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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
Gilets Jaunes

Paris Police Brace for Fifth Week of Violent Yellow Vest Protests

By
Erik Sherman
Erik Sherman
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By
Erik Sherman
Erik Sherman
Down Arrow Button Icon
December 14, 2018, 10:47 AM ET

Paris is girding for a fifth week of violent protests from the “gilets jaunes,” or yellow vests, protesting economic inequality.

This weekend, about 8,000 officers and more than a dozen armored vehicles will be guarding the city, the Associated Press reported.

“Last week, we pretty much handled the yellow vests but we also witnessed scenes of breakage and looting by criminals,” Michel Delpuech, police chief of Paris, told RTL radio.

To date, six protestors have died during demonstrations. So far, the actions have cost the city at least $1.1 billion in lost retail sales, according to the French retail federation.

The protesters’ name comes from wearing yellow safety vests, the garments French drivers are required to keep in their cars for emergencies. Their grievances have evolved, now centering on economic doldrums facing swaths of French. Initially, the protests erupted over a fuel tax, since withdrawn by French President Emmanuel Macron.

At one point, as protests seemed ready to subside, the Organization for Economic Cooperation and Development released a report showing that France had top tax rates among developed nations.

Early this week, Macron went on television and radio to acknowledge the anger of the Yellow Vests and said France faces “a state of social and economic emergency.” He announced an end to levies on overtime and urged companies to pay workers a year-end bonus that won’t be taxed. But that may have done little to calm people.

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By Erik Sherman
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