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You can"t fire me, I quit: Perspectives on the Great Resignation

With the labor market in upheaval, Larry Gennari writes that we need to recognize the connectedness of work and wages to community, hope and progress and to think about possible solutions. We should do is, as Michael Scott would say, “as ASAP as possible.”.....»»

Category: topSource: bizjournalsNov 25th, 2021

Paying people more may not solve the labor shortage. Here"s what companies need to do to attract more workers, according to a Wharton professor.

Employers should think more broadly about recruitment if they want to attract talent, said Peter Capelli, a Wharton professor of Management. Hiring remains a challenge for many businesses during the pandemic.Wilfredo Lee / AP Employers should think more broadly about recruitment to attract staff, said a Wharton professor. Peter Capelli spoke to Knowledge@Wharton podcast about his latest report on the labor market.  Childcare and a desire for flexibility, not just pay issues, are keeping people out of work. Everyone seems to be talking about the state of the labor market.Businesses across multiple sectors complain that they're been struggling to hire staff for months. At the same time, record numbers of Americans are leaving their jobs — a record 4.4 million quit in September. There are many reasons behind what has been dubbed "the great resignation," and many companies are increasing wages and offering bonuses to retain and attract staff.But employers should use labor market issues as an opportunity to think more broadly about recruitment, according to Peter Capelli, Wharton professor of management and director of the school's Centre for Human resources.He spoke on the Knowledge@Wharton podcast about a recent report he co-authored, which looked at how the pandemic has changed employees' attitudes towards work — and how employers should react.When it comes to recruitment, Capelli said that employers became "picky" about hiring following the Great Recession [in 2008] — where the labor market was great for employers. They started asking for college degrees in requirements for roles that hadn't previously needed them, even though the work itself hadn't changed. He gave the example of a legal secretary."Couldn't we think a little more broadly about who you could hire for these jobs? Maybe you should take a look at people that you may have passed over before because you had tons of candidates," Cappelli said.  He said employers are not good at predicting who is going to be a good worker. A degree also doesn't mean that someone is going to be better at a certain role either. At a broader level, while Capelli's report said employers should expect to pay more for workers, it found that there are other reasons keeping people from looking for work "more aggressively" that employers need to address."The first is still fear of COVID. The second is a belief that opportunities are going to get better," said Capelli.There are things that employers can do to persuade candidates that they're going to be safe, Capelli said. But it's still unclear to what extent people will have some flexibility with being able to work from home. Capelli said childcare responsibilities were another reason why people weren't returning to the labor market. According to the Centre for American Progress, 51% of Americans lived in a 'childcare desert' in 2018. "A lot of people have taken on childcare obligations because their job wasn't going to pay enough or the commute was too difficult if they were going back to work," he said. According to Capelli, some employers still haven't figured out how remote working will help them as a business, rather than just being something they offer staff. Too many are waiting to see what other employers are doing before acting themselves, he said.Overall, while there will be some employers that return to how they operated pre-pandemic, Capelli said there will be a "critical mass" of employers who will do things differently."I think there's an opportunity here for employers to do things that might make their employees happy, might make them stay with you longer, and might be better for the organization," he said. "There's a window for doing something about it that'll probably go on for a little while." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 2nd, 2021

Why This Dating App Is Paying All Employees an $80,000 Minimum Salary

The decision is similar to that taken by the Dan Price, the CEO of credit card processing startup Gravity Payments Feeld is a dating app that puts being progressive at the heart of what it does. For its chief executive Ana Kirova, that’s an approach she aims to bring to the way the business values its employees. The company, which offers users a range of flexible options and started out as an app for non-monogamous relationships, today announced that it was setting a new minimum annual salary of £60,000 ($80,000) for full-time employees. The new minimum pay means 40% of Feeld’s 55 full-time staff will receive a pay rise starting in January. The remaining employees already earn above this amount. [time-brightcove not-tgx=”true”] “We put the human first, both as a company and for our customers,” Kirova tells TIME in an interview over Zoom. Following a wave of new hires, she noticed that paying employees the market rate for certain roles meant that their salaries would not rise beyond a certain level. “It just didn’t make sense for us to take that information and not do anything about it.” she says. “As an organization, being fluid and progressive allows people to do their best work.” The decision is similar to that taken by Gravity Payments, a credit card processing startup, which raised its minimum salary to $70,000 in April 2015. Feeld’s move also comes against the backdrop of a significant shift within the labor market. Dubbed the ‘great resignation,’ workers are quitting their jobs in droves. A record 4.4 million Americans quit their jobs in September, according to a report released Nov. 12 by the Bureau of Labor Statistics, the highest level since the agency started tracking such data in 2000. In the same month, there were around 10 job openings for every seven people without a job. Demand for workers is giving employees leverage to demand better pay, perks, and working conditions from potential employers. In the U.K., where Feeld is based—although it allows staff to work remotely from anywhere—resignations and job-to-job moves are at the highest level in 20 years. Nearly 400,000 workers resigned between July and September, compared with 105,000 at the same time last year. While Kirova recognizes the benefit of high starting salaries in attracting talent, she says the reason for the company’s decision was more about its “core value: being human.” Unlike Dan Price, the CEO of Gravity Payments, Kirova will not be taking a pay cut to fund the minimum salary increase. That’s because the raises can be comfortably funded using the company’s profits, she says. “We’ve been profitable for the last few years,” she said without disclosing the company’s profit figures. “We’ve seen a lot of growth and success, and we want to make sure that we reward everyone for it, because it’s not like it’s one person’s success. Everyone’s contributed to it.” Executives will still earn significantly more than other employees. Taking into account the $80,000 base wage and new hires in top roles, employees at executive level will be earning around six times the minimum salary, Kirova says. “We’ve never really had that vast gap between the top paid person and the lowest paid,” she says. “I think that this is to a large degree thanks to our transparent salaries policy, because it just keeps you accountable as a leader.” Kirova declined to disclose the company’s annual revenue or total number of users but a company representative said there had been a 70% year-on-year increase in users from October 2020 to October 2021. The New York Times reported that the app had 1.5 million downloads in 2016. The app, which has users in major cities around the world, is free to use but has a paid membership offering with enhanced features and privacy options. Dimo Trifonov, the app’s founder—and Kirova’s partner—originally came up with the idea for Feeld in 2014, when she asked if him they could experiment with additional people in their relationship. Initially called 3nder, the app was designed for couples to create joint accounts. It has since expanded to include anyone wanting to experiment in dating. There are more than 20 options for gender identity and sexuality on the app. Kirova joined the product side of the business in 2016 and was appointed CEO in April this year. Since then, she has formed a leadership team of 60% female-identifying members. According to the company, increasing the lowest wage to $80,000 will reduce the gender pay gap between men and women at Feeld to 1%, from 6%. “As a leader of an organisation and especially with our transparency, you can see patterns that are systemic,” Kirova says of the pay gap. “They’re not our doing. But if we don’t do something against them, they will just creep in as we grow.” The company aims to one day close the remaining 1% pay gap, but only once it has established the root cause, she says. “Does this 1% also come from the wider market? Or does it come from internal bias that we’ll need to address?” Kirova says she did not discuss the wage increase with the company’s sole investor, whose identity she declined to reveal, but says “he has a lot of faith in and trust in how we work.” “We’ve previously made decisions that could look unpopular from an investor perspective,” she says, such as investing heavily in “design and creative work” and implementing salary transparency. “These are not necessarily popular decisions, because they’re not tested and proven. But Feeld has always been very creative about how we do our work, and what exactly we do,” Kirova says. “And I believe we have the trust of our investor.” In addition to improving equity across different roles and genders within the company, Kirova hopes that the minimum salary increase will set an example to other startups. “It’s very important for us to stay progressive, but also to inspire other companies to think a little bit more creatively about how exactly they conduct their business internally.” Most importantly, Kirova believes that investment in workers is essential in fomenting productivity. “In industries which are trying to reinvent or to innovate how work happens, there needs to be a path for people to see how they can succeed and grow.” She says it is counterproductive to creat gaps between how different roles are valued within an organization. , She gives the example of engineering positions, which are often better paid than other jobs within startups. “It has to be bridged. It can’t stay like this forever.”.....»»

Category: topSource: timeNov 24th, 2021

In Memory Of JFK: The First US President To Be Labeled A Terrorist & Threat To National Security

In Memory Of JFK: The First US President To Be Labeled A Terrorist & Threat To National Security Authored by Cynthia Chung via The Saker blog, In April 1954, Kennedy stood up on the Senate floor to challenge the Eisenhower Administration’s support for the doomed French imperial war in Vietnam, foreseeing that this would not be a short-lived war. In July 1957, Kennedy once more took a strong stand against French colonialism, this time France’s bloody war against Algeria’s independence movement, which again found the Eisenhower Administration on the wrong side of history. Rising on the Senate floor, two days before America’s own Independence Day, Kennedy declared: “The most powerful single force in the world today is neither communism nor capitalism, neither the H-bomb nor the guided missile – it is man’s eternal desire to be free and independent. The great enemy of that tremendous force of freedom is called, for want of a more precise term, imperialism – and today that means Soviet imperialism and, whether we like it or not, and though they are not to be equated, Western imperialism. Thus, the single most important test of American foreign policy today is how we meet the challenge of imperialism, what we do to further man’s desire to be free. On this test more than any other, this nation shall be critically judged by the uncommitted millions in Asia and Africa, and anxiously watched by the still hopeful lovers of freedom behind the Iron Curtain. If we fail to meet the challenge of either Soviet or Western imperialism, then no amount of foreign aid, no aggrandizement of armaments, no new pacts or doctrines or high-level conferences can prevent further setbacks to our course and to our security.” In September 1960, the annual United Nations General Assembly was held in New York. Fidel Castro and a fifty-member delegation were among the attendees and had made a splash in the headlines when he decided to stay at the Hotel Theresa in Harlem after the midtown Shelburne Hotel demanded a $20,000 security deposit. He made an even bigger splash in the headlines when he made a speech at this hotel, discussing the issue of equality in the United States while in Harlem, one of the poorest boroughs in the country. Kennedy would visit this very same hotel a short while later, and also made a speech: “Behind the fact of Castro coming to this hotel, [and] Khrushchev…there is another great traveler in the world, and that is the travel of a world revolution, a world in turmoil…We should be glad [that Castro and Khrushchev] came to the United States. We should not fear the twentieth century, for the worldwide revolution which we see all around us is part of the original American Revolution." What did Kennedy mean by this? The American Revolution was fought for freedom, freedom from the rule of monarchy and imperialism in favour of national sovereignty. What Kennedy was stating, was that this was the very oppression that the rest of the world wished to shake the yoke off, and that the United States had an opportunity to be a leader in the cause for the independence of all nations. On June 30th, 1960, marking the independence of the Republic of Congo from the colonial rule of Belgium, Patrice Lumumba, the first Congolese Prime Minister gave a speech that has become famous for its outspoken criticism of colonialism. Lumumba spoke of his people’s struggle against “the humiliating bondage that was forced upon us… [years that were] filled with tears, fire and blood,” and concluded vowing “We shall show the world what the black man can do when working in liberty, and we shall make the Congo the pride of Africa.” Shortly after, Lumumba also made clear, “We want no part of the Cold War… We want Africa to remain African with a policy of neutralism." As a result, Lumumba was labeled a communist for his refusal to be a Cold War satellite for the western sphere. Rather, Lumumba was part of the Pan-African movement that was led by Ghanaian President Kwame Nkrumah (who later Kennedy would also work with), which sought national sovereignty and an end to colonialism in Africa. Lumumba “would remain a grave danger,” Dulles said at an NSC meeting on September 21, 1960, “as long as he was not yet disposed of.” Three days later, Dulles made it clear that he wanted Lumumba permanently removed, cabling the CIA’s Leopoldville station, “We wish give [sic] every possible support in eliminating Lumumba from any possibility resuming governmental position.” Lumumba was assassinated on Jan. 17th, 1961, just three days before Kennedy’s inauguration, during the fog of the transition period between presidents, when the CIA is most free to tie its loose ends, confident that they will not be reprimanded by a new administration that wants to avoid scandal on its first days in office. Kennedy, who clearly meant to put a stop to the Murder Inc. that Dulles had created and was running, would declare to the world in his inaugural address on Jan. 20th, 1961, “The torch has been passed to a new generation of Americans.” La Resistance Along with inheriting the responsibility of the welfare of the country and its people, Kennedy was to also inherit a secret war with communist Cuba run by the CIA. The Bay of Pigs set-up would occur three months later. Prouty compares the Bay of Pigs incident to that of the Crusade for Peace; the Bay of Pigs being orchestrated by the CIA, and the Crusade for Peace sabotaged by the CIA, in both cases to ruin the U.S. president’s (Eisenhower and Kennedy) ability to form a peaceful dialogue with Khrushchev and decrease Cold War tensions. Both presidents’ took onus for the events respectively, despite the responsibility resting with the CIA. However, Eisenhower and Kennedy understood, if they did not take onus, it would be a public declaration that they did not have any control over their government agencies and military. Further, the Bay of Pigs operation was in fact meant to fail. It was meant to stir up a public outcry for a direct military invasion of Cuba. On public record is a meeting (or more aptly described as an intervention) with CIA Deputy Director for Plans Richard Bissell, Joint Chiefs Chairman Lyman Lemnitzer, and Navy Chief Admiral Burke basically trying to strong-arm President Kennedy into approving a direct military attack on Cuba. Admiral Burke had already taken the liberty of positioning two battalions of Marines on Navy destroyers off the coast of Cuba “anticipating that U.S. forces might be ordered into Cuba to salvage a botched invasion.”[7] (This incident is what inspired the Frankenheimer movie “Seven Days in May.”) Kennedy stood his ground. “They were sure I’d give in to them,” Kennedy later told Special Assistant to the President Dave Powers. “They couldn’t believe that a new president like me wouldn’t panic and try to save his own face. Well they had me figured all wrong.” Incredibly, not only did the young president stand his ground against the Washington war hawks just three months into his presidential term, but he also launched the Cuba Study Group which found the CIA to be responsible for the fiasco, leading to the humiliating forced resignation of Allen Dulles, Richard Bissell and Charles Cabell. (For more on this refer to my report.) Unfortunately, it would not be that easy to dethrone Dulles, who continued to act as head of the CIA, and key members of the intelligence community such as Helms and Angleton regularly bypassed McCone (the new CIA Director) and briefed Dulles directly. But Kennedy was also serious about seeing it through all the way, and vowed to “splinter the CIA into a thousand pieces and scatter it to the winds.” * * * There is another rather significant incident that had occurred just days after the Bay of Pigs, and which has largely been overshadowed by the Cuban fiasco in the United States. From April 21-26th, 1961, the Algiers putsch or Generals’ putsch, was a failed coup d’état intended to force President de Gaulle (1959-1969) not to abandon the colonial French Algeria. The organisers of the putsch were opposed to the secret negotiations that French Prime Minister Michel Debré had started with the anti-colonial National Liberation Front (FLN). On January 26th, 1961, just three months before the attempted coup d’état, Dulles sent a report to Kennedy on the French situation that seemed to be hinting that de Gaulle would no longer be around, “A pre-revolutionary atmosphere reigns in France… The Army and the Air Force are staunchly opposed to de Gaulle…At least 80 percent of the officers are violently against him. They haven’t forgotten that in 1958, he had given his word of honor that he would never abandon Algeria. He is now reneging on his promise, and they hate him for that. de Gaulle surely won’t last if he tries to let go of Algeria. Everything will probably be over for him by the end of the year—he will be either deposed or assassinated.” The attempted coup was led by Maurice Challe, whom de Gaulle had reason to conclude was working with the support of U.S. intelligence, and Élysée officials began spreading this word to the press, which reported the CIA as a “reactionary state-within-a-state” that operated outside of Kennedy’s control. Shortly before Challe’s resignation from the French military, he had served as NATO commander in chief and had developed close relations with a number of high-ranking U.S. officers stationed in the military alliance’s Fontainebleau headquarters. In August 1962 the OAS (Secret Army Organization) made an assassination attempt against de Gaulle, believing he had betrayed France by giving up Algeria to Algerian nationalists. This would be the most notorious assassination attempt on de Gaulle (who would remarkably survive over thirty assassination attempts while President of France) when a dozen OAS snipers opened fire on the president’s car, which managed to escape the ambush despite all four tires being shot out. After the failed coup d’état, de Gaulle launched a purge of his security forces and ousted General Paul Grossin, the chief of SDECE (the French secret service). Grossin was closely aligned with the CIA, and had told Frank Wisner over lunch that the return of de Gaulle to power was equivalent to the Communists taking over in Paris. In 1967, after a five-year enquête by the French Intelligence Bureau, it released its findings concerning the 1962 assassination attempt on de Gaulle. The report found that the 1962 assassination plot could be traced back to the NATO Brussels headquarters, and the remnants of the old Nazi intelligence apparatus. The report also found that Permindex had transferred $200,000 into an OAS bank account to finance the project. As a result of the de Gaulle exposé, Permindex was forced to shut down its public operations in Western Europe and relocated its headquarters from Bern, Switzerland to Johannesburg, South Africa, it also had/has a base in Montreal, Canada where its founder Maj. Gen. Louis M. Bloomfield (former OSS) proudly had his name amongst its board members until the damning de Gaulle report. The relevance of this to Kennedy will be discussed shortly. As a result of the SDECE’s ongoing investigation, de Gaulle made a vehement denunciation of the Anglo-American violation of the Atlantic Charter, followed by France’s withdrawal from the NATO military command in 1966. France would not return to NATO until April 2009 at the Strasbourg-Kehl Summit. In addition to all of this, on Jan. 14th, 1963, de Gaulle declared at a press conference that he had vetoed British entry into the Common Market. This would be the first move towards France and West Germany’s formation of the European Monetary System, which excluded Great Britain, likely due to its imperialist tendencies and its infamous sin City of London. Former Secretary of State Dean Acheson telegrammed West German Chancellor Konrad Adenauer directly, appealing to him to try to persuade de Gaulle to back track on the veto, stating “if anyone can affect Gen. de Gaulle’s decision, you are surely that person.” Little did Acheson know that Adenauer was just days away from signing the Franco-German Treaty of Jan 22nd, 1963 (also known as the ÉlyséeTreaty), which had enormous implications. Franco-German relations, which had long been dominated by centuries of rivalry, had now agreed that their fates were aligned. (This close relationship was continued to a climactic point in the late 1970s, with the formation of the European Monetary System, and France and West Germany’s willingness in 1977 to work with OPEC countries trading oil for nuclear technology, which was sabotaged by the U.S.-Britain alliance. The Élysée Treaty was a clear denunciation of the Anglo-American forceful overseeing that had overtaken Western Europe since the end of WWII. On June 28th, 1961, Kennedy wrote NSAM #55. This document changed the responsibility of defense during the Cold War from the CIA to the Joint Chiefs of Staff and would have (if seen through) drastically changed the course of the war in Vietnam. It would also have effectively removed the CIA from Cold War military operations and limited the CIA to its sole lawful responsibility, the collecting and coordination of intelligence. By Oct 11th, 1963, NSAM #263, closely overseen by Kennedy[14], was released and outlined a policy decision “to withdraw 1,000 military personnel [from Vietnam] by the end of 1963” and further stated that “It should be possible to withdraw the bulk of U.S. personnel by 1965.” The Armed Forces newspaper Stars and Stripes had the headline U.S. TROOPS SEEN OUT OF VIET BY ’65. It would be the final nail in the coffin. Treason in America “Treason doth never prosper; what is the reason? Why, if it prosper, none dare call it treason.” – Sir John Harrington By Germany supporting de Gaulle’s exposure of the international assassination ring, his adamant opposition to western imperialism and the role of NATO, and with a young Kennedy building his own resistance against the imperialist war of Vietnam, it was clear that the power elite were in big trouble. On November 22nd, 1963 President Kennedy was brutally murdered in the streets of Dallas, Texas in broad daylight. With the assassination of Ngo Dinh Diem, likely ordained by the CIA, on Nov. 2nd, 1963 and Kennedy just a few weeks later, de facto President Johnson signed NSAM #273 on Nov. 26th, 1963 to begin the reversal of Kennedy’s policy under #263. And on March 17th, 1964, Johnson signed NSAM #288 that marked the full escalation of the Vietnam War and involved 2,709,918 Americans directly serving in Vietnam, with 9,087,000 serving with the U.S. Armed Forces during this period. The Vietnam War would continue for another 12 years after Kennedy’s death, lasting a total of 20 years for Americans, and 30 years if you count American covert action in Vietnam. Two days before Kennedy’s assassination, a hate-Kennedy handbill was circulated in Dallas accusing the president of treasonous activities including being a communist sympathizer. On November 29th, 1963 the Warren Commission was set up to investigate the murder of President Kennedy. The old Congressman Hale Boggs of Louisiana was a member of that Warren Commission. Boggs became increasingly disturbed by the lack of transparency and rigour exhibited by the Commission and became convinced that many of the documents used to incriminate Oswald were in fact forgeries. In 1965 Rep. Boggs told New Orleans District Attorney Jim Garrison that Oswald could not have been the one who killed Kennedy. It was Boggs who encouraged Garrison to begin the only law enforcement prosecution of the President’s murder to this day. Nixon was inaugurated as President of the United States on Jan 20th, 1969. Hale Boggs soon after called on Nixon’s Attorney General John Mitchell to have the courage to fire J. Edgar Hoover. It wasn’t long thereafter that the private airplane carrying Hale Boggs disappeared without a trace. Jim Garrison was the District Attorney of New Orleans from 1962 to 1973 and was the only one to bring forth a trial concerning the assassination of President Kennedy. In Jim Garrison’s book “On the Trail of the Assassins”, J. Edgar Hoover comes up several times impeding or shutting down investigations into JFK’s murder, in particular concerning the evidence collected by the Dallas Police Department, such as the nitrate test Oswald was given and which exonerated him, proving that he never shot a rifle the day of Nov 22nd, 1963. However, for reasons only known to the government and its investigators this fact was kept secret for 10 months. It was finally revealed in the Warren Commission report, which inexplicably didn’t change their opinion that Oswald had shot Kennedy. Another particularly damning incident was concerning the Zapruder film that was in the possession of the FBI and which they had sent a “copy” to the Warren Commission for their investigation. This film was one of the leading pieces of evidence used to support the “magic bullet theory” and showcase the direction of the headshot coming from behind, thus verifying that Oswald’s location was adequate for such a shot. During Garrison’s trial on the Kennedy assassination (1967-1969) he subpoenaed the Zapruder film that for some peculiar reason had been locked up in some vault owned by Life magazine (the reader should note that Henry Luce the owner of Life magazine was in a very close relationship with the CIA). This was the first time in more than five years that the Zapruder film was made public. It turns out the FBI’s copy that was sent to the Warren Commission had two critical frames reversed to create a false impression that the rifle shot was from behind. When Garrison got a hold of the original film it was discovered that the head shot had actually come from the front. In fact, what the whole film showed was that the President had been shot from multiple angles meaning there was more than one gunman. When the FBI was questioned about how these two critical frames could have been reversed, they answered self-satisfactorily that it must have been a technical glitch… There is also the matter of the original autopsy papers being destroyed by the chief autopsy physician, James Humes, to which he even testified to during the Warren Commission, apparently nobody bothered to ask why… This would explain why the Assassination Records Review Board (ARRB), reported in a July 1998 staff report their concern for the number of shortcomings in the original autopsy, that “One of the many tragedies of the assassination of President Kennedy has been the incompleteness of the autopsy record and the suspicion caused by the shroud of secrecy that has surrounded the records that do exist.” [emphasis added] The staff report for the Assassinations Records Review Board contended that brain photographs in the Kennedy records are not of Kennedy’s brain and show much less damage than Kennedy sustained. There is a lot of spurious effort to try to ridicule anyone who challenges the Warren Commission’s official report as nothing but fringe conspiracy theory. And that we should not find it highly suspect that Allen Dulles, of all people, was a member and pretty much leader of said commission. The reader should keep in mind that much of this frothing opposition stems from the very agency that perpetrated crime after crime on the American people, as well as abroad. When has the CIA ever admitted guilt, unless caught red-handed? Even after the Church committee hearings, when the CIA was found guilty of planning out foreign assassinations, they claimed that they had failed in every single plot or that someone had beaten them to the punch, including in the case of Lumumba. The American people need to realise that the CIA is not a respectable agency; we are not dealing with honorable men. It is a rogue force that believes that the ends justify the means, that they are the hands of the king so to speak, above government and above law. Those at the top such as Allen Dulles were just as adamant as Churchill about protecting the interests of the power elite, or as Churchill termed it, the “High Cabal.” Interestingly, on Dec. 22nd, 1963, just one month after Kennedy’s assassination, Harry Truman published a scathing critique of the CIA in The Washington Post, even going so far as to state “There is something about the way the CIA has been functioning that is casting a shadow over our historic position [as a] free and open society, and I feel that we need to correct it.” The timing of such a scathing quote cannot be stressed enough. Dulles, of course, told the public not to be distressed, that Truman was just in entering his twilight years. In addition, Jim Garrison, New Orleans District Attorney at the time, who was charging Clay Shaw as a member of the conspiracy to kill Kennedy, besides uncovering his ties to David Ferrie who was found dead in his apartment days before he was scheduled to testify, also made a case that the New Orleans International Trade Mart (to which Clay Shaw was director), the U.S. subsidiary of Permindex, was linked to Kennedy’s murder. Col. Clay Shaw was an OSS officer during WWII, which provides a direct link to his knowing Allen Dulles. Garrison did a remarkable job with the odds he was up against, and for the number of witnesses that turned up dead before the trial… This Permindex link would not look so damning if we did not have the French intelligence SDECE report, but we do. And recall, in that report Permindex was caught transferring $200,000 directly to the bankroll of the OAS which attempted the 1962 assassination on de Gaulle. Thus, Permindex’s implication in an international assassination ring is not up for debate. In addition, the CIA was found heavily involved in these assassination attempts against de Gaulle, thus we should not simply dismiss the possibility that Permindex was indeed a CIA front for an international hit crew. In fact, among the strange and murderous characters who converged on Dallas in Nov. 1963 was a notorious French OAS commando named Jean Souetre, who was connected to the plots against President de Gaulle. Souetre was arrested in Dallas after the Kennedy assassination and expelled to Mexico, not even kept for questioning. What Does the Future Hold? After returning from Kennedy’s Nov. 24th funeral in Washington, de Gaulle and his information minister Alain Peyrefitte had a candid discussion that was recorded in Peyrefitte’s memoire “C’était de Gaulle,” the great General was quoted saying: “What happened to Kennedy is what nearly happened to me… His story is the same as mine. … It looks like a cowboy story, but it’s only an OAS [Secret Army Organization] story. The security forces were in cahoots with the extremists. …Security forces are all the same when they do this kind of dirty work. As soon as they succeed in wiping out the false assassin, they declare the justice system no longer need be concerned, that no further public action was needed now that the guilty perpetrator was dead. Better to assassinate an innocent man than to let a civil war break out. Better an injustice than disorder. America is in danger of upheavals. But you’ll see. All of them together will observe the law of silence. They will close ranks. They’ll do everything to stifle any scandal. They will throw Noah’s cloak over these shameful deeds. In order to not lose face in front of the whole world. In order to not risk unleashing riots in the United States. In order to preserve the union and to avoid a new civil war. In order to not ask themselves questions. They don’t want to know. They don’t want to find out. They won’t allow themselves to find out.” The American people would do well to remember that it was first John F. Kennedy, acting as the President to the United States, who was to be declared a terrorist and threat to his country’s national security. Thus is it not natural that those who continue to defend the legacy of Kennedy should be regarded today as threat, not truly to the nation’s security, but a threat to the very same grouping responsible for Kennedy’s death and whom today have now declared open war on the American people. This will be the greatest test the American people have ever been confronted with, and it will only be through an understanding of how the country came to where it is today that there can be sufficient clarity as to what the solutions are, which are not to be found in another civil war. To not fall for the trapping of further chaos and division, the American people will only be able to rise above this if they choose to ask those questions, if they choose to want to know, to want to find out the truth of things they dared not look at in the past for fear of what it would reveal. “Whenever the government of the United States shall break up, it will probably be in consequence of a false direction having been given to public opinion. This is the weak point of our defenses, and the part to which the enemies of the system will direct all their attacks. Opinion can be so perverted as to cause the false to seem true; the enemy, a friend, and the friend, an enemy; the best interests of the nation to appear insignificant, and the trifles of moment; in a word, the right the wrong, the wrong the right. In a country where opinion has sway, to seize upon it, is to seize upon power. As it is a rule of humanity that the upright and well-intentioned are comparatively passive, while the designing, dishonest, and selfish are the most untiring in their efforts, the danger of public opinion’s getting a false direction is four-fold, since few men think for themselves.” -James Fenimore Cooper (1789-1851) We must dare to be among the few who think for ourselves. Tyler Durden Mon, 11/22/2021 - 22:20.....»»

Category: blogSource: zerohedgeNov 22nd, 2021

The 23 best history books written by women, from previously untold war stories to page-turning biographies

From this year's Pulitzer Prize-winning history book to detailed war stories and biographies, these are the best history books written by women. From this year's Pulitzer Prize-winning history book to detailed war stories and biographies, these are the best history books written by women.Amazon; Bookshop; Alyssa Powell/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more. About 75% of history books are written by men, and many ignore the perspectives of women. These history books were all written by women, including this year's Pulitzer Prize winner. Want more books? Check out the best historical fiction books. In 2015, a study concluded about 75% of history books, from biographies to war histories, are written by men. Throughout time, white men have often dominated historical narratives, ignoring the perspectives of women, BIPOC, and queer communities whose truths and histories differ from the authors of the majority of history books. To gather these recommendations of great history books written by women, we looked at bestseller lists on Amazon and Audible, plus recommendations from Goodreads reviewers. The books on this list cover a wide range of topics, from true princess stories to American history from a fresh perspective, offering something new for any reader looking for a great history book written by a woman. The 23 best history books written by women:"Franchise: The Golden Arches in Black America" by Marcia ChatelainBookshop"Franchise: The Golden Arches in Black America" by Marcia Chatelain, available at Amazon and Bookshop, from $14.79The winner of the 2021 Pulitzer Prize for History, "Franchise" is the true history behind fast-food restaurants and their turbulent relationships with Black communities. Marcia Chatelain's history read examines the conflicts of capitalism, franchising, and tension between McDonald's and the civil rights movement."Unbroken: A World War II Story of Survival, Resilience and Redemption" by Laura HillenbrandBookshop"Unbroken: A World War II Story of Survival, Resilience and Redemption" by Laura Hillenbrand, available at Amazon and Bookshop, from $12.49In May of 1943, a bomber flown by Lieutenant Louis Zamperini of the Army Air Forces crashed into the middle of the ocean, leaving the young officer stranded with little chance of survival. This historical account follows his journey to safety under the impossible circumstances during World War II. "An Indigenous Peoples' History of the United States" by Roxanne Dunbar-OrtizAmazon"An Indigenous Peoples' History of the United States" by Roxanne Dunbar-Ortiz, available at Amazon and Bookshop, from $13.22This history book spans 400 years of American history through the perspective of Indigenous people that have been brutalized, destabilized, and constantly taken advantage of by United States leadership. Beginning with life before colonization, this necessary historical read chronicles the devastating truth of American history without sugar-coating any events."The Radium Girls: The Dark Story of America's Shining Women" by Kate MooreAmazon"The Radium Girls: The Dark Story of America's Shining Women" by Kate Moore, available at Amazon and Bookshop, from $12.97When Marie Curie discovered radium, it was quickly incorporated into medication, beauty products, and even beverages. This shocking history read focuses on the hundreds of young women who worked coveted jobs in radium factories, unaware of the fatal side effects of radium exposure."Hidden Figures: The American Dream and the Untold Story of the Black Women Mathematicians Who Helped Win the Space Race" by Margot Lee ShetterlyAmazon"Hidden Figures: The American Dream and the Untold Story of the Black Women Mathematicians Who Helped Win the Space Race" by Margot Lee Shetterly, available at Amazon and Bookshop, from $10.17Known for its popular 2016 film adaptation, "Hidden Figures" is a New York Times bestseller about five Black female mathematicians who worked for NASA through World War II, the Space Race, and the Cold War. Segregated from their white coworkers, these women were instrumental in developing flight calculations, rocket launches, and scientific advancements that would change history and pave the way for future scientists and mathematicians."Notable Native People: 50 Indigenous Leaders, Dreamers, and Changemakers from Past and Present" by Adrienne KeeneBookshop"Notable Native People: 50 Indigenous Leaders, Dreamers, and Changemakers from Past and Present" by Adrienne Keene, available at Amazon and Bookshop, from $16.46"Notable Native People" is an accessible and illustrated history read about 50 Indigenous people (including Alaskan and Hawaiian natives). From artists and athletes to activists and scientists, this nonfiction read is a great resource to learn about Indigenous history, culture, and challenges these communities have faced."The Field of Blood: Violence in Congress and the Road to Civil War" by Joanne B. FreemanAmazon"The Field of Blood: Violence in Congress and the Road to Civil War" by Joanne B. Freeman, available at Amazon and Bookshop, from $11.99Joanne B. Freeman is a historian who drew from a broad range of resources to create "The Field of Blood," a historical account and analysis of the turbulent and violent years in Congress before the Civil War. From newspaper conspiracies that raised tensions to literal fistfights between representatives, this historical read paints a troubling picture of growing violence in government from the 1830s through the Civil War and how these conflicts affected history."The Library Book" by Susan OrleanAmazon"The Library Book" by Susan Orlean, available at Amazon and Bookshop, from $9.85On April 29, 1986, a fire began at the Los Angeles Public Library that reached 2000 degrees, burned for seven hours, and destroyed and damaged 11,000 books. "The Library Book" is a nonfiction read that chronicles the LAPL fire, reexamines the case of a man suspected of starting the fire, and demonstrates the crucial role libraries play in society."The Rape of Nanking" by Iris ChangBookshop"The Rape of Nanking" by Iris Chang, available at Amazon and Bookshop, from $16.13During the Sino-Japanese War, Japanese General Matsui Iwane ordered the destruction of Nanking, resulting in a horrifying massacre where over 300,000 Chinese civilians were raped and murdered. Iris Chang is a historian and journalist who uses the perspectives of Japanese soldiers, Chinese civilians, and a group of Europeans and Americans who refused to abandon Nanking to tell the story of this painful piece of history."Caste: The Origins of Our Discontents" by Isabel WilkersonBookshop"Caste: The Origins of Our Discontents" by Isabel Wilkerson, available at Amazon and Bookshop, from $14.79The winner of the 2020 Goodreads Choice Awards for History and nominated for the National Book Award amongst countless other awards, "Caste" is a masterful history book about the caste system that has shaped America and continues to divide society. Deeply researched, this nonfiction read explores eight pillars that exist within caste systems around the world and through history, drawing from countless stories that demonstrate the effects of caste systems and the ways in which we can move forward to a hopeful future."The Three Mothers: How the Mothers of Martin Luther King, Jr., Malcolm X, and James Baldwin Shaped a Nation" by Anna Malaika TubbsBookshop"The Three Mothers: How the Mothers of Martin Luther King, Jr., Malcolm X, and James Baldwin Shaped a Nation" by Anna Malaika Tubbs, available at Amazon and Bookshop, from $18Seeking to fill a gaping hole in history, scholar Anna Malaika Tubbs wrote the story of three mothers who would make enduring marks on history not only through their sons, but through their own resistance and beliefs. Louise Little, Alberta Williams King, and Emma Berdis Jones were each raised beneath suffocating Jim Crow laws and raised their sons with all of their love and knowledge, pushing each child on to greatness."The Immortal Life of Henrietta Lacks" by Rebecca SklootAmazon"The Immortal Life of Henrietta Lacks" by Rebecca Skloot, available at Amazon and Bookshop, from $12.10Henrietta Lacks was a woman whose cells were taken without her knowledge and studied for decades, ultimately used to develop a polio vaccine, study cancer, and test the effects of an atomic bomb. Now dead for over 60 years, Henrietta is buried in an unmarked grave and her family has been offered no compensation, despite her cells launching a multi-million dollar industry and having been cloned millions of times. This nonfiction read combines science and history to uncover the story of Henrietta Lacks, her cells, and the consequences of scientific discovery."Princesses Behaving Badly: Real Stories from History-Without the Fairy-Tale Endings" by Linda Rodríguez McRobbieBookshop"Princesses Behaving Badly: Real Stories from History-Without the Fairy-Tale Endings" by Linda Rodríguez McRobbie, available at Amazon and Bookshop, from $15.59"Princesses Behaving Badly" is a historical read that offers the true tales of princesses through time who don't have the fairytale lives we've seen in cartoons and bedtime stories. This book offers the stories of real-life princesses, from princess spies and pirates to warriors and rebels, and is perfect for history buffs or anyone looking for a unique series of mini-biographies."The Three-Cornered War: The Union, the Confederacy, and Native Peoples in the Fight for the West" by Megan Kate NelsonBookshop"The Three-Cornered War: The Union, the Confederacy, and Native Peoples in the Fight for the West" by Megan Kate Nelson, available at Amazon and Bookshop, from $13.49While most may think of the Civil War as a battle between the North and the South, the war also devastated Indigenous communities in the West. A finalist for the 2021 Pulitzer Prize for History, this nonfiction read focuses on nine individuals, from a Union Army wife who cared for Confederate soldiers in New Mexico to a Navajo woman who resisted the Union's campaigns."The 1619 Project: A New Origin Story" by Nikole Hannah-JonesAmazon"The 1619 Project: A New Origin Story" by Nikole Hannah-Jones, available at Amazon and Bookshop, from $24.99A year before the famous Mayflower landed on the shores of Massachusetts, another ship arrived on the shores of what would one day be Virginia, carrying 20-30 enslaved people from Africa. This history book redefines the early histories we've been taught and demonstrates how this ship's arrival in 1619 spurred centuries of slavery and persistent racism in the future United States."The Making of Asian America: A History" by Erika LeeBookshop"The Making of Asian America: A History" by Erika Lee, available at Amazon and Bookshop, from $17.49Erika Lee is a writer, professor, and historian who aims to help readers understand America's present through the past, writing the books she always wanted to answer her questions about immigrants, Asian Americans, and race. "The Making of Asian America" spans from the 1500s to the present, analyzing Asian immigration to America, historical mistreatment of Asian Americans, and the complicated relationship that still exists between America and Asian American citizens."When Women Ruled the World: Six Queens of Egypt" by Kara CooneyBookshop"When Women Ruled the World: Six Queens of Egypt" by Kara Cooney, available at Amazon and Bookshop, from $14.69In "When Women Ruled the World," Egyptologist Kara Cooney chronicles the lives and reign of six female pharaohs from Hatshepsut to Cleopatra and examines how their rule differed from the role of women in politics for thousands of years after. As women have historically been used as political pawns, Kara Cooney examines how these female pharaohs evaded such a path, and ruled with real power, along with what we can learn from their leadership today."The Five: The Untold Lives of the Women Killed by Jack the Ripper" by Hallie RubenholdAmazon"The Five: The Untold Lives of the Women Killed by Jack the Ripper" by Hallie Rubenhold, available at Amazon and Bookshop, from $10.19Jack the Ripper is a serial killer who has never been identified, but whose crimes and untrue history have become exponentially more famous than the women he killed. Both gripping true crime and fascinating history, this nonfiction read uses the stories of five women to tell the truth about Jack the Ripper."A Black Women's History of the United States" by Dr. Daina Ramey Berry and Dr. Kali Nicole GrossAmazon"A Black Women's History of the United States" by Dr. Daina Ramey Berry and Dr. Kali Nicole Gross, available at Amazon and Bookshop, from $14.72Using a range of voices from enslaved women to civil rights activists, historians Dr. Daina Ramey Berry and Dr. Kali Nicole Gross emphasize the narratives of Black women through America's history. This history book follows inspirational women through some of the most devastating pieces of America's history, exploring how Black women have always shaped history even if their stories were silenced."Last Boat Out of Shanghai: The Epic Story of the Chinese Who Fled Mao's Revolution" by Helen ZiaAmazon"Last Boat Out of Shanghai: The Epic Story of the Chinese Who Fled Mao's Revolution" by Helen Zia, available at Amazon and Bookshop, from $16.56In 1949, China's Communist revolution drove countless Shanghai citizens out of the city in fear. "Last Boat Out of Shanghai" follows the stories of four young people who wrestled with their own decisions to flee and landed as refugees in Hong Kong, Taiwan, and the United States. Though driven by different circumstances, each story is linked by personal trauma from the Japanese invasion, civil war, and communist revolution as the refugees looked to make new lives for themselves."The Woman's Hour: The Great Fight to Win the Vote" by Elaine F. WeissAmazon"The Woman's Hour: The Great Fight to Win the Vote" by Elaine F. Weiss, available at Amazon and Bookshop, from $13.49"The Woman's Hour" is an inspiring historical read about the fight to ratify the 19th amendment and grant women the right to vote. A great read for anyone looking to understand the complexities and challenges faced by the women's rights movement, this nonfiction book is energetic, fascinating, and contains incredible imagery of the United States in 1920."Blood in the Water: The Attica Prison Uprising of 1971 and Its Legacy" by Heather Ann ThompsonAmazon"Blood in the Water: The Attica Prison Uprising of 1971 and Its Legacy" by Heather Ann Thompson, available at Amazon and Bookshop, from $16.95On September 9, 1971, almost 1,300 prisoners at the Attica Correctional Facility in upstate New York rose in a protest against mistreatment that led to a four-day hostage negotiation for improved living conditions. "Blood in the Water" is the civil rights history of the events that led to the protest, the details of the four-day standoff that ended with 39 dead and nearly 100 injured, and the consequences that lasted decades."Liar, Temptress, Soldier, Spy: Four Women Undercover in the Civil War" by Karen AbbottAmazon"Liar, Temptress, Soldier, Spy: Four Women Undercover in the Civil War" by Karen Abbott, available at Amazon and Bookshop, from $14.89With in-depth research from primary source materials and interviews, Karen Abbott has brought to life the stories of four previously unheard-of women who each became spies during the Civil War. Each from different walks of life and armed with different motives, the women became courageous heroines in the war, their stories finally told in this nonfiction read that also contains 39 photographs.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 18th, 2021

24 of our favorite gifts for parents who have everything, from custom breast milk jewelry to a bike for the whole family

If you're looking to gift a parent who needs nothing, these thoughtful gift options are sure to surprise them. When you buy through our links, Insider may earn an affiliate commission. Learn more. lisegagne / Getty Images It can be tough to find a special gift for parents, but they deserve to be celebrated. We rounded up our favorite unique gifts that will surprise even the parent who has it all. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Gifting parents is always hard, but they deserve to be celebrated as much as kids do. After all, they are the ones working around the clock to keep everyone happy, while sometimes also working a full-time job. Yes, becoming a parent sometimes means leaving all your hobbies and interests aside for a little bit, but when the occasion arises to treat them, why not give the parents in your life a cool gift you know they'll love or at least be intrigued by. Because these are original and unusual gifts they likely don't have, some are on the pricier side but we've included some clever, thoughtful budget options as well.Here are 24 of our favorite gifts for the parents who have everything: For the parent who has no time to cook but still loves yummy meals Thermomix Thermomix TM6, available at Thermomix, $1,499While $1,500 may seem like a lot to spend on a kitchen gadget, the Thermomix is considered essential in many European countries and it's easy to see why. It does everything: from weighing ingredients to knowing how much you need to slicing, chopping, and mixing.You can look up thousands of recipes (even in multiple languages) with it and cooking is as easy as following instructions on the screen. Plus, my kids love helping prep food with "the robot," as they call it. If you're looking for an option that doesn't cost as much, we recommend the Cuisinart Complete Chef.  For the parents who want to enjoy some child-free time Breeo Breeo X Series 19 Smokeless Fire Pit, available at Breeo, $349This fire pit is smokeless and so easy to get going. Its secret is just a better ventilation system that pulls up air to reburn the smoke. That means no more moving around the firepit to avoid that overwhelming campfire smell.The fire pit is ideal year-round and will hold up in any kind of weather. You can choose between stainless steel and Corten steel, which gives it a more rustic look, and throw in some extra add-ons for them to cook over an open fire.  For the parents who want to grow their own veggies without much hassle The Farmstand The Farmstand, available at Lettuce Grow, from $348For parents looking to grow their own vegetables at home, indoors or out, there's The Farmstand self-watering and fertilizing tower. It's pretty much plug and play: pop the pods in, fill the tank with water, and just wait for veggies to sprout. For a budget option, we like the Aerogarden for growing veggies right on the kitchen counter. For the parent who wants to enjoy snow play with the kids Funboy Funboy Winter Wave Snow Toboggan Sled, available at Funboy, $79Who said sledding down a snowy hill is only reserved for kids? This colorful inflatable sled can be enjoyed by the whole family. It holds two people, up to 250 pounds, and its durable reinforced bottom ensures they can use it over and over again.  For the parent who is ready to ditch the car Rad Power Bikes Rad Wagon 4 Electric Cargo Bike, available at Rad Power Bikes, $1,899This electric cargo bike will make the trip enjoyable for everyone, and they can alternate between pedaling or using the electric motor. The Wagon safely carries up to two children in bike seats, making it a nice alternative for those who want to ditch the car for school drop-offs. But, it's not made just to carry kids, they can also add accessories for carrying packages and larger cargo.  For the parent who works from home but needs a break from the dining room table The Edge Desk The Edge Desk, available at The Edge Desk System, $399.99Some parents have been working from home for almost two years while also sharing the table with children and other family members and, of course, making room for meals. This desk allows parents to have their own space, but even better, it alleviates back pain from sitting all day.They will basically rest their knees on a pad, sit on a little stool-like seat, and this position ensures they maintain a straight-back posture. It comes fully assembled — one less thing for them to worry about. For the parents looking for some extra fun under the covers PlusOne Plus One Sex Toys, available at Amazon, Target, and Plus One, from $14.99The whole notion that parents don't have sex is just antiquated. They do, and why not have things be more entertaining by adding a Plus One toy? These sex toys come in an array of prices, sizes, and exploration levels. One of Plus One's client favorites is this air-pulsing arouser. For the parents who love exploring new treats from the comfort of home Bokksu Bokksu Subscription, available at Bokksu, from $39.95They'll be ready to explore Japan from home with this subscription service that delivers delicious treats monthly. Every box supports family-run businesses in Japan and helps keep traditions alive. The boxes come with a variety of sweet treats, savory snacks, and teas.  For the parent who loves nail art but has no time to go to the salon ManiMe Mani Me Manicure Sets, available at ManiMe, from $12As someone who loves nail art, these sets have kept my nails happy while not being able to go for my usual manicure. There are plain and nail art sets and they are super easy to apply and remove. They last up to 10 days and are toxin-free.  For the parent who wants to have a really special piece of jewelry Milk & Honey Milk and Honey Breastmilk Jewelry DIY Kit, available at Milk and Honey, $145With this at-home kit, they can make a handful of pieces of jewelry with breast milk, formula, baby hairs, or even placenta bits. It's a truly unique way to immortalize the earth-shattering life event that is becoming a parent.The kit comes with all the materials, including resin, to create custom pieces. If the person you are gifting is not super crafty, you can always give them a gift card so Milk and Honey can make a piece of jewelry for them. For the parent who wants to take gaming to the next level Oculus Oculus Quest 2, available at Amazon and Best Buy, $299The Oculus VR headset allows them to be somewhere else, without leaving their house. It's perfect for both advanced gamer parents and also those just starting out. Oculus offers a wide range of virtual reality games to explore. While my husband enjoys more action-filled and sometimes scary games, I'm more into fun and sometimes addictive games like "Beat Saber" and "Moss." For the parent who loves plants but has little time to take care of them Botany Box The Original Botany Box, available at Botany Box, $54Botany Box ships succulents that will brighten up any corner of their house. Pre-potted and easy to take care of, these little plants are ready to thrive by the nearest window. For the parent who does everything one-handed, even baking KitchenAid Kitchenaid Nonstick Cookie Slider, available at Amazon, Target, and Kohl's, from $19.99Many parents know how to do almost anything with just one hand, simply out of necessity. Baking cookies is an all-time favorite activity for my family, but I often find myself struggling with getting the cookies off the pan one-handed. This slider pan makes it so cookies easily slide off onto a plate.  A fun activity for the whole family to play together Amazon Jenga Giant, available at Amazon, $99.95This giant version of the beloved game is perfect for adults to play outside with friends. But it's also a great way to bring the whole family together inside on a rainy day.  For the parent who needs a little help waking up in the morning Hatch Hatch Restore, available at Hatch, $129.99The Restore combines a soothing sound machine for deeper sleep with a sunrise alarm for a more gentle wake-ups in the morning. Parents can personalize it for their routine and even enjoy guided meditation to help wind down after a long day chasing children. For the parent who wants royalty-style jewelry Merci Mamam The Duchess Necklace, available at Merci Mamam, from $189Kate Middleton has this necklace, customized with her children's names and Prince William's initials. It is beautifully crafted and complements any outfit. You can personalize it for your recipient's family with "boy" and "girl" charms and choose from three metals and different chain lengths. For the parent who needs a better night's sleep Luna Luna Weighted Blanket, available at Amazon, from $54.99I added a weighted blanket after postpartum insomnia left me awake for days after the birth of my twins. This blanket will hug a parent while they lie in bed with 15 pounds of weighted glass beads.Although research is still limited, many people find weighted blankets help reduce their anxiety and add some extra hours of sleep. This one is available in smaller sizes, so if the person you are gifting does not want to share with their partner (like myself and my husband) you can size down. For the parent who gave up alcohol but still likes a yummy beverage Tost Töst All-Natural Non-Alcoholic Sparkling Beverage, available at Amazon, $32Last year, I quit alcohol because, even when having only one drink, I noticed how it affected my sleep and mood. Maybe it was all those sober years while I was pregnant and breastfeeding that changed the way my body processes alcohol. That said, I still enjoy a good yummy drink. Made with white tea, cranberry, and ginger, Töst is the perfect drink for us sober parents.  For the parent who wants a pick-me-up with extra moisture for their skin Skin Proud Skin Proud Frozen Over Moisturizer, available at Walmart and ASOS, from $15.97I'll admit I'm not the best at moisturizing and only recently started doing it because my face was basically begging for it. This Skin Proud moisturizer feels more like a gel and absorbs quickly, leaving my skin feeling soft and happy. What's even better, I can put it in my freezer for a couple of hours for a more cooling effect, ideal after a hot summer day. For the parent who wants to layer up in style State Cashmere The Cropped V-Neck Tank Top, available at State Cashmere, $90This cropped tank is as soft as butter and so incredibly comfortable. Initially, I was confused as to why I'd need anything in cashmere that was not a sweater, but the second I put this tank on I understood why. It's perfect to wear under a buttoned shirt or by itself.  For the new birthing parent who wants short workouts while also being mindful of recovery The DB Method The DB Method Machine, available at The DB Method, $329This machine helps with recovery from diastasis recti, among other benefits like lifting and toning the legs and rear. It is super easy to assemble and can be folded to store under the couch, meaning it won't take up precious play space. Khloe Kardashian credits this machine for her post-baby fitness. For the parent looking to start a new sport Bote Bote Breeze Aero 10′8″ Classic Teak Inflatable Paddle Board, available at Bote, $584.10This inflatable paddle board is lightweight but also super stable. It is ideal for those who are just beginning their paddle board adventures. Since it's inflatable, it's not only easy to store during cold months but also easy to transport in the car with kids.Because of its weight limit, the Bote Breeze is best for solo paddle board adventures. But, if you're looking for a board that can carry a parent and a child (or a dog), this one from iRocker is great because it has a 400-pound weight limit.  For the parent who loves to drink coffee and also support fair trade 44 North Coffee 44 North Coffee Beans, available at 44 North Coffee, from $8Based in Maine, this coffee shop sells its products across the United States and has supporters all over. Its organic coffee is Fair Trade Certified, but more importantly, absolutely delicious. You can gift beans, a gift card, or if they already know and love the brand, some gear. They also have a coffee sampler for those trying to figure out what blend of coffee they like. All bags come whole bean, but they can ground them for you if you send them a note to remind them.  For the parent who has no time for a facial but still wants to look radiant SolaWave Sola Wave Red Light Wand, available at SolaWave, $149Getting a facial is my favorite activity in the world, but since having kids, I've found myself looking for ways to have that spa-like experience at home. My skin needs it; I need it. This wand gives me just that. It combines microcurrent, red light therapy and vibrations to rejuvenate skin, minimize breakouts, and soften fine lines.  Read the original article on Business Insider.....»»

Category: personnelSource: nytNov 11th, 2021

There"s no one solution to the Great Resignation, experts say. Here"s what to focus on instead.

HR experts offered several ways companies can retain their workforce during Insider's panel Thursday, including focusing on employees' values. Insider Avoiding the Great Resignation as a business requires taking a lot of factors into account. Focus on values, benefits, and having honest conversations with employees, experts said. This was part of Insider's "HR Innovation & Prioritizing People" presented by Workplace from Facebook. In August, 4.3 million Americans quit their jobs, representing almost 3% of the labor force, according to the Bureau of Labor Statistics. The trend, dubbed "the Great Resignation," continues to affect businesses.During a session titled "How to Avoid the 'Great Resignation,'" a part of the event "HR Innovation & Prioritizing People" presented by Workplace from Facebook and moderated by Insider's senior editor of strategy Chris Weller, experts offered a few solutions for how companies can retain their workforce."The solution to this great resignation is, unfortunately, there are no silver bullets," George LaRocque, founder and principal analyst at WorkTech, said during the panel. "There's no one-size-fits-all solution." Raising pay helps, but conversations should center on wellness, benefits, attracting more diverse talent, collaboration, and communication as well. Pay is just "table stakes," he added."What's really driving the decision to stay or the decision to take a position tends to be around the value that is coming from the work," LaRocque said. Regardless of the career stage of employees, his research found that most were willing to take a position for less pay if they got more value from their work. People are choosing to engage with work differently today, Ian Cook, VP of people analytics at Visier, said. It could be that they want more flexibility, a change in their career track, or for employers to better represent their values. "If employers are not paying attention to that, we believe they're going to be missing out, they're not going to avoid the resignations, and they're going to deepen their challenges," he said. Businesses should start by listening to employees and finding out what they truly want, Cook said. What do they value most? Is it flexibility, work relationships, or something else?Focus on both day-to-day and long term, LaRocque said, "then create an environment where they feel comfortable sharing that information. That's really important.""We're focusing on understanding that at the team level, the little actions that can be taken to facilitate making work work for people, enjoyable, and rewarding. That's what most people are looking for and that's how you build retention from the ground up," Cook said.Focusing on wellness, work-life balance, and wellbeing is critical, too. "We've seen a huge uptick in the adoption of marketplaces and technology and services that bring everything from coaching and mentors to psychiatrists and interpersonal connections within the workforce in order to address this," LaRocque said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 9th, 2021

A collective "mass refusal" to work in poor conditions is driving the labor shortage, according to a labor relations professor

The 'great resignation' is a "kind of mass collective action," according to Professor Robert Bruno, who studies labor relations. A record number of Americans are quitting their jobs. SrdjanPav/Getty Images A "mass refusal" is driving millions to quit, according to a professor who studies labor relations. Robert Bruno said employees are responding to how they've been treated during the pandemic. This "collective action" is fueling the US labor shortage and could lead to better quality jobs in future, he said. A "mass refusal" to work in poor conditions is driving Americans to quit their jobs in record numbers and fueling the labor shortage, according to a professor of labor relations who says the trend could lead to higher-quality jobs in the future. A record number of Americans quit their jobs in August for the fifth month in a row. It's a continuation of what commentators are calling the "great resignation." Professor Robert Bruno, director of the labor education program at University of Illinois Chicago, told The State Journal Register that employees are, in part, responding to how they were treated during the pandemic, where many were laid off or endured abuse from customers. "You end up with this mass refusal," Bruno told The State Journal Register. "It's a great refusal to work under conditions that simply are not suitable to a middle class life."He said that while it's not organized, the refusal was a "kind of mass collective action."Bruno was commenting on state employment figures for Illinois, which show that a record 201,000 residents quit their jobs in August. The trend is being replicated across the country: The latest Bureau of Labor Statistics Openings and Labor Turnover survey showed that 4.3 million Americans quit their job in August.Following the disruption caused by COVID-19, workers now find themselves with more power as companies struggle to retain staff.Workers are demanding higher pay and better working conditions - others are taking the opportunity to progress their career or seek more flexibility, leaving employers scrambling to meet their demands. Bruno said this broader shift could have positive outcomes for the labour market, leading to higher quality jobs as employers roll out livable wages and increase benefits to make employees feel protected. It could also lead to a restructuring of the working day, a greater investment in professional development, pay raises, and promotions, Bruno said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 9th, 2021

Architect quits UCSB"s mostly windowless mega-dorm project funded by Warren Buffett"s right-hand man, Charlie Munger

The architect compared the dorm to a psychological experiment with unknown consequences. An exterior drawing of Munger Hall at UC Santa Barbara. COURTESY IMAGE An architect on the University of California, Santa Barbara's "mega-dorm" project quit over concerns about the project. The project, known as Munger Hall, is primarily financed by Berkshire Hathaway's vice chairman, the billionaire investor Charles Munger. The plan contains 4,536 beds for UCSB undergraduate students and is 1.68 million square feet. Construction of a mega-dorm at the University of California, Santa Barbara, primarily funded by Charlie Munger, is moving ahead, school officials said, even after an architect on the project reportedly quit in protest about the living conditions.Munger, Warren Buffett's longtime right-hand man and Vice Chairman of Berkshire Hathaway, donated $200 million toward the project, known as Munger Hall, with the condition that his blueprints be followed exactly, according to the Santa Barbara Independent.But earlier this week, Dennis McFadden, a consulting architect on UCSB's Design Review Committee (DRC) for over 15 years, left the project, the university confirmed in an email to Insider.According to the Independent, McFadden quit in protest, calling the large project and nearly windowless plan "unsupportable from my perspective as an architect, a parent, and a human being." Munger Hall's proposed plan contains 4,536 beds for UCSB undergraduate students and 8 one-bedroom staff apartments, according to records by the Governor's Office of Planning and Research in California obtained by Insider.A majority of the dorm's single occupancy bedrooms do not have windows. The structure, in its entirety, will be 11-stories tall and approximately 1.68 million gross square feet. A landscaped courtyard within Munger Hall at UC Santa Barbara. COURTESY IMAGE "The Munger Hall project and design is continuing to move forward as planned," a spokesperson from UCSB told Insider. "We are delighted to be moving forward with this transformational project that directly addresses the campus's great need for more student housing."UCSB's total enrollment for 2020-2021 includes 23,196 undergraduates, according to its website. There are currently eight university-owned and operated residence halls at UCSB, which house over 5,000 students. After Munger hall is completed the university will be able to house less than half of its undergraduate students on campus. The housing rate for UCSB's residence halls varies between $15,072 and $20,656 per academic year.Berkshire Hathaway did not immediately respond to Insider's request to comment on Munger's involvement in the project. The project has been slammed by architects who say the many windowless rooms sound like a prison, not a dorm.-Paul Goldberger (@paulgoldberger) October 29, 2021 McFadden expressed concern in his letter of resignation that the university has not offered any data to support this style of housing and its impact on students. McFadden called the project a "social and psychological experiment" with no known "impact on the lives and personal development of the undergraduates" at UCSB, according to the Independent."An ample body of documented evidence shows that interior environments with access to natural light, air, and views to nature improve both the physical and mental wellbeing of occupants," he wrote. "The Munger Hall design ignores this evidence and seems to take the position that it doesn't matter."UCSB did not respond to Insider's request to comment on McFadden's concerns for the well-being of students that will live in Munger Hall."We are grateful for Mr. McFadden's contributions and insights during his tenure as an advisory consultant," the spokesperson said. McFadden told the Independent he decided to resign when the project plans appeared to be set in stone after a meeting in early October."In the nearly fifteen years I served as a consulting architect to the DRC, no project was brought before the committee that is larger, more transformational, and potentially more destructive to the campus as a place than Munger Hall," McFadden told the paper.Read the original article on Business Insider.....»»

Category: personnelSource: nytOct 30th, 2021

VC money used to be trapped in Silicon Valley, leaving startups in other parts of the US out in the cold. Work from home is changing that.

Investors used to only like funding startups they could see nearby. Now with remote work, new companies in small cities are getting a big boost. Remote work has caused tech workers to disperse across the country. VC funding has gone remote as well. Samantha Lee/Business Insider Remote work has fundamentally changed the geography of labor and venture capital. Venture capital firms are pursuing deals across the US in midsize cities, outside of traditional tech hubs. A dispersed workforce is beneficial for companies, workers, entrepreneurs, and the economy. Emil Skandul is an opinion writer on economic policy and is the founder of a digital innovation firm, Capitol Foundry. This is an opinion column. The thoughts expressed are those of the author. With the pandemic still ongoing and employees reluctant to return to the office, remote work has dramatically impacted where startups and their employees are located. The digitally-enabled workforce is everywhere: They are timezone hoppers, part-time urbanists and ruralists, beach-bound coffee shop nine-to-fivers, and office loyalists. Not only has employee location changed as a result of our remote world, but the geography of venture capital investing has also been dispersed. While coastal US cities have led and captured the better part of economic and job growth in tech over the last several decades, small towns and midsize cities have more of a chance now to capture a slice of the knowledge economy and the capital that comes with it. This increasing geographic diversity will benefit companies and their workers, while the diversification of venture capital funding will increase access to capital and expand tech hubs' presence to new places across the US.The geography of labor and capital is changingIn a remote world, the internetization of the global economy makes time and place less relevant. Work happens anywhere, and communication takes place asynchronously.While the migration of people over the past year to the outskirts of cities or to midsize cities was not insignificant, many workers have remained in place in second-tier cities as well as suburban and rural areas. For companies and venture capital firms, the marketplace for workers and investable startups has broadened, leaping over geographic boundaries. Zoom-initiated deals have provided a chance for startups in Middle America to gain access to capital that was much more difficult to secure before. Well over a year into remote venture deals, investors appear to care less about a startup's presence in Silicon Valley and the location of a team's headquarters.Meanwhile, corporate firms have continued to relegate the importance of hiring new workers based on an employee's location. White-collar firms such as PricewaterhouseCoopers (PwC), which recently announced perpetual remote work for its 40,000 workers, have shifted markedly in granting flexibility. The company's internal survey from August showed that sentiment for permanent remote work had remained steadfast. In a highly competitive labor market that is seeing employees quit or consider more perks, why would a company impose limiting restrictions on workers and its own labor supply?It follows, then, that the labor market of knowledge workers may become much more leveled between places over the long-run - as opposed to centralized in a few cities. Many first-tier cities will continue to lead economically, but second-tier cities now have a better chance of keeping workers and luring capital. For an entrepreneur in the heartland, the decreased cost of doing business has always been counteracted by the geography of available capital. That is quickly changing.VC gold rushMore money than ever before flowed into venture capital deals last year, and venture activity is on track to break all records this year with over $150 billion in deals so far. However, venture capital investment has historically been concentrated, and those title-holding capitals of tech and the firms themselves have been located on the east and west coasts - in Silicon Valley, New York City, and Boston. In 2013, only half of all venture capital dollars in the US were invested outside the Bay Area. Today, over three-fourths of venture capital is invested outside of this region, and secondary tech hubs are rapidly drawing the attention of investors. Early-stage funds such as Revolution's Rise of the Rest Fund, Flyover Capital, and the Mercury Fund have made it their investment philosophy to work with startups outside of traditional tech hubs. Venture capital here is in the "early innings," Anna Mason, a managing partner at Revolution's Rise of the Rest Fund, which manages $300 million designated for investing in startups outside of major hubs, told me. "Everyone is still diamond hunting in roughs they don't understand." The "FOMO" factor within venture capital may be reaching a high-water mark, but the competitive environment may be a blessing for startups raising rounds outside of Silicon Valley. Investors are shuttling around the country to "woo" founders, and many are rumored to win hot deals by "sending private jets, limousines, extravagant gifts, meals, sponsored Barry's boot classes, and more," remarked Lux Capital's Deena Shakir, a partner at the firm. In the last few months New York City-based Lux Capital has led deals in St. Louis, Austin, Texas, Emeryville, California, Salt Lake City, and Boulder, Colorado. Other coastal firms are following suit. The gold rush taking place within venture capital will continue to draw more investors toward greener pastures and taller mountains.Geographic diversity is a good thing for companies, workers, and the economyPromisingly, clusters of tech hubs are beginning to germinate around the country. For example, the artificial intelligence sub-industry in California may be unmatched, but over a dozen metro areas are developing AI economies, according to the Brookings Institution. What's more, midsize US cities are seeing growth not just in tech, but in knowledge-based jobs, and rural economic innovation to support even smaller towns is becoming a policy priority as other industries move out or transition into knowledge industries. The US Innovation and Competition Act passed in the Senate in June, authorizing $10 billion to be spent over 5 years for the creation of regional tech hubs.Remote work could be the great equalizer for the economy. Geographic diversity would help reduce regional economic and cultural divides between the coasts and the American interior. For the last two decades, the winners of the tectonic shift to an increasingly tech- and knowledge-based economy have been superstar cities - metropolises with legacy information industries, access to world markets, and global research institutions. If the most successful firms in the knowledge economy depend on employees to have a range of skills, experiences, and perspectives, inevitably, geographic diversity becomes good for business and leads to stronger ideas and robust innovation.For workers, remote work allows access to higher wages and lower costs of living. A developer in Dallas will make only $35k a year less on average than a developer in the Bay Area, yet a home in Dallas will cost only a quarter of the cost of a single family home in San Francisco."A plus about not being in the Bay Area is that you don't have a homogeneous view on everything," remarked Paul Powers, who founded the Ohio-based 3D-modeling firm Physna. "We have more diversity of opinion."To find success outside the Valley, VCs and startups must have regional partners on the ground to sustain the syndication of funding. In fact, it is that co-investment and on-the-ground knowledge that is necessary for larger investments. While regions continue to "build bridges and pathways to the Valley and New York," as Anna Mason noted, education about local ecosystems and labor forces will also need to ramp up as coastal venture firms make their way into uncharted territory. Powers, who raised venture rounds from Drive Capital, Sequoia Capital, and Google Ventures, felt this unfamiliarity personally: "People looked at me as if I was from Pyongyang, when I was from Ohio." Progressively, familiarity will need to be fostered with newer startup markets. If the Silicon Valley venture capitalist's rule of the past was to invest only in startups that are within reasonable distance, today they are geographically unbound and exploring mid-tier cities. Proximity and time zone are trivialized by the opportunity in finding startup "oil wells". The confluent shifts in the geography of labor and capital as a result of the transition of work onto the cloud is an opportunity for a dispersed labor and venture capital market. That, in due time, will lead to a stronger US economy built on many frontiers.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 23rd, 2021

How Facebook Forced a Reckoning by Shutting Down the Team That Put People Ahead of Profits

Facebook's civic-integrity team, where whistle-blower Frances Haugen worked, pledged to put people ahead of profits. Facebook shut it down, but some former members are still honoring their promise. Facebook’s civic-integrity team was always different from all the other teams that the social media company employed to combat misinformation and hate speech. For starters, every team member subscribed to an informal oath, vowing to “serve the people’s interest first, not Facebook’s.” The “civic oath,” according to five former employees, charged team members to understand Facebook’s impact on the world, keep people safe and defuse angry polarization. Samidh Chakrabarti, the team’s leader, regularly referred to this oath—which has not been previously reported—as a set of guiding principles behind the team’s work, according to the sources. [time-brightcove not-tgx=”true”] Chakrabarti’s team was effective in fixing some of the problems endemic to the platform, former employees and Facebook itself have said. But, just a month after the 2020 U.S. election, Facebook dissolved the civic-integrity team, and Chakrabarti took a leave of absence. Facebook said employees were assigned to other teams to help share the group’s experience across the company. But for many of the Facebook employees who had worked on the team, including a veteran product manager from Iowa named Frances Haugen, the message was clear: Facebook no longer wanted to concentrate power in a team whose priority was to put people ahead of profits. Illustration by TIME (Source photo: Getty Images) Five weeks later, supporters of Donald Trump stormed the U.S. Capitol—after some of them organized on Facebook and used the platform to spread the lie that the election had been stolen. The civic-integrity team’s dissolution made it harder for the platform to respond effectively to Jan. 6, one former team member, who left Facebook this year, told TIME. “A lot of people left the company. The teams that did remain had significantly less power to implement change, and that loss of focus was a pretty big deal,” said the person. “Facebook did take its eye off the ball in dissolving the team, in terms of being able to actually respond to what happened on Jan. 6.” The former employee, along with several others TIME interviewed, spoke on the condition of anonymity, for fear that being named would ruin their career. Paul Morris—Bloomberg/Getty ImagesSamidh Chakrabarti, head of Facebook’s civic-integrity team, stands beside Katie Harbath, a Facebook director of public policy, in Facebook’s headquarters in Menlo Park, California, on Oct. 17, 2018.   Enter Frances Haugen Haugen revealed her identity on Oct. 3 as the whistle-blower behind the most significant leak of internal research in the company’s 17-year history. In a bombshell testimony to the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security two days later, Haugen said the civic-integrity team’s dissolution was the final event in a long series that convinced her of the need to blow the whistle. “I think the moment which I realized we needed to get help from the outside—that the only way these problems would be solved is by solving them together, not solving them alone—was when civic-integrity was dissolved following the 2020 election,” she said. “It really felt like a betrayal of the promises Facebook had made to people who had sacrificed a great deal to keep the election safe, by basically dissolving our community.” Read more: The Facebook Whistleblower Revealed Herself on 60 Minutes. Here’s What You Need to Know In a statement provided to TIME, Facebook’s vice president for integrity Guy Rosen denied the civic-integrity team had been disbanded. “We did not disband Civic Integrity,” Rosen said. “We integrated it into a larger Central Integrity team so that the incredible work pioneered for elections could be applied even further, for example, across health-related issues. Their work continues to this day.” (Facebook did not make Rosen available for an interview for this story.) Impacts of Civic Technology Conference 2016The defining values of the civic-integrity team, as described in a 2016 presentation given by Samidh Chakrabarti and Winter Mason. Civic-integrity team members were expected to adhere to this list of values, which was referred to internally as the “civic oath”. Haugen left the company in May. Before she departed, she trawled Facebook’s internal employee forum for documents posted by integrity researchers about their work. Much of the research was not related to her job, but was accessible to all Facebook employees. What she found surprised her. Some of the documents detailed an internal study that found that Instagram, its photo-sharing app, made 32% of teen girls feel worse about their bodies. Others showed how a change to Facebook’s algorithm in 2018, touted as a way to increase “meaningful social interactions” on the platform, actually incentivized divisive posts and misinformation. They also revealed that Facebook spends almost all of its budget for keeping the platform safe only on English-language content. In September, the Wall Street Journal published a damning series of articles based on some of the documents that Haugen had leaked to the paper. Haugen also gave copies of the documents to Congress and the Securities and Exchange Commission (SEC). The documents, Haugen testified Oct. 5, “prove that Facebook has repeatedly misled the public about what its own research reveals about the safety of children, the efficacy of its artificial intelligence systems, and its role in spreading divisive and extreme messages.” She told Senators that the failings revealed by the documents were all linked by one deep, underlying truth about how the company operates. “This is not simply a matter of certain social media users being angry or unstable, or about one side being radicalized against the other; it is about Facebook choosing to grow at all costs, becoming an almost trillion-dollar company by buying its profits with our safety,” she said. Facebook’s focus on increasing user engagement, which ultimately drives ad revenue and staves off competition, she argued, may keep users coming back to the site day after day—but also systematically boosts content that is polarizing, misinformative and angry, and which can send users down dark rabbit holes of political extremism or, in the case of teen girls, body dysmorphia and eating disorders. “The company’s leadership knows how to make Facebook and Instagram safer, but won’t make the necessary changes because they have put their astronomical profits before people,” Haugen said. (In 2020, the company reported $29 billion in net income—up 58% from a year earlier. This year, it briefly surpassed $1 trillion in total market value, though Haugen’s leaks have since knocked the company down to around $940 billion.) Asked if executives adhered to the same set of values as the civic-integrity team, including putting the public’s interests before Facebook’s, a company spokesperson told TIME it was “safe to say everyone at Facebook is committed to understanding our impact, keeping people safe and reducing polarization.” In the same week that an unrelated systems outage took Facebook’s services offline for hours and revealed just how much the world relies on the company’s suite of products—including WhatsApp and Instagram—the revelations sparked a new round of national soul-searching. It led some to question how one company can have such a profound impact on both democracy and the mental health of hundreds of millions of people. Haugen’s documents are the basis for at least eight new SEC investigations into the company for potentially misleading its investors. And they have prompted senior lawmakers from both parties to call for stringent new regulations. Read more: Here’s How to Fix Facebook, According to Former Employees and Leading Critics Haugen urged Congress to pass laws that would make Facebook and other social media platforms legally liable for decisions about how they choose to rank content in users’ feeds, and force companies to make their internal data available to independent researchers. She also urged lawmakers to find ways to loosen CEO Mark Zuckerberg’s iron grip on Facebook; he controls more than half of voting shares on its board, meaning he can veto any proposals for change from within. “I came forward at great personal risk because I believe we still have time to act,” Haugen told lawmakers. “But we must act now.” Potentially even more worryingly for Facebook, other experts it hired to keep the platform safe, now alienated by the company’s actions, are growing increasingly critical of their former employer. They experienced first hand Facebook’s unwillingness to change, and they know where the bodies are buried. Now, on the outside, some of them are still honoring their pledge to put the public’s interests ahead of Facebook’s. Inside Facebook’s civic-integrity team Chakrabarti, the head of the civic-integrity team, was hired by Facebook in 2015 from Google, where he had worked on improving how the search engine communicated information about lawmakers and elections to its users. A polymath described by one person who worked under him as a “Renaissance man,” Chakrabarti holds master’s degrees from MIT, Oxford and Cambridge, in artificial intelligence engineering, modern history and public policy, respectively, according to his LinkedIn profile. Although he was not in charge of Facebook’s company-wide “integrity” efforts (led by Rosen), Chakrabarti, who did not respond to requests to comment for this article, was widely seen by employees as the spiritual leader of the push to make sure the platform had a positive influence on democracy and user safety, according to multiple former employees. “He was a very inspirational figure to us, and he really embodied those values [enshrined in the civic oath] and took them quite seriously,” a former member of the team told TIME. “The team prioritized societal good over Facebook good. It was a team that really cared about the ways to address societal problems first and foremost. It was not a team that was dedicated to contributing to Facebook’s bottom line.” Chakrabarti began work on the team by questioning how Facebook could encourage people to be more engaged with their elected representatives on the platform, several of his former team members said. An early move was to suggest tweaks to Facebook’s “more pages you may like” feature that the team hoped might make users feel more like they could have an impact on politics. After the chaos of the 2016 election, which prompted Zuckerberg himself to admit that Facebook didn’t do enough to stop misinformation, the team evolved. It moved into Facebook’s wider “integrity” product group, which employs thousands of researchers and engineers to focus on fixing Facebook’s problems of misinformation, hate speech, foreign interference and harassment. It changed its name from “civic engagement” to “civic integrity,” and began tackling the platform’s most difficult problems head-on. Shortly before the midterm elections in 2018, Chakrabarti gave a talk at a conference in which he said he had “never been told to sacrifice people’s safety in order to chase a profit.” His team was hard at work making sure the midterm elections did not suffer the same failures as in 2016, in an effort that was generally seen as a success, both inside the company and externally. “To see the way that the company has mobilized to make this happen has made me feel very good about what we’re doing here,” Chakrabarti told reporters at the time. But behind closed doors, integrity employees on Chakrabarti’s team and others were increasingly getting into disagreements with Facebook leadership, former employees said. It was the beginning of the process that would eventually motivate Haugen to blow the whistle. Drew Angerer—Getty ImagesFormer Facebook employee Frances Haugen testifies during a Senate hearing entitled ‘Protecting Kids Online: Testimony from a Facebook Whistleblower’ in Washington, D.C., Oct. 5, 2021. In 2019, the year Haugen joined the company, researchers on the civic-integrity team proposed ending the use of an approved list of thousands of political accounts that were exempt from Facebook’s fact-checking program, according to tech news site The Information. Their research had found that the exemptions worsened the site’s misinformation problem because users were more likely to believe false information if it were shared by a politician. But Facebook executives rejected the proposal. The pattern repeated time and time again, as proposals to tweak the platform to down-rank misinformation or abuse were rejected or watered down by executives concerned with engagement or worried that changes might disproportionately impact one political party more than another, according to multiple reports in the press and several former employees. One cynical joke among members of the civic-integrity team was that they spent 10% of their time coding and the other 90% arguing that the code they wrote should be allowed to run, one former employee told TIME. “You write code that does exactly what it’s supposed to do, and then you had to argue with execs who didn’t want to think about integrity, had no training in it and were mad that you were hurting their product, so they shut you down,” the person said. Sometimes the civic-integrity team would also come into conflict with Facebook’s policy teams, which share the dual role of setting the rules of the platform while also lobbying politicians on Facebook’s behalf. “I found many times that there were tensions [in meetings] because the civic-integrity team was like, ‘We’re operating off this oath; this is our mission and our goal,’” says Katie Harbath, a long-serving public-policy director at the company’s Washington, D.C., office who quit in March 2021. “And then you get into decisionmaking meetings, and all of a sudden things are going another way, because the rest of the company and leadership are not basing their decisions off those principles.” Harbath admitted not always seeing eye to eye with Chakrabarti on matters of company policy, but praised his character. “Samidh is a man of integrity, to use the word,” she told TIME. “I personally saw times when he was like, ‘How can I run an integrity team if I’m not upholding integrity as a person?’” Do you work at Facebook or another social media platform? TIME would love to hear from you. You can reach out to billy.perrigo@time.com Years before the 2020 election, research by integrity teams had shown Facebook’s group recommendations feature was radicalizing users by driving them toward polarizing political groups, according to the Journal. The company declined integrity teams’ requests to turn off the feature, BuzzFeed News reported. Then, just weeks before the vote, Facebook executives changed their minds and agreed to freeze political group recommendations. The company also tweaked its News Feed to make it less likely that users would see content that algorithms flagged as potential misinformation, part of temporary emergency “break glass” measures designed by integrity teams in the run-up to the vote. “Facebook changed those safety defaults in the run-up to the election because they knew they were dangerous,” Haugen testified to Senators on Tuesday. But they didn’t keep those safety measures in place long, she added. “Because they wanted that growth back, they wanted the acceleration on the platform back after the election, they returned to their original defaults. And the fact that they had to break the glass on Jan. 6, and turn them back on, I think that’s deeply problematic.” In a statement, Facebook spokesperson Tom Reynolds rejected the idea that the company’s actions contributed to the events of Jan. 6. “In phasing in and then adjusting additional measures before, during and after the election, we took into account specific on-platforms signals and information from our ongoing, regular engagement with law enforcement,” he said. “When those signals changed, so did the measures. It is wrong to claim that these steps were the reason for Jan. 6—the measures we did need remained in place through February, and some like not recommending new, civic or political groups remain in place to this day. These were all part of a much longer and larger strategy to protect the election on our platform—and we are proud of that work.” Read more: 4 Big Takeaways From the Facebook Whistleblower Congressional Hearing Soon after the civic-integrity team was dissolved in December 2020, Chakrabarti took a leave of absence from Facebook. In August, he announced he was leaving for good. Other employees who had spent years working on platform-safety issues had begun leaving, too. In her testimony, Haugen said that several of her colleagues from civic integrity left Facebook in the same six-week period as her, after losing faith in the company’s pledge to spread their influence around the company. “Six months after the reorganization, we had clearly lost faith that those changes were coming,” she said. After Haugen’s Senate testimony, Facebook’s director of policy communications Lena Pietsch suggested that Haugen’s criticisms were invalid because she “worked at the company for less than two years, had no direct reports, never attended a decision-point meeting with C-level executives—and testified more than six times to not working on the subject matter in question.” On Twitter, Chakrabarti said he was not supportive of company leaks but spoke out in support of the points Haugen raised at the hearing. “I was there for over 6 years, had numerous direct reports, and led many decision meetings with C-level execs, and I find the perspectives shared on the need for algorithmic regulation, research transparency, and independent oversight to be entirely valid for debate,” he wrote. “The public deserves better.” Can Facebook’s latest moves protect the company? Two months after disbanding the civic-integrity team, Facebook announced a sharp directional shift: it would begin testing ways to reduce the amount of political content in users’ News Feeds altogether. In August, the company said early testing of such a change among a small percentage of U.S. users was successful, and that it would expand the tests to several other countries. Facebook declined to provide TIME with further information about how its proposed down-ranking system for political content would work. Many former employees who worked on integrity issues at the company are skeptical of the idea. “You’re saying that you’re going to define for people what political content is, and what it isn’t,” James Barnes, a former product manager on the civic-integrity team, said in an interview. “I cannot even begin to imagine all of the downstream consequences that nobody understands from doing that.” Another former civic-integrity team member said that the amount of work required to design algorithms that could detect any political content in all the languages and countries in the world—and keeping those algorithms updated to accurately map the shifting tides of political debate—would be a task that even Facebook does not have the resources to achieve fairly and equitably. Attempting to do so would almost certainly result in some content deemed political being demoted while other posts thrived, the former employee cautioned. It could also incentivize certain groups to try to game those algorithms by talking about politics in nonpolitical language, creating an arms race for engagement that would privilege the actors with enough resources to work out how to win, the same person added. Graeme Jennings—Bloomberg/Getty ImagesMark Zuckerberg, chief executive officer and founder of Facebook, speaks via video conference during a House Judiciary Subcommittee hearing in Washington, D.C., on, July 29, 2020. When Zuckerberg was hauled to testify in front of lawmakers after the Cambridge Analytica data scandal in 2018, Senators were roundly mocked on social media for asking basic questions such as how Facebook makes money if its services are free to users. (“Senator, we run ads” was Zuckerberg’s reply.) In 2021, that dynamic has changed. “The questions asked are a lot more informed,” says Sophie Zhang, a former Facebook employee who was fired in 2020 after she criticized Facebook for turning a blind eye to platform manipulation by political actors around the world. “The sentiment is increasingly bipartisan” in Congress, Zhang adds. In the past, Facebook hearings have been used by lawmakers to grandstand on polarizing subjects like whether social media platforms are censoring conservatives, but this week they were united in their condemnation of the company. “Facebook has to stop covering up what it knows, and must change its practices, but there has to be government accountability because Facebook can no longer be trusted,” Senator Richard Blumenthal of Connecticut, chair of the Subcommittee on Consumer Protection, told TIME ahead of the hearing. His Republican counterpart Marsha Blackburn agreed, saying during the hearing that regulation was coming “sooner rather than later” and that lawmakers were “close to bipartisan agreement.” As Facebook reels from the revelations of the past few days, it already appears to be reassessing product decisions. It has begun conducting reputational reviews of new products to assess whether the company could be criticized or its features could negatively affect children, the Journal reported Wednesday. It last week paused its Instagram Kids product amid the furor. Whatever the future direction of Facebook, it is clear that discontent has been brewing internally. Haugen’s document leak and testimony have already sparked calls for stricter regulation and improved the quality of public debate about social media’s influence. In a post addressing Facebook staff on Wednesday, Zuckerberg put the onus on lawmakers to update Internet regulations, particularly relating to “elections, harmful content, privacy and competition.” But the real drivers of change may be current and former employees, who have a better understanding of the inner workings of the company than anyone—and the most potential to damage the business. —With reporting by Eloise Barry/London and Chad de Guzman/Hong Kong.....»»

Category: topSource: timeOct 7th, 2021

How a Merrill Lynch banker quit a $120,000 job to become a successful DJ

Oelmann grew up in a family of successful academics with her father a senior surgeon, her mother a teacher, and her brother a doctor in biochemistry. Investment banker turned DJ: DJane Annie O, formerly Anne-Kathrin Oelmann, gave an interview about her career change. mymuesli / Youtube At 22, Oelmann was earning $120,000 as an investment banker in London. Lacking motivation, she followed her gut and quit after just six months at Merrill Lynch. Oelmann began performing as Djane Annie O and has been able to live comfortably on her own since 2015. See more stories on Insider's business page. Anne-Kathrin Oelmann had a career many will only ever dream of: years at an elite university studying business eventually culminated in a job at an investment bank in London with a starting salary of roughly $120,000 (€100,000).But after just six months in the job, Oelmann quit. Today she is known as Djane Annie O.Oelmann grew up in a family of successful academics, her father a senior surgeon and her mother a teacher. Even her brother, 10 years her senior, has a Ph.D. in biochemistry.Oelmann quickly became convinced that academic success was an absolute necessity. She was satisfied with nothing less than best in everything. All that mattered to her was winning."I was surrounded by incredibly talented, intelligent, and ambitious students""I applied to Otto Beisheim School of Management [also known as WHU], which was Germany's most prestigious business university at the time. It's in a beautiful little town near Koblenz," she said.As one of only 83 students in a private university, Oelmann passed the entrance test and began her studies in 2002.Finding her studies stressful and demanding, she found herself depressed. As a perfectionist and a high-flyer, she was suddenly just a small fish in a big pond. Anne-Kathrin Oelmann as an investment banker, before she began life as DJane Annie O. mymuesli / Youtube "I was surrounded by incredibly talented, intelligent, and ambitious students and a lot was being demanded of us in preparation for a successful career - it wasn't easy to keep up. In retrospect, I realize now that I was on the brink of burnout once or twice during that period."But the self-sacrifice was greatly rewarded: "On average, two top companies came to our university every week in the main course of study, introduced themselves and competed for us. This, of course, further fuelled our motivation to perform. I was driven by all the possibilities that were opening up for me.""I think it was more London than Merrill Lynch that I liked"Oelmann specialized in finance and completed an internship at Merrill Lynch in London, a year before graduating. At the end of it all, she even received a job offer."I liked it there. In hindsight, I think it was more London than Merrill Lynch that I liked. But I was proud to accept a job right at the top after all the effort I'd made," she said.At 22, she was working as an investment banker in London on a starting salary of around $120,000.Then something unexpected happened: after just a few weeks, the young banker found herself becoming increasingly drained and losing all drive.Something was happening below the surface"I felt constricted. In the morning, I had no desire to go to the bank and felt constantly as though the end of the day never came quickly enough. Today, I rationalize the experience by telling myself that my head was preoccupied only with achievement but below the surface, subconsciously, something completely different was happening. I got to know more of the world and saw other values, other ways of life." DJane Annie O during an interview with Mymuesli, working on her music. mymuesli / Youtube This went on for quite some time: Oelmann undertook Erasmus placements in Dublin and Brussels and enjoyed life far away from her familiar, highly performance-focused environment.While on a trip to New Zealand, she met people with a completely relaxed way of life she had never experienced before during backpacking. "All of a sudden, no one cared about the fact that I went to a private university and wanted to be a banker. That experience changed something in me," she said."London was full of art, culture, music, and inspiration. In what free time I had, I soaked it all up like a sponge," she added.At first glance, it may seem as though it was her head leading her to Merrill Lynch that landed her in London - but looking back, she suspects that it was really the call of London's huge alternative scene that took her there and that she was following her gut in an attempt to break free of her performance-focused environment.Successful investment banker by day, party animal by nightIn her first full-time job, Oelmann set out to merge her old self with her newly discovered self, to be "a cool banker": successful investment banker by day, party animal by night. She moved into a flat of seven non-bankers, going with them to parties and to concerts, but it was too demanding. DJane Annie O pictured during an interview with mymuesli, ended up a DJ through learning to play the drums. mymuesli / Youtube Coming back to the party with her housemates after 12 hours at the bank each day led to sleep deprivation and exhaustion."It interfered with my day-to-day routine at the bank," she said. "I smoked roll-up cigarettes and I had a broad interpretation of 'professional dress code.'"She can still recall being kicked out of a seminar because she was wearing a red dress with white dots.Her rebellious attitude, however, did not satisfy the liberation her gut craved: "Something in me was fighting tooth and nail to break free of the investment bank's shackles. Oelmann's "gut self" became so compelling, she could no longer avoid making a decision.After a mere six months with Merrill Lynch, she quit.Listen to your gut"Everything that followed went completely awry," she said. "That was important because plans come from the head; the gut doesn't make plans. I just allowed myself to drift and suddenly, the idea occurred to me to learn to play the drums. Within a few months, I'd picked it up. It came so easily, it was as though the ability been lying dormant within me all along. Before I knew it, I'd founded my band 'Rotkäppchen' and, for the next few years, it became my life's purpose." Oelmann had to live off her savings and work part-time to keep her head above water. mymuesli / Youtube But the life of a musician isn't easy: Oelmann had to live off her savings and work part-time to keep her head above water. She sometimes worked in marketing and PR but, very often, she was also waitressing. At one point, she even worked at Oxford Circus as a sales advisor in TopShop."It wasn't that bad, because I was working for my band," she said.Another attempt at the business worldIn 2011, Oelmann's savings had run dry and her time with the band was coming to an end. So Oelmann took a job in a marketing agency in London and began work as "Djane Annie O." But she soon realized that the business world was just not for her: again, it took just six months for her to hand in her resignation.In 2012, Oelmann received a job offer from a start-up in Berlin, founded by a fellow WHU associate. Though she didn't want to accept, her head resurfaced and raised her hopes that a start-up might provide a more relaxed atmosphere, giving her the chance to finally unify her two egos.But as soon as she arrived, it began all over again and ended within six months. After a third failed attempt in the business world, Oelmann realized once and for all that it really just wasn't for her.Keep your goals in sightSince then, she has been working full-time as "Djane Annie O." The first two years were very hard and Annie, who still had a room in London and an apartment in Berlin, was nearly crushed by debt. But she soldiered on and overcame her obstacles. DJane Annie O giving a TEDx Talk after being invited to speak before WHU students. TEDx Talks / Youtube Annie O managed to gain a foothold in Berlin as Djane Annie O and has now been able to live comfortably on her own since 2015. She is enthusiastic about the variety life offers her now. One minute, she'll be doing a set for a big company in a museum, the next, she'll be working at a gay fetish party. At one point, she even DJed from a van roof at the Burning Man Festival in Nevada. At last, she had found a job with no "daily grind."Her "head me" still makes an appearance from time to time when making bookings or filling out tax returns, but she still enjoys those jobs.The aimless life of the ex-investment bankerOelmann no longer makes plans or pursues goals."My work is born of my interests and desires, not vice versa," she said. "Being a DJ is what I do but it isn't who I am. I'm Annie, and if my needs change, my job can change too."Today she lives contrary to the principles of strategic and analytical thinking she was taught in her education."That said, WHU had a very positive reaction once they'd caught wind of my career change: they invited me to give a TEDx talk about my unusual career, which was met with a great deal of encouragement and support from the students. I was even booked as a DJ for an alumni event!"Do what fulfills youOelmann underlines that her way of life is not for everyone - but she has a powerful message: "Ask yourself whether the job to which you devote your life really fulfills your true needs, or whether you're just following an idea that has nothing to do with your 'real you,' as I used to.""Why not just listen to what your gut has to say?" she said. "You never know what it might bring."Below is Annie's TEDx Talk.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 4th, 2021

Elizabeth Warren Is So Very Wrong About Inflation

Elizabeth Warren Is So Very Wrong About Inflation Authored by William Anderson via The Mises Institute, Almost anyone who follows social media is familiar with the latest tweets by Senator Elizabeth Warren, who has pronounced her verdict on higher food and gasoline prices: they are nothing less than the result of corporate greed. In fact, according to Warren, there is no inflation, only corporations arbitrarily raising prices in their relentless pursuit of … profits. In a November 21 interview with MSNBC’s Joy Reid, Warren declared (later placed on Twitter): Prices have gone up. Why? Because giant oil companies like Chevon and ExxonMobil enjoy doubling their profits. This isn’t about inflation. This is about price gouging for these guys and we need to call them out. Three days later, she outdid herself, declaring: Wondering why your Thanksgiving groceries cost more this year? It’s because greedy corporations are charging Americans extra just to keep their stock prices high. This is outrageous. To those familiar with Warren and her previous economic pronouncements, none of this is surprising. A decade ago, she declared that entrepreneurial successes are due to the government, not any decisions that entrepreneurs might have made, and her record in the US Senate speaks volumes to her economic illiteracy. That she should claim that all businesses have to do to increase profits is to raise prices is proof to her intellectual bankruptcy. Despite the title, however, this article is not about Elizabeth Warren’s economic viewpoints. However, in her declaration that no doubt plays well with progressives, she makes a specific claim: firms that wish to increase their profits and stock values simply need to raise the prices of whatever they sell. Warren’s claim raises an obvious question: If higher prices always lead to greater profits, why would any business owner pass up the chance for greater profitability? In fact, if high profits are tied directly to higher prices, then one would expect a cottage industry to spring up of class action law firms suing corporations for lowering their prices, since any firm is free to increase its profits at will. Doing anything less is dereliction of duty to shareholders. Not that I regularly follow Warren’s Twitter decrees, but I doubt seriously that she ever has praised any businesses when they lower their prices (oil companies often lower prices, not to mention technology firms). Since lower prices do not fit into Warren’s progressive narratives, it is doubtful that she even notices when that happens, and if we are to take her latest statements seriously, then we would have to believe that such an event could not happen because no profit-maximizing firm ever would impose losses upon itself when they are fully aware of a profitable alternative strategy. There are a number of fallacies in Warren’s antimarket missives, and I shall examine them from the Austrian viewpoint, specifically using Murray Rothbard’s Man, Economy, and State as the standard. I first look at her view of profits themselves. Like many American progressives, Warren seems to interpret business profits as an extraction of wealth from the community at large. Rothbard wrote about what he called the “altruists” as condemning profits: It is also peculiar that critics generally concentrate their fire on profits (“the profit motive”), and not on other market incomes such as wages. It is difficult to see any sense whatever in moral distinctions between these incomes. Indeed, progressives like Warren see markets in a starkly different way than do Austrians such as Rothbard. To Warren, markets are violent, predatory entities with no more moral standing than the Roman arenas. Rothbard, not surprisingly, differs: [C]ritics overlook the fact that the operation of the free market is vastly different from governmental action. When a government acts, individual critics are powerless to change the result. They can do so only if they can finally convince the rulers that their decision should be changed; this may take a long time or be totally impossible. On the free market, however, there is no final decision imposed by force; everyone is free to shape his own decisions and thereby significantly change the results of “the market.” In short, whoever feels that the market has been too cruel to certain entrepreneurs or to any other income receivers is perfectly free to set up an aid fund for him for depriving his fellowman of needed benefits. For the consistent altruist must face the fact that monetary income on the market reflects services to others, whereas psychic income is a purely personal, or “selfish,” gain. Entrepreneurial profits, Rothbard notes, do not come about because of nefarious behavior on part of the producers, but rather the good judgment successful entrepreneurs make regarding the present price of key factors of production and the predicted value of final products these factors help create. Writes Rothbard: What gave rise to this realized profit, this ex post profit fulfilling the producer’s ex ante expectations? The fact that the factors of production in this process were underpriced and undercapitalized—underpriced in so far as their unit services were bought, undercapitalized in so far as the factors were bought as wholes. One can imagine Warren and other progressives replying: “Maybe that is true in a theoretically competitive market, but oil companies and big food companies are not entrepreneurs, but rather are monopolies that regularly manipulate the market to their advantage. Their markets are not competitive, so they are free to set whatever prices they want and name their own profits.” While accusations of “market manipulation” by rapacious monopolies are common among progressives, identifying such actions of “manipulation” is difficult. The standard accusation is that these companies manage to keep supplies off the market, thus forcing up the prices of goods. The problem, of course, is identifying specific instances and also properly identifying scenarios in which such “manipulation” actually is possible. Take fuel prices, for example. If oil and gas companies were to hold back supplies in order to gain temporary price increases, they quickly would have to release those confiscated supplies back into the market (forcing down prices), as there are no secret storage areas that these companies possess that would enable them to set aside the massive quantities of fuel needed to accomplish what Warren and other progressives accuse oil and gas firms of doing. The only way fuel companies can make the kinds of windfall profits that Warren claims they are making is for them to experience either unanticipated surges in demand that overwhelm current supplies or for there to be external events that threaten future supplies and quickly increase the value of those present supplies. As I recently pointed out, the Joe Biden administration is attempting to cripple the oil and gas industries in the future in pursuit of its ill-advised green agenda, and one of the obvious effects of throwing down regulatory roadblocks and dangling criminal charges against fuel company executives for allegedly warming the earth is to ensure that future fuel supplies will be diminished. The upshot of such actions will be to force up the current prices of fuels. As I wrote in that article: While some have called this “regulatory overreach,” there is nothing surprising or shocking about this. The Biden administration response to anything it can tie to “climate change” is going to be heavy-handed and expansive, especially since regulators now believe they have been near-divinely appointed to bring better weather to planet Earth. The Biden administration’s actions have the effect of forcing up present prices because buyers know that the government’s attempts to cripple these industries will mean severely diminished supplies in the future. Such actions cause the value of current inventories to increase, which in the short term will boost industry profits. Since Warren openly supports the Green New Deal and other such measures, she is partly to blame for higher fuel prices even if she refused to admit she is part of the problem. To further emphasize this point, I use Rothbard’s examples to compare the government’s attempts to reduce production of oil and gas with the actions of coffee firms in Latin America to burn part of the year’s harvest to enjoy higher present prices. He writes: But is not monopolizing action a restriction of production, and is not this restriction a demonstrably antisocial act? Let us first take what would seem to be the worst possible case of such action: the actual destruction of part of a product by a cartel. This is done to take advantage of an inelastic demand curve and to raise the price to gain a greater monetary income for the whole group. We can visualize, for example, the case of a coffee cartel burning great quantities of coffee. In the first place, such actions will surely occur very seldom. Actual destruction of its product is clearly a highly wasteful act, even for the cartel; it is obvious that the factors of production which the growers had expended in producing the coffee have been spent in vain. Clearly, the production of the total quantity of coffee itself has proved to be an error, and the burning of coffee is only the aftermath and reflection of the error. Yet, because of the uncertainty of the future, errors are often made. Man could labor and invest for years in the production of a good which, it may turn out, consumers hardly want at all. If, for example, consumers’ tastes had changed so that coffee would not be demanded by anyone, regardless of price, it would again have to be destroyed, with or without a cartel. In the case of fuels, the oil and gas companies are not destroying present supplies or even hiding them in imaginary vaults. Instead, we have a government that does what it can to ensure that future supplies of these fuels will be less available and that firms are on notice that this particular president believes those companies should not even exist. And yet Warren and her colleagues are shocked, SHOCKED, that government-directed reduction of oil and gas supplies means higher present prices for consumers. Furthermore, contra Warren, we should expect fuel and commodity prices to rise substantially during periods of deliberate government monetary debasement (better known as inflation), as commodities historically have had wider price swings during periods of inflation and deflation and are very sensitive to changes in the value of the dollar. The markets for commodities like oil and crops are some of the most competitive markets to be found anywhere. Unfortunately, those that are most responsible for this current upswing in fuel and food prices are the same ones pointing blame elsewhere. Jacob Hornberger in his blog has noted that the Biden administration is taking a page from the Jimmy Carter administration more than forty years ago, which blamed higher prices on private enterprise. Hornberger writes: According to an article in the Washington Post, Biden is “considering whether to escalate an attack on parts of corporate America over rising prices…. The administration would amplify criticisms of large firms in heavily concentrated industries for passing higher prices on to consumers as they benefit from high profits” According to the article, “The White House took a step in this direction earlier this week, with Biden urging the Federal Trade Commission to escalate its investigation of anti-competitive behavior in the oil and gas industry, which the president alleged was leading to higher prices for drivers at the pump.” Readers like me who were adults during that time might remember that many in Congress and the media were calling for full nationalization of the oil industry, and that progressives of that era claimed (as they do now) that oil markets were not subject to ordinary laws of economics. That we have seen these things disproven over the past four decades means little to political, media, and academic elites who spew the same economic nonsense as they did in the 1970s. The explanations given by Austrians at that time, such as Murray Rothbard, still hold true today. We are seeing the natural results of massive monetary manipulation that dwarfs anything the Federal Reserve System and its government allies saw in the late 1970s and a new generation of progressives such as Elizabeth Warren are dusting off the old playbook and, with the help of elites of the mainstream media and academe, are spreading the old economic nonsense all the while destroying the fundamentals of a market economy. One likens them to the Bourbons of early nineteenth-century France after they were restored to power after the turmoil of the French Revolution and the Napoleon years. The French statesman Charles-Maurice de Talleyrand wrote of them, “Ils n'ont rien appris, ni rien oublié.” They have learnt nothing, and forgotten nothing. Tyler Durden Fri, 12/03/2021 - 19:00.....»»

Category: blogSource: zerohedge16 hr. 29 min. ago

The 4 best resistance bands for building strength and muscle rehabilitation

Whether you're building muscle or rehabbing an injury, these are our top tested picks for resistance bands with handles, resistance loop bands & more. Prices are accurate at the time of publication. Resistance bands are as effective as free weights at building muscle and strength. The best resistance bands won't snap, roll, or irritate your skin, and come as a set for more choices. Our top pick, TheraBands, are latex-free, highly versatile, and won't snap over time. Resistance bands are an incredibly diverse and affordable addition to your home gym set-up. They can be used therapeutically for muscle rehab and stability training, or in lieu of dumbbells for serious strength building."There are literally thousands of exercises you can do with a resistance band, with the band placed in numerous patterns around the body," Keaton Ray, PT, DPT, CSCS, physical therapist and co-founder of MovementX, Inc in Portland, OR tells Insider. As a certified barre and mat pilates instructor myself, I've tested a lot of resistance bands to help challenge and build muscle. And studies show they really do work for building strength and mass (more in that in our FAQ section, below). Different types play toward specific goals and movements — looped bands and fabric bands provide resistance for more restrictive movements (clam shells, glute bridges), while the more versatile resistance bands with handles rival the work dumbbells do for compound movements (bicep curls, rows, lunges). We also prefer a resistance band set for more versatility.At the end of this guide, I lay out what types of resistance bands there are, how to use resistance bands, and everything you should consider when buying one. Until then, here are our top picks among the many resistance bands I've tested.The best resistance bands:Best resistance bands overall: TheraBandBest resistance loop bands: Fluidity Best fabric resistance band: Sweat The TechniqueBest resistance bands with handles: SPRI Total Body Resistance KitBest resistance bands overallTheraBand resistance band set is ideal for both rehabilitation and strength building.KBYC photography/ShutterstockTheraBand Non-Latex Resistance Bands are super versatile for both therapeutic use as well as strength training, and they're thin and lightweight enough to take anywhere.Pros: Latex-free, lightweight, extremely versatile in function, inexpensive, resistance band setCons: Not super heavy resistanceTheraBands were my first experience with resistance bands and I've never looked back. Incredibly thin and lightweight while somehow maintaining their strength and durability, this resistance band set does an excellent job helping you develop muscle strength.I've used them around my thighs during squats and between my arms while working my triceps, but the possibilities (and potential muscle groups) are virtually endless.Rather than being permanently looped, TheraBands are one straight piece of latex-free rubber, which makes them highly versatile. You can still tie the band together to make it a looped band, or grip it or wrap it around your hands to use it like a resistance band with handles. There are also eight levels of resistance to choose from, and this set comes with the three mid-level weights, which offers you a range of lighter therapeutic work to strength building. Whether you're making your barre workout just a bit harder or using them for some quick HIIT moves, TheraBands do the trick. That said, if you're looking for serious resistance, you may need something a bit heftier.They're also highly durable — while they look as though they'll snap at any moment, I've had mine for years and they're only just starting to show small tears. My old gym also used these, and despite constant usage by hundreds of clients, the TheraBands withstood the test. They're also latex-free, which is great for folks with allergies or sensitivities. They're highly portable and fit in a small, included carrying case, making them great for travel. --Lulu Chang$17.39 FROM AMAZON$17.39 FROM WALMARTBest resistance loop bandsFluidity resistance loop bands are ideal for short ranges of motion.FluidityFluidity bands are durably looped for building strength on small range-of-motion movements, and made with natural latex, which is gentle on the skin and eco-friendly.Pros: Eco-friendly, non-toxic, durableCons: Individually sold, only three levels of resistance available, no travel bagResistance loop bands are ideal to provide strength-building or rehabilitation-level resistance on smaller ranges of motion, like looping them around your quads to build strength during clamshells or during squats to keep your knees tracking outward. They're also a great addition to your warm-up routine as they help provide low-weight activation to your muscles during moves like with lat pulls and crab walks.Fluidity resistance loop bands are one of the most durable resistance bands I've found. They're made of 100% natural rubber latex, which is a non-toxic and eco-friendly material. As a certified Barre instructor, I have encountered several scenarios where students reacted to the synthetic latex in most bands, but natural latex is much more sensitive on the skin. The bands are also 60 inches by 6 inches, which makes it a great option for any rehab or stretching exercises you may want to perform. These resistance loop bands are sold individually and you have three resistance levels to choose from. This is nice if you have a separate pack you're looking for a single addition to, but I do wish Fluidity sold a pack of all three for more versatile use. That being said, the resistance levels are well-balanced; when I tested this out on the lightest Fluidity flat band, I estimated the resistance to be anywhere between 8-10lbs. $12.00 FROM FLUIDITYBest fabric resistance bandsSweat The Technique makes durable, reliable fabric resistance bands great for glute exercises.Sweat The TechniqueThe Sweat The Technique Ultimate Booty Band Set is made of fabric so they won't stretch over time and fit a wide range of body sizes, and I loved the strength of these bands and the fun colors.Pros: Washable, durable, fit a range of bodies, resistance band setCons: Limited range of motion making them not ideal for all workouts, contain latex, no washing/care instructionsFabric resistance bands are great as they take much longer to stretch out over time compared to rubber bands, and they won't snap in half. Fabric resistance bands are also washable so they're easy to clean, they don't curl up like rubber resistance bands, and they fit a wide range of body types comfortably.Since fabric bands are stronger than latex bands, they also offer more resistance. That means they're less ideal for warm-ups or therapeutic use, but they're an excellent option for shorter ranges of movement like squats or hydrants. I like Sweat The Technique's fabric bands in particular because, for starters, they're a female- and Black-owned company. What's more, when I tested these over bare legs and over workout pants, I was pleasantly surprised the bands didn't move at all during the workout. Unlike with other bands, I didn't have to fidget with or adjust them. But made from a spandex, polyester and latex blend, they still have enough give to make them easy to get on and off.You can buy just a single band or a full resistance band set. I like the Ultimate Booty Band Set, which comes with a medium and heavy option in a sleek travel bag; however, I do wish this set came with a light and an extra heavy option to better accommodate progression over time. The brand does offer the Long Power Band Set, which has more resistance options. However, these are longer and more ideal for stretching, powerlifting, or pull-ups, and less ideal for glute work, which is what most people want a highly-resistant fabric band for.  Best resistance bands with handlesSPRI Total Body is one of our favorite resistance band sets and the best resistance bands with handles we’ve found.SPRIThe SPRI Total Body Resistance Kit comes with five levels of resistance up to ultra heavy, and includes accessories like ankle straps and door attachments, making it an incredible value for about the price of a single dumbbell.Pros: Super versatile, comes with multiple attachments, durable productCons: Handled resistance bands can be a bit confusing if you are a beginner Working out with resistance bands can build similar strength gains to resistance training with free weights, reports a 2019 study in SAGE Open Medicine The SPRI Total Resistance Band Kit includes five bands that range from very light to ultra heavy. I found this spectrum to be incredibly diverse and helpful when I used them to workout, and a great deal for the price. The set also comes with two handles, one ankle strap, and one door attachment, adding to the diversity of what moves you can do with this equipment.Obviously, it can be a little annoying to stop the flow of your workout to swap the handles onto a new resistance band, so you do have to be a little more strategic about pairing exercises that require similar weights. But considering all this kit comes with, it has great value. That's especially true if you want to add some strength training to your current workout regime but don't want to invest in a pricey set of dumbbells.$29.98 FROM SPRI$29.98 FROM AMAZONWhat else we consideredAlyssa Powell/Business InsiderWhat else we recommendPure Energy Fitness Kit ($68): Although I did like this kit, it was too expensive for me to recommend to the average reader. However, it does come with ankle weights (which probably contributes to the higher price), and it's made with natural latex and free of other problematic materials like PVC, BPA, and lead phthalates. What we don't recommendGymbandit ($14): I love the colors of these bands and the variety of resistance strengths, but they curled up during my workouts and the lighter resistance bands started to tear after a few sessions with clients.How I testedAs a certified barre and mat pilates instructor, I tested out several resistance bands during my weekly barre and workout sessions with clients. I also incorporated these bands into my own at home workouts. Specifically, I looked at: Durability of the band: The best resistance band won't snap or tear with time and will offer the same amount of resistance, use after use. Scalability with your training: A resistance band set should progress with you and your workouts, so it's smart to look for bands that offer a variety of resistance levels. Comfort during a workout: A lot of flimsy resistance bands will curl around your legs or ankles during a workout, which can be annoying. I prioritize bands that stayed flat and in place, and those that didn't irritate my skin or rubbed against it too much with movement.Affordability: At the end of the day, we're looking to make an investment and to avoid having to replace bands several times during the year.What to look for in a resistance band setWhen shopping for bands you are going to have a couple of options depending on the style of workout you are looking to perform. You will first need to consider if you want a latex or fabric band, these options typically come as a loop band. Latex bands can be beneficial if you are looking to perform a variety of moves because they are less restrictive. You can get a wider range of motion with these bands. For example tricep extensions should be performed with a latex band instead of a fabric band. If you are looking to do shorter ranges of motion like squats or squat tap outs a loop band is more ideal. Another thing to consider is if you prefer bands with interchangeable handles or fixed handles. Interchangeable handles allow you to change the resistance so you can tack on additional weight either by adding more resistance or switching your handles to a band that offers more resistance. Bands with interchangeable handles can become complicated especially when you are crunched for time and looking to squeeze a quick workout. If more time permits this is an excellent option for adding to your cardio routine or working out at home. Bands with handles also allow you to mimic some moves that are performed on weight machines at the gym like a lat pull down.Take into consideration the level of resistance for either rehabilitation, muscle activation, or strength building. Rehabilitation centers around stability training. For this, you want bands that are light enough, don't cause any pain, and let you control your movement, Dr. Ray explains. If a band provides too much resistance, you won't be able to achieve a full range of motion in the exercise you are performing, she adds.If you're looking to build mass or strength though, you'll want heavier resistance and a few different options so you can progress resistance levels. While going too heavy too soon can cause injuries and muscle imbalances, not using enough resistance also won't build muscle effectively. For weightlifters, Dr. Ray suggests incorporating light-to-medium bands into your warm up and cool down. This will help to activate stabilizing muscles which in return will provide a safer and more productive weightlifting session. The thickness of a band is also an important consideration especially if you are looking to build strength in your workout routine. I have noticed the thicker the band, the higher the resistance. I have also discovered that many bands that are marketed as heavy or extra heavy are actually not very thick, and that nearly always translates to poorer resistance. Lastly, is the price point. If you are looking to stay within a specific price range, opting for a single durable band with more versatility (like a band with handles or a flat band) might be a better choice in comparison to one single loop band. FAQsDo resistance bands really work?Yes, resistance bands work to both build strength back slowly after an injury, and, for weight lifters, to build strength as effectively as dumbbells. Dr. Ray adds resistance bands help add load to movements (aka, weight beyond just body weight), which research shows helps build muscle. "For example, a squat with a theraband around your knees is much more effective at building muscle and stability than a side-lying clamshell or leg lift," she explains.Dr. Ray also points out that because resistance bands are so low impact, they're a great way to start strength training for the first time. This is also what makes them ideal for rehabilitating from an injury or specifically targeting deep stabilizing muscles on a recovery day. Of course, for the most well-rounded functional fitness, you want to challenge your muscles in different ways, so you should also use dumbbells, kettlebells, barbells, to build strength in addition to band exercises. What types of resistance bands are there?There are several types of resistance bands that include:Figure 8 bands: Ideal for strengthening your arms, chest, shoulders, and back with either single arm and double arm workouts. It can also be used for a total body workout as well as focusing on your lower body with leg and glute exercises. Loop bands: These bands are great for activating muscle groups which help to improve muscle balance, control, and stability by simply waking up under-active muscles. Therapy bands: Therapy bands are good for rehabilitating muscles and offering a lighter resistance when dealing with an injury. Mini Resistance bands: These are smaller loop bands ideal for traveling, keeping in your gym or a set at the office. Also a great option for those that like to workout when far away from home. Ring bands: Can be used for stretching and/or intensifying a workout by utilizing the rings in the band. Lateral bands: Padded ankle cuffs connected to a resistance tube provides additional resistance when doing lateral conditioning exercises. Fabric bands: These bands are made from fabric and often include a strip of non-slip material which helps keep them in place. Excellent for short ranges of movement.Pull up bands: This type of band can help you achieve a pull-up. How do beginners use resistance bands?Resistance bands are ideal for building strength in beginners to resistance training since they tend to be much safer than free weights. Start by using a lighter band and work your way up to heavier resistances over time. If the resistance starts to get too comfortable, it's time to increase the resistance. Aim to switch your bands every month or sooner. As your strength increases, opt for a heavier band or add more repetitions to an exercise. Dr. Ray suggests starting with 3 sets of 10 repetitions of any exercise. If these are too hard, you need a lighter resistance band. If they're easy, grab a heavier one.A few moves you can try to get you started include a high plank with leg lift (modification come down to your knees and perform the leg lift one side at a time), modified side plank with leg lifts and fire hydrants. Where should resistance bands be placed? This depends on what muscle groups you are working. If you want to target your glutes, for example, place the band around your legs just above your knees; then, perform squats or lateral tap outs. This helps provide control and resistance when you lower into the squat. You can also loop the bands around your forearms or above your elbows to provide resistance to your upper body, or around your ankles for lower body exercises."You can get creative with where you place the band on your body, or you can anchor it to the wall," Dr. Ray adds. Looping a band around an anchored bar or handle, like a door handle at home or a squat rig at the gym, is another way to provide resistance.Are resistance bands good for therapy?One of the most common use for resistance bands is for rehabilitation or muscle therapy. During rehab, you need to start contracting muscle tissue and moving your joints through gentle ranges of motion. This helps to lower inflammation, increase blood flow, and stimulate healing, Dr. Ray explains.Light resistance bands are very helpful here, since they're very gentle on your body but allow your muscle fubers to work against gentle force and begin the slow process of regrowing muscle fibers.By the end stage of tissue recovery, you'll start to progress away from resistance bands and begin loading tissues with heavier weights that more closely mimic activities such as carrying heavy groceries or lifting your children. This should always be done under the direction of a physical therapist so you don't damage your tissue, muscles, and joints further.How often should you use resistance bands? Use resistance bands at the same frequency you would dumbbells or any other form of weight. Like with any workout, it's a good idea to allow your body to rest in between each session if you are working the entire body.Another option is alternating between the upper and lower body a few times a week. This allows the muscle fibers to rebuild and become stronger without causing harm. Read the original article on Business Insider.....»»

Category: smallbizSource: nyt22 hr. 29 min. ago

3 reasons the labor shortage could be a "structural change" in the economy, according to S&P

There are both structural reasons and pandemic-specific reasons people are quitting their jobs in large numbers, the agency S&P reported. The US is currently at a 45-year low in labor participation rate.Maskot Credit agency S&P reported people are leaving jobs for structural reasons and pandemic-specific ones. Among the structural reasons include a skills mismatch and an increase in retirement rates. Researchers predict that as more people get vaccinated, more people will re-enter the labor force. The record number of people leaving the workforce signals structural changes in the economy, Standard & Poor's reported last month. The global credit agency's investigation, led by Benn Ann Bovino, concluded that there were two kinds of reasons behind the labor force exodus: structural ones that include an increase in retirement rates and skill mismatch; and pandemic-specific problems, such as location mismatches, virus fears, and child care obstacles. The pandemic-specific problems are the bigger culprit, according to the researchers, but both types of reasons to quit were exacerbated by the spread of the coronavirus. 2021 continues to clock record numbers of people quitting their jobs — as some have called it: the Great Resignation. The US is currently at a 45-year low in labor participation rate, S&P says. 12.7 million Americans left their jobs between July and September, according to the Bureau of Labor Statistics. This is the largest mass resignation the US has seen in the two decades since the government started documenting them.As people quit, employers are scrambling to hire, but the latest jobs report from the BLS shows that hiring slowed in November. More than 12 million people are either long-term unemployed, seeking work to no avail, or employed part-time, despite more than 10 million job openings. All of this adds up to a major mismatch between what Americans are looking for in jobs and those that are available — a mismatch that doesn't have a quick fix.S&P says that the return of prime-age workers — who are about 45% of the 3 million who left the labor force completely — are key to stabilizing the job market. The US government seems to be betting on logistical issues imposed by the pandemic being the overwhelming reason people are resigning for their posts. Treasury Secretary Janet Yellen, for instance, told CBS News last month that the labor supply will revert to normal after "we really get control of the pandemic." At the time, Yellen pointed out several reasons for the shortage, saying that an "abnormally low" supply of labor, including a shortage of childcare workers and teachers, creates problems with child care. She also said that people in public-facing jobs would likely have concerns about increased exposure to the coronavirus. S&P says that's true, to a degree. But structural causes illuminated by the pandemic bear nearly half the responsibility. "U.S. labor market conditions since the pandemic began highlight a possible structural shift in the labor force, with almost two-thirds of the missing workers having left the workforce entirely," S&P found. "We estimate that 42% of the drop in the labor force participation rate is due to structural shifts and 58% of the drop is for reasons that stem more directly from the pandemic and may be temporary." Here are three reasons why S&P says why people are leaving: Employers want different skills than workers haveSkills mismatch has been an issue for several years in the labor force, S&P argues. That problem only worsened during the pandemic, with older workers retiring earlier than they intended due to virus fears. This loss of skilled, older workers explains why the skills mismatch is growing starker — the labor force participation rate among people over 65 experienced the largest percentage drop of all age groups during the pandemic, falling by 10.6% between May 2020 and February of this year. Lingering vaccine hesitancy and an endemic virus S&P researchers agree with Yellen's logic to an extent — people don't want to go to work if it means exposing themselves to the virus. Although the vaccine is now available for children over the age of 5, children younger than that are still at risk, which is why researchers say that their parents might be hesitant to return to the workforce. They predict as more children become eligible for the vaccine, virus fears will decrease. "The wild card," they said, "is whether those reluctant to get themselves or their children vaccinated will decide to get the shot." Wages aren't keeping up with inflation Mass resignations have increased business costs for companies, which means that wages are going up. Inflation is also going up, currently at a 31-year high in the US. This means a few things: workers that businesses can find are ones who require higher pay. Goods such as food, fuel, and household supplies cost more. "That leaves real wages in negative territory," S&P writes. Researchers predict that as pandemic fears subside and more people become vaccinated, the work force will increase again. "Negative real wages squeezing household purchasing power will also help moderate inflation," they said. Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 3rd, 2021

Are These Retail-Wholesale Stocks a Great Value Stocks Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company value investors might notice is Asbury Automotive Group (ABG). ABG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 5.61. This compares to its industry's average Forward P/E of 6.27. ABG's Forward P/E has been as high as 14.39 and as low as 5.58, with a median of 10.19, all within the past year.Investors should also note that ABG holds a PEG ratio of 0.30. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ABG's PEG compares to its industry's average PEG of 0.32. ABG's PEG has been as high as 0.78 and as low as 0.30, with a median of 0.55, all within the past year.Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ABG has a P/S ratio of 0.41. This compares to its industry's average P/S of 0.42.Finally, investors should note that ABG has a P/CF ratio of 5.75. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. ABG's P/CF compares to its industry's average P/CF of 9.73. Over the past year, ABG's P/CF has been as high as 12.40 and as low as 5.72, with a median of 8.92.Another great Automotive - Retail and Whole Sales stock you could consider is Penske Automotive Group (PAG), which is a # 2 (Buy) stock with a Value Score of A.Shares of Penske Automotive Group currently holds a Forward P/E ratio of 7.32, and its PEG ratio is 0.37. In comparison, its industry sports average P/E and PEG ratios of 6.27 and 0.32.PAG's price-to-earnings ratio has been as high as 11.62 and as low as 7.18, with a median of 8.91, while its PEG ratio has been as high as 2.09 and as low as 0.37, with a median of 1.02, all within the past year.Penske Automotive Group sports a P/B ratio of 2.02 as well; this compares to its industry's price-to-book ratio of 2.33. In the past 52 weeks, PAG's P/B has been as high as 2.31, as low as 1.39, with a median of 1.88.These figures are just a handful of the metrics value investors tend to look at, but they help show that Asbury Automotive Group and Penske Automotive Group are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ABG and PAG feels like a great value stock at the moment. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Should Value Investors Buy These Retail-Wholesale Stocks?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.One company value investors might notice is Ethan Allen Interiors Inc. (ETD). ETD is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 7.35 right now. For comparison, its industry sports an average P/E of 13.57. Over the past 52 weeks, ETD's Forward P/E has been as high as 18.05 and as low as 7.35, with a median of 11.88.Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ETD has a P/S ratio of 0.83. This compares to its industry's average P/S of 1.16.Finally, investors will want to recognize that ETD has a P/CF ratio of 6.55. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 20.90. Over the past year, ETD's P/CF has been as high as 24.16 and as low as 6.55, with a median of 15.41.Another great Retail - Home Furnishings stock you could consider is Tempur Sealy International (TPX), which is a # 2 (Buy) stock with a Value Score of A.Shares of Tempur Sealy International are currently trading at a forward earnings multiple of 11.45 and a PEG ratio of 0.35 compared to its industry's P/E and PEG ratios of 13.57 and 0.54, respectively.TPX's Forward P/E has been as high as 16.25 and as low as 11.20, with a median of 13.45. During the same time period, its PEG ratio has been as high as 0.88, as low as 0.34, with a median of 0.61.Tempur Sealy International sports a P/B ratio of 22.98 as well; this compares to its industry's price-to-book ratio of 8.14. In the past 52 weeks, TPX's P/B has been as high as 25.76, as low as 10.80, with a median of 22.23.These are just a handful of the figures considered in Ethan Allen Interiors Inc. and Tempur Sealy International's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ETD and TPX is an impressive value stock right now. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ethan Allen Interiors Inc. (ETD): Free Stock Analysis Report Tempur Sealy International, Inc. (TPX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

What Do They Know? Insiders Are Dumping Stocks At The Fastest Pace In History

What Do They Know? Insiders Are Dumping Stocks At The Fastest Pace In History Authored by Michael Snyder via The Economic Collapse blog, Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before?  Do they know something that the rest of us do not?  If stock prices are going to continue soaring into the stratosphere like many in the mainstream media are suggesting, these insiders that are dumping stocks like there is no tomorrow will miss out on some absolutely enormous profits.  On the other hand, if a colossal market crash is coming in 2022, then 2021 was absolutely the perfect time to get out.  As I have said countless times before, you only make money in the stock market if you get out in time.  Could it be possible that many of the richest people in the world have picked the absolutely perfect moment to pull the trigger? According to CNBC, CEOs and corporate insiders have sold 69 billion dollars worth of stock so far this year.  That is a new all-time record, and it is a whopping 30 percent higher than last year… CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits. From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity, which excludes sales by large institutional holders. [ZH: Jixa Analytics' Ashish Singal has aggregated all insider sales, calculating that they hit $385bn in 2021 - already well surpassing the prior record made way back in 2013] [ZH: On a monthly basis, for November, we have cross $50bn in aggregate sales for the first time!] Interestingly, this fire sale has come to a crescendo just as the U.S. economy has reached a critical turning point.  We are in the midst of the worst supply chain crisis in our history, inflation has reached levels that we haven’t seen since the 1970s, and the rising violence in our streets is depressing economic activity in many of our largest urban areas. Over the past two years, the federal government has borrowed and spent trillions of dollars that we could not afford to spend.  During that same period, the Federal Reserve has pumped trillions upon trillions of fresh dollars into the financial system.  They took these measures in a desperate attempt to resuscitate the economy, and we certainly did experience a “sugar high” for a little while. But now there are all sorts of signs that the economy is starting to slow down once again.  For example, sales on Black Friday were down 28.3 percent compared to 2019 levels… Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, as Americans shifted more of their spending online and kicked off their shopping earlier in the year, according to preliminary data from Sensormatic Solutions. The apologists in the mainstream media would have us believe that retail sales are down because online sales are booming. But that is not true. In fact, sales on Cyber Monday were down for the first time ever… Consumers logged online Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data released Tuesday by Adobe Analytics. This year’s tally marks the first time that Adobe has tracked a slowdown in spending on major shopping days. The firm first began reporting on e-commerce in 2012, and it analyzes more than 1 trillion visits to retailers’ websites. This amazes me. Black Friday and Cyber Monday were both down despite the fact that our leaders have been pouring trillions and trillions of dollars on to the fire. Meanwhile, the latest manufacturing numbers were a disappointment, and analysts are blaming that on our ongoing supply chain crisis… Broad swathes of US manufacturing remain hamstrung by supply chain bottlenecks and difficulties filling staff vacancies. Although November brought some signs of supply chain problems easing slightly to the lowest recorded for six months, widespread shortages of inputs meant production growth was again severely constrained to the extent that the survey is so far consistent with manufacturing acting as a drag on the economy during the fourth quarter. Of course the mainstream media continues to try to put a positive spin on our economic woes. For example, CNN just published an article entitled “Why inflation can actually be good for everyday Americans and bad for rich people”. If what they are saying is true, why don’t we push inflation to the max? Let’s have every home cost at least a million dollars, let’s have a loaf of bread cost 20 bucks, and let’s make gasoline so expensive that it will make your eyes bleed when you see the prices at your local gas station. Won’t that be just great for hard working Americans everywhere? Needless to say, I am just being facetious. Inflation is destroying our standard of living, and more Americans are falling out of the middle class with each passing day. As if we didn’t already have enough on our plates, now Omicron has arrived in the United States… The United States’ first confirmed case of the Omicron coronavirus variant has been identified in California. In a White House news briefing, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said the case was in an individual who traveled from South Africa on November 22 and tested positive for Covid-19 on November 29. As I discussed the other day, there is absolutely no reason for all of the hysteria that we are currently witnessing.  At this stage, it does not appear that Omicron is any more dangerous than the other variants that are currently floating around. But that isn’t going to stop global leaders from doing even more damage to the world economy. We are already seeing more travel restrictions and more mandates, but there is not even a single confirmed case of anyone dying from Omicron yet. If politicians are going to get this irrational over Omicron, how are they going to respond when things start getting really crazy in the years ahead? You might want to start thinking about that. So much of the economic damage in the past couple of years has been self-inflicted, and a lot more self-inflicted pain is on the way. Meanwhile, CEOs and corporate insiders are selling off their stocks at a pace that is raising a lot of eyebrows. Just like you and I, can they feel what is coming? There are so many clouds on the horizon, and personally I have such a bad feeling about 2022. *  *  * It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon. Tyler Durden Fri, 12/03/2021 - 08:20.....»»

Category: blogSource: zerohedgeDec 3rd, 2021

Is the Office Dying? Of Those Who Quit During the Pandemic, One in Four Did So for the Flexibility to Work from Anywhere

New York, December 2, 2021…As many companies wonder why their workplaces remain ghost towns, a new survey reveals that COVID concerns are not what’s discouraging staff from coming into the office. In fact, they are working from home because of the greater work-life balance it purportedly offers. Indeed, workers place such a premium on this […] New York, December 2, 2021…As many companies wonder why their workplaces remain ghost towns, a new survey reveals that COVID concerns are not what’s discouraging staff from coming into the office. In fact, they are working from home because of the greater work-life balance it purportedly offers. Indeed, workers place such a premium on this balance, that a quarter of workers who changed jobs did so for the ability to work from anywhere. What’s more, Baby Boomers who left their jobs for this flexibility did so at twice the rate of Millennials. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more The survey findings also reveal that workplace flexibility goes a long way in supporting workers’ mental health. 70 percent of workers say that flexible hours and work location are the top policies businesses can enact to support their mental health. Conducted by The Conference Board, its latest workforce survey captured the thoughts of more than 1,200 US workers. Respondents weighed in on topics including career plans, factors driving them to pursue new job opportunities, opinions about remote work, mental health, and more. Additional key findings include: The Ability To Work From Anywhere Among workers who quit during the pandemic, a quarter did so for the ability to work from anywhere. If you voluntarily left your organization during the pandemic for another job, what were your reasons?  Among workers who recently changed jobs, nearly one in four (24 percent) did so for the ability to work from home/anywhere. Better pay and career advancement remain the top reasons for changing jobs, according to 37 percent and 31 percent of respondents, respectively. Only 8 percent found a new job because of concerns over vaccine mandates. Despite decades in the office, Baby Boomers are quitting for the option to work from anywhere—and at nearly twice the rate of their younger colleagues. If you voluntarily left your organization during the pandemic for another job, what were your reasons?  Baby Boomers quit for the ability to work from anywhere at nearly twice the rate of Gen Xers and Millennials: Baby Boomers: 17 percent Gen X: 9 percent Millennials: 9 percent For Millennials, greater faith in the trajectory of the new organization (10 percent) was as great a reason to change jobs as the ability to work anywhere (9 percent). Leaving Jobs For A Flexible Work Location Men left their jobs for a flexible work location at more than twice the rate of women. If you voluntarily left your organization during the pandemic for another job, what were your reasons?  For women, career advancement was a greater driver; for men, better pay, better job fit, and flexible work location policy were significantly greater. Flexible work location policy: Women: 9 percent Men: 21 percent Career advancement: Women: 35 percent Men: 29 percent “Story after story has covered the premium younger generations place on flexibility in the workplace,” said Rebecca Ray, Executive Vice President of Human Capital at The Conference Board. “But as these survey results demonstrate, that desire is not unique to Millennials. Indeed, at more than twice the rate of their younger counterparts, Baby Boomers left their jobs for the ability to work from anywhere—whether they are working from the comfort of home...or from an RV in Yellowstone.” COVID Concerns Debunked: COVID concerns are not the reason offices are empty. If you “work from home/anywhere,” what drives your decision to do so? 72 percent cited work-life balance as the reason they work remotely. Productivity and safety were also factors, albeit much less so. 50 percent of women are working remotely, compared to only 37 percent of men. If employed, what type of working schedule best reflects yours? Significantly more women are working completely remotely; more men are working a hybrid schedule or are completely on-site. Remote: Women: 50 percent Men: 37 percent Hybrid: Women: 39 percent Men: 47 percent On-site: Women: 10 percent Men: 14 percent “Businesses must ensure that remote workers—many of whom are women—receive the same developmental and promotional opportunities as those who are on-site,” said Amy Lui Abel, Vice President of Human Capital Research at The Conference Board. “Companies should be mindful of this potential pitfall, creating a level playing field for all workers as they develop their talent strategies in a world where less work is conducted in the office.” Return To The Office Why return to the office? It’s all about personal connection. The best reasons to bring employees back into in the physical workplace are: The top reasons to return to the physical workplace were: Connecting with team members: 74 percent Socializing and gathering with colleagues: 55 percent Brainstorming with teams: 48 percent Attending events and organizational activities: 39 percent Connecting with manager: 37 percent More than 1 in 6 (15 percent) see no value at all in returning to the physical workplace. Half the workforce is suffering from deteriorating mental health—even as the pandemic subsides. Compared to before the pandemic, my mental health has ____. More than half (51 percent) indicated a deterioration of their mental health since the onset of the pandemic. More women than men have seen a deterioration of their mental health since the onset of the pandemic. Women: 54 percent Men: 46 percent Supporting Workers’ Mental Health Flexibility is the most effective way to support workers’ mental health. Which of the following working conditions, programs, or offerings do you believe would be helpful in supporting employee mental health? Flexible official work hours and/or compressed work week: 70 percent Flexible/hybrid work schedule: 69 percent Work from home/anywhere: 63 percent New and different offerings can also support workers’ mental health. I would like my organization to offer… Programs on how to thrive and flourish versus simply building resilience: 77 percent Apps to address mental health challenges of workers: 55 percent Virtual reality (VR) solutions to address mental health challenges of workers: 29 percent VR solutions were requested equally by all generational cohorts. Setting Boundaries Drawing a line: Workers want organizations that set boundaries and leaders who respect those boundaries. Which of the following strategies would be most effective in setting work/life boundaries for you? 66 percent of respondents want their organizations to encourage employees to disconnect at the end of normal working hours. 60 percent want to be able to take “no-work” vacation days without guilt. “The survey also reveals that almost half of workers believe that their managers adequately address mental health concerns—but one in five do not,” said Dr. Srini Pillay, co-founder and Chief Medical Officer at Reulay, Inc. and former head of the Outpatient Anxiety Disorders Program at Harvard Medical School’s McLean Hospital. “An overwhelming majority agree, however, that organizations should offer training to managers so that they can better address the sensitive mental health issues of workers.” Tune into the podcast Mental Health and the American Worker: What Workers Want. Dr. Srini Pillay will join Rebecca Ray, PhD, Executive Vice President of Human Capital at The Conference Board, to discuss the findings of this latest survey. About The Conference Board The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org Updated on Dec 2, 2021, 12:27 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkDec 2nd, 2021

Can employees return to the office and still be happy and effective? Join our webinar to learn about our global survey results and practitioners" firsthand insights

Join us on December 6 for an exclusive event featuring America's biggest remote work expert, Stanford's Nick Bloom. Insider Companies are officially offering their staff flexibility on their future work model. But as the largest US employers retain remote work as an option, they are pushing hard to revive the office as the center of corporate life again How do employees feel about this push back to the office? Are recent manifestos by activist employee groups at big tech giants a warning sign of possible wider backlash, discontent, and resignation? Sign up for our webinar on December 6 to learn the results of Business Insider's global survey and to hear lessons learned from the most progressive companies Are employees frustrated or happy about returning to the office?  Should your employees return to the office for five or two days a week?Who should decide on the times and days for returning to the office: the management boards, the teams, or the employees themselves? Is the Great Resignation just a catchy media-coined phrase or a real threat to employers?Learn the answers at the Business Insider Global Trends webinar on December 6. America's biggest expert on remote work, Stanford's Prof Nick Bloom, and a few executive insiders will comment on the results and share their firsthand experiences of what the world's most progressive companies do to balance their needs with those of their employees. Can employees return to the office and still be happy and effective? Join our webinar to learn about our global survey results and practitioners' firsthand insightsManhattan office space is thriving againFrom stock traders to big tech, the biggest US employers are determined to return to the office. The last few weeks have proved that the office is slowly becoming the center of corporate life again. In New York City, Manhattan's one million office workers are a good illustration of the trend.The Partnership for New York City, the nonprofit which represents more than 300 of the city's largest businesses, found in its survey that office attendance reached 27% at the end of October and is projected to climb to 49% by the end of January. New York City employers expect that within just two months 57% of their personnel will work at the office at least three days a week while 21% remain fully remote.Big tech companies are following suit. Google's CEO Sundar Pichai said in October that the tech giant's San Francisco Bay Area offices near its headquarters are already up to 30% full while New York offices are close to 50% full. If real estate decisions are any indication of long-term intent, in late September Google spent USD 2.1 billion on a sprawling Manhattan office building on the Hudson River waterfront, paying the highest prices for an office building since the pandemic began, and one of the highest in US history, according to data company Real Capital Analytics. When construction of the new office building ends in mid-2023, Google will have more than 3.1 million square feet, or 290,000 square meters of office space in New York, making it one of the largest leaseholders in the city.Can employees return to the office and still be happy and effective? Join our webinar to learn about our global survey results and practitioners' firsthand insightsBonuses and phased implementation to persuade staff to returnGoogle, one of America's largest employers with 130,000 staff, is not leaving it to chance to fill its offices again. According to the anti-vaccination manifesto that 600 of the company's employees sent to their CEO in November, Joe Kava, vice president of data centers at Google, announced a USD 5,000 vaccination incentive spot bonus for US data center employees to persuade employees to get vaccinated, which is a prerequisite for entering an office.Another big tech giant, Apple, with 80,000 staff on its payroll in the United States, also insists its staff should return to their offices. Despite considerable backlash from its employees, Apple CEO Tim Cook reminded staff in an email in mid-November that most corporate workers would be summoned back to their offices for Mondays, Tuesdays, and Thursdays as soon as the hybrid work plan is implemented. One concession to Apple's original plan is that the three-day office work week starting in March will be preceded by one month of one or two office days per week in February. The other concession is that company personnel will be allowed to take up to four weeks of remote work a year, up from two weeks announced originally. The concessions will not change the overall balance between office work and remote work, just delay the office hegemony by one month.Inclusivity standing in the wayBonuses and phased implementations may not be enough to convince employees to return to the office. The big obstacle is that a growing proportion of staff, especially in tech companies, feel that the forced return to the office violates the principles of inclusivity that these companies so openly declared and cherished earlier. For Apple workers, inclusivity comes with flexibility. In a June petition to Apple CEO Tim Cook, they wrote: "Without the inclusivity that flexibility brings, many of us feel we have to choose between either a combination of our families, our well-being, and being empowered to do our best work, or being a part of Apple."They continued: "We ask for your support in enabling those who want to work remotely / in location-flexible ways to continue to do so, letting everyone figure out which work setup works best for them, their team, and their role — be it in one of our offices, from home, or a hybrid solution. We are living proof that there is no one-size-fits-all policy for people." 1,700 Apple employees signed the first petition in June. Another letter of protest came a month later. A new petition on the same grounds of violating the principles of inclusivity came in November. This time Google employees asked their leaders to retract the company's COVID-19 vaccination mandate. The mandate follows the orders of President Biden's administration whereby all US employers with 100 or more workers have to ensure that all employees are fully vaccinated or regularly tested for COVID-19 by January 4. Under the contested mandate, Google requires its employees to upload their vaccination status to the company's system and not enter the offices unless they are fully vaccinated against COVID-19.According to NBC, the authors of the internal manifesto write that the mandate of "barring unvaccinated Googlers from the office publicly and possibly embarrassingly exposes a private choice as it would be difficult for the Googler not to reveal why they cannot return." They add: "Such Googlers may never feel comfortable expressing their true sentiments about a company health policy and other, unrelated sensitive topics. This results in silenced perspective and exacerbates the internal ideological 'echo chamber' which folks both inside and outside of Google have observed for years."While the number of Google employees who have signed the manifesto is relatively small (600, 0.5% of the 130,000 staff), it is likely to grow as the return-to-work deadline of January 3 nears.Can employees return to the office and still be happy and effective? Join our webinar to learn about our global survey results and practitioners' firsthand insightsWhat do employees really want? Join our webinar to find outActivist employee groups are small by design, as only a few employees are prepared to risk their work position for being outspoken about their needs. But these small groups may be a warning sign that something much bigger is taking place. The Business Insider Global Trends team has decided to verify whether the petitions at tech giants are a sign of a broader discontent among rank and file employees which may undermine their future effectiveness at work. As part of the online survey, we asked Business Insider users in six diverse markets, including the United States, Mexico, Spain, France, Poland, and South Africa, to share their opinions about remote work and returning to the office. We asked our users whether they would prefer to work at the office or work from home, how many days a week they would rather spend at the office, who should decide on the times and days for returning to the office: the management boards, the teams, or the employees themselves. The respondents shared with us whether they wanted to return, relocate or quit, and how concerned they were about their promotion prospects if they spent less time at the office than their peers. We were also curious whether the respondents' companies have reduced or expanded their office space and whether they have used any stimulation, either positive or negative, to persuade their staff to return to the office.What are the results of the survey? Find out by signing up for the Business Insider Global Trends webinar on December 6 (starting at 2 pm Eastern Time, or 8 pm CET). Entitled "Back to the office?", the event will feature America's biggest remote work expert, Stanford's Nick Bloom, and a few executives from the most progressive companies. They will comment on the survey results and present their firsthand experiences with implementing their new work models. Editors from four Business Insider sites will also discuss how local survey results differ from the global ones, and what the preferences of local office workers are. To register for the 90-minute free webinar, click here. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 2nd, 2021

Valvoline to appoint board members with expertise in EVs, autonomous transportation

Valvoline Inc. said Thursday that it was conducting a search to appoint one or more new members to its board of directors with "significant experience" in electric vehicles, energy transition and/or autonomous transportation. The company is looking to identify a candidate or candidates by May 1, 2022. The vehicle care products company's stock rose 2.4% in morning trading. Valvoline said it has held "constructive discussions" with Chicane Capital Management LP, the investment manager of shareholder Chicane Opportunities Fund LP, about board composition as the company looks to separate its retail services and global products businesses. "We value the perspectives of our shareholders and appreciate the constructive discussions that we've had with Chicane Capital," said Valvoline Chairman Steve Kirk. "We applaud Valvoline's commitment to add new voices to the boardroom," said Chicane Capital Managing Partner Georgina Russell. Valvoline's stock has rallied 50.1% year to date, while the S&P 500 has gained 21.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatchDec 2nd, 2021