DIRS.INFO The most relevant business & tech news

☆ Hard work just doesn't pay like it used to
▼ + stars: | 2023-04-05 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Today's workers, especially gig workers, don't have the security that hard work once promised. Fueling the pessimism about hard work might be that Americans have "been doing nothing but hard work for the last two decades," Jennifer Klein, a Yale labor historian, told Insider. Blame the rise of gig work for hard work not paying offThough Americans work fewer hours now than they have in years past, they're working harder than ever. As a result, "people have experienced hard work and intensified work, but in very, very unpleasant and not particularly rewarding terms," she added. However, deregulation of employment and the dismantling of the New Deal structures of fair work have decoupled hard work and security, Klein said.

☆ Senators ask 27 CEOs to make sure their companies comply with child labor laws
▼ + stars: | 2023-04-05 | by ( Laura Strickler | ) www.cnbc.com time to read: +7 min

The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.

☆ Starbucks union is using billboards, a brass band and a butter sculpture to pressure board members from Nike, Land O'Lakes and Lego
▼ + stars: | 2023-04-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Starbucks union organizers are stepping up pressure on individual members of the company's board. Leaders at Nike, Lego, and Land O' Lakes were targeted using billboards, a movie trailer, a brass band, and even a butter sculpture. The push comes a week after shareholders voted in favor of an investigation into Starbucks' labor practices. Meanwhile, in Los Angeles and online, a Lego Movie-styled trailer premiered with the aim of enlisting Lego President Jorgen Vig Knudstorp to join the side of Starbucks workers. And now, those tensions are spilling over to other companies as the union targets Starbucks' board of directors.

☆ Chicago mayoral election live results: Brandon Johnson and Paul Vallas face off in runoff election
▼ + stars: | 2023-04-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Brandon Johnson and Paul Vallas are facing off in the Chicago mayoral runoff election. The winning candidate will succeed Mayor Lori Lightfoot, who was the third-place finisher in the initial Feb. 28 mayoral election behind Vallas and Johnson, respectively, missing her chance to compete in the runoff. Garcia came in fourth place in the February mayoral election; in 2015, he was also a mayoral candidate, forcing then-Mayor Rahm Emanuel into a runoff election, which he eventually lost. According to the Illinois State Board of Elections, Vallas raised $6.4 million in the lead-up to the initial February mayoral election and has raked in at least $10.9 million since March 1. Johnson raised nearly $4 million before the February election and has taken in at least $5.8 million since March 1.

☆ Gavin Newsom says he's taking a road trip through red states to fight the policies and 'anger machine' of DeSantis and other GOP governors
▼ + stars: | 2023-04-04 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +10 min

California Gov. Gavin Newsom is traveling to red states to tout the progressive agenda. Gavin Newsom of California already had a plan in the works to go on offense against Republican governors. California Gov. California Gov.

☆ Biden could protect student-loan borrowers from being stuck with useless degrees and a lot of debt by bringing back a rule Trump ditched, progressive lawmakers say
▼ + stars: | 2023-04-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

It included reinstating and strengthening the gainful employment rule, which protects student-loan borrowers from unaffordable debt post-graduation. Biden delayed implementation of the rule until 2024 and is expected to put out a proposal this month. "The Gainful Employment rule is a cornerstone of our ambitious regulatory agenda," the spokesperson said. Along with reinstating gainful employment, lawmakers and advocates have also called for the executives of for-profit schools to be held liable for costs when the school shuts down, rather than taxpayers and borrowers. Now, lawmakers and advocates await the department's gainful employment proposal.

☆ Starbucks union pressures board members with billboards, posters – and a butter sculpture
▼ + stars: | 2023-04-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Nearly 300 company-owned Starbucks cafes have voted to unionize under Workers United, according to National Labor Relations Board data. Starbucks Workers United is deploying a butter sculpture, brass band, billboard and movie posters to put pressure on the coffee chain's board to accept the union. Beth Ford, chief executive officer of Land O'Lakes Inc. (L), and a butter sculpture of land o'lakes her. In the hopes of speeding up the process, just outside of Minnesota's Twin Cities, Starbucks workers will deliver a butter sculpture of Ford to Land O'Lakes' headquarters. "Community allies" will also take part, according to Starbucks Workers United.

☆ The head of American Eagle's logistics subsidiary is out. Read the internal memo to staff.
▼ + stars: | 2023-04-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

American Eagle Outfitters built a logistics arm by acquiring two firms in 2021. The head of American Eagle's logistics arm Quiet Platforms is out as the outfit struggles to achieve profitability, according to an internal memo to staff obtained by Insider. Shekar Natarajan was president of Quiet Platforms until he left the company last week, according to the memo. Quiet Platforms is a wholly-owned subsidiary of American Eagle Outfitters. It was built by combining fulfillment and logistics firm Quiet Logistics, which the retailer acquired in 2021 for $350 million, and a much smaller parcel logistics startup called AirTerra, acquired the same year.

☆ Former Arkansas Gov. Asa Hutchinson announces 2024 presidential bid, says Trump should drop out of race
▼ + stars: | 2023-04-02 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Asa Hutchinson is running for the 2024 Republican presidential nomination, he announced Sunday. Trump's indictment marked a "sad day for America," Hutchinson said, but it is also a "great distraction." Hutchinson served as governor of Arkansas since 2015, and he has been positioning himself as an alternative to Trump. Since Trump's indictment Thursday, Hutchinson has been firm about his calls for Trump to drop out of the primary. He was also a member of the U.S. House of Representatives and U.S. Attorney for the Western District of Arkansas.

☆ Starbucks fires Alexis Rizzo, the Buffalo union worker who 'ignited a movement' to organize
▼ + stars: | 2023-04-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday. Alexis Rizzo had been shift supervisor at the Genesee Street store in Buffalo for 7 years, the union said. “This is retaliation at its worst,” a statement from Starbucks Workers United said. Nearly 300 locations have voted to join Starbucks Workers United. “What is outrageous to me is not only Starbucks’ anti-union activities and their willingness to break the law, it is their calculated and intentional efforts to stall, stall and stall,” Sanders said during the hearing.

☆ Starbucks fired the worker who led unionization movement, just days after former CEO grilled by Congress
▼ + stars: | 2023-04-02 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Rizzo sparked what has become a nationwide labor movement when she worked to unionize two Starbucks stores in Buffalo, New York. Alexis Rizzo, the Buffalo-based Starbucks worker who began the Starbucks Workers United campaign, was fired after seven years with the company, Starbucks Workers United tweeted Saturday. In an interview with CNBC, Rizzo said she was fired after her shift Friday, and that managers cited four times she was late for work. —Starbucks Workers United (@SBWorkersUnited) April 1, 2023Rizzo's firing follows former Starbucks CEO Howard Schultz's recent appearance before Congress, where he was questioned by senators over alleged widespread union busting. Starbucks Workers United posted a GoFundMe page for Rizzo Friday, pulling in nearly $7,000 for Rizzo in a day.

☆ Authorities search for more victims after tornado pummels Arkansas
▼ + stars: | 2023-04-01 | by ( Liliana Salgado | ) www.reuters.com time to read: +3 min

LITTLE ROCK, Arkansas, April 1 (Reuters) - Arkansas first responders on Saturday will sift through debris for more possible victims after a fierce tornado sliced through the Little Rock area and northeastern part of the state, killing at least two people and injuring dozens of others. Two fatalities in Arkansas were reported in Wynne, about 100 miles (160 km) east of Little Rock, Governor Sarah Huckabee Sanders said on Friday night. One person was killed and more than 50 people hospitalized in North Little Rock, Pulaski County spokeswoman Madeline Roberts told the Washington Post. Although more than 30 people were taken to hospital in the Little Rock area, none had died as of Friday night, said Little Rock Mayor Frank Scott Jr., who added that the count remained imprecise. [1/9] A view of destroyed buildings following the tornado in Little Rock, Arkansas, U.S., March 31, 2023 in this picture obtained from social media.

☆ Starbucks fired the employee responsible for igniting the Starbucks Workers United union campaign
▼ + stars: | 2023-04-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Starbucks fired Alexis Rizzo, the employee responsible for igniting the Starbucks Workers United union campaign, just days after the company's former CEO Howard Schultz testified on Capitol Hill about the coffee chain's alleged union-busting, CNBC confirmed. Starbucks Workers United announced Rizzo's termination in a tweet Saturday and said in a corresponding GoFundMe page that "this is retaliation at its worst." It was like my family," Rizzo told CNBC in an interview. Schultz faced a volley of tough questions from Sen. Bernie Sanders Wednesday about Starbucks' labor and union practices. Nearly 300 Starbucks cafes have voted to unionize under Starbucks Workers United, according to data from the National Labor Relations Board.

☆ Social Security is in jeopardy of cutting benefits in just a decade, and no one's stepping in to fix it
▼ + stars: | 2023-03-31 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The latest Social Security and Medicare Board of Trustees report lays out estimates for both programs. The trustees find that Social Security will be unable to pay full benefits in about 10 years. Importantly, that doesn't mean that, past 2033 or 2034, there will be no Social Security benefits or the program will be bankrupt. "House Republicans are determined to cut Social Security and Medicare," House Minority Leader Hakeem Jeffries wrote on Twitter on Wednesday. "With informed discussion, creative thinking, and timely legislative action, Social Security can continue to protect future generations."

☆ Airline, banking and rail oversight top U.S. progressives' wish list for Biden
▼ + stars: | 2023-03-30 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

REUTERS/Jim VondruskaWASHINGTON, March 30 (Reuters) - Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The caucus, made up of 101 U.S. House Democrats and independent Senator Bernie Sanders, has grown in influence in recent years under Representative Pramila Jayapal's leadership. "These are actions that we believe the White House and federal agencies have the authority and the ability to take now," Jayapal told reporters on Thursday. With the House of Representatives narrowly controlled by Republicans and the Senate narrowly controlled by Democrats, progress on legislation is increasingly rare, leading presidents to rely more heavily on executive action. Biden's Democratic administration has taken the caucus's advice on multiple occasions, most notably on canceling student debt through executive action.

☆ Former Starbucks CEO Howard Schultz, worth $3.7 billion, was annoyed when lawmakers called him a billionaire
▼ + stars: | 2023-03-30 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Former Starbucks CEO Howard Schultz was offended at being called a billionaire during a Senate hearing. The Senate on Wednesday probed Starbucks' treatment of unionized employees. The Senate committee was probing Starbucks' treatment of unionized employees. Schultz, was the chairman and CEO of Starbucks from 1987 to 2000, from 2008 to 2018, and as interim CEO from 2022 to 2023. "That's why Starbucks doesn't need a union," Schultz said.

REUTERS/Julia NikhinsonWASHINGTON/NEW YORK, March 29 (Reuters) - Starbucks' former Chief Executive Howard Schultz defended himself and the coffee chain against allegations of "union busting" at a U.S. Senate committee hearing in Washington on Wednesday. Senator Bernie Sanders, Chair of the Senate Health, Education, Labor, and Pensions Committee, told Schultz that "Starbucks has waged the most aggressive and illegal union busting campaign in the modern history of our country." "These are allegations and Starbucks has not broken the law," Schultz told Sanders during the hearing. His return to Starbucks as its interim leader in April 2022 was "95% focused on the operations of the business" and his involvement in the company's union strategy has been "de minimis," Schultz said. Republicans defended Schultz, praising the company's competitive wages, health benefits, employee stock purchase program and other benefits.

[1/2] Starbucks Chairman and CEO Howard Schultz looks on during its Annual Meeting of Shareholders in Seattle, Washington March 21, 2012. Senators blasted ex-Starbucks Chief Executive Howard Schultz on Wednesday over the company's "union busting" when he was at the helm. Starbucks has denied allegations that it illegally fired pro-union baristas or spied on workers as hundreds of stores organized unions starting in late 2021. "These are allegations and Starbucks has not broken the law," Schultz told Sanders during the hearing. His return to Starbucks as its interim leader in April 2022 was "95% focused on the operations of the business" and his involvement in the company's union strategy has been "de minimis," Schultz said.

☆ Starbucks’s Howard Schultz Faces Tough Questions from Bernie Sanders About Union Talks
▼ + stars: | 2023-03-29 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Longtime Starbucks Corp. leader Howard Schultz on Wednesday defended the coffee chain against accusations it has retaliated against pro-union workers who say they are seeking better pay and benefits. Mr. Schultz, testifying before a Senate committee, said the company has attempted to bargain with representatives of the Starbucks Workers United union in good faith. Any unionized employee disciplined by Starbucks was a result of violating company policies, not advocating for a union, he said.

Lawmakers grilled former Starbucks CEO Howard Schultz on the company's alleged anti-union practices. Sen. Bernie Sanders persuaded Schultz to testify after threatening to subpoena him. Starbucks workers and former employees also testified before the panel. Sen. Bernie Sanders, chair of the committee, persuaded Schultz to testify after threatening to subpoena him. Starbucks workers and former employees also testified before the panel.

☆ Starbucks' Schultz and Bernie Sanders go head-to-head on Starbucks unions
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks' Schultz and Bernie Sanders go head-to-head on Starbucks unionsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. John Bryant, Operation Hope, founder and CEO; Andrew Yang, founder and CEO of Venture of America ; and Kevin O’Leary, CNBC contributor and O’Leary Ventures Chairman, discuss congressional testimony from former Starbucks CEO Howard Schultz.

☆ Arkansas sues TikTok, ByteDance and Meta over mental health claims
▼ + stars: | 2023-03-29 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —The state of Arkansas has sued TikTok, its parent ByteDance, and Facebook-parent Meta over claims the companies’ products are harmful to users, in the latest effort by public officials to take social media companies to court over mental-health and privacy concerns. The complaints come amid mounting pressure in Washington on TikTok for its ties to China and as states have grown more aggressive in suing tech companies broadly, particularly on mental health claims. The suit further alleges that TikTok’s Chinese sister app, Douyin, does not make such content available within China. Adobe Stock“TikTok poses known risks to young teens that TikTok’s parent company itself finds inappropriate for Chinese users who are the same age,” the complaint said. TikTok has migrated US user data to servers operated by the American tech giant Oracle and has established organizational controls intended to prevent unauthorized data access.

☆ Bernie Sanders questions Howard Schultz on Starbucks' labor practices
▼ + stars: | 2023-03-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s blatant attempts to shut down its own workers’ unionization efforts, will finally get to question Schultz during a Senate hearing Wednesday. It’s a relatively small number compared to the roughly 9,300 company-operated Starbucks stores in the United States. Howard Schultz at the Starbucks annual shareholder meeting in Seattle, Washington on March 22, 2017. “Starbucks respects the right of all partners to make their own decisions about union representation,” Schultz said. In prepared remarks for the hearing, Schultz argued that “Starbucks has engaged in good faith bargaining,” saying that delays are coming from the union.

☆ Starbucks is probably 'the best first job in America,' former CEO says as Congress probes the chain's treatment of unions
▼ + stars: | 2023-03-29 | by ( Aidan Pollard | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Starbucks is "one of the best, if not the best, first job in America," former CEO Howard Schultz said. "Starbucks is probably one of the best, if not the best, first job in America." "It's unprecedented, and that's why Starbucks doesn't need a union," Schultz said. But Wednesday's hearing showed that some current and former Starbucks employees don't agree with that assessment. Jaysin Saxton, a former Starbucks barista who lost his job in August at a Starbucks in Augusta, Georgia, also spoke at the hearing.

☆ Bernie Sanders set to grill ex-Starbucks CEO Howard Schultz about alleged union busting
▼ + stars: | 2023-03-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

CEO of Starbucks Howard Schultz sits off stage to listen to soon to be Starbucks CEO Laxman Narasimhan at Investor Day in Seattle, Washington Tuesday September 13, 2022. Former Starbucks CEO Howard Schultz on Wednesday is likely to face tough questions from Sen. Bernie Sanders about the coffee chain's alleged union busting. Schultz stepped down from his post on March 20, handing the reins over to Laxman Narasimhan, who spent the prior six months learning about the company. After Sanders called for a vote on whether to subpoena Schultz, the former chief executive agreed to appear in front of the panel. Starbucks confirmed with the committee that Schultz, who stepped down from the top job earlier than expected, still plans to testify at the hearing, set for 10 a.m.

Search resuls for: "sanders"

25 mentions found