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So I did it and it worked, and I made an awful lot of money for people. My advice was so profitable that these clients started recommending me to their friends in other businesses and industries. By and large, the businesses I worked with are not good forces in the world — they're capitalist extractive machines. AdvertisementMy spiritual clients pay me a flat monthly fee ranging from a minimum of £4,000 to a maximum of £20,000. I charge a minimum retainer fee of £2,000 per month, but my real income comes through a success fee.
Persons: Kate Tomas, I've Organizations: Service, Business, Oxford Locations: Wales, London, Hollywood
Small businesses are seeing labor growth this year, but hospitals still have staffing shortages. Healthcare worker numbers are steadily growing but remain below pre-pandemic trends, according to a Bank of America report published in April. Outpatient care centers are 9.4% behind on growth, while the hospital labor force has seen small gains at 0.3%. In fact, healthcare workers made up a significant portion of the people leaving their jobs during the Great Resignation. Patients will still see labor shortages in ERs and care facilitiesDespite labor gains, patients could still experience the impacts of the physician shortage.
Persons: , Per, KFF Organizations: Service, Bank of America, The Bank of America Institute, of Labor Statistics, Centers, Medicare, Services, Kaiser Family Foundation, American Hospital Association, of America, Peterson Center, Healthcare, of Health, Bank of
Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.
Persons: haven’t, , Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone
Burnout fears force bosses to explore a four-day workweek
  + stars: | 2024-04-12 | by ( Matt Egan | ) edition.cnn.com   time to read: +4 min
New York CNN —Burnout is such a problem for workers that some bosses are considering shrinking the length of the workweek. “It’s way too early to declare the four-day work week part of the future. Some companies that have experimented with shorter workweeks are sticking with it. “My guess is a widespread four-day workweek could be years away – if ever,” he said. “It’s possible that generative AI might make the four-day workweek more realistic,” Knopp said.
Persons: ” Paul Knopp, Knopp, It’s, , , don’t, haven’t, ” Knopp Organizations: New, New York CNN, KPMG, CNN, Gallup Locations: New York, United States, Europe, United Kingdom
Creators' earnings are still on the rise, but the ways in which they make money are changing. New data from market-research firm eMarketer, Business Insider's sister company, forecasts that creator revenue from social media will rise by 16.5% year over year to $13.7 billion in 2024. While brand partnerships remain the primary income source for creators, affiliate marketing is getting a "glow up" this year thanks to platforms like TikTok and YouTube, according to research-analyst Jasmine Enberg. A creator usually has several income streams, from brand partnerships to affiliate marketing to launching courses. Affiliate marketing is also popular on Instagram and YouTube, with the latter doubling down recently with its own affiliate-marketing program .
Persons: Jasmine Enberg, it's, Enberg, Janesha Moore, Moore Organizations: YouTube, Business, US
UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.
Persons: , UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta
My salary journey in Big Tech has seen my total compensation — which includes base salary, bonuses, and stocks — increase from $15,000 in 2012 to $685,000 in 2024. I'm a staff software engineer and have worked at three different tech companies, moving from Oracle to Apple to Meta. In California, labor laws make it illegal for employers to ask you about your current salary and salary history. That could involve switching from a non-tech job to a tech job or taking a short-term hit for long-term gain. Unless the employer offers a significant pay bump along the way, total compensation usually takes a drop after this vesting period.
Persons: Sandeep Rao, , I'm, I've, it's, Glassdoor, haven't, Jane Zhang Organizations: Meta, Apple, Oracle, Service, Business, Big Tech, Microsoft, Carnegie Mellon University, Grad, Employers, Carnegie Mellon Locations: San Jose , California, India, Pittsburgh, Cupertino , California, Menlo Park , California, California, janezhang@businessinsider.com
Why ‘dynamic’ pricing feels like such a scam
  + stars: | 2024-04-03 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
These are surge pricing tactics so ingrained in our consumer experience, we hardly notice or care. Wendy’s last month ended up walking back comments about its dynamic pricing plans after consumers were outraged at the notion of a dinner rush making your burger more expensive. So why does surge pricing feel like such a scam? Bertini, who advises companies on dynamic pricing models, says the problem is how badly some businesses bungle the rollout. You have to explain to customers that dynamic pricing means that, over the long run, they’re getting something out of it, too.
Persons: CNN Business ’, It’s, that’s, Wendy’s, Jordan Valinsky, Marco Bertini, ” Bertini, we’ve, it’s, Bertini, , you’re, Organizations: CNN Business, New York CNN, JetBlue, Amazon Locations: New York, Wendy’s, Barcelona
CNN —The UN human rights office described sexual violence in Haiti as “severely underreported and largely unpunished” in a harrowing report released Thursday that documented cases of rape and forced sexual relations with gang members, as well surging levels of gang violence in the country. The violence has caused the internal displacement of approximately 313,900 people as of December 2023, according to the OHCHR. “All these practices are outrageous and must stop at once,” said the UN High Commissioner for Human Rights Volker Türk. “Widespread corruption and dysfunction of the justice system greatly contribute to the pervasive impunity for grave human rights violations, and they need to be addressed urgently,” said Türk. Police patrol a street after authorities extended the state of emergency amid gang violence that has forced thousands to flee their homes in Port-au-Prince, Haiti, March 8, 2024.
Persons: , Volker Türk, Ariel Henry, Henry’s, ” Türk, Ralph Tedy Ero Organizations: CNN, UN, United Nations, Human Rights, , Human, Haitian National Police, Police Locations: Haiti, , Port, , Prince
Johannesburg, South Africa CNN —For South Africans, normality is a sliding scale. In October, a heavily armed gang blocked off one of the busiest highways near Johannesburg as it blew up a cash-in-transit vehicle – a security van carrying cash. Cash-in-transit, or CIT, heists are one of the most dramatic illustrations of a crime wave that has shocked even the most hardened South Africans. His argument is not entirely factual: crime affects South Africans from all walks of life, not just those earning a comfortable living. The South African police minister, Bheki Cele, recently highlighted what he called the successes of the Crime Intelligence division in tackling organized crime and rooting out corruption within the ranks of the force.
Persons: Nelson Mandela, , Byron Blunt, Ngwenya, , , Petrus Mthembu, SAPS, Athlenda Mathe, Bheki Cele, Joe van der Walt, Esa Alexander, Gareth Newham, What’s Organizations: South Africa CNN, heists, CIT heists, National Congress, ANC, CNN, , CIT, Motor Transport Workers Union, South African Police Service, Reuters, Hawks, AK, South, Crime Intelligence, Focus Group, ” Police, Town, Private Security Industry Regulatory Authority, Institute for Security Studies Locations: Johannesburg, South Africa, Africa, R350,000, Makhado, Limpopo, Cape Town , South Africa
Olivia Colman opened up about the gender pay gap in the film and television industry. She told CNN's Christiane Amanpour that execs make excuses not to pay women as much as men. She noted one example where a male actor was paid 12,000% more than his female counterpart. Christiane Amanpour then asked the "Crown" star if she'd experienced pay disparity herself. "I know of one pay disparity, which is a 12,000% difference," she added.
Persons: Olivia Colman, CNN's Christiane Amanpour, , hasn't, Christiane Amanpour, she'd, Oliver Coleman, I'd, Colman, Kevin Winter, Taraji P, Henson, Brad Pitt, David Fincher's, Benjamin Button, Bryce Dallas, Chris Pratt, Pratt Organizations: Service, Academy, Bryce Dallas Howard Locations: SiriusXM
Some DINKs are using their higher net worth to retire early, travel, and afford luxury items. But there's an even darker side to DINKs: The slice that forgoes kids not by choice but out of necessity. It's difficult to parse out the exact number of Americans who might want kids but can't have them. We know that the childfree group — people who don't want kids — might be about 20% of the US adult population. It's contributing to a whole population of DINKs who can't afford to shed the moniker.
Persons: DINK, , you've, Gen Zers, it's, Kimberly Palmer, Kathryn Edwards, Larry Bienz, he's, Bienz, civically, let's, Amelia, Kevin, They've, We're, Amelia's, Roe, Wade, Zachary Neal, Neal, Jennifer Neal, Priscilla Davies, she's, Davies, They're Organizations: Service, Harris, RAND Corporation, American Society for Reproductive, US Children's Bureau, Michigan State Locations: NerdWallet, DINKs, Chicago, Michigan
The management consultant estimates the global market potential to treat symptoms ranges from $120 billion to as much as $350 billion globally. "That would apply to women's health in general, and then specifically and acutely to menopause in particular." From 2002 to 2009, hormone therapy claims were reduced by more than 70%, a 2012 study showed. The clinical-stage biopharmaceutical company, which focuses on women's health, has an intravaginal ring hormone therapy that is set to progress to a single Phase 3 study. Last May, the Food and Drug Administration approved Tokyo-based Astellas Pharma's Veozah, also known as fezolinetant, to treat hot flashes.
Persons: Drew Barrymore, Naomi Watts, Anna Pione, Stephanie Faubion, Faubion, Karen Adams, Jefferies, Kaumil Gajrawala, Bayer, Progyny, Sasha Kelemen Organizations: McKinsey, Health, Mayo Clinic Center, Women's Health, Stanford University, Pfizer, Dare, Food and Drug Administration, Vistagen Therapeutics, Gennev, Midi Health, Leerink Partners Locations: U.S, Tokyo
March 12 marks Equal Pay Day this year
  + stars: | 2024-03-12 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
New York CNN —March 12 marks Equal Pay Day in the United States, a symbolic date representing the number of days women have to work into the current year just to make the same amount of money men made in the prior one. In dollars and cents, for every dollar a man earns, a woman is paid 84 cents, according to the National Committee on Pay Equity and the Equal Pay Today campaign. If part-time workers and those not employed year-round are included, the gender pay gap is worse, at 78 cents on the dollar, said Deborah Vagins, national campaign director of Equal Rights Advocates and director of Equal Pay Today. The gender pay gap is typically widest when comparing the earnings of White men to Black, Hispanic or Native American women. Equal pay for equal work has been the law of the land for more than a half-century, yet women still cannot get fair treatment when it comes to employment and earnings.
Persons: Deborah Vagins, , Jamila Taylor, Vagins Organizations: New, New York CNN, National Committee, Pay Equity, Institute for Women’s, Research Locations: New York, United States
A female SpaceX employee accused the company of gender discrimination and retaliation in a new lawsuit. The employee said in the suit that SpaceX continued to side with her male boss even after he left. AdvertisementA female SpaceX employee accused the rocket company of discrimination and retaliation in a new lawsuit filed Tuesday in Los Angeles Superior Court. The civil rights arm of the Justice Department has also filed suit against SpaceX alleging discrimination against asylees and refugees. Last month, Bloomberg obtained California civil rights complaints that revealed former SpaceX employees are accusing executives at the company of joking about sexual harassment and firing employees who reported their concerns.
Persons: , Michelle Dopak, Dopak, Gwynn Shotwell, Shotwell Organizations: SpaceX, Service, Los Angeles Superior Court, Reuters, Business, Justice Department, Bloomberg Locations: Los Angeles, California
About 50% of women ages 55 to 66 have no personal retirement savings, a higher share than men (47%), according to U.S. Census Bureau data. Those who do have retirement savings are less likely to have $100,000 or more (22% vs. 30%). "The picture is pretty bleak for women" who don't save enough for retirement, Cindy Hounsell, founder and president of the Women's Institute for a Secure Retirement, said Tuesday at CNBC's Women & Wealth event. watch nowThey may become burdens on their children if they have kids who can offer financial support, she said at the Women & Wealth event. Compounding the problem: Caregiving, especially for a spouse, has a "more detrimental economic impact" on women, according to the National Institute on Retirement Security.
Persons: Momo, Cindy Hounsell, Marianela Collado, Collado Organizations: Stone, Getty, Census, Women's Institute, CNBC's, Pew Research, Security, Financial, National Institute on Retirement Security Locations: U.S, Plantation , Florida
I'm a professional wedding planner, and I've seen plenty of bad guest behavior at events. AdvertisementIn my years as a professional wedding planner, I've learned a thing or two about the people who attend my events. Here are the most common mistakes I see wedding guests make, and how to avoid them. AdvertisementWhen you refuse to RSVP, you force the couple to track down the information when they're already way too busy trying to plan their wedding. Alex Gukalov/ShutterstockIt never fails to amaze me what a wedding guest will leave out for anyone to grab — purses, cell phones, credit cards.
Persons: I'm, , I've, you've, Alex Gukalov, someone's, Tuck, Jayme Burrows, Shutterstock, that's, it's Organizations: Service, Facebook
In the influencer world, Black female creators see their work co-opted without credit or apology. Kylie Jarrett, Ph.D., a scholar of media studies, refers to women content creators as "digital housewives," which is fitting because they often earn the same salary as stay-at-home moms: $0. Some of the most exploited people of all are Black women and girls who create content, then watch it get appropriated and monetized by others. They were eventually invited on the show via Zoom — but only after, you guessed it, social media outcry . The experience is so common among Black creators that in the summer of 2021, they went on strike to protest the practice of appropriating their work .
Persons: Kara Alaimo, , Brittany Ashley, Ashley, cheekily, waitressing, BuzzFeed, Andrea Romo, Snapchat, Katie Feeney, Instagram, Kylie Jarrett, Mark Zuckerberg, Zuck, Jalaiah Harmon, Charli D'Amelio, Kourtney Kardashian, Jalaiah, influencers, TikTokers, Jalaiah wasn't, Jimmy Fallon, Addison Rae, Cardi, Mya Nicole, Chris Cotter, Rae, Mya, Elle, Chris, could've, Cornell, Brooke Erin Duffy Organizations: Women, Service, Globe, West Hollywood, YouTube, Facebook, Influencer, New York Times, NBA Locations: Eveleigh, West, Lowe's, Maryland, United States, Georgia
The rise of the job-search bots
  + stars: | 2024-03-05 | by ( Aki Ito | ) www.businessinsider.com   time to read: +18 min
Unlike the other bots, which ingested job openings into their own sites, LazyApply submitted applications via external job boards. AdvertisementUnlike the other bots, LazyApply did all the applying in real time, right in front of my eyes. Hugo Herrera for BISo far, though, it looks like the arrival of job bots is only making the problem worse. But the job bots at LazyApply and other services never get tired. Still, I came away from my time among the job-search bots feeling the way I do about much of AI.
Persons: they're, hadn't, Sonara, Hugo Herrera, LazyApply, American Aki, Aki Ito, Carlson, Boston Globe —, CareerBuilder, Tony Riggins, I've, Teal, Marc Cenedella, Cenedella, John Henry, , didn't, it's, Bob, you'd, Emily Lamia, Lamia, she's, underpaid Organizations: BI, AK, Boston Globe, Employers, Bloomberg, The Boston Globe, Facebook, YouTube, Business Locations: America, American, That's
The outcome could involve hefty settlements that employers are compelled to cough up to employees who brought workplace-related lawsuits against them. "That is easy, easy money" for the employee, Zambrano, who is suing the musicians Lizzo and Ye (formerly known as Kanye West), on behalf of ex-employees, said. Having an under-trained human resources department could pose major legal troubles for a company, added David Gottlieb, a partner at the New York City-based employment law firm, Wigdor LLP. If a case has some merit, employers will "absolutely" offer money to an employee pursuing legal action, continued Zambrano. Misclassifying employees as exempt from overtimeZambrano said that another common issue he encounters is employers misclassifying employees, sometimes in order to save money for the company.
Persons: , Ron Zambrano, Zambrano, Lizzo, David Gottlieb, Wigdor, Gottlieb, they're, it's, that's, Amazon Tyler Organizations: Service, Business, Trial, Kanye, New, Wigdor LLP, NFL, Employers, Companies, Getty, Employees, Walmart, West Coast, Amazon Locations: California, New York City
Go beyond financial literacy"Gone are the days that we can hide behind the illusion that more financial literacy is enough," says Rahkim Sabree, AFC, financial therapist and counselor. Currently, 25 states require financial literacy education for students; however, rarely, if ever, does financial literacy address larger systemic issues that exist. Black students owe an average of 188% more than what white students borrowed by the fourth year after graduation. One 2016 study found that if current trends continue, closing the wealth gap would take more than 200 years. AdvertisementYounger Black Americans have now become the fastest-growing demographic of new investors in the stock market.
Persons: , Martin Luther King, Jr, Moritz Kuhn, Moritz Schularick, Ulrike I, Rahkim Sabree, We've, Kristin Afelumo, Lazetta Rainey Braxton, Braxton Organizations: Service, Business, Federal Reserve Bank of Minneapolis, Black, National Bureau of Economic Research, Economic Policy Institute, AFC, Bureau of Labor Statistics, Netflix, Lazetta, Associates Locations: America, Evanston , Illinois, Black
Read previewIt turns out chefs dislike tipping as much as you do. AdvertisementChefs don't like tipping as a practiceOverall, the chefs seemed frustrated with tipping as they spoke to Moskin, particularly since diners often resent the practice that is unique to American restaurants. AdvertisementThe chefs don't love tipping. Tipping culture as a whole has been under scrutinyThe restaurant industry isn't alone in reaching a reckoning with tipping. The practice of tipping is clearly at an impasse in the US, but it's unclear how Americans will adapt.
Persons: , Julia Moskin, David Chang, Eric Huang, Moskin, Huang, Grace Cary, Geoff Davis, Davis, Michael Rafidi, Hajime Sato, Rafidi, Tandy Wilson, Corey Mintz Organizations: Service, The New York Times, Business, City House Locations: America, New York, Burdell, Oakland , California, Albi, DC, Sozai, Clawson , Michigan, Nashville
Read previewFirst millennials were priced out of buying homes, and now they can't even afford their rent. In another recent video, Ora Hardesty tearfully said that for the first time ever she wouldn't be able to afford rent. "I don't have a lot of lavish things, I don't go on vacations, and I don't spend a lot." Rents are higher than ever, and millions of millennials are spending the majority of their paychecks on their housing. AdvertisementAccording to real-estate experts, millennials are in a perfect storm, tackling a slew of financial woes at once.
Persons: , Kaitlin Murray, she'd, it's, Ora Hardesty, Alana Lindsay, Coldwell Banker Warburg, Omer Reiner, Rashi Malhotra, Lee Davenport, Whoopi, Whoopi Goldberg Organizations: Service, Business, Coldwell Banker, BI Locations: Boston, New York, Savannah , Georgia, United States
Macías’ prison cell is seen in these videos filmed by members of the military last year. Los Choneros and their main rival, Los Lobos, are believed to be allied with Mexican drug cartels in a war for dominance over Ecuador’s drug trade. Los Lobos saw an opening amid a violent power struggle in Los Choneros when Macías became its leader in 2020, say experts. In a music video shared online last year, the Los Choneros leader can be seen petting a rooster, apparently inside Guayaquil prison complex. But the press secretary of Ecuador’s president reckons the Los Choneros leader was told about an impending prison transfer.
Persons: José Adolfo Macías, Adolfo Macias, Fito, , Pablo Escobar, Macías, ” Jean Paul Pinto, Glaeldys, Julio Cesar Ballesteros, SNAI, Lenín Moreno, Ballesteros, Diana Salazar, , ” Jeremy McDermott, it’s, Choneros, González, Mariachi Bravo, Macías ’, Michelle, Bravo, Fito ’, Daniel Noboa, Noboa, Patricia Bullrich, reckons, ” Roberto Izurieta, jailbreak, Fabricio Colón Pico, Ecuador’s Organizations: CNN, Ecuadorean, Forces, Ecuadorean Armed Forces, AFP, roosters, Prisons, Crisis, Los, Los Lobos, US Treasury Department, Ecuavisa, Marriott, Argentina’s, Argentine, Teleamazonas, Police Locations: La Regional, Colombian, Latin America, Ecuadorian, Ecuador, Colombia, SNAI, America, Americas, Los Lobos, Mexican, Choneros, Guayaquil, Guayaquil –, Argentine, Córdoba, Argentina, CNN Ecuador
AdvertisementBoth Icelandic and foreign-born women told BI that though they largely feel safe in Iceland, it's no feminist paradise. "That was like a wake up call for many women," Thorgerdur J. Einarsdóttir, professor of gender studies at the University of Iceland, told BI. Some groups of women are more vulnerable to violence and low wages, including foreign-born women, women with disabilities, and trans women, the interviewees said. Older generations fight so younger ones can flourishBut despite these concerns, the women BI spoke to said that they largely felt safe living in Iceland. Women BI spoke to largely said they felt optimistic about the changes that future generations would bring.
Persons: , Arni Torfason, Saadia Zahidi, Valenttina Griffin, Grace Dean, Adolphsdóttir, Einarsdóttir, Vigdís Finnbogadóttir, Sigurðardóttir, Iceland's, Halldor Kolbeins, Sonja Ýr Þorbergsdóttir, Þorbergsdóttir, Inclusivity, Alice Olivia Clarke, Mads Claus Rasmussen, Ritzau Scanpix, they'd, Steinars, she'd, she's, Ása Steinars, Alondra Silva Muñoz, Griffin, Silva Muñoz, Sigrún, Rósa, that's, Shruthi Basappa, I've, it's, Jewells Chambers, Silva Muñoz –, millennials –, Organizations: Service, Viking Women, Stockings, Women's Rights, Nordic, Red Stockings, United Nations, Farmers ' Union, University of Iceland, Getty, Iceland, UN, Statistics, Sweden –, Icelandic Teachers ' Union, SEI Locations: Iceland, Reykjavik, Icelandic, Denmark, AFP, Canada, Norway, Sweden, Statistics Iceland, Colombia, Lithuania, Spain, Poland, India, Chile, WomenTechIceland, it's, Brooklyn, New York City, Thorhildur
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