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President Joe Biden loves electric vehicles.
He wants half of all new US cars sold by 2030 to be EVs. He proposed a series of incentives to help make that happen -- including tax credits for buyers and government support for charging stations. READ MORE
U.S. Commerce Secretary Gina Raimondo warned during a call with reporters on Friday that there will be no quick fix to resolve the semiconductor shortage contributing to supply chain disruptions causing a ripple effect across the economy. READ MORE
The Covid-19 pandemic has laid bare the vulnerabilities in America's domestic manufacturing base. The nation's reliance on globally fragmented supply chains has led to shortages of everything from personal protective equipment to semiconductors to shipping containers. And these supply weaknesses have been a primary driver of elevated price increases. READ MORE
As the media recently noticed, President Joe Biden has a long history of overpromising and under-delivering. For many politicians, such overpromises are forgiven – or just forgotten. But presidents’ words are closely parsed, which makes Biden’s statements about job creation at last week’s press conference so bewildering. READ MORE
For once since 2022 began, Thursday featured some good news on the economy.
Last year’s fourth quarter and full year growth checked in at unexpectedly strong levels and Apple (AAPL) posted a record quarter, two recent instances where data or earnings haven’t disappointed investors. In spite of a litany of reasons like Omicron, inflation, impending rate hikes and a snarled supply chain, the world’s largest economy somehow finds new ways to defy expectations. READ MORE
Executive Vice President of Public Affairs at the National Restaurant Association Sean Kennedy argued on Thursday that the industry is currently "struggling" to keep doors open, noting that the vast majority of owners say conditions are worse now compared to a few months ago. READ MORE
Many employees are on the move, looking for that next opportunity. Perhaps they want a bigger challenge, more money, or believe they need to leave their current company to advance their career. But what if they leave your company and realize the new opportunity wasn’t as great as they thought, or they left years ago, gained new skills, and now want to come back? Should you hire them? READ MORE
As the world continues to deal with the COVID-19 pandemic and the simultaneous economic evolution taking place, the dynamic labor market presents a wide array of risks and opportunities for any corporation. Many companies are accelerating the sophistication of their workforce strategies in order to survive the Great Resignation.
This effort includes increased commitment to culture, equity, inclusion, social responsibility, and employee empowerment. READ MORE
On a whim, I recently started rewatching Ready Player One, the Steven Spielberg adaptation of Ernest Cline’s seminal novel about a future in which virtual reality is the real world. In the opening scene, protagonist Wade Watts clambers around a ramshackle trailer park before placing a headset on his face. Everyone has largely abandoned the decrepit, rundown reality for the Oasis—a virtual world of limitless possibilities, where everyone can do, be, or look like pretty much anything they want. READ MORE
Artificial intelligence is largely a numbers game. When deep neural networks, a form of AI that learns to discern patterns in data, began surpassing traditional algorithms 10 years ago, it was because we finally had enough data and processing power to make full use of them. READ MORE
A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say.
The "AirCar" was awarded an official Certificate of Airworthiness by the Slovak Transport Authority after completing 70 hours of "rigorous flight testing," according to Klein Vision, the company behind the "dual-mode car-aircraft vehicle." READ MORE
The U.S. Commerce Department said Tuesday a global survey of semiconductor chip producers and users shows a shortage will persist, sparked primarily by wafer production capacity constraints. READ MORE
If you believe reports from employers, they’re desperate to find good workers but can’t lure them at any price. Talk to job seekers, though, or existing employees at those same companies, and you’ll hear a different story. READ MORE
Sara, a departing employee, sat across from her company’s HR leader for an exit interview. As a marketing executive for a financial services company, she was resigning after five years to take a CMO role at a fintech startup.
When the HR director asked Sara, “Is there anything else we could have done to keep you here?” Sara paused. “Yes. I wish there had been conversations about my career goals and opportunities for growth,” she said. READ MORE
Meta says it wants to build the most powerful artificial intelligence supercomputer in the world.
The Facebook owner has already designed and built what it calls the AI Research SuperCluster, or RSC, which it says is among the fastest AI supercomputers in the world. READ MORE
America's job market hasn't fully recovered yet. But some states are already back to normal.
In November, Texas and Arizona joined Utah and Idaho in recouping all their pandemic job losses, according to a report by ratings agency Fitch. READ MORE
Last week, when many Americans were waiting in long lines and scouring drugstores for COVID-19 tests due to the spread of the omicron variant, some Googlers were casually testing daily from the comfort of their own home. The device they use, a $249 machine that churns out molecular test results in 20 minutes, comes from a San Diego-based company called Cue Health. The company has been painted as providing COVID-19 testing for the elite, but Clint Sever, one of the company’s cofounders and its chief product officer, says that the test was designed with accessibility in mind. READ MORE
Although organizations have been obsessing over the “war for talent” for two decades, it is surprising how often they will end up losing valuable employees for avoidable reasons, such as not knowing they are disengaged and open to other opportunities. A familiar outcome of this cycle has employers trying to match or improve their competitor’s offer to retain the employee, only to realize it is too little, too late. Current concerns about the Great Resignation have no doubt increased managers’ fear of losing valuable employees in a tight talent market. READ MORE
The Biden and Trump administrations had years of warnings. But the government failed this week to avoid a collision between U.S. telecom companies and airlines over the rollout of new 5G cellular networks.
That failure, rooted in longstanding disagreements over potential risk and a lack of cooperation by U.S. regulators, led to a last-minute scramble that threatened the cancellation of thousands of flights and raised tensions between two powerful industries. READ MORE
A record number of 4.4 million Americans quit their jobs in November while employers continue to scramble to lure talent to join their organizations. To combat turnover and attract new talent, leaders are implementing a myriad of benefits, including flexible work options, offering employee referral bonuses, and introducing additional merit increases. But for many who have quit and are looking for the next opportunity, they are looking beyond the free lunches and fitness reimbursements. This is actually the number-one question on their minds: Why should I work here? READ MORE
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