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☆ Hurricanes are taking the election by storm. Here's where Harris and Trump stand on natural disaster policies.
▼ + stars: | 2024-10-09 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

Neither Harris nor Trump outline specific disaster-relief policies on their website. "Disasters are always political," Thomas Birkland, a political scientist at North Carolina State University who studies the politics of national disasters, told Business Insider. When he was president, Trump responded to several hurricanes. "A charitable interpretation would be mixed on crisis management," Birkland told BI about Trump's past responses to natural disasters. Presidents are somewhat limited in their disaster responses — both Kneeland and Birkland told BI that states and local governments lead disaster responses, with the federal government's assistance.

Persons: Harris, Kamala Harris, Donald Trump, Helene, Trump, Hurricane Milton, Thomas Birkland, Timothy Kneeland, Hurricane Helene, Hurricane Dorian, Hurricane Maria, Birkland, Kneeland, Joe Biden, Betsey, Hurricane Andrew Organizations: Trump, Service, Hurricane, Florida, North Carolina State University, Nazareth University, Georgia, Federal Emergency Management Agency, Republicans, Office, Washington Post, FEMA Locations: North Carolina, Georgia, California, South Carolina, Alabama, Hurricane, Michigan

☆ Here's where the jobs are for August 2024 — in one chart
▼ + stars: | 2024-09-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The growth was led by leisure and hospitality and health care and social assistance, with each category adding more than 40,000 jobs, according to data from the Bureau of Labor Statistics . The August jobs report came in weaker than expected , and employment growth by different industries showed a mixed bag for the U.S. economy . If private education is included with the health-care group, as some economists do, that category would have grown by 47,000 jobs. Construction was a bright spot, growing by 34,000 jobs, but manufacturing shed 24,000 jobs. The health-care subsector added 31,000 jobs, or about half its average over the prior 12 months, according to the Bureau of Labor Statistics.

Persons: … We're, Betsey Stevenson Organizations: Bureau of Labor Statistics, Department of Labor Locations: U.S

☆ Remember that Versace dress Jennifer Garner wore in ‘13 Going on 30"?
▼ + stars: | 2024-04-23 | by ( Marie Lodi | ) edition.cnn.com time to read: +8 min

DeSanto accessorized the dress with colorful Swarovski crystal jewelry by Tarina Tarantino, including a blue butterfly statement necklace. Columbia Pictures/Everett CollectionDecades later, the dress has become a beloved artifact for nostalgic rom-com fans and modern fashion enthusiasts alike. “(Garner) put it on, we got her all dolled up, she went to dance, and we moved on,” she said. DeSanto also credits director Gary Winick, who died in 2011, for the film’s fashion sense. As DeSanto points out, “13 Going on 30” is a story about a young woman coming into herself — and how, more than anything, it’s important just to be yourself.

Persons: —, Jenna Rink, Gilson nightgown, baguette, Susie DeSanto, Jennifer Garner, Miu Miu, Prada, Ralph Lauren, Roberto Cavalli, Versace, ” DeSanto, “ I’d, Giovanni Giannoni, Jenna, partygoers, Michael Jackson’s, — Versace, DeSanto, Tarina Tarantino, Tarantino, Marc Jacobs’s, — she’s, ”, “ It’s, Betsey Johnson tutus, Christa B, Allen, Ariana Grande, wasn’t, weren’t, “, Garner, Stella McCartney, Alberta Ferretti, Mark Ruffalo, Jen, we’re, I’ve, Gary Winick, Gary, ” Winick, Mark Ruffalo’s Organizations: CNN, Fairchild, Penske Media, Columbia Pictures, Everett Locations: Manhattan, lockstep, Barney’s, Italy, Etsy, Alberta, “, New York

Today, Celeste reads a “Modern Love” essay about exactly that bond, a mother trying desperately to reach her child. Why do you think you’re so drawn to tiny things? If you’re going to make something in miniature, you have to spend a lot of time really looking at it. Because, OK, Betsey’s daughter spray paints, “Too many bushes, not enough trees,” and you’re going around putting, honestly, beautiful lines of T.S. So there is something about that language that even if you think you’re rational, it’s getting to you somehow.

Persons: anna martin, ” I’m Anna Martin, you’re, Celeste Ng, Celeste, they’re, ” celeste, anna martin So, celeste ng, anna martin Tell, I’ve, I’m, celeste, anna martin Well, It’s, ”, Betsy MacWhinney, George W, Bush, Marissa, strode, “, Wendell Berry’s “, Mary Oliver, Oliver, Berry, Marissa didn’t, I’d, wouldn’t, anna martin Isn’t, Betsy, She’s, anna martin Really, anna martin Celeste, Eliot, you’ve, ” anna martin, celeste ng I’m, anna martin Talking, she’s, anna martin Wow, anna martin I, didn’t, who’s, anna martin Betsy, Wendell Berry, what’s, —, anna martin I’m, we’ve, He’s, anna martin He’d, Anna, Brittany Howard, brittany howard Love Organizations: The New York Times, eBay, Farmer, NASA Locations: manila, Sierra Leone, T.S, Hong Kong, There’s

☆ Is Remote Work the Answer to Women’s Prayers, or a New ‘Mommy Track’?
▼ + stars: | 2023-11-12 | by ( Sarah Kessler | More About Sarah Kessler | ) www.nytimes.com time to read: +2 min

And when work and caregiving conflict, women are more likely to take a step back. Most post-pandemic debate around remote work has focused on whether it’s here to stay. Some version of it seems likely: About 70 percent of workers who can do their jobs off-site still work remotely either all or some days. But if old attitudes about more flexible work resurge — outspoken executives have recently described it as “lazy,” not for leaders and a perk for those who don’t “work as hard”— then it may not matter if hybrid options are widespread. This is especially true for highly skilled jobs, because women hold the majority of college degrees.

Persons: Claudia Goldin —, —, Williams, ”, Betsey Stevenson Organizations: Board, University of Michigan

☆ These new fashion collections were designed by AI
▼ + stars: | 2023-11-07 | by ( Marc Bain | ) edition.cnn.com time to read: +4 min

Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. RevolveTwo of the winning collections came from designers with no fashion background. The winners designed their collections using AI image generators Midjourney and Stable Diffusion, and in some cases editing in Photoshop. RevolveSabral is "eager to share my unique vision that bridges the worlds of architecture, fashion design, and technology," he told Revolve in a statement. But in Abbasi’s view, one of the key learnings from AI Fashion Week is that the technology can also allow people who don’t necessarily have training in fashion to produce innovative designs.

Persons: José Sabral, Matilde Mariano, —, Betsey Johnson, Cyril Foiret, Maison, Nima Abbasi, Michael Mente, Strada, Heliot Emil, ” Organizations: The, Fashion, CNN, Maison Meta Locations: Portugal, Los Angeles, Milan, New York

☆ How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO
▼ + stars: | 2023-10-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +21 min

Editor's note: Morgan Stanley announced on October 25 that Ted Pick would replace James Gorman as CEO. Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gucci loafers, Blackstone, Tony James, Morgan, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, —, Hayley Cuccinello Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long, hcuccinello@insider.com

☆ The U.S. economy is extremely resilient, says economist Betsey Stevenson
▼ + stars: | 2023-10-20 | 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 EmailThe U.S. economy is extremely resilient, says economist Betsey StevensonJoseph LaVorgna, SMBC Nikko Securities America chief economist, and Betsey Stevenson, professor of economics at the University of Michigan, join 'Squawk on the Street' to discuss where the Federal Reserve goes from here, their thoughts on the overall economy, and more.

Persons: Betsey Stevenson Joseph LaVorgna, Betsey Stevenson Organizations: Nikko Securities America, University of Michigan, Federal

☆ Meet Ted Pick, the hard-charging 'deal junkie' who rose to the top at Morgan Stanley the old-fashioned way — and looks poised to succeed James Gorman as CEO
▼ + stars: | 2023-08-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +20 min

Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Succession has traditionally been a bloody sport on Wall Street, and Morgan Stanley is no exception. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, Pick, Gucci loafers, Blackstone, Tony James, Morgan, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, Goldman, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, — Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long

☆ Here's where the jobs are for June 2023 — in one chart
▼ + stars: | 2023-07-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The biggest area for growth was health care and social assistance, with 65,200 jobs added, according to data from the Labor Department . The June jobs report showed signs that the U.S. labor market may be losing steam after surprisingly strong growth earlier this year, but some categories still saw big jumps in employment last month. The other star category was government, which added 60,000 jobs. Another strong area of the labor market was construction, which added 23,000 jobs for the second straight month. Clarification: This story has been updated to clarify that hospitals added 15,000 jobs.

Persons: Betsey Stevenson, Stevenson Organizations: Labor Department, University of Michigan, Retail

☆ Opinion | Guess How Much This Debt Ceiling Nonsense Is Costing Us
▼ + stars: | 2023-06-05 | by ( Betsey Stevenson | ) www.nytimes.com time to read: +2 min

A stronger economic recovery began to take hold in early 2015, but it most likely would have begun earlier without the 2011 debt standoff and resulting budget cuts. The biggest cost from the debt standoff, however, was the fact that it helped establish debt standoffs as the new normal. The real losers from the 2023 debt deal are American taxpayers, who can expect a similar debt standoff, with all of its costs, in two years if we still have a divided government then. Taxpayers should want to pay as little as possible for that debt, and that requires keeping borrowing costs low. But the debt ceiling is currently only used to provide the minority political party the leverage necessary to get their priorities passed.

Persons: —, Janet Yellen Organizations: Republicans, Taxpayers Locations: United States

☆ This is the calamity Washington is trying to avoid with a debt ceiling deal
▼ + stars: | 2023-05-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

New York CNN —At long last, the White House and House Republicans have reached a tentative agreement to raise the debt ceiling. Every day that passes without a bill to raise the debt ceiling, the probability of the United States reaching the critical date that it can no longer meet its financial obligations steadily grows. Absent a bill passed by Congress and signed by Biden, Treasury will likely do everything in its power to avoid a debt default. In contrast to debt payments, government payments like Social Security or federal worker salaries aren’t considered debt instruments, so they are less likely to come into play when the agencies rate the United States’ debt. Though prioritizing debt payments might stave off an even-greater economic collapse, the United States may not emerge unscathed.

☆ Here's what the looming debt ceiling crisis means for your portfolio
▼ + stars: | 2023-05-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Enes EvrenMany investors are bracing for the economic fallout of the deadline for the U.S. to raise the debt ceiling or default on its obligations. Treasury Secretary Janet Yellen on Sunday said that failing to raise the debt ceiling will cause a "steep economic downturn" in the U.S., reiterating the country's early June deadline. Experts say the current crisis could differ from the 2011 debt standoff, which ultimately led to a U.S. credit downgrade and significant market turmoil. One of the big concerns is how the Treasury may prioritize principal and interest payments for assets like bills or bonds in an unprecedented default. Under the 2011 contingency plan, there wouldn't have been a default on Treasurys, according to an August 2011 Federal Open Market Committee conference call transcript.

☆ Fed needs to see people coming into the labor force, says economist Betsey Stevenson
▼ + stars: | 2023-04-07 | 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 EmailFed needs to see people coming into the labor force, says economist Betsey StevensonJoseph LaVorgna, SMBC Nikko Securities America chief economist, and Betsey Stevenson, professor of economics at the University of Michigan, join CNBC's "Squawk Box" discuss Friday’s jobs report.

☆ Here's where to expect job growth in coming months: Univ. of Michigan professor
▼ + stars: | 2023-04-04 | 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 EmailHere's where to expect job growth in coming months: Univ. of Michigan professorBetsey Stevenson, former chief economist at the Labor Department, and Tomas Philipson, former CEA acting chair and Univ. of Chicago professor, joins 'Squawk Box' to discuss the interplay between sectors that overhired and those with labor shortages, why the labor market data is skewed and more.

☆ Why did we get a monster jobs report if the economy is slowing?
▼ + stars: | 2023-02-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

And yet, even though it seemed impossible, the labor market is somehow getting tighter, said Rucha Vankudre, senior economist at business analytics firm Lightcast. “I think pretty much all the labor economists in the country this morning are shocked,” Vankudre said Friday during a webinar after the jobs report was released. The January jobs report shouldn’t trigger a wholesale change of what Fed members are thinking or what they were planning on doing before this report, Sarah House, senior economist at Wells Fargo, told CNN. Strong labor market in a slowing economy? January’s jobs report came with added complexity, because it included annual updates to populations estimates and revisions to employer survey data.

☆ Watch CNBC's full discussion on the January jobs report
▼ + stars: | 2023-02-03 | 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 EmailWatch CNBC's full discussion on the January jobs reportBetsey Stevenson, former Labor Department chief economist, Tyler Goodspeed, former acting CEA chairman, and CNBC's Steve Liesman break down the details in Friday's January jobs report.

☆ Experts react to December's inflation report
▼ + stars: | 2023-01-12 | 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 EmailExperts react to December's inflation reportEdward Jones' Mona Mahajan, Conference Board's Dana Peterson, University of Michigan's Michael Strain, and Betsey Stevenson, former chief economist at the Labor Department, join 'Squawk Box' to share their opinions on December's CPI print.

☆ It's possible the U.S. could avoid a recession in 2023, says Betsey Stevenson
▼ + stars: | 2022-12-28 | 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 EmailIt's possible the U.S. could avoid a recession in 2023, says Betsey StevensonBetsey Stevenson, former Labor Department chief economist, Michael Strain, director of economic policy studies at the American Enterprise Institute, join CNBC's 'Squawk Box' to discuss their outlook for interest rates and inflation in 2023.

☆ Long Covid is distorting the labor market — and that's bad for the U.S. economy
▼ + stars: | 2022-12-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +13 min

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.

☆ Four experts break down November's hotter-than-expected jobs report
▼ + stars: | 2022-12-02 | 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 EmailFour experts break down November's hotter-than-expected jobs reportSaira Malik, chief investment officer for Nuveen, Betsey Stevenson, former Labor Department chief economist, Nela Richardson, ADP chief economist, Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chairman, and CNBC's Steve Liesman and Rick Santelli join 'Squawk Box' to react to the November jobs report.

☆ Here's where the jobs are for November 2022 — in one chart
▼ + stars: | 2022-12-02 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality was the top category for job gains, according to a report from the U.S. Bureau of Labor statistics, adding 88,000 jobs. Roughly 62,000 of those jobs were in food and drink services, the report said. Health care and social assistance was the second-biggest category last month, adding more than 68,000 jobs. Government employment also had a strong month, adding 42,000 jobs.

☆ LoveShackFancy built a pretty, skinny, rich-girl dreamworld. The fantasy was impossible to live up to.
▼ + stars: | 2022-10-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +34 min

Suddenly, in the midst of discussing what Cohen should wear to the next LoveShackFancy store opening, there was the sound of glass clanging. (Another person confirmed hearing this exchange, though the person close to the company said multiple Zoom attendees did not recall it.) The person close to the company said, "It is not uncommon for trips to have dual purposes — they always generate content." Another time, during a visit to the Palm Beach store, Cohen freaked out after seeing staffers in sweatshirts and sneakers. "As with most contemporary fashion brands, we currently do not operate in the plus-size business," the person close to LoveShackFancy said.

☆ Radioactive waste was found at an elementary school playground near a site where nuclear weapons were made in WWII
▼ + stars: | 2022-10-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

A report found high levels of radioactive contamination at an elementary school in Missouri. Jana Elementary school is located near a creek that was contaminated in the 1940s and '50s. The report found radioactive contamination inside and outside the school building. Samples of soil, dust, and plant materials at the Jana Elementary School in the town of Florissant were collected in August for testing. Boston Chemical's investigation found several types of radioactive contamination were present at levels that far exceeded their expectations or acceptable levels.

☆ Three experts react to September's hotter-than-expected inflation report
▼ + stars: | 2022-10-13 | 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 EmailThree experts react to September's hotter-than-expected inflation reportBetsey Stevenson, former Labor Department chief economist, Nancy Davis, chief investment officer at Quadratic Capital Management, Nela Richardson, ADP chief economist, and CNBC's Steve Liesman and Rick Santelli join CNBC's 'Squawk Box' to react to September's hot inflation report.

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