General World News

UWM goes on the offensive with price-match guarantee

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United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match any conventional loan on primary […]

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New York Film Industry Booming Despite COVID Pandemic

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As New York COVID restrictions ease, Broadway is hoping to draw people back to the theater while the movie industry is expanding its footprint in the Big Apple. Evgeny Maslov has the story, narrated by Anna Rice. Camera: Michael Eckels, VOA & News agencies   details ⇒ BusinessMediaguide.Com portal received this content from this noted […]

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Children as young as 5 years old are being handcuffed and removed from New York’s schools by the police

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Summary List Placement The number of police interventions in New York City public schools has risen with Black students and students with severe disabilities disproportionally removed from classrooms, a new report has uncovered. The report, which was published this week by Advocates for Children of New York (AFC), an education nonprofit organization, analyzed 12,000 incidents […]

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G7 leaders reach ‘historic’ agreement to crack down on tech giants by forcing Amazon, Facebook, and others to pay more tax

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Summary List Placement Finance ministers for some of the world’s wealthiest nations have reached a “historic agreement” to tackle tax abuses by internet giants and to introduce a global minimum corporate tax rate of 15 percent. “I am delighted to announce that today after years of discussion G7 finance ministers have reached a historic agreement […]

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25 states are moving to end unemployment benefits. 15 of them have lower than average vaccination rates.

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Summary List Placement Half of all states in America are ending their participation in federal unemployment benefits early, leaving millions of workers with greatly reduced benefits — or no benefits at all.  Twenty-three of these states are still below pre-pandemic employment, while 15 have lower than average vaccination rates. That means that workers being pushed […]

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How big-city suburbs won the 2020 migration boom

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Summary List Placement 2020 was the year urbanites took flight. But many of them didn’t go very far. The pandemic’s great migration boom mostly consisted of urban dwellers leaving big cities for its directly outlying suburbs, according to a recent Jefferies note that analyzed the latest USPS data. “Large central metro” areas like New York […]

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A 5th-grade student gave a first-person speech dressed as Hitler. The teacher and school’s principal are now on administrative leave.

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Summary List Placement Two staff members have been placed on administrative leave after a fifth-grade student at a New Jersey elementary school gave a first-person speech as Adolf Hitler to his class, according to a statement by Tenafly Public Schools Superintendent Shauna C. DeMarco. The student at Maugham Elementary School dressed as the Nazi dictator […]

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26 spectacular books that made it onto college summer reading lists this year at universities around the country

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  Summary List Placement Every summer, universities around the country release their recommended summer books and reading lists for incoming students.  This year, schools like Columbia, Duke, UC Berkeley, NYU, Northwestern, and more shared their 2021 reading lists online. They included books like “Caste: The Origins of Our Discontent,” “The Vanishing Half,” “The Alchemist,” “The […]

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Bill Dallas to speak at engage.marketing on June 17

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Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions, starting in 1981. In 2009, Dallas purchased Skyline Home Loans with Upfront Ventures and […]

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May’s job report shows hard-hit industries are still below pre-pandemic employment

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Summary List Placement Industries hit hard by the pandemic, including accommodation, museums, and performing arts, are still far below pre-pandemic employment. Nick Bunker, economic research director at Indeed, told Insider that some of the industries that have the highest percent declines from February 2020 employment to May 2021, are “industries that just aren’t going to […]

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Women’s employment is moving in the right direction, but it hasn’t turned a corner yet

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Summary List Placement Throughout the pandemic, the story of unemployment has been a roller coaster, taking myriad twists and turns. March’s jobs report brought new highs, and April brought disappointing lows. May’s jobs report falls somewhere in between, coming in below expectations but still showing acceleration as unemployment dipped. One group, however, has been disproportionately […]

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U.S Department of Education Releases COVID-19 Handbook Volume 3: Strategies for Safe Operation and Addressing the Impact of COVID-19 on Higher Education Students, Faculty, and Staff

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Today, the U.S. Department of Education (Department) released the COVID-19 Handbook Volume 3: Strategies for Safe Operation and Addressing the Impact of COVID-19 on Higher Education Students, Faculty, and Staff to provide additional strategies for higher education institutions (IHEs) and communities as they work to reopen for in-person instruction safely and equitably. details ⇒ BusinessMediaguide.Com portal received […]

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The GOP said enhanced unemployment benefits were stopping folks from taking jobs. The US saw sharp payroll growth last month anyway.

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Summary List Placement Republicans in 25 states are cutting enhanced unemployment benefits early under the argument that the additional measures discourage people from re-entering the workforce. But the May jobs report released on Friday, which saw 559,000 payrolls added — a sharp increase from April — and a bigger-than-expected drop in the unemployment rate, suggests […]

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Russian Player Arrested for Match-fixing at 2020 French Open

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A Russian tennis player suspected of match-fixing last year has been arrested during this year’s French Open, her lawyer told The Associated Press on Friday. The player, 765th-ranked Yana Sizikova of Russia, denied the allegations, according to her lawyer, Frederic Belot. He told The Associated Press that Sizikova wants to file a complaint for defamation. […]

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A ‘megadrought’ in California is expected to lead to water shortages for production of everything from avocados to almonds, and could cause prices to rise

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Summary List Placement A megadrought in California is threatening to push food prices even higher. The state is already facing its worst water shortage in four years and the its driest season has only just begun, according to data from the National Integrated Drought Information System (NIDIS).  As water levels continue to fall, farmers and […]

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House Democrats propose an additional $547 billion for roads and bridges as infrastructure stalemate continues

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Summary List Placement As President Joe Biden continues his effort to reach a bipartisan agreement on his infrastructure proposal, House Democrats have proposed additional funding for rebuilding the country’s physical infrastructure — an area Republicans have argued doesn’t have enough focus. On Friday, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio, Chair […]

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COVID-19 Spurs Shutdown of ‘Mission Impossible’ Set

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Paramount Pictures on Thursday temporarily shut down production on the British set of Tom Cruise’s seventh “Mission: Impossible” film after someone tested positive for coronavirus.   “We have temporarily halted production on ‘Mission: Impossible 7’ until June 14th, due to positive coronavirus test results during routine testing,” a Paramount spokesperson said in a statement. “We […]

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From Beatles to Elton John: Oldest DJ’s Storied Career

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Ray Cordeiro considers himself the luckiest radio DJ in the world.   In a storied career spanning over 70 years in Hong Kong, Cordeiro has interviewed superstars including the Beatles and Elton John, and even received an MBE — an order of the British empire for outstanding achievement or service to the community — from […]

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4 in 5 local pharmacies can’t find enough workers to deliver prescriptions and run the cash register, according to an industry report

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Summary List Placement Local pharmacies in the US are scrambling to find workers amid the labor shortage hitting industries, according to the country’s largest organization of independent pharmacy owners. Four in five pharmacies are struggling to recruit enough workers to deliver prescriptions, handle patients, and run the cash register, according to a report by the […]

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Ally Bank is eliminating overdraft fees, which disproportionately affect poor households and people of color (ALLY)

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Summary List Placement Ally Bank, the largest digital bank in the US, announced Wednesday that it would eliminate overdraft fees on all accounts. All Ally customers are eligible and “there are no requirements or restrictions,” the firm said in a press release.  “This is a significant advancement for consumers as we live out our mission […]

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COVID Silenced Istanbul’s Vibrant Music Scene, But Signs of Life Are Emerging 

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Turkey has had the highest number of COVID infections in Europe and has been in and out of lockdown for more than a year. Among those hardest hit have been the country’s musicians, who have received little or no government support. Dorian Jones reports from Turkey’s entertainment capital, Istanbul. Video editor:  Marcus Harton  details ⇒ BusinessMediaguide.Com portal received this content from this noted web […]

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Biden Administration Launches COVID-19 College Challenge to Get More Young People Vaccinated

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Today, the Department of Education announced more details on the COVID-19 College Challenge, where colleges and universities take a pledge and commit to taking action to get their college communities vaccinated. The COVID-19 College Challenge is part of the Biden Administration’s month of action in June encouraging Americans to get vaccinated and aims to accelerate […]

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Jen Psaki downplays the prospect of a 4th stimulus check, saying Biden has already proposed his best economic recovery plan

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Summary List Placement The White House downplayed the prospect of a fourth stimulus payment on Thursday, saying that President Joe Biden has already unveiled what he believes is his best possible economic recovery plan. “He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the […]

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Profit margin decline suggests mortgage bonanza is waning

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Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of 2020, according to a new report from the Mortgage Bankers Association. The average pre-tax […]

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Mortgage rates rise but stay sub-3%

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Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. “Home prices continue to accelerate while inventory remains low and new home construction cannot […]

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Businesses are struggling to find workers and experts are raising the alarm over a ‘labor shortage.’ But there are clear reasons to think the job crunch is only a short-term problem.

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Summary List Placement Until recently, enthusiasm was building in the economic recovery. But a series of dark clouds have come together all at once to darken the outlook for the US economy and they all point to one thing: inflation.  The most hotly debated topic is the question of the labor market. The weak April […]