn job creation through Atmanirbhar Bharat Rozgar Yojana on Business Standard. The government will soon seek the approval of the Union Cabinet before notifying the ABRY scheme. → Read More
Gig workers need to register, update info for social security: Draft rules
Read more about Gig workers need to register, update info for social security: Draft rules on Business Standard. Gig firms will have to submit contribution towards a fund through self-assessment by June 30 each year → Read More
Govt asks CPSEs for quarterly dividend payouts, higher share of profits
Read more about Govt asks CPSEs for quarterly dividend payouts, higher share of profits on Business Standard. DIPAM has prepared a 'consistent' dividend policy for state-owned firms to follow → Read More