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Vaccines split global recovery – IMF

The global economy will expand by 6% this year but the economic gap between nations is widening. The post Vaccines split global recovery – IMF appeared first on The Mail & Guardian.
Tags: Business, Economy, International Monetary Fund, Vaccinations, Imf, Openaccess, Top Six, Coronavirus, COVID-19


Will the oil price surge hurt South Africa’s recovery?

Higher oil prices can increase the costs of living and doing business, and South Africa’s oil imports will also likely rise in the second half of 2021, but there are a few reasons to remain positive too The post Will the oil price surge hurt South Africa’s recovery? appeared first on The Mail & Guardian.
Tags: Opinion, Economy, South Africa, Oil Price, Recovery, Economic Growth, Gdp, Openaccess


Women, people of color, and low-income families face the highest risk of being forced out of their homes as the eviction moratorium comes to an end

Housing activists erect a sign in front of Massachusetts Gov. Charlie Baker's house in Swampscott, Mass. Michael Dwyer/AP Photo With the eviction moratorium likely coming to an end Saturday, millions of renters are expected to be plunged into housing disarray. About 73 percent of renters likeliest to be evicted are people of color. About 56 percent are women. More than half of the likeliest people vulnerable to eviction make less than $25,000 in total household income. See more stori...
Tags: Politics, News, Congress, Massachusetts, Women, US, Trends, Economy, Women Of Color, Centers For Disease Control And Prevention, Eviction, Charlie Baker, Pandemic, National Housing Law Project, Shamus Roller, Coronavirus


Progressive Cori Bush says 'some Democrats went on vacation instead' of preventing the eviction moratorium from expiring

Rep. Cori Bush, D-Mo., testifies during a House Oversight and Reform Committee hearing. Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images Rep. Cori Bush on Saturday accused Democrats of leaving for vacation before passing legislation that would have renewed the eviction moratorium. About 7.4 million Americans are at risk of eviction in the next two months after the moratorium ends July 31. The House failed to pass a bill that would have extended the moratorium and members are now on...
Tags: Politics, News, Supreme Court, Congress, Cdc, Senate, White House, Trends, Economy, Democrats, Missouri, House, Nancy Pelosi, Biden, Bush, Capitol


Stimulus checks totaling almost $800 million went to incarcerated people, IRS records show

IRS documents were obtained by American Crossroads. Andrew Harnik/AP Photo About 560,000 incarcerated people received $783.5 million in stimulus payments, Fox News reported. The payments followed debates in congress and courtrooms over payments to incarcerated people. In October, a federal judge ruled that excluding such individuals was "arbitrary and capricious." See more stories on Insider's business page. People incarcerated in US prisons received $783.5 million in stimulus payments...
Tags: Politics, News, Prison, Law, Congress, California, Finance, US, Trends, Economy, Treasury, Fox News, US District Court, Stimulus, Irs, Treasury Inspector General for Tax Administration


A hotel manager seeking 3 new hires said he was flooded with 115 applicants in 48 hours despite the labor shortage rocking the hospitality industry

Businesses in the hospitality industry are scrambling to find workers as travel rebounds amid a huge labor shortage. Joe Raedle/Getty Images The owner of two hotels in Bellingham, Washington, said staffing hasn't been a problem for him. He credits this to the company culture, alongside its suite of perks like bar credits for staff. People are traveling again and hotels, bars, and restaurants are feeling the strain. See more stories on Insider's business page. A hotel manager in Bel...
Tags: Travel, Washington, Hotels, Trends, Economy, Hotel, Retail, Leo, Hospitality, Bellingham, Ricci, Florida Atlantic University, Bellingham Washington, Joe Raedle Getty, California Pizza Kitchen, Kevin Harrington


'Distinctively Black names' still get fewer callbacks for job applications

A study found that applicants with Black names had a 2.1% lesser chance of getting contacted. monkeybusinessimages/Getty Images A recent study found that applicants with Black names have 2.1% fewer chance of getting contacted. The study submitted 83,000 entry-level applications to 108 fortune 500 companies. Black Americans are severely underrepresented in higher-paying corporate jobs. See more stories on Insider's business page. A recent study conducted by researchers at the University...
Tags: News, US, Trends, Job Market, Economy, Bureau of Labor Statistics, University Of Chicago, Mcdonalds, University Of California Berkeley, National Bureau of Economic Research, Black, Racial Bias, Amazon Facebook Morgan Stanley, Aleeya Mayo, Google Target Coca Cola Fox News


A Congressman Just Introduced Legislation for a Four-Day Workweek

It turns out some Members of Congress despise the five-day workweek as much as the rest of us. This week, Rep. Mark Takano of California introduced groundbreaking legislation meant to make four-day workweeks the norm in the US, instead of the Monday-through-Friday grind full-time workers have learned to accept as…Read more...
Tags: Science, Labor, Congress, California, US, Articles, Economy, Labor Rights, Overtime, John Mcdonnell, Full Time Job, Labor Relations, Wages and Salaries, Fair Labor Standards Act, Mark Takano, Working time


Calendly CEO Tope Awotona is joining us at Disrupt 2021

It all seems so simple. Instead of the dreaded back-and-forth on email, what if there was a solution that helped two parties (or multiple parties) schedule a call or a hangout? Calendly was born out of that question. Today, the company is worth more than $3 billion, according to reports, and has more than 10 million users. The growth of the product is insane, with more than 1,000% growth from last year. But that kind of success doesn’t come without hard work and dedication. To hear more about ...
Tags: TC, Entrepreneurship, Finance, Articles, Tech, Atlanta, Ceo, Economy, Private Equity, Stewart Butterfield, TechCrunch, Startup Company, Startup Alley, Chamath Palihapitiya, Startup Battlefield, Calendly


A company that owns 40 Burger Kings had to pay $459,000 to workers after it denied them sick leave, in Chicago's largest-ever labor-law fine

Tri City Foods failed to grant paid sick leave to 2,473 employees at its Burger King restaurants. Faris Hadziq/SOPA Images/LightRocket via Getty Images The owner of 40 Burger Kings was handed Chicago's largest labor-law violation fine. Tri City Foods must pay workers $458,931 total after denying them proper sick leave, the mayor said. It must also pay the city of Chicago $100,000. See more stories on Insider's business page. A company that owns 40 Burger King restaurants in Chicago...
Tags: News, Trends, Economy, Chicago, Retail, Illinois, Burger King, Sick Leave, Midwest, Company, the City, Lightfoot, Yum Brands, Mondelez, Burger Kings, OLS


Creecy calls for cheaper finance at London climate talks

Emerging markets need $3-trillion to 4-trillion a year in low-carbon investments over the next 15 years to meet their climate mitigation commitments The post Creecy calls for cheaper finance at London climate talks appeared first on The Mail & Guardian.
Tags: London, Climate Change, Environment, G20, Economy, South Africa, Greenhouse Gas Emissions, Emerging Markets, Glasgow, Climate Finance, Developing Countries, Paris Agreement, Alok Sharma, UN Framework Convention on Climate Change, New Climate Institute, COVID-19


Democrats are scrambling to renew a eviction moratorium after Biden urged extension at the last-minute

Sherrod Brown. AP Photo/J. Scott Applewhite, File House and Senate Democrats are scrambling to renew a federal eviction ban after Biden urged them at the last-minute. In a statement to Insider, a spokesperson for Sen. Sherrod Brown said he was working with Schumer on legislation. Nearly six million people are at risk of eviction starting in two days. See more stories on Insider's business page. Congressional Democrats are rushing to assemble legislation to renew a federal eviction ban ...
Tags: Politics, Supreme Court, Republicans, Congress, Senate, White House, Trends, Joe Biden, Economy, Policy, Democrats, House, Biden, Brown, Congressional, Schumer


We tried to predict the best places to move during the pandemic. The results are in, and we were half right.

Ken Wolter/Shutterstock; John Elk/Getty; Roland Shainidze/Getty; Sean Pavone/Getty; Marianne Ayala/Insider We looked back at four highly ranked areas on our list of the best cities to move to post-pandemic. Net domestic migration from 2019 to 2020 for these metro areas was pretty similar to previous years. Huntsville, Alabama, had a larger positive net domestic migration this year, continuing its growth. See more stories on Insider's business page. Three months ago, Aaron and Christin...
Tags: Real Estate, Microsoft, California, US, San Francisco, Trends, Bloomberg, Indianapolis, Economy, Nasa, Features, Chicago, Cities, US Postal Service, Wyoming, Migration


Last year, we predicted the best places to move during the pandemic. We were half right.

Ken Wolter/Shutterstock; John Elk/Getty; Roland Shainidze/Getty; Sean Pavone/Getty; Marianne Ayala/Insider We looked back at four highly ranked areas on our list of the best cities to move to post-pandemic. Net domestic migration from 2019 to 2020 for these metro areas was pretty similar to previous years. Huntsville, Alabama, had a larger positive net domestic migration this year, continuing its growth. See more stories on Insider's business page. Three months ago, Aaron and Christin...
Tags: Real Estate, Microsoft, California, US, San Francisco, Trends, Bloomberg, Indianapolis, Economy, Nasa, Features, Chicago, Cities, US Postal Service, Wyoming, Migration


Editorial: Unrest death count the highest in more than 180 years

We need a commission of inquiry to find the central characters in the tragic event that played out in KwaZulu-Natal and Gauteng. The post Editorial: Unrest death count the highest in more than 180 years appeared first on The Mail & Guardian.
Tags: Accountability, Economy, South Africa, Jacob Zuma, Chile, Brazil, Politicians, Riots, Editorial, Kwazulu Natal, Gauteng, Openaccess, New Dawn, ANC, Marikana, Mathews Phosa


California ranked as No. 3 state for innovation, surveys say

”Survey says” looks at various rankings and scorecards judging geographic locations, noting these grades are best seen as a mix of art and data. Buzz: California ranks No. 3 for innovation when you ponder national scorecards for cutting-edge business activity. Source: My trusty spreadsheet compiled its own index at the state level using four recent “most innovative” rankings plus longer-term growth in patent filings by state. Topline My tally was relatively simple math — a ranking based on eac...
Tags: Amazon, Utah, Business, Florida, Hollywood, Texas, Technology, News, Minnesota, Mississippi, Maryland, Microsoft, Colorado, California, Housing, Washington


The GOP just slashed $30 billion from the new bipartisan infrastructure deal they struck with Biden

GOP Sens. Rob Portman, Mitt Romney, Susan Collins, Bill Cassidy and Susan Collins announce they struck an infrastructure deal with the White House. Drew Angerer/Getty Images Republicans and the White House struck a deal on a slimmer infrastructure deal compared to last month. The new agreement cut almost $30 billion, largely the result of reductions of transit funding and an infrastructure bank, two people familiar said. The deal could face a major test vote later on Wednesday evening. See...
Tags: Politics, Republicans, Congress, White House, Trends, Joe Biden, Economy, Infrastructure, Democrats, Gop, Mitt Romney, Wages, Biden, Susan Collins, Sen Jon Tester, Sen Mitt Romney


Kyrsten Sinema blocks Democrats' plan to spend $3.5 trillion on infrastructure, setting up major cuts

Sen. Kyrsten Sinema (D-AZ). Tom Williams/CQ-Roll Call Inc. via Getty Images Kyrsten Sinema came out against the $3.5 trillion Democratic spending plan on Wednesday. Her opposition will force Democrats to scale back the bill to earn her support. She did not specify a new spending amount. See more stories on Insider's business page. Sen. Kyrsten Sinema of Arizona came out in opposition to the Democratic $3.5 trillion spending blueprint, virtually ensuring her party will be forced to make...
Tags: Politics, Republicans, Congress, Senate, White House, Trends, Joe Biden, Economy, Infrastructure, Democrats, Arizona, Vermont, Reconciliation, Sen Bernie Sanders, Arizona Republic, Senate Budget Committee


Dan Olsen leads a product-market fit masterclass for the Startup Alley+ cohort

Yes Virginia, there are advantages to exhibiting in (the sold-out) Startup Alley at TC Disrupt 2021 . Out of all the early-stage startups ready to exhibit on September 21-23, Team TechCrunch hand-picked 50 to form the Startup Alley+ cohort. Startup Alley+ is a VIP experience designed to help founders grow their business and increase their opportunities right now in the run-up to Disrupt. Hold up: Don’t miss the opportunity to meet and network with all the innovative startups you’ll f...
Tags: TC, Facebook, Uber, Business, Entrepreneurship, Virginia, Articles, Tech, Walmart, Author, Economy, Box, Dan Olsen, TechCrunch, Startup Company, Startup Alley


This 19-year-old restaurant boss earns $50,000 and manages 22 people. Here's what his day looks like, from making big lemonade batches to dealing with customers 'shocked' by his age.

Jason Cabrera, 19, is the general manager for a Layne's Chicken Fingers restaurant in Allen, Texas. Zerb Mellish for Insider Jason Cabrera, 19, earns $50,000 a year and manages 22 people at Layne's Chicken Fingers in Texas. Laynes' CEO said he has made three teenagers managers this year amid the labor shortage. Cabrera said some customers are "shocked" at his young age. Here's what his day looks like. See more stories on Insider's business page. Jason Cabrera became a...
Tags: Texas, Life, Careers, Trends, Economy, Chicken, Fast Food, Manager, Retail, Baseball, Recruitment, Teenager, Texas Rangers, Allen, Cabrera, Layne


US stocks log record highs as investors look to Big Tech to sustain earnings growth

Brendan McDermid/Reuters Dow industrials push further beyond 35,000 in Monday's record-setting highs for stocks. Tesla and Facebook earnings are among those on deck for this week's earnings wave. The Federal Reserve will start its two-day meeting on Tuesday. See more stories on Insider's business page. Stocks finished at record highs Monday as investors set their sights on earnings reports from major technology companies and appeared to set aside concerns about economic recove...
Tags: Apple, Amazon, Facebook, US, Trends, Markets, Tesla, Economy, Gmo, Stocks, Berkshire Hathaway, Warren Buffett, US Treasury, Volkswagen, Federal Reserve, S&P 500


There is a fundamental misunderstanding of inflation and its spread throughout sectors of the economy proves it is not isolated or transitory, Mohamed El-Erian says

Mohamed El-Erian. Rob Kim/Getty Images Mohamed El-Erian said there is a fundamental misunderstanding of inflation because few people have lived through it. "I always laugh when people say, oh, it's isolated, it's transitory," El-Erian told CNBC on Monday. He also disagreed with the Federal Reserve's view that inflation is transitory. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Economist Mohamed El-Erian in an interview Monday took aim at assessments...
Tags: Trends, Markets, Economy, Used Cars, Inflation, Mohamed El Erian, Federal Reserve, New Cars, Cnbc, Fed, Powell, Allianz, El Erian, ERIAN, Jerome Powell, Inflation Expectations


Early bird savings on passes to TechCrunch Disrupt 2021 end this week

Tick tock, early-stage startup fans: If you plan to attend TechCrunch Disrupt 2021 (September 21-23), time is running out to score a pass to the world’s leading conference dedicated to tech startups — for less than $100. The early bird sale ends this week, so buy your pass here before the deal expires on July 30 at 11:59 pm (PT). And if you’re part of the tech startup ecosystem — or aspire to be — why the heck wouldn’t you dive headlong into three days dedicated to the art and science required t...
Tags: TC, Business, Tech, Ceo, Economy, Companies, Pfizer, TechCrunch, Founder, Startup Company, Sahin, Michael McCarthy, Mayfield Fund, BioNtech, Verizon Media, Ursheet Parikh


Cincinnati is the most affordable US city for renters living alone, a new report shows. Here's how the top 10 stack up.

Cincinnati claimed the top spot in SmartAsset's study for the fourth year in a row. Mike Kline/Getty Images SmartAsset compared the 100 largest US cities to see which are the most affordable for solo renters. It used five metrics, including wages and the percentage of housing units with two bedrooms or fewer. These are the 10 most affordable cities, according to its research. See more stories on Insider's business page. SmartAsset compared the 100 largest US cities. A one...
Tags: Real Estate, News, Minneapolis, US, Trends, Economy, Features, Chicago, Rent, Ohio, Lincoln, Seattle, St Louis, Affordability, Cincinnati, Tulsa Oklahoma


A 19-year-old restaurant boss started out buttering toast for $9.25 an hour - now, he earns $50,000 and manages 22 people. Here's what his workday looks like.

Jason Cabrera, 19, is the general manager for a Layne's Chicken Fingers restaurant in Allen, Texas. Zerb Mellish for Insider Jason Cabrera, 19, earns $50,000 a year and manages 22 people at Layne's Chicken Fingers in Texas. Laynes' CEO said he has made three teenagers managers this year amid the labor shortage. Cabrera said some customers are "shocked" at his young age. Here's what his day looks like. See more stories on Insider's business page. Jason Cabrera became a...
Tags: Texas, Life, Careers, Trends, Economy, Chicken, Fast Food, Manager, Retail, Baseball, Recruitment, Teenager, Texas Rangers, Allen, Cabrera, Layne


A labor-for-hire company says it's turning down jobs worth up to $2,500 each day because it can't find enough workers

In June, just over 200 workers completed a shift on Laborjack's platform - but nearly a fifth of these only did one job. Laborjack Laborjack said it can't find enough gig workers to meet soaring demand for its services. The Colorado-based company boosted staff wages but said there's huge competition for labor. Clients are so desperate for labor that they're no longer price-sensitive, its founders added. See more stories on Insider's business page. A labor-for-hire compa...
Tags: Work, Jobs, Colorado, US, Employment, Trends, Job Market, Economy, Wages, Fort Collins, Salary, Wage, Craig, Moser, Fort Collins Colorado, Kevin Harrington


Southern California casinos struggle to fill jobs as business picks up

With the initial phase of its $550 million expansion plan now completed, San Manuel Casino is grappling with the same problem other Southern California casinos are facing — how to fill all of its job openings. And there are plenty, as the Highland facility is looking to hire 2,500 additional workers by year’s end. But it won’t be easy. The hiring process at casinos can be time-consuming, and some former workers may have moved onto other jobs while others are nervous about returning to crowded wo...
Tags: Business, Jobs, News, California, Sport, Economy, Soccer, Delta, Coachella, Local News, San Diego County, Valencia, Highland, Southern California, South Bay, Richardson


What truck drivers really think about new federal regulations to crack down on drug use

This plant is causing a lot of controversy. Hollis Johnson/Business Insider We published a story about the federal government's new law to drug test truck drivers. The law has mostly caught marijuana users. We argued that it won't meaningfully boost safety on the road. Truck drivers shared in emails with Insider laying out what they think of the new rule. See more stories on Insider's business page. A federal rule that went into effect in 2020 is taking commercial drivers off...
Tags: Transportation, Washington, Marijuana, Trends, Indianapolis, Economy, Cannabis, Trucking, Department Of Transportation, Shawn, David McNew Getty, Kevin Conway, Hollis Johnson, Getty Images Some, Rachel Premack, BITranspo


Electric car sales in the US will overtake those of combustion vehicles by 2036, according to an EY report

In 25 years, by 2045, sales of non-electric cars will barely account for 1% of the global market. Lucid Electric car slaes will equal those of combustion cars in the US in 2036, says a Bloomberg report. Millennials and government incentives will be key to the growth of non-polluting mobility. Germany is leading the way in Europe, having sold 398,000 electric cars in 2020. See more stories on Insider's business page. Of the 78 million vehicles sold worldwide in 2020, 3.2 million were el...
Tags: Transportation, Europe, UK, China, Germany, US, International, Trends, General Motors, Markets, Bloomberg, Economy, United States, Retail, Ey, Biden


One week left to buy passes to TC Disrupt 2021 for less than $100

TechCrunch Disrupt 2021, the world’s original and most epic conference dedicated to tech startups, takes place September 21-23. Are you ready to take full advantage of this opportunity-packed event? Start right now and buy a Disrupt pass for less than $100. But don’t wait — the early bird prices disappear on July 30 at 11:59 pm (PT). Experience the full range of the global tech startup culture. Disrupt draws thousands of attendees from around the world, ready to learn, network, inspire and infor...
Tags: TC, Business, Tech, Ceo, Economy, Websites, Coinbase, TechCrunch, Accel, Mar Hershenson, Startup Company, Startup Alley, Volvo Cars, Startup Battlefield, Brian Armstrong, Techcrunch Disrupt New York