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☆ Here are answers to 5 key questions about the labor board’s severance agreement rule change
▼ + stars: | 2023-02-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

Can my employer no longer ever require that I stay quiet in exchange for severance? Normally there is a six-month window akin to a statute of limitations to bring an alleged violation to the board’s attention. So can employers now never require me to stay mum about the company as a condition of receiving severance? It’s easy to forget, but there is no legal requirement for employers to offer laid off workers severance. “There’s a real risk to employees that the case will have a negative impact on the size of severance packages going forward,” he said.

☆ U.S. manufacturers see big boost from government subsidies and tax breaks
▼ + stars: | 2023-02-23 | by ( Timothy Aeppel | ) www.reuters.com time to read: +9 min

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. Eight out of 12 Republican representatives in Ohio’s congressional delegation voted in favor of federal subsidies for semiconductor production, including the funds that will go to Intel. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

☆ Videos show Ohio politicians gingerly sipping tap water near chemical train crash, hoping to convince locals to start drinking it again
▼ + stars: | 2023-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Videos show several Ohio politicians gingerly sipping on tap water near a toxic train derailment. "I'll tell you, we believe in science, so we don't feel like we're being your guinea pig," Regan told Carolyn Brown, whose house they were in. "But we don't mind proving to you that we believe the water is safe," Regan continued. "That's pretty good water," Regan said after drinking from a red plastic cup. "You just saw us all drink a glass of water, our municipal water system here in East Palestine is safe.

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Industrial policy still has critics. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

☆ KPMG reaches settlement with liquidator of Carillion
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierLONDON, Feb 17 (Reuters) - KPMG said on Friday it has reached a confidential settlement agreement with the liquidator of Carillion, the builder it audited before it collapsed. Carillion collapsed in 2018 under 7 billion pounds ($8.40 billion) of debt, with thousands of jobs lost, leading to government-backed reviews which recommended a shake-up in auditing standards. Liquidators of Carillion last year sued KPMG for 1.3 billion pounds for missing "red flags" during its audits of the construction giant. Carillion was an extreme and serious corporate failure, and it is important that we all learn the lessons from its collapse," KPMG's UK chief executive Jon Holt said in a statement. Britain's auditing watchdog, the Financial Reporting Council (FRC) has yet to announce the outcome of its investigation in KPMG's audits of Carillion.

☆ Tesla owners reveal the best and worst features of their cars, and what they really think of Elon Musk
▼ + stars: | 2023-02-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

Insider spoke with more than a dozen Tesla owners to learn what they like most and least about their cars. We talked to more than a dozen Tesla owners to find out what they like most about their cars — and what they think needs improvement. Since electric cars don't experience the same acceleration lag as gas vehicles, Teslas jolt forward the instant you put your foot down. Con: Stiff rideSome Model 3 and Y owners told Insider their cars are too stiff and jittery over bumpy pavement. Tim Levin/InsiderOver and over, Tesla owners praised the company's extensive network of fast chargers, which is exclusive to Tesla owners in the US.

☆ The 2023 Super Bowl Ads Will Feature Booze, Betting and Jesus
▼ + stars: | 2023-02-10 | by ( Megan Graham | Patrick Coffee | ) www.wsj.com time to read: +10 min

The Super Bowl ads on Sunday are poised to promote an unusual mix of alcohol brands, gambling and Jesus. The Super Bowl still regularly draws an audience of around 100 million people, making it TV’s biggest event of the year and advertising’s biggest night. Planters’ Super Bowl ad features comedians mocking Mr. Peanut. The ads are likely to strike a lighter tone than the occasionally somber messages of Super Bowl ads in recent, highly politicized years or the early pandemic, said Anjali S. Bal, an associate professor of marketing at Babson College. Many Super Bowl advertisers have again released their ads well before Super Bowl Sunday to increase their chances of being seen.

☆ Super Bowl ads lean on stars, humor to grab attention
▼ + stars: | 2023-02-09 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

[1/3] Musician Ozzy Osbourne takes part in a Super Bowl ad for Workday, in this undated handout photo provided by Workday. Big-name celebrities are not uncommon in Super Bowl ads. A 30-second Super Bowl spot this year sold for a little over $7 million, according to a person familiar with the ad sales. “Advertisers want people talking about their brand, and not just during the 30 to 60 seconds of (Super Bowl) air time,” Rucker said. Some stars will poke fun at themselves or their careers in Super Bowl ads.

☆ For Ukraine, Western tanks could be a game changer in the conflict
▼ + stars: | 2023-01-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

For Ukraine, the offer of modern, Western battle tanks was a long-time coming; it has requested Leopard 2 tanks from Germany, and asked Berlin to authorize their re-export from other allies, for months. On Wednesday, Germany offered Ukraine 14 of its Leopard 2A6 tanks and said it would allow allies to export their own German-made tanks to Ukraine. watch nowPoland, the Netherlands, Spain, Norway and Finland are among the other countries that have signaled they will, or are willing, to send tanks to Kyiv. Ukraine is certainly focusing right now on the exact number of tanks it can expect from its Western allies. The speed of training of our military, the speed of supplying tanks to Ukraine and the volume of tank support."

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

Chesapeake Energy Corp. was one of the biggest stars of the fracking boom, riding high for years on its ability to tap vast troves of American natural gas. By the summer of 2020, the pandemic and lockdowns had caused revenue to dry up, and the company, after a big, ill-timed expansion, filed for bankruptcy protection.

☆ Inflation Takes Biggest Bite From Middle-Income Households
▼ + stars: | 2022-12-28 | by ( Jon Hilsenrath | Rachel Wolfe | ) www.wsj.com time to read: 1 min

Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income households, benefiting from exceptionally low unemployment rates, have found jobs and experienced wage increases that lifted income more than the cost of living, according to studies by the Congressional Budget Office and others. Many were also bolstered by federal payments during the pandemic.

☆ These are 10 most popular fighter planes in service around the world
▼ + stars: | 2022-12-22 | by ( Miguel Ortiz | We Are The Mighty | ) www.businessinsider.com time to read: +9 min

Using data from Cirium, FlightGlobal published their 2023 World Air Forces directory detailing military aircraft fleets around the world, including the most popular fighter planes. These are the 10 most popular fighter planes in service around the world:Northrop F-5An F-5 Tiger II takes off at Naval Air Station Fallon in Nevada. Despite its age, the J-7 remains extremely popular with 444 in active service. 522 Typhoons are in active service, including with all of the original collaborating countries except France. 545 F-35s are in active service, with more on the way as existing orders are filled and additional orders are placed.

☆ The home that inspired Kate Winslet's English cottage from 'The Holiday' is now available on Airbnb
▼ + stars: | 2022-12-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

The rural English cottage that inspired Kate Winslet's house in 'The Holiday' is now on Airbnb. The couple who owns the home put in on Airbnb after learning that it was a cinematic landmark. The house that inspired the English cottage in 'The Holiday' is now on Airbnb. They moved in with no knowledge that it inspired the Hollywood film, according to The Independent. The house has been reserved for Christmas, New Year's weekend, and the majority of February 2023, according to Airbnb, though there are bookings available throughout the upcoming year.

Where to watch 'Top Gun: Maverick'"Top Gun: Maverick" is now available to watch on Paramount Plus and Epix Now. You can watch "Top Gun: Maverick" for free if you sign up for a trial to Paramount Plus or Epix Now. After you purchase "Top Gun: Maverick" you'll be able to stream it whenever you like with no restrictions. Getty ImagesYou can watch the first "Top Gun" movie from 1986 on Paramount Plus and Epix Now. The first "Top Gun" movie follows Maverick as he and a group of naval aviators are given the chance to train in the Navy's Top Gun program.

☆ U.S. Watchdog Sanctions KPMG Firms, Audit Professionals
▼ + stars: | 2022-12-06 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

PREVIEWThe U.K. firm was additionally sanctioned for allegedly failing to reasonably supervise an unregistered audit firm, Romanian audit firm KPMG Audit SRL, in four consecutive audits of Endava PLC, a British technology services company. KPMG U.K. was found to have also made several inaccurate PCAOB filings about the involvement of unregistered firms in certain audit work. The PCAOB imposed a $600,000 penalty for the alleged failings around unregistered audit firms, which KPMG U.K. didn’t admit or deny. KPMG U.K. has reviewed the way it works with other firms, enhancing controls and providing additional training, Cath Burnet, U.K. head of audit at KPMG, said. The U.K.’s audit and accounting regulator in a July letter to seven audit firms, including KPMG, said that it is “deeply concerned” about audit professionals cheating on external professional exams and internal assessments.

☆ Can You Tell a Country by Its Corner Kicks?
▼ + stars: | 2022-12-05 | by ( Rory Smith | Allison Mccann | ) www.nytimes.com time to read: +11 min

Argentina vs. Mexico 2022 World Cup Nov. 26, 2022 The play started here as a corner. Argentina vs. Mexico 2022 World Cup Nov. 26, 2022 The play started here as a corner. Argentina vs. Mexico 2022 World Cup Nov. 26, 2022 The play started here as a corner. Argentina vs. Mexico 2022 World Cup Nov. 26, 2022 The play started here as a corner. Reid can, sometimes, tell where a team is from just from the way it attacks or defends its corner kicks.

You'll also be able to stream it with a Paramount Plus subscription ($5/month) starting December 22. The box office hit will also be available on Paramount Plus starting December 22. When will 'Top Gun: Maverick' be available on Paramount Plus? "Top Gun: Maverick" will finally hit Paramount Plus on December 22. Getty ImagesYou can watch the first "Top Gun" movie from 1986 on Paramount Plus.

☆ Returns Are the Retail Industry’s Quietly Mounting Logistics Problem
▼ + stars: | 2022-11-28 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why Everything Is On Sale: The Bullwhip Effect If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.

☆ Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
▼ + stars: | 2022-11-20 | by ( Rachel Wolfe | Jon Hilsenrath | ) www.wsj.com time to read: 1 min

Households, retailers and charities nationwide, feeling the pinch of inflation, are bracing for a humbug holiday season. U.S. consumers and businesses have trimmed spending plans for gifts, charitable contributions and holiday events, data show. The penny-pinching threatens to spoil the year-end for many, especially firms and nonprofits that tally their largest share of sales and donations in November and December.

Drone Amplified, a Nebraska-based startup, is using unmanned aerial technology to improve one of the oldest and most-effective methods of preventing wildfires: prescribed burns. “Then you have helicopters with a whole crew on board, flying really low and slow over the fire,” he added of other methods for prescribed burns. The drones allow firefighters to work at a distance from flames, according to Detweiler, and in areas that are difficult to reach due to terrain or visibility. Precision is a critical element when conducting prescribed burns, because it is crucial for preventing fire escapes. Two recent controlled burns in New Mexico escaped and led to the state’s largest wildfire on record.

☆ Regulators Look to Lessen Treasury Market Reliance on Big Bank Dealers
▼ + stars: | 2022-11-10 | by ( Andrew Ackerman | Jon Hilsenrath | ) www.wsj.com time to read: 1 min

In recent months, officials have noticed that Treasury markets have grown less liquid and become more volatile. Regulators are looking to broaden trading in the immense $24 trillion market for U.S. Treasury securities, a potential power shift away from the small club of big banks that have dominated the market for decades, according to a federal report to be released Thursday. Regulators have been on heightened alert about the stability of the market since March 2020, when Covid-19 disrupted the economy and markets, freezing up trading in Treasury securities. Recent volatility in the Treasury market has added to concerns.

The new order helped to reduce global poverty by bringing work to low-wage countries, especially China. Data note: Percentage of people who live on less than $2.15 a day, 2017 prices; Data source: World Bank

☆ Sec. Yellen has repeatedly said she has no intention of leaving admin, says WSJ's Jon Hilsenrath
▼ + stars: | 2022-10-31 | 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 EmailSec. Yellen has repeatedly said she has no intention of leaving admin, says WSJ's Jon HilsenrathJon Hilsenrath, senior writer at the Wall Street Journal, joins CNBC's 'Squawk Box' to discuss his new book on Treasury Sec. Janet Yellen, titled 'Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval.'

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