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☆ Stock market today: Stocks close mixed as investors gear up for major Fed rate decision
▼ + stars: | 2024-09-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Tuesday's retail sales data boosted soft landing outlooks. AdvertisementIndexes were mixed on Tuesday with investors still split on the potential size of an interest rate cut, with less than 24-hours to go before the Federal Reserve announces its policy decision. Unanticipated strength in Tuesday's retail sales data convinced investors that the economy remains robust, and the S&P 500 briefly hit a record high before paring gains. Bond yields edged up ahead of the Fed decision, nodding to the possibility that the odds of a jumbo rate cut fell after retail sales surprised to the upside. AdvertisementStrong retail sales suggest that the Fed does not necessarily have to hurry with larger cuts, as the consumer economy appears intact for now.

Persons: —, LPL, Jeffrey Roach Organizations: Service, Federal Reserve, bitcoin, Treasury

Vice President Kamala Harris has selected Minnesota Gov. Harris' campaign texted supporters Tuesday morning, calling Walz "a battle-tested leader who has an incredible track record of getting things done for Minnesota families" and asking for donations to support the new ticket. In picking Walz, who's in his second term and also served 12 years in Congress, Harris will have as her No. Harris also appreciates how different Walz is from her in terms of the contrast he can provide, the sources said. Karoline Leavitt, the Trump campaign press secretary, called Walz a "West Coast wannabe" who has tried "to reshape Minnesota in the image of the Golden State."

Persons: Kamala Harris, Tim Walz, Harris, texted, Walz, who's, Donald Trump, Joe Biden, they’ve, Harris ’, Josh Shapiro, Stephen Maturen, Walz's, Trump, —, Biden, Jenn Ackerman, Sen, JD Vance, ”, Vance, Karoline Leavitt, ” Walz, Joe ”, “, Picking Walz doesn't, George Floyd Organizations: Minnesota Gov, Democratic, Pennsylvania, Minn, Getty, Trump, Army National Guard, NPR, Marist, National Guard, House, Minneapolis Star Tribune, Democrats, New York Times, MAGA Inc, Golden, GOP, Midwestern, MAGA, Democratic National Convention Locations: Minnesota, Rust Belt, Wisconsin , Pennsylvania, Michigan, St, Paul, AFP, Nebraska, Mankato, Minneapolis, Minnesota’s, Golden State, America, U.S, ”

☆ Why fast food value menus aren’t as good a deal as you might think
▼ + stars: | 2024-07-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

But just how much value is there in these kinds of “value” meals? Well, actually, not as much as you may think, since prices for many key ingredients used in value meals are coming down. Cheese, potatoes and tomatoes are getting cheaperMany of the recently announced value meals use cheese, potatoes and tomatoes. Meat eaters benefit the most from the value meal warIf you eat meat, you’re more likely to benefit from some value menu items. Given that meat prices are rising at a faster pace than most foods, it’s no wonder most fast-food chains are only offering value menus for a limited time.

Persons: McDonald’s, Joe Erlinger, ” Organizations: New, New York CNN, Taco Bell, Bureau of Labor Statistics ’, McDonald’s, Wall Locations: New York, Burger, McDonald’s USA

☆ Taylor Swift is doing 8 Eras shows in London. Mini-residencies could be her smartest business decision yet.
▼ + stars: | 2024-07-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. The Eras Tour was always set to be immensely profitable for Swift, but she's set to make even more money thanks to one key business move. Swift is set to play eight nights in London and six in cities like Toronto — and she's skipping nearby cities that she's hit on past tours like Ottawa. Advertisement"It significantly reduces the overhead of a tour," Nathan Hubbard, the former CEO of Ticketmaster who founded the management firm Firebird, told Business Insider.

Persons: —, Taylor Swift's, Swift, Nathan Hubbard, Harry Styles, Hubbard, That's, she's, Taylor Organizations: Service, Wembley, European Central Bank, Barclays, Business, Swift, Ticketmaster, Firebird, Garden, Kia Forum, Las, Pitchfork, Institute Locations: Europe, London, Toronto, Ottawa, Los Angeles, San Diego, New, Covid, Las Vegas, Scotland, Minneapolis

☆ Clarence Thomas takes aim at a new target: Eliminating OSHA
▼ + stars: | 2024-07-02 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewSupreme Court Justice Clarence Thomas has set his sights on eliminating the Occupational Safety and Health Administration. And Thomas, widely considered to be the most conservative justice on the already mostly conservative court, wasn't happy. In a dissent, he explained why he believed the high court should've taken the case: OSHA's power, he argues, is unconstitutional. He argued that if OSHA didn't unconstitutionally grant too much legislative power to an agency, "it is hard to imagine what would." This isn't the first time Thomas has disagreed with his fellow justices to a conservative extreme.

Persons: —, Clarence Thomas, Thomas, should've, Julie A, Su, Labor —, Roe, Wade Organizations: Service, Occupational Safety, Health Administration, OSHA, Business, Labor, Appeals, Circuit, Reuters, Internal Revenue Locations: USA, Ohio, United States, SeaWorld

Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form. "Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI." The bank forecasts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050. Morgan Stanley is not alone in its bullish stance on humanoids. Still, Morgan Stanley outlined a number of sectors set to potentially benefit from humanoids, with social care likely to be the largest total addressable market.

Persons: Morgan Stanley, it's, Elon Musk, Morgan Stanley's, —, Michael Bloom, Lora Kolodny Organizations: Labor, Morgan Locations: China, United States, Asia, Europe

☆ The world of government contract jobs is incredibly complex. Here are the basics.
▼ + stars: | 2024-04-21 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

This lets the government tackle specific jobs and projects quickly without all the steps of regular government hiring and bureaucratic obstacles. Thomson ReutersThere are a wide range of large government contracting companies that the government regularly makes deals with. John Breth, 40, worked in government contracting roles for 12 years before starting his own contracting company. If awarded the contract, you have to meet specific requirements set by the government, which may involve getting clearances or certifications. Once you understand the landscape better, you'll be able to recognize which jobs you qualify for and define your path forward.

Persons: —, Lockheed Martin, Lauren Irizarry, John Breth, Kevin Jennings, Jennings, you'll Organizations: Service, Department of Labor, Business, Raytheon, Thomson Reuters, Defense, Lockheed, Boeing, Northrop Grumman, Judge, US Small Business Administration Locations: Woburn, sba.gov

☆ Nongfu Spring: Bottled water empire of China’s richest man Zhong Shanshan is facing a boycott by nationalists
▼ + stars: | 2024-03-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Zhong and his drinks firm Nongfu Spring, the country’s biggest maker of bottled water, are the latest targets of an army of internet zealots. WeiboThe nationalists have also highlighted the fact that prominent US investment funds, including Vanguard and BlackRock, are major shareholders of Nongfu Spring. “Taking advantage of Mr Zong’s death, a lot of slander against me and Nongfu Spring appeared on the internet. “Whether Wahaha or Nongfu Spring, we always insist on the same thing — producing good products for the people,” he said. Nongfu Spring is just the latest major target of China’s nationalists.

Persons: Hong Kong CNN — Zhong Shanshan, Zhong, Zong Qinghou, Zong, Zhong’s, —, “ Zhong Shuzi, ”, “, He’s, Mr Zong’s, ” Zhong, influencers, netizens, “ Zong, Wei Jiang, Mo Yan, Mao Zedong, Stringer, Li Ning Organizations: Hong Kong CNN, Wahaha, Danone, Weibo, ”, Vanguard, BlackRock, Nongfu, American, Wahaha’s, CNN, Zhejiang Daily, Communist Party, Auto, Zhejiang University of Finance, Economics, People’s Liberation Army, AFP, Getty, Nike, Adidas, United, Toyota, Honda Locations: China, Hong Kong, Beijing, American, Weibo, Nongfu, Zhejiang, Hami, China's, Xinjiang, AFP, United States, Japan

☆ ‘High & Low — John Galliano’ Review: Designing a Comeback
▼ + stars: | 2024-03-07 | by ( Manohla Dargis | ) www.nytimes.com time to read: +3 min

By the time the documentary “High & Low: John Galliano” enters its second hour, you have learned a little about its titular subject’s life. You’ve learned about his childhood in England, his time studying fashion in school, his habit of indulging to excess. Mostly, you have witnessed the unfolding of one of the most exalted careers in high fashion, a decades-long spectacle filled with sensational designs, leggy beauties and air kisses, all set to the drone of millions upon millions of dollars in annual sales. As interviewees chatter and declaim, Macdonald regularly cuts to runway imagery, which is certainly more enjoyable than enduring Galliano’s prejudices. There’s a surfeit of beauty, though the visual quality of the archival material is suboptimal until the shift to digital.

Persons: John Galliano ”, You’ve, you’ve, Hitler, Kevin Macdonald, Galliano, Macdonald, Abel Gance’s, ”, Givenchy, Josephine, Lolita, Dior, Paris’s Organizations: “ Locations: England, Dior

☆ Temu dropped tens of millions of dollars on its flurry of Super Bowl ads — and its big spending may pay off
▼ + stars: | 2024-02-13 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Temu's Super Bowl ads sparked a surge in online searches despite recent downturn among users. AdvertisementTemu was the talk of the town on Monday after its ambitious Super Bowl advertising campaign sparked a flurry of online queries about the Boston-based, Chinese-owned e-commerce company. The company splurged on three ads during the game and two afterward, per CNN, also offering $15 million in giveaways and coupons as part of its Super Bowl promotion. But while Temu saw massive growth in 2023, some of its numbers have started to fall off in recent months among American users, according to Bloomberg. But its Sunday advertising campaign may have already helped Temu regain some of its early success in the US.

Persons: Temu, —, Morgan Stanley Organizations: Service, Super Bowl, Bloomberg, CNN, Bowl, Temu, Google, Apple, USA Locations: Boston

☆ Many women lost sexual desire during the pandemic. Here’s what to do
▼ + stars: | 2024-02-08 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

Sexual function — which includes factors like desire, arousal and pleasure — in men and women decreased significantly after the start of the Covid-19 pandemic, according to a January 2022 meta-analysis of 21 studies published in the journal BMC Public Health. And women — even more so than men — struggled when it came to desire. Many people, particularly women, tend to experience what is called responsive arousal as opposed to spontaneous arousal, she said. And the data showed that men were more likely than women to seek professional help for the sexual problems they experienced, he said. “Unfortunately, I think we’ve sort of normalized sexual difficulties for women,” he added.

Persons: don’t, —, “ I’ve, ”, Vanessa Marin, “, Marin, Justin Lehmiller, Lehmiller, ” Marin, Deborah Fox, Fox, ” Lehmiller Organizations: CNN, BMC Public Health, Kinsey Institute, Indiana University, Fox Locations: Santa Barbara , California, Washington ,

☆ Kyte Baby in controversy after Marissa Hughes’ remote work request was denied, CEO apologizes
▼ + stars: | 2024-01-21 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +8 min

New York CNN —The CEO of Texas-based baby clothing company Kyte Baby has issued two apologies after denying a remote work request by an employee whose baby was admitted into a neonatal intensive care unit. “We work at Kyte Baby: Of course we’re going to bring our kids to work,” an employee says in one TikTok video. “We work at Kyte Baby: Of course we’re expecting,” another chimes in. Another video titled “Meet the Kyte Baby Team” introduces various Kyte Baby employees, each dancing with a child or two in tow. According to a survey published by Bankrate that same month, 77% percent of full-time working women with children under the age of 18 support hybrid work schedules, while 74% support remote work.

Persons: Kyte Baby, Kyte, Marissa Hughes, ” Hughes, Hughes, Ying Liu, “ Kyte, Liu, ”, ” Lauren Jennings, Alison Brod, James Haggerty, ” Jennings, “, ’, It’s, ” Kyte Baby, “ Marissa, Bankrate Organizations: New, New York CNN, Alison Brod Marketing, Communications, CNN, Brookings, Department, Labor’s Locations: New York, Texas, America, United States

☆ Remote Work Hurts Innovation Among Work Teams, Massive New Study Finds
▼ + stars: | 2023-12-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Now, though, a massive new study published in the journal Nature has shed new light on the effect of remote work on innovation. Even though remote work is a relatively new development in corporate settings, scientists and inventors have been collaborating over long distances for decades. On remote teams, by contrast, the more established collaborators tended to come up with the original idea on their own. And just because remote collaboration didn't work for innovation in the past doesn't necessarily mean it won't work in the future. But the study's findings — given the remarkable sweep of the data it examined — do suggest some guidance for companies in the age of remote work.

Persons: haven't, Carl Benedikt Frey, Frey, Watson, Crick's, they'll, who's, Slack, you'll, we're, Aki Ito Organizations: Netflix, Oxford University, University of Pittsburgh pored, Oxford, Duke University, Business Locations: Silicon Valley

Thai Foreign Minister Parnpree Bahiddha-Nukara wrote online that he was “overjoyed.”He had traveled more than three weeks ago to Egypt and Qatar to seek their help in obtaining the hostages’ freedom. “It is our deep hope that all remaining hostages will be taken care of, and will be safely released at the earliest opportunity,” the Thai Foreign Ministry said. The spokesman for the Qatari foreign ministry, Majed al-Ansari, posted on X that the number was 10. Prof. Hagai Levine, head of the medical team at the Hostages and Missing Persons Families Forum, said that getting medical information about the Thai hostages' pre-existing conditions has been trickier than with released Israelis. According to Thailand's foreign ministry, 39 were killed in the Oct. 7 attacks, and 26 abducted.

Persons: Parnpree Bahiddha, Nukara, ”, Thais, Srettha Thavisin, Majed al, Ansari, farmhands, Hagai Levine, Ratana, “, Parnpree Organizations: Thai, International Committee, Thai Foreign Ministry, Qatari, Shamir, Center, Facebook, Hamas, Government, Trade, Labor Ministry Locations: Egypt, Qatar, Thailand, Israel, Iran, Malaysia, Thai, Udon Thani, Tehran, Persia

☆ The Social Gospel movement is changing our politics and reshaping our perspectives
▼ + stars: | 2023-11-13 | by ( John Blake | ) edition.cnn.com time to read: +15 min

Fain’s sermonette underscores a trend that has largely gone unnoticed: The Social Gospel movement is making a comeback. Jemal Countess/Getty ImagesIt might sound like hyperbole to say that this resurgent form of the Social Gospel is changing our politics. He reached deep into the Social Gospel throughout the UAW strike, routinely deploying what one commentator called “strikingly Christian rhetoric.”Christopher H. Evans, author of “The Social Gospel in American Religion: A History,” said he heard the Social Gospel in Fain’s UAW speeches. “It (The Social Gospel) won’t have the institutional muscle it had before, but you could still have these voices and followers.”The climate in contemporary America seems ripe for the Social Gospel message. And the soaring optimism of old Social Gospel reformers may now seem as outdated as wobbly black-and-white silent films.

Persons: CNN —, Shawn Fain, Fain, ” Fain, Matthew, Jesus, ”, Moses, Paul, Stellantis, Fain’s sermonette, don’t, Frederic J . Brown, John D, Rockefeller, “, pulpits, didn’t, Charles Sheldon, Fain’s, that’s, Democratic Sen, Raphael Warnock, Cornel West, William Barber II, Liz Theoharis, Matthew Desmond, Martin Luther King, William Barber, Jemal Countess, ” Christopher H, Evans, Heath W, Carter, Luke, Sen, Warnock, Barber, Desmond, Amir Levy, it’s, ” It’s, you’re, ” Evans, Dom Helder Camara, Rebecca Cook, Reuters “ There’s, won’t, —, John Blake Organizations: CNN, Big Three, United Auto Workers, UAW, General Motors, Ford Motor Company, Chrysler, Writers Guild of America, UPS Teamsters, UPS, Getty, Democratic, US, Big Tech, Boston University, ” Mining, Library, “, Princeton Theological Seminary, Yale Divinity School‘s Center, Public Theology, Ivy League, The New York Times, Social, Reuters, Teamsters, Screen Actors Guild Locations: Jerusalem, America, Los Angeles, AFP, Washington, Kingston , Pennsylvania, Chicago, ”, American City, American, Lower Manhattan, New York City, Brazilian, Detroit

☆ Black workers could be disproportionately harmed by AI in the workplace, a study says. They are feeling the heat — and trying to fix it.
▼ + stars: | 2023-11-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Black workers are more afraid of being replaced by AI than white workers, a new survey found. That may be because Black workers have a fraught history with the technology, experts say. Black workers are feeling the pressure, new research suggests. Even before the rise of generative AI, Black workers in low-wage jobs faced a greater risk of being replaced by automation technologies, Goligoski said. "It is insufficient to relegate the responsibility of protecting Black workers from the harms of AI to businesses alone," Hayes said.

Persons: —, Emily Goligoski, Goligoski, Myaisha Hayes, Richard Baldwin, Hayes, " Hayes Organizations: Service, McKinsey, Black, Amazon, Companies

☆ More than 40% of labor force to be impacted by AI in three years, Morgan Stanley forecasts
▼ + stars: | 2023-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Today, Morgan Stanley pegs the AI impact at $2.1 trillion — affecting 25% of labor. The projections from Morgan Stanley come amid a stellar run for artificial intelligence-related stocks in 2023. Should generative AI adoption among enterprise workloads hit 20% over the next three year, it poses a $150 billion global enterprise spending opportunity, Morgan Stanley projects. An artificial intelligence sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.

Persons: Morgan Stanley, Brian Nowak, Nowak, Aly Song Organizations: TAM, Public Cloud, Artificial Intelligence Locations: Shanghai

☆ 'Just shut your mouth:' Populist Republicans back UAW workers' demands while slamming union leadership
▼ + stars: | 2023-09-26 | by ( Bryan Metzger | Nora Naughton | ) www.businessinsider.com time to read: +11 min

Hawley and Vance support striking auto workers, but they're not on the same page as union leadership. AdvertisementAdvertisementAs strikes at auto manufacturing plants continue across the country, some populist-minded Republicans are breaking from their party's long-standing orthodoxies and backing the United Auto Workers' demands. Last week, Fain even slammed Donald Trump as part of the "billionaire class" following the news that the former president would address union workers in Michigan this week. So far, the only company that has figured out how to squeeze consistent profits out of electric cars is Tesla, which does not use more union labor. The union is now aiming to rebuild its reputation and influence in automotive labor and the labor movement writ large.

Persons: Hawley, Vance, they're, It's, —, what's, Sen, JD Vance, Ohio, Josh Hawley, Biden, Shawn Fain, They've, Fain, Donald Trump, Sherrod Brown, Brown, we've, Detroit's Ford, Matt Wegener, Wegener, EVs, Charmonique Demings, Trump —, Trump Organizations: PRO, Service, United Auto Workers, Republicans, UAW, GM, Stellantis, Biden's, Democrat, Michigan Assembly, Ford's Michigan, Trump, US, Detroit —, National Labor Relations Board, Supreme, Bloomberg, Biden, Battery, EV, Volkswagen, Tesla, Republican, Ford, Democratic, Democratic Party, American Locations: Josh Hawley of Missouri, China, Wentzville , Missouri, Michigan, Ohio, Detroit, Trump's Michigan, States, Mexico, Canada, Missouri

☆ Feds open investigation into major American chicken companies over use of child labor
▼ + stars: | 2023-09-23 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

There has been a dramatic increase in reports of child labor — and workplace accidents involving kids. Overall, the Department of Labor said it had seen a 69% increase in illegal child labor over the previous five years. On Saturday, Seema Nanda, the US solicitor of labor, said she is examining whether companies can be held liable for contractors' labor practices. "We are long past the day when brands can say that they don't know that they have child labor in their supply chain," Nanda told the Times. It has also begun a third-party audit of its child labor policies, the spokesperson said.

Persons: Seema Nanda, Nanda, Tyson Organizations: US Department of Labor, New York Times, Perdue, Service, The New York Times Magazine, Tyson Foods, Department of Labor, The Times, Times, Perdue Farms Locations: Wall, Silicon, Wisconsin, Mississippi

☆ Ford’s former CEO has a stark warning for both the UAW and automakers
▼ + stars: | 2023-09-13 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

“The automakers can’t plead poverty,” Fields told CNN on Wednesday, noting the industry’s recent string of profitable years. [Automakers’] CEO pay went up 40%. “But I do think he’s quite misplaced in that if there’s a work stoppage… there will be lots of people hurt,” the former Ford CEO said. However, economists say a UAW strike is unlikely to cause a recession, though it would do damage to local economies and parts suppliers. You can’t fault them for trying to deal with inflation that is hurting their families,” the former Chrysler CEO said.

Persons: Mark Fields, ” Fields, “, ”, Jim Farley, Fields, CNN’s Vanessa Yurkevich, “ We’re, ” Farley, Shawn Fain, ’, ” Fain, Jake Tapper, Bob Nardelli, ” Nardelli, Goldman Sachs, “ It’s, Fain, Nardelli, Ron Gettelfinger, Ford, CNN’s Chris Isidore Organizations: New York CNN Business —, Detroit, Ford, GM, CNN, Chrysler, United Auto Workers, UAW, UPS, American Airlines, West Coast, TPG Capital, Anderson Economic Group, Big Locations: Mexico, Chihuahua

☆ Pay Gains Are Slowing, Easing Worries on Inflation
▼ + stars: | 2023-09-01 | by ( Ben Casselman | More About Ben Casselman | ) www.nytimes.com time to read: +1 min

American workers got smaller pay increases in August. But the slowdown in wage gains is consistent with other evidence suggesting a gradual cooling in the labor market. For workers, the pain of slower wage growth is being offset, at least to some degree, by cooling inflation. Price increases outpaced pay gains for much of last year, but that trend has since reversed. Pay, adjusted for inflation, has risen in recent months; the Labor Department will release August price data later this month.

Persons: Price Organizations: Federal Reserve, Employers, Labor Department

☆ Opinion | The Absurd Republican Argument for Rolling Back Child Labor Laws
▼ + stars: | 2023-08-09 | by ( Jessica Grose | ) www.nytimes.com time to read: +3 min

Vrbin’s report notes that Kellams isn’t against teenagers working, and that as a teenager she herself worked at a local chicken plant that has a history of violating child labor laws. Some of these laws, like Iowa’s, which allows 14- and 15-year-olds to work up to six hours a day during the school year, conflict with federal labor law. According to Nina Mast, a state economic analyst at the Economic Policy Institute, the ultimate goal of the proponents of these state laws is to weaken federal child labor law. Though there were attempts to weaken child labor law after that, he says, they weren’t really mainstream for decades. In his book, Fliter notes that as a presidential candidate in 2012, the former House speaker Newt Gingrich “proposed a plan to allow poor children to work as janitors in schools” and called child labor laws “truly stupid.” Since then, political attacks on child labor laws have increased.

Persons: ”, Tess Vrbin, Laura Kellams, ” Kellams, Nina Mast, John Fliter, Fliter, Mike Lee of, Newt Gingrich “ Organizations: Northwest, Arkansas, Children, Economic Policy Institute, Kansas State University, “ Child Labor, Fair Labor, Senate Locations: Arkansas, The Arkansas, Northwest Arkansas, ” Arkansas, Iowa , New Hampshire, New Jersey, America, Mike Lee of Utah, ”

☆ Taylor Swift is doing 6 shows in LA for her Eras tour. Mini-residencies could be her smartest business decision yet.
▼ + stars: | 2023-08-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour is set to break records, with some estimating it could gross $1.4 billion. Swift is set to take home hundreds of millions of dollars — and "mini-residencies" will help. There's no arguing that, when it comes to her Eras tour, Taylor Swift is polishing up real nice. This will likely be an immensely profitable tour for Swift no matter what, but thanks to one key business move, she's set to make even more. "The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries," the Common Sense Institute estimated.

Persons: Taylor, Swift, She's, Taylor Swift, she's, Nathan Hubbard, Harry Styles, Hubbard, That's, wouldn't Organizations: Swift, Ticketmaster, Firebird, Kia Forum, Las, Federal Reserve, Pitchfork, Taylor Swifts Locations: Los Angeles, Toronto, San Diego, Ottawa, New, Covid, Las Vegas, Louis, Phoenix, Nashville, Chicago, Kansas City , Missouri, Philadelphia, U.S

☆ Why college is getting more expensive
▼ + stars: | 2023-07-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

After adjusting for currency inflation, college tuition has increased 747.8% since 1963, the Education Data Initiative found. But the net price of college — that’s the amount that students and their families are actually shelling out — has been decreasing. The average student at a private four-year college paid $32,800 for tuition and room and board last year. When adjusted for inflation, the actual price paid for private college has dropped by 11% over the past five years, according to College Board data. In a 6-3 decision the Supreme Court struck down the Biden administration's student debt forgiveness program in Biden v. Nebraska.

Persons: Brian Snyder, ”, Megan Brenan, Catharine Hill, “, —, couldn’t, ’ ”, they’ve, Kevin Dietsch, Joe Biden’s, Biden Organizations: New, New York CNN, College, US News, Harvard University, Harvard, Reuters, Education Data Initiative, Georgetown University Center, Education, Gallup, Vassar College, “, ”, National Education Association, Foreign Relations, Economic, Institute, luxe, ” Colleges, American, of Trustees, NEA, College Board, U.S, Supreme, Biden, . Nebraska Locations: New York, Cambridge , Massachusetts, United States, “, Washington , DC, .

☆ Opinion | America Must Rebuild Itself. The Question Is How.
▼ + stars: | 2023-07-16 | by ( Ezra Klein | ) www.nytimes.com time to read: +4 min

In practice, though, the term “organized labor” belies the reality of fractured, disorganized labor organizations at the state and local levels. I’ve talked in previous columns about the cost and speed gains to be made by using modular housing produced in off-site factories that use union labor. That said, I think labor is a more natural ally in this project than some other liberal interest groups. You can see that in Pennsylvania, where a section of I-95 collapsed and was rebuilt in a matter of weeks, not months or years, with union labor. Plenty of countries with stronger unions than America complete transit projects more rapidly and more affordably than we do.

Persons: I’ve, Josh Shapiro, “, ” Shapiro, Biden, Shapiro Organizations: Commonwealth, Democratic Locations: California, Pennsylvania, America, Plenty, United States

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