General World News

Biden’s SEC doesn’t want to let companies hide their terrible diversity records anymore

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Summary List Placement Corporate America’s diversity problem could soon become clearer than ever. The Securities and Exchange Commission is mulling rule changes that would require public companies to reveal more information about their employees, SEC Chair Gary Gensler said in a Wednesday Twitter thread. The rules could force the disclosure of workforce turnover, skills training, […]

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The 24 best business books, according to Goodreads members

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  Summary List Placement Business books are nonfiction reads about anything from management philosophies to financial tactics that can be useful for aspiring entrepreneurs or business leaders.  On Goodreads, members rate and review their favorite books but also get to vote on their genres, which means some influential financial or psychology reads are also tagged […]

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The Choctaw Nation is giving its members $2,000 apiece in universal basic income from stimulus funds. Other tribes are trying similar things.

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Summary List Placement Across a handful of Native American tribes, stimulus checks are still rolling in. The Choctaw Nation announced last week it will use funding from the American Rescue Plan to send additional relief payments, essentially a fourth stimulus check for its members. The Choctaw Nation isn’t the only tribe to send a fourth round […]

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Biden’s $3.5 trillion economic plans could see big cuts as moderate Sen. Kyrsten Sinema doubles down in opposition to cost

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Summary List Placement Sen. Kyrsten Sinema of Arizona is doubling down in her opposition to the $3.5 trillion price tag of a party-line spending plan Democrats are assembling to secure much of President Joe Biden’s economic agenda. It may compel Democrats to dramatically scale back their ambitions in order to get her support. This comes […]

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Jerome Powell needs to be bold and detail the Fed’s next steps at Jackson Hole for the sake of the economy, Mohamed El-Erian says

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Summary List Placement Famed economist Mohamed El-Erian wrote in a Financial Times op-ed that the upcoming Jackson Hole event is a valuable opportunity for Federal Reserve chairman Jerome Powell to be bold and regain the policy narrative. “The longer Powell waits to detail his own thinking, the greater the challenges to maintaining Fed unity, and […]

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I founded a $500 million company and always paid myself last. The astronomical pay gap driven by CEOs like Jeff Bezos is giving capitalism a bad rap.

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Summary List Placement When the moon landing happened in July 1969, I was glued to my TV screen like everyone else. Who would have dreamt that 52 years later, Americans’ attention would be focused on two spoiled CEOs taking 10-minute joyrides into the upper atmosphere and returning to Earth to congratulate themselves? And wearing cowboy […]

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Afghanistan Flag to Be Displayed in Paralympic Ceremony

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The Afghanistan flag will be displayed in Tuesday’s opening ceremony of the Paralympics even though the country’s athletes were not able to get to Tokyo to compete. Andrew Parsons, the president of the International Paralympic Committee, said Monday it will be done as a “sign of solidarity.” Parsons said a representative of the Office of […]

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A grocery chain says it’s receiving just 40% of the items it orders from suppliers, and is making its own version of Lunchables because it can’t get hold of the real thing

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Summary List Placement The CEO of a Southern supermarket chain says he’s struggling to keep shelves full during a supply shortage, and that his company has resorted to creating its own version of Lunchables, Kraft Heinz’s miniature cracker, cheese, and meat selection. Donny Rouse, who runs Rouses Markets, told The Wall Street Journal that sometimes the […]

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How a noncompete ban would impact the mortgage industry

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On July 9, President Joe Biden ordered the Federal Trade Commission to fully ban or limit an employer’s use of noncompetes. If such a rule is implemented, industry veterans and labor attorneys say it could change how the mortgage industry recruits and retains talent over the next decade and beyond. Should the Biden administration make […]

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2 Chick-fil-A restaurants in Alabama have closed their dining rooms because they can’t find enough staff. One called it a ‘hiring crisis.’

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Summary List Placement Two Chick-fil-A restaurants in Alabama are shutting their dining rooms because of the US labor shortage, Fox News first reported. The restaurants in McCalla and Madison, which will continue serving food via collection and delivery, both said that they wanted to reopen their dining rooms, but didn’t have a date for when […]

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Don Everly of Rock ‘n’ Roll Everly Brothers Dies at 84

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Don Everly, one-half of the pioneering Everly Brothers whose harmonizing country rock hits impacted a generation of rock ‘n’ roll music, has died. He was 84. Everly died at his home in Nashville, Tennessee, on Saturday, according to his attorney and family spokesperson Linda Edell Howard. His brother, Phil Everly, died in January 2014 at […]

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Four states dole out direct payments to residents as fourth stimulus check remains unlikely

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Summary List Placement Americans are increasingly calling for more stimulus money as the coronavirus pandemic drags on. Some states are responding on their own as the prospect of Washington approving a fourth-round of checks seems more and more unlikely.   So far, there have been three rounds of stimulus checks. Eligible Americans received $1,400 stimulus checks in March. […]

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Northeastern US ports shut down ahead of Tropical Storm Henri’s arrival, threatening to further snarl shipping supply chains

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Summary List Placement Ports in southeastern New England have been shut down by the US Coast Guard ahead of the pummeling winds and heavy rain that will slam the region as Tropical Storm Henri moves through on Sunday. The ports of Narragansett Bay, Mount Hope Bay, Buzzards Bay, Cape Cod Bay, Vineyard Sound, and Nantucket […]

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Wall Street just heard a record scratch — and it could be a sign that the party in the stock market is shutting down

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Summary List Placement Wall Street just heard a record scratch — loud, noxious and impossible to ignore.  Since 2019 investors have been clamoring for Special Purpose Acquisition Companies (SPACs), but a combination of legal issues, regulatory scrutiny, and abysmal performance has made it impossible to ignore what has always been true of these formerly forgotten […]

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‘Murdered by the student-loan industry’: 2 borrowers describe the crushing interest that keeps them from paying off their debt

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Summary List Placement Alexandria Mavin heard from her high-school teachers that there was a path to the American Dream. If she went to college, graduated, and got an office job, she would get there. She graduated with $117,000 in student debt as a down payment for that dream. Now 32 years old and a property manager, she’s paid back $70,000 […]

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Tokyo Paralympics to Open Under Shadow of Pandemic

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The Tokyo Paralympics open Tuesday after a year-long pandemic delay and with the virus continuing to cast a long shadow as Japan battles a record surge in cases.  As at the Olympics, the event will be marked by strict virus rules, with almost all spectators banned and tough restrictions on athletes and other participants.    While […]

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Treasury Secretary Janet Yellen will reportedly back Jerome Powell for another term as Fed Chair

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Summary List Placement Treasury Secretary and former Chair of the Federal Reserve Janet Yellen will support another term for her successor Jerome Powell as head of the US central bank, according to a report from Bloomberg on Saturday. Yellen made such comments to senior White House advisors, Bloomberg reported, citing people familiar with the matter. […]

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The labor shortage has created a ‘bidding war’ for staff as restaurants that are desperate for workers hike wages, says a burger chain owner

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Summary List Placement The huge shortage of restaurant workers has led to a “bidding war” for staff that’s driving wages up across the industry, the owner of a burger chain said. “Your restaurant neighbor next door might offer $1 more, then you go back and offer $1 more over that to just retain your people,” […]

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A customer left a $10,000 tip for staff at a Florida restaurant to say thanks to them for showing up and working through the pandemic

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Summary List Placement A diner left a $10,000 tip at a seafood restaurant in Gainesville, northern Florida, CBS4 first reported. Shawn Shepherd, the owner of Wahoo Seafood, told Newsweek that the diner asked to see the 10 members of restaurant staff that were working during his visit on Tuesday. “He said he appreciated that they […]

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Paint is a gateway drug: New millennial homeowners have gotten their feet wet with DIY and are turning to pros for bigger projects (HD, LOW)

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Summary List Placement As many Millennials are wont to do when embarking on a project for the first time, Alex Strunce and Hayley Swanson turn to YouTube. But when it comes to renovations on the mid-century ranch house the couple bought this summer in Madison, Wisconsin, things are not always as easy as they seem […]

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Vaccine mandates could make staff quit, says one exec who wants workers to get their shots but fears a mandate is too risky during the labor shortage

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Summary List Placement Pressure on companies to introduce vaccine mandates is mounting amid the spread of the Delta variant. Staff at tech giants Uber, Google, and Facebook need to be vaccinated before they can return to the office, while Houston Methodist Hospital hit the headlines in late March after it became one of the first […]

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California judge rules Prop 22 unconstitutional, dealing blow to gig worker initiative backed by Uber and Lyft

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Summary List Placement In a huge setback for Uber, Lyft, and DoorDash, Alameda County Superior Court Judge Frank Roesch ruled Friday that Proposition 22, a measure that allowed gig companies to classify their app-based drivers as independent contractors rather than employees, is unconstitutional. In a lawsuit filed by the Service Employees International Union, Roesch ruled […]

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Over 1,000 Nabisco bakery workers are on strike over 12-hour shifts: ‘We’re prepared to be out there for as long as it takes’

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Summary List Placement Over 1,000 workers at Nabisco bakeries across the US are on strike.  Nabisco workers — who are unionized with the Bakery, Confectionery, Tobacco Workers, and Grain Millers International Union (BCTGM) — began striking over what they say are contract issues with Mondelez International, Nabisco’s parent company. They’re currently in the process of […]

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Minority borrowers struggled in 2020: HMDA

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The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. According to the report, comprised of data provided by […]

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Housing sector dominates Inc. 5000

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Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners….). But hey, growth equity firms and potential acquirers blowing up your cell phone is certainly not the worst thing in the world.  The […]

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Sex workers who earn thousands on OnlyFans say it’s unclear how the company will enforce its ‘disgusting’ porn ban — and some may leave the platform because of it

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Summary List Placement In the past six months, Cheslea Lynn says she made over $200,000 from OnlyFans. The platform took 20% of her earnings, or nearly $42,000, she said.  On Thursday, Lynn found out from a news article that OnlyFans would be banning porn.  OnlyFans said in a statement to Insider it will prohibit users […]

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Entrepreneur Tyra Myricks shares 6 rules from the book ‘The 48 Laws of Power’ that have helped her achieve a 7-figure income

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  Summary List Placement When you think of side hustle success stories, you should picture Tyra Myricks. Myricks, daughter of legendary DJ Jam Master Jay from the group Run-D.M.C, is 28 years old and makes about seven figures annually. For her day job, Myricks is the director of design, merchandising, and development for Drake’s OVO […]

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Florida’s education department warns school districts: Follow DeSantis’ ban on mask mandates within 48 hours or get fined

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Summary List Placement The Florida Department of Education said Friday that it will fine school districts that don’t comply with Governor DeSantis’ ban on mask mandates within 48 hours.  Both Broward and Alachua counties imposed a mask mandate for their schools, in defiance of the governor’s ban. The state is giving both counties 48 hours […]

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U.S. Department of Education Grants Interest Rate Benefit to More Than 47,000 Service Members

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Today, the U.S. Department of Education announced that the office of Federal Student Aid (FSA) has retroactively waived interest on loans held by more than 47,000 current and former active-duty service members. This action was made possible by a data-matching agreement with the U.S. Department of Defense (DOD) that substantially improves access to a student […]