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New legislation working its way through Congress could improve retirement security for U.S. workers. The plan is part of a stopgap spending bill, and it includes a provision that would automatically enroll eligible employees into their company's retirement plan. Under the new legislation, employers could consider a worker's student loan payment to be the equivalent of a 401(k) contribution and match it accordingly. Finally, the legislation offers a 100% tax credit to businesses with 50 employees or fewer for the cost of maintaining a 401(k) plan. "It’s a bill that helps all income levels and all different types of workers and retirees," Richman, of the Insured Retirement Institute, said.
Former Alameda CEO Caroline Ellison isn't named in prosecutors' charges against Sam Bankman-FriedBut the SEC's civil suit references her statements on the relationship between FTX and Alameda. Conspiracy charges and civil claims against SBF show others in the crosshairs, legal experts said. But her rise as CEO at Alameda, Bankman-Fried's other crypto company separate from FTX, may certainly put her in investigators' sights. The SEC's complaint on Tuesday claimed that Bankman-Fried "remained the ultimate decision-maker" at Alameda, even after Ellison took over the reins. Since Bankman-Fried's crypto empire began unraveling in November however, Ellison has stayed away from the public eye.
Harvard University announced Thursday that Claudine Gay will become its 30th president, making her the first Black person and the second woman to lead the Ivy League school. Gay, who is currently a dean at the university and a democracy scholar, will become president July 1. With Gay’s appointment, women will outnumber men as chiefs of the eight Ivy League schools. Gay will be the only Black president currently in the Ivy League and the second Black woman ever, following Ruth Simmons, who led Brown University from 2001 to 2012. Gay’s early challenges could include fallout from the Supreme Court’s review of the use of race in admissions.
The answer is the latter, says Pamela Meyer , a Harvard-educated deception expert who is a certified fraud examiner and the author of the 2010 book "Liespotting: Proven Techniques to Detect Deception." Now, with Sam Bankman-Fried arrested on Monday by Bahamian authorities, the world is wondering if the FTX founder will follow in Holmes' footsteps as the next disgraced startup founder to end up behind bars . Such tactics should have been "a red flag, for sure, that he was deflecting a deep dive into the details" of FTX, Meyer says. You let them talk and talk and talk." This appears to be Bankman-Fried's current mode, Meyer says.
When Zhe Scott founded her SEO consulting and marketing firm, The SEO Queen, in 2017, she expected her employees to stick around long-term. Their conversations led Scott to "think about talent acquisition the same way I think about customer acquisition," she said. He and Scott shared how they overhauled Scott's hiring process and came up with solutions to improve talent retention. Scott is continuing to work on finding her next great employee using the ideas she and Coleman came up with. Treating talent acquisition as an ongoing taskWhile she hasn't found any new employees yet using updated new process, Scott said, she's confident about the long term.
UAW wins key vote to represent Ohio EV battery factory
  + stars: | 2022-12-09 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —Workers at the Ultium Cells plant, co-owned by General Motors and Korean giant LG, voted overwhelmingly this week to join the United Auto Workers union. Like Ultium most of those battery plants are joint ventures with battery makers rather than wholly owned by the automakers themselves. That means the workers at those new plants will not be part of the UAW unless they vote to join. So it’s crucial for the UAW to be able to organize these slew of joint venture battery plants popping up nationwide. While GM (GM) is not the sole owner of the plant, its executives welcomed the union in hopes it helps to maintain labor peace with contract talks looming next fall.
She eventually learned that the balance issues and ear pain resulted from a damaged vestibular nerve, a known effect of long Covid. She found that 2 million to 4 million full-time workers are out of the labor force due to long Covid. For one, many of the hundreds of potential long Covid symptoms are invisible to others, even if disabling for the afflicted. Why the long Covid labor gap mattersJerome Powell, chair of the Federal Reserve, mentioned Sheiner and Salwati's long Covid research in a recent speech about inflation and the labor market. That burden will continue to rise if long Covid patients don't start recovering at greater rates, she said.
Under Gina Raimondo, the Commerce Department has played a key role in the Biden administration’s economic strategy against China. WASHINGTON—The U.S. isn’t seeking to decouple from China, U.S. Commerce Secretary Gina Raimondo will assert Wednesday, even as she emphasizes steps the U.S. is taking to safeguard its technology to ensure its economic competitiveness. Ms. Raimondo is scheduled to speak Wednesday on U.S. competition with China at the Massachusetts Institute of Technology. At a briefing with reporters in advance, Ms. Raimondo highlighted the importance of promoting trade and investment in areas outside of core economic and national security interests.
But the rare cosmic event actually occurred 8.5 billion light years away from Earth, when the universe was just a third of its current age — and it has created more questions than answers. This graphic shows how a tidal disruption event might look in space. Carl Knox/OzGrav/Swinburne University of TechnologyWhen a star is torn apart by a black hole’s gravitational tidal forces, it’s known as a tidal disruption event. Observing more events like this could reveal how black holes launch such powerful jets across space, according to the researchers. “Scientists can use AT 2022cmc as a model for what to look for and find more disruptive events from distant black holes.”
It's now clear to U.S. officials that China, once considered a possible economic and political ally, has become an emerging threat to national security, U.S. companies and American workers, Commerce Secretary Gina Raimondo said Wednesday. "China's reprioritization away from economic growth toward national security and its assertive military behavior means that we have to rethink how we protect our national security interests while also promoting our interests in trade and investment." "Probably most disturbingly is they're accelerating their efforts to fuse economic and technology policies with their military ambitions," Raimondo said. "China today poses a set of growing challenges to our national security," she said. But in areas that have no potential to undermine our interests, our values, our national security, our economic security, and at the same time using every tool in our toolbox to protect our companies and counter unfair economic practices," Raimondo said.
Republican leader Kevin McCarthy is struggling to secure the 218 votes he needs to be elected speaker of the House in January. In this game of chicken, if the conservatives don’t blink and McCarthy refuses to back down, it could result in a chaotic floor fight with House members taking multiple votes for speaker — something that has not happened in a century. The House was called to order at noon and the chamber moved to the first order of business: electing the speaker. The House held three more unsuccessful votes for speaker that day before adjourning just after 2 p.m. The date was Feb. 2, 1856, two months after the first speaker vote.
Alameda's former co-CEO used poker and blackjack strategies in crypto trading, Bloomberg reported. Tweets and public comments by Sam Trabucco indicate the former Alameda executive employed poker and blackjack strategies in crypto trading, according to the Bloomberg report. Trabucco frequently revealed how much he applied what he learned from his time at card tables to the crypto market, Bloomberg reported. According to the report, Trabucco in January 2021 said Alameda employed risky bets in the firm's business. FTX may have more than a million creditors and Ray slammed its operations in FTX's bankruptcy filings.
Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. Jamie Kelter Davis/Bloomberg/Getty ImagesEver since he was a child growing up in Melbourne, Florida, Scaringe wanted to start his own car company. At the time, the idea of starting a car company seemed very farfetched. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child.
Even now, as the company’s assembly lines have started churning out its electric vehicles, success still isn’t assured. The 39-year-old is running the car company he founded, building electric vehicles he helped engineer and design. A Rivian R1T pickup truck at the company's manufacturing facility in Normal, Illinois. Robert Joseph "RJ" Scaringe, Rivian's founder and CEO, said he had wanted to start a car company since he was a child. In 2021, Ford revealed the F-150 Lightning electric truck, which went into production this year.
LONDON, Nov 21 (Reuters) - Repeated shelling of the Zaporizhzhia nuclear power plant in southern Ukraine has raised the possibility of a grave accident just 500 km (300 miles) from the site of the world's worst nuclear accident, the 1986 Chornobyl disaster. What nuclear material is at Europe's largest nuclear power plant, what are the risks and why are Russia and Ukraine fighting over it? The Zaporizhzhia nuclear power plant has six Soviet-designed VVER-1000 V-320 water-cooled and water-moderated reactors containing Uranium 235, which has a half-life of more than 700 million years. The biggest risk is from overheating nuclear fuel, which could happen if the power that drives the cooling systems was cut. Besides the reactors, there is also a dry spent fuel storage facility at the site for used nuclear fuel assemblies, and spent fuel pools at each reactor site that are used to cool down the used nuclear fuel.
CNN —The James Webb Space Telescope has spied one of the earliest galaxies formed after the big bang, about 350 million years after the universe began. Webb’s capability to look deeper into the universe than other telescopes is revealing previously hidden aspects of the universe, including astonishingly distant galaxies such as these two finds. Two distant galaxies were observed by the James Webb Space Telescope. Just a few hundred million years after the big bang, there were already lots of galaxies. Detection of light invisible to the human eyeThe new findings about the two galaxies might mean there are other bright galaxies waiting to be found in the distant universe.
Sequoia was shocked at the amount of money Bankman-Fried needed to save FTX, according to the sources, while Apollo first asked for more information, only to later decline. The booklet flagged the risks of crypto trading, particularly how sudden sales of tokens could trigger a "domino effect" that would lead to a "cascading set of liquidity failures." Using profits from Alameda, Bankman-Fried launched FTX in 2019. From almost nothing in 2019, FTX handled about 10% of global crypto trading this year, a September document shows. At one point, he lived in a penthouse overlooking the Caribbean, valued at almost $40 million, according to two people who worked with FTX.
This year, about 630,000 more Americans per month are calling out sick for a week or more than pre-pandemic. Even though an elevated number of workers are still getting sick, employers are losing their patience. One union told Insider that the disparity highlights the need for guaranteed sick leave. "UFCW fights hard to ensure guaranteed sick leave is included in our contracts so employers can't simply cut back on leave because they're 'tired of excuses.'" When it comes to low-wage employees, over 60% don't have access to sick leave, according to a September study from the Economic Policy Institute.
Peter Thiel's venture-capital firm, Founders Fund, just led a $40 million raise for ISEE. CEO Yibiao Zhao told Insider the startup's first focus was software for trucks in logistics yards. Peter Thiel's venture-capital firm just led a $40 million investment into a little-known self-driving-tech startup whose founders plan to help solve the supply-chain crisis. The raise is sizable considering today's economic environment has seen less funding going toward mobility, including autonomous tech. "We don't build trucks," Zhao said.
The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Bankman-Fried sent out a series of tweets on Friday stating his hope that FTX would be able to continue as a going concern following its bankruptcy. Media outlets have reported that the Securities and Exchange Commission and Justice Department are now investigating FTX. In the days following the report, rival crypto exchange Binance announced it was liquidating its FTT holdings. Unable to find an out, FTX announced its bankruptcy filing Friday morning.
Nov 11 (Reuters) - Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping off a tumultuous week for the industry. Following are some facts about the co-founder and former CEO:EDUCATION AND VENTURES BEFORE FTXBorn in 1992, Sam Bankman-Fried grew up in California. Bankman-Fried later graduated from the Massachusetts Institute of Technology (MIT) with a degree in physics. After a more than three-year stint at the New York-based firm, he moved to crypto trading and founded Alameda Research in 2017. The company offered trading on crypto tokens and derivatives, while also boasting of a robust risk management system.
On Thursday, CoinDesk unearthed more secrets about the inner workings of Bankman-Fried's crypto empire, including the untraditional makeup of his inner circle. Those sources told CoinDesk that both operations were run by Bankman-Fried's inner circle of 10 roommates. Among the named members of Bankman-Fried's inner circle were Caroline Ellison, Alameda's current CEO. Some employees outside Bankman-Fried's inner circle noted that they were shocked by the events of the past week. "Some employees kept their life savings on FTX," an anonymous source told CoinDesk.
It also includes a star fintech banker and leading voice on the Black experience on Wall Street. Here are 5 top names who will help shape the Wall Street of tomorrow. In the 12 years that he's been at Goldman, Watkins has helped Goldman advise on some of the technology industry's biggest transactions. He has also been a leading voice in discussing the Black experience on Wall Street. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO.
Republican Sarah Huckabee Sanders is running against Democrat Chris Jones in Arkansas' gubernatorial race. Sanders, a former Trump administration official, is the daughter of former Arkansas Gov. Election 2022 Arkansas Results Explore more election results Alaska Arizona California Colorado Connecticut Florida Georgia Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Michigan Minnesota Nevada New Hampshire New Mexico New York North Carolina Ohio Oregon Pennsylvania Rhode Island Texas Virginia Washington WisconsinRepublican Sarah Huckabee Sanders faces off against Democrat Chris Jones in Arkansas' gubernatorial election. Arkansas' gubernatorial candidatesSanders is the daughter of former Arkansas Gov. Jones, Sanders' opponent, is a nuclear engineer with a Ph.D. in urban planning from the Massachusetts Institute of Technology.
Republican Sarah Huckabee Sanders ran against Democrat Chris Jones in Arkansas' gubernatorial race. Senate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Governor Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Statehouse Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Republican Sarah Huckabee Sanders defeated Democrat Chris Jones in Arkansas' gubernatorial election, becoming the state's first elected woman governor.
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