General World News

U.S. Department of Education Posts State Plans for Use of American Rescue Plan Funds to Support Students and the Safe and Sustained Reopening of Schools

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Today, the U.S. Department of Education (Department) posted 28 plans submitted by State Education Agencies (SEAs) describing how states plan to use American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) funds to support schools, students and educators. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. […]

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Home Depot has contracted its own container ship, trying to sidestep a global shipping crisis that threatens to disrupt holiday orders

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Summary List Placement Home Depot, hoping to sidestep a global shipping crisis, has contracted its own ship to transport its goods. The home-improvement store is one of many retailers grappling with shipping delays and rising costs caused by supply-chain problems. According to data from the Journal of Commerce, cited by CNBC, Home Depot is the […]

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COVID-19 Threatens Cambodian Dance Troupe’s Sacred Identity

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For 14 years, a Khmer classical dance troupe in northern Cambodia has distinguished itself with its embrace of spirituality. But the impact of the coronavirus pandemic may end the troupe’s livelihood and spiritual identity, as VOA’s Chetra Chap reports. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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American Actor Ned Beatty Dies at 83

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Ned Beatty, the indelible character actor whose first film role as a genial vacationer raped by a backwoodsman in 1972’s “Deliverance” launched him on a long, prolific and accomplished career, has died. He was 83. Beatty’s manager, Deborah Miller, said Beatty died Sunday of natural causes at his home in Los Angeles surrounded by friends […]

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Djokovic Wins French Open, Clinching 19th Grand Slam

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Serbian tennis star Novak Djokovic defeated Greece’s Stefanos Tsitsipas Sunday in the French Open final, clinching his 19th Grand Slam win 6-7, 2-6, 6-3, 6-2, 6-4.   “I want to thank my team, my box, my family, my coach,” Djokovic said after his win, acknowledging that while the game was “physically and mentally very difficult” […]

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There’s a simple solution for the labor shortage: raising the minimum wage, a former Obama economist says

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Summary List Placement Everywhere you look in the economy, there seems to be a shortage. The important things missing from shelves can be explained by factors like backed-up supply chains and a shipping crisis. But another shortage that’s emerged — with increasing prominence as America’s recovery continues its long and winding path — is labor. […]

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The Fed says inflation is transitory, but these 10 companies have already said they’ll pass along rising costs to customers (PG, KO, CPB, SJM, SWK, WHR, KMB, HON, CLX, REYN)

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Summary List Placement The Labor Department released its monthly Consumer Price Index (CPI) data on Thursday, revealing a 5% jump in headline consumer prices year-over-year in May, the fastest pace of increase since August 2008. That came in above the consensus economist estimate of 4.7%. Core CPI, which excludes volatile food and energy prices, rose […]

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From $2,000 sign-on bonuses to free hotel rooms and even iPhones, companies like McDonald’s, Amazon, and JBS are finding creative ways to lure in new hires amid the labor shortage

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Summary List Placement As the labor shortage continues to hit industries from education and healthcare to hospitality and ride-hailing apps, companies across the US are scrambling to find perks to attract new hires. Some are offering free accommodation and college tuition to staff, while others are hiking up wages. Some are even giving rewards like free food and a $50 […]

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Trip to Space with Jeff Bezos Sells for $28 Million

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A mystery bidder paid $28 million at auction Saturday for a seat alongside Jeff Bezos on board the first crewed spaceflight of the billionaire’s company Blue Origin next month. The Amazon founder revealed this week that both he and his brother Mark would take seats on board the company’s New Shepard launch vehicle on July […]

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Some Senate Democrats say they will oppose infrastructure deal with GOP if climate measures are dropped, potentially derailing package

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Summary List Placement A group of Senate Democrats are ratcheting up their criticism of ongoing infrastructure negotiations with Republicans — and a few are warning they would derail a deal that omits climate change measures. At least six Democratic senators have publicly raised concern that a bill negotiated with Republicans would produce a watered-down package […]

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Four states cut off federal unemployment benefits Saturday — and the White House is very unlikely to step in to prevent the loss of stimulus aid

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Summary List Placement For nearly 340,000 workers on Saturday, a steady flow of federal assistance will abruptly end. Mississippi, Missouri, Alaska, and Iowa are the first four Republican-led states to scrap their federal unemployment insurance programs. They include the $300 federal supplement to unemployment checks, along with a pair of federal programs that expanded government […]

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You pay a higher percentage of your net worth in taxes than most billionaires do. This Danish millionaire wants that to change.

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Summary List Placement Earlier this week, ProPublica published a stunning exclusive report documenting how billionaires like Elon Musk, Michael Bloomberg, and Jeff Bezos pay very little — sometimes even nothing — in income taxes.  Based on a cache of confidential IRS documents, the ProPublica report found that the nation’s 25 richest Americans “saw their worth […]

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Expiring unemployment benefits will boost job growth by over 150,000 in July and over 400,000 in September, Goldman says

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Summary List Placement Following an April jobs report that fell significantly short of expectations, 25 GOP-led states announced they would be ending unemployment benefits early to incentivize people to get back to work. Both Bank of America and Goldman Sachs partially agreed that doing so will ease the labor shortage, with Goldman projecting a resultant […]

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The exodus of the ultra-rich to tax havens like Texas and Florida is accelerating — but people may still end up paying more tax than you’d expect

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Summary List Placement People have been fleeing high-tax states like New York and California during the pandemic, leading to reports of an “exodus” to Florida and Texas — but people moving to avoid paying rates need to watch out for other surprise taxes, a tax advisor has said. Though Florida and Texas have no personal-income […]

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In US, Pride Month Festivities Muted by Political Setbacks

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It’s Pride Month, and gay Americans should have a lot to celebrate: A new president who has pledged to advocate for LGBTQ people, an easing of a pandemic that has disrupted their communal activism, and increasing public acceptance of their basic rights, including record-high support for same-sex marriage.  Instead, the mood is somewhat bleak. Congress […]

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Lumber prices fall for the 8th straight day to near $1,000 per thousand board feet for the first time since March (WFG, RFP, CFPZF)

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Summary List Placement Lumber prices fell for the eighth straight day on Friday to near $1,000 per thousand board feet for the first time since March in a reprieve for ailing homebuilders and renovators. Lumber futures fell 5.61% to trade at $1,059.20 per thousand board feet on Friday.  Rising lumber prices in 2021 have hit […]

General World News

Lumber prices fall for the 8th straight day to near $1,000 per thousand board feet for the first time since March (WFG, RFP, CFPZF)

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Summary List Placement Lumber prices fell for the eighth straight day on Friday to near $1,000 per thousand board feet for the first time since March in a reprieve for ailing homebuilders and renovators. Lumber futures fell 5.61% to trade at $1,059.20 per thousand board feet on Friday.  Rising lumber prices in 2021 have hit […]

General World News

Why the world is in a shipping crisis

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Summary List Placement The price for a shipping container is looking a lot like a meme stock. The surge in shipping costs points to our shortage of semiconductors, lumber, chicken, chlorine, and, really, “just about everything.” The pandemic broke the supply chain last year, and the shipping companies that move stuff all over the world still […]

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How the wealthy hanging onto their money actually makes everyone else poorer, according to a new study

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Summary List Placement The wealthy sitting on their savings may be helping finance the debts of poorer Americans and therefore play a role in rising inequality, according to the Chicago Booth Review.  Researchers Amir Sufi, Ludwig Straub, and Atif Mian looked at the growing savings of America’s wealthiest residents, and found it isn’t going into […]

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California’s top education official helped an exclusive private boarding school in China aimed at getting the children of elite families into American universities

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Summary List Placement An Insider investigation has found that some of California’s highest-ranking education officials and leading public universities worked closely with a businessman named Steven Ma to help set up an exclusive private boarding school in Qingdao, China, called Pegasus California School. The school, which cost roughly $34,ooo per year, purported to be a […]

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Hong Kong Censors to Vet Films for National Security Breaches

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Hong Kong censors are to vet all films for national security breaches under expanded powers announced on Friday, in the latest blow to the financial hub’s political and artistic freedoms. Authorities in semi-autonomous Hong Kong have embarked on a sweeping crackdown to root out Beijing’s critics after huge and often violent democracy protests convulsed the […]

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Google Pledges to Resolve Ad Privacy Probe with UK Watchdog

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Google has promised to give U.K. regulators a role overseeing its plan to phase out existing ad-tracking technology from its Chrome browser as part of a competition investigation into the tech giant.      The U.K. competition watchdog has been investigating Google’s proposals to remove so-called third-party cookies over concerns they would undermine digital ad competition […]

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Criminal Organizations Hire Hackers to Look for Targets

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Ransomware cases are on the rise worldwide and criminal groups based in Russia are suspected of being behind some of the biggest recent attacks. Michelle Quinn reports on the changing world of ransomware. Camera: Matt Dibble Produced by: Michelle Quinn details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

General World News

Hire a Hacker: Criminal Organizations Work with Hackers to Look for Targets, Collect Ransom Proceeds

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Ransomware cases are on the rise worldwide and criminal groups based in Russia are suspected of being behind some of the biggest recent attacks. Michelle Quinn reports on the changing world of ransomware. Camera: Matt Dibble Produced by: Michelle Quinn details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Bipartisan Senate group strike early $1.2 trillion infrastructure agreement as Democrats grow impatient

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Summary List Placement A bipartisan group of senators announced on Thursday evening that they had struck an early infrastructure deal, though it faces major political hurdles. The faction includes Republican Sens. Mitt Romney of Utah and Rob Portman of Ohio, as well as Democratic Sens. Joe Manchin of West Virginia, Kyrsten Sinema of Arizona, and […]

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Cyber Regulation Could Be Coming Following Spate of Hacks, Ransomware Attacks

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The United States may soon look to regulate private companies, mandating higher standards for cybersecurity following a series of damaging hacks and ransomware attacks against key firms and critical infrastructure. U.S. President Joe Biden’s nominees to fill two top cyber roles in his administration warned Thursday that malign actors are currently operating with impunity and […]

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20 perfect gifts for people who love learning new things, from Anthony Bourdain’s travel book to a 3-month MasterClass subscription

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  Summary List Placement Shopping for gifts is easy when you know someone has a penchant for puns or desperately needs a new suitcase. It’s a little more challenging when the recipient is generally less into material goods and seems more thrilled by educational gifts like books or experiential presents like classes. Luckily, there are […]

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As the White House lauds falling unemployment claims, a former Obama economist says benefits must stay in place to ensure a full recovery

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Summary List Placement Thursday brought two big numbers for the American economy: Another significant rise in inflation, and the lowest level of weekly jobless claims since the onset of the pandemic. They show the paradox that is the current economic recovery. Goods are still getting pricier — although inflation shows signs of cooling down soon […]

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Mortgage lenders loosened credit standards in May

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Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9 in May. A decline in the […]

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US Again Condemns Nigeria’s Twitter Ban 

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The U.S. has condemned Nigeria’s continuing ban of Twitter in the country, saying the action “has no place in a democracy.” “Freedom of expression and access to information both online and offline are foundational to prosperous and secure democratic societies,” State Department spokesperson Ned Price said Thursday in a statement calling for the African nation […]

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11 free online courses you can take from the University of Washington, one of the top 10 schools in the world

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  Summary List Placement The University of Washington, ranked the 8th best school in the world according to US News, offers free courses online.  Like other top schools in the world — including Harvard, Princeton, Yale, the University of Pennsylvania, Columbia, and Cornell — UWash has made a handful of massive open online courses (MOOCs) […]

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How an accused “huckster” and California’s education czar sold America’s public school system — and an inside track to the University of California — to the Chinese elite

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Forty-five miles east of Irvine, and 12 miles from Val Verde Unified, UC Riverside also forged close ties with the Chinese high school. The university is ranked 88th in the US, according to US News and World Report, ahead of UC campuses like UC Santa Cruz and UC Merced, but behind UCLA, Berkeley, Santa Barbara, […]

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21 amazing books starring transgender and non-binary characters

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  Summary List Placement Representation in literature is important: books are an insight into understanding the lives, experiences, and emotions of others. Novels that embrace and celebrate differences in gender help us better understand ourselves and each other. And while literature has only recently expanded to include more non-binary and transgender characters, these new stories […]

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Fannie Mae gives go-ahead for digital verification

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Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Unsurprisingly, mortgage tech firms are thrilled. In a June 9 note, the government-sponsored entity told mortgage servicers they could implement the changes immediately. Servicers can use a third-party vendor to verify the information that the […]