Tag Archives: People

U.S. House Ways and Means Committee Chairman Richard Neal (D-Mass.) promises the $3.5 trillion budget reconciliation bill will, “both address our perilously changing climate and create new, good jobs, all while strengthening the economy and reinvigorating local communities.” But Maya MacGuineas, the president of the nonprofit Committee for a Responsible Federal Budget, said politicians are punting on taxes and the promise to bring the bill in on budget. “What we’re seeing coming out of the… Source link

Amid fears of new variants emerging and evading COVID-19 vaccines, health experts are repeatedly pointing out that being fully vaccinated is very different from being unvaccinated. “We have to be very clear about who we’re talking about,” Dr. Jeremy Faust, an emergency physician at Brigham and Women’s Hospital and an instructor at Harvard Medical School, said on Yahoo Finance Live (video above). “The Delta variant is extraordinarily dangerous for the unvaccinated, and it presents a… Source link

Hedge fund manager Mark Spitznagel, the founder of $11 billion “Black Swan” hedge fund Universa Investments, says investors have been getting risk mitigation wrong from the start. “Our goals are even wrong. And really, we have Modern Portfolio Theory to thank us for this. But it’s just kind of a heuristic of investing that you need to take more risk in order to get higher returns, in order to get more wealth at the end of the day. And as you take less risk, your returns are going to go down,”… Source link

Bitcoin (CRYPTO: BTC) and other cryptocurrencies “are not legal tenders and have no actual value support,” according to Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) Yin Youping. What Happened: According to a report by local news outlet People’s Daily Online, Youping said that cryptocurrencies are purely speculative assets. He also advised the public to increase its risk awareness and stay away from the crypto market to “protect… Source link

Attracting workers is one of the biggest challenges for the economy as it recovers from the pandemic. It’s a hurdle the restaurant business knows all too well. “Labor has always been a big challenge. But I think it’s more difficult than ever now,” says David Novak, founder and CEO of David Novak Leadership and co-founder and former CEO of Yum! Brands (YUM), which operates KFC, Pizza Hut, and Taco Bell, among other brands.  “Everybody that I’ve talked to says it’s never been harder to get the… Source link

Goodyear Chairman and CEO Richard Kramer — the second longest serving CEO in the tire maker’s 123-year history — says the good times are likely to keep rolling for his industrial giant over the next year. Credit for that will probably come from consumers continuing to reinvest in their vehicles amid sky high used car values and limited inventories of new cars on dealer lots thanks to the chip shortage roiling the likes of Ford, General Motors and others. “Our OEM [original equipment… Source link

Google is teaming up with Stanford University in an effort to make its workforce more neurodiverse. The technology giant said recently that it is launching a new program aimed at bringing more people with autism into its cloud workforce and supporting them better. With Google Cloud’s Autism Career Program, the company said that it will work with experts from the Stanford Neurodiversity Project — part of the university’s medical school — to train as many as… Source link

Spacious affordable homes in less populated metropolitan areas are hot, while small expensive apartments in densely populated areas are not. Warmer weather also appeals to homebuyers. The COVID-19 pandemic shifted homebuyers’ preferences in a major way, making these three cities the hottest cities in the U.S. last year. Riverside-San Bernardino-Ontario, Calif.; Lakeland-Winter Haven, Fla.; and Myrtle Beach-Conway-North Myrtle Beach, SC-NC were the the top metros for the most inbound… Source link

Federal Reserve Chairman Jerome Powell takes his seat to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly… Source link

Vaccine hesitancy in the U.S. has proven to be a stubborn issue that is holding back America’s ability to defend itself against the particularly infectious Delta variant in certain parts of the country. In addition to unvaccinated adults themselves, two demographics are particularly vulnerable as the number of confirmed COVID-19 cases rises. “Children under 12 don’t have a vaccine yet,” Dr. Heather Yeo, associate professor of surgery and health care policy and research at Weill Cornell… Source link