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Advocates for comprehensive sex education say the restrictions in early education may prevent kids from getting age-appropriate foundational knowledge that they build on each year, said Alison Macklin, director of policy and advocacy at the progressive sex education organization SIECUS. To comply with the new law in Kentucky, for example, the state’s education agency advised schools eliminate fifth-grade lessons on puberty and reproductive body parts. Twenty-eight states require sex education, and 35 require HIV education, according to tracking by the Guttmacher Institute, a research group that supports abortion rights. Massachusetts, for example, recently announced new sexual health education guidelines, which were last updated in 1999. She remembers just one optional day of sex education in middle school.

Persons: Anne, Marie Amies Oelschlager, Alison Macklin, “, Macklin, aren't, ”, David Walls, Kathleen Ethier, Ethier, don’t, ” Ethier, Hope Crenshaw, aren’t, ” Crenshaw, Kayla Smith, ” Smith, Holly Ramer, Rebecca Boone Organizations: DES, Republican, Seattle Children's Hospital, The, Foundation, Guttmacher Institute, U.S . Centers for Disease Control, U.S . Department of Health, Human Services, Public Health, HHS, New, PREP, CDC’s, Adolescent, School Health, CDC, Teen Health Mississippi, University of Mississippi, Associated Press Locations: DES MOINES, Iowa, Seattle, Indiana, Arkansas, In Kentucky, Florida, Kentucky, ”, Massachusetts, New Hampshire, Alabama, Colorado , Florida , Idaho , Iowa, South Carolina, Tampa, Orlando, Jacksonville, Miami, agency’s, Mississippi, U.S, Concord , New Hampshire, Boise , Idaho

☆ Tax FAQ: Do you have to pay taxes on a side hustle? What if you miss the deadline? And more
▼ + stars: | 2023-04-12 | by ( Cindy Perman | ) www.cnbc.com time to read: +12 min

(On top of that, NYC residents owe a city income tax, which may also apply to some nonresidents.) There is no income tax in New Hampshire or Washington, either, but both states tax investment earnings. But you still must pay taxes by the original deadline to avoid penalties and interest. If you made a net profit of $400 or more from your side hustle, you have to pay taxes on it, according to the IRS. The U.S. has a pay-as-you-go system, so you'll need to pay taxes from your side hustle on a quarterly basis.

Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate. "[Maximum employment is] this more sort of amorphous thing," Rucha Vankudre, a senior economist at labor market analytics firm Lightcast, told CNBC. However, at the Federal Open Market Committee news conference in January 2022, Federal Reserve Chairman Jerome Powell announced that "labor market conditions are consistent with maximum employment." Maximum employment is also difficult to quantify because existing measures of employment, such as the unemployment rate or the labor force participation rate, often do not account for certain groups of people. Watch the video above to learn more about what maximum employment really means and how inflation impacts employment.

☆ How the Fed can close the racial wealth gap: AFL-CIO's William Spriggs
▼ + stars: | 2023-02-22 | by ( Macklin Fishman | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Fed can close the racial wealth gap: AFL-CIO's William SpriggsAFL-CIO chief economist and Howard University economics professor William Spriggs says that the impact of discrimination against Black employees is less acute when the labor market operates at full employment. He tells CNBC how the Federal Reserve can close the racial wealth gap and how an economic slowdown might affect Black workers.

☆ Reaching maximum employment will help close the racial wealth gap, says Howard University economics professor William Spriggs
▼ + stars: | 2023-02-22 | by ( Macklin Fishman | ) www.cnbc.com time to read: +2 min

Reaching maximum employment will help close the racial wealth gap, according to AFL-CIO chief economist and Howard University economics professor William Spriggs. In an interview with CNBC, Spriggs said the impact of discrimination against Black employees is less acute when the labor market operates at full employment. "When we have a really poor labor market, white high school dropouts do better than Black people with associate degrees," Spriggs explained. While Black Americans do withdraw from the labor market when the market collapses, Spriggs said this is not always reflected in the data on Black labor force participation. Implicit bias can also affect economic data and policy by dictating the questions that analysts ask, Spriggs said.

Businesses need to remain diligent in their diversity, equity and inclusion, or DEI, efforts as layoffs continue, according to McKinsey senior partner Shelley Stewart. Stewart told CNBC that Black Americans have historically been disproportionately affected during economic downturns. Because Black workers are underrepresented in the tech industry, he said, they may not be hit disproportionately in that sector. Stewart encourages companies to continue their DEI efforts by working with diverse suppliers, saying partnering with diverse businesses is "the biggest lever that corporations have to directly impact society other than wages." "Inclusive growth is better for companies, better for society, better for our global economy and our domestic economy," he said.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow layoffs will impact DEI pledges: McKinsey's Shelley StewartMcKinsey senior partner Shelley Stewart worries that an economic downturn may impact diversity, equity and inclusion efforts. He tells CNBC's Sharon Epperson how companies can mitigate high attrition rates in frontline jobs and reflects on how DEI pledges have evolved since 2020.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to pay reparations to African Americans without spiking inflation: Darity, MullenCNBC's Cheyenne DeVon talks to William Darity and Kirsten Mullen, co-authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century", about the way that reparations to Black Americans could help close the racial wealth gap in the United States. Darity and Mullen argue that the federal government should be responsible for paying reparations to Black Americans. However, they warn that reparations that are not rolled out carefully could cause inflation.

☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

"If you have a talent, harness that talent, learn as much as you can from it, and monetize that thing." Like Brown, Paulana Lamonier turned her passion into a business designed with Black Americans in mind. Lamonier said her business, Black People Will Swim, is a "call to action" to make the swimming space more inclusive. Lamonier hopes Black People Will Swim will allow "Black and brown people to see themselves and see that it's possible." Watch the video to learn more about how these Black female entrepreneurs are building wealth.

☆ How these Black female entrepreneurs are building wealth
▼ + stars: | 2023-01-29 | by ( Macklin Fishman | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow these Black female entrepreneurs are building wealthThese four Black female entrepreneurs make thousands of dollars a year pursuing their passions. Wilglory Tanjong is the founder and CEO of Anima Iris, a luxury handbag brand whose purses are crafted by artisans in Senegal. Helena Faustin runs a food blog called That Nurse Can Cook where she shares Jamaican recipes. Domonique Brown is an artist and founder of DomoINK, an art and home decor business. Paulana Lamonier teaches Black Americans to swim at her swim school, Black People Will Swim.

To help close the racial wealth gap, the U.S. government should pay $14 trillion in reparations to Black Americans, according to William A. Darity and A. Kirsten Mullen, authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century." Mullen said "the federal government was party" to both the suppression of the Black vote and in some cases the destruction of Black people's property. She added that "the federal government is also the only entity that has the capacity to pay the debt." Darity and Mullen told CNBC that the cost of reparations would not need to be passed on to taxpayers. Watch the video to learn more about how reparations to Black Americans could help close the racial wealth gap.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. government is responsible for reparations: William Darity, Kirsten MullenWilliam A. Darity and A. Kirsten Mullen, authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century," say that the federal government should be financially responsible for paying $14 trillion of reparations to Black Americans. They tell CNBC's Cheyenne DeVon whether taxpayers will foot the bill and if reparations could cause inflation.

☆ Companies, Lenders Clash Over Loan Spreads in Switch From Libor
▼ + stars: | 2023-01-13 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

As part of the shift, companies typically propose changes to their loan agreements with lenders, adjusting for the price difference between SOFR and Libor. The adjustment of the credit spread adds basis points to the interest rate on a loan to make up for the fact that SOFR has traded lower than Libor. The difference between SOFR and Libor can be as much as 25 basis points for loans with maturities of five to seven years. There will likely be more disagreements over credit spread adjustments as companies stop using Libor prior to its end. “There’s no reason to burn bridges over a few basis points,” Mr. Kerschner said.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutgoing Charter CEO Tom Rutledge says 'pain to come' as streaming takes over TV: CNBC ExclusiveOutgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there's 'pain to come' as linear TV gives way to streaming.

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. The Moody's chief economist said that if rising prices don't ebb “the only way to get rid of that persistent stubborn inflation would be to push the economy into a recession.” If there is a recession, Zandi said it "probably won’t happen until the second half of 2023."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Zandi says recession may come in the second half of 2023Many Americans are wondering about the timing and inevitability of an economic recession. Moody's Analytics' chief economist Mark Zandi tells CNBC's Andrea Miller whether in his view that the U.S. has already experienced a recession in 2022, if Americans should expect layoffs to rise and whether Americans should be preparing for an economic downturn.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow floating cities and amphibious homes may help coastal towns adapt to sea-level riseA new industry of floating infrastructure is emerging to help adapt to rising sea levels. There are two distinct approaches that are being put forth as possible solutions: retrofitting homes to be amphibious and building floating cities. Would you live in a floating city or retrofit your home so it floats during floods? Watch the video above to learn more about what life could be like in these innovative climate change adaptations.

☆ Analysis: Credit markets see less risk of recession, earnings may challenge that
▼ + stars: | 2022-09-23 | by ( Karen Brettell | ) www.reuters.com time to read: +5 min

“Credit spreads are too tight, they are not adequately reflecting the risk of recession. Leveraged loans and junk bonds are high-risk corporate debt. Their borrowing rates have been held in check by solid liquidity while default rates are near historical lows and not seen likely to spike significantly near-term. Earnings were better than expected in the second quarter on average, but higher rates and slowing growth are expected to make a bigger dent in profits soon, which could bring rating downgrades and higher default risk. “For now the credit market's still taking comfort from in place fundamentals and a slow pace of deterioration.

☆ Analysis: Overstretched U.S. companies feel pinch of higher borrowing costs
▼ + stars: | 2022-09-20 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

Sharpie markers owned by Newell Brands are seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew KellySept 20 (Reuters) - When U.S. consumer products company Newell Brands Inc (NWL.O) refinanced $1.1 billion worth of bonds earlier this month, it saw its borrowing costs jump by more than half. Register now for FREE unlimited access to Reuters.com RegisterA Newell Brands spokesperson did not respond to a request for comment. But most companies with junk-rated debt have significant exposure to higher interest rates. HIGHER BANKRUPTCY RISKThe burden of higher interest payments is expected to lead to more companies filing for bankruptcies.

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