During an interview on "Mornings with Maria" EmployBridge chief workforce analyst Joanie Bily said that the labor market is extremely competitive and employers are struggling to find and retain talent. READ MORE
The Senate just passed the next Apollo program
It’s one small step for Congress, one huge leap for American competitiveness. By passing the U.S. Innovation and Competition Act (USICA) with strong bipartisan support, the Senate went a long way in countering what Secretary of State Antony Blinken called “the biggest geopolitical test of the 21st century” — China’s growing military, geopolitical, and economic aggression under the leadership of General Secretary Xi Jinping. READ MORE
Stock Buybacks – Legitimate Use of Corporate Cash or Tool of the Devil?
Stock buybacks are again in the news as senators and even President Biden have shown interest in supporting proposals to limit them. From potentially taxing buybacks to adding other limits, stock buybacks have received much attention in the last year. Why all the fuss? READ MORE
71% of Boards Are Incorporating ESG Into Their Company Strategy
Seventy-one percent of corporate boards are incorporating environmental, social and governance (ESG) objectives and goals into overall company strategy, with 85% taking action to increase fluency on ESG, according to a new report released today. READ MORE
A vast majority of small business owners say inflation is a top concern
A vast majority of small business owners say inflation is a top concern, according to a newly released Bank of America report.
The Bank of America 2022 Small Business Owner Report also revealed that the majority of entrepreneurs anticipate business expansion, despite the increased costs. READ MORE
How To Fix Meeting Sprawl and Transform Your Work
If we want to truly transform work for the better, meetings are a very good place to start. They’re often run poorly, and crowd our days, leading us to spend nights and weekends working to compensate.
And it’s gotten worse by most measures over the past two years. Microsoft found that workers it tracks now spend 252% more time in meetings each week on average than they did in February 2020. The meetings are often low quality, with people doing other work during them some 30% of the time or more. And meeting sprawl is costly for organizations, making it harder for people to do what they were actually hired to do. READ MORE
IRS takes shot at rising inflation with 2023 HSA limits
Amid soaring inflation, annual health savings account contribution limits for 2023 are increasing in one of the biggest jumps in recent years.
The Internal Revenue Service announced Friday that for the calendar year 2023, the health savings account contribution limits for an individual with self-only coverage will jump to $3,850—a significant $200 increase from $3,650 for this year. Last year, the amount climbed just $50 from $3,600 for 2021. For family coverage, the HSA contribution limit jumps to $7,750 next year from $7,300 in 2022. READ MORE
A record 4.5 million Americans quit their jobs in March
The US labor market remained on fire in March with a record 4.5 million workers quitting their jobs, new data from the Bureau of Labor Statistics showed Tuesday.
The number of quits increased most significantly in the professional and business services sector, as well as construction. The overall quits rate moved up to 3%, a level not seen since December 2021. READ MORE
Trade schools see student boom for offering careers ‘within grasp’
With the number of U.S. job openings rising to 11.5 million at the end of March, trade schools are finding a growing demand for their low-cost, low-time commitment programs that produce big payouts.
Student enrollment among agriculture, construction and transportation schools has increased up to 40%, according to new data from National Student Clearinghouse. Many programs require just one year of training, and typically cost less than $16,000, while a traditional four-year collegiate institution costs on average $100,000. READ MORE
Biden admin wants to ‘blame business’ for its ‘bad economy'
Speaking from the Milken Institute Global Conference in Los Angeles, U.S. Chamber of Commerce president and CEO Suzanne Clark called out President Biden for putting inflation blame on business owners. READ MORE
How a billionaires boys’ club came to dominate the public square
The world’s richest man, Elon Musk, attacked a publication owned by the world’s third-richest man, Jeff Bezos, last month for reprinting a column published by the world’s 13th-richest man, Mike Bloomberg.
The Bloomberg opinion article, posted by The Washington Post, asked whether Musk’s recent investment in Twitter would endanger freedom of speech. “WaPo always good for a laugh,” Musk wrote in a tweet, with smiling and crying emoji. READ MORE
Apple employees refuse office return because it will make company ‘whiter, more male-dominated’
Employees of the tech giant Apple are revolting against a plan to get staff back into the office for three days a week, claiming it will make the company “younger, whiter and more male-dominated”.
Tim Cook, Apple’s CEO, has said his proposed “hybrid working pilot” for US, Europe and UK employees is an attempt to balance the corporate benefits of in-office working with the personal advantages that working from home gives staff members. READ MORE
Has inflation reached a peak? Three signs that prices could soon come down
Inflation is at a 40-year high, and Americans are feeling it.
A gallon of gas costs about double what it cost in January 2021. Home prices were up a whopping 19.8% year-over-year in February. And, in March, groceries cost 10% more than they did a year earlier. READ MORE
America will recover all jobs lost during Covid by this summer, Fitch says
The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery from Covid-19.
By the end of August, the labor market will have fully recaptured all jobs lost during the pandemic, Fitch Ratings projects in a new report shared first with CNN. READ MORE
US economy won’t fall into recession, market strategist says
LPL Financial chief market strategist Ryan Detrick joined "Mornings with Maria" Friday and said that the U.S. economy won’t fall into a recession. Detrick made these comments ahead of the release of the March core personal consumption expenditures report. READ MORE
Wall Street reluctantly embraces crypto
Wall Street has a message for its many clients that have been eager to invest in cryptocurrencies: OK, OK, we hear you.
The largest U.S. banks, securities firms and custodians, many of whom once greeted the emergence of digital assets with skepticism, are now showcasing their forays into the market. READ MORE
How can the 4-day work week be a true game-changer for employers?
The events of the last two years have transformed long-utilized work models—accelerating the rise of hybrid and remote work and reframing how many employers think of the traditional office. Now, while still far from the norm, the concept of a four-day work week is also gaining traction. READ MORE
What Elon Musk Can Learn From Mastodon—and What He Can’t
Freedom never comes for free. In Twitter’s case, the price was $44 billion, which Elon Musk will pay to liberate the platform from its responsibilities as a public company and transform it into a free speech Xanadu. Musk wants to open source the platform’s algorithms, exile spam bots, and allow people to tweet whatever they please “within the bounds of the law.” To him, the stakes are nothing short of existential. “My strong intuitive sense,” he said in an interview at TED last week, “is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.” READ MORE
Present your China contingency plan at the next board meeting
But for a far broader set of companies, there’s a much more dangerous threat looming on the horizon: Russia’s totalitarian twin and closest military and economic ally–China.
It does not take a Ph.D. in international affairs to understand the common threads that underpin the China-Russia partnership. Both governments are known for lawless behavior, duplicity, bullying, domestic oppression, coercive economic practices, and grave human rights abuses. READ MORE
MIT Engineers Created a Portable Device that Zaps Seawater to Make Drinking Water
A team of scientists at MIT have created a device that transforms brackish seawater into clean drinking water at the push of a button—and can be especially helpful for people living in seaside places like California who are dealing with climate change-fueled droughts. READ MORE
