An Education Department (ED) secretary during the George W. Bush administration said she was opposed to student debt cancellation and free community college because those policies would distort the value and price of post-secondary education credentials. “We need to empower consumers with better information about how much they spend and what the value of it is in the marketplace,” former Education Secretary Margaret Spellings said on Yahoo Finance Live (video above). “We need to reward… Source link
Read More »New Education Department data highlights benefits of cancellation
The New York Times NFTs Are Selling for Millions. Are They Warming the Planet, Too? When Chris Precht, an Austrian architect and artist, first learned about nonfungible tokens, the digital collectibles taking the art world by storm, he was so enthralled, he said, he “felt like a little kid again.” So Precht, who is known for his work on ecological architecture, was devastated to learn that the artworks, known as NFTs, have an environmental footprint as mind-boggling as the gold-rush frenzy… Source link
Read More »U.S. State Department says boycott a consideration
Exiled Tibetans protest the 2022 Beijing Olympics. (AP Photo/Ashwini Bhatia) The United States Department of State said Tuesday that a “joint boycott” of the 2022 Beijing Olympics “is something that we certainly wish to discuss” with allies. State Department spokesman Ned Price made the statement to reporters amid ongoing concerns about China’s human rights abuses and calls for action around what some activists have termed the “Genocide Games.” The Winter Games begin Feb. 4, 2022. White House… Source link
Read More »Labor Department expands jobless aid for those forced to choose ‘your money or your health’
Workers whose states denied them unemployment aid during the COVID-19 pandemic may be able to retroactively access benefits back to Feb. 2, 2020, according to a new Labor Department rule issued Thursday. The Department of Labor (DOL) broadened access to the federal pandemic unemployment assistance (PUA) established under the CARES Act, and comes in response to a Jan. 22 executive order seeking clarification on who qualifies for it. The DOL rule expands eligibility to certain workers who… Source link
Read More »Justice Department gives judge big Google document request
FILE PHOTO: A man walks past a logo of Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – The Justice Department asked the judge hearing its antitrust fight with Alphabet’s Google for a huge list of documents from the search and advertising giant, including some about Facebook and Google’s Chrome browser, according to a court filing on Wednesday. Among the documents requested was communications with third parties… Source link
Read More »Justice Department gives judge big Google document request
FILE PHOTO: A man walks past a logo of Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – The Justice Department asked the judge hearing its antitrust fight with Alphabet’s Google for a huge list of documents from the search and advertising giant, including some about Facebook and Google’s Chrome browser, according to a court filing on Wednesday. Among the documents requested was communications with third parties… Source link
Read More »Google settles with Labor Department over alleged hiring and pay discrimination
The settlement includes back pay and interest to thousands of female engineers. Stephen Shankland/CNET … Source link
Read More »Google Settles With Labor Department Over Hiring, Pay Discrimination Claims
Alphabet Inc.’s GOOG 1.84% Google LLC agreed to pay more than $3.8 million to resolve a case of hiring and pay discrimination at several locations in California and Washington state, the Labor Department said. Under the terms of the agreement, Google agreed to pay nearly $1.4 million in back pay and interest to 2,565 female employees in engineering positions and about $1.2 million in back pay and… Source link
Read More »Google closes $2.1B acquisition of Fitbit as Justice Department probe continues
Google has closed its deal to buy Fitbit, the tech giant announced Thursday. The company announced in November 2019 plans to acquire the fitness tracking company to bolster its wearable capabilities. Google said it would acquire Fitbit for $7.25 per share in cash, valuing the company at $2.1 billion. Fitbit launched in 2007 and was considered a pioneer of the consumer fitness tracking market, quickly becoming the market leader. Other players have since entered the market including Apple,… Source link
Read More »California Seeks to Join Justice Department Antitrust Case Against Google
California, home of the Google campus in Mountain View, would join a group of Republican-led states in the Justice Department lawsuit. Photo: Images by Cayce Clifford … Source link
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