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Job market slowdown looms over Biden reelection bid on November 3, 2023 at 9:37 pm Business News | The Hill

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President Biden and Democrats are in economic purgatory with less than a year until the pivotal 2024 election.

The U.S. economy is slowing down after years of rapid post-pandemic expansion, taking steam out of inflation on the way down. But the slow march toward an even-keeled economy is doing few political favors for Biden and his party.


US added 150K jobs in October as jobless rate ticked higher

Biden’s approval ratings have fallen to record lows as Americans feel the pinch of high interest rates and plateauing inflation. 

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While declines in job gains and wage growth may help the inflation fight, they also leave the administration with dwindling ways to sell Americans on its handling of the economy.

Julia Pollak, chief economist at ZipRecruiter, said the job market slowdown “partly explains why job seekers and new hires are feeling more stressed out than they have in over a year.”

“Rising financial strain, paired with declining worker leverage, are taking their toll. The decline in real disposable income last month suggests that consumer spending could cool further in the coming months, putting yet more downward pressure on the labor market.”

Record job gains but record-low approval

President Biden heads toward Marine One on the South Lawn of the White House in Washington, D.C., on Friday, November 3, 2023. (Greg Nash)

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Biden and Democratic lawmakers have struggled to turn record-shattering job growth into positive polling on the economy. 

The U.S. has added roughly 14 million jobs since Biden took office in January 2021 — far more than any of his predecessors. Millions of those jobs were simply products of a recovery already in motion before Biden’s election, but the president has still made the speed of the comeback a centerpiece of his reelection campaign.

“Today’s report shows that Bidenomics is growing the economy from the middle out and bottom up—not the top down,” the White House said in a Friday statement.

Biden and Democrats are eager to claim credit for the resilience of the U.S. labor market, which many economists predicted would be losing jobs by now.

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With 150,000 jobs added last month and a jobless rate of 3.9 percent, experts say the U.S. is still adding far more than enough jobs to keep the economy out of recession.

“The economy needs to add only 75,000 jobs a month—compared with 200,000 a decade ago—to stabilize employment given demographic changes,” wrote Joseph Brusuelas, chief U.S. economist at audit and tax firm RSM, in a Friday analysis.

He added that the October jobs figures are “consistent with full employment” and “to be celebrated,” particularly after years of high inflation.

Biden’s support, however, has not been as sturdy.

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Just 37 percent of Americans approve of Biden’s job as president, according to a Gallup poll released last week, in line with the lowest mark of his presidency. Biden’s support among Democrats also plunged 11 percentage points to a new record low of 75 percent.

The president’s approval among independents fell 4 percentage points to 35 percent, and just 5 percent of Republicans approve of Biden.

Recent polls of Biden’s handling of the economy and consumer sentiment have also fallen sharply, largely in step with an increase in interest rates and credit card balances.

Inflation, rate hikes remain supreme

A line of 2022 Santa Fe SUV’s sit outside a Hyundai dealership Sunday, Sept. 12, 2021, in Littleton, Colo. (AP Photo/David Zalubowski, File)

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Biden and top Democrats have largely blamed the media and Republicans for driving Americans’ dismal views on the economy.

In a remarks last month after a stunning September jobs gain, Biden ribbed reporters — ”not the happiest people in the world,” he said — for hyperfixating on inflation and recession fears.

“I think the people … who got jobs feel better about the economy,” Biden said in October.


Car payments are squeezing owners amid high rates

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Millions of Americans who lost jobs during the recession gained them back under Biden, and far faster than many economists expected. Intense demand for workers also helped tens of millions of Americans secure higher wages and new jobs with better pay, flexibility and career opportunities.

Callie Cox, U.S. investment analyst at eToro, also cited the record number of strike as a sign of “the power that employees have at this moment.”

After striking since Sept. 14, the United Autoworkers (UAW) union reached tenative deals this week with Ford, General Motors (GM) and Stellantis on new contracts that would boost worker pay by 25 percent. 

The UAW also won back key concessions, including cost-of-living adjustments and more rapid progressions to top wage rates, given up after the Great Recession.

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“We’re in the middle of an empowering movement in the job market that’s been a long time coming, and it’s just another reminder of how solid the economy is (even though it may not show through in economic data),” Cox wrote.

But while the job market is slowing toward its pre-pandemic strength, Americans are still grapping with both inflation and interest rates at their highest levels in decades.


Americans are struggling to pay their debts as economy tightens

Annual inflation peaked at 9.1 percent in June 2022, according to the consumer price index (CPI), before landing at 3.7 percent in September.

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The slowdown in the job market may also be falling hardest on Americans least able to handle a setback, according to Nick Bunker, economic research chief at Indeed.

“The rise in unemployment is concentrated among workers who recently lost their jobs and the job finding rate of unemployed workers ticked down,” Bunker explained.

“Perhaps this rise is just a sign that the extraordinarily tight labor market of recent years is loosening. But continued upward momentum would be troubling.”

‘The Fed holds the keys’

Federal Reserve Chair Jerome H. Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, Nov. 1, 2023. (AP Photo/Susan Walsh)

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Surging inflation pushed the Federal Reserve into the fastest interest-rate tightening cycle in its history, boosting borrowing costs to the highest level since the 2007-08 recession.

The Fed held off on boosting interest rates Wednesday for the second consecutive meeting, citing the toll of higher rates on businesses and consumers. Experts doubt the bank will raise borrowing costs again after the soft October jobs report.

“The good news is that this slowdown is not due to economic fundamentals, but rather due to careful orchestration by the Fed. If it turns out that the Fed and bond markets have gone too far, the Fed holds the keys to turning that around,” Pollak said.

Pollak said businesses “have many vacancies, they want to hire, and they want to expand. But high interest rates are holding them back. If rates start coming down next year, expect that pent-up demand for labor, transportation, building materials and a host of other inputs to be unleashed again.”

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​Business, Economy President Biden and Democrats are in economic purgatory with less than a year until the pivotal 2024 election. The U.S. economy is slowing down after years of rapid post-pandemic expansion, taking steam out of inflation on the way down. But the slow march toward an even-keeled economy is doing few political favors for Biden and…  

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Building a 10 Million Army: One Leader’s Mission to Save Tomorrow

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Sustainability is often spoken about as if it belongs only to scientists, policy experts, or environmental activists. On the Roselyn Omaka Show, Otto Cannon makes the case that it belongs to everyone. His message is both urgent and deeply human: sustainability is not just about the environment, but about creating a world where people, planet, and profit exist in balance.

Cannon’s mission is striking in its scale. He wants to build what he calls a global army of 10 million sustainability leaders—people across industries and communities who choose to think beyond short-term gains and take responsibility for the future they are helping shape.

My biggest mission is to raise a 10 million global army of sustainability leaders.

Otto’s understanding of this work did not begin in a conference room. It began in childhood, shaped by a father who taught him to see the world’s problems as personal assignments. That early influence instilled in him the belief that real leadership means stepping forward, identifying what is broken, and dedicating yourself to fixing it.

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That mindset later became deeply personal. In one of the interview’s most emotional moments, Cannon shares how the death of his dog after swallowing a plastic bottle cap changed his life. What might have seemed like an isolated tragedy became, for him, a doorway into a much larger truth: waste is never just waste when it destroys ecosystems, harms wildlife, and threatens the future.

Instead of turning away, he turned pain into action. Through his work, he helped build a recycling company that processed over 10,000 tons of plastic and supported tree-planting efforts that have already reached more than 500,000 trees. His story reflects the broader idea of sustainability leadership, which is commonly framed as the integration of environmental, social, and economic responsibility into real-world decision-making.

What makes Cannon’s perspective especially compelling is the way he challenges common misconceptions. He argues that sustainability is too often boxed into environmental language alone, when in reality it applies to every sector—fashion, construction, energy, transportation, manufacturing, and beyond. This broader understanding aligns with current sustainability leadership thinking, which emphasizes systems, collaboration, and long-term value creation across sectors.

Profit should never come at the expense of people or the planet.

That belief is central to everything Cannon describes. For him, sustainability is not anti-business. It is about designing business, innovation, and progress in a way that does not leave harm behind for future generations. A solution that helps today but creates a deeper problem tomorrow, he argues, is not truly a solution at all.

This is also the thinking behind the Global Sustainability Summit and Awards in London, where Cannon brings together leaders from government, business, and civil society to share ideas, showcase innovation, and inspire action. Cross-sector collaboration is widely recognized as a core part of effective sustainability work, especially when the goal is cultural and systemic change rather than isolated projects.

The power of Cannon’s message lies in its accessibility. He is not calling only on policymakers or executives. He is speaking to creators, founders, farmers, designers, builders, and everyday professionals—anyone who has influence over materials, waste, systems, sourcing, or the choices that shape modern life.

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By the end of the conversation, one image lingers: the idea that one person is a drop of water, but many drops together can become a wave. That is the future Otto Cannon is working toward—not a movement powered by one voice, but one built by millions who decide that sustainability is not optional, but necessary.

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GLOBAL SUSTAINABILITY SUMMIT RETURNS FOR ITS 5TH EDITION AT THE BRITISH PARLIAMENT – HOUSE OF LORDS, PALACE OF WESTMINSTER

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FOR IMMEDIATE RELEASE

Theme: “People, Planet, and Profit in the Age of AI and Innovation”

London, United Kingdom — The Global Sustainability Summit (GSS) is officially back for its landmark 5th Edition, continuing its legacy as one of the leading international platforms driving sustainable development, climate action, ethical investment, innovation, and global collaboration.

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Convened annually at the prestigious British Parliament, House of Lords, Palace of Westminster, by Ambassador Canon Chinenem Otto, the Summit has, over the last four years, successfully fostered international dialogue and partnerships that have contributed to the advancement of global sustainability goals, the establishment of sustainability-focused ministries, departments and policy structures across national and subnational governments, and the attraction of major investors into sustainable development projects, corporations and emerging economies.

This year’s summit, themed “People, Planet, and Profit in the Age of AI and Innovation,” will explore how emerging technologies, responsible leadership, sustainable finance, innovation, and global partnerships can shape a more inclusive, resilient and environmentally conscious future.

The 5th Edition promises to be the most impactful yet, bringing together world leaders, policymakers, diplomats, investors, academics, innovators, climate experts and youth leaders from across the globe to discuss actionable solutions toward achieving a sustainable and equitable future.

Among the distinguished speakers, delegates and honorees already lined up for the Summit are:

• His Excellency Mallam AbdulRahman AbdulRazaq — Executive Governor of Kwara State, Nigeria and Chairman of the Nigeria Governors’ Forum

• His Excellency Senator Prince Bassey Otu — Executive Governor of Cross River State, Nigeria

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• Ambassador Patricia Espinosa Cantellano — Former Executive Secretary of UN Climate Change (UNFCCC) and Former Foreign Minister of Mexico

• Lord Marvin Rees, Baron Rees of Easton OBE — Member of the House of Lords, United Kingdom

• Hon. Neema K. Lugangira — Secretary-General of Women Political Leaders (WPL), Brussels and Former Member of Parliament

• Her Excellency Dr. Netumbo Nandi-Ndaitwah — President of the Republic of Namibia

• His Excellency Nangolo Mbumba — Former President of Namibia

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• Former President of Tanzania

• Her Excellency Ambassador Professor Olufolake AbdulRazaq — First Lady of Kwara State, Nigeria and Chairperson of Nigeria Governors’ Spouses Forum

• Your Excellency Dr. Dikko Umar Radda, PhD, CON — Executive Governor of Katsina State and Chairman of the Northwest Governors Forum, Nigeria

• Hon. Sam Shafiishuna Nujoma — Governor of Khomas Region, Namibia

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• H.E. Mr. Veiccoh Nghiwete — High Commissioner of the Republic of Namibia to the United Kingdom

• Her Excellency Ms. Macenje “Che Che” Mazoka — High Commissioner of Zambia to the United Kingdom

• Ms. Danielle Newman — Partner Lead, ICT, World Economic Forum

• Leanne Elliott Young — Co-founder, Institute of Digital Fashion & CommuneEast

• Ms. Chloe Russell — Producer & Presenter, Art, Science and Nature

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• Professor Marie-Claire Cordonier Segger — University of Cambridge & University of Waterloo

• Dr. Alexandra R. Harrington — IUCN World Commission on Environmental Law (WCEL)

• Professor Payam Akhavan — Massey College, University of Toronto

• Mr. Mallai C. E. Sathya — President, Dravida Vetri Kazhagam and International Movement for Tamil Culture Asia

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The Summit will feature high-level panel discussions, strategic investment conversations, sustainability awards, policy dialogues, innovation showcases, youth engagement sessions and international networking opportunities focused on climate resilience, ethical financing, food-water-energy sustainability, circular economy, artificial intelligence, diplomacy and sustainable development.

Speaking ahead of the Summit, Convener Ambassador Canon Chinenem Otto noted:

“As the world rapidly evolves through artificial intelligence and technological innovation, we must ensure that sustainability remains people-centered, environmentally responsible and economically inclusive. The Global Sustainability Summit continues to serve as a bridge connecting governments, institutions, innovators and investors to accelerate practical sustainability solutions globally. Our fifth edition is not only a celebration of progress made over the years, but also a renewed call for global collaboration and actionable impact toward achieving the Sustainable Development Goals and Net Zero ambitions.”

The Global Sustainability Summit continues to position itself as a catalyst for transformative partnerships and sustainable global progress, reinforcing the urgent need for collective action toward a more resilient and sustainable future.

More announcements regarding additional speakers, partners and summit activities will be unveiled in the coming weeks.

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What the Michael Biopic Means for Every Indie Filmmaker

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The Michael Jackson biopic Michael is more than celebrity drama; it is a real-time lesson in how legal decisions can quietly rewrite a story that millions of people will see. You do not need a $200M budget for the same forces—contracts, settlements, and rights issues—to shape or even erase key parts of your own work.

“The Michael Jackson Movie Is A HUGE HIT!” by Adam Does Movies, CC BY, via YouTube.

What Happened to Michael

The film Michael originally included a third act that addressed the 1993 child sexual abuse allegations and their impact on Jackson’s life and career. Trade reports say this version showed investigators at Neverland Ranch and dramatized the scandal as a turning point in the story. After cameras rolled, lawyers for the Jackson estate realized there was a clause in the settlement with accuser Jordan Chandler that barred any depiction or mention of him in a movie.

Because of that old agreement, the filmmakers had to remove all references to Chandler and rework the ending so the story stopped years earlier, in the late 1980s at Jackson’s commercial peak.

According to reporting, this meant roughly 22 days of reshoots, costing around 10–15 million dollars and pushing the total budget over 200 million.

Meanwhile, actress Kat Graham confirmed her portrayal of Diana Ross was cut for “legal considerations,” showing how likeness and approval issues can wipe out an entire character even after filming.

For audiences, the result is a movie that intentionally avoids one of the most controversial chapters of Jackson’s life, which some critics argue makes the portrait feel incomplete or selectively curated.

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The Hidden Power of Contracts and Rights

The key detail in the Michael story is that a contract signed decades ago could dictate what present-day filmmakers are allowed to show. That settlement clause did not just affect the people who signed it; it effectively controlled the narrative of a big-budget film made years later. This is how legal documents become invisible co-authors: they quietly set boundaries around what your story can and cannot include.

Creators face similar invisible lines with:

  • Life-rights and defamation: If you dramatize real people, especially in a negative light, they can claim defamation or invasion of privacy if your portrayal is inaccurate or harmful.
  • Copyright and trademarks: Unlicensed music, clips, logos, or artwork can trigger copyright or trademark claims that block distribution or force expensive changes.
  • Distribution contracts: Some deals give distributors the right to re-edit, retitle, or repackage your work without your approval unless you negotiate otherwise.

Legal commentary warns that fictionalizing real events and people carries heightened risk because audiences tend to connect your dramatization back to actual individuals. That risk does not disappear just because you are “small” or “indie”; impact, not audience size, usually determines exposure.


Why This Matters for Indie Filmmakers and Creators

Independent filmmakers often choose the indie route precisely to maintain creative control, but they can face more risk if they skip legal planning. Common problems include unclear ownership of the script, missing music licenses, handshake agreements with collaborators, and no written permission to use locations or people’s likenesses. These are the kinds of issues that can derail distribution, block a streaming deal, or force last-minute cuts that fundamentally change your story.

Legal guides for indie filmmakers consistently emphasize a few realities:

  • You do not fully “own” your film unless you have clear contracts for writing, directing, producing, and underlying rights.
  • Unregistered or unlicensed creative elements (like music and logos) can make your project uninsurable or unattractive to distributors.
  • Fixing legal problems after the fact is almost always more expensive and limiting than planning for them at the beginning.

So when you watch Michael skip over certain events, you are seeing, in exaggerated form, the same forces that can shape an indie short, web series, documentary, or podcast episode.


You do not need a law degree, but you do need a basic legal strategy for your creative work. Here are practical steps drawn from entertainment-law and indie-film resources:

  1. Clarify who owns the story
    • Use written agreements with co-writers, directors, and producers that state who owns the script and finished film.
    • If your work is based on a real person or memoir, secure life-rights or written permission where appropriate, especially if the portrayal is sensitive.
  2. Be intentional with real people and events
    • When telling true or inspired-by-true stories, avoid making specific, negative claims about identifiable people unless they are well-documented and legally vetted.
    • Change names, details, and circumstances enough that the person is not clearly identifiable if you do not have their cooperation.
  3. Lock down music and visuals
    • Use original scores, licensed tracks, or reputable libraries; never assume you can keep a song just because it is in a rough cut.
    • Clear artwork, logos, and recognizable brands, or replace them with generic or custom-designed alternatives.
HCFF
HCFF
  1. Protect yourself in contracts
    • When signing any distribution or platform deal, read the clauses about editing, retitling, and marketing carefully; ask for limits or at least consultation rights.
    • Include terms that let you reclaim rights if a partner fails to release the work, goes dark, or breaches key promises.
  2. Document everything
    • Keep organized copies of releases, licenses, and contracts; these documents are part of your project’s value and proof of your rights.
    • Register your work where applicable (for example, copyright), which strengthens your ability to enforce your rights if someone copies you.

Education-focused legal resources repeatedly stress that preventative steps—basic contracts, clear permissions, and simple registrations—are far cheaper than dealing with takedowns, lawsuits, or forced rewrites later.


The Big Takeaway: Story and Law Are Connected

The Michael biopic illustrates what happens when legal obligations and creative vision collide: whole characters disappear, endings are rewritten, and the public only sees a version of the story that fits within old contracts.

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As an indie filmmaker, writer, or content creator, you may not have millions at stake, but you do have something just as valuable—your voice and your ability to tell the story you meant to tell.

Understanding the legal dimensions of your work is not a distraction from creativity; it is a way of protecting it. When you know where the legal boundaries are, you can design stories that are bold, truthful, and still safe enough to reach the audiences they deserve.

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