The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown," says CNBC's Jim Cramer.Investingread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
While half the battle of a successful career is showing up, for Joaquín García, not going to work was actually more lucrative. Only when the 69-year-old Spanish civil servant was expected to receive an award for two decades of loyal service did anyone notice that he had not gone to work for at least six years, according to a report by The Guardian.
García was employed as an engineer by the municipal water board in Cádiz, Spain, where his job was to supervise a waste water treatment plan.
"He was still on the payroll," said the deputy mayor who had hired him, Jorge Blas Fernández, to The Guardian. "I thought, where is this man? Is he still there? Has he retired? Has he died?"
After the former manager of the water board, whose office was across from García, told Fernández he had not seen his employee for several years, the deputy mayor decided to question García and called him in.
"I asked him: What are you doing?" Fernández said. "What did you do yesterday? And the previous month? He could not answer."
A court this week finally slapped García with a fine of €27,000 ($30,000), the most his former employer could legally reclaim, after finding that the engineer did not occupy his office for at least six years and had done no work between 2007 and 2010.
In his defense, García told the court that he had gone to the office, although he did concede he may not have kept a regular schedule. He also added that he was the victim of workplace bullying because of his family's socialist politics.
Still, García supposedly made the most of the confusion and became an avid reader of philosophy during his time away from work. The Spanish media even dubbed Garcia "el funcionario fantasma" (the phantom official) due to his elusiveness, a title that is now ill-fitting thanks to the significant media attention he has recently received for his attendance record.
Read the full report here.